ACTIVE

GLAVERPANE

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Financial year 2025 · closed on 31/12/2025
Net result
-157,6 k €
-121.4% YoY
Revenue
55,8 M €
-28.6% YoY
Equity
15,5 M €
-1.0% YoY

What does GLAVERPANE do?

GLAVERPANE is a Public limited company incorporated in 1989. Its main activity is: Manufacture of flat glass. Its registered office is in Jemeppe-sur-Sambre.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0437.816.230
Incorporation
21/06/1989
Legal form
Public limited company
Registered office
Rue de la Glacerie,Moustier 167
5190 Jemeppe-sur-Sambre · WallonieSee on map
Contributed capital
4 957 870,50 €
Latest accounts
31/12/2025
Activities (NACE)
23110Manufacture of flat glass· main23110Manufacture of flat glass26110Manufacture of electronic components23150Manufacture of glass and glass products23190Manufacture and processing of other glass, including technical glassware26150Manufacture of electronic components and boards+3
Signals
Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021202020172016
Income statement
Revenue55,8 M €78,2 M €87,1 M €116,8 M €71,2 M €53 M €53,4 M €49,8 M €
EBITDA456 k €1,5 M €589,1 k €1,2 M €1,2 M €1,2 M €1,7 M €1,8 M €
Operating result-215,2 k €755,9 k €-168,5 k €357,7 k €408,1 k €402,1 k €545,5 k €570,3 k €
Net result-157,6 k €735,4 k €99 k €247,7 k €326,5 k €280,6 k €513,2 k €551,5 k €
Balance sheet
Equity15,5 M €15,6 M €14,9 M €14,8 M €14,5 M €14,2 M €13,2 M €12,7 M €
Total assets19,5 M €48,5 M €28,4 M €86,2 M €50,6 M €29,6 M €32,2 M €23,2 M €
Cash–––––7,5 k €––
Debts4,1 M €32,8 M €13,5 M €71,4 M €36,1 M €15,4 M €19 M €10,4 M €
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 16 ended

Active mandates

Stefan Spengler

Director · since 25 avril 2025 · until 25 avril 2030

Active
Dimitri Maes

Director · since 26 avril 2024 · until 27 avril 2029

Active
Daniel D'Hont

Chairman of the board of directors · since 01 octobre 2023 · until 24 avril 2026

Active
Eric Van Craeymeersch

Managing director · since 29 avril 2022 · until 30 avril 2027

Active
Yves Lecoq

Director · since 25 avril 2014 · until 24 avril 2026

Active

Ended mandates

Daniel D'Hont

Chairman of the board of directors · since 01 octobre 2023 · until 29 avril 2026

Ended
Ricardo De Montserrat Marsal

Director · since 01 mai 2022 · until 24 avril 2026

Ended
Dimitri Maes

Director · since 29 avril 2022 · until 26 avril 2024

Ended
Yves Lecoq

Director · since 24 avril 2020 · until 28 avril 2023

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date18/05/202610/06/202510/06/202417/05/202313/05/202221/05/2021
General meeting24/04/202625/04/202526/04/202428/04/202329/04/202230/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202524/04/202618/05/2026FrenchPDF
Full model31/12/202425/04/202510/06/2025FrenchPDF
Full model31/12/202326/04/202410/06/2024FrenchPDF
Full model31/12/202228/04/202317/05/2023FrenchPDF
Full model31/12/202129/04/202213/05/2022FrenchPDF
Full model31/12/202030/04/202121/05/2021FrenchPDF
Full model31/12/201924/04/202018/05/2020FrenchPDF
Full model31/12/201826/04/201917/05/2019FrenchPDF
Full model31/12/201727/04/201818/05/2018FrenchPDF
Full model31/12/201628/04/201716/05/2017FrenchPDF
Full model31/12/201529/04/201626/05/2016FrenchPDF
Full model31/12/201424/04/201519/05/2015FrenchPDF
Full modelCorrection31/12/201325/04/201415/10/2014FrenchPDF
Full model31/12/201325/04/201421/05/2014FrenchPDF
Full model31/12/201229/05/201320/06/2013FrenchPDF
Full model31/12/201127/04/201229/05/2012FrenchPDF
Full model31/12/201001/06/201127/06/2011FrenchPDF
Full model31/12/200931/05/201001/07/2010FrenchPDF
Full model31/12/200803/08/200903/08/2009FrenchPDF
Full model31/12/200730/06/200808/07/2008FrenchPDF
Full model31/12/200627/04/200710/07/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 5 active · 16 ended

Active mandates

Stefan Spengler

Director · since 25 avril 2025 · until 25 avril 2030

Active
Dimitri Maes

Director · since 26 avril 2024 · until 27 avril 2029

Active
Daniel D'Hont

Chairman of the board of directors · since 01 octobre 2023 · until 24 avril 2026

Active
Eric Van Craeymeersch

Managing director · since 29 avril 2022 · until 30 avril 2027

Active
Yves Lecoq

Director · since 25 avril 2014 · until 24 avril 2026

Active

Ended mandates

Daniel D'Hont

Chairman of the board of directors · since 01 octobre 2023 · until 29 avril 2026

Ended
Ricardo De Montserrat Marsal

Director · since 01 mai 2022 · until 24 avril 2026

Ended
Dimitri Maes

Director · since 29 avril 2022 · until 26 avril 2024

Ended
Yves Lecoq

Director · since 24 avril 2020 · until 28 avril 2023

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates11/08/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Other21/11/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates20/08/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/10/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates30/10/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/06/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates07/06/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates13/07/2021
    DEMISSIONS, NOMINATIONS
    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

Timeline

  1. 2025
    Annual accounts 2025-157,6 k €↓
  2. 25/04/2025
    reconductionStefan Spengler — administrateur
  3. 2024
    Annual accounts 2024735,4 k €↑
  4. 26/04/2024
    reconductionDimitri Maes — administrateur
  5. 26/04/2024
    nominationDaniel D'Hont — administrateur
  6. 26/04/2024
    nominationAxel Jorion — représentant permanent du commissaire
  7. 2023
    Annual accounts 202399 k €↓
  8. 01/10/2023
    nominationDaniel D'Hont — administrateur
  9. 28/04/2023
    reconductionYves Lecoq — administrateur
  10. 31/03/2023
    nominationRicardo De Montserrat Marsal — administrateur et président du conseil d'administration
  11. 2022
    Annual accounts 2022247,7 k €↓
  12. 01/05/2022
    nominationRicard De Montserrat — administrateur
  13. 01/05/2022
    nominationDimitri Maes — administrateur
  14. 29/04/2022
    nominationEric Van Craeymeersch — administrateur délégué
  15. 2021
    Annual accounts 2021326,5 k €↑
  16. 2020
    Annual accounts 2020280,6 k €↓
  17. 2017
    Annual accounts 2017513,2 k €↓
  18. 2016
    Annual accounts 2016551,5 k €
  19. 21/06/1989
    IncorporationPublic limited company