GL PC
ActiveSummary
GL PC has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €327,851 and a net result of -€51,709. Equity is growing by ~25.4% per year across the filed fiscal years. Its solvency ranks better than 68% of 18537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability8▼-72
Solvency80▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 2.13 against 2.04 in 2024; short-term debt: 44.7% and cash: 37.2% of total assets), and 44.7% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
on the day
2023
31 d late
2022
2 d late
2021
on the day
2020
4 d late
2019
38 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 4 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€327,851▼ 13.6%
2024 · €379,560
Total assets
€592,593▼ 15.9%
2024 · €704,872
Net result
-€51,709
2024 · €65,163
Working capital
€300,084▼ 11.4%
2024 · €338,752
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€102,834▲ 38.1%€86,620▼ 15.8%€91,905▲ 6.1%€92,431▲ 0.6%-€49,110
Net result€66,114▼ 4.3%€55,978▼ 15.3%€60,497▲ 8.1%€65,163▲ 7.7%-€51,709
Equity€197,922▲ 50.2%€253,900▲ 28.3%€314,396▲ 23.8%€379,560▲ 20.7%€327,851▼ 13.6%
Total assets€486,115▲ 21.8%€512,023▲ 5.3%€612,698▲ 19.7%€704,872▲ 15.0%€592,593▼ 15.9%
Debt€288,193▲ 7.8%€258,124▼ 10.4%€298,302▲ 15.6%€325,313▲ 9.1%€264,742▼ 18.6%
Working capital€149,740▲ 13.9%€205,069▲ 36.9%€260,506▲ 27.0%€338,752▲ 30.0%€300,084▼ 11.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €49,110 after €92,431 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €592,593
Fixed assets
€27,767 ▼ 32.0%
Current assets
€564,826 ▼ 14.9%
Equity and liabilities €592,593
Equity
€327,851 ▼ 13.6%
Debt
€264,742 ▼ 18.6%
Debt's share of the balance-sheet total falls from 46.2% to 44.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€33,707▼
2024 · €106,453
Cash flow
-€36,306▼
2024 · €79,185
Current ratio
2.13▲
2024 · 2.04
Quick ratio
1.72▲
2024 · 1.36
Debt to equity
0.81▼
2024 · 0.86
ROE
-15.8%▼
2024 · 17.2%
ROA
-8.7%▼
2024 · 9.2%
Interest coverage
-11.34▼
2024 · 45.41
Debt ≤ 1 year
€264,742▼
2024 · €325,313
Income taxes
€0▼
2024 · €33,319
Staff costs
€169,766▼
2024 · €294,791
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 8,594 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 | €230,668 | €244,797 | €299,805 | €294,791 | €169,766 | ▼ 42.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,051 | €13,558 | €14,665 | €14,021 | €15,403 | ▲ 9.9% |
| Other operating charges640/8 | €8,584 | €1,995 | €2,788 | €1,674 | €2,275 | ▲ 35.9% |
| Gross operating margin9900 | €353,137 | €346,970 | €409,162 | €402,918 | €138,334 | ▼ 65.7% |
| Operating profit (loss)9901 | €102,834 | €86,620 | €91,905 | €92,431 | -€49,110 | ▼ 153% |
| Financial income75/76B | €342 | €325 | €183 | €8,395 | €374 | ▼ 95.5% |
| Recurring financial income75 | €342 | €325 | €183 | €8,395 | €374 | ▼ 95.5% |
| Financial charges65/66B | €5,028 | €2,752 | €895 | €2,344 | €2,972 | ▲ 26.8% |
| Recurring financial charges65 | €5,028 | €2,752 | €895 | €2,344 | €2,972 | ▲ 26.8% |
| Profit (loss) for the period before taxes9903 | €98,148 | €84,192 | €91,192 | €98,482 | -€51,709 | ▼ 153% |
| Income taxes67/77 | €32,035 | €28,215 | €30,695 | €33,319 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €66,114 | €55,978 | €60,497 | €65,163 | -€51,709 | ▼ 179% |
| Profit (loss) for the period to be appropriated9905 | €66,114 | €55,978 | €60,497 | €65,163 | -€51,709 | ▼ 179% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €486,115 | €512,023 | €612,698 | €704,872 | €592,593 | ▼ 15.9% |
| Formation expenses20 | €0 | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €48,181 | €48,830 | €53,891 | €40,807 | €27,767 | ▼ 32.0% |
| Intangible fixed assets21 | €35,651 | €26,891 | €18,131 | €9,371 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €12,530 | €21,939 | €35,760 | €31,436 | €27,767 | ▼ 11.7% |
| Land and buildings22 | €6,816 | €11,070 | €31,439 | - | - | - |
| Plant, machinery and equipment23 | €3,697 | €6,381 | €4,307 | €3,126 | €1,676 | ▼ 46.4% |
| Furniture and vehicles24 | €2,017 | €4,488 | €14 | €710 | €2,329 | ▲ 228% |
| Other tangible fixed assets26 | - | €0 | - | €27,600 | €23,762 | ▼ 13.9% |
| Current assets29/58 | €437,934 | €463,193 | €558,807 | €664,065 | €564,826 | ▼ 14.9% |
| Amounts receivable after more than one year29 | - | - | - | - | €100,000 | - |
| Trade receivables290 | - | - | - | - | €100,000 | - |
| Stocks and contracts in progress3 | €202,511 | €205,308 | €223,259 | €222,095 | €109,825 | ▼ 50.6% |
| Stocks30/36 | €202,511 | €205,308 | €223,259 | €222,095 | €109,825 | ▼ 50.6% |
| Amounts receivable within one year40/41 | €22,943 | €12,494 | €13,499 | €13,499 | €134,306 | ▲ 895% |
| Trade receivables40 | €22,940 | €12,486 | €13,481 | €13,481 | €119,288 | ▲ 785% |
| Other amounts receivable41 | €3 | €8 | €18 | €18 | €15,018 | ▲ 84,746% |
| Current investments50/53 | - | - | €200,000 | - | - | - |
| Cash at bank and in hand54/58 | €212,479 | €245,391 | €119,732 | €428,471 | €220,695 | ▼ 48.5% |
| Deferred charges and accrued income490/1 | - | - | €2,317 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €486,115 | €512,023 | €612,698 | €704,872 | €592,593 | ▼ 15.9% |
| Equity10/15 | €197,922 | €253,900 | €314,396 | €379,560 | €327,851 | ▼ 13.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €162,243 | €218,221 | €278,718 | €343,881 | €343,881 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €160,383 | €216,361 | €276,858 | €342,021 | €342,021 | = |
| Profit (loss) carried forward14 | €17,078 | €17,078 | €17,078 | €17,078 | -€34,630 | ▼ 303% |
| Amounts payable17/49 | €288,193 | €258,124 | €298,302 | €325,313 | €264,742 | ▼ 18.6% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - |
| Financial debts170/4 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €288,193 | €258,124 | €298,302 | €325,313 | €264,742 | ▼ 18.6% |
| Current portion of amounts payable after more than one year42 | €11,629 | €0 | - | €5,000 | €6,250 | ▲ 25.0% |
| Financial debts43 | - | - | - | - | €82 | - |
| Credit institutions430/8 | - | - | - | - | €82 | - |
| Trade debts44 | €15,235 | €19,130 | €4,724 | €60,640 | €57,458 | ▼ 5.2% |
| Suppliers440/4 | €15,235 | €19,130 | €4,724 | €60,640 | €57,458 | ▼ 5.2% |
| Taxes, remuneration and social security45 | €83,528 | €84,185 | €102,924 | €82,448 | €36,508 | ▼ 55.7% |
| Taxes450/3 | €36,909 | €43,848 | €54,990 | €31,871 | €5,314 | ▼ 83.3% |
| Remuneration and social security454/9 | €46,619 | €40,337 | €47,935 | €50,577 | €31,194 | ▼ 38.3% |
| Other amounts payable47/48 | €177,802 | €154,808 | €190,654 | €177,224 | €164,445 | ▼ 7.2% |
| Accrued charges and deferred income492/3 | €0 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €66,114 | €55,978 | €60,497 | €65,163 | -€51,709 | ▼ 179% |
| + Depreciation and write-downs630 | €11,051 | €13,558 | €14,665 | €14,021 | €15,403 | ▲ 9.9% |
| Operating cash flow (approximation) | €77,164 | €69,536 | €75,162 | €79,185 | -€36,306 | ▼ 146% |
| Investment in fixed assets (approximation) | - | -€14,207 | -€19,725 | -€938 | -€2,363 | ▼ 152% |
| Change in cash | - | €32,912 | -€125,659 | €308,739 | -€207,775 | ▼ 167% |
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
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
30-09
Financial
Equity above €200,000Eq €253,900 ▲28.3%
4 profitable years in a row build equity to €253,900.
30-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Equity above €150,000Eq €197,922 ▲50.2%
3 profitable years in a row build equity to €197,922.
04-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
2020
30-09
Financial
Highest result since 2018net €69,104 ▲226%
Net result €69,104, the highest in the series.
30-09
Financial
Equity above €100,000Eq €131,808 ▲110%
2 profitable years in a row build equity to €131,808.
23-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €21,169
Net result €21,169 after one loss-making year.
Show earlier events
30-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Pelt · 1 establishment unit since 2005
Ground area
5,073 m²
Building footprint
2,759 m²
Volume, LiDAR
60,354 m³
2 parcels, Flanders · tallest building 29.2 m, ±8 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
GL PC
since 20052.150.728.243
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71353F0065/00V003 | Flanders | 3,453 m² | 1 · 2,606 m² | 29.2 m · 8 fl. |
| 72029C0524/00K000 | Flanders | 1,620 m² | 1 · 153 m² | 7.9 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Truiden2.150.728.243
Dual-learning approval
3 endedWinkelbediende (so)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)
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Of 1,330 companies in sector 47762 we hold annual accounts for 479. 348 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
Founded14-12-2005
Fiscal year end30-09
Activities, NACEBEL 2025
47762Retail sale of pets, pet food and pet supplies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0877900874
Registered
31-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.