GLYNDELA
ActiveGLYNDELA has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.12M and a net result of €-9k. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 69% of 8592 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-78
Solvency100=
Growth35▼-17
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity ample (current ratio 18.32 against 5.87 in 2024), and 27.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
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
72.8%
Return on assets
-0.2%
Age of the figures
8 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
10 d late
2024
31 d early
2023
31 d early
2022
35 d early
2021
34 d early
2020
40 d early
2019
35 d early
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€18k▼ 78.4%
2024 · €82k
2018: €168k
2019: €169k
2020: €162k
2021: €97k
2022: €53k
2023: €40k
2024: €82k
2018 → 2025
EBIT margin
-193.5%▼ 241.2pp
2024 · 47.7%
2018: 61.6%
2019: 54.6%
2020: 54.0%
2021: 6.5%
2022: -40.6%
2023: -63.6%
2024: 47.7%
2018 → 2025
Net result
€-9k
2024 · €222k
2018: €39k
2019: €32k
2020: €30k
2021: €12k
2022: €21k
2023: €67k
2024: €222k
2018 → 2025
Working capital
€358k▼ 7.5%
2024 · €386k
2018: €92k
2019: €116k
2020: €154k
2021: €174k
2022: €168k
2023: €207k
2024: €386k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€97k-€53k▼ 45.4%€40k▼ 23.9%€82k▲ 102%€18k▼ 78.4%
Equity€2.95M-€2.94M▼ 0.5%€2.97M▲ 1.1%€3.15M▲ 6.1%€3.12M▼ 0.9%
Operating result€6k-€-22k€-26k▼ 19.3%€39k€-34k
Net result€12k-€21k▲ 77.3%€67k▲ 222%€222k▲ 231%€-9k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €34k after €39k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.28M
Fixed assets
€3.90M=
Current assets
€378k▼ 18.8%
Equity and liabilities €4.28M
Equity
€3.12M▼ 0.9%
Debt
€1.16M▼ 4.8%
The debt ratio falls from 28.0% to 27.2%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€-34k▼
2024 · €39k
Cash flow
€-9k▼
2024 · €222k
Solvency
72.8%▲
2024 · 72.0%
Current ratio
18.32▲
2024 · 5.87
Quick ratio
18.32▲
2024 · 5.87
Debt / equity
0.37▼
2024 · 0.39
ROE
-0.3%▼
2024 · 7.0%
ROA
-0.2%▼
2024 · 5.1%
Interest coverage
-124.41▼
2024 · 572.22
Debt
€1.16M▼
2024 · €1.22M
Debt ≤ 1 year
€21k▼
2024 · €79k
Debt > 1 year
€1.14M=
2024 · €1.14M
Income taxes
€165▼
2024 · €23k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.37M€4.28M▼
Fixed assets21/28€3.91M€3.90M=
Tangible fixed assets22/27€2k€2k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€876€595▼
Financial fixed assets28€3.90M€3.90M=
Current assets29/58€466k€378k▼
Amounts receivable within one year40/41€16k€7k▼
Trade receivables40€16k€7k▼
Other amounts receivable41€42-
Current investments50/53-€261k
Cash at bank and in hand54/58€449k€110k▼
Equity and liabilities
Total equity and liabilities10/49€4.37M€4.28M▼
Equity10/15€3.15M€3.12M▼
Contributions10/11€2.13M€2.13M=
Reserves13€1.02M€986k▼
Non-distributable reserves130/1€40k€40k=
Reserves not available under the articles1311€40k€40k=
Distributable reserves133€975k€945k▼
Amounts payable17/49€1.22M€1.16M▼
Amounts payable after more than one year17€1.14M€1.14M=
Financial debts170/4€1.14M€1.14M=
Amounts payable within one year42/48€79k€21k▼
Trade debts44€1k€554▼
Suppliers440/4€1k€554▼
Taxes, remuneration and social security45€34k€1k▼
Taxes450/3€34k€1k▼
Other amounts payable47/48€44k€19k▼
Income statement
Code20242025
Turnover70€82k€18k▼
Goods, raw materials, services and sundry goods60/61€58k€52k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€475€623▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€41k€-32k▼
Operating profit (loss)9901€39k€-34k▼
Financial income75/76B€205k€25k▼
Recurring financial income75€205k€25k▼
Financial charges65/66B€69€270▲
Recurring financial charges65€69€270▲
Profit (loss) for the period before taxes9903€244k€-9k▼
Income taxes67/77€23k€165▼
Profit (loss) for the period9904€222k€-9k▼
Profit (loss) for the period to be appropriated9905€222k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€222k€-9k▼
Transfer from equity791/2€40k€29k▼
Transfer to equity691/2€221k-
To other reserves6921€221k-
Profit to be distributed694/7€41k€20k▼
Return on contributions (dividend)694€41k€20k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 10 days late
2025
31-12
Financial
Weakest financial yearnet €-9k ▼104%
Net result drops to €-9k, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 18.32
Current ratio from 5.87 to 18.32; short-term debt falls from €79k to €21k.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €222k ▲231%
Net result €222k, the highest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity triplescurrent ratio 8.00
Current ratio from 2.93 to 8.00; short-term debt falls from €47k to €16k.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Olen · 1 establishment unit since 2008
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Greesstraat 42250 OlenGround area
3,117 m²
Building footprint
254 m²
Volume, LiDAR
964 m³
Parcel 13029B0156/00G000, Flanders · tallest building 6.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
GLYNDELA
since 20082.175.696.340
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13029B0156/00G000 | Flanders | 3,117 m² | 1 · 254 m² | 6.2 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
875500IWVDSBSLJJHY86
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KINBO
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FINSA
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Of 82,215 companies in sector 70200 we hold annual accounts for 52,392. 15,391 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-11-2008
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
64200Holdings
64210Activities of holding companies
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.