GUMPTION

Group · 17 companies

GUMPTION and the 16 companies it controls according to the LEI register and the annual accounts: the structure, the figures, each company's health and where the risk sits.

Parent's dossierFollow this group My exposure All groups

Companies

all in Belgium

Countries

Belgium

Total assets

€128.5m

what the companies own together

Equity

€57.0m

the shareholders' buffer

Net result

€1.8m

profit or loss of the year

Staff (FTE)

329

in Belgium, social balance

Sum of the filed annual accounts of 17 of the 17 Belgian companies (fiscal years 2024-2026). Not a consolidation: receivables, participations and sales between group companies are not eliminated, so they count.

Group risk

How healthy the group's Belgian companies are, and where the risk sits. A weak subsidiary can cost the parent money, and the other way round.

56/100 median score

High risk 0Elevated 5Healthy 7Fair 3No verdict 2

The parent itself: GUMPTION, healthy (72/100).
4 companies with negative equity: BLACKBOXED (-€610,965), CloudSisters (-€525,358), STUDIO EMMA (-€237,389), AdaptX (-€5,705).
9 companies with a loss in the latest year: CloudSisters (-€984,194), STUDIO EMMA (-€301,045), TheValueChain HXM (-€234,886), BRIGHTEST (-€215,904), AdaptX (-€205,705), GEOSPARC (-€127,863) and 3 more.
29.7% of the added-up total assets sits in one company: TheValueChain International.
2.1% of the added-up total assets sits at companies with an elevated or high risk.

Group structure

Who consolidates whom according to the LEI register, completed with who holds more than half of the shares according to the annual accounts. Both mean control.

GUMPTION8 subsidiaries

BE 0847.610.843Parent
Healthy · 72€25.8m €21.2m 2025
- Airwave2 subsidiaries
  
  BE 0739.671.52051% per the accounts
  Healthy · 86€6.1m €4.0m 2024
  - CloudSisters
    
    BE 0782.494.94151% per the accounts
    Elevated · 29€990,282 -€525,358 2024
  - RANK1
    
    BE 0867.435.366100% per the accounts
    No verdict€3.5m €825,230 2024
- BLACKBOXED
  
  BE 0745.693.042100% per the accounts
  Elevated · 29€145,485 -€610,965 2025
- GEOSPARC
  
  BE 0808.353.45850.11% per the accounts
  Healthy · 67€2.9m €605,659 2025
- PANDAS1 subsidiary
  
  BE 1000.352.09080% per the accounts
  No verdict€1.5m €798,811 2025
  - PURPLE PANDA
    
    BE 0683.775.368100% per the accounts
    Healthy · 83€662,744 €418,732 2026
- Skybright2 subsidiaries
  
  BE 0877.157.43956% per the accounts
  Fair · 54€4.8m €1.4m 2024
  - AdaptX
    
    BE 1000.430.08651% per the accounts
    Elevated · 39€468,241 -€5,705 2024
  - BRIGHTEST
    
    BE 0538.477.187100% per the accounts
    Fair · 52€3.5m €479,011 2024
- TheValueChain International2 subsidiaries
  
  BE 0742.661.98969.94% per the accounts
  Fair · 56€38.2m €11.3m 2025
  - TheValueChain
    
    BE 0838.023.085100% per the accounts
    Healthy · 60€36.3m €16.2m 2024
  - TheValueChain HXM
    
    BE 1002.002.77390% per the accounts
    Elevated · 54€197,833 €65,114 2024
- Upsta1 subsidiary
  
  BE 0728.510.481100% per the accounts
  Healthy · 65€1.9m €911,499 2024
  - STUDIO EMMA
    
    BE 0480.535.129100% per the accounts
    Elevated · 32€901,336 -€237,389 2024
- valueXstream
  
  BE 0644.768.00751% per the accounts
  Healthy · 72€636,176 €228,043 2024

High risk Elevated Healthy Fair No verdict Amounts: total assets and equity from the latest accounts.

Shared directors

Who sits on the boards of several group companies. This is where control over the group sits in practice.

EMBRECHTS CONSULTING

GUMPTION, TheValueChain International
2

Events in the group

Bankruptcies, director changes, capital changes and other publications of all Belgian group companies, over the last two years.

17-09-2026
2 directors appointed, 4 reappointed

Director changeGUMPTION
17-09-2026
3 reappointed

Director changeAirwave
17-09-2026
Gumption reappointed as managing director

Director changeTheValueChain
17-09-2026
5 reappointed

Director changeTheValueChain International
14-01-2026
Capital increase of €82,000

Capital changeTheValueChain

What is my exposure to this group?

The companies of this group you keep in your lists or follow, seen together.

Where do these figures come from?

Completed with the annual accounts: a company of which another Belgian company holds more than half of the shares, by the list of holdings or the shareholder structure in its accounts, stands under that company, with the share. The register of ultimate beneficial owners (UBO) is not public.

The group's make-up comes from the LEI register (GLEIF): which company consolidates which other, directly or ultimately. A company whose link the register does not state is not listed here, even if it does belong to the group.

The amounts are those of the annual accounts each Belgian company filed with the National Bank, added up without consolidation. The verdict per company is that of its dossier on Checked.be. Everything is updated every night.

Updated on 27-09-2026