Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ETANGS DE GLABAIS from Genappe, company number BE0758680946, closed financial year 2025 with a result of € -17,720 after tax. For that financial year ETANGS DE GLABAIS recorded a gross margin of € -14,023 and equity of € -32,567. Compared with financial year 2024, the result moved from € -26,092 to € -17,720. The company made a loss. 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 March 30, 2026.
€ -32,567
▼ € 17,720 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -17,720
▲ 32 % less loss than in 2024
Profit after tax over the fiscal year.
€ 3,392
▼ 87% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -92,567.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 27
▼ 47% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -22,948 | € -15,372 | € -23,463 | € -14,023 | ▲ € 9,440 |
| Profit after taxes | € -23,710 | € -16,031 | € -26,092 | € -17,720 | ▲ € 8,372 |
| Equity | € 27,276 | € 11,245 | € -14,847 | € -32,567 | ▼ € 17,720 |
| Total debts | € 204,210 | € 199,789 | € 199,818 | € 219,794 | ▲ 10% |
| Cash | € 81,735 | € 49,552 | € 25,856 | € 3,392 | ▼ 87% |
| Retained profit | € -32,724 | € -48,755 | € -74,847 | € -92,567 | ▼ € 17,720 |
| Balance sheet total | € 231,485 | € 211,034 | € 184,971 | € 187,227 | ▲ 1% |
Key figures of ETANGS DE GLABAIS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to ETANGS DE GLABAIS?
What happened at ETANGS DE GLABAIS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 17,720. Source: NBB ↗
- New establishment in Genappe. KBO
- Gilles VERHULST became a director. NBB
- Alexandre COFFE became a director. NBB
- Nicolas BARSAMIAN became a director. NBB
- Nicolas COFFE became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 23,710 loss in 2022 to € 17,720 loss in 2025.
Management
Behind ETANGS DE GLABAIS are Gilles VERHULST, Alexandre COFFE, Nicolas BARSAMIAN and Nicolas COFFE. Gilles VERHULST is also behind Y.STORE.Y. Nicolas BARSAMIAN is also behind CENJAL HOLDING BELGIUM.
Directors
According to the 2025 annual accounts
since 2020
Alexandre COFFE
Director
since 2020
since 2020
Nicolas COFFE
Director
since 2020
Establishments
Establishment units
Physical locations of this company
Haute Rue 1
1473 Genappe
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
- 0758.680.946
- VAT number
- BE 0758.680.946
- Registered office
- Haute Rue 1, 1473 Genappe
- Names & denominations
- ETANGS DE GLABAIS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 November 2020
- Peppol
- Active · Active since 16 Dec 2024
- Contact
- [email protected] 0472636014
- Activities · NACE
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