GlassIT
ActiveSummary
GlassIT has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €39k and a net result of €37k. Its solvency ranks better than 55% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes
Profitability100
Solvency92
Growth-
Track record67
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 2.84; short-term debt: 32.9% and cash: 74.3% of total assets), and 32.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-06-2025, 59 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2024
59 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€39k
Total assets
€58k
Net result
€37k
Working capital
€35k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €58k
Fixed assets
€4k
Current assets
€54k
Equity and liabilities €58k
Equity
€39k
Debt
€19k
Debt finances 32.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€47k
Cash flow
€37k
Current ratio
2.84
Debt to equity
0.49
ROE
93.6%
ROA
62.8%
Interest coverage
100.90
Debt ≤ 1 year
€19k
Income taxes
€10k
Filed annual accounts As filed with the NBB · 2024 · 33 lines
Balance sheet
Code2024
Assets
Total assets20/58€58k
Fixed assets21/28€4k
Tangible fixed assets22/27€4k
Furniture and vehicles24€4k
Current assets29/58€54k
Amounts receivable within one year40/41€9k
Trade receivables40€9k
Cash at bank and in hand54/58€43k
Deferred charges and accrued income490/1€2k
Equity and liabilities
Total equity and liabilities10/49€58k
Equity10/15€39k
Contributions10/11€3k
Profit (loss) carried forward14€37k
Amounts payable17/49€19k
Amounts payable within one year42/48€19k
Trade debts44€821
Suppliers440/4€821
Taxes, remuneration and social security45€18k
Taxes450/3€18k
Other amounts payable47/48€795
Income statement
Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€670
Other operating charges640/8€564
Gross operating margin9900€48k
Operating profit (loss)9901€47k
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€469
Recurring financial charges65€469
Profit (loss) for the period before taxes9903€46k
Income taxes67/77€10k
Profit (loss) for the period9904€37k
Profit (loss) for the period to be appropriated9905€37k
Appropriation of the result
Profit (loss) to be appropriated9906€37k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €670 |
| Other operating charges640/8 | €564 |
| Gross operating margin9900 | €48k |
| Operating profit (loss)9901 | €47k |
| Financial income75/76B | €0 |
| Recurring financial income75 | €0 |
| Financial charges65/66B | €469 |
| Recurring financial charges65 | €469 |
| Profit (loss) for the period before taxes9903 | €46k |
| Income taxes67/77 | €10k |
| Profit (loss) for the period9904 | €37k |
| Profit (loss) for the period to be appropriated9905 | €37k |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €58k | |
| Fixed assets21/28 | €4k | |
| Tangible fixed assets22/27 | €4k | |
| Furniture and vehicles24 | €4k | |
| Current assets29/58 | €54k | |
| Amounts receivable within one year40/41 | €9k | |
| Trade receivables40 | €9k | |
| Cash at bank and in hand54/58 | €43k | |
| Deferred charges and accrued income490/1 | €2k | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €58k | |
| Equity10/15 | €39k | |
| Contributions10/11 | €3k | |
| Profit (loss) carried forward14 | €37k | |
| Amounts payable17/49 | €19k | |
| Amounts payable within one year42/48 | €19k | |
| Trade debts44 | €821 | |
| Suppliers440/4 | €821 | |
| Taxes, remuneration and social security45 | €18k | |
| Taxes450/3 | €18k | |
| Other amounts payable47/48 | €795 | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | €37k |
| + Depreciation and write-downs630 | €670 |
| Operating cash flow (approximation) | €37k |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Ninove · 1 establishment unit since 2024
Ground area
331 m²
Building footprint
118 m²
Volume, LiDAR
742 m³
Parcel 41055B0630/00L000, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GlassIT
since 20242.358.426.029
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41055B0630/00L000 | Flanders | 331 m² | 1 · 118 m² | 10.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 14,955 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-04-2024
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
62100Computer programming
63100Computing infrastructure, data processing, hosting and related activities
70200Business and other management consultancy
74120Graphic design and visual communication
Scores and ratios are computed by Checked and are not a credit decision.