GLT DIFFUSION
ActiveSummary
GLT DIFFUSION has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €98,282 and a net result of €16,474. Equity is growing by ~19.4% per year across the filed fiscal years. Its solvency ranks better than 34% of 10485 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+4
Solvency48▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity short (current ratio 0.12 against 0.15 in 2024; short-term debt: 15.4% and cash: 0.4% of total assets), and 77.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
22.8%
Return on assets
3.8%
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 10 filingsDeviation from the deadline
2025
25 d late
2024
4 d late
2023
27 d late
2022
32 d late
2021
23 d late
2020
20 d late
2019
3 d 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 19 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€16,474▲ 8.5%
2024 · €15,185
Working capital
-€58,387▲ 4.1%
2024 · -€60,884
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Operating result€16,617▼ 44.9%€34,853▲ 110%€16,826▼ 51.7%€33,458▲ 98.8%€34,996▲ 4.6%
Net result-€5,357below the sector's middle half€15,343within the sector's middle half€3,143within the sector's middle half▼ 79.5%€15,185within the sector's middle half▲ 383%€16,474within the sector's middle half▲ 8.5%
Equity€48,138below the sector's middle half▼ 10.0%€63,481within the sector's middle half▲ 31.9%€66,624within the sector's middle half▲ 5.0%€81,809within the sector's middle half▲ 22.8%€98,282within the sector's middle half▲ 20.1%
Total assets€477,313within the sector's middle half▲ 8.1%€453,792within the sector's middle half▼ 4.9%€452,478within the sector's middle half▼ 0.3%€436,113below the sector's middle half▼ 3.6%€430,122within the sector's middle half▼ 1.4%
Debt€429,176▲ 10.6%€390,312▼ 9.1%€385,854▼ 1.1%€354,304▼ 8.2%€331,839▼ 6.3%
Working capital-€39,299▼ 107%-€33,047▲ 15.9%-€60,101▼ 81.9%-€60,884▼ 1.3%-€58,387▲ 4.1%
Solvency10.1%below the sector's middle half▼ 2.0pp14.0%within the sector's middle half▲ 3.9pp14.7%within the sector's middle half▲ 0.7pp18.8%within the sector's middle half▲ 4.0pp22.8%within the sector's middle half▲ 4.1pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 5% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €430,122
Fixed assets
€422,309 ▼ 0.7%
Current assets
€7,812 ▼ 26.6%
Equity and liabilities €430,122
Equity
€98,282 ▲ 20.1%
Debt
€331,839 ▼ 6.3%
Debt's share of the balance-sheet total falls from 81.2% to 77.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€64,318▲
2024 · €59,946
Cash flow
€45,795▲
2024 · €41,672
Current ratio
0.12▼
2024 · 0.15
Debt to equity
3.38▼
2024 · 4.33
ROE
16.8%▼
2024 · 18.6%
ROA
3.8%▲
2024 · 3.5%
Interest coverage
6.13▲
2024 · 5.65
Debt ≤ 1 year
€66,199▼
2024 · €71,525
Debt > 1 year
€265,640▼
2024 · €282,779
Income taxes
€8,118▲
2024 · €7,670
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,500 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
1.6%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 4,500 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,240 | €25,794 | €25,361 | €26,488 | €29,322 | ▲ 10.7% |
| Other operating charges640/8 | €5,966 | €5,307 | €3,746 | €3,313 | €3,549 | ▲ 7.1% |
| Gross operating margin9900 | €47,823 | €65,953 | €45,933 | €63,259 | €67,867 | ▲ 7.3% |
| Operating profit (loss)9901 | €16,617 | €34,853 | €16,826 | €33,458 | €34,996 | ▲ 4.6% |
| Financial income75/76B | €661 | €3 | - | - | €96 | - |
| Recurring financial income75 | €661 | €3 | - | - | €96 | - |
| Financial charges65/66B | €19,758 | €12,054 | €11,392 | €10,603 | €10,501 | ▼ 1.0% |
| Recurring financial charges65 | €19,758 | €12,054 | €11,392 | €10,603 | €10,501 | ▼ 1.0% |
| Profit (loss) for the period before taxes9903 | -€2,480 | €22,802 | €5,434 | €22,855 | €24,592 | ▲ 7.6% |
| Income taxes67/77 | €2,876 | €7,459 | €2,291 | €7,670 | €8,118 | ▲ 5.8% |
| Profit (loss) for the period9904 | -€5,357 | €15,343 | €3,143 | €15,185 | €16,474 | ▲ 8.5% |
| Profit (loss) for the period to be appropriated9905 | -€5,357 | €15,343 | €3,143 | €15,185 | €16,474 | ▲ 8.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €477,313 | €453,792 | €452,478 | €436,113 | €430,122 | ▼ 1.4% |
| Fixed assets21/28 | €467,915 | €445,319 | €442,958 | €425,472 | €422,309 | ▼ 0.7% |
| Tangible fixed assets22/27 | €467,915 | €445,319 | €442,958 | €425,472 | €422,309 | ▼ 0.7% |
| Land and buildings22 | €464,865 | €443,518 | €442,267 | €425,472 | €400,271 | ▼ 5.9% |
| Furniture and vehicles24 | €3,051 | €1,801 | €691 | - | €22,039 | - |
| Current assets29/58 | €9,398 | €8,473 | €9,520 | €10,641 | €7,812 | ▼ 26.6% |
| Amounts receivable within one year40/41 | €7,820 | €8,225 | €9,417 | €10,560 | €6,305 | ▼ 40.3% |
| Trade receivables40 | - | - | €45 | €857 | €2,886 | ▲ 237% |
| Other amounts receivable41 | €7,820 | €8,225 | €9,372 | €9,702 | €3,419 | ▼ 64.8% |
| Cash at bank and in hand54/58 | €1,578 | €249 | €103 | €81 | €1,507 | ▲ 1,760% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €477,313 | €453,792 | €452,478 | €436,113 | €430,122 | ▼ 1.4% |
| Equity10/15 | €48,138 | €63,481 | €66,624 | €81,809 | €98,282 | ▲ 20.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €8,060 | €8,060 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | - | - | - |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | - | - | - |
| Profit (loss) carried forward14 | €40,078 | €55,421 | €58,564 | €73,749 | €90,222 | ▲ 22.3% |
| Amounts payable17/49 | €429,176 | €390,312 | €385,854 | €354,304 | €331,839 | ▼ 6.3% |
| Amounts payable after more than one year17 | €380,478 | €348,792 | €316,234 | €282,779 | €265,640 | ▼ 6.1% |
| Financial debts170/4 | €380,478 | €348,792 | €316,234 | €282,779 | €265,640 | ▼ 6.1% |
| Amounts payable within one year42/48 | €48,697 | €41,520 | €69,621 | €71,525 | €66,199 | ▼ 7.4% |
| Current portion of amounts payable after more than one year42 | €35,838 | €36,686 | €37,558 | €38,454 | €42,264 | ▲ 9.9% |
| Financial debts43 | - | €683 | €1,153 | €2,773 | €2,311 | ▼ 16.6% |
| Credit institutions430/8 | - | €683 | €1,153 | €2,773 | €2,311 | ▼ 16.6% |
| Trade debts44 | €1,751 | €1,716 | €14,103 | €1,587 | €833 | ▼ 47.5% |
| Suppliers440/4 | €1,751 | €1,716 | €14,103 | €1,587 | €833 | ▼ 47.5% |
| Taxes, remuneration and social security45 | €4,087 | €2,435 | €2,468 | €2,645 | €7,763 | ▲ 193% |
| Taxes450/3 | €4,087 | €2,435 | €2,468 | €2,645 | €7,763 | ▲ 193% |
| Other amounts payable47/48 | €7,022 | - | €14,339 | €26,065 | €13,027 | ▼ 50.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,357 | €15,343 | €3,143 | €15,185 | €16,474 | ▲ 8.5% |
| + Depreciation and write-downs630 | €25,240 | €25,794 | €25,361 | €26,488 | €29,322 | ▲ 10.7% |
| Operating cash flow (approximation) | €19,883 | €41,137 | €28,504 | €41,672 | €45,795 | ▲ 9.9% |
| Investment in fixed assets (approximation) | - | -€3,198 | -€23,000 | -€9,002 | -€26,159 | ▼ 191% |
| Change in cash | - | -€1,329 | -€146 | -€22 | €1,426 | ▲ 6,731% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
27-03
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- General meeting, 02/02/2026
- Registered-office move, 7700 Mouscron - Rue des Pyramides, 16
2025
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 4 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 27 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 32 days late
2022
31-12
Financial
Back to profitnet €15,343
Net result €15,343 after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 23 days late
2021
31-12
Financial
Weakest financial yearnet -€5,357
Net result drops to -€5,357, the lowest in the series; recovery starts the following year.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 20 days late
2020
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 3 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 22 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 24 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Mouscron · 1 establishment unit since 2013
Ground area
6,926 m²
Building footprint
297 m²
Volume, LiDAR
854 m³
2 parcels, Wallonia · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue de Saint-Léger(EV) 20, 7730 Estaimpuis
since 20132.222.858.829
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57028B0215/00K000 | Wallonia | 5,758 m² | 1 · 131 m² | 8.4 m · 2 fl. |
| 54432C0139/00G004 | Wallonia | 1,168 m² | 1 · 167 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
NHM NATURAL HEALTH MEANS
BE 0464.447.480
Gembloux · Eq €98,255
ICAM GROUP
BE 0762.846.701
Brussel · Eq €98,024
SUPERGOODS
BE 0846.381.121
Mechelen · Eq €98,546
SANKTA
BE 0772.849.280
Schoten · Eq €98,006
PointPlan
BE 0839.119.878
Sint-Lambrechts-Woluwe · Eq €97,987
Of 12,955 companies in sector 47120 we hold annual accounts for 2,192. 1,509 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
Founded16-07-2013
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
Contact
Phone
0477/41.19.70
E-invoicing
Reachable via Peppol
Peppol ID
0208:0536708225
Also
9925:BE0536708225
Registered
09-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.