D-GLAS
ActiveSummary
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).
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Signals
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)
History
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Financials · fiscal year 2025, full schema
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.
- 2023 Net result +1,348% on 2022. The accounts now follow the full schema, last year the abbreviated schema.
Peer companies
Historical observationOf 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
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%.
| 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| 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% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| 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% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| 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.
Timeline · acts, filings and financial milestones
02-09
State Gazette act
MiscellaneousCapital 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
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
Show earlier events
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.
Directors · office · real estate
Board 1
Permanent representatives 1
Statutory auditor 1
Not every act has been read: a resignation may be missing here
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35391B0680/00H000 | Flanders | 7,068 m² | 1 · 6,418 m² | - |
Linked by address, not proof of ownership
Mandate history
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| Ingelbeen BV |
|
| A&C - Bedrijfsrevisor |
|
| Koutermolen NV |
|
Structure & network
Owners and holdings
1 ownerChain of control
- Koutermolen
- WILLY NAESSENS BUILD
- D-GLAS
Highest known parent: Koutermolen. The sources do not say who stands above it.
Owners 1
-
100%
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 directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 4 entries · 6,946 EUR awarded · 7,052 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,990 EUR | 3,677 EUR |
| 2023 | 2 | 2,058 EUR | 2,170 EUR |
| 2022 | 1 | 1,898 EUR | 1,205 EUR |
Recognitions · licences · registrations
Recognised contractor
1 categorySimilar companies · same sector, comparable size
Identification & contact
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.