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 11 % of short-term debt in 2024; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2024
GLS from Brussel, company number BE0466226837, closed financial year 2024 with a result of € 0 after tax. Compared with financial year 2023, the result moved from € 0 to € 0. Around break-even. 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 July 16, 2025.
€ -11,719
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 0
Profit after tax over the fiscal year.
€ 1,376
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -17,917.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Equity | € -11,719 | € -11,719 | € -11,719 | € -11,719 | |
| Total debts | € 13,095 | € 13,095 | € 13,095 | € 13,095 | |
| Cash | € 1,376 | € 1,376 | € 1,376 | € 1,376 | |
| Retained profit | € -17,917 | € -17,917 | € -17,917 | € -17,917 | |
| Balance sheet total | € 1,376 | € 1,376 | € 1,376 | € 1,376 |
Key figures of GLS, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to GLS?
What happened at GLS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 0. Source: NBB ↗
- New establishment in Anderlecht. KBO
- Start of the company according to the CBE. KBO
In short
From € 0 profit in 2021 to € 0 profit in 2024.
A new publication or filing at GLS? We notify you, reason included.
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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 GLS are KENNETH GATES and MICHEL LAMBOT. The same people are also behind PIAS GROUP, FOLLOW-UP, RD and LGS2. KENNETH GATES is also behind PLAY IT AGAIN SAM and Source Publishing. MICHEL LAMBOT is also behind HARMONIA MUNDI BELGIUM, BANG, GALA HOLDING and 62TV RECORDS.
Directors
According to the 2024 annual accounts
KENNETH GATES
Manager
Also active at: PLAY IT AGAIN SAM, PIAS GROUP, FOLLOW-UP, RD, LGS2, Source Publishing
MICHEL LAMBOT
Manager
Also active at: PIAS GROUP, HARMONIA MUNDI BELGIUM, BANG, FOLLOW-UP, RD, LGS2, GALA HOLDING, 62TV RECORDS
Establishments
Establishment units
Physical locations of this company
Sint-Laurensstraat 36/38
1000 Brussel
Veeweidestraat 90
1070 Anderlecht
Active since 17 August 2000
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0466.226.837
- VAT number
- BE 0466.226.837
- Registered office
- Sint-Laurensstraat 36/38, 1000 Brussel
- Names & denominations
- GLS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 June 1999
- Peppol
- Not registered