ACTIVE

GYAC

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Financial year 2025 · closed on 31/12/2025

Net result

-90 k €

+68.3% YoY

Gross margin

-135,9 k €

-169.2% YoY

Equity

11,3 M €

+1.0% YoY

Workforce

0,0 ETP

What does GYAC do?

GYAC is a Private limited company incorporated in 1993. Its main activity is: Management consultancy activities. Its registered office is in Auderghem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0451.391.379

Incorporation

20/10/1993

Legal form

Private limited company

Registered office

Avenue des Volontaires 19
1160 Auderghem · BruxellesSee on map

Contributed capital

63 883,50 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 64200Activities of holding companies 64210Activities of holding companies

Joint committees (2)

Signals

Solid equityLow riskGood liquidity

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-135,9 k €	-169%	-50,5 k €	-216%	43,5 k €	-14.8%	51,1 k €	-66.7%	153,5 k €	-29.7%	218,4 k €	-51.8%	453,5 k €	+43.3%	316,4 k €	-0.2%	316,9 k €	+0.5%	315,5 k €	+2.3%	308,4 k €	+4.3%	295,6 k €	-2.8%	304,2 k €	+2.4%	297,1 k €	+325%	69,8 k €	+94.2%	36 k €	+4.1%	34,5 k €
EBITDA	-143,7 k €	-138%	-60,3 k €	-271%	35,4 k €	-12.1%	40,2 k €	-53.5%	86,5 k €	-44.8%	156,7 k €	-63.9%	433,4 k €	+37.4%	315,3 k €	-0.1%	315,7 k €	+0.5%	314,2 k €	+2.3%	307,2 k €	+4.4%	294,4 k €	-2.9%	303,1 k €	+2.3%	296,3 k €	+353%	65,4 k €	+107%	31,7 k €	+4.2%	30,4 k €
Operating result	-195,2 k €	+55.4%	-438 k €	-1041%	-38,4 k €	-18.3%	-32,5 k €	-337%	13,7 k €	-84.7%	89,7 k €	-76.3%	378 k €	+19.9%	315,3 k €	-0.0%	315,4 k €	+0.5%	313,9 k €	+2.3%	306,9 k €	+5.0%	292,3 k €	-2.9%	301,1 k €	+2.3%	294,3 k €	+350%	65,4 k €	+110%	31,2 k €	+5.4%	29,6 k €
Net result	-90 k €	+68.3%	-283,6 k €	-296%	144,8 k €	+376%	-52,5 k €	-163%	83,2 k €	-99.2%	10,9 M €	+3789%	279,3 k €	+724%	33,9 k €	+26.3%	26,8 k €	+38.9%	19,3 k €	-16.0%	23 k €	+1239%	-2 k €	-126%	7,7 k €	-96.1%	198 k €	+773%	22,7 k €	-15.0%	26,7 k €	+35.7%	19,7 k €
Balance sheet
Equity	11,3 M €	+1.0%	11,2 M €	-14.4%	13,1 M €	+5.2%	12,5 M €	+4.9%	11,9 M €	+5.2%	11,3 M €	+2577%	421,5 k €	+2.8%	409,9 k €	+9.0%	376 k €	+7.7%	349,2 k €	+5.9%	329,9 k €	+7.5%	306,8 k €	-0.7%	308,9 k €	+2.6%	301,1 k €	+192%	103,1 k €	+28.2%	80,4 k €	+49.7%	53,7 k €
Total assets	17,9 M €	-0.0%	17,9 M €	-12.2%	20,3 M €	+6.0%	19,2 M €	+5.6%	18,2 M €	+9.8%	16,5 M €	+260%	4,6 M €	-7.1%	4,9 M €	+0.8%	4,9 M €	+1.0%	4,9 M €	+0.5%	4,8 M €	-0.0%	4,8 M €	+0.2%	4,8 M €	-6.4%	5,1 M €	+5.6%	4,9 M €	+5373%	89,1 k €	+52.0%	58,6 k €
Cash	156,6 k €	-44.7%	283,4 k €	-29.7%	403,4 k €	-65.3%	1,2 M €	+31.3%	886,3 k €	-90.6%	9,5 M €	+4708%	196,9 k €	+397%	39,6 k €	+58.1%	25 k €	-52.2%	52,4 k €	+119%	24 k €	-32.3%	35,4 k €	-2.5%	36,3 k €	-77.6%	162,6 k €	+174%	59,4 k €	+930%	5,8 k €	-57.6%	13,6 k €
Debts	3 M €	-2.8%	3,1 M €	-15.9%	3,7 M €	+17.4%	3,2 M €	+16.5%	2,7 M €	+66.3%	1,6 M €	+209%	529,6 k €	-38.5%	860,8 k €	+2.2%	842,4 k €	+4.1%	809 k €	+1.9%	794,2 k €	-1.5%	806,6 k €	+3.1%	782,3 k €	-29.2%	1,1 M €	+8.1%	1 M €	+11701%	8,7 k €	+77.7%	4,9 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		0,0 ETP	-100%	1,0 ETP	0.0%	1,0 ETP	+233%	0,3 ETP		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 6 ended

Active mandates

Michel Salamon

Director

Active

Sam Salamon

Director

Active

Shanna Salamon

Director

Active

Ended mandates

Sam Salamon

Director · since 01 septembre 2020

Ended

Shanna Salamon

Director · since 01 septembre 2020

Ended

Michel Salamon

Director · since 31 octobre 2008

Ended

Michel Salamon

Manager · since 31 octobre 2008

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/07/2026	30/07/2025	30/08/2024	27/04/2023	30/06/2022	23/07/2021
General meeting	26/06/2026	30/06/2025	30/08/2024	24/04/2023	25/05/2022	30/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	28/07/2026	French	PDF
Abridged model	31/12/2024	30/06/2025	30/07/2025	French	PDF
Abridged model	31/12/2023	30/08/2024	30/08/2024	French	PDF
Abridged model	31/12/2022	24/04/2023	27/04/2023	French	PDF
Abridged model	31/12/2021	25/05/2022	30/06/2022	French	PDF
Abridged model	31/12/2020	30/06/2021	23/07/2021	French	PDF
Abridged model	31/12/2019	08/09/2020	09/11/2020	French	PDF
Abridged model	31/12/2018	30/09/2019	16/10/2019	French	PDF
Abridged model	31/12/2017	14/08/2018	23/08/2018	French	PDF
Abridged model	31/12/2016	15/08/2017	29/08/2017	French	PDF
Abridged model	31/12/2015	25/05/2016	14/06/2016	French	PDF
Abridged model	31/12/2014	27/05/2015	08/06/2015	French	PDF
Abridged model	31/12/2013	28/05/2014	12/06/2014	French	PDF
Abridged model	31/12/2012	22/05/2013	30/05/2013	French	PDF
Abridged model	31/12/2011	23/05/2012	30/05/2012	French	PDF
Abridged model	31/12/2010	25/05/2011	31/05/2011	French	PDF
Abridged model	31/12/2009	26/05/2010	31/05/2010	French	PDF
Abridged model	31/12/2008	17/06/2009	25/06/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	31/07/2008	French	PDF
Abridged model	31/12/2006	23/05/2007	29/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 6 ended

Active mandates

Michel Salamon

Director

Active

Sam Salamon

Director

Active

Shanna Salamon

Director

Active

Ended mandates

Sam Salamon

Director · since 01 septembre 2020

Ended

Shanna Salamon

Director · since 01 septembre 2020

Ended

Michel Salamon

Director · since 31 octobre 2008

Ended

Michel Salamon

Manager · since 31 octobre 2008

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/04/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates03/03/2021
DEMISSIONS, NOMINATIONS
PDF
Capital / shares18/01/2017
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Restructuring12/10/2016
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates17/11/2008
DEMISSIONS, NOMINATIONS
PDF
Registered office17/11/2008
déplacement siège social
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-90 k €↑
2024
Annual accounts 2024-283,6 k €↓
2023
Annual accounts 2023144,8 k €↑
2022
Annual accounts 2022-52,5 k €↓
2021
Annual accounts 202183,2 k €↓
2018
Annual accounts 201810,9 M €↑
2017
Annual accounts 2017279,3 k €↑
2015
Annual accounts 201533,9 k €↑
2014
Annual accounts 201426,8 k €↑
2013
Annual accounts 201319,3 k €↓
2012
Annual accounts 201223 k €↑
2011
Annual accounts 2011-2 k €↓
2010
Annual accounts 20107,7 k €↓
2009
Annual accounts 2009198 k €↑
2008
Annual accounts 200822,7 k €↓
2007
Annual accounts 200726,7 k €↑
2006
Annual accounts 200619,7 k €
20/10/1993
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

GYAC

Overview

What does GYAC do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline