GLECO is a wholesaler in Merchtem. Private Limited, started on 7 March 2013, 1 establishment.

What is the address of GLECO?

The registered office of GLECO is located at Dries 68, 1785 Merchtem.

Is GLECO still active?

Yes. According to the CBE (30 October 2026) GLECO is active, legal situation “Normale toestand”, started on 7 March 2013.

Is GLECO registered on Peppol?

Yes, GLECO is registered on the Peppol network with ID 0208:0521822782.

What is the enterprise number of GLECO?

The enterprise number of GLECO is BE0521822782.

When was GLECO founded?

GLECO was founded on 7 March 2013.

Who are the directors of GLECO?

According to the 2025 annual accounts, the directors of GLECO are: Glenn De Cock.

Is GLECO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 7 March 2013; 4 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did GLECO make in 2025?

GLECO posted a profit after taxes of € 29,626 in financial year 2025.

What is the revenue of GLECO?

As a small company, GLECO is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 143,667.

GLECO (Private Limited) - Merchtem - BE0521822782

Dossier GLECO, printed on 30 October 2026 from databakkes.be/en/0521822782/gleco. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

GLECO from Merchtem, company number BE0521822782, closed financial year 2025 with a result of € 29,626 after tax. For that financial year GLECO recorded a gross margin of € 143,667 and equity of € 221,567. Compared with financial year 2024, the result moved from € 109,197 to € 29,626. 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 February 2, 2026.

What it is worth Growing

€ 221,567

▲ 15% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 29,626

▼ 73% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 4,935

▲ 172% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 202,967.

People and assets in 2025

Vehicles and equipment

€ 17,201

▲ 14% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 21 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 335,594

▼ 7% vs 2024

€ 16,355 is repaid this year. At this pace the long-term loan is gone in ≈ 21 years.

Owed to suppliers

€ 40,684

▼ 61% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 11,378

▼ 68% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2021	2022	2024	2025	Change 2024 → 2025
Gross margin	€ 91,939 Gross margin 2021: € 91,939 First fiscal year in the series	€ 81,716 Gross margin 2022: € 81,716 ▼ 11% vs 2021 (€ 91,939) Unfavourable step	€ 220,418 Gross margin 2024: € 220,418 ▲ 170% vs 2022 (€ 81,716) Favourable step	€ 143,667 Gross margin 2025: € 143,667 ▼ 35% vs 2024 (€ 220,418) Unfavourable step	▼ 35%
Profit after taxes	€ 12,321 Profit after taxes 2021: € 12,321 First fiscal year in the series	€ 24,374 Profit after taxes 2022: € 24,374 ▲ 98% vs 2021 (€ 12,321) Favourable step	€ 109,197 Profit after taxes 2024: € 109,197 ▲ € 84,823 vs 2022 (€ 24,374) Favourable step	€ 29,626 Profit after taxes 2025: € 29,626 ▼ 73% vs 2024 (€ 109,197) Unfavourable step	▼ 73%
Equity	€ 58,370 Equity 2021: € 58,370 First fiscal year in the series	€ 82,744 Equity 2022: € 82,744 ▲ 42% vs 2021 (€ 58,370) Favourable step	€ 191,941 Equity 2024: € 191,941 ▲ 132% vs 2022 (€ 82,744) Favourable step	€ 221,567 Equity 2025: € 221,567 ▲ 15% vs 2024 (€ 191,941) Favourable step	▲ 15%
Total debts	€ 616,519 Total debts 2021: € 616,519 First fiscal year in the series	€ 606,604 Total debts 2022: € 606,604 ▼ 2% vs 2021 (€ 616,519) Favourable step	€ 502,650 Total debts 2024: € 502,650 ▼ 17% vs 2022 (€ 606,604) Favourable step	€ 429,669 Total debts 2025: € 429,669 ▼ 15% vs 2024 (€ 502,650) Favourable step	▼ 15%
Cash	€ 5,856 Cash 2021: € 5,856 First fiscal year in the series	€ 5,881 Cash 2022: € 5,881 Unchanged (€ 5,856) Favourable step	€ 1,811 Cash 2024: € 1,811 ▼ 69% vs 2022 (€ 5,881) Unfavourable step	€ 4,935 Cash 2025: € 4,935 ▲ 172% vs 2024 (€ 1,811) Favourable step	▲ 172%
Land & buildings	€ 480,893 Land & buildings 2021: € 480,893 First fiscal year in the series	€ 456,210 Land & buildings 2022: € 456,210 ▼ 5% vs 2021 (€ 480,893) Unchanged	€ 282,593 Land & buildings 2024: € 282,593 ▼ 38% vs 2022 (€ 456,210) Unchanged	€ 265,438 Land & buildings 2025: € 265,438 ▼ 6% vs 2024 (€ 282,593) Unchanged	▼ 6%
Retained profit	€ 39,770 Retained profit 2021: € 39,770 First fiscal year in the series	€ 64,144 Retained profit 2022: € 64,144 ▲ 61% vs 2021 (€ 39,770) Favourable step	€ 173,341 Retained profit 2024: € 173,341 ▲ 170% vs 2022 (€ 64,144) Favourable step	€ 202,967 Retained profit 2025: € 202,967 ▲ 17% vs 2024 (€ 173,341) Favourable step	▲ 17%
Bank debt	€ 514,542 Bank debt 2021: € 514,542 First fiscal year in the series	€ 487,162 Bank debt 2022: € 487,162 ▼ 5% vs 2021 (€ 514,542) Favourable step	€ 359,823 Bank debt 2024: € 359,823 ▼ 26% vs 2022 (€ 487,162) Favourable step	€ 335,594 Bank debt 2025: € 335,594 ▼ 7% vs 2024 (€ 359,823) Favourable step	▼ 7%
Balance sheet total	€ 674,889 Balance sheet total 2021: € 674,889 First fiscal year in the series	€ 689,349 Balance sheet total 2022: € 689,349 ▲ 2% vs 2021 (€ 674,889) Unchanged	€ 694,592 Balance sheet total 2024: € 694,592 ▲ 1% vs 2022 (€ 689,349) Unchanged	€ 651,236 Balance sheet total 2025: € 651,236 ▼ 6% vs 2024 (€ 694,592) Unchanged	▼ 6%

Key figures of GLECO, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.

What happened to GLECO?

What happened at GLECO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Feb 2, 2026 New annual accounts for financial year 2025: profit of € 29,626 (▼ 73% vs 2024). filed late Source: NBB ↗
Mar 7, 2013 New establishment in Merchtem. KBO
Mar 7, 2013 Start of the company according to the CBE. KBO

In short

From € 12,321 profit in 2021 to € 29,626 profit in 2025.

Paid € 87,012 in corporate taxes since 2021.

Best year ever: 2024, with € 109,197 profit.

Original PDFs at the National Bank ↗

Management

Glenn De Cock

GLECO

Behind GLECO is Glenn De Cock.

Directors

According to the 2025 annual accounts

Glenn De Cock

Director

Establishments

Establishment units

Physical locations of this company

Registered office

Dries 68

1785 Merchtem

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0521.822.782

VAT number

BE 0521.822.782

Registered office

Dries 68, 1785 Merchtem

Names & denominations

GLECO

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

7 March 2013

Peppol

Active · Active since 24 Nov 2023

Activities · NACE

Groothandel in elektrisch materiaal, inclusief installatiemateriaal

Sanitaire werkzaamheden

Reparatie en onderhoud van producten van metaal

View on CBE Public ↗ Annual accounts (NBB) ↗

GLECO

Financials

What happened to GLECO?

Management

Directors

Establishments

Establishment units

Details

Frequently asked questions