GL Installation
ActiveSummary
The computed 12-month bankruptcy probability of GL Installation is 2.6% (moderate). The 2025 annual accounts show equity of €8k and a net result of €73. Its solvency ranks better than 21% of 27965 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-9
Solvency45▲+6
Growth52
Track record82
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 21%
← weakest
strongest →
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 06-07-2026, 25 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
25 d early
2024
28 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€8k▲ 0.9%
2024 · €8k
2024: €8k
2025: €8k▲ +0.9% vs 2024
2024 → 2025
Total assets
€40k▼ 30.0%
2024 · €57k
2024: €57k
2025: €40k▼ -30.0% vs 2024
2024 → 2025
Net result
€73▼ 98.3%
2024 · €4k
2024: €4k
2025: €73▼ -98.3% vs 2024
2024 → 2025
Working capital
€-19k▲ 1.3%
2024 · €-20k
2024: €-20k
2025: €-19k▲ +1.3% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€8k-€8k▲ 0.9%
2024: €8k
2025: €8k▲ +0.9% vs 2024
Operating result€8k-€5k▼ 34.2%
2024: €8k
2025: €5k▼ -34.2% vs 2024
Net result€4k-€73▼ 98.3%
2024: €4k
2025: €73▼ -98.3% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 34% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €40k
Fixed assets
€36k ▼ 27.3%
Current assets
€4k ▼ 49.2%
Equity and liabilities €40k
Equity
€8k ▲ 0.9%
Debt
€32k ▼ 34.9%
Debt's share of the balance-sheet total falls from 86.4% to 80.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€19k▲
2024 · €13k
Cash flow
€14k▲
2024 · €9k
Current ratio
0.16▼
2024 · 0.27
Debt to equity
4.11▼
2024 · 6.37
ROE
0.9%▼
2024 · 55.0%
ROA
0.2%▼
2024 · 7.5%
Interest coverage
11.25▼
2024 · 14.40
Debt ≤ 1 year
€23k▼
2024 · €27k
Debt > 1 year
€9k▼
2024 · €23k
Income taxes
€3k▲
2024 · €3k
Staff costs
€44k▲
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€57k€40k▼
Fixed assets21/28€50k€36k▼
Tangible fixed assets22/27€50k€36k▼
Furniture and vehicles24€50k€36k▼
Current assets29/58€7k€4k▼
Amounts receivable within one year40/41€568€1k▲
Trade receivables40€12€19▲
Other amounts receivable41€556€1k▲
Cash at bank and in hand54/58€7k€2k▼
Deferred charges and accrued income490/1-€592
Equity and liabilities
Total equity and liabilities10/49€57k€40k▼
Equity10/15€8k€8k▲
Contributions10/11€4k€4k=
Reserves13€4k€4k▲
Distributable reserves133€4k€4k▲
Amounts payable17/49€49k€32k▼
Amounts payable after more than one year17€23k€9k▼
Financial debts170/4€23k€9k▼
Amounts payable within one year42/48€27k€23k▼
Current portion of amounts payable after more than one year42€13k€14k▲
Financial debts43-€3k
Credit institutions430/8-€3k
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Taxes, remuneration and social security45€4k€4k▼
Taxes450/3€3k€3k▲
Remuneration and social security454/9€1k€741▼
Other amounts payable47/48€5k€278▼
Income statement
Code20242025
Remuneration, social security and pensions62€9k€44k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€14k▲
Other operating charges640/8€1k€534▼
Gross operating margin9900€23k€64k▲
Operating profit (loss)9901€8k€5k▼
Financial income75/76B-€3
Recurring financial income75-€3
Financial charges65/66B€870€2k▲
Recurring financial charges65€870€2k▲
Profit (loss) for the period before taxes9903€7k€4k▼
Income taxes67/77€3k€3k▲
Profit (loss) for the period9904€4k€73▼
Profit (loss) for the period to be appropriated9905€4k€73▼
Appropriation of the result
Profit (loss) to be appropriated9906€4k€73▼
Transfer to equity691/2€4k€73▼
To other reserves6921€4k€73▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €9k | €44k | ▲ 407% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €14k | ▲ 197% |
| Other operating charges640/8 | €1k | €534 | ▼ 61.1% |
| Gross operating margin9900 | €23k | €64k | ▲ 182% |
| Operating profit (loss)9901 | €8k | €5k | ▼ 34.2% |
| Financial income75/76B | - | €3 | - |
| Recurring financial income75 | - | €3 | - |
| Financial charges65/66B | €870 | €2k | ▲ 93.1% |
| Recurring financial charges65 | €870 | €2k | ▲ 93.1% |
| Profit (loss) for the period before taxes9903 | €7k | €4k | ▼ 49.9% |
| Income taxes67/77 | €3k | €3k | ▲ 24.6% |
| Profit (loss) for the period9904 | €4k | €73 | ▼ 98.3% |
| Profit (loss) for the period to be appropriated9905 | €4k | €73 | ▼ 98.3% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €57k | €40k | ▼ 30.0% |
| Fixed assets21/28 | €50k | €36k | ▼ 27.3% |
| Tangible fixed assets22/27 | €50k | €36k | ▼ 27.3% |
| Furniture and vehicles24 | €50k | €36k | ▼ 27.3% |
| Current assets29/58 | €7k | €4k | ▼ 49.2% |
| Amounts receivable within one year40/41 | €568 | €1k | ▲ 120% |
| Trade receivables40 | €12 | €19 | ▲ 58.1% |
| Other amounts receivable41 | €556 | €1k | ▲ 121% |
| Cash at bank and in hand54/58 | €7k | €2k | ▼ 73.0% |
| Deferred charges and accrued income490/1 | - | €592 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €57k | €40k | ▼ 30.0% |
| Equity10/15 | €8k | €8k | ▲ 0.9% |
| Contributions10/11 | €4k | €4k | = |
| Reserves13 | €4k | €4k | ▲ 1.7% |
| Distributable reserves133 | €4k | €4k | ▲ 1.7% |
| Amounts payable17/49 | €49k | €32k | ▼ 34.9% |
| Amounts payable after more than one year17 | €23k | €9k | ▼ 59.2% |
| Financial debts170/4 | €23k | €9k | ▼ 59.2% |
| Amounts payable within one year42/48 | €27k | €23k | ▼ 14.0% |
| Current portion of amounts payable after more than one year42 | €13k | €14k | ▲ 4.2% |
| Financial debts43 | - | €3k | - |
| Credit institutions430/8 | - | €3k | - |
| Trade debts44 | €4k | €2k | ▼ 52.0% |
| Suppliers440/4 | €4k | €2k | ▼ 52.0% |
| Taxes, remuneration and social security45 | €4k | €4k | ▼ 4.4% |
| Taxes450/3 | €3k | €3k | ▲ 10.9% |
| Remuneration and social security454/9 | €1k | €741 | ▼ 39.2% |
| Other amounts payable47/48 | €5k | €278 | ▼ 94.7% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €73 | ▼ 98.3% |
| + Depreciation and write-downs630 | €5k | €14k | ▲ 197% |
| Operating cash flow (approximation) | €9k | €14k | ▲ 55.0% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €-5k | - |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
NBB filing
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.
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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, Maaseik · 1 establishment unit since 2024
Ground area
1,415 m²
Building footprint
562 m²
Volume, LiDAR
2,121 m³
Parcel 72024D0844/00E000, Flanders · tallest building 7.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
GL Installation
since 20242.357.088.023
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72024D0844/00E000 | Flanders | 1,415 m² | 1 · 562 m² | 7.1 m · 1 fl. |
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.
Similar companies · same sector, comparable size
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CHAUFFAGE & O
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Of 22,832 companies in sector 43211 we hold annual accounts for 10,326. 4,845 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
Founded15-03-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
Scores and ratios are computed by Checked and are not a credit decision.