Equity
Equity fell by 68% in 10 years.
Equity fell by 68% in 10 years.
Every financial year from 2016 to 2020 closed with a loss. 2017 was the heaviest.
Two of the last ten came late. The 2011 accounts came latest: 37 days after the end of the period.
A company was founded shortly before or after the bankruptcy of another, with a director in both or at the same registered office.
BZ.BE was founded 3 months after the bankruptcy of this company. BHUTTA Irfan Hamid sat on both boards.
This is a pattern, not a judgment. A new start after a bankruptcy is often entirely legitimate. The facts come from the KBO register, the Belgian Official Gazette, the director data and the annual accounts at the NBB. The same name in two sets of accounts is not necessarily the same person. What the facts mean is for you to look into.
Equity fell from €115,617 in 2010 to €36,797 in 2020.
On 5 September 2023 the court declared GLIDA bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
| Line | Trend | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||
20/58 |
38,842 | 44,994 | 45,176 | 46,289 | 55,424 | 57,400 | 65,204 | 76,880 | 107,714 | 162,806 | 142,346 | 136,698 | 125,782 | 125,303 | |
21/28 |
- | - | - | 0 | 159 | 631 | 625 | 1,998 | 2,360 | 7,742 | 13,623 | 17,953 | 22,222 | 11,459 | |
22/27 |
- | - | - | 0 | 159 | 631 | 625 | - | 362 | 5,744 | 11,625 | 17,705 | 21,974 | 11,211 | |
24 |
- | - | - | 0 | 159 | 631 | 625 | - | 362 | 5,744 | 11,625 | 17,705 | 21,974 | 11,211 | |
28 |
- | - | - | - | - | - | - | 1,998 | 1,998 | 1,998 | 1,998 | 248 | 248 | 248 | |
29/58 |
38,842 | 44,994 | 45,176 | 46,289 | 55,265 | 56,769 | 64,579 | 74,882 | 105,354 | 155,065 | 128,723 | 118,746 | 103,560 | 113,844 | |
3 |
10,236 | 10,236 | 10,236 | 10,236 | 10,236 | 10,236 | 10,236 | 10,236 | 51,616 | 97,616 | 87,381 | 87,381 | 87,381 | 87,381 | |
30/36 |
10,236 | 10,236 | 10,236 | 10,236 | 10,236 | 10,236 | 10,236 | 10,236 | 51,616 | 97,616 | 87,381 | 87,381 | 87,381 | 87,381 | |
40/41 |
28,515 | 33,904 | 34,671 | 35,687 | 41,553 | 42,519 | 52,454 | 56,009 | 52,121 | 55,827 | 40,040 | 17,026 | 6,145 | - | |
40 |
2,204 | 2,204 | 2,203 | 2,950 | 297 | 4,400 | 17,275 | 21,339 | 17,040 | 18,313 | 13,573 | 813 | 6,145 | - | |
41 |
26,311 | 31,700 | 32,467 | 32,737 | 41,256 | 38,119 | 35,179 | 34,669 | 35,081 | 37,514 | 26,466 | 16,212 | - | - | |
54/58 |
92 | 316 | 270 | 367 | 3,477 | 3,526 | 1,890 | 2,644 | 1,617 | 1,621 | 1,101 | 14,123 | 9,824 | 26,260 | |
490/1 |
- | 539 | - | - | - | 488 | - | 5,994 | - | - | 202 | 216 | 210 | 204 | |
| Balance sheet: equity and liabilities | |||||||||||||||
10/49 |
38,842 | 44,994 | 45,176 | 46,289 | 55,424 | 57,400 | 65,204 | 76,880 | 107,714 | 162,806 | 142,346 | 136,698 | 125,782 | 125,303 | |
10/15 |
36,797 | 41,968 | 42,819 | 46,135 | 54,591 | 57,400 | 53,417 | 52,112 | 92,945 | 101,417 | 115,617 | 112,487 | 102,197 | 102,832 | |
10/11 |
75,000 | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | 74,395 | 74,395 | 74,395 | 74,395 | 74,395 | |
100 |
75,000 | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | |
101 |
- | - | - | - | - | - | - | - | - | 605 | 605 | 605 | 605 | 605 | |
13 |
7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | |
130 |
7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | |
14 |
-45,703 | -40,532 | -39,681 | -36,365 | -27,909 | -25,100 | -29,083 | -30,388 | 10,445 | 19,522 | 33,722 | 30,592 | 20,302 | 20,938 | |
17/49 |
2,046 | 3,027 | 2,357 | 155 | 834 | - | 11,787 | 24,767 | 14,769 | 61,389 | 26,729 | 24,211 | 23,585 | 22,470 | |
17 |
- | - | - | - | - | - | - | - | - | - | 2,334 | 6,127 | 9,672 | - | |
170/4 |
- | - | - | - | - | - | - | - | - | - | 2,334 | 6,127 | 9,672 | - | |
42/48 |
2,046 | 3,027 | 2,357 | 155 | 834 | - | 11,514 | 22,069 | 12,256 | 56,334 | 24,395 | 18,084 | 13,913 | 22,470 | |
42 |
- | - | - | - | - | - | - | - | - | 3,641 | 3,793 | 3,545 | 3,312 | 731 | |
43 |
- | - | - | - | - | - | - | 5,554 | - | - | - | - | - | - | |
430/8 |
- | - | - | - | - | - | - | 5,554 | - | - | - | - | - | - | |
44 |
1,801 | 2,832 | 2,357 | 155 | 240 | - | 9,818 | 15,376 | 11,557 | 14,327 | 9,790 | 4,234 | 4,747 | 8,493 | |
440/4 |
1,801 | 2,832 | 2,357 | 155 | 240 | - | 9,818 | 15,376 | 11,557 | 14,327 | 9,790 | 4,234 | 4,747 | 8,493 | |
45 |
245 | 195 | - | - | 594 | - | 1,696 | 1,139 | 699 | 8,366 | 10,812 | 10,306 | 5,605 | 8,262 | |
450/3 |
245 | 195 | - | - | 594 | - | 1,696 | 1,139 | 699 | 8,366 | 10,812 | 10,306 | 5,605 | 8,262 | |
47/48 |
- | - | - | - | - | - | - | - | - | 30,000 | - | - | 249 | 4,984 | |
492/3 |
- | - | - | - | - | - | 273 | 2,699 | 2,513 | 5,055 | - | - | - | - | |
| Income statement | |||||||||||||||
70 |
- | - | - | - | - | - | - | 17,466 | - | 17,911 | 42,997 | 51,893 | 52,342 | - | |
9900 |
-6,105 | -2,506 | -5,198 | -7,393 | -4,533 | 7,786 | 2,371 | 155 | 43,794 | -4,203 | 10,605 | 24,234 | 8,674 | 20,170 | |
60/61 |
- | - | - | - | - | - | - | 18,884 | 56,898 | 31,636 | 36,216 | 29,393 | 55,702 | - | |
630 |
- | - | 0 | 159 | 472 | 472 | 313 | 1,707 | 5,382 | 5,881 | 6,079 | 6,080 | 5,718 | 5,329 | |
631/4 |
- | - | - | - | - | - | - | 41,381 | 46,000 | 4,792 | - | - | - | - | |
640/8 |
1,000 | 673 | 769 | 761 | 842 | 6,312 | 586 | 983 | 896 | 460 | 348 | 348 | 347 | 360 | |
66A |
- | - | - | - | - | - | - | - | 175 | - | - | - | - | - | |
9901 |
-7,105 | -3,180 | -5,967 | -8,314 | -5,847 | 1,002 | 1,472 | -43,916 | -8,484 | -15,336 | 4,178 | 17,807 | 2,609 | 14,481 | |
75/76B |
2,534 | 2,609 | 2,724 | 8 | 3,189 | 3,187 | - | - | 2,941 | 2,748 | 2,090 | 847 | 25 | 57 | |
75 |
2,534 | 2,609 | 2,724 | 8 | 3,189 | 3,187 | - | - | 2,941 | 2,748 | 2,090 | 847 | 25 | 57 | |
65/66B |
84 | 85 | 73 | 55 | 82 | 139 | 167 | 102 | 3,082 | 1,611 | 305 | 911 | 622 | 324 | |
65 |
84 | 85 | 73 | 55 | 82 | 139 | 167 | 102 | 3,082 | 1,611 | 305 | 911 | 622 | 324 | |
9903 |
-4,655 | -656 | -3,316 | -8,361 | -2,740 | 4,049 | 1,305 | -44,019 | -8,800 | -14,199 | 5,963 | 17,743 | 2,012 | 14,214 | |
67/77 |
516 | 195 | - | 95 | 69 | 67 | - | - | 277 | 1 | 2,833 | 7,453 | 2,648 | 7,038 | |
9904 |
-5,171 | -851 | -3,316 | -8,456 | -2,809 | 3,982 | 1,305 | -44,019 | -9,077 | -14,200 | 3,130 | 10,290 | -636 | 7,176 | |
9905 |
-5,171 | -851 | -3,316 | -8,456 | -2,809 | 3,982 | 1,305 | -44,019 | -9,077 | -14,200 | 3,130 | 10,290 | -636 | 7,176 | |
| Appropriation of the result | |||||||||||||||
9906 |
-45,703 | -40,532 | -39,681 | -36,365 | -27,909 | -25,100 | -29,083 | -30,388 | 10,445 | 19,522 | 33,722 | 30,592 | 20,302 | 20,938 | |
| Document | |||||||||||||||
The accounts for 5 older financial years (2002-2006) were filed as documents without figures as data, scans for example.
Source: Annual accounts 2020 (PDF), filed on 29-09-2020.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2020 | micro format | 29-09-2020 | 2020-58100487 | |
| 31-03-2019 | micro format | 19-09-2019 | 2019-65000052 | |
| 31-03-2018 | micro format | 24-09-2018 | 2018-64200505 | |
| 31-03-2017 | full format | 15-09-2017 | 2017-61000193 | |
| 31-03-2016 | full format | 26-09-2016 | 2016-61700301 | |
| 31-03-2015 | full format | 25-09-2015 | 2015-61900080 | |
| 31-03-2014 | full format | 31-10-2014 | 2014-66300019 | |
| 31-03-2013 | full format | 30-11-2013 | 2013-67800353 | |
| 31-03-2012 | abbreviated format | 31-10-2012 | 2012-63000294 | |
| 31-03-2011 | full format | 07-12-2011 | 2011-63200127 | |
| 31-03-2010 | full format | 30-11-2010 | 2010-62300037 | |
| 31-03-2009 | full format | 14-10-2009 | 2009-81500354 | |
| 31-03-2008 | full format | 30-09-2008 | 2008-76800364 | |
| 31-03-2007 | full format | 25-09-2007 | 2007-73900030 | |
| 31-03-2006 | full format | 28-09-2006 | 2006-81400168 | |
| 31-03-2005 | full format | 11-10-2005 | 2005-81802548 | |
| 31-03-2004 | full format | 23-09-2004 | 2004-66101839 | |
| 31-03-2003 | full format | 16-10-2003 | 2003-74400069 | |
| 31-03-2002 | full format | 15-10-2002 | 2002-65200122 |
| Line | Trend | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | -5,967 | -8,154 | -5,375 | 1,474 | 1,784 | -42,209 | -3,102 | -9,455 | 10,257 | 23,887 | 8,327 | 19,810 | ||
| - | - | -3,316 | -8,297 | -2,337 | 4,454 | 1,617 | -42,311 | -3,696 | -8,319 | 9,209 | 16,370 | 5,082 | 12,505 | ||
| - | - | -0 | 0 | 0 | 478 | 938 | 1,345 | 0 | 0 | 1,750 | 1,810 | 25,100 | 2,497 | ||
| -224 | 46 | -97 | -3,110 | -50 | 1,637 | -755 | 1,028 | -5 | 521 | -13,022 | 4,299 | -16,436 | - | ||
| 36,797 | 41,968 | 42,819 | 46,134 | 54,431 | - | 53,065 | 52,813 | 93,098 | 98,730 | 104,328 | 100,662 | 89,647 | 91,374 | ||
| - | - | - | - | - | - | - | - | - | -85.6% | 9.7% | 34.3% | 5.0% | - | ||
| 94.7% | 93.3% | 94.8% | 99.7% | 98.5% | 100.0% | 81.9% | 67.8% | 86.3% | 62.3% | 81.2% | 82.3% | 81.2% | 82.1% | ||
| 18.99 | 14.87 | 19.16 | - | 66.28 | - | 5.61 | 3.39 | 8.60 | 2.75 | 5.28 | 6.57 | 7.44 | 5.07 | ||
| 13.98 | 11.48 | 14.82 | - | 54.01 | - | 4.72 | 2.93 | 4.38 | 1.02 | 1.69 | 1.73 | 1.16 | 1.18 | ||
| 0.06 | 0.07 | 0.06 | 0.00 | 0.02 | - | 0.22 | 0.48 | 0.16 | 0.61 | 0.23 | 0.22 | 0.23 | 0.22 | ||
| -14.1% | -2.0% | -7.7% | -18.3% | -5.1% | 6.9% | 2.4% | -84.5% | -9.8% | -14.0% | 2.7% | 9.1% | -0.6% | 7.0% | ||
| -13.3% | -1.9% | -7.3% | -18.3% | -5.1% | 6.9% | 2.0% | -57.3% | -8.4% | -8.7% | 2.2% | 7.5% | -0.5% | 5.7% | ||
| - | - | - | - | - | - | - | 446 days | - | 373 days | 115 days | 6 days | 43 days | - | ||
| - | - | - | - | - | - | - | 297 days | 74 days | 165 days | 99 days | 53 days | 31 days | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2020 is a loss of €7,105, larger than the loss of €3,180 in 2019. It is the lowest result since 2017.
Debt's share of the balance-sheet total falls from 6.7% to 5.3%. Equity and debt are lower.
15 other companies of this director went bankrupt (2024, 2025, 2026), 2 were judicially dissolved (2024, 2026) and 1 was struck off by the FPS Economy (2024).
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.
GLIDA has no parent and no holdings in its annual accounts. BHUTTA Irfan Hamid is the only director.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
GLIDA is no longer in the KBO register.
If something looks wrong or is missing, please tell us.