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D-GLAS

Active
Private limited companyfounded 200620 yrs activeHeerweg 7, 8400 Oostende, BelgiumKBO/BCE: BE 0882.777.994
Summary

D-GLAS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€183,194) and a net result of -€1.8m. Equity is growing by ~7% per year across the filed fiscal years. Its solvency ranks better than 8% of 2076 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability6▼-13
Solvency24▼-10
Growth22▼-14
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.85 against 2.5 in 2024; short-term debt: 17.9% and cash: 2.2% of total assets), but equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 20 years 0 30 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-1.3%
Return on assets
-12.3%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€183,194
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
31 d late
2024
15 d early
2023
13 d early
2022
18 d early
2021
17 d early
2020
29 d early
2019
38 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 16 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

D-GLAS was incorporated on 31 July 2006.1 Since 2025, Ingelbeen BV has served as director of the company.2 Revenue fell from EUR 14 million in 2023 to EUR 10 million in 2025 and headcount from 27.6 full-time equivalents in 2018 to 45.5 in 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 30-03-2026
  3. 3National Bank, annual accounts 2018, 2023 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€10.4m▼ 18.1%
2024 · €12.7m
EBIT margin
-14.7%▼ 7.6pp
2024 · -7.1%
Net result
-€1.8m▼ 51.4%
2024 · -€1.2m
Working capital
€2.2m▼ 45.3%
2024 · €4.0m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€13.9m€12.7m▼ 8.8%€10.4m▼ 18.1%
Operating result€312,777▼ 46.9%€121,570▼ 61.1%€324,741▲ 167%-€899,088-€1.5m▼ 70.0%
Net result€251,204above the sector's middle half▼ 49.8%€13,320within the sector's middle half▼ 94.7%€192,861above the sector's middle half▲ 1,348%-€1.2mbelow the sector's middle half-€1.8mbelow the sector's middle half▼ 51.4%
EBIT margin2.3%-7.1%▼ 9.4pp-14.7%▼ 7.6pp
Equity€2.5mabove the sector's middle half▲ 11.4%€2.6mabove the sector's middle half▲ 4.8%€2.8mabove the sector's middle half▲ 7.5%€1.6mabove the sector's middle half▼ 42.4%-€183,194below the sector's middle half
Total assets€11.0mabove the sector's middle half▲ 39.4%€12.0mabove the sector's middle half▲ 9.4%€17.0mabove the sector's middle half▲ 41.1%€17.3mabove the sector's middle half▲ 1.8%€14.5mabove the sector's middle half▼ 16.2%
Debt€8.5m▲ 51.1%€9.4m▲ 10.9%€14.1m▲ 50.7%€15.6m▲ 10.5%€14.6m▼ 6.6%
Working capital€1.2mabove the sector's middle half▲ 23.3%€2.2mabove the sector's middle half▲ 80.6%€3.4mabove the sector's middle half▲ 53.6%€4.0mabove the sector's middle half▲ 17.4%€2.2mabove the sector's middle half▼ 45.3%
Solvency22.3%within the sector's middle half▼ 5.6pp21.3%below the sector's middle half▼ 0.9pp16.3%below the sector's middle half▼ 5.1pp9.2%below the sector's middle half▼ 7.1pp-1.3%below the sector's middle half▼ 10.5pp
Current ratio1.38within the sector's middle half▲ 0.031.66within the sector's middle half▲ 0.281.84within the sector's middle half▲ 0.182.50within the sector's middle half▲ 0.661.85within the sector's middle half▼ 0.65
Return on assets (ROA)2.3%within the sector's middle half▼ 4.1pp0.1%below the sector's middle half▼ 2.2pp1.1%within the sector's middle half▲ 1.0pp-6.8%below the sector's middle half▼ 7.9pp-12.3%below the sector's middle half▼ 5.5pp
Staff (FTE)34.7above the sector's middle half▲ 11.9%38.2above the sector's middle half▲ 10.1%46.9above the sector's middle half▲ 22.8%47.5above the sector's middle half▲ 1.3%45.5above the sector's middle half▼ 4.2%
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
  • 2023 Net result +1,348% on 2022. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
-€2.0m-€1.0m€0Operating result 2021: €312,777€312,777Net result 2021: €251,204€251,204Operating result 2022: €121,570€121,570Net result 2022: €13,320€13,320Operating result 2023: €324,741€324,741Net result 2023: €192,861€192,861Operating result 2024: -€899,088-€899,088Net result 2024: -€1.2m-€1.2mOperating result 2025: -€1.5m-€1.5mNet result 2025: -€1.8m-€1.8m20212022202320242025-€2m-€1m€0Operating result 2023: €324,741€325,000Net result 2023: €192,861€193,000Operating result 2024: -€899,088-€899,000Net result 2024: -€1.2m-€1.2mOperating result 2025: -€1.5m-€1.5mNet result 2025: -€1.8m-€1.8m202320242025
The operating result stays negative: a loss of €1.5m in 2025 against €899,088 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14.5m
Fixed assets €9.7m ▼ 8.3%
Current assets €4.8m ▼ 28.7%
Key figures and ratios
2025 value · change against 2024
EBITDA
-€233,976▼
2024 · €163,127
Cash flow
-€479,477▼
2024 · -€109,525
Quick ratio
0.83▼
2024 · 1.25
Debt to equity
-79.62▼
2024 · 9.81
Interest coverage
-0.99▼
2024 · 0.68
Debt ≤ 1 year
€2.6m▼
2024 · €2.7m
Debt > 1 year
€12.0m▼
2024 · €12.9m
Income taxes
€3,393▲
2024 · €2,360
Staff costs
€3.4m▼
2024 · €3.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 678 companies that looked in July 2024 the way this one looks now, 6.8% went bankrupt within 24 months and 85% are still going.

  • Small
  • 20 years or older
  • negative equity
  • a loss of 10% of the balance sheet or more
6.8% went bankrupt
6.2% stopped otherwise
85% still going

A further 2.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 678 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 80 lines
Balance sheet Code20242025
Assets
Total assets20/58€17.3m€14.5m▼
Fixed assets21/28€10.5m€9.7m▼
Tangible fixed assets22/27€10.5m€9.7m▼
Land and buildings22€7.3m€7.3m▼
Plant, machinery and equipment23€2.1m€1.5m▼
Furniture and vehicles24€1.1m€921,496▼
Other tangible fixed assets26€23,501€16,588▼
Financial fixed assets28€6,365€6,065▼
Other financial fixed assets284/8€6,365€6,065▼
Amounts receivable and cash guarantees285/8€6,365€6,065▼
Current assets29/58€6.7m€4.8m▼
Stocks and contracts in progress3€3.4m€2.7m▼
Stocks30/36€2.1m€1.6m▼
Goods purchased for resale34€2.1m€1.6m▼
Contracts in progress37€1.2m€1.0m▼
Amounts receivable within one year40/41€2.7m€1.8m▼
Trade receivables40€2.5m€1.6m▼
Other amounts receivable41€212,288€213,725▲
Cash at bank and in hand54/58€684,577€325,270▼
Deferred charges and accrued income490/1€7,269€63,496▲
Equity and liabilities
Total equity and liabilities10/49€17.3m€14.5m▼
Equity10/15€1.6m-€183,194▼
Contributions10/11€20,000€20,000=
Revaluation surpluses12€123,865€123,865=
Reserves13€1.4m€314,049▼
Tax-exempt reserves132€323,379€314,049▼
Distributable reserves133€1.1m-
Profit (loss) carried forward14--€641,109
Provisions and deferred taxes16€83,972€80,862▼
Deferred taxes168€83,972€80,862▼
Amounts payable17/49€15.6m€14.6m▼
Amounts payable after more than one year17€12.9m€12.0m▼
Financial debts170/4€7.1m€6.1m▼
Credit institutions173€7.1m€6.1m▼
Other amounts payable178/9€5.8m€5.8m=
Amounts payable within one year42/48€2.7m€2.6m▼
Current portion of amounts payable after more than one year42€1.0m€933,132▼
Trade debts44€1.3m€1.4m▲
Suppliers440/4€1.3m€1.4m▲
Advances received on contracts in progress46€44,758€14,810▼
Taxes, remuneration and social security45€345,900€281,104▼
Taxes450/3€40,976€20,957▼
Remuneration and social security454/9€304,924€260,147▼
Other amounts payable47/48€165-
Accrued charges and deferred income492/3€4,000€10,166▲
Income statement Code20242025
Operating income70/76A€12.5m€10.5m▼
Turnover70€12.7m€10.4m▼
Change in stocks of work in progress, finished goods and contracts in progress71-€433,993-€217,513▲
Other operating income74€217,738€217,716=
Non-recurring operating income76A€4,079€149,101▲
Operating charges60/66A€13.4m€12.1m▼
Goods for resale, raw materials and consumables60€6.6m€5.5m▼
Purchases600/8€6.5m€5.0m▼
Change in stocks: decrease (increase)609€64,921€487,774▲
Services and other goods61€2.3m€1.8m▼
Remuneration, social security and pensions62€3.4m€3.4m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.1m€1.3m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€65,417
Other operating charges640/8€60,791€39,870▼
Non-recurring operating charges66A€15,051€3,891▼
Operating profit (loss)9901-€899,088-€1.5m▼
Financial income75/76B€614€384▼
Recurring financial income75€614€384▼
Income from current assets751€374-
Other financial income752/9€240€384▲
Financial charges65/66B€274,016€245,603▼
Recurring financial charges65€274,016€245,603▼
Debt charges650€241,436€235,671▼
Other financial charges652/9€32,580€9,932▼
Profit (loss) for the period before taxes9903-€1.2m-€1.8m▼
Transfer from deferred taxes780€3,110€3,110=
Income taxes67/77€2,360€3,393▲
Taxes670/3€2,360€3,393▲
Profit (loss) for the period9904-€1.2m-€1.8m▼
Transfer from tax-exempt reserves789€9,330€9,330=
Profit (loss) for the period to be appropriated9905-€1.2m-€1.8m▼
Appropriation of the result
Profit (loss) to be appropriated9906-€1.2m-€1.8m▼
Transfer from equity791/2€1.2m€1.1m▼
From reserves792€1.2m€1.1m▼
Social balance
Average headcount (FTE)908747.545.5▼

The notes to these accounts (80 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A--€15.0m€12.5m€10.5m▼ 15.6%
Turnover70--€13.9m€12.7m€10.4m▼ 18.1%
Change in stocks of work in progress, finished goods and contracts in progress71--€814,746-€433,993-€217,513▲ 49.9%
Other operating income74--€222,508€217,738€217,716=
Non-recurring operating income76A€13,208€7,854€32,312€4,079€149,101▲ 3,555%
Operating charges60/66A--€14.7m€13.4m€12.1m▼ 9.8%
Goods for resale, raw materials and consumables60--€8.4m€6.6m€5.5m▼ 16.4%
Purchases600/8--€8.6m€6.5m€5.0m▼ 23.0%
Change in stocks: decrease (increase)609---€176,238€64,921€487,774▲ 651%
Services and other goods61--€2.1m€2.3m€1.8m▼ 21.4%
Remuneration, social security and pensions62€2.2m€2.4m€3.1m€3.4m€3.4m▼ 0.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€702,444€700,002€933,955€1.1m€1.3m▲ 21.9%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€47,396-€51,035€37,309-€65,417-
Other operating charges640/8€50,509€106,962€69,927€60,791€39,870▼ 34.4%
Non-recurring operating charges66A€10,536€1,835€4,883€15,051€3,891▼ 74.1%
Gross operating margin9900€3.4m€3.3m----
Operating profit (loss)9901€312,777€121,570€324,741-€899,088-€1.5m▼ 70.0%
Financial income75/76B€37,576€50€3,560€614€384▼ 37.5%
Recurring financial income75€37,576€50€3,560€614€384▼ 37.5%
Income from current assets751--€150€374--
Other financial income752/9--€3,410€240€384▲ 59.9%
Financial charges65/66B€100,906€110,099€136,694€274,016€245,603▼ 10.4%
Recurring financial charges65€100,906€110,099€136,694€274,016€245,603▼ 10.4%
Debt charges650--€106,064€241,436€235,671▼ 2.4%
Other financial charges652/9--€30,631€32,580€9,932▼ 69.5%
Profit (loss) for the period before taxes9903€249,447€11,521€191,606-€1.2m-€1.8m▼ 51.3%
Transfer from deferred taxes780€3,110€3,110€3,110€3,110€3,110=
Income taxes67/77€1,354€1,311€1,855€2,360€3,393▲ 43.7%
Taxes670/3--€1,855€2,360€3,393▲ 43.7%
Profit (loss) for the period9904€251,204€13,320€192,861-€1.2m-€1.8m▼ 51.4%
Transfer from tax-exempt reserves789€9,330€9,330€9,330€9,330€9,330=
Profit (loss) for the period to be appropriated9905€260,534€22,651€202,192-€1.2m-€1.8m▼ 51.8%
Line20212022202320242025Change
Assets
Total assets20/58€11.0m€12.0m€17.0m€17.3m€14.5m▼ 16.2%
Fixed assets21/28€6.5m€6.4m€9.4m€10.5m€9.7m▼ 8.3%
Tangible fixed assets22/27€6.5m€6.4m€9.4m€10.5m€9.7m▼ 8.3%
Land and buildings22€4.3m€4.4m€5.2m€7.3m€7.3m▼ 0.7%
Plant, machinery and equipment23€1.4m€1.2m€1.5m€2.1m€1.5m▼ 29.1%
Furniture and vehicles24€565,195€685,798€733,477€1.1m€921,496▼ 18.9%
Leasing and similar rights25€223,137€125,550€50,207---
Other tangible fixed assets26€26,563€37,328€30,415€23,501€16,588▼ 29.4%
Assets under construction and advance payments27--€2.0m---
Financial fixed assets28€3,673€3,673€6,323€6,365€6,065▼ 4.7%
Other financial fixed assets284/8--€6,323€6,365€6,065▼ 4.7%
Amounts receivable and cash guarantees285/8--€6,323€6,365€6,065▼ 4.7%
Current assets29/58€4.5m€5.7m€7.5m€6.7m€4.8m▼ 28.7%
Stocks and contracts in progress3€2.0m€2.9m€3.9m€3.4m€2.7m▼ 21.0%
Stocks30/36€1.3m€2.0m€2.2m€2.1m€1.6m▼ 23.1%
Goods purchased for resale34--€2.2m€2.1m€1.6m▼ 23.1%
Contracts in progress37€767,581€861,914€1.7m€1.2m€1.0m▼ 17.5%
Amounts receivable within one year40/41€2.0m€2.4m€3.3m€2.7m€1.8m▼ 34.3%
Trade receivables40€1.7m€2.1m€3.0m€2.5m€1.6m▼ 37.3%
Other amounts receivable41€256,754€318,868€299,293€212,288€213,725▲ 0.7%
Cash at bank and in hand54/58€491,064€342,220€425,682€684,577€325,270▼ 52.5%
Deferred charges and accrued income490/1€14,025€13,967€15,820€7,269€63,496▲ 774%
Equity and liabilities
Total equity and liabilities10/49€11.0m€12.0m€17.0m€17.3m€14.5m▼ 16.2%
Equity10/15€2.5m€2.6m€2.8m€1.6m-€183,194▼ 112%
Contributions10/11€20,000€20,000€20,000€20,000€20,000=
Revaluation surpluses12€20,524€123,865€123,865€123,865€123,865=
Reserves13€2.4m€2.4m€2.6m€1.4m€314,049▼ 78.3%
Non-distributable reserves130/1€2,000€2,000----
Reserves not available under the articles1311€2,000€2,000----
Tax-exempt reserves132€351,370€342,040€332,710€323,379€314,049▼ 2.9%
Distributable reserves133€2.1m€2.1m€2.3m€1.1m--
Profit (loss) carried forward14-----€641,109-
Provisions and deferred taxes16€93,303€90,192€87,082€83,972€80,862▼ 3.7%
Deferred taxes168€93,303€90,192€87,082€83,972€80,862▼ 3.7%
Amounts payable17/49€8.5m€9.4m€14.1m€15.6m€14.6m▼ 6.6%
Amounts payable after more than one year17€5.2m€5.9m€10.0m€12.9m€12.0m▼ 7.2%
Financial debts170/4€4.4m€3.9m€6.1m€7.1m€6.1m▼ 13.2%
Leasing and similar obligations172--€25,103---
Credit institutions173--€6.1m€7.1m€6.1m▼ 13.2%
Other amounts payable178/9€710,000€2.0m€3.9m€5.8m€5.8m=
Amounts payable within one year42/48€3.3m€3.4m€4.1m€2.7m€2.6m▼ 3.8%
Current portion of amounts payable after more than one year42€767,675€697,335€905,065€1.0m€933,132▼ 8.6%
Financial debts43€570,000€570,000€70,000---
Credit institutions430/8€570,000€570,000€70,000---
Trade debts44€1.7m€1.9m€2.8m€1.3m€1.4m▲ 6.3%
Suppliers440/4€1.7m€1.9m€2.8m€1.3m€1.4m▲ 6.3%
Advances received on contracts in progress46---€44,758€14,810▼ 66.9%
Taxes, remuneration and social security45€244,841€271,713€336,240€345,900€281,104▼ 18.7%
Taxes450/3€45,478€40,385€41,934€40,976€20,957▼ 48.9%
Remuneration and social security454/9€199,362€231,328€294,306€304,924€260,147▼ 14.7%
Other amounts payable47/48-€1,170€165€165--
Accrued charges and deferred income492/3€19,339€7,707€9,319€4,000€10,166▲ 154%
Line20212022202320242025Change
Profit (loss) for the period9904€251,204€13,320€192,861-€1.2m-€1.8m▼ 51.4%
+ Depreciation and write-downs630€702,444€700,002€933,955€1.1m€1.3m▲ 21.9%
Operating cash flow (approximation)€953,648€713,322€1.1m-€109,525-€479,477▼ 338%
Investment in fixed assets (approximation)--€593,374-€4.0m-€2.2m-€421,510▲ 80.6%
Change in cash--€148,844€83,462€258,895-€359,307▼ 239%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
02-09
State Gazette act Miscellaneous
Capital contribution · Declaration · Power of attorney5 facts ▸
  • General meeting, 27-08-2026
  • Capital contribution, €2.000.000
  • Declaration, geen creatie en uitgifte van nieuwe aandelen, 0
  • Capital contribution, €2.000.000
  • Power of attorney, VM FISK
31-08
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 31 days late
30-03
State Gazette act Resignation: Koutermolen NV (director)
Permanent representatives: Willy Naessens, Dennis Ingelbeen and 2 others · Appointments: Ingelbeen BV (director) and A&C Bedrijfsrevisor BV (statutory auditor) · Mandate compensation12 facts ▸
  • General meeting, 20/06/2025
  • Director resignation, Koutermolen NV (director)
  • Permanent representative, Willy Naessens
  • Director appointment, Ingelbeen BV (director)
  • Permanent representative, Dennis Ingelbeen
  • Mandate compensation, Ingelbeen BV
  • General meeting, 24/02/2026
  • Auditor appointment, A&C Bedrijfsrevisor BV (statutory auditor)
  • Permanent representative, De Clercq Bert
  • Mandate compensation, A&C Bedrijfsrevisor BV
  • Power of attorney, BV RAMBOER-STEEN
  • Permanent representative, Birger Ramboer
2025
31-12
Financial Weakest financial yearnet -€1.8m
Net result drops to -€1.8m, the lowest in the series.
16-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
18-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
13-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
02-07
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial Highest result since 2018net €500,607 ▲30.3%
Net result €500,607, the highest in the series.
31-12
Financial Equity above €2mEq €2.2m ▲29.4%
3 profitable years in a row build equity to €2.2m.
23-06
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
02-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-07
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 9 acts read
About the unread acts

Of the 9 Belgian State Gazette acts we know for this company, 2 have been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 director, last change in 2025

Board 1

Ingelbeen BV
Director · since 31-03-2025 · Legal entity · perm. rep.: Dennis Ingelbeen
Current

Permanent representatives 1

Dennis Ingelbeen
Permanent representative · since 31-03-2025 · for Ingelbeen BV
Current

Statutory auditor 1

A&C - Bedrijfsrevisor
Statutory auditor · since 30-03-2026 · perm. rep.: De Clercq Bert
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
7 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Oostende · 1 establishment unit since 2007
seat establishment The establishment unit on the map
Ground area
7,068 m²
Building footprint
6,418 m²
Parcel 35391B0680/00H000, Flanders. Linked by address, not a title deed.
1 establishment unit
D-Glas
Heerweg 7, 8400 OostendeNACE 5115004
since 20072.158.543.869
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
35391B0680/00H000 Flanders 7,068 m² 1 · 6,418 m² -
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

3 people since 2025, 2 in office
Show
  • Board
  • Statutory auditor
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Ingelbeen BV
  • Director, from 31-03-2025 to date
A&C - Bedrijfsrevisor
  • Statutory auditor, from 30-03-2026 to date
Koutermolen NV
  • Director, until 31-03-2025
See the board, name and seat on a given date →

Structure & network

Part of the group Koutermolen 46 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. Koutermolen 100%
  2. WILLY NAESSENS BUILD 100%
  3. D-GLAS

Highest known parent: Koutermolen. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

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Public money · subsidies and aid

Flemish government

2022 to 2024 · 4 entries · 6,946 EUR awarded · 7,052 EUR paid
Year Entries awardedpaid
2024 1 2,990 EUR3,677 EUR
2023 2 2,058 EUR2,170 EUR
2022 1 1,898 EUR1,205 EUR
Schemes
3 entries · 6,605 EUR · 6,711 EUR paid · Fonds voor Innoveren en Ondernemen
1 entry · 341 EUR · 341 EUR paid · Departement Werk en Sociale Economie

Recognitions · licences · registrations

Recognised contractor

1 category
D-GLAS BV43714
category D14, class 1
decision 09-04-2024

Similar companies · same sector, comparable size

Of 489 companies in sector 43343 we hold annual accounts for 294. 156 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded31-07-2006
Fiscal year end31-12
Activities, NACEBEL 2025
43343Specialised construction activities
23130Manufacture of other non-metallic mineral products
43320Joinery installation
46831Wholesale of construction materials, general range
47521Retail sale of hardware, building materials, paint and glass (general range)
E-invoicing
Reachable via Peppol
Peppol ID 0208:0882777994
Also 9925:BE0882777994
Registered 27-11-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.