Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 57 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GLST from Wavre, company number BE0690833208, closed financial year 2025 with a result of € 13,928 after tax. For that financial year GLST recorded a gross margin of € 27,677 and equity of € -16,394. Compared with financial year 2024, the result moved from € -7,454 to € 13,928. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ -16,394
▲ € 13,928 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 13,928
▲ still € 7,454 loss in 2024
Profit after tax over the fiscal year.
€ 238,044
▼ 4% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -36,394.
Debts at end 2025
€ 49,000
Loans from banks and other lenders, long and short.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 9,598 | € 9,662 | € 10,608 | € 27,677 | ▲ 161% |
| Profit after taxes | € -7,308 | € -10,301 | € -7,454 | € 13,928 | ▲ € 21,382 |
| Equity | € -12,567 | € -22,868 | € -30,322 | € -16,394 | ▲ € 13,928 |
| Total debts | € 268,284 | € 275,482 | € 514,919 | € 494,919 | ▼ 4% |
| Cash | € 38,289 | € 31,986 | € 248,426 | € 238,044 | ▼ 4% |
| Land & buildings | € 217,428 | € 206,632 | € 223,633 | € 211,402 | ▼ 5% |
| Retained profit | € -32,567 | € -42,868 | € -50,322 | € -36,394 | ▲ € 13,928 |
| Bank debt | € 118,989 | € 118,989 | € 49,000 | € 49,000 | |
| Balance sheet total | € 255,717 | € 252,615 | € 484,597 | € 478,525 | ▼ 1% |
Key figures of GLST, 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 GLST?
What happened at GLST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 13,928. filed late Source: NBB ↗
- Stephan DEWEL became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 7,308 loss in 2022 to € 13,928 profit in 2025.
Best year ever: 2025, with € 13,928 profit.
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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 GLST is Stephan DEWEL. Stephan DEWEL is also behind MACA CAR.
Directors
According to the 2025 annual accounts
since 2018
Establishments
Establishment units
Physical locations of this company
Rue du Fond des Mays 23
1300 Wavre
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
- 0690.833.208
- VAT number
- BE 0690.833.208
- Registered office
- Rue du Fond des Mays 23, 1300 Wavre
- Names & denominations
- GLST
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 February 2018
- Peppol
- Active · Active since 31 Dec 2025