Financials
- Financial year
- 2025
- Total assets
- €483,252
- Loss
- -€349,764
- Solvency
- 82.1%
Total assets▼ 38.4%
Net result
20182025
Les Glaciers
ActiveSummary
The annual accounts of Les Glaciers for financial year 2025 show a net loss of 72% of total assets. The 2025 annual accounts show equity of €396,753 and a net result of -€349,764. Equity is shrinking by about 2.5% per year across the filed financial years. Its solvency ranks better than 85% of 318 sector peers (NACE 58, financial year 2025). The company has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.9% (low).
Overview
Activity
Other publishing activities, excluding software publishing
NACE 58190
#2 oldest company in Rixensart, Publishing and media sector1 site
Size
€483,252total assets 2025
- Equity
- €396,753
- Loss
- -€349,764
Net result -4,913%: other schema
Structure
- Largest shareholder
- PECHE MAISON · 22.27%
- Holdings
- 1
- DONTAINE EtienneDirector
- GILLET PierreDirector
- VAN LEER PhilippeDirector
Accounts 21 days early1 of 10 deeds read
Why 55raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €349,764, the second in a row (financial year 2025)1 change of registered office in 24 monthsLiquidity: current ratio 0.29, cash €4,347lowers riskSector: Publishing activities (NACE 58)Show the evidence
Checked score
Score 2025
55
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 40% of its sector peers (NACE 58, micro)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency
100=
equity 82.1% of total assets
Liquidity
46-4
short-term debt 17.9% · cash 0.9%
Profitability
27-41
return on assets -72.4%
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: < 0.1%
12-2024: < 0.1%● unchanged vs 11-2024
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: 0.1%▲ +0.1 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.9%▲ +0.8 percentage points vs 07-2026highest value
09-2026: 0.9%● unchanged vs 08-2026highest value
10-2026: 0.9%● unchanged vs 09-2026highest value
Credit of up to €21,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity insufficient (current ratio 0.29, compared with 4.66 in 2024; short-term debt: 17.9% and cash: 0.9% of total assets), and 17.9% of the assets are financed with debt.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 58, micro): better than 87% on solvency, 32% on liquidity, 28% on profitability and 15% on growth.
The bankruptcy probability was computed on 11-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€349,764
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 days early
2024
14 days early
2023
27 days early
2022
21 days early
2021
40 days early
2020
29 days early
2019
17 days 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 24 days before the deadline; the sector median (NACE 58) for financial year 2024 is 7 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 10 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
11-10-2026 today31-12-2026 year end31-07-2027 deadline
- Registered office · Amendment of the…Resignations: DONTAINE Etienne, GILLET Pierre…
- Annual accounts filedfinancial year 2025 · abbreviated…
- Weakest financial yearnet -€349,764
Key points
- Caution: Result fell in 2025different schema filed ▼ 4,913% View
- Caution: Among the weakest 5% on net resultsector median €14,563 · 318 companies -€349,764 View
- New directorslatest change 30-06-2026 · 3 in office 3 joined View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
- Caution: 2 loss-making years in a rowloss financial year 2025 -€349,764 View
By topic
Board & ownership
- Board
- 3 members
- Largest shareholder
- PECHE MAISON · 22.27%
- DONTAINE EtienneDirector
- GILLET PierreDirector
- VAN LEER PhilippeDirector
Network & group
- Subsidiaries
- 1
1 subsidiary
Timeline
- Events
- 43
- Since
- 1990
- Next accounts
- by 31-07-2027
- 17-07-2025Annual accounts filed
- 04-07-2024Annual accounts filed
- 31-12-2023Highest result from 2018 to 2025
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Other publishing activities, excluding software publishingNACE 58190
- Founded
- 21-03-1989
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 17
- Who signs
- Each director alone
- Annual meeting
- Third Thursday of June at 10:00
- Purpose
- La création, la production, la distribution, l’édition, la reproduction, les relations…
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