GLAMOROUS PROJECTS
ActiveSummary
The computed 12-month bankruptcy probability of GLAMOROUS PROJECTS is 8.0% (elevated). The 2024 annual accounts show equity of €244,962 and a net result of €20,825, of which €11,118 non-recurring income. Equity has been growing by about 6% per year since 2018. Its solvency ranks better than 14% of 7,409 sector peers (NACE 43, financial year 2024). The company has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 26-04-2006 Normal situation
- Activity
- Other specialised construction activities NACE 43990
- Establishment unit
- 2.159.884.944 2290 Vorselaar, since 26-04-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 30-08-2023
Board and ownership
- Van Ruysevelt FrederikDirector
Financial position
- Bankruptcy probabilitywithin 12 months
- 8.0%
- Gross margin
- €90,491
- ▲ 5.6%
- Turnover
- ≈ €480,000
- estimated
- Profit
- €20,825
- ▲ 46.8%
- Equity
- €244,962
- ▲ 9.3%
- Total assets
- €1.7m
- ▲ 115%
- 2025 accounts not filed, 97 days past the deadline
Score breakdownraises risk1 financial year not filed after the legal deadline; last filed accounts filed 328 days late; 3 of the last 3 accounts late1 change of registered office in 24 monthsFigures for financial year 2024 (filed on 24-06-2026)lowers riskFounded in 2006Show the evidence
Checked score
About 8 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 43, micro). It does better than 17% of them on solvency, 12% on liquidity, 38% on profitability and 54% on growth.
The bankruptcy probability was computed on 04-11-2026 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 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% 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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 106 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, abbreviated format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 5 November 2026.
Annual accounts 2024 filed on 24-06-2026 PDF all 18 filings
Every figure per financial year
The operating result for 2024 is 40% higher than in 2023 and the highest since 2018. It is the second rise in a row, after the fall in 2022.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €79,964 | €207,792 | €120,960 | €52,773 |
| Financial fixed assets | - | €270 | €4,750 | €135 |
| Depreciation and write-downs of the year | €21,207 | €39,340 | €49,255 | €42,359 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €15,146 | €37,904 | €32,432 | €11,118 | ▼ 65.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,820 | €20,512 | €20,480 | €21,207 | €39,340 | €49,255 | €42,359 | ▼ 14.0% |
| Other operating charges640/8 | - | - | - | €5,738 | €3,957 | €3,525 | €3,990 | ▲ 13.2% |
| Non-recurring operating charges66A | - | - | - | - | - | €1,395 | - | - |
| Gross operating margin9900 | €44,169 | €32,636 | €48,132 | €42,744 | €57,474 | €85,723 | €90,491 | ▲ 5.6% |
| Operating profit (loss)9901 | €14,172 | €9,594 | €20,820 | €15,799 | €14,177 | €31,549 | €44,143 | ▲ 39.9% |
| Financial income75/76B | - | - | - | €3,141 | €3,376 | €527 | €963 | ▲ 82.8% |
| Recurring financial income75 | €2,392 | €3,190 | €4,476 | €3,141 | €3,376 | €527 | €963 | ▲ 82.8% |
| Financial charges65/66B | - | - | - | €5,376 | €4,959 | €12,581 | €14,281 | ▲ 13.5% |
| Recurring financial charges65 | €4,884 | €4,940 | €5,154 | €5,376 | €4,959 | €12,581 | €8,622 | ▼ 31.5% |
| Non-recurring financial charges66B | - | - | - | - | - | - | €5,659 | - |
| Profit (loss) for the period before taxes9903 | €11,680 | €7,844 | €20,142 | €13,564 | €12,593 | €19,494 | €30,825 | ▲ 58.1% |
| Income taxes67/77 | €3,275 | €6,200 | €7,263 | €1,843 | €1,167 | €5,310 | €10,000 | ▲ 88.3% |
| Profit (loss) for the period9904 | €8,405 | €1,644 | €12,880 | €11,721 | €11,426 | €14,184 | €20,825 | ▲ 46.8% |
| Profit (loss) for the period to be appropriated9905 | €8,405 | €1,644 | €12,880 | €11,721 | €11,426 | €14,184 | €20,825 | ▲ 46.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.5m | €0.3m | €0.5m | €0.6m | €0.6m | €0.8m | €1.7m | ▲ 115% |
| Fixed assets21/28 | €0.1m | €0.09m | €0.1m | €0.1m | €0.3m | €0.2m | €0.2m | ▼ 16.9% |
| Intangible fixed assets21 | €0.002m | €0.001m | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.1m | €0.09m | €0.1m | €0.1m | €0.3m | €0.2m | €0.2m | ▼ 17.3% |
| Land and buildings22 | - | - | - | €0.05m | €0.04m | €0.03m | €0.07m | ▲ 110% |
| Plant, machinery and equipment23 | - | - | - | €0.07m | €0.07m | €0.06m | €0.06m | ▼ 10.4% |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.2m | €0.1m | €0.06m | ▼ 53.9% |
| Other tangible fixed assets26 | - | - | - | €0.001m | - | - | - | - |
| Assets under construction and advance payments27 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Financial fixed assets28 | €405 | €270 | €270 | €270 | €0.001m | €0.005m | €0.005m | ▲ 2.6% |
| Current assets29/58 | €0.4m | €0.2m | €0.4m | €0.4m | €0.3m | €0.6m | €1.5m | ▲ 171% |
| Stocks and contracts in progress3 | €0.003m | - | - | - | - | - | €0.9m | - |
| Stocks30/36 | - | - | - | - | - | - | €0.9m | - |
| Amounts receivable within one year40/41 | €0.4m | €0.2m | €0.3m | €0.4m | €0.3m | €0.4m | €0.6m | ▲ 34.4% |
| Trade receivables40 | - | - | - | €0.3m | €0.3m | €0.4m | €0.6m | ▲ 34.5% |
| Other amounts receivable41 | - | - | - | €0.05m | €0.03m | €0.004m | €0.006m | ▲ 24.7% |
| Cash at bank and in hand54/58 | €0.01m | €0.01m | €0.04m | €0.01m | €0.01m | €0.1m | €0.04m | ▼ 59.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.01m | €0.009m | €0.01m | ▲ 63.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.5m | €0.3m | €0.5m | €0.6m | €0.6m | €0.8m | €1.7m | ▲ 115% |
| Equity10/15 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 9.3% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 10.3% |
| Distributable reserves133 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 10.3% |
| Profit (loss) carried forward14 | - | €0.002m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | ▲ 0.9% |
| Amounts payable17/49 | €0.3m | €0.1m | €0.3m | €0.4m | €0.4m | €0.6m | €1.5m | ▲ 156% |
| Amounts payable after more than one year17 | €0.08m | €0.05m | €0.09m | €0.1m | €0.08m | €0.1m | €0.4m | ▲ 259% |
| Financial debts170/4 | - | - | - | €0.1m | €0.08m | €0.1m | €0.4m | ▲ 259% |
| Amounts payable within one year42/48 | €0.3m | €0.09m | €0.2m | €0.3m | €0.3m | €0.4m | €1.0m | ▲ 131% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.03m | €0.03m | €0.05m | €0.05m | ▲ 4.7% |
| Financial debts43 | - | - | - | €0.01m | €0.009m | - | - | - |
| Credit institutions430/8 | - | - | - | €0.01m | €0.009m | - | - | - |
| Trade debts44 | €0.2m | €0.01m | €0.03m | €0.04m | €0.06m | €0.03m | €0.05m | ▲ 85.5% |
| Suppliers440/4 | - | - | - | €0.04m | €0.06m | €0.03m | €0.05m | ▲ 85.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | - | - | €0.004m | - |
| Taxes450/3 | - | - | - | €0.02m | - | - | €0.004m | - |
| Other amounts payable47/48 | - | - | - | €0.1m | €0.2m | €0.4m | €0.9m | ▲ 152% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €0.005m | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,405 | €1,644 | €12,880 | €11,721 | €11,426 | €14,184 | €20,825 | ▲ 46.8% |
| + Depreciation and write-downs630 | €21,820 | €20,512 | €20,480 | €21,207 | €39,340 | €49,255 | €42,359 | ▼ 14.0% |
| Operating cash flow (approximation) | €30,225 | €22,156 | €33,360 | €32,929 | €50,767 | €63,439 | €63,183 | ▼ 0.4% |
| Investment in fixed assets (approximation) | - | -€506 | -€63,798 | -€39,325 | -€180,808 | €1,562 | -€2,042 | - |
| Change in cash | - | -€4,038 | €31,808 | -€28,785 | -€374 | €89,115 | -€60,470 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 4,685 companies had the same profile as GLAMOROUS PROJECTS has now. Two years later, 96.9% were still going and 1.1% had gone bankrupt.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
The bankruptcy probability of GLAMOROUS PROJECTS itself is higher: 8.0% within 12 months. It rests on far more data about GLAMOROUS PROJECTS than the profile alone.
Test of the method
The method was tested on the 497,446 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 4,685 companies, not a prediction for GLAMOROUS 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.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | abbreviated format | 24-06-2026 | 2026-00193114 | |
| 31-12-2023 | abbreviated format | 30-09-2024 | 2024-00491663 | |
| 31-12-2022 | micro format | 31-10-2023 | 2023-00498418 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20409312 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-63300088 | |
| 31-12-2019 | micro format | 30-10-2020 | 2020-66600062 | |
| 31-12-2018 | abbreviated format | 10-10-2019 | 2019-69700085 | |
| 31-12-2017 | abbreviated format | 23-08-2018 | 2018-48600289 | |
| 31-12-2016 | abbreviated format | 25-08-2017 | 2017-47800079 | |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-53600205 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
- Sourceown accounts 2024Equity €7,501 Profit of €3,099 in 2025 (profit of €6,402 in 2024) Checked score 5395%
Holdings through the years 2023 to 2024
| Name | 2023 | 2024 |
|---|---|---|
| ECO-GROEP - CREPICLEAN - ECOCLEAN - ECO-PANEL | 95% | |
Source: list of holdings in its own accounts
Board mandates elsewhere
1 board mandateConnections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Timeline
Deeds, filings and financial milestones
24-02
Gazette deed
Registered office moved from Buggenhout to VorselaarNew registered office: Vispluk 163, 2290 Vorselaar · Previous registered office: Kasteelstraat 158, 9255 Buggenhout2 points ▸
- Board meeting, 15-01-2025
- Registered-office move, Vispluk 163, 2290 Vorselaar
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Kasteelstraat 158, 9255 Buggenhout until 15-01-2025 · deed of 24-02-2025
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing 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. Use the enterprise number 0880.943.508
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13044C0173/00E000 | Flanders | 4,151 m² | 1 · 340 m² | 12.9 m · 2 |