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Governance at Gluecom

Transparent and responsible governance — with clear reporting, external auditing and concrete KPIs towards 2030.

Governance at Gluecom

Governance principles

Our governance rests on culture & partnership, transparency and responsible ownership.

Corporate Culture & Responsible Partnership

Long-term relationships with customers and suppliers; quality assurance (all sites ISO 9001); employees can co-invest via company bonds.

Transparency

Monthly reporting; internal consolidation since 2014; publication of consolidated financial statements since fiscal year 2024.

Responsible ownership

Since 2020, co-ownership (Xavier Desimpel & Louis Piette) ensures continuity.

Transparency: from revenue to value added

We report on both financial and non-financial performance. Financial results and KPIs are closely monitored every month. Since 2014, financial results have been consolidated internally; in 2024 we published a consolidated financial statement for the first time.

Based on 2023, Incoming consisted of Sales €48,373,000 and Other income €933,000. Outgoing included Cost of materials €32,306,000, Depreciation €1,279,000 and Other expenses €6,803,000. The result is Value Added €8,918,000, distributed across employees, government, interest, reinvestment and shareholders.

Incoming/outgoing and value added distribution at Gluecom
Overview of incoming & outgoing and the distribution of value added (base year 2023).

Policies & certifications

Short explanation for each label and where we stand today.

ISO 9001 — Quality Management

International standard for quality management: process control, customer focus and continual improvement. At Gluecom: all sites are certified; this ensures consistent quality, traceability and clear process agreements across all locations.

ISO 14001 — Environmental Management

Standard for environmental management systems: policy, objectives, risk control and continual improvement. At Gluecom: the Basildon site is certified. Goal: all sites certified by 2030.

EcoVadis — Sustainability rating

Independent assessment across four domains: environment, labour & human rights, ethics and sustainable procurement. At Gluecom: Bronze medal (top ~35% of companies worldwide).

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