GLIBERT BART
ActiveSummary
GLIBERT BART has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.42M and a net result of €342k. Equity is growing by ~15.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 637 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability86▲+10
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €200k at 30 days acceptable
Liquidity ample (current ratio 34.68 against 56.86 in 2023; short-term debt: 2.4% and cash: 6.6% of total assets), and 2.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 72
Relative position
BE, all sectors
reference
Scientific research and development (NACE 72)
about 30% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young 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 2024Solvency, return and age of the figures
Solvency
97.4%
Return on assets
13.8%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
26 d late
2022
22 d late
2021
16 d early
2020
18 d early
2019
48 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€2.42M▲ 16.4%
2023 · €2.08M
2018: €1.08Mlowest in 7 years
2019: €1.18M▲ +10.1% vs 2018
2020: €1.40M▲ +18.4% vs 2019
2021: €1.68M▲ +20.1% vs 2020
2022: €1.96M▲ +16.4% vs 2021
2023: €2.08M▲ +6.2% vs 2022
2024: €2.42M▲ +16.4% vs 2023highest in 7 years
2018 → 2024
Total assets
€2.48M▲ 17.6%
2023 · €2.11M
2018: €1.13Mlowest in 7 years
2019: €1.23M▲ +8.2% vs 2018
2020: €1.45M▲ +17.8% vs 2019
2021: €1.75M▲ +21.3% vs 2020
2022: €1.99M▲ +13.2% vs 2021
2023: €2.11M▲ +6.4% vs 2022
2024: €2.48M▲ +17.6% vs 2023highest in 7 years
2018 → 2024
Net result
€342k▲ 181%
2023 · €122k
2018: €222k
2019: €110k▼ -50.7% vs 2018lowest in 7 years
2020: €222k▲ +103% vs 2019
2021: €283k▲ +27.5% vs 2020
2022: €276k▼ -2.3% vs 2021
2023: €122k▼ -55.9% vs 2022
2024: €342k▲ +181% vs 2023highest in 7 years
2018 → 2024
Working capital
€1.99M▲ 21.8%
2023 · €1.63M
2018: €514klowest in 7 years
2019: €643k▲ +25.0% vs 2018
2020: €881k▲ +36.9% vs 2019
2021: €1.19M▲ +35.2% vs 2020
2022: €1.49M▲ +25.5% vs 2021
2023: €1.63M▲ +9.3% vs 2022
2024: €1.99M▲ +21.8% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.40M-€1.68M▲ 20.1%€1.96M▲ 16.4%€2.08M▲ 6.2%€2.42M▲ 16.4%
2020: €1.40Mlowest in 5 years
2021: €1.68M▲ +20.1% vs 2020
2022: €1.96M▲ +16.4% vs 2021
2023: €2.08M▲ +6.2% vs 2022
2024: €2.42M▲ +16.4% vs 2023highest in 5 years
Operating result€304k-€412k▲ 35.5%€384k▼ 6.9%€192k▼ 49.9%€471k▲ 145%
2020: €304k
2021: €412k▲ +35.5% vs 2020
2022: €384k▼ -6.9% vs 2021
2023: €192k▼ -49.9% vs 2022lowest in 5 years
2024: €471k▲ +145% vs 2023highest in 5 years
Net result€222k-€283k▲ 27.5%€276k▼ 2.3%€122k▼ 55.9%€342k▲ 181%
2020: €222k
2021: €283k▲ +27.5% vs 2020
2022: €276k▼ -2.3% vs 2021
2023: €122k▼ -55.9% vs 2022lowest in 5 years
2024: €342k▲ +181% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 145% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.48M
Fixed assets
€437k ▼ 3.2%
Current assets
€2.05M ▲ 23.2%
Equity and liabilities €2.48M
Equity
€2.42M ▲ 16.4%
Debt
€63k ▲ 90.8%
Debt's share of the balance-sheet total rises from 1.6% to 2.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€489k▲
2023 · €211k
Cash flow
€360k▲
2023 · €141k
Current ratio
34.68▼
2023 · 56.86
Debt to equity
0.03▲
2023 · 0.02
ROE
14.1%▲
2023 · 5.9%
ROA
13.8%▲
2023 · 5.8%
Interest coverage
61.67▲
2023 · 35.91
Debt ≤ 1 year
€59k▲
2023 · €29k
Income taxes
€132k▲
2023 · €77k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.11M€2.48M▲
Fixed assets21/28€452k€437k▼
Tangible fixed assets22/27€452k€437k▼
Land and buildings22€444k€429k▼
Furniture and vehicles24€6k€7k▲
Other tangible fixed assets26€2k€1k▼
Financial fixed assets28€50€50=
Current assets29/58€1.66M€2.05M▲
Amounts receivable within one year40/41€75k€61k▼
Trade receivables40€38k€33k▼
Other amounts receivable41€37k€28k▼
Current investments50/53€1.39M€1.64M▲
Cash at bank and in hand54/58€100k€164k▲
Deferred charges and accrued income490/1€97k€185k▲
Equity and liabilities
Total equity and liabilities10/49€2.11M€2.48M▲
Equity10/15€2.08M€2.42M▲
Contributions10/11€12k€12k=
Reserves13€2.07M€2.41M▲
Tax-exempt reserves132€295k€295k=
Distributable reserves133€1.77M€2.11M▲
Amounts payable17/49€33k€63k▲
Amounts payable within one year42/48€29k€59k▲
Trade debts44€17k€15k▼
Suppliers440/4€17k€15k▼
Taxes, remuneration and social security45€184€31k▲
Taxes450/3€184€31k▲
Other amounts payable47/48€12k€13k▲
Accrued charges and deferred income492/3€4k€4k▲
Income statement
Code20232024
Non-recurring operating income76A€701€106k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€18k▼
Other operating charges640/8€6k€7k▲
Non-recurring operating charges66A-€15
Gross operating margin9900€218k€495k▲
Operating profit (loss)9901€192k€471k▲
Financial income75/76B€12k€11k▼
Recurring financial income75€12k€11k▼
Financial charges65/66B€6k€8k▲
Recurring financial charges65€6k€8k▲
Profit (loss) for the period before taxes9903€198k€474k▲
Income taxes67/77€77k€132k▲
Profit (loss) for the period9904€122k€342k▲
Transfer from tax-exempt reserves789€149k-
Transfer to tax-exempt reserves689€16k-
Profit (loss) for the period to be appropriated9905€255k€342k▲
Appropriation of the result
Profit (loss) to be appropriated9906€255k€342k▲
Transfer from equity791/2€800€800=
Transfer to equity691/2€255k€342k▲
To other reserves6921€255k€342k▲
Profit to be distributed694/7€800€800=
Return on contributions (dividend)694€800€800=
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €701 | €106k | ▲ 15,079% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27k | €28k | €27k | €19k | €18k | ▼ 4.8% |
| Other operating charges640/8 | - | €5k | €5k | €6k | €7k | ▲ 4.7% |
| Non-recurring operating charges66A | - | €21 | €4k | - | €15 | - |
| Gross operating margin9900 | €333k | €444k | €419k | €218k | €495k | ▲ 128% |
| Operating profit (loss)9901 | €304k | €412k | €384k | €192k | €471k | ▲ 145% |
| Financial income75/76B | - | €4k | €6k | €12k | €11k | ▼ 7.4% |
| Recurring financial income75 | €5k | €4k | €6k | €12k | €11k | ▼ 7.4% |
| Non-recurring financial income76B | - | €44 | - | - | - | - |
| Financial charges65/66B | - | €3k | €2k | €6k | €8k | ▲ 34.8% |
| Recurring financial charges65 | €2k | €3k | €2k | €6k | €8k | ▲ 34.8% |
| Profit (loss) for the period before taxes9903 | €306k | €414k | €387k | €198k | €474k | ▲ 139% |
| Income taxes67/77 | €84k | €131k | €111k | €77k | €132k | ▲ 72.0% |
| Profit (loss) for the period9904 | €222k | €283k | €276k | €122k | €342k | ▲ 181% |
| Transfer from tax-exempt reserves789 | - | €180k | - | €149k | - | - |
| Transfer to tax-exempt reserves689 | - | €141k | €138k | €16k | - | - |
| Profit (loss) for the period to be appropriated9905 | €142k | €322k | €139k | €255k | €342k | ▲ 34.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.45M | €1.75M | €1.99M | €2.11M | €2.48M | ▲ 17.6% |
| Fixed assets21/28 | €526k | €498k | €471k | €452k | €437k | ▼ 3.2% |
| Tangible fixed assets22/27 | €526k | €498k | €471k | €452k | €437k | ▼ 3.2% |
| Land and buildings22 | - | €478k | €461k | €444k | €429k | ▼ 3.4% |
| Furniture and vehicles24 | - | €16k | €6k | €6k | €7k | ▲ 30.6% |
| Other tangible fixed assets26 | - | €5k | €4k | €2k | €1k | ▼ 51.5% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €921k | €1.26M | €1.52M | €1.66M | €2.05M | ▲ 23.2% |
| Amounts receivable within one year40/41 | €14k | €620 | €11k | €75k | €61k | ▼ 18.4% |
| Trade receivables40 | - | - | €3k | €38k | €33k | ▼ 13.7% |
| Other amounts receivable41 | - | €620 | €9k | €37k | €28k | ▼ 23.4% |
| Current investments50/53 | €577k | €800k | €1.15M | €1.39M | €1.64M | ▲ 17.8% |
| Cash at bank and in hand54/58 | €136k | €280k | €240k | €100k | €164k | ▲ 64.2% |
| Deferred charges and accrued income490/1 | - | €176k | €119k | €97k | €185k | ▲ 90.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.45M | €1.75M | €1.99M | €2.11M | €2.48M | ▲ 17.6% |
| Equity10/15 | €1.40M | €1.68M | €1.96M | €2.08M | €2.42M | ▲ 16.4% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Reserves13 | €1.39M | €1.67M | €1.95M | €2.07M | €2.41M | ▲ 16.5% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Tax-exempt reserves132 | - | €290k | €428k | €295k | €295k | = |
| Distributable reserves133 | - | €1.38M | €1.52M | €1.77M | €2.11M | ▲ 19.3% |
| Amounts payable17/49 | €45k | €71k | €27k | €33k | €63k | ▲ 90.8% |
| Amounts payable within one year42/48 | €40k | €66k | €22k | €29k | €59k | ▲ 102% |
| Trade debts44 | €20k | €7k | €10k | €17k | €15k | ▼ 11.6% |
| Suppliers440/4 | - | €7k | €10k | €17k | €15k | ▼ 11.6% |
| Taxes, remuneration and social security45 | - | €47k | €128 | €184 | €31k | ▲ 16,741% |
| Taxes450/3 | - | €47k | €128 | €184 | €31k | ▲ 16,741% |
| Other amounts payable47/48 | - | €12k | €11k | €12k | €13k | ▲ 8.3% |
| Accrued charges and deferred income492/3 | - | €5k | €6k | €4k | €4k | ▲ 9.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €222k | €283k | €276k | €122k | €342k | ▲ 181% |
| + Depreciation and write-downs630 | €27k | €28k | €27k | €19k | €18k | ▼ 4.8% |
| Operating cash flow (approximation) | €249k | €311k | €304k | €141k | €360k | ▲ 156% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €-4k | - |
| Change in cash | - | €144k | €-40k | €-140k | €64k | ▲ 146% |
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
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Highest result since 2018net €342k ▲181%
Operating result €471k, net result €342k, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Equity above €2MEq €2.08M ▲6.2%
6 profitable years in a row build equity to €2.08M.
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
31-12
Financial
Liquidity quadruplescurrent ratio 69.60
Current ratio from 19.04 to 69.60; short-term debt falls from €66k to €22k.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 48 days late
2019
31-12
Financial
Weakest financial yearnet €110k ▼50.7%
Net result drops to €110k, the lowest in the series; recovery starts the following year.
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 8 days late
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Ronse · 1 establishment unit since 2001
Ground area
1,714 m²
Building footprint
258 m²
Volume, LiDAR
1,379 m³
Parcel 45422C1816/00K000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Maquisstraat 89, 9600 Ronse
since 20012.182.022.522
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45422C1816/00K000 | Flanders | 1,714 m² | 1 · 258 m² | 8.6 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.
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Of 1,177 companies in sector 72109 we hold annual accounts for 716. 380 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-06-2001
Fiscal year end31-12
Activities, NACEBEL 2025
72109Other research and development on natural sciences
Scores and ratios are computed by Checked and are not a credit decision.