Active BE 0777.252.783Private limited companyOpen bankruptcy

GL²S

Demergalmstraat 9 ·3500 Hasselt, Belgium· 4 yrs active

Sector: Specialised construction (43910)

Conclusion Checked

A bankruptcy procedure is open for GL²S according to publications in the Belgian State Gazette. The 2024 annual accounts show equity of €60k and a net result of €4k.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€60k
Net result	€4k
Better than sector	90%
Active	4 yrs

Snowflake analysis 5 axes · computed by Checked

43 / 100

Fragile profile — watch stability in particular.

Health 26

Profitability 37

Solvency 100

Growth 52

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open — a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High risk

Components

· Open bankruptcy (+50)

Trust signals 1 signals

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2024 · computed

26 / 100 Weak

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.

Financial overview3 NBB filings

Annual accounts filed on 14-07-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Sector comparison

Fiscal year 2024 · NACE 43 — Specialised construction · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	77.1%	39.5%	better than 90% of 2271 sector peers
Net result	€4k	€11k	better than 36% of 2264 sector peers
Equity	€60k	€32k	better than 71% of 2272 sector peers
Gross operating margin	€14k	€33k	better than 27% of 2263 sector peers
Total assets	€77k	€90k	better than 43% of 2271 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€14k

-65.6% 22–24

Net profit

€4k

-86.7% 22–24

Cash flow

€6k

-81.8% 22–24

Total assets

€77k

+69.3% 22–24

Equity

€60k

+157.2% 22–24

Working capital

€54k

+165.0% 22–24

Income taxes

€8k

+42.4% 22–24

Debt

€18k

-21.4% 22–24

Debt ≤ 1y

€18k

-21.4% 22–24

Current ratio

4.08

+113.2% 22–24

Quick ratio

4.08

+113.2% 22–24

Solvency

77.1%

+51.9% 22–24

Debt / equity

0.30

-69.4% 22–24

ROE

7.4%

-94.8% 22–24

ROA

5.7%

-92.2% 22–24

Interest coverage

353.54

+111.6% 22–24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Revenue	—
EBITDA	€14k
Net profit	€4k
Cash flow	€6k
Staff costs	—
Income taxes	€8k
Dividends	—
Total assets	€77k
Equity	€60k
Debt	€18k
of which ≤ 1y	€18k
of which > 1y	—
Working capital	€54k
Employees (FTE)	—

Ratios (computed)

	2024
Current ratio	4.08
Quick ratio	4.08
Working capital ratio	70.4%
Solvency	77.1%
Debt / equity	0.30
Long-term debt ratio	—
Interest coverage	353.54
Gross margin	—
Net margin	—
ROA	5.7%
ROE	7.4%
EBITDA margin	—
Days sales outstanding	—
Days payable outstanding	—
Inventory turnover	—
Days inventory (DSI)	—

Balance-sheet composition 2024

Assets

Fixed assets €5k · 6.8% Current assets €72k · 93.2%

Equity & liabilities

Equity €60k · 77.2% Debt €18k · 22.9%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet — Assets
TOTAL ASSETS	20/58	€77k
Fixed assets	21/28	€5k
Tangible fixed assets	22/27	€5k
Current assets	29/58	€72k
Amounts receivable within one year	40/41	€70k
Cash & bank	54/58	€2k
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€77k
Equity	10/15	€60k
Reserves	13	€42k
Accumulated profits (losses)	14	€18k
Amounts payable	17/49	€18k
Amounts payable within one year	42/48	€18k
Income statement
Gross operating margin	9900	€14k
Operating result	9901	€12k
Financial income	75	€341
Financial charges	65	€39
Result before taxes	9903	€12k
Income taxes	67/77	€8k
Net result for the period	9904	€4k
Result to be appropriated	9905	€4k

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates2 persons

Role	Name	Tenure	Source
Curator	TOM ARTS JAARBEURSLAAN 19/31, 3600 GENK-	07-05-2026 → present	Belgian State Gazette
Curator	GEERT RENIERS JAARBEURSLAAN 19/31, 3600 GENK ↔ Also on 124 other cases	07-05-2026 → present	Belgian State Gazette

Legal Structure

NACE primary	Specialised construction(43910)
Legal form	Private limited company(610)
Incorporation	10-11-2021
Status	Active
Postal code	3500
First BS signal	15-05-2026
Latest BS signal	15-05-2026

Company structure — linked entities2 linked entities

Mandates

↔ 1 of these mandate-holders are active on other cases — click any red card to open that KBO.

Establishment units 1 location

GL²S

Demergalmstraat 9, 3500 HasseltSchrijnwerk

since 20212.323.925.802

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71323C1319/00L000	Flanders	223 m²	1 · 58 m²	0.2 m

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data — this is not proof of ownership.

Updates 4 events

A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026

15-05-2026

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Hasselt · GL2 S BV DEMERGALM- STRAAT 9, 3500 HASSELT · event 07-05-2026

2025

14-07-2025

NBB filing Annual accounts filed

fiscal year 2024 · micro

2024

18-07-2024

NBB filing Annual accounts filed

fiscal year 2023 · micro

2023

24-08-2023

NBB filing Annual accounts filed

fiscal year 2022 · micro

Lifecycle & Insolvency Signals 1 events

15-05-2026

Bankruptcy Opening

Date: 07-05-2026 · Ondernemingsrechtbank Antwerpen, afdeling Hasselt · GL2 S BV DEMERGALM- STRAAT 9, 3500 HASSELT · Publications in State Gazette ↗

Time machine — BS events + macro context 2021 — 2026

Macro context

2020-Q2/Q3 COVID lockdown

2022 energy crisis

2023–2024 ECB rate hikes

Legend

Bankruptcy

Interim / reorg

KBO event

Credit advice verdict per customer and amount

AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Company registry (CBE) Crossroads Bank

Activities

Metselwerk43910Uitvoeren van metsel- en voegwerken43994Schrijnwerk43320Schrijnwerk43320

Primary activity highlighted.

Names & trade names

Legal nameNL

GL²S

Registered office

Demergalmstraat 9

3500 Hasselt, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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