GL-Projects
Annual accounts 2025
micro format, filed on 27-05-2026, 65 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €130,000. Estimated: probably between €73,000 and €270,000.
Balance sheet
balance sheet total €585,967 on 31-12-2025in euro
in euro
Position in the sector
40.5%
Higher than 59% of 17,185 companies in 2025.
1.14
Higher than 50% of 16,482 companies in 2025.
-0.6%
Higher than 33% of 16,861 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||
20/58 |
585,967 | 1.2m | 1.3m | 1.3m | 1.3m | 1.6m | 1.5m | 1.2m | 1.2m | 976,298 | 672,009 | 456,946 | 813,183 | 536,989 | 431,109 | 120,905 | |
21/28 |
316,874 | 869,919 | 923,327 | 1.3m | 1.3m | 778,313 | 851,945 | 781,550 | 372,530 | 323,525 | 137,147 | 122,489 | 81,769 | 131,962 | 30,871 | - | |
22/27 |
282,324 | 835,369 | 888,777 | 1.2m | 1.3m | 743,763 | 817,395 | 747,000 | 337,980 | 288,975 | 105,897 | 91,239 | 50,519 | 100,712 | 29,371 | - | |
22 |
259,140 | 794,376 | 822,819 | 1.1m | 1.2m | 621,708 | 642,394 | 625,559 | - | - | 12,000 | 12,000 | - | 71,339 | - | - | |
23 |
662 | 1,415 | 2,169 | 1,750 | 2,700 | 1,224 | 12,940 | 24,006 | 37,087 | 51,116 | 14,421 | 41,043 | 50,265 | 28,993 | 28,864 | - | |
24 |
22,522 | 39,577 | 63,788 | 88,256 | 79,600 | 120,830 | 162,061 | 97,435 | 100,785 | 62,859 | 79,476 | 38,196 | 254 | 380 | 507 | - | |
27 |
- | - | - | - | - | - | - | - | 200,107 | 175,000 | - | - | - | - | - | - | |
28 |
34,550 | 34,550 | 34,550 | 34,550 | 34,550 | 34,550 | 34,550 | 34,550 | 34,550 | 34,550 | 31,250 | 31,250 | 31,250 | 31,250 | 1,500 | - | |
29/58 |
269,093 | 314,936 | 390,250 | 76,123 | 32,053 | 776,507 | 642,666 | 398,049 | 787,155 | 652,773 | 534,862 | 334,457 | 731,415 | 405,027 | 400,238 | 120,905 | |
3 |
- | - | - | - | - | 729,193 | 496,000 | 150,000 | 525,000 | 640,000 | 490,000 | 290,000 | 372,067 | 155,700 | 586 | - | |
30/36 |
- | - | - | - | - | 20,000 | 20,000 | - | 175,000 | 190,000 | 190,000 | 210,000 | 347,067 | 155,700 | 586 | - | |
37 |
- | - | - | - | - | 709,193 | 476,000 | 150,000 | 350,000 | 450,000 | 300,000 | 80,000 | 25,000 | - | - | - | |
40/41 |
255,888 | 295,401 | 278,793 | 4,448 | 6,256 | 34,707 | 27,417 | 16,393 | 252,568 | 5,268 | 217 | 7,363 | 239,566 | 246,515 | 222,643 | 111,557 | |
40 |
255,733 | 295,401 | 278,793 | 4,448 | 4,671 | 19,506 | 26,563 | 2,406 | 250,162 | 4,526 | - | 7,344 | 202,884 | 207,317 | 222,640 | - | |
41 |
156 | - | - | - | 1,585 | 15,200 | 854 | 13,988 | 2,406 | 742 | 217 | 19 | 36,682 | 39,198 | 3 | 111,557 | |
54/58 |
6,911 | 6,797 | 45,041 | 5,572 | 10,208 | 8,070 | 17,679 | 9,428 | 9,587 | 7,506 | 24,645 | 17,094 | 119,208 | 2,362 | 177,009 | 9,349 | |
490/1 |
6,294 | 12,738 | 66,416 | 66,103 | 15,589 | 4,537 | 101,570 | 222,227 | - | - | 20,000 | 20,000 | 575 | 450 | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||
10/49 |
585,967 | 1.2m | 1.3m | 1.3m | 1.3m | 1.6m | 1.5m | 1.2m | 1.2m | 976,298 | 672,009 | 456,946 | 813,183 | 536,989 | 431,109 | 120,905 | |
10/15 |
237,244 | 240,659 | 245,069 | 244,642 | 194,483 | 157,941 | 148,530 | 139,654 | 111,928 | 107,402 | 105,640 | 88,020 | 93,485 | 84,036 | 110,502 | 119,818 | |
10/11 |
125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | |
100 |
- | - | - | - | - | - | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | |
13 |
112,244 | 115,659 | 120,069 | 119,642 | 69,483 | 32,941 | 23,530 | 14,654 | 35,781 | 35,781 | 35,781 | 35,781 | 43,295 | - | - | - | |
132 |
18,111 | 25,230 | 30,301 | 35,372 | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
94,133 | 90,429 | 89,767 | 84,269 | 69,483 | 32,941 | 23,530 | 14,654 | 35,781 | 35,781 | 35,781 | 35,781 | 43,295 | - | - | - | |
14 |
- | - | - | - | - | - | - | - | -48,853 | -53,379 | -55,141 | -72,761 | -74,810 | -40,964 | -14,498 | -5,182 | |
16 |
1,982 | 5,647 | 8,259 | 10,870 | - | - | - | - | - | - | - | - | - | - | - | - | |
168 |
1,982 | 5,647 | 8,259 | 10,870 | - | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
346,741 | 938,548 | 1.1m | 1.1m | 1.1m | 1.4m | 1.3m | 1.0m | 1.0m | 868,897 | 566,369 | 368,925 | 719,699 | 452,953 | 320,606 | 1,088 | |
17 |
111,393 | 130,179 | 149,176 | 177,165 | 207,865 | 244,135 | 93,871 | 74,613 | 332,054 | 634,356 | 255,212 | 225,840 | 362,583 | 104,715 | 15,847 | - | |
170/4 |
111,393 | 130,179 | 149,176 | 177,165 | 207,865 | 244,135 | 93,871 | 74,613 | 332,054 | 634,356 | 255,212 | 225,840 | 362,583 | 104,715 | 15,847 | - | |
42/48 |
235,348 | 805,668 | 911,059 | 909,359 | 926,758 | 1.2m | 1.3m | 965,332 | 715,703 | 234,541 | 311,158 | 143,086 | 357,115 | 348,238 | 304,092 | 1,088 | |
42 |
18,766 | 18,997 | 27,989 | 30,700 | 36,271 | 49,714 | 127,449 | 216,311 | 229,126 | 26,963 | 139,052 | 23,223 | 15,570 | 229,271 | 155,452 | - | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | 225,000 | 80,000 | - | - | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | - | 225,000 | 80,000 | - | - | |
44 |
1,711 | 773 | 8,521 | 12,152 | 46,228 | 174,428 | 196,311 | 124,897 | 14,021 | 24,107 | 12,228 | 58,935 | 70,068 | 24,114 | 40,221 | 304 | |
440/4 |
1,711 | 773 | 8,521 | 12,152 | 46,228 | 174,428 | 196,311 | 124,897 | 14,021 | 24,107 | 12,228 | 58,935 | 70,068 | 24,114 | 40,221 | 304 | |
46 |
- | - | - | - | - | - | - | - | 272,250 | - | - | - | - | - | - | - | |
45 |
8,962 | 57,499 | 28,807 | 24,910 | 16,574 | 49,748 | 53,620 | 1,938 | 394 | 5,159 | 29,316 | 26,418 | 45,694 | 660 | 63,475 | - | |
450/3 |
8,962 | 57,499 | 28,807 | 24,910 | 16,574 | 49,748 | 53,620 | 1,938 | 394 | 5,159 | 29,316 | 26,418 | 45,694 | 660 | 63,475 | - | |
47/48 |
205,909 | 728,399 | 845,742 | 841,597 | 827,685 | 878,854 | 874,828 | 622,185 | 199,913 | 178,312 | 130,562 | 34,509 | 783 | 14,193 | 44,944 | 783 | |
492/3 |
- | 2,701 | 15 | 74 | 13 | - | - | - | - | - | - | - | - | - | 667 | - | |
| Income statement | |||||||||||||||||
76A |
- | - | - | - | - | - | - | - | 3,143 | - | 16,408 | 20,000 | 14,267 | - | - | - | |
9900 |
48,422 | 67,232 | 81,906 | 57,013 | 151,785 | 97,326 | 86,523 | 114,708 | 72,209 | 59,731 | 58,485 | 88,799 | -4,054 | 31,725 | 3,753 | -8,793 | |
630 |
28,151 | 53,725 | 53,620 | 58,833 | 81,180 | 73,632 | 66,140 | 65,541 | 41,324 | 37,205 | 38,047 | 42,107 | 31,481 | 28,763 | 10,967 | - | |
631/4 |
- | - | - | 5,932 | 4,637 | - | - | - | - | - | - | - | -19,500 | 19,500 | - | - | |
640/8 |
2,761 | 2,216 | 6,494 | 5,959 | 1,632 | 1,758 | 3,678 | 5,247 | 5,635 | 1,163 | 1,061 | 2,022 | 1,649 | 803 | 627 | 423 | |
66A |
- | - | 169 | - | - | - | - | - | 1,080 | 2,000 | - | 32,185 | - | 200 | - | - | |
9901 |
17,509 | 11,292 | 21,624 | -13,712 | 64,336 | 21,935 | 16,706 | 43,920 | 24,170 | 19,363 | 19,377 | 44,670 | -17,683 | -17,341 | -7,841 | -9,215 | |
75/76B |
12 | 42 | 90 | 116,771 | 31 | 167 | 1,649 | 1,177 | - | 12 | 2,603 | 399 | 146 | 196 | 495 | 4,048 | |
75 |
12 | 42 | 90 | - | 31 | 167 | 1,649 | 1,177 | - | 12 | 2,603 | 399 | 146 | 196 | 495 | 4,048 | |
76B |
- | - | - | 116,771 | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
21,572 | 17,926 | 21,611 | 32,363 | 15,176 | 12,343 | 9,054 | 17,049 | 19,250 | 17,618 | 20,846 | 30,511 | 30,577 | 9,122 | 1,969 | 14 | |
65 |
21,572 | 17,926 | 21,611 | 18,967 | 15,176 | 12,343 | 9,054 | 17,049 | 19,250 | 17,618 | 20,846 | 30,511 | 30,577 | 9,122 | 1,969 | 14 | |
66B |
- | - | - | 13,397 | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
-4,052 | -6,592 | 102 | 70,695 | 49,191 | 9,759 | 9,300 | 28,047 | 4,920 | 1,756 | 17,541 | 2,372 | -33,846 | -26,467 | -9,315 | -5,182 | |
780 |
3,666 | 2,611 | 2,611 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
67/77 |
3,030 | 429 | 2,287 | 9,667 | 12,649 | 349 | 424 | 321 | 394 | -6 | -78 | 323 | - | - | 0 | - | |
9904 |
-3,416 | -4,409 | 427 | 61,029 | 36,542 | 9,411 | 8,877 | 27,726 | 4,526 | 1,762 | 17,619 | 2,050 | -33,846 | -26,467 | -9,315 | -5,182 | |
789 |
7,119 | 5,071 | 5,071 | 7,682 | - | - | - | - | - | - | - | - | - | - | - | - | |
689 |
- | - | - | 53,925 | - | - | - | - | - | - | - | - | - | - | - | - | |
9905 |
3,703 | 662 | 5,498 | 14,786 | 36,542 | 9,411 | 8,877 | 27,726 | 4,526 | 1,762 | 17,619 | 2,050 | -33,846 | -26,467 | -9,315 | -5,182 | |
| Appropriation of the result | |||||||||||||||||
9906 |
3,703 | 662 | 5,498 | 14,786 | 36,542 | 9,411 | 8,877 | -21,127 | -48,853 | -53,379 | -55,141 | -72,761 | -74,810 | -40,964 | -14,498 | -5,182 | |
791/2 |
- | - | - | - | - | - | - | 21,127 | - | - | - | - | - | - | - | - | |
691/2 |
3,703 | 662 | 5,498 | 14,786 | 36,542 | 9,411 | 8,877 | - | - | - | - | - | - | - | - | - | |
6921 |
3,703 | 662 | 5,498 | 14,786 | 36,542 | 9,411 | 8,877 | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 27-05-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-05-2026 | 2026-00121749 | |
| 31-12-2024 | micro format | 27-08-2025 | 2025-00411036 | |
| 31-12-2023 | micro format | 14-08-2024 | 2024-00343831 | |
| 31-12-2022 | micro format | 27-08-2023 | 2023-00356993 | |
| 31-12-2021 | micro format | 27-09-2022 | 2022-20445617 | |
| 31-12-2020 | micro format | 27-10-2021 | 2021-73500533 | |
| 31-12-2019 | micro format | 30-09-2020 | 2020-56200560 | |
| 31-12-2018 | micro format | 13-09-2019 | 2019-64200570 | |
| 31-12-2017 | micro format | 21-09-2018 | 2018-63600545 | |
| 31-12-2016 | abbreviated format | 15-06-2017 | 2017-19500173 | |
| 31-12-2015 | abbreviated format | 15-06-2016 | 2016-18000432 | |
| 31-12-2014 | abbreviated format | 04-08-2015 | 2015-39500534 | |
| 31-12-2013 | abbreviated format | 04-08-2014 | 2014-38400533 | |
| 31-12-2012 | abbreviated format | 25-07-2013 | 2013-34100472 | |
| 31-12-2011 | abbreviated format | 31-07-2012 | 2012-35600601 | |
| 31-12-2010 | abbreviated format | 18-07-2011 | 2011-29900599 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 45,661 | 65,017 | 75,244 | 45,121 | 145,516 | 95,567 | 82,846 | 109,461 | 65,494 | 56,568 | 57,424 | 86,777 | 13,798 | 11,422 | 3,126 | - | ||
| 24,735 | 49,315 | 54,047 | 119,862 | 117,721 | 83,043 | 75,017 | 93,267 | 45,850 | 38,967 | 55,666 | 44,156 | -2,365 | 2,296 | 1,652 | - | ||
| -524,894 | 317 | 1,129 | 84,878 | 599,933 | 0 | 136,535 | 474,561 | 133,187 | 235,583 | 61,297 | 136,420 | 52,626 | 129,854 | 41,838 | - | ||
| 114 | -38,245 | 39,470 | -4,637 | 2,138 | -9,609 | 8,251 | -159 | 2,082 | -17,139 | 7,551 | -102,114 | 116,846 | -174,647 | 167,660 | - | ||
| 33,745 | -490,732 | -520,808 | -833,236 | -894,705 | -376,237 | -609,543 | -567,283 | 71,452 | 418,233 | 223,704 | 191,371 | 374,300 | 56,789 | 96,145 | 119,818 | ||
| 40.5% | 20.3% | 18.7% | 18.2% | 14.6% | 10.2% | 9.9% | 11.8% | 9.7% | 11.0% | 15.7% | 19.3% | 11.5% | 15.6% | 25.6% | 99.1% | ||
| 1.14 | 0.39 | 0.43 | 0.08 | 0.03 | 0.67 | 0.51 | 0.41 | 1.10 | 2.78 | 1.72 | 2.34 | 2.05 | 1.16 | 1.32 | - | ||
| 1.14 | 0.39 | 0.43 | 0.08 | 0.03 | 0.04 | 0.12 | 0.26 | 0.37 | 0.05 | 0.14 | 0.31 | 1.01 | 0.72 | 1.31 | - | ||
| 1.46 | 3.90 | 4.33 | 4.44 | 5.83 | 8.84 | 9.06 | 7.45 | 9.36 | 8.09 | 5.36 | 4.19 | 7.70 | 5.39 | 2.90 | 0.01 | ||
| -1.4% | -1.8% | 0.2% | 24.9% | 18.8% | 6.0% | 6.0% | 19.9% | 4.0% | 1.6% | 16.7% | 2.3% | -36.2% | -31.5% | -8.4% | -4.3% | ||
| -0.6% | -0.4% | 0.0% | 4.5% | 2.7% | 0.6% | 0.6% | 2.4% | 0.4% | 0.2% | 2.6% | 0.4% | -4.2% | -4.9% | -2.2% | -4.3% | ||
| 2.12 | 3.63 | 3.48 | 2.38 | 9.59 | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €317 | €1,129 | €84,878 | €599,933 |
| €28,151 | €53,725 | €53,620 | €58,833 | €81,180 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on GL-Projects
The operating result for 2025 is 55% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 79.2% to 59.2%. Equity and debt are lower.