Equity
-€5,951
Debts exceed assets in financial year 2025.
GL DECO
Lifetime
4 annual accounts with figures on one time axispeak €31,073 (2022)
€10,611▼ 44.8%
lowest -€15,381 (2025)
-€15,381▼ €1,057
peak €23,754 (2023)
-€5,951▼ €15,381
€91,297▼ 10.6%
Board2 names since 2022
2 directors and 1 other
Documentsfilings and deeds
06-07-202625 days before the deadline
2025micro format
Gross margin from €19,226 to €10,611Loss of €15,381Equity from €9,430 to -€5,951Cash from €23,045 to €6,015
Key points
from the 2025 annual accountsLosses
-€29,705 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Turnover
≈ €110,000 estimated
The micro format states no turnover.
Debts
€91,297 107% of the balance sheet
Financial debts 40%Suppliers 12%Taxes and wages 2%Other 46%
Of this, €53,986 falls due within a year.
Filings
4 annual accounts 2 late
The 2022 accounts came latest: 30 days after the end of the period.
Position in the sector
-€5,951
Less equity than 92% of companies in specialised construction. Sector median €57,824 · 37,191 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 7,637 companies had the same profile as GL DECO has now. Each dot stands for 20 companies, two years later.
84.7%
were still trading
5.6%
stopped another way
8.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 7,637 companies, not a prediction for GL DECO. 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.
Credit verdict
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Signals
Board and ownership
Director, since 12-01-2022
Director, since 12-01-2022
- 50 sharesdeed of 14-01-2022
- 50 sharesdeed of 14-01-2022
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0779997388
Publication in the Belgian Official Gazette
Gazette deed
Incorporation
Founding capital of €12,000 · Appointments: (director) and (director) · Permanent representatives: and · Founder: · published on 14-01-2022 · Gazette deed
First establishment
Les Cerisiers 118, Verviers
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GL DECO Verviers | €85,346 | €10,611 | -7.0% | - |
| DIZ RENOVATION Profondeville | €92,587 | €11,694 | 68.2% | - |
| SAMS Halle | €104,698 | €10,527 | 61.3% | - |
| Profi-Ren Zaventem | €102,328 | €8,579 | 72.5% | - |
| Thibaut Borzée Durbuy | €99,439 | €12,723 | 41.4% | - |
| VANTOU INTERIORS Nieuwpoort | €72,701 | €13,703 | 89.9% | - |
| Vyncke Jonas Aalter | €103,413 | €10,781 | 32.2% | - |
These companies have the same main activity as GL DECO: painting of buildings (NACE 43341). They are comparable in size and age: total assets between €72,700 and €105,000, founded between 2021 and 2022.
Official details
Source: KBO- Status
- Active since 12-01-2022Normal situation
- Activity
- Painting of buildingsNACE 43341and 5 others
- Establishment unit
- 2.327.218.4564800 Verviers, since 12-01-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 28-08-2025
Annual accounts 2025
- €85,346▼ 23.5%
- Filing
- Filed on 06-07-2026, 25 days before the end of the filing period
Insights on GL DECO
GL DECO files the micro format. That format states no turnover. The gross margin fell from €31,073 in 2022 to €10,611 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GL DECO
- What is the company number of GL DECO?
- The company number of GL DECO is 0779.997.388. The VAT number is the same number with BE in front: BE 0779.997.388.
- Where is GL DECO based?
- The registered office is at Les Cerisiers 118, 4800 Verviers.Company details
- What does GL DECO do?
- According to the KBO register, the main activity is painting of buildings (NACE 43341).
- What is the legal form of GL DECO?
- GL DECO is a private limited company (BV).
- When was GL DECO founded?
- GL DECO was founded on 12-01-2022.
- Is GL DECO still active?
- Yes, GL DECO is an active enterprise in the KBO register.
- What is the turnover of GL DECO?
- The turnover in financial year 2025 is ≈ €110,000. This figure is estimated from the gross margin of €10,611 and 159 comparable companies (NACE 433). It probably lies between €62,000 and €220,000. It is a rough estimate.Financials
- Is GL DECO profitable?
- In financial year 2025, GL DECO made a loss of €15,381.
- Where can I find the annual accounts of GL DECO?
- GL DECO filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GL DECO due?
- GL DECO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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