Checked.be
Active
BE 0811.848.230Private limited company
GLOCAL COMMUNICATIONS
Lied Van Sotternieënlaan 4 ·1050 Elsene, Belgium· 17 yrs active
Sector: Organisation of conventions and trade shows
(82300)
Conclusion
GLOCAL COMMUNICATIONS has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €239k and a net result of €-24k. Equity is shrinking by ~18.6% per year across the filed fiscal years. Its solvency ranks better than 88% of 7538 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €239k |
| Net result | €-24k |
| Better than sector | 88% |
| Active | 17 yrs |
Financial profile
59
/ 100
Mixed profile: strong on solvency, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
62
Profitability
0
Solvency
100
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2009, 17 years in business.
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.
Checked score
62
/ 100
Healthy
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€15k
estimate, not credit advice
Score history
86
2022
52
2023
90
2024
62
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 9.14 (≥ 1.5)
+10
Quick ratio
Quick ratio 9.14 (≥ 1.0)
+5
Leverage
Debt/equity 0.13 (< 1.0)
+10
Profitability
Negatieve ROE -10%
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 31-08-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~18.6%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 82, Office administrative, office support and other business support activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 88.8% | 50.9% | |
| Net result | €-24k | €16k | |
| Equity | €239k | €58k | |
| Gross operating margin | €100k | €40k | |
| Total assets | €269k | €140k |
€-21k
-
22-25
€-24k
-
22-25
€-22k
-
22-25
€269k
-9.4%
22-25
€239k
-9.1%
22-25
€240k
-8.8%
22-25
€23k
+63.2%
22-25
€138k
+65.8%
22-25
€30k
-11.5%
22-25
€29k
-13.9%
22-25
9.14
+5.3%
22-25
9.14
+5.3%
22-25
88.8%
+0.3%
22-25
0.13
-2.6%
22-25
-10.1%
-
22-25
-8.9%
-
22-25
-21.87
-
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | - | - | €-21k | €51k |
| Net profit | €-24k | €74k | €-22k | €37k |
| Cash flow | - | - | €-22k | €37k |
| Staff costs | - | - | - | - |
| Income taxes | - | €23k | - | €14k |
| Dividends | - | €138k | €83k | €82k |
| Total assets | €269k | €297k | €336k | €443k |
| Equity | €239k | €263k | €326k | €432k |
| Debt | €30k | €34k | €9k | €12k |
| of which ≤ 1y | €29k | €34k | €9k | €12k |
| of which > 1y | - | - | - | - |
| Working capital | €240k | €263k | €326k | €431k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 9.14 | 8.69 | 36.62 | 38.46 |
| Quick ratio | 9.14 | 8.69 | 36.62 | 38.46 |
| Working capital ratio | 89.1% | 88.5% | 97.3% | 97.3% |
| Solvency | 88.8% | 88.5% | 97.3% | 97.4% |
| Debt / equity | 0.13 | 0.13 | 0.03 | 0.03 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | - | - | -21.87 | 319.60 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -8.9% | 25.0% | -6.7% | 8.3% |
| ROE | -10.1% | 28.2% | -6.8% | 8.5% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (21 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €269k | €297k | €336k | €443k |
| Fixed assets | 21/28 | - | - | - | €335 |
| Tangible fixed assets | 22/27 | - | - | - | €335 |
| Current assets | 29/58 | €269k | €297k | €336k | €443k |
| Amounts receivable within one year | 40/41 | €9k | €6k | €55k | €51k |
| Cash & bank | 54/58 | €260k | €291k | €281k | €392k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €269k | €297k | €336k | €443k |
| Equity | 10/15 | €239k | €263k | €326k | €432k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k |
| Reserves | 13 | €233k | €257k | €320k | €425k |
| Amounts payable | 17/49 | €30k | €34k | €9k | €12k |
| Amounts payable within one year | 42/48 | €29k | €34k | €9k | €12k |
| Trade debts payable within one year | 44 | €1k | €17k | €1k | €2k |
| Income statement | |||||
| Gross operating margin | 9900 | €100k | €95k | €-21k | €52k |
| Operating result | 9901 | €-24k | €94k | €-21k | €51k |
| Financial income | 75 | €213 | €3k | €27 | - |
| Financial charges | 65 | €210 | €160 | €963 | €161 |
| Result before taxes | 9903 | €-24k | €97k | €-22k | €50k |
| Income taxes | 67/77 | - | €23k | - | €14k |
| Net result for the period | 9904 | €-24k | €74k | €-22k | €37k |
| Result to be appropriated | 9905 | €-24k | €74k | €-22k | €37k |
Legal Structure
| NACE primary | Organisation of conventions and trade shows(82300) |
| Legal form | Private limited company(610) |
| Incorporation | 20-05-2009 |
| Status | Active |
| Postal code | 1050 |
Establishment units
Dageraadstraat 12, 1000 Brussel
since 20092.178.312.370
Real-estate footprint
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21444B0116/00N004 | Brussels | 437 m² | 1 · 326 m² | 37.4 m · 11 fl. |
| 21807G0218/00L011 | Brussels | 177 m² | 1 · 96 m² | 18.7 m · 6 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-24k ▼132%
Net result drops to €-24k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Back to profitnet €74k
Net result €74k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Organisation of conventions and trade shows82300Agents in non-specialised wholesale trade46190Other information technology and computer services62900Buying and selling of own real estate68110Business and other management consultancy70200Activities of head offices; management consultancy activities70210Business consulting70220Public relations and communication consultancy73300
Names & trade names
| Legal nameFR | GLOCAL COMMUNICATIONS |
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