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GLEX

Active
Private limited companyfounded 2018active for 8 yearsOudenaardestraat 72, 9870 Zulte, BelgiumKBO/BCE: BE 0701.676.620
Summary

GLEX has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €350,697 and a net result of €100,813. Equity has been growing by about 21% per year since 2019. Its solvency ranks better than 71% of 15,759 sector peers (NACE 69, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 23-08-2018 Normal situation
Activity
Activities of lawyers NACE 69101
Establishment unit
2.278.777.052 9870 Zulte, since 23-08-2018
Financial year end
31 December
Peppol
Reachable since 19-11-2025

Board and ownership

Board

Financial position

96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts 2025
Gross margin
€147,445
▲ 11.1%
Turnover
≈ €260,000
estimated
Profit
€100,813
▲ 12.3%
Equity
€350,697
▲ 21.0%
Total assets
€468,053
▲ 21.4%
Filed on 03-06-2026, 58 days before the deadline
Score breakdownlowers riskSector: Legal and accounting activities (NACE 69)Liquidity: current ratio 3.88, cash €197,550Equity €350,697 (74.9% of total assets)Size: total assets €468,053Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 70% of micro companies in legal and accounting (NACE 69)
Financial strength · tick: 2024
Strong
Solvency 100=
equity 74.9% of total assets
Liquidity 91+14
short-term debt 24.1% · cash 42.2%
Profitability 96-2
return on assets 21.5%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (20,087 companies, NACE 69, micro)
Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025highest value 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026lowest value
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.88 (3.67 in 2024), above the usual 1.5. Short-term debt is 24.1% and cash 42.2% of total assets. 25.1% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 69, micro). It does better than 73% of them on solvency, 84% on liquidity, 59% on profitability and 66% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskneutral
lowers risk · Sector: Legal and accounting activities (NACE 69)
KBO
lowers risk · Liquidity: current ratio 3.88, cash €197,550
NBB · annual accounts
lowers risk · Equity €350,697 (74.9% of total assets)
NBB · annual accounts
lowers risk · Size: total assets €468,053
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
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 03-06-2026, 58 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
58 days early
2024
36 days early
2023
36 days early
2022
18 days early
2021
33 days early
2020
40 days early
2019
74 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 42 days before the deadline. In the sector (NACE 69), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: More equity than 81% of companies in legal and accountingsector median €86,378 · 15,764 companies €350,697 View
  • Positive: Always filed on timeaccounts within the deadline every year 7 years View
  • Positive: 7 profitable years in a rowprofit 2025: €100,813 7 years View

Recent changes

  1. · Gazette deed Change of role: Guy Van Hese, from manager to director
  2. · Gazette deed Incorporation
All 14 events

Comparable companies

These companies have the same main activity as GLEX: activities of lawyers (NACE 69101). They are comparable in size and age: total assets between €394,000 and €551,000, founded between 2018 and 2019.

CompanyTotal assetsGross margin
GLEX Zulte€468,053€147,445
VERTAN Kruisem€472,113€144,823
DE SAMBLANX Avocat Huy€515,195€142,951
MARC LIBERT Avocat Ukkel€441,441€135,015
Chalet Law Ukkel€394,091€152,300
CABINET D'AVOCAT VIKTOR POKORNY Sc Mont-Saint-Guibert€551,099€157,173
THAG Brussel€416,114€130,910
Full comparison

Key facts about GLEX

What is the company number of GLEX?
The company number of GLEX is 0701.676.620. The VAT number is the same number with BE in front: BE 0701.676.620.
Where is GLEX based?
The registered office is at Oudenaardestraat 72, 9870 Zulte.Company details
What does GLEX do?
According to the KBO register, the main activity is activities of lawyers (NACE 69101).
What is the legal form of GLEX?
The legal form of GLEX is Private limited company (BV).
When was GLEX founded?
GLEX was founded on 23-08-2018.
Is GLEX still active?
Yes, GLEX is an active enterprise in the KBO register.
What is the turnover of GLEX?
The turnover in financial year 2025 is ≈ €260,000. This figure is estimated from the gross margin of €147,445 and 38 comparable companies (NACE 691). It probably lies between €200,000 and €390,000.Financials
Is GLEX profitable?
In financial year 2025, GLEX made a profit of €100,813.
Where can I find the annual accounts of GLEX?
GLEX filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of GLEX due?
GLEX must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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