ACTIVE

D-GLAS

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Financial year 2025 · closed on 31/12/2025

Net result

-1,8 M €

-51.4% YoY

Revenue

10,4 M €

-18.1% YoY

Equity

-183,2 k €

-111.5% YoY

Workforce

45,5 ETP

-4.2% YoY

What does D-GLAS do?

D-GLAS is a Private limited company incorporated in 2006. Its registered office is in Oostende. It employs on average 45,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0882.777.994

Incorporation

31/07/2006

Legal form

Private limited company

Registered office

Heerweg 7
8400 Oostende · FlandreSee on map

Contributed capital

20 000,00 €

Latest accounts

31/12/2025

Average workforce

45,5 ETP

Joint committees (3)

Signals

Good liquidityHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	10,4 M €	-18.1%	12,7 M €	-8.8%	13,9 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	-168,6 k €	-203%	163,1 k €	-87.4%	1,3 M €	+68.2%	770,5 k €	-27.5%	1,1 M €	+75.1%	606,7 k €	-43.6%	1,1 M €	+12.8%	954,6 k €	+50.9%	632,6 k €	+27.8%	495,1 k €	+4.9%	472,1 k €	-10.0%	524,8 k €	+5.4%	498,1 k €	+23.8%	402,3 k €	+27.8%	314,8 k €	-3.3%	325,5 k €	+32.9%	245 k €	+103%	120,4 k €	+70.4%	70,6 k €
Operating result	-1,5 M €	-70.0%	-899,1 k €	-377%	324,7 k €	+167%	121,6 k €	-61.1%	312,8 k €	-46.9%	588,9 k €	-2.2%	602,1 k €	+187%	210 k €	+37.7%	152,5 k €	-19.1%	188,6 k €	-4.1%	196,8 k €	-32.2%	290,2 k €	-1.4%	294,5 k €	+35.1%	217,9 k €	+10.7%	196,8 k €	-7.3%	212,3 k €	+13.8%	186,6 k €	+149%	74,9 k €	+144%	30,7 k €
Net result	-1,8 M €	-51.4%	-1,2 M €	-708%	192,9 k €	+1348%	13,3 k €	-94.7%	251,2 k €	-49.8%	500,6 k €	+30.3%	384,2 k €	+327%	89,9 k €	+90.4%	47,2 k €	-28.4%	65,9 k €	-4.5%	69 k €	-26.2%	93,5 k €	-23.0%	121,4 k €	-71.2%	422,1 k €	+289%	108,6 k €	-11.3%	122,4 k €	+20.2%	101,8 k €	+347%	22,7 k €	+83.6%	12,4 k €
Balance sheet
Equity	-183,2 k €	-112%	1,6 M €	-42.4%	2,8 M €	+7.5%	2,6 M €	+4.8%	2,5 M €	+11.4%	2,2 M €	+29.4%	1,7 M €	+29.2%	1,3 M €	+7.3%	1,2 M €	-9.8%	1,4 M €	+6.8%	1,3 M €	+5.7%	1,2 M €	+8.4%	1,1 M €	+12.3%	989,9 k €	+74.3%	567,8 k €	+23.6%	459,3 k €	+36.3%	336,9 k €	+43.3%	235,1 k €	+44.8%	162,4 k €
Total assets	14,5 M €	-16.2%	17,3 M €	+1.8%	17 M €	+41.1%	12 M €	+9.4%	11 M €	+39.4%	7,9 M €	+25.3%	6,3 M €	-1.4%	6,4 M €	+13.2%	5,6 M €	-8.0%	6,1 M €	+9.9%	5,6 M €	+24.7%	4,5 M €	+5.9%	4,2 M €	+4.5%	4 M €	+107%	2 M €	+2.6%	1,9 M €	+27.8%	1,5 M €	+17.6%	1,3 M €	+19.8%	1,1 M €
Cash	325,3 k €	-52.5%	684,6 k €	+60.8%	425,7 k €	+24.4%	342,2 k €	-30.3%	491,1 k €	-38.2%	794,9 k €	+62.0%	490,8 k €	+23.2%	398,5 k €	+95.5%	203,9 k €	-18.5%	250,1 k €	-24.1%	329,5 k €	+38.5%	238 k €	-31.3%	346,4 k €	+121%	156,7 k €	+24.2%	126,1 k €	-13.5%	145,8 k €	-30.2%	208,9 k €	+134%	89,4 k €	+67.7%	53,3 k €
Debts	14,6 M €	-6.6%	15,6 M €	+10.5%	14,1 M €	+50.8%	9,4 M €	+11.0%	8,4 M €	+50.8%	5,6 M €	+24.9%	4,5 M €	-9.5%	5 M €	+15.3%	4,3 M €	-7.2%	4,6 M €	+11.3%	4,2 M €	+33.4%	3,1 M €	+5.4%	3 M €	+2.2%	2,9 M €	+115%	1,3 M €	-6.6%	1,4 M €	+25.3%	1,2 M €	+11.7%	1 M €	+15.2%	894,1 k €
Other
Workforce	45,5 ETP	-4.2%	47,5 ETP	+1.3%	46,9 ETP	+22.8%	38,2 ETP	+10.1%	34,7 ETP	+11.9%	31,0 ETP	+6.5%	29,1 ETP	+5.4%	27,6 ETP	+14.5%	24,1 ETP	-2.4%	24,7 ETP	+3.3%	23,9 ETP	-0.4%	24,0 ETP	+11.6%	21,5 ETP	+31.9%	16,3 ETP	+50.9%	10,8 ETP	+20.0%	9,0 ETP	+23.3%	7,3 ETP	+10.6%	6,6 ETP	+50.0%	4,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 19 ended

Active mandates

Ingelbeen

Director · since 31 mars 2025 · 0716.919.179

Represented by Dennis Ingelbeen

Active

DEROOSE PROJECTS

Director · since 28 décembre 2023 · 0880.450.291

Represented by Dirk Deroose

Active

Filip Van Hautegem

Director · since 28 décembre 2023

Active

Sem Naessens

Director · since 28 décembre 2023

Active

Veerle Naessens

Director · since 28 décembre 2023

Active

Ended mandates

DEROOSE PROJECTS

Director · since 28 décembre 2023 · 0880.450.291

Represented by Dirk Deroose

Ended

CDC Projects

Director · since 28 février 2020 · until 28 décembre 2023 · 0745.509.336

Represented by Christiaan De Clerck

Ended

CDC Projects

Director · since 28 février 2020 · 0745.509.336

Represented by Christiaan De Clerck

Ended

Koutermolen

Director · since 28 février 2020 · until 31 mars 2025 · 0738.456.347

Represented by Willy Naessens

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full 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	31/08/2026	16/07/2025	18/07/2024	13/07/2023	14/07/2022	02/07/2021
General meeting	30/06/2026	20/06/2025	20/06/2024	20/06/2023	20/06/2022	20/06/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	31/08/2026	Dutch	PDF
Full model	31/12/2024	20/06/2025	16/07/2025	Dutch	PDF
Full model	31/12/2023	20/06/2024	18/07/2024	Dutch	PDF
Abridged model	31/12/2022	20/06/2023	13/07/2023	Dutch	PDF
Abridged model	31/12/2021	20/06/2022	14/07/2022	Dutch	PDF
Abridged model	31/12/2020	20/06/2021	02/07/2021	Dutch	PDF
Abridged model	31/12/2019	20/06/2020	23/06/2020	Dutch	PDF
Abridged model	31/12/2018	20/06/2019	02/07/2019	Dutch	PDF
Abridged model	31/12/2017	20/06/2018	02/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	28/07/2017	Dutch	PDF
Abridged model	31/12/2015	20/05/2016	21/06/2016	Dutch	PDF
Abridged model	31/12/2014	24/06/2015	26/06/2015	Dutch	PDF
Abridged model	31/12/2013	07/04/2014	16/04/2014	Dutch	PDF
Abridged model	31/12/2012	07/03/2013	20/03/2013	Dutch	PDF
Abridged model	31/12/2011	07/05/2012	05/06/2012	Dutch	PDF
Abridged model	31/12/2010	06/04/2011	11/04/2011	Dutch	PDF
Abridged model	31/12/2009	20/05/2010	25/05/2010	Dutch	PDF
Abridged model	31/12/2008	10/06/2009	15/06/2009	Dutch	PDF
Abridged model	31/12/2007	24/06/2008	27/06/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 5 active · 19 ended

Active mandates

Ingelbeen

Director · since 31 mars 2025 · 0716.919.179

Represented by Dennis Ingelbeen

Active

DEROOSE PROJECTS

Director · since 28 décembre 2023 · 0880.450.291

Represented by Dirk Deroose

Active

Filip Van Hautegem

Director · since 28 décembre 2023

Active

Sem Naessens

Director · since 28 décembre 2023

Active

Veerle Naessens

Director · since 28 décembre 2023

Active

Ended mandates

DEROOSE PROJECTS

Director · since 28 décembre 2023 · 0880.450.291

Represented by Dirk Deroose

Ended

CDC Projects

Director · since 28 février 2020 · until 28 décembre 2023 · 0745.509.336

Represented by Christiaan De Clerck

Ended

CDC Projects

Director · since 28 février 2020 · 0745.509.336

Represented by Christiaan De Clerck

Ended

Koutermolen

Director · since 28 février 2020 · until 31 mars 2025 · 0738.456.347

Represented by Willy Naessens

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other02/09/2026
DIVERSEN
PDF
Mandates30/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates01/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/04/2020
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares10/01/2018
KAPITAAL - AANDELEN - BOEKJAAR
PDF
Registered office30/11/2012
MAATSCHAPPELIJKE ZETEL
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 2025-1,8 M €↓
2024
Annual accounts 2024-1,2 M €↓
2023
Annual accounts 2023192,9 k €↑
2022
Annual accounts 202213,3 k €↓
2021
Annual accounts 2021251,2 k €↓
2020
Annual accounts 2020500,6 k €↑
2019
Annual accounts 2019384,2 k €↑
2018
Annual accounts 201889,9 k €↑
2017
Annual accounts 201747,2 k €↓
2016
Annual accounts 201665,9 k €↓
2015
Annual accounts 201569 k €↓
2014
Annual accounts 201493,5 k €↓
2013
Annual accounts 2013121,4 k €↓
2012
Annual accounts 2012422,1 k €↑
2011
Annual accounts 2011108,6 k €↓
2010
Annual accounts 2010122,4 k €↑
2009
Annual accounts 2009101,8 k €↑
2008
Annual accounts 200822,7 k €↑
2007
Annual accounts 200712,4 k €
31/07/2006
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

D-GLAS

Overview

What does D-GLAS do?

Trend over 19 financial years

Indicative valuation

Board of directors

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