ACTIVE

CARGLASS

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Financial year 2025 · closed on 31/12/2025

Net result

51,6 M €

-97.5% YoY

Revenue

417,9 M €

+4.9% YoY

Equity

476,4 M €

+12.2% YoY

Workforce

775,0 ETP

+6.4% YoY

What does CARGLASS do?

CARGLASS is a Public limited company incorporated in 1987. Its main activity is: Manufacture of electronic components. Its registered office is in Bilzen-Hoeselt. It employs on average 775,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0432.023.845

Incorporation

18/09/1987

Legal form

Public limited company

Registered office

Kruisbosstraat 5
3740 Bilzen-Hoeselt · FlandreSee on map

Contributed capital

223 228 728,62 €

Latest accounts

31/12/2025

Average workforce

775,0 ETP

Activities (NACE)

26110Manufacture of electronic components· main 45203Maintenance and repair of motor vehicles 50200Sea and coastal freight water transport 95313Repair of computers and personal and household goods 23110Manufacture of flat glass 23110Manufacture of flat glass

Joint committees (4)

100
14902
200
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2013		2011		2010		2009		2008
Income statement
Revenue	417,9 M €	+4.9%	398,3 M €	+13.4%	351,3 M €	+18.7%	295,9 M €	+12.3%	263,5 M €	+22.0%	215,9 M €	-14.0%	251,1 M €	+3.2%	243,3 M €	+5.6%	230,3 M €	+8.0%	213,3 M €	+4.3%	204,4 M €	-3.5%	211,8 M €	+4.2%	203,3 M €	-2.4%	208,4 M €	+24.1%	167,9 M €	+9.9%	152,8 M €
EBITDA	38,9 M €	-13.8%	45,1 M €	+89.3%	23,8 M €	-5.9%	25,3 M €	+10.9%	22,8 M €	+159%	8,8 M €	-49.1%	17,3 M €	+28.0%	13,5 M €	+24.7%	10,8 M €	-10.8%	12,2 M €	-23.8%	16 M €	-12.1%	18,1 M €	-23.6%	23,7 M €	-31.0%	34,4 M €	+112%	16,2 M €	+15.6%	14 M €
Operating result	31,9 M €	-9.3%	35,1 M €	+76.4%	19,9 M €	+97.8%	10,1 M €	-37.4%	16,1 M €	+1302%	1,1 M €	-88.1%	9,6 M €	+30.3%	7,4 M €	+32.4%	5,6 M €	-17.3%	6,7 M €	-31.9%	9,9 M €	-19.3%	12,3 M €	-32.9%	18,3 M €	-38.6%	29,8 M €	+139%	12,5 M €	+9.9%	11,3 M €
Net result	51,6 M €	-97.5%	2 Md €	+639%	276,9 M €	-60.4%	698,5 M €	+4637%	14,7 M €	+177%	-19 M €	-103%	753,8 M €	+13762%	5,4 M €	+468%	957,7 k €	-50.6%	1,9 M €	-53.7%	4,2 M €	-45.8%	7,7 M €	-37.4%	12,3 M €	-40.6%	20,8 M €	-29.4%	29,4 M €	+329%	6,9 M €
Balance sheet
Equity	476,4 M €	+12.2%	424,8 M €	+11.6%	380,5 M €	-77.5%	1,7 Md €	+70.1%	996,2 M €	+1.5%	981,5 M €	-1.9%	1 Md €	+306%	246,7 M €	+2.3%	241,3 M €	+0.4%	240,3 M €	+0.8%	238,4 M €	+1.0%	235,9 M €	-5.4%	249,4 M €	-2.0%	254,5 M €	+0.3%	253,8 M €	+6.0%	239,4 M €
Total assets	583,4 M €	+8.4%	538,4 M €	-30.9%	779,5 M €	-56.1%	1,8 Md €	+60.6%	1,1 Md €	+0.8%	1,1 Md €	-6.0%	1,2 Md €	+168%	435,3 M €	+12.1%	388,4 M €	+8.2%	359 M €	+3.0%	348,4 M €	+22.7%	284 M €	+0.0%	283,9 M €	-3.0%	292,7 M €	-4.3%	305,9 M €	+7.7%	284,1 M €
Cash	1,7 M €	+16.2%	1,4 M €	-61.7%	3,7 M €	+53.6%	2,4 M €	+82.5%	1,3 M €	+114%	620,7 k €	-99.9%	728,3 M €	+176832%	411,6 k €	-27.4%	567,2 k €	+175%	206,3 k €	-65.1%	590,6 k €	-76.9%	2,6 M €	-82.4%	14,6 M €	-52.9%	30,9 M €	+632%	4,2 M €	-44.9%	7,7 M €
Debts	97,9 M €	-8.4%	106,9 M €	-72.9%	394,8 M €	+450%	71,8 M €	-33.7%	108,3 M €	-1.2%	109,6 M €	-31.8%	160,7 M €	-11.3%	181,3 M €	+28.5%	141,1 M €	+24.8%	113,1 M €	+7.9%	104,8 M €	+138%	44 M €	+37.5%	32 M €	-10.2%	35,7 M €	-29.0%	50,2 M €	+19.8%	41,9 M €
Other
Workforce	775,0 ETP	+6.4%	728,2 ETP	+9.4%	665,4 ETP	-0.3%	667,2 ETP	+4.7%	637,3 ETP	-6.7%	683,2 ETP	-3.7%	709,1 ETP	+3.2%	687,3 ETP	+0.1%	686,6 ETP	+2.4%	670,8 ETP	-0.8%	676,2 ETP	-2.7%	695,3 ETP	0.0%	695,3 ETP	+5.3%	660,5 ETP	+7.6%	614,1 ETP	+8.5%	565,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 11 active · 29 ended

Active mandates

Clare Pettitt

Director · since 06 juin 2025 · until 06 juin 2031

Active

Gabriela Pueyo Roberts

Director · since 06 juin 2025 · until 06 juin 2031

Active

Gerard Damski

Director · since 06 juin 2025 · until 06 juin 2031

Active

Sarah Timmermans

Managing director · since 06 juin 2025 · until 06 juin 2031

Active

Stefan Vuylsteke

Director · since 06 juin 2025 · until 06 juin 2031

Active

Gabriela Pueyo Roberts

Director · since 01 février 2025 · until 06 juin 2025

Active

Clare Pettitt

Director · since 01 mai 2024 · until 06 juin 2025

Active

Sarah Timmermans

Managing director · since 01 mai 2024 · until 06 juin 2025

Active

Gerard Damski

Director · since 05 juin 2020 · until 06 juin 2025

Active

Stefan Vuylsteke

Director · since 05 juin 2020 · until 06 juin 2025

Active

Marc De Souter

Director · since 01 avril 2020 · until 01 février 2025

Active

Ended mandates

Gabriela Pueyo

Director · since 01 février 2025 · until 06 juin 2025

Ended

Garard Damski

Director · since 05 juin 2020 · until 06 juin 2025

Ended

Guido De Paepe

Director · since 05 juin 2020 · until 30 avril 2024

Ended

Guido De Paepe

Director · since 05 juin 2020 · until 06 juin 2025

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	11/06/2026	10/06/2025	11/06/2024	13/06/2023	07/06/2022	21/06/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	03/06/2022	04/06/2021
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

26 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	05/06/2026	11/06/2026	Dutch	PDF
Full model	31/12/2024	06/06/2025	10/06/2025	Dutch	PDF
Full model	31/12/2023	07/06/2024	11/06/2024	Dutch	PDF
Full model	31/12/2022	02/06/2023	13/06/2023	Dutch	PDF
Full model	31/12/2021	03/06/2022	07/06/2022	Dutch	PDF
Full model	31/12/2020	04/06/2021	21/06/2021	Dutch	PDF
Full modelCorrection	31/12/2019	05/06/2020	09/10/2020	Dutch	PDF
Full model	31/12/2019	05/06/2020	11/06/2020	Dutch	PDF
Full model	31/12/2018	07/06/2019	10/07/2019	Dutch	PDF
Full model	31/12/2017	01/06/2018	09/07/2018	Dutch	PDF
Full model	31/12/2016	02/06/2017	25/06/2017	Dutch	PDF
Full model	31/12/2015	03/06/2016	21/06/2016	Dutch	PDF
Full model	31/12/2014	05/06/2015	30/06/2015	Dutch	PDF
Full model	31/12/2013	06/06/2014	20/06/2014	Dutch	PDF
Full model	31/12/2012	07/06/2013	12/06/2013	Dutch	PDF
Full model	31/12/2011	22/06/2012	27/06/2012	Dutch	PDF
Full modelCorrection	31/12/2010	03/06/2011	28/12/2011	Dutch	PDF
Full model	31/12/2010	03/06/2011	24/06/2011	Dutch	PDF
Full modelCorrection	31/12/2009	04/06/2010	28/12/2011	Dutch	PDF
Full modelCorrection	31/12/2009	04/06/2010	18/08/2010	Dutch	PDF
Full model	31/12/2009	04/06/2010	09/06/2010	Dutch	PDF
Full modelCorrection	31/12/2008	06/06/2009	28/12/2011	Dutch	PDF
Full model	31/12/2008	06/06/2009	26/06/2009	Dutch	PDF
Full model	31/12/2007	06/06/2008	24/07/2008	Dutch	PDF

View all 26 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 M€ and 500 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 · 11 active · 29 ended

Active mandates

Clare Pettitt

Director · since 06 juin 2025 · until 06 juin 2031

Active

Gabriela Pueyo Roberts

Director · since 06 juin 2025 · until 06 juin 2031

Active

Gerard Damski

Director · since 06 juin 2025 · until 06 juin 2031

Active

Sarah Timmermans

Managing director · since 06 juin 2025 · until 06 juin 2031

Active

Stefan Vuylsteke

Director · since 06 juin 2025 · until 06 juin 2031

Active

Gabriela Pueyo Roberts

Director · since 01 février 2025 · until 06 juin 2025

Active

Clare Pettitt

Director · since 01 mai 2024 · until 06 juin 2025

Active

Sarah Timmermans

Managing director · since 01 mai 2024 · until 06 juin 2025

Active

Gerard Damski

Director · since 05 juin 2020 · until 06 juin 2025

Active

Stefan Vuylsteke

Director · since 05 juin 2020 · until 06 juin 2025

Active

Marc De Souter

Director · since 01 avril 2020 · until 01 février 2025

Active

Ended mandates

Gabriela Pueyo

Director · since 01 février 2025 · until 06 juin 2025

Ended

Garard Damski

Director · since 05 juin 2020 · until 06 juin 2025

Ended

Guido De Paepe

Director · since 05 juin 2020 · until 30 avril 2024

Ended

Guido De Paepe

Director · since 05 juin 2020 · until 06 juin 2025

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring14/05/2024
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates16/04/2024
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring28/03/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Restructuring28/02/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
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 202551,6 M €↓
06/06/2025
reconductionSaran Timmermans — Bestuurder
06/06/2025
reconductionClare Pettitt — Bestuurder
06/06/2025
reconductionGabriela Pueyo — Bestuurder
06/06/2025
reconductionGerard Damski — Bestuurder
06/06/2025
reconductionStefan Vuylsteke — Bestuurder
06/06/2025
nominationMaarten Poel — vaste vertegenwoordiger (commissaris)
01/02/2025
nominationGabriela Pueyo Roberts — bestuurder
2024
Annual accounts 20242 Md €↑
12/11/2024
nominationMaarten Poel — vaste vertegenwoordiger van de commissaris
02/05/2024
nominationSarah Timmermans — gedelegeerd bestuurder
01/05/2024
nominationSarah Timmermans — bestuurder
01/05/2024
nominationClare Pettitt — bestuurder
01/04/2024
autre
01/01/2024
nominationGuido De Paepe — gedelegeerd bestuurder
2023
Annual accounts 2023276,9 M €↓
2022
Annual accounts 2022698,5 M €↑
03/06/2022
reconductionKPMG Bedrijfsrevisoren BV — commissaris
03/06/2022
nominationJos Briers — vaste vertegenwoordiger
2021
Annual accounts 202114,7 M €↑
2020
Annual accounts 2020-19 M €↓
2019
Annual accounts 2019753,8 M €↑
2018
Annual accounts 20185,4 M €↑
2017
Annual accounts 2017957,7 k €↓
2016
Annual accounts 20161,9 M €↓
2015
Annual accounts 20154,2 M €↓
2013
Annual accounts 20137,7 M €↓
2011
Annual accounts 201112,3 M €↓
2010
Annual accounts 201020,8 M €↓
2009
Annual accounts 200929,4 M €↑
2008
Annual accounts 20086,9 M €
18/09/1987
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

CARGLASS

Overview

What does CARGLASS do?

Trend over 16 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