GL NET
ActiveSummary
The computed 12-month bankruptcy probability of GL NET is 3.1% (moderate). The 2025 annual accounts show equity of €4k and a net result of €-206. Equity is shrinking by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 30% of 4522 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability28▼-36
Solvency47▼-7
Growth32=
Track record94
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.26 against 1.36 in 2024; short-term debt: 78.3% and cash: 1.9% of total assets), and 78.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
21.7%
Return on assets
-1.1%
Age of the figures
9 mo
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 10-07-2026, 21 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
21 d early
2024
7 d early
2023
30 d early
2022
18 d early
← 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
€4k▼ 4.8%
2024 · €4k
2022: €6khighest in 4 years
2023: €4k▼ -42.1% vs 2022lowest in 4 years
2024: €4k▲ +20.5% vs 2023
2025: €4k▼ -4.8% vs 2024
2022 → 2025
Total assets
€19k▲ 27.4%
2024 · €15k
2022: €16k
2023: €14k▼ -12.1% vs 2022lowest in 4 years
2024: €15k▲ +3.1% vs 2023
2025: €19k▲ +27.4% vs 2024highest in 4 years
2022 → 2025
Net result
€-206
2024 · €726
2022: €3khighest in 4 years
2023: €-3k▼ -183% vs 2022lowest in 4 years
2024: €726▲ +128% vs 2023
2025: €-206▼ -128% vs 2024
2022 → 2025
Working capital
€4k=
2024 · €4k
2022: €6khighest in 4 years
2023: €4k▼ -42.1% vs 2022lowest in 4 years
2024: €4k▲ +6.1% vs 2023
2025: €4k● -0.0% vs 2024
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€6k-€4k▼ 42.1%€4k▲ 20.5%€4k▼ 4.8%
2022: €6khighest in 4 years
2023: €4k▼ -42.1% vs 2022lowest in 4 years
2024: €4k▲ +20.5% vs 2023
2025: €4k▼ -4.8% vs 2024
Operating result€4k-€-2k€1k€2k▲ 35.3%
2022: €4khighest in 4 years
2023: €-2k▼ -151% vs 2022lowest in 4 years
2024: €1k▲ +159% vs 2023
2025: €2k▲ +35.3% vs 2024
Net result€3k-€-3k€726€-206
2022: €3khighest in 4 years
2023: €-3k▼ -183% vs 2022lowest in 4 years
2024: €726▲ +128% vs 2023
2025: €-206▼ -128% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 35% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19k
Fixed assets
€304 ▼ 40.3%
Current assets
€18k ▲ 29.9%
Equity and liabilities €19k
Equity
€4k ▼ 4.8%
Debt
€15k ▲ 40.7%
Debt's share of the balance-sheet total rises from 70.9% to 78.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2k▲
2024 · €1k
Cash flow
€-1▼
2024 · €832
Current ratio
1.26▼
2024 · 1.36
Debt to equity
3.60▲
2024 · 2.44
ROE
-5.1%▼
2024 · 17.0%
ROA
-1.1%▼
2024 · 4.9%
Interest coverage
1.22▼
2024 · 4.75
Debt ≤ 1 year
€15k▲
2024 · €10k
Income taxes
€417▲
2024 · €309
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 · 35 lines
Balance sheet
Code20242025
Assets
Total assets20/58€15k€19k▲
Fixed assets21/28€509€304▼
Tangible fixed assets22/27€509€304▼
Plant, machinery and equipment23€509€304▼
Current assets29/58€14k€18k▲
Amounts receivable within one year40/41€13k€18k▲
Trade receivables40€11k€14k▲
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€90€353▲
Deferred charges and accrued income490/1€1k€353▼
Equity and liabilities
Total equity and liabilities10/49€15k€19k▲
Equity10/15€4k€4k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€1k€1k▼
Amounts payable17/49€10k€15k▲
Amounts payable within one year42/48€10k€15k▲
Trade debts44€3k€7k▲
Suppliers440/4€3k€7k▲
Taxes, remuneration and social security45€7k€7k▲
Taxes450/3€4k€4k▲
Remuneration and social security454/9€3k€3k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€106€205▲
Other operating charges640/8€712€694▼
Gross operating margin9900€2k€3k▲
Operating profit (loss)9901€1k€2k▲
Financial income75/76B€52€64▲
Recurring financial income75€52€64▲
Financial charges65/66B€291€2k▲
Recurring financial charges65€291€2k▲
Profit (loss) for the period before taxes9903€1k€211▼
Income taxes67/77€309€417▲
Profit (loss) for the period9904€726€-206▼
Profit (loss) for the period to be appropriated9905€726€-206▼
Appropriation of the result
Profit (loss) to be appropriated9906€1k€1k▼
Profit (loss) brought forward from the previous period14P€546€1k▲
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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €106 | €205 | ▲ 93.7% |
| Other operating charges640/8 | €633 | €951 | €712 | €694 | ▼ 2.4% |
| Gross operating margin9900 | €5k | €-1k | €2k | €3k | ▲ 25.4% |
| Operating profit (loss)9901 | €4k | €-2k | €1k | €2k | ▲ 35.3% |
| Financial income75/76B | €100 | €75 | €52 | €64 | ▲ 23.2% |
| Recurring financial income75 | €100 | €75 | €52 | €64 | ▲ 23.2% |
| Financial charges65/66B | €317 | €489 | €291 | €2k | ▲ 442% |
| Recurring financial charges65 | €317 | €489 | €291 | €2k | ▲ 442% |
| Profit (loss) for the period before taxes9903 | €4k | €-3k | €1k | €211 | ▼ 79.6% |
| Income taxes67/77 | €931 | €-1 | €309 | €417 | ▲ 35.1% |
| Profit (loss) for the period9904 | €3k | €-3k | €726 | €-206 | ▼ 128% |
| Profit (loss) for the period to be appropriated9905 | €3k | €-3k | €726 | €-206 | ▼ 128% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €16k | €14k | €15k | €19k | ▲ 27.4% |
| Fixed assets21/28 | - | - | €509 | €304 | ▼ 40.3% |
| Tangible fixed assets22/27 | - | - | €509 | €304 | ▼ 40.3% |
| Plant, machinery and equipment23 | - | - | €509 | €304 | ▼ 40.3% |
| Current assets29/58 | €16k | €14k | €14k | €18k | ▲ 29.9% |
| Amounts receivable within one year40/41 | €15k | €13k | €13k | €18k | ▲ 37.5% |
| Trade receivables40 | €15k | €11k | €11k | €14k | ▲ 32.0% |
| Other amounts receivable41 | €659 | €2k | €2k | €3k | ▲ 68.0% |
| Cash at bank and in hand54/58 | €394 | €803 | €90 | €353 | ▲ 290% |
| Deferred charges and accrued income490/1 | €348 | €349 | €1k | €353 | ▼ 70.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €16k | €14k | €15k | €19k | ▲ 27.4% |
| Equity10/15 | €6k | €4k | €4k | €4k | ▼ 4.8% |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €3k | €546 | €1k | €1k | ▼ 16.2% |
| Amounts payable17/49 | €10k | €11k | €10k | €15k | ▲ 40.7% |
| Amounts payable within one year42/48 | €10k | €11k | €10k | €15k | ▲ 40.7% |
| Trade debts44 | €1k | €4k | €3k | €7k | ▲ 128% |
| Suppliers440/4 | €1k | €4k | €3k | €7k | ▲ 128% |
| Taxes, remuneration and social security45 | €9k | €6k | €7k | €7k | ▲ 0.4% |
| Taxes450/3 | €4k | €3k | €4k | €4k | ▲ 0.7% |
| Remuneration and social security454/9 | €5k | €3k | €3k | €3k | = |
| Other amounts payable47/48 | €414 | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €-3k | €726 | €-206 | ▼ 128% |
| + Depreciation and write-downs630 | - | - | €106 | €205 | ▲ 93.7% |
| Operating cash flow (approximation) | €3k | €-3k | €832 | €-1 | ▼ 100% |
| Investment in fixed assets (approximation) | - | - | - | €0 | - |
| Change in cash | - | €409 | €-713 | €263 | ▲ 137% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €726
Net result €726 after one loss-making year.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Beauvechain
Ground area
792 m²
Building footprint
106 m²
Parcel 25005B0180/00M002, Wallonia. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25005B0180/00M002 | Wallonia | 792 m² | 1 · 106 m² | - |
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.
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Of 7,352 companies in sector 81210 we hold annual accounts for 2,733. 1,184 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
Founded19-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
81210General cleaning of buildings
Contact
E-mail
nettoyage-gl@hotmail.com
Scores and ratios are computed by Checked and are not a credit decision.