Result
€160,402 ▲ 162%
The result rose in 2025 from €61,265 to €160,402.
GLASWERKEN BULTYNCK
Lifetime
2 annual accounts with figures on one time axisGross marginpeak €194,862 (2025)
€194,862▲ 120%
Resultpeak €160,402 (2025)
€160,402▲ 162%
Equitypeak €140,667 (2025)
€140,667▲ 100%
Debts
€431,632▲ 18.2%
Board4 names since 2023
4 directorsBUBU Jolie and 3 others
Documentsfilings and deeds
31-10-2025on the last day
2025micro format
Gross margin from €88,696 to €194,862Result from €61,265 to €160,402Equity from €70,265 to €140,667Debts from €365,063 to €431,632Investments €47,574Cash from €69,937 to €206,864
Key points
from the 2025 annual accountsTurnover
≈ €490,000 estimated
The micro format states no turnover.
Debts
€431,632 75% of the balance sheet
Financial debts 9%Suppliers 53%Taxes and wages 0%Other 38%
Of this, €391,015 falls due within a year.
Investments
€47,574 6.7 × depreciation
Green is investment, beige is depreciation.
Starting capital
€9,000 120 shares
Position in the sector
€160,402
Higher net result than 95% of companies in fabricated metal products. Sector median €12,095 · 2,334 companies.
2026 accounts not filed, 5 days past the deadline
Checked score
69
Healthy
Financially stronger than 68% of micro companies in fabricated metal products (NACE 25)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 3,708 companies (NACE 25, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.9%highest value
01-2025: 0.8%▼ -2.1 percentage points vs 12-2024
02-2025: 0.7%▼ -0.1 percentage points vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.8%▲ +0.1 percentage points vs 03-2025
05-2025: 0.8%● unchanged vs 04-2025
06-2025: 0.8%● unchanged vs 05-2025
07-2025: 0.8%● unchanged vs 06-2025
08-2025: 0.9%▲ +0.1 percentage points vs 07-2025
09-2025: 0.9%● unchanged vs 08-2025
10-2025: 0.9%● unchanged vs 09-2025
11-2025: 0.3%▼ -0.6 percentage points vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026lowest value
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.3%● unchanged vs 07-2026
09-2026: 0.4%▲ +0.1 percentage points vs 08-2026
10-2026: 0.6%▲ +0.2 percentage points vs 09-2026
11-2026: 0.8%▲ +0.2 percentage points vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Figures for financial year 2025 (filed on 31-10-2025)
Founded in 2023
lowers risk
Size: total assets €572,299
Liquidity: current ratio 1.32, cash €206,864
Calculation
The band follows from the bankruptcy probability. 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 25, micro). It does better than 27% of them on solvency, 58% on liquidity, 94% on profitability and 93% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-03-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,602 companies had the same profile as GLASWERKEN BULTYNCK has now. Each dot stands for 5 companies, two years later.
96.6%
were still trading
0.9%
stopped another way
2.3%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GLASWERKEN BULTYNCK itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,602 companies, not a prediction for GLASWERKEN BULTYNCK. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €9,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.32 (1.18 in 2024), below the usual 1.5. Short-term debt is 68.3% and cash 36.1% of total assets. 75.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2026
not filed
2025
on the day
2024
29 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 15 days after the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (1)
Board and ownership
- BULTYNCK Manolito Valère 40 sharesdeed of 20-04-2023
- BULTYNCK Joselito Valère 40 sharesdeed of 20-04-2023
- BULTYNCK Angelito Valère 40 sharesdeed of 20-04-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0800887824
Incorporation
Founding capital of €9,000, 120 shares · Founders: BULTYNCK Manolito Valère, BULTYNCK Joselito Valère and BULTYNCK Angelito Valère · Appointments: LOBU, BUBU JOLIE, EmLes-Glass and BULTYNCK Rony · published on 20-04-2023 · Gazette deed
First establishment
Kapellestraat 35, Zulte
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| GLASWERKEN BULTYNCK Zulte | €572,299 | €194,862 | 24.6% | - |
| VRANCKX RUDY CONSTRUCT Kampenhout | €589,730 | €168,457 | 37.0% | - |
| Waterpas.eu Zelzate | €470,213 | €133,068 | 22.9% | - |
| Lomar Construct Evergem | €842,529 | €250,073 | 33.3% | 1.3 |
| Vrommant Pittem | €566,107 | €238,312 | 75.1% | - |
| EFC CONSULT Charleroi | €700,452 | €256,609 | 20.5% | - |
| HEATREX INSTALLATIONS Wielsbeke | €693,122 | €269,313 | 10.9% | - |
These companies have the same main activity as GLASWERKEN BULTYNCK: manufacture of metal structures and parts of structures (NACE 25110). They are comparable in size and age: total assets between €470,000 and €843,000, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 18-04-2023Normal situation
- Activity
- Manufacture of metal structures and parts of structuresNACE 25110and 3 others
- Establishment unit
- 2.344.615.5069870 Zulte, since 18-04-2023
- Financial year end
- 31 March
- Peppol
- Reachable since 28-01-2026
Insights on GLASWERKEN BULTYNCK
GLASWERKEN BULTYNCK has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €140,667 and a net result of €160,402.
Its solvency ranks better than 29% of 2,334 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GLASWERKEN BULTYNCK
- What is the company number of GLASWERKEN BULTYNCK?
- The company number of GLASWERKEN BULTYNCK is 0800.887.824. The VAT number is the same number with BE in front: BE 0800.887.824.
- Where is GLASWERKEN BULTYNCK based?
- The registered office is at Kapellestraat 35, 9870 Zulte.Company details
- What does GLASWERKEN BULTYNCK do?
- According to the KBO register, the main activity is manufacture of metal structures and parts of structures (NACE 25110).
- What is the legal form of GLASWERKEN BULTYNCK?
- GLASWERKEN BULTYNCK is a private limited company (BV).
- When was GLASWERKEN BULTYNCK founded?
- GLASWERKEN BULTYNCK was founded on 18-04-2023.
- Is GLASWERKEN BULTYNCK still active?
- Yes, GLASWERKEN BULTYNCK is an active enterprise in the KBO register.
- What is the turnover of GLASWERKEN BULTYNCK?
- The turnover in financial year 2025 is ≈ €490,000. This figure is estimated from the gross margin of €194,862 and 2,216 comparable companies of the same size. It probably lies between €330,000 and €760,000. It is a rough estimate.Financials
- Is GLASWERKEN BULTYNCK profitable?
- In financial year 2025, GLASWERKEN BULTYNCK made a profit of €160,402.
- Where can I find the annual accounts of GLASWERKEN BULTYNCK?
- GLASWERKEN BULTYNCK filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
Next steps
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