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GLS CREATIONS

Active
Private limited companyfounded 201016 years activeKarel De Brouckerestraat 25, 8800 Roeselare, BelgiumKBO/BCE: BE 0824.150.206
Summary

GLS CREATIONS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36,856 and a net result of -€23,422. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 8,544 sector peers (NACE 73, fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Activity
Advertising agencies
NACE 73110
1 site
Size
€310,100total assets 2025
Equity
€36,856
Loss
-€23,422
Turnover not published (abridged schema)
Financial health
79 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Structure
Parent
SAVICOM · 80%
Accounts 48 days early0 of 8 deeds read
Why 79- Loss of €23,422 (FY 2025)- Equity €36,856 (11.9% of total assets)+ Size: total assets €310,100+ Founded in 2010Show the evidence

Checked score

Score 2025
79 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 17% of its sector peers (NACE 73, micro)
Financial strength · tick = 2024
Weak
Solvency 37-1
equity 11.9% of total assets
Liquidity 25=
short-term debt 55.0% · cash 2.5%
Profitability 19-68
return on assets -7.6%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (11,213 companies)
Last 24 months 11-2024: 0.7% 12-2024: 0.7%● unchanged vs 11-2024 01-2025: 0.9%▲ +0.2 percentage points vs 12-2024highest value 02-2025: 0.2%▼ -0.7 percentage points vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025lowest value 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.4%▲ +0.2 percentage points vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.4%● unchanged vs 07-2026 09-2026: 0.4%● unchanged vs 08-2026 10-2026: 0.4%● unchanged vs 09-2026
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 1.82 against 1.87 in 2024; short-term debt: 55% and cash: 2.5% of total assets), but 88.1% of the assets are financed with debt.
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 73, micro): better than 21% on solvency, 13% on liquidity, 19% on profitability and 16% on growth.

The bankruptcy probability was computed on 07-10-2026 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.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €310,100
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Loss of €23,422 (FY 2025)
NBB · annual accounts
lowers risk · Founded in 2010
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Equity €36,856 (11.9% of total assets)
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 8544 sector peers (2025).
NBB · sector comparison
Position among 8544 sector peers
Solvency
better than 20%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 14-12-2025, 48 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
48 days early
2024
27 days early
2023
59 days early
2022
31 days early
2021
31 days early
2020
45 days late
2018
60 days late
← 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 13 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 31 December (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close08-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Back to profitnet €66,516

Key points

  • Caution: From profit to loss in 2025after €66,516 in 2024 -€23,422 View
  • Caution: Among the weakest 8% on net resultsector median €14,813 · 8,544 companies -€23,422 View
  • Controlled by SAVICOM 80% View
  • Positive: Always filed on timeaccounts within the deadline every year 5 years View

By topic

Financials

Fiscal year
2025
Total assets
€310,100
Loss
-€23,422
Solvency
11.9%
Total assets▼ 32.3%
Net result
20202025
Go to Financials

Timeline

Events
13
Since
2015
Next accounts
by 31-01-2027
  1. 03-12-2023Annual accounts filed
  2. 31-12-2022Annual accounts filed
  3. 31-12-2021Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Advertising agenciesNACE 73110
Founded
16-03-2010
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

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