Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
GLASCENTRALE from Wevelgem, company number BE0859823044, closed financial year 2025 with a result of € -49,137 after tax. For that financial year GLASCENTRALE recorded a gross margin of € 1.4 million and equity of € 1.7 million. Compared with financial year 2024, the result moved from € -49,378 to € -49,137. 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 July 14, 2026.
€ 1.7 million
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -49,137
Profit after tax over the fiscal year.
€ 407,190
▲ 133% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 386,766.
People and assets in 2025
19.5
▲ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.4 million
▲ 13% vs 2024
€ 69,700 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.
€ 297,181
▲ 13% vs 2024
Of which on lease € 151,085.
Debts at end 2025
€ 56,538
▼ 51% vs 2024
€ 44,947 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 110,895
▲ 38% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 12,551
▼ 23% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,644,278 | € 1,631,681 | € 1,264,166 | € 1,420,838 | ▲ 12% |
| Profit after taxes | € 146,996 | € 99,314 | € -49,378 | € -49,137 | |
| Equity | € 2,078,566 | € 2,177,880 | € 1,768,502 | € 1,719,366 | ▼ 3% |
| Total debts | € 529,219 | € 333,290 | € 214,381 | € 186,165 | ▼ 13% |
| Cash | € 598,417 | € 852,471 | € 174,534 | € 407,190 | ▲ 133% |
| Retained profit | € 385,966 | € 485,280 | € 435,902 | € 386,766 | ▼ 11% |
| Dividend | € 50,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 217,906 | € 154,218 | € 114,523 | € 56,538 | ▼ 51% |
| Balance sheet total | € 2,607,785 | € 2,511,170 | € 1,982,883 | € 1,905,530 | ▼ 4% |
| Employees (FTE) | 22.8 | 20.5 | 19 | 19.5 | ▲ 0.5 |
Key figures of GLASCENTRALE, 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 GLASCENTRALE?
What happened at GLASCENTRALE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 49,137. Source: NBB ↗
- New establishment in Wevelgem. KBO
- Start of the company according to the CBE. KBO
In short
From € 146,996 profit in 2022 to € 49,137 loss in 2025.
Paid € 68,541 in corporate taxes since 2022.
Best year ever: 2022, with € 146,996 profit.
On average € 72,900 of value added per employee in 2025.
Management
Behind GLASCENTRALE are Yannick DESMET, Sandy DESMET and IMMODES NV. Yannick DESMET is also behind IMMODES and ARLI. Sandy DESMET is also behind IMMODES and ARLI.
Directors
According to the 2025 annual accounts
Director · represented by COULIE Anne-Marie
Establishments
Establishment units
Physical locations of this company
Kortrijkstraat 236
8560 Wevelgem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0859.823.044
- VAT number
- BE 0859.823.044
- Registered office
- Kortrijkstraat 236, 8560 Wevelgem
- Names & denominations
- GLASCENTRALE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 July 2003
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Glaszetten
Vervaardiging van vlakglas