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 49 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
G.L. DISTRIBUTION from Verviers, company number BE0607996790, closed financial year 2025 with a result of € 57,708 after tax. For that financial year G.L. DISTRIBUTION recorded a gross margin of € 253,669 and equity of € 445,490. Compared with financial year 2024, the result moved from € 119,624 to € 57,708. The company is profitable. 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 August 31, 2026.
€ 445,490
▲ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 57,708
▼ 52% vs 2024
Profit after tax over the fiscal year.
€ 1,780
▲ € 1,431 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 23,300 paid out
40 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
2.8
▲ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 131,590
▲ 48% vs 2024
€ 47,000 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.
€ 19,861
▼ 38% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 328,824
▲ 101% vs 2024
€ 47,921 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 42,083
▼ 41% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 59,071
▼ 15% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 189,514 | € 268,939 | € 326,035 | € 253,669 | ▼ 22% |
| Profit after taxes | € 83,525 | € 134,445 | € 119,624 | € 57,708 | ▼ 52% |
| Equity | € 202,014 | € 291,459 | € 411,083 | € 445,490 | ▲ 8% |
| Total debts | € 392,323 | € 338,347 | € 314,826 | € 453,278 | ▲ 44% |
| Cash | € 1,003 | € 36,829 | € 349 | € 1,780 | ▲ € 1,431 |
| Retained profit | € 183,414 | € 272,859 | € 392,483 | € 426,890 | ▲ 9% |
| Dividend | € 80,000 | € 45,000 | € 0 | € 23,300 | |
| Bank debt | € 185,939 | € 173,757 | € 163,598 | € 328,824 | ▲ 101% |
| Balance sheet total | € 594,338 | € 629,806 | € 725,909 | € 898,768 | ▲ 24% |
| Employees (FTE) | - | 1.8 | 2.3 | 2.8 | ▲ 0.5 |
Key figures of G.L. DISTRIBUTION, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to G.L. DISTRIBUTION?
What happened at G.L. DISTRIBUTION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 57,708 (▼ 52% vs 2024). filed late Source: NBB ↗
- New establishment in Fernelmont. KBO
- Start of the company according to the CBE. KBO
- Gérald LEKENNE became a director. NBB
In short
From € 83,525 profit in 2022 to € 57,708 profit in 2025.
Paid € 112,986 in corporate taxes since 2022.
Best year ever: 2023, with € 134,445 profit.
On average € 90,600 of value added per employee in 2025.
A new publication or filing at G.L. DISTRIBUTION? 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 G.L. DISTRIBUTION is Gérald LEKENNE. Gérald LEKENNE is also behind G TRADE and IMMO TRADE.
Directors
According to the 2025 annual accounts
since 2015
Establishments
Establishment units
Physical locations of this company
Avenue de l'Europe 16
4800 Verviers
Rue Georges Cosse, ZI, Nov. 30
5380 Fernelmont
Active since 7 September 2015
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.
Details
- Company number
- 0607.996.790
- VAT number
- BE 0607.996.790
- Registered office
- Avenue de l'Europe 16, 4800 Verviers
- Names & denominations
- G.L. DISTRIBUTION
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 March 2015
- Peppol
- Active · Active since 19 Jan 2026
- Activities · NACE
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Groothandel in porselein en glaswerk
Groothandel in andere machines en werktuigen, n.e.g.
Groothandel in niet-elektrische huishoudelijke artikelen
Groothandel in reinigingsmiddelen