Active BE 0663.632.230Public limited company

GlassPRO

Chaussée Paul Houtart(H-G) 160/1 ·7110 La Louvière, Belgium· 9 yrs active

Sector: NACE 28299 (28299)

Conclusion Checked

The computed 12-month bankruptcy probability of GlassPRO is 0.5% (low). The 2024 annual accounts show equity of €183k and a net result of €14k. Equity is shrinking by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 87% of 123 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Key figures

Equity	€183k
Net result	€14k
Better than sector	87%
Active	9 yrs

Snowflake analysis 5 axes · computed by Checked

77 / 100

Exceptional profile, strong across almost every axis.

Health 86

Profitability 39

Solvency 100

Growth 58

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.5% Low

0%0,5%1,5%4%10%≥25%

Lower-risk legal form −Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 3 signals

More than 3 years active

Founded in 2016, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.

Administratively compliant

No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags 0 events

No administrative flags

Health barometer FY 2024 · computed

86 / 100 Excellent

050100

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →

Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Financial overview8 NBB filings

Annual accounts filed on 26-06-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~5.1%/year over 7 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 28 · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	82.9%	45.1%	better than 87% of 123 sector peers
Net result	€14k	€8k	better than 60% of 123 sector peers
Equity	€183k	€50k	better than 86% of 123 sector peers
Gross operating margin	€37k	€38k	better than 50% of 123 sector peers
Total assets	€221k	€134k	better than 65% of 123 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€35k

-27.6% -48% vs sector

Net profit

€14k

-43.8% far above sector median

Cash flow

€24k

-31.5% -45% vs sector

Total assets

€221k

-12.5% -55% vs sector

Equity

€183k

+8.5% -3% vs sector

Working capital

€145k

+20.3% +118% vs sector

Employees (FTE)

0

-70.0% -90% vs sector

Staff costs

€4k

-87.0% -93% vs sector

Income taxes

€10k

-18.8% -35% vs sector

Dividends

€15k

0.0% 18-24

Debt

€38k

-54.9% -88% vs sector

Debt ≤ 1y

€38k

-54.9% -86% vs sector

Debt > 1y

€93k

-41.0% +74% vs sector

Current ratio

4.82

+98.1% +256% vs sector

Quick ratio

4.54

+96.8% +249% vs sector

Solvency

82.9%

+24.0% +98% vs sector

Debt / equity

0.21

-58.4% -85% vs sector

ROE

7.9%

-48.2% far above sector median

ROA

6.5%

-35.7% far above sector median

Interest coverage

134.29

+1365.5% far above sector median

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Revenue	-
EBITDA	€35k
Net profit	€14k
Cash flow	€24k
Staff costs	-
Income taxes	€10k
Dividends	-
Total assets	€221k
Equity	€183k
Debt	€38k
of which ≤ 1y	€38k
of which > 1y	-
Working capital	€145k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	4.82
Quick ratio	4.54
Working capital ratio	65.4%
Solvency	82.9%
Debt / equity	0.21
Long-term debt ratio	-
Interest coverage	134.29
Gross margin	-
Net margin	-
ROA	6.5%
ROE	7.9%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €39k · 17.5% Current assets €183k · 82.5%

Equity & liabilities

Equity €183k · 82.9% Debt €38k · 17.1%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€221k
Fixed assets	21/28	€39k
Intangible fixed assets	21	€39k
Current assets	29/58	€183k
Stocks & contracts in progress	3	€11k
Amounts receivable within one year	40/41	€52k
Cash & bank	54/58	€20k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€221k
Equity	10/15	€183k
Contributions / capital	10/11	€62k
Reserves	13	€29k
Accumulated profits (losses)	14	€93k
Amounts payable	17/49	€38k
Amounts payable within one year	42/48	€38k
Income statement
Gross operating margin	9900	€37k
Operating result	9901	€25k
Financial charges	65	€261
Result before taxes	9903	€25k
Income taxes	67/77	€10k
Net result for the period	9904	€14k
Result to be appropriated	9905	€14k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	28299
Legal form	Public limited company(014)
Incorporation	29-09-2016
Status	Active
Postal code	7110

Establishment units 1 location

GlassPRO

Chaussée Paul Houtart(H-A) 160, 7110 La LouvièreHandelsbemiddeling in de groothandel in machines, apparaten en werktuigen voor de industrie en in schepen en luchtvaartuigen

since 20162.258.238.786

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
55020C0159/00X002	Wallonia	319 m²	1 · 122 m²	10.3 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 10 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

26-06-2025

NBB filing Annual accounts filed

fiscal year 2024 · micro

2024

12-07-2024

NBB filing Annual accounts filed

fiscal year 2023 · micro

2023

10-07-2023

NBB filing Annual accounts filed

fiscal year 2022 · volledig

2022

06-12-2022

State Gazette act Capital & shares

Sébastien DUPUIS

19-09-2022

NBB filing Annual accounts filed

fiscal year 2021 · volledig

30-03-2022

State Gazette act Director changes

2021

20-07-2021

NBB filing Annual accounts filed

fiscal year 2020 · volledig

2020

30-10-2020

NBB filing Annual accounts filed

fiscal year 2019 · volledig

2019

05-09-2019

NBB filing Annual accounts filed

fiscal year 2018 · volledig

2018

03-07-2018

NBB filing Annual accounts filed

fiscal year 2017 · volledig

Belgisch Staatsblad, acts 2 acts

Capital history · 1

06-12-2022

Capital change

All acts · 2 updated 3 years ago

2022

06-12-2022 Capital decrease of €127,000 to €61,500 Capital & shares·Sébastien DUPUIS

€188.500 → €61.500

Notary: Sébastien DUPUIS · La Louvière

Original publication ↗

Technical details

{
  "events": [
    {
      "kind": "capital_decrease",
      "after_eur": 61500.0,
      "delta_eur": -127000.0,
      "before_eur": 188500.0,
      "subscribers": [
        {
          "kbo": null,
          "rrn": null,
          "kind": "person",
          "name": "Rapha\u00EBl MALVEZIN",
          "share_class": null,
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": 500,
          "contribution_amount_eur": 50000.0
        },
        {
          "kbo": null,
          "rrn": null,
          "kind": "person",
          "name": "Alexis PASZUKIEWICZ",
          "share_class": null,
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": 295,
          "contribution_amount_eur": 29500.0
        },
        {
          "kbo": null,
          "rrn": null,
          "kind": "person",
          "name": "Yannik RUFFEL",
          "share_class": null,
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": 295,
          "contribution_amount_eur": 29500.0
        },
        {
          "kbo": null,
          "rrn": null,
          "kind": "person",
          "name": "David CUVELIER",
          "share_class": null,
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": 795,
          "contribution_amount_eur": 79500.0
        }
      ],
      "share_emission": {
        "agio_eur": null,
        "share_form": null,
        "share_class": null,
        "n_new_shares": null,
        "with_new_shares": false,
        "nominal_value_eur": null,
        "issue_price_per_share_eur": null
      },
      "decrease_purpose": "loss_absorption",
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": 1885,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": "convert_to_apports_non_appeles"
    },
    {
      "kind": "share_transfer",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "subscribers": [
        {
          "kbo": null,
          "rrn": null,
          "kind": "person",
          "name": "Rapha\u00EBl Malvezin",
          "share_class": null,
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": null,
          "contribution_amount_eur": null
        },
        {
          "kbo": null,
          "rrn": null,
          "kind": "person",
          "name": "Werner Paszukiewicz",
          "share_class": null,
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": null,
          "contribution_amount_eur": null
        }
      ],
      "share_emission": {
        "agio_eur": null,
        "share_form": null,
        "share_class": null,
        "n_new_shares": null,
        "with_new_shares": false,
        "nominal_value_eur": null,
        "issue_price_per_share_eur": null
      },
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    },
    {
      "kind": "share_buyback",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "subscribers": [
        {
          "kbo": null,
          "rrn": null,
          "kind": "person",
          "name": "Rapha\u00EBl Malvezin",
          "share_class": null,
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": null,
          "contribution_amount_eur": null
        },
        {
          "kbo": null,
          "rrn": null,
          "kind": "person",
          "name": "Alexis Paszukiewicz",
          "share_class": null,
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": null,
          "contribution_amount_eur": null
        }
      ],
      "share_emission": {
        "agio_eur": null,
        "share_form": null,
        "share_class": null,
        "n_new_shares": null,
        "with_new_shares": false,
        "nominal_value_eur": null,
        "issue_price_per_share_eur": null
      },
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    }
  ],
  "notary": {
    "name": "S\u00E9bastien DUPUIS",
    "firm_city": null,
    "firm_name": null,
    "office_city": "La Louvi\u00E8re",
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2022-12-06",
    "filing_date": "2022-12-02",
    "act_kind_objet": "Objet de l\u0027acte : DEMISSIONS, NOMINATIONS, CAPITAL, ACTIONS"
  },
  "decision": {
    "body": "assembl\u00E9e_generale_extraordinaire",
    "act_date": "2022-12-01",
    "unanimous": true,
    "under_authorized_capital": false,
    "underlying_resolution_date": null
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0663.632.230",
    "name_full": "GlassPRO",
    "legal_form": "Soci\u00E9t\u00E9 anonyme",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "Rapha\u00EBl Malvezin",
      "role": null,
      "n_shares": null,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "Alexis Paszukiewicz",
      "role": null,
      "n_shares": null,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "Yannik Ruffel",
      "role": null,
      "n_shares": null,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "David Cuvelier",
      "role": null,
      "n_shares": null,
      "share_class": null
    }
  ],
  "share_classes_after": [
    {
      "n_shares": 615,
      "class_name": "Gewone Aandelen",
      "capital_share_eur": 61500.0,
      "voting_rights_per_share": 1.0
    }
  ]
}

30-03-2022 Pierre Dupont resigns as director Director changes

Pierre Dupont, Bestuurder

Original publication ↗

Technical details

{
  "events": [
    {
      "kind": "director_out",
      "role": "administrateur",
      "person": {
        "rrn": null,
        "name": "Pierre Dupont",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": "de_plein_droit_dissolution",
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2020-12-31",
      "evidence_quote": "La d\u00E9mission de M. Pierre Dupont de son mandat d\u0027administrateur est act\u00E9e avec effetau 31/12/2020.",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "fr",
    "pub_date": "2022-03-30",
    "filing_date": "2021-06-15",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2021-06-15",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0663.632.230",
    "name_full": "GlassPR",
    "legal_form": "SA",
    "_kbo_filled_from_list": true
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Rapha\u00EBl Malvezin",
    "org_rep_person_name": null,
    "person_role_at_subject": "Administrateur-d\u00E9l\u00E9gu\u00E9"
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}

Credit advice verdict per customer and amount

AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon

AI-generated from Checked data; indicative, not legal or investment advice.

Company registry (CBE) Crossroads Bank

Activities

Vervaardiging van andere machines en apparaten voor algemeen gebruik, n.e.g.28299Vervaardiging van overige machines en apparaten voor algemeen gebruik, neg28299Ingenieurs en aanverwante technische adviseurs, exclusief landmeters71121Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts71121

Primary activity highlighted.

Names & trade names

Legal nameFR

GlassPRO

Registered office

Chaussée Paul Houtart(H-G) 160/1

7110 La Louvière, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

Similar companies Same NACE

DEKOSTRUCT BE 0473.241.422 · Kortemark

IESERVICES BE 0764.296.157 · Erpe-Mere

The Roberts BE 0765.796.984 · Nieuwpoort

BRUSSELLE ENTERPRISES BE 0440.839.066 · Nieuwpoort

Neurogreen BE 0784.963.392 · Mons