GLARECO
ActiveSummary
GLARECO has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.1m and a net result of €104,962. Equity is growing by ~15.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability80▲+19
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95,000 at 30 days acceptable
Liquidity ample (current ratio 97.24 against 18.73 in 2023; short-term debt: 1% and cash: 17.7% of total assets), and 1.1% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
98.9%
Return on assets
9.3%
Age of the figures
21 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 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
23 d early
2023
33 d early
2022
33 d early
2021
34 d early
2020
46 d early
2019
35 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 36 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 28 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2024, unclassified schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€104,962▲ 2.9%
2023 · €101,960
Working capital
€1.1m▲ 10.6%
2023 · €1.0m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€101,656▲ 533%€398,089▲ 292%€243,394▼ 38.9%€144,165▼ 40.8%€152,373▲ 5.7%
Net result€67,435within the sector's middle half▲ 422%€269,989▲ 300%€159,560▼ 40.9%€101,960▼ 36.1%€104,962▲ 2.9%
Equity€500,946within the sector's middle half▲ 15.6%€770,935▲ 53.9%€912,600▲ 18.4%€1.0m▲ 11.2%€1.1m▲ 10.3%
Total assets€520,668within the sector's middle half▲ 2.7%€1.0m▲ 97.3%€935,655▼ 8.9%€1.1m▲ 14.5%€1.1m▲ 5.7%
Debt€19,722▼ 73.1%€256,484▲ 1,200%€23,054▼ 91.0%€56,885▲ 147%€12,618▼ 77.8%
Working capital€482,313above the sector's middle half▲ 17.8%€1.0m▲ 108%€901,811▼ 10.3%€1.0m▲ 11.8%€1.1m▲ 10.6%
Solvency96.2%above the sector's middle half▲ 10.7pp75.0%▼ 21.2pp97.5%▲ 22.5pp94.7%▼ 2.8pp98.9%▲ 4.2pp
Current ratio25.62above the sector's middle half▲ 19.0240.1218.73▼ 21.3997.24▲ 78.51
Return on assets (ROA)13.0%above the sector's middle half▲ 10.4pp26.3%▲ 13.3pp17.1%▼ 9.2pp9.5%▼ 7.5pp9.3%▼ 0.2pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 6% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.1m
Fixed assets
€5,010 ▼ 16.1%
Current assets
€1.1m ▲ 5.8%
Equity and liabilities €1.1m
Equity
€1.1m ▲ 10.3%
Debt
€12,618 ▼ 77.8%
Debt's share of the balance-sheet total falls from 5.3% to 1.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€154,264▲
2023 · €150,171
Cash flow
€106,853▼
2023 · €107,966
Debt to equity
0.01▼
2023 · 0.06
ROE
9.4%▼
2023 · 10.0%
Interest coverage
1988.45▲
2023 · -27.47
Debt ≤ 1 year
€11,591▼
2023 · €56,885
Income taxes
€50,118▲
2023 · €47,741
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.3%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 17,811 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,771 | €5,369 | €5,709 | €6,007 | €1,892 | ▼ 68.5% |
| Other operating charges640/8 | - | €694 | €1,553 | €1,786 | €1,631 | ▼ 8.7% |
| Gross operating margin9900 | €107,940 | €404,153 | €250,657 | €151,957 | €155,895 | ▲ 2.6% |
| Operating profit (loss)9901 | €101,656 | €398,089 | €243,394 | €144,165 | €152,373 | ▲ 5.7% |
| Financial income75/76B | - | €68 | €1,432 | €69 | €2,785 | ▲ 3,930% |
| Recurring financial income75 | €2 | €68 | €1,432 | €69 | €2,785 | ▲ 3,930% |
| Financial charges65/66B | - | €84 | €7,663 | -€5,467 | €78 | ▲ 101% |
| Recurring financial charges65 | €217 | €84 | €7,663 | -€5,467 | €78 | ▲ 101% |
| Profit (loss) for the period before taxes9903 | €101,440 | €398,073 | €237,162 | €149,700 | €155,080 | ▲ 3.6% |
| Income taxes67/77 | €34,005 | €128,084 | €77,602 | €47,741 | €50,118 | ▲ 5.0% |
| Profit (loss) for the period9904 | €67,435 | €269,989 | €159,560 | €101,960 | €104,962 | ▲ 2.9% |
| Profit (loss) for the period to be appropriated9905 | €67,435 | €269,989 | €159,560 | €101,960 | €104,962 | ▲ 2.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €520,668 | €1.0m | €935,655 | €1.1m | €1.1m | ▲ 5.7% |
| Fixed assets21/28 | €18,764 | €15,553 | €10,790 | €5,975 | €5,010 | ▼ 16.1% |
| Intangible fixed assets21 | €3,996 | €2,664 | €1,332 | €0 | - | - |
| Tangible fixed assets22/27 | €13,328 | €11,449 | €8,018 | €4,535 | €3,570 | ▼ 21.3% |
| Plant, machinery and equipment23 | - | €9,292 | €5,365 | €1,445 | €778 | ▼ 46.2% |
| Furniture and vehicles24 | - | €2,157 | €2,652 | €3,090 | €2,792 | ▼ 9.6% |
| Financial fixed assets28 | €1,440 | €1,440 | €1,440 | €1,440 | €1,440 | = |
| Current assets29/58 | €501,904 | €1.0m | €924,865 | €1.1m | €1.1m | ▲ 5.8% |
| Amounts receivable within one year40/41 | €64,018 | €50,297 | €28,600 | €44,655 | €34,945 | ▼ 21.7% |
| Trade receivables40 | - | €9,176 | €24,024 | €38,133 | €33,125 | ▼ 13.1% |
| Other amounts receivable41 | - | €41,122 | €4,576 | €6,522 | €1,819 | ▼ 72.1% |
| Current investments50/53 | - | - | €52,477 | €108,132 | €888,131 | ▲ 721% |
| Cash at bank and in hand54/58 | €434,314 | €957,541 | €839,924 | €907,828 | €200,335 | ▼ 77.9% |
| Deferred charges and accrued income490/1 | - | €4,027 | €3,865 | €4,856 | €3,718 | ▼ 23.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €520,668 | €1.0m | €935,655 | €1.1m | €1.1m | ▲ 5.7% |
| Equity10/15 | €500,946 | €770,935 | €912,600 | €1.0m | €1.1m | ▲ 10.3% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €451,046 | €758,535 | €900,200 | €1.0m | €1.1m | ▲ 10.5% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €756,675 | €898,340 | €1.0m | €1.1m | ▲ 10.5% |
| Profit (loss) carried forward14 | €37,500 | - | - | €0 | - | - |
| Amounts payable17/49 | €19,722 | €256,484 | €23,054 | €56,885 | €12,618 | ▼ 77.8% |
| Amounts payable after more than one year17 | €131 | €531 | - | - | - | - |
| Other amounts payable178/9 | - | €531 | - | - | - | - |
| Amounts payable within one year42/48 | €19,592 | €6,995 | €23,054 | €56,885 | €11,591 | ▼ 79.6% |
| Trade debts44 | €10,587 | €6,995 | €20,857 | €28,229 | €11,473 | ▼ 59.4% |
| Suppliers440/4 | - | €6,995 | €20,857 | €28,229 | €11,473 | ▼ 59.4% |
| Taxes, remuneration and social security45 | - | - | €2,197 | €28,656 | €118 | ▼ 99.6% |
| Taxes450/3 | - | - | €2,197 | €28,656 | €118 | ▼ 99.6% |
| Accrued charges and deferred income492/3 | - | €248,958 | - | - | €1,027 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €67,435 | €269,989 | €159,560 | €101,960 | €104,962 | ▲ 2.9% |
| + Depreciation and write-downs630 | €5,771 | €5,369 | €5,709 | €6,007 | €1,892 | ▼ 68.5% |
| Operating cash flow (approximation) | €73,206 | €275,358 | €165,269 | €107,966 | €106,853 | ▼ 1.0% |
| Investment in fixed assets (approximation) | - | -€2,158 | -€945 | -€1,192 | -€927 | ▲ 22.2% |
| Change in cash | - | €523,228 | -€117,618 | €67,904 | -€707,493 | ▼ 1,142% |
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
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
31-12
Financial
Liquidity times 5current ratio 97.24
Current ratio from 18.73 to 97.24; short-term debt falls from €56,885 to €11,591.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
31-12
Financial
Equity above €1mEq €1.0m ▲11.2%
6 profitable years in a row build equity to €1.0m.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
2021
31-12
Financial
Highest result since 2018net €269,989 ▲300%
Operating result €398,089, net result €269,989, both a record.
31-12
Financial
Liquidity times 6current ratio 144.66
Current ratio from 25.62 to 144.66; short-term debt falls from €19,592 to €6,995.
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity quadruplescurrent ratio 25.62
Current ratio from 6.59 to 25.62; short-term debt falls from €73,229 to €19,592.
31-12
Financial
Equity above €500,000Eq €500,946 ▲15.6%
3 profitable years in a row build equity to €500,946.
Show earlier events
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €12,910 ▼94.4%
Net result drops to €12,910, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Büllingen · 1 establishment unit since 2016
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.
Rocherath,Zur Hahnendell 94761 Büllingen1 establishment unit
GLARECO
since 20162.251.533.514
Recognitions · licences · registrations
Legal Entity Identifier
648800DKY8SY971FCV75
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 26,615 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 (pre-2019)
Founded18-03-2016
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
39000Remediation activities and other waste management service activities
46872Wholesale trade
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0650655016
Also
9925:BE0650655016
Registered
08-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.