Skip to content

GLASS DESIGN

Active
Private limited companyfounded 2004active for 22 yearsRue de Montigny 51, 6200 Châtelet, BelgiumKBO/BCE: BE 0867.661.040
Summary

GLASS DESIGN has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.9m and a net result of €42,140. Equity is growing by about 15% per year across the filed financial years. Its solvency ranks better than 63% of 9,615 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Activity
Roofing work
NACE 43410Joinery installation NACE 43320
#4 company by total assets in Châtelet, Construction sector1 site
Size
€3.3mtotal assets 2025
Staff
3.7 FTE
Equity
€1.9m
Profit
€42,140
Financial health
84 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Structure
Accounts 3 days early0 of 7 deeds read
Why 84raises risk2 of the last 3 lateLiquidity: current ratio 1.98, cash €102,148lowers riskFounded in 2004Figures for financial year 2025 (filed 28-07-2026)Show the evidence

Checked score

Score 2025
84 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 46% of its sector peers (NACE 43, micro)
Financial strength · tick = 2024
Strong
Solvency 81-4
equity 55.7% of total assets
Liquidity 50-4
short-term debt 16.0% · cash 3.1%
Profitability 70+2
return on assets 1.3%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,541 companies, NACE 43, micro)
Last 24 months 11-2024: 4.4% 12-2024: 4.9%▲ +0.5 percentage points vs 11-2024 01-2025: 8.7%▲ +3.8 percentage points vs 12-2024highest value 02-2025: 1.3%▼ -7.4 percentage points vs 01-2025 03-2025: 1.6%▲ +0.3 percentage points vs 02-2025 04-2025: 1.7%▲ +0.1 percentage points vs 03-2025 05-2025: 0.8%▼ -0.9 percentage points vs 04-2025 06-2025: 0.9%▲ +0.1 percentage points vs 05-2025 07-2025: 1.0%▲ +0.1 percentage points vs 06-2025 08-2025: 1.2%▲ +0.2 percentage points vs 07-2025 09-2025: 1.3%▲ +0.1 percentage points vs 08-2025 10-2025: 1.7%▲ +0.4 percentage points vs 09-2025 11-2025: 1.8%▲ +0.1 percentage points vs 10-2025 12-2025: 0.5%▼ -1.3 percentage points vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.6%▲ +0.1 percentage points vs 02-2026 04-2026: 0.7%▲ +0.1 percentage points vs 03-2026 05-2026: 0.7%● unchanged vs 04-2026 06-2026: 0.8%▲ +0.1 percentage points vs 05-2026 07-2026: 0.9%▲ +0.1 percentage points vs 06-2026 08-2026: 0.4%▼ -0.5 percentage points vs 07-2026lowest value 09-2026: 0.4%● unchanged vs 08-2026lowest value 10-2026: 0.4%● unchanged vs 09-2026lowest value
Credit of up to €150,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.98, compared with 2.45 in 2024; short-term debt: 16% and cash: 3.1% of total assets), and 44.3% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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): better than 61% on solvency, 44% on liquidity, 38% on profitability and 43% on growth.

The bankruptcy probability was computed on 09-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · 2 of the last 3 late
NBB · filings
lowers risk · Founded in 2004
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Liquidity: current ratio 1.98, cash €102,148
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed 28-07-2026)
NBB · annual accounts
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
3 days early
2024
98 days late
2023
159 days late
2022
170 days late
2021
79 days late
2020
152 days late
2019
92 days late
← 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 107 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% 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. The company usually files around 6 November (4 of the last 5 filed years within 72 days of that day).
Companies Code · seven months
Where today falls in the filing period
10-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Back to profitnet €42,140
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Positive: Back in profit in 2025after -€25,972 in 2024 €42,140 View
  • Positive: Among the best 5% on equitysector median €256,319 · 9,617 companies €1.9m View
  • Total assets 20256 financial years filed €3.3m View

By topic

Financials

Financial year
2025
Total assets
€3.3m
Profit
€42,140
Solvency
55.7%
Total assets▲ 11.7%
Net result
20182025
Go to Financials

Timeline

Events
26
Since
2006
Next accounts
by 31-07-2027
  1. 06-01-2025Annual accounts filed
  2. 31-12-2024Weakest financial year
  3. 17-01-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Roofing workNACE 43410
Founded
06-10-2004
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.