GLX SERVICES
ActiveSummary
The computed 12-month bankruptcy probability of GLX SERVICES is 2.9% (moderate). The 2025 annual accounts show equity of €317,495 and a net result of €81,812. Equity is growing by ~38.8% per year across the filed fiscal years. Its solvency ranks better than 27% of 1893 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+2
Solvency46▲+1
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity short (current ratio 0.68 against 0.53 in 2024; short-term debt: 30.7% and cash: 6.5% of total assets), and 79% of the assets are financed with debt.
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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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
21%
Return on assets
5.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 4 filingsDeviation from the deadline
2025
26 d late
2024
35 d early
2023
28 d late
2022
12 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 2 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% 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 7 August (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€81,812▲ 66.7%
2024 · €49,070
Working capital
-€147,502▲ 40.3%
2024 · -€247,111
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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
Line2022202320242025
Operating result€91,071-€164,565▲ 80.7%€78,290▼ 52.4%€135,000▲ 72.4%
Net result€66,918above the sector's middle half-€114,695within the sector's middle half▲ 71.4%€49,070within the sector's middle half▼ 57.2%€81,812within the sector's middle half▲ 66.7%
Equity€71,918within the sector's middle half-€186,613within the sector's middle half▲ 159%€235,683within the sector's middle half▲ 26.3%€317,495within the sector's middle half▲ 34.7%
Total assets€566,631above the sector's middle half-€858,763within the sector's middle half▲ 51.6%€1.2mwithin the sector's middle half▲ 39.4%€1.5mwithin the sector's middle half▲ 26.0%
Debt€494,713-€672,149▲ 35.9%€961,745▲ 43.1%€1.2m▲ 23.9%
Working capital-€119,984below the sector's middle half--€184,574below the sector's middle half▼ 53.8%-€247,111below the sector's middle half▼ 33.9%-€147,502below the sector's middle half▲ 40.3%
Solvency12.7%below the sector's middle half-21.7%within the sector's middle half▲ 9.0pp19.7%within the sector's middle half▼ 2.0pp21.0%within the sector's middle half▲ 1.4pp
Current ratio0.49below the sector's middle half-0.40below the sector's middle half▼ 0.090.53below the sector's middle half▲ 0.120.68below the sector's middle half▲ 0.15
Return on assets (ROA)11.8%within the sector's middle half-13.4%above the sector's middle half▲ 1.5pp4.1%within the sector's middle half▼ 9.3pp5.4%within the sector's middle half▲ 1.3pp
Staff (FTE)0.6below the sector's middle half2below the sector's middle half▲ 233%3below the sector's middle half▲ 50.0%
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 72% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€1.2m ▲ 29.5%
Current assets
€315,513 ▲ 14.5%
Equity and liabilities €1.5m
Equity
€317,495 ▲ 34.7%
Debt
€1.2m ▲ 23.9%
Debt's share of the balance-sheet total falls from 80.3% to 79.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€497,185▲
2024 · €300,734
Cash flow
€443,996▲
2024 · €271,514
Quick ratio
0.68▲
2024 · 0.53
Debt to equity
3.75▼
2024 · 4.08
ROE
25.8%▲
2024 · 20.8%
Interest coverage
12.80▼
2024 · 14.33
Debt ≤ 1 year
€463,015▼
2024 · €522,759
Debt > 1 year
€728,271▲
2024 · €438,985
Income taxes
€14,348▲
2024 · €8,234
Staff costs
€136,836▲
2024 · €92,928
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
3.6%
went bankrupt
1.8%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.9% 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 497,340 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% | 1.8% |
| 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 7,976 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €34,808 | €92,928 | €136,836 | ▲ 47.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €85,059 | €150,497 | €222,443 | €362,185 | ▲ 62.8% |
| Other operating charges640/8 | €2,190 | €3,771 | €16,733 | €11,578 | ▼ 30.8% |
| Gross operating margin9900 | €178,320 | €353,641 | €410,394 | €645,599 | ▲ 57.3% |
| Operating profit (loss)9901 | €91,071 | €164,565 | €78,290 | €135,000 | ▲ 72.4% |
| Financial income75/76B | - | €0 | - | €5 | - |
| Recurring financial income75 | - | €0 | - | €5 | - |
| Financial charges65/66B | €6,021 | €12,369 | €20,986 | €38,845 | ▲ 85.1% |
| Recurring financial charges65 | €6,021 | €12,369 | €20,986 | €38,845 | ▲ 85.1% |
| Profit (loss) for the period before taxes9903 | €85,051 | €152,196 | €57,304 | €96,160 | ▲ 67.8% |
| Income taxes67/77 | €18,133 | €37,501 | €8,234 | €14,348 | ▲ 74.3% |
| Profit (loss) for the period9904 | €66,918 | €114,695 | €49,070 | €81,812 | ▲ 66.7% |
| Profit (loss) for the period to be appropriated9905 | €66,918 | €114,695 | €49,070 | €81,812 | ▲ 66.7% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €566,631 | €858,763 | €1.2m | €1.5m | ▲ 26.0% |
| Formation expenses20 | €895 | €680 | €466 | €252 | ▼ 45.9% |
| Fixed assets21/28 | €450,067 | €732,608 | €921,313 | €1.2m | ▲ 29.5% |
| Intangible fixed assets21 | €106,811 | €89,659 | €72,507 | €55,355 | ▼ 23.7% |
| Tangible fixed assets22/27 | €343,121 | €642,814 | €848,401 | €1.1m | ▲ 34.0% |
| Plant, machinery and equipment23 | €28,017 | €118,744 | €181,846 | €158,592 | ▼ 12.8% |
| Furniture and vehicles24 | €303,841 | €502,170 | €646,251 | €948,215 | ▲ 46.7% |
| Other tangible fixed assets26 | €11,263 | €21,900 | €20,305 | €30,449 | ▲ 50.0% |
| Financial fixed assets28 | €135 | €135 | €405 | €405 | = |
| Current assets29/58 | €115,669 | €125,474 | €275,649 | €315,513 | ▲ 14.5% |
| Stocks and contracts in progress3 | €400 | €400 | €400 | €400 | = |
| Stocks30/36 | €400 | €400 | €400 | €400 | = |
| Amounts receivable within one year40/41 | €94,890 | €84,370 | €221,561 | €212,162 | ▼ 4.2% |
| Trade receivables40 | €94,890 | €65,472 | €203,702 | €183,186 | ▼ 10.1% |
| Other amounts receivable41 | - | €18,898 | €17,859 | €28,976 | ▲ 62.3% |
| Cash at bank and in hand54/58 | €19,279 | €37,128 | €46,722 | €97,385 | ▲ 108% |
| Deferred charges and accrued income490/1 | €1,101 | €3,576 | €6,965 | €5,565 | ▼ 20.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €566,631 | €858,763 | €1.2m | €1.5m | ▲ 26.0% |
| Equity10/15 | €71,918 | €186,613 | €235,683 | €317,495 | ▲ 34.7% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €66,918 | €181,613 | €230,683 | €312,495 | ▲ 35.5% |
| Distributable reserves133 | €66,918 | €181,613 | €230,683 | €312,495 | ▲ 35.5% |
| Amounts payable17/49 | €494,713 | €672,149 | €961,745 | €1.2m | ▲ 23.9% |
| Amounts payable after more than one year17 | €259,060 | €362,101 | €438,985 | €728,271 | ▲ 65.9% |
| Financial debts170/4 | €259,060 | €362,101 | €438,985 | €728,271 | ▲ 65.9% |
| Amounts payable within one year42/48 | €235,653 | €310,049 | €522,759 | €463,015 | ▼ 11.4% |
| Current portion of amounts payable after more than one year42 | €113,786 | €153,717 | €213,916 | €288,679 | ▲ 34.9% |
| Trade debts44 | €59,557 | €59,377 | €229,204 | €83,035 | ▼ 63.8% |
| Suppliers440/4 | €59,557 | €59,377 | €229,204 | €83,035 | ▼ 63.8% |
| Taxes, remuneration and social security45 | €15,273 | €46,078 | €25,334 | €36,831 | ▲ 45.4% |
| Taxes450/3 | €10,273 | €42,823 | €11,459 | €17,025 | ▲ 48.6% |
| Remuneration and social security454/9 | €5,000 | €3,255 | €13,875 | €19,806 | ▲ 42.7% |
| Other amounts payable47/48 | €47,038 | €50,876 | €54,306 | €54,471 | ▲ 0.3% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €66,918 | €114,695 | €49,070 | €81,812 | ▲ 66.7% |
| + Depreciation and write-downs630 | €85,059 | €150,497 | €222,443 | €362,185 | ▲ 62.8% |
| Operating cash flow (approximation) | €151,977 | €265,192 | €271,514 | €443,996 | ▲ 63.5% |
| Investment in fixed assets (approximation) | - | -€433,038 | -€411,149 | -€633,887 | ▼ 54.2% |
| Change in cash | - | €17,849 | €9,594 | €50,663 | ▲ 428% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €49,070 ▼57.2%
Net result drops to €49,070, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200,000Eq €235,683 ▲26.3%
3 profitable years in a row build equity to €235,683.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
31-12
Financial
Highest result since 2022net €114,695 ▲71.4%
Operating result €164,565, net result €114,695, both a record.
31-12
Financial
Equity above €150,000Eq €186,613 ▲159%
2 profitable years in a row build equity to €186,613.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · 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, Saint-Ghislain · 1 establishment unit since 2022
Ground area
607 m²
Building footprint
197 m²
Volume, LiDAR
1,422 m³
Parcel 53057B0323/00M000, Wallonia · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Maurice Dumont(N) 19, 7332 Saint-Ghislain
since 20222.331.255.735
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53057B0323/00M000 | Wallonia | 607 m² | 1 · 197 m² | 9.3 m · 2 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.
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Of 12,582 companies in sector 49410 we hold annual accounts for 8,205. 5,786 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
Founded07-03-2022
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
01610Support activities for crop production
43120Site preparation
43350Other building finishing work
81300Landscape service activities
82990Other business support services
Contact
E-mail
glorieux.geoffrey@gmail.comSaint-Ghislain
Phone
0494855096Saint-Ghislain
E-invoicing
Reachable via Peppol
Peppol ID
0208:0782923424
Also
9925:BE0782923424
Registered
31-10-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.