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GLAVERPANE

Active
Public limited companyfounded 1989active for 37 yearsRue de la Glacerie,Moustier 167, 5190 Jemeppe-sur-Sambre, BelgiumKBO/BCE: BE 0437.816.230
Summary

GLAVERPANE has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15.5m and a net result of -€157,634. Equity has been stable since 2019 (±1.8% per year). Its solvency ranks better than 87% of 365 sector peers (NACE 23, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 21-06-1989 Normal situation
Activity
Manufacture of other non-metallic mineral products NACE 23110and 2 others
Establishment unit
2.121.497.292 5190 Jemeppe-sur-Sambre, since 28-08-1989
Financial year end
31 December
Peppol
Reachable since 25-09-2025

Board and ownership

Auditor
KPMG Réviseurs d'Entreprises SRL
Shareholders
  • AGC INCannual accounts 2025
  • AGC GLASS EUROPE· score 682025 annual accounts of AGC GLASS EUROPE

Financial position

94 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Turnover
€55.8m
▼ 28.6%
Loss
€157,634
Equity
€15.5m
▼ 1.0%
Total assets
€19.5m
▼ 59.7%
Score breakdownraises riskLiquidity: current ratio 3.33lowers riskFounded in 1989Legal form: public limited companySector: Manufacture of other non-metallic mineral products (NACE 23)Show the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 62% of medium-sized companies in non-metallic mineral products (NACE 23)
Financial strength · tick: 2024
Strong
Solvency 100+43
equity 79.2% of total assets
Liquidity 86+50
short-term debt 20.8%
Profitability 40-16
return on assets -0.8%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (52 companies, NACE 23, medium-sized)
Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025lowest value 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026highest value 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €1,450,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.33 (1.4 in 2024), above the usual 1.5. Short-term debt is 20.8% of total assets. 20.8% of the assets are financed with debt and provisions.
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 23, medium-sized). It does better than 95% of them on solvency, 99% on liquidity, 31% on profitability and 23% 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 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 3.33
NBB · annual accounts
lowers risk · Founded in 1989
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Legal form: public limited company
KBO
lowers risk · Sector: Manufacture of other non-metallic mineral products (NACE 23)
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-05-2026, 74 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
74 days early
2024
51 days early
2023
51 days early
2022
75 days early
2021
79 days early
2020
71 days early
2019
74 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 68 days before the deadline. In the sector (NACE 23), the median for financial year 2024 was 10 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: From profit to loss in 2025after a profit of €735,414 in 2024 -€157,634 View
  • Positive: Largest company by equity in Jemeppe-sur-Sambre, Manufacturing sectorin the Checked rankings No. 1 View
  • Board changedlatest change 11-08-2026 · 5 in office 2 joined · 1 left View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View

Recent changes

  1. · Gazette deed 2 directors appointed, 1 director resigning, 1 director reappointedAppointments: Davide Cappellino (daily management delegate) and Harold Cruysmans (director) · Reappointment: Daniel D'Hont (director) · Resignation: Yves Lecoq (director)
  2. · Gazette deed Amendment of the articles
  3. · Gazette deed Reappointment: Stefan Spengler (director)
All 21 events

Comparable companies

These companies have the same main activity as GLAVERPANE: manufacture of other non-metallic mineral products (NACE 23110). They are comparable in size and age: total assets between €3.9m and €20m, founded between 1969 and 1999.

CompanyTotal assetsTurnover
GLAVERPANE Jemeppe-sur-Sambre€19.5m€55.8m
AGC Fabrication Belgium Brugge€20.5m€55.6m
SEMFIX DIMITRY SEMEELEN Fernelmont€4.4m-
AGC Energypane Hannut€5.4m€7.9m
SOLITHERM Waregem€5.5m-
SAFETYGLASS Fleurus€5.0m€8.5m
A.S.E.-Brecht Brecht€3.9m-
Full comparison

Key facts about GLAVERPANE

What is the company number of GLAVERPANE?
The company number of GLAVERPANE is 0437.816.230. The VAT number is the same number with BE in front: BE 0437.816.230.
Where is GLAVERPANE based?
The registered office is at Rue de la Glacerie,Moustier 167, 5190 Jemeppe-sur-Sambre.Company details
What does GLAVERPANE do?
According to the KBO register, the main activity is manufacture of other non-metallic mineral products (NACE 23110).
What is the legal form of GLAVERPANE?
The legal form of GLAVERPANE is Public limited company (NV).
When was GLAVERPANE founded?
GLAVERPANE was founded on 21-06-1989.
Is GLAVERPANE still active?
Yes, GLAVERPANE is an active enterprise in the KBO register.
What is the turnover of GLAVERPANE?
The turnover of GLAVERPANE was €55.8m in financial year 2025, according to the filed annual accounts.Financials
Is GLAVERPANE profitable?
In financial year 2025, GLAVERPANE made a loss of €157,634.
Where can I find the annual accounts of GLAVERPANE?
GLAVERPANE filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of GLAVERPANE due?
GLAVERPANE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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