GLN PROJECTS
Open bankruptcySummary
A bankruptcy procedure is open for GLN PROJECTS according to publications in the Belgian State Gazette. The file additionally contains 1 judicial reorganisation. The 2023 annual accounts show negative equity (€-9k) and a net result of €-216.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 29-08-2024, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
29 d late
2022
31 d early
2021
30 d late
2020
31 d late
2019
59 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€-9k▼ 2.5%
2022 · €-9k
2018: €22khighest in 6 years
2019: €20k▼ -6.0% vs 2018
2020: €14k▼ -30.3% vs 2019
2021: €-2k▼ -111% vs 2020
2022: €-9k▼ -447% vs 2021
2023: €-9k▼ -2.5% vs 2022lowest in 6 years
2018 → 2023
Total assets
€2k=
2022 · €2k
2018: €38k
2019: €40k▲ +4.4% vs 2018highest in 6 years
2020: €17k▼ -57.6% vs 2019
2021: €10k▼ -41.1% vs 2020
2022: €2k▼ -84.6% vs 2021lowest in 6 years
2023: €2k● 0.0% vs 2022lowest in 6 years
2018 → 2023
Net result
€-216▲ 97.0%
2022 · €-7k
2018: €6khighest in 6 years
2019: €-1k▼ -122% vs 2018
2020: €-6k▼ -378% vs 2019
2021: €-16k▼ -156% vs 2020lowest in 6 years
2022: €-7k▲ +54.6% vs 2021
2023: €-216▲ +97.0% vs 2022
2018 → 2023
Working capital
€-9k▼ 2.5%
2022 · €-9k
2018: €20khighest in 6 years
2019: €8k▼ -58.4% vs 2018
2020: €3k▼ -60.0% vs 2019
2021: €-2k▼ -149% vs 2020
2022: €-9k▼ -447% vs 2021
2023: €-9k▼ -2.5% vs 2022lowest in 6 years
2018 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€20k-€14k▼ 30.3%€-2k€-9k▼ 447%€-9k▼ 2.5%
2019: €20khighest in 5 years
2020: €14k▼ -30.3% vs 2019
2021: €-2k▼ -111% vs 2020
2022: €-9k▼ -447% vs 2021
2023: €-9k▼ -2.5% vs 2022lowest in 5 years
Operating result€-1k-€-6k▼ 372%€-14k▼ 134%€-5k▲ 68.0%
2019: €-1khighest in 4 years
2020: €-6k▼ -372% vs 2019
2021: €-14k▼ -134% vs 2020lowest in 4 years
2022: €-5k▲ +68.0% vs 2021
Net result€-1k-€-6k▼ 378%€-16k▼ 156%€-7k▲ 54.6%€-216▲ 97.0%
2019: €-1k
2020: €-6k▼ -378% vs 2019
2021: €-16k▼ -156% vs 2020lowest in 5 years
2022: €-7k▲ +54.6% vs 2021
2023: €-216▲ +97.0% vs 2022highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2022 against €14k in 2021; the loss shrinks.
Key figures and ratios
Debt
€11k▲
2022 · €10k
Debt ≤ 1 year
€11k▲
2022 · €10k
Ratios withheld: a balance sheet total of €2k is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 26 lines
Balance sheet
Code20222023
Assets
Total assets20/58€2k€2k=
Current assets29/58€2k€2k=
Amounts receivable within one year40/41€2k€2k=
Other amounts receivable41€2k€2k=
Equity and liabilities
Total equity and liabilities10/49€2k€2k=
Equity10/15€-9k€-9k▼
Contributions10/11€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-23k€-23k▼
Amounts payable17/49€10k€11k▲
Amounts payable within one year42/48€10k€11k▲
Current portion of amounts payable after more than one year42€48-
Other amounts payable47/48€10k€11k▲
Income statement
Code20222023
Other operating charges640/8€3k-
Gross operating margin9900€-2k-
Operating profit (loss)9901€-5k-
Financial charges65/66B€255€216▼
Recurring financial charges65€255€216▼
Profit (loss) for the period before taxes9903€-5k€-216▲
Income taxes67/77€2k-
Profit (loss) for the period9904€-7k€-216▲
Profit (loss) for the period to be appropriated9905€-7k€-216▲
Appropriation of the result
Profit (loss) to be appropriated9906€-23k€-23k▼
Profit (loss) brought forward from the previous period14P€-16k€-23k▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €2k | - | - | - | - |
| Other operating charges640/8 | - | - | €739 | €3k | - | - |
| Non-recurring operating charges66A | - | - | €5k | - | - | - |
| Gross operating margin9900 | €49k | €3k | €-9k | €-2k | - | - |
| Operating profit (loss)9901 | €-1k | €-6k | €-14k | €-5k | - | - |
| Recurring financial income75 | - | €1 | - | - | - | - |
| Financial charges65/66B | - | - | €438 | €255 | €216 | ▼ 15.1% |
| Recurring financial charges65 | - | €72 | €438 | €255 | €216 | ▼ 15.1% |
| Profit (loss) for the period before taxes9903 | €-1k | €-6k | €-15k | €-5k | €-216 | ▲ 95.5% |
| Income taxes67/77 | - | - | €1k | €2k | - | - |
| Profit (loss) for the period9904 | €-1k | €-6k | €-16k | €-7k | €-216 | ▲ 97.0% |
| Profit (loss) for the period to be appropriated9905 | €-1k | €-6k | €-16k | €-7k | €-216 | ▲ 97.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €40k | €17k | €10k | €2k | €2k | = |
| Fixed assets21/28 | €12k | €11k | - | - | - | - |
| Tangible fixed assets22/27 | €12k | €11k | - | - | - | - |
| Current assets29/58 | €28k | €6k | €10k | €2k | €2k | = |
| Amounts receivable within one year40/41 | €22k | €6k | €10k | €2k | €2k | = |
| Trade receivables40 | - | - | €4k | - | - | - |
| Other amounts receivable41 | - | - | €6k | €2k | €2k | = |
| Cash at bank and in hand54/58 | €6k | - | - | - | - | - |
| Deferred charges and accrued income490/1 | - | - | €49 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €40k | €17k | €10k | €2k | €2k | = |
| Equity10/15 | €20k | €14k | €-2k | €-9k | €-9k | ▼ 2.5% |
| Contributions10/11 | €12k | - | €12k | €12k | €12k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | - | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €6k | €-72 | €-16k | €-23k | €-23k | ▼ 0.9% |
| Amounts payable17/49 | €20k | €3k | €12k | €10k | €11k | ▲ 2.1% |
| Amounts payable within one year42/48 | €20k | €3k | €12k | €10k | €11k | ▲ 2.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €48 | - | - |
| Financial debts43 | - | - | €3k | - | - | - |
| Credit institutions430/8 | - | - | €3k | - | - | - |
| Trade debts44 | €19k | €2k | €6k | - | - | - |
| Suppliers440/4 | - | - | €6k | - | - | - |
| Other amounts payable47/48 | - | - | €3k | €10k | €11k | ▲ 2.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-1k | €-6k | €-16k | €-7k | €-216 | ▲ 97.0% |
| + Depreciation and write-downs630 | €1k | €2k | - | - | - | - |
| Operating cash flow (approximation) | €-26 | €-4k | €-16k | €-7k | €-216 | ▲ 97.0% |
| Investment in fixed assets (approximation) | - | €-967 | - | - | - | - |
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
2026
07-05
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · event 30-04-2026
2025
17-09
Judicial reorganisation
Opening
Ondernemingsrechtbank Leuven · collective agreement · event 11-09-2025
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 59 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
2015
28-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Bertem · 1 establishment unit since 2009
Ground area
735 m²
Building footprint
89 m²
Volume, LiDAR
371 m³
Parcel 24009A0571/00W000, Flanders · tallest building 10.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
GLN PROJECTS
since 20092.180.222.082
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24009A0571/00W000 | Flanders | 735 m² | 1 · 89 m² | 10.3 m · 1 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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | WIM BOLLEN STEENWEG OP ST-JORIS-WINGE 21,
3200 AARSCHOT |
30-04-2026 → present |
| Curator | THOMAS
VANDENDRIES STEENWEG OP ST-JORIS-WINGE 21,
3200 AARSCHOT |
30-04-2026 → present |
Recognitions · licences · registrations
Dual-learning approval
4 endedAanvuller (so)
Kassier (so)
Winkelbediende (so)
Verkoper (so)
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Of 14,144 companies in sector 74201 we hold annual accounts for 2,612. 1,360 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-06-2009
Fiscal year end31-12
Activities, NACEBEL 2025
74201Photography, excluding press photography
74209Other photographic activities
Scores and ratios are computed by Checked and are not a credit decision.