GD Immo Projects
ActiveSummary
GD Immo Projects has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €125k and a net result of €14k. Equity is growing by ~31.4% per year across the filed fiscal years. Its solvency ranks better than 53% of 9982 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability75▼-4
Solvency70▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.77 in 2023; short-term debt: 48.9% and cash: 10.9% of total assets), and 55.2% 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+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-09-2025, 42 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
42 d late
2023
28 d late
2022
31 d late
2021
61 d late
2020
65 d late
2019
87 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€125k▲ 12.5%
2023 · €111k
2018: €5klowest in 7 years
2019: €38k▲ +643% vs 2018
2020: €50k▲ +31.4% vs 2019
2021: €81k▲ +59.9% vs 2020
2022: €91k▲ +13.4% vs 2021
2023: €111k▲ +21.1% vs 2022
2024: €125k▲ +12.5% vs 2023highest in 7 years
2018 → 2024
Total assets
€278k▲ 16.1%
2023 · €240k
2018: €27klowest in 7 years
2019: €61k▲ +123% vs 2018
2020: €82k▲ +33.9% vs 2019
2021: €146k▲ +78.0% vs 2020
2022: €217k▲ +49.0% vs 2021
2023: €240k▲ +10.5% vs 2022
2024: €278k▲ +16.1% vs 2023highest in 7 years
2018 → 2024
Net result
€14k▼ 28.3%
2023 · €19k
2018: €4klowest in 7 years
2019: €33k▲ +709% vs 2018highest in 7 years
2020: €12k▼ -63.7% vs 2019
2021: €30k▲ +151% vs 2020
2022: €11k▼ -64.3% vs 2021
2023: €19k▲ +78.3% vs 2022
2024: €14k▼ -28.3% vs 2023
2018 → 2024
Working capital
€60k▼ 27.9%
2023 · €83k
2018: €5klowest in 7 years
2019: €38k▲ +639% vs 2018
2020: €20k▼ -47.0% vs 2019
2021: €27k▲ +31.3% vs 2020
2022: €56k▲ +110% vs 2021
2023: €83k▲ +48.6% vs 2022highest in 7 years
2024: €60k▼ -27.9% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€50k-€81k▲ 59.9%€91k▲ 13.4%€111k▲ 21.1%€125k▲ 12.5%
2020: €50klowest in 5 years
2021: €81k▲ +59.9% vs 2020
2022: €91k▲ +13.4% vs 2021
2023: €111k▲ +21.1% vs 2022
2024: €125k▲ +12.5% vs 2023highest in 5 years
Operating result€16k-€44k▲ 178%€18k▼ 59.6%€39k▲ 119%€32k▼ 17.8%
2020: €16klowest in 5 years
2021: €44k▲ +178% vs 2020highest in 5 years
2022: €18k▼ -59.6% vs 2021
2023: €39k▲ +119% vs 2022
2024: €32k▼ -17.8% vs 2023
Net result€12k-€30k▲ 151%€11k▼ 64.3%€19k▲ 78.3%€14k▼ 28.3%
2020: €12k
2021: €30k▲ +151% vs 2020highest in 5 years
2022: €11k▼ -64.3% vs 2021lowest in 5 years
2023: €19k▲ +78.3% vs 2022
2024: €14k▼ -28.3% vs 2023
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 2024; 2024 is 18% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €278k
Fixed assets
€82k ▲ 68.5%
Current assets
€196k ▲ 2.6%
Equity and liabilities €278k
Equity
€125k ▲ 12.5%
Debt
€154k ▲ 19.1%
Debt's share of the balance-sheet total rises from 53.8% to 55.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€69k▲
2023 · €49k
Cash flow
€51k▲
2023 · €30k
Current ratio
1.44▼
2023 · 1.77
Quick ratio
0.72▼
2023 · 0.86
Debt to equity
1.23▲
2023 · 1.16
ROE
11.1%▼
2023 · 17.4%
ROA
5.0%▼
2023 · 8.0%
Interest coverage
11.40▲
2023 · 8.52
Debt ≤ 1 year
€136k▲
2023 · €108k
Debt > 1 year
€18k▼
2023 · €21k
Income taxes
€12k▲
2023 · €9k
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 · 54 lines
Balance sheet
Code20232024
Assets
Total assets20/58€240k€278k▲
Fixed assets21/28€49k€82k▲
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€10k€37k▲
Plant, machinery and equipment23€8k€11k▲
Furniture and vehicles24€2k€26k▲
Financial fixed assets28€38k€44k▲
Current assets29/58€191k€196k▲
Amounts receivable after more than one year29-€19k
Trade receivables290-€19k
Stocks and contracts in progress3€98k€98k=
Stocks30/36€98k€98k=
Amounts receivable within one year40/41€81k€47k▼
Trade receivables40€73k€35k▼
Other amounts receivable41€7k€12k▲
Cash at bank and in hand54/58€10k€30k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€240k€278k▲
Equity10/15€111k€125k▲
Contributions10/11€19k€19k=
Reserves13€70k€84k▲
Tax-exempt reserves132€5k€5k=
Distributable reserves133€65k€79k▲
Profit (loss) carried forward14€22k€22k▲
Amounts payable17/49€129k€154k▲
Amounts payable after more than one year17€21k€18k▼
Financial debts170/4€21k€18k▼
Amounts payable within one year42/48€108k€136k▲
Current portion of amounts payable after more than one year42€12k€17k▲
Financial debts43€26k-
Credit institutions430/8€26k-
Trade debts44€51k€106k▲
Suppliers440/4€51k€106k▲
Taxes, remuneration and social security45€17k€11k▼
Taxes450/3€17k€11k▼
Other amounts payable47/48€2k€3k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€37k▲
Other operating charges640/8€2k€982▼
Non-recurring operating charges66A-€33k
Gross operating margin9900€51k€103k▲
Operating profit (loss)9901€39k€32k▼
Financial income75/76B€1€24▲
Recurring financial income75€1€24▲
Financial charges65/66B€11k€6k▼
Recurring financial charges65€6k€6k▲
Non-recurring financial charges66B€5k€258▼
Profit (loss) for the period before taxes9903€28k€26k▼
Income taxes67/77€9k€12k▲
Profit (loss) for the period9904€19k€14k▼
Profit (loss) for the period to be appropriated9905€19k€14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€41k€36k▼
Profit (loss) brought forward from the previous period14P€22k€22k▲
Transfer to equity691/2€19k€14k▼
To other reserves6921€19k€14k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €10k | €9k | €11k | €37k | ▲ 250% |
| Other operating charges640/8 | - | €2k | €5k | €2k | €982 | ▼ 41.4% |
| Non-recurring operating charges66A | - | - | €695 | - | €33k | - |
| Gross operating margin9900 | €17k | €55k | €32k | €51k | €103k | ▲ 102% |
| Operating profit (loss)9901 | €16k | €44k | €18k | €39k | €32k | ▼ 17.8% |
| Financial income75/76B | - | €1 | €28 | €1 | €24 | ▲ 1,646% |
| Recurring financial income75 | €43 | €1 | €28 | €1 | €24 | ▲ 1,646% |
| Financial charges65/66B | - | €905 | €1k | €11k | €6k | ▼ 41.8% |
| Recurring financial charges65 | €314 | €905 | €1k | €6k | €6k | ▲ 4.2% |
| Non-recurring financial charges66B | - | - | - | €5k | €258 | ▼ 94.9% |
| Profit (loss) for the period before taxes9903 | €16k | €43k | €16k | €28k | €26k | ▼ 8.5% |
| Income taxes67/77 | €3k | €13k | €5k | €9k | €12k | ▲ 35.4% |
| Profit (loss) for the period9904 | €12k | €30k | €11k | €19k | €14k | ▼ 28.3% |
| Profit (loss) for the period to be appropriated9905 | €7k | €30k | €11k | €19k | €14k | ▼ 28.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €82k | €146k | €217k | €240k | €278k | ▲ 16.1% |
| Fixed assets21/28 | €30k | €54k | €51k | €49k | €82k | ▲ 68.5% |
| Intangible fixed assets21 | - | - | €2k | €2k | €1k | ▼ 25.5% |
| Tangible fixed assets22/27 | - | €22k | €11k | €10k | €37k | ▲ 281% |
| Plant, machinery and equipment23 | - | €4k | - | €8k | €11k | ▲ 38.7% |
| Furniture and vehicles24 | - | €18k | €11k | €2k | €26k | ▲ 1,292% |
| Financial fixed assets28 | €30k | €32k | €38k | €38k | €44k | ▲ 18.4% |
| Current assets29/58 | €52k | €91k | €166k | €191k | €196k | ▲ 2.6% |
| Amounts receivable after more than one year29 | - | - | - | - | €19k | - |
| Trade receivables290 | - | - | - | - | €19k | - |
| Stocks and contracts in progress3 | - | - | €98k | €98k | €98k | = |
| Stocks30/36 | - | - | €98k | €98k | €98k | = |
| Amounts receivable within one year40/41 | €47k | €82k | €56k | €81k | €47k | ▼ 41.9% |
| Trade receivables40 | - | €24k | €45k | €73k | €35k | ▼ 52.7% |
| Other amounts receivable41 | - | €59k | €10k | €7k | €12k | ▲ 64.9% |
| Cash at bank and in hand54/58 | €4k | €8k | €10k | €10k | €30k | ▲ 202% |
| Deferred charges and accrued income490/1 | - | €2k | €3k | €2k | €2k | ▼ 28.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €82k | €146k | €217k | €240k | €278k | ▲ 16.1% |
| Equity10/15 | €50k | €81k | €91k | €111k | €125k | ▲ 12.5% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | - | €19k | - | - | - | - |
| Issued capital100 | - | €19k | - | - | - | - |
| Reserves13 | €12k | €41k | €51k | €70k | €84k | ▲ 19.3% |
| Tax-exempt reserves132 | - | €5k | €5k | €5k | €5k | = |
| Distributable reserves133 | - | €36k | €46k | €65k | €79k | ▲ 20.8% |
| Profit (loss) carried forward14 | €20k | €22k | €22k | €22k | €22k | ▲ 1.4% |
| Amounts payable17/49 | €31k | €65k | €125k | €129k | €154k | ▲ 19.1% |
| Amounts payable after more than one year17 | - | - | €15k | €21k | €18k | ▼ 16.2% |
| Financial debts170/4 | - | - | €15k | €21k | €18k | ▼ 16.2% |
| Amounts payable within one year42/48 | €31k | €65k | €110k | €108k | €136k | ▲ 26.0% |
| Current portion of amounts payable after more than one year42 | - | - | €9k | €12k | €17k | ▲ 48.0% |
| Financial debts43 | - | €10 | €30k | €26k | - | - |
| Credit institutions430/8 | - | €10 | €30k | €26k | - | - |
| Trade debts44 | €27k | €18k | €22k | €51k | €106k | ▲ 108% |
| Suppliers440/4 | - | €18k | €22k | €51k | €106k | ▲ 108% |
| Taxes, remuneration and social security45 | - | €20k | €22k | €17k | €11k | ▼ 37.1% |
| Taxes450/3 | - | €20k | €22k | €17k | €11k | ▼ 37.1% |
| Other amounts payable47/48 | - | €27k | €27k | €2k | €3k | ▲ 5.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12k | €30k | €11k | €19k | €14k | ▼ 28.3% |
| + Depreciation and write-downs630 | - | €10k | €9k | €11k | €37k | ▲ 250% |
| Operating cash flow (approximation) | €12k | €40k | €20k | €30k | €51k | ▲ 70.1% |
| Investment in fixed assets (approximation) | - | €-34k | €-6k | €-8k | €-70k | ▼ 743% |
| Change in cash | - | €4k | €2k | €391 | €20k | ▲ 5,073% |
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
2025
11-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 42 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Equity above €100kEq €111k ▲21.1%
6 profitable years in a row build equity to €111k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
04-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 65 days late
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
31-12
Financial
Highest result since 2018net €33k ▲709%
Operating result €48k, net result €33k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.69
Current ratio from 1.23 to 2.69.
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
11 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, Brussel · 1 establishment unit since 2006
Ground area
286 m²
Building footprint
205 m²
Volume, LiDAR
2,653 m³
Parcel 21819D0194/00X000, Brussels · tallest building 16.1 m, ±4 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
GD Immo Projects
since 20062.155.824.307
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21819D0194/00X000 | Brussels | 286 m² | 1 · 205 m² | 16.1 m · 4 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
Legal Entity Identifier
699400JFD93CJO0P9K60
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 12,913 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
Founded14-04-2005
Fiscal year end31-12
Abbreviation NL
GDIP
Activities, NACEBEL 2025
41001General construction of residential buildings
68121Development of residential building projects
43221Plumbing work
43990Other specialised construction activities
82100Office administrative and support services
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.