Globeco
ActiveSummary
Globeco has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €317k and a net result of €34k. Equity is growing by ~17.1% per year across the filed fiscal years. Its solvency ranks better than 61% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+22
Solvency81▼-19
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 2.05 against 7.91 in 2024; short-term debt: 44% and cash: 58% of total assets), and 44% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
56%
Return on assets
6%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 12-03-2026, 49 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
49 d early
2024
33 d early
2023
34 d early
2022
33 d early
2021
31 d early
2020
18 d early
2019
20 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€317k▼ 7.7%
2024 · €344k
2018: €42klowest in 8 years
2019: €100k▲ +136% vs 2018
2020: €140k▲ +40.0% vs 2019
2021: €254k▲ +81.3% vs 2020
2022: €351k▲ +38.6% vs 2021highest in 8 years
2023: €328k▼ -6.5% vs 2022
2024: €344k▲ +4.7% vs 2023
2025: €317k▼ -7.7% vs 2024
2018 → 2025
Total assets
€567k▲ 46.1%
2024 · €388k
2018: €50klowest in 8 years
2019: €203k▲ +307% vs 2018
2020: €352k▲ +73.6% vs 2019
2021: €340k▼ -3.4% vs 2020
2022: €461k▲ +35.5% vs 2021
2023: €427k▼ -7.5% vs 2022
2024: €388k▼ -9.0% vs 2023
2025: €567k▲ +46.1% vs 2024highest in 8 years
2018 → 2025
Net result
€34k▲ 99.6%
2024 · €17k
2018: €1klowest in 8 years
2019: €59k▲ +5713% vs 2018
2020: €40k▼ -32.5% vs 2019
2021: €115k▲ +188% vs 2020highest in 8 years
2022: €99k▼ -13.8% vs 2021
2023: €20k▼ -80.1% vs 2022
2024: €17k▼ -13.8% vs 2023
2025: €34k▲ +99.6% vs 2024
2018 → 2025
Working capital
€263k▼ 14.4%
2024 · €307k
2018: €22klowest in 8 years
2019: €81k▲ +274% vs 2018
2020: €125k▲ +54.7% vs 2019
2021: €236k▲ +88.4% vs 2020
2022: €337k▲ +42.9% vs 2021highest in 8 years
2023: €321k▼ -4.6% vs 2022
2024: €307k▼ -4.4% vs 2023
2025: €263k▼ -14.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€254k-€351k▲ 38.6%€328k▼ 6.5%€344k▲ 4.7%€317k▼ 7.7%
2021: €254klowest in 5 years
2022: €351k▲ +38.6% vs 2021highest in 5 years
2023: €328k▼ -6.5% vs 2022
2024: €344k▲ +4.7% vs 2023
2025: €317k▼ -7.7% vs 2024
Operating result€166k-€141k▼ 14.9%€22k▼ 84.6%€39k▲ 79.2%€53k▲ 35.8%
2021: €166khighest in 5 years
2022: €141k▼ -14.9% vs 2021
2023: €22k▼ -84.6% vs 2022lowest in 5 years
2024: €39k▲ +79.2% vs 2023
2025: €53k▲ +35.8% vs 2024
Net result€115k-€99k▼ 13.8%€20k▼ 80.1%€17k▼ 13.8%€34k▲ 99.6%
2021: €115khighest in 5 years
2022: €99k▼ -13.8% vs 2021
2023: €20k▼ -80.1% vs 2022
2024: €17k▼ -13.8% vs 2023lowest in 5 years
2025: €34k▲ +99.6% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 36% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €567k
Fixed assets
€55k ▲ 48.5%
Current assets
€512k ▲ 45.8%
Equity and liabilities €567k
Equity
€317k ▼ 7.7%
Debt
€250k ▲ 462%
Debt's share of the balance-sheet total rises from 11.4% to 44.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€61k▲
2024 · €51k
Cash flow
€42k▲
2024 · €29k
Current ratio
2.05▼
2024 · 7.91
Quick ratio
1.94▼
2024 · 7.45
Debt to equity
0.79▲
2024 · 0.13
ROE
10.7%▲
2024 · 5.0%
ROA
6.0%▲
2024 · 4.4%
Interest coverage
15.25▲
2024 · 3.52
Debt ≤ 1 year
€250k▲
2024 · €44k
Income taxes
€15k▲
2024 · €9k
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 · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€388k€567k▲
Fixed assets21/28€37k€55k▲
Tangible fixed assets22/27€37k€55k▲
Land and buildings22€32k€31k▼
Plant, machinery and equipment23€1k€3k▲
Furniture and vehicles24€4k€20k▲
Current assets29/58€351k€512k▲
Stocks and contracts in progress3€21k€29k▲
Stocks30/36€21k€29k▲
Amounts receivable within one year40/41€161k€153k▼
Trade receivables40€152k€152k=
Other amounts receivable41€8k€366▼
Cash at bank and in hand54/58€167k€329k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€388k€567k▲
Equity10/15€344k€317k▼
Contributions10/11€100€100=
Reserves13€344k€317k▼
Distributable reserves133€344k€317k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€44k€250k▲
Amounts payable within one year42/48€44k€250k▲
Trade debts44€28k€75k▲
Suppliers440/4€28k€75k▲
Taxes, remuneration and social security45€10k€2k▼
Taxes450/3€10k€2k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€6k€172k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A-€133
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€8k▼
Other operating charges640/8€15k€2k▼
Gross operating margin9900€66k€63k▼
Operating profit (loss)9901€39k€53k▲
Financial income75/76B€1k€0▼
Recurring financial income75€1k€0▼
Financial charges65/66B€14k€4k▼
Recurring financial charges65€14k€4k▼
Profit (loss) for the period before taxes9903€26k€49k▲
Income taxes67/77€9k€15k▲
Profit (loss) for the period9904€17k€34k▲
Profit (loss) for the period to be appropriated9905€17k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€17k€34k▲
Transfer from equity791/2€0€59k▲
Transfer to equity691/2€15k€32k▲
To other reserves6921€15k€32k▲
Profit to be distributed694/7€2k€60k▲
Return on contributions (dividend)694€2k€60k▲
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €133 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €7k | €7k | €12k | €8k | ▼ 30.9% |
| Other operating charges640/8 | - | €2k | €2k | €15k | €2k | ▼ 88.5% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Gross operating margin9900 | €173k | €150k | €31k | €66k | €63k | ▼ 4.8% |
| Operating profit (loss)9901 | €166k | €141k | €22k | €39k | €53k | ▲ 35.8% |
| Financial income75/76B | - | €303 | €9k | €1k | €0 | ▼ 100% |
| Recurring financial income75 | €564 | €303 | €9k | €1k | €0 | ▼ 100% |
| Financial charges65/66B | - | €1k | €2k | €14k | €4k | ▼ 72.2% |
| Recurring financial charges65 | €2k | €1k | €2k | €14k | €4k | ▼ 72.2% |
| Profit (loss) for the period before taxes9903 | €164k | €140k | €28k | €26k | €49k | ▲ 88.6% |
| Income taxes67/77 | €49k | €41k | €9k | €9k | €15k | ▲ 67.5% |
| Profit (loss) for the period9904 | €115k | €99k | €20k | €17k | €34k | ▲ 99.6% |
| Profit (loss) for the period to be appropriated9905 | €115k | €99k | €20k | €17k | €34k | ▲ 99.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €340k | €461k | €427k | €388k | €567k | ▲ 46.1% |
| Fixed assets21/28 | €18k | €15k | €10k | €37k | €55k | ▲ 48.5% |
| Tangible fixed assets22/27 | €18k | €15k | €10k | €37k | €55k | ▲ 48.5% |
| Land and buildings22 | - | - | - | €32k | €31k | ▼ 2.4% |
| Plant, machinery and equipment23 | - | €10k | €5k | €1k | €3k | ▲ 174% |
| Furniture and vehicles24 | - | €4k | €5k | €4k | €20k | ▲ 467% |
| Current assets29/58 | €322k | €447k | €417k | €351k | €512k | ▲ 45.8% |
| Stocks and contracts in progress3 | €131k | €45k | €94k | €21k | €29k | ▲ 38.7% |
| Stocks30/36 | - | €45k | €94k | €21k | €29k | ▲ 38.7% |
| Amounts receivable within one year40/41 | €28k | €54k | €151k | €161k | €153k | ▼ 4.9% |
| Trade receivables40 | - | €48k | €140k | €152k | €152k | = |
| Other amounts receivable41 | - | €6k | €12k | €8k | €366 | ▼ 95.6% |
| Cash at bank and in hand54/58 | €131k | €318k | €163k | €167k | €329k | ▲ 96.5% |
| Deferred charges and accrued income490/1 | - | €31k | €8k | €2k | €2k | ▼ 25.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €340k | €461k | €427k | €388k | €567k | ▲ 46.1% |
| Equity10/15 | €254k | €351k | €328k | €344k | €317k | ▼ 7.7% |
| Contributions10/11 | - | €38k | €100 | €100 | €100 | = |
| Reserves13 | €216k | €314k | €328k | €344k | €317k | ▼ 7.7% |
| Non-distributable reserves130/1 | - | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €0 | - | - | - |
| Distributable reserves133 | - | €312k | €328k | €344k | €317k | ▼ 7.7% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €87k | €110k | €98k | €44k | €250k | ▲ 462% |
| Amounts payable within one year42/48 | €87k | €110k | €96k | €44k | €250k | ▲ 462% |
| Trade debts44 | €4k | €44k | €83k | €28k | €75k | ▲ 166% |
| Suppliers440/4 | - | €44k | €83k | €28k | €75k | ▲ 166% |
| Advances received on contracts in progress46 | - | €36k | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | €14k | €4k | €10k | €2k | ▼ 75.4% |
| Taxes450/3 | - | €12k | €3k | €10k | €2k | ▼ 75.4% |
| Remuneration and social security454/9 | - | €2k | €2k | €0 | - | - |
| Other amounts payable47/48 | - | €16k | €9k | €6k | €172k | ▲ 2,583% |
| Accrued charges and deferred income492/3 | - | - | €3k | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €115k | €99k | €20k | €17k | €34k | ▲ 99.6% |
| + Depreciation and write-downs630 | €6k | €7k | €7k | €12k | €8k | ▼ 30.9% |
| Operating cash flow (approximation) | €121k | €106k | €27k | €29k | €42k | ▲ 46.3% |
| Investment in fixed assets (approximation) | - | €-3k | €-2k | €-39k | €-26k | ▲ 33.0% |
| Change in cash | - | €186k | €-154k | €4k | €162k | ▲ 3,859% |
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
Next filing, fiscal year 2026, expected by
2026
12-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Highest result since 2018net €115k ▲188%
Operating result €166k, net result €115k, both a record.
30-09
Financial
Liquidity doublescurrent ratio 3.71
Current ratio from 1.60 to 3.71; short-term debt falls from €210k to €87k.
30-09
Financial
Equity above €200kEq €254k ▲81.3%
4 profitable years in a row build equity to €254k.
12-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Equity above €100kEq €140k ▲40%
3 profitable years in a row build equity to €140k.
10-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
10-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Hamme (Vl.) · 1 establishment unit since 2016
Ground area
2,184 m²
Building footprint
163 m²
Volume, LiDAR
908 m³
Parcel 42008A0815/00D000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Globeco
since 20162.254.601.880
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42008A0815/00D000 | Flanders | 2,184 m² | 1 · 163 m² | 9.8 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.
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Of 1,565 companies in sector 46900 we hold annual accounts for 920. 672 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
Founded01-07-2016
Fiscal year end30-09
Activities, NACEBEL 2025
46900Non-specialised wholesale trade
70200Business and other management consultancy
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.