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Glentzes Tech

Active
Private limited company· 2 yrs active
Kersbeeklaan 308 ·1180 Ukkel, Belgium
KBO/BCE: BE 0805.631.322
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Age2 yrs
Real estate1 parcel · 342 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of Glentzes Tech is 12.4% (high). The 2024 annual accounts show negative equity (€-145) and a net result of €-3k. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
12.4% High
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile +Young company +No NACE activity registered +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence
Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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.
How we compute the deadline
There is a single filed set of accounts, closing on 31-12. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2024 31-07-2025 28-08-2025 28 d late 2025-00418316

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Young company
Founded in 2023, under 3 years, statistically higher risk.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-3k
Working capital€-145

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 28-08-2025 with the NBB · fiscal year 2024 · micro
Fiscal year2024
Depositmicro
Revenue-
EBITDA€-845
Net profit€-3k
Cash flow€-845
Staff costs-
Income taxes-
Dividends-
Total assets€370
Equity€-145
Debt€515
of which ≤ 1y€515
of which > 1y-
Working capital€-145
Employees (FTE)-
Ratios (computed)
2024
Current ratio0.72
Quick ratio0.72
Working capital ratio-39.2%
Solvency-39.2%
Debt / equity-3.55
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA-850.0%
ROE2167.1%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€370
Current assets 29/58€370
Amounts receivable within one year 40/41€370
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€370
Equity 10/15€-145
Contributions / capital 10/11€3k
Accumulated profits (losses) 14€-3k
Amounts payable 17/49€515
Amounts payable within one year 42/48€515
Trade debts payable within one year 44€515
Income statement
Gross operating margin 9900€-845
Operating result 9901€-3k
Result before taxes 9903€-3k
Net result for the period 9904€-3k
Result to be appropriated 9905€-3k
Ratios computed by Checked.

Health barometer

FY 2024 · computed
25 / 100 Weak
050100
Computed from 3 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Locations & real estate

Parcels1
Ground area342 m²
Buildings1
Building footprint99 m²
Volume (LiDAR)743 m³
Tallest building13.8 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21616G0030/00T016 Brussels 342 m² 1 · 99 m² 13.8 m · 3 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

2 acts
Address history · 2
11-12-2024
Registered-office move
21-11-2023
Registered-office move
All acts · 2 updated 1 year ago
2024
11-12-2024 Registered office moved from Bruxelles to Uccle Registered-office change
  • Rue Faider 7 - 1060 Bruxelles → 1180 Uccle, avenue Kersbeek n° 308
2023
21-11-2023 Registered office moved from Ixelles to Saint-Gilles Registered-office change
  • Rue de Tenbosch 85 bte 49 - 1050 Ixelles → 1060 Saint-Gilles, rue Faider n° 7

Analysis

Snowflake analysis

financial profile on 5 axes
Health25Profitability100Solvency38Growth-Stability67
58 / 100

Mixed profile: strong on profitability, weaker on health.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 25
Profitability 100
Solvency 38
Growth -
Stability 67

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AI due-diligence brief

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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Credit advice

verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Company registry

Company registry (CBE)

Crossroads Bank
Names & trade names
Legal nameFR Glentzes Tech
Registered office
Kersbeeklaan 308
1180 Ukkel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.