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 23 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Glenn Le Rycke from Gent, company number BE0865344324, closed financial year 2025 with a result of € 40,306 after tax. For that financial year Glenn Le Rycke recorded a gross margin of € 180,644 and equity of € 148,910. Compared with financial year 2024, the result moved from € 23,266 to € 40,306. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.
€ 148,910
▲ 37% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 40,306
▲ 73% vs 2024
Profit after tax over the fiscal year.
€ 43,764
▲ 61% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 130,310.
People and assets in 2025
€ 125,025
▼ 12% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 739,186
▲ 21% vs 2024
€ 93,758 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 389
▼ 88% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 46,709
▲ 28% 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 | € 99,622 | € 158,257 | € 129,216 | € 180,644 | ▲ 40% |
| Profit after taxes | € 6,060 | € 42,243 | € 23,266 | € 40,306 | ▲ 73% |
| Equity | € 53,094 | € 95,337 | € 108,603 | € 148,910 | ▲ 37% |
| Total debts | € 1,114,737 | € 1,087,561 | € 947,536 | € 850,075 | ▼ 10% |
| Cash | € 16,531 | € 12,923 | € 27,148 | € 43,764 | ▲ 61% |
| Land & buildings | € 1,002,888 | € 951,143 | € 875,540 | € 825,098 | ▼ 6% |
| Retained profit | € 34,494 | € 76,737 | € 90,003 | € 130,310 | ▲ 45% |
| Dividend | € 0 | € 0 | € 10,000 | € 0 | ▼ 100% |
| Bank debt | € 719,199 | € 641,155 | € 610,107 | € 739,186 | ▲ 21% |
| Balance sheet total | € 1,167,831 | € 1,182,898 | € 1,056,139 | € 998,984 | ▼ 5% |
Key figures of Glenn Le Rycke, 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 Glenn Le Rycke?
What happened at Glenn Le Rycke in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 40,306 (▲ 73% vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 6,060 profit in 2022 to € 40,306 profit in 2025.
Paid € 49,836 in corporate taxes since 2022.
Best year ever: 2023, with € 42,243 profit.
Paid out € 10,000 in dividends to the owners in total.
Management
Behind Glenn Le Rycke is Glenn Le Rycke. Glenn Le Rycke is also behind BuildConcept – Algemene Bouwwerken.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Booiebos 35 box A
9031 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0865.344.324
- VAT number
- BE 0865.344.324
- Registered office
- Booiebos 35 bus A, 9031 Gent
- Names & denominations
- Glenn Le Rycke
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 May 2004
- Peppol
- Active · Active since 8 Oct 2025
- Activities · NACE
Algemene bouw van residentiële gebouwen
Bouwen van individuele huizen
Plaatsen van vloer- en wandtegels