GL Solutions
ActiveSummary
GL Solutions has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€43,592) and a net result of -€4,347. Equity is shrinking by ~17.6% per year across the filed fiscal years. Its solvency ranks better than 19% of 4716 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability35▼-2
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
short-term debt: 60% of total assets, and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-43.8%
Return on assets
-4.4%
Age of the figures
18 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€43,592
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 04-12-2025, 34 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
34 d late
2024
399 d late
2023
765 d late
2022
549 d late
2021
39 d late
2020
180 d late
2018
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 276 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 4 December (4 of the last 5 filed years within 365 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
In the rankings
#10 oldest company in Lasne, Other services sector
Equity
-€43,592▼ 11.1%
2024 · -€39,246
Total assets
€99,521▼ 7.5%
2024 · €107,609
Net result
-€4,347▼ 1,110%
2024 · -€359
Working capital
-€58,797▲ 6.0%
2023 · -€62,530
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 96, Personal service 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
Line20212022202320242025
Operating result€10,657▼ 17.6%-€37,387€9,776€5,873▼ 39.9%€2,735▼ 53.4%
Net result€8,317within the sector's middle half▲ 2.3%-€40,854below the sector's middle half€2,899within the sector's middle half-€359within the sector's middle half-€4,347below the sector's middle half▼ 1,110%
Equity-€932within the sector's middle half▲ 89.9%-€41,786below the sector's middle half▼ 4,383%-€38,886below the sector's middle half▲ 6.9%-€39,246below the sector's middle half▼ 0.9%-€43,592below the sector's middle half▼ 11.1%
Total assets€41,946within the sector's middle half▲ 80.5%€295,300above the sector's middle half▲ 604%€121,193within the sector's middle half▼ 59.0%€107,609within the sector's middle half▼ 11.2%€99,521within the sector's middle half▼ 7.5%
Debt€42,878▲ 32.0%€337,086▲ 686%€160,079▼ 52.5%€146,855▼ 8.3%€143,114▼ 2.5%
Working capital-€12,101within the sector's middle half▼ 1.9%-€68,387below the sector's middle half▼ 465%-€62,530below the sector's middle half▲ 8.6%-€58,797below the sector's middle half▲ 6.0%
Solvency-2.2%within the sector's middle half▲ 37.6pp-14.2%within the sector's middle half▼ 11.9pp-32.1%below the sector's middle half▼ 17.9pp-36.5%below the sector's middle half▼ 4.4pp-43.8%below the sector's middle half▼ 7.3pp
Current ratio0.72within the sector's middle half▲ 0.090.71within the sector's middle half=0.08below the sector's middle half▼ 0.630.00below the sector's middle half▼ 0.08
Return on assets (ROA)19.8%above the sector's middle half▼ 15.2pp-13.8%below the sector's middle half▼ 33.7pp2.4%within the sector's middle half▲ 16.2pp-0.3%within the sector's middle half▼ 2.7pp-4.4%below the sector's middle half▼ 4.0pp
above
within
below
the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the 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 53% below 2024.
Key figures and ratios
EBITDA
€10,710▼
2024 · €13,988
Cash flow
€3,628▼
2024 · €7,756
Debt to equity
-3.28▲
2024 · -3.74
Interest coverage
2.57▲
2024 · 2.29
Debt ≤ 1 year
€59,704▲
2024 · €58,910
Debt > 1 year
€83,409▼
2024 · €87,945
Income taxes
€2,913▲
2024 · €133
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,332 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a small loss
2.8%
went bankrupt
5.8%
stopped otherwise
91%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,332 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,222 | €25,460 | €8,558 | €8,115 | €7,975 | ▼ 1.7% |
| Other operating charges640/8 | - | €198 | €1,151 | €2,811 | €896 | ▼ 68.1% |
| Gross operating margin9900 | €15,353 | -€11,729 | €19,485 | €16,800 | €11,606 | ▼ 30.9% |
| Operating profit (loss)9901 | €10,657 | -€37,387 | €9,776 | €5,873 | €2,735 | ▼ 53.4% |
| Financial income75/76B | - | €60 | €43 | €0 | €0 | ▲ 57.1% |
| Recurring financial income75 | - | €60 | €43 | €0 | €0 | ▲ 57.1% |
| Financial charges65/66B | - | €2,291 | €6,920 | €6,099 | €4,169 | ▼ 31.6% |
| Recurring financial charges65 | €2,340 | €2,291 | €6,920 | €6,099 | €4,169 | ▼ 31.6% |
| Profit (loss) for the period before taxes9903 | €8,317 | -€39,618 | €2,899 | -€226 | -€1,434 | ▼ 534% |
| Income taxes67/77 | - | €1,236 | - | €133 | €2,913 | ▲ 2,092% |
| Profit (loss) for the period9904 | €8,317 | -€40,854 | €2,899 | -€359 | -€4,347 | ▼ 1,110% |
| Profit (loss) for the period to be appropriated9905 | €8,317 | -€40,854 | €2,899 | -€359 | -€4,347 | ▼ 1,110% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €41,946 | €295,300 | €121,193 | €107,609 | €99,521 | ▼ 7.5% |
| Fixed assets21/28 | €11,169 | €124,170 | €115,611 | €107,496 | €99,521 | ▼ 7.4% |
| Tangible fixed assets22/27 | €11,169 | €124,170 | €115,611 | €107,496 | €99,521 | ▼ 7.4% |
| Land and buildings22 | - | €115,846 | €109,996 | €104,146 | €98,296 | ▼ 5.6% |
| Furniture and vehicles24 | - | €2,302 | €1,336 | €746 | €274 | ▼ 63.3% |
| Other tangible fixed assets26 | - | €6,022 | €4,279 | €2,604 | €951 | ▼ 63.5% |
| Current assets29/58 | €30,777 | €171,130 | €5,581 | €113 | - | - |
| Stocks and contracts in progress3 | €5,502 | €5,581 | €5,581 | - | - | - |
| Stocks30/36 | - | €5,581 | €5,581 | - | - | - |
| Amounts receivable within one year40/41 | €25,275 | €165,549 | - | - | - | - |
| Trade receivables40 | - | €156,913 | - | - | - | - |
| Other amounts receivable41 | - | €8,636 | - | - | - | - |
| Cash at bank and in hand54/58 | - | - | - | €113 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €41,946 | €295,300 | €121,193 | €107,609 | €99,521 | ▼ 7.5% |
| Equity10/15 | -€932 | -€41,786 | -€38,886 | -€39,246 | -€43,592 | ▼ 11.1% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €600 | €600 | €600 | €600 | €600 | = |
| Non-distributable reserves130/1 | - | €600 | €600 | €600 | €600 | = |
| Reserves not available under the articles1311 | - | €600 | €600 | €600 | €600 | = |
| Profit (loss) carried forward14 | -€13,932 | -€54,786 | -€51,886 | -€52,246 | -€56,592 | ▼ 8.3% |
| Amounts payable17/49 | €42,878 | €337,086 | €160,079 | €146,855 | €143,114 | ▼ 2.5% |
| Amounts payable after more than one year17 | - | €95,881 | €91,968 | €87,945 | €83,409 | ▼ 5.2% |
| Financial debts170/4 | - | €95,881 | €91,968 | €87,945 | €83,409 | ▼ 5.2% |
| Amounts payable within one year42/48 | €42,878 | €239,517 | €68,112 | €58,910 | €59,704 | ▲ 1.3% |
| Current portion of amounts payable after more than one year42 | - | €4,119 | €3,780 | €4,023 | €4,535 | ▲ 12.7% |
| Financial debts43 | - | €4,829 | €5,394 | - | €5,105 | - |
| Credit institutions430/8 | - | €4,829 | €5,394 | - | €5,105 | - |
| Trade debts44 | €13,885 | €173,213 | €1,962 | €26,796 | €15,914 | ▼ 40.6% |
| Suppliers440/4 | - | €173,213 | €1,962 | €26,796 | €15,914 | ▼ 40.6% |
| Taxes, remuneration and social security45 | - | €9,490 | €13,030 | €13,648 | €1,915 | ▼ 86.0% |
| Taxes450/3 | - | €9,490 | €13,030 | €13,648 | €1,915 | ▼ 86.0% |
| Other amounts payable47/48 | - | €47,866 | €43,946 | €14,443 | €32,234 | ▲ 123% |
| Accrued charges and deferred income492/3 | - | €1,688 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,317 | -€40,854 | €2,899 | -€359 | -€4,347 | ▼ 1,110% |
| + Depreciation and write-downs630 | €2,222 | €25,460 | €8,558 | €8,115 | €7,975 | ▼ 1.7% |
| Operating cash flow (approximation) | €10,539 | -€15,394 | €11,458 | €7,756 | €3,628 | ▼ 53.2% |
| Investment in fixed assets (approximation) | - | -€138,460 | €0 | €0 | €0 | - |
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
2025
04-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 34 days late
04-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 399 days late
04-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 765 days late
2024
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 549 days late
2023
31-03
Financial
Back to profitnet €2,899
Net result €2,899 after one loss-making year.
2022
31-03
Financial
Weakest financial yearnet -€40,854
Net result drops to -€40,854, the lowest in the series; recovery starts the following year.
2021
09-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 39 days late
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 180 days late
31-03
Financial
Highest result since 2020net €8,317 ▲2.3%
Net result €8,317, the highest in the series.
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
24-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
21-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
26-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Lasne · 1 establishment unit since 2009
Ground area
1.3 ha
Building footprint
369 m²
Volume, LiDAR
2,490 m³
2 parcels, Wallonia · tallest building 9.3 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
GL SOLUTIONS
since 20092.180.739.944
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25076G0521/00C000 | Wallonia | 8,527 m² | 1 · 168 m² | 9.3 m · 3 fl. |
| 25076G0522/00B000 | Wallonia | 4,937 m² | 1 · 201 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 6,710 companies in sector 96230 we hold annual accounts for 628. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-03-2009
Fiscal year end31-03
Activities, NACEBEL 2025
93127Equestrian clubs
96230Day spas, saunas and steam baths
47279Other retail sale of food
82300Organisation of conventions and trade shows
E-invoicing
Reachable via Peppol
Peppol ID
0208:0810735106
Also
9925:BE0810735106
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.