GDB MANAGEMENT
ActiveGDB MANAGEMENT has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €510k and a net result of €33k. Equity is growing by ~16.9% per year across the filed fiscal years. Its solvency ranks better than 50% of 9095 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
63
/ 100
Healthy▼ -24 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33▼-11
Solvency73▼-6
Growth52=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 7.47 against 17.15 in 2024), but 68% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
32%
Return on assets
2.1%
Age of the figures
8 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 23-07-2026, 8 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
8 d early
2024
6 d early
2023
8 d early
2022
40 d early
2021
61 d early
2020
18 d early
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€510k▼ 8.4%
2024 · €557k
2020: €85k
2021: €143k
2022: €496k
2023: €508k
2024: €557k
2020 → 2025
Total assets
€1.59M▲ 3.6%
2024 · €1.54M
2020: €161k
2021: €753k
2022: €1.35M
2023: €1.48M
2024: €1.54M
2020 → 2025
Net result
€33k▼ 32.2%
2024 · €49k
2020: €80k
2021: €57k
2022: €353k
2023: €12k
2024: €49k
2020 → 2025
Working capital
€1.29M▼ 3.3%
2024 · €1.33M
2020: €89k
2021: €84k
2022: €82k
2023: €-49k
2024: €1.33M
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€143k-€496k▲ 247%€508k▲ 2.3%€557k▲ 9.7%€510k▼ 8.4%
Operating result€73k-€466k▲ 539%€32k▼ 93.1%€93k▲ 189%€118k▲ 26.3%
Net result€57k-€353k▲ 515%€12k▼ 96.7%€49k▲ 324%€33k▼ 32.2%
Turnover and EBIT margin not published: the abbreviated 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 26% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.59M
Fixed assets
€110k▼ 13.4%
Current assets
€1.48M▲ 5.1%
Equity and liabilities €1.59M
Equity
€510k▼ 8.4%
Debt
€1.08M▲ 10.4%
The debt ratio rises from 63.8% to 68.0%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€152k▲
2024 · €126k
Cash flow
€68k▼
2024 · €83k
Solvency
32.0%▼
2024 · 36.2%
Current ratio
7.47▼
2024 · 17.15
Quick ratio
0.44▼
2024 · 1.06
Debt / equity
2.13▲
2024 · 1.76
ROE
6.5%▼
2024 · 8.8%
ROA
2.1%▼
2024 · 3.2%
Interest coverage
7.23▲
2024 · 5.29
Debt
€1.08M▲
2024 · €982k
Debt ≤ 1 year
€199k▲
2024 · €82k
Debt > 1 year
€886k▼
2024 · €900k
Income taxes
€63k▲
2024 · €20k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.54M€1.59M▲
Fixed assets21/28€127k€110k▼
Tangible fixed assets22/27€127k€110k▼
Plant, machinery and equipment23€129€2k▲
Furniture and vehicles24€110k€79k▼
Other tangible fixed assets26€16k€29k▲
Current assets29/58€1.41M€1.48M▲
Stocks and contracts in progress3€1.33M€1.40M▲
Stocks30/36€1.33M€1.40M▲
Amounts receivable within one year40/41€30k€30k=
Trade receivables40€30k€30k=
Cash at bank and in hand54/58€54k€53k▼
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€1.54M€1.59M▲
Equity10/15€557k€510k▼
Contributions10/11€5k€5k=
Reserves13€552k€505k▼
Distributable reserves133€552k€505k▼
Amounts payable17/49€982k€1.08M▲
Amounts payable after more than one year17€900k€886k▼
Financial debts170/4€748k€687k▼
Other amounts payable178/9€152k€198k▲
Amounts payable within one year42/48€82k€199k▲
Current portion of amounts payable after more than one year42€59k€60k▲
Trade debts44€4k€34k▲
Suppliers440/4€4k€34k▲
Taxes, remuneration and social security45€19k€28k▲
Taxes450/3€19k€28k▲
Other amounts payable47/48-€76k
Income statement
Code20242025
Non-recurring operating income76A-€507
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€35k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€128k€153k▲
Operating profit (loss)9901€93k€118k▲
Financial income75/76B€1€75▲
Recurring financial income75€1€75▲
Financial charges65/66B€24k€21k▼
Recurring financial charges65€24k€21k▼
Profit (loss) for the period before taxes9903€69k€97k▲
Income taxes67/77€20k€63k▲
Profit (loss) for the period9904€49k€33k▼
Profit (loss) for the period to be appropriated9905€49k€33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€49k€33k▼
Transfer from equity791/2-€80k
Transfer to equity691/2€49k€33k▼
To other reserves6921€49k€33k▼
Profit to be distributed694/7-€80k
Return on contributions (dividend)694-€80k
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity times 28current ratio 17.15
Current ratio from 0.61 to 17.15; short-term debt falls from €123k to €82k.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €12k ▼96.7%
Net result drops to €12k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €500kEq €508k ▲2.3%
4 profitable years in a row build equity to €508k.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2020net €353k ▲515%
Operating result €466k, net result €353k, both a record.
31-12
Financial
Equity above €200kEq €496k ▲247%
3 profitable years in a row build equity to €496k.
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €100kEq €143k ▲67.3%
2 profitable years in a row build equity to €143k.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Knokke-Heist · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Noordzeelaan 98300 Knokke-HeistGround area
1,878 m²
Building footprint
397 m²
Volume, LiDAR
2,854 m³
Parcel 31332E1149/00P000, Flanders · tallest building 13.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GDB MANAGEMENT
since 20192.295.479.264
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31332E1149/00P000 | Flanders | 1,878 m² | 1 · 397 m² | 13.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
984500C3E1BEF00R9568
Similar companies · same sector, comparable size
ROJAN Investments
BE 0865.886.633
Leopoldsburg · Eq €510k
PEGASUS - INVEST
BE 0462.839.359
Bornem · Eq €511k
Sigroup
BE 0433.218.628
Vilvoorde · Eq €512k
DANNYBEL
BE 0479.419.233
Oostende · Eq €508k
BPG Project
BE 0837.955.383
Watermaal-Bosvoorde · Eq €508k
Of 11,700 companies in sector 68310 we hold annual accounts for 6,875. 4,547 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-09-2019
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.