GLOBAL M
ActiveThe computed 12-month bankruptcy probability of GLOBAL M is 5.3% (elevated). The 2023 annual accounts show negative equity (€-43k) and a net result of €-25k. Equity is shrinking by ~104.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 1202 sector peers (fiscal year 2023). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2023
7
/ 100
Critical▲ +2 vs 2022
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2022
Profitability100▲+67
Solvency33=
Growth22▼-16
Stability100
Bankruptcy probability, 12 months
5.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.03 against 0.4 in 2022), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2023Solvency, return and age of the figures
Solvency
-1587.8%
Return on assets
-944.5%
Age of the figures
32 mo
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 18
Relative position
BE, all sectors
reference
Sector 18
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
Equity is negative for financial year 2023: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2023Equity per financial year
212223
2021 to 2023 · latest year -€43k
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline11-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 14-10-2024, 75 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
75 d late
2022
84 d late
2021
115 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Turnover
€58k▼ 30.5%
2021 · €84k
2021: €84k
2021 → 2022
EBIT margin
-17.2%▼ 3.7pp
2021 · -13.6%
2021: -13.6%
2021 → 2022
Net result
€-25k▼ 136%
2022 · €-11k
2021: €-12k
2022: €-11k
2021 → 2023
Working capital
€-44k▼ 128%
2022 · €-19k
2021: €-9k
2022: €-19k
2021 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202120222023Trend
Turnover€84k-€58k▼ 30.5%
Equity€-7k-€-17k▼ 164%€-43k▼ 147%
Operating result€-11k-€-10k▲ 11.7%€-25k▼ 147%
Net result€-12k-€-11k▲ 6.8%€-25k▼ 136%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €25k in 2023 against €10k in 2022; the loss grows and 2023 is the lowest year so far.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €3k
Fixed assets
€1k▼ 32.0%
Current assets
€1k▼ 89.7%
Key figures and ratios
EBITDA
€-24k▼
2022 · €-9k
Cash flow
€-25k▼
2022 · €-10k
Solvency
-1587.8%▼
2022 · -117.2%
Current ratio
0.03▼
2022 · 0.40
Quick ratio
0.03▼
2022 · 0.40
Debt / equity
-1.06▲
2022 · -1.85
ROE
59.5%▼
2022 · 62.1%
ROA
-944.5%▼
2022 · -72.8%
Interest coverage
-33.45▼
2022 · -12.64
Debt
€46k▲
2022 · €32k
Debt ≤ 1 year
€46k▲
2022 · €32k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€15k€3k▼
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€1k▼
Furniture and vehicles24€2k€1k▼
Current assets29/58€13k€1k▼
Amounts receivable within one year40/41€12k€1k▼
Trade receivables40€12k€1k▼
Cash at bank and in hand54/58€1k€5▼
Deferred charges and accrued income490/1-€69
Equity and liabilities
Total equity and liabilities10/49€15k€3k▼
Equity10/15€-17k€-43k▼
Reserves13€5k€5k=
Distributable reserves133€5k€5k=
Profit (loss) carried forward14€-22k€-48k▼
Amounts payable17/49€32k€46k▲
Amounts payable within one year42/48€32k€46k▲
Financial debts43-€1k
Credit institutions430/8-€1k
Trade debts44€292€6k▲
Suppliers440/4€292€6k▲
Taxes, remuneration and social security45€8k€5k▼
Taxes450/3€8k€5k▼
Other amounts payable47/48€24k€34k▲
Income statement
Code20222023
Turnover70€58k-
Goods, raw materials, services and sundry goods60/61€67k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€647€647=
Other operating charges640/8€754€1k▲
Gross operating margin9900€-9k€-23k▼
Operating profit (loss)9901€-10k€-25k▼
Financial income75/76B-€20
Recurring financial income75-€20
Financial charges65/66B€743€721▼
Recurring financial charges65€743€721▼
Profit (loss) for the period before taxes9903€-11k€-25k▼
Profit (loss) for the period9904€-11k€-25k▼
Profit (loss) for the period to be appropriated9905€-11k€-25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-22k€-48k▼
Profit (loss) brought forward from the previous period14P€-12k€-22k▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
14-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 75 days late
2023
31-12
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series.
23-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 84 days late
2022
23-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 115 days late
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 · 2 establishment units since 2020
Ground area
241 m²
Building footprint
172 m²
Volume, LiDAR
1,526 m³
2 parcels, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
GLOBAL RECLAME
since 20202.304.780.079
de wonder retouche
since 20222.329.039.284
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11019B0106/00Z009 | Flanders | 123 m² | 1 · 102 m² | 10.9 m · 3 fl. |
| 11019B0106/00Y009 | Flanders | 118 m² | 1 · 71 m² | 10.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Grobbendonk
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 1,596 companies in sector 18120 we hold annual accounts for 803.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-07-2020
Fiscal year end31-12
Activities, NACEBEL
18120Other printing
14110Manufacture of wearing apparel
14240Manufacture of wearing apparel
18110Printing and reproduction of recorded media
18140Printing and reproduction of recorded media
47120Other non-specialised retail sale
47511Retail trade
47910Retail trade
73110Advertising agencies
73120Media representation
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.