Summary
Gladio is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €214k and a net result of €22k. Equity is growing by ~39% per year across the filed fiscal years. Its solvency ranks better than 90% of 8048 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
42 d early
2023
19 d early
2022
38 d early
2021
37 d early
2020
31 d early
2019
31 d late
← 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
€214k▲ 11.4%
2024 · €192k
2018: €27klowest in 8 years
2019: €32k▲ +21.1% vs 2018
2020: €51k▲ +59.6% vs 2019
2021: €75k▲ +46.5% vs 2020
2022: €96k▲ +27.2% vs 2021
2023: €172k▲ +79.1% vs 2022
2024: €192k▲ +11.9% vs 2023
2025: €214k▲ +11.4% vs 2024highest in 8 years
2018 → 2025
Net result
€22k▲ 7.2%
2024 · €20k
2018: €1klowest in 8 years
2019: €6k▲ +357% vs 2018
2020: €19k▲ +242% vs 2019
2021: €24k▲ +24.5% vs 2020
2022: €20k▼ -14.4% vs 2021
2023: €76k▲ +270% vs 2022highest in 8 years
2024: €20k▼ -73.1% vs 2023
2025: €22k▲ +7.2% vs 2024
2018 → 2025
Total assets
€232k▲ 7.7%
2024 · €216k
2018: €28klowest in 8 years
2019: €43k▲ +58.1% vs 2018
2020: €55k▲ +27.4% vs 2019
2021: €141k▲ +155% vs 2020
2022: €193k▲ +36.4% vs 2021
2023: €259k▲ +34.4% vs 2022highest in 8 years
2024: €216k▼ -16.7% vs 2023
2025: €232k▲ +7.7% vs 2024
2018 → 2025
Solvency
92.0%▲ 3.0pp
2024 · 89.0%
2018: 96.7%highest in 8 years
2019: 74.1%▼ -23.4% vs 2018
2020: 92.8%▲ +25.3% vs 2019
2021: 53.4%▼ -42.5% vs 2020
2022: 49.8%▼ -6.8% vs 2021lowest in 8 years
2023: 66.3%▲ +33.2% vs 2022
2024: 89.0%▲ +34.3% vs 2023
2025: 92.0%▲ +3.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€75k-€96k▲ 27.2%€172k▲ 79.1%€192k▲ 11.9%€214k▲ 11.4%
2021: €75klowest in 5 years
2022: €96k▲ +27.2% vs 2021
2023: €172k▲ +79.1% vs 2022
2024: €192k▲ +11.9% vs 2023
2025: €214k▲ +11.4% vs 2024highest in 5 years
Operating result€35k-€30k▼ 16.2%€31k▲ 6.1%€25k▼ 21.1%€26k▲ 6.7%
2021: €35khighest in 5 years
2022: €30k▼ -16.2% vs 2021
2023: €31k▲ +6.1% vs 2022
2024: €25k▼ -21.1% vs 2023lowest in 5 years
2025: €26k▲ +6.7% vs 2024
Net result€24k-€20k▼ 14.4%€76k▲ 270%€20k▼ 73.1%€22k▲ 7.2%
2021: €24k
2022: €20k▼ -14.4% vs 2021
2023: €76k▲ +270% vs 2022highest in 5 years
2024: €20k▼ -73.1% vs 2023lowest in 5 years
2025: €22k▲ +7.2% 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 recovers in 2025; 2025 is 7% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €232k
Fixed assets
€45k ▼ 35.9%
Current assets
€187k ▲ 29.1%
Equity and liabilities €232k
Equity
€214k ▲ 11.4%
Debt
€18k ▼ 21.8%
Debt's share of the balance-sheet total falls from 11.0% to 8.0%. Equity is higher and debt is lower.
Key figures and ratios
ROE
10.2%▼
2024 · 10.6%
ROA
9.4%▼
2024 · 9.4%
Debt ≤ 1 year
€18k▼
2024 · €20k
Debt > 1 year
€0▼
2024 · €3k
Income taxes
€9k▲
2024 · €8k
Staff costs
€212
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€216k€232k▲
Fixed assets21/28€71k€45k▼
Tangible fixed assets22/27€71k€45k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€67k€44k▼
Financial fixed assets28€300€300=
Current assets29/58€145k€187k▲
Amounts receivable after more than one year29€72k€77k▲
Trade receivables290€72k€77k▲
Amounts receivable within one year40/41€11k€11k▲
Trade receivables40€11k€11k▲
Other amounts receivable41-€4
Cash at bank and in hand54/58€61k€98k▲
Deferred charges and accrued income490/1€578€721▲
Equity and liabilities
Total equity and liabilities10/49€216k€232k▲
Equity10/15€192k€214k▲
Contributions10/11€19k€19k=
Reserves13€173k€195k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€172k€193k▲
Amounts payable17/49€24k€18k▼
Amounts payable after more than one year17€3k€0▼
Financial debts170/4€3k€0▼
Amounts payable within one year42/48€20k€18k▼
Current portion of amounts payable after more than one year42€8k€3k▼
Trade debts44€98€2k▲
Suppliers440/4€98€2k▲
Taxes, remuneration and social security45€10k€13k▲
Taxes450/3€10k€13k▲
Other amounts payable47/48€2k€0▼
Accrued charges and deferred income492/3€763€449▼
Income statement
Code20242025
Remuneration, social security and pensions62-€212
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€25k▼
Other operating charges640/8€880€527▼
Gross operating margin9900€53k€53k▼
Operating profit (loss)9901€25k€26k▲
Financial income75/76B€4k€4k▲
Recurring financial income75€4k€4k▲
Financial charges65/66B€450€204▼
Recurring financial charges65€450€204▼
Profit (loss) for the period before taxes9903€29k€31k▲
Income taxes67/77€8k€9k▲
Profit (loss) for the period9904€20k€22k▲
Profit (loss) for the period to be appropriated9905€20k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€20k€22k▲
Transfer to equity691/2€20k€22k▲
To other reserves6921€20k€22k▲
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1k | - | - | - |
| Remuneration, social security and pensions62 | €378 | - | - | - | €212 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €12k | €21k | €27k | €25k | ▼ 7.1% |
| Other operating charges640/8 | €459 | €2k | €1k | €880 | €527 | ▼ 40.0% |
| Gross operating margin9900 | €38k | €44k | €53k | €53k | €53k | ▼ 0.8% |
| Operating profit (loss)9901 | €35k | €30k | €31k | €25k | €26k | ▲ 6.7% |
| Financial income75/76B | €2k | €4k | €63k | €4k | €4k | ▲ 4.7% |
| Recurring financial income75 | €2k | €4k | €4k | €4k | €4k | ▲ 4.7% |
| Non-recurring financial income76B | - | - | €59k | - | - | - |
| Financial charges65/66B | €3k | €4k | €4k | €450 | €204 | ▼ 54.6% |
| Recurring financial charges65 | €3k | €4k | €4k | €450 | €204 | ▼ 54.6% |
| Profit (loss) for the period before taxes9903 | €35k | €29k | €90k | €29k | €31k | ▲ 7.4% |
| Income taxes67/77 | €11k | €9k | €14k | €8k | €9k | ▲ 7.9% |
| Profit (loss) for the period9904 | €24k | €20k | €76k | €20k | €22k | ▲ 7.2% |
| Profit (loss) for the period to be appropriated9905 | €24k | €20k | €76k | €20k | €22k | ▲ 7.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €141k | €193k | €259k | €216k | €232k | ▲ 7.7% |
| Fixed assets21/28 | €23k | €70k | €98k | €71k | €45k | ▼ 35.9% |
| Tangible fixed assets22/27 | €7k | €59k | €98k | €71k | €45k | ▼ 36.0% |
| Plant, machinery and equipment23 | - | €3k | €5k | €3k | €2k | ▼ 51.1% |
| Furniture and vehicles24 | €5k | €54k | €92k | €67k | €44k | ▼ 35.3% |
| Other tangible fixed assets26 | €2k | €1k | €612 | - | - | - |
| Financial fixed assets28 | €16k | €12k | €300 | €300 | €300 | = |
| Current assets29/58 | €119k | €122k | €161k | €145k | €187k | ▲ 29.1% |
| Amounts receivable after more than one year29 | €61k | €64k | €68k | €72k | €77k | ▲ 6.1% |
| Trade receivables290 | €61k | €64k | €68k | €72k | €77k | ▲ 6.1% |
| Amounts receivable within one year40/41 | €11k | €15k | €11k | €11k | €11k | ▲ 2.4% |
| Trade receivables40 | €9k | €12k | €10k | €11k | €11k | ▲ 2.4% |
| Other amounts receivable41 | €2k | €3k | €291 | - | €4 | - |
| Cash at bank and in hand54/58 | €46k | €42k | €81k | €61k | €98k | ▲ 61.0% |
| Deferred charges and accrued income490/1 | €1k | €799 | €483 | €578 | €721 | ▲ 24.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €141k | €193k | €259k | €216k | €232k | ▲ 7.7% |
| Equity10/15 | €75k | €96k | €172k | €192k | €214k | ▲ 11.4% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €57k | €77k | €153k | €173k | €195k | ▲ 12.6% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €55k | €75k | €151k | €172k | €193k | ▲ 12.7% |
| Amounts payable17/49 | €66k | €97k | €87k | €24k | €18k | ▼ 21.8% |
| Amounts payable after more than one year17 | €61k | €83k | €59k | €3k | €0 | ▼ 100% |
| Financial debts170/4 | €61k | €83k | €59k | €3k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €4k | €13k | €28k | €20k | €18k | ▼ 8.2% |
| Current portion of amounts payable after more than one year42 | - | €7k | €8k | €8k | €3k | ▼ 57.8% |
| Trade debts44 | €681 | €812 | €1k | €98 | €2k | ▲ 1,870% |
| Suppliers440/4 | €681 | €812 | €1k | €98 | €2k | ▲ 1,870% |
| Taxes, remuneration and social security45 | €3k | €5k | €13k | €10k | €13k | ▲ 30.6% |
| Taxes450/3 | €3k | €5k | €13k | €10k | €13k | ▲ 30.6% |
| Other amounts payable47/48 | €392 | - | €6k | €2k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €742 | €673 | €870 | €763 | €449 | ▼ 41.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24k | €20k | €76k | €20k | €22k | ▲ 7.2% |
| + Depreciation and write-downs630 | €2k | €12k | €21k | €27k | €25k | ▼ 7.1% |
| Operating cash flow (approximation) | €26k | €33k | €97k | €48k | €47k | ▼ 1.0% |
| Investment in fixed assets (approximation) | - | €-60k | €-49k | €0 | €0 | - |
| Change in cash | - | €-4k | €39k | €-20k | €37k | ▲ 284% |
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
24-09
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €200kEq €214k ▲11.4%
8 profitable years in a row build equity to €214k.
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €76k ▲270%
Net result €76k, the highest in the series.
31-12
Financial
Equity above €150kEq €172k ▲79.1%
6 profitable years in a row build equity to €172k.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 26.39
Current ratio from 10.49 to 26.39.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 10.49
Current ratio from 4.04 to 10.49; short-term debt falls from €9k to €3k.
Show earlier events
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 17 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Tongeren-Borgloon · 1 establishment unit since 2010
Ground area
990 m²
Building footprint
132 m²
Volume, LiDAR
680 m³
Parcel 73093A0025/00R000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Benaetsstraat 2A, 3840 Tongeren-Borgloon
since 20102.187.416.019
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73093A0025/00R000 | Flanders | 990 m² | 1 · 132 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
2 locations
Similar companies · same sector, comparable size
ISHIA
BE 0825.266.003
Heusden-Zolder · Eq €213,740
WC LOC Belgique
BE 0719.405.151
Amay · Eq €213,685
SL & K
BE 0543.760.818
Lummen · Eq €213,885
DIRK MOERMANS
BE 0449.064.369
Herk-de-Stad · Eq €213,888
Brensen
BE 1008.626.388
Oudenburg · Eq €213,901
Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 13,546 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
Founded20-04-2010
Fiscal year end31-12
Abbreviation NL
DAELO
Trade name NL
DAELO
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.