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GLOWFISH INTERACTIVE

Active Public limited companyfounded 2014active for 12 yearsVeldkant 33, 2550 KontichKBO/BCE: BE 0566.963.911 subsidiary of De Cronos Groep NV

Lifetime

6 annual accounts with figures on one time axis
peak €89,657 (2023)
-€76,134▼ €41,221
lowest -€378,989 (2025)
-€378,989▼ €90,906
peak €35,639 (2020)
-€1.0m▼ €506,489
€1.0m▲ 30.9%
peak 3.7 FTE (2025)
3.7 FTE▲ 12.1%
Board8 names since 2019
3 directorsCronos Interactive NV and 2 others
Owners2 names in the annual accounts
41.04%Cronos Interactive and 1 other
Documentsfilings and deeds
17-09-202648 days late
2025financial year
Turnover from €393 to €86,717Gross margin from -€34,914 to -€76,134Loss of €378,989Staff from 3.3 FTE to 3.7 FTE3 directors reappointed 05-11Equity from -€494,979 to -€1.0m

Key points

from the 2025 annual accounts

Equity

-€1.0m
202020212022202320242025

Debts exceed assets in financial year 2025.

Losses

-€1.3m in six years
-244,3272020-175,7862021-115,0932022-79,1552023-288,0842024-378,9892025

Every financial year from 2020 to 2025 closed with a loss. 2025 was the heaviest.

Turnover

€86,717 ▲ 220×
€3932024€86,7002025

Turnover rose in 2025 from €393 to €86,717.

Debts

€1.0m 2,443% of the balance sheet
Suppliers 1%Taxes and wages 2%Other 97%

Payment terms

18 days to suppliers
Suppliers
69 to 18
Customers
281 to 25

GLOWFISH INTERACTIVE pays its suppliers 51 days earlier than in 2024. Customers pay 256 days earlier.

Position in the sector

-2343.6%

Lower solvency than 95% of companies in computing infrastructure and information services. Sector median 43.9% · 224 companies.

2025 accounts filed 48 days after the deadline

Checked score

47
Fair
Financially stronger than 17% of micro companies in computing infrastructure and information services (NACE 63)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.9% Moderate
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 2,946 companies (NACE 63, micro).

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 1.8% 01-2025: 1.8%● unchanged vs 12-2024 02-2025: 1.8%● unchanged vs 01-2025 03-2025: 1.8%● unchanged vs 02-2025 04-2025: 1.8%● unchanged vs 03-2025 05-2025: 1.6%▼ -0.2 percentage points vs 04-2025 06-2025: 1.4%▼ -0.2 percentage points vs 05-2025lowest value 07-2025: 1.5%▲ +0.1 percentage points vs 06-2025 08-2025: 1.5%● unchanged vs 07-2025 09-2025: 4.7%▲ +3.2 percentage points vs 08-2025 10-2025: 4.7%● unchanged vs 09-2025 11-2025: 4.7%● unchanged vs 10-2025 12-2025: 4.7%● unchanged vs 11-2025 01-2026: 4.7%● unchanged vs 12-2025highest value 02-2026: 4.6%▼ -0.1 percentage points vs 01-2026 03-2026: 4.6%● unchanged vs 02-2026 04-2026: 4.6%● unchanged vs 03-2026 05-2026: 3.5%▼ -1.1 percentage points vs 04-2026 06-2026: 3.1%▼ -0.4 percentage points vs 05-2026 07-2026: 3.2%▲ +0.1 percentage points vs 06-2026 08-2026: 3.0%▼ -0.2 percentage points vs 07-2026 09-2026: 3.2%▲ +0.2 percentage points vs 08-2026 10-2026: 3.9%▲ +0.7 percentage points vs 09-2026 11-2026: 3.9%● unchanged vs 10-2026

Financial strength
Weak

0=equity -2343.6% of total assets
12+9short-term debt 2443.3% · cash 9.8%
0=return on assets -886.9%

Score breakdown

raises risk
Negative equity -€1.0m
Loss of €378,989, the second in a row (financial year 2025)
Last filed accounts filed 48 days late; 1 of the last 3 accounts late
lowers risk
Sector: Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
Calculation

The band follows from the bankruptcy probability. 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 63, micro). It does better than 5% of them on solvency, 6% on liquidity, 7% on profitability and 51% on growth.

The bankruptcy probability was computed on 08-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 6,907 companies had the same profile as GLOWFISH INTERACTIVE has now. Each dot stands for 18 companies, two years later.

85.4%
were still trading
8.1%
stopped another way
5.8%
went bankrupt
  • Micro
  • 10 to 20 years old
  • negative equity
  • a loss of 10% of the balance sheet or more

Another 0.7% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of GLOWFISH INTERACTIVE itself: 3.9% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 6,907 companies, not a prediction for GLOWFISH INTERACTIVE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

No credit on open account

Liquidity is insufficient, with a current ratio of 0.04 (0.41 in 2024), below 1. Cash is 9.8% of total assets. Equity is negative.

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises risk
raises risk · Negative equity -€1.0m
NBB · annual accounts
raises risk · Loss of €378,989, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Last filed accounts filed 48 days late; 1 of the last 3 accounts late
NBB · filings
lowers risk · Sector: Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
202122232425
2020 to 2025 · latest year -€1.0m
raises risk · 2025 accounts filed 48 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 6 filings
Deviation from the deadline
2025
48 days late
2024
29 days late
2023
8 days early
2022
4 days late
2021
5 days late
2020
27 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 18 days after the deadline. In the sector (NACE 63), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 5 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

CI
Director, Sam Bambust
JD
Director
KB
Auditor, Tim Vermeiren
Board & ownership

Recent changes

3 directors reappointed De Cronos Groep NV, Cronos Interactive NV and Josephus de Wit · Permanent representatives: Dirk Deroost and Sam Bambust · General meeting of 29-07-2025 · Gazette deed
Registered office moved from Kortrijk to Kontich New registered office: Veldkant 33 A te 2550 Kontich · Previous registered office: Nijverheidskaai 3 bus 011, 8500 Kortrijk · Board meeting of 18-03-2024 · Gazette deed
Reappointment: KPMG Bedrijfsrevisoren BV (statutory auditor) Permanent representative: Dirk Deroost · General meeting of 13-06-2023 · Gazette deed
New statutory auditor KPMG Bedrijfsrevisoren CVBA appointed, EY bedrijfsrevisoren BV resigned · Permanent representative: Tim Vermeiren · General meeting of 05-10-2020 · Gazette deed
All 16 events

Comparable companies

same main activity, similar in size and age
Company
GLOWFISH INTERACTIVE Kontich €42,731 -€76,134 -2343.6% 3.7
WHITE WOLVES Hasselt €45,639 -€34,374 -276.7% 1.3
IMMO IQ Aartselaar €26,259 -€41,287 -543.4% 0.8
OUT OF SITE Turnhout €41,082 -€14,633 55.9% -
JADICO Mol €76,762 -€11,987 100.0% -
Tasmancook Maaseik €43,324 -€24,090 -79.1% -
VENDOMI Zonhoven €44,789 -€1,900 99.0% -

These companies have the same main activity as GLOWFISH INTERACTIVE: computing infrastructure, data processing, hosting and related activities (NACE 63100). They are comparable in size and age: total assets between €26,300 and €76,800, founded between 2010 and 2019.

Official details

Source: KBO
Status
Active since 11-08-2014Normal situation
Registered office
146 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 9 November 2026.
Activity
Computing infrastructure, data processing, hosting and related activitiesNACE 63100and 2 others
Joint committee
200Auxiliary committee for white-collar workers · annual accounts 2025
Establishment unit
2.236.362.9122550 Kontich, since 18-09-2014
Financial year end
31 December
Peppol
Reachable
Company details

Annual accounts 2025

€42,731▼ 87.6%
Employeeson 31-12-2025
3▼ 40.0%
Filing
Filed on 17-09-2026
Financials

Insights on GLOWFISH INTERACTIVE

Solvency fell in 2025 from -143.5% to -2343.6% because of the loss.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about GLOWFISH INTERACTIVE

What is the company number of GLOWFISH INTERACTIVE?
The company number of GLOWFISH INTERACTIVE is 0566.963.911. The VAT number is the same number with BE in front: BE 0566.963.911.
Where is GLOWFISH INTERACTIVE based?
The registered office is at Veldkant 33, 2550 Kontich.Company details
What does GLOWFISH INTERACTIVE do?
According to the KBO register, the main activity is computing infrastructure, data processing, hosting and related activities (NACE 63100).
What is the legal form of GLOWFISH INTERACTIVE?
GLOWFISH INTERACTIVE is a public limited company (NV).
When was GLOWFISH INTERACTIVE founded?
GLOWFISH INTERACTIVE was founded on 11-08-2014.
Is GLOWFISH INTERACTIVE still active?
Yes, GLOWFISH INTERACTIVE is an active enterprise in the KBO register.
How many employees does GLOWFISH INTERACTIVE have?
GLOWFISH INTERACTIVE had an average of 3.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does GLOWFISH INTERACTIVE fall under?
In its 2025 annual accounts, GLOWFISH INTERACTIVE states joint committee 200 (Auxiliary committee for white-collar workers).
What is the turnover of GLOWFISH INTERACTIVE?
The turnover of GLOWFISH INTERACTIVE was €86,717 in financial year 2025, according to the filed annual accounts.
Is GLOWFISH INTERACTIVE profitable?
In financial year 2025, GLOWFISH INTERACTIVE made a loss of €378,989.
Where can I find the annual accounts of GLOWFISH INTERACTIVE?
GLOWFISH INTERACTIVE filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of GLOWFISH INTERACTIVE due?
GLOWFISH INTERACTIVE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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