BELGOGLASS
ActiveBELGOGLASS has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €345k and a net result of €15k. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 17% of 4852 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability54▼-2
Solvency40▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity tight (current ratio 1.09 against 1.09 in 2024; short-term debt: 66.6% and cash: 16.2% of total assets), and 85.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
14.8%
Return on assets
0.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 4852 sector peers (2025).
NBB · sector comparisonPosition among 4852 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
31 d late
2023
on the day
2022
2 d late
2021
on the day
2020
31 d late
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€15k▲ 31.5%
2024 · €11k
2018: €299k
2019: €378k
2020: €262k
2021: €76k
2022: €423k
2023: €11k
2024: €11k
2018 → 2025
Working capital
€146k▼ 13.1%
2024 · €167k
2018: €9k
2019: €205k
2020: €331k
2021: €368k
2022: €515k
2023: €330k
2024: €167k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€268k-€342k▲ 27.5%€345k▲ 0.7%€340k▼ 1.4%€345k▲ 1.4%
Operating result€121k-€509k▲ 319%€45k▼ 91.1%€68k▲ 49.2%€70k▲ 3.7%
Net result€76k-€423k▲ 457%€11k▼ 97.4%€11k▲ 2.5%€15k▲ 31.5%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 4% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.33M
Fixed assets
€633k▼ 16.4%
Current assets
€1.70M▼ 17.8%
Equity and liabilities €2.33M
Equity
€345k▲ 1.4%
Debt
€1.98M▼ 20.0%
The debt ratio falls from 88.0% to 85.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€221k▲
2024 · €220k
Cash flow
€165k▲
2024 · €163k
Solvency
14.8%▲
2024 · 12.0%
Current ratio
1.09▲
2024 · 1.09
Quick ratio
0.98▲
2024 · 0.93
Debt / equity
5.76▼
2024 · 7.30
ROE
4.2%▲
2024 · 3.3%
ROA
0.6%▲
2024 · 0.4%
Interest coverage
4.13▼
2024 · 4.41
Debt
€1.98M▼
2024 · €2.48M
Debt ≤ 1 year
€1.55M▼
2024 · €1.90M
Debt > 1 year
€434k▼
2024 · €585k
Income taxes
€2k▼
2024 · €10k
Staff costs
€1.10M▼
2024 · €1.12M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.82M€2.33M▼
Fixed assets21/28€757k€633k▼
Tangible fixed assets22/27€740k€616k▼
Plant, machinery and equipment23€262k€239k▼
Furniture and vehicles24€302k€240k▼
Other tangible fixed assets26€176k€136k▼
Financial fixed assets28€18k€18k=
Current assets29/58€2.06M€1.70M▼
Stocks and contracts in progress3€297k€170k▼
Stocks30/36€297k€170k▼
Amounts receivable within one year40/41€1.39M€1.13M▼
Trade receivables40€1.29M€1.10M▼
Other amounts receivable41€96k€32k▼
Cash at bank and in hand54/58€365k€378k▲
Deferred charges and accrued income490/1€12k€15k▲
Equity and liabilities
Total equity and liabilities10/49€2.82M€2.33M▼
Equity10/15€340k€345k▲
Contributions10/11€86k€86k=
Capital10€86k€86k=
Issued capital100€86k€86k=
Reserves13€27k€27k=
Non-distributable reserves130/1€9k€9k=
Legal reserve130€9k€9k=
Tax-exempt reserves132€19k€19k=
Profit (loss) carried forward14€226k€231k▲
Amounts payable17/49€2.48M€1.98M▼
Amounts payable after more than one year17€585k€434k▼
Financial debts170/4€585k€434k▼
Amounts payable within one year42/48€1.90M€1.55M▼
Current portion of amounts payable after more than one year42€197k€183k▼
Financial debts43€350k€350k=
Credit institutions430/8€350k€350k=
Trade debts44€1.22M€806k▼
Suppliers440/4€1.22M€806k▼
Taxes, remuneration and social security45€130k€97k▼
Taxes450/3€10k€8k▼
Remuneration and social security454/9€120k€89k▼
Other amounts payable47/48-€115k
Income statement
Code20242025
Non-recurring operating income76A€29k€5k▼
Remuneration, social security and pensions62€1.12M€1.10M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€152k€151k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-52k€27k▲
Other operating charges640/8€12k€16k▲
Non-recurring operating charges66A-€8k
Gross operating margin9900€1.30M€1.37M▲
Operating profit (loss)9901€68k€70k▲
Financial income75/76B€3k€212▼
Recurring financial income75€3k€212▼
Financial charges65/66B€50k€54k▲
Recurring financial charges65€50k€54k▲
Profit (loss) for the period before taxes9903€21k€17k▼
Income taxes67/77€10k€2k▼
Profit (loss) for the period9904€11k€15k▲
Profit (loss) for the period to be appropriated9905€11k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€242k€241k▼
Profit (loss) brought forward from the previous period14P€231k€226k▼
Profit to be distributed694/7€16k€10k▼
Employees696€16k€10k▼
Social balance
Average headcount (FTE)908718.316.3▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 31 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €11k ▼97.4%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 2 days late
2022
31-12
Financial
Highest result since 2018net €423k ▲457%
Operating result €509k, net result €423k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €200kEq €226k ▲39%
2 profitable years in a row build equity to €226k.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Remicourt · 1 establishment unit since 2005
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Chaussée Verte(MOM) 144350 RemicourtGround area
5,673 m²
Building footprint
104 m²
Volume, LiDAR
652 m³
Parcel 64050D0127/00L000, Wallonia · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BELGOGLASS
since 20052.146.876.848
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64050D0127/00L000 | Wallonia | 5,673 m² | 1 · 104 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
1 categoryBELGOGLASS SRL35548
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Of 28 companies in sector 46834 we hold annual accounts for 15. 11 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded04-04-2005
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
46834Wholesale trade
43343Specialised construction activities
46441Wholesale trade
47553Retail trade
47593Retail trade
62020IT consultancy
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.