GLAVERPANE
ActiveGLAVERPANE has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15.46M and a net result of €-158k. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 88% of 285 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability40▼-16
Solvency100▲+43
Growth47▼-27
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.25M at 30 days acceptable
Liquidity ample (current ratio 3.33 against 1.4 in 2024; short-term debt: 20.8% of total assets), and 20.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
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
79.2%
Return on assets
-0.8%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Sector 23
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-05-2026, 74 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
74 d early
2024
51 d early
2023
51 d early
2022
75 d early
2021
79 d early
2020
71 d early
2019
74 d early
← before the deadline
after the deadline →
neutral · 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 monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€55.83M▼ 28.6%
2024 · €78.23M
2020: €52.98M
2021: €71.24M
2022: €116.79M
2023: €87.07M
2024: €78.23M
2020 → 2025
EBIT margin
-0.4%▼ 1.4pp
2024 · 1.0%
2020: 0.8%
2021: 0.6%
2022: 0.3%
2023: -0.2%
2024: 1.0%
2020 → 2025
Net result
€-158k
2024 · €735k
2020: €281k
2021: €326k
2022: €248k
2023: €99k
2024: €735k
2020 → 2025
Working capital
€9.49M▼ 20.8%
2024 · €11.99M
2020: €10.33M
2021: €7.48M
2022: €10.83M
2023: €7.70M
2024: €11.99M
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€71.24M-€116.79M▲ 63.9%€87.07M▼ 25.4%€78.23M▼ 10.1%€55.83M▼ 28.6%
Equity€14.53M-€14.78M▲ 1.7%€14.88M▲ 0.7%€15.62M▲ 4.9%€15.46M▼ 1.0%
Operating result€408k-€358k▼ 12.4%€-168k€756k€-215k
Net result€326k-€248k▼ 24.1%€99k▼ 60.0%€735k▲ 643%€-158k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €215k after €756k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19.53M
Fixed assets
€5.97M▼ 9.9%
Current assets
€13.56M▼ 67.6%
Equity and liabilities €19.53M
Equity
€15.46M▼ 1.0%
Debt
€4.07M▼ 87.6%
The debt ratio falls from 67.8% to 20.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€456k▼
2024 · €1.45M
Cash flow
€514k▼
2024 · €1.43M
Solvency
79.2%▲
2024 · 32.2%
Current ratio
3.33▲
2024 · 1.40
Quick ratio
3.33▲
2024 · 1.40
Debt / equity
0.26▼
2024 · 2.10
ROE
-1.0%▼
2024 · 4.7%
ROA
-0.8%▼
2024 · 1.5%
Interest coverage
3.70▼
2024 · 14.30
Debt
€4.07M▼
2024 · €32.85M
Debt ≤ 1 year
€4.07M▼
2024 · €29.85M
Income taxes
€-2k▼
2024 · €265k
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€48.47M€19.53M▼
Fixed assets21/28€6.63M€5.97M▼
Tangible fixed assets22/27€6.63M€5.97M▼
Land and buildings22€1.14M€1.02M▼
Plant, machinery and equipment23€5.33M€4.81M▼
Furniture and vehicles24€159k€138k▼
Current assets29/58€41.84M€13.56M▼
Amounts receivable within one year40/41€41.84M€13.56M▼
Trade receivables40€29.64M€398k▼
Other amounts receivable41€12.20M€13.16M▲
Equity and liabilities
Total equity and liabilities10/49€48.47M€19.53M▼
Equity10/15€15.62M€15.46M▼
Contributions10/11€4.96M€4.96M=
Capital10€4.96M€4.96M=
Issued capital100€4.96M€4.96M=
Reserves13€701k€701k=
Non-distributable reserves130/1€701k€701k=
Legal reserve130€701k€701k=
Profit (loss) carried forward14€9.96M€9.80M▼
Amounts payable17/49€32.85M€4.07M▼
Amounts payable after more than one year17€3.00M-
Financial debts170/4€3.00M-
Other loans174€3.00M-
Amounts payable within one year42/48€29.85M€4.07M▼
Financial debts43-€3.00M
Other loans439-€3.00M
Trade debts44€29.74M€972k▼
Suppliers440/4€29.74M€972k▼
Taxes, remuneration and social security45€110k€94k▼
Taxes450/3€110k€94k▼
Accrued charges and deferred income492/3€3k€5k▲
Income statement
Code20242025
Operating income70/76A€78.23M€55.83M▼
Turnover70€78.23M€55.83M▼
Operating charges60/66A€77.48M€56.04M▼
Goods for resale, raw materials and consumables60€67.25M€49.04M▼
Purchases600/8€67.25M€49.04M▼
Services and other goods61€8.98M€5.93M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€697k€671k▼
Other operating charges640/8€551k€399k▼
Operating profit (loss)9901€756k€-215k▼
Financial income75/76B€346k€179k▼
Recurring financial income75€346k€179k▼
Income from current assets751€346k€179k▼
Financial charges65/66B€102k€124k▲
Recurring financial charges65€102k€124k▲
Debt charges650€102k€123k▲
Other financial charges652/9€372€426▲
Profit (loss) for the period before taxes9903€1.00M€-160k▼
Income taxes67/77€265k€-2k▼
Taxes670/3€265k-
Tax adjustments and reversals of tax provisions77-€2k
Profit (loss) for the period9904€735k€-158k▼
Profit (loss) for the period to be appropriated9905€735k€-158k▼
Appropriation of the result
Profit (loss) to be appropriated9906€9.96M€9.80M▼
Profit (loss) brought forward from the previous period14P€9.22M€9.96M▲
The notes to these accounts (23 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
11-08
State Gazette act
Resignations & appointmentsBoard meeting · General meeting · Director appointment10 facts ▸
State Gazette act
Resignations & appointments
Board meeting · General meeting · Director appointment10 facts ▸
- Board meeting, 13/04/2026
- General meeting, 24/04/2026
- Director appointment, Davide Cappellino (délégué à la gestion journalière)
- Director reappointment, Daniel D'Hont (administrateur)
- Director resignation, Yves Lecoq (administrateur)
- Director discharge, Yves Lecoq (administrateur)
- Director appointment, Harold Cruysmans (administrateur)
- Director appointment, Daniel D'Hont (président du conseil d'administration)
- Director appointment, Eric Van Craeymeersch (administrateur délégué)
- Mandate compensation, Glaverpane
18-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-158k ▼121%
Net result drops to €-158k, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 3.33
Current ratio from 1.40 to 3.33; short-term debt falls from €29.85M to €4.07M.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2020net €735k ▲643%
Operating result €756k, net result €735k, both a record.
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
17-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
13-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
21-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
18-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
17-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
16-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2026
This board is reconstructed from a single act (26102898). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Daniel D'HONT
CurrentDirector · since 24-04-2026
Eric Van Craeymeersch
CurrentManaging director · since 24-04-2026
Harold Cruysmans
CurrentDirector · since 24-04-2026
Davide Cappellino
CurrentDaily management delegate · since 13-04-2026
24-04-2026
Daniel D'HONT: Mandate renewed as Director
24-04-2026
Daniel D'HONT: Appointed as Président du conseil d'administration
24-04-2026
Eric Van Craeymeersch: Appointed as Managing director
24-04-2026
Harold Cruysmans: Appointed as Director
24-04-2026
Yves Lecoq: Resigned as Director
13-04-2026
Davide Cappellino: Appointed as Daily management delegate
30-09-2023
Ricardo de Montserrat Marsal: Resigned as Director
30-04-2022
BASTIEN Philippe: Resigned as Director
30-04-2022
Patrick Van Bortel: Resigned as Director
29-04-2022
Bernard Klein: Resigned as Director
28-05-2019
Miguel Guillermo Seidenfaden: Resigned as Director
25-04-2014
Christian Dauby: Resigned as Director
01-04-2013
Michael Schuhmann: Resigned as Director
Location & real-estate footprint
Registered office, Jemeppe-sur-Sambre · 1 establishment unit since 1989
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.
Rue de la Glacerie,Moustier 1675190 Jemeppe-sur-SambreGround area
40.2 ha
Building footprint
18.2 ha
Volume, LiDAR
2,309,111 m³
Parcel 92091B0124/00T003, Wallonia · tallest building 97.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Rue de la Glacerie,Moustier 167, 5190 Jemeppe-sur-Sambre
since 19892.121.497.292
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92091B0124/00T003 | Wallonia | 40.2 ha | 1 · 18.2 ha | 97.2 m · 4 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.
Structure & network
Connections & network
3 connected companiesLinked via shared directors
Similar companies · same sector, comparable size
AGC Energypane
BE 0422.486.468
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A.S.E.-Brecht
BE 0414.444.970
Brecht · Eq €3.76M
SAFETYGLASS
BE 0465.310.285
Fleurus · Eq €3.26M
SAINT-GOBAIN INNOVATIVE MATERIALS BELGIUM
BE 0402.733.607
Wavre · Eq €97.25M
SEMFIX DIMITRY SEMEELEN
BE 0449.179.977
Fernelmont · Eq €2.40M
Of 66 companies in sector 23110 we hold annual accounts for 38. 10 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded21-06-1989
Fiscal year end31-12
Activities, NACEBEL
23110Manufacture of other non-metallic mineral products
23150Manufacture of other non-metallic mineral products
23190Manufacture of other non-metallic mineral products
46180Agents specialised in the wholesale of other particular products
51180
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.