Ellen Glazemakers
ActiveEllen Glazemakers has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15k and a net result of €97k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 26% of 31662 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency49▼-51
Growth58▼-20
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.97 against 6.6 in 2024; short-term debt: 75.7% and cash: 41.7% of total assets), and 75.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
24.3%
Return on assets
152.9%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 02-03-2026, 59 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
59 d early
2024
124 d early
2023
48 d early
2022
46 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€15k▼ 92.4%
2024 · €202k
2022: €49k
2023: €123k
2024: €202k
2022 → 2025
Total assets
€63k▼ 74.1%
2024 · €245k
2022: €75k
2023: €158k
2024: €245k
2022 → 2025
Net result
€97k▲ 22.9%
2024 · €79k
2022: €34k
2023: €74k
2024: €79k
2022 → 2025
Working capital
€-2k
2024 · €196k
2022: €45k
2023: €120k
2024: €196k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€49k-€123k▲ 151%€202k▲ 64.0%€15k▼ 92.4%
Operating result€46k-€95k▲ 106%€101k▲ 5.6%€123k▲ 21.8%
Net result€34k-€74k▲ 117%€79k▲ 6.3%€97k▲ 22.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 22% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €63k
Fixed assets
€17k▲ 16.8%
Current assets
€46k▼ 79.9%
Equity and liabilities €63k
Equity
€15k▼ 92.4%
Debt
€48k▲ 12.4%
The debt ratio rises from 17.4% to 75.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€125k▲
2024 · €102k
Cash flow
€100k▲
2024 · €81k
Solvency
24.3%▼
2024 · 82.6%
Current ratio
0.97▼
2024 · 6.60
Quick ratio
0.97▼
2024 · 6.60
Debt / equity
3.11▲
2024 · 0.21
ROE
628.7%▲
2024 · 39.0%
ROA
152.9%▲
2024 · 32.2%
Interest coverage
1147.28▲
2024 · 1008.33
Debt
€48k▲
2024 · €43k
Debt ≤ 1 year
€48k▲
2024 · €35k
Income taxes
€27k▲
2024 · €22k
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€245k€63k▼
Formation expenses20€0-
Fixed assets21/28€15k€17k▲
Intangible fixed assets21€0-
Tangible fixed assets22/27€15k€17k▲
Land and buildings22€0-
Plant, machinery and equipment23€185€262▲
Furniture and vehicles24€13k€16k▲
Leasing and similar rights25€0-
Other tangible fixed assets26€1k€701▼
Assets under construction and advance payments27€0-
Financial fixed assets28€34€34=
Current assets29/58€231k€46k▼
Amounts receivable after more than one year29€0-
Trade receivables290€0-
Other amounts receivable291€0-
Stocks and contracts in progress3€0-
Stocks30/36€0-
Contracts in progress37€0-
Amounts receivable within one year40/41€2k€20k▲
Trade receivables40€0€19k▲
Other amounts receivable41€2k€843▼
Current investments50/53€164k€14▼
Cash at bank and in hand54/58€65k€26k▼
Deferred charges and accrued income490/1€252€252=
Equity and liabilities
Total equity and liabilities10/49€245k€63k▼
Equity10/15€202k€15k▼
Contributions10/11€15k€15k=
Profit (loss) carried forward14€187k€434▼
Amounts payable17/49€43k€48k▲
Amounts payable within one year42/48€35k€48k▲
Trade debts44€838-
Suppliers440/4€838-
Taxes, remuneration and social security45€34k€13k▼
Taxes450/3€31k€10k▼
Remuneration and social security454/9€3k€3k▲
Other amounts payable47/48-€35k
Accrued charges and deferred income492/3€8k-
Income statement
Code20242025
Remuneration, social security and pensions62€778-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€380€144▼
Gross operating margin9900€104k€125k▲
Operating profit (loss)9901€101k€123k▲
Financial income75/76B€723€1k▲
Recurring financial income75€723€1k▲
Non-recurring financial income76B-€5
Financial charges65/66B€102€109▲
Recurring financial charges65€102€109▲
Profit (loss) for the period before taxes9903€101k€124k▲
Income taxes67/77€22k€27k▲
Profit (loss) for the period9904€79k€97k▲
Profit (loss) for the period to be appropriated9905€79k€97k▲
Appropriation of the result
Profit (loss) to be appropriated9906€153k€284k▲
Profit (loss) brought forward from the previous period14P€74k€187k▲
Transfer from equity791/2€34k-
Profit to be distributed694/7-€284k
Return on contributions (dividend)694-€284k
The notes to these accounts (6 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
02-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2022net €97k ▲22.9%
Operating result €123k, net result €97k, both a record.
2024
27-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-09
Financial
Equity above €200kEq €202k ▲64%
3 profitable years in a row build equity to €202k.
13-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €100kEq €123k ▲151%
2 profitable years in a row build equity to €123k.
15-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Gent · 1 establishment unit since 2021
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.
Perkamentstraat 209000 GentGround area
2,024 m²
Building footprint
56 m²
Volume, LiDAR
607 m³
Parcel 44815F3035/00C000, Flanders · tallest building 13.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Perkamentstraat 20, 9000 Gent
since 20212.321.472.294
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44815F3035/00C000 | Flanders | 2,024 m² | 1 · 55 m² | 13.1 m · 4 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.
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 27,750 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-09-2021
Fiscal year end30-09
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
69201Certified accountants and tax accountants
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.