ACTIVE

GLK Grondwerken

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Financial year 2025 · Closed on 31/12/2025

Net result177,4 k €+76,0 %over 1 year

Gross margin3,2 M €+11,1 %over 1 year

Equity1,7 M €+11,7 %over 1 year

Workforce35,2 ETP+8,0 %over 1 year

Identity

Source · BCE/KBO

GLK Grondwerken is a Private limited company incorporated in 1997. Its registered office is in Kruisem. It employs on average 35,2 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0461.528.869
Incorporation: 02/10/1997
Legal form: Private limited company
Registered office: Meirestraat(KRU) 13 box B
9770 Kruisem · FlandreSee on map
Contributed capital: 125 000,00 €
Latest accounts: 31/12/2025
Average workforce: 35,2 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	3,2 M €	+11.1%	2,9 M €	-1.4%	3 M €	+6.5%	2,8 M €	+24.9%	2,2 M €
EBITDA	943,7 k €	+22.9%	767,8 k €	-26.0%	1 M €	+7.0%	970 k €	+23.8%	783,4 k €
Operating result	233,1 k €	+36.0%	171,3 k €	-52.9%	363,7 k €	+4.3%	348,6 k €	+5.2%	331,4 k €
Net result	177,4 k €	+76.0%	100,8 k €	-62.1%	265,9 k €	-16.9%	319,8 k €	+10.8%	288,7 k €
Balance sheet
Equity	1,7 M €	+11.7%	1,5 M €	+7.1%	1,4 M €	+13.2%	1,3 M €	+21.2%	1 M €
Total assets	4,5 M €	+2.5%	4,4 M €	-6.7%	4,7 M €	+10.5%	4,3 M €	+14.6%	3,7 M €
Cash	43,4 k €	-83.5%	262,5 k €	+900%	26,2 k €	-95.5%	577,5 k €	-24.0%	759,4 k €
Debts	2,8 M €	-2.4%	2,9 M €	-12.7%	3,3 M €	+9.3%	3 M €	+14.0%	2,7 M €
Other
Workforce	35,2 ETP	+8.0%	32,6 ETP	+10.5%	29,5 ETP	+1.7%	29,0 ETP	+13.7%	25,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 6 ended

Active mandates

Geert Lippens

Director

Active

GLVDK

Director · 0832.158.743

Represented by Els Vandekerckhove

Active

Ended mandates

Els Vandekerckhove

Director · until 16 novembre 2023

Ended

Els Vandekerckhove

Director

Ended

Els Vandekerckhove

Manager

Ended

Geert Lippens

Manager

Ended

Other companies at this address

Meirestraat(KRU) 13 9770 Kruisem

Company	CBE no.
BEDRIJVENVERENIGING ZULTE-KRUISHOUTEM● Active	0886.661.756
GEERT LIPPENS MANAGEMENT● Active	0460.745.743

Full financial information

Source · NBB

	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	25/06/2026	07/07/2025	06/06/2024	15/06/2023	16/06/2022	17/06/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	05/06/2023	07/06/2022	07/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/06/2026	25/06/2026	Dutch	PDF
Abridged model	31/12/2024	02/06/2025	07/07/2025	Dutch	PDF
Abridged model	31/12/2023	03/06/2024	06/06/2024	Dutch	PDF
Abridged model	31/12/2022	05/06/2023	15/06/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	16/06/2022	Dutch	PDF
Abridged model	31/12/2020	07/06/2021	17/06/2021	Dutch	PDF
Abridged model	31/12/2019	01/06/2020	11/06/2020	Dutch	PDF
Abridged model	31/12/2018	03/06/2019	13/06/2019	Dutch	PDF
Abridged model	31/12/2017	04/06/2018	14/06/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	22/06/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	16/06/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	11/06/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	12/06/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	12/06/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	14/06/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	16/06/2011	Dutch	PDF
Abridged model	31/12/2009	07/06/2010	17/06/2010	Dutch	PDF
Abridged model	31/12/2008	01/06/2009	11/06/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	12/06/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	14/06/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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.

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 6 ended

Active mandates

Geert Lippens

Director

Active

GLVDK

Director · 0832.158.743

Represented by Els Vandekerckhove

Active

Ended mandates

Els Vandekerckhove

Director · until 16 novembre 2023

Ended

Els Vandekerckhove

Director

Ended

Els Vandekerckhove

Manager

Ended

Geert Lippens

Manager

Ended

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates28/11/2023
WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Registered office05/12/2018
MAATSCHAPPELIJKE ZETEL
PDF
Mandates31/01/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/03/2012
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

2025
Annual accounts 2025177,4 k €↑
2024
Annual accounts 2024100,8 k €↓
2023
Annual accounts 2023265,9 k €↓
2023
Name changeGLK GRONDWERKEN
2022
Annual accounts 2022319,8 k €↑
2022
Name changeGLK
2021
Annual accounts 2021288,7 k €↑
2020
Annual accounts 2020172,3 k €↑
2019
Annual accounts 2019161,6 k €↑
2018
Annual accounts 2018153,8 k €↑
2017
Annual accounts 20172,7 k €↓
2016
Annual accounts 2016135,1 k €↓
2015
Annual accounts 2015261,1 k €↑
2014
Annual accounts 2014188,9 k €↑
2013
Annual accounts 2013111,9 k €↓
2012
Annual accounts 2012144,3 k €↑
2011
Annual accounts 2011114,1 k €↑
2010
Annual accounts 201092,5 k €↓
2009
Annual accounts 2009124,5 k €↓
2008
Annual accounts 2008140,1 k €↑
2007
Annual accounts 2007105,5 k €↓
2006
Annual accounts 2006122,7 k €
2006
Name changeGRONDWERKEN G.L.K.
02/10/1997
IncorporationPrivate limited company

GLK Grondwerken

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

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

Timeline