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G.D.C.

Active
Public limited companyfounded 198937 yrs activePelkemstraat 76, 9250 Waasmunster, BelgiumKBO/BCE: BE 0438.483.946
Summary

G.D.C. has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12.7m and a net result of €12,665. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 71% of 10958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
G.D.C.ActiveChecked score 91/100
Risk analysis ReportCompare

Overview

Activity
Buying and selling of own real estate
NACE 68110NACE 68100
#3 company by equity in Waasmunster, Real estate sector1 site
Size
€22.0mtotal assets 2025
Equity
€12.7m
Profit
€12,665
Turnover not published (abridged schema)
Financial health
91 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Holdings
3
Accounts 3 d early1 of 11 deeds read
Why 91- Figures for FY 2025 (filed 27-09-2025)- Liquidity: current ratio 1.61, cash €519,640+ Size: total assets €22.0m+ Equity €12.7m (57.9% of total assets)Show the evidence

Checked score

Score 2025
91 / 100
Excellent
Probability in this band: under 0.55%
Better than 44% of its sector peers (NACE 68, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 83=
equity 57.9% of total assets
Liquidity 34+2
short-term debt 39.7% · cash 2.4%
Profitability 34=
return on assets 0.1%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (1,716 companies)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● 0.0% vs 11-2024 01-2025: 0.3%● 0.0% vs 12-2024 02-2025: 0.3%● 0.0% vs 01-2025 03-2025: 0.3%● 0.0% vs 02-2025 04-2025: 0.3%● 0.0% vs 03-2025 05-2025: 0.3%▲ +1.6% vs 04-2025 06-2025: 0.3%▲ +6.6% vs 05-2025 07-2025: 0.3%▲ +9.8% vs 06-2025 08-2025: 0.3%▼ -4.3% vs 07-2025 09-2025: 0.3%▲ +19.0% vs 08-2025highest value 10-2025: < 0.1%▼ -88.1% vs 09-2025lowest value 11-2025: < 0.1%● 0.0% vs 10-2025lowest value 12-2025: < 0.1%● 0.0% vs 11-2025lowest value 01-2026: < 0.1%● 0.0% vs 12-2025lowest value 02-2026: < 0.1%● 0.0% vs 01-2026lowest value 03-2026: < 0.1%● 0.0% vs 02-2026lowest value 04-2026: < 0.1%● 0.0% vs 03-2026lowest value 05-2026: < 0.1%▲ +2.4% vs 04-2026 06-2026: < 0.1%▲ +4.8% vs 05-2026 07-2026: < 0.1%▲ +2.3% vs 06-2026 08-2026: < 0.1%▲ +2.2% vs 07-2026 09-2026: 0.1%▲ +50.0% vs 08-2026 10-2026: 0.1%▲ +82.6% vs 09-2026
  • Figures for FY 2025 (filed 27-09-2025) raises the probability
  • Size: total assets €22.0m lowers the probability for this profile
  • Liquidity: current ratio 1.61, cash €519,640 raises the probability
  • Equity €12.7m (57.9% of total assets) lowers the probability
Credit up to €1,150,000 at 30 days acceptable
Liquidity ample (current ratio 1.61 against 1.6 in 2024; short-term debt: 39.7% and cash: 2.4% of total assets), and 42.1% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, medium-sized). Better than this share of them on solvency 75%, liquidity 26%, profitability 32%, growth against the median 43%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2025 (filed 27-09-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Size: total assets €22.0m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 1.61, cash €519,640
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Equity €12.7m (57.9% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 28-02-2025 was due by 30-09-2025 and was filed on 27-09-2025, 3 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
3 d early
2024
5 d early
2023
25 d late
2022
73 d early
2021
84 d early
2020
76 d early
2019
74 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 41 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Statutes amendmentPower of attorney
  2. Annual accounts filedfiscal year 2025 · abbreviated…
  3. Annual accounts filedfiscal year 2024 · abbreviated…

Key points

  • Positive: Among the best 5% on equitysector median €309,514 · 10,962 companies €12.7m View
  • Positive: 5 profitable years in a rowprofit 2025: €12,665 5 years View
  • Active since 1989founded 27-09-1989 37 years View

By topic

Financials

Fiscal year
2025
Total assets
€22.0m
Profit
€12,665
Solvency
57.9%
Total assets▲ 0.8%
Net result
20192025
Go to Financials

Timeline

Events
14
Since
2016
  1. 11-03-2026Statutes amendment
  2. 27-09-2025Annual accounts filed
  3. 25-09-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Buying and selling of own real estateNACE 68110
Founded
27-09-1989
Year ends
28-02
Peppol
Reachable for e-invoices
Go to Company details

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