ACTIVE

Group GL

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Financial year 2025 · closed on 31/12/2025
Net result
1,2 M €
-87.7% YoY
Revenue
2,5 M €
-21.2% YoY
Equity
32,5 M €
+4.0% YoY

What does Group GL do?

Group GL is a Public limited company incorporated in 2008. Its main activity is: Development of building projects. Its registered office is in Houthalen-Helchteren.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0808.091.657
Incorporation
27/11/2008
Legal form
Public limited company
Registered office
Centrum-Zuid 3053
3530 Houthalen-Helchteren · FlandreSee on map
Contributed capital
240 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
41102Development of building projects· main68122Buying and selling of own real estate41101Development of building projects64200Activities of holding companies64210Activities of holding companies68121Buying and selling of own real estate+5
Joint committees (1)
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 17 financial years

20252024202320222021202020192018201720162015201420132012201120102009
Income statement
Revenue2,5 M €3,1 M €28,2 M €2,4 M €2,4 M €6,1 M €18,9 M €4,9 M €8,0 M €9,4 M €5,6 M €––––––
EBITDA361,7 k €612,7 k €8,0 M €2,1 M €191,9 k €979,2 k €4,4 M €-602,8 k €3,1 M €2,7 M €584,1 k €-974,6 k €-567,3 k €-777,4 k €-1,3 M €-1,5 M €-195,5 k €
Operating result314,6 k €815,2 k €8,0 M €2,0 M €141,0 k €973,3 k €4,4 M €-622,9 k €3,0 M €2,7 M €522,7 k €-1,0 M €-615,9 k €-861,3 k €-1,4 M €-1,6 M €-267,8 k €
Net result1,2 M €10,1 M €6,7 M €-445,3 k €1,9 M €557,7 k €3,8 M €1,9 M €2,8 M €2,4 M €1,8 M €1,2 M €4,2 M €-1,4 M €-2,8 M €-1,4 M €-353,5 k €
Balance sheet
Equity32,5 M €31,2 M €21,1 M €14,4 M €14,9 M €13,0 M €12,4 M €8,6 M €6,7 M €3,8 M €1,5 M €-301,5 k €-1,5 M €-5,7 M €-4,3 M €-1,5 M €-113,5 k €
Total assets55,0 M €56,6 M €53,3 M €54,3 M €57,8 M €61,0 M €52,8 M €51,9 M €43,2 M €39,0 M €30,7 M €28,6 M €30,0 M €26,2 M €22,4 M €25,5 M €19,5 M €
Cash15,9 k €224,6 k €263,5 k €382,1 k €528,2 k €1,3 M €3,5 k €384,1 k €196,4 k €1,9 M €833,8 k €18,8 k €69,6 k €5,7 k €80,7 k €129,5 k €2,0 k €
Debts22,5 M €25,0 M €31,1 M €38,8 M €42,0 M €47,1 M €39,3 M €42,1 M €35,2 M €34,0 M €28,0 M €27,7 M €30,4 M €30,7 M €25,5 M €25,9 M €19,6 M €
Other
Workforce––––––––––8,8 ETP9,6 ETP12,6 ETP13,8 ETP16,3 ETP15,4 ETP16,3 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 31/12/2025 · 2 active · 17 ended

Active mandates

Ghislain Lenaers

Managing director · since 01 septembre 2020 · until 29 juin 2026

Active
John Lenaers

Managing director · since 01 septembre 2020 · until 29 juin 2026

Active

Ended mandates

Ghislain Lenaers

Managing director · since 10 septembre 2020 · until 29 juin 2025

Ended
Ghislain Lenaers

Managing director · since 01 septembre 2020 · until 29 juin 2025

Ended
John Lenaers

Managing director · since 01 septembre 2020 · until 29 juin 2025

Ended
Ghislain Lenaers

Director · since 16 juillet 2016 · until 29 juin 2020

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date25/08/202627/08/202523/08/202424/08/202307/10/202228/10/2021
General meeting13/08/202614/08/202514/08/202403/08/202329/08/202223/09/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

17 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202513/08/202625/08/2026DutchPDF
Full model31/12/202414/08/202527/08/2025DutchPDF
Full model31/12/202314/08/202423/08/2024DutchPDF
Full model31/12/202203/08/202324/08/2023DutchPDF
Full model31/12/202129/08/202207/10/2022DutchPDF
Full model31/12/202023/09/202128/10/2021DutchPDF
Full model31/12/201901/09/202002/10/2020DutchPDF
Full model31/12/201828/08/201928/08/2019DutchPDF
Full model31/12/201710/07/201830/08/2018DutchPDF
Full model31/12/201614/09/201719/09/2017DutchPDF
Full model31/12/201523/07/201631/08/2016DutchPDF
Abridged model31/12/201407/10/201507/10/2015DutchPDF
Abridged model31/12/201316/07/201430/09/2014DutchPDF
Abridged model31/12/201229/06/201329/08/2013DutchPDF
Abridged model31/12/201129/06/201230/08/2012DutchPDF
Abridged model31/12/201029/06/201103/08/2011DutchPDF
Abridged model31/12/200929/06/201001/09/2010DutchPDF
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 31/12/2025 · 2 active · 17 ended

Active mandates

Ghislain Lenaers

Managing director · since 01 septembre 2020 · until 29 juin 2026

Active
John Lenaers

Managing director · since 01 septembre 2020 · until 29 juin 2026

Active

Ended mandates

Ghislain Lenaers

Managing director · since 10 septembre 2020 · until 29 juin 2025

Ended
Ghislain Lenaers

Managing director · since 01 septembre 2020 · until 29 juin 2025

Ended
John Lenaers

Managing director · since 01 septembre 2020 · until 29 juin 2025

Ended
Ghislain Lenaers

Director · since 16 juillet 2016 · until 29 juin 2020

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates25/09/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates01/03/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/12/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/10/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates01/10/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other17/02/2016
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates29/01/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other26/01/2016
    DOEL - 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

Timeline

  1. 2025
    Annual accounts 20251,2 M €↓
  2. 2024
    Annual accounts 202410,1 M €↑
  3. 14/08/2024
    nominationLuk Ostyn — vaste vertegenwoordiger (commissaris)
  4. 2023
    Annual accounts 20236,7 M €↑
  5. 2022
    Annual accounts 2022-445,3 k €↓
  6. 2021
    Annual accounts 20211,9 M €↑
  7. 2020
    Annual accounts 2020557,7 k €↓
  8. 2019
    Annual accounts 20193,8 M €↑
  9. 2018
    Annual accounts 20181,9 M €↓
  10. 2017
    Annual accounts 20172,8 M €↑
  11. 2016
    Annual accounts 20162,4 M €↑
  12. 2015
    Annual accounts 20151,8 M €↑
  13. 2014
    Annual accounts 20141,2 M €↓
  14. 26/06/2014
    revocationRobert Notredame — dagelijkse leiding
  15. 26/06/2014
    revocationPatrick Koster — dagelijkse leiding
  16. 2013
    Annual accounts 20134,2 M €↑
  17. 2012
    Annual accounts 2012-1,4 M €↑
  18. 2011
    Annual accounts 2011-2,8 M €↓
  19. 2010
    Annual accounts 2010-1,4 M €↓
  20. 2009
    Annual accounts 2009-353,5 k €
  21. 27/11/2008
    IncorporationPublic limited company