Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 9.9 to 6.7.
Financials
Financial year 2025
GLUE from Gent, company number BE0478747557, closed financial year 2025 with a result of € 125,228 after tax. For that financial year GLUE recorded a gross margin of € 647,883 and equity of € 418,779. Compared with financial year 2024, the result moved from € 11,388 to € 125,228. 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 February 3, 2026.
€ 418,779
▲ 43% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 125,228
▲ € 113,840 vs 2024
Profit after tax over the fiscal year.
€ 279,630
▼ 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 € 393,979.
People and assets in 2025
6.7
▼ 1.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 443,554
▼ 14% vs 2024
€ 66,200 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.
€ 22,284
▼ 21% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 12,857
Loans from banks and other lenders, long and short.
€ 38,310
▼ 83% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 122,942
▲ 28% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,027,442 | € 601,846 | € 567,303 | € 647,883 | ▲ 14% |
| Profit after taxes | € 168,906 | € 12,141 | € 11,388 | € 125,228 | ▲ € 113,840 |
| Equity | € 138,678 | € 282,164 | € 293,552 | € 418,779 | ▲ 43% |
| Total debts | € 915,512 | € 438,191 | € 408,624 | € 237,106 | ▼ 42% |
| Cash | € 613,129 | € 314,510 | € 378,021 | € 279,630 | ▼ 26% |
| Land & buildings | € 7,157 | € 4,769 | € 2,381 | € 0 | ▼ 100% |
| Retained profit | € 120,078 | € 257,364 | € 268,752 | € 393,979 | ▲ 47% |
| Dividend | € 507,994 | € 0 | € 0 | € 0 | |
| Bank debt | € 12,724 | € 12,832 | € 12,883 | € 12,857 | |
| Balance sheet total | € 1,140,191 | € 720,354 | € 702,176 | € 655,885 | ▼ 7% |
| Employees (FTE) | 12.2 | 9.9 | 8.5 | 6.7 | ▼ 1.8 |
Key figures of GLUE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to GLUE?
What happened at GLUE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 125,228 (▲ € 113,840 vs 2024). Source: NBB ↗
- SUPERGLUE BV became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 168,906 profit in 2022 to € 125,228 profit in 2025.
Paid € 142,881 in corporate taxes since 2022.
Best year ever: 2022, with € 168,906 profit.
On average € 96,700 of value added per employee in 2025.
Management
The stake of SUPERGLUE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GLUEBehind GLUE is SUPERGLUE BV. The shares are held by SUPERGLUE (98%).
Directors
According to the 2025 annual accounts
Director · represented by F.Q.M.D., vertegenwoordig door Filip Quivreux /
since 2023
Shareholders
98%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Dok-Noord 4E box 205
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →SUPPERDELUX
€ 586,234 gross margin · 2025
BACK architectenbureau
€ 175,315 gross margin · 2025
We Are Young
€ 1.4 million gross margin · 2025
SUPERGLUE same network
€ 13,955 gross margin · 2025
FOODPHOTO
€ 787,361 gross margin · 2025
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Details
- Company number
- 0478.747.557
- VAT number
- BE 0478.747.557
- Registered office
- Dok-Noord 4E bus 205, 9000 Gent
- Names & denominations
- GLUE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 November 2002
- Peppol
- Active · Active since 31 Oct 2023
- Contact
- glue.be [email protected] +32(0)9 3367809
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