What does THE GLUE do?

THE GLUE is an IT company in Machelen (Brab.). Public Limited, started on 15 July 2015, 1 establishment.

What is the address of THE GLUE?

The registered office of THE GLUE is located at De Kleetlaan 5 box 4, 1831 Machelen (Brab.).

Is THE GLUE still active?

Yes. According to the CBE (29 October 2026) THE GLUE is active, legal situation “Normale toestand”, started on 15 July 2015.

Is THE GLUE registered on Peppol?

Yes, THE GLUE is registered on the Peppol network with ID 0208:0633948844.

What is the enterprise number of THE GLUE?

The enterprise number of THE GLUE is BE0633948844.

When was THE GLUE founded?

THE GLUE was founded on 15 July 2015.

Who are the directors of THE GLUE?

According to the 2025 annual accounts, the directors of THE GLUE are: Bart Deconinck, Jürgen Ingels, IDINVEST PARTNERS SA.

Is THE GLUE a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 15 July 2015; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did THE GLUE make in 2025?

THE GLUE recorded a loss after taxes of € 300,896 in financial year 2025.

What is the revenue of THE GLUE?

As a small company, THE GLUE is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € -15,942.

How much does an employee at THE GLUE earn?

The average wage cost per full-time employee at THE GLUE was € 33,500 in 2022: staff costs of € 93,792 for 2.8 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does THE GLUE have?

According to the 2025 annual accounts, THE GLUE has 0 full-time equivalents (FTE).

Does THE GLUE have a website?

Yes, THE GLUE has a website at theglue.com.

THE GLUE (Public Limited) - Machelen (Brab.)

Dossier THE GLUE, printed on 29 October 2026 from databakkes.be/en/0633948844/the-glue. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Two loss years in a row NBB

Negative result in 2024 and 2025.
Busy address KBO

63 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

THE GLUE from Machelen (Brab.), company number BE0633948844, closed financial year 2025 with a result of € -300,896 after tax. For that financial year THE GLUE recorded a gross margin of € -15,942 and equity of € 4.1 million. Compared with financial year 2024, the result moved from € -120,480 to € -300,896. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.

What it is worth Healthy

€ 4.1 million

▼ 7% vs 2024

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

Loss Caution

€ -300,896

▼ 150 % more loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 32,079

▲ 11% vs 2024

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

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -9.7 million.

People and assets in 2025

Full-time equivalents

Average over the fiscal year, from the social balance sheet.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 33,103

▼ 51% vs 2024

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

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ -148,780 Gross margin 2022: € -148,780 First fiscal year in the series	€ 573,392 Gross margin 2023: € 573,392 ▲ € 722,173 vs 2022 (€ -148,780) Favourable step	€ -136,042 Gross margin 2024: € -136,042 ▼ € 709,434 vs 2023 (€ 573,392) Unfavourable step	€ -15,942 Gross margin 2025: € -15,942 ▲ € 120,100 vs 2024 (€ -136,042) Favourable step	▲ € 120,100
Profit after taxes	€ -291,582 Profit after taxes 2022: € -291,582 First fiscal year in the series	€ 1,241,131 Profit after taxes 2023: € 1,241,131 ▲ € 1.5 million vs 2022 (€ -291,582) Favourable step	€ -120,480 Profit after taxes 2024: € -120,480 ▼ € 1.4 million vs 2023 (€ 1,241,131) Unfavourable step	€ -300,896 Profit after taxes 2025: € -300,896 ▼ € 180,416 vs 2024 (€ -120,480) Unfavourable step	▼ € 180,416
Equity	€ 3,301,884 Equity 2022: € 3,301,884 First fiscal year in the series	€ 4,543,014 Equity 2023: € 4,543,014 ▲ 38% vs 2022 (€ 3,301,884) Favourable step	€ 4,422,534 Equity 2024: € 4,422,534 ▼ 3% vs 2023 (€ 4,543,014) Unfavourable step	€ 4,121,638 Equity 2025: € 4,121,638 ▼ 7% vs 2024 (€ 4,422,534) Unfavourable step	▼ 7%
Total debts	€ 503,099 Total debts 2022: € 503,099 First fiscal year in the series	€ 298,063 Total debts 2023: € 298,063 ▼ 41% vs 2022 (€ 503,099) Favourable step	€ 122,964 Total debts 2024: € 122,964 ▼ 59% vs 2023 (€ 298,063) Favourable step	€ 38,103 Total debts 2025: € 38,103 ▼ 69% vs 2024 (€ 122,964) Favourable step	▼ 69%
Cash	€ 183,799 Cash 2022: € 183,799 First fiscal year in the series	€ 0 Cash 2023: € 0 ▼ 100% vs 2022 (€ 183,799) Unfavourable step	€ 28,969 Cash 2024: € 28,969 Unchanged (€ 0) Favourable step	€ 32,079 Cash 2025: € 32,079 ▲ 11% vs 2024 (€ 28,969) Favourable step	▲ 11%
Retained profit	€ -10,485,647 Retained profit 2022: € -10,485,647 First fiscal year in the series	€ -9,244,516 Retained profit 2023: € -9,244,516 ▲ € 1.2 million vs 2022 (€ -10,485,647) Favourable step	€ -9,364,997 Retained profit 2024: € -9,364,997 ▼ € 120,480 vs 2023 (€ -9,244,516) Unfavourable step	€ -9,665,893 Retained profit 2025: € -9,665,893 ▼ € 300,896 vs 2024 (€ -9,364,997) Unfavourable step	▼ € 300,896
Bank debt	€ 0 Bank debt 2022: € 0 First fiscal year in the series	€ 3,782 Bank debt 2023: € 3,782 Unchanged (€ 0) Unfavourable step	€ 0 Bank debt 2024: € 0 ▼ 100% vs 2023 (€ 3,782) Favourable step	€ 0 Bank debt 2025: € 0 Unchanged (€ 0) Unchanged
Balance sheet total	€ 3,804,983 Balance sheet total 2022: € 3,804,983 First fiscal year in the series	€ 4,841,077 Balance sheet total 2023: € 4,841,077 ▲ 27% vs 2022 (€ 3,804,983) Unchanged	€ 4,545,499 Balance sheet total 2024: € 4,545,499 ▼ 6% vs 2023 (€ 4,841,077) Unchanged	€ 4,159,740 Balance sheet total 2025: € 4,159,740 ▼ 8% vs 2024 (€ 4,545,499) Unchanged	▼ 8%
Employees (FTE)	2.8 Employees (FTE) 2022: 2.8 First fiscal year in the series	0 Employees (FTE) 2023: 0 ▼ 2.8 vs 2022 (2.8) Unchanged	0 Employees (FTE) 2024: 0 Unchanged (0) Unchanged	0 Employees (FTE) 2025: 0 Unchanged (0) Unchanged

Key figures of THE 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 31 July 2027.

What happened to THE GLUE?

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

2030 Bart Deconinck stepped down as director. NBB
2030 Jürgen Ingels stepped down as director. NBB
2030 IDINVEST PARTNERS SA stepped down as director. NBB
Jul 15, 2026 New annual accounts for financial year 2025: loss of € 300,896. Source: NBB ↗
2024 Bart Deconinck became a director. NBB
2024 Jürgen Ingels became a director. NBB
2023 IDINVEST PARTNERS SA became a director. NBB
Jul 15, 2015 New establishment in Kontich. KBO

In short

From € 291,582 loss in 2022 to € 300,896 loss in 2025.

Paid € 45,119 in corporate taxes since 2022.

Best year ever: 2023, with € 1.2 million profit.

Original PDFs at the National Bank ↗

Management

MINOS CAPITAL 17.5%

SMARTFIN VENTURES, IN VEREFFENING 13.1%

The stake of MINOS CAPITAL, SMARTFIN VENTURES, IN VEREFFENING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

THE GLUE

Hyfen 89.7%

The shares are held by MINOS CAPITAL (17.5%) and SMARTFIN VENTURES, IN VEREFFENING (13.1%). It owns 89.7% of Hyfen itself.

Directors

According to the 2025 annual accounts

Bart Deconinck

Director

Also active at: LIES MERTENS

since 2024 · until 2030

Jürgen Ingels

Director

Also active at: Certimed, MENSURA Service Externe de Prévention et de Protection au travail, ITINERIS, SMARTFIN VENTURES, ISM PARTNERS, PitchFin, Pitchdrive Fund II

since 2024 · until 2030

IDINVEST PARTNERS SA

Director · represented by Damien Fietta

since 2023 · until 2030

Shareholders

MINOS CAPITAL

17.5%

SMARTFIN VENTURES, IN VEREFFENING

13.1%

Participations

Hyfen

89.7%

Establishments

Establishment units

Physical locations of this company

Registered office

De Kleetlaan 5 box 4

1831 Machelen (Brab.)

2.244.278.409

Ter Sneeuw 38

2550 Kontich

Active since 15 July 2015

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 63 companies are registered at this address.

All companies at this address →

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CLASSIC FINANCIAL SOLUTIONS

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+58 more

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

Website

HTTP theglue.com

Technologies

Nginx

Hosting & Email

Email provider

Microsoft 365

Hosting

COMBELL-AS, BE

Domain

theglue.com

Registered

1997-10-06

Registrar

Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA

Expires

2026-10-05

Website info

HTTPS Nee

Features

Security

✗ HTTPS

✓ SPF

✗ DMARC

Details

Company number

0633.948.844

VAT number

BE 0633.948.844

Registered office

De Kleetlaan 5 bus 4, 1831 Machelen (Brab.)

Names & denominations

THE GLUE

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

15 July 2015

Peppol

Active · Active since 22 Dec 2025

Contact

theglue.com

Activities · NACE

Overige diensten op het gebied van informatietechnologie en computer

Ontwerpen van computerprogramma’s

Ontwerpen en programmeren van computerprogramma's

View on CBE Public ↗ Annual accounts (NBB) ↗

THE GLUE

Warning lights

Financials

What happened to THE GLUE?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Website

Technologies

Hosting & Email

Domain

Website info

Features

Security

Details

Frequently asked questions