ACTIVE

GL PROPERTIES

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Financial year 2025 · closed on 31/12/2025

Net result

231,4 k €

-96.0% YoY

Revenue

135 k €

-78.5% YoY

Equity

8 M €

+3.0% YoY

What does GL PROPERTIES do?

GL PROPERTIES is a Public limited company incorporated in 2007. Its registered office is in Houthalen-Helchteren.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0890.036.168

Incorporation

13/06/2007

Legal form

Public limited company

Registered office

Centrum-Zuid 3053
3530 Houthalen-Helchteren · FlandreSee on map

Contributed capital

150 000,00 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	135 k €	-78.5%	626,9 k €	+119%	286,6 k €	+10.5%	259,4 k €	+6.3%	244,1 k €	+10.4%	221,1 k €	-13.5%	255,6 k €	+9.7%	232,9 k €	-9.8%	258,3 k €	+13.1%	228,4 k €	+1.8%	224,4 k €		–		–		–		–		–		–		–
EBITDA	65,7 k €	-82.4%	373,7 k €	+255%	105,3 k €	+48.3%	71 k €	-81.8%	389,9 k €	+245%	112,9 k €	+122%	50,8 k €	+59.0%	31,9 k €	-30.8%	46,1 k €	+430%	8,7 k €	+104%	-213,4 k €	-302%	-53,1 k €	+32.7%	-78,9 k €	+61.0%	-202,2 k €	+62.1%	-533,1 k €	-173%	-195,1 k €	-11.9%	-174,3 k €	-1290%	-12,5 k €
Operating result	18,5 k €	-94.3%	326,5 k €	+462%	58,1 k €	+144%	23,8 k €	-93.0%	342,5 k €	+519%	55,4 k €	+185%	-64,9 k €	-20.7%	-53,7 k €	+50.9%	-109,3 k €	+90.9%	-1,2 M €	-265%	-330,6 k €	-154%	-130 k €	+18.1%	-158,7 k €	+47.1%	-299,9 k €	+52.7%	-633,8 k €	-176%	-230 k €	+3.3%	-238 k €	-304%	-58,9 k €
Net result	231,4 k €	-96.0%	5,8 M €	+1235%	431,8 k €	-51.4%	888,9 k €	+28.7%	690,7 k €	-55.5%	1,6 M €	+640%	209,8 k €	+20.1%	174,7 k €	+40.0%	124,8 k €	-80.7%	646,6 k €	+539%	-147,2 k €	-738%	-17,6 k €	+96.9%	-574,2 k €	-234%	429,6 k €	+125%	-1,7 M €	-443%	-315,1 k €	-39.5%	-225,9 k €	+34.1%	-343 k €
Balance sheet
Equity	8 M €	+3.0%	7,7 M €	+293%	2 M €	+28.2%	1,5 M €	+138%	644,1 k €	+1480%	-46,7 k €	+97.1%	-1,6 M €	+11.6%	-1,8 M €	+8.8%	-2 M €	+5.9%	-2,1 M €	+23.5%	-2,8 M €	-5.6%	-2,6 M €	-0.7%	-2,6 M €	-28.5%	-2 M €	+17.6%	-2,4 M €	-233%	-734 k €	-75.2%	-418,9 k €	-117%	-193 k €
Total assets	8,1 M €	+2.0%	7,9 M €	-56.9%	18,4 M €	+4.2%	17,7 M €	+1.5%	17,4 M €	+3.7%	16,8 M €	+1.3%	16,6 M €	+0.1%	16,6 M €	+1.7%	16,3 M €	+3.9%	15,7 M €	+26.7%	12,4 M €	-4.1%	12,9 M €	-8.9%	14,2 M €	-5.1%	14,9 M €	+1.5%	14,7 M €	-6.4%	15,7 M €	+22.5%	12,8 M €	+15.4%	11,1 M €
Cash	113,5 k €	-11.7%	128,5 k €	+13.2%	113,5 k €	-37.4%	181,2 k €	+16.5%	155,5 k €	+42.4%	109,2 k €	+2063%	5 k €	-86.2%	36,5 k €	+39915%	91,2 €	-98.0%	4,5 k €	-83.0%	26,4 k €	+60.2%	16,5 k €	+244%	4,8 k €	+2764%	167,2 €		–		115,8 k €	+13040%	881 €	+151%	350,6 €
Debts	136,6 k €	-33.8%	206,2 k €	-98.7%	16,2 M €	+2.2%	15,8 M €	-4.1%	16,5 M €	-0.0%	16,5 M €	-7.3%	17,8 M €	-1.1%	18 M €	+0.8%	17,9 M €	+2.7%	17,4 M €	+18.3%	14,7 M €	-2.4%	15,1 M €	-7.5%	16,3 M €	-0.8%	16,4 M €	-1.5%	16,7 M €	+4.5%	16 M €	+20.5%	13,2 M €	+17.2%	11,3 M €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		0,8 ETP	0.0%	0,8 ETP	-27.3%	1,1 ETP	-45.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	+5.3%	1,9 ETP	+533%	0,3 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 · 2 active · 11 ended

Active mandates

Ghislain Lenaers

Managing director · since 14 août 2025 · until 17 mai 2031

Active

John Lenaers

Managing director · since 14 août 2025 · until 17 mai 2031

Active

Ended mandates

Ghislain Lenaers

Managing director · since 05 juillet 2019 · until 17 mai 2025

Ended

Ghislain Lenaers

Managing director · since 05 juillet 2019 · until 14 août 2025

Ended

John Lenaers

Managing director · since 05 juillet 2019 · until 17 mai 2025

Ended

John Lenaers

Managing director · since 05 juillet 2019 · until 14 août 2025

Ended

At this address

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Annual accounts

Full financial information

	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	05/08/2026	21/08/2025	08/08/2024	24/08/2023	25/08/2022	24/09/2021
General meeting	30/07/2026	14/08/2025	08/08/2024	11/07/2023	13/07/2022	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

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	30/07/2026	05/08/2026	Dutch	PDF
Full model	31/12/2024	14/08/2025	21/08/2025	Dutch	PDF
Full model	31/12/2023	08/08/2024	08/08/2024	Dutch	PDF
Full model	31/12/2022	11/07/2023	24/08/2023	Dutch	PDF
Full model	31/12/2021	13/07/2022	25/08/2022	Dutch	PDF
Full model	31/12/2020	23/09/2021	24/09/2021	Dutch	PDF
Full model	31/12/2019	16/05/2020	09/07/2020	Dutch	PDF
Full model	31/12/2018	05/07/2019	23/08/2019	Dutch	PDF
Full model	31/12/2017	10/07/2018	20/08/2018	Dutch	PDF
Full model	31/12/2016	06/07/2017	13/07/2017	Dutch	PDF
Full model	31/12/2015	05/07/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	13/11/2015	16/11/2015	Dutch	PDF
Abridged model	31/12/2013	16/07/2014	16/09/2014	Dutch	PDF
Abridged model	31/12/2012	02/08/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	19/05/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	21/05/2011	02/08/2011	Dutch	PDF
Abridged model	31/12/2009	15/05/2010	02/09/2010	Dutch	PDF
Abridged modelCorrection	31/12/2008	16/05/2009	29/09/2009	Dutch	PDF
Abridged model	31/12/2008	16/05/2009	01/07/2009	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 · 2 active · 11 ended

Active mandates

Ghislain Lenaers

Managing director · since 14 août 2025 · until 17 mai 2031

Active

John Lenaers

Managing director · since 14 août 2025 · until 17 mai 2031

Active

Ended mandates

Ghislain Lenaers

Managing director · since 05 juillet 2019 · until 17 mai 2025

Ended

Ghislain Lenaers

Managing director · since 05 juillet 2019 · until 14 août 2025

Ended

John Lenaers

Managing director · since 05 juillet 2019 · until 17 mai 2025

Ended

John Lenaers

Managing director · since 05 juillet 2019 · until 14 août 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares19/09/2025
KAPITAAL - AANDELEN
PDF
Mandates17/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/10/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/09/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/08/2018
ONTSLAGEN - BENOEMINGEN
PDF
Registered office22/02/2016
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 2025231,4 k €↓
2024
Annual accounts 20245,8 M €↑
2023
Annual accounts 2023431,8 k €↓
2022
Annual accounts 2022888,9 k €↑
2021
Annual accounts 2021690,7 k €↓
2020
Annual accounts 20201,6 M €↑
2019
Annual accounts 2019209,8 k €↑
2018
Annual accounts 2018174,7 k €↑
2017
Annual accounts 2017124,8 k €↓
2016
Annual accounts 2016646,6 k €↑
2015
Annual accounts 2015-147,2 k €↓
2014
Annual accounts 2014-17,6 k €↑
2013
Annual accounts 2013-574,2 k €↓
2012
Annual accounts 2012429,6 k €↑
2011
Annual accounts 2011-1,7 M €↓
2010
Annual accounts 2010-315,1 k €↓
2009
Annual accounts 2009-225,9 k €↑
2008
Annual accounts 2008-343 k €
13/06/2007
IncorporationPublic 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

GL PROPERTIES

Overview

What does GL PROPERTIES do?

Trend over 18 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