GLOREA
ActiveSummary
The computed 12-month bankruptcy probability of GLOREA is 1.5% (moderate). The 2025 annual accounts show equity of €31,885 and a net result of €25,678. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 49% of 11547 sector peers (fiscal year 2025). The company has been active since 1984 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+50
Solvency66▲+36
Growth78=
Track record84
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 1.7 against 1.05 in 2024; short-term debt: 58.9% and cash: 75.6% of total assets), but 58.9% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
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 →
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
41.1%
Return on assets
33.1%
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 31-08-2026, 31 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
31 d late
2024
61 d late
2023
22 d late
2022
28 d late
2021
26 d late
2020
16 d late
2019
173 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 51 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Strikeout withdrawalStrikeout initial
Checked, nothing found (1)
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 28 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€25,678▲ 301%
2024 · €6,399
Working capital
€31,777▲ 421%
2024 · €6,099
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€7,821▼ 578%-€4,353▲ 44.3%€25,978€10,614▼ 59.1%€36,662▲ 245%
Net result-€7,853below the sector's middle half▼ 581%-€5,016below the sector's middle half▲ 36.1%€20,031within the sector's middle half€6,399within the sector's middle half▼ 68.1%€25,678within the sector's middle half▲ 301%
Equity-€15,207below the sector's middle half▼ 107%-€20,223below the sector's middle half▼ 33.0%-€192below the sector's middle half▲ 99.1%€6,207within the sector's middle half€31,885within the sector's middle half▲ 414%
Total assets€71,799within the sector's middle half€76,397within the sector's middle half▲ 6.4%€100,243within the sector's middle half▲ 31.2%€123,234within the sector's middle half▲ 22.9%€77,528within the sector's middle half▼ 37.1%
Debt€87,006▲ 1,083%€96,620▲ 11.0%€100,435▲ 3.9%€117,027▲ 16.5%€45,643▼ 61.0%
Working capital-€15,315below the sector's middle half-€20,331below the sector's middle half▼ 32.8%-€300within the sector's middle half▲ 98.5%€6,099within the sector's middle half€31,777within the sector's middle half▲ 421%
Solvency-21.2%below the sector's middle half-26.5%below the sector's middle half▼ 5.3pp-0.2%below the sector's middle half▲ 26.3pp5.0%below the sector's middle half▲ 5.2pp41.1%within the sector's middle half▲ 36.1pp
Current ratio0.82below the sector's middle half0.79below the sector's middle half▼ 0.031.00within the sector's middle half▲ 0.211.05within the sector's middle half▲ 0.061.70within the sector's middle half▲ 0.64
Return on assets (ROA)-10.9%below the sector's middle half-6.6%below the sector's middle half▲ 4.4pp20.0%above the sector's middle half▲ 26.5pp5.2%within the sector's middle half▼ 14.8pp33.1%above the sector's middle half▲ 27.9pp
Staff (FTE)0.93▲ 233%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 245% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €77,528
Fixed assets
€108 =
Current assets
€77,420 ▼ 37.1%
Equity and liabilities €77,528
Equity
€31,885 ▲ 414%
Debt
€45,643 ▼ 61.0%
Debt's share of the balance-sheet total falls from 95.0% to 58.9%. Equity is higher and debt is lower.
Key figures and ratios
Quick ratio
1.52▲
2024 · 0.89
Debt to equity
1.43▼
2024 · 18.85
ROE
80.5%▼
2024 · 103.1%
Debt ≤ 1 year
€45,643▼
2024 · €117,027
Income taxes
€9,470▲
2024 · €2,468
Staff costs
€158,609▲
2024 · €97,739
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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% | 1.8% |
| 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 31,371 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €4,707 | €23,285 | €44,485 | €97,739 | €158,609 | ▲ 62.3% |
| Other operating charges640/8 | €1,732 | €2,258 | €2,784 | €182 | €553 | ▲ 204% |
| Gross operating margin9900 | -€1,382 | €21,190 | €73,247 | €108,535 | €195,824 | ▲ 80.4% |
| Operating profit (loss)9901 | -€7,821 | -€4,353 | €25,978 | €10,614 | €36,662 | ▲ 245% |
| Financial income75/76B | - | - | €3 | - | - | - |
| Recurring financial income75 | - | - | €3 | - | - | - |
| Financial charges65/66B | €32 | €663 | €2,050 | €1,747 | €1,514 | ▼ 13.3% |
| Recurring financial charges65 | €32 | €663 | €2,050 | €1,747 | €1,514 | ▼ 13.3% |
| Profit (loss) for the period before taxes9903 | -€7,853 | -€5,016 | €23,931 | €8,867 | €35,148 | ▲ 296% |
| Income taxes67/77 | - | - | €3,900 | €2,468 | €9,470 | ▲ 284% |
| Profit (loss) for the period9904 | -€7,853 | -€5,016 | €20,031 | €6,399 | €25,678 | ▲ 301% |
| Profit (loss) for the period to be appropriated9905 | -€7,853 | -€5,016 | €20,031 | €6,399 | €25,678 | ▲ 301% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €71,799 | €76,397 | €100,243 | €123,234 | €77,528 | ▼ 37.1% |
| Fixed assets21/28 | €108 | €108 | €108 | €108 | €108 | = |
| Financial fixed assets28 | €108 | €108 | €108 | €108 | €108 | = |
| Current assets29/58 | €71,691 | €76,289 | €100,135 | €123,126 | €77,420 | ▼ 37.1% |
| Stocks and contracts in progress3 | €20,635 | €23,215 | €17,670 | €18,540 | €7,980 | ▼ 57.0% |
| Stocks30/36 | €20,635 | €23,215 | €17,670 | €18,540 | €7,980 | ▼ 57.0% |
| Amounts receivable within one year40/41 | €2,495 | €8,095 | €10,250 | €5,250 | €10,670 | ▲ 103% |
| Trade receivables40 | €2,495 | €8,095 | €10,250 | €4,656 | - | - |
| Other amounts receivable41 | - | - | - | €594 | €10,670 | ▲ 1,696% |
| Cash at bank and in hand54/58 | €48,561 | €44,870 | €72,107 | €96,272 | €58,641 | ▼ 39.1% |
| Deferred charges and accrued income490/1 | - | €109 | €108 | €3,064 | €129 | ▼ 95.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €71,799 | €76,397 | €100,243 | €123,234 | €77,528 | ▼ 37.1% |
| Equity10/15 | -€15,207 | -€20,223 | -€192 | €6,207 | €31,885 | ▲ 414% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €13,293 | ▲ 615% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | - | - | - | €11,434 | - |
| Profit (loss) carried forward14 | -€35,658 | -€40,674 | -€20,643 | -€14,244 | - | - |
| Amounts payable17/49 | €87,006 | €96,620 | €100,435 | €117,027 | €45,643 | ▼ 61.0% |
| Amounts payable within one year42/48 | €87,006 | €96,620 | €100,435 | €117,027 | €45,643 | ▼ 61.0% |
| Trade debts44 | €50,246 | €60,399 | €74,481 | €97,494 | €2,552 | ▼ 97.4% |
| Suppliers440/4 | €50,246 | €60,399 | €74,481 | €97,494 | €2,552 | ▼ 97.4% |
| Taxes, remuneration and social security45 | €26,360 | €21,532 | €17,765 | €15,497 | €42,238 | ▲ 173% |
| Taxes450/3 | €23,385 | €16,639 | €13,597 | €7,066 | €26,341 | ▲ 273% |
| Remuneration and social security454/9 | €2,975 | €4,893 | €4,168 | €8,431 | €15,897 | ▲ 88.6% |
| Other amounts payable47/48 | €10,400 | €14,689 | €8,189 | €4,036 | €853 | ▼ 78.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,853 | -€5,016 | €20,031 | €6,399 | €25,678 | ▲ 301% |
| Operating cash flow (approximation) | -€7,853 | -€5,016 | €20,031 | €6,399 | €25,678 | ▲ 301% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€3,691 | €27,237 | €24,165 | -€37,631 | ▼ 256% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2020net €25,678 ▲301%
Operating result €36,662, net result €25,678, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-12
Financial
Back to profitnet €20,031
Net result €20,031 after 3 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Weakest financial yearnet -€7,853
Net result drops to -€7,853, the lowest in the series; recovery starts the following year.
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
05-02
KBO administration
Strikeout withdrawal
event 20-01-2021
20-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 173 days late
20-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 539 days late
Show earlier events
20-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 904 days late
2020
04-12
KBO administration
Strikeout initial
event 24-11-2020
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Elsene · 5 establishment units since 1984
Ground area
701 m²
Building footprint
431 m²
Volume, LiDAR
3,935 m³
5 parcels, Brussels, Wallonia · tallest building 18.1 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
5 establishment units
Waterloose Steenweg 652, 1050 Elsene
since 19842.110.468.887
ALTERNATIVE PARFUM
since 20182.287.575.150
ALTERNATIVE PARFUM
since 20202.307.287.926
Aternative Parfum
since 20212.322.606.996
ALTERNATIVE PARFUM
since 20242.363.981.456
5 parcels
Wallonia
3
(60%)
Brussels
2
(40%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25105B0169/00W010indicative | Wallonia | 243 m² | 1 · 62 m² | 10.6 m · 3 fl. |
| 21447B0342/00A006 | Brussels | 208 m² | 1 · 203 m² | 18.1 m · 2 fl. |
| 55372D0048/00T007 | Wallonia | 93 m² | 1 · 50 m² | 12.6 m · 4 fl. |
| 62813E0466/00C000 | Wallonia | 84 m² | 1 · 53 m² | - |
| 21447B0275/00C003 | Brussels | 73 m² | 1 · 64 m² | 17.6 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
4 of 5 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Company details
Identification
Legal formPrivate limited company
Founded24-09-1984
Fiscal year end31-12
Activities, NACEBEL 2025
46450Wholesale of perfume and cosmetics
47750Retail sale of cosmetics and toilet articles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0426222750
Also
9925:BE0426222750
Registered
29-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.