GLASHANDEL CLAES
ActiveGLASHANDEL CLAES has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €207k and a net result of €36k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 95% of 27787 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
92
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89=
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 17.05 against 22.78 in 2024; short-term debt: 5.6% and cash: 67.3% of total assets), and 5.6% 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
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
94.4%
Return on assets
16.6%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €207k
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
6 d early
2022
4 d early
2021
31 d early
2020
9 d early
2019
on the day
← 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€207k▲ 21.3%
2024 · €171k
2018: €212k
2019: €232k
2020: €251k
2021: €267k
2022: €292k
2023: €142k
2024: €171k
2018 → 2025
Total assets
€219k▲ 23.3%
2024 · €178k
2018: €240k
2019: €259k
2020: €274k
2021: €290k
2022: €305k
2023: €232k
2024: €178k
2018 → 2025
Net result
€36k▲ 25.6%
2024 · €29k
2018: €19k
2019: €19k
2020: €18k
2021: €16k
2022: €25k
2023: €30k
2024: €29k
2018 → 2025
Working capital
€197k▲ 24.6%
2024 · €158k
2018: €183k
2019: €193k
2020: €224k
2021: €246k
2022: €276k
2023: €126k
2024: €158k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€267k-€292k▲ 9.3%€142k▼ 51.4%€171k▲ 20.4%€207k▲ 21.3%
Operating result€22k-€33k▲ 52.7%€40k▲ 20.5%€37k▼ 9.0%€49k▲ 33.3%
Net result€16k-€25k▲ 59.7%€30k▲ 19.9%€29k▼ 2.8%€36k▲ 25.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 33% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €219k
Fixed assets
€10k▼ 19.6%
Current assets
€209k▲ 26.5%
Equity and liabilities €219k
Equity
€207k▲ 21.3%
Debt
€12k▲ 69.9%
The debt ratio rises from 4.1% to 5.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€51k▲
2024 · €40k
Cash flow
€39k▲
2024 · €32k
Solvency
94.4%▼
2024 · 95.9%
Current ratio
17.05▼
2024 · 22.78
Quick ratio
16.64▼
2024 · 22.06
Debt / equity
0.06▲
2024 · 0.04
ROE
17.5%▲
2024 · 16.9%
ROA
16.6%▲
2024 · 16.2%
Interest coverage
92.03▼
2024 · 246.58
Debt
€12k▲
2024 · €7k
Debt ≤ 1 year
€12k▲
2024 · €7k
Income taxes
€14k▲
2024 · €11k
Staff costs
€0▼
2024 · €1k
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€178k€219k▲
Fixed assets21/28€13k€10k▼
Tangible fixed assets22/27€13k€10k▼
Land and buildings22€8k€8k=
Plant, machinery and equipment23€123€0▼
Furniture and vehicles24€4k€2k▼
Current assets29/58€165k€209k▲
Stocks and contracts in progress3€5k€5k▼
Stocks30/36€5k€5k▼
Amounts receivable within one year40/41€60k€45k▼
Trade receivables40€51k€42k▼
Other amounts receivable41€9k€3k▼
Current investments50/53-€7k
Cash at bank and in hand54/58€99k€148k▲
Deferred charges and accrued income490/1€1k€4k▲
Equity and liabilities
Total equity and liabilities10/49€178k€219k▲
Equity10/15€171k€207k▲
Contributions10/11€25k€25k=
Reserves13€146k€182k▲
Distributable reserves133€146k€182k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€7k€12k▲
Amounts payable within one year42/48€7k€12k▲
Trade debts44€3k€3k▼
Suppliers440/4€3k€3k▼
Advances received on contracts in progress46-€570
Taxes, remuneration and social security45€4k€9k▲
Taxes450/3€4k€5k▲
Remuneration and social security454/9-€4k
Other amounts payable47/48€166€276▲
Accrued charges and deferred income492/3€0€64▲
Income statement
Code20242025
Remuneration, social security and pensions62€1k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€43k€53k▲
Operating profit (loss)9901€37k€49k▲
Financial income75/76B€4k€2k▼
Recurring financial income75€4k€2k▼
Financial charges65/66B€161€557▲
Recurring financial charges65€161€557▲
Profit (loss) for the period before taxes9903€40k€50k▲
Income taxes67/77€11k€14k▲
Profit (loss) for the period9904€29k€36k▲
Profit (loss) for the period to be appropriated9905€29k€36k▲
Appropriation of the result
Profit (loss) to be appropriated9906€29k€36k▲
Transfer from equity791/2€0-
Transfer to equity691/2€29k€36k▲
To other reserves6921€29k€36k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (13 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
31-12
Financial
Highest result since 2018net €36k ▲25.6%
Operating result €49k, net result €36k, both a record.
31-12
Financial
Equity above €200kEq €207k ▲21.3%
8 profitable years in a row build equity to €207k.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 10current ratio 22.78
Current ratio from 2.40 to 22.78; short-term debt falls from €90k to €7k.
31-12
Financial
Equity above €150kEq €171k ▲20.4%
7 profitable years in a row build equity to €171k.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €16k ▼13.8%
Net result drops to €16k, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 8 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, Scherpenheuvel-Zichem · 1 establishment unit since 1989
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.
Vorststraat(Z) 843271 Scherpenheuvel-ZichemGround area
2,593 m²
Building footprint
152 m²
Volume, LiDAR
772 m³
Parcel 24005D0615/00Y000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GLASHANDEL CLAES
since 19892.041.425.871
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24005D0615/00Y000 | Flanders | 2,593 m² | 1 · 152 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
7AVHR
BE 0402.030.158
Ukkel · Eq €207k
GLAS
BE 0746.976.412
Rotselaar · Eq €212k
VITRERIE FERNANDEZ
BE 0446.411.222
Verviers · Eq €201k
VITRERIE-MIROITERIE Jean Paul BRIERE
BE 0459.111.292
Ganshoren · Eq €197k
DIMA CHASSIS
BE 0893.828.868
Charleroi · Eq €197k
Of 489 companies in sector 43343 we hold annual accounts for 294. 250 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-01-1989
Fiscal year end31-12
Activities, NACEBEL
43343Specialised construction activities
35130Electricity, gas, steam and air conditioning supply
43320Joinery installation
43350Other building finishing work
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.