GL AUTO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 29-07-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 32% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 5 |
| full-time | 2 |
| part-time | 3 |
| in full-time equivalents | 3.9 |
| Average over the year, in full-time equivalents | 2.7 |
| On a permanent contract | 3 |
| Joined | 5 |
| Left | 2 |
Source: social balance sheet in the 2025 annual accounts
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €52,639 | €8,471 |
| Depreciation and write-downs of the year | €26,183 | €15,581 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Non-recurring operating income76A | - | €3 | - |
| Remuneration, social security and pensions62 | €40,176 | €91,651 | ▲ 128% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,183 | €15,581 | ▼ 40.5% |
| Other operating charges640/8 | €30 | €1,451 | ▲ 48× |
| Gross operating margin9900 | €81,882 | €119,158 | ▲ 45.5% |
| Operating profit (loss)9901 | €15,493 | €10,475 | ▼ 32.4% |
| Financial income75/76B | €1 | €597 | ▲ 1,011× |
| Recurring financial income75 | €1 | €597 | ▲ 1,011× |
| Financial charges65/66B | €406 | €674 | ▲ 66.1% |
| Recurring financial charges65 | €406 | €674 | ▲ 66.1% |
| Profit (loss) for the period before taxes9903 | €15,088 | €10,398 | ▼ 31.1% |
| Income taxes67/77 | €3,018 | €1,791 | ▼ 40.6% |
| Profit (loss) for the period9904 | €12,070 | €8,606 | ▼ 28.7% |
| Profit (loss) for the period to be appropriated9905 | €12,070 | €8,606 | ▼ 28.7% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €63,712 | €87,537 | ▲ 37.4% |
| Fixed assets21/28 | €26,456 | €19,346 | ▼ 26.9% |
| Tangible fixed assets22/27 | €26,456 | €19,346 | ▼ 26.9% |
| Plant, machinery and equipment23 | €18,426 | €18,706 | ▲ 1.5% |
| Furniture and vehicles24 | €8,030 | €639 | ▼ 92.0% |
| Current assets29/58 | €37,256 | €68,191 | ▲ 83.0% |
| Stocks and contracts in progress3 | €8,609 | €6,559 | ▼ 23.8% |
| Stocks30/36 | €8,609 | €6,559 | ▼ 23.8% |
| Amounts receivable within one year40/41 | €18,879 | €28,153 | ▲ 49.1% |
| Trade receivables40 | €15,625 | €17,001 | ▲ 8.8% |
| Other amounts receivable41 | €3,254 | €11,153 | ▲ 243% |
| Cash at bank and in hand54/58 | €7,321 | €30,580 | ▲ 318% |
| Deferred charges and accrued income490/1 | €2,447 | €2,899 | ▲ 18.5% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €63,712 | €87,537 | ▲ 37.4% |
| Equity10/15 | €14,070 | €22,677 | ▲ 61.2% |
| Contributions10/11 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €12,070 | €20,677 | ▲ 71.3% |
| Amounts payable17/49 | €49,641 | €64,860 | ▲ 30.7% |
| Amounts payable after more than one year17 | €3,448 | - | - |
| Financial debts170/4 | €3,448 | - | - |
| Amounts payable within one year42/48 | €46,194 | €64,860 | ▲ 40.4% |
| Current portion of amounts payable after more than one year42 | €4,956 | €3,448 | ▼ 30.4% |
| Trade debts44 | €25,053 | €32,793 | ▲ 30.9% |
| Suppliers440/4 | €25,053 | €32,793 | ▲ 30.9% |
| Taxes, remuneration and social security45 | €16,185 | €28,619 | ▲ 76.8% |
| Taxes450/3 | €7,115 | €13,196 | ▲ 85.5% |
| Remuneration and social security454/9 | €9,070 | €15,423 | ▲ 70.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €12,070 | €8,606 | ▼ 28.7% |
| + Depreciation and write-downs630 | €26,183 | €15,581 | ▼ 40.5% |
| Operating cash flow (approximation) | €38,253 | €24,187 | ▼ 36.8% |
| Investment in fixed assets (approximation) | - | -€8,471 | - |
| Change in cash | - | €23,259 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 7,976 companies had the same profile as GL AUTO has now. Two years later, 94.4% were still going and 3.6% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GL AUTO itself: 1.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,976 companies, not a prediction for GL AUTO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.