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G.L.S.

Active
Private limited companyfounded 2001active for 25 yearsBeukenlaan 14, 2275 Lille, BelgiumKBO/BCE: BE 0473.847.275
Summary

G.L.S. has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €30,775 and a net result of €892, of which €5,232 non-recurring income. Equity has been growing by about 14% per year since 2018. Its solvency ranks better than 81% of 34,954 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Official details

Source: KBO
Status
Active since 18-01-2001 Normal situation
Activity
Other specialised construction activities NACE 43990
Establishment unit
2.100.183.919 2275 Lille, since 19-03-2001
Financial year end
31 December
Peppol
Reachable since 08-12-2025

Board and ownership

Board

Financial position

91 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Annual accounts 2025
Gross margin
€4,283
▲ 437%
Turnover
≈ €58,000
estimated
Profit
€892
Equity
€30,775
▲ 3.0%
Total assets
€40,696
▲ 2.9%
Score breakdownraises riskSize: total assets €40,696Sector: Specialised construction activities (NACE 43)lowers riskFounded in 2001Liquidity: current ratio 4.26, cash €7,525Show the evidence

Checked score

Score 2025
91 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 60% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Strong
Solvency 100=
equity 75.6% of total assets
Liquidity 66-13
short-term debt 20.8% · cash 18.5%
Profitability 71+61
return on assets 2.2%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,675 companies, NACE 43, micro)
Last 24 months 12-2024: 0.4% 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025highest value 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.2%▼ -0.2 percentage points vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.3%▲ +0.1 percentage points vs 03-2026 05-2026: 0.2%▼ -0.1 percentage points vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026lowest value 07-2026: 0.2%● unchanged vs 06-2026lowest value 08-2026: 0.2%● unchanged vs 07-2026lowest value 09-2026: 0.2%● unchanged vs 08-2026lowest value 10-2026: 0.2%● unchanged vs 09-2026lowest value 11-2026: 0.2%● unchanged vs 10-2026lowest value
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.26 (6.59 in 2024), above the usual 1.5. Short-term debt is 20.8% and cash 18.5% of total assets. 24.4% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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 43, micro). It does better than 90% of them on solvency, 65% on liquidity, 41% on profitability and 43% on growth.

The bankruptcy probability was computed on 02-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 2001
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Size: total assets €40,696
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Liquidity: current ratio 4.26, cash €7,525
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
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 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
63 days early
2024
72 days early
2023
64 days early
2022
66 days early
2021
58 days early
2020
57 days early
2019
63 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 63 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 29 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: Higher solvency than 80% of companies in specialised constructionsector median 46.7% · 34,954 companies 75.6% View

Recent changes

  1. · Gazette deed Change of role: LENAERTS, Guido Jozef Maria, from statutory manager to director
  2. · Gazette deed Incorporation
All 16 events

Comparable companies

These companies have the same main activity as G.L.S.: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €33,600 and €63,800, founded between 1996 and 2007.

CompanyTotal assetsGross margin
G.L.S. Lille€40,696€4,283
SPLENDEUR DU BOIS Sint-Lambrechts-Woluwe€36,027€4,424
G.D.S. CONSTRUCTIONS Elsene€35,607€3,944
Maçonnerie RASQUIN Wanze€47,882€3,142
ISKO TECHNIC Brussel€46,380€3,900
TOYE Kuurne€63,794€4,698
BREMS - GHIELENS Lierneux€33,583€6,952
Full comparison

Key facts about G.L.S.

What is the company number of G.L.S.?
The company number of G.L.S. is 0473.847.275. The VAT number is the same number with BE in front: BE 0473.847.275.
Where is G.L.S. based?
The registered office is at Beukenlaan 14, 2275 Lille.Company details
What does G.L.S. do?
According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
What is the legal form of G.L.S.?
The legal form of G.L.S. is Private limited company (BV).
When was G.L.S. founded?
G.L.S. was founded on 18-01-2001.
Is G.L.S. still active?
Yes, G.L.S. is an active enterprise in the KBO register.
How many employees does G.L.S. have?
G.L.S. had an average of 1 full-time equivalents in financial year 2018, according to the filed annual accounts.Financials
What is the turnover of G.L.S.?
The turnover in financial year 2025 is ≈ €58,000. This figure is estimated from the gross margin of €4,283 and 204 comparable companies (NACE 43990). It probably lies between €31,000 and €110,000. It is a rough estimate.
Is G.L.S. profitable?
In financial year 2025, G.L.S. made a profit of €892.
Where can I find the annual accounts of G.L.S.?
G.L.S. filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of G.L.S. due?
G.L.S. must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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