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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Glittek from Dilbeek, company number BE0457214052, closed financial year 2025 with a result of € -280,240 after tax. For that financial year Glittek recorded a gross margin of € 411,208 and equity of € 354,092. Compared with financial year 2024, the result moved from € -64,490 to € -280,240. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 24, 2026.
€ 354,092
▼ 44% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -280,240
▼ 335 % more loss than in 2024
Profit after tax over the fiscal year.
€ 94,231
▲ 259% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 87,667.
Debts at end 2025
€ 12.8 million
▲ € 10.8 million vs 2024
Loans from banks and other lenders, long and short.
€ 7,205
▼ 78% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 23,241
▲ 259% 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 | € 220,543 | € 226,553 | € 290,355 | € 411,208 | ▲ 42% |
| Profit after taxes | € 76,622 | € 46,633 | € -64,490 | € -280,240 | ▼ € 215,750 |
| Equity | € 1,892,135 | € 1,938,768 | € 634,333 | € 354,092 | ▼ 44% |
| Total debts | € 1,652,357 | € 1,791,261 | € 3,769,155 | € 16,186,409 | ▲ € 12.4 million |
| Cash | € 42,526 | € 52,911 | € 26,220 | € 94,231 | ▲ 259% |
| Land & buildings | € 2,735,569 | € 2,679,177 | € 3,491,459 | € 15,572,415 | ▲ € 12.1 million |
| Retained profit | € 1,161,558 | € 1,208,192 | € 367,908 | € 87,667 | ▼ 76% |
| Bank debt | € 1,140,852 | € 645,882 | € 1,920,886 | € 12,766,667 | ▲ € 10.8 million |
| Balance sheet total | € 3,571,535 | € 3,753,770 | € 4,423,927 | € 16,557,638 | ▲ 274% |
Key figures of Glittek, 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 Glittek?
What happened at Glittek in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Pieter-Jan Hullebusch stepped down as director. NBB
- Charlotte Hullebusch stepped down as director. NBB
- PMC Groep NV stepped down as director. NBB
- Carine Popelier stepped down as director. NBB
- Maarten Hullebusch stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 280,241. Source: NBB ↗
- Pieter-Jan Hullebusch became a director. NBB
- Charlotte Hullebusch became a director. NBB
In short
From € 76,622 profit in 2022 to € 280,241 loss in 2025.
Paid € 45,189 in corporate taxes since 2022.
Best year ever: 2022, with € 76,622 profit.
Management
The stake of PMC GROEP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GlittekThe shares are held by PMC GROEP (99.4%).
Directors
According to the 2025 annual accounts
since 2024 · until 2030
since 2024 · until 2030
Director · represented by Johan Hullebusch
Also active at: HULLEBUSCH, CENTURY STONE BELGIUM, VB-LOGISTICS, DEFRUB, IMMO DEFRUB
· until 2030
Carine Popelier
Director
Also active at: HULLEBUSCH, CENTURY STONE BELGIUM, PMC GROEP, VB-LOGISTICS, DEFRUB
· until 2030
since 2024 · until 2030
Shareholders
99.4%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Ninoofsesteenweg 867
1703 Dilbeek
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Details
- Company number
- 0457.214.052
- VAT number
- BE 0457.214.052
- Registered office
- Ninoofsesteenweg 867, 1703 Dilbeek
- Names & denominations
- Glittek
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 January 1996
- Peppol
- Active · Active since 12 Sept 2025
- Contact
- hbclassics.be
- Activities · NACE
Groothandel in bouwmaterialen, algemeen assortiment
Groothandel in verf, vernis en bouwmaterialen, inclusief sanitair