GL & CO
ActiveSummary
The computed 12-month bankruptcy probability of GL & CO is 2.2% (moderate). The 2025 annual accounts show equity of €1.4m and a net result of €95,523. Equity is growing by ~2.7% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability56▲+23
Solvency53▲+5
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €75,000 at 30 days acceptable
Liquidity short (current ratio 0.14 against 1.16 in 2024; short-term debt: 9.8% and cash: 0.1% of total assets), and 71.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
28.1%
Return on assets
1.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
17 d late
2024
26 d late
2023
30 d early
2022
32 d late
2021
24 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 14 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€95,523
2024 · -€130,909
Working capital
-€435,174
2024 · €71,380
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€55,430-€47,884€816▼ 98.3%-€17,149€211,790
Net result-€67,105--€29,589▲ 55.9%-€104,935▼ 255%-€130,909▼ 24.8%€95,523
Equity-€52,105-€1.6m€1.5m▼ 6.6%€1.4m▼ 8.8%€1.4m▲ 7.1%
Total assets€609,357-€5.9m▲ 860%€5.9m▲ 0.3%€5.8m▼ 1.3%€5.2m▼ 11.0%
Debt€661,462-€4.3m▲ 544%€4.4m▲ 2.8%€4.4m▲ 1.2%€3.7m▼ 16.5%
Working capital-€133,125-€413,012€171,629▼ 58.4%€71,380▼ 58.4%-€435,174
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €211,790 after a loss of €17,149 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.2m
Fixed assets
€5.1m ▼ 3.5%
Current assets
€71,446 ▼ 86.3%
Equity and liabilities €5.2m
Equity
€1.4m ▲ 7.1%
Debt
€3.7m ▼ 16.5%
Debt's share of the balance-sheet total falls from 76.6% to 71.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€416,851▲
2024 · €228,189
Cash flow
€300,583▲
2024 · €114,429
Current ratio
0.14▼
2024 · 1.16
Quick ratio
0.05▼
2024 · 0.09
Debt to equity
2.56▼
2024 · 3.28
ROE
6.6%▲
2024 · -9.7%
ROA
1.9%▲
2024 · -2.3%
Interest coverage
4.14▲
2024 · 2.00
Debt ≤ 1 year
€506,620▲
2024 · €450,595
Debt > 1 year
€3.2m▼
2024 · €4.0m
Income taxes
€15,643▲
2024 · €284
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,368 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.7%
went bankrupt
1.4%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,368 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,548 | €120,180 | €195,862 | €245,338 | €205,061 | ▼ 16.4% |
| Other operating charges640/8 | €3,111 | €21,350 | €24,808 | €32,484 | €88,135 | ▲ 171% |
| Gross operating margin9900 | -€26,771 | €189,414 | €221,485 | €260,673 | €504,986 | ▲ 93.7% |
| Operating profit (loss)9901 | -€55,430 | €47,884 | €816 | -€17,149 | €211,790 | ▲ 1,335% |
| Financial income75/76B | - | - | €0 | €492 | €0 | ▼ 100.0% |
| Recurring financial income75 | - | - | €0 | €492 | €0 | ▼ 100.0% |
| Financial charges65/66B | €11,675 | €77,473 | €105,555 | €113,968 | €100,625 | ▼ 11.7% |
| Recurring financial charges65 | €11,675 | €77,473 | €105,555 | €113,968 | €100,625 | ▼ 11.7% |
| Profit (loss) for the period before taxes9903 | -€67,105 | -€29,589 | -€104,740 | -€130,625 | €111,165 | ▲ 185% |
| Income taxes67/77 | - | - | €196 | €284 | €15,643 | ▲ 5,406% |
| Profit (loss) for the period9904 | -€67,105 | -€29,589 | -€104,935 | -€130,909 | €95,523 | ▲ 173% |
| Profit (loss) for the period to be appropriated9905 | -€67,105 | -€29,589 | -€104,935 | -€130,909 | €95,523 | ▲ 173% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €609,357 | €5.9m | €5.9m | €5.8m | €5.2m | ▼ 11.0% |
| Fixed assets21/28 | €567,123 | €5.1m | €5.2m | €5.3m | €5.1m | ▼ 3.5% |
| Tangible fixed assets22/27 | €567,123 | €4.6m | €4.7m | €4.8m | €4.6m | ▼ 3.8% |
| Land and buildings22 | €421,331 | €4.2m | €4.1m | €4.2m | €4.1m | ▼ 3.0% |
| Plant, machinery and equipment23 | €141,535 | €422,238 | €632,201 | €556,836 | €498,638 | ▼ 10.5% |
| Furniture and vehicles24 | €4,257 | €2,449 | €640 | €0 | €1,646 | - |
| Financial fixed assets28 | - | €468,737 | €468,737 | €468,737 | €468,737 | = |
| Current assets29/58 | €42,234 | €738,745 | €667,739 | €521,975 | €71,446 | ▼ 86.3% |
| Amounts receivable after more than one year29 | - | €80,488 | €83,262 | €0 | - | - |
| Other amounts receivable291 | - | €80,488 | €83,262 | €0 | - | - |
| Stocks and contracts in progress3 | - | €490,883 | €481,883 | €481,883 | €46,615 | ▼ 90.3% |
| Stocks30/36 | - | €490,883 | €481,883 | €481,883 | €46,615 | ▼ 90.3% |
| Amounts receivable within one year40/41 | - | €17,717 | €29,814 | €6,750 | €0 | ▼ 100% |
| Trade receivables40 | - | - | €2,430 | €0 | - | - |
| Other amounts receivable41 | - | €17,717 | €27,384 | €6,750 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €40,251 | €145,396 | €56,969 | €19,154 | €5,757 | ▼ 69.9% |
| Deferred charges and accrued income490/1 | €1,984 | €4,261 | €15,811 | €14,188 | €19,073 | ▲ 34.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €609,357 | €5.9m | €5.9m | €5.8m | €5.2m | ▼ 11.0% |
| Equity10/15 | -€52,105 | €1.6m | €1.5m | €1.4m | €1.4m | ▲ 7.1% |
| Contributions10/11 | €15,000 | €53,501 | €53,501 | €53,501 | €53,501 | = |
| Revaluation surpluses12 | - | €2.7m | €2.6m | €2.5m | €2.5m | ▼ 2.7% |
| Reserves13 | - | - | €68,613 | €137,228 | €204,848 | ▲ 49.3% |
| Distributable reserves133 | - | - | €68,613 | €137,228 | €204,848 | ▲ 49.3% |
| Profit (loss) carried forward14 | -€67,105 | -€1.1m | -€1.2m | -€1.4m | -€1.3m | ▲ 7.0% |
| Amounts payable17/49 | €661,462 | €4.3m | €4.4m | €4.4m | €3.7m | ▼ 16.5% |
| Amounts payable after more than one year17 | €486,103 | €3.9m | €3.9m | €4.0m | €3.2m | ▼ 19.8% |
| Financial debts170/4 | €486,103 | €3.9m | €3.8m | €3.9m | €3.1m | ▼ 20.4% |
| Other amounts payable178/9 | - | €44,347 | €49,597 | €108,073 | €107,438 | ▼ 0.6% |
| Amounts payable within one year42/48 | €175,359 | €325,732 | €496,111 | €450,595 | €506,620 | ▲ 12.4% |
| Current portion of amounts payable after more than one year42 | €10,437 | €58,202 | €200,409 | €209,767 | €185,773 | ▼ 11.4% |
| Financial debts43 | - | - | - | €818 | €636 | ▼ 22.2% |
| Credit institutions430/8 | - | - | - | €818 | €636 | ▼ 22.2% |
| Trade debts44 | €16,036 | €93,567 | €122,506 | €10,490 | €49,270 | ▲ 370% |
| Suppliers440/4 | €16,036 | €93,567 | €122,506 | €10,490 | €49,270 | ▲ 370% |
| Taxes, remuneration and social security45 | - | - | €196 | €480 | €7,643 | ▲ 1,492% |
| Taxes450/3 | - | - | €196 | €480 | €7,643 | ▲ 1,492% |
| Other amounts payable47/48 | €148,886 | €173,964 | €173,000 | €229,040 | €263,299 | ▲ 15.0% |
| Accrued charges and deferred income492/3 | - | €2,237 | €4,395 | €17,309 | €17,737 | ▲ 2.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€67,105 | -€29,589 | -€104,935 | -€130,909 | €95,523 | ▲ 173% |
| + Depreciation and write-downs630 | €25,548 | €120,180 | €195,862 | €245,338 | €205,061 | ▼ 16.4% |
| Operating cash flow (approximation) | -€41,557 | €90,591 | €90,926 | €114,429 | €300,583 | ▲ 163% |
| Investment in fixed assets (approximation) | - | -€4.7m | -€281,835 | -€314,934 | -€20,252 | ▲ 93.6% |
| Change in cash | - | €105,145 | -€88,427 | -€37,815 | -€13,397 | ▲ 64.6% |
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
Next filing, fiscal year 2026, expected by
2026
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 17 days late
2025
31-12
Financial
Back to profitnet €95,523
Net result €95,523 after 4 loss-making years.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
31-12
Financial
Weakest financial yearnet -€130,909
Net result drops to -€130,909, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 32 days late
2022
31-12
Financial
Liquidity times 9current ratio 2.27
Current ratio from 0.24 to 2.27.
31-12
Financial
Equity above €1mEq €1.6m
Equity rises from -€52,105 to €1.6m.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are 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, Namur · 1 establishment unit since 2020
Ground area
4,704 m²
Building footprint
1,117 m²
Volume, LiDAR
13,435 m³
Parcel 92039B0014/00E015, Wallonia · tallest building 15.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
GL & CO
since 20202.309.698.969
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92039B0014/00E015 | Wallonia | 4,704 m² | 1 · 1,117 m² | 15.6 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded15-10-2020
Fiscal year end31-12
Contact
E-mail
lejeune.florence@icloud.com
Phone
+32488269888
E-invoicing
Reachable via Peppol
Peppol ID
0208:0756626427
Registered
02-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.