ACTIVE

GLASCENTRALE

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Financial year 2025 · closed on 31/12/2025

Net result

-49,1 k €

+0.5% YoY

Gross margin

1,4 M €

+12.4% YoY

Equity

1,7 M €

-2.8% YoY

Workforce

19,5 ETP

+2.6% YoY

What does GLASCENTRALE do?

GLASCENTRALE is a Private limited company incorporated in 2003. Its main activity is: Manufacture of flat glass. Its registered office is in Wevelgem. It employs on average 19,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0859.823.044

Incorporation

29/07/2003

Legal form

Private limited company

Registered office

Kortrijkstraat 236
8560 Wevelgem · FlandreSee on map

Contributed capital

1 332 600,00 €

Latest accounts

31/12/2025

Average workforce

19,5 ETP

Activities (NACE)

23110Manufacture of flat glass· main 23110Manufacture of flat glass 26110Manufacture of electronic components 43343Painting and glazing 43343Painting and glazing 45442Sale, maintenance and repair of motorcycles and related parts and accessories+2

Joint committees (4)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,4 M €	+12.4%	1,3 M €	-22.5%	1,6 M €	-0.8%	1,6 M €	+22.9%	1,3 M €	-0.8%	1,3 M €	-0.2%	1,4 M €	+9.2%	1,2 M €	-10.8%	1,4 M €	+3.3%	1,3 M €	+3.3%	1,3 M €	-23.6%	1,7 M €	+4.5%	1,6 M €	-16.5%	1,9 M €	-5.3%	2,1 M €	+10.0%	1,9 M €	+4.4%	1,8 M €	+2.8%	1,7 M €	-7.2%	1,9 M €	+15.8%	1,6 M €
EBITDA	46,6 k €	+9.7%	42,5 k €	-83.9%	263,8 k €	-6.8%	283,1 k €	+126%	125,5 k €	-47.1%	237,3 k €	+97.9%	119,9 k €	+599%	17,1 k €	-92.5%	228,1 k €	+25.5%	181,7 k €	+71.7%	105,8 k €	-71.4%	370 k €	+4.9%	352,6 k €	-42.6%	614,8 k €	+9.8%	560 k €	-1.5%	568,4 k €	-26.3%	771 k €	+41.2%	546 k €	-21.9%	698,7 k €	+32.9%	525,7 k €
Operating result	-44,8 k €	+11.8%	-50,9 k €	-132%	160,4 k €	-0.4%	161 k €	+3604%	-4,6 k €	-106%	79,7 k €	+331%	-34,6 k €	+77.7%	-154,7 k €	-819%	21,5 k €	-20.1%	26,9 k €	+192%	-29,4 k €	-119%	153,8 k €	+164%	58,2 k €	-86.3%	423,6 k €	+15.8%	365,8 k €	+7.4%	340,6 k €	-47.2%	644,8 k €	+52.5%	422,9 k €	-30.8%	611,2 k €	+53.6%	398 k €
Net result	-49,1 k €	+0.5%	-49,4 k €	-150%	99,3 k €	-32.4%	147 k €	+979%	-16,7 k €	-122%	77,4 k €	+410%	-25 k €	+86.5%	-185,5 k €	-1738%	11,3 k €	-53.9%	24,6 k €	+135%	-70 k €	-171%	98,5 k €	+190%	34 k €	-87.6%	274,9 k €	+17.1%	234,8 k €	+3.4%	227 k €	-47.7%	434 k €	+62.5%	267,1 k €	-34.8%	409,9 k €	+48.2%	276,6 k €
Balance sheet
Equity	1,7 M €	-2.8%	1,8 M €	-18.8%	2,2 M €	+4.8%	2,1 M €	+4.9%	2 M €	-0.8%	2 M €	+4.0%	1,9 M €	-1.3%	1,9 M €	-8.7%	2,1 M €	+0.5%	2,1 M €	+1.2%	2,1 M €	-3.2%	2,2 M €	+4.8%	2,1 M €	-6.9%	2,2 M €	+14.1%	1,9 M €	+13.7%	1,7 M €	+15.3%	1,5 M €	+35.0%	1,1 M €	+32.1%	831,3 k €	+97.3%	421,4 k €
Total assets	1,9 M €	-3.9%	2 M €	-21.0%	2,5 M €	-3.7%	2,6 M €	+6.2%	2,5 M €	+12.9%	2,2 M €	-6.6%	2,3 M €	+4.8%	2,2 M €	-7.7%	2,4 M €	-0.0%	2,4 M €	+12.1%	2,1 M €	-7.1%	2,3 M €	-1.6%	2,3 M €	-7.1%	2,5 M €	+6.3%	2,4 M €	+1.0%	2,4 M €	+18.9%	2 M €	+12.5%	1,8 M €	-9.4%	1,9 M €	+20.4%	1,6 M €
Cash	407,2 k €	+133%	174,5 k €	-79.5%	852,5 k €	+42.5%	598,4 k €	-29.5%	849,3 k €	+3.9%	817,3 k €	+13.9%	717,4 k €	+19.6%	599,8 k €	+3.9%	577,4 k €	+3.3%	559 k €	+21.6%	459,7 k €	-8.0%	499,7 k €	+27.3%	392,5 k €	-44.6%	708 k €	+33.1%	532 k €	+32.1%	402,7 k €	-29.2%	568,4 k €	+99.3%	285,1 k €	+10.5%	258 k €	-15.8%	306,2 k €
Debts	185 k €	-13.2%	213,2 k €	-25.2%	285 k €	-38.1%	460,6 k €	+9.3%	421,4 k €	+140%	175,2 k €	-51.1%	358,4 k €	+63.5%	219,2 k €	-3.5%	227,1 k €	-19.4%	281,6 k €	+447%	51,5 k €	-64.5%	145,2 k €	-47.9%	278,7 k €	-10.1%	310 k €	-28.6%	434,4 k €	-32.7%	645,1 k €	+30.0%	496,3 k €	-8.1%	540 k €	-45.5%	991,2 k €	-10.0%	1,1 M €
Other
Workforce	19,5 ETP	+2.6%	19,0 ETP	-7.3%	20,5 ETP	-10.1%	22,8 ETP	+5.6%	21,6 ETP	+2.4%	21,1 ETP	-6.6%	22,6 ETP	-2.2%	23,1 ETP	+0.4%	23,0 ETP	+2.7%	22,4 ETP	-3.9%	23,3 ETP	-11.4%	26,3 ETP	-2.2%	26,9 ETP	+1.5%	26,5 ETP	-1.9%	27,0 ETP	-1.5%	27,4 ETP	+2.6%	26,7 ETP	0.0%	26,7 ETP	-1.8%	27,2 ETP	+0.4%	27,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 6 ended

Active mandates

IMMODES

Director · 0405.486.229

Represented by Marc DESMET

Active

Sandy DESMET

Director

Active

Yannick DESMET

Director

Active

Ended mandates

Anne-Marie COULIE

Director · until 02 mai 2023

Ended

Anne-Marie COULIE

Director

Ended

ANNE-MARIE COULIE

Manager

Ended

IMMODES

Manager · 0405.486.229

Ended

At this address

Other companies at this address

Company	CBE no.
ARLI● Active	0474.773.131
DESMET● Active	0827.844.223
IMMODES● Active	0405.486.229

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	14/07/2026	14/07/2025	08/07/2024	29/06/2023	21/06/2022	07/06/2021
General meeting	30/06/2026	30/06/2025	27/06/2024	01/06/2023	02/06/2022	03/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	14/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	14/07/2025	Dutch	PDF
Abridged model	31/12/2023	27/06/2024	08/07/2024	Dutch	PDF
Abridged model	31/12/2022	01/06/2023	29/06/2023	Dutch	PDF
Abridged model	31/12/2021	02/06/2022	21/06/2022	Dutch	PDF
Abridged model	31/12/2020	03/06/2021	07/06/2021	Dutch	PDF
Abridged model	31/12/2019	04/06/2020	16/06/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	19/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	23/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	26/07/2017	Dutch	PDF
Abridged model	31/12/2015	02/06/2016	24/06/2016	Dutch	PDF
Abridged model	31/12/2014	04/06/2015	24/06/2015	Dutch	PDF
Abridged model	31/12/2013	26/06/2014	30/06/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	24/07/2013	Dutch	PDF
Abridged model	31/12/2011	07/06/2012	28/06/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	25/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	30/07/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	25/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	08/08/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	25/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 3 active · 6 ended

Active mandates

IMMODES

Director · 0405.486.229

Represented by Marc DESMET

Active

Sandy DESMET

Director

Active

Yannick DESMET

Director

Active

Ended mandates

Anne-Marie COULIE

Director · until 02 mai 2023

Ended

Anne-Marie COULIE

Director

Ended

ANNE-MARIE COULIE

Manager

Ended

IMMODES

Manager · 0405.486.229

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/12/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares02/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates05/05/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/09/2005
ONTSLAGEN - BENOEMINGEN
PDF
Other05/08/2003
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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

2025
Annual accounts 2025-49,1 k €↑
2024
Annual accounts 2024-49,4 k €↓
2023
Annual accounts 202399,3 k €↓
2022
Annual accounts 2022147 k €↑
2021
Annual accounts 2021-16,7 k €↓
2020
Annual accounts 202077,4 k €↑
2019
Annual accounts 2019-25 k €↑
2018
Annual accounts 2018-185,5 k €↓
2017
Annual accounts 201711,3 k €↓
2016
Annual accounts 201624,6 k €↑
2015
Annual accounts 2015-70 k €↓
2014
Annual accounts 201498,5 k €↑
2013
Annual accounts 201334 k €↓
2012
Annual accounts 2012274,9 k €↑
2011
Annual accounts 2011234,8 k €↑
2010
Annual accounts 2010227 k €↓
2009
Annual accounts 2009434 k €↑
2008
Annual accounts 2008267,1 k €↓
2007
Annual accounts 2007409,9 k €↑
2006
Annual accounts 2006276,6 k €
29/07/2003
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

GLASCENTRALE

Overview

What does GLASCENTRALE do?

Trend over 20 financial years

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