Losses
-€17,827 in four years
Every financial year from 2022 to 2025 closed with a loss. 2022 was the heaviest.
GLAIN PROJECTS
Lifetime
4 annual accounts with figures on one time axispeak -€219 (2025)
-€219▲ €591
lowest -€6,500 (2022)
-€2,231▲ €2,014
peak €23,500 (2022)
€12,173▼ 15.5%
€894▲ 46.8%
Board7 names since 2021
5 directorsJEHOUL Erik and 4 others
Owners4 names in the annual accounts
66.66%JeBo Invest and 1 other
Documentsfilings and deeds
29-06-202632 days before the deadline
2025abbreviated format
Gross margin from -€810 to -€219Loss of €2,231Resignation: LENAERS Ghislain (director) 02-04Equity from €14,403 to €12,173Debts from €609 to €894Cash from €8,642 to €3,193
Key points
from the 2025 annual accountsAt the same address
31 companies
Position in the sector
93.2%
Higher solvency than 92% of companies in real estate. Sector median 30.7% · 11,299 companies.
Turnover not published (abbreviated format)
Checked score
91
Excellent
Financially stronger than 51% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.0%
01-2025: 1.0%● unchanged vs 12-2024
02-2025: 1.1%▲ +0.1 percentage points vs 01-2025
03-2025: 1.1%● unchanged vs 02-2025
04-2025: 1.1%● unchanged vs 03-2025highest value
05-2025: 1.1%● unchanged vs 04-2025
06-2025: 1.0%▼ -0.1 percentage points vs 05-2025
07-2025: 1.0%● unchanged vs 06-2025
08-2025: 0.1%▼ -0.9 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025lowest value
10-2025: 0.1%● unchanged vs 09-2025lowest value
11-2025: 0.1%● unchanged vs 10-2025lowest value
12-2025: 0.1%● unchanged vs 11-2025lowest value
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.2%▲ +0.1 percentage points vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 of the last 3 accounts late
lowers risk
Sector: Real estate activities (NACE 68)
Liquidity: current ratio 281.98, cash €3,193, halved
Equity €12,173 (93.2% of total assets)
Calculation
The band follows from the bankruptcy probability. 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 68, micro). It does better than 91% of them on solvency, 86% on liquidity, 4% on profitability and 24% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,591 companies had the same profile as GLAIN PROJECTS has now. Each dot stands for 9 companies, two years later.
87.3%
were still trading
9.4%
stopped another way
3.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of GLAIN PROJECTS itself is lower: 0.2% within 12 months. It rests on far more data about GLAIN PROJECTS than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,591 companies, not a prediction for GLAIN PROJECTS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,000 on 30-day terms is acceptable
Short-term debt is 0.4% and cash 24.4% of total assets. 6.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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
22232425
2022 to 2025 · latest year -€2,231
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 · 4 filingsDeviation from the deadline
2025
32 days early
2024
20 days early
2023
181 days late
2022
20 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 27 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 11 July (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
IC
I&P CONSULTING bv
Director, since 10-12-2024
SI
S.I.M.C. nv
Director, since 10-12-2024
- JeBo Invest 66.66%score 93equity €1.5m (2025) · annual accounts 2025
- SOM BEHEERSMAATSCHAPPIJ 33.33%score 91equity €7.5m (2025) · annual accounts 2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0773462855
Resignation: LENAERS Ghislain (director)
Director discharge: LENAERS Ghislain · General meeting of 31-01-2023 · Gazette deed
Incorporation
Founding capital of €30,000, 300 shares · Founders: JeBo Invest, SOM PROJECT and Group GL · Appointments: SOMERS Danny Ceciel Gustaaf, JEHOUL Erik, BOONEN Peter and LENAERS Ghislain · published on 06-09-2021 · Gazette deed
First establishment
Het Dorlik 16, Hasselt
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GLAIN PROJECTS Hasselt | €13,067 | -€219 | 93.2% | - |
| Weerts Logistic Park XXXIV Tongeren-Borgloon | €12,395 | -€13,762 | -7.9% | - |
| M&C CONSTRUCT Herk-de-Stad | €14,617 | -€13,452 | -291.2% | - |
| VT Building Anzegem | €12,385 | -€1,258 | 99.0% | - |
| A&S IMMO Sint-Gillis (bij-Brussel) | €11,206 | -€1,628 | -105.9% | - |
| DBB IMMO Geraardsbergen | €12,734 | €73 | 40.5% | - |
| CERFMEN Herve | €10,347 | -€16,139 | -170.1% | - |
These companies have the same main activity as GLAIN PROJECTS: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €10,300 and €14,600, founded between 2020 and 2022.
Official details
Source: KBO- Status
- Active since 02-09-2021Normal situation
- Registered office
- 32 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Development of residential building projectsNACE 68121and 1 other
- Establishment unit
- 2.322.918.3863500 Hasselt, since 02-09-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 09-09-2025
Annual accounts 2025
- €13,067▼ 13.0%
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on GLAIN PROJECTS
GLAIN PROJECTS files the abbreviated format. That format states no turnover. The gross margin rose from -€2,322 in 2022 to -€219 in 2025.
JeBo Invest holds 66.66% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GLAIN PROJECTS
- What is the company number of GLAIN PROJECTS?
- The company number of GLAIN PROJECTS is 0773.462.855. The VAT number is the same number with BE in front: BE 0773.462.855.
- Where is GLAIN PROJECTS based?
- The registered office is at Het Dorlik 16, 3500 Hasselt.Company details
- What does GLAIN PROJECTS do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of GLAIN PROJECTS?
- GLAIN PROJECTS is a private limited company (BV).
- When was GLAIN PROJECTS founded?
- GLAIN PROJECTS was founded on 02-09-2021.
- Is GLAIN PROJECTS still active?
- Yes, GLAIN PROJECTS is an active enterprise in the KBO register.
- What is the turnover of GLAIN PROJECTS?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.Financials
- Is GLAIN PROJECTS profitable?
- In financial year 2025, GLAIN PROJECTS made a loss of €2,231.
- Where can I find the annual accounts of GLAIN PROJECTS?
- GLAIN PROJECTS filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GLAIN PROJECTS due?
- GLAIN PROJECTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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