Glem
ActiveSummary
The computed 12-month bankruptcy probability of Glem is 4.4% (elevated). The 2025 annual accounts show equity of €34k and a net result of €8k. Equity is growing by ~62.6% per year across the filed fiscal years. Its solvency ranks better than 31% of 18936 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-7
Solvency34▲+4
Growth78=
Track record94
Bankruptcy probability, 12 months
4.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity short (current ratio 0.39 against 0.39 in 2024; short-term debt: 33.6% and cash: 3.6% of total assets), and 91.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
8.7%
Return on assets
2.2%
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 24-09-2026, 55 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 · 4 filingsDeviation from the deadline
2025
55 d late
2024
60 d late
2023
26 d late
2022
3 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€34k▲ 33.0%
2024 · €26k
2022: €2k
2023: €-10k▼ -539% vs 2022lowest in 4 years
2024: €26k▲ +357% vs 2023
2025: €34k▲ +33.0% vs 2024highest in 4 years
2022 → 2025
Total assets
€394k▼ 18.4%
2024 · €483k
2022: €15klowest in 4 years
2023: €115k▲ +674% vs 2022
2024: €483k▲ +322% vs 2023highest in 4 years
2025: €394k▼ -18.4% vs 2024
2022 → 2025
Net result
€8k▼ 76.3%
2024 · €36k
2022: €1k
2023: €-12k▼ -1235% vs 2022lowest in 4 years
2024: €36k▲ +391% vs 2023highest in 4 years
2025: €8k▼ -76.3% vs 2024
2022 → 2025
Working capital
€-81k▲ 17.6%
2024 · €-98k
2022: €-7khighest in 4 years
2023: €-71k▼ -935% vs 2022
2024: €-98k▼ -38.3% vs 2023lowest in 4 years
2025: €-81k▲ +17.6% vs 2024
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€2k-€-10k€26k€34k▲ 33.0%
2022: €2k
2023: €-10k▼ -539% vs 2022lowest in 4 years
2024: €26k▲ +357% vs 2023
2025: €34k▲ +33.0% vs 2024highest in 4 years
Operating result€1k-€-6k€48k€25k▼ 48.3%
2022: €1k
2023: €-6k▼ -660% vs 2022lowest in 4 years
2024: €48k▲ +853% vs 2023highest in 4 years
2025: €25k▼ -48.3% vs 2024
Net result€1k-€-12k€36k€8k▼ 76.3%
2022: €1k
2023: €-12k▼ -1235% vs 2022lowest in 4 years
2024: €36k▲ +391% vs 2023highest in 4 years
2025: €8k▼ -76.3% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 48% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €394k
Fixed assets
€342k ▼ 18.4%
Current assets
€52k ▼ 18.7%
Equity and liabilities €394k
Equity
€34k ▲ 33.0%
Debt
€360k ▼ 21.3%
Debt's share of the balance-sheet total falls from 94.7% to 91.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€114k▲
2024 · €114k
Cash flow
€98k▼
2024 · €102k
Current ratio
0.39▼
2024 · 0.39
Quick ratio
0.35▼
2024 · 0.39
Debt to equity
10.51▼
2024 · 17.76
ROE
24.8%▼
2024 · 138.9%
ROA
2.2%▼
2024 · 7.4%
Interest coverage
8.03▼
2024 · 9.39
Debt ≤ 1 year
€132k▼
2024 · €161k
Debt > 1 year
€227k▼
2024 · €296k
Income taxes
€2k
Staff costs
€65k▲
2024 · €37k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€483k€394k▼
Fixed assets21/28€420k€342k▼
Tangible fixed assets22/27€420k€342k▼
Land and buildings22€70k€62k▼
Plant, machinery and equipment23€212k€170k▼
Furniture and vehicles24€37k€31k▼
Other tangible fixed assets26€101k€79k▼
Current assets29/58€64k€52k▼
Stocks and contracts in progress3-€5k
Stocks30/36-€5k
Amounts receivable within one year40/41€11k€32k▲
Trade receivables40€6k€32k▲
Other amounts receivable41€5k€42▼
Cash at bank and in hand54/58€29k€14k▼
Deferred charges and accrued income490/1€23k-
Equity and liabilities
Total equity and liabilities10/49€483k€394k▼
Equity10/15€26k€34k▲
Contributions10/11€1k€1k=
Reserves13€25k€33k▲
Distributable reserves133€25k€33k▲
Amounts payable17/49€457k€360k▼
Amounts payable after more than one year17€296k€227k▼
Financial debts170/4€296k€227k▼
Amounts payable within one year42/48€161k€132k▼
Current portion of amounts payable after more than one year42€24k€50k▲
Trade debts44€38k€15k▼
Suppliers440/4€38k€15k▼
Taxes, remuneration and social security45€2k€14k▲
Taxes450/3€938€14k▲
Remuneration and social security454/9€1k€107▼
Other amounts payable47/48€98k€53k▼
Income statement
Code20242025
Non-recurring operating income76A€3k-
Remuneration, social security and pensions62€37k€65k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€66k€89k▲
Other operating charges640/8€3k€6k▲
Gross operating margin9900€154k€185k▲
Operating profit (loss)9901€48k€25k▼
Financial income75/76B€2€29▲
Recurring financial income75€2€29▲
Financial charges65/66B€12k€14k▲
Recurring financial charges65€12k€14k▲
Profit (loss) for the period before taxes9903€36k€11k▼
Income taxes67/77-€2k
Profit (loss) for the period9904€36k€8k▼
Profit (loss) for the period to be appropriated9905€36k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€23k€8k▼
Profit (loss) brought forward from the previous period14P€-12k-
Transfer to equity691/2€23k€8k▼
To other reserves6921€23k€8k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €3k | - | - |
| Remuneration, social security and pensions62 | €5k | €5k | €37k | €65k | ▲ 77.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €742 | - | €66k | €89k | ▲ 35.6% |
| Other operating charges640/8 | €2k | €3k | €3k | €6k | ▲ 103% |
| Gross operating margin9900 | €9k | €1k | €154k | €185k | ▲ 20.7% |
| Operating profit (loss)9901 | €1k | €-6k | €48k | €25k | ▼ 48.3% |
| Financial income75/76B | - | €91 | €2 | €29 | ▲ 1,542% |
| Recurring financial income75 | - | €91 | €2 | €29 | ▲ 1,542% |
| Financial charges65/66B | €53 | €6k | €12k | €14k | ▲ 17.3% |
| Recurring financial charges65 | €53 | €6k | €12k | €14k | ▲ 17.3% |
| Profit (loss) for the period before taxes9903 | €1k | €-12k | €36k | €11k | ▼ 70.5% |
| Income taxes67/77 | - | - | - | €2k | - |
| Profit (loss) for the period9904 | €1k | €-12k | €36k | €8k | ▼ 76.3% |
| Profit (loss) for the period to be appropriated9905 | €1k | €-12k | €36k | €8k | ▼ 76.3% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €15k | €115k | €483k | €394k | ▼ 18.4% |
| Fixed assets21/28 | €13k | €108k | €420k | €342k | ▼ 18.4% |
| Tangible fixed assets22/27 | €13k | €108k | €420k | €342k | ▼ 18.4% |
| Land and buildings22 | €13k | €104k | €70k | €62k | ▼ 10.9% |
| Plant, machinery and equipment23 | - | €4k | €212k | €170k | ▼ 19.9% |
| Furniture and vehicles24 | - | - | €37k | €31k | ▼ 14.1% |
| Other tangible fixed assets26 | - | - | €101k | €79k | ▼ 22.0% |
| Current assets29/58 | €1k | €7k | €64k | €52k | ▼ 18.7% |
| Stocks and contracts in progress3 | - | - | - | €5k | - |
| Stocks30/36 | - | - | - | €5k | - |
| Amounts receivable within one year40/41 | €1k | €3k | €11k | €32k | ▲ 190% |
| Trade receivables40 | €142 | - | €6k | €32k | ▲ 424% |
| Other amounts receivable41 | €1k | €3k | €5k | €42 | ▼ 99.1% |
| Cash at bank and in hand54/58 | €257 | €4k | €29k | €14k | ▼ 51.3% |
| Deferred charges and accrued income490/1 | - | - | €23k | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €15k | €115k | €483k | €394k | ▼ 18.4% |
| Equity10/15 | €2k | €-10k | €26k | €34k | ▲ 33.0% |
| Contributions10/11 | €1k | €1k | €1k | €1k | = |
| Reserves13 | €1k | €1k | €25k | €33k | ▲ 34.6% |
| Distributable reserves133 | €1k | €1k | €25k | €33k | ▲ 34.6% |
| Profit (loss) carried forward14 | - | €-12k | - | - | - |
| Amounts payable17/49 | €13k | €125k | €457k | €360k | ▼ 21.3% |
| Amounts payable after more than one year17 | - | €47k | €296k | €227k | ▼ 23.1% |
| Financial debts170/4 | - | €47k | €296k | €227k | ▼ 23.1% |
| Amounts payable within one year42/48 | €8k | €78k | €161k | €132k | ▼ 18.1% |
| Current portion of amounts payable after more than one year42 | - | - | €24k | €50k | ▲ 107% |
| Trade debts44 | €268 | €14k | €38k | €15k | ▼ 60.0% |
| Suppliers440/4 | €268 | €14k | €38k | €15k | ▼ 60.0% |
| Taxes, remuneration and social security45 | - | €38 | €2k | €14k | ▲ 545% |
| Taxes450/3 | - | - | €938 | €14k | ▲ 1,342% |
| Remuneration and social security454/9 | - | €38 | €1k | €107 | ▼ 90.9% |
| Other amounts payable47/48 | €8k | €64k | €98k | €53k | ▼ 45.2% |
| Accrued charges and deferred income492/3 | €4k | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €-12k | €36k | €8k | ▼ 76.3% |
| + Depreciation and write-downs630 | €742 | - | €66k | €89k | ▲ 35.6% |
| Operating cash flow (approximation) | €2k | €-12k | €102k | €98k | ▼ 3.7% |
| Investment in fixed assets (approximation) | - | €-94k | €-378k | €-12k | ▲ 96.8% |
| Change in cash | - | €4k | €25k | €-15k | ▼ 160% |
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
Next filing, fiscal year 2026, expected by
2026
24-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 55 days late
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Back to profitnet €36k
Net result €36k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Malle · 1 establishment unit since 2022
Ground area
647 m²
Building footprint
341 m²
Parcel 11049A0364/00X002, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Glem
since 20222.332.442.697
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11049A0364/00X002 | Flanders | 647 m² | 1 · 341 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMalle2.332.442.697
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Of 14,009 companies in sector 56301 we hold annual accounts for 4,892. 4,054 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
Founded18-05-2022
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
56302Nightclubs
82990Other business support services
Contact
E-mail
glennmeeusen@hotmail.com
Phone
0476804774
Scores and ratios are computed by Checked and are not a credit decision.