GL-INC

Active

Private limited companyfounded 20223 yrs activeCipressenstraat 15, 8300 Knokke-Heist, BelgiumKBO/BCE: BE 0795.174.821

The computed 12-month bankruptcy probability of GL-INC is 2.3% (moderate). The 2025 annual accounts show equity of €69k and a net result of €11k. Equity is growing by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 80% of 7655 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

100 / 100

Excellent▲ +7 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability78▼-10

Solvency100▲+3

Growth52=

Stability94

Bankruptcy probability, 12 months

2.3% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €7k at 30 days acceptable

Liquidity ample (current ratio 3.47 against 2.26 in 2024), and 28.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

71.2%

Return on assets

11.2%

Age of the figures

11 mo

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 07-04-2026, 23 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

23 d early

2024

16 d early

2023

4 d early

← before the deadline after the deadline →

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.

Companies Code · seven months

Position in the running window

11-09-2026 today30-09-2026 close30-04-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity

€69k▲ 18.6%

2024 · €58k

2023: €48k 2024: €58k

2023 → 2025

Total assets

€97k▼ 7.1%

2024 · €105k

2023: €71k 2024: €105k

2023 → 2025

Net result

€11k▲ 5.5%

2024 · €10k

2023: €43k 2024: €10k

2023 → 2025

Working capital

€69k▲ 18.9%

2024 · €58k

2023: €47k 2024: €58k

2023 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202320242025Trend

Equity€48k-€58k▲ 21.4%€69k▲ 18.6%

Operating result€55k-€14k▼ 73.9%€14k▼ 2.6%

Net result€43k-€10k▼ 76.2%€11k▲ 5.5%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2025 is 3% below 2024 and is the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €97k

100.0%

Fixed assets €0▼ 99.7%

Current assets €97k▼ 7.0%

Equity and liabilities €97k

71.2%

28.8%

Equity €69k▲ 18.6%

Debt €28k▼ 39.5%

The debt ratio falls from 44.2% to 28.8%: equity grows while debt is paid down.

Key figures and ratios

2025 value · change against 2024

EBITDA

€14k▼

2024 · €15k

Cash flow

€11k▲

2024 · €11k

Solvency

71.2%▲

2024 · 55.8%

Current ratio

3.47▲

2024 · 2.26

Quick ratio

2.76▲

2024 · 1.80

Debt / equity

0.40▼

2024 · 0.79

ROE

15.7%▼

2024 · 17.6%

ROA

11.2%▲

2024 · 9.8%

Interest coverage

14.98▲

2024 · 12.78

Debt

€28k▼

2024 · €46k

Debt ≤ 1 year

€28k▼

2024 · €46k

Income taxes

€3k▼

2024 · €3k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€105k€97k▼

Fixed assets21/28€150€0▼

Intangible fixed assets21€1€0▼

Tangible fixed assets22/27€150-

Plant, machinery and equipment23€6-

Furniture and vehicles24€144-

Current assets29/58€105k€97k▼

Stocks and contracts in progress3€21k€20k▼

Stocks30/36€21k€20k▼

Amounts receivable within one year40/41€56k€53k▼

Trade receivables40€35k€25k▼

Other amounts receivable41€21k€28k▲

Cash at bank and in hand54/58€146€146=

Deferred charges and accrued income490/1€27k€24k▼

Equity and liabilities

Total equity and liabilities10/49€105k€97k▼

Equity10/15€58k€69k▲

Contributions10/11€5k€5k=

Reserves13€53k€64k▲

Distributable reserves133€53k€64k▲

Amounts payable17/49€46k€28k▼

Amounts payable within one year42/48€46k€28k▼

Financial debts43€4k€10k▲

Credit institutions430/8€4k€10k▲

Trade debts44€39k€15k▼

Suppliers440/4€39k€15k▼

Taxes, remuneration and social security45€4k€4k▲

Taxes450/3€4k€4k▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€675€150▼

Other operating charges640/8€917€877▼

Gross operating margin9900€16k€15k▼

Operating profit (loss)9901€14k€14k▼

Financial income75/76B€564€1k▲

Recurring financial income75€564€1k▲

Financial charges65/66B€1k€941▼

Recurring financial charges65€1k€941▼

Profit (loss) for the period before taxes9903€14k€14k▲

Income taxes67/77€3k€3k▼

Profit (loss) for the period9904€10k€11k▲

Profit (loss) for the period to be appropriated9905€10k€11k▲

Appropriation of the result

Profit (loss) to be appropriated9906€10k€11k▲

Transfer to equity691/2€10k€11k▲

To other reserves6921€10k€11k▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 4Financial 1Filings 3

Next filing, fiscal year 2026, expected by 30-04-2027

2026

07-04

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

14-04

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

30-09

Financial Weakest financial yearnet €10k ▼76.2%

Net result drops to €10k, the lowest in the series; recovery starts the following year.

26-04

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 1 act read

About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not 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

1 act for this company is 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, Knokke-Heist · 1 establishment unit since 2022

exact location from the address register On OpenStreetMap

Ground area

202 m²

Building footprint

100 m²

Parcel 31013D0236/00R000, Flanders. Linked by address, not a title deed.

1 establishment unit

GL-INC

Cipressenstraat 15, 8300 Knokke-HeistConstruction of utility projects for electricity and telecommunications

since 20222.339.824.201

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
31013D0236/00R000	Flanders	201 m²	1 · 100 m²	0.0 m

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Bilzen-Hoeselt · Eq €69k

Of 22,731 companies in sector 43211 we hold annual accounts for 10,272. 8,707 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded21-12-2022

Fiscal year end30-09

Activities, NACEBEL

43211General electrical installation work

42220Construction of utility projects for electricity and telecommunications

43212Electrical installation work in industrial facilities

52230Warehousing and support activities for transportation

80090Investigation and security activities

80200Investigation and security activities

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.