Equity
-€57,657
Debts exceed assets in financial year 2025.
GLAWAV
Lifetime
7 annual accounts with figures on one time axispeak €183,045 (2025)
€183,045▲ 119%
lowest -€97,822 (2019)
€29,751▲ 40×
peak -€57,657 (2025)
-€57,657▲ €29,751
€221,857▼ 11.4%
peak 2.7 FTE (2019)
2.5 FTE▲ 92.3%
Board6 names since 2019
3 directors and 2 others
Owners3 names in the annual accounts
100%
Documentsfilings and deeds
22-07-20269 days before the deadline
2025abbreviated format
Gross margin from €83,594 to €183,045Result from €750 to €29,751Staff from 1.3 FTE to 2.5 FTEEquity from -€87,408 to -€57,657Cash from €94,657 to €19,407
Key points
from the 2025 annual accountsDebts
€221,857 135% of the balance sheet
Financial debts 0%Suppliers 6%Taxes and wages 7%Other 88%
Of this, €27,628 falls due within a year.
Staff
3 employees on 31-12-2025
In 2025, 604 short contracts started and 602 ended, on average 9 hours worked per contract. Staff averaged 2.5 full-time equivalents.
Liquidity
5.74 was 1.99 in 2024
Short-term debts fell from €76,185 to €27,628.
Filings
7 annual accounts since 2019
The last five annual accounts were filed 6 to 35 days before the end of the period.
Position in the sector
-35.1%
Lower solvency than 94% of companies in retail trade. Sector median 36.9% · 13,234 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,180 companies had the same profile as GLAWAV has now. Each dot stands for 6 companies, two years later.
88.8%
were still trading
5.8%
stopped another way
4.8%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 2,180 companies, not a prediction for GLAWAV. 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
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Signals
Board and ownership
Director, since 01-07-2024
Director, since 01-07-2024
Director, since 01-07-2024
- 100%equity €1.1m (2025) · 2025 annual accounts of
- 50%annual accounts 2023
- 50%annual accounts 2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0722599520
3 directors appointed, 2 resignations
Resignations: and · Permanent representatives: and · Appointments: , and · General meeting of 01-07-2024 · Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointments
Appointments: (director) and (director) · Permanent representatives: and · General meeting of 28-12-2023 · Gazette deed
Incorporation
Founding capital of €25,000, 250 shares · Founders: (les fondateurs) and (les fondateurs) · Appointments: (manager) and (manager) · published on 13-03-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GLAWAV Wavre | €164,200 | €183,045 | -35.1% | 2.5 |
| GLACARWAT Waterloo | €217,099 | €165,602 | 9.8% | 3.2 |
| Sevel Esneux | €193,263 | €118,834 | 37.4% | 2.3 |
| Cidanal Mechelen | €205,987 | €290,238 | 29.7% | 2.5 |
| DISTRIRAV Brussels | €167,190 | €210,314 | -1.2% | 3.6 |
| FERME DE REUMONT Namur | €279,987 | €190,952 | 55.2% | 3 |
| CHEZ NICOLE Geer | €153,929 | €84,100 | -96.1% | 2.7 |
These companies have the same main activity as GLAWAV: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €154,000 and €280,000, founded between 2018 and 2020.
Official details
Source: KBO- Status
- Active since 11-03-2019Normal situation
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110and 1 other
- Joint committee
- 302Hotels and catering · annual accounts 2025
- Establishment unit
- 2.287.255.7431300 Wavre, since 11-03-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 29-04-2025
Annual accounts 2025
- ≈ €1.6mestimated
- €164,200▲ 0.8%
- Employeeson 31-12-2025
- 3▼ 66.7%
- Filing
- Filed on 22-07-2026, 9 days before the end of the filing period
Insights on GLAWAV
GLAWAV files the abbreviated format. That format states no turnover. The gross margin rose from €8,154 in 2019 to €183,045 in 2025.
holds all the shares.
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 GLAWAV
- What is the company number of GLAWAV?
- The company number of GLAWAV is 0722.599.520. The VAT number is the same number with BE in front: BE 0722.599.520.
- Where is GLAWAV based?
- The registered office is at Rue du Commerce 1, 1300 Wavre.Company details
- What does GLAWAV do?
- According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
- What is the legal form of GLAWAV?
- GLAWAV is a private limited company (BV).
- When was GLAWAV founded?
- GLAWAV was founded on 11-03-2019.
- Is GLAWAV still active?
- Yes, GLAWAV is an active enterprise in the KBO register.
- How many employees does GLAWAV have?
- GLAWAV had an average of 2.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does GLAWAV fall under?
- In its 2025 annual accounts, GLAWAV states joint committee 302 (Hotels and catering).
- What is the turnover of GLAWAV?
- The turnover in financial year 2025 is ≈ €1.6m. This figure is estimated from the gross margin of €183,045 and 32 comparable companies (NACE 47110). It probably lies between €1.2m and €2.2m.
- Is GLAWAV profitable?
- In financial year 2025, GLAWAV made a profit of €29,751.
- Where can I find the annual accounts of GLAWAV?
- GLAWAV filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GLAWAV due?
- GLAWAV must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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