GLCG Holding
ActiveGLCG Holding has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €598k and a net result of €148k. Equity is growing by ~25.1% per year across the filed fiscal years. Its solvency ranks better than 40% of 1994 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+7
Solvency62▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity short (current ratio 0.75 against 0.16 in 2024; short-term debt: 7.7% and cash: 5.8% of total assets), and 62.5% of the assets are financed with debt.
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← 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
37.5%
Return on assets
9.3%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
44 d early
2023
49 d early
2022
20 d early
2021
53 d early
2020
50 d early
2019
35 d early
← before the deadline
after the deadline →
neutral · 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 monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€148k▲ 221%
2024 · €46k
2018: €41k
2019: €38k
2020: €55k
2021: €50k
2022: €100k
2023: €62k
2024: €46k
2018 → 2025
Working capital
€-30k▲ 89.0%
2024 · €-278k
2018: €-196k
2019: €-175k
2020: €-122k
2021: €-119k
2022: €-79k
2023: €-69k
2024: €-278k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€269k-€368k▲ 37.0%€431k▲ 17.0%€477k▲ 10.7%€598k▲ 25.4%
Operating result€95k-€101k▲ 5.6%€109k▲ 8.4%€90k▼ 17.5%€247k▲ 174%
Net result€50k-€100k▲ 99.1%€62k▼ 37.3%€46k▼ 26.0%€148k▲ 221%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 174% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.60M
Fixed assets
€1.50M▼ 18.0%
Current assets
€93k▲ 74.7%
Equity and liabilities €1.60M
Equity
€598k▲ 25.4%
Provisions
€9k
Debt
€988k▼ 29.9%
The debt ratio falls from 74.7% to 61.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€275k▲
2024 · €152k
Cash flow
€177k▲
2024 · €108k
Solvency
37.5%▲
2024 · 25.3%
Current ratio
0.75▲
2024 · 0.16
Quick ratio
0.75▲
2024 · 0.16
Debt / equity
1.65▼
2024 · 2.95
ROE
24.8%▲
2024 · 9.7%
ROA
9.3%▲
2024 · 2.5%
Interest coverage
5.86▼
2024 · 6.85
Debt
€988k▼
2024 · €1.41M
Debt ≤ 1 year
€124k▼
2024 · €331k
Debt > 1 year
€854k▼
2024 · €1.06M
Income taxes
€52k▲
2024 · €22k
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€1.89M€1.60M▼
Fixed assets21/28€1.83M€1.50M▼
Tangible fixed assets22/27€1.63M€1.30M▼
Land and buildings22€1.63M€1.30M▼
Furniture and vehicles24€937€604▼
Financial fixed assets28€206k€206k=
Current assets29/58€53k€93k▲
Cash at bank and in hand54/58€53k€93k▲
Equity and liabilities
Total equity and liabilities10/49€1.89M€1.60M▼
Equity10/15€477k€598k▲
Contributions10/11€30k€30k=
Reserves13€440k€551k▲
Tax-exempt reserves132-€28k
Distributable reserves133€440k€523k▲
Profit (loss) carried forward14€7k€17k▲
Provisions and deferred taxes16-€9k
Deferred taxes168-€9k
Amounts payable17/49€1.41M€988k▼
Amounts payable after more than one year17€1.06M€854k▼
Financial debts170/4€1.06M€854k▼
Amounts payable within one year42/48€331k€124k▼
Current portion of amounts payable after more than one year42€136k€105k▼
Financial debts43€192k€7k▼
Credit institutions430/8€192k€7k▼
Trade debts44€1k€4k▲
Suppliers440/4€1k€4k▲
Taxes, remuneration and social security45€2k€7k▲
Taxes450/3€2k€7k▲
Accrued charges and deferred income492/3€14k€11k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€62k€28k▼
Other operating charges640/8€21k€33k▲
Gross operating margin9900€173k€308k▲
Operating profit (loss)9901€90k€247k▲
Financial income75/76B-€10k
Recurring financial income75-€10k
Financial charges65/66B€22k€47k▲
Recurring financial charges65€22k€47k▲
Profit (loss) for the period before taxes9903€68k€210k▲
Transfer from deferred taxes780-€342
Transfer to deferred taxes680-€10k
Income taxes67/77€22k€52k▲
Profit (loss) for the period9904€46k€148k▲
Transfer from tax-exempt reserves789-€1k
Transfer to tax-exempt reserves689-€29k
Profit (loss) for the period to be appropriated9905€46k€121k▲
Appropriation of the result
Profit (loss) to be appropriated9906€52k€127k▲
Profit (loss) brought forward from the previous period14P€6k€7k▲
Transfer from equity791/2-€27k
Transfer to equity691/2€45k€110k▲
To other reserves6921€45k€110k▲
Profit to be distributed694/7-€27k
Return on contributions (dividend)694-€27k
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €148k ▲221%
Operating result €247k, net result €148k, both a record.
31-12
Financial
Equity above €500kEq €598k ▲25.4%
8 profitable years in a row build equity to €598k.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €200kEq €219k ▲33.2%
3 profitable years in a row build equity to €219k.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €38k ▼8.9%
Net result drops to €38k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150kEq €164k ▲29.7%
2 profitable years in a row build equity to €164k.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Wavre · 1 establishment unit since 2012
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.
Avenue Pasteur 211300 WavreGround area
2,190 m²
Building footprint
548 m²
Volume, LiDAR
4,039 m³
Parcel 25112N0017/00N000, Wallonia · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GLCG HOLDING
since 20122.213.509.613
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25112N0017/00N000 | Wallonia | 2,190 m² | 1 · 548 m² | 8.3 m · 2 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.
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Of 2,264 companies in sector 71113 we hold annual accounts for 658. 333 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-10-2012
Fiscal year end31-12
Activities, NACEBEL
71113Urban planning and landscape architecture
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:c.goffard@ariesconsultants.be
Phone:010/430110
Phone:0475/903329