GLA IMMO

Active

Private limited companyfounded 20197 yrs activeHerkoliersstraat 85, 1081 Koekelberg, BelgiumKBO/BCE: BE 0724.482.409

The computed 12-month bankruptcy probability of GLA IMMO is 8.7% (elevated). The 2024 annual accounts show negative equity (€-7k) and a net result of €-26k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 9981 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

10 / 100

Critical

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-2

Solvency0▼-97

Growth32▼-20

Track record100

Bankruptcy probability, 12 months

8.7% Elevated

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.21 against 0.34 in 2023; short-term debt: 234.1% and cash: 4.4% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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 2024

Solvency, return and age of the figures

Solvency

-134.1%

Return on assets

-462.9%

Age of the figures

21 mo

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Sector 41

higher

← fewer bankruptcies more bankruptcies →

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

202122232324

2020 to 2024 · latest year €-7k

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-05-2025, 85 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

not confirmed

2024

85 d early

2023

36 d late

2023

65 d late

2022

2 d late

2021

19 d early

2020

7 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

€53k

EBIT margin

9.9%

Net result

€-26k▼ 654%

2023 · €-3k

2020: €-12 2021: €5k 2022: €22k 2023: €-5k 2023: €-3k

2020 → 2024

Working capital

€-10k▼ 124%

2023 · €-5k

2021: €5k 2022: €-6k 2023: €-3k 2023: €-5k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320232024Trend

Turnover€53k-

Equity€5k-€27k▲ 416%€22k▼ 19.2%€18k▼ 15.7%€-7k

Operating result€5k-€22k▲ 324%€-5k€-3k▲ 33.0%€-19k▼ 462%

Net result€5k-€22k▲ 323%€-5k€-3k▲ 33.9%€-26k▼ 654%

Result per fiscal year

Operating resultNet result

Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €6k

50.7%

49.3%

Fixed assets €3k▼ 87.7%

Current assets €3k▲ 16.6%

Key figures and ratios

2024 value · change against 2023

EBITDA

€-11k▼

2023 · €-1k

Cash flow

€-18k▼

2023 · €-1k

Solvency

-134.1%▼

2023 · 72.5%

Current ratio

0.21▼

2023 · 0.34

Quick ratio

0.21▼

2023 · 0.34

Debt / equity

-1.75▼

2023 · 0.38

ROA

-462.9%▼

2023 · -13.5%

Interest coverage

-65.08▼

2023 · -55.72

Debt

€13k▲

2023 · €7k

Debt ≤ 1 year

€13k▲

2023 · €7k

Income taxes

€7k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€25k€6k▼

Fixed assets21/28€23k€3k▼

Tangible fixed assets22/27€23k€3k▼

Furniture and vehicles24€23k€3k▼

Current assets29/58€2k€3k▲

Amounts receivable within one year40/41€2k€2k▲

Trade receivables40€100€233▲

Other amounts receivable41€2k€2k▲

Cash at bank and in hand54/58€334€245▼

Equity and liabilities

Total equity and liabilities10/49€25k€6k▼

Equity10/15€18k€-7k▼

Contributions10/11€100€100=

Outside capital11€100-

Other1109/19€100-

Profit (loss) carried forward14€18k€-8k▼

Amounts payable17/49€7k€13k▲

Amounts payable within one year42/48€7k€13k▲

Trade debts44€6k€10k▲

Suppliers440/4€6k€10k▲

Taxes, remuneration and social security45-€50

Taxes450/3-€50

Other amounts payable47/48€612€3k▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€8k▲

Other operating charges640/8-€961

Non-recurring operating charges66A-€12k

Gross operating margin9900€-1k€2k▲

Operating profit (loss)9901€-3k€-19k▼

Financial income75/76B-€15

Recurring financial income75-€15

Financial charges65/66B€26€174▲

Recurring financial charges65€26€174▲

Profit (loss) for the period before taxes9903€-3k€-19k▼

Income taxes67/77-€7k

Profit (loss) for the period9904€-3k€-26k▼

Profit (loss) for the period to be appropriated9905€-3k€-26k▼

Appropriation of the result

Profit (loss) to be appropriated9906€18k€-8k▼

Profit (loss) brought forward from the previous period14P€22k€18k▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 9Financial 3Filings 6

2025

07-05

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €-26k

Net result drops to €-26k, the lowest in the series.

05-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 36 days late

04-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 65 days late

2023

02-05

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 2 days late

2022

30-09

Financial Highest result since 2020net €22k ▲323%

Net result €22k, the highest in the series.

11-04

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

30-09

Financial Back to profitnet €5k

Net result €5k after one loss-making year.

07-05

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 7 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Koekelberg · 1 establishment unit since 2020

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Herkoliersstraat 851081 Koekelberg

Ground area

226 m²

Building footprint

212 m²

Volume, LiDAR

2,556 m³

2 parcels, Brussels · tallest building 22.1 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

GLA IMMO

de Mérodestraat 308, 1190 VorstManufacture of fabricated metal products, except machinery and equipment

since 20202.299.101.819

2 parcels

Brussels 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21007A0020/00S002	Brussels	144 m²	1 · 145 m²	22.1 m · 5 fl.
21492B0053/00Y000indicative	Brussels	82 m²	1 · 66 m²	11.4 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

1 of 2 parcels with an exact address match; the rest are indicative.

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

Similar companies · same sector, comparable size

CONSORTIUM VOOR INVESTERING EN BEHEER VAN ONROERENDE GOEDEREN

BE 0436.861.472

Ninove · Eq €18k

Of 29,801 companies in sector 41001 we hold annual accounts for 16,050. 11,312 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded03-04-2019

Fiscal year end31-12

Activities, NACEBEL

41001General construction of residential buildings

68121Development of residential building projects

Sources

Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers

Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.