Glennovate
ActiveSummary
Glennovate has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €199k and a net result of €11k. Its solvency ranks better than 26% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes
Profitability54
Solvency50
Growth-
Track record67
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days only on tighter terms
Liquidity short (current ratio 0.3; short-term debt: 9.2% and cash: 2.4% of total assets), and 75.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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 · 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
24.7%
Return on assets
1.4%
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 10-07-2026, 21 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
21 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, micro schema
Equity
€199k
Total assets
€806k
Net result
€11k
Working capital
€-52k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €806k
Fixed assets
€785k
Current assets
€22k
Equity and liabilities €806k
Equity
€199k
Debt
€608k
Debt finances 75.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€28k
Cash flow
€12k
Current ratio
0.30
Debt to equity
3.06
ROE
5.7%
ROA
1.4%
Interest coverage
3.97
Debt ≤ 1 year
€74k
Debt > 1 year
€533k
Income taxes
€9k
Filed annual accounts As filed with the NBB · 2025 · 43 lines
Balance sheet
Code2025
Assets
Total assets20/58€806k
Fixed assets21/28€785k
Tangible fixed assets22/27€7k
Land and buildings22€2k
Furniture and vehicles24€5k
Financial fixed assets28€778k
Current assets29/58€22k
Amounts receivable within one year40/41€1k
Trade receivables40€1k
Cash at bank and in hand54/58€20k
Deferred charges and accrued income490/1€1k
Equity and liabilities
Total equity and liabilities10/49€806k
Equity10/15€199k
Contributions10/11€187k
Reserves13€11k
Distributable reserves133€11k
Amounts payable17/49€608k
Amounts payable after more than one year17€533k
Financial debts170/4€533k
Amounts payable within one year42/48€74k
Current portion of amounts payable after more than one year42€38k
Trade debts44€2k
Suppliers440/4€2k
Taxes, remuneration and social security45€19k
Taxes450/3€17k
Remuneration and social security454/9€2k
Other amounts payable47/48€15k
Accrued charges and deferred income492/3€200
Income statement
Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€366
Other operating charges640/8€2k
Gross operating margin9900€29k
Operating profit (loss)9901€27k
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€7k
Recurring financial charges65€7k
Profit (loss) for the period before taxes9903€20k
Income taxes67/77€9k
Profit (loss) for the period9904€11k
Profit (loss) for the period to be appropriated9905€11k
Appropriation of the result
Profit (loss) to be appropriated9906€11k
Transfer to equity691/2€11k
To other reserves6921€11k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
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, Pelt · 1 establishment unit since 2025
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.
Sleutelbloemstraat 13910 PeltGround area
460 m²
Building footprint
108 m²
Volume, LiDAR
689 m³
Parcel 72362C0943/00D000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Glennovate
since 20252.372.077.491
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72362C0943/00D000 | Flanders | 460 m² | 1 · 108 m² | 9.3 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 82,562 companies in sector 70200 we hold annual accounts for 52,574. 40,089 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-01-2025
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
90201Performing arts by independent artists
Sources
Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.