Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 10 % of short-term debt in 2024; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 6 to 5.
Financials
Financial year 2024
Glenn Sestig Architects from Sint-Martens-Latem, company number BE0466710451, closed financial year 2024 with a result of € 64,127 after tax. For that financial year Glenn Sestig Architects recorded a gross margin of € 743,575 and equity of € 1.3 million. Compared with financial year 2023, the result moved from € 151,528 to € 64,127. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 29, 2025.
€ 1.3 million
▲ 5% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 64,127
▼ 58% vs 2023
Profit after tax over the fiscal year.
€ 42,700
▼ 30% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 1.3 million.
People and assets in 2024
5
▼ 0.8 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 385,044
▼ 12% vs 2023
€ 77,000 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.
€ 278,077
▼ 2% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 2 million
▲ 20% vs 2023
€ 201,740 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 442,429
▲ 165% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 183,507
▲ 55% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 492,129 | € 685,617 | € 895,872 | € 743,575 | ▼ 17% |
| Profit after taxes | € 84,584 | € 4,402 | € 151,528 | € 64,127 | ▼ 58% |
| Equity | € 1,059,916 | € 1,064,318 | € 1,215,846 | € 1,279,974 | ▲ 5% |
| Total debts | € 3,002,826 | € 2,945,538 | € 2,713,653 | € 3,189,083 | ▲ 18% |
| Cash | € 114,811 | € 127,836 | € 61,163 | € 42,700 | ▼ 30% |
| Land & buildings | € 3,958,661 | € 3,936,158 | € 3,850,862 | € 4,432,999 | ▲ 15% |
| Retained profit | € 1,040,416 | € 1,044,818 | € 1,196,346 | € 1,260,474 | ▲ 5% |
| Bank debt | € 1,682,827 | € 1,560,454 | € 1,636,719 | € 1,964,611 | ▲ 20% |
| Balance sheet total | € 4,440,572 | € 4,376,691 | € 4,285,340 | € 4,813,904 | ▲ 12% |
| Employees (FTE) | 4.5 | 6 | 5.8 | 5 | ▼ 0.8 |
Key figures of Glenn Sestig Architects, 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 Glenn Sestig Architects?
What happened at Glenn Sestig Architects in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 64,127 (▼ 58% vs 2023). filed late Source: NBB ↗
- New establishment in Gent. KBO
- Glenn SESTIG became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Sint-Martens-Latem. KBO
In short
From € 84,584 profit in 2021 to € 64,127 profit in 2024.
Paid € 190,950 in corporate taxes since 2021.
Best year ever: 2023, with € 151,528 profit.
On average € 148,700 of value added per employee in 2024.
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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 Glenn Sestig Architects is Glenn SESTIG.
Directors
According to the 2024 annual accounts
Glenn SESTIG
Director
since 1999
Establishments
Establishment units
Physical locations of this company
Warandedreef 13
9831 Sint-Martens-Latem
Brabantdam 199
9000 Gent
Active since 26 October 2021
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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
glennsestigarchitects.com
Registered
2000-10-12
Registrar
Combell NV
Expires
2026-10-12
Website info
Features
Security
Details
- Company number
- 0466.710.451
- VAT number
- BE 0466.710.451
- Registered office
- Warandedreef 13, 9831 Sint-Martens-Latem
- Names & denominations
- Glenn Sestig Architects
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 August 1999
- Peppol
- Active · Active since 19 Sept 2025
- Activities · NACE
Activiteiten van bouwarchitecten
Architecten