Gate21 Projects

Active

Private limited companyfounded 200323 yrs activeParijsstraat 6, 3000 Leuven, BelgiumKBO/BCE: BE 0479.916.804

Summary

Gate21 Projects has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €58,210 and a net result of €13,485. Equity is growing by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 36% of 3705 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).

Risk analysis Watch Report Compare

Gate21 ProjectsActiveChecked score 55/100

Risk analysis Report Compare

Checked score

Score 2025

55 / 100

Fair

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability65▼-8

Solvency41▼-2

Growth52=

Track record100

Bankruptcy probability, 12 months

1.1% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €3,000 at 30 days acceptable

Liquidity short (current ratio 0.72 against 0.91 in 2024; short-term debt: 80.1% and cash: 26.1% of total assets), and 84% of the assets are financed with debt.

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Signals

Four signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Food and beverage service activities (NACE 56)

about 206% more bankruptcies

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

16%

Return on assets

3.7%

Age of the figures

9 mo

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 filings

Deviation from the deadline

2025

53 d early

2024

51 d early

2023

48 d early

2022

49 d early

2021

37 d early

2020

16 d late

2019

26 d late

← before the deadline after the deadline →

Checked, nothing found (2)

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 months

Position in the running window

26-09-2026 today31-12-2026 close31-07-2027 deadline

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

History

On 1 April 2003, Gate21 Projects was incorporated.¹ Total assets went from EUR 1,005 in 2018 to EUR 363,895 in 2025 and headcount from 13 full-time equivalents in 2021 to 7.3 in 2025.²

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, abbreviated schema

Equity

€58,210▲ 30.2%

2024 · €44,725

Total assets

€363,895▲ 45.7%

2024 · €249,717

Net result

€13,485▲ 46.3%

2024 · €9,217

Working capital

-€80,251▼ 409%

2024 · -€15,763

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20212022202320242025

Operating result€11,820▼ 74.5%€17,814▲ 50.7%€13,086▼ 26.5%€19,994▲ 52.8%€28,556▲ 42.8%

Net result€10,000▼ 77.6%€12,631▲ 26.3%€4,983▼ 60.5%€9,217▲ 85.0%€13,485▲ 46.3%

Equity€77,893▲ 14.7%€30,524▼ 60.8%€35,508▲ 16.3%€44,725▲ 26.0%€58,210▲ 30.2%

Total assets€187,823▲ 74.0%€178,325▼ 5.1%€214,738▲ 20.4%€249,717▲ 16.3%€363,895▲ 45.7%

Debt€109,929▲ 175%€147,801▲ 34.5%€179,230▲ 21.3%€204,992▲ 14.4%€305,686▲ 49.1%

Working capital€22,260▲ 4.7%€21,167▼ 4.9%€31,586▲ 49.2%-€15,763-€80,251▼ 409%

Staff (FTE)135.5▼ 57.7%6.2▲ 12.7%8▲ 29.0%7.3▼ 8.8%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2023 the operating result has climbed two years in a row; 2025 is 43% above 2024 and is the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €363,895

42.0%

58.0%

Fixed assets €152,813 ▲ 61.2%

Current assets €211,083 ▲ 36.2%

Equity and liabilities €363,895

16.0%

84.0%

Equity €58,210 ▲ 30.2%

Debt €305,686 ▲ 49.1%

Debt's share of the balance-sheet total rises from 82.1% to 84.0%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€44,672▲

2024 · €38,085

Cash flow

€29,601▲

2024 · €27,308

Current ratio

0.72▼

2024 · 0.91

Quick ratio

0.72▼

2024 · 0.90

Debt to equity

5.25▲

2024 · 4.58

ROE

23.2%▲

2024 · 20.6%

ROA

3.7%▲

2024 · 3.7%

Interest coverage

5.05▼

2024 · 5.97

Debt ≤ 1 year

€291,334▲

2024 · €170,697

Debt > 1 year

€14,352▼

2024 · €34,296

Income taxes

€6,230▲

2024 · €4,400

Staff costs

€221,507▼

2024 · €253,245

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines

Balance sheet Code20242025

Assets

Total assets20/58€249,717€363,895▲

Fixed assets21/28€94,784€152,813▲

Intangible fixed assets21€2,309€2,078▼

Tangible fixed assets22/27€77,492€135,752▲

Plant, machinery and equipment23€21,810€48,676▲

Furniture and vehicles24€3,903€6,053▲

Other tangible fixed assets26€51,779€81,022▲

Financial fixed assets28€14,983€14,983=

Current assets29/58€154,934€211,083▲

Stocks and contracts in progress3€2,000€2,000=

Stocks30/36€2,000€2,000=

Amounts receivable within one year40/41€3,650€38,925▲

Trade receivables40-€24,527

Other amounts receivable41€3,650€14,399▲

Cash at bank and in hand54/58€147,762€95,154▼

Deferred charges and accrued income490/1€1,521€75,003▲

Equity and liabilities

Total equity and liabilities10/49€249,717€363,895▲

Equity10/15€44,725€58,210▲

Contributions10/11€24,800€24,800=

Reserves13€1,860€1,860=

Non-distributable reserves130/1€1,860€1,860=

Reserves not available under the articles1311€1,860€1,860=

Profit (loss) carried forward14€18,065€31,550▲

Amounts payable17/49€204,992€305,686▲

Amounts payable after more than one year17€34,296€14,352▼

Financial debts170/4€34,296€14,352▼

Amounts payable within one year42/48€170,697€291,334▲

Current portion of amounts payable after more than one year42€14,523€19,944▲

Trade debts44€97,666€211,334▲

Suppliers440/4€97,666€211,334▲

Taxes, remuneration and social security45€42,824€16,076▼

Taxes450/3€16,460€4,975▼

Remuneration and social security454/9€26,364€11,101▼

Other amounts payable47/48€15,683€43,980▲

Accrued charges and deferred income492/3€0-

Income statement Code20242025

Remuneration, social security and pensions62€253,245€221,507▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18,091€16,116▼

Other operating charges640/8€1,558€12,987▲

Gross operating margin9900€292,888€279,165▼

Operating profit (loss)9901€19,994€28,556▲

Financial income75/76B€4€0▼

Recurring financial income75€4€0▼

Financial charges65/66B€6,380€8,840▲

Recurring financial charges65€6,380€8,840▲

Profit (loss) for the period before taxes9903€13,618€19,715▲

Income taxes67/77€4,400€6,230▲

Profit (loss) for the period9904€9,217€13,485▲

Profit (loss) for the period to be appropriated9905€9,217€13,485▲

Appropriation of the result

Profit (loss) to be appropriated9906€18,065€31,550▲

Profit (loss) brought forward from the previous period14P€8,848€18,065▲

Social balance

Average headcount (FTE)90878.07.3▼

The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Remuneration, social security and pensions62	€94,560	€216,046	€225,487	€253,245	€221,507	▼ 12.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€19,406	€22,949	€23,907	€18,091	€16,116	▼ 10.9%
Other operating charges640/8	€149	€149	€1,392	€1,558	€12,987	▲ 734%
Gross operating margin9900	€125,935	€256,957	€263,873	€292,888	€279,165	▼ 4.7%
Operating profit (loss)9901	€11,820	€17,814	€13,086	€19,994	€28,556	▲ 42.8%
Financial income75/76B	€13	€0	€0	€4	€0	▼ 99.7%
Recurring financial income75	€13	€0	€0	€4	€0	▼ 99.7%
Financial charges65/66B	€1,833	€5,082	€5,322	€6,380	€8,840	▲ 38.6%
Recurring financial charges65	€1,833	€5,082	€5,322	€6,380	€8,840	▲ 38.6%
Profit (loss) for the period before taxes9903	€10,000	€12,732	€7,764	€13,618	€19,715	▲ 44.8%
Income taxes67/77	-	€102	€2,781	€4,400	€6,230	▲ 41.6%
Profit (loss) for the period9904	€10,000	€12,631	€4,983	€9,217	€13,485	▲ 46.3%
Profit (loss) for the period to be appropriated9905	€10,000	€12,631	€4,983	€9,217	€13,485	▲ 46.3%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€187,823	€178,325	€214,738	€249,717	€363,895	▲ 45.7%
Fixed assets21/28	€67,449	€48,490	€32,390	€94,784	€152,813	▲ 61.2%
Intangible fixed assets21	-	-	-	€2,309	€2,078	▼ 10.0%
Tangible fixed assets22/27	€60,725	€41,766	€25,666	€77,492	€135,752	▲ 75.2%
Plant, machinery and equipment23	€26,678	€21,476	€11,926	€21,810	€48,676	▲ 123%
Furniture and vehicles24	€3,516	€2,116	€2,781	€3,903	€6,053	▲ 55.1%
Other tangible fixed assets26	€30,531	€18,174	€10,959	€51,779	€81,022	▲ 56.5%
Financial fixed assets28	€6,724	€6,724	€6,724	€14,983	€14,983	=
Current assets29/58	€120,374	€129,835	€182,348	€154,934	€211,083	▲ 36.2%
Stocks and contracts in progress3	€1,815	€2,000	€2,000	€2,000	€2,000	=
Stocks30/36	€1,815	€2,000	€2,000	€2,000	€2,000	=
Amounts receivable within one year40/41	€3,771	€14,048	€741	€3,650	€38,925	▲ 966%
Trade receivables40	€135	€13,457	€0	-	€24,527	-
Other amounts receivable41	€3,636	€592	€741	€3,650	€14,399	▲ 294%
Cash at bank and in hand54/58	€113,662	€112,518	€178,301	€147,762	€95,154	▼ 35.6%
Deferred charges and accrued income490/1	€1,126	€1,268	€1,306	€1,521	€75,003	▲ 4,831%
Equity and liabilities
Total equity and liabilities10/49	€187,823	€178,325	€214,738	€249,717	€363,895	▲ 45.7%
Equity10/15	€77,893	€30,524	€35,508	€44,725	€58,210	▲ 30.2%
Contributions10/11	€24,800	€24,800	€24,800	€24,800	€24,800	=
Reserves13	€1,860	€1,860	€1,860	€1,860	€1,860	=
Non-distributable reserves130/1	€1,860	€1,860	€1,860	€1,860	€1,860	=
Reserves not available under the articles1311	€1,860	€1,860	€1,860	€1,860	€1,860	=
Profit (loss) carried forward14	€51,233	€3,864	€8,848	€18,065	€31,550	▲ 74.6%
Amounts payable17/49	€109,929	€147,801	€179,230	€204,992	€305,686	▲ 49.1%
Amounts payable after more than one year17	€11,816	€39,133	€26,129	€34,296	€14,352	▼ 58.2%
Financial debts170/4	€11,816	€39,133	€26,129	€34,296	€14,352	▼ 58.2%
Amounts payable within one year42/48	€98,114	€108,668	€150,762	€170,697	€291,334	▲ 70.7%
Current portion of amounts payable after more than one year42	€9,174	€18,080	€12,203	€14,523	€19,944	▲ 37.3%
Trade debts44	€76,792	€36,640	€66,660	€97,666	€211,334	▲ 116%
Suppliers440/4	€76,792	€36,640	€66,660	€97,666	€211,334	▲ 116%
Taxes, remuneration and social security45	€11,747	€25,298	€29,005	€42,824	€16,076	▼ 62.5%
Taxes450/3	€11,747	€15,091	€16,538	€16,460	€4,975	▼ 69.8%
Remuneration and social security454/9	€0	€10,207	€12,467	€26,364	€11,101	▼ 57.9%
Other amounts payable47/48	€400	€28,650	€42,894	€15,683	€43,980	▲ 180%
Accrued charges and deferred income492/3	-	-	€2,339	€0	-	-

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€10,000	€12,631	€4,983	€9,217	€13,485	▲ 46.3%
+ Depreciation and write-downs630	€19,406	€22,949	€23,907	€18,091	€16,116	▼ 10.9%
Operating cash flow (approximation)	€29,406	€35,580	€28,891	€27,308	€29,601	▲ 8.4%
Investment in fixed assets (approximation)	-	-€3,990	-€7,807	-€80,485	-€74,145	▲ 7.9%
Change in cash	-	-€1,144	€65,783	-€30,539	-€52,608	▼ 72.3%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

08-06

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

10-06

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

13-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Weakest financial yearnet €4,983 ▼60.5%

Net result drops to €4,983, the lowest in the series; recovery starts the following year.

12-06

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

24-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

16-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 16 days late

2020

31-12

Financial Highest result since 2019net €44,687 ▲168%

Operating result €46,397, net result €44,687, both a record.

31-12

Financial Liquidity quadruplescurrent ratio 2.12

Current ratio from 0.54 to 2.12; short-term debt falls from €58,158 to €19,043.

26-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 26 days late

2019

29-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 29 days late

2018

13-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 13 days late

2017

16-08

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 16 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 8 acts read

About the unread acts

We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

8 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, Leuven · 1 establishment unit since 2003

seat establishment The establishment unit on the map

Ground area

151 m²

Building footprint

72 m²

Volume, LiDAR

939 m³

Parcel 24504D0308/00H000, Flanders · tallest building 18.0 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

Gate21 Projects

Parijsstraat 6, 3000 LeuvenNACE 5113001

since 20032.132.345.159

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24504D0308/00H000	Flanders	151 m²	1 · 71 m²	17.9 m · 5 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site

Leuven2.132.345.159

1 permission

Toelating · Eetgelegenheid · since 06-03-2019

Similar companies · same sector, comparable size

Kampenhout · Eq €58,238

Of 21,861 companies in sector 56112 we hold annual accounts for 9,778. 8,316 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

Founded01-04-2003

Fiscal year end31-12

Activities, NACEBEL 2025

56112Limited-service restaurants, excluding mobile food services

56210Event catering

Scores and ratios are computed by Checked and are not a credit decision.