Financials
Financial year 2025
GL-INC from Knokke-Heist, company number BE0795174821, closed financial year 2025 with a result of € 10,853 after tax. For that financial year GL-INC recorded a gross margin of € 14,969 and equity of € 69,263. Compared with financial year 2024, the result moved from € 10,284 to € 10,853. Profitable, and profit is growing. 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 April 7, 2026.
€ 69,263
▲ 19% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 10,853
▲ 6% vs 2024
Profit after tax over the fiscal year.
€ 146
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 64,263.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 9,864
▲ 150% vs 2024
Loans from banks and other lenders, long and short.
€ 14,587
▼ 62% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,548
▲ 1% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 55,940 | € 15,908 | € 14,969 | ▼ 6% |
| Profit after taxes | € 43,126 | € 10,284 | € 10,853 | ▲ 6% |
| Equity | € 48,126 | € 58,410 | € 69,263 | ▲ 19% |
| Total debts | € 22,470 | € 46,270 | € 28,000 | ▼ 39% |
| Cash | € 146 | € 146 | € 146 | |
| Retained profit | € 43,126 | € 53,410 | € 64,263 | ▲ 20% |
| Bank debt | € 6,524 | € 3,938 | € 9,864 | ▲ 150% |
| Balance sheet total | € 70,596 | € 104,679 | € 97,263 | ▼ 7% |
Key figures of GL-INC, fiscal years 2023 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 GL-INC?
What happened at GL-INC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 10,853 (▲ 6% vs 2024). Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Knokke-Heist. KBO
- Glenn Lievens became a director. NBB
In short
From € 43,126 profit in 2023 to € 10,853 profit in 2025.
Paid € 18,214 in corporate taxes since 2023.
Best year ever: 2023, with € 43,126 profit.
Management
Behind GL-INC is Glenn Lievens.
Directors
According to the 2025 annual accounts
Glenn Lievens
Director
since 2022
Establishments
Establishment units
Physical locations of this company
Cipressenstraat 15
8300 Knokke-Heist
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- Glenn Robert Jozef LIEVENS(oprichter) 100%
Details
- Company number
- 0795.174.821
- VAT number
- BE 0795.174.821
- Registered office
- Cipressenstraat 15, 8300 Knokke-Heist
- Names & denominations
- GL-INC
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 December 2022
- Peppol
- Active · Active since 5 Feb 2026
- Activities · NACE
Algemene elektrotechnische installatiewerken
Elektrotechnische installatiewerken van nijverheidsinrichtingen
Beveiligingsactiviteiten, neg
Bouw van civieltechnische werken voor elektriciteit en telecommunicatie
Diensten in verband met de luchtvaart
Diensten in verband met beveiligingssystemen