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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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Busy address KBO
38 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Glaszwaan from Elsene, company number BE0773990912, closed financial year 2025 with a result of € 519,146 after tax. For that financial year Glaszwaan recorded a gross margin of € 1.5 million and equity of € 3.1 million. Compared with financial year 2024, the result moved from € 272,625 to € 519,146. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 23, 2026.
€ 3.1 million
▲ 20% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 519,146
▲ 90% vs 2024
Profit after tax over the fiscal year.
€ 334,577
▼ 7% 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 € 1.9 million.
Debts at end 2025
€ 16.2 million
▼ 2% vs 2024
Loans from banks and other lenders, long and short.
€ 78,611
▼ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,526
▼ 23% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,398,972 | € 1,418,712 | € 1,380,216 | € 1,542,310 | ▲ 12% |
| Profit after taxes | € 688,434 | € 348,216 | € 272,625 | € 519,146 | ▲ 90% |
| Equity | € 1,934,450 | € 2,282,666 | € 2,555,291 | € 3,074,437 | ▲ 20% |
| Total debts | € 20,587,364 | € 17,424,849 | € 16,878,618 | € 16,478,752 | ▼ 2% |
| Cash | € 210,271 | € 285,324 | € 359,885 | € 334,577 | ▼ 7% |
| Land & buildings | € 8,487,730 | € 8,240,047 | € 8,056,427 | € 7,837,554 | ▼ 3% |
| Retained profit | € 764,450 | € 1,112,666 | € 1,385,291 | € 1,904,437 | ▲ 37% |
| Dividend | € 1,800,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 18,526,443 | € 17,000,000 | € 16,575,847 | € 16,224,403 | ▼ 2% |
| Balance sheet total | € 22,521,814 | € 19,707,515 | € 19,433,908 | € 19,553,188 | ▲ 1% |
Key figures of Glaszwaan, 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 Glaszwaan?
What happened at Glaszwaan in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 519,146 (▲ 90% vs 2024). Source: NBB ↗
- Prowinko Belgie BV became a director. NBB
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 688,434 profit in 2022 to € 519,146 profit in 2025.
Paid € 622,471 in corporate taxes since 2022.
Best year ever: 2022, with € 688,434 profit.
Paid out € 1.8 million in dividends to the owners in total.
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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 Glaszwaan is Prowinko Belgie BV. Prowinko Belgie BV is also behind Veldstraat 70 Gent, Diamantvalk and Fagotvalk.
Directors
According to the 2025 annual accounts
Director · represented by Max VORST
Also active at: Veldstraat 70 Gent, Diamantvalk, Fagotvalk
since 2023
Establishments
Establishment units
Physical locations of this company
Louizalaan 32 box 15
1050 Elsene
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 38 companies are registered at this address.
All companies at this address →FEDERALE PARTICIPATIE- EN INVESTERINGSMAATSCHAPPIJ
Louiseville
Belgische Uitvoervereniging
Les Maitres Imprimeurs de Belgique
SFPIM International
+33 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
- 0773.990.912
- VAT number
- BE 0773.990.912
- Registered office
- Louizalaan 32 bus 15, 1050 Elsene
- Names & denominations
- Glaszwaan
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 February 1992
- Peppol
- Active · Active since 20 Apr 2026
- Activities · NACE
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