GLAZER

Active

Private limited companyfounded 20232 yrs activeLange Leemstraat 372D, 2018 Antwerpen, BelgiumKBO/BCE: BE 0805.845.910

The computed 12-month bankruptcy probability of GLAZER is 2.0% (moderate). The 2025 annual accounts show equity of €382k and a net result of €113k. Its solvency ranks better than 25% of 7673 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

63 / 100

Healthy▲ +15 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency36▲+13

Growth52

Stability82

Bankruptcy probability, 12 months

2.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €24k at 30 days only on tighter terms

Liquidity tight (current ratio 1.04 against 0.91 in 2024), and 76.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

23.9%

Return on assets

7.1%

Age of the figures

8 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 7673 sector peers (2025).

NBB · sector comparison

Position among 7673 sector peers

Solvency

better than 25%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 2 filings

Deviation from the deadline

2025

14 d late

2024

86 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

12-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity

€382k▲ 41.9%

2024 · €269k

2024: €269k

2024 → 2025

Total assets

€1.60M▲ 19.5%

2024 · €1.34M

2024: €1.34M

2024 → 2025

Net result

€113k▼ 56.5%

2024 · €259k

2024: €259k

2024 → 2025

Working capital

€27k

2024 · €-44k

2024: €-44k

2024 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Equity€269k-€382k▲ 41.9%

Operating result€174k-€107k▼ 38.4%

Net result€259k-€113k▼ 56.5%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 38% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €1.60M

57.5%

42.5%

Fixed assets €918k▲ 0.5%

Current assets €678k▲ 60.5%

Equity and liabilities €1.60M

23.9%

76.1%

Equity €382k▲ 41.9%

Debt €1.21M▲ 13.8%

The debt ratio falls from 79.9% to 76.1%: equity grows faster than debt.

Key figures and ratios

2025 value · change against 2024

EBITDA

€111k▼

2024 · €175k

Cash flow

€116k▼

2024 · €259k

Solvency

23.9%▲

2024 · 20.1%

Current ratio

1.04▲

2024 · 0.91

Quick ratio

1.04▲

2024 · 0.90

Debt / equity

3.18▼

2024 · 3.97

ROE

29.5%▼

2024 · 96.3%

ROA

7.1%▼

2024 · 19.4%

Interest coverage

2.96▼

2024 · 9.70

Debt

€1.21M▲

2024 · €1.07M

Debt ≤ 1 year

€651k▲

2024 · €466k

Debt > 1 year

€564k▼

2024 · €601k

Income taxes

€19k▼

2024 · €38k

Staff costs

€176k▲

2024 · €133k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€1.34M€1.60M▲

Fixed assets21/28€913k€918k▲

Intangible fixed assets21-€3k

Tangible fixed assets22/27€13k€15k▲

Plant, machinery and equipment23€6k€6k▲

Furniture and vehicles24€7k€9k▲

Financial fixed assets28€900k€900k=

Current assets29/58€422k€678k▲

Stocks and contracts in progress3€4k€4k=

Stocks30/36€4k€4k=

Amounts receivable within one year40/41€364k€598k▲

Trade receivables40€268k€473k▲

Other amounts receivable41€96k€124k▲

Cash at bank and in hand54/58€52k€69k▲

Deferred charges and accrued income490/1€2k€7k▲

Equity and liabilities

Total equity and liabilities10/49€1.34M€1.60M▲

Equity10/15€269k€382k▲

Contributions10/11€10k€10k=

Profit (loss) carried forward14€259k€372k▲

Amounts payable17/49€1.07M€1.21M▲

Amounts payable after more than one year17€601k€564k▼

Financial debts170/4€601k€564k▼

Amounts payable within one year42/48€466k€651k▲

Current portion of amounts payable after more than one year42€91k€71k▼

Financial debts43€60k€24k▼

Credit institutions430/8€60k€24k▼

Trade debts44€134k€169k▲

Suppliers440/4€134k€169k▲

Advances received on contracts in progress46€94k€134k▲

Taxes, remuneration and social security45€49k€68k▲

Taxes450/3€20k€11k▼

Remuneration and social security454/9€29k€56k▲

Other amounts payable47/48€37k€186k▲

Income statement Code20242025

Remuneration, social security and pensions62€133k€176k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€639€3k▲

Other operating charges640/8€5k€9k▲

Non-recurring operating charges66A-€7k

Gross operating margin9900€313k€304k▼

Operating profit (loss)9901€174k€107k▼

Financial income75/76B€140k€62k▼

Recurring financial income75€140k€62k▼

Financial charges65/66B€18k€37k▲

Recurring financial charges65€18k€37k▲

Profit (loss) for the period before taxes9903€297k€132k▼

Income taxes67/77€38k€19k▼

Profit (loss) for the period9904€259k€113k▼

Profit (loss) for the period to be appropriated9905€259k€113k▼

Appropriation of the result

Profit (loss) to be appropriated9906€259k€372k▲

Profit (loss) brought forward from the previous period14P-€259k

Social balance

Average headcount (FTE)90877.04.9▼

The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 2Filings 2

Next filing, fiscal year 2026, expected by 31-07-2027

2026

14-08

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 14 days late

2025

06-05

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

NBB filing

Directors · office · real estate

Directors

2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Antwerpen · 1 establishment unit since 2023

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Lange Leemstraat 372D2018 Antwerpen

Ground area

934 m²

Building footprint

934 m²

Volume, LiDAR

9,683 m³

Parcel 11806F1302/00C011, Flanders · tallest building 13.3 m, ±4 floors. Linked by address, not a title deed.

1 establishment unit

Lange Leemstraat 372D, 2018 Antwerpen

Specialised construction activities

since 20232.352.975.223

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11806F1302/00C011	Flanders	934 m²	1 · 934 m²	13.3 m · 4 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

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

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

Similar companies · same sector, comparable size

VISTATEC

BE 0713.890.801

Bilzen-Hoeselt · Eq €381k

DYNAMIZED TECHNOLOGIES

BE 0646.898.542

Braine-le-Château · Eq €381k

VERMANDEL-DIAS

BE 0459.783.760

Sint-Gillis-Waas · Eq €380k

Watermaal-Bosvoorde · Eq €384k

Of 4,058 companies in sector 43240 we hold annual accounts for 1,615. 1,087 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded14-09-2023

Fiscal year end31-12

Legal name NL REITZER IMMO

Activities, NACEBEL

43240Other construction installation

43299Specialised construction activities

43320Joinery installation

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.