ACTIVE

GLUECOM

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Financial year 2025 · closed on 31/12/2025

Net result

1,6 M €

+28.4% YoY

Revenue

18,5 M €

-2.6% YoY

Equity

4 M €

0.0% YoY

Workforce

28,3 ETP

-7.8% YoY

What does GLUECOM do?

GLUECOM is a Public limited company incorporated in 1979. Its registered office is in Lokeren. It employs on average 28,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0419.107.009

Incorporation

19/01/1979

Legal form

Public limited company

Registered office

Waterstraat 6
9160 Lokeren · FlandreSee on map

Contributed capital

625 400,00 €

Latest accounts

31/12/2025

Average workforce

28,3 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	18,5 M €	-2.6%	19 M €	+14.9%	16,6 M €	+3.0%	16,1 M €	+19.0%	13,5 M €	+30.1%	10,4 M €	-8.9%	11,4 M €	+3.9%	11 M €	-4.3%	11,5 M €	+2.6%	11,2 M €	+4.9%	10,6 M €	-0.7%	10,7 M €	+1.4%	10,6 M €	+1.0%	10,5 M €	-3.5%	10,9 M €	+0.8%	10,8 M €	+5.2%	10,2 M €	-19.7%	12,7 M €	+1.5%	12,5 M €
EBITDA	3 M €	+33.6%	2,2 M €	+99.4%	1,1 M €	-0.2%	1,1 M €	+16.1%	970,7 k €	+127%	428,3 k €	+26.4%	338,9 k €	-1.9%	345,5 k €	-55.9%	782,8 k €	+0.4%	779,3 k €	+19.3%	652,9 k €	-34.8%	1 M €	+90.5%	525,6 k €	+142%	217,3 k €	-50.9%	442,6 k €	-24.5%	586,3 k €	+72.8%	339,4 k €	-60.0%	849 k €	-18.3%	1 M €
Operating result	2,3 M €	+23.8%	1,9 M €	+140%	778,4 k €	-21.4%	990,4 k €	+53.8%	644,1 k €	+169%	239,1 k €	+32.5%	180,5 k €	+21.8%	148,2 k €	-68.6%	471,4 k €	-22.8%	610,7 k €	+50.0%	407,1 k €	-47.6%	776,6 k €	+155%	304,5 k €	+314%	-142 k €	-185%	166,1 k €	-12.4%	189,6 k €	+491%	-48,5 k €	-112%	421 k €	-39.8%	699,6 k €
Net result	1,6 M €	+28.4%	1,2 M €	+171%	454,2 k €	-35.4%	702,6 k €	+57.3%	446,7 k €	+263%	123,1 k €	+71.4%	71,9 k €	+40.6%	51,1 k €	-77.4%	226 k €	-57.0%	525,3 k €	+44.9%	362,6 k €	-42.8%	634,1 k €	+320%	150,8 k €	+146%	-329,3 k €	+78.6%	-1,5 M €	-5052%	31 k €	+116%	-197,7 k €	-7.9%	-183,3 k €	-155%	330,8 k €
Balance sheet
Equity	4 M €	0.0%	4 M €	+0.5%	4 M €	+6.1%	3,8 M €	+2.8%	3,6 M €	+31.0%	2,8 M €	+4.6%	2,7 M €	+2.8%	2,6 M €	+2.0%	2,5 M €	+0.0%	2,5 M €	+26.1%	2 M €	+21.9%	1,7 M €	+62.3%	1 M €	+17.4%	867,5 k €	-27.5%	1,2 M €	-29.8%	1,7 M €	+1.9%	1,7 M €	-10.6%	1,9 M €	+17.6%	1,6 M €
Total assets	10,1 M €	+1.4%	10 M €	-6.9%	10,7 M €	+12.8%	9,5 M €	+18.4%	8 M €	+22.8%	6,5 M €	+8.6%	6 M €	+0.0%	6 M €	+10.2%	5,5 M €	+5.3%	5,2 M €	+10.7%	4,7 M €	-21.6%	6 M €	+2.2%	5,8 M €	-8.4%	6,4 M €	-2.3%	6,5 M €	-16.6%	7,8 M €	-13.8%	9,1 M €	-6.5%	9,7 M €	+18.7%	8,2 M €
Cash	364,2 k €	-4.4%	380,9 k €	+78.0%	214 k €	-49.8%	425,9 k €	+15.0%	370,4 k €	+53.6%	241,1 k €	+5.1%	229,4 k €	-10.3%	255,8 k €	-43.5%	453 k €	+243%	132,1 k €	-73.9%	506,7 k €	+532%	80,2 k €	-50.3%	161,3 k €	-34.6%	246,8 k €	+83.2%	134,8 k €	-59.5%	332,4 k €	-0.3%	333,5 k €	-49.7%	662,7 k €	+35.7%	488,4 k €
Debts	5,9 M €	+1.7%	5,8 M €	-10.9%	6,5 M €	+18.0%	5,5 M €	+33.3%	4,1 M €	+12.0%	3,7 M €	+11.6%	3,3 M €	-2.4%	3,4 M €	+17.0%	2,9 M €	+9.9%	2,6 M €	+3.6%	2,5 M €	-39.4%	4,2 M €	-13.1%	4,8 M €	-11.8%	5,4 M €	+2.6%	5,3 M €	-13.0%	6,1 M €	-17.3%	7,4 M €	-5.5%	7,8 M €	+20.2%	6,5 M €
Other
Workforce	28,3 ETP	-7.8%	30,7 ETP	+21.3%	25,3 ETP	+4.5%	24,2 ETP	-8.7%	26,5 ETP	+2.7%	25,8 ETP	+0.4%	25,7 ETP	+1.2%	25,4 ETP	-1.2%	25,7 ETP	-1.9%	26,2 ETP	+2.7%	25,5 ETP	+4.9%	24,3 ETP	-3.6%	25,2 ETP	-6.7%	27,0 ETP	-5.9%	28,7 ETP	-4.3%	30,0 ETP	-8.8%	32,9 ETP	-2.7%	33,8 ETP	+6.0%	31,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 36 ended

Active mandates

Dam 122

Managing director · since 07 juillet 2023 · until 26 avril 2029 · 0834.188.914

Represented by Xavier DESIMPEL

Active

Kathy DEMUYNCK

Director · since 07 juillet 2023 · until 06 avril 2029

Active

Pilobe

Managing director · since 07 juillet 2023 · until 06 avril 2029 · 0677.776.711

Represented by Louis PIETTE

Active

Ended mandates

Pilobe

Managing director · since 07 avril 2024 · until 07 avril 2029 · 0677.776.711

Represented by Louis PIETTE

Ended

Dam 122

Managing director · since 07 juillet 2023 · until 06 avril 2029 · 0834.188.914

Represented by Xavier DESIMPEL

Ended

Dam 122

Managing director · since 07 avril 2023 · until 07 avril 2029 · 0834.188.914

Represented by Xavier DESIMPEL

Ended

Kathy DEMUYNCK

Director · since 07 avril 2023 · until 07 avril 2029

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/08/2026	28/07/2025	13/07/2024	30/08/2023	27/07/2022	17/05/2021
General meeting	30/06/2026	18/06/2025	07/06/2024	07/07/2023	07/07/2022	14/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	29/08/2026	Dutch	PDF
Full model	31/12/2024	18/06/2025	28/07/2025	Dutch	PDF
Full model	31/12/2023	07/06/2024	13/07/2024	Dutch	PDF
Full model	31/12/2022	07/07/2023	30/08/2023	Dutch	PDF
Full model	31/12/2021	07/07/2022	27/07/2022	Dutch	PDF
Full model	31/12/2020	14/05/2021	17/05/2021	Dutch	PDF
Full model	31/12/2019	19/06/2020	07/07/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	03/07/2019	Dutch	PDF
Full model	31/12/2017	08/06/2018	26/06/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	13/07/2017	Dutch	PDF
Full model	31/12/2015	22/04/2016	13/05/2016	Dutch	PDF
Full model	31/12/2014	08/05/2015	27/05/2015	Dutch	PDF
Full model	31/12/2013	23/05/2014	11/06/2014	Dutch	PDF
Full model	31/12/2012	28/06/2013	29/07/2013	Dutch	PDF
Full model	31/12/2011	16/07/2012	19/07/2012	Dutch	PDF
Full model	31/12/2010	16/05/2011	26/05/2011	Dutch	PDF
Full model	31/12/2009	30/06/2010	25/08/2010	Dutch	PDF
Full model	31/12/2008	30/06/2009	23/07/2009	Dutch	PDF
Full model	31/12/2007	30/06/2008	22/08/2008	Dutch	PDF
Full model	31/12/2006	27/07/2007	31/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 36 ended

Active mandates

Dam 122

Managing director · since 07 juillet 2023 · until 26 avril 2029 · 0834.188.914

Represented by Xavier DESIMPEL

Active

Kathy DEMUYNCK

Director · since 07 juillet 2023 · until 06 avril 2029

Active

Pilobe

Managing director · since 07 juillet 2023 · until 06 avril 2029 · 0677.776.711

Represented by Louis PIETTE

Active

Ended mandates

Pilobe

Managing director · since 07 avril 2024 · until 07 avril 2029 · 0677.776.711

Represented by Louis PIETTE

Ended

Dam 122

Managing director · since 07 juillet 2023 · until 06 avril 2029 · 0834.188.914

Represented by Xavier DESIMPEL

Ended

Dam 122

Managing director · since 07 avril 2023 · until 07 avril 2029 · 0834.188.914

Represented by Xavier DESIMPEL

Ended

Kathy DEMUYNCK

Director · since 07 avril 2023 · until 07 avril 2029

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/02/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/02/2021
ONTSLAGEN - BENOEMINGEN - DIVERSEN
PDF
Mandates28/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/02/2018
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20251,6 M €↑
2024
Annual accounts 20241,2 M €↑
2023
Annual accounts 2023454,2 k €↓
2022
Annual accounts 2022702,6 k €↑
2021
Annual accounts 2021446,7 k €↑
2020
Annual accounts 2020123,1 k €↑
2019
Annual accounts 201971,9 k €↑
2018
Annual accounts 201851,1 k €↓
2017
Annual accounts 2017226 k €↓
2016
Annual accounts 2016525,3 k €↑
2015
Annual accounts 2015362,6 k €↓
2014
Annual accounts 2014634,1 k €↑
2013
Annual accounts 2013150,8 k €↑
2012
Annual accounts 2012-329,3 k €↑
2011
Annual accounts 2011-1,5 M €↓
2010
Annual accounts 201031 k €↑
2009
Annual accounts 2009-197,7 k €↓
2008
Annual accounts 2008-183,3 k €↓
2007
Annual accounts 2007330,8 k €
19/01/1979
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

GLUECOM

Overview

What does GLUECOM do?

Trend over 19 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline