ACTIVE

GLENCO

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Financial year 2024 · closed on 31/12/2024

Net result

80,6 k €

+7.6% YoY

Gross margin

606,6 k €

+4.7% YoY

Equity

553,3 k €

-22.1% YoY

Workforce

5,8 ETP

-7.9% YoY

What does GLENCO do?

GLENCO is a Private limited company incorporated in 2000. Its main activity is: Forging, pressing, stamping and roll-forming of metal; powder metallurgy. Its registered office is in Schoten. It employs on average 5,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0471.360.810

Incorporation

06/03/2000

Legal form

Private limited company

Registered office

Korte Kopstraat 24
2900 Schoten · FlandreSee on map

Contributed capital

25 000,00 €

Latest accounts

31/12/2024

Average workforce

5,8 ETP

Activities (NACE)

25530Forging, pressing, stamping and roll-forming of metal; powder metallurgy· main 25620Machining 28520Manufacture of machinery and equipment n.e.c.46720Wholesale of metals and metal ores 46820Wholesale trade, except of motor vehicles and motorcycles 51520Air transport+4

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	606,6 k €	+4.7%	579,3 k €	-6.6%	620,2 k €	+47.5%	420,5 k €	-1.3%	426,1 k €	-3.3%	440,6 k €	-2.7%	452,8 k €	+4.2%	434,8 k €	+23.0%	353,4 k €	+7.3%	329,5 k €	+1.3%	325,3 k €	+36.9%	237,7 k €	-10.3%	264,9 k €	-7.5%	286,5 k €	+34.2%	213,5 k €	+8.4%	196,9 k €
EBITDA	275,2 k €	+17.7%	233,9 k €	-17.7%	284,1 k €	+92.0%	147,9 k €	-24.4%	195,7 k €	-3.4%	202,6 k €	-2.4%	207,6 k €	-14.9%	243,9 k €	+59.9%	152,5 k €	+12.8%	135,2 k €	-13.3%	156 k €	+104%	76,3 k €	-19.1%	94,4 k €	-39.0%	154,8 k €	+87.1%	82,7 k €	-15.9%	98,4 k €
Operating result	126,3 k €	+11.1%	113,7 k €	-28.2%	158,4 k €	+167%	59,4 k €	-35.4%	91,9 k €	-6.5%	98,4 k €	-4.1%	102,5 k €	+1.6%	101 k €	+39.9%	72,2 k €	+46.1%	49,4 k €	-42.2%	85,5 k €	+353%	18,9 k €	+4.8%	18 k €	-69.5%	59 k €	+94.2%	30,4 k €	+101%	15,1 k €
Net result	80,6 k €	+7.6%	75 k €	-37.5%	119,9 k €	+163%	45,6 k €	-27.2%	62,7 k €	-18.0%	76,5 k €	+4.5%	73,2 k €	+6.9%	68,5 k €	+44.7%	47,3 k €	+68.1%	28,2 k €	-56.2%	64,2 k €	+7817%	811 €	-57.3%	1,9 k €	-95.6%	43,5 k €	+213%	13,9 k €	+796%	-2 k €
Balance sheet
Equity	553,3 k €	-22.1%	710,4 k €	-26.7%	969 k €	+13.5%	853,9 k €	+5.1%	812,7 k €	+7.7%	754,8 k €	+10.6%	682,6 k €	+11.2%	614 k €	+11.5%	550,5 k €	+8.6%	506,7 k €	+5.9%	478,5 k €	+15.5%	414,3 k €	-7.9%	449,9 k €	+0.4%	448 k €	+10.7%	404,6 k €	+3.6%	390,7 k €
Total assets	1,7 M €	+4.0%	1,7 M €	-5.0%	1,8 M €	+44.6%	1,2 M €	-1.0%	1,2 M €	+28.0%	964,2 k €	-3.6%	1 M €	+4.2%	960,2 k €	+23.6%	776,6 k €	-11.9%	882 k €	+8.7%	811,2 k €	-22.1%	1 M €	+40.4%	741,4 k €	-9.0%	814,8 k €	+13.5%	717,9 k €	-8.9%	787,7 k €
Cash	46,6 k €	-70.7%	159 k €	-13.3%	183,4 k €	+28.7%	142,4 k €	-37.2%	226,9 k €	+98.6%	114,3 k €	-55.0%	253,7 k €	+87.4%	135,4 k €	+99.9%	67,7 k €	-49.5%	134,2 k €	+17.7%	114,1 k €	+38.4%	82,4 k €	-6.5%	88,1 k €	-20.5%	110,9 k €	-14.2%	129,2 k €	-14.4%	150,9 k €
Debts	1,2 M €	+23.5%	963,9 k €	+21.1%	796,2 k €	+117%	366,5 k €	-12.7%	419,9 k €	+107%	202,5 k €	-34.8%	310,8 k €	-8.3%	338,8 k €	+53.7%	220,4 k €	-41.3%	375,3 k €	+20.2%	312,2 k €	-49.4%	616,8 k €	+121%	279,7 k €	-23.6%	366,2 k €	+21.1%	302,4 k €	-21.6%	385,5 k €
Other
Workforce	5,8 ETP	-7.9%	6,3 ETP	-10.0%	7,0 ETP	+2.9%	6,8 ETP	+15.3%	5,9 ETP	+13.5%	5,2 ETP	-8.8%	5,7 ETP		–		–		4,8 ETP	+20.0%	4,0 ETP	0.0%	4,0 ETP	-20.0%	5,0 ETP	+22.0%	4,1 ETP	+10.8%	3,7 ETP	-14.0%	4,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 4 ended

Active mandates

Christel FRANCKAERT

Director

Active

Eric DE WEVER

Director

Active

Glenn DE WEVER

Director

Active

Ended mandates

Christel FRANCKAERT

Manager

Ended

Christel FRANCKERT

Manager

Ended

Christel FRANKAERT

Manager

Ended

Eric DE WEVER

Manager

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	29/09/2025	29/08/2024	01/09/2023	18/10/2022	28/10/2021	31/07/2020
General meeting	26/06/2025	27/06/2024	20/04/2023	21/04/2022	15/04/2021	11/07/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	26/06/2025	29/09/2025	Dutch	PDF
Abridged model	31/12/2023	27/06/2024	29/08/2024	Dutch	PDF
Abridged model	31/12/2022	20/04/2023	01/09/2023	Dutch	PDF
Abridged model	31/12/2021	21/04/2022	18/10/2022	Dutch	PDF
Abridged model	31/12/2020	15/04/2021	28/10/2021	Dutch	PDF
Abridged model	31/12/2019	11/07/2020	31/07/2020	Dutch	PDF
Abridged model	31/12/2018	18/04/2019	30/10/2019	Dutch	PDF
Micro model	31/12/2017	19/04/2018	25/09/2018	Dutch	PDF
Micro model	31/12/2016	20/04/2017	28/09/2017	Dutch	PDF
Abridged model	31/12/2015	21/04/2016	15/11/2016	Dutch	PDF
Abridged model	31/12/2014	16/04/2015	21/10/2015	Dutch	PDF
Abridged model	31/12/2013	17/04/2014	30/09/2014	Dutch	PDF
Abridged model	31/12/2012	18/04/2013	31/07/2013	Dutch	PDF
Abridged model	31/12/2011	19/04/2012	29/08/2012	Dutch	PDF
Abridged model	31/12/2010	21/04/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	15/04/2010	30/08/2010	Dutch	PDF
Abridged model	31/12/2008	16/04/2009	30/06/2009	Dutch	PDF
Abridged model	31/12/2007	17/04/2008	30/06/2008	Dutch	PDF
Abridged model	31/12/2006	19/04/2007	28/09/2007	Dutch	PDF

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.

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 · 4 ended

Active mandates

Christel FRANCKAERT

Director

Active

Eric DE WEVER

Director

Active

Glenn DE WEVER

Director

Active

Ended mandates

Christel FRANCKAERT

Manager

Ended

Christel FRANCKERT

Manager

Ended

Christel FRANKAERT

Manager

Ended

Eric DE WEVER

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/06/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Capital / shares29/01/2014
KAPITAAL - AANDELEN
PDF
Other19/02/2004
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202480,6 k €↑
2023
Annual accounts 202375 k €↓
2022
Annual accounts 2022119,9 k €↑
2021
Annual accounts 202145,6 k €↓
2020
Annual accounts 202062,7 k €↓
2019
Annual accounts 201976,5 k €↑
2018
Annual accounts 201873,2 k €↑
2017
Annual accounts 201768,5 k €↑
2016
Annual accounts 201647,3 k €↑
2015
Annual accounts 201528,2 k €↓
2014
Annual accounts 201464,2 k €↑
2013
Annual accounts 2013811 €↓
2012
Annual accounts 20121,9 k €↓
2011
Annual accounts 201143,5 k €↑
2010
Annual accounts 201013,9 k €↑
2009
Annual accounts 2009-2 k €
06/03/2000
IncorporationPrivate 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

GLENCO

Overview

What does GLENCO do?

Trend over 16 financial years

Indicative valuation

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