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GL PRODUCTION

Active
Private limited companyfounded 201114 yrs activeMoorselsteenweg 12, 1933 Zaventem, BelgiumKBO/BCE: BE 0841.078.981

GL PRODUCTION has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3k and a net result of €963. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 951 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Checked score

Score 2025
45 / 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability43▲+38
Solvency32▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
elevated failure risk from 2 to 8 years 14 years 0 20 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Sector 18
lower
← 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 2025
Solvency, return and age of the figures
Solvency
7%
Return on assets
2%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 951 sector peers (2025).
NBB · sector comparison
Position among 951 sector peers
Solvency
better than 19%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
2 d early
2024
5 d late
2023
1 d early
2022
1 d early
2021
on the day
2020
5 d early
2019
16 d early
← before the deadline after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-06-2026 close17-09-2026 today31-01-2027 deadline
neutral · 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, micro schema

Equity
€3k▲ 39.7%
2024 · €2k
2019: €-6k 2020: €2k 2021: €9k 2022: €6k 2023: €8k 2024: €2k
2019 → 2025
Total assets
€49k▼ 2.5%
2024 · €50k
2019: €37k 2020: €31k 2021: €18k 2022: €27k 2023: €31k 2024: €50k
2019 → 2025
Net result
€963
2024 · €-6k
2019: €-7k 2020: €8k 2021: €7k 2022: €-3k 2023: €2k 2024: €-6k
2019 → 2025
Working capital
€444
2024 · €-799
2019: €-24k 2020: €-10k 2021: €3k 2022: €-36 2023: €3k 2024: €-799
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€9k-€6k▼ 34.6%€8k▲ 34.6%€2k▼ 69.5%€3k▲ 39.7%
Operating result€11k-€-965€7k€-4k€2k
Net result€7k-€-3k€2k€-6k€963
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€-10k€-5k€0€5k€10kOperating result 2021: €11k€11kNet result 2021: €7k€7kOperating result 2022: €-965€-965Net result 2022: €-3k€-3kOperating result 2023: €7k€7kNet result 2023: €2k€2kOperating result 2024: €-4k€-4kNet result 2024: €-6k€-6kOperating result 2025: €2k€2kNet result 2025: €963€96320212022202320242025
The operating result returns to profit in 2025: €2k after a loss of €4k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €49k
Fixed assets €3k▼ 8.7%
Current assets €46k▼ 2.1%
Equity and liabilities €49k
Equity €3k▲ 39.7%
Debt €45k▼ 4.7%
The debt ratio falls from 95.1% to 93.0%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€4k
2024 · €-2k
Cash flow
€2k
2024 · €-4k
Solvency
7.0%
2024 · 4.9%
Current ratio
1.01
2024 · 0.98
Quick ratio
0.90
2024 · 0.87
Debt / equity
13.36
2024 · 19.58
ROE
28.4%
2024 · -227.6%
ROA
2.0%
2024 · -11.1%
Interest coverage
2.63
2024 · -1.32
Debt
€45k
2024 · €48k
Debt ≤ 1 year
€45k
2024 · €48k
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€50k€49k
Fixed assets21/28€3k€3k
Tangible fixed assets22/27€3k€3k
Plant, machinery and equipment23€113-
Furniture and vehicles24€3k€3k
Current assets29/58€47k€46k
Stocks and contracts in progress3€5k€5k=
Stocks30/36€5k€5k=
Amounts receivable within one year40/41€32k€40k
Trade receivables40€29k€26k
Other amounts receivable41€3k€14k
Cash at bank and in hand54/58€9k€510
Deferred charges and accrued income490/1€422-
Equity and liabilities
Total equity and liabilities10/49€50k€49k
Equity10/15€2k€3k
Contributions10/11€9k€9k=
Reserves13€178€178=
Non-distributable reserves130/1€178€178=
Reserves not available under the articles1311€178€178=
Profit (loss) carried forward14€-7k€-6k
Amounts payable17/49€48k€45k
Amounts payable within one year42/48€48k€45k
Financial debts43-€7k
Credit institutions430/8-€7k
Trade debts44€22k-
Suppliers440/4€22k-
Taxes, remuneration and social security45€1k€3k
Taxes450/3€1k-
Remuneration and social security454/9-€3k
Other amounts payable47/48€24k€35k
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k
Other operating charges640/8€543€695
Gross operating margin9900€-2k€4k
Operating profit (loss)9901€-4k€2k
Financial income75/76B€3-
Recurring financial income75€3-
Financial charges65/66B€2k€1k
Recurring financial charges65€2k€1k
Profit (loss) for the period before taxes9903€-6k€963
Profit (loss) for the period9904€-6k€963
Profit (loss) for the period to be appropriated9905€-6k€963
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€-6k
Profit (loss) brought forward from the previous period14P€-1k€-7k

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

Next filing, fiscal year 2026, expected by 31-01-2027
2026
07-09
State Gazette act Registered office · Other addresses · Legal-form change
General meeting · Legal-form conversion · Registered-office move5 facts ▸
  • General meeting, 2026-08-24
  • Legal-form conversion, SRL to BV
  • Registered-office move, 1933 Sterrebeek, Moorselsteenweg 12
  • Corporate purpose, reclamebelettering, de evenementensector, grafische vormgeving en zeefdruk; de handel in alle accessoires en uitrustingen voor de paardensport; binnen- en buite…
  • Capital
07-09
State Gazette act Registered office · Purpose · Statutes amendment · Legal-form change · Resignations & appointments
General meeting · Purpose change · Reserve release11 facts ▸
  • General meeting, 2026-08-24
  • Purpose change, La Société a pour objet, tant en Belgique qu’à l’étranger, pour compte propre ou pour compte de tiers ou en participation avec ceux-ci, toutes opérations se rap…
  • Reserve release, Suppression du compte de capitaux propres statutairement indisponible et mise à disposition des fonds pour distribution
  • Statutes amendment
  • Capital
  • Registered-office move, 1933 Sterrebeek, Moorselsteenweg 12
  • Director resignation, STEVENS Serge Edgard Vladimir (gérant)
  • Director discharge, STEVENS Serge Edgard Vladimir
  • Director appointment, STEVENS Serge Edgard Vladimir (administrateur)
  • Power of attorney, STEVENS Serge Edgard Vladimir
  • Form change, Société à responsabilité limitée
29-01
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial Back to profitnet €963
Net result €963 after one loss-making year.
05-02
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
30-01
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial Back to profitnet €2k
Net result €2k after one loss-making year.
30-01
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial Liquidity doublescurrent ratio 1.37
Current ratio from 0.67 to 1.37; short-term debt falls from €29k to €9k.
26-01
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial Back to profitnet €8k
Net result €8k after one loss-making year.
15-01
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
28-01
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
12-01
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
06-02
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 6 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
1 director, no change since 2026
STEVENS Serge Edgard Vladimir
Director · since 24-08-2026
Current
24-08-2026 Resigned as Gérant
24-08-2026 Appointed as Director
Location & real-estate footprint
Registered office, Zaventem · 1 establishment unit since 2011
establishment The establishment unit on the map
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Moorselsteenweg 121933 Zaventem
Ground area
1,157 m²
Building footprint
162 m²
Volume, LiDAR
1,123 m³
2 parcels, Brussels, Flanders · tallest building 13.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Argussenlaan 17, 1160 Oudergem
Other printing
since 20112.204.789.214
2 parcels
Flanders 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
23082C0199/00Y000 Flanders 992 m² 1 · 88 m² 9.3 m · 2 fl.
21002A0140/00K002 Brussels 165 m² 1 · 73 m² 13.2 m · 3 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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

Of 1,601 companies in sector 18120 we hold annual accounts for 809. 149 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded16-11-2011
Fiscal year end30-06
Activities, NACEBEL
18120Other printing
18130Pre-press and pre-media services
47639Retail sale of other sporting goods
47640Retail trade
82300Organisation of conventions and trade shows
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers

Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.