ACTIVE

GMAX

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Financial year 2025 · closed on 30/09/2025

Net result

26,9 k €

+13.2% YoY

Gross margin

175,5 k €

-6.1% YoY

Equity

75,5 k €

+55.4% YoY

What does GMAX do?

GMAX is a Private limited company incorporated in 2007. Its main activity is: Restaurants and mobile food service activities. Its registered office is in La Hulpe.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0890.699.134

Incorporation

06/07/2007

Legal form

Private limited company

Registered office

Chaussée de Bruxelles 8A
1310 La Hulpe · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

30/09/2025

Activities (NACE)

56102Restaurants and mobile food service activities· main 56112Restaurants and mobile food service activities 56210Event catering activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	175,5 k €	-6.1%	186,9 k €	+11.4%	167,7 k €	-1.6%	170,5 k €	-28.3%	237,6 k €	+271%	64 k €	+1079%	5,4 k €	+298%	-2,7 k €	-243%	-799,3 €	-101%	55,2 k €	-4.2%	57,7 k €	+368%	12,3 k €	+610%	-2,4 k €	-103%	78,3 k €	-30.7%	113,1 k €	+59.8%	70,8 k €	+236%	21,1 k €	+866%	-2,8 k €
EBITDA	61,8 k €	-13.4%	71,4 k €	+5.8%	67,4 k €	+24.9%	54 k €	-61.1%	138,8 k €	+366%	29,7 k €	+136%	-82,8 k €	-1370%	-5,6 k €	-124%	-2,5 k €	-105%	52,1 k €	-1.3%	52,8 k €	+449%	9,6 k €	+259%	-6 k €	-108%	77,4 k €	-28.3%	108,1 k €	+67.3%	64,6 k €	+287%	16,7 k €	+452%	-4,7 k €
Operating result	42,7 k €	-14.8%	50,1 k €	+7.5%	46,6 k €	+32.0%	35,3 k €	-72.2%	126,9 k €	+407%	25 k €	+130%	-82,8 k €	-203%	-27,3 k €	-11.2%	-24,6 k €	-184%	29,3 k €	-2.3%	30 k €	+328%	-13,2 k €	+56.6%	-30,4 k €	-157%	53,2 k €	-32.7%	79,1 k €	+120%	35,9 k €	+420%	-11,2 k €	+65.4%	-32,5 k €
Net result	26,9 k €	+13.2%	23,8 k €	-38.6%	38,7 k €	+20.4%	32,1 k €	-73.7%	122,2 k €	+425%	23,3 k €	+126%	-91,2 k €	-152%	-36,2 k €	-4.1%	-34,8 k €	-1468%	2,5 k €	-84.4%	16,4 k €	+160%	-27,1 k €	+45.2%	-49,4 k €	-236%	36,5 k €	-39.8%	60,6 k €	+472%	10,6 k €	+129%	-36,5 k €	+25.4%	-48,9 k €
Balance sheet
Equity	75,5 k €	+55.4%	48,6 k €	+95.7%	24,8 k €	+279%	-13,9 k €	+69.9%	-46 k €	+72.7%	-168,2 k €	+12.2%	-191,5 k €	-91.0%	-100,3 k €	-56.6%	-64 k €	-119%	-29,2 k €	+8.0%	-31,8 k €	+34.0%	-48,1 k €	-128%	-21,1 k €	-174%	28,4 k €	+546%	4,4 k €	+108%	-56,2 k €	+29.0%	-79,2 k €	-85.5%	-42,7 k €
Total assets	102,9 k €	+7.0%	96,2 k €	-39.4%	158,6 k €	+34.4%	118 k €	-24.8%	157,1 k €	+75.1%	89,7 k €	+784%	10,1 k €	-97.6%	421,3 k €	-3.5%	436,5 k €	-5.6%	462,4 k €	-4.8%	485,8 k €	-5.2%	512,6 k €	-3.3%	530,1 k €	-12.8%	608,3 k €	+6.3%	572,4 k €	-10.2%	637,7 k €	-3.4%	659,9 k €	+38.1%	477,7 k €
Cash	26,5 k €	-32.5%	39,2 k €	+3.5%	37,9 k €	+26.0%	30,1 k €	-49.0%	59 k €	+458%	10,6 k €	+1111%	873,1 €	-84.3%	5,6 k €	+244%	1,6 k €	-43.4%	2,9 k €	-64.6%	8,1 k €	-17.5%	9,8 k €		–		5,8 k €	-8.1%	6,3 k €	+3368%	180,5 €	-89.3%	1,7 k €	+238%	502 €
Debts	27,4 k €	-42.4%	47,5 k €	-64.5%	133,8 k €	+1.4%	131,9 k €	-35.0%	203 k €	-21.3%	257,9 k €	+29.0%	200 k €	-61.7%	521,6 k €	+4.3%	499,8 k €	+1.7%	491,6 k €	-5.0%	517,6 k €	-7.7%	560,7 k €	+1.8%	551 k €	-5.0%	579,9 k €	+2.1%	568 k €	-18.1%	693,9 k €	-6.1%	739,1 k €	+42.5%	518,7 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 6 ended

Active mandates

Frédérik BERNA

Director

Active

Philippe DARMSTAEDTER

Director

Active

Ended mandates

Jacques ABRAMS

Manager

Ended

JACQUES ABRAMS

Director

Ended

JACQUES ABRAMS

Administrator - manager

Ended

VALERIA GANGEMI

Director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Abridged model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/04/2026	23/04/2025	21/03/2024	22/03/2023	09/05/2022	25/03/2021
General meeting	16/04/2026	08/04/2025	23/02/2024	24/02/2023	17/03/2022	26/02/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	16/04/2026	30/04/2026	French	PDF
Micro model	30/09/2024	08/04/2025	23/04/2025	French	PDF
Micro model	30/09/2023	23/02/2024	21/03/2024	French	PDF
Micro model	30/09/2022	24/02/2023	22/03/2023	French	PDF
Abridged model	30/09/2021	17/03/2022	09/05/2022	French	PDF
Micro model	30/09/2020	26/02/2021	25/03/2021	French	PDF
Micro model	30/09/2019	28/02/2020	08/05/2020	French	PDF
Micro model	30/09/2018	22/02/2019	31/05/2019	French	PDF
Micro model	30/09/2017	23/02/2018	25/05/2018	French	PDF
Abridged model	30/09/2016	24/02/2017	19/05/2017	French	PDF
Abridged model	30/09/2015	26/02/2016	30/05/2016	French	PDF
Abridged model	30/09/2014	27/02/2015	22/04/2015	French	PDF
Abridged model	30/09/2013	28/02/2014	26/05/2014	French	PDF
Abridged model	30/09/2012	22/02/2013	30/05/2013	French	PDF
Abridged model	30/09/2011	24/02/2012	30/05/2012	French	PDF
Abridged model	30/09/2010	25/02/2011	21/04/2011	French	PDF
Abridged model	30/09/2009	26/02/2010	29/04/2010	French	PDF
Abridged model	30/09/2008	27/02/2009	31/03/2009	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 30/09/2025 · 2 active · 6 ended

Active mandates

Frédérik BERNA

Director

Active

Philippe DARMSTAEDTER

Director

Active

Ended mandates

Jacques ABRAMS

Manager

Ended

JACQUES ABRAMS

Director

Ended

JACQUES ABRAMS

Administrator - manager

Ended

VALERIA GANGEMI

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/01/2026
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates03/06/2022
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates18/12/2019
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates31/12/2012
DEMISSIONS, NOMINATIONS
PDF
Other18/07/2007
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 202526,9 k €↑
2024
Annual accounts 202423,8 k €↓
2023
Annual accounts 202338,7 k €↑
2022
Annual accounts 202232,1 k €↓
2021
Annual accounts 2021122,2 k €↑
2020
Annual accounts 202023,3 k €↑
2019
Annual accounts 2019-91,2 k €↓
2018
Annual accounts 2018-36,2 k €↓
2017
Annual accounts 2017-34,8 k €↓
2016
Annual accounts 20162,5 k €↓
2015
Annual accounts 201516,4 k €↑
2014
Annual accounts 2014-27,1 k €↑
2013
Annual accounts 2013-49,4 k €↓
2012
Annual accounts 201236,5 k €↓
2011
Annual accounts 201160,6 k €↑
2010
Annual accounts 201010,6 k €↑
2009
Annual accounts 2009-36,5 k €↑
2008
Annual accounts 2008-48,9 k €
06/07/2007
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

GMAX

Overview

What does GMAX do?

Trend over 18 financial years

Indicative valuation

Board of directors

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