Financials
- Fiscal year
- 2025
- Turnover
- €25.3m
- Loss
- -€142,470
- Solvency
- -5.7%
Turnover▼ 54.0%
Net result
20182025
Saverglass Ghlin SA
ActiveSummary
Saverglass Ghlin SA has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€2.3m) and a net result of -€142,470. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 336 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
Activity
Manufacture of other non-metallic mineral products
NACE 23130NACE 26130
#2 employer in Mons, Manufacturing sector1 site
Size
€25.3mturnover 2025
- Staff
- 257.9 FTE
- Equity
- -€2.3m
- Loss
- -€142,470
Turnover -54%: 6-month year
Structure
- Parent
- Société Nouvelle des Verreries d'Amérique (SNVDA) SRL · 100%
- Board
- 2 members
Accounts 32 d early
Why 53Capped at 59: negative equity- Negative equity -€2.3m- Liquidity: current ratio 0.48, cash €1.2m- Loss of €142,470, the second in a row (FY 2025)+ Sector Manufacture of other non-metallic mineral products (NACE 23)Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 17% of its sector peers (all companies)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
19-1
equity -5.7% of total assets
Liquidity
4+1
short-term debt 101.8% · cash 3.0%
Profitability
60+14
return on assets -0.4%
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.5%
12-2024: 0.5%● 0.0% vs 11-2024
01-2025: 0.5%● 0.0% vs 12-2024
02-2025: 0.4%▼ -3.8% vs 01-2025
03-2025: 0.4%▼ -4.8% vs 02-2025
04-2025: 0.4%▼ -3.4% vs 03-2025lowest value
05-2025: 0.4%▲ +0.5% vs 04-2025
06-2025: 0.4%▼ -0.5% vs 05-2025lowest value
07-2025: 0.4%▲ +10.3% vs 06-2025
08-2025: 1.3%▲ +195% vs 07-2025highest value
09-2025: 1.3%● 0.0% vs 08-2025highest value
10-2025: 1.3%● 0.0% vs 09-2025highest value
11-2025: 1.3%● 0.0% vs 10-2025highest value
12-2025: 1.3%● 0.0% vs 11-2025highest value
01-2026: 1.3%● 0.0% vs 12-2025highest value
02-2026: 0.9%▼ -32.2% vs 01-2026
03-2026: 0.9%● 0.0% vs 02-2026
04-2026: 0.9%● 0.0% vs 03-2026
05-2026: 0.9%● 0.0% vs 04-2026
06-2026: 0.9%● 0.0% vs 05-2026
07-2026: 0.9%● 0.0% vs 06-2026
08-2026: 0.9%▼ -3.3% vs 07-2026
09-2026: 0.9%▲ +1.1% vs 08-2026
10-2026: 0.9%▲ +0.6% vs 09-2026
- Negative equity -€2.3m raises the probability
- Liquidity: current ratio 0.48, cash €1.2m raises the probability
- Sector Manufacture of other non-metallic mineral products (NACE 23) lowers the probability
- Loss of €142,470, the second in a row (FY 2025) raises the probability
No credit on open account
Liquidity short (current ratio 0.48 against 0.51 in 2024; short-term debt: 101.8% and cash: 3% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (all companies). Better than this share of them on solvency 7%, liquidity 4%, profitability 41%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€2.3m
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 30-12-2025, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
15 d early
2023
48 d late
2022
60 d late
2021
204 d late
2020
131 d late
2019
411 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 115 days after the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 34% of the sector filed late.
Checked, nothing found (1)
- Resignations & appointmentsName change · Statutes amendment…
- Appointment: Laurent Siebert (director)Correction
- Resignation: Joël Rabette (daily management delegate)Appointment: Laurent Siebert (daily management…
Key points
- Risk: Negative equityfiscal year 2025: debts exceed assets -€2.3m View
- Caution: Among the weakest 5% on solvencysector median 46.9% · 336 companies -5.7% View
- Result rose in 20256-month fiscal year ▲ 92.8% View
- Controlled by Société Nouvelle des Verreries…known shareholders 100% 100% View
- Caution: 2 loss-making years in a rowloss fiscal year 2025 -€142,470 View
- Board changedlatest change 04-12-2025 · 2 in office 1 joined · 1 left View
By topic
Board & ownership
- Board
- 2 members
- Parent
- Société Nouvelle des Verreries… · 100%
- Known shareholders
- 100%
Go to Board & ownership
Network & group
- Group
- OF HOLDING
- Connected companies
- 3
Timeline
- Events
- 38
- Since
- 2007
- 01-10-2026Resignations & appointments
- 14-09-2026Appointment: Laurent Siebert (director)
- 02-09-2026Resignation: Joël Rabette (daily management delegate)
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Manufacture of other non-metallic mineral productsNACE 23130
- Founded
- 05-01-2000
- Year ends
- 30-06
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 1
- Purpose
- La société a pour objet, tant pour elle-même que pour le compte de tous tiers, ou en…
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