GLASSROOTS
ActiveSummary
The annual accounts of GLASSROOTS for fiscal year 2026 show a net loss of 95% of the equity at the start of that year. The 2026 annual accounts show equity of €1,691 and a net result of -€30,615. Equity is shrinking by ~14.4% per year across the filed fiscal years. Its solvency ranks better than 10% of 110 sector peers (fiscal year 2026). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).
Overview
What they do
Public relations and communication consultancy
NACE 73300NACE 70210
1 site
How big
€99,090total assets 2026
- Equity
- €1,691
- Loss
- -€30,615
Turnover not published (abridged schema)
Who decides
Accounts 137 d early0 of 2 deeds read
Why 43- Annual accounts: weaker financial profile- Persistent losses- Weak solvency vs sectorLatest accounts filed on timeShow the evidence
Checked score
Score 2026
Axes · tick = 2025
Profitability0▼-29
Solvency27▼-26
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.45 against 2.14 in 2025; short-term debt: 67.7% and cash: 82.7% of total assets), and 98.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
1.7%
Return on assets
-30.9%
Age of the figures
6 mo
raises risk · Persistent losses
Two consecutive loss-making years (2025 and 2026); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2026Net result per financial year
1920212223242526
2019 to 2026 · latest year -€30,615
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 110 sector peers (2026).
NBB · sector comparisonPosition among 110 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 16-06-2026, 137 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
137 d early
2025
137 d early
2024
104 d early
2023
137 d early
2022
136 d early
2021
122 d early
2020
155 d early
← 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 133 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 16 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-03-2027 close31-10-2027 deadline
- Annual accounts filedfiscal year 2026 · micro…
- Weakest financial yearnet -€30,615
- Annual accounts filedfiscal year 2025 · micro…
Financials
Fiscal year 2026Total assets €99,090Loss -€30,615Solvency 1.7%Liquidity 1.45
Total assets
€99,090▼ 15.5%
2019 - 2026
Net result
-€30,615▼ 707%
2019 - 2026
Equity
€1,691▼ 94.8%
2019 - 2026
Solvency
1.7%▼ 25.8pp
2019 - 2026
Financials · fiscal year 2026, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result€3,805€34,075▲ 796%€21,144▼ 37.9%-€1,607-€30,060▼ 1,770%
Net result€3,411within the sector's middle half€24,459within the sector's middle half▲ 617%€13,512within the sector's middle half▼ 44.8%-€3,795below the sector's middle half-€30,615▼ 707%
Equity€25,782within the sector's middle half▲ 15.2%€22,589within the sector's middle half▼ 12.4%€36,101within the sector's middle half▲ 59.8%€32,306within the sector's middle half▼ 10.5%€1,691▼ 94.8%
Total assets€91,938within the sector's middle half▲ 76.6%€135,461within the sector's middle half▲ 47.3%€251,467within the sector's middle half▲ 85.6%€117,289within the sector's middle half▼ 53.4%€99,090▼ 15.5%
Debt€66,156▲ 123%€112,871▲ 70.6%€215,366▲ 90.8%€84,983▼ 60.5%€97,399▲ 14.6%
Working capital€65,604within the sector's middle half▲ 95.1%€52,716within the sector's middle half▼ 19.6%€73,723within the sector's middle half▲ 39.9%€60,412within the sector's middle half▼ 18.1%€30,176▼ 50.0%
Solvency28.0%within the sector's middle half▼ 14.9pp16.7%below the sector's middle half▼ 11.4pp14.4%below the sector's middle half▼ 2.3pp27.5%within the sector's middle half▲ 13.2pp1.7%▼ 25.8pp
Current ratio3.49within the sector's middle half▲ 0.671.70within the sector's middle half▼ 1.791.43within the sector's middle half▼ 0.272.14within the sector's middle half▲ 0.711.45▼ 0.69
Return on assets (ROA)3.7%within the sector's middle half▲ 34.9pp18.1%within the sector's middle half▲ 14.3pp5.4%within the sector's middle half▼ 12.7pp-3.2%below the sector's middle half▼ 8.6pp-30.9%▼ 27.7pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €30,060 in 2026 against €1,607 in 2025; the loss grows and 2026 has the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €99,090
Fixed assets
€1,823 ▼ 51.1%
Current assets
€97,267 ▼ 14.3%
Equity and liabilities €99,090
Equity
€1,691 ▼ 94.8%
Debt
€97,399 ▲ 14.6%
Debt's share of the balance-sheet total rises from 72.5% to 98.3%. Equity is lower and debt is higher.
Key figures and ratios
Key figures and ratios
EBITDA
-€28,154▼
2025 · €1,306
Cash flow
-€28,709▼
2025 · -€881
Debt to equity
57.60▲
2025 · 2.63
Interest coverage
-98.96▼
2025 · 1.66
Debt ≤ 1 year
€67,091▲
2025 · €53,148
Income taxes
€280▼
2025 · €1,400
A ratio outside any meaningful range has been withheld (balance sheet total €99,090, equity €1,691).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 642 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
3.6%
went bankrupt
5.5%
stopped otherwise
90%
still going
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 642 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,545 | €2,840 | €2,914 | €1,906 | ▼ 34.6% |
| Other operating charges640/8 | €732 | €984 | €1,279 | €814 | €19,172 | ▲ 2,254% |
| Gross operating margin9900 | €4,537 | €36,603 | €25,262 | €2,121 | -€8,982 | ▼ 524% |
| Operating profit (loss)9901 | €3,805 | €34,075 | €21,144 | -€1,607 | -€30,060 | ▼ 1,770% |
| Financial income75/76B | €9 | €1 | €0 | €0 | €10 | - |
| Recurring financial income75 | €9 | €1 | €0 | €0 | €10 | - |
| Financial charges65/66B | €280 | €314 | €1,074 | €787 | €285 | ▼ 63.9% |
| Recurring financial charges65 | €280 | €314 | €1,074 | €787 | €285 | ▼ 63.9% |
| Profit (loss) for the period before taxes9903 | €3,534 | €33,762 | €20,070 | -€2,395 | -€30,335 | ▼ 1,167% |
| Income taxes67/77 | €123 | €9,303 | €6,558 | €1,400 | €280 | ▼ 80.0% |
| Profit (loss) for the period9904 | €3,411 | €24,459 | €13,512 | -€3,795 | -€30,615 | ▼ 707% |
| Profit (loss) for the period to be appropriated9905 | €3,411 | €24,459 | €13,512 | -€3,795 | -€30,615 | ▼ 707% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €91,938 | €135,461 | €251,467 | €117,289 | €99,090 | ▼ 15.5% |
| Fixed assets21/28 | - | €7,600 | €6,643 | €3,730 | €1,823 | ▼ 51.1% |
| Tangible fixed assets22/27 | - | €7,600 | €6,643 | €3,730 | €1,823 | ▼ 51.1% |
| Furniture and vehicles24 | - | €7,600 | €6,643 | €3,730 | €1,823 | ▼ 51.1% |
| Current assets29/58 | €91,938 | €127,861 | €244,823 | €113,560 | €97,267 | ▼ 14.3% |
| Amounts receivable within one year40/41 | €2,227 | €48,216 | €115,099 | €34,230 | €10,728 | ▼ 68.7% |
| Trade receivables40 | €0 | €48,216 | €114,583 | €24,079 | €4,028 | ▼ 83.3% |
| Other amounts receivable41 | €2,227 | €0 | €515 | €10,151 | €6,700 | ▼ 34.0% |
| Cash at bank and in hand54/58 | €88,400 | €77,713 | €125,082 | €71,527 | €81,910 | ▲ 14.5% |
| Deferred charges and accrued income490/1 | €1,311 | €1,932 | €4,643 | €7,802 | €4,629 | ▼ 40.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €91,938 | €135,461 | €251,467 | €117,289 | €99,090 | ▼ 15.5% |
| Equity10/15 | €25,782 | €22,589 | €36,101 | €32,306 | €1,691 | ▼ 94.8% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €41,344 | €16,389 | €29,901 | €29,677 | €29,677 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €39,484 | €14,529 | €29,901 | €29,677 | €29,677 | = |
| Profit (loss) carried forward14 | -€21,762 | €0 | €0 | -€3,571 | -€34,186 | ▼ 857% |
| Amounts payable17/49 | €66,156 | €112,871 | €215,366 | €84,983 | €97,399 | ▲ 14.6% |
| Amounts payable within one year42/48 | €26,334 | €75,146 | €171,100 | €53,148 | €67,091 | ▲ 26.2% |
| Financial debts43 | €1,440 | €75 | €823 | €225 | €144 | ▼ 35.7% |
| Credit institutions430/8 | €1,440 | €75 | €823 | €225 | €144 | ▼ 35.7% |
| Trade debts44 | €6,211 | €19,994 | €93,884 | €864 | €4,555 | ▲ 427% |
| Suppliers440/4 | €6,211 | €19,994 | €93,884 | €864 | €4,555 | ▲ 427% |
| Taxes, remuneration and social security45 | €1,857 | €4,981 | €31,091 | €900 | €4,194 | ▲ 366% |
| Taxes450/3 | - | €3,124 | €31,091 | €900 | €2,337 | ▲ 160% |
| Remuneration and social security454/9 | €1,857 | €1,857 | €0 | - | €1,857 | - |
| Other amounts payable47/48 | €16,826 | €50,096 | €45,302 | €51,159 | €58,198 | ▲ 13.8% |
| Accrued charges and deferred income492/3 | €39,822 | €37,726 | €44,266 | €31,835 | €30,308 | ▼ 4.8% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,411 | €24,459 | €13,512 | -€3,795 | -€30,615 | ▼ 707% |
| + Depreciation and write-downs630 | - | €1,545 | €2,840 | €2,914 | €1,906 | ▼ 34.6% |
| Operating cash flow (approximation) | €3,411 | €26,004 | €16,351 | -€881 | -€28,709 | ▼ 3,158% |
| Investment in fixed assets (approximation) | - | - | -€1,883 | €0 | €0 | - |
| Change in cash | - | -€10,687 | €47,369 | -€53,554 | €10,383 | ▲ 119% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
Multidisciplinair Eerstelijnscentrum Medisch Thuis
BE 0687.814.231
Laakdal · Eq €1,684
DNF
BE 0831.759.261
Lummen · Eq €1,701
FRH MANAGEMENT CONSULTING
BE 0669.937.626
Tervuren · Eq €1,715
THE CONNECTOR
BE 1009.998.543
Leuven · Eq €1,716
BLOMME EFFECTIVE
BE 0728.524.438
Wavre · Eq €1,716
Of 13,419 companies in this sector we hold annual accounts for 6,907. 1,214 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
14 eventsLatest 16-06-2026Next filing 31-10-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
16-06
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
31-03
Financial
Weakest financial yearnet -€30,615
Net result drops to -€30,615, the lowest in the series.
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Highest result since 2019net €24,459 ▲617%
Operating result €34,075, net result €24,459, both a record.
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Back to profitnet €3,411
Net result €3,411 after 2 loss-making years.
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
29-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Liquidity doublescurrent ratio 6.69
Current ratio from 2.68 to 6.69; short-term debt falls from €28,255 to €12,632.
2019
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Company details
Private limited company · founded 12-01-2016Year ends 31-03Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded12-01-2016
Fiscal year end31-03
Activities, NACEBEL 2025
73300Public relations and communication consultancy
62200Computer consultancy and computer facilities management
64210Activities of holding companies
68110Buying and selling of own real estate
70200Business and other management consultancy
73200Market research and public opinion polling
Contact
Website
www.glassroots.com
E-mail
cato.leonard@glassroots.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0645835304
Also
9925:BE0645835304
Registered
15-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Kontich · 1 establishment unit since 2016
Ground area
894 m²
Building footprint
134 m²
Parcel 11024B0145/00X000, Flanders. Linked by address, not a title deed.
1 establishment unit
GLASSROOTS
since 2016unit no. 2.250.304.681
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024B0145/00X000 | Flanders | 894 m² | 1 · 134 m² | - |
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.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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.