GL²S
Open bankruptcySummary
A bankruptcy procedure is open for GL²S according to publications in the Belgian State Gazette. The 2025 annual accounts show equity of €71,607 and a net result of €12,085.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Antwerp, Hasselt division
- Declared bankrupt
- 7 May 2026
- Official Gazette
- 15-05-2026 (pdf) ↗search the document for 2026/121041
Deadlines
- Provisional date payments stopped
- 7 May 2026A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 30 May 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 6 June 2026art. XX.104 and XX.155 CEL
- First verification report
- passed on 18 June 2026Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- 7 May 2027Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curators
- Tom ArtsJaarbeurslaan 19/31, 3600 Genktom.arts@moore.be
- Geert ReniersJaarbeurslaan 19/31, 3600 Genkgeert.reniers@moore.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 09-07-2026, 22 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
22 d early
2024
17 d early
2023
13 d early
2022
24 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 7 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Bricklaying and masonry work sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€71,607▲ 20.3%
2024 · €59,522
Total assets
€74,118▼ 3.9%
2024 · €77,156
Net result
€12,085▲ 176%
2024 · €4,381
Working capital
€66,000▲ 21.6%
2024 · €54,297
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€27,455-€38,314▲ 39.6%€11,856▼ 69.1%€5,923▼ 50.0%
Net result€22,095within the sector's middle half-€33,046above the sector's middle half▲ 49.6%€4,381within the sector's middle half▼ 86.7%€12,085within the sector's middle half▲ 176%
Equity€22,095within the sector's middle half-€23,141within the sector's middle half▲ 4.7%€59,522within the sector's middle half▲ 157%€71,607below the sector's middle half▲ 20.3%
Total assets€31,905below the sector's middle half-€45,576below the sector's middle half▲ 42.8%€77,156within the sector's middle half▲ 69.3%€74,118below the sector's middle half▼ 3.9%
Debt€9,810-€22,435▲ 129%€17,634▼ 21.4%€2,511▼ 85.8%
Working capital€19,005within the sector's middle half-€20,491within the sector's middle half▲ 7.8%€54,297within the sector's middle half▲ 165%€66,000within the sector's middle half▲ 21.6%
Solvency69.3%above the sector's middle half-50.8%within the sector's middle half▼ 18.5pp77.1%above the sector's middle half▲ 26.4pp96.6%above the sector's middle half▲ 19.5pp
Current ratio2.94within the sector's middle half-1.91within the sector's middle half▼ 1.024.08above the sector's middle half▲ 2.1727.28above the sector's middle half▲ 23.20
Return on assets (ROA)69.3%above the sector's middle half-72.5%above the sector's middle half▲ 3.3pp5.7%within the sector's middle half▼ 66.8pp16.3%above the sector's middle half▲ 10.6pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 50% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €74,118
Fixed assets
€5,607 ▲ 7.3%
Current assets
€68,511 ▼ 4.8%
Equity and liabilities €74,118
Equity
€71,607 ▲ 20.3%
Debt
€2,511 ▼ 85.8%
Debt's share of the balance-sheet total falls from 22.9% to 3.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€8,325▼
2024 · €13,784
Cash flow
€14,488▲
2024 · €6,310
Debt to equity
0.04▼
2024 · 0.30
ROE
16.9%▲
2024 · 7.4%
Interest coverage
119.84▼
2024 · 353.54
Debt ≤ 1 year
€2,511▼
2024 · €17,634
Income taxes
-€3,112▼
2024 · €7,776
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €760 | €1,705 | €1,929 | €2,403 | ▲ 24.6% |
| Other operating charges640/8 | €530 | €630 | €543 | €120 | ▼ 77.9% |
| Gross operating margin9900 | €28,745 | €40,648 | €14,327 | €8,445 | ▼ 41.1% |
| Operating profit (loss)9901 | €27,455 | €38,314 | €11,856 | €5,923 | ▼ 50.0% |
| Financial income75/76B | €661 | €432 | €341 | €3,120 | ▲ 815% |
| Recurring financial income75 | €661 | €432 | €341 | €3,120 | ▲ 815% |
| Financial charges65/66B | €105 | €240 | €39 | €69 | ▲ 78.2% |
| Recurring financial charges65 | €105 | €240 | €39 | €69 | ▲ 78.2% |
| Profit (loss) for the period before taxes9903 | €28,011 | €38,507 | €12,158 | €8,973 | ▼ 26.2% |
| Income taxes67/77 | €5,916 | €5,461 | €7,776 | -€3,112 | ▼ 140% |
| Profit (loss) for the period9904 | €22,095 | €33,046 | €4,381 | €12,085 | ▲ 176% |
| Profit (loss) for the period to be appropriated9905 | €22,095 | €33,046 | €4,381 | €12,085 | ▲ 176% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €31,905 | €45,576 | €77,156 | €74,118 | ▼ 3.9% |
| Fixed assets21/28 | €3,090 | €2,650 | €5,225 | €5,607 | ▲ 7.3% |
| Tangible fixed assets22/27 | €3,090 | €2,650 | €5,225 | €5,607 | ▲ 7.3% |
| Land and buildings22 | €3,090 | - | - | - | - |
| Plant, machinery and equipment23 | - | €1,807 | €4,804 | €3,379 | ▼ 29.7% |
| Furniture and vehicles24 | - | €842 | €421 | €2,228 | ▲ 429% |
| Current assets29/58 | €28,815 | €42,926 | €71,931 | €68,511 | ▼ 4.8% |
| Amounts receivable within one year40/41 | €22,737 | €36,680 | €69,581 | €68,352 | ▼ 1.8% |
| Trade receivables40 | €565 | €8,512 | €7,169 | €9,275 | ▲ 29.4% |
| Other amounts receivable41 | €22,172 | €28,168 | €62,412 | €59,077 | ▼ 5.3% |
| Cash at bank and in hand54/58 | €2,493 | €4,999 | €2,350 | €159 | ▼ 93.2% |
| Deferred charges and accrued income490/1 | €3,585 | €1,246 | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €31,905 | €45,576 | €77,156 | €74,118 | ▼ 3.9% |
| Equity10/15 | €22,095 | €23,141 | €59,522 | €71,607 | ▲ 20.3% |
| Reserves13 | €10,000 | €10,000 | €42,000 | €42,000 | = |
| Distributable reserves133 | €10,000 | €10,000 | €42,000 | €42,000 | = |
| Profit (loss) carried forward14 | €12,095 | €13,141 | €17,522 | €29,607 | ▲ 69.0% |
| Amounts payable17/49 | €9,810 | €22,435 | €17,634 | €2,511 | ▼ 85.8% |
| Amounts payable within one year42/48 | €9,810 | €22,435 | €17,634 | €2,511 | ▼ 85.8% |
| Trade debts44 | €36 | €135 | - | €311 | - |
| Suppliers440/4 | €36 | €135 | - | €311 | - |
| Taxes, remuneration and social security45 | €9,774 | €22,300 | €17,634 | €2,200 | ▼ 87.5% |
| Taxes450/3 | €9,774 | €18,220 | €17,284 | €2,200 | ▼ 87.3% |
| Remuneration and social security454/9 | - | €4,080 | €350 | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,095 | €33,046 | €4,381 | €12,085 | ▲ 176% |
| + Depreciation and write-downs630 | €760 | €1,705 | €1,929 | €2,403 | ▲ 24.6% |
| Operating cash flow (approximation) | €22,855 | €34,750 | €6,310 | €14,488 | ▲ 130% |
| Investment in fixed assets (approximation) | - | -€1,264 | -€4,504 | -€2,785 | ▲ 38.2% |
| Change in cash | - | €2,506 | -€2,649 | -€2,191 | ▲ 17.3% |
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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
15-05
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 07-05-2026
2025
31-12
Financial
Liquidity times 7current ratio 27.28
Current ratio from 4.08 to 27.28; short-term debt falls from €17,634 to €2,511.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €4,381 ▼86.7%
Net result drops to €4,381, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 4.08
Current ratio from 1.91 to 4.08; short-term debt falls from €22,435 to €17,634.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €33,046 ▲49.6%
Operating result €38,314, net result €33,046, both a record.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Hasselt · 1 establishment unit since 2021
Ground area
223 m²
Building footprint
58 m²
Volume, LiDAR
1 m³
Parcel 71323C1319/00L000, Flanders · tallest building 0.2 m. Linked by address, not a title deed.
1 establishment unit
GL²S
since 20212.323.925.802
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71323C1319/00L000 | Flanders | 223 m² | 1 · 58 m² | 0.2 m |
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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | TOM ARTS JAARBEURSLAAN 19/31, 3600 GENK- |
07-05-2026 → present |
| Curator | GEERT RENIERS JAARBEURSLAAN 19/31,
3600 GENK |
07-05-2026 → present |
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 74 EUR awarded · 74 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 74 EUR | 74 EUR |
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Of 11,140 companies in sector 43910 we hold annual accounts for 5,495. 4,802 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
Founded10-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43910Bricklaying and masonry work
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0777252783
Also
9925:BE0777252783
Registered
31-10-2023
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.