GLASTEC
0450.846.694 · rovalta.com · 22/09/2026
ACTIVE
GLASTEC
Financial year 2025 · closed on 31/12/2025
Net result
78,7 k €
+42.1% YoY
Gross margin
371,3 k €
+9.2% YoY
Equity
862,7 k €
+10.0% YoY
Workforce
3,0 ETP
-25.0% YoY
Overview
What does GLASTEC do?
GLASTEC is a Private limited company incorporated in 1993. Its main activity is: Manufacture of glass and glass products. Its registered office is in Olen. It employs on average 3,0 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0450.846.694
Incorporation
10/09/1993
Legal form
Private limited company
Registered office
Lammerdries-Zuid 17 box C
2250 Olen · FlandreSee on map
2250 Olen · FlandreSee on map
Contributed capital
100 000,00 €
Latest accounts
31/12/2025
Average workforce
3,0 ETP
Activities (NACE)
23150Manufacture of glass and glass products· main23190Manufacture and processing of other glass, including technical glassware26150Manufacture of electronic components and boards26510Manufacture of instruments and appliances for measuring, testing and navigation26510Manufacture of instruments and appliances for measuring, testing and navigation23150Manufacture of glass and glass products+1
Joint committees (3)
- 115
- 200
- 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||||
| Gross margin | 371,3 k € | +9.2% | 340,1 k € | -4.1% | 354,8 k € | +2.8% | 345 k € | -41.6% | 590,6 k € | +29.7% | 455,4 k € | +14.7% | 397 k € | +16.1% | 341,9 k € | +8.2% | 316 k € | +14.7% | 275,5 k € | +0.4% | 274,3 k € | -3.4% | 283,9 k € | +1.9% | 278,5 k € | -11.9% | 316,1 k € | -1.8% | 321,8 k € | -3.8% | 334,4 k € | +35.2% | 247,3 k € | -39.4% | 408,4 k € | -25.2% | 545,8 k € | -1.4% | 553,4 k € |
| EBITDA | 209,1 k € | +12.3% | 186,1 k € | -3.8% | 193,5 k € | +4.1% | 185,9 k € | -58.1% | 443,7 k € | +41.7% | 313,2 k € | +28.6% | 243,5 k € | +32.0% | 184,5 k € | +16.1% | 158,9 k € | +53.1% | 103,8 k € | -1.4% | 105,2 k € | -23.6% | 137,7 k € | +16.3% | 118,4 k € | -17.1% | 142,8 k € | +7.8% | 132,4 k € | +14.5% | 115,7 k € | +156% | 45,1 k € | -69.6% | 148,6 k € | -28.7% | 208,4 k € | -10.2% | 232,1 k € |
| Operating result | 116,2 k € | +40.2% | 82,8 k € | +14.3% | 72,5 k € | -2.1% | 74 k € | -78.2% | 340 k € | +51.3% | 224,8 k € | +39.0% | 161,7 k € | +39.5% | 115,9 k € | +35.0% | 85,9 k € | +274% | 23 k € | -10.9% | 25,8 k € | -61.9% | 67,6 k € | +47.0% | 45,9 k € | -39.0% | 75,4 k € | +44.3% | 52,3 k € | +68.7% | 31 k € | +149% | -63,5 k € | -235% | 47,2 k € | -12.4% | 53,9 k € | -43.0% | 94,6 k € |
| Net result | 78,7 k € | +42.1% | 55,4 k € | +24.8% | 44,4 k € | -14.8% | 52,1 k € | -77.8% | 235 k € | +62.3% | 144,8 k € | +37.9% | 105 k € | +44.1% | 72,9 k € | +53.8% | 47,4 k € | +1647% | 2,7 k € | +0.2% | 2,7 k € | -90.1% | 27,4 k € | +8.5% | 25,3 k € | -40.0% | 42,2 k € | +145% | 17,2 k € | +26.2% | 13,7 k € | +116% | -82,8 k € | -553% | 18,3 k € | -24.3% | 24,2 k € | -55.5% | 54,3 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 862,7 k € | +10.0% | 784 k € | -2.2% | 801,6 k € | +5.9% | 757,2 k € | +7.4% | 705,1 k € | +41.7% | 497,6 k € | +19.1% | 417,7 k € | +33.6% | 312,7 k € | +30.4% | 239,8 k € | +24.6% | 192,4 k € | +1.4% | 189,7 k € | -27.6% | 262 k € | +11.7% | 234,6 k € | +12.1% | 209,3 k € | +25.2% | 167,1 k € | +11.5% | 149,9 k € | -54.1% | 326,2 k € | -20.2% | 409 k € | +4.7% | 390,7 k € | +6.6% | 366,6 k € |
| Total assets | 1,2 M € | +2.0% | 1,1 M € | -4.3% | 1,2 M € | -4.5% | 1,2 M € | -2.2% | 1,3 M € | +21.3% | 1 M € | +17.1% | 895,5 k € | +5.8% | 846,4 k € | +8.1% | 783,2 k € | -3.5% | 812 k € | -10.1% | 903,1 k € | -0.9% | 911 k € | -7.6% | 985,9 k € | -2.9% | 1 M € | -2.5% | 1 M € | +55.1% | 671,7 k € | -6.3% | 716,7 k € | -18.6% | 880,5 k € | -14.1% | 1 M € | -11.9% | 1,2 M € |
| Cash | 257,2 k € | +117% | 118,4 k € | -40.2% | 197,9 k € | -47.4% | 375,9 k € | -24.3% | 496,6 k € | +37.9% | 360 k € | +135% | 153,4 k € | +2.3% | 149,9 k € | +566% | 22,5 k € | -34.6% | 34,4 k € | -41.9% | 59,2 k € | +13.7% | 52 k € | -31.6% | 76,1 k € | -12.2% | 86,7 k € | +55.0% | 55,9 k € | -36.9% | 88,6 k € | +54.1% | 57,5 k € | +14.5% | 50,2 k € | -58.1% | 120 k € | -70.8% | 411,2 k € |
| Debts | 298,2 k € | -15.8% | 354,1 k € | -8.6% | 387,2 k € | -20.5% | 487,2 k € | -13.6% | 563,6 k € | +3.1% | 546,5 k € | +15.8% | 471,8 k € | -11.0% | 530,3 k € | -1.0% | 535,4 k € | -13.5% | 618,7 k € | -13.2% | 712,8 k € | +11.2% | 640,8 k € | -14.7% | 751,3 k € | -6.8% | 806 k € | -7.0% | 867 k € | +66.1% | 521,8 k € | +33.6% | 390,5 k € | -17.2% | 471,5 k € | -25.7% | 634,5 k € | -20.4% | 796,9 k € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | 3,0 ETP | -25.0% | 4,0 ETP | 0.0% | 4,0 ETP | 0.0% | 4,0 ETP | +17.6% | 3,4 ETP | 0.0% | 3,4 ETP | – | – | – | 4,3 ETP | -10.4% | 4,8 ETP | +14.3% | 4,2 ETP | -10.6% | 4,7 ETP | -14.5% | 5,5 ETP | -3.5% | 5,7 ETP | -5.0% | 6,0 ETP | -4.8% | 6,3 ETP | -19.2% | 7,8 ETP | -15.2% | 9,2 ETP | +7.0% | 8,6 ETP | ||||
Estimate
Indicative valuation
As an indication, this company is worth
between 1 M€ and 2,5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 1 ended
Active mandates
Dries Haeseldonckx
ActiveFrank Haeseldonckx
ActiveLutgard Neyens
ActiveEnded mandates
Frank Haeseldonckx
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
BOVEMA INTERNATIONAL● Active | 0447.039.346 |
Stratos Finance● Active | 0821.415.992 |
STRATOS INDUSTRIES● Active | 0463.923.383 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged 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 | 27/08/2026 | 20/08/2025 | 28/08/2024 | 28/08/2023 | 07/06/2022 | 10/08/2021 |
| General meeting | 01/08/2026 | 28/07/2025 | 05/08/2024 | 31/07/2023 | 01/06/2022 | 05/08/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 01/08/2026 | 27/08/2026 | Dutch | |
| Abridged model | 31/12/2024 | 28/07/2025 | 20/08/2025 | Dutch | |
| Abridged model | 31/12/2023 | 05/08/2024 | 28/08/2024 | Dutch | |
| Abridged model | 31/12/2022 | 31/07/2023 | 28/08/2023 | Dutch | |
| Abridged model | 31/12/2021 | 01/06/2022 | 07/06/2022 | Dutch | |
| Abridged model | 31/12/2020 | 05/08/2021 | 10/08/2021 | Dutch | |
| Micro model | 31/12/2019 | 31/07/2020 | 21/08/2020 | Dutch | |
| Micro model | 31/12/2018 | 01/06/2019 | 05/06/2019 | Dutch | |
| Micro model | 31/12/2017 | 01/06/2018 | 25/06/2018 | Dutch | |
| Abridged model | 31/12/2016 | 01/06/2017 | 23/06/2017 | Dutch | |
| Abridged model | 31/12/2015 | 31/07/2016 | 30/08/2016 | Dutch | |
| Abridged model | 31/12/2014 | 01/06/2015 | 29/06/2015 | Dutch | |
| Abridged model | 31/12/2013 | 02/06/2014 | 19/06/2014 | Dutch | |
| Abridged model | 31/12/2012 | 20/06/2013 | 24/06/2013 | Dutch | |
| Abridged model | 31/12/2011 | 19/07/2012 | 20/07/2012 | Dutch | |
| Abridged model | 31/12/2010 | 22/08/2011 | 24/08/2011 | Dutch | |
| Abridged model | 31/12/2009 | 01/06/2010 | 21/06/2010 | Dutch | |
| Abridged model | 31/12/2008 | 05/08/2009 | 18/08/2009 | Dutch | |
| Abridged model | 31/12/2007 | 30/06/2008 | 30/07/2008 | Dutch | |
| Abridged model | 31/12/2006 | 11/07/2007 | 27/07/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 1 M€ and 2,5 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 1 ended
Active mandates
Dries Haeseldonckx
ActiveFrank Haeseldonckx
ActiveLutgard Neyens
ActiveEnded mandates
Frank Haeseldonckx
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202578,7 k €↑
- 2024Annual accounts 202455,4 k €↑
- 2023Annual accounts 202344,4 k €↓
- 2022Annual accounts 202252,1 k €↓
- 2021Annual accounts 2021235 k €↑
- 2020Annual accounts 2020144,8 k €↑
- 2019Annual accounts 2019105 k €↑
- 2018Annual accounts 201872,9 k €↑
- 2017Annual accounts 201747,4 k €↑
- 2016Annual accounts 20162,7 k €↑
- 2015Annual accounts 20152,7 k €↓
- 2014Annual accounts 201427,4 k €↑
- 2013Annual accounts 201325,3 k €↓
- 2012Annual accounts 201242,2 k €↑
- 2011Annual accounts 201117,2 k €↑
- 2010Annual accounts 201013,7 k €↑
- 2009Annual accounts 2009-82,8 k €↓
- 2008Annual accounts 200818,3 k €↓
- 2007Annual accounts 200724,2 k €↓
- 2006Annual accounts 200654,3 k €
- 10/09/1993IncorporationPrivate limited company