Glad Diffusion
ActiveSummary
Glad Diffusion has been active since 1971 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €78,129 and a net result of €26,898. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 95% of 9,778 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €78,129
- Profit
- €26,898
- Parent
- GOOD MORNING · 99.6%
- Board
- 4 members
- BROMBERG SteveDaily manager
Why 91raises riskLiquidity: current ratio 21.60, cash €1,118, halvedSize: total assets €79,858lowers riskFounded in 1971Equity €78,129 (97.8% of total assets)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro): better than 90% on solvency, 56% on liquidity, 95% on profitability and 88% on growth.
The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 22 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Liquidity more than 20 timescurrent ratio 21.60
- Annual accounts filedfinancial year 2024 · full…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 1% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 31,368 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,445 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 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 74.5% 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 31,368 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €10 | €197 | €197 | €197 | €197 | €197 | = |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€87,500 | €0 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €6,633 | €6,780 | €8,170 | €8,546 | €8,824 | ▲ 3.3% |
| Gross operating margin9900 | €40,498 | €39,125 | €17,636 | €17,182 | €43,949 | €41,234 | €44,648 | €44,670 | = |
| Operating profit (loss)9901 | €33,908 | €33,387 | €35,379 | €97,852 | €36,972 | €32,867 | €35,906 | €35,649 | ▼ 0.7% |
| Financial income75/76B | - | - | - | €943 | €3,036 | €8,879 | €2,601 | €245 | ▼ 90.6% |
| Recurring financial income75 | €934 | €875 | €940 | €943 | €3,036 | €8,879 | €2,601 | €245 | ▼ 90.6% |
| Financial charges65/66B | - | - | - | €25 | €24 | €24 | €4,903 | €30 | ▼ 99.4% |
| Recurring financial charges65 | €15 | €17 | €21 | €25 | €24 | €24 | €4,903 | €30 | ▼ 99.4% |
| Profit (loss) for the period before taxes9903 | €34,827 | €34,245 | €36,298 | €98,771 | €39,984 | €41,722 | €33,604 | €35,864 | ▲ 6.7% |
| Income taxes67/77 | €10,835 | €10,228 | €9,074 | €13,600 | €9,996 | €10,430 | €8,401 | €8,966 | ▲ 6.7% |
| Profit (loss) for the period9904 | €23,993 | €24,016 | €27,223 | €85,171 | €29,988 | €31,291 | €25,203 | €26,898 | ▲ 6.7% |
| Profit (loss) for the period to be appropriated9905 | €23,993 | €24,016 | €27,223 | €85,171 | €29,988 | €31,291 | €25,203 | €26,898 | ▲ 6.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €195,030 | €215,887 | €244,316 | €242,383 | €249,872 | €277,633 | €309,634 | €79,858 | ▼ 74.2% |
| Fixed assets21/28 | €41,526 | €41,526 | €43,487 | €43,290 | €43,093 | €42,896 | €42,699 | €42,502 | ▼ 0.5% |
| Tangible fixed assets22/27 | €39,885 | €39,885 | €41,847 | €41,649 | €41,452 | €41,255 | €41,058 | €40,861 | ▼ 0.5% |
| Land and buildings22 | - | - | - | €39,885 | €39,885 | €39,885 | €39,885 | €39,885 | = |
| Other tangible fixed assets26 | - | - | - | €1,765 | €1,568 | €1,370 | €1,173 | €976 | ▼ 16.8% |
| Financial fixed assets28 | €1,641 | €1,641 | €1,641 | €1,641 | €1,641 | €1,641 | €1,641 | €1,641 | = |
| Current assets29/58 | €153,505 | €174,361 | €200,829 | €199,093 | €206,779 | €234,737 | €266,935 | €37,356 | ▼ 86.0% |
| Amounts receivable within one year40/41 | €153,180 | €173,443 | €198,958 | €198,710 | €206,155 | €232,712 | €262,298 | €34,628 | ▼ 86.8% |
| Other amounts receivable41 | - | - | - | €198,710 | €206,155 | €232,712 | €262,298 | €34,628 | ▼ 86.8% |
| Cash at bank and in hand54/58 | €325 | €918 | €1,870 | €383 | €624 | €513 | €3,070 | €1,118 | ▼ 63.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €1,511 | €1,567 | €1,610 | ▲ 2.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €195,030 | €215,887 | €244,316 | €242,383 | €249,872 | €277,633 | €309,634 | €79,858 | ▼ 74.2% |
| Equity10/15 | €78,338 | €102,355 | €129,578 | €214,749 | €244,736 | €276,028 | €51,231 | €78,129 | ▲ 52.5% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €2,990 | €2,990 | €2,990 | €2,990 | €2,990 | €2,990 | €2,990 | €2,990 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €1,131 | €1,131 | €2,990 | €2,990 | €2,990 | = |
| Profit (loss) carried forward14 | €56,756 | €80,773 | €107,996 | €193,167 | €223,154 | €254,446 | €29,649 | €56,547 | ▲ 90.7% |
| Provisions and deferred taxes16 | €112,500 | €112,500 | €87,500 | €0 | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €0 | - | - | - | - | - |
| Major repairs and maintenance162 | - | - | - | €0 | - | - | - | - | - |
| Amounts payable17/49 | €4,192 | €1,032 | €27,238 | €27,634 | €5,136 | €1,605 | €258,404 | €1,730 | ▼ 99.3% |
| Amounts payable within one year42/48 | €4,192 | €1,032 | €27,238 | €27,634 | €5,136 | €1,605 | €258,404 | €1,730 | ▼ 99.3% |
| Trade debts44 | - | - | €26,206 | €23,002 | €503 | €145 | €0 | - | - |
| Suppliers440/4 | - | - | - | €23,002 | €503 | €145 | €0 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €3,600 | €3,600 | €430 | €0 | - | - |
| Taxes450/3 | - | - | - | €3,600 | €3,600 | €430 | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €1,032 | €1,032 | €1,030 | €258,404 | €1,730 | ▼ 99.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,993 | €24,016 | €27,223 | €85,171 | €29,988 | €31,291 | €25,203 | €26,898 | ▲ 6.7% |
| + Depreciation and write-downs630 | - | - | €10 | €197 | €197 | €197 | €197 | €197 | = |
| Operating cash flow (approximation) | €23,993 | €24,016 | €27,233 | €85,368 | €30,185 | €31,489 | €25,400 | €27,095 | ▲ 6.7% |
| Investment in fixed assets (approximation) | - | €0 | -€1,972 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €593 | €952 | -€1,488 | €241 | -€111 | €2,557 | -€1,952 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 49 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 18-06-2026 | 2026-00173225 |
| 31-12-2024 | full format | 15-07-2025 | 2025-00270667 |
| 31-12-2023 | full format | 24-06-2024 | 2024-00155490 |
| 31-12-2022 | full format | 29-06-2023 | 2023-00175177 |
| 31-12-2021 | full format | 23-06-2022 | 2022-20127576 |
| 31-12-2020 | full format | 16-07-2021 | 2021-36300312 |
| 31-12-2019 | full format | 28-08-2020 | 2020-46400498 |
| 31-12-2018 | full format | 18-07-2019 | 2019-36000064 |
| 31-12-2017 | full format | 11-07-2018 | 2018-31900152 |
| 31-12-2016 | full format | 26-07-2017 | 2017-36200008 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 4
Day-to-day management 1
Permanent representatives 1
Other functions 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- Other function
- began earlier
| Name | Functions and periods |
|---|---|
| BROMBERG Laura |
|
| BROMBERG Steve |
|
| Good Life XL |
|
| GOOD MORNING |
|
Owners and capital
Owners
1 ownerChain of control
- GOOD MORNING
- Glad Diffusion
Highest known parent: GOOD MORNING. The sources do not say who stands above it.
Owners 1
- GOOD MORNINGparent99.6%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 08-02-2024 Converted to unavailable equity
Group and network
Connections & network
3 connected companiesHistory
Acts, filings and financial milestones
08-02
Gazette deed
Appointments: BROMBERG Laura, BROMBERG Steve and Good Life XLResignation: GOOD MORNING (manager) · Reappointment: GOOD MORNING (director) · Kind of shares15 facts ▸
- General meeting, 15-12-2023
- Kind of shares, “suppression de la valeur nominale des actions” (deed in French)
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “suppression du compte de capitaux propres statutairement indisponible, fonds disponibles pour distribution” (deed in French)
- Director appointment, BROMBERG Laura (administrateur statutaire suppléant) (2 times)
- Director appointment, BROMBERG Steve (administrateur statutaire suppléant) (2 times)
- Director appointment, Good Life XL (administrateur ad hoc)
- Capital
- Director resignation, GOOD MORNING (manager)
- Director reappointment, GOOD MORNING (director (not named in the articles))
- Power of attorney, GOOD MORNING (2 times)
- +3 further facts in this act
Show earlier events
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21305B0204/00H032indicative | Brussels | 626 m² | 1 · 525 m² | 30.9 m · 6 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L'achat, la confection, la fabrication, la vente, l'importation, l'exportation, représentation de tous articles textiles ayant trait à…” (deed in French)
3 activities (deed in French)
- L'achat, la confection, la fabrication, la vente, l'importation, l'exportation, représentation de tous articles textiles ayant trait à l'habillement
- Faire en Belgique et à l'étranger tous actes, transactions ou opérations commerciales, industrielles, financières, mobilières ou immobilières, se rapportant directement ou indirectement, en tout ou en partie, à son objet ou qui serait de nature à favoriser ou à développer sa réalisation
- S'intéresser par voie de fusion, de souscription ou de toute autre manière à toutes entreprises, associations ou sociétés ayant un objet similaire, analogue ou connexe au sien ou de nature à favoriser son objet
- Name clauseThe name the company operates under according to its articles.
- GLAD DIFFUSION
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Lorsque la société est administrée par plusieurs administrateurs et sauf organisation par l'assemblée générale d'un organe d'administration…”
- Daily managementWho may handle the everyday running of the business without the full board.
- The delegates act alone or jointly
- Board ruleHow the board is made up, meets and takes decisions.
- “Administrateurs restants ont le droit de coopter un nouvel administrateur si la place devient vacante avant la fin du mandat, par simple…” (deed in French)“À titre gratuit, sauf décision contraire de l'assemblée générale” (deed in French)“La totalité des pouvoirs d'administration lui est attribuée, avec la faculté de déléguer partie de ceux-ci” (deed in French)2 more provisions on this in the deed
Capital, shares and profit
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “Limites fixées par la loi, assemblée générale” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Tuesday of June at 12:00
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- “Accord de l'administrateur ad hoc si la SRL Good Morning n'est plus administrateur de la société” (deed in French)1 more provision on this in the deed
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Dans le respect des conditions prévues à l'article 2:80 du Code des sociétés et des associations, une dissolution et une clôture de la…” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “L'assemblée générale détermine leur nombre, leurs pouvoirs et leurs émoluments, administrateurs en exercice ou à défaut un ou plusieurs…” (deed in French)