Glad Diffusion
ActiveSummary
Glad Diffusion has been active since 1971 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €51k and a net result of €25k. Equity is growing by ~28.1% per year across the filed fiscal years. Its solvency ranks better than 20% of 5989 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability79▼-4
Solvency42▼-58
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity tight (current ratio 1.03; short-term debt: 83.5% and cash: 1% of total assets), and 83.5% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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
16.5%
Return on assets
8.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 5989 sector peers (2024).
NBB · sector comparisonPosition among 5989 sector peers
Solvency
better than 20%
← weakest
strongest →
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 15-07-2025, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
16 d early
2023
37 d early
2022
32 d early
2021
38 d early
2020
15 d early
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€25k▼ 19.5%
2023 · €31k
Working capital
€9k▼ 96.3%
2023 · €233k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€35k▲ 6.0%€98k▲ 177%€37k▼ 62.2%€33k▼ 11.1%€36k▲ 9.2%
Net result€27k▲ 13.4%€85k▲ 213%€30k▼ 64.8%€31k▲ 4.3%€25k▼ 19.5%
Equity€130k▲ 26.6%€215k▲ 65.7%€245k▲ 14.0%€276k▲ 12.8%€51k▼ 81.4%
Total assets€244k▲ 13.2%€242k▼ 0.8%€250k▲ 3.1%€278k▲ 11.1%€310k▲ 11.5%
Debt€27k▲ 2,539%€28k▲ 1.5%€5k▼ 81.4%€2k▼ 68.8%€258k▲ 16,002%
Working capital€174k▲ 0.2%€171k▼ 1.2%€202k▲ 17.6%€233k▲ 15.6%€9k▼ 96.3%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 9% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €310k
Fixed assets
€43k ▼ 0.5%
Current assets
€267k ▲ 13.7%
Equity and liabilities €310k
Equity
€51k ▼ 81.4%
Debt
€258k ▲ 16,002%
Debt's share of the balance-sheet total rises from 0.6% to 83.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€36k▲
2023 · €33k
Cash flow
€25k▼
2023 · €31k
Current ratio
1.03
Debt to equity
5.04▲
2023 · 0.01
ROE
49.2%▲
2023 · 11.3%
ROA
8.1%▼
2023 · 11.3%
Interest coverage
7.36▼
2023 · 1377.67
Debt ≤ 1 year
€258k▲
2023 · €2k
Income taxes
€8k▼
2023 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10 | €197 | €197 | €197 | €197 | = |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €-88k | €0 | - | - | - |
| Other operating charges640/8 | - | €7k | €7k | €8k | €9k | ▲ 4.6% |
| Gross operating margin9900 | €18k | €17k | €44k | €41k | €45k | ▲ 8.3% |
| Operating profit (loss)9901 | €35k | €98k | €37k | €33k | €36k | ▲ 9.2% |
| Financial income75/76B | - | €943 | €3k | €9k | €3k | ▼ 70.7% |
| Recurring financial income75 | €940 | €943 | €3k | €9k | €3k | ▼ 70.7% |
| Financial charges65/66B | - | €25 | €24 | €24 | €5k | ▲ 20,327% |
| Recurring financial charges65 | €21 | €25 | €24 | €24 | €5k | ▲ 20,327% |
| Profit (loss) for the period before taxes9903 | €36k | €99k | €40k | €42k | €34k | ▼ 19.5% |
| Income taxes67/77 | €9k | €14k | €10k | €10k | €8k | ▼ 19.5% |
| Profit (loss) for the period9904 | €27k | €85k | €30k | €31k | €25k | ▼ 19.5% |
| Profit (loss) for the period to be appropriated9905 | €27k | €85k | €30k | €31k | €25k | ▼ 19.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €244k | €242k | €250k | €278k | €310k | ▲ 11.5% |
| Fixed assets21/28 | €43k | €43k | €43k | €43k | €43k | ▼ 0.5% |
| Tangible fixed assets22/27 | €42k | €42k | €41k | €41k | €41k | ▼ 0.5% |
| Land and buildings22 | - | €40k | €40k | €40k | €40k | = |
| Other tangible fixed assets26 | - | €2k | €2k | €1k | €1k | ▼ 14.4% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €201k | €199k | €207k | €235k | €267k | ▲ 13.7% |
| Amounts receivable within one year40/41 | €199k | €199k | €206k | €233k | €262k | ▲ 12.7% |
| Other amounts receivable41 | - | €199k | €206k | €233k | €262k | ▲ 12.7% |
| Cash at bank and in hand54/58 | €2k | €383 | €624 | €513 | €3k | ▲ 498% |
| Deferred charges and accrued income490/1 | - | - | - | €2k | €2k | ▲ 3.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €244k | €242k | €250k | €278k | €310k | ▲ 11.5% |
| Equity10/15 | €130k | €215k | €245k | €276k | €51k | ▼ 81.4% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €3k | €3k | €3k | €3k | €3k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Distributable reserves133 | - | €1k | €1k | €3k | €3k | = |
| Profit (loss) carried forward14 | €108k | €193k | €223k | €254k | €30k | ▼ 88.3% |
| Provisions and deferred taxes16 | €88k | €0 | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | €0 | - | - | - | - |
| Major repairs and maintenance162 | - | €0 | - | - | - | - |
| Amounts payable17/49 | €27k | €28k | €5k | €2k | €258k | ▲ 16,002% |
| Amounts payable within one year42/48 | €27k | €28k | €5k | €2k | €258k | ▲ 16,002% |
| Trade debts44 | €26k | €23k | €503 | €145 | €0 | ▼ 100% |
| Suppliers440/4 | - | €23k | €503 | €145 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €4k | €4k | €430 | €0 | ▼ 100% |
| Taxes450/3 | - | €4k | €4k | €430 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €1k | €1k | €1k | €258k | ▲ 25,000% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27k | €85k | €30k | €31k | €25k | ▼ 19.5% |
| + Depreciation and write-downs630 | €10 | €197 | €197 | €197 | €197 | = |
| Operating cash flow (approximation) | €27k | €85k | €30k | €31k | €25k | ▼ 19.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-1k | €241 | €-111 | €3k | ▲ 2,405% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 146.27
Current ratio from 40.26 to 146.27; short-term debt falls from €5k to €2k.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity times 6current ratio 40.26
Current ratio from 7.20 to 40.26; short-term debt falls from €28k to €5k.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €85k ▲213%
Operating result €98k, net result €85k, both a record.
31-12
Financial
Equity above €200kEq €215k ▲65.7%
4 profitable years in a row build equity to €215k.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 28 days late
2019
31-12
Financial
Liquidity times 5current ratio 168.92
Current ratio from 36.62 to 168.92; short-term debt falls from €4k to €1k.
31-12
Financial
Equity above €100kEq €102k ▲30.7%
2 profitable years in a row build equity to €102k.
Show earlier events
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
24-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has 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
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, Anderlecht · 1 establishment unit since 1971
Ground area
626 m²
Building footprint
525 m²
Volume, LiDAR
8,220 m³
Parcel 21305B0204/00H032, Brussels · tallest building 30.9 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Lambert Crickxstraat 9, 1070 Anderlecht
since 19712.005.841.521
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21305B0204/00H032indicative | Brussels | 626 m² | 1 · 525 m² | 30.9 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
0 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
SM NEGOCE INTERNATIONAL
BE 0836.185.134
Antwerpen · Eq €51,289
LES FOLIES D'IGOR
BE 0754.732.947
Wavre · Eq €51,351
ATELIER TENS
BE 0712.530.821
Brussel · Eq €51,884
DINO
BE 0840.235.873
Mechelen · Eq €52,192
SIGI Associés
BE 0700.851.823
Liège · Eq €52,681
Of 1,306 companies in sector 46423 we hold annual accounts for 809. 521 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded22-03-1971
Fiscal year end31-12
Activities, NACEBEL 2025
46423Wholesale of clothing, excluding workwear and underwear
Scores and ratios are computed by Checked and are not a credit decision.