GLOBEZENIT
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 26-06-2026 at the NBB all 35 filings
Turnover
≈ €5.2m
Estimated: probably between €3.5m and €8.5m
EBIT margin
Not included in this filing
Net result
€720,292▼ 17.3%
2024 · €870,679
Working capital
€1.2m▼ 15.7%
2024 · €1.4m
In the rankings
#6 employer in Beringen, Professional and technical services sector#10 oldest company in Beringen, Professional and technical services sector
Multi-year overview
2019 to 2025, 8 financial yearsOperating result
€978,062
▼ 15.9%
2025
20192025
Net result
€720,292
▼ 17.3%
2025
highest quarter of the sector
20192025
Equity
€1.7m
▲ 1.2%
2025
middle half of the sector
20192025
Total assets
€2.7m
▼ 11.6%
2025
middle half of the sector
20192025
Debt
€1.0m
▼ 26.9%
2025
20192025
Working capital
€1.2m
▼ 15.7%
2025
middle half of the sector
20192025
Solvency
62.4%
▲ 7.9pp
2025
middle half of the sector
20192025
Current ratio
2.16
▲ 0.14
2025
middle half of the sector
20192025
Return on assets (ROA)
26.9%
▼ 1.9pp
2025
highest quarter of the sector
20192025
Staff (FTE)
30.1
▲ 8.7%
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222022202320242025
Operating result€0.6m-€0.4m▼ 34.5%€0.9m▲ 130%€0.6m▼ 37.5%€0.5m-€0.8m▲ 59.0%€1.2m▲ 37.5%€1.0m▼ 15.9%
Net result€0.4m-€0.3m▼ 34.4%€0.6mabove the sector's middle half▲ 138%€0.4mabove the sector's middle half▼ 34.7%€0.4mabove the sector's middle half-€0.6mabove the sector's middle half▲ 58.2%€0.9mabove the sector's middle half▲ 38.9%€0.7mabove the sector's middle half▼ 17.3%
Equity€1.1m-€1.4m▲ 24.3%€0.8mabove the sector's middle half▼ 38.7%€1.3mabove the sector's middle half▲ 49.7%€1.6mabove the sector's middle half-€1.6mabove the sector's middle half=€1.6mabove the sector's middle half=€1.7mwithin the sector's middle half▲ 1.2%
Total assets€1.9m-€2.1m▲ 10.3%€2.6mabove the sector's middle half▲ 23.0%€2.0mabove the sector's middle half▼ 20.9%€2.2mabove the sector's middle half-€2.7mabove the sector's middle half▲ 24.7%€3.0mabove the sector's middle half▲ 11.7%€2.7mwithin the sector's middle half▼ 11.6%
Debt€0.8m-€0.7m▼ 9.2%€1.7m▲ 141%€0.8m▼ 55.2%€0.5m-€1.1m▲ 103%€1.4m▲ 29.9%€1.0m▼ 26.9%
Working capital€0.9m-€1.2m▲ 34.5%€0.8mabove the sector's middle half▼ 32.0%€1.2mabove the sector's middle half▲ 49.5%€1.5mabove the sector's middle half-€1.4mabove the sector's middle half▼ 6.6%€1.4mabove the sector's middle half▼ 2.4%€1.2mwithin the sector's middle half▼ 15.7%
Solvency58.3%-65.6%▲ 7.4pp32.7%within the sector's middle half▼ 32.9pp61.9%within the sector's middle half▲ 29.2pp76.0%above the sector's middle half-60.9%within the sector's middle half▼ 15.1pp54.5%within the sector's middle half▼ 6.4pp62.4%within the sector's middle half▲ 7.9pp
Current ratio2.38-2.96▲ 0.581.52within the sector's middle half▼ 1.442.87within the sector's middle half▲ 1.354.21above the sector's middle half-2.39within the sector's middle half▼ 1.822.02within the sector's middle half▼ 0.382.16within the sector's middle half▲ 0.14
Return on assets (ROA)21.6%-12.8%▼ 8.8pp24.9%above the sector's middle half▲ 12.1pp20.5%above the sector's middle half▼ 4.4pp18.3%above the sector's middle half-23.2%above the sector's middle half▲ 4.9pp28.8%above the sector's middle half▲ 5.6pp26.9%above the sector's middle half▼ 1.9pp
Staff (FTE)27.3-29.4▲ 7.7%27.2above the sector's middle half▼ 7.5%27.8above the sector's middle half▲ 2.2%25.8above the sector's middle half-25.5above the sector's middle half▼ 1.2%27.7above the sector's middle half▲ 8.6%30.1within the sector's middle half▲ 8.7%
above
within
below
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Several financial years end in the same calendar year, so there is no annual trend.
Large changes and their cause
- 2023 Net result +58% on 2022. The previous financial year ran 9 months, this one 12.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.7m
Fixed assets
€509,880 ▲ 78.5%
Current assets
€2.2m ▼ 20.9%
Equity and liabilities €2.7m
Equity
€1.7m ▲ 1.2%
Debt
€1.0m ▼ 26.9%
Debt's share of the balance-sheet total falls from 45.5% to 37.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.1m▼
2024 · €1.3m
Cash flow
€846,261▼
2024 · €972,583
Debt to equity
0.60▼
2024 · 0.83
ROE
43.1%▼
2024 · 52.8%
Interest coverage
68.00▼
2024 · 72.06
Debt ≤ 1 year
€1.0m▼
2024 · €1.4m
Income taxes
€250,453▼
2024 · €296,540
Staff costs
€1.9m▲
2024 · €1.7m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-03-2022 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 29 | 28 | 28 | 30 | 31 |
| full-time | 23 | 23 | 21 | 24 | 26 |
| part-time | 6 | 5 | 7 | 6 | 5 |
| in full-time equivalents | 27.2 | 26.3 | 25.5 | 28.2 | 30 |
| Average over the year, in full-time equivalents | 27.8 | 25.8 | 25.5 | 27.7 | 30.1 |
| On a permanent contract | 29 | 27 | 26 | 30 | 31 |
| Joined | 10 | 8 | 8 | 9 | 7 |
| Left | 9 | 9 | 8 | 7 | 6 |
| Training hours | 722 | 515 | 922 | - | - |
Source: social balance sheet in the 2022 to 2025 annual accounts
Securities and guarantees
| Item | 31-03-2022 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €24,473 | - | €8,899 | - | - |
| Pledge on the business | €275,000 | €275,000 | €275,000 | €275,000 | €275,000 |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 31-03-2022 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €60,633 | €42,120 | €182,156 | €108,726 | €354,520 |
| Intangible fixed assets | €33,034 | €19,503 | - | - | - |
| Financial fixed assets | - | €48 | - | €40 | - |
| Depreciation and write-downs of the year | €123,720 | €58,045 | €90,156 | €101,904 | €125,969 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 6 entries · €39,188 awarded · €39,188 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 3 | €14,576 | €14,576 |
| 2024 | 1 | €9,287 | €9,287 |
| 2023 | 1 | €10,000 | €10,000 |
| 2022 | 1 | €5,325 | €5,325 |
Public contracts
4 awards · 2024
Onder en bovengronds opmeten van rioolwaterzuiveringsinfrastructuur voor As-Built plannen: Perceel Antwerpen
Onder en bovengronds opmeten van rioolwaterzuiveringsinfrastructuur voor As-Built plannen: Perceel West
Onder en bovengronds opmeten van rioolwaterzuiveringsinfrastructuur voor As-Built plannen: Perceel Oost
Onder en bovengronds opmeten van rioolwaterzuiveringsinfrastructuur voor As-Built plannen: Perceel Centrum
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €1.4m | €1.0m | €1.5m | €1.7m | €1.9m | ▲ 14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.3m | €0.2m | €0.2m | €0.1m | €0.06m | €0.09m | €0.1m | €0.1m | ▲ 23.6% |
| Other operating charges640/8 | - | - | - | €0.01m | €0.008m | €0.008m | €0.009m | €0.009m | ▲ 1.9% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €0.001m | €0.001m | ▼ 12.1% |
| Gross operating margin9900 | €2.2m | €2.0m | €2.4m | €2.1m | €1.6m | €2.4m | €2.9m | €3.0m | ▲ 2.7% |
| Operating profit (loss)9901 | €0.6m | €0.4m | €0.9m | €0.6m | €0.5m | €0.8m | €1.2m | €1.0m | ▼ 15.9% |
| Financial income75/76B | - | - | - | €0.02m | €0.009m | €0.01m | €0.02m | €0.009m | ▼ 57.9% |
| Recurring financial income75 | €0.001m | €0.008m | €0.001m | €0.02m | €0.009m | €0.01m | €0.02m | €0.009m | ▼ 57.9% |
| Financial charges65/66B | - | - | - | €0.02m | €0.01m | €0.02m | €0.02m | €0.02m | ▼ 7.6% |
| Recurring financial charges65 | €0.02m | €0.02m | €0.02m | €0.02m | €0.01m | €0.02m | €0.02m | €0.02m | ▼ 7.6% |
| Profit (loss) for the period before taxes9903 | €0.6m | €0.4m | €0.9m | €0.6m | €0.5m | €0.8m | €1.2m | €1.0m | ▼ 16.8% |
| Income taxes67/77 | €0.2m | €0.1m | €0.2m | €0.1m | €0.1m | €0.2m | €0.3m | €0.3m | ▼ 15.5% |
| Profit (loss) for the period9904 | €0.4m | €0.3m | €0.6m | €0.4m | €0.4m | €0.6m | €0.9m | €0.7m | ▼ 17.3% |
| Profit (loss) for the period to be appropriated9905 | €0.4m | €0.3m | €0.7m | €0.4m | €0.4m | €0.6m | €0.9m | €0.7m | ▼ 17.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.9m | €2.1m | €2.6m | €2.0m | €2.2m | €2.7m | €3.0m | €2.7m | ▼ 11.6% |
| Fixed assets21/28 | €0.4m | €0.3m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.5m | ▲ 78.5% |
| Intangible fixed assets21 | €0.01m | €0.03m | €0.01m | €0.03m | €0.04m | €0.02m | €0.005m | - | - |
| Tangible fixed assets22/27 | €0.4m | €0.3m | €0.2m | €0.1m | €0.1m | €0.3m | €0.3m | €0.5m | ▲ 82.2% |
| Plant, machinery and equipment23 | - | - | - | €0.07m | €0.04m | €0.03m | €0.01m | €0.005m | ▼ 63.8% |
| Furniture and vehicles24 | - | - | - | €0.07m | €0.07m | €0.2m | €0.2m | €0.5m | ▲ 109% |
| Other tangible fixed assets26 | - | - | - | €0.02m | €0.03m | €0.03m | €0.04m | €0.03m | ▼ 21.8% |
| Financial fixed assets28 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Current assets29/58 | €1.5m | €1.8m | €2.4m | €1.8m | €2.0m | €2.4m | €2.7m | €2.2m | ▼ 20.9% |
| Stocks and contracts in progress3 | €0.02m | €0.2m | €0.09m | €0.06m | €0.05m | - | - | - | - |
| Contracts in progress37 | - | - | - | €0.06m | €0.05m | - | - | - | - |
| Amounts receivable within one year40/41 | €1.0m | €0.5m | €1.0m | €1.0m | €0.6m | €1.1m | €1.8m | €1.2m | ▼ 36.2% |
| Trade receivables40 | - | - | - | €0.9m | €0.6m | €1.1m | €1.8m | €1.1m | ▼ 38.4% |
| Other amounts receivable41 | - | - | - | €0.1m | €0.04m | €0.07m | €0.008m | €0.04m | ▲ 492% |
| Current investments50/53 | - | - | - | - | - | €0.4m | €0.5m | - | - |
| Cash at bank and in hand54/58 | €0.4m | €0.9m | €1.1m | €0.7m | €1.2m | €0.9m | €0.4m | €0.9m | ▲ 139% |
| Deferred charges and accrued income490/1 | - | - | - | €0.09m | €0.1m | €0.09m | €0.08m | €0.07m | ▼ 13.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.9m | €2.1m | €2.6m | €2.0m | €2.2m | €2.7m | €3.0m | €2.7m | ▼ 11.6% |
| Equity10/15 | €1.1m | €1.4m | €0.8m | €1.3m | €1.6m | €1.6m | €1.6m | €1.7m | ▲ 1.2% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €1.0m | €1.2m | €0.7m | €1.1m | €1.5m | €1.5m | €1.5m | €1.5m | ▲ 1.3% |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Distributable reserves133 | - | - | - | €1.1m | €1.5m | €1.5m | €1.5m | €1.5m | ▲ 1.3% |
| Amounts payable17/49 | €0.8m | €0.7m | €1.7m | €0.8m | €0.5m | €1.1m | €1.4m | €1.0m | ▼ 26.9% |
| Amounts payable after more than one year17 | €0.1m | €0.07m | €0.05m | €0.06m | €0.04m | €0.02m | €0.008m | - | - |
| Financial debts170/4 | - | - | - | €0.06m | €0.04m | €0.02m | €0.008m | - | - |
| Amounts payable within one year42/48 | €0.6m | €0.6m | €1.5m | €0.6m | €0.5m | €1.0m | €1.4m | €1.0m | ▼ 26.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.02m | €0.02m | €0.02m | €0.01m | €0.008m | ▼ 32.6% |
| Trade debts44 | €0.3m | €0.3m | €0.2m | €0.3m | €0.2m | €0.3m | €0.2m | €0.3m | ▲ 28.4% |
| Suppliers440/4 | - | - | - | €0.3m | €0.2m | €0.3m | €0.2m | €0.3m | ▲ 28.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.3m | €0.2m | €0.3m | €0.4m | €0.3m | ▼ 25.1% |
| Taxes450/3 | - | - | - | €0.07m | €0.09m | €0.1m | €0.2m | €0.1m | ▼ 46.0% |
| Remuneration and social security454/9 | - | - | - | €0.2m | €0.1m | €0.2m | €0.2m | €0.2m | ▼ 1.0% |
| Other amounts payable47/48 | - | - | - | €0.08m | - | €0.4m | €0.7m | €0.4m | ▼ 47.4% |
| Accrued charges and deferred income492/3 | - | - | - | €0.07m | €0.008m | €0.02m | €0.008m | €0.003m | ▼ 60.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €408,973 | €268,363 | €639,961 | €417,582 | €396,334 | €627,003 | €870,679 | €720,292 | ▼ 17.3% |
| + Depreciation and write-downs630 | €286,416 | €245,212 | €190,532 | €123,720 | €58,045 | €90,156 | €101,904 | €125,969 | ▲ 23.6% |
| Operating cash flow (approximation) | €695,389 | €513,576 | €830,493 | €541,302 | €454,380 | €717,159 | €972,583 | €846,261 | ▼ 13.0% |
| Investment in fixed assets (approximation) | - | -€171,030 | -€107,164 | -€93,342 | - | -€182,156 | -€108,739 | -€350,187 | ▼ 222% |
| Change in cash | - | €512,355 | €258,868 | -€442,939 | - | -€331,109 | -€468,696 | €544,856 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 20,136 companies had the same profile as GLOBEZENIT has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.0%
was still going
4.7%
stopped otherwise
0.2%
went bankrupt
That fits the bankruptcy probability of GLOBEZENIT itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,136 companies, not a prediction for GLOBEZENIT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 26-06-2026 | 2026-00217045 | |
| 31-12-2024 | abbreviated format | 30-06-2025 | 2025-00208931 | |
| 31-12-2023 | abbreviated format | 24-05-2024 | 2024-00099003 | |
| 31-12-2022 | abbreviated format | 28-07-2023 | 2023-00299390 | |
| 31-03-2022 | abbreviated format | 31-10-2022 | 2022-20483306 | |
| 31-03-2021 | abbreviated format | 05-10-2021 | 2021-71000275 | |
| 31-03-2020 | abbreviated format | 29-09-2020 | 2020-56600286 | |
| 31-03-2019 | abbreviated format | 30-10-2019 | 2019-72300292 | |
| 31-03-2018 | abbreviated format | 26-09-2018 | 2018-64800336 | |
| 31-03-2017 | abbreviated format | 25-10-2017 | 2017-67700189 |