GANDI PROJECTS
ActiveSummary
GANDI PROJECTS has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €27k and a net result of €4k. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 84% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90▲+6
Solvency100=
Growth63▲+2
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 6.09 against 31.64 in 2024; short-term debt: 15.1% and cash: 63.5% of total assets), and 15.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
84.9%
Return on assets
12.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
36 d early
2023
44 d early
2022
41 d early
2021
26 d early
2020
43 d early
2019
44 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€15k▲ 10.9%
2024 · €14k
2018: €15k
2019: €18k▲ +21.0% vs 2018highest in 8 years
2020: €11k▼ -39.1% vs 2019lowest in 8 years
2021: €15k▲ +33.9% vs 2020
2022: €12k▼ -18.7% vs 2021
2023: €11k▼ -6.4% vs 2022
2024: €14k▲ +20.1% vs 2023
2025: €15k▲ +10.9% vs 2024
2018 → 2025
EBIT margin
25.7%▼ 7.0pp
2024 · 32.7%
2018: 10.0%
2019: 23.7%▲ +138% vs 2018
2020: 21.4%▼ -9.9% vs 2019
2021: 23.1%▲ +7.8% vs 2020
2022: 39.4%▲ +71.0% vs 2021highest in 8 years
2023: 4.9%▼ -87.6% vs 2022lowest in 8 years
2024: 32.7%▲ +571% vs 2023
2025: 25.7%▼ -21.3% vs 2024
2018 → 2025
Net result
€4k▲ 179%
2024 · €1k
2018: €-1klowest in 8 years
2019: €662▲ +155% vs 2018
2020: €4k▲ +538% vs 2019highest in 8 years
2021: €2k▼ -43.5% vs 2020
2022: €3k▲ +37.6% vs 2021
2023: €-481▼ -115% vs 2022
2024: €1k▲ +400% vs 2023
2025: €4k▲ +179% vs 2024
2018 → 2025
Working capital
€24k▲ 10.1%
2024 · €22k
2018: €-1klowest in 8 years
2019: €3k▲ +353% vs 2018
2020: €11k▲ +239% vs 2019
2021: €17k▲ +53.1% vs 2020
2022: €20k▲ +21.0% vs 2021
2023: €20k▼ -1.1% vs 2022
2024: €22k▲ +8.4% vs 2023
2025: €24k▲ +10.1% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€15k-€12k▼ 18.7%€11k▼ 6.4%€14k▲ 20.1%€15k▲ 10.9%
2021: €15k
2022: €12k▼ -18.7% vs 2021
2023: €11k▼ -6.4% vs 2022lowest in 5 years
2024: €14k▲ +20.1% vs 2023
2025: €15k▲ +10.9% vs 2024highest in 5 years
Equity€18k-€22k▲ 17.9%€21k▼ 2.2%€23k▲ 6.8%€27k▲ 17.8%
2021: €18klowest in 5 years
2022: €22k▲ +17.9% vs 2021
2023: €21k▼ -2.2% vs 2022
2024: €23k▲ +6.8% vs 2023
2025: €27k▲ +17.8% vs 2024highest in 5 years
Operating result€3k-€5k▲ 39.0%€558▼ 88.4%€4k▲ 706%€4k▼ 12.7%
2021: €3k
2022: €5k▲ +39.0% vs 2021highest in 5 years
2023: €558▼ -88.4% vs 2022lowest in 5 years
2024: €4k▲ +706% vs 2023
2025: €4k▼ -12.7% vs 2024
Net result€2k-€3k▲ 37.6%€-481€1k€4k▲ 179%
2021: €2k
2022: €3k▲ +37.6% vs 2021
2023: €-481▼ -115% vs 2022lowest in 5 years
2024: €1k▲ +400% vs 2023
2025: €4k▲ +179% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €31k
Fixed assets
€3k ▲ 242%
Current assets
€29k ▲ 27.6%
Equity and liabilities €31k
Equity
€27k ▲ 17.8%
Debt
€5k ▲ 563%
Debt's share of the balance-sheet total rises from 3.1% to 15.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€4k▼
2024 · €5k
Cash flow
€4k▲
2024 · €2k
Current ratio
6.09▼
2024 · 31.64
Debt to equity
0.18▲
2024 · 0.03
ROE
15.1%▲
2024 · 6.4%
ROA
12.8%▲
2024 · 6.2%
Interest coverage
101.80▼
2024 · 107.86
Debt ≤ 1 year
€5k▲
2024 · €713
Income taxes
€-142▼
2024 · €3k
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 · 2025 against 2024 · 35 lines
Balance sheet
Code20242025
Assets
Total assets20/58€23k€31k▲
Fixed assets21/28€750€3k▲
Tangible fixed assets22/27€750€3k▲
Land and buildings22€750€500▼
Furniture and vehicles24-€2k
Current assets29/58€23k€29k▲
Amounts receivable within one year40/41€6k€9k▲
Other amounts receivable41€6k€9k▲
Cash at bank and in hand54/58€17k€20k▲
Equity and liabilities
Total equity and liabilities10/49€23k€31k▲
Equity10/15€23k€27k▲
Contributions10/11€6k€6k=
Reserves13€16k€20k▲
Distributable reserves133€16k€20k▲
Amounts payable17/49€713€5k▲
Amounts payable within one year42/48€713€5k▲
Trade debts44€713€4k▲
Suppliers440/4€713€4k▲
Taxes, remuneration and social security45-€1k
Taxes450/3-€1k
Income statement
Code20242025
Turnover70€14k€15k▲
Goods, raw materials, services and sundry goods60/61€13k€14k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€250€250=
Other operating charges640/8€1k€2k▲
Gross operating margin9900€6k€6k▲
Operating profit (loss)9901€4k€4k▼
Financial charges65/66B€44€41▼
Recurring financial charges65€44€41▼
Profit (loss) for the period before taxes9903€4k€4k▼
Income taxes67/77€3k€-142▼
Profit (loss) for the period9904€1k€4k▲
Profit (loss) for the period to be appropriated9905€1k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1k€4k▲
Transfer to equity691/2€1k€4k▲
To other reserves6921€1k€4k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €15k | €12k | €11k | €14k | €15k | ▲ 10.9% |
| Goods, raw materials, services and sundry goods60/61 | €11k | €10k | €13k | €13k | €14k | ▲ 10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €250 | €250 | €250 | €250 | = |
| Other operating charges640/8 | €2k | €2k | €2k | €1k | €2k | ▲ 80.6% |
| Gross operating margin9900 | €9k | €7k | €3k | €6k | €6k | ▲ 4.8% |
| Operating profit (loss)9901 | €3k | €5k | €558 | €4k | €4k | ▼ 12.7% |
| Financial charges65/66B | €82 | €39 | €39 | €44 | €41 | ▼ 6.8% |
| Recurring financial charges65 | €82 | €39 | €39 | €44 | €41 | ▼ 6.8% |
| Profit (loss) for the period before taxes9903 | €3k | €5k | €519 | €4k | €4k | ▼ 12.8% |
| Income taxes67/77 | €1k | €1k | €1k | €3k | €-142 | ▼ 105% |
| Profit (loss) for the period9904 | €2k | €3k | €-481 | €1k | €4k | ▲ 179% |
| Profit (loss) for the period to be appropriated9905 | €2k | €3k | €-481 | €1k | €4k | ▲ 179% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €22k | €24k | €22k | €23k | €31k | ▲ 34.5% |
| Fixed assets21/28 | €2k | €1k | €1k | €750 | €3k | ▲ 242% |
| Tangible fixed assets22/27 | €2k | €1k | €1k | €750 | €3k | ▲ 242% |
| Land and buildings22 | €2k | €1k | €1k | €750 | €500 | ▼ 33.3% |
| Furniture and vehicles24 | - | - | - | - | €2k | - |
| Current assets29/58 | €20k | €23k | €21k | €23k | €29k | ▲ 27.6% |
| Amounts receivable within one year40/41 | - | €1k | €5k | €6k | €9k | ▲ 52.7% |
| Trade receivables40 | - | - | €2k | - | - | - |
| Other amounts receivable41 | - | €1k | €4k | €6k | €9k | ▲ 52.7% |
| Cash at bank and in hand54/58 | €20k | €22k | €16k | €17k | €20k | ▲ 18.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €22k | €24k | €22k | €23k | €31k | ▲ 34.5% |
| Equity10/15 | €18k | €22k | €21k | €23k | €27k | ▲ 17.8% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €12k | €15k | €15k | €16k | €20k | ▲ 24.6% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €10k | €14k | €15k | €16k | €20k | ▲ 24.6% |
| Amounts payable17/49 | €3k | €2k | €997 | €713 | €5k | ▲ 563% |
| Amounts payable within one year42/48 | €3k | €2k | €997 | €713 | €5k | ▲ 563% |
| Trade debts44 | €62 | €918 | €160 | €713 | €4k | ▲ 397% |
| Suppliers440/4 | €62 | €918 | €160 | €713 | €4k | ▲ 397% |
| Taxes, remuneration and social security45 | €2k | €2k | €837 | - | €1k | - |
| Taxes450/3 | €2k | €2k | €837 | - | €1k | - |
| Other amounts payable47/48 | €2k | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €3k | €-481 | €1k | €4k | ▲ 179% |
| + Depreciation and write-downs630 | €3k | €250 | €250 | €250 | €250 | = |
| Operating cash flow (approximation) | €6k | €4k | €-231 | €2k | €4k | ▲ 153% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €-2k | - |
| Change in cash | - | €1k | €-6k | €785 | €3k | ▲ 303% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 21.21
Current ratio from 9.19 to 21.21; short-term debt falls from €2k to €997.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 6.04
Current ratio from 2.57 to 6.04; short-term debt falls from €7k to €3k.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €4k ▲538%
Net result €4k, the highest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €662
Net result €662 after one loss-making year.
Show earlier events
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Berlare · 1 establishment unit since 2007
Ground area
1,847 m²
Building footprint
139 m²
Volume, LiDAR
942 m³
Parcel 42003A0759/00D000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GANDI PROJECTS
since 20072.163.967.753
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42003A0759/00D000 | Flanders | 1,847 m² | 1 · 139 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,920 companies in sector 71112 we hold annual accounts for 1,295. 1,015 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-06-2007
Fiscal year end31-12
Activities, NACEBEL 2025
71112Activities of interior architects
43240Other construction installation
43350Other building finishing work
47551Retail sale of household furniture
47552Retail sale of lighting equipment
Scores and ratios are computed by Checked and are not a credit decision.