GLOWFISH INTERACTIVE
ActiveSummary
GLOWFISH INTERACTIVE has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1.0m) and a net result of -€378,989. Equity is shrinking by ~49.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth55▲+33
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.04 against 0.41 in 2024; cash: 9.8% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Return on assets
-886.9%
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€1.0m
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-09-2026, 48 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 · 6 filingsDeviation from the deadline
2025
48 d late
2024
29 d late
2023
8 d early
2022
4 d late
2021
5 d late
2020
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 18 days after the deadline; the sector median for financial year 2024 is 10 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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 5 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€86,717▲ 21,945%
2024 · €393
EBIT margin
-533.7%▲ 58881.0pp
2024 · -59414.8%
Net result
-€378,989▼ 31.6%
2024 · -€288,084
Working capital
-€1.0m▼ 286%
2024 · -€261,019
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 63, Computing infrastructure, data processing, hosting and other information service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€78,559€99,083▲ 26.1%€393▼ 99.6%€86,717▲ 21,945%
Operating result-€174,846▲ 28.0%-€112,734▲ 35.5%-€70,074▲ 37.8%-€233,714▼ 234%-€462,844▼ 98.0%
Net result-€175,786below the sector's middle half▲ 28.1%-€115,093below the sector's middle half▲ 34.5%-€79,155below the sector's middle half▲ 31.2%-€288,084below the sector's middle half▼ 264%-€378,989below the sector's middle half▼ 31.6%
EBIT margin-143.5%-70.7%▲ 72.8pp-59414.8%▼ 59344.1pp-533.7%▲ 58881.0pp
Equity-€140,147below the sector's middle half-€255,241below the sector's middle half▼ 82.1%-€334,395below the sector's middle half▼ 31.0%-€494,979below the sector's middle half▼ 48.0%-€1.0mbelow the sector's middle half▼ 102%
Total assets€21,584below the sector's middle half▼ 75.7%€11,571below the sector's middle half▼ 46.4%€13,502below the sector's middle half▲ 16.7%€344,974within the sector's middle half▲ 2,455%€42,731below the sector's middle half▼ 87.6%
Debt€161,731▲ 205%€266,812▲ 65.0%€347,897▲ 30.4%€797,452▲ 129%€1.0m▲ 30.9%
Working capital-€140,147below the sector's middle half-€256,754below the sector's middle half▼ 83.2%-€335,391below the sector's middle half▼ 30.6%-€261,019below the sector's middle half▲ 22.2%-€1.0mbelow the sector's middle half▼ 286%
Solvency-649.3%below the sector's middle half▼ 689.5pp-143.5%below the sector's middle half
Current ratio0.13below the sector's middle half▼ 1.520.04below the sector's middle half▼ 0.100.04below the sector's middle half=0.41below the sector's middle half▲ 0.370.04below the sector's middle half▼ 0.37
Return on assets (ROA)-814.4%below the sector's middle half▼ 539.1pp-994.6%below the sector's middle half▼ 180.2pp-586.2%below the sector's middle half▲ 408.4pp-83.5%below the sector's middle half▲ 502.7pp-886.9%below the sector's middle half▼ 803.4pp
Staff (FTE)2.6within the sector's middle half▲ 13.0%2.6within the sector's middle half=2.6within the sector's middle half=3.3within the sector's middle half▲ 26.9%3.7below the sector's middle half▲ 12.1%
above
within
below
the middle half (P25 to P75) of NACE 63, Computing infrastructure, data processing, hosting and other information service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €462,844 in 2025 against €233,714 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €42,731
Fixed assets
€5,396 ▼ 96.8%
Current assets
€37,335 ▼ 79.1%
Key figures and ratios
EBITDA
-€422,381▼
2024 · -€231,851
Cash flow
-€338,526▼
2024 · -€286,220
Debt to equity
-1.04▲
2024 · -1.61
Interest coverage
-4.91▼
2024 · -4.24
Debt ≤ 1 year
€1.0m▲
2024 · €439,652
Income taxes
€354▲
2024 · -€4
Staff costs
€224,346▲
2024 · €195,749
A ratio outside any meaningful range has been withheld (balance sheet total €42,731, equity -€1.0m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.8%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% 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 497,338 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% | 1.9% |
| 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 6,906 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | €78,559 | €99,083 | €393 | €86,717 | ▲ 21,945% |
| Non-recurring operating income76A | - | - | - | - | €8 | - |
| Goods, raw materials, services and sundry goods60/61 | €65,832 | €71,431 | €56,727 | €346,598 | €225,359 | ▼ 35.0% |
| Remuneration, social security and pensions62 | €138,295 | €146,221 | €158,094 | €195,749 | €224,346 | ▲ 14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37 | €39 | €518 | €1,863 | €40,464 | ▲ 2,072% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €151 | - |
| Other operating charges640/8 | €690 | €602 | €1,119 | €1,188 | €1,268 | ▲ 6.7% |
| Non-recurring operating charges66A | - | - | - | - | €120,481 | - |
| Gross operating margin9900 | -€35,824 | €34,128 | €89,657 | -€34,914 | -€76,134 | ▼ 118% |
| Operating profit (loss)9901 | -€174,846 | -€112,734 | -€70,074 | -€233,714 | -€462,844 | ▼ 98.0% |
| Financial income75/76B | €153 | - | €26 | €367 | €127,715 | ▲ 34,669% |
| Recurring financial income75 | €153 | - | €26 | €367 | €127,715 | ▲ 34,669% |
| Financial charges65/66B | €929 | €2,187 | €8,935 | €54,741 | €86,006 | ▲ 57.1% |
| Recurring financial charges65 | €929 | €2,187 | €8,935 | €54,741 | €86,006 | ▲ 57.1% |
| Profit (loss) for the period before taxes9903 | -€175,621 | -€114,922 | -€78,983 | -€288,088 | -€421,135 | ▼ 46.2% |
| Transfer from deferred taxes780 | - | - | - | - | €42,500 | - |
| Income taxes67/77 | €165 | €171 | €172 | -€4 | €354 | ▲ 9,188% |
| Profit (loss) for the period9904 | -€175,786 | -€115,093 | -€79,155 | -€288,084 | -€378,989 | ▼ 31.6% |
| Profit (loss) for the period to be appropriated9905 | -€175,786 | -€115,093 | -€79,155 | -€288,084 | -€378,989 | ▼ 31.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €21,584 | €11,571 | €13,502 | €344,974 | €42,731 | ▼ 87.6% |
| Fixed assets21/28 | - | €1,514 | €996 | €166,341 | €5,396 | ▼ 96.8% |
| Intangible fixed assets21 | - | - | - | €156,717 | - | - |
| Tangible fixed assets22/27 | - | €1,514 | €996 | €9,624 | €5,396 | ▼ 43.9% |
| Plant, machinery and equipment23 | - | €1,514 | €996 | €9,624 | €5,396 | ▼ 43.9% |
| Current assets29/58 | €21,584 | €10,057 | €12,506 | €178,633 | €37,335 | ▼ 79.1% |
| Amounts receivable within one year40/41 | €9,228 | €2,396 | €3,146 | €169,909 | €31,828 | ▼ 81.3% |
| Trade receivables40 | - | - | - | €302 | €6,050 | ▲ 1,901% |
| Other amounts receivable41 | €9,228 | €2,396 | €3,146 | €169,607 | €25,779 | ▼ 84.8% |
| Cash at bank and in hand54/58 | €11,439 | €6,755 | €8,168 | €7,349 | €4,172 | ▼ 43.2% |
| Deferred charges and accrued income490/1 | €916 | €907 | €1,191 | €1,375 | €1,335 | ▼ 2.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €21,584 | €11,571 | €13,502 | €344,974 | €42,731 | ▼ 87.6% |
| Equity10/15 | -€140,147 | -€255,241 | -€334,395 | -€494,979 | -€1.0m | ▼ 102% |
| Contributions10/11 | €281,200 | €281,200 | €281,200 | €281,200 | €281,200 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Outside capital11 | €219,200 | €219,200 | €219,200 | €219,200 | €219,200 | = |
| Share premium1100/10 | €219,200 | €219,200 | €219,200 | €219,200 | €219,200 | = |
| Reserves13 | €120 | €120 | €120 | €120 | €120 | = |
| Non-distributable reserves130/1 | €120 | €120 | €120 | €120 | €120 | = |
| Legal reserve130 | €120 | €120 | €120 | €120 | €120 | = |
| Profit (loss) carried forward14 | -€421,467 | -€536,561 | -€615,715 | -€903,799 | -€1.3m | ▼ 41.9% |
| Investment grants15 | - | - | - | €127,500 | - | - |
| Provisions and deferred taxes16 | - | - | - | €42,500 | €151 | ▼ 99.6% |
| Provisions for liabilities and charges160/5 | - | - | - | - | €151 | - |
| Pensions and similar obligations160 | - | - | - | - | €151 | - |
| Deferred taxes168 | - | - | - | €42,500 | - | - |
| Amounts payable17/49 | €161,731 | €266,812 | €347,897 | €797,452 | €1.0m | ▲ 30.9% |
| Amounts payable after more than one year17 | - | - | - | €357,801 | - | - |
| Financial debts170/4 | - | - | - | €357,801 | - | - |
| Amounts payable within one year42/48 | €161,731 | €266,812 | €347,897 | €439,652 | €1.0m | ▲ 137% |
| Current portion of amounts payable after more than one year42 | - | - | - | €349,777 | €741,077 | ▲ 112% |
| Trade debts44 | €7,846 | €10,903 | €16,249 | €65,198 | €11,318 | ▼ 82.6% |
| Suppliers440/4 | €7,846 | €10,903 | €16,249 | €65,198 | €11,318 | ▼ 82.6% |
| Taxes, remuneration and social security45 | €17,388 | €21,434 | €21,539 | €24,677 | €22,743 | ▼ 7.8% |
| Taxes450/3 | €342 | €337 | €343 | €172 | €2,719 | ▲ 1,482% |
| Remuneration and social security454/9 | €17,046 | €21,097 | €21,196 | €24,505 | €20,024 | ▼ 18.3% |
| Other amounts payable47/48 | €136,497 | €234,475 | €310,109 | - | €268,910 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€175,786 | -€115,093 | -€79,155 | -€288,084 | -€378,989 | ▼ 31.6% |
| + Depreciation and write-downs630 | €37 | €39 | €518 | €1,863 | €40,464 | ▲ 2,072% |
| Operating cash flow (approximation) | -€175,749 | -€115,054 | -€78,637 | -€286,220 | -€338,526 | ▼ 18.3% |
| Investment in fixed assets (approximation) | - | - | €0 | -€167,208 | €120,481 | ▲ 172% |
| Change in cash | - | -€4,685 | €1,414 | -€820 | -€3,177 | ▼ 288% |
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
17-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 48 days late
2025
31-12
Financial
Weakest financial yearnet -€378,989
Net result drops to -€378,989, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 4 days late
2022
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 5 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 acts for this company are 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, Kontich · 1 establishment unit since 2014
Ground area
3,333 m²
Building footprint
933 m²
Volume, LiDAR
7,846 m³
Parcel 11024B0079/00F000, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Glowfish Interactive
since 20142.236.362.912
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024B0079/00F000 | Flanders | 3,333 m² | 1 · 932 m² | 10.3 m · 3 fl. |
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.
Structure & network
Owners and holdings
1 ownerOwners 1
-
41.04%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of GLOWFISH INTERACTIVE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 260,000 EUR awarded · 67,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 50,000 EUR | 67,500 EUR |
| 2024 | 1 | 125,000 EUR | 0 EUR |
| 2023 | 1 | 85,000 EUR | 0 EUR |
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Of 2,727 companies in sector 63100 we hold annual accounts for 1,274. 870 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded11-08-2014
Fiscal year end31-12
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
63100Computing infrastructure, data processing, hosting and related activities
18130Pre-press and pre-media services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0566963911
Also
9925:BE0566963911
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.