Glittek
ActiveSummary
Glittek has been active since 1996 and the Belgian Official 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 financial years (±2.2% per year). Its solvency ranks better than 9% of 6,152 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Activity
Wholesale of construction materials, general range
NACE 46831
1 site
Size
≈ €2.2mturnover 2025, estimated
- Equity
- €354,092
- Loss
- -€280,241
Turnover estimated from the gross marginNet result -335%: restructuring
Structure
- Parent
- PMC GROEP · 99.42%
- HULLEBUSCH CharlotteDirector
- HULLEBUSCH Maarten HanDirector
- GLITTEKDirector
2025 accounts 7 days early3 of 10 deeds summarised
Why 86raises riskLiquidity: current ratio 0.03, cash €94,231Equity €354,092 (2.1% of total assets)lowers riskSize: total assets €16.6mFounded in 1996Show the evidence
Checked score
Score 2025
86
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 9% of its sector peers (NACE 46, medium-sized)
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).
Last 24 months
11-2024: 0.1%
12-2024: 0.1%● unchanged vs 11-2024
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.2%▲ +0.1 percentage points vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 0.2%▼ -0.1 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.3%▲ +0.1 percentage points vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026highest value
08-2026: 0.1%▼ -0.2 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.03, compared with 0.1 in 2024, below 1; short-term debt: 97.7% and cash: 0.6% of total assets), and 97.9% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 46, medium-sized): better than 7% on solvency, 2% on liquidity, 18% on profitability and 6% on growth.
The bankruptcy probability was computed on 28-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Seven signals.
lowers riskraises riskneutral
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 2025Net 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 6152 sector peers (2025).
NBB · sector comparisonPosition among 6152 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 filingsDeviation from the deadline
2025
7 days early
2024
on the day
2023
on the day
2022
40 days late
2021
71 days late
2020
17 days early
2019
31 days 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 (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 August (4 of the last 5 filed years within 39 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · full…
- Weakest financial yearnet -€280,241
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, full format
Turnover
≈ €2.2m
Estimated: probably between €1.4m and €3.6m
EBIT margin
Not included in this filing
Net result
-€280,241▼ 335%
2024 · -€64,490
Working capital
-€15.7m▼ 365%
2024 · -€3.4m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €150,969 after €18,207 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.2m
2025
Net result-€0.3m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€16.6m
2025
Equity€0.4m
2025
Debt€16.2m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€15.7m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-1.7%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency2.1%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.03
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.08m-€0.1m▲ 19.9%€0.06m▼ 44.0%€0.08m▲ 33.5%€0.1m▲ 47.4%€0.1m▼ 3.3%€0.02m▼ 83.1%-€0.2m
Net result€0.05m-€0.09m▲ 69.0%€0.04mwithin the sector's middle half▼ 60.3%€0.04mwithin the sector's middle half▲ 20.8%€0.08mabove the sector's middle half▲ 75.1%€0.05mwithin the sector's middle half▼ 39.1%-€0.06mbelow the sector's middle half-€0.3mbelow the sector's middle half▼ 335%
Equity€1.6m-€1.7m▲ 5.6%€1.8mabove the sector's middle half▲ 2.1%€1.8mabove the sector's middle half▲ 2.5%€1.9mabove the sector's middle half▲ 4.2%€1.9mabove the sector's middle half▲ 2.5%€0.6mwithin the sector's middle half▼ 67.3%€0.4mbelow the sector's middle half▼ 44.2%
Total assets€2.8m-€3.5m▲ 24.5%€3.7mabove the sector's middle half▲ 5.2%€3.6mabove the sector's middle half▼ 3.1%€3.6mabove the sector's middle half▼ 1.1%€3.8mabove the sector's middle half▲ 5.1%€4.4mabove the sector's middle half▲ 17.9%€16.6mabove the sector's middle half▲ 274%
Debt€1.2m-€1.8m▲ 53.7%€1.9m▲ 8.6%€1.8m▼ 8.2%€1.7m▼ 6.4%€1.8m▲ 8.4%€3.8m▲ 110%€16.2m▲ 329%
Working capital€0.2m--€0.7m-€1.0mbelow the sector's middle half▼ 38.6%-€1.3mbelow the sector's middle half▼ 32.4%-€1.2mbelow the sector's middle half▲ 3.3%-€1.2mbelow the sector's middle half▲ 6.2%-€3.4mbelow the sector's middle half▼ 192%-€15.7mbelow the sector's middle half▼ 365%
Solvency57.8%-49.0%▼ 8.8pp47.5%within the sector's middle half▼ 1.5pp50.3%within the sector's middle half▲ 2.7pp53.0%within the sector's middle half▲ 2.7pp51.6%within the sector's middle half▼ 1.3pp14.3%below the sector's middle half▼ 37.3pp2.1%below the sector's middle half▼ 12.2pp
Current ratio1.50-0.40▼ 1.100.30below the sector's middle half▼ 0.100.22below the sector's middle half▼ 0.080.23below the sector's middle half▲ 0.010.34below the sector's middle half▲ 0.110.10below the sector's middle half▼ 0.240.03below the sector's middle half▼ 0.07
Return on assets (ROA)1.9%-2.6%▲ 0.7pp1.0%within the sector's middle half▼ 1.6pp1.2%within the sector's middle half▲ 0.2pp2.1%within the sector's middle half▲ 0.9pp1.2%within the sector's middle half▼ 0.9pp-1.5%below the sector's middle half▼ 2.7pp-1.7%below the sector's middle half▼ 0.2pp
above
within
below
the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
The turnover shown is an estimate from the gross margin.
Why a figure moved sharply
- 2025 Net result -335% on 2024. Demerger with IMMO DEFRUB, Official Gazette 01-10-2024, in the previous financial year; now counts for a full year for the first time. The accounts now follow the full format, last year the abbreviated format.
- 2024 Equity -67% on 2023. Demerger with IMMO DEFRUB, Official Gazette 01-10-2024. Capital reduction of €464,151 (Official Gazette 17-09-2024).
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16.6m
Fixed assets
€16.1m ▲ 299%
Current assets
€432,222 ▲ 13.9%
Equity and liabilities €16.6m
Equity
€354,092 ▼ 44.2%
Provisions
€17,136 ▼ 16.2%
Debt
€16.2m ▲ 329%
Debt's share of the balance-sheet total rises from 85.2% to 97.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€287,856▲
2024 · €222,751
Cash flow
€158,584▲
2024 · €140,054
Debt to equity
45.71▲
2024 · 5.94
ROE
-79.1%▼
2024 · -10.2%
Interest coverage
2.17▼
2024 · 2.59
Debt ≤ 1 year
€16.2m▲
2024 · €3.8m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 140 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 96.4% are still going.
- Medium-sized
- 20 years or older
- solvency under 10%
- a small loss
2.1%
went bankrupt
1.4%
stopped otherwise
96.4%
still going
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 140 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €62,618 | €152,411 | €85,001 | €56,318 | €56,481 | €56,392 | €204,544 | €438,825 | ▲ 115% |
| Other operating charges640/8 | - | - | - | €49,749 | €52,501 | €62,256 | €67,604 | €123,352 | ▲ 82.5% |
| Non-recurring operating charges66A | - | - | - | €11,981 | - | - | - | - | - |
| Gross operating margin9900 | €192,248 | €187,089 | €191,100 | €193,736 | €220,543 | €226,553 | €290,355 | €411,208 | ▲ 41.6% |
| Operating profit (loss)9901 | €84,431 | €101,247 | €56,696 | €75,687 | €111,561 | €107,906 | €18,207 | -€150,969 | - |
| Recurring financial income75 | €11,815 | €88,368 | €12,787 | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €14,565 | €12,292 | €45,334 | €86,000 | €132,574 | ▲ 54.2% |
| Recurring financial charges65 | €18,783 | €18,944 | €20,961 | €14,565 | €12,292 | €45,334 | €86,000 | €132,574 | ▲ 54.2% |
| Profit (loss) for the period before taxes9903 | €77,463 | €128,725 | €48,522 | €61,123 | €99,269 | €62,571 | -€67,793 | -€283,543 | ▼ 318% |
| Transfer from deferred taxes780 | - | - | - | €3,302 | €3,302 | €3,302 | €3,302 | €3,302 | = |
| Income taxes67/77 | €26,765 | €40,748 | €15,616 | €20,677 | €25,949 | €19,240 | - | - | - |
| Profit (loss) for the period9904 | €54,000 | €91,280 | €36,208 | €43,748 | €76,622 | €46,633 | -€64,490 | -€280,241 | ▼ 335% |
| Transfer from tax-exempt reserves789 | - | - | - | €6,413 | €6,413 | €6,413 | €1,731 | - | - |
| Profit (loss) for the period to be appropriated9905 | €60,413 | €97,693 | €42,621 | €50,161 | €83,035 | €53,047 | -€62,760 | -€280,241 | ▼ 347% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.8m | €3.5m | €3.7m | €3.6m | €3.6m | €3.8m | €4.4m | €16.6m | ▲ 274% |
| Fixed assets21/28 | €2.2m | €3.1m | €3.3m | €3.3m | €3.2m | €3.1m | €4.0m | €16.1m | ▲ 299% |
| Tangible fixed assets22/27 | €2.2m | €3.1m | €3.3m | €3.3m | €3.2m | €3.1m | €4.0m | €16.0m | ▲ 306% |
| Land and buildings22 | - | - | - | €2.8m | €2.7m | €2.7m | €3.5m | €15.6m | ▲ 346% |
| Other tangible fixed assets26 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Financial fixed assets28 | - | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | €0.09m | €0.09m | = |
| Current assets29/58 | €0.6m | €0.5m | €0.4m | €0.4m | €0.4m | €0.6m | €0.4m | €0.4m | ▲ 13.9% |
| Amounts receivable within one year40/41 | €0.2m | €0.1m | €0.2m | €0.3m | €0.3m | €0.5m | €0.3m | €0.3m | ▲ 2.1% |
| Trade receivables40 | - | - | - | €0.003m | €0.002m | €0.2m | - | - | - |
| Other amounts receivable41 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 2.1% |
| Cash at bank and in hand54/58 | €0.1m | €0.1m | €0.05m | €0.03m | €0.04m | €0.05m | €0.03m | €0.09m | ▲ 259% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.003m | €0.02m | €0.02m | €276 | ▼ 98.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.8m | €3.5m | €3.7m | €3.6m | €3.6m | €3.8m | €4.4m | €16.6m | ▲ 274% |
| Equity10/15 | €1.6m | €1.7m | €1.8m | €1.8m | €1.9m | €1.9m | €0.6m | €0.4m | ▼ 44.2% |
| Contributions10/11 | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.3m | €0.3m | = |
| Capital10 | - | - | - | €0.7m | €0.7m | €0.7m | €0.3m | €0.3m | = |
| Issued capital100 | - | - | - | €0.7m | €0.7m | €0.7m | €0.3m | €0.3m | = |
| Reserves13 | €0.9m | €1.0m | €1.0m | €1.1m | €1.2m | €1.2m | €0.4m | €0.09m | ▼ 76.2% |
| Non-distributable reserves130/1 | - | - | - | €0.03m | €0.04m | €0.04m | €0.02m | €0.02m | = |
| Legal reserve130 | - | - | - | €0.03m | €0.04m | €0.04m | €0.02m | €0.02m | = |
| Tax-exempt reserves132 | - | - | - | €0.06m | €0.05m | €0.05m | - | - | - |
| Distributable reserves133 | - | - | - | €1.0m | €1.1m | €1.1m | €0.4m | €0.07m | ▼ 79.8% |
| Provisions and deferred taxes16 | €0.05m | €0.04m | €0.03m | €0.03m | €0.03m | €0.02m | €0.02m | €0.02m | ▼ 16.2% |
| Deferred taxes168 | - | - | - | €0.03m | €0.03m | €0.02m | €0.02m | €0.02m | ▼ 16.2% |
| Amounts payable17/49 | €1.2m | €1.8m | €1.9m | €1.8m | €1.7m | €1.8m | €3.8m | €16.2m | ▲ 329% |
| Amounts payable after more than one year17 | €0.7m | €0.6m | €0.5m | €0.1m | €0.05m | €0.02m | - | - | - |
| Financial debts170/4 | - | - | - | €0.1m | €0.05m | €0.02m | - | - | - |
| Amounts payable within one year42/48 | €0.4m | €1.2m | €1.4m | €1.6m | €1.6m | €1.8m | €3.8m | €16.2m | ▲ 330% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.09m | €0.02m | €0.02m | - | - |
| Financial debts43 | - | - | - | €1.0m | €1.0m | €0.6m | €1.9m | €12.8m | ▲ 572% |
| Credit institutions430/8 | - | - | - | €1.0m | €1.0m | €0.6m | €1.9m | €12.8m | ▲ 572% |
| Other loans439 | - | - | - | €0.007m | €0.007m | - | - | - | - |
| Trade debts44 | €0.001m | €0.001m | €0.001m | €0.003m | €0.005m | €0.03m | €0.03m | €0.007m | ▼ 78.0% |
| Suppliers440/4 | - | - | - | €0.003m | €0.005m | €0.03m | €0.03m | €0.007m | ▼ 78.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.005m | €0.006m | €0.006m | €0.02m | ▲ 259% |
| Taxes450/3 | - | - | - | €0.01m | €0.005m | €0.006m | €0.006m | €0.02m | ▲ 259% |
| Other amounts payable47/48 | - | - | - | €0.5m | €0.5m | €1.1m | €1.8m | €3.4m | ▲ 87.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | €139 | €0.003m | €0.008m | €0.01m | ▲ 55.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.05m | €0.09m | €0.04m | €0.04m | €0.08m | €0.05m | -€0.06m | -€0.3m | ▼ 335% |
| + Depreciation and write-downs630 | €0.06m | €0.2m | €0.09m | €0.06m | €0.06m | €0.06m | €0.2m | €0.4m | ▲ 115% |
| Operating cash flow (approximation) | €0.1m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 13.2% |
| Investment in fixed assets (approximation) | - | -€1.0m | -€0.3m | €0 | €0 | €0 | -€1.1m | -€12.5m | ▼ 1,033% |
| Change in cash | - | -€0.004m | -€0.07m | -€0.02m | €0.01m | €0.01m | -€0.03m | €0.07m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 30 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 24-07-2026 | 2026-00328440 |
| 31-12-2024 | abbreviated format | 31-07-2025 | 2025-00342608 |
| 31-12-2023 | abbreviated format | 31-07-2024 | 2024-00314528 |
| 31-12-2022 | micro format | 09-09-2023 | 2023-00442940 |
| 31-12-2021 | abbreviated format | 10-10-2022 | 2022-20456259 |
| 31-12-2020 | abbreviated format | 14-07-2021 | 2021-35500388 |
| 31-12-2019 | abbreviated format | 31-08-2020 | 2020-49100298 |
| 31-12-2018 | abbreviated format | 21-08-2019 | 2019-48700075 |
| 31-12-2017 | abbreviated format | 30-08-2018 | 2018-58400016 |
| 31-12-2016 | abbreviated format | 13-07-2017 | 2017-31100122 |
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BE 0400.264.263
Zottegem · equity €355,438
Of the 1,767 active companies whose main activity is wholesale of construction materials, general range (NACE 46831), figures are known for 1,401. 1,014 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
3 directors, last change in 2024
HULLEBUSCH Charlotte
CurrentDirector · since 23-02-2024
HULLEBUSCH Maarten Han
CurrentDirector · since 23-02-2024
GLITTEK
CurrentDirector · since 06-06-2024 · Legal entity · from a recent deed
"From a recent act": read from a Gazette act not yet processed into our list of directors.
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
7 of this company's 10 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
6 people since 2024, 3 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| HULLEBUSCH Charlotte |
|
| HULLEBUSCH Maarten Han |
|
| GLITTEKfrom an act |
|
| Carine Popelier |
|
| HULLEBUSCH Pieter-Jan Stijn |
|
| PMC GROEP |
|
Owners and capital
Owners
1 ownerChain of control
- PMC GROEP
- Glittek
Highest known parent: PMC GROEP. The sources do not say who stands above it.
Owners 1
- PMC GROEPparentSourceaccounts PMC GROEP 202599.42%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
Capital over the years
- 17-09-2024 Capital reduction of €464,151.44 · to €266,424.96 · in a demerger
- 05-03-2024 Capital stated in the deed · €730,576.40 · 2,603 shares
Group and network
Connections & network
6 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
MHB
via HULLEBUSCH Maarten Han · Permanent representative
→
HULLEBUSCH
via HULLEBUSCH Charlotte · Director
former→
VB-LOGISTICS
via HULLEBUSCH Maarten Han · Director (not named in the articles)
former→
DEFRUB
Shared director
→
Show 2 more companies with a shared director
PJHB
Shared director
→
IMMO DEFRUB
Shared corporate director
→
Acquisitions and mergers
1 transactionDemerger with:IMMO DEFRUB
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
financial year 2025 · full format
2025
31-12
Financial
Weakest financial yearnet -€280,241
Net result drops to -€280,241, the lowest in the series.
31-07
NBB filing
Annual accounts filed
financial year 2024 · abbreviated format
2024
17-09
Gazette deed
Capital & shares · RestructuringAuditor report · Capital · Merger25 facts ▸
Gazette deed
Capital & shares · Restructuring
Auditor report · Capital · Merger25 facts ▸
- General meeting, 11-07-2024
- Other provision, “waiver of full reading of partial demerger proposal” (deed in Dutch)
- Other provision, “exemption from preparing report under article 12:81 WVV, eenparigheid van stemmen” (deed in Dutch)
- Other provision, “article 12:77 WVV not applicable, aandelen worden uitgegeven evenredig aan aandeel in eigen vermogen” (deed in Dutch)
- Other provision, “article 12:78 WVV not applicable, aandelen worden uitgegeven evenredig aan aandeel in eigen vermogen” (deed in Dutch)
- Other provision, 23-06-2024
- Auditor report, 21-06-2024
- Other provision, “bevoegde ondernemingsrechtbank, filing of reports with deed” (deed in Dutch)
- Other provision, “waiver of full reading of reports on in-kind contribution” (deed in Dutch)
- Other provision, “no significant changes in assets and liabilities since proposal date”, 11-07-2024 (deed in Dutch)
- Capital, €730,576.40
- Merger, “partiele splitsing, actief en passief overgaat zonder ontbinding” (deed in Dutch)
- +13 further facts in this act
31-07
NBB filing
Annual accounts filed
financial year 2023 · abbreviated format
06-06
Gazette deed
Restructuring · MiscellaneousPermanent representatives: Johan Hullebusch, Maarten Hullebusch and Pieter-Jan Hullebusch · Appointments: GLITTEK (director) and NV PMC GROEP (director) · Demerger24 facts ▸
Gazette deed
Restructuring · Miscellaneous
Permanent representatives: Johan Hullebusch, Maarten Hullebusch and Pieter-Jan Hullebusch · Appointments: GLITTEK (director) and NV PMC GROEP (director) · Demerger24 facts ▸
- Demerger, “partiële splitsing door oprichting, van rechtswege en gelijktijdig” (deed in Dutch)
- Other provision, “per aandeel partieel te splitsen vennootschap één(1)nieuw aandeel overnemende vennootschap, ruilverhouding en opleg” (deed in Dutch)
- Share issue, “ondertekening door gedelegeerde namens overnemende vennootschap en door aandeelhouders of gevolmachtigde, 4 weken na publicatie splitsingsbesluit in bijlagen Be…” (deed in Dutch)
- Other provision, “winstgerechtigdheid uitgereikte aandelen”, 01-01-2024 (deed in Dutch)
- Accounting effect, 01-01-2024
- Other provision, “rechten bijzondere aandeelhouders en houders andere effecten” (deed in Dutch)
- Auditor report, “aandelen nieuwe vennootschap uitgegeven evenredig aan rechten in kapitaal vennootschap, artikel 12:78 WVV” (deed in Dutch)
- Other provision, “bijzondere voordelen leden bestuursorganen” (deed in Dutch)
- Other provision, 31-12-2023, 0
- Other provision, “naar verhouding tot bestaand aandelenbezit, per aandeel partieel te splitsen vennootschap één(1)nieuw aandeel overnemende vennootschap” (deed in Dutch)
- Shareholding, “naar verhouding tot aandelenbezit”, 2588 (deed in Dutch)
- Shareholding, “naar verhouding tot aandelenbezit”, 5 (deed in Dutch) (3 times)
- +12 further facts in this act
05-03
Gazette deed
Permanent representative: HULLEBUSCH Johan Geert NoëlResignations: HULLEBUSCH Pieter-Jan Stijn, Carine Popelier and PMC GROEP · Reappointments: PMC GROEP, HULLEBUSCH Pieter-Jan Stijn and Carine Popelier · Appointments: HULLEBUSCH Maarten Han (director) and HULLEBUSCH Charlotte (director)18 facts ▸
Gazette deed
Permanent representative: HULLEBUSCH Johan Geert Noël
Resignations: HULLEBUSCH Pieter-Jan Stijn, Carine Popelier and PMC GROEP · Reappointments: PMC GROEP, HULLEBUSCH Pieter-Jan Stijn and Carine Popelier · Appointments: HULLEBUSCH Maarten Han (director) and HULLEBUSCH Charlotte (director)18 facts ▸
- General meeting, “buitengewone algemene vergadering van aandeelhouders” (deed in Dutch)
- Amendment of the articles (2 times)
- Capital, €730,576.40
- Permanent representative, HULLEBUSCH Johan Geert Noël (2 times)
- Director resignation, HULLEBUSCH Pieter-Jan Stijn (director)
- Director resignation, Carine Popelier (director)
- Director resignation, PMC GROEP (director)
- Director reappointment, PMC GROEP (director)
- Director reappointment, HULLEBUSCH Pieter-Jan Stijn (director)
- Director appointment, HULLEBUSCH Maarten Han (director)
- Director appointment, HULLEBUSCH Charlotte (director)
- Director reappointment, Carine Popelier (director)
- +6 further facts in this act
2023
09-09
NBB filing
Annual accounts filed
financial year 2022 · micro format · 40 days late
2022
10-10
NBB filing
Annual accounts filed
financial year 2021 · abbreviated format · 71 days late
2021
14-07
NBB filing
Annual accounts filed
financial year 2020 · abbreviated format
2020
31-08
NBB filing
Annual accounts filed
financial year 2019 · abbreviated format · 31 days late
2019
31-12
Financial
Highest result from 2018 to 2025net €91,280 ▲69%
Net result €91,280, the highest in the series.
Show earlier events
21-08
NBB filing
Annual accounts filed
financial year 2018 · abbreviated format · 21 days late
2018
30-08
NBB filing
Annual accounts filed
financial year 2017 · abbreviated format · 30 days late
2017
13-07
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 30 annual accounts filed, the latest 10 are here; all 30 are under Financials.
3 of 10 deeds read
About the unread acts
Of the 10 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPublic limited company
Founded29-01-1996
Financial year end31-12
Activities, NACEBEL 2025
46831Wholesale of construction materials, general range
E-invoicing
Reachable via Peppol
Peppol ID
0208:0457214052
Registered
12-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Dilbeek · 1 establishment unit since 1996
Ground area
5,891 m²
Building footprint
2,310 m²
Building volume
12,307 m³
Parcel 23070D0170/00T000, Flanders · tallest building 7.8 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
GLITTEK
since 1996unit no. 2.075.740.909
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23070D0170/00T000 | Flanders | 5,891 m² | 1 · 2,310 m² | 7.8 m · 2 |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het beheer van een onroerend vermogen en de huurfinanciering van onroerende goederen aan derden,het toestaan van hypothecaire leningen aan…” (deed in Dutch)
9 activities (deed in Dutch)
- Het beheer van een onroerend vermogen en de huurfinanciering van onroerende goederen aan derden,het toestaan van hypothecaire leningen aan derden,het aankopen,verkopen,ruilen,bouwen,verbouwen,onderhouden,verhuren,huren,verkavelen,prospecteren en uitbaten van onroerende goederen,het aangaan van leningen en het toestaan van hypothecaire inschrijvingen op haar onroerende goederen,hetzij tot waarborg van eigen schulden,hetzij tot waarborg van schulden van derden,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de onroerende goederen te bevorderen,alsmede zich borg stellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze onroerende goederen
- Het toestaan van leningen en kredietopeningen aan vennootschappen of particulieren,onder om het even welke vorm;in dit kader kan zij zich ook borg stellen of haar aval verlenen,in de meest ruime zin,alle handels- en financiële operaties verrichten behalve die wettelijk voorbehouden zijn aan depositobanken,houders van deposito’s op korte termijn,spaarkassen,hypotheekmaatschappijen en kapitalisatieondernemingen
- Het bevorderen van de oprichting van vennootschappen door inbreng,participaties of investering
- Het verlenen van adviezen van financiële,technische,commerciële of administratieve aard;in de ruimste zin,ter uitzondering van adviesverschaffing inzake beleggingen en geldplaatsingen;bijstand en diensten verlenen,rechtstreeks of onrechtstreeks op het vlak van administratie en financiën,verkoop,productie en algemeen bestuur
- Het waarnemen van alle bestuursopdrachten,het uitoefenen van opdrachten en functies in andere ondernemingen of vennootschappen
- Het ontwikkelen,kopen,verkopen,in licentie nemen of geven van octrooien,know-how,en aanverwante immateriële duurzame activa
- Het verlenen van administratieve prestaties en computerservices voor rekening van derden
- De aan-en verkoop,in-en uitvoer,commissiehandel en vertegenwoordiging van om het even welke goederen,in ’t kort tussenpersoon in de handel
- Het onderzoek,de ontwikkeling,de vervaardiging of commercialisering van nieuwe producten,nieuwe technologieën en hun toepassingen
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- GLITTEK
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bestuursorgaan bij eenvoudige beslissing” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Overblijvende bestuurders als college blijven beslissen of coöpteren voor resterende duur;eerstvolgende algemene vergadering moet…” (deed in Dutch)“Dag gewone of bijzondere algemene vergadering met vaststelling terug meer dan twee aandeelhouders, geheel bestuursbevoegdheden…” (deed in Dutch)
Capital, shares and profit
- Share issue ruleHow and by whom new shares can be issued.
- “1 aandeel IMMO DEFRUB voor 1 aandeel GLITTEK, onmiddellijk nadat IMMO DEFRUB rechtspersoonlijkheid heeft verworven door neerlegging van haar…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Friday of June at 14:00