ACTIVE

Group GL

Financial year 2025 · Closed on 31/12/2025

Net result1,2 M €-87,7 %over 1 year

Revenue2,5 M €-21,2 %over 1 year

Equity32,5 M €+4,0 %over 1 year

Identity

Source · BCE/KBO

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· main 68122Buying and selling of own real estate 41101Development of building projects 64200Activities of holding companies 64210Activities of holding companies 68121Buying and selling of own real estate+5

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 17 filings

Trend over 17 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	2,5 M €	-21.2%	3,1 M €	-88.9%	28,2 M €	+1080%	2,4 M €	+0.3%	2,4 M €
EBITDA	361,7 k €	-41.0%	612,7 k €	-92.4%	8 M €	+286%	2,1 M €	+988%	191,9 k €
Operating result	314,6 k €	-61.4%	815,2 k €	-89.8%	8 M €	+292%	2 M €	+1347%	141 k €
Net result	1,2 M €	-87.7%	10,1 M €	+50.5%	6,7 M €	+1607%	-445,3 k €	-123%	1,9 M €
Balance sheet
Equity	32,5 M €	+4.0%	31,2 M €	+47.8%	21,1 M €	+46.5%	14,4 M €	-3.0%	14,9 M €
Total assets	55 M €	-2.8%	56,6 M €	+6.2%	53,3 M €	-1.8%	54,3 M €	-6.2%	57,8 M €
Cash	15,9 k €	-92.9%	224,6 k €	-14.8%	263,5 k €	-31.0%	382,1 k €	-27.7%	528,2 k €
Debts	22,5 M €	-10.1%	25 M €	-19.5%	31,1 M €	-19.9%	38,8 M €	-7.7%	42 M €
Other
Workforce	–		–		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Ghislain Lenaers	Managing director01/09/2020 → 29/06/2026Director29/06/2013 → 2019 accountsended
John Lenaers	Managing director16/07/2016 → 29/06/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
GL PROPERTIES0890.036.168Represented by Ghislain Lenaers	Managing director29/06/2013 → 2019 accounts
Budgetslager Holding0899.790.806Represented by Ghislain Frederic Maria LENAERS	Director01/12/2008 → 2010 accounts

Other companies at this address

Centrum-Zuid 3053 3530 Houthalen-Helchteren

Company	CBE no.
2B Hasselt● Active	0749.651.830
AEROCAROLO DEVELOPMENT● Active	0694.635.806
AEROCAROLO OFFICES● Active	0694.633.925
Algemene Ondernemingen G. LENAERS● Active	0425.038.657
ANDRATX 2● Active	1037.892.080
BEDRIJVENPARK NEKKERSPOEL● Active	0466.662.347
BELISIA● Active	0659.850.319
Bergbeemden● Active	0635.625.558
BSL CONSTRUCT● Active	0433.401.740
De Watersnip● Active	0699.903.203
GL FOOD MARKET● Active	0723.436.589
GL-IMMO● Active	0450.426.428
GLOM● Active	0792.843.455
GLOM Construct● Active	1022.194.017
GL PROPERTIES● Active	0890.036.168
GROEN BRUGGE 2● Active	0808.545.874
GROUP GL International● Active	0426.207.607
MAAS IMMOBILIEN BEDRIJF● Active	0473.786.897
MOBILEX● Active	0435.700.046
MOLENWEIDE VASTGOED● Active	0892.119.193

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	25/08/2026	27/08/2025	23/08/2024	24/08/2023	07/10/2022	28/10/2021
General meeting	13/08/2026	14/08/2025	14/08/2024	03/08/2023	29/08/2022	23/09/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 17 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	13/08/2026	25/08/2026	Dutch	PDF
Full model	31/12/2024	14/08/2025	27/08/2025	Dutch	PDF
Full model	31/12/2023	14/08/2024	23/08/2024	Dutch	PDF
Full model	31/12/2022	03/08/2023	24/08/2023	Dutch	PDF
Full model	31/12/2021	29/08/2022	07/10/2022	Dutch	PDF
Full model	31/12/2020	23/09/2021	28/10/2021	Dutch	PDF
Full model	31/12/2019	01/09/2020	02/10/2020	Dutch	PDF
Full model	31/12/2018	28/08/2019	28/08/2019	Dutch	PDF
Full model	31/12/2017	10/07/2018	30/08/2018	Dutch	PDF
Full model	31/12/2016	14/09/2017	19/09/2017	Dutch	PDF
Full model	31/12/2015	23/07/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	07/10/2015	07/10/2015	Dutch	PDF
Abridged model	31/12/2013	16/07/2014	30/09/2014	Dutch	PDF
Abridged model	31/12/2012	29/06/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	30/08/2012	Dutch	PDF
Abridged model	31/12/2010	29/06/2011	03/08/2011	Dutch	PDF
Abridged model	31/12/2009	29/06/2010	01/09/2010	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Ghislain Lenaers	Managing director01/09/2020 → 29/06/2026Director29/06/2013 → 2019 accountsended
John Lenaers	Managing director16/07/2016 → 29/06/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
GL PROPERTIES0890.036.168Represented by Ghislain Lenaers	Managing director29/06/2013 → 2019 accounts
Budgetslager Holding0899.790.806Represented by Ghislain Frederic Maria LENAERS	Director01/12/2008 → 2010 accounts

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates18/09/2026
Ontslag en benoeming bestuurders en gedelegeerd bestuurders |
PDF
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

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

Filings17 filings

Mandates

Ghislain Lenaers

John Lenaers

GL PROPERTIES

Budgetslager Holding

Ghislain Frederic Maria LENAERS

2008200920102011201220132014201520162017201820192020202120222023202420252026

Group GL

Centrum-Zuid 3053, 3530 Houthalen-Helchteren

Managing directorDirector

Managing director

Managing directorDirector

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Centrum-Zuid 3053, 3530 Houthalen-HelchterenCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00424065

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Group GLCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00424065

Events

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

Group GL

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events