GL Concept
ActiveSummary
GL Concept has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of €101,403. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 92% of 1008 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150,000 at 30 days acceptable
Liquidity ample (current ratio 4.03 against 4.99 in 2024; short-term debt: 9.6% and cash: 34.5% of total assets), and 9.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
90.4%
Return on assets
5.6%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 16-04-2026, 106 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
106 d early
2024
118 d early
2023
129 d early
2022
116 d early
2021
103 d early
2020
138 d early
2019
137 d 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 121 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed 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. Usually files around 6 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€101,403▼ 26.8%
2024 · €138,458
Working capital
€530,990▼ 2.3%
2024 · €543,626
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€9,371▲ 830%€32,516▲ 247%€51,224▲ 57.5%€180,034▲ 251%€136,104▼ 24.4%
Net result€5,880below the sector's middle half▲ 2,071%€801,487above the sector's middle half▲ 13,531%€96,302within the sector's middle half▼ 88.0%€138,458within the sector's middle half▲ 43.8%€101,403within the sector's middle half▼ 26.8%
Equity€1.1mabove the sector's middle half▼ 11.3%€1.8mabove the sector's middle half▲ 57.6%€1.7mabove the sector's middle half▼ 5.8%€1.7mabove the sector's middle half▲ 1.1%€1.6mabove the sector's middle half▼ 3.5%
Total assets€1.3mwithin the sector's middle half▼ 2.6%€2.0mwithin the sector's middle half▲ 51.4%€2.0mwithin the sector's middle half▼ 2.9%€1.8mwithin the sector's middle half▼ 6.6%€1.8mwithin the sector's middle half▼ 1.1%
Debt€203,104▲ 114%€237,858▲ 17.1%€283,258▲ 19.1%€136,198▼ 51.9%€175,098▲ 28.6%
Working capital-€122,347below the sector's middle half€610,548above the sector's middle half€512,473above the sector's middle half▼ 16.1%€543,626above the sector's middle half▲ 6.1%€530,990above the sector's middle half▼ 2.3%
Solvency84.8%above the sector's middle half▼ 8.3pp88.2%above the sector's middle half▲ 3.4pp85.6%above the sector's middle half▼ 2.7pp92.6%above the sector's middle half▲ 7.0pp90.4%above the sector's middle half▼ 2.2pp
Current ratio0.34below the sector's middle half▼ 1.213.57above the sector's middle half▲ 3.232.81above the sector's middle half▼ 0.764.99above the sector's middle half▲ 2.184.03above the sector's middle half▼ 0.96
Return on assets (ROA)0.4%below the sector's middle half▲ 0.4pp39.7%above the sector's middle half▲ 39.2pp4.9%within the sector's middle half▼ 34.7pp7.5%within the sector's middle half▲ 2.6pp5.6%within the sector's middle half▼ 2.0pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 24% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.8m
Fixed assets
€1.1m ▼ 4.0%
Current assets
€706,089 ▲ 3.9%
Equity and liabilities €1.8m
Equity
€1.6m ▼ 3.5%
Debt
€175,098 ▲ 28.6%
Debt's share of the balance-sheet total rises from 7.4% to 9.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€136,585▼
2024 · €192,712
Cash flow
€101,885▼
2024 · €151,137
Debt to equity
0.11▲
2024 · 0.08
ROE
6.2%▼
2024 · 8.2%
Interest coverage
418.09▼
2024 · 2072.17
Debt ≤ 1 year
€175,098▲
2024 · €136,182
Income taxes
€38,276▼
2024 · €47,213
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,436 | €5,712 | €2,295 | €12,679 | €481 | ▼ 96.2% |
| Other operating charges640/8 | €868 | €5,109 | €24,643 | €1,181 | €11,401 | ▲ 866% |
| Gross operating margin9900 | €28,675 | €43,337 | €78,162 | €193,893 | €147,986 | ▼ 23.7% |
| Operating profit (loss)9901 | €9,371 | €32,516 | €51,224 | €180,034 | €136,104 | ▼ 24.4% |
| Financial income75/76B | - | €857,952 | €61,629 | €5,731 | €3,902 | ▼ 31.9% |
| Recurring financial income75 | - | €799,840 | €61,629 | €5,731 | €3,902 | ▼ 31.9% |
| Non-recurring financial income76B | - | €58,112 | - | - | - | - |
| Financial charges65/66B | €619 | €195 | €2,113 | €93 | €327 | ▲ 251% |
| Recurring financial charges65 | €619 | €195 | €2,113 | €93 | €327 | ▲ 251% |
| Profit (loss) for the period before taxes9903 | €8,752 | €890,273 | €110,741 | €185,671 | €139,680 | ▼ 24.8% |
| Income taxes67/77 | €2,872 | €88,786 | €14,439 | €47,213 | €38,276 | ▼ 18.9% |
| Profit (loss) for the period9904 | €5,880 | €801,487 | €96,302 | €138,458 | €101,403 | ▼ 26.8% |
| Profit (loss) for the period to be appropriated9905 | €5,880 | €801,487 | €96,302 | €138,458 | €101,403 | ▼ 26.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €2.0m | €2.0m | €1.8m | €1.8m | ▼ 1.1% |
| Fixed assets21/28 | €1.3m | €1.2m | €1.2m | €1.2m | €1.1m | ▼ 4.0% |
| Intangible fixed assets21 | €0 | €0 | - | - | €0 | - |
| Tangible fixed assets22/27 | €72,901 | €64,520 | €58,897 | €46,219 | €241 | ▼ 99.5% |
| Furniture and vehicles24 | €72,901 | €64,520 | €58,897 | €46,219 | €241 | ▼ 99.5% |
| Other tangible fixed assets26 | - | €0 | - | - | - | - |
| Financial fixed assets28 | €1.2m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Current assets29/58 | €62,224 | €848,406 | €795,730 | €679,808 | €706,089 | ▲ 3.9% |
| Amounts receivable within one year40/41 | €12,549 | €30,260 | €26,721 | €98,301 | €77,894 | ▼ 20.8% |
| Trade receivables40 | €12,524 | €12,100 | €14,520 | €83,100 | €60,000 | ▼ 27.8% |
| Other amounts receivable41 | €25 | €18,160 | €12,201 | €15,201 | €17,894 | ▲ 17.7% |
| Cash at bank and in hand54/58 | €47,557 | €816,260 | €767,627 | €578,769 | €625,226 | ▲ 8.0% |
| Deferred charges and accrued income490/1 | €2,119 | €1,886 | €1,382 | €2,738 | €2,968 | ▲ 8.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €2.0m | €2.0m | €1.8m | €1.8m | ▼ 1.1% |
| Equity10/15 | €1.1m | €1.8m | €1.7m | €1.7m | €1.6m | ▼ 3.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €801,860 | €801,860 | €801,860 | €641,860 | ▼ 20.0% |
| Non-distributable reserves130/1 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | - | - | - | - | - |
| Distributable reserves133 | - | €801,860 | €801,860 | €801,860 | €641,860 | ▼ 20.0% |
| Profit (loss) carried forward14 | €1.1m | €962,808 | €859,110 | €877,568 | €978,972 | ▲ 11.6% |
| Amounts payable17/49 | €203,104 | €237,858 | €283,258 | €136,198 | €175,098 | ▲ 28.6% |
| Amounts payable after more than one year17 | €18,532 | - | - | - | - | - |
| Financial debts170/4 | €18,532 | - | - | - | - | - |
| Amounts payable within one year42/48 | €184,571 | €237,858 | €283,258 | €136,182 | €175,098 | ▲ 28.6% |
| Current portion of amounts payable after more than one year42 | €20,017 | - | - | - | - | - |
| Trade debts44 | €5,069 | €54 | - | €1,199 | €2,508 | ▲ 109% |
| Suppliers440/4 | €5,069 | €54 | - | €1,199 | €2,508 | ▲ 109% |
| Taxes, remuneration and social security45 | €7,041 | €86,287 | €82,349 | €10,173 | €7,766 | ▼ 23.7% |
| Taxes450/3 | €7,041 | €86,287 | €82,349 | €10,173 | €7,766 | ▼ 23.7% |
| Other amounts payable47/48 | €152,445 | €151,516 | €200,909 | €124,810 | €164,824 | ▲ 32.1% |
| Accrued charges and deferred income492/3 | - | - | - | €17 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,880 | €801,487 | €96,302 | €138,458 | €101,403 | ▼ 26.8% |
| + Depreciation and write-downs630 | €18,436 | €5,712 | €2,295 | €12,679 | €481 | ▼ 96.2% |
| Operating cash flow (approximation) | €24,316 | €807,199 | €98,597 | €151,137 | €101,885 | ▼ 32.6% |
| Investment in fixed assets (approximation) | - | €94,229 | €3,328 | €0 | €45,496 | - |
| Change in cash | - | €768,703 | -€48,633 | -€188,858 | €46,457 | ▲ 125% |
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
16-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
04-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
06-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €801,487 ▲13,531%
Net result €801,487, the highest in the series.
31-12
Financial
Liquidity times 11current ratio 3.57
Current ratio from 0.34 to 3.57.
19-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
15-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €271 ▼99.7%
Net result drops to €271, the lowest in the series; recovery starts the following year.
16-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Lasne · 1 establishment unit since 2007
Ground area
1,109 m²
Building footprint
176 m²
Parcel 25076C0024/00M000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Route de Renipont 8, 1380 Lasne
since 20072.181.233.060
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25076C0024/00M000 | Wallonia | 1,109 m² | 1 · 176 m² | - |
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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
70%
According to the 2025 annual accounts of GL Concept and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
K.S.K.
BE 0456.581.869
Kortrijk · Eq €1,639,967
KANTOOR CLERBOUT
BE 0429.236.975
Grimbergen · Eq €1,635,470
EM por MA
BE 0885.163.107
Wervik · Eq €1,622,332
Spraying Systems Europe
BE 0745.677.305
Deinze · Eq €1,667,298
NOLMANS RETAIL SUPPORT
BE 0884.751.945
Bilzen-Hoeselt · Eq €1,586,037
Of 2,265 companies in sector 69209 we hold annual accounts for 1,101. 494 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-08-2007
Fiscal year end31-12
Activities, NACEBEL 2025
69209Other tax advisory services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0891265791
Registered
21-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.