GLOECA
ActiveSummary
GLOECA has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12k and a net result of €20k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 36% of 4659 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▼-12
Solvency34▲+22
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.05 against 0.7 in 2024; short-term debt: 90.7% and cash: 33.8% of total assets), and 90.7% 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○neutral
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
9.3%
Return on assets
15.3%
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 28-08-2026, 28 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
28 d late
2024
61 d late
2023
29 d late
2022
31 d late
2021
31 d late
2020
61 d late
2019
91 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€12k
2024 · €-8k
2018: €-22k
2019: €-1k▲ +94.3% vs 2018
2020: €11k▲ +987% vs 2019
2021: €12k▲ +6.3% vs 2020
2022: €-24k▼ -300% vs 2021
2023: €-31k▼ -33.3% vs 2022lowest in 8 years
2024: €-8k▲ +75.4% vs 2023
2025: €12k▲ +255% vs 2024highest in 8 years
2018 → 2025
Total assets
€129k▲ 115%
2024 · €60k
2018: €63k
2019: €54k▼ -13.1% vs 2018
2020: €40k▼ -25.6% vs 2019
2021: €47k▲ +16.9% vs 2020
2022: €24k▼ -49.0% vs 2021
2023: €18k▼ -25.1% vs 2022lowest in 8 years
2024: €60k▲ +232% vs 2023
2025: €129k▲ +115% vs 2024highest in 8 years
2018 → 2025
Net result
€20k▼ 16.7%
2024 · €24k
2018: €5k
2019: €21k▲ +334% vs 2018
2020: €12k▼ -39.9% vs 2019
2021: €700▼ -94.3% vs 2020
2022: €-35k▼ -5148% vs 2021lowest in 8 years
2023: €-8k▲ +77.8% vs 2022
2024: €24k▲ +402% vs 2023highest in 8 years
2025: €20k▼ -16.7% vs 2024
2018 → 2025
Working capital
€5k
2024 · €-20k
2018: €-70klowest in 8 years
2019: €-43k▲ +38.3% vs 2018
2020: €-24k▲ +43.0% vs 2019
2021: €-13k▲ +46.1% vs 2020
2022: €-47k▼ -255% vs 2021
2023: €-49k▼ -4.2% vs 2022
2024: €-20k▲ +58.5% vs 2023
2025: €5k▲ +127% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€12k-€-24k€-31k▼ 33.3%€-8k▲ 75.4%€12k
2021: €12k
2022: €-24k▼ -300% vs 2021
2023: €-31k▼ -33.3% vs 2022lowest in 5 years
2024: €-8k▲ +75.4% vs 2023
2025: €12k▲ +255% vs 2024highest in 5 years
Operating result€764-€-35k€-8k▲ 78.1%€24k€20k▼ 16.3%
2021: €764
2022: €-35k▼ -4709% vs 2021lowest in 5 years
2023: €-8k▲ +78.1% vs 2022
2024: €24k▲ +409% vs 2023highest in 5 years
2025: €20k▼ -16.3% vs 2024
Net result€700-€-35k€-8k▲ 77.8%€24k€20k▼ 16.7%
2021: €700
2022: €-35k▼ -5148% vs 2021lowest in 5 years
2023: €-8k▲ +77.8% vs 2022
2024: €24k▲ +402% vs 2023highest in 5 years
2025: €20k▼ -16.7% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 16% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €129k
Fixed assets
€7k ▼ 48.0%
Current assets
€122k ▲ 158%
Equity and liabilities €129k
Equity
€12k
Debt
€117k
Debt finances 90.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€26k▼
2024 · €30k
Cash flow
€26k▼
2024 · €30k
Current ratio
1.05▲
2024 · 0.70
Debt to equity
9.73▲
2024 · -8.75
ROE
164.5%
ROA
15.3%▼
2024 · 39.5%
Interest coverage
146.87▼
2024 · 248.88
Debt ≤ 1 year
€117k▲
2024 · €68k
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 · 31 lines
Balance sheet
Code20242025
Assets
Total assets20/58€60k€129k▲
Fixed assets21/28€13k€7k▼
Tangible fixed assets22/27€13k€7k▼
Plant, machinery and equipment23€12k€6k▼
Furniture and vehicles24€969€764▼
Current assets29/58€47k€122k▲
Amounts receivable within one year40/41€44k€79k▲
Trade receivables40€42k€70k▲
Other amounts receivable41€2k€9k▲
Cash at bank and in hand54/58€3k€43k▲
Equity and liabilities
Total equity and liabilities10/49€60k€129k▲
Equity10/15€-8k€12k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-26k€-7k▲
Amounts payable17/49€68k€117k▲
Amounts payable within one year42/48€68k€117k▲
Trade debts44€20k€27k▲
Suppliers440/4€20k€27k▲
Other amounts payable47/48€47k€90k▲
Accrued charges and deferred income492/3€20-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▲
Other operating charges640/8€1k€544▼
Gross operating margin9900€31k€26k▼
Operating profit (loss)9901€24k€20k▼
Financial charges65/66B€119€177▲
Recurring financial charges65€119€177▲
Profit (loss) for the period before taxes9903€24k€20k▼
Profit (loss) for the period9904€24k€20k▼
Profit (loss) for the period to be appropriated9905€24k€20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-26k€-7k▲
Profit (loss) brought forward from the previous period14P€-50k€-26k▲
The notes to these accounts (4 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €60k | €22k | €98 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €6k | €6k | €6k | €6k | ▲ 2.5% |
| Other operating charges640/8 | €5k | €339 | €348 | €1k | €544 | ▼ 56.9% |
| Gross operating margin9900 | €71k | €-7k | €-1k | €31k | €26k | ▼ 14.4% |
| Operating profit (loss)9901 | €764 | €-35k | €-8k | €24k | €20k | ▼ 16.3% |
| Financial charges65/66B | €64 | €116 | €144 | €119 | €177 | ▲ 48.1% |
| Recurring financial charges65 | €64 | €116 | €144 | €119 | €177 | ▲ 48.1% |
| Profit (loss) for the period before taxes9903 | €700 | €-35k | €-8k | €24k | €20k | ▼ 16.7% |
| Profit (loss) for the period9904 | €700 | €-35k | €-8k | €24k | €20k | ▼ 16.7% |
| Profit (loss) for the period to be appropriated9905 | €700 | €-35k | €-8k | €24k | €20k | ▼ 16.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €47k | €24k | €18k | €60k | €129k | ▲ 115% |
| Fixed assets21/28 | €29k | €23k | €17k | €13k | €7k | ▼ 48.0% |
| Tangible fixed assets22/27 | €29k | €23k | €17k | €13k | €7k | ▼ 48.0% |
| Plant, machinery and equipment23 | €29k | €23k | €17k | €12k | €6k | ▼ 50.3% |
| Furniture and vehicles24 | €269 | - | - | €969 | €764 | ▼ 21.1% |
| Financial fixed assets28 | €24 | €24 | - | - | - | - |
| Current assets29/58 | €18k | €805 | €623 | €47k | €122k | ▲ 158% |
| Stocks and contracts in progress3 | €4k | - | - | - | - | - |
| Stocks30/36 | €4k | - | - | - | - | - |
| Amounts receivable within one year40/41 | €3k | €377 | €622 | €44k | €79k | ▲ 78.8% |
| Trade receivables40 | €3k | - | - | €42k | €70k | ▲ 65.1% |
| Other amounts receivable41 | - | €377 | €622 | €2k | €9k | ▲ 441% |
| Cash at bank and in hand54/58 | €8k | €429 | €2 | €3k | €43k | ▲ 1,199% |
| Deferred charges and accrued income490/1 | €3k | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €47k | €24k | €18k | €60k | €129k | ▲ 115% |
| Equity10/15 | €12k | €-24k | €-31k | €-8k | €12k | ▲ 255% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-7k | €-42k | €-50k | €-26k | €-7k | ▲ 74.9% |
| Amounts payable17/49 | €36k | €48k | €49k | €68k | €117k | ▲ 72.5% |
| Amounts payable within one year42/48 | €31k | €48k | €49k | €68k | €117k | ▲ 72.5% |
| Trade debts44 | - | €98 | - | €20k | €27k | ▲ 33.0% |
| Suppliers440/4 | - | €98 | - | €20k | €27k | ▲ 33.0% |
| Taxes, remuneration and social security45 | €14k | €984 | - | - | - | - |
| Taxes450/3 | €5k | - | - | - | - | - |
| Remuneration and social security454/9 | €9k | €984 | - | - | - | - |
| Other amounts payable47/48 | €17k | €47k | €49k | €47k | €90k | ▲ 89.3% |
| Accrued charges and deferred income492/3 | €4k | - | - | €20 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €700 | €-35k | €-8k | €24k | €20k | ▼ 16.7% |
| + Depreciation and write-downs630 | €6k | €6k | €6k | €6k | €6k | ▲ 2.5% |
| Operating cash flow (approximation) | €7k | €-29k | €-2k | €30k | €26k | ▼ 12.8% |
| Investment in fixed assets (approximation) | - | €0 | €24 | €-1k | €0 | ▲ 100% |
| Change in cash | - | €-7k | €-427 | €3k | €40k | ▲ 1,100% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Back to profitnet €24k
Net result €24k after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-35k
Net result drops to €-35k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Gent · 1 establishment unit since 2008
Ground area
81 m²
Building footprint
68 m²
Volume, LiDAR
976 m³
Parcel 44804D1963/00C000, Flanders · tallest building 17.4 m, ±5 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Vlaanderenstraat 122, 9000 Gent
since 20082.172.357.659
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D1963/00C000 | Flanders | 81 m² | 1 · 68 m² | 17.4 m · 5 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 4,000 EUR awarded · 4,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Dual-learning approval
2 live approvalsHaarverzorging duaal (so)
Kapper (vwo)
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Of 21,742 companies in sector 96210 we hold annual accounts for 2,831. 2,328 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
Founded10-07-2008
Fiscal year end31-12
Activities, NACEBEL 2025
96210Hairdressing and barber services
46150Agents in the wholesale of furniture, household goods and hardware
46190Agents in non-specialised wholesale trade
47519Retail trade
96220Beauty care and other beauty treatments
96230Day spas, saunas and steam baths
Scores and ratios are computed by Checked and are not a credit decision.