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Glittek

Active
Public limited companyfounded 199630 yrs activeNinoofsesteenweg 867, 1703 Dilbeek, BelgiumKBO/BCE: BE 0457.214.052
Summary

Glittek has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €354,092 and a net result of -€280,241. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 9% of 6016 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
GlittekActiveChecked score 86/100
Risk analysis ReportCompare

Overview

Activity
Wholesale of construction materials, general range
NACE 46831NACE 46731NACE 51532
1 site
Size
€16.6mtotal assets 2025
Equity
€354,092
Loss
-€280,241
Net result -335%: other schema
Financial health
86 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Parent
PMC GROEP · 99.42%
Accounts 7 d early0 of 10 deeds read
Why 86- Liquidity: current ratio 0.03, cash €94,231- Equity €354,092 (2.1% of total assets)+ Size: total assets €16.6m+ Founded in 1996Show the evidence

Checked score

Score 2025
86 / 100
Excellent
Probability in this band: under 0.55%
Better than 9% of its sector peers (NACE 46, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 27-12
equity 2.1% of total assets
Liquidity 1-3
short-term debt 97.7% · cash 0.6%
Profitability 35-4
return on assets -1.7%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (746 companies)
Last 24 months 11-2024: 0.1%lowest value 12-2024: 0.1%● 0.0% vs 11-2024lowest value 01-2025: 0.1%● 0.0% vs 12-2024lowest value 02-2025: 0.1%▲ +0.9% vs 01-2025 03-2025: 0.1%▲ +25.9% vs 02-2025 04-2025: 0.1%▲ +5.9% vs 03-2025 05-2025: 0.2%▲ +7.6% vs 04-2025 06-2025: 0.2%▲ +15.5% vs 05-2025 07-2025: 0.3%▲ +40.8% vs 06-2025 08-2025: 0.2%▼ -12.7% vs 07-2025 09-2025: 0.2%● 0.0% vs 08-2025 10-2025: 0.2%▼ -2.3% vs 09-2025 11-2025: 0.2%● 0.0% vs 10-2025 12-2025: 0.2%● 0.0% vs 11-2025 01-2026: 0.2%▼ -0.9% vs 12-2025 02-2026: 0.2%▲ +4.2% vs 01-2026 03-2026: 0.2%▲ +1.8% vs 02-2026 04-2026: 0.2%▲ +5.3% vs 03-2026 05-2026: 0.3%▲ +11.8% vs 04-2026 06-2026: 0.3%▲ +5.3% vs 05-2026 07-2026: 0.3%▲ +14.3% vs 06-2026highest value 08-2026: 0.1%▼ -54.7% vs 07-2026 09-2026: 0.1%● 0.0% vs 08-2026 10-2026: 0.1%● 0.0% vs 09-2026
  • Size: total assets €16.6m lowers the probability for this profile
  • Liquidity: current ratio 0.03, cash €94,231 raises the probability
  • Equity €354,092 (2.1% of total assets) raises the probability
  • Founded in 1996 lowers the probability for this profile
Credit up to €30,000 at 30 days acceptable
Liquidity short (current ratio 0.03 against 0.1 in 2024; short-term debt: 97.7% and cash: 0.6% of total assets), and 97.9% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, medium-sized). Better than this share of them on solvency 8%, liquidity 2%, profitability 19%, growth against the median 6%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €16.6m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.03, cash €94,231
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Equity €354,092 (2.1% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 1996
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€280,241
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 6016 sector peers (2025).
NBB · sector comparison
Position among 6016 sector peers
Solvency
better than 9%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
7 d early
2024
on the day
2023
on the day
2022
40 d late
2021
71 d late
2020
17 d early
2019
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 17 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)
neutral · 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. Usually files around 1 August (4 of the last 5 filed years within 39 days of that day).
Companies Code · seven months
Position in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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
  1. Annual accounts filedfiscal year 2025 · full…
  2. Weakest financial yearnet -€280,241
  3. Annual accounts filedfiscal year 2024 · abbreviated…

Key points

  • Caution: Result fell in 2025different schema filed ▼ 335% View
  • Caution: Among the weakest 9% on net resultsector median €114,682 · 5,959 companies -€280,241 View
  • Controlled by PMC GROEP 99.42% View
  • Caution: 2 loss-making years in a rowloss fiscal year 2025 -€280,241 View

By topic

Financials

Fiscal year
2025
Total assets
€16.6m
Loss
-€280,241
Solvency
2.1%
Total assets▲ 274%
Net result
20182025
Go to Financials

Timeline

Events
12
Since
2017
Next accounts
by 31-07-2027
  1. 24-07-2026Annual accounts filed
  2. 31-12-2025Weakest financial year
  3. 31-07-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Wholesale of construction materials, general rangeNACE 46831
Founded
29-01-1996
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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