Glo-Construct
ActiveSummary
Glo-Construct has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €77,511 and a net result of €23,917. Equity is growing by ~63.3% per year across the filed fiscal years. Its solvency ranks better than 38% of 9722 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability68▲+19
Solvency45▲+14
Growth78=
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity tight (current ratio 1.09 against 0.99 in 2023; short-term debt: 80.2% and cash: 1% of total assets), and 80.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
19.8%
Return on assets
6.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
35 d early
2022
19 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 28 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€77,511▲ 44.6%
2023 · €53,594
Total assets
€392,191▼ 57.9%
2023 · €930,897
Net result
€23,917▼ 45.5%
2023 · €43,905
Working capital
€29,116
2023 · -€4,688
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202220232024
Operating result€3,003-€85,597▲ 2,750%€41,353▼ 51.7%
Net result€7,689-€43,905▲ 471%€23,917▼ 45.5%
Equity€9,689-€53,594▲ 453%€77,511▲ 44.6%
Total assets€287,030-€930,897▲ 224%€392,191▼ 57.9%
Debt€277,341-€877,302▲ 216%€314,680▼ 64.1%
Working capital-€38,477--€4,688▲ 87.8%€29,116
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 falls in 2024; 2024 is 52% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €392,191
Fixed assets
€48,396 ▼ 17.0%
Current assets
€343,795 ▼ 60.6%
Equity and liabilities €392,191
Equity
€77,511 ▲ 44.6%
Debt
€314,680 ▼ 64.1%
Debt's share of the balance-sheet total falls from 94.2% to 80.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€54,778▼
2023 · €96,359
Cash flow
€37,342▼
2023 · €54,666
Current ratio
1.09▲
2023 · 0.99
Quick ratio
0.09▼
2023 · 0.41
Debt to equity
4.06▼
2023 · 16.37
ROE
30.9%▼
2023 · 81.9%
ROA
6.1%▲
2023 · 4.7%
Interest coverage
4.97▲
2023 · 2.95
Debt ≤ 1 year
€314,680▼
2023 · €877,302
Income taxes
€7,878▼
2023 · €13,013
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | €141 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,978 | €10,761 | €13,426 | ▲ 24.8% |
| Other operating charges640/8 | €4,125 | €4,526 | €3,267 | ▼ 27.8% |
| Gross operating margin9900 | €10,106 | €100,885 | €58,046 | ▼ 42.5% |
| Operating profit (loss)9901 | €3,003 | €85,597 | €41,353 | ▼ 51.7% |
| Financial income75/76B | €5,295 | €3,945 | €1,454 | ▼ 63.2% |
| Recurring financial income75 | €5,295 | €3,945 | €1,454 | ▼ 63.2% |
| Financial charges65/66B | €610 | €32,624 | €11,012 | ▼ 66.2% |
| Recurring financial charges65 | €610 | €32,624 | €11,012 | ▼ 66.2% |
| Profit (loss) for the period before taxes9903 | €7,689 | €56,918 | €31,795 | ▼ 44.1% |
| Income taxes67/77 | - | €13,013 | €7,878 | ▼ 39.5% |
| Profit (loss) for the period9904 | €7,689 | €43,905 | €23,917 | ▼ 45.5% |
| Profit (loss) for the period to be appropriated9905 | €7,689 | €43,905 | €23,917 | ▼ 45.5% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €287,030 | €930,897 | €392,191 | ▼ 57.9% |
| Fixed assets21/28 | €48,166 | €58,282 | €48,396 | ▼ 17.0% |
| Tangible fixed assets22/27 | €48,166 | €58,282 | €48,396 | ▼ 17.0% |
| Plant, machinery and equipment23 | €8,303 | €9,839 | €10,421 | ▲ 5.9% |
| Furniture and vehicles24 | €3,239 | €15,602 | €8,917 | ▼ 42.8% |
| Other tangible fixed assets26 | €36,624 | €32,841 | €29,058 | ▼ 11.5% |
| Current assets29/58 | €238,863 | €872,615 | €343,795 | ▼ 60.6% |
| Stocks and contracts in progress3 | €147,475 | €511,230 | €315,391 | ▼ 38.3% |
| Stocks30/36 | €147,475 | €511,230 | €315,391 | ▼ 38.3% |
| Amounts receivable within one year40/41 | €80,843 | €295,844 | €21,792 | ▼ 92.6% |
| Trade receivables40 | €42,244 | €3,041 | €12,716 | ▲ 318% |
| Other amounts receivable41 | €38,599 | €292,803 | €9,077 | ▼ 96.9% |
| Cash at bank and in hand54/58 | €10,117 | €63,655 | €4,002 | ▼ 93.7% |
| Deferred charges and accrued income490/1 | €428 | €1,886 | €2,609 | ▲ 38.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €287,030 | €930,897 | €392,191 | ▼ 57.9% |
| Equity10/15 | €9,689 | €53,594 | €77,511 | ▲ 44.6% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €7,689 | €51,594 | €75,511 | ▲ 46.4% |
| Distributable reserves133 | €7,689 | €51,594 | €75,511 | ▲ 46.4% |
| Amounts payable17/49 | €277,341 | €877,302 | €314,680 | ▼ 64.1% |
| Amounts payable within one year42/48 | €277,341 | €877,302 | €314,680 | ▼ 64.1% |
| Financial debts43 | €105,000 | €568,500 | €100,000 | ▼ 82.4% |
| Credit institutions430/8 | €100,000 | €457,000 | €100,000 | ▼ 78.1% |
| Other loans439 | €5,000 | €111,500 | - | - |
| Trade debts44 | €58,926 | €190,442 | €59,388 | ▼ 68.8% |
| Suppliers440/4 | €58,926 | €190,442 | €59,388 | ▼ 68.8% |
| Taxes, remuneration and social security45 | - | €91,360 | €7,878 | ▼ 91.4% |
| Taxes450/3 | - | €91,360 | €7,878 | ▼ 91.4% |
| Other amounts payable47/48 | €113,414 | €27,000 | €147,414 | ▲ 446% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,689 | €43,905 | €23,917 | ▼ 45.5% |
| + Depreciation and write-downs630 | €2,978 | €10,761 | €13,426 | ▲ 24.8% |
| Operating cash flow (approximation) | €10,667 | €54,666 | €37,342 | ▼ 31.7% |
| Investment in fixed assets (approximation) | - | -€20,877 | -€3,539 | ▲ 83.0% |
| Change in cash | - | €53,538 | -€59,653 | ▼ 211% |
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
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €43,905 ▲471%
Operating result €85,597, net result €43,905, both a record.
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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 2021
Ground area
810 m²
Building footprint
810 m²
Volume, LiDAR
3,875 m³
Parcel 11302A0070/00F025, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Glo-Construct
since 20212.323.038.350
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11302A0070/00F025 | Flanders | 810 m² | 1 · 810 m² | 7.0 m · 2 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
FABRIBAU
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URBINA
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Elsene · Eq €77,453
ROPEC
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Oosterzele · Eq €77,449
BAAS
BE 0535.547.490
Mechelen · Eq €77,441
DE WITTE IMMOBILIËN
BE 0885.934.652
Merelbeke-Melle · Eq €77,643
Of 9,698 companies in sector 68121 we hold annual accounts for 7,385. 5,252 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
Founded18-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
41001General construction of residential buildings
43110Demolition
43211General electrical installation work
43341Painting of buildings
43410Roofing work
Scores and ratios are computed by Checked and are not a credit decision.