GLC Projects
ActiveSummary
GLC Projects has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €138,320 and a net result of €78,320. Its solvency ranks better than 59% of 14173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes
Profitability99
Solvency66
Growth-
Track record67
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.72; short-term debt: 58.2% and cash: 15% of total assets), but 58.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
41.1%
Return on assets
23.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 1 filingDeviation from the deadline
2025
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2025, micro schema
Turnover
€525,349
EBIT margin
21.4%
Net result
€78,320
Working capital
€140,123
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €336,740
Fixed assets
€718
Current assets
€336,022
Equity and liabilities €336,740
Equity
€138,320
Debt
€198,420
Debt finances 58.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€113,029
Cash flow
€78,989
Current ratio
1.72
Quick ratio
0.58
Debt to equity
1.43
ROE
56.6%
ROA
23.3%
Interest coverage
7.87
Debt ≤ 1 year
€195,900
Income taxes
€19,680
Annual accounts
| Line | 2025 |
|---|---|
| Turnover70 | €525,349 |
| Goods, raw materials, services and sundry goods60/61 | €632,728 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €668 |
| Other operating charges640/8 | €1,434 |
| Gross operating margin9900 | €114,463 |
| Operating profit (loss)9901 | €112,361 |
| Financial income75/76B | €1 |
| Recurring financial income75 | €1 |
| Financial charges65/66B | €14,361 |
| Recurring financial charges65 | €14,361 |
| Profit (loss) for the period before taxes9903 | €98,000 |
| Income taxes67/77 | €19,680 |
| Profit (loss) for the period9904 | €78,320 |
| Profit (loss) for the period to be appropriated9905 | €78,320 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €336,740 | |
| Fixed assets21/28 | €718 | |
| Tangible fixed assets22/27 | €718 | |
| Furniture and vehicles24 | €718 | |
| Current assets29/58 | €336,022 | |
| Stocks and contracts in progress3 | €221,710 | |
| Contracts in progress37 | €221,710 | |
| Amounts receivable within one year40/41 | €63,839 | |
| Trade receivables40 | €63,644 | |
| Other amounts receivable41 | €195 | |
| Cash at bank and in hand54/58 | €50,474 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €336,740 | |
| Equity10/15 | €138,320 | |
| Contributions10/11 | €60,000 | |
| Reserves13 | €78,320 | |
| Distributable reserves133 | €78,320 | |
| Amounts payable17/49 | €198,420 | |
| Amounts payable within one year42/48 | €195,900 | |
| Financial debts43 | €140,000 | |
| Credit institutions430/8 | €140,000 | |
| Trade debts44 | €13,972 | |
| Suppliers440/4 | €13,972 | |
| Taxes, remuneration and social security45 | €19,680 | |
| Taxes450/3 | €19,680 | |
| Other amounts payable47/48 | €22,248 | |
| Accrued charges and deferred income492/3 | €2,520 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €78,320 |
| + Depreciation and write-downs630 | €668 |
| Operating cash flow (approximation) | €78,989 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Lubbeek · 1 establishment unit since 2024
Ground area
576 m²
Building footprint
124 m²
Volume, LiDAR
558 m³
Parcel 24090D0096/00X002, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GLC Projects
since 20242.361.546.855
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24090D0096/00X002 | Flanders | 576 m² | 1 · 124 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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
SEA PROJECTS
BE 0819.199.840
Pajottegem · Eq €138,131
PONT COURBE DÉVELOPPEMENT
BE 0768.266.130
La Hulpe · Eq €138,660
FITEN PROJECTS
BE 0681.498.046
Knokke-Heist · Eq €137,901
B-GREEN
BE 0555.693.303
Pittem · Eq €137,748
IMMO KREMAN
BE 0894.336.634
Namur · Eq €138,976
Of 7,326 companies in sector 68110 we hold annual accounts for 5,384. 3,806 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-06-2024
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.