GLI

Active

Public limited companyfounded 201411 yrs activeNaamsestraat 72-74, 1000 Brussel, BelgiumKBO/BCE: BE 0506.942.586

Summary

GLI is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (€-1.09M) and a net result of €743k. Equity is shrinking by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 2399 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysis Watch Report Compare

GLIActive

Risk analysis Report Compare

Checked score

Outside the general model

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.

Credit check for your own amount and term

Signals

Two signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 2399 sector peers (2025).

NBB · sector comparison

Position among 2399 sector peers

Solvency

better than 5%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

16 d early

2024

15 d early

2023

16 d early

2022

20 d early

2021

25 d early

2020

18 d early

2019

24 d early

← before the deadline after the deadline →

Checked, nothing found (2)

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 months

Position in the running window

25-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Equity

€-1.09M▲ 40.6%

2024 · €-1.83M

2019: €-1.20M 2020: €-1.42M▼ -18.2% vs 2019 2021: €-1.49M▼ -5.5% vs 2020 2022: €-1.52M▼ -1.9% vs 2021 2023: €-1.60M▼ -4.8% vs 2022 2024: €-1.83M▼ -14.6% vs 2023lowest in 7 years 2025: €-1.09M▲ +40.6% vs 2024highest in 7 years

2019 → 2025

Net result

€743k

2024 · €-233k

2019: €-177k 2020: €-218k▼ -23.3% vs 2019 2021: €-78k▲ +64.4% vs 2020 2022: €-28k▲ +63.9% vs 2021 2023: €-73k▼ -160% vs 2022 2024: €-233k▼ -220% vs 2023lowest in 7 years 2025: €743k▲ +418% vs 2024highest in 7 years

2019 → 2025

Total assets

€15.32M▼ 30.2%

2024 · €21.95M

2019: €7.90Mlowest in 7 years 2020: €18.81M▲ +138% vs 2019 2021: €17.84M▼ -5.2% vs 2020 2022: €32.42M▲ +81.8% vs 2021highest in 7 years 2023: €27.81M▼ -14.2% vs 2022 2024: €21.95M▼ -21.1% vs 2023 2025: €15.32M▼ -30.2% vs 2024

2019 → 2025

Solvency

-7.1%▲ 1.2pp

2024 · -8.3%

2019: -15.2%lowest in 7 years 2020: -7.5%▲ +50.4% vs 2019 2021: -8.4%▼ -11.3% vs 2020 2022: -4.7%▲ +44.0% vs 2021highest in 7 years 2023: -5.7%▼ -22.2% vs 2022 2024: -8.3%▼ -45.2% vs 2023 2025: -7.1%▲ +14.9% vs 2024

2019 → 2025

Trend over the years

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€-1.49M-€-1.52M▼ 1.9%€-1.60M▼ 4.8%€-1.83M▼ 14.6%€-1.09M▲ 40.6% 2021: €-1.49M 2022: €-1.52M▼ -1.9% vs 2021 2023: €-1.60M▼ -4.8% vs 2022 2024: €-1.83M▼ -14.6% vs 2023lowest in 5 years 2025: €-1.09M▲ +40.6% vs 2024highest in 5 years

Operating result€-95k-€-53k▲ 44.0%€-48k▲ 10.4%€-305k▼ 542%€-163k▲ 46.7% 2021: €-95k 2022: €-53k▲ +44.0% vs 2021 2023: €-48k▲ +10.4% vs 2022highest in 5 years 2024: €-305k▼ -542% vs 2023lowest in 5 years 2025: €-163k▲ +46.7% vs 2024

Net result€-78k-€-28k▲ 63.9%€-73k▼ 160%€-233k▼ 220%€743k 2021: €-78k 2022: €-28k▲ +63.9% vs 2021 2023: €-73k▼ -160% vs 2022 2024: €-233k▼ -220% vs 2023lowest in 5 years 2025: €743k▲ +418% vs 2024highest in 5 years

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €163k in 2025 against €305k in 2024; the loss shrinks.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €15.32M

100.0%

Fixed assets €200 =

Current assets €15.32M ▼ 30.2%

Key figures and ratios

2025 value · change against 2024

ROA

4.8%▲

2024 · -1.1%

Debt

€16.40M▼

2024 · €23.78M

Debt ≤ 1 year

€16.40M▼

2024 · €23.71M

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

As filed By statement

Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines

Balance sheet Code20242025

Assets

Total assets20/58€21.95M€15.32M▼

Fixed assets21/28€200€200=

Financial fixed assets28€200€200=

Current assets29/58€21.95M€15.32M▼

Amounts receivable within one year40/41€21.79M€15.24M▼

Trade receivables40€583k€132k▼

Other amounts receivable41€21.21M€15.10M▼

Cash at bank and in hand54/58€94k€8k▼

Deferred charges and accrued income490/1€69k€75k▲

Equity and liabilities

Total equity and liabilities10/49€21.95M€15.32M▼

Equity10/15€-1.83M€-1.09M▲

Contributions10/11€62k€62k=

Capital10€62k€62k=

Issued capital100€62k€62k=

Profit (loss) carried forward14€-1.89M€-1.15M▲

Amounts payable17/49€23.78M€16.40M▼

Amounts payable within one year42/48€23.71M€16.40M▼

Trade debts44€65k€31k▼

Suppliers440/4€65k€31k▼

Taxes, remuneration and social security45€32k€20k▼

Taxes450/3€29k€18k▼

Remuneration and social security454/9€2k€2k=

Other amounts payable47/48€23.61M€16.35M▼

Accrued charges and deferred income492/3€70k€0▼

Income statement Code20242025

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€238k€46k▼

Other operating charges640/8€59k€35k▼

Gross operating margin9900€-7k€-81k▼

Operating profit (loss)9901€-305k€-163k▲

Financial income75/76B€1.09M€1.61M▲

Recurring financial income75€1.09M€1.61M▲

Financial charges65/66B€1.02M€708k▼

Recurring financial charges65€1.02M€708k▼

Profit (loss) for the period before taxes9903€-233k€743k▲

Profit (loss) for the period9904€-233k€743k▲

Profit (loss) for the period to be appropriated9905€-233k€743k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-1.89M€-1.15M▲

Profit (loss) brought forward from the previous period14P€-1.66M€-1.89M▼

Social balance

Average headcount (FTE)90870.00.0=

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement

Income statement Balance sheet Cash flow

Line	2021	2022	2023	2024	2025	Change
Remuneration, social security and pensions62	€280	€-147	€0	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€50k	€185	€0	-	-	-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4	-	-	-	€238k	€46k	▼ 80.6%
Other operating charges640/8	€32k	€38k	€48k	€59k	€35k	▼ 40.8%
Gross operating margin9900	€-12k	€-15k	€749	€-7k	€-81k	▼ 1,009%
Operating profit (loss)9901	€-95k	€-53k	€-48k	€-305k	€-163k	▲ 46.7%
Financial income75/76B	€73k	€165k	€941k	€1.09M	€1.61M	▲ 47.4%
Recurring financial income75	€73k	€165k	€941k	€1.09M	€1.61M	▲ 47.4%
Financial charges65/66B	€56k	€140k	€967k	€1.02M	€708k	▼ 30.8%
Recurring financial charges65	€56k	€140k	€967k	€1.02M	€708k	▼ 30.8%
Profit (loss) for the period before taxes9903	€-78k	€-28k	€-73k	€-233k	€743k	▲ 418%
Profit (loss) for the period9904	€-78k	€-28k	€-73k	€-233k	€743k	▲ 418%
Profit (loss) for the period to be appropriated9905	€-78k	€-28k	€-73k	€-233k	€743k	▲ 418%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€17.84M	€32.42M	€27.81M	€21.95M	€15.32M	▼ 30.2%
Fixed assets21/28	€385	€200	€200	€200	€200	=
Intangible fixed assets21	€0	-	-	-	-	-
Tangible fixed assets22/27	€185	€0	-	-	-	-
Furniture and vehicles24	€185	€0	-	-	-	-
Financial fixed assets28	€200	€200	€200	€200	€200	=
Current assets29/58	€17.84M	€32.42M	€27.81M	€21.95M	€15.32M	▼ 30.2%
Amounts receivable within one year40/41	€15.13M	€25.62M	€27.63M	€21.79M	€15.24M	▼ 30.1%
Trade receivables40	€240k	€200k	€371k	€583k	€132k	▼ 77.3%
Other amounts receivable41	€14.88M	€25.42M	€27.26M	€21.21M	€15.10M	▼ 28.8%
Cash at bank and in hand54/58	€2.67M	€6.75M	€118k	€94k	€8k	▼ 91.9%
Deferred charges and accrued income490/1	€42k	€45k	€60k	€69k	€75k	▲ 8.1%
Equity and liabilities
Total equity and liabilities10/49	€17.84M	€32.42M	€27.81M	€21.95M	€15.32M	▼ 30.2%
Equity10/15	€-1.49M	€-1.52M	€-1.60M	€-1.83M	€-1.09M	▲ 40.6%
Contributions10/11	€62k	€62k	€62k	€62k	€62k	=
Capital10	€62k	€62k	€62k	€62k	€62k	=
Issued capital100	€62k	€62k	€62k	€62k	€62k	=
Profit (loss) carried forward14	€-1.56M	€-1.58M	€-1.66M	€-1.89M	€-1.15M	▲ 39.3%
Amounts payable17/49	€19.33M	€33.95M	€29.40M	€23.78M	€16.40M	▼ 31.0%
Amounts payable within one year42/48	€19.25M	€33.89M	€29.37M	€23.71M	€16.40M	▼ 30.8%
Trade debts44	€8k	€34k	€64k	€65k	€31k	▼ 52.0%
Suppliers440/4	€8k	€34k	€64k	€65k	€31k	▼ 52.0%
Taxes, remuneration and social security45	€20k	€22k	€2k	€32k	€20k	▼ 36.6%
Taxes450/3	€18k	€19k	€0	€29k	€18k	▼ 39.7%
Remuneration and social security454/9	€2k	€2k	€2k	€2k	€2k	=
Other amounts payable47/48	€19.22M	€33.83M	€29.31M	€23.61M	€16.35M	▼ 30.7%
Accrued charges and deferred income492/3	€77k	€58k	€29k	€70k	€0	▼ 100%

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€-78k	€-28k	€-73k	€-233k	€743k	▲ 418%
+ Depreciation and write-downs630	€50k	€185	€0	-	-	-
Operating cash flow (approximation)	€-27k	€-28k	€-73k	€-233k	€743k	▲ 418%
Investment in fixed assets (approximation)	-	€0	€0	€0	€0	-
Change in cash	-	€4.09M	€-6.64M	€-24k	€-86k	▼ 262%

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

All 12Financial 2Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

15-07

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

31-12

Financial Back to profitnet €743k

Net result €743k after 6 loss-making years.

16-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Weakest financial yearnet €-233k

Net result drops to €-233k, the lowest in the series; recovery starts the following year.

15-07

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

11-07

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

06-07

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

13-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

07-07

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

04-07

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

06-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

13-07

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.

0 of 9 acts read

About the unread acts

We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

9 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, Brussel · 1 establishment unit since 2014

seat establishment The establishment unit on the map

Ground area

1,848 m²

Building footprint

1,624 m²

Volume, LiDAR

43,417 m³

2 parcels, Brussels · tallest building 36.3 m, ±10 floors. Linked by address, not a title deed.

1 establishment unit

Koloniënstraat 56, 1000 Brussel

Holdings

since 20142.276.998.487

2 parcels

Brussels 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21804D1438/00E002 ProtectedMonumentTraditioneel huisSource ↗	Brussels	1,366 m²	1 · 1,142 m²	36.3 m · 10 fl.
21804D0315/00F000	Brussels	482 m²	1 · 482 m²	29.4 m · 9 fl.

Linked by address, not proof of ownership

Good to know

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Similar companies · same sector and region

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ADINFO BELGIUM, en abrégé ADINFO

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. See the whole sector

Identification & contact

Identification

Legal formPublic limited company

Founded18-12-2014

Fiscal year end31-12

Activities, NACEBEL 2025

64210Activities of holding companies

70100Activities of head offices

Scores and ratios are computed by Checked and are not a credit decision.