Financials
Financial year 2025
GLR from Zaventem, company number BE0458207115, closed financial year 2025 with a result of € 16,268 after tax. For that financial year GLR recorded a gross margin of € 2.4 million and equity of € 2.1 million. Compared with financial year 2024, the result moved from € 10,852 to € 16,268. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 2.1 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 16,268
▲ 50% vs 2024
Profit after tax over the fiscal year.
€ 1.1 million
▼ 26% 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 € 1.9 million.
People and assets in 2025
26.9
▼ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.8 million
▲ 6% vs 2024
€ 66,900 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.
€ 679,871
▼ 31% vs 2024
Of which on lease € 515,732.
Debts at end 2025
€ 579,547
▼ 26% vs 2024
€ 198,384 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 271,047
▼ 53% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 396,015
▲ 20% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,491,214 | € 2,011,420 | € 2,184,547 | € 2,400,446 | ▲ 10% |
| Profit after taxes | € 186,425 | € 105,233 | € 10,852 | € 16,268 | ▲ 50% |
| Equity | € 2,003,852 | € 2,109,085 | € 2,119,937 | € 2,136,204 | ▲ 1% |
| Total debts | € 1,637,079 | € 1,054,780 | € 1,687,715 | € 1,246,609 | ▼ 26% |
| Cash | € 1,333,803 | € 1,401,636 | € 1,480,883 | € 1,094,393 | ▼ 26% |
| Land & buildings | € 293,974 | € 274,274 | € 254,574 | € 234,874 | ▼ 8% |
| Retained profit | € 1,803,852 | € 1,909,085 | € 1,919,937 | € 1,936,204 | ▲ 1% |
| Dividend | € 300,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 740,371 | € 432,118 | € 780,303 | € 579,547 | ▼ 26% |
| Balance sheet total | € 3,661,006 | € 3,183,940 | € 3,827,727 | € 3,402,888 | ▼ 11% |
| Employees (FTE) | 32.3 | 27 | 27.3 | 26.9 | ▼ 0.4 |
Key figures of GLR, 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 GLR?
What happened at GLR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 16,268 (▲ 50% vs 2024). Source: NBB ↗
- New establishment in Zaventem. KBO
- New establishment in Zaventem. KBO
- Start of the company according to the CBE. KBO
In short
From € 186,425 profit in 2022 to € 16,268 profit in 2025.
Paid € 125,314 in corporate taxes since 2022.
Best year ever: 2022, with € 186,425 profit.
On average € 89,200 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind GLR are MUZAFFER GULER and CANAN DISICURUK. MUZAFFER GULER is also behind ZAFFER RESEARCH and DEVELOPMENT, ZAFFER BELGIUM and DBG CONSULTING.
Directors
According to the 2025 annual accounts
MUZAFFER GULER
Director
Also active at: ZAFFER RESEARCH and DEVELOPMENT, ZAFFER BELGIUM, DBG CONSULTING
CANAN DISICURUK
Director
Establishments
Establishment units
Physical locations of this company
Walenweg 95
1930 Zaventem
Weiveldlaan 41 box C
1930 Zaventem
Active since 1 October 2019
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0458.207.115
- VAT number
- BE 0458.207.115
- Registered office
- Walenweg 95, 1930 Zaventem
- Names & denominations
- GLR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 June 1996
- Peppol
- Active · Active since 14 Jan 2026
- Activities · NACE
Vervaardiging van deuren en vensters van kunststof
Vervaardiging van kunststofelementen voor de bouw
Algemene bouw van residentiële gebouwen
Bouwen van individuele huizen
Overige bouwinstallatie
Schrijnwerk
Ontwikkeling van residentiële bouwprojecten
Projectontwikkeling voor woningbouw
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