GDD INFRA
ActiveGDD INFRA has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.19M and a net result of €2.90M. Equity is shrinking by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 75% of 297 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+13
Solvency84▲+3
Growth63▲+17
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €470k at 30 days acceptable
Liquidity ample (current ratio 2.43 against 2.21 in 2024; short-term debt: 40% and cash: 7.9% of total assets), and 40.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
59.1%
Return on assets
27.7%
Age of the figures
12 mo
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €6.19M
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 01-04-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
21 d early
2023
20 d early
2022
23 d early
2021
11 d early
2020
15 d early
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€14.75M▲ 19.7%
2024 · €12.32M
2019: €14.46M
2020: €13.83M
2021: €14.53M
2022: €12.42M
2023: €10.03M
2024: €12.32M
2019 → 2025
EBIT margin
26.2%▲ 14.0pp
2024 · 12.2%
2019: 3.1%
2020: 4.4%
2021: 4.8%
2022: 5.9%
2023: 10.3%
2024: 12.2%
2019 → 2025
Net result
€2.90M▲ 166%
2024 · €1.09M
2019: €218k
2020: €320k
2021: €400k
2022: €452k
2023: €651k
2024: €1.09M
2019 → 2025
Working capital
€5.99M▲ 97.8%
2024 · €3.03M
2019: €9.15M
2020: €9.46M
2021: €8.33M
2022: €5.23M
2023: €1.83M
2024: €3.03M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€14.53M-€12.42M▼ 14.5%€10.03M▼ 19.2%€12.32M▲ 22.8%€14.75M▲ 19.7%
Equity€3.60M-€1.55M▼ 56.9%€2.20M▲ 42.0%€3.29M▲ 49.5%€6.19M▲ 88.1%
Operating result€701k-€731k▲ 4.3%€1.04M▲ 42.0%€1.51M▲ 45.0%€3.86M▲ 157%
Net result€400k-€452k▲ 12.9%€651k▲ 44.0%€1.09M▲ 67.5%€2.90M▲ 166%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 157% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.48M
Fixed assets
€298k▼ 23.5%
Current assets
€10.18M▲ 84.0%
Equity and liabilities €10.48M
Equity
€6.19M▲ 88.1%
Provisions
€29k▼ 2.5%
Debt
€4.26M▲ 63.7%
The debt ratio falls from 43.9% to 40.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€4.01M▲
2024 · €1.80M
Cash flow
€3.04M▲
2024 · €1.38M
Solvency
59.1%▲
2024 · 55.6%
Current ratio
2.43▲
2024 · 2.21
Quick ratio
2.39▲
2024 · 2.14
Debt / equity
0.69▼
2024 · 0.79
ROE
46.8%▲
2024 · 33.1%
ROA
27.7%▲
2024 · 18.4%
Interest coverage
309.47▲
2024 · 104.65
Debt
€4.26M▲
2024 · €2.60M
Debt ≤ 1 year
€4.19M▲
2024 · €2.50M
Debt > 1 year
€71k▼
2024 · €97k
Income taxes
€1.05M▲
2024 · €400k
Staff costs
€2.96M▼
2024 · €3.71M
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€5.92M€10.48M▲
Fixed assets21/28€389k€298k▼
Tangible fixed assets22/27€272k€190k▼
Plant, machinery and equipment23€961€5k▲
Furniture and vehicles24€23k€46k▲
Leasing and similar rights25€249k€138k▼
Financial fixed assets28€117k€108k▼
Other financial fixed assets284/8€117k€108k▼
Shares284€15k€15k=
Amounts receivable and cash guarantees285/8€102k€93k▼
Current assets29/58€5.53M€10.18M▲
Amounts receivable after more than one year29-€2.00M
Other amounts receivable291-€2.00M
Stocks and contracts in progress3€187k€187k=
Stocks30/36€187k€187k=
Raw materials and consumables30/31€187k€187k=
Amounts receivable within one year40/41€2.44M€7.13M▲
Trade receivables40€2.18M€4.77M▲
Other amounts receivable41€263k€2.36M▲
Cash at bank and in hand54/58€2.88M€831k▼
Deferred charges and accrued income490/1€21k€33k▲
Equity and liabilities
Total equity and liabilities10/49€5.92M€10.48M▲
Equity10/15€3.29M€6.19M▲
Contributions10/11€687k€687k=
Reserves13€2.60M€5.50M▲
Non-distributable reserves130/1€87k€87k=
Reserves not available under the articles1311€0-
Other1319€87k€87k=
Tax-exempt reserves132€221k€211k▼
Distributable reserves133€2.30M€5.20M▲
Profit (loss) carried forward14€141€150▲
Provisions and deferred taxes16€30k€29k▼
Provisions for liabilities and charges160/5€5k€8k▲
Other liabilities and charges164/5€5k€8k▲
Deferred taxes168€25k€21k▼
Amounts payable17/49€2.60M€4.26M▲
Amounts payable after more than one year17€97k€71k▼
Financial debts170/4€97k€71k▼
Leasing and similar obligations172€97k€71k▼
Amounts payable within one year42/48€2.50M€4.19M▲
Current portion of amounts payable after more than one year42€120k€65k▼
Financial debts43€118k€0▼
Credit institutions430/8€118k€0▼
Trade debts44€1.97M€3.40M▲
Suppliers440/4€1.97M€3.40M▲
Taxes, remuneration and social security45€291k€721k▲
Taxes450/3€217k€563k▲
Remuneration and social security454/9€73k€158k▲
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Operating income70/76A€12.59M€15.00M▲
Turnover70€12.32M€14.75M▲
Other operating income74€263k€250k▼
Operating charges60/66A€11.08M€11.14M▲
Goods for resale, raw materials and consumables60€4.90M€6.45M▲
Purchases600/8€4.90M€6.45M▲
Services and other goods61€2.08M€1.41M▼
Remuneration, social security and pensions62€3.71M€2.96M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€294k€146k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-3k€3k▲
Other operating charges640/8€103k€161k▲
Operating profit (loss)9901€1.51M€3.86M▲
Financial income75/76B€2k€100k▲
Recurring financial income75€2k€100k▲
Income from current assets751€773€72k▲
Other financial income752/9€784€27k▲
Financial charges65/66B€21k€16k▼
Recurring financial charges65€21k€16k▼
Debt charges650€17k€13k▼
Other financial charges652/9€4k€3k▼
Profit (loss) for the period before taxes9903€1.49M€3.94M▲
Transfer from deferred taxes780€4k€3k▼
Income taxes67/77€400k€1.05M▲
Taxes670/3€400k€1.06M▲
Tax adjustments and reversals of tax provisions77-€10k
Profit (loss) for the period9904€1.09M€2.90M▲
Transfer from tax-exempt reserves789€13k€10k▼
Profit (loss) for the period to be appropriated9905€1.10M€2.91M▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.10M€2.91M▲
Profit (loss) brought forward from the previous period14P€840€141▼
Transfer to equity691/2€1.10M€2.91M▲
To other reserves6921€1.10M€2.91M▲
Social balance
Average headcount (FTE)908771.954.9▼
The notes to these accounts (75 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
01-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-09
Financial
Highest result since 2019net €2.90M ▲166%
Operating result €3.86M, net result €2.90M, both a record.
30-09
Financial
Equity above €5MEq €6.19M ▲88.1%
7 profitable years in a row build equity to €6.19M.
09-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
10-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Equity above €2MEq €2.20M ▲42%
5 profitable years in a row build equity to €2.20M.
07-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
19-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
15-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
24-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
20 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, Temse · 2 establishment units since 2005
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.
Haverheidelaan 89140 TemseGround area
1.6 ha
Building footprint
5,835 m²
Volume, LiDAR
41,399 m³
2 parcels, Flanders · tallest building 18.6 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
GDD Infra
since 20052.150.087.746
GDD INFRA
since 20182.276.595.443
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34012A0420/00C000 | Flanders | 1.6 ha | 1 · 5,717 m² | 9.5 m · 2 fl. |
| 46025B0482/00H000 | Flanders | 133 m² | 1 · 118 m² | 18.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 4,071 EUR awarded · 4,071 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,500 EUR | 1,500 EUR |
| 2022 | 1 | 2,571 EUR | 2,571 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Recognitions · licences · registrations
Recognised contractor
6 categoriesGDD INFRA BV29323
Similar companies · same sector, comparable size
ELECTROBUILD
BE 0456.240.884
Zaventem · Eq €6.31M
ENTREPRISE DEVRESSE
BE 0862.358.110
Bièvre · Eq €6.61M
CASTELEYN EN ZONEN
BE 0425.117.841
Tielt · Eq €6.67M
Canalco
BE 0406.867.983
Grobbendonk · Eq €6.70M
SMET GWT EUROPE
BE 0677.985.755
Dessel · Eq €5.58M
Of 1,825 companies in sector 42220 we hold annual accounts for 958. 182 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-12-2002
Fiscal year end30-09
Activities, NACEBEL
42220Construction of utility projects for electricity and telecommunications
45215
41001General construction of residential buildings
41003General construction of other non-residential buildings
43120Site preparation
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.