GLLS

Active

Limited partnershipfounded 201610 yrs activeBorrewaterstraat 45, 2170 Antwerpen, BelgiumKBO/BCE: BE 0650.799.229

Summary

GLLS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €61k and a net result of €515. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 81% of 238 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysis Watch Report Compare

GLLSActiveChecked score 72/100

Risk analysis Report Compare

Checked score

Score 2025

72 / 100

Healthy

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability39▼-4

Solvency100=

Growth52▼-26

Track record100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €4k at 30 days acceptable

Liquidity ample (current ratio 3.97 against 4.01 in 2024; short-term debt: 25.2% and cash: 3.3% of total assets), and 25.2% 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+raises risk○neutral

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 31

Relative position

BE, all sectors

reference

Manufacture of furniture (NACE 31)

about 43% more bankruptcies

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

74.8%

Return on assets

0.6%

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-01-2026, 203 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

203 d early

2024

41 d late

2023

405 d late

← before the deadline after the deadline →

Checked, nothing found (2)

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.

Companies Code · seven months

Position in the running window

25-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, abbreviated schema

Equity

€61k▲ 0.8%

2024 · €61k

2023: €59klowest in 3 years 2024: €61k▲ +3.3% vs 2023 2025: €61k▲ +0.8% vs 2024highest in 3 years

2023 → 2025

Total assets

€82k▲ 1.2%

2024 · €81k

2023: €79klowest in 3 years 2024: €81k▲ +2.5% vs 2023 2025: €82k▲ +1.2% vs 2024highest in 3 years

2023 → 2025

Net result

€515▼ 73.2%

2024 · €2k

2023: €785 2024: €2k▲ +144% vs 2023highest in 3 years 2025: €515▼ -73.2% vs 2024lowest in 3 years

2023 → 2025

Working capital

€61k▲ 0.8%

2024 · €61k

2023: €59klowest in 3 years 2024: €61k▲ +3.3% vs 2023 2025: €61k▲ +0.8% vs 2024highest in 3 years

2023 → 2025

Trend over the years

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202320242025Trend

Equity€59k-€61k▲ 3.3%€61k▲ 0.8% 2023: €59klowest in 3 years 2024: €61k▲ +3.3% vs 2023 2025: €61k▲ +0.8% vs 2024highest in 3 years

Operating result€-625-€-118▲ 81.1%€-1k▼ 834% 2023: €-625 2024: €-118▲ +81.1% vs 2023highest in 3 years 2025: €-1k▼ -834% vs 2024lowest in 3 years

Net result€785-€2k▲ 144%€515▼ 73.2% 2023: €785 2024: €2k▲ +144% vs 2023highest in 3 years 2025: €515▼ -73.2% vs 2024lowest in 3 years

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €1k in 2025 against €118 in 2024; the loss grows and 2025 has the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Equity and liabilities €82k

74.8%

25.2%

Equity €61k ▲ 0.8%

Debt €21k ▲ 2.3%

Debt's share of the balance-sheet total rises from 24.9% to 25.2%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

Current ratio

3.97▼

2024 · 4.01

Debt to equity

0.34▲

2024 · 0.33

ROE

0.8%▼

2024 · 3.1%

ROA

0.6%▼

2024 · 2.4%

Debt ≤ 1 year

€21k▲

2024 · €20k

Income taxes

€172▼

2024 · €639

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

As filed By statement

Filed annual accounts As filed with the NBB · 2025 against 2024 · 28 lines

Balance sheet Code20242025

Assets

Total assets20/58€81k€82k▲

Current assets29/58€81k€82k▲

Amounts receivable within one year40/41€81k€79k▼

Trade receivables40€125-

Other amounts receivable41€81k€79k▼

Cash at bank and in hand54/58€62€3k▲

Equity and liabilities

Total equity and liabilities10/49€81k€82k▲

Equity10/15€61k€61k▲

Profit (loss) carried forward14€61k€61k▲

Amounts payable17/49€20k€21k▲

Amounts payable within one year42/48€20k€21k▲

Trade debts44€16k€16k▼

Suppliers440/4€16k€16k▼

Taxes, remuneration and social security45€4k€5k▲

Taxes450/3€4k€5k▲

Income statement Code20242025

Other operating charges640/8€118€2k▲

Gross operating margin9900-€1k

Operating profit (loss)9901€-118€-1k▼

Financial income75/76B€3k€2k▼

Recurring financial income75€3k€2k▼

Financial charges65/66B€97€41▼

Recurring financial charges65€97€41▼

Profit (loss) for the period before taxes9903€3k€686▼

Income taxes67/77€639€172▼

Profit (loss) for the period9904€2k€515▼

Profit (loss) for the period to be appropriated9905€2k€515▼

Appropriation of the result

Profit (loss) to be appropriated9906€61k€61k▲

Profit (loss) brought forward from the previous period14P€59k€61k▲

Accounts by statement

Income statement Balance sheet Cash flow

Line	2023	2024	2025	Change
Other operating charges640/8	€109	€118	€2k	▲ 1,862%
Gross operating margin9900	€-516	-	€1k	-
Operating profit (loss)9901	€-625	€-118	€-1k	▼ 834%
Financial income75/76B	€2k	€3k	€2k	▼ 34.0%
Recurring financial income75	€2k	€3k	€2k	▼ 34.0%
Financial charges65/66B	€87	€97	€41	▼ 57.2%
Recurring financial charges65	€87	€97	€41	▼ 57.2%
Profit (loss) for the period before taxes9903	€1k	€3k	€686	▼ 73.2%
Income taxes67/77	€262	€639	€172	▼ 73.2%
Profit (loss) for the period9904	€785	€2k	€515	▼ 73.2%
Profit (loss) for the period to be appropriated9905	€785	€2k	€515	▼ 73.2%

Line	2023	2024	2025	Change
Assets
Total assets20/58	€79k	€81k	€82k	▲ 1.2%
Current assets29/58	€79k	€81k	€82k	▲ 1.2%
Amounts receivable within one year40/41	€79k	€81k	€79k	▼ 2.0%
Trade receivables40	€125	€125	-	-
Other amounts receivable41	€79k	€81k	€79k	▼ 1.9%
Cash at bank and in hand54/58	€168	€62	€3k	▲ 4,198%
Equity and liabilities
Total equity and liabilities10/49	€79k	€81k	€82k	▲ 1.2%
Equity10/15	€59k	€61k	€61k	▲ 0.8%
Profit (loss) carried forward14	€59k	€61k	€61k	▲ 0.8%
Amounts payable17/49	€20k	€20k	€21k	▲ 2.3%
Amounts payable within one year42/48	€20k	€20k	€21k	▲ 2.3%
Trade debts44	€17k	€16k	€16k	▼ 1.0%
Suppliers440/4	€17k	€16k	€16k	▼ 1.0%
Taxes, remuneration and social security45	€4k	€4k	€5k	▲ 15.4%
Taxes450/3	€4k	€4k	€5k	▲ 15.4%

Line	2023	2024	2025	Change
Profit (loss) for the period9904	€785	€2k	€515	▼ 73.2%
Operating cash flow (approximation)	€785	€2k	€515	▼ 73.2%
Change in cash	-	€-105	€3k	▲ 2,580%

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

All 5Financial 2Filings 3

Next filing, fiscal year 2026, expected by 31-07-2027

2026

09-01

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

31-12

Financial Weakest financial yearnet €515 ▼73.2%

Net result drops to €515, the lowest in the series.

10-09

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 41 days late

09-09

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 405 days late

2024

31-12

Financial Highest result since 2023net €2k ▲144%

Operating result €-118, net result €2k, both a record.

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 2 acts read

About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

2 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, Antwerpen · 1 establishment unit since 2016

seat establishment The establishment unit on the map

Ground area

201 m²

Building footprint

95 m²

Volume, LiDAR

774 m³

Parcel 11422C0305/00P014, Flanders · tallest building 11.5 m, ±4 floors. Linked by address, not a title deed.

1 establishment unit

GLLS

Borrewaterstraat 45, 2170 AntwerpenManufacture of other builders' carpentry and joinery

since 20162.251.630.415

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11422C0305/00P014	Flanders	201 m²	1 · 95 m²	11.5 m · 4 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.

Similar companies · same sector, comparable size

Etterbeek · Eq €56,383

Zaventem · Eq €55,212

Of 459 companies in sector 31009 we hold annual accounts for 125. 102 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification

Legal formLimited partnership

Founded24-03-2016

Fiscal year end31-12

Activities, NACEBEL 2025

31009Manufacture of furniture

16230Manufacture of other builders' carpentry and joinery

47640Retail sale of games and toys

70200Business and other management consultancy

Contact

E-mail gilles.dhooghe@gmail.com

Scores and ratios are computed by Checked and are not a credit decision.