G.L.
ActiveSummary
G.L. has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €10k and a net result of €4k. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 50% of 15865 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability76▲+72
Solvency65▼-29
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 1.67 against 3.19 in 2023; short-term debt: 59.9% and cash: 48% of total assets), but 59.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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
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 →
raises risk · 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 2024Solvency, return and age of the figures
Solvency
40.1%
Return on assets
15.3%
Age of the figures
21 mo
raises risk · 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 31-12-2025, 153 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
153 d late
2023
72 d late
2022
31 d late
2021
31 d late
2020
15 d early
2019
92 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€10k▼ 77.2%
2023 · €42k
2018: €37k
2019: €30k
2020: €33k
2021: €44k
2022: €49k
2023: €42k
2018 → 2024
Total assets
€24k▼ 60.9%
2023 · €61k
2018: €87k
2019: €83k
2020: €85k
2021: €95k
2022: €82k
2023: €61k
2018 → 2024
Net result
€4k
2023 · €-7k
2018: €13k
2019: €-7k
2020: €4k
2021: €10k
2022: €5k
2023: €-7k
2018 → 2024
Working capital
€10k▼ 77.2%
2023 · €42k
2018: €37k
2019: €30k
2020: €32k
2021: €41k
2022: €48k
2023: €42k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€33k-€44k▲ 31.3%€49k▲ 12.4%€42k▼ 14.8%€10k▼ 77.2%
Operating result€4k-€10k▲ 184%€5k▼ 47.4%€-7k€4k
Net result€4k-€10k▲ 186%€5k▼ 47.8%€-7k€4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €4k after a loss of €7k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €24k
Equity
€10k ▼ 77.2%
Debt
€14k ▼ 25.3%
Debt's share of the balance-sheet total rises from 31.3% to 59.9%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.67▼
2023 · 3.19
Debt to equity
1.49▲
2023 · 0.46
ROE
38.2%▲
2023 · -17.3%
ROA
15.3%▲
2023 · -11.9%
Debt ≤ 1 year
€14k▼
2023 · €19k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines
Balance sheet
Code20232024
Assets
Total assets20/58€61k€24k▼
Fixed assets21/28-€0
Tangible fixed assets22/27-€0
Land and buildings22-€0
Plant, machinery and equipment23-€0
Furniture and vehicles24-€0
Current assets29/58€61k€24k▼
Amounts receivable within one year40/41€52k€12k▼
Trade receivables40€48k€7k▼
Other amounts receivable41€5k€5k▲
Cash at bank and in hand54/58€9k€12k▲
Equity and liabilities
Total equity and liabilities10/49€61k€24k▼
Equity10/15€42k€10k▼
Contributions10/11€19k€19k=
Reserves13€23k-
Non-distributable reserves130/1€5k-
Reserves not available under the articles1311€5k-
Distributable reserves133€18k-
Profit (loss) carried forward14€840€-9k▼
Amounts payable17/49€19k€14k▼
Amounts payable within one year42/48€19k€14k▼
Trade debts44€4k€1k▼
Suppliers440/4€4k€1k▼
Taxes, remuneration and social security45-€141
Taxes450/3-€141
Other amounts payable47/48€15k€13k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k-
Gross operating margin9900€-6k€4k▲
Operating profit (loss)9901€-7k€4k▲
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€42€44▲
Recurring financial charges65€42€44▲
Profit (loss) for the period before taxes9903€-7k€4k▲
Profit (loss) for the period9904€-7k€4k▲
Profit (loss) for the period to be appropriated9905€-7k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€-9k▼
Profit (loss) brought forward from the previous period14P€139€-13k▼
Transfer from equity791/2€8k-
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 153 days late
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 72 days late
2023
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Huldenberg · 1 establishment unit since 1987
Ground area
661 m²
Building footprint
261 m²
Volume, LiDAR
1,111 m³
Parcel 24099C0425/00F000, Flanders · tallest building 8.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
G.L.
since 19872.029.911.674
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24099C0425/00F000 | Flanders | 661 m² | 1 · 261 m² | 8.4 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
Food safety, FASFC
1 siteHuldenberg2.029.911.674
Similar companies · same sector, comparable size
BOGAERT SALAISONS
BE 0463.639.907
Durbuy · Eq €9,699
TYDGAT STIJN
BE 0728.592.140
Zulte · Eq €10,000
MUES GEORGES EN CO
BE 0450.369.515
Tienen · Eq €10,312
ROBBERECHTS
BE 0475.888.829
Anderlecht · Eq €8,937
Monsieur Boudin
BE 0771.448.522
Destelbergen · Eq €8,712
Of 756 companies in sector 46321 we hold annual accounts for 551. 111 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-06-1987
Fiscal year end31-12
Activities, NACEBEL 2025
46321Wholesale of meat and meat products, excluding game and poultry
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:016/47.22.35