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Complete company report
Generated 21-08-2026
Active BE 0474.337.720Public limited company

GLORY GLOBAL SOLUTIONS (BELGIUM)

Doornveld 20 ·1731 Asse, Belgium· 25 yrs active
Sector: Niet-gespecialiseerde groothandel (46900)
Conclusion Checked

The computed 12-month bankruptcy probability of GLORY GLOBAL SOLUTIONS (BELGIUM) is 0.6% (low). The 2023 annual accounts show equity of €4.60M and a net result of €119k. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 82% of 597 sector peers (fiscal year 2023). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.
Key figures
Equity €4.60M
Net result €119k
Staff (FTE) 29.3
Better than sector 82%
Financial profile 5 of 5 axes measured · computed by Checked
Health88Profitability23Solvency100Growth34Stability100
69 / 100

Strong profile, led by solvency.

All 5 axes are computed from data Checked has read.

Health 88
Profitability 23
Solvency 100
Growth 34
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.6% Low
0%0,5%1,5%4%10%≥25%
Long track record −Annual accounts: weaker financial profile +Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
Long-established
Founded in 2001, 25 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2023 · computed
88 / 100 Excellent
050100
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 30-09-2025 with the NBB · fiscal year 2023 · volledig
€0€2.00M€4.00M€6.00M€8.00MRevenue 2019: €6.53M€6.53MOperating result 2019: €609k€609kNet result 2019: €4.48M€4.48MRevenue 2020: €7.23M€7.23MOperating result 2020: €167k€167kNet result 2020: €4.76M€4.76MRevenue 2021: €6.90M€6.90MOperating result 2021: €179k€179kNet result 2021: €243k€243kRevenue 2022: €7.36M€7.36MOperating result 2022: €446k€446kNet result 2022: €360k€360kRevenue 2023: €6.77M€6.77MOperating result 2023: €265k€265kNet result 2023: €119k€119k20192020202120222023
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable Equity: stable across 5 fiscal years (±0.7%/year).
€3.50M€4.00M€4.50M€5.00M2024: €4.57M (€4.20M - €4.94M)2025: €4.54M (€4.11M - €4.97M)2026: €4.51M (€3.91M - €5.10M)2019: €4.64M2020: €4.91M2021: €5.16M2022: €4.48M2023: €4.60M20192020202120222023202420252026
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2023 · NACE 46, Wholesale trade · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency 66.3% 29.0%
better than 82% of 597 sector peers
Net result €119k €35k
better than 63% of 596 sector peers
Equity €4.60M €451k
better than 80% of 597 sector peers
Staff costs €3.52M €487k
higher than 85% of 446 sector peers
Employees (FTE) 29.3 7.5
better than 77% of 391 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€6.77M
-7.9% 19-23
EBITDA
€282k
-39.5% 19-23
Net profit
€119k
-66.9% 19-23
Cash flow
€136k
-64.2% 19-23
Total assets
€6.94M
+0.7% 19-23
Equity
€4.60M
+2.7% 19-23
Working capital
€5.25M
-4.4% 19-23
Employees (FTE)
29
+9.3% 19-23
Show 14 other metrics
Staff costs
€3.52M
+19.3% 19-23
Income taxes
€142k
-11.5% 19-23
Dividends
€0
-100.0% 19-23
Debt
€2.32M
-2.3% 19-23
Debt ≤ 1y
€1.61M
+17.6% 19-23
Current ratio
4.26
-15.0% 19-23
Quick ratio
3.88
-18.3% 19-23
Solvency
66.3%
+2.0% 19-23
Debt / equity
0.50
-4.8% 19-23
ROE
2.6%
-67.8% 19-23
ROA
1.7%
-67.2% 19-23
Net margin
1.8%
-64.1% 19-23
EBITDA margin
4.2%
-34.2% 19-23
Interest coverage
12.31
-47.2% 19-23
Figures by fiscal year
Fiscal year2023
Depositvolledig
Revenue€6.77M
EBITDA€282k
Net profit€119k
Cash flow€136k
Staff costs€3.52M
Income taxes€142k
Dividends€0
Total assets€6.94M
Equity€4.60M
Debt€2.32M
of which ≤ 1y€1.61M
of which > 1y-
Working capital€5.25M
Employees (FTE)29.3
Ratios (computed)
2023
Current ratio4.26
Quick ratio3.88
Working capital ratio75.7%
Solvency66.3%
Debt / equity0.50
Long-term debt ratio-
Interest coverage12.31
Gross margin60.8%
Net margin1.8%
ROA1.7%
ROE2.6%
EBITDA margin4.2%
Days sales outstanding53d
Days payable outstanding77d
Inventory turnover4.37
Days inventory (DSI)84d
Balance-sheet composition 2023
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€6.94M
Fixed assets 21/28€74k
Tangible fixed assets 22/27€65k
Financial fixed assets 28€9k
Current assets 29/58€6.86M
Stocks & contracts in progress 3€608k
Amounts receivable within one year 40/41€3.36M
Cash & bank 54/58€2.36M
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€6.94M
Equity 10/15€4.60M
Contributions / capital 10/11€62k
Reserves 13€96k
Accumulated profits (losses) 14€4.44M
Provisions & deferred taxes 16€16k
Amounts payable 17/49€2.32M
Amounts payable within one year 42/48€1.61M
Trade debts payable within one year 44€561k
Income statement
Turnover 70€6.77M
Operating result 9901€265k
Financial income 75€28k
Financial charges 65€32k
Result before taxes 9903€261k
Income taxes 67/77€142k
Net result for the period 9904€119k
Result to be appropriated 9905€119k
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 1 directors
Former directors (1)
  • TALARIS LTDLegal entity
    Director
    State Gazette act 26102435 (10-08-2026)
    Former
    - → 10-08-2026
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Legal Structure
NACE primary Niet-gespecialiseerde groothandel(46900)
Legal form Public limited company(014)
Incorporation16-03-2001
StatusActive
Postal code1731
Establishment units 1 location
Glory Global Solutions (Belgium) NV/SA
Doornveld 20, 1731 AsseAlgemene metaalbewerking
since 20012.100.176.791
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23026A0134/00V000 Flanders 5,788 m² 1 · 895 m² 19.0 m · 5 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 19 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
10-08-2026
State Gazette act General meeting · Board meeting
General meeting · Board meeting · Director resignation
2025
30-09-2025
NBB filing Annual accounts filed
fiscal year 2023 · volledig
2023
06-01-2023
NBB filing Annual accounts filed
fiscal year 2022 · volledig
2022
28-06-2022
NBB filing Annual accounts filed
fiscal year 2021 · volledig
2021
19-08-2021
NBB filing Annual accounts filed
fiscal year 2020 · volledig
15-01-2021
NBB filing Annual accounts filed
fiscal year 2019 · volledig
2020
30-07-2020
NBB filing Annual accounts filed
fiscal year 2018 · volledig
2018
30-03-2018
NBB filing Annual accounts filed
fiscal year 2017 · volledig
2017
28-02-2017
NBB filing Annual accounts filed
fiscal year 2016 · volledig
2016
29-04-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
2014
02-12-2014
NBB filing Annual accounts filed
fiscal year 2014 · volledig
Belgian State Gazette reading coverage 1 of 23 acts read

Of the 23 Belgian State Gazette acts we know for this company, 1 has been read. The other 22 have not been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 9 acts
Address history · 1
10-08-2026
Seat change: to: 1702 Groot-Bijgaarden, Pontbeekstraat 4 -- building 2, from: 1731 Asse, Doornveld 20, effective_date: 2026-07-01
All acts · 9 updated 11 days ago
2026
10-08-2026 General meeting · Board meeting · Officer resignation · Officer discharge Open-capture extraction
  • Publication: 10/08/2026 · GLORY GLOBAL SOLUTIONS (BELGIUM)
  • Filing: 03/08/2026 · GLORY GLOBAL SOLUTIONS (BELGIUM)
  • General meeting: 30/07/2026 · GLORY GLOBAL SOLUTIONS (BELGIUM)
  • Board meeting: 31/07/2026 · GLORY GLOBAL SOLUTIONS (BELGIUM)
  • Officer resignation: role: bestuurder, end_date: 2026-07-30 · TALARIS LTD
  • Officer discharge: role: bestuurder · GLORY GLOBAL SOLUTIONS (INTERNATIONAL) LIMITED
  • Filing representative: scope: alle formaliteiten die nodig zijn voor de uitvoering van de hierboven aangenomen besluiten en de publicatie ervan in de Bijlagen van het Belgisch Staatsblad, en evenals over te gaan tot de wijzigingen bij de Kruispuntbank van Ondernemingen en andere publieke autoriteiten · Sébastien POPIJN
  • Filing representative: scope: alle formaliteiten die nodig zijn voor de uitvoering van de hierboven aangenomen besluiten en de publicatie ervan in de Bijlagen van het Belgisch Staatsblad, en evenals over te gaan tot de wijzigingen bij de Kruispuntbank van Ondernemingen en andere publieke autoriteiten · Alisan CAVDARLI
  • Seat change: to: 1702 Groot-Bijgaarden, Pontbeekstraat 4 -- building 2, from: 1731 Asse, Doornveld 20, effective_date: 2026-07-01 · GLORY GLOBAL SOLUTIONS (BELGIUM)
Summary: General meeting · Board meeting · Officer resignation · Officer discharge
Technical details 
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2025
16-09-2025 2 directors appointed Director changes
  • Deloitte & Touche Bedrijfsrevisoren CV, Commissaris
  • Ruben De Meyer, Vertegenwoordiger commissaris
Summary: v3.2
Technical details 
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01-08-2025 2 directors appointed Director changes
  • Deloitte & Touche Bedrijfsrevisoren CV, Commissaris
  • Ruben De Meyer, Vertegenwoordiger commissaris
Summary: v3.2
Technical details 
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28-07-2025 Articles of association amended Statutes amendment
Summary: v3.2
Technical details 
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09-07-2025 1 director appointed, 1 resigning Director changes
  • Nicolas HUVENOIT, Bestuurder
  • Didier De Vos, Bestuurder
Summary: v3.2
Technical details 
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2023
03-01-2023 4 directors appointed Director changes
  • Vincent Nakache, Gedelegeerd bestuurder
  • Didier Jacques De Vos, Gedelegeerd bestuurder
  • Glory Global Solutions (International) Limited, Bestuurder
  • Deloitte & Touche Bedrijfsrevisoren CV, Commissaris
Summary: v3.2
Technical details 
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2021
01-03-2021 4 directors appointed Director changes
  • Vincent Nakache, Gedelegeerd bestuurder
  • Didier Jacques De Vos, Gedelegeerd bestuurder
  • Glory Global Solutions (International) Limited, Bestuurder
  • Deloitte & Touche Bedrijfsrevisoren CV, Commissaris
Summary: v3.2
Technical details 
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      "kind": "director_in",
      "role": "gedelegeerd bestuurder",
      "person": {
        "rrn": null,
        "name": "Didier Jacques De Vos",
        "address": null,
        "birth_date": null
      }
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Glory Global Solutions (International) Limited",
        "address": null,
        "birth_date": null
      }
    },
    {
      "kind": "director_in",
      "role": "commissaris",
      "person": {
        "rrn": null,
        "name": "Deloitte \u0026 Touche Bedrijfsrevisoren CV",
        "address": null,
        "birth_date": null
      }
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "extractor": "qwen3-30b-a3b"
  },
  "subject_company": {
    "kbo": "0474.337.720",
    "name_full": "GLORY GLOBAL SOLUTIONS (BELGIUM)"
  }
}
2017
18-04-2017 Deloitte & Touche Bedrijfsrevisoren CVBA appointed as auditor Director changes
  • Deloitte & Touche Bedrijfsrevisoren CVBA, Auditor
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_in",
      "role": "auditor",
      "person": {
        "rrn": null,
        "name": "Deloitte \u0026 Touche Bedrijfsrevisoren CVBA",
        "address": null,
        "birth_date": null
      }
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "extractor": "qwen3-30b-a3b"
  },
  "subject_company": {
    "kbo": "0474.337.720",
    "name_full": "Glory Global Solutions (Belgium)"
  }
}
2004
13-07-2004 4 directors appointed Director changes
  • Germain Roesch, Bestuurder
  • Eric Besné, Bestuurder
  • Hedwig van Steenhuyze, Bestuurder
  • Hedwig van Steenhuyze, Gedelegeerd bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Germain Roesch",
        "address": null,
        "birth_date": null
      }
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Eric Besn\u00E9",
        "address": null,
        "birth_date": null
      }
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Hedwig van Steenhuyze",
        "address": null,
        "birth_date": null
      }
    },
    {
      "kind": "director_in",
      "role": "gedelegeerd bestuurder",
      "person": {
        "rrn": null,
        "name": "Hedwig van Steenhuyze",
        "address": null,
        "birth_date": null
      }
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "extractor": "qwen3-30b-a3b"
  },
  "subject_company": {
    "kbo": "0474.337.720",
    "name_full": "DE LA RUE CASH SYSTEMS"
  }
}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Groothandel in informatie- en communicatieapparatuur46500Groothandel in andere kantoormachines en kantoorbenodigdheden, met uitzondering van computers en randapparatuur46660Niet-gespecialiseerde groothandel46900Groothandel in overige kantoormachines en kantoorbenodigdheden51850Overige zakelijke dienstverlening, neg82990Groothandel in elektrisch materiaal, inclusief installatiemateriaal46643Groothandel in andere machines en werktuigen, neg46649Groothandel in diverse machines en uitrusting voor handel en dienstverlening, n.e.g.51873Ontwerpen en programmeren van computerprogramma's62010Ontwerpen van computerprogramma’s62100Overige advisering in verband met programmatuur en levering van programmatuur72220
Primary activity highlighted.
Names & trade names
Legal nameNL GLORY GLOBAL SOLUTIONS (BELGIUM)
Registered office
Pontbeekstraat 4
1702 Dilbeek, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative