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GLI-MAL

Active
Private limited company (pre-2019)founded 2004active for 22 yearsKarreveldlaan 39, 1080 Sint-Jans-Molenbeek, BelgiumKBO/BCE: BE 0863.930.894
Summary

GLI-MAL has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17,968 and a net result of -€563. Equity has been growing by about 5.2% per year since 2019. Its solvency ranks better than 74% of 34,954 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.3% (low).

Overview

Official details

Source: KBO
Status
Active since 09-03-2004 Normal situation
Activity
Other specialised construction activities NACE 43990and 5 others
Establishment unit
2.148.226.138 1080 Sint-Jans-Molenbeek, since 09-03-2004
Financial year end
31 March
Peppol
Not found in the Peppol Directory

Board and ownership

Board
  • MALEWSKI MAREKDirector

Financial position

65 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.3%
Annual accounts to 31-03-2025
Gross margin
€1,261
▼ 39.6%
Turnover
≈ €17,000
estimated
Loss
€563
Equity
€17,968
▼ 3.0%
Total assets
€26,138
▼ 27.8%
  • 2026 accounts not filed, 4 days past the deadline
Score breakdownraises riskFigures for financial year 2025 (filed on 02-11-2025)Liquidity: current ratio 3.18Sector: Specialised construction activities (NACE 43)lowers riskFounded in 2004Show the evidence

Checked score

Score 2025
65 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 48% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Strong
Solvency 94+18
equity 68.7% of total assets
Liquidity 73+19
short-term debt 31.3%
Profitability 32-14
return on assets -2.2%
Bankruptcy probability within 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,674 companies, NACE 43, micro)
Last 24 months 12-2024: 0.6% 01-2025: 0.6%● unchanged vs 12-2024 02-2025: 0.6%● unchanged vs 01-2025 03-2025: 0.6%● unchanged vs 02-2025 04-2025: 0.6%● unchanged vs 03-2025 05-2025: 0.6%● unchanged vs 04-2025 06-2025: 0.6%● unchanged vs 05-2025 07-2025: 0.7%▲ +0.1 percentage points vs 06-2025 08-2025: 0.6%▼ -0.1 percentage points vs 07-2025 09-2025: 0.6%● unchanged vs 08-2025 10-2025: 0.8%▲ +0.2 percentage points vs 09-2025 11-2025: 1.3%▲ +0.5 percentage points vs 10-2025highest value 12-2025: 0.6%▼ -0.7 percentage points vs 11-2025lowest value 01-2026: 0.6%● unchanged vs 12-2025lowest value 02-2026: 0.6%● unchanged vs 01-2026lowest value 03-2026: 0.6%● unchanged vs 02-2026lowest value 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026 07-2026: 0.7%▲ +0.1 percentage points vs 06-2026 08-2026: 0.6%▼ -0.1 percentage points vs 07-2026 09-2026: 0.6%● unchanged vs 08-2026 10-2026: 1.1%▲ +0.5 percentage points vs 09-2026 11-2026: 1.3%▲ +0.2 percentage points vs 10-2026
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.18 (2.13 in 2024), above the usual 1.5. Short-term debt is 31.3% of total assets. 31.3% 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 43, micro). It does better than 75% of them on solvency, 72% on liquidity, 17% on profitability and 30% on growth.

The bankruptcy probability was computed on 03-11-2026 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 riskraises riskneutral
raises risk · Figures for financial year 2025 (filed on 02-11-2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 3.18
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
lowers risk · Founded in 2004
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
not filed
2025
on the day
2024
12 days late
2023
on the day
2022
18 days late
2021
on the day
2020
130 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 27 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Recent changes

  1. · Gazette deed Incorporation
All 15 events

Comparable companies

These companies have the same main activity as GLI-MAL: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €25,200 and €37,300, founded between 2004 and 2007.

CompanyTotal assetsGross margin
GLI-MAL Sint-Jans-Molenbeek€26,138€1,261
BAST CONSTRUCT Anderlecht€26,980-€1,552
SOLIVAL Sint-Pieters-Leeuw€25,237-€1,898
R-STONE Oud-Turnhout€29,372-€11,823
J.S. DECOS Nivelles€29,164-€4,012
SOCHASA Brussel€36,046-€6,303
BEL-INFRATEC Brussel€37,317-€24,514
Full comparison

Key facts about GLI-MAL

What is the company number of GLI-MAL?
The company number of GLI-MAL is 0863.930.894. The VAT number is the same number with BE in front: BE 0863.930.894.
Where is GLI-MAL based?
The registered office is at Karreveldlaan 39, 1080 Sint-Jans-Molenbeek.Company details
What does GLI-MAL do?
According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
What is the legal form of GLI-MAL?
The legal form of GLI-MAL is Private limited company (pre-2019) (BVBA).
When was GLI-MAL founded?
GLI-MAL was founded on 09-03-2004.
Is GLI-MAL still active?
Yes, GLI-MAL is an active enterprise in the KBO register.
What is the turnover of GLI-MAL?
The turnover in financial year 2025 is ≈ €17,000. This figure is estimated from the gross margin of €1,261 and 204 comparable companies (NACE 43990). It probably lies between €9,100 and €34,000. It is a rough estimate.Financials
Is GLI-MAL profitable?
In financial year 2025, GLI-MAL made a loss of €563.
Where can I find the annual accounts of GLI-MAL?
GLI-MAL filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.

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