GLODA
ActiveSummary
GLODA has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €739,591 and a net result of €637,354. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 57% of 9341 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+68
Solvency65▲+30
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity tight (current ratio 1.39 against 0.07 in 2024; short-term debt: 38.4% and cash: 2.1% of total assets), and 60.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
39.7%
Return on assets
34.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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
26 d late
2024
28 d late
2023
72 d late
2022
141 d late
2021
425 d late
2020
135 d late
2019
130 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 137 days after 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 12 October (4 of the last 5 filed years within 68 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€29,958
EBIT margin
12.6%
Net result
€637,354
2024 · -€25,467
Working capital
€279,598
2024 · -€404,831
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€4,690▼ 77.0%€70,915▲ 1,412%€21,909▼ 69.1%€8,205▼ 62.5%€934,642▲ 11,291%
Net result-€2,559within the sector's middle half▲ 82.0%€53,719above the sector's middle half€193within the sector's middle half▼ 99.6%-€25,467below the sector's middle half€637,354above the sector's middle half
EBIT margin
Equity€73,791within the sector's middle half▼ 3.4%€127,510within the sector's middle half▲ 72.8%€127,703within the sector's middle half▲ 0.2%€102,237within the sector's middle half▼ 19.9%€739,591within the sector's middle half▲ 623%
Total assets€745,372within the sector's middle half▼ 2.5%€706,857within the sector's middle half▼ 5.2%€704,632within the sector's middle half▼ 0.3%€992,005within the sector's middle half▲ 40.8%€1.9mwithin the sector's middle half▲ 87.7%
Debt€671,581▼ 2.4%€579,347▼ 13.7%€576,928▼ 0.4%€889,768▲ 54.2%€1.1m▲ 26.1%
Working capital-€257,307below the sector's middle half▲ 10.1%-€282,456below the sector's middle half▼ 9.8%-€311,015below the sector's middle half▼ 10.1%-€404,831below the sector's middle half▼ 30.2%€279,598within the sector's middle half
Solvency9.9%within the sector's middle half▼ 0.1pp18.0%within the sector's middle half▲ 8.1pp18.1%within the sector's middle half▲ 0.1pp10.3%within the sector's middle half▼ 7.8pp39.7%within the sector's middle half▲ 29.4pp
Current ratio0.19below the sector's middle half▲ 0.050.03below the sector's middle half▼ 0.160.03below the sector's middle half=0.07below the sector's middle half▲ 0.041.39within the sector's middle half▲ 1.32
Return on assets (ROA)-0.3%within the sector's middle half▲ 1.5pp7.6%within the sector's middle half▲ 7.9pp0.0%within the sector's middle half▼ 7.6pp-2.6%within the sector's middle half▼ 2.6pp34.2%above the sector's middle half▲ 36.8pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
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 recovers in 2025; 2025 is 11,291% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets
€867,302 ▼ 9.8%
Current assets
€994,197 ▲ 3,164%
Equity and liabilities €1.9m
Equity
€739,591 ▲ 623%
Debt
€1.1m ▲ 26.1%
Debt's share of the balance-sheet total falls from 89.7% to 60.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€951,226▲
2024 · €26,198
Cash flow
€653,939▲
2024 · -€7,474
Debt to equity
1.52▼
2024 · 8.70
ROE
86.2%▲
2024 · -24.9%
Interest coverage
45.91▲
2024 · 2.00
Debt ≤ 1 year
€714,599▲
2024 · €435,294
Debt > 1 year
€407,066▼
2024 · €454,474
Income taxes
€282,225▲
2024 · €88
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,134 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €36 | €0 | - | €940,442 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,315 | €13,691 | €17,269 | €17,992 | €16,584 | ▼ 7.8% |
| Other operating charges640/8 | €17,123 | €26,992 | €8,658 | €9,135 | €9,550 | ▲ 4.5% |
| Gross operating margin9900 | €53,127 | €111,598 | €47,837 | €35,333 | €960,777 | ▲ 2,619% |
| Operating profit (loss)9901 | €4,690 | €70,915 | €21,909 | €8,205 | €934,642 | ▲ 11,291% |
| Financial income75/76B | €24 | €66 | €0 | - | €5,655 | - |
| Recurring financial income75 | €24 | €66 | €0 | - | €5,655 | - |
| Financial charges65/66B | €7,273 | €6,824 | €5,798 | €33,584 | €20,718 | ▼ 38.3% |
| Recurring financial charges65 | €7,273 | €6,824 | €5,798 | €13,084 | €20,718 | ▲ 58.3% |
| Non-recurring financial charges66B | - | - | - | €20,500 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | -€2,559 | €64,157 | €16,111 | -€25,379 | €919,579 | ▲ 3,723% |
| Income taxes67/77 | €0 | €10,438 | €15,918 | €88 | €282,225 | ▲ 321,231% |
| Profit (loss) for the period9904 | -€2,559 | €53,719 | €193 | -€25,467 | €637,354 | ▲ 2,603% |
| Profit (loss) for the period to be appropriated9905 | -€2,559 | €53,719 | €193 | -€25,467 | €637,354 | ▲ 2,603% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €745,372 | €706,857 | €704,632 | €992,005 | €1.9m | ▲ 87.7% |
| Fixed assets21/28 | €684,606 | €698,914 | €694,535 | €961,542 | €867,302 | ▼ 9.8% |
| Tangible fixed assets22/27 | €682,606 | €698,914 | €694,535 | €961,542 | €867,302 | ▼ 9.8% |
| Land and buildings22 | €662,054 | €660,039 | €660,326 | €932,000 | €859,927 | ▼ 7.7% |
| Plant, machinery and equipment23 | €3,051 | €21,374 | €16,708 | €12,041 | €7,375 | ▼ 38.8% |
| Other tangible fixed assets26 | €17,501 | €17,501 | €17,501 | €17,501 | €0 | ▼ 100% |
| Financial fixed assets28 | €2,000 | €0 | - | - | - | - |
| Current assets29/58 | €60,766 | €7,943 | €10,097 | €30,463 | €994,197 | ▲ 3,164% |
| Amounts receivable within one year40/41 | €50,780 | €579 | €5,006 | €1,213 | €7,580 | ▲ 525% |
| Trade receivables40 | €2,568 | €579 | €5,006 | €1,213 | €7,580 | ▲ 525% |
| Other amounts receivable41 | €48,212 | €0 | - | - | - | - |
| Current investments50/53 | - | - | - | - | €947,683 | - |
| Cash at bank and in hand54/58 | €9,986 | €7,364 | €4,783 | €28,927 | €38,934 | ▲ 34.6% |
| Deferred charges and accrued income490/1 | - | - | €307 | €322 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €745,372 | €706,857 | €704,632 | €992,005 | €1.9m | ▲ 87.7% |
| Equity10/15 | €73,791 | €127,510 | €127,703 | €102,237 | €739,591 | ▲ 623% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €38,259 | €65,510 | €65,703 | €65,703 | €677,591 | ▲ 931% |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | €32,059 | €59,310 | €59,503 | €59,503 | €671,391 | ▲ 1,028% |
| Profit (loss) carried forward14 | -€26,468 | €0 | - | -€25,467 | €0 | ▲ 100% |
| Amounts payable17/49 | €671,581 | €579,347 | €576,928 | €889,768 | €1.1m | ▲ 26.1% |
| Amounts payable after more than one year17 | €353,507 | €288,948 | €255,816 | €454,474 | €407,066 | ▼ 10.4% |
| Financial debts170/4 | €353,507 | €288,948 | €255,816 | €454,474 | €407,066 | ▼ 10.4% |
| Amounts payable within one year42/48 | €318,074 | €290,399 | €321,112 | €435,294 | €714,599 | ▲ 64.2% |
| Current portion of amounts payable after more than one year42 | €0 | €32,538 | €33,132 | €46,269 | €47,409 | ▲ 2.5% |
| Financial debts43 | - | - | - | €50,000 | €270,000 | ▲ 440% |
| Credit institutions430/8 | - | - | - | €50,000 | €50,000 | = |
| Other loans439 | - | - | - | - | €220,000 | - |
| Trade debts44 | €139,958 | €2,090 | €10,591 | €4,496 | €6,463 | ▲ 43.8% |
| Suppliers440/4 | €139,958 | €2,090 | €10,591 | €4,496 | €6,463 | ▲ 43.8% |
| Taxes, remuneration and social security45 | - | €12,172 | €30,750 | €15 | €66,580 | ▲ 452,828% |
| Taxes450/3 | - | €12,172 | €30,750 | €15 | €66,580 | ▲ 452,828% |
| Other amounts payable47/48 | €178,115 | €243,599 | €246,639 | €334,514 | €324,147 | ▼ 3.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | €243 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,559 | €53,719 | €193 | -€25,467 | €637,354 | ▲ 2,603% |
| + Depreciation and write-downs630 | €31,315 | €13,691 | €17,269 | €17,992 | €16,584 | ▼ 7.8% |
| Operating cash flow (approximation) | €28,756 | €67,411 | €17,462 | -€7,474 | €653,939 | ▲ 8,849% |
| Investment in fixed assets (approximation) | - | -€28,000 | -€12,890 | -€285,000 | €77,656 | ▲ 127% |
| Change in cash | - | -€2,622 | -€2,581 | €24,144 | €10,007 | ▼ 58.6% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
31-12
Financial
Back to profitnet €637,354
Net result €637,354 after one loss-making year.
31-12
Financial
Liquidity times 20current ratio 1.39
Current ratio from 0.07 to 1.39.
31-12
Financial
Equity above €500,000Eq €739,591 ▲623%
Equity rises from €102,237 to €739,591.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet -€25,467
Net result drops to -€25,467, the lowest in the series; recovery starts the following year.
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 72 days late
2023
19-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 141 days late
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 425 days late
2022
31-12
Financial
Back to profitnet €53,719
Net result €53,719 after 4 loss-making years.
31-12
Financial
Equity above €100,000Eq €127,510 ▲72.8%
Equity rises from €73,791 to €127,510.
2021
13-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 135 days late
Show earlier events
2020
08-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 130 days late
08-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 496 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Veurne · 1 establishment unit since 2002
Ground area
2.2 ha
Building footprint
9,066 m²
Volume, LiDAR
55,307 m³
2 parcels, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Beukmolenstraat(Woes) 6, 8640 Vleteren
since 20022.101.856.871
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38025C0168/00D000 | Flanders | 1.6 ha | 1 · 8,807 m² | 8.5 m · 2 fl. |
| 33033A0388/00Z000 | Flanders | 6,203 m² | 1 · 259 m² | 7.3 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
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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Of 12,041 companies in sector 68203 we hold annual accounts for 6,005. 4,291 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded05-02-2002
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476837449
Also
9925:BE0476837449
Registered
23-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.