Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 44 % of short-term debt in 2024; threshold 65 %.
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Busy address KBO
23 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
ECONGLAS from Zaventem, company number BE0440332290, closed financial year 2024 with a result of € 42,527 after tax. For that financial year ECONGLAS recorded a gross margin of € 644,598 and equity of € 169,887. Compared with financial year 2023, the result moved from € -128,003 to € 42,527. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 9, 2025.
€ 169,887
▲ 33% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 42,527
▲ still € 128,003 loss in 2023
Profit after tax over the fiscal year.
€ 2,995
▼ 91% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 18,887.
People and assets in 2024
7
▲ 0.5 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 502,378
▲ 11% vs 2023
€ 71,800 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.
€ 70,419
▲ 115% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 308,854
▼ 10% vs 2023
€ 50,990 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 143,998
▼ 32% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 52,002
▲ 2% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 601,899 | € 608,801 | € 418,549 | € 644,598 | ▲ 54% |
| Profit after taxes | € 19,016 | € 16,622 | € -128,003 | € 42,527 | ▲ € 170,529 |
| Equity | € 238,742 | € 255,363 | € 127,361 | € 169,887 | ▲ 33% |
| Total debts | € 606,379 | € 554,091 | € 606,362 | € 505,734 | ▼ 17% |
| Cash | € 82,647 | € 84,384 | € 34,758 | € 2,995 | ▼ 91% |
| Land & buildings | € 162,804 | € 136,780 | € 110,756 | € 91,663 | ▼ 17% |
| Retained profit | € 87,742 | € 104,363 | € -23,639 | € 18,887 | ▲ € 42,527 |
| Bank debt | € 294,042 | € 345,163 | € 341,929 | € 308,854 | ▼ 10% |
| Balance sheet total | € 845,120 | € 809,454 | € 733,722 | € 675,622 | ▼ 8% |
| Employees (FTE) | 8.2 | 9 | 6.5 | 7 | ▲ 0.5 |
Key figures of ECONGLAS, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to ECONGLAS?
What happened at ECONGLAS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 42,527. filed late Source: NBB ↗
- Solver Solutions BV became a director. NBB
- New establishment in Zaventem. KBO
- Start of the company according to the CBE. KBO
In short
From € 19,016 profit in 2021 to € 42,527 profit in 2024.
Paid € 13,881 in corporate taxes since 2021.
Best year ever: 2024, with € 42,527 profit.
On average € 92,100 of value added per employee in 2024.
Management
The stake of SOLVER SOLUTIONS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ECONGLASBehind ECONGLAS is Solver Solutions BV. The shares are held by SOLVER SOLUTIONS (100%).
Directors
According to the 2024 annual accounts
Director · represented by Gerhard Michiel Lugtigheid
Also active at: VITRERIE LANDRIEUX-LECLERCQ
since 2021
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Excelsiorlaan 36-38
1930 Zaventem
Excelsiorlaan 36 box 38
1930 Zaventem
Active since 9 January 1998
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 23 companies are registered at this address.
All companies at this address →MARCAN
€ 75,347 gross margin · 2024
SOLVER SOLUTIONS same network
€ 204,962 gross margin · 2024
GLOMARD (Services)
€ 199,164 gross margin · 2025
TFA GROUP
€ 277,717 revenue · 2025
SUPER RAPID
€ 116,218 gross margin · 2025
+18 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0440.332.290
- VAT number
- BE 0440.332.290
- Registered office
- Excelsiorlaan 36-38, 1930 Zaventem
- Names & denominations
- ECONGLAS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 April 1990
- Peppol
- Active · Active since 1 Jul 2026
- Activities · NACE
Groothandel in vlakglas
Schrijnwerk
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