ACTIVE

GIFRAM

Financial year 2025 · closed on 31/12/2025
Net result
47,1 k €
-57.4% YoY
Gross margin
-8,2 k €
-0.1% YoY
Equity
-1,4 M €
+3.3% YoY

What does GIFRAM do?

GIFRAM is a Public limited company incorporated in 1995. Its main activity is: General secondary education. Its registered office is in Tournai.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0456.725.191
Incorporation
05/12/1995
Legal form
Public limited company
Registered office
Rue de la Terre à Briques(MAR) 29 box E
7522 Tournai · WallonieSee on map
Contributed capital
22 500 000,00 €
Latest accounts
31/12/2025
Signals
ProfitablePositive cashflow
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212018201720162015201420132012201120102009200820072006
Income statement
Gross margin-8,2 k €-8,2 k €-10,2 k €-7,5 k €-39,4 k €-50,5 k €-4,7 k €-4,8 k €-18,4 k €-7,3 k €-4,9 k €23,9 k €-5,8 k €-6,3 k €385,5 k €406,1 k €
EBITDA-10,5 k €-18,1 k €-55 k €-135,8 k €-15,4 k €-15,6 k €-47,3 k €-51,5 k €-4,8 k €-5,1 k €-36,3 k €-14,8 k €-11,1 k €20,9 k €-8,7 k €-7,8 k €-1 M €323,4 k €
Operating result-10,5 k €-18,1 k €-55 k €-135,8 k €-15,4 k €-15,6 k €-47,3 k €-71,2 k €-4,8 k €-5,1 k €-36,3 k €-14,8 k €-11,1 k €20,9 k €-8,7 k €-7,8 k €-1 M €-75,2 k €
Net result47,1 k €110,6 k €198,5 k €238 k €368,4 k €-496 k €-20,3 k €-56,6 k €-43,5 k €14 k €2,6 M €33,5 k €28,1 k €39,2 k €108,6 k €-8,3 k €-1,2 M €-223 k €
Balance sheet
Equity-1,4 M €-1,4 M €-1,6 M €-1,8 M €-2 M €21,9 M €22,4 M €22,4 M €22,5 M €22,5 M €22,5 M €427,8 k €394,3 k €366,2 k €327,1 k €218,5 k €226,8 k €1,5 M €
Total assets4,9 M €7,9 M €8,1 M €7,9 M €7,6 M €32,6 M €33 M €30,6 M €31,7 M €30,7 M €30,7 M €8,3 M €8,2 M €8,2 M €6 M €5,9 M €3,5 M €4,8 M €
Cash480,2 k €149,8 k €3,5 M €2,8 M €2 M €2,6 M €2,6 M €2,9 M €4,5 M €6,2 M €5,6 M €90,2 k €57,1 k €28,7 k €13,4 k €4,3 k €806,6 k €168,3 k €
Debts6,3 M €9,3 M €9,6 M €9,6 M €9,6 M €10,7 M €10,6 M €8,2 M €9,2 M €8,2 M €8,2 M €7,8 M €7,8 M €7,8 M €5,7 M €5,7 M €3,3 M €3,3 M €
Other
Workforce0,0 ETP0,0 ETP
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 21 ended

Active mandates

MUTATIS

Managing director · 0881.733.067

Represented by Pierre Dessaint

Active
Nicolas Mulliez

Managing director

Active

Ended mandates

MUTATIS

Managing director · since 28 septembre 2022 · 0881.733.067

Represented by Pierre Dessaint

Ended
Nicolas Mulliez

Chairman of the board of directors · since 28 septembre 2022

Ended
KEROLD

Director · since 13 juin 2019 · until 30 mai 2025 · 0898.179.814

Represented by Dessaint Pierre

Ended
Régis Mulliez

Director · since 13 juin 2019 · until 30 mai 2025

Ended
At this address

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ASTORIA PRODUCTIONBankrupt
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BARTHYActive
0898.957.594
BEITHIMAActive
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BELCARActive
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CabexActive
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CAPDEVILLEActive
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CONNEXION.Active
0793.736.944
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/05/202604/07/202524/07/202424/07/202329/07/202213/07/2021
General meeting29/05/202606/06/202527/06/202429/06/202313/07/202222/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202529/05/202629/05/2026FrenchPDF
Abridged model31/12/202406/06/202504/07/2025FrenchPDF
Abridged model31/12/202327/06/202424/07/2024FrenchPDF
Full model31/12/202229/06/202324/07/2023FrenchPDF
Full model31/12/202113/07/202229/07/2022FrenchPDF
Full model31/12/202022/06/202113/07/2021FrenchPDF
Full model31/12/201920/07/202031/07/2020FrenchPDF
Abridged model31/12/201813/06/201912/07/2019FrenchPDF
Abridged model31/12/201714/06/201813/07/2018FrenchPDF
Abridged model31/12/201607/06/201707/07/2017FrenchPDF
Abridged model31/12/201527/05/201631/08/2016FrenchPDF
Abridged model31/12/201429/05/201531/08/2015FrenchPDF
Abridged model31/12/201330/05/201425/08/2014FrenchPDF
Abridged model31/12/201224/05/201326/08/2013FrenchPDF
Abridged model31/12/201125/05/201228/08/2012FrenchPDF
Abridged model31/12/201027/05/201120/07/2011FrenchPDF
Abridged model31/12/200928/05/201030/08/2010FrenchPDF
Abridged model31/12/200829/05/200927/08/2009FrenchPDF
Abridged model31/12/200730/05/200829/08/2008FrenchPDF
Abridged model31/12/200629/05/200703/07/2007FrenchPDF
Estimate

Indicative valuation

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 · 2 active · 21 ended

Active mandates

MUTATIS

Managing director · 0881.733.067

Represented by Pierre Dessaint

Active
Nicolas Mulliez

Managing director

Active

Ended mandates

MUTATIS

Managing director · since 28 septembre 2022 · 0881.733.067

Represented by Pierre Dessaint

Ended
Nicolas Mulliez

Chairman of the board of directors · since 28 septembre 2022

Ended
KEROLD

Director · since 13 juin 2019 · until 30 mai 2025 · 0898.179.814

Represented by Dessaint Pierre

Ended
Régis Mulliez

Director · since 13 juin 2019 · until 30 mai 2025

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates07/11/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/03/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates27/09/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates21/08/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates02/12/2016
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates18/02/2016
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates13/01/2014
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Registered office25/02/2011
    SIEGE SOCIAL - ASSEMBLEE GENERALE
    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

Timeline

  1. 2025
    Annual accounts 202547,1 k €
  2. 2024
    Annual accounts 2024110,6 k €
  3. 2023
    Annual accounts 2023198,5 k €
  4. 2022
    Annual accounts 2022238 k €
  5. 2021
    Annual accounts 2021368,4 k €
  6. 2018
    Annual accounts 2018-496 k €
  7. 2017
    Annual accounts 2017-20,3 k €
  8. 2016
    Annual accounts 2016-56,6 k €
  9. 2015
    Annual accounts 2015-43,5 k €
  10. 2014
    Annual accounts 201414 k €
  11. 2013
    Annual accounts 20132,6 M €
  12. 2012
    Annual accounts 201233,5 k €
  13. 2011
    Annual accounts 201128,1 k €
  14. 2010
    Annual accounts 201039,2 k €
  15. 2009
    Annual accounts 2009108,6 k €
  16. 2008
    Annual accounts 2008-8,3 k €
  17. 2007
    Annual accounts 2007-1,2 M €
  18. 2006
    Annual accounts 2006-223 k €
  19. 05/12/1995
    IncorporationPublic limited company