GLASS SERVICE ISOLATION
ActiveGLASS SERVICE ISOLATION has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €97k and a net result of €91k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 64% of 36378 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency84▲+47
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days only on tighter terms
Liquidity ample (current ratio 2.36 against 0.98 in 2023; short-term debt: 40.6% and cash: 72% of total assets), and 40.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-11-2025, 97 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
97 d late
2023
36 d early
2022
25 d late
2021
87 d late
2020
18 d late
2019
28 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€97k▲ 1,462%
2023 · €6k
2018: €6k
2019: €8k
2020: €-4k
2021: €-19k
2022: €-16k
2023: €6k
2018 → 2024
Total assets
€163k▲ 226%
2023 · €50k
2018: €68k
2019: €70k
2020: €54k
2021: €42k
2022: €50k
2023: €50k
2018 → 2024
Net result
€91k▲ 310%
2023 · €22k
2018: €-5k
2019: €1k
2020: €-12k
2021: €-15k
2022: €3k
2023: €22k
2018 → 2024
Working capital
€90k
2023 · €-900
2018: €-28k
2019: €-33k
2020: €-43k
2021: €-24k
2022: €-26k
2023: €-900
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-4k-€-19k▼ 366%€-16k▲ 16.9%€6k€97k▲ 1,462%
Operating result€-11k-€-15k▼ 35.4%€4k€23k▲ 521%€121k▲ 429%
Net result€-12k-€-15k▼ 29.0%€3k€22k▲ 586%€91k▲ 310%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 429% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €163k
Fixed assets
€7k▼ 30.3%
Current assets
€156k▲ 286%
Equity and liabilities €163k
Equity
€97k▲ 1,462%
Debt
€66k▲ 51.0%
The debt ratio falls from 87.6% to 40.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€127k▲
2023 · €29k
Cash flow
€97k▲
2023 · €28k
Solvency
59.4%▲
2023 · 12.4%
Current ratio
2.36▲
2023 · 0.98
Quick ratio
2.35▲
2023 · 0.96
Debt / equity
0.68▼
2023 · 7.08
ROE
93.6%▼
2023 · 356.4%
ROA
55.6%▲
2023 · 44.1%
Interest coverage
319.37▲
2023 · 55.18
Debt
€66k▲
2023 · €44k
Debt ≤ 1 year
€66k▲
2023 · €41k
Income taxes
€31k▲
2023 · €276
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€50k€163k▲
Fixed assets21/28€10k€7k▼
Tangible fixed assets22/27€10k€7k▼
Plant, machinery and equipment23€58€3k▲
Furniture and vehicles24€10k€4k▼
Current assets29/58€40k€156k▲
Stocks and contracts in progress3€941€1k▲
Stocks30/36€941€1k▲
Amounts receivable within one year40/41€19k€37k▲
Trade receivables40€14k€20k▲
Other amounts receivable41€6k€16k▲
Cash at bank and in hand54/58€19k€117k▲
Deferred charges and accrued income490/1€935€1k▲
Equity and liabilities
Total equity and liabilities10/49€50k€163k▲
Equity10/15€6k€97k▲
Contributions10/11€20k€20k=
Reserves13€30k€52k▲
Distributable reserves133€30k€52k▲
Profit (loss) carried forward14€-44k€24k▲
Amounts payable17/49€44k€66k▲
Amounts payable after more than one year17€2k-
Financial debts170/4€2k-
Amounts payable within one year42/48€41k€66k▲
Current portion of amounts payable after more than one year42€3k€2k▼
Trade debts44€10k€27k▲
Suppliers440/4€10k€27k▲
Advances received on contracts in progress46€6k€2k▼
Taxes, remuneration and social security45€1k€34k▲
Taxes450/3€1k€34k▲
Other amounts payable47/48€21k-
Income statement
Code20232024
Non-recurring operating income76A-€230
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▲
Other operating charges640/8€4k€4k▲
Non-recurring operating charges66A€459€391▼
Gross operating margin9900€33k€131k▲
Operating profit (loss)9901€23k€121k▲
Financial income75/76B€10€960▲
Recurring financial income75€10€960▲
Financial charges65/66B€522€398▼
Recurring financial charges65€522€398▼
Profit (loss) for the period before taxes9903€22k€121k▲
Income taxes67/77€276€31k▲
Profit (loss) for the period9904€22k€91k▲
Profit (loss) for the period to be appropriated9905€22k€91k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-44k€47k▲
Profit (loss) brought forward from the previous period14P€-66k€-44k▲
Transfer to equity691/2-€23k
To other reserves6921-€23k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
05-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 97 days late
2024
31-12
Financial
Highest result since 2018net €91k ▲310%
Operating result €121k, net result €91k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.36
Current ratio from 0.98 to 2.36.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 87 days late
2021
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Lessines · 1 establishment unit since 1984
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.
Zoning ouest(L) 2B7860 LessinesGround area
6,938 m²
Building footprint
1,253 m²
Parcel 55023C0376/00F000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Zoning ouest(L) 2B, 7860 Lessines
since 19842.037.510.932
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55023C0376/00F000 | Wallonia | 6,938 m² | 1 · 1,253 m² | - |
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
VITRERIE HEEREN
BE 1000.400.491
Verviers · Eq €97k
UBEJT CONSTRUCT
BE 0825.464.753
Sint-Genesius-Rode · Eq €98k
SKY GLASS
BE 0832.162.505
Sint-Niklaas · Eq €94k
DI CARA
BE 0544.483.566
Ham-sur-Heure-Nalinnes · Eq €100k
V.Design
BE 0795.342.293
Heusden-Zolder · Eq €101k
Of 489 companies in sector 43343 we hold annual accounts for 294. 242 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-12-1983
Fiscal year end31-12
Abbreviation FR
G.S.I.
Activities, NACEBEL
43343Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.