Financials
Financial year 2025
GLR GROUP from Oostende, company number BE0832762123, closed financial year 2025 with a result of € -2.7 million after tax. For that financial year GLR GROUP recorded a gross margin of € 829,687 and equity of € 9 million. Compared with financial year 2024, the result moved from € 1.1 million to € -2.7 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 28, 2025.
€ 9 million
▼ 23% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.7 million
▼ still € 1.1 million profit in 2024
Profit after tax over the fiscal year.
€ 663,313
▲ 227% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 62,613.
People and assets in 2025
€ 4,139
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 12,632
▼ 86% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 12,465
▼ 76% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 378,633 | € 350,892 | € 1,274,854 | € 829,687 | ▼ 35% |
| Profit after taxes | € 181,229 | € 148,233 | € 1,120,215 | € -2,718,155 | ▼ € 3.8 million |
| Equity | € 10,448,972 | € 10,597,205 | € 11,717,420 | € 8,999,265 | ▼ 23% |
| Total debts | € 2,421,692 | € 2,451,163 | € 926,220 | € 29,098 | ▼ 97% |
| Cash | € 8,062 | € 25,924 | € 203,113 | € 663,313 | ▲ 227% |
| Land & buildings | € 799,061 | € 726,166 | € 653,271 | - | |
| Retained profit | € 1,512,320 | € 1,660,553 | € 2,780,768 | € 62,613 | ▼ 98% |
| Bank debt | € 850,453 | € 749,489 | € 659,345 | € 0 | ▼ 100% |
| Balance sheet total | € 12,870,664 | € 13,048,368 | € 12,643,640 | € 9,028,363 | ▼ 29% |
Key figures of GLR GROUP, 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 October 2026.
What happened to GLR GROUP?
What happened at GLR GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2.7 million (▼ € 3.8 million vs 2024). Source: NBB ↗
- New establishment in Oostende. KBO
- Start of the company according to the CBE. KBO
In short
From € 181,229 profit in 2022 to € 2.7 million loss in 2025.
Paid € 131,976 in corporate taxes since 2022.
Best year ever: 2024, with € 1.1 million profit.
Management
Behind GLR GROUP are Marianne NUYTTENS and Stefaan DELABIE. It owns 100% of 'T KLUIZEBOS NV and 99.7% of BIO-ELECTRIC BV itself.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Northlaan 15 box 701
8400 Oostende
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0832.762.123
- VAT number
- BE 0832.762.123
- Registered office
- Northlaan 15 bus 701, 8400 Oostende
- Names & denominations
- GLR GROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 January 2011
- Peppol
- Active · Active since 9 Dec 2025
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