Financials
Financial year 2025
Glass4Wheels from Kortrijk, company number BE0759960653, closed financial year 2025 with a result of € 139,853 after tax. For that financial year Glass4Wheels recorded a gross margin of € 1.1 million and equity of € 459,405. Compared with financial year 2024, the result moved from € 152,455 to € 139,853. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 28, 2026.
€ 459,405
▲ 44% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 139,853
▼ 8% vs 2024
Profit after tax over the fiscal year.
€ 60,718
▼ 61% 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 € 449,405.
People and assets in 2025
10.8
▲ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 840,680
▲ 18% vs 2024
€ 77,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 125,503
▲ 178% vs 2024
Of which on lease € 66,808.
Debts at end 2025
€ 178,398
▼ 16% vs 2024
€ 26,646 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 160,421
▲ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 186,256
▲ 6% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 538,780 | € 737,483 | € 955,577 | € 1,103,789 | ▲ 16% |
| Profit after taxes | € 89,696 | € 101,299 | € 152,455 | € 139,853 | ▼ 8% |
| Equity | € 65,797 | € 167,096 | € 319,551 | € 459,405 | ▲ 44% |
| Total debts | € 277,256 | € 426,350 | € 534,712 | € 542,657 | ▲ 1% |
| Cash | € 31,977 | € 29,373 | € 154,753 | € 60,718 | ▼ 61% |
| Retained profit | € 55,797 | € 157,096 | € 309,551 | € 449,405 | ▲ 45% |
| Dividend | € 20,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 80,000 | € 48,000 | € 213,410 | € 178,398 | ▼ 16% |
| Balance sheet total | € 343,053 | € 593,447 | € 854,263 | € 1,002,062 | ▲ 17% |
| Employees (FTE) | - | - | 10.3 | 10.8 | ▲ 0.5 |
Key figures of Glass4Wheels, 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 Glass4Wheels?
What happened at Glass4Wheels in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 139,853 (▼ 8% vs 2024). Source: NBB ↗
- JB BV became a director. NBB
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
- Desmet & Engels BV became a director. NBB
In short
From € 89,696 profit in 2022 to € 139,853 profit in 2025.
Paid € 168,044 in corporate taxes since 2022.
Best year ever: 2024, with € 152,455 profit.
On average € 102,200 of value added per employee in 2025.
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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 DESMET & ENGELS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Glass4WheelsBehind Glass4Wheels are Desmet & Engels BV and JB BV. The shares are held by DESMET & ENGELS (50%).
Directors
According to the 2025 annual accounts
Director · represented by Engels Charlotte
Also active at: DUMET, TECHNICAL POINT
since 2020
Director · represented by Brunclair Joeri
since 2025
Shareholders
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Steenbakkersstraat(Kor) 34
8500 Kortrijk
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
- 0759.960.653
- VAT number
- BE 0759.960.653
- Registered office
- Steenbakkersstraat(Kor) 34, 8500 Kortrijk
- Names & denominations
- Glass4Wheels
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 December 2020
- Peppol
- Active · Active since 4 Nov 2025
- Activities · NACE
Reparatie en montage van specifieke auto-onderdelen
Onderhoud en reparatie van motorvoertuigen, neg
Onderhoud en reparatie van motorvoertuigen, n.e.g.
Groothandel in delen en toebehoren van motorvoertuigen
Handelsbemiddeling en groothandel in onderdelen en accessoires van motorvoertuigen