GD DEVELOPMENT CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of GD DEVELOPMENT CONCEPT is 3.7% (moderate). The 2024 annual accounts show negative equity (-€45,375) and a net result of -€6,330. Equity is shrinking by about 28% per year across the filed financial years. Its solvency ranks better than 5% of 4,287 sector peers (NACE 74, financial year 2024). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 1 FTE
- Equity
- -€45,375
- Loss
- -€6,330
- PETRARU TOADERDirector
Why 47raises risk1 change of registered office in 24 monthsFigures for financial year 2024 (filed 03-10-2025)1 financial year not filed after the legal deadline; last filed accounts filed 61 days late; 2 of the last 3 latelowers riskSector: Other professional, scientific and technical activities (NACE 74)Show the evidence
Checked score
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 74, micro): better than 5% on solvency, 18% on liquidity, 7% on profitability and 26% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 4 accounts on average 86 days after the deadline; the sector median (NACE 74) for financial year 2024 is 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (1)
- Resignation: DARABAN RALUCA GEORGIANA (director)Appointment: PETRARU TOADER (director) ·…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 30 October 2026.
2021 to 2024, 4 financial years
The operating result stays negative: a loss of €7,733 in 2024 against €10,364 in 2023; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 74, Other professional, scientific and technical activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital.
Peer companies
Historical observationOf the 6,007 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83.0% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,007 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| 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 | ▲ 22,854× |
| 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.
Filings with the National Bank (4)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 30-09-2025 | 2025-00529148 |
| 31-12-2023 | micro format | 11-12-2024 | 2024-00613970 |
| 31-12-2022 | micro format | 27-06-2023 | 2023-00175819 |
| 31-12-2021 | micro format | 29-01-2023 | 2023-00007649 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| PETRARU TOADER |
|
| DARABAN RALUCA GEORGIANA |
|
| CRISAN Narcis-loan |
|
Owners and capital
Capital and shareholders
- PETRARU TOADER 100 shares
- DARABAN RALUCA GEORGIANA to PETRARU TOADER 100 shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
16-09
Gazette deed
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 (deed in French)
23-11
Gazette deed
Resignation: CRISAN Narcis-loan (director)3 facts ▸
- General meeting, 29-09-2023
- Director resignation, CRISAN Narcis-loan (director)
- Board composition, Daraban Raluca Georgiana (unique administratrice)
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 2 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21809K0381/00P004 | Brussels | 703 m² | 1 · 195 m² | 19.4 m · 3 |
| 21012A0063/00X003 | Brussels | 215 m² | 1 · 314 m² | 18.2 m · 3 |
How the parcels are linked
Articles of association
- Other provisionsOther rules from the articles that fall under none of the themes above.
- 1 more provision in the deed, see the deed of 23-11-2023
Read from the deeds: 1 provision, deed of 23-11-2023