Glaede

Active

Private limited companyfounded 20215 yrs activePrins Boudewijnlaan 339, 2610 Antwerpen, BelgiumKBO/BCE: BE 0765.966.537

Summary

The annual accounts of Glaede for fiscal year 2025 show a net loss of 62% of the equity at the start of that year. The 2025 annual accounts show equity of €4,256 and a net result of -€7,063. Equity is growing by ~9.6% per year across the filed fiscal years. Its solvency ranks better than 10% of 11604 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisWatch Report Compare

GlaedeActiveChecked score 53/100

Risk analysis Report Compare

Activity

Activities of interior architects

NACE 71112

1 site

Size

€236,582total assets 2025

Staff: 0.7 FTE
Equity: €4,256
Loss: -€7,063

Turnover not published (abridged schema)

Financial health

53 Fair Checked score 2025

Bankruptcy chance 12 m: 0.3%

Structure

Accounts filed 19 d late2 of 8 deeds read

Why 53Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- 1 change of registered office in 24 months- Equity €4,256 (1.8% of total assets)+ Sector Architectural and engineering activities; technical testing and analysis (NACE 71)+ Liquidity: current ratio 2.27, cash €56,615Show the evidence

Checked score

Score 2025

53 / 100

Fair

Probability in this band: 1.5% to 4.2%

Better than 20% of its sector peers (NACE 71, micro)

Performance against the sector, not lower risk

A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.

Financial strength · tick = 2024

Weak

Solvency 27-16

equity 1.8% of total assets

Liquidity 61+8

short-term debt 41.0% · cash 23.9%

Profitability 24-48

return on assets -3.0%

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (14,788 companies)

Last 24 months 11-2024: 1.6% 12-2024: 1.2%▼ -24.6% vs 11-2024 01-2025: 1.2%▼ -1.3% vs 12-2024 02-2025: 1.2%● 0.0% vs 01-2025 03-2025: 1.2%● 0.0% vs 02-2025 04-2025: 1.2%▲ +3.3% vs 03-2025 05-2025: 0.8%▼ -35.4% vs 04-2025 06-2025: 0.8%▲ +4.0% vs 05-2025 07-2025: 1.1%▲ +38.3% vs 06-2025 08-2025: 1.2%▲ +2.7% vs 07-2025 09-2025: 1.2%● 0.0% vs 08-2025 10-2025: 1.2%● 0.0% vs 09-2025 11-2025: 1.2%● 0.0% vs 10-2025 12-2025: 1.2%● 0.0% vs 11-2025 01-2026: 1.2%▼ -1.3% vs 12-2025 02-2026: 1.2%● 0.0% vs 01-2026 03-2026: 1.2%▲ +4.0% vs 02-2026 04-2026: 1.3%▲ +8.3% vs 03-2026 05-2026: 1.4%▲ +5.9% vs 04-2026 06-2026: 1.4%▲ +3.2% vs 05-2026 07-2026: 1.5%▲ +4.5% vs 06-2026 08-2026: 2.2%▲ +47.0% vs 07-2026highest value 09-2026: 0.3%▼ -86.0% vs 08-2026lowest value 10-2026: 0.3%▲ +2.9% vs 09-2026

Sector Architectural and engineering activities; technical testing and analysis (NACE 71) lowers the probability
1 change of registered office in 24 months raises the probability
Liquidity: current ratio 2.27, cash €56,615 lowers the probability
Equity €4,256 (1.8% of total assets) raises the probability

No publishable credit limit; credit only on tighter terms

Net loss of at least half of total assets or of the equity at the start of the financial year.

Liquidity ample (current ratio 2.27 against 1.97 in 2024; short-term debt: 41% and cash: 23.9% of total assets), but 98.2% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 71, micro). Better than this share of them on solvency 10%, liquidity 47%, profitability 14%, growth against the median 8%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

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Signals

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

−lowers risk+raises risk○neutral

Sector Architectural and engineering activities; technical testing and analysis (NACE 71)

In the bankruptcy model this factor lowers the probability.

KBO

1 change of registered office in 24 months

In the bankruptcy model this factor raises the probability.

Belgian State Gazette

Liquidity: current ratio 2.27, cash €56,615

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

Equity €4,256 (1.8% of total assets)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 11604 sector peers (2025).

NBB · sector comparison

Position among 11604 sector peers

Solvency

better than 10%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 4 filings

Deviation from the deadline

2025

19 d late

2024

34 d early

2023

49 d early

2022

8 d late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% of the sector filed late.

Checked, nothing found (2)

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. Usually files around 18 July (3 of the last 4 filed years within 32 days of that day).

Companies Code · seven months

Position in the running window

05-10-2026 today31-12-2026 close31-07-2027 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

19-08-26 Annual accounts filedfiscal year 2025 · micro…
24-07-26 Resignation: STEFANIE SOETENS (non-statutory director)State Gazette act
24-06-26 General meeting · Registered-office moveState Gazette act

Key points

Caution: Among the weakest 10% on solvencysector median 54.2% · 11,604 companies 1.8% View
A director leftlatest change 25-06-2026 · 0 in office 1 left View
Total assets 20254 fiscal years filed €236,582 View