Financials
- Financial year
- 2025
- Total assets
- €3.1m
- Loss
- -€967,253
- Solvency
- 2.7%
Total assets▲ 0.1%
Net result
20182025
GLOTEC
ActiveSummary
The computed 12-month bankruptcy probability of GLOTEC is 2.4% (moderate). The 2025 annual accounts show equity of €83,717 and a net result of -€967,253. Equity is shrinking by about 9.2% per year across the filed financial years. Its solvency ranks better than 7% of 1,238 sector peers (NACE 25, financial year 2025). The company has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Manufacture of metal structures and parts of structures
NACE 25110
1 site
Size
€3.1mtotal assets 2025
- Staff
- 24.1 FTE
- Equity
- €83,717
- Loss
- -€967,253
Turnover not published (abbreviated format)
Structure
2025 accounts 26 days early3 of 12 deeds summarised
Why 50raises riskLoss of €967,253 (financial year 2025)Equity €83,717 (2.7% of total assets)Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)Liquidity: current ratio 0.74, cash €30,015, halvedShow the evidence
Checked score
Score 2025
50
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 3% of its sector peers (NACE 25, small)
Financial strength · tick = 2023
Weak
Solvency
28-31
equity 2.7% of total assets
Liquidity
8-29
short-term debt 79.5% · cash 1.0%
Profitability
0-73
return on assets -31.3%
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.4%lowest value
12-2024: 0.4%● unchanged vs 11-2024lowest value
01-2025: 0.4%● unchanged vs 12-2024lowest value
02-2025: 0.4%● unchanged vs 01-2025lowest value
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.5%▲ +0.1 percentage points vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.6%▲ +0.1 percentage points vs 05-2025
07-2025: 0.8%▲ +0.2 percentage points vs 06-2025
08-2025: 1.3%▲ +0.5 percentage points vs 07-2025
09-2025: 1.6%▲ +0.3 percentage points vs 08-2025
10-2025: 2.6%▲ +1.0 percentage point vs 09-2025
11-2025: 2.7%▲ +0.1 percentage points vs 10-2025
12-2025: 3.3%▲ +0.6 percentage points vs 11-2025
01-2026: 4.1%▲ +0.8 percentage points vs 12-2025
02-2026: 4.1%● unchanged vs 01-2026
03-2026: 4.1%● unchanged vs 02-2026highest value
04-2026: 3.7%▼ -0.4 percentage points vs 03-2026
05-2026: 3.7%● unchanged vs 04-2026
06-2026: 2.4%▼ -1.3 percentage points vs 05-2026
07-2026: 2.4%● unchanged vs 06-2026
08-2026: 2.4%● unchanged vs 07-2026
09-2026: 2.4%● unchanged vs 08-2026
10-2026: 2.4%● unchanged vs 09-2026
Credit of up to €4,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.74, compared with 1.16 in 2023, below 1; short-term debt: 79.5% and cash: 1% of total assets), and 97.3% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 25, small): better than 4% on solvency, 4% on liquidity and 2% on profitability.
The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
raises riskneutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 1238 sector peers (2025).
NBB · sector comparisonPosition among 1238 sector peers
Solvency
better than 7%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-10-2025 was due by 31-05-2026 and was filed on 05-05-2026, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
26 days early
2023
40 days early
2022
39 days early
2021
40 days early
2020
53 days early
2019
44 days early
2018
16 days early
← 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 37 days before the deadline; the sector median (NACE 25) for financial year 2023 is 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Weakest financial yearnet -€967,253
- Reappointment: Talpe,Boudewyn Marie André Joseph (director)Transfer restriction · Amendment of…
Key points
By topic
Board & ownership
- Board
- 1 member
- Talpe,Boudewyn Marie André JosephDirector
Timeline
- Events
- 19
- Since
- 2014
- 08-01-2025Resignation: Boudewijn Talpe (managing director)
- 21-06-2024Annual accounts filed
- 31-01-2024Amendment of the articles · Miscellaneous
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Manufacture of metal structures and parts of structuresNACE 25110
- Founded
- 13-11-2012
- Year ends
- 31-10
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 19
- Purpose
- “De fabricatie,verkoop,verhandeling,herstelling,oppervlakte- of dieptebehandeling van alle…” (deed in Dutch)
Key facts about GLOTEC
- What is the company number of GLOTEC?
- 0500.747.256. In Belgium the VAT number is the company number with BE in front: BE 0500.747.256.
- Where is GLOTEC based?
- The registered office is at Textielstraat 6, 9240 Zele.Company details
- What does GLOTEC do?
- According to the KBO register, the main activity is manufacture of metal structures and parts of structures (NACE 25110).
- What is the legal form of GLOTEC?
- Public limited company (NV).
- When was GLOTEC founded?
- On 13-11-2012.
- Is GLOTEC still active?
- Yes, GLOTEC is an active enterprise in the KBO register.
- How many employees does GLOTEC have?
- On average 24.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of GLOTEC?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
- Is GLOTEC profitable?
- In financial year 2025, GLOTEC made a loss of €967,253.
- Where can I find the annual accounts of GLOTEC?
- GLOTEC filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
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