Checked.be
Active
BE 0806.633.786Private limited company
GLAZNOST
Velduilstraat 20 ·2100 Antwerpen, Belgium· 17 yrs active
Sector: Media representation
(73120)
Conclusion
GLAZNOST has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €269k and a net result of €37k. Equity is growing by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 82% of 854 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €269k |
| Net result | €37k |
| Better than sector | 82% |
| Active | 17 yrs |
Financial profile
90
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
100
Profitability
70
Solvency
100
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2008, 17 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
100
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€25k
estimate, not credit advice
Score history
86
2022
100
2023
52
2024
100
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 5.83 (≥ 1.5)
+10
Quick ratio
Quick ratio 5.83 (≥ 1.0)
+5
Leverage
Debt/equity 0.19 (< 1.0)
+10
Profitability
ROE 14% (≥ 10%)
+10
Interest coverage
Interest coverage 917.6× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 28-08-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~4.1%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 73, Advertising, market research and public relations activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 84.2% | 56.9% | |
| Net result | €37k | €27k | |
| Equity | €269k | €53k | |
| Gross operating margin | €63k | €50k | |
| Staff costs | €930 | €35k |
€60k
-
22-25
€37k
-
22-25
€47k
-
22-25
€320k
-4.7%
22-25
€269k
+16.2%
22-25
€245k
+22.9%
22-25
€930
-
22-25
€13k
+2642.7%
22-25
€108k
-
22-25
€51k
-51.2%
22-25
€51k
-51.2%
22-25
€8k
-
22-25
5.83
+99.9%
22-25
5.83
+99.9%
22-25
84.2%
+21.9%
22-25
0.19
-58.0%
22-25
13.9%
-
22-25
11.7%
-
22-25
917.57
-
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €60k | €-14k | €39k | €32k |
| Net profit | €37k | €-24k | €27k | €13k |
| Cash flow | €47k | €-15k | €31k | €25k |
| Staff costs | €930 | - | - | - |
| Income taxes | €13k | €488 | €8k | €9k |
| Dividends | - | - | - | €108k |
| Total assets | €320k | €336k | €320k | €315k |
| Equity | €269k | €232k | €256k | €229k |
| Debt | €51k | €104k | €64k | €86k |
| of which ≤ 1y | €51k | €104k | €64k | €78k |
| of which > 1y | - | - | - | €8k |
| Working capital | €245k | €199k | €214k | €208k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 5.83 | 2.92 | 4.34 | 3.66 |
| Quick ratio | 5.83 | 2.92 | 4.34 | 3.66 |
| Working capital ratio | 76.6% | 59.4% | 67.0% | 66.0% |
| Solvency | 84.2% | 69.0% | 79.9% | 72.7% |
| Debt / equity | 0.19 | 0.45 | 0.25 | 0.38 |
| Long-term debt ratio | - | - | - | 0.03 |
| Interest coverage | 917.57 | -54.84 | 96.82 | 69.83 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 11.7% | -7.1% | 8.3% | 4.2% |
| ROE | 13.9% | -10.3% | 10.4% | 5.7% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €320k | €336k | €320k | €315k |
| Fixed assets | 21/28 | €24k | €32k | €41k | €29k |
| Tangible fixed assets | 22/27 | €24k | €32k | €41k | €29k |
| Current assets | 29/58 | €296k | €303k | €278k | €286k |
| Amounts receivable within one year | 40/41 | €125k | €168k | €91k | €94k |
| Cash & bank | 54/58 | €170k | €135k | €185k | €191k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €320k | €336k | €320k | €315k |
| Equity | 10/15 | €269k | €232k | €256k | €229k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k |
| Reserves | 13 | €263k | €249k | €249k | €223k |
| Accumulated profits (losses) | 14 | €0 | €-24k | - | - |
| Amounts payable | 17/49 | €51k | €104k | €64k | €86k |
| Amounts payable after one year | 17 | - | - | - | €8k |
| Amounts payable within one year | 42/48 | €51k | €104k | €64k | €78k |
| Trade debts payable within one year | 44 | €15k | €73k | €9k | €4k |
| Income statement | |||||
| Gross operating margin | 9900 | €63k | €-12k | €62k | €35k |
| Operating result | 9901 | €51k | €-23k | €35k | €21k |
| Financial income | 75 | €0 | - | - | €1k |
| Financial charges | 65 | €66 | €255 | €408 | €464 |
| Result before taxes | 9903 | €51k | €-23k | €35k | €22k |
| Income taxes | 67/77 | €13k | €488 | €8k | €9k |
| Net result for the period | 9904 | €37k | €-24k | €27k | €13k |
| Result to be appropriated | 9905 | €37k | €-24k | €27k | €13k |
Legal Structure
| NACE primary | Media representation(73120) |
| Legal form | Private limited company(610) |
| Incorporation | 15-09-2008 |
| Status | Active |
| Postal code | 2100 |
Establishment units
Velduilstraat 20, 2100 Antwerpen
since 20082.173.504.041
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11344A0408/00C000 | Flanders | 537 m² | 1 · 130 m² | 30.0 m · 3 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Back to profitnet €37k
Net result €37k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-24k ▼190%
Net result drops to €-24k, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Media representation73120Activities of head offices; management consultancy activities70210Advertising agencies73110Public relations and communication consultancy73300
Names & trade names
| Legal nameNL | GLAZNOST |
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