Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 28 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
INTERNATIONAL GLASS FITTINGS EUROPE from Bornem, company number BE0835160102, closed financial year 2025 with a result of € -65,648 after tax. For that financial year INTERNATIONAL GLASS FITTINGS EUROPE recorded revenue of € 6 million and equity of € 207,488. Compared with financial year 2024, the result moved from € 130,009 to € -65,648. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 19, 2026.
€ 207,488
▼ 24% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -65,648
▼ still € 130,009 profit in 2024
Profit after tax over the fiscal year.
€ 53,626
▼ 37% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -192,512.
People and assets in 2025
2
Average over the fiscal year, from the social balance sheet.
€ 156,980
▲ 1% vs 2024
€ 78,500 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.
€ 72,290
▼ 27% vs 2024
Of which on lease € 69,027.
Debts at end 2025
€ 972,798
▼ 61% vs 2024
€ 24,077 is repaid this year. At this pace the long-term loan is gone in ≈ 40 years.
€ 1.3 million
▲ 38% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 54,725
▼ 35% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 1,863,150 | € 6,734,213 | € 5,990,952 | ▼ 11% |
| Gross margin | € 361,187 | € 194,641 | € 248,889 | € 264,769 | ▲ 6% |
| Profit after taxes | € -158,569 | € -234,152 | € 130,009 | € -65,648 | ▼ € 195,657 |
| Equity | € 377,280 | € 143,128 | € 273,137 | € 207,488 | ▼ 24% |
| Total debts | € 781,232 | € 2,958,295 | € 3,498,258 | € 2,307,314 | ▼ 34% |
| Cash | € 62,265 | € 51,471 | € 85,084 | € 53,626 | ▼ 37% |
| Retained profit | € -22,720 | € -256,872 | € -126,863 | € -192,512 | ▼ € 65,648 |
| Bank debt | € 223,476 | € 2,419,389 | € 2,482,457 | € 972,798 | ▼ 61% |
| Balance sheet total | € 1,158,512 | € 3,101,423 | € 3,771,395 | € 2,514,803 | ▼ 33% |
| Employees (FTE) | 2.3 | 2 | 2 | 2 |
Key figures of INTERNATIONAL GLASS FITTINGS EUROPE, 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 INTERNATIONAL GLASS FITTINGS EUROPE?
What happened at INTERNATIONAL GLASS FITTINGS EUROPE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jean-Marc Aubault stepped down as director. NBB
- Resiglass NV stepped down as director. NBB
- Sanbo BV stepped down as director. NBB
- Christine Riou stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 65,648 (▼ € 195,657 vs 2024). filed late Source: NBB ↗
- Jean-Marc Aubault became a director. NBB
- Resiglass NV became a director. NBB
- Sanbo BV became a director. NBB
In short
From € 158,569 loss in 2022 to € 65,648 loss in 2025.
Paid € 1,268 in corporate taxes since 2022.
Best year ever: 2024, with € 130,009 profit.
On average € 132,400 of value added per employee in 2025.
Management
The stake of GLASS INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
INTERNATIONAL GLASS FITTINGS EUROPEThe shares are held by GLASS INVEST (100%). It owns 25% of Renato Fattorini S.R.L. itself.
Directors
According to the 2025 annual accounts
Director · represented by Geert De Landtsheer
Also active at: EUROGLAS - DE LANDTSHEER, JET - CAR, Flora World, ALSIC, SAFETYGLASS, IGP Immo, GLASS INVEST, GLASS TRANSPORT +8 more
since 2022 · until 2028
Christine Riou
Director
since 2022 · until 2028
Jean-Marc Aubault
Director
Also active at: EUROGLAS - DE LANDTSHEER, GLASS INVEST, GLASS TRANSPORT, Euroglas Immo, Resiglass
since 2026 · until 2029
Managing director · represented by Frederik De Knijf
Also active at: EUROGLAS - DE LANDTSHEER, SAFETYGLASS, IGP Immo, Euroglas Immo, INDUSTRIAL GLASS PROCESSING, H² ESTATE, SAFETYGLASS IMMO, Euroglas Villers
since 2023 · until 2029
Shareholders
100%
Participations
Renato Fattorini S.R.L.
25%
Establishments
Establishment units
Physical locations of this company
Puursesteenweg(BOR) 377
2880 Bornem
Puursesteenweg(BOR) 347
2880 Bornem
Active since 5 April 2011
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →EUROGLAS - DE LANDTSHEER same network
€ 23.9 million revenue · 2025
GLASS INVEST same network
€ 0 revenue · 2025
GLASS TRANSPORT same network
€ 447,304 revenue · 2025
Euroglas Immo same network
€ 601,404 revenue · 2025
EDL GROEP
+1 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
- 0835.160.102
- VAT number
- BE 0835.160.102
- Registered office
- Puursesteenweg(BOR) 377, 2880 Bornem
- Names & denominations
- INTERNATIONAL GLASS FITTINGS EUROPE · IGF Europe
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 April 2011
- Peppol
- Active · Active since 20 Aug 2025
- Contact
- [email protected] 0477603415
- Activities · NACE
Groothandel in porselein en glaswerk
Vervaardiging van vlakglas