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 3 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
GLASS INVEST from Bornem, company number BE0665863527, closed financial year 2024 with a result of € -143,774 after tax. For that financial year GLASS INVEST recorded revenue of € 228,000 and equity of € 15.1 million. Compared with financial year 2023, the result moved from € 2 million to € -143,774. 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 November 14, 2025.
€ 15.1 million
▼ 1% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -143,774
▼ still € 2 million profit in 2023
Profit after tax over the fiscal year.
€ 9,973
▼ 96% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 11.1 million.
Debts at end 2024
€ 5.9 million
▼ 8% vs 2023
€ 539,413 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 14,813
▼ 65% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 35 days on average.
€ 3,941
▼ 82% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | - | € 943,200 | € 408,000 | € 228,000 | ▼ 44% |
| Gross margin | € 532,419 | - | - | - | |
| Profit after taxes | € 2,540,020 | € 211,132 | € 2,016,621 | € -143,774 | ▼ € 2.2 million |
| Equity | € 13,041,113 | € 13,252,245 | € 15,268,867 | € 15,125,093 | ▼ 1% |
| Total debts | € 8,975,783 | € 9,058,031 | € 6,517,923 | € 6,007,223 | ▼ 8% |
| Cash | € 88,039 | € 561,800 | € 240,846 | € 9,973 | ▼ 96% |
| Retained profit | € 9,041,113 | € 9,252,245 | € 11,268,867 | € 11,125,093 | ▼ 1% |
| Bank debt | € 8,458,933 | € 8,508,856 | € 6,453,942 | € 5,912,559 | ▼ 8% |
| Balance sheet total | € 22,016,896 | € 22,310,276 | € 21,786,789 | € 21,132,316 | ▼ 3% |
Key figures of GLASS INVEST, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to GLASS INVEST?
What happened at GLASS INVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Christine Riou stepped down as director. NBB
- Christophe Vergnaud stepped down as director. NBB
- Cgc Invest BV stepped down as director. NBB
- Sanbo BV stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 143,774 (▼ € 2.2 million vs 2023). filed late Source: NBB ↗
- Cgc Invest BV became a director. NBB
- Christine Riou became a director. NBB
- Sanbo BV became a director. NBB
In short
From € 2.5 million profit in 2021 to € 143,774 loss in 2024.
Paid € 80,845 in corporate taxes since 2021.
Best year ever: 2021, with € 2.5 million profit.
Pays suppliers within 35 days on average.
A new publication or filing at GLASS INVEST? 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 Resiglass comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GLASS INVESTThe shares are held by Resiglass (100%). It owns 100% of Euroglas De Landtsheer, 100% of Euroglas Immo, 100% of International Glass Fittings Europe - IGF, 100% of IGP Immo, 100% of Industrial Glass Processing - IGP and 100% of Safetyglass Immo itself.
Directors
According to the 2024 annual accounts
Managing director · represented by Frederik De Knijf
Also active at: C.K.L., GLASS TRANSPORT, Resiglass
since 2022 · until 2028
Christine Riou
Director
Also active at: EUROGLAS - DE LANDTSHEER, SAFETYGLASS, IGP Immo, GLASS TRANSPORT, Euroglas Immo, INDUSTRIAL GLASS PROCESSING, SAFETYGLASS IMMO, Resiglass +1 more
since 2022 · until 2028
Managing director · represented by Geert De Landtsheer
Also active at: EUROGLAS - DE LANDTSHEER, JET - CAR, Flora World, ALSIC, SAFETYGLASS, IGP Immo, GLASS TRANSPORT, Euroglas Immo +7 more
since 2022 · until 2028
Christophe Vergnaud
Director
Also active at: EUROGLAS - DE LANDTSHEER, SAFETYGLASS, IGP Immo, GLASS TRANSPORT, Euroglas Immo, INDUSTRIAL GLASS PROCESSING, SAFETYGLASS IMMO, Resiglass +1 more
since 2022 · until 2028
Shareholders
100%
Participations
Establishments
Establishment units
Physical locations of this company
Puursesteenweg(BOR) 377
2880 Bornem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →EUROGLAS - DE LANDTSHEER same network
€ 25.5 million revenue · 2024
GLASS TRANSPORT same network
€ 622,836 revenue · 2024
Euroglas Immo same network
€ 582,869 revenue · 2024
EDL GROEP
Resiglass same network
€ 1.4 million revenue · 2024
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0665.863.527
- VAT number
- BE 0665.863.527
- Registered office
- Puursesteenweg(BOR) 377, 2880 Bornem
- Names & denominations
- GLASS INVEST
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 November 2016
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Groothandel in vlakglas