INDUSTRIAL GLASS PROCESSING

Active

Public limited companyfounded 20215 yrs activeRiyadhstraat 28, 2321 Hoogstraten, BelgiumKBO/BCE: BE 0771.543.542

Summary

The computed 12-month bankruptcy probability of INDUSTRIAL GLASS PROCESSING is 2.2% (moderate). The 2024 annual accounts show equity of €1.1m and a net result of -€16,542. Equity is growing by ~45.2% per year across the filed fiscal years. Its solvency ranks better than 22% of 7462 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

INDUSTRIAL GLASS PROCESSINGActiveChecked score 50/100

Risk analysis Report Compare

What they do

Specialised construction activities

NACE 43343Manufacture of other non-metallic mineral products NACE 23120

#2 company by staff growth in the province of Antwerp, Construction sector1 site

How big

€11.2mturnover 2024

Staff: 23.2 FTE
Equity: €1.1m
Loss: -€16,542

Financially healthy?

50 Fair Checked score 2024

Bankruptcy chance 12 m: 2.2%

Who decides

Parent: GLASS INVEST · 100%

Accounts 63 d overdue0 of 4 deeds read

Why 50- Limited track record- Higher-failure-rate sector- Annual accounts: weaker financial profile- Weak solvency vs sector- Filed more than 90 days late+ Lower-risk legal formShow the evidence

Checked score

Score 2024

50 / 100

Fair

Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability60▼-21

Solvency47▼-3

Growth59▼-19

Track record94

Bankruptcy probability, 12 months

2.2% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €55,000 at 30 days only on tighter terms

Liquidity tight (current ratio 1.05 against 0.86 in 2023; short-term debt: 44.7% and cash: 5.9% of total assets), and 78.1% of the assets are financed with debt.

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Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+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 date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Specialised construction activities (NACE 43)

about 85% more bankruptcies

← fewer bankruptcies more bankruptcies →

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

21.9%

Return on assets

-0.3%

Age of the figures

21 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 7462 sector peers (2024).

NBB · sector comparison

Position among 7462 sector peers

Solvency

better than 22%

← weakest strongest →

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-11-2025, 106 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

106 d late

2023

26 d early

2022

42 d early

2021

48 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 3 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

14-11-25 Annual accounts filedfiscal year 2024 · abbreviated…
05-07-24 Annual accounts filedfiscal year 2023 · abbreviated…
31-12-23 Highest result since 2021net €761,835 ▲812%

Key points

Caution: From profit to loss in 2024after €761,835 in 2023 -€16,542 View
Caution: Among the weakest 12% on net resultsector median €44,445 · 7,457 companies -€16,542 View
Caution: Accounts not fileddeadline was 31-07-2026 63 d late View
Controlled by GLASS INVESTultimately: Resiglass 100% View
Flemish supportawarded 2023 - 2025 €105,979 View