Equity
€8.0m ▲ 3.0%
GL PROPERTIES has made a profit without a break since 2016.
GL PROPERTIES
Lifetime
18 annual accounts with figures on one time axisTurnoverpeak €626,872 (2024)
€134,989▼ 78.5%
Resultlowest -€1.7m (2011)
€231,445▼ 96.0%
Equitypeak €8.0m (2025)
€8.0m▲ 3.0%
Debts
€136,575▼ 33.8%
Staffpeak 2 FTE (2010)
-not published
Board4 names since 2019
2 directorsGhislain Lenaers and 1 other
Owners
100%GROUP GL International
Documentsfilings and deeds
05-08-20265 days late
2025financial year
Turnover from €626,872 to €134,989Result from €5.8m to €231,445Director in office: John Lenaers (managing director) 19-092 directors appointed, 2 reappointments 17-09Debts from €206,218 to €136,575
Key points
from the 2025 annual accountsTurnover
€134,989 ▼ 78.5%
Turnover fell in 2025 from €626,872 to €134,989.
Payment terms
90 days to suppliers
GL PROPERTIES pays its suppliers 67 days later than in 2024. Customers pay 6 days later.
Filings
18 annual accounts since 2008
Eight of the last ten came late. The 2020 accounts came latest: 55 days after the end of the period.
At the same address
28 companies
Subsidiaries
-€972,039
Subsidiary with negative equity. OUD GASTHUIS HASSELT · loss of €26,326 in 2025.
Net result -96%: one-off income
Checked score
96
Excellent
Financially stronger than 67% of small companies without a NACE code
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 0.6%▲ +0.3 percentage points vs 07-2025highest value
09-2025: 0.1%▼ -0.5 percentage points vs 08-2025lowest value
10-2025: 0.1%● unchanged vs 09-2025lowest value
11-2025: 0.1%● unchanged vs 10-2025lowest value
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.2 percentage points vs 07-2026
09-2026: 0.1%▼ -0.2 percentage points vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 74.98, cash €113,519
No main activity registered
lowers risk
Size: turnover €134,989, total assets €8.1m
Founded in 2007
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, small). It does better than 82% of them on solvency, 63% on liquidity, 89% on profitability and 33% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 544 companies had the same profile as GL PROPERTIES has now. Each dot stands for 2 companies, two years later.
93.6%
were still trading
5.9%
stopped another way
0.2%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GL PROPERTIES itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 544 companies, not a prediction for GL PROPERTIES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €13,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 74.98 (50.79 in 2024), above the usual 1.5. Short-term debt is 1.3% and cash 1.4% of total assets. 1.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 5 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
5 days late
2024
21 days late
2023
8 days late
2022
24 days late
2021
25 days late
2020
55 days late
2019
22 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 17 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
BC
BV CDO Leuven
Auditor, Luk Ostyn
- GROUP GL International 100%equity €69.9m (2025) · 2025 annual accounts of GROUP GL International
Shares in 4 companies, including OUD GASTHUIS HASSELT and WEZEL
Board & ownershipRecent changes
Director in office: John Lenaers (managing director)
Capital €150,000, annual accounts 2025 · Gazette deed
2 directors appointed, 2 reappointments
Reappointments: Ghislain Lenaers and John Lenaers · Appointments: Ghislain Lenaers (managing director) and John Lenaers (managing director) · General meeting of 14-08-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0890036168
Reappointment: BV CDO Leuven (statutory auditor)
Permanent representative: Luk Ostyn · General meeting of 08-08-2024 · Gazette deed
Official details
Source: KBO- Status
- Active since 13-06-2007Normal situation
- Registered office
- 29 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 6 November 2026.
- Activity
- No activity registered in the KBO
- Joint committee
- 323Building management, estate agents and domestic staff · annual accounts 2025
- Establishment unit
- 2.236.182.2733530 Houthalen-Helchteren, since 13-06-2007
- Financial year end
- 31 December
- Peppol
- Reachable since 16-09-2025
Companies linked to GL PROPERTIES
Subsidiaries and holdings
Insights on GL PROPERTIES
GL PROPERTIES has existed since 2007. Turnover fell from €626,872 in 2024 to €134,989 in 2025.
GROUP GL International holds all the shares. In September 2025, the Official Gazette published the appointment of Ghislain Lenaers as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GL PROPERTIES
- What is the company number of GL PROPERTIES?
- The company number of GL PROPERTIES is 0890.036.168. The VAT number is the same number with BE in front: BE 0890.036.168.
- Where is GL PROPERTIES based?
- The registered office is at Centrum-Zuid 3053, 3530 Houthalen-Helchteren.Company details
- What is the legal form of GL PROPERTIES?
- GL PROPERTIES is a public limited company (NV).
- When was GL PROPERTIES founded?
- GL PROPERTIES was founded on 13-06-2007.
- Is GL PROPERTIES still active?
- Yes, GL PROPERTIES is an active enterprise in the KBO register.
- Which joint committee does GL PROPERTIES fall under?
- In its 2025 annual accounts, GL PROPERTIES states joint committee 323 (Building management, estate agents and domestic staff).
- What is the turnover of GL PROPERTIES?
- The turnover of GL PROPERTIES was €134,989 in financial year 2025, according to the filed annual accounts.Financials
- Is GL PROPERTIES profitable?
- In financial year 2025, GL PROPERTIES made a profit of €231,445.
- Where can I find the annual accounts of GL PROPERTIES?
- GL PROPERTIES filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GL PROPERTIES due?
- GL PROPERTIES must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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