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
58 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.
€ 4.1 million
▼ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -300,896
▼ 150 % more loss than in 2024
Profit after tax over the fiscal year.
€ 32,079
▲ 11% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -9.7 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 33,103
▼ 51% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -148,780 | € 573,392 | € -136,042 | € -15,942 | ▲ € 120,100 |
| Profit after taxes | € -291,582 | € 1,241,131 | € -120,480 | € -300,896 | ▼ € 180,416 |
| Equity | € 3,301,884 | € 4,543,014 | € 4,422,534 | € 4,121,638 | ▼ 7% |
| Total debts | € 503,099 | € 298,063 | € 122,964 | € 38,103 | ▼ 69% |
| Cash | € 183,799 | € 0 | € 28,969 | € 32,079 | ▲ 11% |
| Retained profit | € -10,485,647 | € -9,244,516 | € -9,364,997 | € -9,665,893 | ▼ € 300,896 |
| Bank debt | € 0 | € 3,782 | € 0 | € 0 | |
| Balance sheet total | € 3,804,983 | € 4,841,077 | € 4,545,499 | € 4,159,740 | ▼ 8% |
| Employees (FTE) | 2.8 | 0 | 0 | 0 |
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:
- Bart Deconinck stepped down as director. NBB
- Jürgen Ingels stepped down as director. NBB
- IDINVEST PARTNERS SA stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 300,896. Source: NBB ↗
- Bart Deconinck became a director. NBB
- Jürgen Ingels became a director. NBB
- IDINVEST PARTNERS SA became a director. NBB
- 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.
A new publication or filing at THE GLUE? 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
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 GLUEThe 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
since 2024 · until 2030
Jürgen Ingels
Director
Also active at: Certimed, MENSURA Service Externe de Prévention et de Protection au travail, ITINERIS, FORTINVEST, SMARTFIN VENTURES, ISM PARTNERS, PitchFin, Pitchdrive Fund II
since 2024 · until 2030
Director · represented by Damien Fietta
since 2023 · until 2030
Shareholders
17.5%
Participations
Hyfen
89.7%
Establishments
Establishment units
Physical locations of this company
De Kleetlaan 5 box 4
1831 Machelen (Brab.)
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 58 companies are registered at this address.
All companies at this address →DIMARO
€ 170,656 gross margin · 2024
KENNAMETAL BELGIUM
€ 476,946 gross margin · 2025
KNX ASSOCIATION
€ 12.3 million revenue · 2025
PRECISELY SOFTWARE BELGIUM
€ 758,688 gross margin · 2025
CLASSIC FINANCIAL SOLUTIONS
€ 146,942 gross margin · 2025
+53 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
theglue.com
Registered
1997-10-06
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2026-10-05
Website info
Features
Security
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
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