ACTIVE

Glasfaser Ostbelgien

Financial year 2025 · Closed on 31/12/2025

Net result-1,4 M €-473,4 %over 1 year
Gross margin-568,1 k €-88,5 %over 1 year
Equity30,2 M €-4,5 %over 1 year
Workforce1,8 ETP-10,0 %over 1 year

Identity

Source · BCE/KBO

Glasfaser Ostbelgien is a Private limited company incorporated in 2022. Its main activity is: Wired telecommunications activities. Its registered office is in Eupen. It employs on average 1,8 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0791.811.295
Incorporation
30/09/2022
Legal form
Private limited company
Registered office
Klötzerbahn 24
4700 Eupen · WallonieSee on map
Contributed capital
3 155 000,00 €
Latest accounts
31/12/2025
Average workforce
1,8 ETP
Signals
Solid equityLow riskGood liquidityHealthy social debts

Financials

Source · NBB, 3 filings

Trend over 3 financial years

202520242023
Income statement
Gross margin-568,1 k €-301,3 k €-652,6 k €
EBITDA-825,6 k €-526,9 k €-757,9 k €
Operating result-1,1 M €-528,9 k €-758,8 k €
Net result-1,4 M €-237 k €-1,3 M €
Balance sheet
Equity30,2 M €31,6 M €29,4 M €
Total assets52,6 M €51,3 M €42,3 M €
Cash18,3 M €2,9 M €2,7 M €
Debts12,4 M €9,6 M €2,9 M €
Other
Workforce1,8 ETP2,0 ETP2,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active

Active mandates

DirectorMandates in this companyPeriod
Max Munnix
Personne chargée de la gestion journalièresince 01/07/2023
Harald Mollers
Chairman of the board of directorssince 29/09/2022
Laurent De Meutter
Directorsince 29/09/2022
Maryline Dominique Serafin
Directorsince 29/09/2022
Nancy Goossens
Directorsince 29/09/2022

Full financial information

Source · NBB
202520242023
Type of accountAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202430/09/2022
Closing of the financial year31/12/202531/12/202431/12/2023
Length of the financial year12 months12 months16 months
Filing date23/06/202620/06/202526/06/2024
General meeting26/05/202627/05/202528/05/2024
Currency of the financial yearEUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 3 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202526/05/202623/06/2026FrenchPDF
Abridged model31/12/202427/05/202520/06/2025FrenchPDF
Abridged model31/12/202328/05/202426/06/2024FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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

5 active

Active mandates

DirectorMandates in this companyPeriod
Max Munnix
Personne chargée de la gestion journalièresince 01/07/2023
Harald Mollers
Chairman of the board of directorssince 29/09/2022
Laurent De Meutter
Directorsince 29/09/2022
Maryline Dominique Serafin
Directorsince 29/09/2022
Nancy Goossens
Directorsince 29/09/2022

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates03/09/2026
    Nomination
    PDF
  • Capital / shares25/06/2026
    CAPITAL, ACTIONS
    PDF
  • Capital / shares17/12/2024
    CAPITAL, ACTIONS
    PDF
  • Capital / shares06/12/2023
    CAPITAL, ACTIONS
    PDF
  • Mandates01/08/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates15/06/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Other13/10/2022
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings3 filings
Mandates
Max Munnix
Maryline Dominique Serafin
Harald Mollers
Nancy Goossens
Laurent De Meutter
20222023202420252026
Glasfaser Ostbelgien
Klötzerbahn 24, 4700 Eupen
Personne chargée de la gestion journalière
Director
Chairman of the board of directors
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Klötzerbahn 24, 4700 EupenCurrent
accounts 2023 → 2025
Accounts 2025 · 2026-00198410

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
Glasfaser OstbelgienCurrent
accounts 2023 → 2025
Accounts 2025 · 2026-00198410

Events

  1. 17/06/2026
    augmentation_capital
  2. 17/06/2026
    apport
  3. 2025
    Annual accounts 2025-1,4 M €↓
  4. 2024
    Annual accounts 2024-237 k €↑
  5. 11/12/2024
    augmentation_capital
  6. 11/12/2024
    apport
  7. 2023
    Annual accounts 2023-1,3 M €
  8. 04/12/2023
    nominationFÖRSTER Stephan · observateur
  9. 04/12/2023
    nominationBDO Réviseurs d’Entreprises · commissaire
  10. 04/12/2023
    augmentation_capitalEthias S.A.
  11. 04/12/2023
    augmentation_capitalProximus
  12. 01/07/2023
    nominationMax Munnix · CEO
  13. 31/03/2023
    nominationMadame Nonnenmacher · délégation de pouvoirs spéciale
  14. 30/09/2022
    IncorporationPrivate limited company