GLAS & HOUT
ActiveGLAS & HOUT has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10k and a net result of €-8k. Equity is growing by ~24.6% per year across the filed fiscal years. Its solvency ranks better than 13% of 1888 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
15
/ 100
Critical▼ -36 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency5▼-5
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.18 against 0.16 in 2024), and 92.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← 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
7.4%
Return on assets
-6.1%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 1888 sector peers (2025).
NBB · sector comparisonPosition among 1888 sector peers
Solvency
better than 13%
← weakest
strongest →
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
13 d early
2023
14 d early
2022
14 d early
2021
16 d early
2020
11 d late
2019
21 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€10k▼ 45.3%
2024 · €18k
2018: €4k
2019: €5k
2020: €6k
2021: €19k
2022: €22k
2023: €12k
2024: €18k
2018 → 2025
Total assets
€135k▲ 8.1%
2024 · €125k
2018: €208k
2019: €185k
2020: €180k
2021: €161k
2022: €146k
2023: €134k
2024: €125k
2018 → 2025
Net result
€-8k
2024 · €6k
2018: €-728
2019: €2k
2020: €709
2021: €13k
2022: €2k
2023: €-9k
2024: €6k
2018 → 2025
Working capital
€-72k▼ 41.2%
2024 · €-51k
2018: €-79k
2019: €-68k
2020: €-71k
2021: €-52k
2022: €-45k
2023: €-63k
2024: €-51k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€19k-€22k▲ 12.6%€12k▼ 42.7%€18k▲ 47.8%€10k▼ 45.3%
Operating result€15k-€3k▼ 79.3%€-8k€7k€-7k
Net result€13k-€2k▼ 81.5%€-9k€6k€-8k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €7k after €7k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €135k
Fixed assets
€120k▲ 3.9%
Current assets
€15k▲ 57.8%
Equity and liabilities €135k
Equity
€10k▼ 45.3%
Debt
€125k▲ 17.3%
The debt ratio rises from 85.4% to 92.6%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€2k▼
2024 · €21k
Cash flow
€1k▼
2024 · €19k
Solvency
7.4%▼
2024 · 14.6%
Current ratio
0.18▲
2024 · 0.16
Quick ratio
0.16▲
2024 · 0.13
Debt / equity
12.50▲
2024 · 5.83
ROE
-82.7%▼
2024 · 32.4%
ROA
-6.1%▼
2024 · 4.7%
Interest coverage
1.93▼
2024 · 16.88
Debt
€125k▲
2024 · €107k
Debt ≤ 1 year
€88k▲
2024 · €61k
Debt > 1 year
€37k▼
2024 · €46k
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€125k€135k▲
Fixed assets21/28€115k€120k▲
Tangible fixed assets22/27€115k€120k▲
Land and buildings22€105k€100k▼
Plant, machinery and equipment23-€13k
Furniture and vehicles24€10k€6k▼
Current assets29/58€10k€15k▲
Stocks and contracts in progress3€2k€1k▼
Stocks30/36€2k€1k▼
Amounts receivable within one year40/41€702€14k▲
Trade receivables40€702€12k▲
Other amounts receivable41-€2k
Cash at bank and in hand54/58€7k€366▼
Equity and liabilities
Total equity and liabilities10/49€125k€135k▲
Equity10/15€18k€10k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-321€-9k▼
Amounts payable17/49€107k€125k▲
Amounts payable after more than one year17€46k€37k▼
Financial debts170/4€46k€37k▼
Amounts payable within one year42/48€61k€88k▲
Current portion of amounts payable after more than one year42€8k€8k▲
Trade debts44€5k€2k▼
Suppliers440/4€5k€2k▼
Taxes, remuneration and social security45€2k€188▼
Taxes450/3€2k€188▼
Other amounts payable47/48€46k€77k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€9k▼
Other operating charges640/8€3k€3k▲
Gross operating margin9900€24k€5k▼
Operating profit (loss)9901€7k€-7k▼
Financial income75/76B-€2
Recurring financial income75-€2
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€6k€-8k▼
Income taxes67/77€188-
Profit (loss) for the period9904€6k€-8k▼
Profit (loss) for the period to be appropriated9905€6k€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-321€-9k▼
Profit (loss) brought forward from the previous period14P€-6k€-321▲
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-9k ▼483%
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €13k ▲1741%
Operating result €15k, net result €13k, both a record.
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Puurs-Sint-Amands · 1 establishment unit since 2018
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.
Emile Verhaerenstraat 412890 Puurs-Sint-AmandsGround area
410 m²
Building footprint
209 m²
Volume, LiDAR
1,582 m³
2 parcels, Flanders · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GLAS & HOUT
since 20182.276.885.849
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12034A0021/00S000 | Flanders | 284 m² | 1 · 209 m² | 12.0 m · 3 fl. |
| 12034A0503/00B003 | Flanders | 126 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Etablissements LEONARD
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S.L. PRODUCT
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Of 904 companies in sector 25120 we hold annual accounts for 673. 169 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-03-2012
Fiscal year end31-12
Activities, NACEBEL
25120Manufacture of fabricated metal products, except machinery and equipment
43320Joinery installation
43343Specialised construction activities
46180Agents specialised in the wholesale of other particular products
46190Agents in non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.