GLAMS
ActiveSummary
The computed 12-month bankruptcy probability of GLAMS is 4.0% (elevated). The 2025 annual accounts show equity of €7k and a net result of €-7k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 28% of 18400 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability9▼-53
Solvency33▼-7
Growth43▲+3
Track record94
Bankruptcy probability, 12 months
4.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.01 against 1.06 in 2024; short-term debt: 92.1% and cash: 10.3% of total assets), and 92.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
7.9%
Return on assets
-7.7%
Age of the figures
14 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-07-2025 was due by 28-02-2026 and was filed on 27-02-2026, 1 day ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
2 d early
2022
4 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-07-2026 and is due by 28-02-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-07-2026 close25-09-2026 today28-02-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€99k▲ 3.7%
2024 · €95k
2022: €107k
2023: €112k▲ +5.2% vs 2022highest in 4 years
2024: €95k▼ -15.3% vs 2023lowest in 4 years
2025: €99k▲ +3.7% vs 2024
2022 → 2025
EBIT margin
-6.1%▼ 8.9pp
2024 · 2.8%
2022: 1.7%
2023: 6.8%▲ +298% vs 2022highest in 4 years
2024: 2.8%▼ -58.4% vs 2023
2025: -6.1%▼ -315% vs 2024lowest in 4 years
2022 → 2025
Net result
€-7k
2024 · €1k
2022: €2k
2023: €7k▲ +333% vs 2022highest in 4 years
2024: €1k▼ -82.0% vs 2023
2025: €-7k▼ -600% vs 2024lowest in 4 years
2022 → 2025
Working capital
€1k▼ 74.1%
2024 · €4k
2022: €-706lowest in 4 years
2023: €-338▲ +52.1% vs 2022
2024: €4k▲ +1408% vs 2023highest in 4 years
2025: €1k▼ -74.1% vs 2024
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Turnover€107k-€112k▲ 5.2%€95k▼ 15.3%€99k▲ 3.7%
2022: €107k
2023: €112k▲ +5.2% vs 2022highest in 4 years
2024: €95k▼ -15.3% vs 2023lowest in 4 years
2025: €99k▲ +3.7% vs 2024
Equity€5k-€12k▲ 158%€13k▲ 11.0%€7k▼ 49.6%
2022: €5klowest in 4 years
2023: €12k▲ +158% vs 2022
2024: €13k▲ +11.0% vs 2023highest in 4 years
2025: €7k▼ -49.6% vs 2024
Operating result€2k-€8k▲ 319%€3k▼ 64.7%€-6k
2022: €2k
2023: €8k▲ +319% vs 2022highest in 4 years
2024: €3k▼ -64.7% vs 2023
2025: €-6k▼ -323% vs 2024lowest in 4 years
Net result€2k-€7k▲ 333%€1k▼ 82.0%€-7k
2022: €2k
2023: €7k▲ +333% vs 2022highest in 4 years
2024: €1k▼ -82.0% vs 2023
2025: €-7k▼ -600% vs 2024lowest in 4 years
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €6k after €3k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €86k
Fixed assets
€6k ▼ 37.7%
Current assets
€81k ▲ 2.8%
Equity and liabilities €86k
Equity
€7k ▼ 49.6%
Debt
€80k ▲ 7.4%
Debt's share of the balance-sheet total rises from 84.6% to 92.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-3k▼
2024 · €6k
Cash flow
€-3k▼
2024 · €5k
Current ratio
1.01▼
2024 · 1.06
Quick ratio
0.11▲
2024 · 0.11
Debt to equity
11.71▲
2024 · 5.49
ROE
-98.4%▼
2024 · 9.9%
ROA
-7.7%▼
2024 · 1.5%
Interest coverage
-34.45▼
2024 · 89.62
Debt ≤ 1 year
€80k▲
2024 · €74k
Income taxes
€651▼
2024 · €1k
Staff costs
€2k▲
2024 · €463
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 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€88k€86k▼
Fixed assets21/28€9k€6k▼
Tangible fixed assets22/27€9k€6k▼
Plant, machinery and equipment23€9k€6k▼
Furniture and vehicles24€62€25▼
Current assets29/58€79k€81k▲
Stocks and contracts in progress3€71k€72k▲
Stocks30/36€71k€72k▲
Amounts receivable within one year40/41€1k-
Trade receivables40€1k-
Cash at bank and in hand54/58€7k€9k▲
Equity and liabilities
Total equity and liabilities10/49€88k€86k▼
Equity10/15€13k€7k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€10k€4k▼
Amounts payable17/49€74k€80k▲
Amounts payable within one year42/48€74k€80k▲
Trade debts44-€435
Suppliers440/4-€435
Taxes, remuneration and social security45€396€895▲
Taxes450/3€388€793▲
Remuneration and social security454/9€8€102▲
Other amounts payable47/48€74k€78k▲
Income statement
Code20242025
Turnover70€95k€99k▲
Goods, raw materials, services and sundry goods60/61€94k€100k▲
Remuneration, social security and pensions62€463€2k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k=
Other operating charges640/8€861€1k▲
Gross operating margin9900€7k€150▼
Operating profit (loss)9901€3k€-6k▼
Financial charges65/66B€68€74▲
Recurring financial charges65€68€74▲
Profit (loss) for the period before taxes9903€3k€-6k▼
Income taxes67/77€1k€651▼
Profit (loss) for the period9904€1k€-7k▼
Profit (loss) for the period to be appropriated9905€1k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€4k▼
Profit (loss) brought forward from the previous period14P€9k€10k▲
Social balance
Average headcount (FTE)90870.1-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | €107k | €112k | €95k | €99k | ▲ 3.7% |
| Goods, raw materials, services and sundry goods60/61 | €144k | €112k | €94k | €100k | ▲ 5.9% |
| Remuneration, social security and pensions62 | €7k | - | €463 | €2k | ▲ 267% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €3k | €3k | €3k | = |
| Other operating charges640/8 | €4k | €2k | €861 | €1k | ▲ 16.3% |
| Gross operating margin9900 | €14k | €12k | €7k | €150 | ▼ 98.0% |
| Operating profit (loss)9901 | €2k | €8k | €3k | €-6k | ▼ 323% |
| Financial income75/76B | - | €73 | - | - | - |
| Recurring financial income75 | - | €73 | - | - | - |
| Financial charges65/66B | €89 | €161 | €68 | €74 | ▲ 8.8% |
| Recurring financial charges65 | €89 | €134 | €68 | €74 | ▲ 8.8% |
| Non-recurring financial charges66B | - | €27 | - | - | - |
| Profit (loss) for the period before taxes9903 | €2k | €7k | €3k | €-6k | ▼ 332% |
| Income taxes67/77 | - | €49 | €1k | €651 | ▼ 48.6% |
| Profit (loss) for the period9904 | €2k | €7k | €1k | €-7k | ▼ 600% |
| Profit (loss) for the period to be appropriated9905 | €2k | €7k | €1k | €-7k | ▼ 600% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €62k | €83k | €88k | €86k | ▼ 1.4% |
| Fixed assets21/28 | €5k | €12k | €9k | €6k | ▼ 37.7% |
| Tangible fixed assets22/27 | €5k | €12k | €9k | €6k | ▼ 37.7% |
| Plant, machinery and equipment23 | €5k | €12k | €9k | €6k | ▼ 37.5% |
| Furniture and vehicles24 | €135 | €99 | €62 | €25 | ▼ 59.7% |
| Current assets29/58 | €57k | €71k | €79k | €81k | ▲ 2.8% |
| Stocks and contracts in progress3 | €52k | €64k | €71k | €72k | ▲ 1.8% |
| Stocks30/36 | €52k | €64k | €71k | €72k | ▲ 1.8% |
| Amounts receivable within one year40/41 | - | - | €1k | - | - |
| Trade receivables40 | - | - | €1k | - | - |
| Cash at bank and in hand54/58 | €5k | €7k | €7k | €9k | ▲ 36.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €62k | €83k | €88k | €86k | ▼ 1.4% |
| Equity10/15 | €5k | €12k | €13k | €7k | ▼ 49.6% |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €2k | €9k | €10k | €4k | ▼ 63.8% |
| Amounts payable17/49 | €58k | €71k | €74k | €80k | ▲ 7.4% |
| Amounts payable within one year42/48 | €58k | €71k | €74k | €80k | ▲ 7.4% |
| Trade debts44 | €1k | €6k | - | €435 | - |
| Suppliers440/4 | €1k | €6k | - | €435 | - |
| Taxes, remuneration and social security45 | €16k | €22k | €396 | €895 | ▲ 126% |
| Taxes450/3 | €16k | €22k | €388 | €793 | ▲ 104% |
| Remuneration and social security454/9 | €3 | - | €8 | €102 | ▲ 1,175% |
| Other amounts payable47/48 | €40k | €43k | €74k | €78k | ▲ 6.2% |
| Accrued charges and deferred income492/3 | - | €1 | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €7k | €1k | €-7k | ▼ 600% |
| + Depreciation and write-downs630 | €2k | €3k | €3k | €3k | = |
| Operating cash flow (approximation) | €4k | €10k | €5k | €-3k | ▼ 169% |
| Investment in fixed assets (approximation) | - | €-10k | €0 | €0 | - |
| Change in cash | - | €2k | €-152 | €2k | ▲ 1,677% |
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
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series.
27-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
27-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-07
Financial
Highest result since 2022net €7k ▲333%
Operating result €8k, net result €7k, both a record.
24-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not 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
1 act for this company is 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, Sint-Jans-Molenbeek · 1 establishment unit since 2021
Ground area
113 m²
Building footprint
118 m²
Volume, LiDAR
796 m³
Parcel 21522B0109/00T000, Brussels · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Gentsesteenweg 119, 1080 Sint-Jans-Molenbeek
since 20212.313.209.676
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21522B0109/00T000 | Brussels | 113 m² | 1 · 118 m² | 11.1 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.
Similar companies · same sector, comparable size
CDH STUDIO
BE 0762.944.392
Antwerpen · Eq €6,779
CHRIS AND CO
BE 0863.298.416
Oupeye · Eq €6,750
D&A UNO
BE 0807.991.192
Ukkel · Eq €6,915
MIMATE
BE 0690.701.465
Boortmeerbeek · Eq €6,937
BELHABIT
BE 0899.181.387
Mouscron · Eq €6,549
Of 2,213 companies in sector 47711 we hold annual accounts for 889. 416 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
Founded09-02-2021
Fiscal year end31-07
Activities, NACEBEL 2025
47711Retail sale of women's outerwear
47712Retail trade
47713Retail trade
47714Retail trade
47715Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Scores and ratios are computed by Checked and are not a credit decision.