ACTIVE

Glow Wellness

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Financial year 2025 · closed on 30/09/2025

Net result

196 k €

-48.8% YoY

Gross margin

788,6 k €

-28.1% YoY

Equity

1,7 M €

+13.3% YoY

Workforce

7,5 ETP

+15.4% YoY

What does Glow Wellness do?

Glow Wellness is a Public limited company incorporated in 1998. Its main activity is: Joinery installation. Its registered office is in Kortrijk. It employs on average 7,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0464.731.552

Incorporation

15/12/1998

Legal form

Public limited company

Registered office

Gentsesteenweg(Kor) 1
8500 Kortrijk · FlandreSee on map

Contributed capital

61 973,00 €

Latest accounts

30/09/2025

Average workforce

7,5 ETP

Activities (NACE)

43320Joinery installation· main 43320Joinery installation 47529Retail sale of hardware, paints and glass in specialised stores 47529Retail sale of hardware, paints and glass in specialised stores 51190Passenger air transport 46190Agents involved in the sale of a variety of goods+1

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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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
Gross margin	788,6 k €	-28.1%	1,1 M €	+41.1%	777,2 k €	-17.7%	944,9 k €	+29.2%	731,4 k €	+44.0%	507,9 k €	+48.6%	341,8 k €	+31.5%	259,9 k €	+5.4%	246,5 k €	+19.7%	205,9 k €	+25.6%	164 k €	-6.8%	175,9 k €	-7.9%	191,1 k €	+21.5%	157,3 k €	-34.9%	241,5 k €	+69.6%	142,4 k €	-14.0%	165,7 k €	+13.0%	146,7 k €	+12.4%	130,5 k €
EBITDA	282,4 k €	-50.9%	574,9 k €	+93.6%	297 k €	-40.3%	497,5 k €	+52.1%	327 k €	+78.1%	183,7 k €	+237%	54,6 k €	+60.1%	34,1 k €	-53.9%	73,9 k €	+50.2%	49,2 k €	+3.2%	47,7 k €	-24.9%	63,5 k €	-23.6%	83,1 k €	+42.2%	58,5 k €	-58.4%	140,6 k €	+139%	58,8 k €	-20.9%	74,4 k €	-13.7%	86,3 k €	-15.2%	101,7 k €
Operating result	263,1 k €	-51.7%	545 k €	+118%	249,8 k €	-43.1%	439,2 k €	+62.3%	270,6 k €	+89.6%	142,7 k €	+1346%	9,9 k €	+135%	4,2 k €	-92.2%	54 k €	+168%	20,1 k €	-29.0%	28,4 k €	-28.1%	39,4 k €	-2.8%	40,6 k €	+137%	17,1 k €	-81.0%	90 k €	+1067%	7,7 k €	-67.6%	23,8 k €	-25.0%	31,8 k €	+18.4%	26,8 k €
Net result	196 k €	-48.8%	382,9 k €	+133%	164,6 k €	-43.7%	292,4 k €	+64.0%	178,3 k €	+77.0%	100,7 k €	+3685%	2,7 k €	-23.9%	3,5 k €	-91.4%	40,5 k €	+360%	8,8 k €	-70.7%	30 k €	+6.0%	28,3 k €	+16.2%	24,3 k €	+212%	7,8 k €	-85.0%	51,8 k €	+1891%	2,6 k €	-73.7%	9,9 k €	-49.1%	19,5 k €	-16.3%	23,2 k €
Balance sheet
Equity	1,7 M €	+13.3%	1,5 M €	+35.2%	1,1 M €	+17.9%	921,7 k €	+46.5%	629,3 k €	+39.5%	451 k €	+28.8%	350,3 k €	+0.8%	347,6 k €	+1.0%	344,1 k €	+13.3%	303,7 k €	+3.0%	294,9 k €	+11.3%	264,9 k €	+12.0%	236,6 k €	+11.5%	212,3 k €	+3.8%	204,5 k €	+34.0%	152,6 k €	+1.7%	150 k €	+7.1%	140,1 k €	+16.1%	120,7 k €
Total assets	2,1 M €	+3.0%	2 M €	+24.1%	1,6 M €	+3.6%	1,6 M €	+31.6%	1,2 M €	+40.3%	843,1 k €	+19.6%	705,1 k €	-1.5%	715,5 k €	+15.9%	617,2 k €	+10.1%	560,5 k €	-6.7%	600,8 k €	-0.5%	603,5 k €	-1.3%	611,2 k €	-16.2%	729,3 k €	+18.7%	614,3 k €	+2.6%	598,5 k €	-6.3%	638,7 k €	+15.4%	553,4 k €	+7.0%	517,4 k €
Cash	359,5 k €	+45.1%	247,7 k €	-39.5%	409,1 k €	-43.7%	726,5 k €	+1126%	59,3 k €	+14.6%	51,7 k €	+10.3%	46,9 k €	+29.9%	36,1 k €	-12.4%	41,2 k €	+22.7%	33,6 k €	-14.1%	39,1 k €	+394%	7,9 k €	-42.0%	13,7 k €	+46.5%	9,3 k €	+29.6%	7,2 k €	+4.1%	6,9 k €	+21.6%	5,7 k €	-76.5%	24,2 k €	-78.5%	112,6 k €
Debts	395,9 k €	-25.7%	532,7 k €	+1.1%	527,1 k €	-17.0%	635 k €	+14.8%	553,3 k €	+41.1%	392,1 k €	+10.5%	354,8 k €	-3.6%	367,9 k €	+34.7%	273,1 k €	+9.1%	250,3 k €	-16.3%	298,9 k €	-11.7%	338,6 k €	-9.6%	374,6 k €	-27.5%	517,1 k €	+26.2%	409,9 k €	-8.1%	445,9 k €	-8.5%	487,4 k €	+18.8%	410,2 k €	+4.2%	393,9 k €
Other
Workforce	7,5 ETP	+15.4%	6,5 ETP	0.0%	6,5 ETP	-4.4%	6,8 ETP	+9.7%	6,2 ETP	+6.9%	5,8 ETP	+26.1%	4,6 ETP	+12.2%	4,1 ETP	+36.7%	3,0 ETP	0.0%	3,0 ETP	+25.0%	2,4 ETP	+20.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	+100%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 12 ended

Active mandates

Luc BRAET

Mandate

Active

Stéphanie VANDEROUGSTRAETE

Mandate

Active

Ended mandates

Stéphanie VANDEROUGSTRAETE

Director · since 14 mai 2017 · until 05 mars 2022

Ended

Jacqueline CAPELLE

Director · since 04 mars 2016 · until 14 mai 2017

Ended

Jacqueline CAPELLE

Director · since 04 mars 2016 · until 05 mars 2022

Ended

Luc BRAET

Managing director · since 04 mars 2016 · until 05 mars 2022

Ended

At this address

Other companies at this address

Company	CBE no.
BLAUWBLOMME● Active	0434.499.325
BRAEVA● Active	1012.615.959
Groep Glow Wellness● Active	1015.597.126

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/03/2026	17/04/2025	09/03/2024	04/05/2023	13/04/2022	22/03/2021
General meeting	07/03/2026	03/03/2025	02/03/2024	04/03/2023	05/03/2022	06/03/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	07/03/2026	29/03/2026	Dutch	PDF
Abridged model	30/09/2024	03/03/2025	17/04/2025	Dutch	PDF
Abridged model	30/09/2023	02/03/2024	09/03/2024	Dutch	PDF
Abridged modelCorrection	30/09/2022	04/03/2023	04/05/2023	Dutch	PDF
Abridged model	30/09/2022	04/03/2023	29/04/2023	Dutch	PDF
Abridged model	30/09/2021	05/03/2022	13/04/2022	Dutch	PDF
Abridged model	30/09/2020	06/03/2021	22/03/2021	Dutch	PDF
Abridged model	30/09/2019	07/03/2020	09/03/2020	Dutch	PDF
Abridged model	30/09/2018	01/03/2019	12/03/2019	Dutch	PDF
Abridged model	30/09/2017	03/03/2018	12/03/2018	Dutch	PDF
Abridged model	30/09/2016	04/03/2017	18/03/2017	Dutch	PDF
Abridged model	30/09/2015	05/03/2016	14/03/2016	Dutch	PDF
Abridged model	30/09/2014	07/03/2015	11/03/2015	Dutch	PDF
Abridged model	30/09/2013	01/03/2014	18/03/2014	Dutch	PDF
Abridged model	30/09/2012	02/03/2013	20/03/2013	Dutch	PDF
Abridged model	30/09/2011	03/03/2012	27/03/2012	Dutch	PDF
Abridged model	30/09/2010	05/03/2011	15/03/2011	Dutch	PDF
Abridged model	30/09/2009	06/03/2010	08/03/2010	Dutch	PDF
Abridged model	30/09/2008	02/03/2009	02/03/2009	Dutch	PDF
Abridged model	30/09/2007	01/03/2008	06/03/2008	Dutch	PDF
Abridged model	30/09/2006	03/03/2007	06/03/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 12 ended

Active mandates

Luc BRAET

Mandate

Active

Stéphanie VANDEROUGSTRAETE

Mandate

Active

Ended mandates

Stéphanie VANDEROUGSTRAETE

Director · since 14 mai 2017 · until 05 mars 2022

Ended

Jacqueline CAPELLE

Director · since 04 mars 2016 · until 14 mai 2017

Ended

Jacqueline CAPELLE

Director · since 04 mars 2016 · until 05 mars 2022

Ended

Luc BRAET

Managing director · since 04 mars 2016 · until 05 mars 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/05/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other06/11/2017
BENAMING - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates20/06/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/04/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/04/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/05/2006
ONTSLAGEN - BENOEMINGEN
PDF
Registered office17/05/2004
MAATSCHAPPELIJKE ZETEL
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 2025196 k €↓
2024
Annual accounts 2024382,9 k €↑
2023
Annual accounts 2023164,6 k €↓
2022
Annual accounts 2022292,4 k €↑
2021
Annual accounts 2021178,3 k €↑
2020
Annual accounts 2020100,7 k €↑
2019
Annual accounts 20192,7 k €↓
2018
Annual accounts 20183,5 k €↓
2017
Annual accounts 201740,5 k €↑
2016
Annual accounts 20168,8 k €↓
2015
Annual accounts 201530 k €↑
2014
Annual accounts 201428,3 k €↑
2013
Annual accounts 201324,3 k €↑
2012
Annual accounts 20127,8 k €↓
2011
Annual accounts 201151,8 k €↑
2010
Annual accounts 20102,6 k €↓
2009
Annual accounts 20099,9 k €↓
2008
Annual accounts 200819,5 k €↓
2007
Annual accounts 200723,2 k €
15/12/1998
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

Glow Wellness

Overview

What does Glow Wellness do?

Trend over 19 financial years

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