Summary
Glow is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €169,063 and a net result of -€73,951. Equity is growing by ~16.3% per year across the filed fiscal years. Its solvency ranks better than 39% of 8074 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
on the day
2024
20 d early
2022
3 d early
2021
40 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€169,063▼ 30.4%
2024 · €243,013
Net result
-€73,951
2024 · €80,131
Total assets
€443,804▼ 23.9%
2024 · €582,890
Solvency
38.1%▼ 3.6pp
2024 · 41.7%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220242025
Operating result€142,907-€72,564▼ 49.2%€112,739--€68,993
Net result€110,004-€49,879▼ 54.7%€80,131--€73,951
Equity€113,004-€162,883▲ 44.1%€243,013-€169,063▼ 30.4%
Total assets€412,534-€489,712▲ 18.7%€582,890-€443,804▼ 23.9%
Debt€299,530-€326,829▲ 9.1%€339,877-€274,741▼ 19.2%
Working capital€94,021-€78,820▼ 16.2%€89,656-€25,156▼ 71.9%
Solvency27.4%-33.3%▲ 5.9pp41.7%-38.1%▼ 3.6pp
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €68,993 after €112,739 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €443,804
Fixed assets
€337,773 ▼ 7.4%
Current assets
€106,031 ▼ 51.4%
Equity and liabilities €443,804
Equity
€169,063 ▼ 30.4%
Debt
€274,741 ▼ 19.2%
Debt's share of the balance-sheet total rises from 58.3% to 61.9%. Equity and debt are lower.
Key figures and ratios
ROE
-43.7%▼
2024 · 33.0%
ROA
-16.7%▼
2024 · 13.7%
Debt ≤ 1 year
€80,875▼
2024 · €128,578
Debt > 1 year
€193,866▼
2024 · €211,299
Income taxes
€219▼
2024 · €21,127
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,219 | €11,755 | €17,764 | €26,883 | ▲ 51.3% |
| Other operating charges640/8 | €394 | €2,381 | €5,628 | €3,113 | ▼ 44.7% |
| Gross operating margin9900 | €166,519 | €86,700 | €136,131 | -€38,998 | ▼ 129% |
| Operating profit (loss)9901 | €142,907 | €72,564 | €112,739 | -€68,993 | ▼ 161% |
| Financial income75/76B | - | €96 | - | €1,676 | - |
| Recurring financial income75 | - | €96 | - | €1,676 | - |
| Financial charges65/66B | €4,903 | €6,780 | €11,481 | €6,414 | ▼ 44.1% |
| Recurring financial charges65 | €4,903 | €6,780 | €11,481 | €6,414 | ▼ 44.1% |
| Profit (loss) for the period before taxes9903 | €138,004 | €65,880 | €101,258 | -€73,732 | ▼ 173% |
| Income taxes67/77 | €28,000 | €16,002 | €21,127 | €219 | ▼ 99.0% |
| Profit (loss) for the period9904 | €110,004 | €49,879 | €80,131 | -€73,951 | ▼ 192% |
| Profit (loss) for the period to be appropriated9905 | €110,004 | €49,879 | €80,131 | -€73,951 | ▼ 192% |
| Line | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €412,534 | €489,712 | €582,890 | €443,804 | ▼ 23.9% |
| Fixed assets21/28 | €229,363 | €325,231 | €364,656 | €337,773 | ▼ 7.4% |
| Intangible fixed assets21 | - | - | €44,307 | €35,307 | ▼ 20.3% |
| Tangible fixed assets22/27 | €229,363 | €325,231 | €320,349 | €302,467 | ▼ 5.6% |
| Land and buildings22 | €224,301 | €219,576 | €214,851 | €210,126 | ▼ 2.2% |
| Furniture and vehicles24 | - | - | €1,824 | €869 | ▼ 52.4% |
| Other tangible fixed assets26 | €5,063 | €105,655 | €103,674 | €91,471 | ▼ 11.8% |
| Current assets29/58 | €183,170 | €164,481 | €218,234 | €106,031 | ▼ 51.4% |
| Amounts receivable within one year40/41 | €30,987 | €8,792 | €19,294 | €35,871 | ▲ 85.9% |
| Trade receivables40 | €30,987 | €7,722 | €3,195 | €15,800 | ▲ 395% |
| Other amounts receivable41 | - | €1,070 | €16,099 | €20,071 | ▲ 24.7% |
| Current investments50/53 | €1,000 | €7,000 | €17,500 | €23,500 | ▲ 34.3% |
| Cash at bank and in hand54/58 | €149,840 | €148,615 | €180,585 | €45,801 | ▼ 74.6% |
| Deferred charges and accrued income490/1 | €1,343 | €74 | €855 | €859 | ▲ 0.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €412,534 | €489,712 | €582,890 | €443,804 | ▼ 23.9% |
| Equity10/15 | €113,004 | €162,883 | €243,013 | €169,063 | ▼ 30.4% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €110,004 | €159,883 | €240,013 | €166,063 | ▼ 30.8% |
| Amounts payable17/49 | €299,530 | €326,829 | €339,877 | €274,741 | ▼ 19.2% |
| Amounts payable after more than one year17 | €210,381 | €241,169 | €211,299 | €193,866 | ▼ 8.3% |
| Financial debts170/4 | €210,381 | €241,169 | €211,299 | €193,866 | ▼ 8.3% |
| Amounts payable within one year42/48 | €89,149 | €85,660 | €128,578 | €80,875 | ▼ 37.1% |
| Current portion of amounts payable after more than one year42 | €13,500 | €16,726 | €17,172 | €17,432 | ▲ 1.5% |
| Trade debts44 | €34,259 | €11,973 | €60,360 | €42,172 | ▼ 30.1% |
| Suppliers440/4 | €34,259 | €11,973 | €60,360 | €42,172 | ▼ 30.1% |
| Taxes, remuneration and social security45 | €39,003 | €45,478 | €32,843 | €3,893 | ▼ 88.1% |
| Taxes450/3 | €39,003 | €45,478 | €25,043 | €3,893 | ▼ 84.5% |
| Remuneration and social security454/9 | - | - | €7,800 | - | - |
| Other amounts payable47/48 | €2,387 | €11,484 | €18,204 | €17,378 | ▼ 4.5% |
| Line | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €110,004 | €49,879 | €80,131 | -€73,951 | ▼ 192% |
| + Depreciation and write-downs630 | €23,219 | €11,755 | €17,764 | €26,883 | ▲ 51.3% |
| Operating cash flow (approximation) | €133,223 | €61,633 | €97,895 | -€47,068 | ▼ 148% |
| Investment in fixed assets (approximation) | - | -€107,623 | - | €0 | - |
| Change in cash | - | -€1,225 | - | -€134,783 | - |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet -€73,951
Net result drops to -€73,951, the lowest in the series.
10-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Equity above €200,000Eq €243,013 ▲49.2%
3 profitable years in a row build equity to €243,013.
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150,000Eq €162,883 ▲44.1%
2 profitable years in a row build equity to €162,883.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial 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
1 act for this company is 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, Zoersel · 1 establishment unit since 2020
Ground area
3,066 m²
Building footprint
143 m²
Parcel 11055C0196/00N002, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Glow
since 20202.308.798.948
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11055C0196/00N002 | Flanders | 3,065 m² | 1 · 143 m² | - |
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.
Similar companies · same sector, comparable size
Project Pluto
BE 0795.670.808
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KOBRACON
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RAMHOLD
BE 0445.365.503
Kampenhout · Eq €169,004
Vedewe Consulting
BE 0789.755.291
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Brackx Invest
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 13,408 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
Founded22-10-2020
Fiscal year end30-09
Activities, NACEBEL 2025
64210Activities of holding companies
70100Activities of head offices
70200Business and other management consultancy
82100Office administrative and support services
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0756907034
Also
9925:BE0756907034
Registered
15-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.