GL Expert
ActiveSummary
GL Expert has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €238,509 and a net result of €263,888. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 41% of 12860 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency72▲+37
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity ample (current ratio 1.75 against 2.28 in 2024; short-term debt: 51.8% and cash: 27.2% of total assets), but 52.6% of the assets are financed with debt.
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Signals
Four 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
47.4%
Return on assets
52.4%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 05-01-2026, 115 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
115 d early
2024
75 d early
2023
110 d early
2022
178 d early
2021
78 d early
2020
65 d early
2019
45 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 95 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 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 11 January (4 of the last 5 filed years within 34 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#8 company by total assets in Flobecq, Professional and technical services sector#9 company by equity in Flobecq, Professional and technical services sector
Equity
€238,509▲ 534%
2024 · €37,620
Total assets
€503,524▲ 39.3%
2024 · €361,510
Net result
€263,888▲ 80.3%
2024 · €146,355
Working capital
€196,742▲ 16.3%
2024 · €169,124
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€93,506▲ 37.8%€163,993▲ 75.4%€186,994▲ 14.0%€193,516▲ 3.5%€374,865▲ 93.7%
Net result€70,429above the sector's middle half▲ 37.9%€123,438above the sector's middle half▲ 75.3%€144,741above the sector's middle half▲ 17.3%€146,355above the sector's middle half▲ 1.1%€263,888above the sector's middle half▲ 80.3%
Equity€20,586below the sector's middle half▼ 0.3%€20,524below the sector's middle half▼ 0.3%€21,266below the sector's middle half▲ 3.6%€37,620within the sector's middle half▲ 76.9%€238,509within the sector's middle half▲ 534%
Total assets€88,436below the sector's middle half▼ 19.6%€177,822within the sector's middle half▲ 101%€257,625within the sector's middle half▲ 44.9%€361,510within the sector's middle half▲ 40.3%€503,524above the sector's middle half▲ 39.3%
Debt€67,850▼ 24.1%€157,297▲ 132%€236,359▲ 50.3%€323,890▲ 37.0%€265,015▼ 18.2%
Working capital-€2,592below the sector's middle half-€563below the sector's middle half▲ 78.3%€38,719within the sector's middle half€169,124within the sector's middle half▲ 337%€196,742above the sector's middle half▲ 16.3%
Solvency23.3%below the sector's middle half▲ 4.5pp11.5%below the sector's middle half▼ 11.7pp8.3%below the sector's middle half▼ 3.3pp10.4%below the sector's middle half▲ 2.2pp47.4%within the sector's middle half▲ 37.0pp
Current ratio0.96below the sector's middle half▼ 0.071.00below the sector's middle half▲ 0.031.28within the sector's middle half▲ 0.282.28within the sector's middle half▲ 1.001.75within the sector's middle half▼ 0.52
Return on assets (ROA)79.6%above the sector's middle half▲ 33.2pp69.4%above the sector's middle half▼ 10.2pp56.2%above the sector's middle half▼ 13.2pp40.5%above the sector's middle half▼ 15.7pp52.4%above the sector's middle half▲ 11.9pp
Staff (FTE)1.1▲ 10.0%1▼ 9.1%1=1=1=
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 94% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €503,524
Fixed assets
€46,113 ▼ 23.1%
Current assets
€457,411 ▲ 51.7%
Equity and liabilities €503,524
Equity
€238,509 ▲ 534%
Debt
€265,015 ▼ 18.2%
Debt's share of the balance-sheet total falls from 89.6% to 52.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€394,251▲
2024 · €212,147
Cash flow
€283,274▲
2024 · €164,985
Debt to equity
1.11▼
2024 · 8.61
ROE
110.6%▼
2024 · 389.0%
Interest coverage
180.27▲
2024 · 119.90
Debt ≤ 1 year
€260,669▲
2024 · €132,394
Debt > 1 year
€4,346▼
2024 · €191,496
Income taxes
€109,028▲
2024 · €45,392
Staff costs
€46,161▲
2024 · €42,383
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 26,975 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €34,047 | €25,381 | €42,383 | €46,161 | ▲ 8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,287 | €11,530 | €12,879 | €18,631 | €19,385 | ▲ 4.0% |
| Other operating charges640/8 | - | €1,049 | €5,730 | €1,022 | €1,142 | ▲ 11.7% |
| Gross operating margin9900 | €145,122 | €210,618 | €230,984 | €255,552 | €441,553 | ▲ 72.8% |
| Operating profit (loss)9901 | €93,506 | €163,993 | €186,994 | €193,516 | €374,865 | ▲ 93.7% |
| Financial income75/76B | - | - | - | - | €238 | - |
| Recurring financial income75 | - | - | - | - | €238 | - |
| Financial charges65/66B | - | €108 | €1,714 | €1,769 | €2,187 | ▲ 23.6% |
| Recurring financial charges65 | €222 | €108 | €1,714 | €1,769 | €2,187 | ▲ 23.6% |
| Profit (loss) for the period before taxes9903 | €93,284 | €163,885 | €185,280 | €191,747 | €372,916 | ▲ 94.5% |
| Income taxes67/77 | €22,855 | €40,447 | €40,539 | €45,392 | €109,028 | ▲ 140% |
| Profit (loss) for the period9904 | €70,429 | €123,438 | €144,741 | €146,355 | €263,888 | ▲ 80.3% |
| Profit (loss) for the period to be appropriated9905 | €70,429 | €123,438 | €144,741 | €146,355 | €263,888 | ▲ 80.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €88,436 | €177,822 | €257,625 | €361,510 | €503,524 | ▲ 39.3% |
| Fixed assets21/28 | €23,178 | €21,088 | €78,623 | €59,992 | €46,113 | ▼ 23.1% |
| Tangible fixed assets22/27 | €23,178 | €21,088 | €78,623 | €59,992 | €46,113 | ▼ 23.1% |
| Furniture and vehicles24 | - | €14,701 | €70,165 | €53,518 | €38,186 | ▼ 28.6% |
| Other tangible fixed assets26 | - | €6,386 | €8,458 | €6,474 | €7,927 | ▲ 22.4% |
| Current assets29/58 | €65,258 | €156,734 | €179,002 | €301,518 | €457,411 | ▲ 51.7% |
| Amounts receivable within one year40/41 | €15,901 | €32,307 | €32,549 | €224,445 | €317,820 | ▲ 41.6% |
| Trade receivables40 | - | €32,307 | €32,549 | €37,068 | €132,444 | ▲ 257% |
| Other amounts receivable41 | - | - | - | €187,376 | €185,376 | ▼ 1.1% |
| Cash at bank and in hand54/58 | €49,357 | €122,175 | €144,831 | €75,451 | €137,187 | ▲ 81.8% |
| Deferred charges and accrued income490/1 | - | €2,252 | €1,622 | €1,622 | €2,404 | ▲ 48.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €88,436 | €177,822 | €257,625 | €361,510 | €503,524 | ▲ 39.3% |
| Equity10/15 | €20,586 | €20,524 | €21,266 | €37,620 | €238,509 | ▲ 534% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €18,160 | €218,160 | ▲ 1,101% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €16,300 | €216,300 | ▲ 1,227% |
| Profit (loss) carried forward14 | €126 | €64 | €806 | €860 | €1,749 | ▲ 103% |
| Amounts payable17/49 | €67,850 | €157,297 | €236,359 | €323,890 | €265,015 | ▼ 18.2% |
| Amounts payable after more than one year17 | - | - | €96,076 | €191,496 | €4,346 | ▼ 97.7% |
| Financial debts170/4 | - | - | €36,076 | €20,996 | €4,346 | ▼ 79.3% |
| Other amounts payable178/9 | - | - | €60,000 | €170,500 | - | - |
| Amounts payable within one year42/48 | €67,850 | €157,297 | €140,283 | €132,394 | €260,669 | ▲ 96.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €22,293 | €23,413 | ▲ 5.0% |
| Financial debts43 | - | - | €14,528 | - | - | - |
| Credit institutions430/8 | - | - | €14,528 | - | - | - |
| Trade debts44 | €498 | €1,964 | €1,046 | €1,391 | €2,529 | ▲ 81.8% |
| Suppliers440/4 | - | €1,964 | €1,046 | €1,391 | €2,529 | ▲ 81.8% |
| Taxes, remuneration and social security45 | - | €52,796 | €45,456 | €26,556 | €63,269 | ▲ 138% |
| Taxes450/3 | - | €46,078 | €41,234 | €19,625 | €55,096 | ▲ 181% |
| Remuneration and social security454/9 | - | €6,718 | €4,222 | €6,931 | €8,173 | ▲ 17.9% |
| Other amounts payable47/48 | - | €102,538 | €79,253 | €82,153 | €171,458 | ▲ 109% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €70,429 | €123,438 | €144,741 | €146,355 | €263,888 | ▲ 80.3% |
| + Depreciation and write-downs630 | €11,287 | €11,530 | €12,879 | €18,631 | €19,385 | ▲ 4.0% |
| Operating cash flow (approximation) | €81,716 | €134,968 | €157,621 | €164,985 | €283,274 | ▲ 71.7% |
| Investment in fixed assets (approximation) | - | -€9,440 | -€70,415 | €0 | -€5,506 | - |
| Change in cash | - | €72,819 | €22,655 | -€69,380 | €61,736 | ▲ 189% |
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
05-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €263,888 ▲80.3%
Operating result €374,865, net result €263,888, both a record.
30-09
Financial
Equity above €200,000Eq €238,509 ▲534%
8 profitable years in a row build equity to €238,509.
14-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
11-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
16-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
13-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro 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.
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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, Flobecq · 1 establishment unit since 2017
Ground area
5,537 m²
Building footprint
437 m²
Volume, LiDAR
2,656 m³
2 parcels, Wallonia · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Docteur Degavrestraat 55, 7880 Flobecq
since 20172.265.537.344
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51019A1032/00D000 | Wallonia | 4,499 m² | 1 · 288 m² | 7.8 m · 2 fl. |
| 51019F0806/00V009 | Wallonia | 1,038 m² | 1 · 148 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,641. 6,236 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
Founded27-04-2017
Fiscal year end30-09
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0674914122
Registered
13-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.