Equity
€40,901 from €273,894 in 2021
Equity fell by 85% in 4 years.
GLANO
Lifetime
16 annual accounts with figures on one time axispeak €853,732 (2020)
€49,484▼ 34.2%
lowest -€59,118 (2012)
-€6,450▼ €35,581
peak €273,894 (2021)
€40,901▼ 13.6%
€249,611▼ 5.3%
peak 12.6 FTE (2021)
-not published
Board2 names since 2017
2 directorsCarnail Astrid and 1 other
Documentsfilings and deeds
22-09-202653 days late
2025financial year
Gross margin from €75,208 to €49,484Loss of €6,450Equity from €47,351 to €40,901Cash from €83,845 to €15,136
Key points
from the 2025 annual accountsChecked score
67
Healthy
Financially stronger than 31% of micro companies in retail trade (NACE 47)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,277 companies (NACE 47, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.4%
01-2025: 1.4%● unchanged vs 12-2024
02-2025: 1.4%● unchanged vs 01-2025
03-2025: 1.4%● unchanged vs 02-2025
04-2025: 1.4%● unchanged vs 03-2025
05-2025: 1.7%▲ +0.3 percentage points vs 04-2025
06-2025: 1.6%▼ -0.1 percentage points vs 05-2025
07-2025: 1.6%● unchanged vs 06-2025
08-2025: 2.2%▲ +0.6 percentage points vs 07-2025highest value
09-2025: 0.3%▼ -1.9 percentage points vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.4%▲ +0.1 percentage points vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.3%▼ -0.1 percentage points vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026lowest value
08-2026: 0.6%▲ +0.3 percentage points vs 07-2026
09-2026: 0.7%▲ +0.1 percentage points vs 08-2026
10-2026: 0.8%▲ +0.1 percentage points vs 09-2026
11-2026: 0.8%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 53 days late; 1 of the last 3 accounts late
Sector: Retail trade (NACE 47)
lowers risk
Founded in 2009
Size: total assets €290,512
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 30% of them on solvency, 37% on liquidity, 34% on profitability and 24% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,166 companies had the same profile as GLANO has now. Each dot stands for 6 companies, two years later.
94.2%
were still trading
3.0%
stopped another way
2.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GLANO itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,166 companies, not a prediction for GLANO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.2 (1.4 in 2024), below the usual 1.5. Short-term debt is 37.4% and cash 5.2% of total assets. 85.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 5070 sector peers (2025).
NBB · sector comparisonPosition among 5070 sector peers
Solvency
better than 25%
← weakest
strongest →
raises risk · 2025 accounts filed 53 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-09-2026, 53 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
53 days late
2024
29 days late
2023
30 days late
2022
73 days late
2021
78 days late
2020
25 days early
2019
38 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 39 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 September (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0814785548
Registered office moved from Liedekerke to Melle
New registered office: ROOTPUTTE 15 te 9090 MELLE · Previous registered office: Holstraat 115 te 1770 Liedekerke · General meeting of 20-06-2023 · Gazette deed
Demerger: MOBILTY BY OLIVIER splits off to MOBILITY BY OLIVIER
Company renamed from MOBILTY BY OLIVIER to GLANO · Resignations: Van Acker Olivier (director) and Carnail Astrid (director) · Reappointments: Van Acker Olivier (director) and Carnail Astrid (director) · General meeting of 28-03-2022 · Gazette deed
Demerger proposal: MOBILITY BY OLIVIER - GLANO splits off to MOBILITY BY OLIVIER
Appointments: Olivier Van Acker (director) and Astrid Carnail (director) · Name change: GLANO · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GLANO Merelbeke-Melle | €290,512 | €49,484 | 14.1% | - |
| ARGUS MEDICAL Herne | €308,007 | €41,297 | 48.8% | - |
| TINA RUSSILLO Ans | €343,872 | €42,190 | -5.4% | - |
| NH Management Dalhem | €232,753 | €61,849 | 46.0% | - |
| Centre Auditif Sambreville Sambreville | €222,651 | €54,005 | 63.9% | - |
| MAF DENTAL Liège | €304,049 | €34,964 | 18.0% | - |
| ORTHO-STEMA Sambreville | €235,432 | €53,760 | 60.6% | - |
These companies have the same main activity as GLANO: retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses (NACE 47741). They are comparable in size and age: total assets between €223,000 and €344,000, founded between 2006 and 2011.
Official details
Source: KBO- Status
- Active since 25-06-2009Normal situation
- Activity
- Retail sale of medical and orthopaedic goods, excluding prescription glasses and lensesNACE 47741
- Joint committee
- 340Orthopaedic technologies · annual accounts 2021
- Establishment unit
- 2.186.574.0979090 Merelbeke-Melle, since 25-06-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- ≈ €230,000estimated
- €290,512▼ 6.6%
- ≈ 0.1 FTEestimated
- Filing
- Filed on 22-09-2026
Insights on GLANO
GLANO has existed since 2009. The gross margin fell from €804,853 in 2021 to €66,435 in 2022.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GLANO
- What is the company number of GLANO?
- The company number of GLANO is 0814.785.548. The VAT number is the same number with BE in front: BE 0814.785.548.
- Where is GLANO based?
- The registered office is at Rootputte 15, 9090 Merelbeke-Melle.Company details
- What does GLANO do?
- According to the KBO register, the main activity is retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses (NACE 47741).
- What is the legal form of GLANO?
- GLANO is a private limited company (BV).
- When was GLANO founded?
- GLANO was founded on 25-06-2009.
- Is GLANO still active?
- Yes, GLANO is an active enterprise in the KBO register.
- How many employees does GLANO have?
- GLANO had an average of 12.6 full-time equivalents in financial year 2021, according to the filed annual accounts.Financials
- Which joint committee does GLANO fall under?
- In its 2021 annual accounts, GLANO states joint committee 340 (Orthopaedic technologies).
- What is the turnover of GLANO?
- The turnover in financial year 2025 is ≈ €230,000. This figure is estimated from the gross margin of €49,484 and 72 comparable companies (NACE 477). It probably lies between €130,000 and €430,000.
- Is GLANO profitable?
- In financial year 2025, GLANO made a loss of €6,450.
- Where can I find the annual accounts of GLANO?
- GLANO filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GLANO due?
- GLANO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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