Financials
Financial year 2025
GLG PROJECTS from Brugge, company number BE1003959106, closed financial year 2025 with a result of € 24,245 after tax. For that financial year GLG PROJECTS recorded a gross margin of € 61,506 and equity of € 105,014. Compared with financial year 2024, the result moved from € 77,768 to € 24,245. The company is profitable. 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 July 27, 2026.
€ 105,014
▲ 30% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 24,245
▼ 69% vs 2024
Profit after tax over the fiscal year.
€ 31,907
▼ 48% 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 € 102,014.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 36,875
▲ 97% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 28,197
€ 16,099 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 105,787
▼ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 31,651
▲ 40% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 102,729 | € 61,506 | ▼ 40% |
| Profit after taxes | € 77,768 | € 24,245 | ▼ 69% |
| Equity | € 80,768 | € 105,014 | ▲ 30% |
| Total debts | € 133,731 | € 165,635 | ▲ 24% |
| Cash | € 61,240 | € 31,907 | ▼ 48% |
| Retained profit | € 77,768 | € 102,014 | ▲ 31% |
| Bank debt | € 0 | € 28,197 | |
| Balance sheet total | € 214,499 | € 270,649 | ▲ 26% |
Key figures of GLG PROJECTS, fiscal years 2024 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 GLG PROJECTS?
What happened at GLG PROJECTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 24,245 (▼ 69% vs 2024). Source: NBB ↗
- New establishment in Brugge. KBO
- Ionut Gavrilovici became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 77,768 profit in 2024 to € 24,245 profit in 2025.
Paid € 29,375 in corporate taxes since 2024.
Best year ever: 2024, with € 77,768 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind GLG PROJECTS is Ionut Gavrilovici.
Directors
According to the 2025 annual accounts
Ionut Gavrilovici
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Westhinderstraat 23
8380 Brugge
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
ROMARG, RO
Website info
Features
Security
Details
- Company number
- 1003.959.106
- VAT number
- BE 1003.959.106
- Registered office
- Westhinderstraat 23, 8380 Brugge
- Names & denominations
- GLG PROJECTS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 December 2023
- Peppol
- Active · Active since 9 Oct 2025
- Contact
- glgprojects.be
- Activities · NACE
Overige gespecialiseerde bouwactiviteiten, neg
Overige gespecialiseerde bouwwerkzaamheden
Overige werkzaamheden in verband met de afwerking van gebouwen
Overige bouwinstallatie
Overige bouwinstallatie, n.e.g.