Glenn Vreys
ActiveSummary
The computed 12-month bankruptcy probability of Glenn Vreys is 2.7% (moderate). The 2025 annual accounts show equity of €32,428 and a net result of €17,946. Equity is growing by ~88.5% per year across the filed fiscal years. 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
Profitability90▲+36
Solvency56▲+16
Growth78=
Track record94
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity short (current ratio 0.73 against 0.77 in 2024; short-term debt: 25.2% and cash: 15.9% of total assets), and 69.4% 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 · 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
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
30.6%
Return on assets
17%
Age of the figures
9 mo
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 23-07-2026, 8 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
8 d early
2024
61 d late
2023
29 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 27 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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. Usually files around 30 August (3 of the last 3 filed years within 38 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€32,428▲ 124%
2024 · €14,481
Total assets
€105,811▲ 8.2%
2024 · €97,828
Net result
€17,946▲ 134%
2024 · €7,684
Working capital
-€7,088▲ 13.8%
2024 · -€8,222
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€9,986-€20,220▲ 102%€24,132▲ 19.4%
Net result€4,798-€7,684▲ 60.2%€17,946▲ 134%
Equity€6,798-€14,481▲ 113%€32,428▲ 124%
Total assets€85,934-€97,828▲ 13.8%€105,811▲ 8.2%
Debt€79,136-€83,347▲ 5.3%€73,384▼ 12.0%
Working capital€5,829--€8,222-€7,088▲ 13.8%
Staff (FTE)0-
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 19% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €105,353
Fixed assets
€85,800 ▲ 22.6%
Current assets
€19,553 ▼ 27.9%
Equity and liabilities €105,811
Equity
€32,428 ▲ 124%
Debt
€73,384 ▼ 12.0%
Debt's share of the balance-sheet total falls from 85.2% to 69.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€28,337▲
2024 · €20,474
Cash flow
€22,151▲
2024 · €7,939
Current ratio
0.73▼
2024 · 0.77
Debt to equity
2.26▼
2024 · 5.76
ROE
55.3%▲
2024 · 53.1%
ROA
17.0%▲
2024 · 7.9%
Interest coverage
21.71▲
2024 · 3.07
Debt ≤ 1 year
€26,641▼
2024 · €35,337
Debt > 1 year
€46,743▼
2024 · €48,010
Income taxes
€4,881▼
2024 · €5,864
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €306 | €255 | €4,205 | ▲ 1,550% |
| Other operating charges640/8 | €109 | €118 | €1,238 | ▲ 949% |
| Gross operating margin9900 | €10,401 | €20,592 | €29,575 | ▲ 43.6% |
| Operating profit (loss)9901 | €9,986 | €20,220 | €24,132 | ▲ 19.4% |
| Financial income75/76B | €0 | €3 | €0 | ▼ 100% |
| Recurring financial income75 | €0 | €3 | €0 | ▼ 100% |
| Financial charges65/66B | €476 | €6,675 | €1,305 | ▼ 80.4% |
| Recurring financial charges65 | €476 | €6,675 | €1,305 | ▼ 80.4% |
| Profit (loss) for the period before taxes9903 | €9,510 | €13,547 | €22,827 | ▲ 68.5% |
| Income taxes67/77 | €4,713 | €5,864 | €4,881 | ▼ 16.8% |
| Profit (loss) for the period9904 | €4,798 | €7,684 | €17,946 | ▲ 134% |
| Profit (loss) for the period to be appropriated9905 | €4,798 | €7,684 | €17,946 | ▲ 134% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €85,934 | €97,828 | €105,811 | ▲ 8.2% |
| Formation expenses20 | €968 | €714 | €459 | ▼ 35.7% |
| Fixed assets21/28 | €70,000 | €70,000 | €85,800 | ▲ 22.6% |
| Tangible fixed assets22/27 | - | - | €15,800 | - |
| Furniture and vehicles24 | - | - | €15,800 | - |
| Financial fixed assets28 | €70,000 | €70,000 | €70,000 | = |
| Current assets29/58 | €14,966 | €27,115 | €19,553 | ▼ 27.9% |
| Amounts receivable within one year40/41 | €4,352 | €6,731 | €2,693 | ▼ 60.0% |
| Trade receivables40 | €4,116 | €6,731 | €2,693 | ▼ 60.0% |
| Other amounts receivable41 | €236 | €0 | - | - |
| Cash at bank and in hand54/58 | €3,577 | €7,680 | €16,860 | ▲ 120% |
| Deferred charges and accrued income490/1 | €7,037 | €12,704 | €0 | ▼ 100% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €85,934 | €97,828 | €105,811 | ▲ 8.2% |
| Equity10/15 | €6,798 | €14,481 | €32,428 | ▲ 124% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €4,798 | €12,481 | €12,481 | = |
| Distributable reserves133 | €4,798 | €12,481 | €12,481 | = |
| Profit (loss) carried forward14 | - | - | €17,946 | - |
| Amounts payable17/49 | €79,136 | €83,347 | €73,384 | ▼ 12.0% |
| Amounts payable after more than one year17 | €70,000 | €48,010 | €46,743 | ▼ 2.6% |
| Financial debts170/4 | €70,000 | €48,010 | €46,743 | ▼ 2.6% |
| Amounts payable within one year42/48 | €9,136 | €35,337 | €26,641 | ▼ 24.6% |
| Current portion of amounts payable after more than one year42 | - | €10,222 | €14,946 | ▲ 46.2% |
| Trade debts44 | €2,415 | €12,759 | €322 | ▼ 97.5% |
| Suppliers440/4 | €2,415 | €12,759 | €322 | ▼ 97.5% |
| Taxes, remuneration and social security45 | €6,721 | €6,954 | €5,971 | ▼ 14.1% |
| Taxes450/3 | €4,713 | €6,954 | €5,971 | ▼ 14.1% |
| Remuneration and social security454/9 | €2,008 | €0 | - | - |
| Other amounts payable47/48 | - | €5,402 | €5,402 | = |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,798 | €7,684 | €17,946 | ▲ 134% |
| + Depreciation and write-downs630 | €306 | €255 | €4,205 | ▲ 1,550% |
| Operating cash flow (approximation) | €5,104 | €7,939 | €22,151 | ▲ 179% |
| Investment in fixed assets (approximation) | - | -€255 | -€20,005 | ▼ 7,749% |
| Change in cash | - | €4,104 | €9,179 | ▲ 124% |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €17,946 ▲134%
Operating result €24,132, net result €17,946, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 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
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Meerhout · 1 establishment unit since 2022
Ground area
301 m²
Building footprint
149 m²
Volume, LiDAR
826 m³
Parcel 13021B0924/00H000, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Glenn Vreys
since 20222.337.132.549
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13021B0924/00H000 | Flanders | 301 m² | 1 · 149 m² | 6.7 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
50%
According to the 2024 annual accounts of Glenn Vreys and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Subsidies and aid
Flemish government
2023 · 1 entry · 340 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 340 EUR |
Company details
Identification
Legal formPrivate limited company
Founded13-10-2022
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0792393988
Registered
20-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.