GML-TECH
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 25-03-2026 PDF all 5 filings
Turnover
≈ €620,000
Estimated: probably between €290,000 and €1.5m
Total assets
€814,746▼ 1.1%
2024 · €823,903
Net result
€94,814▲ 194%
2024 · €32,223
Working capital
-€301,209▼ 775%
2024 · -€34,410
Multi-year overview
2021 to 2025, 5 financial yearsOperating result
€149,090
▲ 89.3%
2025
20212025
Net result
€94,814
▲ 194%
2025
middle half of the sector
20212025
Equity
€180,303
▲ 97.3%
2025
middle half of the sector
20212025
Total assets
€814,746
▼ 1.1%
2025
middle half of the sector
20212025
Debt
€634,442
▼ 13.4%
2025
20212025
Working capital
-€301,209
▼ 775%
2025
lowest quarter of the sector
20212025
Solvency
22.1%
▲ 11.0pp
2025
middle half of the sector
20212025
Current ratio
0.06
▼ 0.46
2025
lowest quarter of the sector
20212025
Return on assets (ROA)
11.6%
▲ 7.7pp
2025
highest quarter of the sector
20212025
Staff (FTE)
0
2025
lowest quarter of the sector
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Operating result-€5,538-€27,229€99,251▲ 265%€78,774▼ 20.6%€149,090▲ 89.3%
Net result-€5,813below the sector's middle half-€14,379within the sector's middle half€52,500within the sector's middle half▲ 265%€32,223within the sector's middle half▼ 38.6%€94,814within the sector's middle half▲ 194%
Equity-€1,813below the sector's middle half-€12,566below the sector's middle half€65,066below the sector's middle half▲ 418%€91,389below the sector's middle half▲ 40.5%€180,303within the sector's middle half▲ 97.3%
Total assets€58,827below the sector's middle half-€827,380within the sector's middle half▲ 14×€853,114within the sector's middle half▲ 3.1%€823,903within the sector's middle half▼ 3.4%€814,746within the sector's middle half▼ 1.1%
Debt€60,641-€814,815▲ 13×€788,048▼ 3.3%€732,514▼ 7.0%€634,442▼ 13.4%
Working capital€5,971within the sector's middle half--€31,884below the sector's middle half-€15,046below the sector's middle half▲ 52.8%-€34,410below the sector's middle half▼ 129%-€301,209below the sector's middle half▼ 775%
Solvency-3.1%below the sector's middle half-1.5%below the sector's middle half▲ 4.6pp7.6%below the sector's middle half▲ 6.1pp11.1%below the sector's middle half▲ 3.5pp22.1%within the sector's middle half▲ 11.0pp
Current ratio1.19within the sector's middle half-0.59below the sector's middle half▼ 0.600.80below the sector's middle half▲ 0.210.52below the sector's middle half▼ 0.280.06below the sector's middle half▼ 0.46
Return on assets (ROA)-9.9%below the sector's middle half-1.7%within the sector's middle half▲ 11.6pp6.2%within the sector's middle half▲ 4.4pp3.9%within the sector's middle half▼ 2.2pp11.6%above the sector's middle half▲ 7.7pp
Staff (FTE)0below the sector's middle half
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 89% higher than in 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €814,746
Fixed assets
€795,077 ▲ 1.0%
Current assets
€19,669 ▼ 46.7%
Equity and liabilities €814,746
Equity
€180,303 ▲ 97.3%
Debt
€634,442 ▼ 13.4%
Debt's share of the balance-sheet total falls from 88.9% to 77.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€163,992▲
2024 · €85,212
Cash flow
€109,715▲
2024 · €38,661
Debt to equity
3.52▼
2024 · 8.02
ROE
52.6%▲
2024 · 35.3%
Interest coverage
7.76▲
2024 · 2.48
Debt ≤ 1 year
€320,877▲
2024 · €71,324
Debt > 1 year
€313,565▼
2024 · €661,190
Income taxes
€33,163▲
2024 · €12,243
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | €711,479 | €698,490 | €654,692 | €361,190 |
| Pledge on other assets, amount secured | - | €761,479 | €300,000 | €300,000 | €300,000 |
| Carrying value of the other pledged assets | - | €761,479 | €785,705 | €780,778 | €792,048 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €24,500 | €2,726 | €29,330 | €1,316 | €42,288 |
| Financial fixed assets | €40 | €761,479 | - | - | - |
| Depreciation and write-downs of the year | €3,006 | €5,080 | €1,285 | €6,438 | €14,901 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €3,429 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,006 | €5,080 | €1,285 | €6,438 | €14,901 | ▲ 131% |
| Other operating charges640/8 | €596 | €1,290 | €556 | €757 | €647 | ▼ 14.6% |
| Gross operating margin9900 | -€1,936 | €33,599 | €101,092 | €85,969 | €164,638 | ▲ 91.5% |
| Operating profit (loss)9901 | -€5,538 | €27,229 | €99,251 | €78,774 | €149,090 | ▲ 89.3% |
| Financial income75/76B | - | - | €27 | €86 | €33 | ▼ 62.1% |
| Recurring financial income75 | - | - | €27 | €86 | €33 | ▼ 62.1% |
| Financial charges65/66B | €275 | €8,903 | €28,439 | €34,394 | €21,146 | ▼ 38.5% |
| Recurring financial charges65 | €275 | €8,903 | €28,439 | €34,394 | €21,146 | ▼ 38.5% |
| Profit (loss) for the period before taxes9903 | -€5,813 | €18,325 | €70,839 | €44,467 | €127,977 | ▲ 188% |
| Income taxes67/77 | - | €3,946 | €18,339 | €12,243 | €33,163 | ▲ 171% |
| Profit (loss) for the period9904 | -€5,813 | €14,379 | €52,500 | €32,223 | €94,814 | ▲ 194% |
| Profit (loss) for the period to be appropriated9905 | -€5,813 | €14,379 | €52,500 | €32,223 | €94,814 | ▲ 194% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €58,827 | €827,380 | €853,114 | €823,903 | €814,746 | ▼ 1.1% |
| Fixed assets21/28 | €21,534 | €780,659 | €792,111 | €786,989 | €795,077 | ▲ 1.0% |
| Tangible fixed assets22/27 | €21,494 | €19,140 | €30,592 | €25,470 | €33,558 | ▲ 31.8% |
| Plant, machinery and equipment23 | - | - | €1,542 | €2,492 | €2,988 | ▲ 19.9% |
| Furniture and vehicles24 | €21,494 | €19,140 | €29,050 | €22,977 | €30,569 | ▲ 33.0% |
| Financial fixed assets28 | €40 | €761,519 | €761,519 | €761,519 | €761,519 | = |
| Current assets29/58 | €37,293 | €46,721 | €61,003 | €36,915 | €19,669 | ▼ 46.7% |
| Amounts receivable within one year40/41 | €21,130 | €39,866 | €52,088 | €14,251 | €14,327 | ▲ 0.5% |
| Trade receivables40 | €20,908 | €39,866 | €51,927 | €14,089 | €14,327 | ▲ 1.7% |
| Other amounts receivable41 | €222 | €0 | €162 | €162 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €16,103 | €6,856 | €7,263 | €18,103 | €4,494 | ▼ 75.2% |
| Deferred charges and accrued income490/1 | €61 | €0 | €1,652 | €4,561 | €848 | ▼ 81.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €58,827 | €827,380 | €853,114 | €823,903 | €814,746 | ▼ 1.1% |
| Equity10/15 | -€1,813 | €12,566 | €65,066 | €91,389 | €180,303 | ▲ 97.3% |
| Contributions10/11 | €4,000 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Profit (loss) carried forward14 | -€5,813 | €8,566 | €61,066 | €87,389 | €176,303 | ▲ 102% |
| Amounts payable17/49 | €60,641 | €814,815 | €788,048 | €732,514 | €634,442 | ▼ 13.4% |
| Amounts payable after more than one year17 | €29,319 | €736,209 | €711,999 | €661,190 | €313,565 | ▼ 52.6% |
| Financial debts170/4 | €29,319 | €736,209 | €711,999 | €661,190 | €313,565 | ▼ 52.6% |
| Amounts payable within one year42/48 | €31,322 | €78,605 | €76,048 | €71,324 | €320,877 | ▲ 350% |
| Current portion of amounts payable after more than one year42 | €4,876 | €54,588 | €48,847 | €50,810 | €47,625 | ▼ 6.3% |
| Trade debts44 | €17,468 | €10,441 | €1,583 | €3,356 | €1,281 | ▼ 61.8% |
| Suppliers440/4 | €17,468 | €10,441 | €1,583 | €3,356 | €1,281 | ▼ 61.8% |
| Taxes, remuneration and social security45 | €8,977 | €12,490 | €17,221 | €14,013 | €18,617 | ▲ 32.9% |
| Taxes450/3 | €4,477 | €12,490 | €17,221 | €14,013 | €18,617 | ▲ 32.9% |
| Remuneration and social security454/9 | €4,500 | €0 | - | - | - | - |
| Other amounts payable47/48 | - | €1,086 | €8,397 | €3,146 | €253,354 | ▲ 81× |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,813 | €14,379 | €52,500 | €32,223 | €94,814 | ▲ 194% |
| + Depreciation and write-downs630 | €3,006 | €5,080 | €1,285 | €6,438 | €14,901 | ▲ 131% |
| Operating cash flow (approximation) | -€2,807 | €19,459 | €53,785 | €38,661 | €109,715 | ▲ 184% |
| Investment in fixed assets (approximation) | - | -€764,205 | -€12,736 | -€1,316 | -€22,990 | ▼ 1,647% |
| Change in cash | - | -€9,247 | €407 | €10,840 | -€13,609 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 25-03-2026 | 2026-00064753 | |
| 31-12-2024 | abbreviated format | 26-03-2025 | 2025-00056841 | |
| 31-12-2023 | abbreviated format | 11-04-2024 | 2024-00061458 | |
| 31-12-2022 | abbreviated format | 16-05-2023 | 2023-00088151 | |
| 31-12-2021 | micro format | 20-06-2022 | 2022-20072439 |