GLIM SERVICE
ActiveGLIM SERVICE has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €527k and a net result of €88k. Equity is growing by ~22.2% per year across the filed fiscal years. Its solvency ranks better than 13% of 272 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability50▲+4
Solvency34▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.98 against 1.01 in 2024; short-term debt: 40.5% and cash: 3.6% of total assets), and 90.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
9.3%
Return on assets
1.6%
Age of the figures
9 mo
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Sector 16
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 272 sector peers (2025).
NBB · sector comparisonPosition among 272 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 30-12-2025 was due by 30-07-2026 and was filed on 28-08-2026, 29 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
29 d late
2024
2 d early
2023
on the day
2022
44 d early
2021
33 d early
2019
49 d early
2018
33 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-12-2026 and is due by 30-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today30-12-2026 close30-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€527k▲ 0.7%
2024 · €523k
2018: €134k
2019: €158k
2021: €216k
2022: €239k
2023: €487k
2024: €523k
2018 → 2025
Total assets
€5.68M▲ 4.4%
2024 · €5.44M
2018: €409k
2019: €622k
2021: €1.26M
2022: €5.29M
2023: €5.57M
2024: €5.44M
2018 → 2025
Net result
€88k▲ 3.3%
2024 · €85k
2018: €16k
2019: €24k
2021: €68k
2022: €22k
2023: €249k
2024: €85k
2018 → 2025
Working capital
€-46k
2024 · €17k
2018: €248k
2019: €254k
2021: €169k
2022: €134k
2023: €48k
2024: €17k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€216k-€239k▲ 10.4%€487k▲ 104%€523k▲ 7.3%€527k▲ 0.7%
Operating result€101k-€42k▼ 58.8%€286k▲ 584%€283k▼ 1.1%€284k▲ 0.4%
Net result€68k-€22k▼ 67.1%€249k▲ 1,010%€85k▼ 65.7%€88k▲ 3.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 0% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.61M
Fixed assets
€3.35M▼ 4.3%
Current assets
€2.26M▲ 22.8%
Equity and liabilities €5.68M
Equity
€527k▲ 0.7%
Debt
€5.16M▲ 4.8%
The debt ratio rises from 90.4% to 90.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€569k▲
2024 · €549k
Cash flow
€373k▲
2024 · €352k
Solvency
9.3%▼
2024 · 9.6%
Current ratio
0.98▼
2024 · 1.01
Quick ratio
0.80▼
2024 · 0.81
Debt / equity
9.79▲
2024 · 9.41
ROE
16.8%▲
2024 · 16.3%
ROA
1.6%▼
2024 · 1.6%
Interest coverage
3.53▲
2024 · 3.08
Debt
€5.16M▲
2024 · €4.92M
Debt ≤ 1 year
€2.30M▲
2024 · €1.82M
Debt > 1 year
€2.84M▼
2024 · €3.09M
Income taxes
€37k▲
2024 · €19k
Staff costs
€1.32M▲
2024 · €1.05M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€5.44M€5.68M▲
Formation expenses20€105k€75k▼
Fixed assets21/28€3.50M€3.35M▼
Tangible fixed assets22/27€3.50M€3.35M▼
Plant, machinery and equipment23€67k€82k▲
Furniture and vehicles24€58k€67k▲
Leasing and similar rights25€3.32M€3.15M▼
Other tangible fixed assets26€57k€50k▼
Financial fixed assets28€1k€1k=
Current assets29/58€1.84M€2.26M▲
Stocks and contracts in progress3€370k€419k▲
Stocks30/36€195k€249k▲
Contracts in progress37€175k€170k▼
Amounts receivable within one year40/41€1.09M€1.56M▲
Trade receivables40€1.02M€1.46M▲
Other amounts receivable41€70k€101k▲
Cash at bank and in hand54/58€323k€204k▼
Deferred charges and accrued income490/1€58k€78k▲
Equity and liabilities
Total equity and liabilities10/49€5.44M€5.68M▲
Equity10/15€523k€527k▲
Contributions10/11€6k€6k=
Reserves13€105k€21k▼
Tax-exempt reserves132€19k€19k=
Distributable reserves133€86k€2k▼
Profit (loss) carried forward14€412k€500k▲
Amounts payable17/49€4.92M€5.16M▲
Amounts payable after more than one year17€3.09M€2.84M▼
Financial debts170/4€3.09M€2.84M▼
Amounts payable within one year42/48€1.82M€2.30M▲
Current portion of amounts payable after more than one year42€311k€318k▲
Financial debts43€512k€750k▲
Credit institutions430/8€512k€750k▲
Trade debts44€788k€603k▼
Suppliers440/4€788k€603k▼
Advances received on contracts in progress46-€200k
Taxes, remuneration and social security45€159k€297k▲
Taxes450/3-€67k
Remuneration and social security454/9€159k€230k▲
Other amounts payable47/48€50k€134k▲
Accrued charges and deferred income492/3€10k€12k▲
Income statement
Code20242025
Remuneration, social security and pensions62€1.05M€1.32M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€267k€285k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€28k
Other operating charges640/8€20k€22k▲
Gross operating margin9900€1.62M€1.94M▲
Operating profit (loss)9901€283k€284k▲
Financial income75/76B-€3k
Recurring financial income75-€3k
Financial charges65/66B€179k€161k▼
Recurring financial charges65€179k€161k▼
Profit (loss) for the period before taxes9903€104k€125k▲
Income taxes67/77€19k€37k▲
Profit (loss) for the period9904€85k€88k▲
Profit (loss) for the period to be appropriated9905€85k€88k▲
Appropriation of the result
Profit (loss) to be appropriated9906€462k€500k▲
Profit (loss) brought forward from the previous period14P€376k€412k▲
Transfer from equity791/2-€84k
Profit to be distributed694/7€50k€84k▲
Return on contributions (dividend)694-€84k
Directors or managers695€50k-
Social balance
Average headcount (FTE)908716.620.8▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 29 days late
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-12
Financial
Equity above €500kEq €523k ▲7.3%
6 profitable years in a row build equity to €523k.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-12
Financial
Highest result since 2018net €249k ▲1010%
Operating result €286k, net result €249k, both a record.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-12
Financial
Equity above €200kEq €216k ▲36.9%
3 profitable years in a row build equity to €216k.
2020
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €150kEq €158k ▲18.2%
2 profitable years in a row build equity to €158k.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
07-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 7 days late
2016
05-07
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.
Directors · office · real estate
Directors
5 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, Bilzen-Hoeselt · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Twaalfbunderweg 103740 Bilzen-HoeseltGround area
1.1 ha
Building footprint
3,639 m²
Parcel 73006A0089/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
GLIM SERVICE
since 20102.187.465.311
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73006A0089/00A000 | Flanders | 1.1 ha | 1 · 3,639 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 53,813 EUR awarded · 6,612 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 1,043 EUR | 1,043 EUR |
| 2024 | 2 | 47,599 EUR | 399 EUR |
| 2023 | 2 | 4,557 EUR | 4,690 EUR |
| 2022 | 1 | 614 EUR | 480 EUR |
Schemes
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
1 categoryGLIM SERVICE BV38006
Similar companies · same sector, comparable size
HEDACH
BE 0460.281.331
Büllingen · Eq €525k
WAAIE
BE 0825.849.288
Opwijk · Eq €524k
LAMIPRESS
BE 0460.645.575
Bornem · Eq €529k
D.W.K.
BE 0435.431.317
Arendonk · Eq €520k
Les copains des bois
BE 0791.266.018
Chastre · Eq €536k
Of 1,600 companies in sector 16230 we hold annual accounts for 782. 542 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-04-2010
Fiscal year end30-12
Activities, NACEBEL
16230Manufacture of other builders' carpentry and joinery
42219Civil engineering
25510Coating of metals
25610Manufacture of fabricated metal products, except machinery and equipment
43240Other construction installation
43299Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.