GL EUROPA

Active

Public limited companyfounded 2004active for 22 yearsSint-Lazaruslaan 4-10, 1210 Sint-Joost-ten-Node, Belgium250 active companies are registered at this addressKBO/BCE: BE 0865.941.962

Summary

The computed 12-month bankruptcy probability of GL EUROPA is 11.0% (high). For GL EUROPA, one filing cycle of the annual accounts is missing. The 2024 annual accounts show negative equity (-€20.8m) and a net result of -€1.0m. Equity is shrinking by about 5.4% per year across the filed financial years. The company has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals.

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GL EUROPAActive

Risk analysis Report Compare

Activity

Activity not known1 site

Size

€14.0mtotal assets 2024

Equity: -€20.8m
Loss: -€1.0m

Financial health

Bankruptcy probabilitywithin 12 months: 11.0%

2024 figures too old to score

Structure

Holdings: 1

Hendrik PENNDORFDirector

Accounts 354 days overdue1 of 12 deeds read

Signalsraises riskFigures for financial year 2024 (filed 29-10-2025)1 financial year not filed after the legal deadline; latest accounts 356 days late; 2 of the last 3 lateLiquidity: current ratio 0.00Annual accounts not filedFiled more than 90 days latelowers riskSize: total assets €14.0mShow the evidence

Bankruptcy probability

No current score

Figures too old

The available figures for FY 2024 are too old to assess current financial health.

Bankruptcy probability: High

Filing: One filing cycle is missing

Financial strength, FY 2024 · tick = 2023

Weak

Solvency 0=

equity -148.0% of total assets

Liquidity 0=

short-term debt 135.7%

Profitability 19-1

return on assets -7.2%

Bankruptcy probability, 12 months

11.0% High

0%0.5%1.5%4%10%≥ 25%

About 1 in 9 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 2.1%lowest value 12-2024: 2.2%▲ +0.1 percentage points vs 11-2024 01-2025: 2.7%▲ +0.5 percentage points vs 12-2024 02-2025: 2.8%▲ +0.1 percentage points vs 01-2025 03-2025: 3.4%▲ +0.6 percentage points vs 02-2025 04-2025: 5.1%▲ +1.7 percentage points vs 03-2025 05-2025: 5.1%● unchanged vs 04-2025 06-2025: 5.2%▲ +0.1 percentage points vs 05-2025 07-2025: 5.0%▼ -0.2 percentage points vs 06-2025 08-2025: 5.0%● unchanged vs 07-2025 09-2025: 5.2%▲ +0.2 percentage points vs 08-2025 10-2025: 5.2%● unchanged vs 09-2025 11-2025: 4.0%▼ -1.2 percentage points vs 10-2025 12-2025: 4.2%▲ +0.2 percentage points vs 11-2025 01-2026: 5.0%▲ +0.8 percentage points vs 12-2025 02-2026: 4.7%▼ -0.3 percentage points vs 01-2026 03-2026: 9.2%▲ +4.5 percentage points vs 02-2026 04-2026: 11.3%▲ +2.1 percentage points vs 03-2026highest value 05-2026: 11.3%● unchanged vs 04-2026highest value 06-2026: 11.3%● unchanged vs 05-2026highest value 07-2026: 11.0%▼ -0.3 percentage points vs 06-2026 08-2026: 11.0%● unchanged vs 07-2026 09-2026: 11.0%● unchanged vs 08-2026 10-2026: 11.0%● unchanged vs 09-2026

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Signals

Six signals.

lowers riskraises risk

Figures for financial year 2024 (filed 29-10-2025)

NBB · annual accounts

1 financial year not filed after the legal deadline; latest accounts 356 days late; 2 of the last 3 late

NBB · filings

Liquidity: current ratio 0.00

NBB · annual accounts

Size: total assets €14.0m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Annual accounts not filed

The financial year that closed on 31-03-2025 was due at the National Bank by 31-10-2025. Nothing is on record, 354 days later.

NBB · 10 filings

Position against the passed deadline

31-03-2025 year end31-10-2025 deadline20-10-2026 today

Filed more than 90 days late

The financial year that closed on 31-03-2024 was due by 31-10-2024 and was filed on 22-10-2025, 356 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.

NBB · 10 filings

Deviation from the deadline

2025

not filed

2024

356 days late

2023

16 days late

2022

141 days late

2021

45 days late

2020

73 days late

2019

34 days late

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its last 6 accounts on average 111 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

09-02-2026 Resignation: Nobuo TAKAKURA (director)Reappointment: Hendrik PENNDORF (director) ·…
22-10-2025 Annual accounts filedfinancial year 2024 · full…
31-03-2024 Weakest financial yearnet -€1.0m