GLAMU
ActiveThe computed 12-month bankruptcy probability of GLAMU is 1.9% (moderate). The 2025 annual accounts show equity of €47k and a net result of €3k. Equity is growing by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 30% of 27619 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability53▲+3
Solvency54▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 2.8 against 2.38 in 2024; short-term debt: 17.6% and cash: 0% of total assets), but 71.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
28.6%
Return on assets
1.8%
Age of the figures
9 mo
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 08-07-2026, 23 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
23 d early
2024
14 d early
2023
15 d early
2022
on the day
2021
19 d late
2020
12 d late
← before the deadline
after the deadline →
neutral · 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.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€47k▲ 6.7%
2024 · €44k
2020: €24k
2021: €38k
2022: €43k
2023: €40k
2024: €44k
2020 → 2025
Total assets
€165k▼ 8.1%
2024 · €179k
2020: €120k
2021: €158k
2022: €165k
2023: €182k
2024: €179k
2020 → 2025
Net result
€3k▼ 32.8%
2024 · €4k
2020: €19k
2021: €14k
2022: €5k
2023: €-3k
2024: €4k
2020 → 2025
Working capital
€52k▲ 7.4%
2024 · €49k
2020: €27k
2021: €38k
2022: €39k
2023: €43k
2024: €49k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€38k-€43k▲ 14.4%€40k▼ 7.7%€44k▲ 11.1%€47k▲ 6.7%
Operating result€16k-€7k▼ 57.2%€-390€7k€5k▼ 29.0%
Net result€14k-€5k▼ 60.0%€-3k€4k€3k▼ 32.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 29% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €165k
Fixed assets
€84k▼ 12.5%
Current assets
€81k▼ 3.0%
Equity and liabilities €165k
Equity
€47k▲ 6.7%
Debt
€118k▼ 12.9%
The debt ratio falls from 75.4% to 71.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€17k▼
2024 · €19k
Cash flow
€15k▼
2024 · €17k
Solvency
28.6%▲
2024 · 24.6%
Current ratio
2.80▲
2024 · 2.38
Quick ratio
2.70▲
2024 · 2.28
Debt / equity
2.50▼
2024 · 3.07
ROE
6.3%▼
2024 · 10.0%
ROA
1.8%▼
2024 · 2.5%
Interest coverage
3.89▲
2024 · 3.43
Debt
€118k▼
2024 · €135k
Debt ≤ 1 year
€29k▼
2024 · €35k
Debt > 1 year
€89k▼
2024 · €100k
Income taxes
€1k▲
2024 · €793
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€179k€165k▼
Fixed assets21/28€96k€84k▼
Tangible fixed assets22/27€96k€84k▼
Land and buildings22€79k€73k▼
Plant, machinery and equipment23€17k€10k▼
Furniture and vehicles24€561€394▼
Current assets29/58€84k€81k▼
Stocks and contracts in progress3€4k€3k▼
Stocks30/36€4k€3k▼
Amounts receivable within one year40/41€79k€77k▼
Trade receivables40€9k€6k▼
Other amounts receivable41€70k€70k▲
Cash at bank and in hand54/58€29€0▼
Deferred charges and accrued income490/1€937€1k▲
Equity and liabilities
Total equity and liabilities10/49€179k€165k▼
Equity10/15€44k€47k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€39k€42k▲
Amounts payable17/49€135k€118k▼
Amounts payable after more than one year17€100k€89k▼
Financial debts170/4€100k€89k▼
Amounts payable within one year42/48€35k€29k▼
Current portion of amounts payable after more than one year42€13k€11k▼
Financial debts43€3k€2k▼
Credit institutions430/8€3k€2k▼
Trade debts44€12k€6k▼
Suppliers440/4€12k€6k▼
Advances received on contracts in progress46€4k€0▼
Taxes, remuneration and social security45€3k€10k▲
Taxes450/3€3k€10k▲
Accrued charges and deferred income492/3€575€241▼
Income statement
Code20242025
Non-recurring operating income76A€0€16k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€12k▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€20k€18k▼
Operating profit (loss)9901€7k€5k▼
Financial income75/76B€4k€4k▼
Recurring financial income75€4k€4k▼
Financial charges65/66B€6k€4k▼
Recurring financial charges65€6k€4k▼
Profit (loss) for the period before taxes9903€5k€4k▼
Income taxes67/77€793€1k▲
Profit (loss) for the period9904€4k€3k▼
Profit (loss) for the period to be appropriated9905€4k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€39k€42k▲
Profit (loss) brought forward from the previous period14P€35k€39k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-3k ▼161%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Tielt-Winge · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Tiensesteenweg 593390 Tielt-WingeGround area
463 m²
Building footprint
173 m²
Volume, LiDAR
1,021 m³
Parcel 24101D0003/00S006, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GLAMU
since 20192.291.768.619
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24101D0003/00S006 | Flanders | 463 m² | 1 · 173 m² | 10.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
PV WOODS OUTSIDE & INSIDE
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NANDRIN MENUISERIE
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IDEAL CHASSIS PVC
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Dison · Eq €47k
Vanmey Interieur
BE 0765.846.078
Lummen · Eq €47k
Blondeel Interieur
BE 0684.922.740
Evergem · Eq €47k
Of 20,026 companies in sector 43320 we hold annual accounts for 9,135. 7,345 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-07-2019
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
59202Motion picture, video and television programme production, sound recording and music publishing activities
59203Motion picture, video and television programme production, sound recording and music publishing activities
59209Motion picture, video and television programme production, sound recording and music publishing activities
90201Performing arts by independent artists
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.