GLAIN PROJECTS
ActiveFrom the official registers: KBO 4 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
GLAIN PROJECTS has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12,173 and a net result of -€2,231. Equity is shrinking by about 20% per year across the filed financial years. Its solvency ranks better than 93% of 11,221 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Official details
KBO- Status
- Active since 02-09-2021 Normal situation
- Legal form
- Private limited company
- Registered office
- Het Dorlik 16, 3500 Hasselt
- Activity
- Development of residential building projects NACE 68121and 1 other
- Establishment unit
- 2.322.918.386 3500 Hasselt, since 02-09-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 09-09-2025
Who decides
- JEHOUL ErikDirector · since 02-09-2021
- I&P CONSULTING bvDirector · since 10-12-2024
- S.I.M.C. nvDirector · since 10-12-2024
- SOM BEHEERSMAATSCHAPPIJ bvDirector · since 10-12-2024
- BOONEN PeterDirector · since 10-12-2024
How it is doing
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- -€219
- ▲ 72.9%
- Loss
- €2,231
- ▼ 47.4%
- Equity
- €12,173
- ▼ 15.5%
- Total assets
- €13,067
- ▼ 13.0%
Why 91raises risk1 of the last 3 latelowers riskSector: Real estate activities (NACE 68)Liquidity: current ratio 281.98, cash €3,193, halvedEquity €12,173 (93.2% 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 68, micro): better than 91% on solvency, 86% on liquidity, 4% on profitability and 24% on growth.
The bankruptcy probability was computed on 31-10-2026 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 4 accounts on average 27 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, abbreviated format
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 29-06-2026
- Format
- abbreviated format
- Reference
- 2026-00228661
2022 to 2025, 4 financial years
The operating result stays negative: a loss of €681 in 2025 against €1,429 in 2024; the loss shrinks.
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.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: 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, Return on assets (ROA).
Peer companies
Historical observationOf the 3,591 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 87.4% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 3,591 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €2,322 | €1,146 | - | - | - |
| Other operating charges640/8 | €62 | €62 | €619 | €462 | ▼ 25.4% |
| Gross operating margin9900 | -€2,322 | -€1,146 | -€810 | -€219 | ▲ 72.9% |
| Operating profit (loss)9901 | -€2,384 | -€1,208 | -€1,429 | -€681 | ▲ 52.3% |
| Financial income75/76B | - | €126 | €175 | €150 | ▼ 14.5% |
| Recurring financial income75 | - | €126 | €175 | €150 | ▼ 14.5% |
| Financial charges65/66B | €4,116 | €3,770 | €2,991 | €1,700 | ▼ 43.2% |
| Recurring financial charges65 | €4,116 | €3,770 | €2,991 | €1,700 | ▼ 43.2% |
| Profit (loss) for the period before taxes9903 | -€6,500 | -€4,852 | -€4,245 | -€2,231 | ▲ 47.4% |
| Profit (loss) for the period9904 | -€6,500 | -€4,852 | -€4,245 | -€2,231 | ▲ 47.4% |
| Profit (loss) for the period to be appropriated9905 | -€6,500 | -€4,852 | -€4,245 | -€2,231 | ▲ 47.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €24,379 | €19,634 | €15,013 | €13,067 | ▼ 13.0% |
| Current assets29/58 | €24,379 | €19,634 | €15,013 | €13,067 | ▼ 13.0% |
| Amounts receivable after more than one year29 | - | - | - | €5,450 | - |
| Other amounts receivable291 | - | - | - | €5,450 | - |
| Stocks and contracts in progress3 | - | - | €525 | €3,650 | ▲ 595% |
| Stocks30/36 | - | - | €525 | €3,650 | ▲ 595% |
| Amounts receivable within one year40/41 | €243 | €5,469 | €5,846 | €773 | ▼ 86.8% |
| Other amounts receivable41 | €243 | €5,469 | €5,846 | €773 | ▼ 86.8% |
| Cash at bank and in hand54/58 | €24,137 | €14,165 | €8,642 | €3,193 | ▼ 63.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €24,379 | €19,634 | €15,013 | €13,067 | ▼ 13.0% |
| Equity10/15 | €23,500 | €18,648 | €14,403 | €12,173 | ▼ 15.5% |
| Contributions10/11 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Profit (loss) carried forward14 | -€6,500 | -€11,352 | -€15,597 | -€17,827 | ▼ 14.3% |
| Amounts payable17/49 | €879 | €986 | €609 | €894 | ▲ 46.8% |
| Amounts payable within one year42/48 | - | €62 | €609 | €46 | ▼ 92.4% |
| Trade debts44 | - | €62 | €609 | €46 | ▼ 92.4% |
| Suppliers440/4 | - | €62 | €609 | €46 | ▼ 92.4% |
| Accrued charges and deferred income492/3 | €879 | €924 | - | €848 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,500 | -€4,852 | -€4,245 | -€2,231 | ▲ 47.4% |
| Operating cash flow (approximation) | -€6,500 | -€4,852 | -€4,245 | -€2,231 | ▲ 47.4% |
| Change in cash | - | -€9,971 | -€5,524 | -€5,449 | ▲ 1.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (4)
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
Mandate history
- Board
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| JEHOUL Erik |
|
| I&P CONSULTING bv |
|
| S.I.M.C. nv |
|
| SOM BEHEERSMAATSCHAPPIJ bv |
|
| BOONEN Peter |
|
| SOMERS Danny |
|
| LENAERS Ghislain |
|
Owners and capital
Owners
2 ownersChain of control
- JeBo Invest
- GLAIN PROJECTS
Owners 2
-
66.66%
-
33.33%
Group and network
Connections & network
5 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
02-04
Gazette deed
Resignation: LENAERS Ghislain (director)Director discharge5 facts ▸
- General meeting, 31-01-2023
- Director resignation, LENAERS Ghislain (director)
- Director discharge, LENAERS Ghislain (director)
- Director in office, SOMERS Danny (director)
- Director in office, BOONEN Peter (director)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0773.462.855
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71328D0534/00Z000 | Flanders | 2,407 m² | 1 · 1,027 m² | - |