GD DEVELOPMENT CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of GD DEVELOPMENT CONCEPT is 3.3% (moderate). The 2024 annual accounts show negative equity (-€45,375) and a net result of -€6,330. Equity is shrinking by ~27.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 4345 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth38=
Track record100
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Age of the figures
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year -€45,375
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
133 d late
2022
34 d early
2021
182 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 86 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
On 17 August 2020, GD DEVELOPMENT CONCEPT was incorporated as a Private limited company.1 In 2026 the registered office moved to Bruxelles.2 PETRARU TOADER has served as director of the company since 2026.2 Revenue went from EUR 88,147 in 2021 to EUR 49,369 in 2023 and headcount from 1 full-time equivalents in 2021 to 1 in 2024.3
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Financials · fiscal year 2024, micro schema
Turnover
€49,369▼ 11.6%
2022 · €55,874
EBIT margin
-21.0%▲ 14.3pp
2022 · -35.3%
Net result
-€6,330▲ 21.9%
2023 · -€8,103
Working capital
-€45,363▼ 14.4%
2023 · -€39,660
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Turnover€88,147-€55,874▼ 36.6%€49,369▼ 11.6%
Operating result-€13,720--€19,736▼ 43.8%-€10,364▲ 47.5%-€7,733▲ 25.4%
Net result-€14,034--€19,907▼ 41.8%-€8,103▲ 59.3%-€6,330▲ 21.9%
EBIT margin-15.6%--35.3%▼ 19.8pp-21.0%▲ 14.3pp
Equity-€11,034--€30,941▼ 180%-€39,044▼ 26.2%-€45,375▼ 16.2%
Total assets€12,095-€2,058▼ 83.0%€2,836▲ 37.8%€2,661▼ 6.2%
Debt€23,129-€32,999▲ 42.7%€41,880▲ 26.9%€48,035▲ 14.7%
Working capital-€13,062--€32,257▼ 147%-€39,660▼ 23.0%-€45,363▼ 14.4%
Staff (FTE)1-0.5▼ 50.0%1
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7,733 in 2024 against €10,364 in 2023; the loss shrinks.
Key figures and ratios
EBITDA
-€7,105▲
2023 · -€9,664
Cash flow
-€5,702▲
2023 · -€7,404
Interest coverage
-28.97▲
2023 · -53.62
Debt ≤ 1 year
€48,023▲
2023 · €41,868
Income taxes
-€1,648▲
2023 · -€2,408
Staff costs
€21,296▼
2023 · €21,419
Ratios withheld: a balance sheet total of €2,661 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Turnover70 | €88,147 | €55,874 | €49,369 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €82,628 | €57,159 | €45,440 | - | - |
| Remuneration, social security and pensions62 | €16,483 | €16,985 | €21,419 | €21,296 | ▼ 0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €73 | €700 | €700 | €627 | ▼ 10.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €1,989 | €418 | - | - | - |
| Other operating charges640/8 | €695 | €348 | €1,004 | - | - |
| Gross operating margin9900 | €5,519 | -€1,286 | €12,760 | €14,190 | ▲ 11.2% |
| Operating profit (loss)9901 | -€13,720 | -€19,736 | -€10,364 | -€7,733 | ▲ 25.4% |
| Financial income75/76B | €100 | €2 | €33 | - | - |
| Recurring financial income75 | €100 | €2 | €33 | - | - |
| Financial charges65/66B | €413 | €173 | €180 | €245 | ▲ 36.1% |
| Recurring financial charges65 | €413 | €173 | €180 | €245 | ▲ 36.1% |
| Profit (loss) for the period before taxes9903 | -€14,034 | -€19,907 | -€10,511 | -€7,978 | ▲ 24.1% |
| Income taxes67/77 | - | - | -€2,408 | -€1,648 | ▲ 31.5% |
| Profit (loss) for the period9904 | -€14,034 | -€19,907 | -€8,103 | -€6,330 | ▲ 21.9% |
| Profit (loss) for the period to be appropriated9905 | -€14,034 | -€19,907 | -€8,103 | -€6,330 | ▲ 21.9% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €12,095 | €2,058 | €2,836 | €2,661 | ▼ 6.2% |
| Fixed assets21/28 | €2,027 | €1,327 | €628 | - | - |
| Tangible fixed assets22/27 | €2,027 | €1,327 | €628 | - | - |
| Furniture and vehicles24 | €2,027 | €1,327 | €628 | - | - |
| Current assets29/58 | €10,068 | €730 | €2,208 | €2,661 | ▲ 20.5% |
| Amounts receivable within one year40/41 | €10,068 | €400 | €1,558 | €1,937 | ▲ 24.3% |
| Trade receivables40 | €10,068 | €400 | €1,558 | €1,937 | ▲ 24.3% |
| Other amounts receivable41 | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €0 | - | €0 | €686 | ▲ 2,285,300% |
| Deferred charges and accrued income490/1 | - | €331 | €650 | €38 | ▼ 94.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €12,095 | €2,058 | €2,836 | €2,661 | ▼ 6.2% |
| Equity10/15 | -€11,034 | -€30,941 | -€39,044 | -€45,375 | ▼ 16.2% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Capital10 | €3,000 | €3,000 | - | - | - |
| Issued capital100 | €3,000 | €3,000 | - | - | - |
| Profit (loss) carried forward14 | -€14,034 | -€33,941 | -€42,044 | -€48,375 | ▼ 15.1% |
| Amounts payable17/49 | €23,129 | €32,999 | €41,880 | €48,035 | ▲ 14.7% |
| Amounts payable within one year42/48 | €23,129 | €32,987 | €41,868 | €48,023 | ▲ 14.7% |
| Financial debts43 | €295 | €1,142 | - | - | - |
| Credit institutions430/8 | €295 | €1,142 | - | - | - |
| Trade debts44 | €278 | €3,326 | €1,128 | €1,113 | ▼ 1.3% |
| Suppliers440/4 | €278 | €3,326 | €1,128 | €1,113 | ▼ 1.3% |
| Taxes, remuneration and social security45 | €4,662 | €5,775 | €19,792 | €18,996 | ▼ 4.0% |
| Taxes450/3 | €3,383 | €2,860 | €7,229 | €4,188 | ▼ 42.1% |
| Remuneration and social security454/9 | €1,279 | €2,915 | €12,563 | €14,808 | ▲ 17.9% |
| Other amounts payable47/48 | €17,894 | €22,745 | €20,949 | €27,914 | ▲ 33.3% |
| Accrued charges and deferred income492/3 | - | €12 | €12 | €12 | = |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,034 | -€19,907 | -€8,103 | -€6,330 | ▲ 21.9% |
| + Depreciation and write-downs630 | €73 | €700 | €700 | €627 | ▼ 10.4% |
| Operating cash flow (approximation) | -€13,962 | -€19,207 | -€7,404 | -€5,702 | ▲ 23.0% |
| Investment in fixed assets (approximation) | - | €0 | -€0 | - | - |
| Change in cash | - | - | - | €686 | - |
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
2026
16-09
State Gazette act
Resignation: DARABAN RALUCA GEORGIANA (director)Appointment: PETRARU TOADER (director) · Share transfer · Registered-office move6 facts ▸
State Gazette act
Resignation: DARABAN RALUCA GEORGIANA (director)
Appointment: PETRARU TOADER (director) · Share transfer · Registered-office move6 facts ▸
- General meeting, 04-02-2026
- Director resignation, DARABAN RALUCA GEORGIANA (director)
- Director appointment, PETRARU TOADER (director)
- Share transfer, DARABAN RALUCA GEORGIANA → PETRARU TOADER
- Registered-office move, Boulevard du Midi 98 A1, 1000 Bruxelles
- Shareholding, actions, 100
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
11-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 133 days late
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
29-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 182 days late
2022
31-12
Financial
Weakest financial yearnet -€19,907
Net result drops to -€19,907, the lowest in the series; recovery starts the following year.
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
PETRARU TOADER
CurrentDirector · since 04-02-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2020
Ground area
917 m²
Building footprint
509 m²
Volume, LiDAR
5,287 m³
2 parcels, Brussels · tallest building 19.5 m, ±3 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
GD DEVELOPMENT CONCEPT
since 20202.306.166.288
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21809K0381/00P004 | Brussels | 703 m² | 1 · 195 m² | 19.4 m · 3 fl. |
| 21012A0063/00X003 | Brussels | 215 m² | 1 · 314 m² | 18.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| PETRARU TOADER |
|
| DARABAN RALUCA GEORGIANA |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 16-09-2026 ↗
- PETRARU TOADER 100 shares
Share transfer
act of 16-09-2026 ↗
- DARABAN RALUCA GEORGIANA to PETRARU TOADER 100 shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 885 companies in sector 74991 we hold annual accounts for 317. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-08-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
74991Agents and managers of artists, athletes and other public figures
46190Agents in non-specialised wholesale trade
86995Nutrition and dietetics services
96220Beauty care and other beauty treatments
96230Day spas, saunas and steam baths
Contact
E-mail
gddevelopementconcept@gmail.com
E-mail
gddevelopmentconcept@gmail.com
Phone
+32497500018
Scores and ratios are computed by Checked and are not a credit decision.