Equity
€188,737 ▲ 13.7%
GLASMATHIEU has made a profit without a break since 2021.
GLASMATHIEU
Lifetime
10 annual accounts with figures on one time axispeak €89,973 (2023)
€62,450▼ 27.4%
lowest -€48,621 (2020)
€22,808▼ 39.1%
peak €188,737 (2025)
€188,737▲ 13.7%
€346,533▼ 14.0%
Board3 names since 2022
3 directorsJAQUET Syrinx and 2 others
Documentsfilings and deeds
27-12-202535 days before the deadline
2025micro format
Gross margin from €86,018 to €62,450Result from €37,457 to €22,808Equity from €165,929 to €188,737Cash from €9,839 to €40
Key points
from the 2025 annual accountsChecked score
70
Healthy
Financially stronger than 45% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.2%
01-2025: 1.3%▲ +0.1 percentage points vs 12-2024highest value
02-2025: 0.6%▼ -0.7 percentage points vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.5%▼ -0.1 percentage points vs 05-2025lowest value
07-2025: 0.5%● unchanged vs 06-2025lowest value
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.6%▲ +0.1 percentage points vs 09-2025
11-2025: 0.7%▲ +0.1 percentage points vs 10-2025
12-2025: 0.8%▲ +0.1 percentage points vs 11-2025
01-2026: 0.7%▼ -0.1 percentage points vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.7%● unchanged vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 0.7%● unchanged vs 06-2026
08-2026: 0.7%● unchanged vs 07-2026
09-2026: 0.6%▼ -0.1 percentage points vs 08-2026
10-2026: 0.7%▲ +0.1 percentage points vs 09-2026
11-2026: 0.6%▼ -0.1 percentage points vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 1.45, cash €40, halved
Sector: Specialised construction activities (NACE 43)
lowers risk
Founded in 2014
Size: total assets €535,270
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 43, micro). It does better than 37% of them on solvency, 37% on liquidity, 47% on profitability and 60% 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 30-06-2025.
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, 6,049 companies had the same profile as GLASMATHIEU has now. Each dot stands for 16 companies, two years later.
95.9%
were still trading
3.6%
stopped another way
0.4%
went bankrupt
That fits the bankruptcy probability of GLASMATHIEU itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 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 6,049 companies, not a prediction for GLASMATHIEU. 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
Credit of up to €13,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.45 (1.33 in 2024), below the usual 1.5. Short-term debt is 16.2% and cash 0% of total assets. 64.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-12-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 days early
2024
6 days early
2023
1 day early
2022
13 days early
2021
3 days early
2020
2 days early
2019
3 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 9 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 25 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0505961797
Registered office moved to Borgerhout
New registered office: Te Boelaerlei 123 bus 7-2140 Borgerhout · Reappointments: JAQUET Syrinx, MATHIEU Victor Liliane August and MATHIEU Walter Hugo August · Gazette deed
Incorporation
published on 08-12-2014 · Gazette deed
First establishment
Te Boelaarlei 123, Antwerp
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GLASMATHIEU Antwerp | €535,270 | €62,450 | 35.3% | - |
| AVANGARDE Antwerp | €490,830 | €56,321 | 49.0% | 0.5 |
| Timber Projects Mechelen | €518,451 | €60,262 | 50.3% | - |
| WIM VASTENAEKEN Mechelen | €510,402 | €60,223 | 98.9% | - |
| Zondag Lier | €571,525 | €58,507 | -52.9% | - |
| ALFA HOUT Hoogstraten | €560,043 | €67,294 | 26.2% | - |
| B.C.ALU Retie | €520,874 | €62,073 | 24.5% | 0.1 |
These companies have the same main activity as GLASMATHIEU: joinery installation (NACE 43320). They are comparable in size and age: total assets between €491,000 and €572,000, founded between 2012 and 2016.
Official details
Source: KBO- Status
- Active since 04-12-2014Normal situation
- Activity
- Joinery installationNACE 43320and 1 other
- Establishment unit
- 2.242.520.6302140 Antwerp, since 04-12-2014
- Financial year end
- 30 June
- Peppol
- Reachable since 05-01-2026
Annual accounts to 30-06-2025
- €535,270▼ 5.9%
- Filing
- Filed on 27-12-2025, 35 days before the end of the filing period
Insights on GLASMATHIEU
GLASMATHIEU files the micro format. That format states no turnover. The gross margin rose from €28,643 in 2016 to €62,450 in 2025.
The balance sheet grew most from 2021 to 2023 through fixed assets.
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 GLASMATHIEU
- What is the company number of GLASMATHIEU?
- The company number of GLASMATHIEU is 0505.961.797. The VAT number is the same number with BE in front: BE 0505.961.797.
- Where is GLASMATHIEU based?
- The registered office is at Te Boelaarlei 123, 2140 Antwerp.Company details
- What does GLASMATHIEU do?
- According to the KBO register, the main activity is joinery installation (NACE 43320).
- What is the legal form of GLASMATHIEU?
- GLASMATHIEU is a private limited company (BV).
- When was GLASMATHIEU founded?
- GLASMATHIEU was founded on 04-12-2014.
- Is GLASMATHIEU still active?
- Yes, GLASMATHIEU is an active enterprise in the KBO register.
- What is the turnover of GLASMATHIEU?
- The turnover in financial year 2025 is ≈ €260,000. This figure is estimated from the gross margin of €62,450 and 39 comparable companies (NACE 43320). It probably lies between €180,000 and €390,000. In financial year 2022 turnover was €172,664.Financials
- Is GLASMATHIEU profitable?
- In financial year 2025, GLASMATHIEU made a profit of €22,808.
- Where can I find the annual accounts of GLASMATHIEU?
- GLASMATHIEU filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GLASMATHIEU due?
- GLASMATHIEU must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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