Financials
Financial year 2025
GLENNETH from Tongeren-Borgloon, company number BE0462069693, closed financial year 2025 with a result of € 60,811 after tax. For that financial year GLENNETH recorded a gross margin of € 183,354 and equity of € 282,089. Compared with financial year 2024, the result moved from € 13,395 to € 60,811. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 20, 2026.
€ 282,089
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 60,811
▲ € 47,416 vs 2024
Profit after tax over the fiscal year.
€ 53,512
▲ 16% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 63,722 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 70,829
▼ 44% vs 2024
Of which on lease € 70,829.
Debts at end 2025
€ 73,711
▼ 67% vs 2024
€ 49,972 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 55,719
▼ 22% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 17,902
▲ 65% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 129,533 | € 138,966 | € 117,543 | € 183,354 | ▲ 56% |
| Profit after taxes | € 42,148 | € 14,829 | € 13,395 | € 60,811 | ▲ € 47,416 |
| Equity | € 309,705 | € 324,534 | € 285,000 | € 282,089 | ▼ 1% |
| Total debts | € 490,101 | € 364,278 | € 358,622 | € 215,917 | ▼ 40% |
| Cash | € 64,471 | € 46,582 | € 46,158 | € 53,512 | ▲ 16% |
| Land & buildings | € 58,043 | € 56,869 | € 56,869 | € 56,869 | |
| Retained profit | € 216,113 | € 230,942 | € 191,408 | € 188,497 | ▼ 2% |
| Dividend | € 0 | € 0 | € 52,930 | € 63,722 | ▲ 20% |
| Bank debt | € 404,034 | € 296,979 | € 223,091 | € 73,711 | ▼ 67% |
| Balance sheet total | € 799,806 | € 688,812 | € 643,622 | € 498,006 | ▼ 23% |
Key figures of GLENNETH, 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 GLENNETH?
What happened at GLENNETH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 60,811 (▲ € 47,416 vs 2024). Source: NBB ↗
- GLV Management BV became a director. NBB
- KEV Management BV became a director. NBB
- Erik Vanheusden became a director. NBB
- Hilde Poismans became a director. NBB
- New establishment in Tongeren-Borgloon. KBO
- Start of the company according to the CBE. KBO
In short
From € 42,148 profit in 2022 to € 60,811 profit in 2025.
Paid € 29,732 in corporate taxes since 2022.
Best year ever: 2025, with € 60,811 profit.
Paid out € 116,651 in dividends to the owners in total.
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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 GLENNETH are GLV Management BV, Erik Vanheusden, Hilde Poismans and KEV Management BV. The same people are also behind VANELGRO.
Directors
According to the 2025 annual accounts
since 2022
since 2003
since 2003
Administrator-manager · represented by Vanheusden Kenneth
Also active at: VANELGRO
since 2022
Establishments
Establishment units
Physical locations of this company
Overhaamlaan 30
3700 Tongeren-Borgloon
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0462.069.693
- VAT number
- BE 0462.069.693
- Registered office
- Overhaamlaan 30, 3700 Tongeren-Borgloon
- Names & denominations
- GLENNETH
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 December 1997
- Peppol
- Active · Active since 25 Apr 2025
- Activities · NACE
Sanitaire werkzaamheden
Overig loodgieterswerk