GLACE JOZEF
ActiveGLACE JOZEF has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €231k and a net result of €-10k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 80% of 3644 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability65▲+1
Solvency87▲+2
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 2.04 against 1.94 in 2024; short-term debt: 7.3% and cash: 6.9% of total assets), and 38% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-10k
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 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
20 d late
2023
58 d early
2022
55 d early
2021
10 d late
2020
6 d late
2019
15 d early
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€231k▼ 4.0%
2024 · €240k
2018: €262k
2019: €263k
2020: €279k
2021: €272k
2022: €251k
2023: €256k
2024: €240k
2018 → 2025
Total assets
€372k▼ 7.8%
2024 · €404k
2018: €561k
2019: €566k
2020: €540k
2021: €502k
2022: €473k
2023: €448k
2024: €404k
2018 → 2025
Net result
€-10k▲ 38.8%
2024 · €-16k
2018: €8k
2019: €2k
2020: €15k
2021: €-7k
2022: €-20k
2023: €5k
2024: €-16k
2018 → 2025
Working capital
€28k▲ 6.4%
2024 · €27k
2018: €31k
2019: €36k
2020: €51k
2021: €32k
2022: €25k
2023: €35k
2024: €27k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€272k-€251k▼ 7.5%€256k▲ 2.1%€240k▼ 6.2%€231k▼ 4.0%
Operating result€-2k-€-15k▼ 550%€11k€-11k€-6k▲ 49.9%
Net result€-7k-€-20k▼ 189%€5k€-16k€-10k▲ 38.8%
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 stays negative: a loss of €6k in 2025 against €11k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €372k
Fixed assets
€317k▼ 9.3%
Current assets
€56k▲ 1.3%
Equity and liabilities €372k
Equity
€231k▼ 4.0%
Debt
€142k▼ 13.4%
The debt ratio falls from 40.5% to 38.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€31k▲
2024 · €27k
Cash flow
€27k▲
2024 · €23k
Solvency
62.0%▲
2024 · 59.5%
Current ratio
2.04▲
2024 · 1.94
Quick ratio
2.02▲
2024 · 1.93
Debt / equity
0.61▼
2024 · 0.68
ROE
-4.2%▲
2024 · -6.6%
ROA
-2.6%▲
2024 · -3.9%
Interest coverage
8.23▲
2024 · 6.56
Debt
€142k▼
2024 · €163k
Debt ≤ 1 year
€27k▼
2024 · €28k
Debt > 1 year
€114k▼
2024 · €135k
Income taxes
€317▲
2024 · €315
Staff costs
€26k▲
2024 · €25k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€404k€372k▼
Fixed assets21/28€349k€317k▼
Tangible fixed assets22/27€348k€316k▼
Land and buildings22€332k€303k▼
Plant, machinery and equipment23€12k€10k▼
Furniture and vehicles24€4k€3k▼
Financial fixed assets28€981€981=
Current assets29/58€55k€56k▲
Stocks and contracts in progress3€447€533▲
Stocks30/36€447€533▲
Amounts receivable within one year40/41€10k€7k▼
Trade receivables40€1k-
Other amounts receivable41€8k€7k▼
Current investments50/53€25k€20k▼
Cash at bank and in hand54/58€18k€26k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€404k€372k▼
Equity10/15€240k€231k▼
Contributions10/11€19k€19k=
Reserves13€222k€212k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€96k€96k=
Distributable reserves133€124k€114k▼
Amounts payable17/49€163k€142k▼
Amounts payable after more than one year17€135k€114k▼
Financial debts170/4€125k€107k▼
Other amounts payable178/9€10k€7k▼
Amounts payable within one year42/48€28k€27k▼
Current portion of amounts payable after more than one year42€21k€18k▼
Trade debts44€1k€3k▲
Suppliers440/4€1k€3k▲
Taxes, remuneration and social security45€6k€6k▲
Taxes450/3-€238
Remuneration and social security454/9€6k€6k▲
Accrued charges and deferred income492/3€92-
Income statement
Code20242025
Remuneration, social security and pensions62€25k€26k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€36k▼
Other operating charges640/8€4k€4k▲
Gross operating margin9900€57k€61k▲
Operating profit (loss)9901€-11k€-6k▲
Financial income75/76B€106€69▼
Recurring financial income75€106€69▼
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€-16k€-9k▲
Income taxes67/77€315€317▲
Profit (loss) for the period9904€-16k€-10k▲
Profit (loss) for the period to be appropriated9905€-16k€-10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€-10k▲
Transfer from equity791/2€16k€10k▼
Social balance
Average headcount (FTE)90874.74.3▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 20 days late
2024
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 10 days late
2021
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 6 days late
2020
31-12
Financial
Highest result since 2018net €15k ▲882%
Operating result €21k, net result €15k, both a record.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Edegem · 1 establishment unit since 1985
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.
Onafhankelijkheidsstraat 1142650 EdegemGround area
352 m²
Building footprint
145 m²
Volume, LiDAR
913 m³
Parcel 11472B0008/00K004, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Glace Jozef
since 19852.026.079.283
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11472B0008/00K004 | Flanders | 352 m² | 1 · 145 m² | 11.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEdegem2.026.079.283
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Of 21,896 companies in sector 56112 we hold annual accounts for 9,784. 6,368 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-11-1984
Fiscal year end31-12
Activities, NACEBEL
10520Manufacture of food products
55302
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.