GL DECO

Active

Private limited companyfounded 20224 yrs activeLes Cerisiers 118, 4800 Verviers, BelgiumKBO/BCE: BE 0779.997.388

Summary

The computed 12-month bankruptcy probability of GL DECO is 3.9% (moderate). The 2025 annual accounts show negative equity (€-6k) and a net result of €-15k. Equity is shrinking by ~74% per year across the filed fiscal years. Its solvency ranks better than 8% of 27786 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

26 / 100

Weak

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability25▼-7

Solvency18▼-15

Growth32=

Track record94

Bankruptcy probability, 12 months

3.9% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.47 against 0.64 in 2024; short-term debt: 63.3% and cash: 7% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

+raises risk○neutral

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

Sector 43

higher

← fewer bankruptcies more bankruptcies →

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 2025

Solvency, return and age of the figures

Solvency

-7%

Return on assets

-18%

Age of the figures

9 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

22232425

2022 to 2025 · latest year €-6k

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

25 d early

2024

29 d late

2023

30 d early

2022

30 d late

← before the deadline after the deadline →

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

24-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, micro schema

Equity

€-6k

2024 · €9k

2022: €23k 2023: €24k 2024: €9k

2022 → 2025

Total assets

€85k▼ 23.5%

2024 · €111k

2022: €88k 2023: €112k 2024: €111k

2022 → 2025

Net result

€-15k▼ 7.4%

2024 · €-14k

2022: €13k 2023: €796 2024: €-14k

2022 → 2025

Working capital

€-28k▼ 51.0%

2024 · €-19k

2022: €-11k 2023: €-12k 2024: €-19k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€23k-€24k▲ 3.5%€9k▼ 60.3%€-6k

Operating result€17k-€2k▼ 86.8%€-10k€-13k▼ 24.5%

Net result€13k-€796▼ 93.7%€-14k€-15k▼ 7.4%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €13k in 2025 against €10k in 2024; the loss grows and 2025 has the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €85k

70.0%

30.0%

Fixed assets €60k ▼ 23.5%

Current assets €26k ▼ 23.3%

Key figures and ratios

2025 value · change against 2024

EBITDA

€9k▼

2024 · €14k

Cash flow

€6k▼

2024 · €10k

Solvency

-7.0%▼

2024 · 8.5%

Current ratio

0.47▼

2024 · 0.64

Quick ratio

0.39▼

2024 · 0.60

Debt to equity

-15.34▼

2024 · 10.82

ROA

-18.0%▼

2024 · -12.8%

Interest coverage

3.02▼

2024 · 3.57

Debt

€91k▼

2024 · €102k

Debt ≤ 1 year

€54k▲

2024 · €52k

Debt > 1 year

€37k▼

2024 · €50k

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 · 2025 against 2024 · 49 lines

Balance sheet Code20242025

Assets

Total assets20/58€111k€85k▼

Fixed assets21/28€78k€60k▼

Tangible fixed assets22/27€78k€60k▼

Plant, machinery and equipment23€13k€9k▼

Furniture and vehicles24€66k€50k▼

Leasing and similar rights25€0-

Current assets29/58€33k€26k▼

Stocks and contracts in progress3€2k€5k▲

Stocks30/36€2k€5k▲

Amounts receivable within one year40/41€8k€14k▲

Trade receivables40€4k€11k▲

Other amounts receivable41€4k€3k▼

Cash at bank and in hand54/58€23k€6k▼

Deferred charges and accrued income490/1€626€629▲

Equity and liabilities

Total equity and liabilities10/49€111k€85k▼

Equity10/15€9k€-6k▼

Contributions10/11€12k€12k=

Reserves13€12k€12k=

Distributable reserves133€12k€12k=

Profit (loss) carried forward14€-14k€-30k▼

Amounts payable17/49€102k€91k▼

Amounts payable after more than one year17€50k€37k▼

Financial debts170/4€50k€37k▼

Amounts payable within one year42/48€52k€54k▲

Current portion of amounts payable after more than one year42€14k€13k▼

Trade debts44€9k€11k▲

Suppliers440/4€9k€11k▲

Advances received on contracts in progress46-€1k

Taxes, remuneration and social security45€2k€2k▼

Taxes450/3€2k€2k▼

Other amounts payable47/48€28k€28k▼

Accrued charges and deferred income492/3€200€502▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€22k▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€4k€0▼

Other operating charges640/8€760€2k▲

Gross operating margin9900€19k€11k▼

Operating profit (loss)9901€-10k€-13k▼

Financial income75/76B€0€290▲

Recurring financial income75€0€290▲

Financial charges65/66B€4k€3k▼

Recurring financial charges65€4k€3k▼

Profit (loss) for the period before taxes9903€-14k€-15k▼

Income taxes67/77€0-

Profit (loss) for the period9904€-14k€-15k▼

Profit (loss) for the period to be appropriated9905€-14k€-15k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-14k€-30k▼

Profit (loss) brought forward from the previous period14P-€-14k

Transfer to equity691/2€0-

To other reserves6921€0-

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 5Financial 1Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

06-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Weakest financial yearnet €-15k

Net result drops to €-15k, the lowest in the series.

29-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 29 days late

2024

01-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

30-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 30 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Verviers · 1 establishment unit since 2022

establishment The establishment unit on the map

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.

Les Cerisiers 1184800 Verviers

Ground area

614 m²

Building footprint

90 m²

Volume, LiDAR

539 m³

Parcel 63059A0155/00K000, Wallonia · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

GL DECO

Les Cerisiers 118, 4800 VerviersSpecialised construction activities

since 20222.327.218.456

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
63059A0155/00K000	Wallonia	614 m²	1 · 90 m²	8.5 m · 2 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.

Similar companies · same sector, comparable size

Kasterlee · Eq €9,426

Tendance ECO Couleurs

BE 0717.995.285

Jemeppe-sur-Sambre · Eq €9,419

Grez-Doiceau · Eq €9,468

Of 7,861 companies in sector 43341 we hold annual accounts for 2,663. 1,610 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

Founded12-01-2022

Fiscal year end31-12

Activities, NACEBEL 2025

43341Painting of buildings

43230Insulation installation

46833Wholesale trade

47530Retail trade

74130Interior design

81220Other building cleaning and industrial cleaning

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.

Contact details

2 entries

E-mail:gldecopro@gmail.com

Enterprise

Phone:0498727616

Enterprise