Financials
Financial year 2024
GL Electronics from Farciennes, company number BE0822129141, closed financial year 2024 with a result of € 26,972 after tax. For that financial year GL Electronics recorded a gross margin of € 55,620 and equity of € 74,106. Compared with financial year 2023, the result moved from € 2,082 to € 26,972. 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 September 30, 2025.
€ 74,106
▲ 30% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 26,972
▲ € 24,890 vs 2023
Profit after tax over the fiscal year.
€ 16,534
Cash and bank balances on the last day of the fiscal year.
€ 10,069 paid out
37 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 2,887
▼ 32% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 4,048
▼ 58% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 13,612
▲ 175% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 52,740 | € 29,511 | € 28,162 | € 55,620 | ▲ 98% |
| Profit after taxes | € -3,121 | € 3,061 | € 2,082 | € 26,972 | ▲ € 24,890 |
| Equity | € 52,061 | € 55,121 | € 57,203 | € 74,106 | ▲ 30% |
| Total debts | € 63,839 | € 58,927 | € 33,498 | € 34,896 | ▲ 4% |
| Cash | € 4,198 | € 28,709 | - | € 16,534 | |
| Land & buildings | € 26,103 | € 19,570 | € 13,037 | € 6,504 | ▼ 50% |
| Retained profit | € 45,861 | € 48,921 | € 51,003 | € 67,906 | ▲ 33% |
| Dividend | € 0 | € 0 | € 0 | € 10,069 | |
| Bank debt | € 25,533 | € 14,662 | € 8,679 | € 0 | ▼ 100% |
| Balance sheet total | € 115,899 | € 114,048 | € 90,701 | € 109,001 | ▲ 20% |
Key figures of GL Electronics, 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 GL Electronics?
What happened at GL Electronics in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 26,972 (▲ € 24,890 vs 2023). filed late Source: NBB ↗
- New establishment in Farciennes. KBO
- Start of the company according to the CBE. KBO
- Lino Granato became a director. NBB
In short
From € 3,121 loss in 2021 to € 26,972 profit in 2024.
Paid € 23,555 in corporate taxes since 2021.
Best year ever: 2024, with € 26,972 profit.
Paid out € 10,069 in dividends to the owners in total.
Management
Behind GL Electronics is Lino Granato.
Directors
According to the 2024 annual accounts
Lino Granato
Manager
since 2010
Establishments
Establishment units
Physical locations of this company
Rue Jouay(PIR) 2A
6240 Farciennes
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Mail.com
Hosting
AMAZON-02 - Amazon.com, Inc., US
DNS
OVH DNS
Website info
Features
Security
Network
Details
- Company number
- 0822.129.141
- VAT number
- BE 0822.129.141
- Registered office
- Rue Jouay(PIR) 2A, 6240 Farciennes
- Names & denominations
- GL Electronics
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 January 2010
- Peppol
- Active · Active since 22 Dec 2025
- Contact
- glelectronics.be
- Activities · NACE
Algemene elektrotechnische installatiewerken
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