Financials
Financial year 2025
GLASCENTRA-BAVIKHOVE from Harelbeke, company number BE0423154580, closed financial year 2025 with a result of € -166,317 after tax. For that financial year GLASCENTRA-BAVIKHOVE recorded a gross margin of € 1.3 million and equity of € 2.2 million. Compared with financial year 2024, the result moved from € 20,160 to € -166,317. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 14, 2026.
€ 2.2 million
▼ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -166,317
▼ still € 20,160 profit in 2024
Profit after tax over the fiscal year.
€ 428,250
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2 million.
People and assets in 2025
22.3
▼ 6.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▼ 12% vs 2024
€ 53,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 109,591
▼ 29% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1 million
▼ 8% vs 2024
€ 152,022 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 331,460
▲ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 115,519
▼ 24% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,779,607 | € 1,805,447 | € 1,648,660 | € 1,342,007 | ▼ 19% |
| Profit after taxes | € 61,575 | € 125,081 | € 20,160 | € -166,317 | ▼ € 186,477 |
| Equity | € 2,196,736 | € 2,321,816 | € 2,341,976 | € 2,175,659 | ▼ 7% |
| Total debts | € 1,994,544 | € 1,776,244 | € 1,611,749 | € 1,497,151 | ▼ 7% |
| Cash | € 405,313 | € 406,287 | € 429,876 | € 428,250 | |
| Land & buildings | € 1,977,759 | € 2,068,913 | € 2,059,901 | € 2,009,326 | ▼ 2% |
| Retained profit | € 2,050,250 | € 2,175,331 | € 2,195,490 | € 2,029,173 | ▼ 8% |
| Dividend | € 85,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 1,129,269 | € 1,297,693 | € 1,137,626 | € 1,041,100 | ▼ 8% |
| Balance sheet total | € 4,191,279 | € 4,098,060 | € 3,953,725 | € 3,672,810 | ▼ 7% |
| Employees (FTE) | 28.5 | 28.5 | 28.5 | 22.3 | ▼ 6.2 |
Key figures of GLASCENTRA-BAVIKHOVE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to GLASCENTRA-BAVIKHOVE?
What happened at GLASCENTRA-BAVIKHOVE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 166,317 (▼ € 186,477 vs 2024). filed late Source: NBB ↗
- Vadim Van Kerckhove became a director. NBB
- Tatjana Van Kerckhove became a director. NBB
- New establishment in Kuurne. KBO
- New establishment in Harelbeke. KBO
- New establishment in Harelbeke. KBO
- Start of the company according to the CBE. KBO
In short
From € 61,575 profit in 2022 to € 166,317 loss in 2025.
Paid € 44,057 in corporate taxes since 2022.
Best year ever: 2023, with € 125,081 profit.
On average € 60,200 of value added per employee in 2025.
Management
Behind GLASCENTRA-BAVIKHOVE are Vadim Van Kerckhove and Tatjana Van Kerckhove.
Directors
According to the 2025 annual accounts
Vadim Van Kerckhove
Director
since 2023
Tatjana Van Kerckhove
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Haringstraat 18
8531 Harelbeke
Hendrik Consciencestraat 32
8530 Harelbeke
Active since 1 January 2017
Brugsesteenweg 287
8520 Kuurne
Active since 11 February 2023
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0423.154.580
- VAT number
- BE 0423.154.580
- Registered office
- Haringstraat 18, 8531 Harelbeke
- Names & denominations
- GLASCENTRA-BAVIKHOVE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 September 1982
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Glaszetten
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen