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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Tight liquidity NBB
Cash and receivables cover 45 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GLOTEC from Zele, company number BE0500747256, closed financial year 2025 with a result of € -967,253 after tax. For that financial year GLOTEC recorded a gross margin of € 2.3 million and equity of € 83,717. Compared with financial year 2023, the result moved from € 95,176 to € -967,253. The company made a loss. The buffer shrank hard: equity is 92 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 5, 2026.
€ 83,717
▼ 92% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -967,253
▼ still € 95,176 profit in 2023
Profit after tax over the fiscal year.
€ 30,015
▼ 79% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 22,217.
People and assets in 2025
24.1
▲ 1.6 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 2.5 million
▲ 90% vs 2023
€ 103,800 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.
€ 74,051
▼ 42% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.1 million
▲ 69% vs 2023
€ 334,960 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 664,129
▲ 33% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 203,745
▲ 21% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2025 | Change 2023 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,763,609 | € 1,366,543 | € 1,832,654 | € 2,325,781 | ▲ 27% |
| Profit after taxes | € 337,436 | € -230,965 | € 95,176 | € -967,253 | ▼ € 1.1 million |
| Equity | € 1,301,759 | € 1,013,294 | € 1,050,970 | € 83,717 | ▼ 92% |
| Total debts | € 1,898,302 | € 1,639,116 | € 2,037,657 | € 3,009,066 | ▲ 48% |
| Cash | € 468,171 | € 62,777 | € 140,985 | € 30,015 | ▼ 79% |
| Retained profit | € 1,240,259 | € 951,794 | € 989,470 | € 22,217 | ▼ 98% |
| Dividend | € 136,138 | € 57,500 | € 57,500 | € 0 | ▼ 100% |
| Bank debt | € 1,074,253 | € 890,621 | € 1,266,369 | € 2,138,188 | ▲ 69% |
| Balance sheet total | € 3,200,061 | € 2,652,410 | € 3,088,627 | € 3,092,783 | |
| Employees (FTE) | 20.3 | 19.9 | 22.5 | 24.1 | ▲ 1.6 |
Key figures of GLOTEC, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 May 2027.
What happened to GLOTEC?
What happened at GLOTEC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Boudewijn Talpe stepped down as director. NBB
- Tosca stepped down as director. NBB
- Kristal Consult stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 967,253 (▼ € 1.1 million vs 2023). Source: NBB ↗
- Boudewijn Talpe became a director. NBB
- Tosca became a director. NBB
- Kristal Consult became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 337,436 profit in 2021 to € 967,253 loss in 2025.
Paid € 21,936 in corporate taxes since 2021.
Best year ever: 2021, with € 337,436 profit.
On average € 96,500 of value added per employee in 2025.
Management
Directors
According to the 2025 annual accounts
Boudewijn Talpe
Director
since 2024 · until 2030
since 2021 · until 2027
Director · represented by Kristof Talpe
Also active at: GLORIA CONSTRUCT, SHOPINVEST, DE VLETERBEEK
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Textielstraat 6
9240 Zele
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 →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0500.747.256
- VAT number
- BE 0500.747.256
- Registered office
- Textielstraat 6, 9240 Zele
- Names & denominations
- GLOTEC
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 November 2012
- Peppol
- Active · Active since 2 Feb 2026
- Activities · NACE
Vervaardiging van metalen constructiewerken en delen daarvan
Groothandel in andere consumentenartikelen, neg
Schrijnwerk
Overige dienstverlenende activiteiten op het gebied van informatie
Handelsbemiddeling in de niet-gespecialiseerde groothandel
Groothandel in ijzerwaren
Overige dienstverlenende activiteiten op het gebied van informatie, n.e. g.