Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 27.7 to 23.2.
Financials
Financial year 2024
INDUSTRIAL GLASS PROCESSING from Hoogstraten, company number BE0771543542, closed financial year 2024 with a result of € -16,542 after tax. For that financial year INDUSTRIAL GLASS PROCESSING recorded revenue of € 11.2 million and equity of € 1.1 million. Compared with financial year 2023, the result moved from € 761,835 to € -16,542. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on November 14, 2025.
€ 1.1 million
▼ 3% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -16,542
▼ still € 761,835 profit in 2023
Profit after tax over the fiscal year.
€ 306,682
▼ 39% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1 million.
People and assets in 2024
23.2
▼ 2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 1.4 million
▼ 3% vs 2023
€ 60,300 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.
€ 994,928
▼ 6% vs 2023
Of which on lease € 941,893.
Debts at end 2024
€ 2.2 million
▲ 169% vs 2023
€ 443,640 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 1.4 million
▲ 13% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 150,531
▼ 27% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 11,580,329 | € 11,224,711 | ▼ 3% |
| Gross margin | € 1,690,869 | € 2,313,846 | € 2,837,380 | € 2,157,661 | ▼ 24% |
| Profit after taxes | € -149,717 | € 83,539 | € 761,835 | € -16,542 | ▼ € 778,378 |
| Equity | € 420,482 | € 504,020 | € 1,185,856 | € 1,146,986 | ▼ 3% |
| Total debts | € 4,202,828 | € 3,408,455 | € 3,537,658 | € 4,088,256 | ▲ 16% |
| Cash | € 307,823 | € 544,115 | € 501,994 | € 306,682 | ▼ 39% |
| Retained profit | € 355,482 | € 439,020 | € 1,120,856 | € 1,020,786 | ▼ 9% |
| Dividend | € 0 | € 0 | € 80,000 | € 83,527 | ▲ 4% |
| Bank debt | € 1,548,457 | € 1,186,011 | € 806,882 | € 2,174,238 | ▲ 169% |
| Balance sheet total | € 4,623,309 | € 3,912,475 | € 4,723,514 | € 5,235,243 | ▲ 11% |
| Employees (FTE) | 10.9 | 27.7 | 25.2 | 23.2 | ▼ 2 |
Key figures of INDUSTRIAL GLASS PROCESSING, 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 INDUSTRIAL GLASS PROCESSING?
What happened at INDUSTRIAL GLASS PROCESSING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Resiglass NV stepped down as director. NBB
- Sanbo BV stepped down as director. NBB
- Christophe Vergnaud stepped down as director. NBB
- Christine Riou stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 16,542 (▼ € 778,378 vs 2023). filed late Source: NBB ↗
- Resiglass NV became a director. NBB
- Sanbo BV became a director. NBB
- Christophe Vergnaud became a director. NBB
In short
From € 149,717 loss in 2021 to € 16,542 loss in 2024.
Paid € 2,236 in corporate taxes since 2021.
Best year ever: 2023, with € 761,835 profit.
On average € 93,000 of value added per employee in 2024.
A new publication or filing at INDUSTRIAL GLASS PROCESSING? 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 GLASS INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
INDUSTRIAL GLASS PROCESSINGThe shares are held by GLASS INVEST (100%).
Directors
According to the 2024 annual accounts
Managing director · represented by Geert De Landtsheer
Also active at: EUROGLAS - DE LANDTSHEER, JET - CAR, Flora World, ALSIC, SAFETYGLASS, IGP Immo, GLASS INVEST, GLASS TRANSPORT +7 more
since 2022 · until 2028
since 2022 · until 2028
since 2022 · until 2028
Managing director · represented by Frederik De Knijf
Also active at: EUROGLAS - DE LANDTSHEER, SAFETYGLASS, IGP Immo, Euroglas Immo, H² ESTATE, SAFETYGLASS IMMO, INTERNATIONAL GLASS FITTINGS EUROPE
since 2023 · until 2029
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Riyadhstraat 28
2321 Hoogstraten
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0771.543.542
- VAT number
- BE 0771.543.542
- Registered office
- Riyadhstraat 28, 2321 Hoogstraten
- Names & denominations
- INDUSTRIAL GLASS PROCESSING · IGP
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 July 2021
- Peppol
- Active · Active since 4 Nov 2025
- Activities · NACE
Vormen en bewerken van vlakglas
Glaszetten
Vervaardiging en bewerking van overig glas, inclusief technisch glaswerk
Vervaardiging en bewerking van ander glas (inclusief technisch glaswerk)