What does GLK Grondwerken do?

GLK Grondwerken is a car dealer in Kruisem. Private Limited, started on 2 October 1997, 1 establishment.

What is the address of GLK Grondwerken?

The registered office of GLK Grondwerken is located at Meirestraat(KRU) 13 box B, 9770 Kruisem.

Is GLK Grondwerken still active?

Yes. According to the CBE (30 October 2026) GLK Grondwerken is active, legal situation “Normale toestand”, started on 2 October 1997.

Is GLK Grondwerken registered on Peppol?

Yes, GLK Grondwerken is registered on the Peppol network with ID 0208:0461528869.

What is the enterprise number of GLK Grondwerken?

The enterprise number of GLK Grondwerken is BE0461528869.

When was GLK Grondwerken founded?

GLK Grondwerken was founded on 2 October 1997.

Who are the directors of GLK Grondwerken?

According to the 2025 annual accounts, the directors of GLK Grondwerken are: Geert Lippens, GLVDK NV.

Is GLK Grondwerken a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 2 October 1997; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did GLK Grondwerken make in 2025?

GLK Grondwerken posted a profit after taxes of € 177,384 in financial year 2025.

What is the revenue of GLK Grondwerken?

As a small company, GLK Grondwerken is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 3,246,770.

How much does an employee at GLK Grondwerken earn?

The average wage cost per full-time employee at GLK Grondwerken was € 65,000 in 2025: staff costs of € 2.3 million for 35.2 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does GLK Grondwerken have?

According to the 2025 annual accounts, GLK Grondwerken has 35.2 full-time equivalents (FTE).

GLK Grondwerken (Private Limited) - Kruisem

Dossier GLK Grondwerken, printed on 30 October 2026 from databakkes.be/en/0461528869/glk-grondwerken. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

GLK Grondwerken from Kruisem, company number BE0461528869, closed financial year 2025 with a result of € 177,384 after tax. For that financial year GLK Grondwerken recorded a gross margin of € 3.2 million and equity of € 1.7 million. Compared with financial year 2024, the result moved from € 100,772 to € 177,384. 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 25, 2026.

What it is worth Growing

€ 1.7 million

▲ 12% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 177,384

▲ 76% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 43,411

▼ 83% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 1.6 million.

People and assets in 2025

Full-time equivalents

35.2

▲ 2.6 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 2.3 million

▲ 7% vs 2024

€ 65,000 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.

Vehicles and equipment

€ 933,741

▲ 6% vs 2024

Of which on lease € 397,301.

Debts at end 2025

Bank debt ≈ 3 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 1.7 million

▲ 7% vs 2024

€ 628,180 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.

Owed to suppliers

€ 942,560

▼ 2% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 171,061

▲ 76% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 2,784,100 Gross margin 2022: € 2,784,100 First fiscal year in the series	€ 2,964,261 Gross margin 2023: € 2,964,261 ▲ 6% vs 2022 (€ 2,784,100) Favourable step	€ 2,922,024 Gross margin 2024: € 2,922,024 ▼ 1% vs 2023 (€ 2,964,261) Unfavourable step	€ 3,246,770 Gross margin 2025: € 3,246,770 ▲ 11% vs 2024 (€ 2,922,024) Favourable step	▲ 11%
Profit after taxes	€ 319,834 Profit after taxes 2022: € 319,834 First fiscal year in the series	€ 265,880 Profit after taxes 2023: € 265,880 ▼ 17% vs 2022 (€ 319,834) Unfavourable step	€ 100,772 Profit after taxes 2024: € 100,772 ▼ 62% vs 2023 (€ 265,880) Unfavourable step	€ 177,384 Profit after taxes 2025: € 177,384 ▲ 76% vs 2024 (€ 100,772) Favourable step	▲ 76%
Equity	€ 1,254,380 Equity 2022: € 1,254,380 First fiscal year in the series	€ 1,420,260 Equity 2023: € 1,420,260 ▲ 13% vs 2022 (€ 1,254,380) Favourable step	€ 1,521,031 Equity 2024: € 1,521,031 ▲ 7% vs 2023 (€ 1,420,260) Favourable step	€ 1,698,416 Equity 2025: € 1,698,416 ▲ 12% vs 2024 (€ 1,521,031) Favourable step	▲ 12%
Total debts	€ 3,023,428 Total debts 2022: € 3,023,428 First fiscal year in the series	€ 3,305,475 Total debts 2023: € 3,305,475 ▲ 9% vs 2022 (€ 3,023,428) Unfavourable step	€ 2,886,791 Total debts 2024: € 2,886,791 ▼ 13% vs 2023 (€ 3,305,475) Favourable step	€ 2,818,027 Total debts 2025: € 2,818,027 ▼ 2% vs 2024 (€ 2,886,791) Favourable step	▼ 2%
Cash	€ 577,503 Cash 2022: € 577,503 First fiscal year in the series	€ 26,248 Cash 2023: € 26,248 ▼ 95% vs 2022 (€ 577,503) Unfavourable step	€ 262,482 Cash 2024: € 262,482 ▲ € 236,234 vs 2023 (€ 26,248) Favourable step	€ 43,411 Cash 2025: € 43,411 ▼ 83% vs 2024 (€ 262,482) Unfavourable step	▼ 83%
Retained profit	€ 1,129,380 Retained profit 2022: € 1,129,380 First fiscal year in the series	€ 1,295,260 Retained profit 2023: € 1,295,260 ▲ 15% vs 2022 (€ 1,129,380) Favourable step	€ 1,396,031 Retained profit 2024: € 1,396,031 ▲ 8% vs 2023 (€ 1,295,260) Favourable step	€ 1,573,416 Retained profit 2025: € 1,573,416 ▲ 13% vs 2024 (€ 1,396,031) Favourable step	▲ 13%
Dividend	€ 100,000 Dividend 2022: € 100,000 First fiscal year in the series	€ 100,000 Dividend 2023: € 100,000 Unchanged (€ 100,000) Unchanged	€ 0 Dividend 2024: € 0 ▼ 100% vs 2023 (€ 100,000) Unchanged	€ 0 Dividend 2025: € 0 Unchanged (€ 0) Unchanged
Bank debt	€ 1,862,993 Bank debt 2022: € 1,862,993 First fiscal year in the series	€ 1,998,671 Bank debt 2023: € 1,998,671 ▲ 7% vs 2022 (€ 1,862,993) Unfavourable step	€ 1,578,072 Bank debt 2024: € 1,578,072 ▼ 21% vs 2023 (€ 1,998,671) Favourable step	€ 1,694,176 Bank debt 2025: € 1,694,176 ▲ 7% vs 2024 (€ 1,578,072) Unfavourable step	▲ 7%
Balance sheet total	€ 4,277,808 Balance sheet total 2022: € 4,277,808 First fiscal year in the series	€ 4,725,735 Balance sheet total 2023: € 4,725,735 ▲ 10% vs 2022 (€ 4,277,808) Unchanged	€ 4,407,823 Balance sheet total 2024: € 4,407,823 ▼ 7% vs 2023 (€ 4,725,735) Unchanged	€ 4,516,443 Balance sheet total 2025: € 4,516,443 ▲ 2% vs 2024 (€ 4,407,823) Unchanged	▲ 2%
Employees (FTE)	29 Employees (FTE) 2022: 29 First fiscal year in the series	29.5 Employees (FTE) 2023: 29.5 ▲ 0.5 vs 2022 (29) Unchanged	32.6 Employees (FTE) 2024: 32.6 ▲ 3.1 vs 2023 (29.5) Unchanged	35.2 Employees (FTE) 2025: 35.2 ▲ 2.6 vs 2024 (32.6) Unchanged	▲ 2.6

Key figures of GLK Grondwerken, 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 GLK Grondwerken?

What happened at GLK Grondwerken in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jun 25, 2026 New annual accounts for financial year 2025: profit of € 177,384 (▲ 76% vs 2024). Source: NBB ↗
Oct 2, 1997 New establishment in Kruisem. KBO
Oct 2, 1997 Start of the company according to the CBE. KBO

In short

From € 319,834 profit in 2022 to € 177,384 profit in 2025.

Paid € 213,857 in corporate taxes since 2022.

Best year ever: 2022, with € 319,834 profit.

On average € 92,200 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

GLVDK 100%

The stake of GLVDK comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

GLK Grondwerken

Behind GLK Grondwerken are Geert Lippens and GLVDK NV. The shares are held by GLVDK (100%).

Directors

According to the 2025 annual accounts

Geert Lippens

Director

GLVDK NV

Director · represented by Els Vandekerckhove

Also active at: GEERT LIPPENS MANAGEMENT

Shareholders

GLVDK

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Meirestraat(KRU) 13 box B

9770 Kruisem

2.084.016.789

Meirestraat(KRU) 13B

9770 Kruisem

Active since 2 October 1997

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.

All companies at this address →

GEERT LIPPENS MANAGEMENT same network

€ 400,775 gross margin · 2025

BEDRIJVENVERENIGING ZULTE-KRUISHOUTEM

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0461.528.869

VAT number

BE 0461.528.869

Registered office

Meirestraat(KRU) 13 bus B, 9770 Kruisem

Names & denominations

GLK Grondwerken

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

2 October 1997

Peppol

Active · Active since 11 Sept 2025

Activities · NACE

Grondverzet

Bouwrijp maken van terreinen

Waterbouw, muv baggerwerken

Groothandel in bouwmaterialen, algemeen assortiment

Algemene bouw van residentiële gebouwen

Slopen

Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)

Slopen van gebouwen

View on CBE Public ↗ Annual accounts (NBB) ↗

GLK Grondwerken

Financials

What happened to GLK Grondwerken?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions