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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 32 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GM GLASS from Wuustwezel, company number BE0456237619, closed financial year 2025 with a result of € 3,749 after tax. For that financial year GM GLASS recorded a gross margin of € 37,575 and equity of € -115,512. Compared with financial year 2024, the result moved from € 16,329 to € 3,749. The company is profitable. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 28, 2026.
€ -115,512
▲ € 3,749 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3,749
▼ 77% vs 2024
Profit after tax over the fiscal year.
€ 7,873
▲ 123% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -135,512.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 84,037
▼ 22% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 67,837
▼ 26% vs 2024
€ 25,256 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 5,627
▲ 35% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,307
▼ 43% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 66,332 | € 32,358 | € 41,071 | € 37,575 | ▼ 9% |
| Profit after taxes | € 142,146 | € 13,386 | € 16,329 | € 3,749 | ▼ 77% |
| Equity | € -148,975 | € -135,589 | € -119,260 | € -115,512 | ▲ € 3,749 |
| Total debts | € 428,958 | € 412,805 | € 484,130 | € 465,158 | ▼ 4% |
| Cash | € 22,507 | € 11,350 | € 3,524 | € 7,873 | ▲ 123% |
| Retained profit | € -168,975 | € -155,589 | € -139,260 | € -135,512 | ▲ € 3,749 |
| Bank debt | € 0 | € 0 | € 91,897 | € 67,837 | ▼ 26% |
| Balance sheet total | € 279,983 | € 277,216 | € 364,869 | € 349,646 | ▼ 4% |
Key figures of GM GLASS, 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 GM GLASS?
What happened at GM GLASS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 3,749 (▼ 77% vs 2024). filed late Source: NBB ↗
- New establishment in Wuustwezel. KBO
- Start of the company according to the CBE. KBO
In short
From € 142,146 profit in 2022 to € 3,749 profit in 2025.
Paid € 28,054 in corporate taxes since 2022.
Best year ever: 2022, with € 142,146 profit.
Management
Behind GM GLASS is Guy Martens. It owns 59.8% of MARTENS GLAS DESIGN itself.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Vloeiweg 1
2990 Wuustwezel
Vloeiweg (Centrum) 1
2990 Wuustwezel
Active since 12 January 1996
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0456.237.619
- VAT number
- BE 0456.237.619
- Registered office
- Vloeiweg 1, 2990 Wuustwezel
- Names & denominations
- GM GLASS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 October 1995
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Activiteiten van holdings
Holdings
Groothandel in vlakglas
Glaszetten