GLOMARD (Services)

Active

Private limited companyfounded 20196 yrs activeExcelsiorlaan 36-38, 1930 Zaventem, BelgiumKBO/BCE: BE 0739.721.109

The computed 12-month bankruptcy probability of GLOMARD (Services) is 2.2% (moderate). The 2024 annual accounts show equity of €48k and a net result of €5k. Equity is growing by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 10% of 36377 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

76 / 100

Excellent▲ +51 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability54▲+54

Solvency13=

Growth52=

Stability100

Bankruptcy probability, 12 months

2.2% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €4k at 30 days acceptable

Liquidity tight (current ratio 1.02 against 0.99 in 2023), and 97% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 36377 sector peers (2024).

NBB · sector comparison

Position among 36377 sector peers

Solvency

better than 10%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-05-2025, 83 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

83 d early

2023

5 d late

2022

50 d early

2021

48 d early

2020

26 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€48k▲ 12.2%

2023 · €43k

2020: €26k 2021: €39k 2022: €55k 2023: €43k

2020 → 2024

Total assets

€1.59M▼ 7.1%

2023 · €1.71M

2020: €824k 2021: €1.30M 2022: €1.75M 2023: €1.71M

2020 → 2024

Net result

€5k

2023 · €-12k

2020: €13k 2021: €14k 2022: €16k 2023: €-12k

2020 → 2024

Working capital

€27k

2023 · €-11k

2020: €-36k 2021: €-40k 2022: €-33k 2023: €-11k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€26k-€39k▲ 54.0%€55k▲ 39.5%€43k▼ 22.1%€48k▲ 12.2%

Operating result€18k-€25k▲ 38.6%€27k▲ 8.2%€-8k€18k

Net result€13k-€14k▲ 10.0%€16k▲ 12.6%€-12k€5k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €18k after a loss of €8k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.59M

98.7%

Fixed assets €21k▼ 61.0%

Current assets €1.57M▼ 5.4%

Equity and liabilities €1.59M

97.0%

Equity €48k▲ 12.2%

Debt €1.54M▼ 7.6%

The debt ratio falls from 97.5% to 97.0%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€42k▲

2023 · €30k

Cash flow

€29k▲

2023 · €26k

Solvency

3.0%▲

2023 · 2.5%

Current ratio

1.02▲

2023 · 0.99

Quick ratio

1.02▲

2023 · 0.99

Debt / equity

32.13▼

2023 · 39.01

ROE

10.9%▲

2023 · -28.3%

ROA

0.3%▲

2023 · -0.7%

Interest coverage

161.85▲

2023 · 114.29

Debt

€1.54M▼

2023 · €1.67M

Debt ≤ 1 year

€1.54M▼

2023 · €1.67M

Income taxes

€9k▲

2023 · €4k

Staff costs

€169k▲

2023 · €101k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€1.71M€1.59M▼

Fixed assets21/28€54k€21k▼

Intangible fixed assets21€4k€2k▼

Tangible fixed assets22/27€50k€18k▼

Plant, machinery and equipment23€659€3k▲

Furniture and vehicles24€49k€15k▼

Financial fixed assets28€400€900▲

Current assets29/58€1.66M€1.57M▼

Amounts receivable within one year40/41€1.48M€1.42M▼

Trade receivables40€1.34M€1.27M▼

Other amounts receivable41€139k€152k▲

Cash at bank and in hand54/58€173k€146k▼

Deferred charges and accrued income490/1€5k€2k▼

Equity and liabilities

Total equity and liabilities10/49€1.71M€1.59M▼

Equity10/15€43k€48k▲

Contributions10/11€13k€13k=

Profit (loss) carried forward14€30k€35k▲

Amounts payable17/49€1.67M€1.54M▼

Amounts payable within one year42/48€1.67M€1.54M▼

Trade debts44€1.65M€1.50M▼

Suppliers440/4€1.65M€1.50M▼

Taxes, remuneration and social security45€15k€32k▲

Taxes450/3€4k€12k▲

Remuneration and social security454/9€12k€20k▲

Other amounts payable47/48-€6k

Income statement Code20232024

Remuneration, social security and pensions62€101k€169k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€24k▼

Other operating charges640/8€4k€10k▲

Non-recurring operating charges66A€9k€2k▼

Gross operating margin9900€144k€222k▲

Operating profit (loss)9901€-8k€18k▲

Financial income75/76B-€6

Recurring financial income75-€6

Financial charges65/66B€262€4k▲

Recurring financial charges65€262€260▼

Non-recurring financial charges66B-€4k

Profit (loss) for the period before taxes9903€-8k€14k▲

Income taxes67/77€4k€9k▲

Profit (loss) for the period9904€-12k€5k▲

Profit (loss) for the period to be appropriated9905€-12k€5k▲

Appropriation of the result

Profit (loss) to be appropriated9906€30k€35k▲

Profit (loss) brought forward from the previous period14P€42k€30k▼

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 8Financial 3Filings 5

2025

09-05

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Back to profitnet €5k

Net result €5k after one loss-making year.

05-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 5 days late

2023

31-12

Financial Weakest financial yearnet €-12k ▼178%

Net result drops to €-12k, the lowest in the series; recovery starts the following year.

11-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Highest result since 2020net €16k ▲12.6%

Operating result €27k, net result €16k, both a record.

13-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

26-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 26 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2022

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

31-08-2022 Resigned as Director

Location & real-estate footprint

Registered office, Zaventem · 1 establishment unit since 2019

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Excelsiorlaan 36-381930 Zaventem

Ground area

3,135 m²

Building footprint

889 m²

Volume, LiDAR

9,401 m³