GL TECH CONCEPT
ActiveSummary
GL TECH CONCEPT has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31k and a net result of €21k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 53% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability97▲+97
Solvency59▲+25
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 1.95 against 1.55 in 2024; short-term debt: 43.5% and cash: 9.2% of total assets), but 66.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
33.7%
Return on assets
22.5%
Age of the figures
9 mo
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
26 d late
2023
19 d late
2022
24 d late
2021
17 d early
2020
16 d early
2019
22 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€31k▲ 202%
2024 · €10k
2018: €-2k
2019: €-4k▼ -88.4% vs 2018lowest in 8 years
2020: €15k▲ +496% vs 2019
2021: €44k▲ +187% vs 2020
2022: €59k▲ +34.1% vs 2021highest in 8 years
2023: €31k▼ -47.3% vs 2022
2024: €10k▼ -67.3% vs 2023
2025: €31k▲ +202% vs 2024
2018 → 2025
Total assets
€91k▼ 14.8%
2024 · €107k
2018: €2k
2019: €246▼ -89.7% vs 2018lowest in 8 years
2020: €37k▲ +14982% vs 2019
2021: €97k▲ +160% vs 2020
2022: €142k▲ +47.2% vs 2021
2023: €193k▲ +36.0% vs 2022highest in 8 years
2024: €107k▼ -44.8% vs 2023
2025: €91k▼ -14.8% vs 2024
2018 → 2025
Net result
€21k
2024 · €-21k
2018: €3k
2019: €-2k▼ -167% vs 2018
2020: €19k▲ +1158% vs 2019
2021: €29k▲ +49.6% vs 2020highest in 8 years
2022: €15k▼ -47.6% vs 2021
2023: €-28k▼ -286% vs 2022lowest in 8 years
2024: €-21k▲ +24.8% vs 2023
2025: €21k▲ +198% vs 2024
2018 → 2025
Working capital
€38k▲ 13.7%
2024 · €33k
2018: €-2k
2019: €-4k▼ -88.4% vs 2018lowest in 8 years
2020: €14k▲ +456% vs 2019
2021: €41k▲ +200% vs 2020
2022: €48k▲ +17.7% vs 2021
2023: €64k▲ +31.8% vs 2022highest in 8 years
2024: €33k▼ -48.0% vs 2023
2025: €38k▲ +13.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€44k-€59k▲ 34.1%€31k▼ 47.3%€10k▼ 67.3%€31k▲ 202%
2021: €44k
2022: €59k▲ +34.1% vs 2021highest in 5 years
2023: €31k▼ -47.3% vs 2022
2024: €10k▼ -67.3% vs 2023lowest in 5 years
2025: €31k▲ +202% vs 2024
Operating result€40k-€22k▼ 45.3%€-23k€-17k▲ 27.9%€24k
2021: €40khighest in 5 years
2022: €22k▼ -45.3% vs 2021
2023: €-23k▼ -207% vs 2022lowest in 5 years
2024: €-17k▲ +27.9% vs 2023
2025: €24k▲ +246% vs 2024
Net result€29k-€15k▼ 47.6%€-28k€-21k▲ 24.8%€21k
2021: €29khighest in 5 years
2022: €15k▼ -47.6% vs 2021
2023: €-28k▼ -286% vs 2022lowest in 5 years
2024: €-21k▲ +24.8% vs 2023
2025: €21k▲ +198% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €24k after a loss of €17k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €91k
Fixed assets
€14k ▲ 2.6%
Current assets
€77k ▼ 17.3%
Equity and liabilities €91k
Equity
€31k ▲ 202%
Debt
€60k ▼ 37.5%
Debt's share of the balance-sheet total falls from 90.5% to 66.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30k▲
2024 · €-12k
Cash flow
€26k▲
2024 · €-16k
Current ratio
1.95▲
2024 · 1.55
Quick ratio
0.60▲
2024 · 0.40
Debt to equity
1.97▼
2024 · 9.55
ROE
66.9%▲
2024 · -206.1%
ROA
22.5%▲
2024 · -19.5%
Interest coverage
7.09▲
2024 · -2.48
Debt ≤ 1 year
€40k▼
2024 · €60k
Debt > 1 year
€21k▼
2024 · €36k
Staff costs
€22▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€107k€91k▼
Fixed assets21/28€13k€14k▲
Intangible fixed assets21€1k-
Tangible fixed assets22/27€12k€14k▲
Plant, machinery and equipment23€1k€921▼
Furniture and vehicles24€2k€5k▲
Other tangible fixed assets26€9k€8k▼
Current assets29/58€93k€77k▼
Stocks and contracts in progress3€69k€54k▼
Stocks30/36€12k€24k▲
Contracts in progress37€58k€29k▼
Amounts receivable within one year40/41€12k€13k▲
Trade receivables40€8k€8k▼
Other amounts receivable41€4k€5k▲
Cash at bank and in hand54/58€10k€8k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€107k€91k▼
Equity10/15€10k€31k▲
Contributions10/11€12k€12k=
Reserves13€42k€42k=
Distributable reserves133€42k€42k=
Profit (loss) carried forward14€-44k€-24k▲
Amounts payable17/49€97k€60k▼
Amounts payable after more than one year17€36k€21k▼
Financial debts170/4€36k€21k▼
Amounts payable within one year42/48€60k€40k▼
Current portion of amounts payable after more than one year42€15k€16k▲
Trade debts44€22k€15k▼
Suppliers440/4€22k€15k▼
Taxes, remuneration and social security45€18k€8k▼
Taxes450/3€17k-
Remuneration and social security454/9€929€8k▲
Other amounts payable47/48€6k€1k▼
Accrued charges and deferred income492/3€10-
Income statement
Code20242025
Remuneration, social security and pensions62€2k€22▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▲
Other operating charges640/8€533€968▲
Gross operating margin9900€-10k€31k▲
Operating profit (loss)9901€-17k€24k▲
Financial income75/76B€696€211▼
Recurring financial income75€696€211▼
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€-21k€21k▲
Profit (loss) for the period9904€-21k€21k▲
Profit (loss) for the period to be appropriated9905€-21k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-44k€-24k▲
Profit (loss) brought forward from the previous period14P€-23k€-44k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €8k | €94k | €70k | €2k | €22 | ▼ 98.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €356 | €2k | €4k | €5k | €5k | ▲ 5.6% |
| Other operating charges640/8 | €528 | €651 | €610 | €533 | €968 | ▲ 81.8% |
| Gross operating margin9900 | €48k | €118k | €52k | €-10k | €31k | ▲ 417% |
| Operating profit (loss)9901 | €40k | €22k | €-23k | €-17k | €24k | ▲ 246% |
| Financial income75/76B | €490 | €698 | €1k | €696 | €211 | ▼ 69.7% |
| Recurring financial income75 | €490 | €698 | €1k | €696 | €211 | ▼ 69.7% |
| Financial charges65/66B | €273 | €1k | €6k | €5k | €4k | ▼ 12.3% |
| Recurring financial charges65 | €273 | €1k | €6k | €5k | €4k | ▼ 12.3% |
| Profit (loss) for the period before taxes9903 | €40k | €21k | €-28k | €-21k | €21k | ▲ 198% |
| Income taxes67/77 | €11k | €6k | - | - | - | - |
| Profit (loss) for the period9904 | €29k | €15k | €-28k | €-21k | €21k | ▲ 198% |
| Profit (loss) for the period to be appropriated9905 | €29k | €15k | €-28k | €-21k | €21k | ▲ 198% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €97k | €142k | €193k | €107k | €91k | ▼ 14.8% |
| Fixed assets21/28 | €3k | €10k | €18k | €13k | €14k | ▲ 2.6% |
| Intangible fixed assets21 | - | €4k | €3k | €1k | - | - |
| Tangible fixed assets22/27 | €3k | €6k | €16k | €12k | €14k | ▲ 13.7% |
| Plant, machinery and equipment23 | €1k | €2k | €2k | €1k | €921 | ▼ 19.4% |
| Furniture and vehicles24 | €2k | €5k | €4k | €2k | €5k | ▲ 120% |
| Other tangible fixed assets26 | - | - | €10k | €9k | €8k | ▼ 11.7% |
| Current assets29/58 | €94k | €132k | €175k | €93k | €77k | ▼ 17.3% |
| Stocks and contracts in progress3 | €36k | €58k | €99k | €69k | €54k | ▼ 22.9% |
| Stocks30/36 | €36k | €23k | €11k | €12k | €24k | ▲ 108% |
| Contracts in progress37 | - | €36k | €89k | €58k | €29k | ▼ 49.2% |
| Amounts receivable within one year40/41 | €39k | €50k | €30k | €12k | €13k | ▲ 9.7% |
| Trade receivables40 | €23k | €38k | €14k | €8k | €8k | ▼ 4.9% |
| Other amounts receivable41 | €16k | €12k | €16k | €4k | €5k | ▲ 42.3% |
| Cash at bank and in hand54/58 | €17k | €8k | €19k | €10k | €8k | ▼ 16.7% |
| Deferred charges and accrued income490/1 | €2k | €15k | €27k | €2k | €2k | ▲ 13.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €97k | €142k | €193k | €107k | €91k | ▼ 14.8% |
| Equity10/15 | €44k | €59k | €31k | €10k | €31k | ▲ 202% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €28k | €42k | €42k | €42k | €42k | = |
| Distributable reserves133 | €28k | €42k | €42k | €42k | €42k | = |
| Profit (loss) carried forward14 | €3k | €4k | €-23k | €-44k | €-24k | ▲ 46.3% |
| Amounts payable17/49 | €53k | €83k | €162k | €97k | €60k | ▼ 37.5% |
| Amounts payable after more than one year17 | - | - | €51k | €36k | €21k | ▼ 42.8% |
| Financial debts170/4 | - | - | €51k | €36k | €21k | ▼ 42.8% |
| Amounts payable within one year42/48 | €53k | €83k | €111k | €60k | €40k | ▼ 34.3% |
| Current portion of amounts payable after more than one year42 | - | - | €14k | €15k | €16k | ▲ 6.0% |
| Trade debts44 | €38k | €60k | €75k | €22k | €15k | ▼ 33.3% |
| Suppliers440/4 | €38k | €60k | €75k | €22k | €15k | ▼ 33.3% |
| Advances received on contracts in progress46 | €120 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €13k | €22k | €8k | €18k | €8k | ▼ 54.8% |
| Taxes450/3 | €8k | €7k | €6k | €17k | - | - |
| Remuneration and social security454/9 | €5k | €15k | €2k | €929 | €8k | ▲ 753% |
| Other amounts payable47/48 | €1k | €1k | €14k | €6k | €1k | ▼ 79.9% |
| Accrued charges and deferred income492/3 | €134 | - | - | €10 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29k | €15k | €-28k | €-21k | €21k | ▲ 198% |
| + Depreciation and write-downs630 | €356 | €2k | €4k | €5k | €5k | ▲ 5.6% |
| Operating cash flow (approximation) | €29k | €17k | €-24k | €-16k | €26k | ▲ 261% |
| Investment in fixed assets (approximation) | - | €-9k | €-12k | €0 | €-6k | - |
| Change in cash | - | €-8k | €11k | €-9k | €-2k | ▲ 81.2% |
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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €21k
Net result €21k after 2 loss-making years.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
31-12
Financial
Weakest financial yearnet €-28k
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €29k ▲49.6%
Operating result €40k, net result €29k, both a record.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
31-12
Financial
Liquidity times 27current ratio 1.63
Current ratio from 0.06 to 1.63.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 78 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 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, Montigny-le-Tilleul · 1 establishment unit since 2010
Ground area
2,832 m²
Building footprint
231 m²
Volume, LiDAR
1,224 m³
2 parcels, Wallonia · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
GL TECH CONCEPT
since 20102.191.400.046
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52048B0432/00K000 | Wallonia | 1,769 m² | 1 · 141 m² | 5.8 m · 2 fl. |
| 56034A0532/00G000 | Wallonia | 1,064 m² | 1 · 90 m² | 8.3 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.
Recognitions · licences · registrations
Recognised contractor
8 categoriesGL TECH CONCEPT SRL42373
Similar companies · same sector, comparable size
MALWIN
BE 0761.929.555
Watermaal-Bosvoorde · Eq €30,827
P.W.B.
BE 0707.992.607
Malmedy · Eq €30,320
BUREAU D'EXPERTISES ET DE GESTION H. DENIS
BE 0466.552.578
Braine-l'Alleud · Eq €31,040
LASTLINK MANAGEMENT
BE 0785.553.015
Elsene · Eq €31,293
Mystique
BE 0670.539.818
Harelbeke · Eq €31,762
Of 1,530 companies in sector 68322 we hold annual accounts for 740. 465 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
Founded06-09-2010
Fiscal year end31-12
Activities, NACEBEL 2025
68322Real estate appraisal on a fee or contract basis
43211General electrical installation work
43221Plumbing work
43990Other specialised construction activities
46831Wholesale of construction materials, general range
Contact
E-mail
info@gltechconcept.be
Scores and ratios are computed by Checked and are not a credit decision.