SO GLAM
ActiveSO GLAM has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €30k and a net result of €32k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 40% of 11210 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency54▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 1.92 against 2.38 in 2024; short-term debt: 51.8% and cash: 29.1% of total assets), but 71.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
28.6%
Return on assets
30.6%
Age of the figures
15 mo
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 · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €30k
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 31-01-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
3 d late
2023
on the day
2022
1 d early
2021
on the day
2020
1 d early
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close16-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€30k▲ 40.3%
2024 · €21k
2019: €-8k
2020: €-1k
2021: €63
2022: €2k
2023: €5k
2024: €21k
2019 → 2025
Total assets
€105k▲ 24.6%
2024 · €85k
2019: €61k
2020: €63k
2021: €59k
2022: €58k
2023: €59k
2024: €85k
2019 → 2025
Net result
€32k▲ 4.8%
2024 · €31k
2019: €-9k
2020: €7k
2021: €1k
2022: €2k
2023: €3k
2024: €31k
2019 → 2025
Working capital
€50k▲ 3.2%
2024 · €49k
2019: €47k
2020: €50k
2021: €48k
2022: €44k
2023: €40k
2024: €49k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€63-€2k▲ 3,061%€5k▲ 137%€21k▲ 352%€30k▲ 40.3%
Operating result€6k-€5k▼ 2.2%€6k▲ 6.3%€42k▲ 619%€44k▲ 5.5%
Net result€1k-€2k▲ 60.0%€3k▲ 41.1%€31k▲ 1,022%€32k▲ 4.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 6% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €105k
Fixed assets
€462▼ 35.3%
Current assets
€105k▲ 25.1%
Equity and liabilities €105k
Equity
€30k▲ 40.3%
Debt
€75k▲ 19.2%
The debt ratio falls from 74.6% to 71.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€44k▲
2024 · €42k
Cash flow
€32k▲
2024 · €31k
Solvency
28.6%▲
2024 · 25.4%
Current ratio
1.92▼
2024 · 2.38
Quick ratio
1.92▼
2024 · 2.38
Debt / equity
2.50▼
2024 · 2.94
ROE
107.0%▼
2024 · 143.2%
ROA
30.6%▼
2024 · 36.3%
Interest coverage
13.05▲
2024 · 10.40
Debt
€75k▲
2024 · €63k
Debt ≤ 1 year
€55k▲
2024 · €35k
Debt > 1 year
€20k▼
2024 · €28k
Income taxes
€11k▲
2024 · €7k
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€85k€105k▲
Fixed assets21/28€714€462▼
Tangible fixed assets22/27€714€462▼
Furniture and vehicles24€714€462▼
Current assets29/58€84k€105k▲
Amounts receivable after more than one year29€13k€10k▼
Other amounts receivable291€13k€10k▼
Amounts receivable within one year40/41€53k€64k▲
Trade receivables40€16k€19k▲
Other amounts receivable41€37k€44k▲
Cash at bank and in hand54/58€18k€31k▲
Deferred charges and accrued income490/1-€182
Equity and liabilities
Total equity and liabilities10/49€85k€105k▲
Equity10/15€21k€30k▲
Contributions10/11€19k€19k=
Reserves13-€11k
Distributable reserves133-€11k
Profit (loss) carried forward14€3k€0▼
Amounts payable17/49€63k€75k▲
Amounts payable after more than one year17€28k€20k▼
Financial debts170/4€28k€20k▼
Amounts payable within one year42/48€35k€55k▲
Current portion of amounts payable after more than one year42€7k€8k▲
Trade debts44€1k€6k▲
Suppliers440/4€1k€6k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€13k€17k▲
Taxes450/3€13k€17k▲
Other amounts payable47/48€14k€24k▲
Accrued charges and deferred income492/3€0€240▲
Income statement
Code20242025
Non-recurring operating income76A€800€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43€252▲
Other operating charges640/8€2k€699▼
Gross operating margin9900€43k€45k▲
Operating profit (loss)9901€42k€44k▲
Financial income75/76B€1€2k▲
Recurring financial income75€1€2k▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€38k€43k▲
Income taxes67/77€7k€11k▲
Profit (loss) for the period9904€31k€32k▲
Profit (loss) for the period to be appropriated9905€31k€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€17k€35k▲
Profit (loss) brought forward from the previous period14P€-14k€3k▲
Transfer to equity691/2-€11k
To other reserves6921-€11k
Profit to be distributed694/7€14k€24k▲
Return on contributions (dividend)694€10k€24k▲
Directors or managers695€4k€0▼
The notes to these accounts (6 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
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2019net €32k ▲4.8%
Operating result €44k, net result €32k, both a record.
03-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 3 days late
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 36 days late
2017
24-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Putte · 1 establishment unit since 2015
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.
Hoogstraat 582580 PutteGround area
8,333 m²
Building footprint
289 m²
Volume, LiDAR
889 m³
2 parcels, Flanders · tallest building 9.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SO GLAM
since 20152.242.333.063
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24109B0669/00D000 | Flanders | 6,181 m² | - | - |
| 12001C0469/00A000 | Flanders | 2,152 m² | 1 · 289 m² | 9.9 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
DEPECO
BE 0758.464.675
Zulte · Eq €30k
Bonjoursoleil
BE 0832.926.132
De Haan · Eq €30k
TANIMO
BE 0862.558.048
Lochristi · Eq €30k
HAUTE FASHION CONSULTANCY
BE 0865.151.314
Kalmthout · Eq €31k
AMITEXCON
BE 0874.652.067
Gent · Eq €29k
Of 1,274 companies in sector 46160 we hold annual accounts for 685. 488 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded13-03-2015
Fiscal year end30-06
Activities, NACEBEL
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
46423Wholesale of clothing, excluding workwear and underwear
46424Wholesale trade
46425Wholesale trade
46441Wholesale trade
46480Wholesale trade
47553Retail trade
47559Retail sale of other household articles
47593Retail trade
47599Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47721Retail sale of footwear
47770Retail sale of watches and jewellery
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.