GLADECO
ActiveGLADECO has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €30k and a net result of €-21k. Equity is shrinking by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 84% of 7687 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-5
Solvency100=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 3.85 against 3.41 in 2024), and 24.1% 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 43
Relative position
BE, all sectors
reference
Sector 43
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 · 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
75.9%
Return on assets
-52.3%
Age of the figures
8 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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
31 d early
2023
30 d late
2022
5 d early
2021
4 d early
2020
12 d late
2019
24 d late
← 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€30k▼ 40.8%
2024 · €51k
2018: €63k
2019: €63k
2020: €28k
2021: €50k
2022: €50k
2023: €51k
2024: €51k
2018 → 2025
Total assets
€40k▼ 39.5%
2024 · €66k
2018: €223k
2019: €225k
2020: €143k
2021: €104k
2022: €90k
2023: €79k
2024: €66k
2018 → 2025
Net result
€-21k
2024 · €531
2018: €870
2019: €156
2020: €-35k
2021: €22k
2022: €478
2023: €462
2024: €531
2018 → 2025
Working capital
€27k▼ 23.2%
2024 · €36k
2018: €56k
2019: €51k
2020: €17k
2021: €16k
2022: €17k
2023: €24k
2024: €36k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€50k-€50k▲ 1.0%€51k▲ 0.9%€51k▲ 1.1%€30k▼ 40.8%
Operating result€25k-€1k▼ 95.2%€-2k€663€-21k
Net result€22k-€478▼ 97.8%€462▼ 3.5%€531▲ 15.0%€-21k
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 turns negative in 2025: a loss of €21k after €663 in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €40k
Fixed assets
€3k▼ 81.1%
Current assets
€37k▼ 26.6%
Equity and liabilities €40k
Equity
€30k▼ 40.8%
Debt
€10k▼ 34.9%
The debt ratio rises from 22.4% to 24.1%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€-8k▼
2024 · €15k
Cash flow
€-8k▼
2024 · €15k
Solvency
75.9%▼
2024 · 77.6%
Current ratio
3.85▲
2024 · 3.41
Quick ratio
2.59▼
2024 · 2.75
Debt / equity
0.32▲
2024 · 0.29
ROE
-68.8%▼
2024 · 1.0%
ROA
-52.3%▼
2024 · 0.8%
Interest coverage
-32.37▼
2024 · 38.08
Debt
€10k▼
2024 · €15k
Debt ≤ 1 year
€10k▼
2024 · €15k
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€66k€40k▼
Fixed assets21/28€15k€3k▼
Tangible fixed assets22/27€15k€3k▼
Land and buildings22€2k€2k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€11k€0▼
Financial fixed assets28€50€50=
Current assets29/58€50k€37k▼
Stocks and contracts in progress3€10k€12k▲
Stocks30/36€10k€12k▲
Amounts receivable within one year40/41€10k€18k▲
Trade receivables40€3k€13k▲
Other amounts receivable41€8k€5k▼
Cash at bank and in hand54/58€30k€7k▼
Equity and liabilities
Total equity and liabilities10/49€66k€40k▼
Equity10/15€51k€30k▼
Contributions10/11€6k€6k=
Reserves13€57k€57k=
Tax-exempt reserves132€3k€3k=
Distributable reserves133€54k€54k=
Profit (loss) carried forward14€-12k€-33k▼
Amounts payable17/49€15k€10k▼
Amounts payable within one year42/48€15k€10k▼
Current portion of amounts payable after more than one year42€4k-
Trade debts44€195€509▲
Suppliers440/4€195€509▲
Other amounts payable47/48€11k€9k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€13k▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€16k€-7k▼
Operating profit (loss)9901€663€-21k▼
Financial income75/76B€261€83▼
Recurring financial income75€261€83▼
Financial charges65/66B€393€250▼
Recurring financial charges65€393€250▼
Profit (loss) for the period before taxes9903€531€-21k▼
Profit (loss) for the period9904€531€-21k▼
Profit (loss) for the period to be appropriated9905€531€-21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-12k€-33k▼
Profit (loss) brought forward from the previous period14P€-12k€-12k▲
The notes to these accounts (5 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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 12 days late
2020
31-12
Financial
Weakest financial yearnet €-35k ▼22375%
Net result drops to €-35k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 24 days late
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Zulte · 1 establishment unit since 1998
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.
Kapellestraat 1569870 ZulteGround area
821 m²
Building footprint
140 m²
Volume, LiDAR
805 m³
Parcel 44081B0569/00C002, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kapellestraat 156, 9870 Zulte
since 19982.085.580.766
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44081B0569/00C002 | Flanders | 821 m² | 1 · 140 m² | 9.2 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.
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Of 19,948 companies in sector 43320 we hold annual accounts for 9,084. 6,759 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-01-1998
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
45421
43343Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.