Glenn Dewulf
ActiveGlenn Dewulf has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €83k and a net result of €103k. Its solvency ranks better than 51% of 27407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes
Profitability100
Solvency86
Growth-
Stability67
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days only on tighter terms
Liquidity ample (current ratio 1.69), but 52.1% 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.
−lowers risk+raises risk○neutral
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 · Young company
A young company has little track record yet and statistically fails more often than an established 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
47.9%
Return on assets
59.4%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filingDeviation from the deadline
2025
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2025, micro schema
Equity
€83k
Total assets
€174k
Net result
€103k
Working capital
€59k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €174k
Fixed assets
€29k
Current assets
€145k
Equity and liabilities €174k
Equity
€83k
Debt
€91k
Debt finances 52.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€135k
Cash flow
€106k
Solvency
47.9%
Current ratio
1.69
Quick ratio
1.69
Debt / equity
1.09
ROE
124.0%
ROA
59.4%
Interest coverage
44.16
Debt
€91k
Debt ≤ 1 year
€86k
Debt > 1 year
€5k
Income taxes
€26k
Filed annual accounts
As filed with the NBB · 2025
Balance sheet
Code2025
Assets
Total assets20/58€174k
Fixed assets21/28€29k
Tangible fixed assets22/27€29k
Land and buildings22€1k
Plant, machinery and equipment23€28k
Current assets29/58€145k
Amounts receivable within one year40/41€113k
Trade receivables40€97k
Other amounts receivable41€16k
Cash at bank and in hand54/58€29k
Deferred charges and accrued income490/1€3k
Equity and liabilities
Total equity and liabilities10/49€174k
Equity10/15€83k
Contributions10/11€5k
Reserves13€75k
Distributable reserves133€75k
Profit (loss) carried forward14€3k
Amounts payable17/49€91k
Amounts payable after more than one year17€5k
Financial debts170/4€5k
Amounts payable within one year42/48€86k
Current portion of amounts payable after more than one year42€6k
Financial debts43€3k
Credit institutions430/8€3k
Trade debts44€31k
Suppliers440/4€31k
Taxes, remuneration and social security45€18k
Taxes450/3€18k
Other amounts payable47/48€29k
Income statement
Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k
Other operating charges640/8€2k
Gross operating margin9900€136k
Operating profit (loss)9901€132k
Financial income75/76B€11
Recurring financial income75€11
Financial charges65/66B€3k
Recurring financial charges65€3k
Profit (loss) for the period before taxes9903€129k
Income taxes67/77€26k
Profit (loss) for the period9904€103k
Profit (loss) for the period to be appropriated9905€103k
Appropriation of the result
Profit (loss) to be appropriated9906€103k
Transfer to equity691/2€75k
To other reserves6921€75k
Profit to be distributed694/7€25k
Directors or managers695€25k
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
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
NBB filing
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, Torhout · 1 establishment unit since 2024
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.
Zeeweg 168820 TorhoutGround area
1,091 m²
Building footprint
137 m²
Volume, LiDAR
704 m³
Parcel 31033A0092/00G000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Glenn Dewulf
since 20242.369.193.920
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31033A0092/00G000 | Flanders | 1,090 m² | 1 · 137 m² | 7.7 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
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SOLUÇÃO
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Of 22,729 companies in sector 43211 we hold annual accounts for 10,274. 8,765 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-12-2024
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
25110Manufacture of metal structures and parts of structures
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.