GAM PROJECTS
Open bankruptcyA bankruptcy procedure is open for GAM PROJECTS according to publications in the Belgian State Gazette; curator: FREDERIK DE VULDER.
Summary
The 2024 annual accounts show equity of €69k and a net result of €12k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
70 d late
2023
331 d late
2022
3 d early
2021
10 d late
2020
170 d late
2019
203 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€364k▼ 19.2%
2023 · €451k
2021: €269k
2022: €424k
2023: €451k
2021 → 2024
EBIT margin
12.4%▲ 29.5pp
2023 · -17.0%
2021: 16.3%
2022: 0.8%
2023: -17.0%
2021 → 2024
Net result
€12k
2023 · €-81k
2018: €19k
2019: €2k
2020: €20k
2021: €30k
2022: €5k
2023: €-81k
2018 → 2024
Working capital
€68k▲ 21.7%
2023 · €56k
2018: €63k
2019: €69k
2020: €83k
2021: €114k
2022: €148k
2023: €56k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€269k€424k▲ 57.7%€451k▲ 6.5%€364k▼ 19.2%
Equity€101k-€131k▲ 29.8%€138k▲ 5.4%€57k▼ 58.7%€69k▲ 21.1%
Operating result€29k-€44k▲ 49.5%€4k▼ 91.8%€-77k€45k
Net result€20k-€30k▲ 51.9%€5k▼ 83.2%€-81k€12k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €45k after a loss of €77k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €220k
Fixed assets
€984 ▼ 26.9%
Current assets
€219k ▲ 27.2%
Equity and liabilities €220k
Equity
€69k ▲ 21.1%
Debt
€151k ▲ 29.5%
Debt's share of the balance-sheet total rises from 67.1% to 68.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€46k▲
2023 · €-74k
Cash flow
€12k▲
2023 · €-78k
Current ratio
1.45▼
2023 · 1.48
Debt to equity
2.18▲
2023 · 2.04
ROE
17.5%▲
2023 · -142.1%
ROA
5.5%▲
2023 · -46.7%
Interest coverage
1.48▲
2023 · -17.73
Debt ≤ 1 year
€151k▲
2023 · €116k
Income taxes
€3k
Staff costs
€133k▼
2023 · €207k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€173k€220k▲
Fixed assets21/28€1k€984▼
Tangible fixed assets22/27€1k€984▼
Furniture and vehicles24€1k€984▼
Current assets29/58€172k€219k▲
Stocks and contracts in progress3€6k-
Stocks30/36€6k-
Amounts receivable within one year40/41€163k€218k▲
Trade receivables40€54k€136k▲
Other amounts receivable41€109k€82k▼
Cash at bank and in hand54/58€1k€917▼
Deferred charges and accrued income490/1€1k€292▼
Equity and liabilities
Total equity and liabilities10/49€173k€220k▲
Equity10/15€57k€69k▲
Contributions10/11€8k€8k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€47k€59k▲
Amounts payable17/49€116k€151k▲
Amounts payable after more than one year17€286-
Financial debts170/4€286-
Amounts payable within one year42/48€116k€151k▲
Financial debts43-€6k
Credit institutions430/8-€6k
Trade debts44€13k€22k▲
Suppliers440/4€13k€22k▲
Taxes, remuneration and social security45€103k€123k▲
Taxes450/3€28k€43k▲
Remuneration and social security454/9€75k€80k▲
Income statement
Code20232024
Turnover70€451k€364k▼
Non-recurring operating income76A€2k-
Goods, raw materials, services and sundry goods60/61€348k€191k▼
Remuneration, social security and pensions62€207k€133k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€362▼
Other operating charges640/8€9k€5k▼
Gross operating margin9900€142k€184k▲
Operating profit (loss)9901€-77k€45k▲
Financial income75/76B-€696
Recurring financial income75-€696
Financial charges65/66B€4k€31k▲
Recurring financial charges65€4k€31k▲
Profit (loss) for the period before taxes9903€-81k€15k▲
Income taxes67/77-€3k
Profit (loss) for the period9904€-81k€12k▲
Profit (loss) for the period to be appropriated9905€-81k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€47k€59k▲
Profit (loss) brought forward from the previous period14P€128k€47k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
03-04
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL GAM PROJECTS AVENUE CHARLES WOESTE 77, 1090 JETTE · event 30-03-2026
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 70 days late
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 331 days late
2024
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
2023
31-12
Financial
Weakest financial yearnet €-81k ▼1709%
Net result drops to €-81k, the lowest in the series.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
17-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 170 days late
2021
31-12
Financial
Highest result since 2018net €30k ▲51.9%
Net result €30k, the highest in the series.
19-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 203 days late
2020
31-12
Financial
Equity above €100kEq €101k ▲24.4%
3 profitable years in a row build equity to €101k.
2019
27-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 149 days late
Show earlier events
2018
31-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 153 days late
2017
31-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 153 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 61 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
18 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Jette · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Charles Woestelaan 771090 JetteGround area
162 m²
Building footprint
145 m²
Volume, LiDAR
3,214 m³
Parcel 21463D0298/00E008, Brussels · tallest building 24.2 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
G.A.M. CONSTRUCT
since 20122.208.543.015
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21463D0298/00E008 | Brussels | 162 m² | 1 · 145 m² | 24.2 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | FREDERIK DE VULDER 59 B, AVENUE REINE ASTRID
(BTE 3), 1780 WEMMEL |
30-03-2026 → present |
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Of 3,827 companies in sector 47210 we hold annual accounts for 966. 793 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded12-03-2012
Fiscal year end31-12
Activities, NACEBEL 2025
43350Other building finishing work
47210Retail sale of fruit and vegetables
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.