Losses
-€48,651 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
GLAN
Lifetime
2 annual accounts with figures on one time axispeak -€5,817 (2025)
-€5,817▲ €12,943
lowest -€28,754 (2025)
-€28,754▼ €8,857
peak €30,103 (2024)
€1,349▼ 95.5%
€410,398▲ 2.4%
Board2 names since 2024
2 directorsDEVIS Glenn and 1 other
Documentsfilings and deeds
29-07-20262 days before the deadline
2025micro format
Gross margin from -€18,760 to -€5,817Loss of €28,754Equity from €30,103 to €1,349Investments €41,939Cash from €49,047 to €3,470
Key points
from the 2025 annual accountsDebts
€410,398 100% of the balance sheet
Financial debts 80%Suppliers 0%Taxes and wages 0%Other 20%
Of this, €83,217 falls due within a year.
Investments
€41,939 2.8 × depreciation
Green is investment, beige is depreciation.
Liquidity
0.11 was 1.52 in 2024
Short-term debts rose from €36,655 to €83,217.
Starting capital
€50,000 100 shares
Position in the sector
-€28,754
Lower net result than 84% of companies in accommodation. Sector median €2,249 · 1,611 companies.
Turnover not published (micro format)
Checked score
54
Fair
Financially stronger than 24% of micro companies in accommodation (NACE 55)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 2,522 companies (NACE 55, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
07-2025: 1.6%highest value
08-2025: 0.7%▼ -0.9 percentage points vs 07-2025lowest value
09-2025: 0.7%● unchanged vs 08-2025lowest value
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.8%▲ +0.1 percentage points vs 10-2025
12-2025: 0.8%● unchanged vs 11-2025
01-2026: 0.8%● unchanged vs 12-2025
02-2026: 0.8%● unchanged vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026
04-2026: 0.9%▲ +0.1 percentage points vs 03-2026
05-2026: 0.9%● unchanged vs 04-2026
06-2026: 1.0%▲ +0.1 percentage points vs 05-2026
07-2026: 1.0%● unchanged vs 06-2026
08-2026: 1.4%▲ +0.4 percentage points vs 07-2026
09-2026: 1.4%● unchanged vs 08-2026
10-2026: 1.4%● unchanged vs 09-2026
11-2026: 1.4%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Founded in 2024
Liquidity: current ratio 0.11, cash €3,470, halved
Loss of €28,754, the second in a row (financial year 2025)
lowers risk
Size: total assets €411,747
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 55, micro). It does better than 29% of them on solvency, 44% on liquidity, 16% on profitability and 6% on growth.
The bankruptcy probability was computed on 10-11-2026 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 low class on 30-06-2025, 0.8% 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, 1,301 companies had the same profile as GLAN has now. Each dot stands for 4 companies, two years later.
92.5%
were still trading
1.6%
stopped another way
5.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GLAN itself: 1.4% within 12 months.
Test of the method
The method was tested on the 497,448 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 1,301 companies, not a prediction for GLAN. 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
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.11 (1.52 in 2024), below 1. Short-term debt is 20.2% and cash 0.8% of total assets. 99.7% 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
2425
2024 to 2025 · latest year -€28,754
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 29-07-2026, 2 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
2 days early
2024
23 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 13 days before the deadline. In the sector (NACE 55), the median for financial year 2024 was 1 day before the deadline, and 45% 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.
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- DEVIS Glenn 80 sharesdeed of 28-06-2024
- VANWETTER An 20 sharesdeed of 28-06-2024
Recent changes
Incorporation
Founding capital of €50,000, 100 shares · Founders: DEVIS Glenn and VANWETTER An · Appointments: DEVIS Glenn (director) and VANWETTER An (director) · published on 28-06-2024 · Gazette deed
First establishment
Briel 2/C, Bornem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GLAN Bornem | €0.4m | -€5,817 | 0.3% | - |
| PEP IMMOBILIER Ottignies-Louvain-la-Neuve | €0.5m | -€64,228 | -6.1% | - |
| MOULIN DE BEAUVAL Seneffe | €0.9m | -€43,584 | -10.0% | - |
| TOMPOL Oostkamp | €0.3m | €1,896 | -6.4% | - |
| MARZANNE Nieuwpoort | €1.0m | -€23,647 | -21.3% | - |
| DETALLE IMMO Dalhem | €0.2m | -€10,905 | 16.0% | - |
| BG-LC IMMO Auderghem | €1.1m | -€7,886 | -1.6% | - |
These companies have the same main activity as GLAN: other holiday and short-stay accommodation (NACE 55209). They are comparable in size and age: total assets between €169,000 and €1.1m, founded between 2023 and 2025.
Official details
Source: KBO- Status
- Active since 26-06-2024Normal situation
- Activity
- Other holiday and short-stay accommodationNACE 55209and 1 other
- Establishment unit
- 2.361.537.2542880 Bornem, since 26-06-2024
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €411,747▼ 4.4%
- Filing
- Filed on 29-07-2026, 2 days before the end of the filing period
Insights on GLAN
The annual accounts of GLAN for financial year 2025 show a net loss of 96% of the equity at the start of that year. The 2025 annual accounts show equity of €1,349 and a net result of -€28,754.
Its solvency ranks better than 30% of 1,609 sector peers (NACE 55, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
The computed 12-month bankruptcy probability is 1.4% (low).
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 GLAN
- What is the company number of GLAN?
- The company number of GLAN is 1010.785.035. The VAT number is the same number with BE in front: BE 1010.785.035.
- Where is GLAN based?
- The registered office is at Briel 2/C, 2880 Bornem.Company details
- What does GLAN do?
- According to the KBO register, the main activity is other holiday and short-stay accommodation (NACE 55209).
- What is the legal form of GLAN?
- GLAN is a private limited company (BV).
- When was GLAN founded?
- GLAN was founded on 26-06-2024.
- Is GLAN still active?
- Yes, GLAN is an active enterprise in the KBO register.
- What is the turnover of GLAN?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is GLAN profitable?
- In financial year 2025, GLAN made a loss of €28,754.
- Where can I find the annual accounts of GLAN?
- GLAN filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GLAN due?
- GLAN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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