NORMAL SITUATION

GLAX

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Financial year 2024 · closed on 31/12/2024

Net result

803,7 k €

+72.1% YoY

Revenue

19,8 M €

-13.0% YoY

Equity

4,7 M €

+20.8% YoY

Workforce

571,8 ETP

-15.6% YoY

Company — Normal situation.

What does GLAX do?

GLAX is a company registered in Belgium. It employs on average 571,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0467.264.242

Legal form

Public limited company

Contributed capital

1 811 973,38 €

Latest accounts

31/12/2024

Average workforce

571,8 ETP

Joint committees (5)

100
200
218
322
32201

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	19,8 M €	-13.0%	22,7 M €	+16.8%	19,5 M €	+1.2%	19,2 M €	+18.9%	16,2 M €	-20.0%	20,2 M €	+3.5%	19,5 M €	-0.2%	19,6 M €	-0.9%	19,7 M €	+6.6%	18,5 M €	+5.8%	17,5 M €	+8.4%	16,1 M €	+8.7%	14,9 M €	+5.0%	14,1 M €	+3.1%	13,7 M €	+558%	2,1 M €		–		–
EBITDA	991,7 k €	+237%	294,3 k €	+133%	-883 k €	-417%	278,6 k €	+518%	45,1 k €	-91.8%	551,6 k €	+48.5%	371,6 k €	-15.9%	442 k €	-64.7%	1,3 M €	+4.5%	1,2 M €	+10.5%	1,1 M €	+91.1%	566,2 k €	+7.0%	529,2 k €	-40.4%	888,4 k €	-27.7%	1,2 M €	+694%	154,8 k €	+9838%	-1,6 k €	-154%	2,9 k €
Operating result	951,4 k €	+95.6%	486,3 k €	+145%	-1,1 M €	-733%	171,1 k €	-11.0%	192,2 k €	-29.4%	272,1 k €	-24.0%	357,9 k €	-17.3%	432,9 k €	-65.3%	1,2 M €	+4.3%	1,2 M €	+62.0%	737,3 k €	+594%	106,2 k €	+53.5%	69,2 k €	-83.8%	428,4 k €	-44.3%	768,6 k €	+1832%	39,8 k €	+2603%	-1,6 k €	-154%	2,9 k €
Net result	803,7 k €	+72.1%	467,1 k €	+142%	-1,1 M €	-917%	136,3 k €	-17.7%	165,6 k €	-11.0%	186,1 k €	-15.2%	219,5 k €	-15.0%	258,3 k €	-71.7%	911,6 k €	+18.4%	770 k €	+52.3%	505,6 k €	+1405%	-38,8 k €	-145%	86,4 k €	-78.9%	410,3 k €	-46.7%	769,2 k €	+1818%	40,1 k €	+18367%	-219,6 €	+99.7%	-74,1 k €
Balance sheet
Equity	4,7 M €	+20.8%	3,9 M €	+13.8%	3,4 M €	-24.7%	4,5 M €	+3.1%	4,4 M €	+3.9%	4,2 M €	+4.6%	4 M €	+5.8%	3,8 M €	+7.3%	3,5 M €	+34.6%	2,6 M €	+41.3%	1,9 M €	+37.3%	1,4 M €	-2.8%	1,4 M €	+6.6%	1,3 M €	+45.7%	898,7 k €	+594%	129,6 k €	+108%	-1,7 M €	-0.0%	-1,7 M €
Total assets	8 M €	+12.8%	7,1 M €	+5.9%	6,7 M €	-2.6%	6,8 M €	-14.9%	8 M €	+6.2%	7,6 M €	+9.1%	6,9 M €	+6.7%	6,5 M €	+2.8%	6,3 M €	+15.4%	5,5 M €	+20.1%	4,6 M €	+11.6%	4,1 M €	-26.6%	5,6 M €	+13.2%	4,9 M €	+7.7%	4,6 M €	-10.4%	5,1 M €	+10224%	49,4 k €	-1.3%	50,1 k €
Cash	1,7 M €	-51.4%	3,5 M €	-13.2%	4 M €	-2.9%	4,1 M €	-30.6%	5,9 M €	+42.3%	4,1 M €	+2275%	174,5 k €		–		–		–		–		–		–		–		–		258,4 k €	+427%	49 k €	-1.8%	49,9 k €
Debts	3,3 M €	+3.9%	3,2 M €	-2.4%	3,3 M €	+39.0%	2,3 M €	-33.7%	3,5 M €	+5.3%	3,4 M €	+14.7%	2,9 M €	+8.0%	2,7 M €	-3.0%	2,8 M €	-2.3%	2,9 M €	+5.4%	2,7 M €	-1.2%	2,7 M €	-34.5%	4,2 M €	+15.6%	3,6 M €	-1.6%	3,7 M €	-26.2%	5 M €	+191%	1,7 M €	-0.0%	1,7 M €
Other
Workforce	571,8 ETP	-15.6%	677,7 ETP	+5.3%	643,4 ETP	+2.3%	629,0 ETP	-4.7%	659,7 ETP	-26.3%	894,7 ETP	+51.6%	590,2 ETP	-3.6%	612,4 ETP	+2.2%	599,5 ETP	+7.3%	558,8 ETP	+5.5%	529,9 ETP	+254%	149,8 ETP	+14.4%	131,0 ETP	+9.9%	119,2 ETP	-34.0%	180,7 ETP	+121%	81,9 ETP		–		–

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 55 ended

Active mandates

Dirk Schockaert

Director · since 19 octobre 2020 · until 29 juin 2026

Active

Expert Center Daenens

Director · since 29 juin 2020 · until 29 juin 2026 · 0745.668.692

Represented by Peter Theuwis

Active

Group Fimmus

Director · since 29 juin 2020 · until 29 juin 2026 · 0640.997.774

Represented by Joris Voets

Active

Ended mandates

Fons Daenens

Director · since 29 juin 2020 · until 29 juin 2026

Ended

Fons Daenens

Director · since 21 décembre 2018 · until 29 juin 2020

Ended

Fons Daenens

Director · since 21 décembre 2018 · until 19 octobre 2020

Ended

Fons DAENENS

Director · since 21 décembre 2018 · until 18 mai 2024

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/07/2025	25/07/2024	30/08/2023	18/07/2022	23/07/2021	29/07/2020
General meeting	30/06/2025	28/06/2024	30/06/2023	30/06/2022	25/06/2021	24/07/2020
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

25 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	30/06/2025	24/07/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	25/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	30/08/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	18/07/2022	Dutch	PDF
Full model	31/12/2020	25/06/2021	23/07/2021	Dutch	PDF
Full model	31/12/2019	24/07/2020	29/07/2020	Dutch	PDF
Full model	31/12/2018	27/06/2019	09/07/2019	Dutch	PDF
Full model	31/12/2017	16/05/2018	04/06/2018	Dutch	PDF
Full model	31/12/2016	17/05/2017	06/06/2017	Dutch	PDF
Full model	31/12/2015	18/05/2016	09/06/2016	Dutch	PDF
Full model	31/12/2014	20/05/2015	05/06/2015	Dutch	PDF
Full model	31/12/2013	27/05/2014	05/06/2014	Dutch	PDF
Full model	31/12/2012	15/05/2013	11/06/2013	Dutch	PDF
Full model	31/12/2011	16/05/2012	23/05/2012	Dutch	PDF
Full model	31/12/2010	18/05/2011	10/06/2011	Dutch	PDF
Full model	31/12/2009	19/05/2010	11/08/2010	Dutch	PDF
Full model	31/12/2008	20/05/2009	26/06/2009	Dutch	PDF
Full model	31/12/2007	30/05/2008	03/07/2008	Dutch	PDF
Full model	31/12/2006	31/05/2007	26/06/2007	Dutch	PDF
Full model	31/12/2005	26/05/2006	23/06/2006	Dutch	PDF
Full model	31/12/2004	10/06/2005	30/06/2005	Dutch	PDF
Full model	31/12/2003	25/06/2004	23/07/2004	Dutch	PDF
Full model	31/12/2002	30/06/2003	30/07/2003	Dutch	PDF
Full model	31/12/2001	31/05/2002	26/07/2002	Dutch	PDF

View all 25 filings

Estimate

Indicative valuation

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 31/12/2024 · 3 active · 55 ended

Active mandates

Dirk Schockaert

Director · since 19 octobre 2020 · until 29 juin 2026

Active

Expert Center Daenens

Director · since 29 juin 2020 · until 29 juin 2026 · 0745.668.692

Represented by Peter Theuwis

Active

Group Fimmus

Director · since 29 juin 2020 · until 29 juin 2026 · 0640.997.774

Represented by Joris Voets

Active

Ended mandates

Fons Daenens

Director · since 29 juin 2020 · until 29 juin 2026

Ended

Fons Daenens

Director · since 21 décembre 2018 · until 29 juin 2020

Ended

Fons Daenens

Director · since 21 décembre 2018 · until 19 octobre 2020

Ended

Fons DAENENS

Director · since 21 décembre 2018 · until 18 mai 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/07/2025
Bekrachtiging : Benoeming commissaris en wijziging van de vaste
PDF
Restructuring21/01/2025
met fusie door overneming gelijkgestelde verrichting (overgenomen
PDF
Mandates25/11/2024
Ontslag en benoeming bestuurders.
PDF
Restructuring25/11/2024
Neerlegging fusievoorstel in verband met de met fusie door overneming
PDF
Mandates08/05/2024
Benoeming commissaris
PDF
Mandates01/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/11/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/09/2020
ONTSLAGEN - BENOEMINGEN
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

2024
Annual accounts 2024803,7 k €↑
2023
Annual accounts 2023467,1 k €↑
2022
Annual accounts 2022-1,1 M €↓
2021
Annual accounts 2021136,3 k €↓
2020
Annual accounts 2020165,6 k €↓
2019
Annual accounts 2019186,1 k €↓
2018
Annual accounts 2018219,5 k €↓
2017
Annual accounts 2017258,3 k €↓
2016
Annual accounts 2016911,6 k €↑
2015
Annual accounts 2015770 k €↑
2014
Annual accounts 2014505,6 k €↑
2013
Annual accounts 2013-38,8 k €↓
2012
Annual accounts 201286,4 k €↓
2011
Annual accounts 2011410,3 k €↓
2010
Annual accounts 2010769,2 k €↑
2009
Annual accounts 200940,1 k €↑
2008
Annual accounts 2008-219,6 €↑
2007
Annual accounts 2007-74,1 k €

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

GLAX

Overview

What does GLAX do?

Trend over 18 financial years

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