GL Technieken
ActiveThe computed 12-month bankruptcy probability of GL Technieken is 2.3% (moderate). The 2024 annual accounts show equity of €107k and a net result of €30k. Equity is growing by ~38% per year across the filed fiscal years. Its solvency ranks better than 33% of 36376 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability80▼-9
Solvency56▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 1.58 against 1.48 in 2023; short-term debt: 32.6% and cash: 17.8% of total assets), but 68.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Sector 43
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
31.2%
Return on assets
8.9%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
33 d early
2022
45 d early
2021
22 d late
2020
38 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€107k▲ 22.3%
2023 · €87k
2020: €9k
2021: €32k
2022: €65k
2023: €87k
2020 → 2024
Total assets
€341k▼ 3.0%
2023 · €352k
2020: €237k
2021: €272k
2022: €359k
2023: €352k
2020 → 2024
Net result
€30k▼ 47.7%
2023 · €58k
2020: €5k
2021: €25k
2022: €35k
2023: €58k
2020 → 2024
Working capital
€65k▲ 13.8%
2023 · €57k
2020: €-9k
2021: €5k
2022: €44k
2023: €57k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€9k-€32k▲ 263%€65k▲ 104%€87k▲ 34.2%€107k▲ 22.3%
Operating result€8k-€37k▲ 351%€51k▲ 39.4%€77k▲ 51.6%€46k▼ 40.4%
Net result€5k-€25k▲ 360%€35k▲ 41.2%€58k▲ 67.4%€30k▼ 47.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 40% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €341k
Fixed assets
€166k▼ 7.0%
Current assets
€176k▲ 1.0%
Equity and liabilities €341k
Equity
€107k▲ 22.3%
Debt
€235k▼ 11.4%
The debt ratio falls from 75.2% to 68.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€62k▼
2023 · €93k
Cash flow
€46k▼
2023 · €74k
Solvency
31.2%▲
2023 · 24.8%
Current ratio
1.58▲
2023 · 1.48
Quick ratio
1.44▲
2023 · 1.43
Debt / equity
2.20▼
2023 · 3.04
ROE
28.6%▼
2023 · 66.8%
ROA
8.9%▼
2023 · 16.5%
Interest coverage
30.17▼
2023 · 42.21
Debt
€235k▼
2023 · €265k
Debt ≤ 1 year
€111k▼
2023 · €117k
Debt > 1 year
€123k▼
2023 · €142k
Income taxes
€13k▼
2023 · €17k
Staff costs
€101k▲
2023 · €52k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€352k€341k▼
Fixed assets21/28€178k€166k▼
Tangible fixed assets22/27€178k€166k▼
Land and buildings22€145k€139k▼
Plant, machinery and equipment23-€1k
Furniture and vehicles24€33k€26k▼
Financial fixed assets28€100-
Current assets29/58€174k€176k▲
Stocks and contracts in progress3€6k€15k▲
Stocks30/36€6k€15k▲
Amounts receivable within one year40/41€59k€92k▲
Trade receivables40€53k€73k▲
Other amounts receivable41€6k€19k▲
Cash at bank and in hand54/58€108k€61k▼
Deferred charges and accrued income490/1€2k€8k▲
Equity and liabilities
Total equity and liabilities10/49€352k€341k▼
Equity10/15€87k€107k▲
Contributions10/11€5k-
Reserves13€82k€107k▲
Distributable reserves133€82k€107k▲
Amounts payable17/49€265k€235k▼
Amounts payable after more than one year17€142k€123k▼
Financial debts170/4€142k€123k▼
Amounts payable within one year42/48€117k€111k▼
Current portion of amounts payable after more than one year42€18k€18k▲
Trade debts44€51k€64k▲
Suppliers440/4€51k€64k▲
Taxes, remuneration and social security45€18k€24k▲
Taxes450/3€17k€10k▼
Remuneration and social security454/9€1k€14k▲
Other amounts payable47/48€31k€5k▼
Accrued charges and deferred income492/3€6k-
Income statement
Code20232024
Remuneration, social security and pensions62€52k€101k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€15k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€2k
Other operating charges640/8€2k€1k▼
Gross operating margin9900€147k€166k▲
Operating profit (loss)9901€77k€46k▼
Financial income75/76B-€107
Recurring financial income75-€107
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€2k▼
Non-recurring financial charges66B€88€670▲
Profit (loss) for the period before taxes9903€75k€44k▼
Income taxes67/77€17k€13k▼
Profit (loss) for the period9904€58k€30k▼
Profit (loss) for the period to be appropriated9905€58k€30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€58k€30k▼
Transfer to equity691/2€22k€24k▲
To other reserves6921€22k€24k▲
Profit to be distributed694/7€36k€6k▼
Return on contributions (dividend)694€36k€6k▼
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
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €107k ▲22.3%
5 profitable years in a row build equity to €107k.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2020net €58k ▲67.4%
Operating result €77k, net result €58k, both a record.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
07-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 38 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Antwerpen · 1 establishment unit since 2019
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.
Louis Huybrechtsstraat 22150 AntwerpenGround area
476 m²
Building footprint
119 m²
Volume, LiDAR
739 m³
Parcel 11007A0034/00T007, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GL Technieken
since 20192.296.918.230
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11007A0034/00T007 | Flanders | 476 m² | 1 · 119 m² | 11.0 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 6,219 EUR awarded · 6,205 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 1,876 EUR | 1,862 EUR |
| 2024 | 2 | 1,041 EUR | 1,041 EUR |
| 2023 | 2 | 2,207 EUR | 2,207 EUR |
| 2022 | 2 | 1,095 EUR | 1,095 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Premie kwalificerend werkplekleren
Stagebonus (stopgezet)
Recognitions · licences · registrations
Dual-learning approval
14 live approvals · 2 endedElektrische installaties duaal (so)
Elektrotechnisch installateur (vwo)
Installateur elektrotechnische basiscomponenten duaal (so)
Koelinstallaties duaal (so)
Monteur sanitaire en verwarmingsinstallaties duaal (so)
Sanitaire en verwarmingsinstallaties duaal (so)
Show 8 more
Sanitaire en verwarmingsinstallaties duaal (so)
Technicus installatietechnieken (vwo)
Technicus installatietechnieken (vwo)
Technicus installatietechnieken duaal (so)
Technicus installatietechnieken duaal (so)
Technicus koelinstallaties duaal (so)
Vakman installatietechnieken (vwo)
Vakman installatietechnieken (vwo)
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Of 7,042 companies in sector 43221 we hold annual accounts for 3,471. 3,060 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-12-2019
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
43223Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:gl-technieken@gmail.com
E-mail:info@gltechnieken.be