OPENING OF BANKRUPTCY

GLEAN ART

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Financial year 2025 · closed on 31/12/2025

Net result

-70,7 k €

-365.0% YoY

Gross margin

-38,0 k €

-130.2% YoY

Equity

-93,1 k €

-314.9% YoY

Company — Opening of bankruptcy.

Strike-off: 18 septembre 2026

What does GLEAN ART do?

GLEAN ART is a Private limited company incorporated in 2005. Its main activity is: Manufacture of rubber products. Its registered office is in Bruxelles.

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0877.757.651

Incorporation

07/12/2005

Legal form

Private limited company

Registered office

Rue du Vieux Marché aux Grains 28
1000 Bruxelles · BruxellesSee on map

Contributed capital

135 750,00 €

Latest accounts

31/12/2025

Activities (NACE)

22130Manufacture of rubber products· main 58130Publishing of newspapers 58140Publishing of journals and periodicals

Joint committees (1)

20000

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-38,0 k €	-130%	125,8 k €	+545%	-28,2 k €	-228%	22,0 k €	+281%	-12,2 k €	-109%	137,2 k €	+107%	66,1 k €	+23.3%	53,6 k €	-34.2%	81,6 k €	+13.8%	71,7 k €	+13.5%	63,2 k €	+180%	22,6 k €	+40.2%	16,1 k €	-65.3%	46,5 k €	+94.4%	23,9 k €	+209%	-22,0 k €	-328%	-5,1 k €	+42.2%	-8,9 k €
EBITDA	-65,3 k €	-314%	30,5 k €	+149%	-61,9 k €	-466%	16,9 k €	+160%	-28,2 k €	-136%	78,9 k €	+1555%	-5,4 k €	+73.9%	-20,8 k €	-441%	6,1 k €	+96.4%	3,1 k €	+3490%	-91,4 €	+99.1%	-10,3 k €	+44.4%	-18,6 k €	-781%	-2,1 k €	+75.1%	-8,4 k €	+77.5%	-37,5 k €	-595%	-5,4 k €	+42.2%	-9,3 k €
Operating result	-68,6 k €	-352%	27,2 k €	+141%	-66,1 k €	-699%	11,0 k €	+133%	-33,4 k €	-144%	76,4 k €	+1360%	-6,1 k €	+73.3%	-22,7 k €	-632%	4,3 k €	+62.9%	2,6 k €	+565%	-564,9 €	+94.5%	-10,3 k €	+44.4%	-18,6 k €	-724%	-2,3 k €	+73.8%	-8,6 k €	+77.2%	-37,7 k €	-598%	-5,4 k €	+42.2%	-9,3 k €
Net result	-70,7 k €	-365%	26,7 k €	+139%	-67,6 k €	-884%	8,6 k €	+125%	-34,9 k €	-158%	60,7 k €	+944%	-7,2 k €	+71.1%	-24,8 k €	-1802%	1,5 k €	+212%	467,5 €	+116%	-2,9 k €	-146%	6,4 k €	+1437%	415,5 €	+113%	-3,1 k €	+47.8%	-6,0 k €	-155%	10,9 k €	+304%	-5,3 k €	+9.4%	-5,9 k €
Balance sheet
Equity	-93,1 k €	-315%	-22,4 k €	+54.3%	-49,1 k €	-33.7%	-36,7 k €	+19.0%	-45,4 k €	-143%	105,5 k €	+135%	44,8 k €	-13.8%	52,0 k €	-32.3%	76,8 k €	+1.9%	75,4 k €	+0.6%	74,9 k €	-3.8%	77,8 k €	+8.9%	71,5 k €	+0.6%	71,0 k €	-4.2%	74,2 k €	-7.5%	80,2 k €	+15.7%	69,3 k €	+7.3%	64,6 k €
Total assets	52,2 k €	-38.3%	84,6 k €	-48.4%	164,0 k €	+11.4%	147,1 k €	+81.6%	81,0 k €	-36.5%	127,5 k €	+33.3%	95,7 k €	+12.1%	85,4 k €	-33.0%	127,5 k €	-3.2%	131,7 k €	+15.9%	113,7 k €	-3.5%	117,9 k €	+3.0%	114,5 k €	+3.8%	110,2 k €	+13.1%	97,5 k €	-10.1%	108,5 k €	+0.7%	107,7 k €	+32.4%	81,4 k €
Cash	–		134,2 €	-76.7%	576,7 €		0,0 €	-100%	11,5 k €	-81.7%	62,9 k €	+79.2%	35,1 k €	+78.5%	19,7 k €	-21.4%	25,0 k €	-44.9%	45,4 k €	+0.4%	45,2 k €	-31.8%	66,2 k €	+69.2%	39,2 k €	-6.9%	42,1 k €	-36.2%	66,0 k €	-1.5%	67,0 k €	+51.9%	44,1 k €	-20.7%	55,6 k €
Debts	145,3 k €	+35.7%	107,1 k €	-49.7%	213,0 k €	+16.0%	183,6 k €	+46.1%	125,7 k €	+565%	18,9 k €	-54.2%	41,2 k €	+25.8%	32,8 k €	-34.4%	49,9 k €	-11.4%	56,4 k €	+45.3%	38,8 k €	-3.1%	40,0 k €	-6.9%	43,0 k €	+9.8%	39,2 k €	+68.3%	23,3 k €	+29.4%	18,0 k €	-53.1%	38,4 k €	+129%	16,7 k €
Other
Workforce	–		–		–		–		–		–		–		–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+100%	0,5 ETP	0.0%	0,5 ETP	-50.0%	1,0 ETP	+11.1%	0,9 ETP	+80.0%	0,5 ETP		–		–

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 7 ended

Active mandates

Kathleen WEYTS

Director · since 01 janvier 2019

Active

Ended mandates

Kathleen WEYTS

Manager · since 01 janvier 2019

Ended

Marc RUYTERS

Manager · since 27 février 2018

Ended

Natalie BRAINE

Manager · since 16 juin 2015 · until 16 février 2018

Ended

Marc RUYTERS

Manager · since 22 novembre 2005 · until 01 janvier 2019

Ended

At this address

Other companies at this address

Company	CBE no.
PANACHE WORKS● Active	0701.849.240

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	27/08/2026	02/04/2026	30/01/2026	30/08/2023	29/07/2022	31/08/2021
General meeting	04/08/2026	24/03/2026	22/12/2024	30/06/2023	21/06/2022	27/06/2021
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
Micro model	31/12/2025	04/08/2026	27/08/2026	Dutch	PDF
Micro model	31/12/2024	24/03/2026	02/04/2026	Dutch	PDF
Micro model	31/12/2023	22/12/2024	30/01/2026	Dutch	PDF
Micro model	31/12/2022	30/06/2023	30/08/2023	Dutch	PDF
Micro model	31/12/2021	21/06/2022	29/07/2022	Dutch	PDF
Micro model	31/12/2020	27/06/2021	31/08/2021	Dutch	PDF
Micro model	31/12/2019	16/06/2020	02/10/2020	Dutch	PDF
Micro model	31/12/2018	18/06/2019	19/07/2019	Dutch	PDF
Micro model	31/12/2017	28/06/2018	26/07/2018	Dutch	PDF
Micro model	31/12/2016	20/06/2017	04/07/2017	Dutch	PDF
Abridged model	31/12/2015	14/06/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	16/06/2015	22/06/2015	Dutch	PDF
Abridged model	31/12/2013	17/06/2014	29/07/2014	Dutch	PDF
Abridged model	31/12/2012	18/06/2013	20/08/2013	Dutch	PDF
Abridged model	31/12/2011	19/06/2012	06/07/2012	Dutch	PDF
Abridged model	31/12/2010	21/06/2011	23/08/2011	Dutch	PDF
Abridged model	31/12/2009	15/06/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	26/03/2009	27/03/2009	Dutch	PDF
Abridged model	31/12/2007	26/03/2008	26/03/2008	Dutch	PDF
Abridged model	31/12/2006	19/06/2007	21/06/2007	Dutch	PDF

Estimate

Indicative valuation

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 · 1 active · 7 ended

Active mandates

Kathleen WEYTS

Director · since 01 janvier 2019

Active

Ended mandates

Kathleen WEYTS

Manager · since 01 janvier 2019

Ended

Marc RUYTERS

Manager · since 27 février 2018

Ended

Natalie BRAINE

Manager · since 16 juin 2015 · until 16 février 2018

Ended

Marc RUYTERS

Manager · since 22 novembre 2005 · until 01 janvier 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office29/05/2026
MAATSCHAPPELIJKE ZETEL
PDF
Registered office09/10/2023
BENAMING - MAATSCHAPPELIJKE ZETEL - DIVERSEN
PDF
Mandates24/07/2023
WIJZIGING RECHTSVORM - DIVERSEN - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/03/2019
ONTSLAGEN - BENOEMINGEN
PDF
Registered office23/07/2018
MAATSCHAPPELIJKE ZETEL
PDF
Mandates21/03/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/11/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/07/2015
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
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 2025-70,7 k €↓
2024
Annual accounts 202426,7 k €↑
2023
Annual accounts 2023-67,6 k €↓
2023
Name changeGLEAN ART
2022
Annual accounts 20228,6 k €↑
2021
Annual accounts 2021-34,9 k €↓
2021
Name changeH ART
2018
Annual accounts 201860,7 k €↑
2017
Annual accounts 2017-7,2 k €↑
2016
Annual accounts 2016-24,8 k €↓
2015
Annual accounts 20151,5 k €↑
2014
Annual accounts 2014467,5 €↑
2013
Annual accounts 2013-2,9 k €↓
2012
Annual accounts 20126,4 k €↑
2011
Annual accounts 2011415,5 €↑
2010
Annual accounts 2010-3,1 k €↑
2009
Annual accounts 2009-6,0 k €↓
2008
Annual accounts 200810,9 k €↑
2007
Annual accounts 2007-5,3 k €↑
2006
Annual accounts 2006-5,9 k €
07/12/2005
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

GLEAN ART

Overview

What does GLEAN ART do?

Trend over 18 financial years

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