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Documentsfilings and deeds
15-12-202547 days before the deadline
2025micro format
Gross margin from €17,430 to €32,448Result from €8,538 to €18,564Dividend €8,000Equity from €12,538 to €23,102Debts from €69,424 to €39,606Investments €29,281
The higher the Checked score (0 to 100), the smaller the chance that the company goes bankrupt within twelve months. That chance sets the band, from Critical to Excellent, and within the band how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
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Bankruptcy probability within 12 months
Bankruptcy probability
It is the chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. At 0.2%, about 2 in 1,000 comparable companies go bankrupt. The higher it is, the shorter the payment term to agree.
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Financial strength
Financial strength
Financial strength measures the balance sheet and the results with three figures out of 100 from the latest annual accounts: solvency, liquidity and profitability. It does not directly set the Checked score's band. How the company does against its sector peers on these and on growth does count for its place within the band.
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Score breakdown
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Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as GDEV has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Micro
2 to 5 years old
solvency 30% or more
a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
The companies in ten equal groups, from the lowest to the highest expected share
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%
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for GDEV. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit verdict
The credit verdict says how much credit you can give the company on open account. “Acceptable” means normal terms, “With conditions” means limiting the amount or the term. “Not advised” means asking for payment up front.
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Credit check for an amount and term of your choice
Appointment: Name hiddenVisible after signing in (director)
General meeting of 20-02-2023 · Gazette deed
Incorporation
Founding capital of €4,000, 100 shares · Founder: Hidden nameVisible after signing in (comparant) · Appointment: Name after signing inVisible after signing in (director) · published on 16-02-2023 · Gazette deed
First establishment
Rue de Péronnes (S-V) 43, La Louvière
Sector peers are the companies with the same activity (NACE code) and, where stated, the same size, that the company is compared with. A percentile says how many of them do worse.
These companies have the same main activity as GDEV: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €62,100 and €64,800, founded between 2022 and 2023.
GDEV has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23,102 and a net result of €18,564.
Its solvency ranks better than 32% of 21,217 sector peers (NACE 62, financial year 2025).
micro format, filed on 15-12-2025, 47 days before the deadline
Abbreviated and micro format
Small companies may file abbreviated or micro-format accounts. They often leave out revenue and other detail. The law allows it, so it is not missing data.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €110,000. Estimated: probably between €88,000 and €150,000.
Balance sheet
balance sheet total €62,708 on 30-06-2025
What the company ownsHow it is paid for
in euro
in euro
Position in the sector
Sector peers
Sector peers are the companies with the same activity (NACE code) and, where stated, the same size, that the company is compared with. A percentile says how many of them do worse.
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
A company files its annual accounts with the National Bank no later than seven months after its financial year ends. Repeated late filing is a warning sign.
per financial year, computed from the annual accounts
Line
Trend
2025
2024
31,841
16,873
24,538
12,338
29,281
8,910
-2,120
-
-5,315
11,288
36.8%
15.3%
0.87
1.17
1.71
5.54
80.4%
68.1%
29.6%
10.4%
over 100
over 100
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired
Investment
Investment is what the company bought in the financial year in buildings, machinery, software and other fixed assets. Above depreciation, it is building up. Years below it, it is living off what it has.
Item
30-06-2025
30-06-2024
Tangible fixed assets
€1,606
€8,910
Intangible fixed assets
€27,675
-
€5,973
€3,800
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on GDEV
The operating result for 2025 is 98% higher than in 2024.
Debt's share of the balance-sheet total falls from 84.7% to 63.2%. Equity is higher and debt is lower.
Board & ownership
Board
Directors
Many board changes in a short time are a reason to keep a close eye on the company.
Each bar is one period in a role, from appointment to resignation or to today. An open left edge means the mandate began before its first mention. An open right edge means the mandate ended without a stated end date.
2 names, the dashed line is today
202320242025202620272028
Name after signing inVisible after signing in Director
Name hiddenVisible after signing in Director (not named in the articles)
Board
Mandates as a list
Hidden nameVisible after signing in
Director, from 16-02-2023 to date
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Director (not named in the articles), appointed by deed of 16-02-2023, still in office
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Friday of December at 18:00
Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
IncorporationFounding capital of €4,000, 100 shares · Founder: Name after signing inVisible after signing in (comparant) · Appointment: Name hiddenVisible after signing in (director) · published on 16-02-20236 points ▸
Registered office clause, 7100 La Louvière (Saint-Vaast) rue de Péronnes 43
Board rule, 1
Director appointment, Hidden nameVisible after signing in (director (not named in the articles))
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Founder, Name hiddenVisible after signing in (comparant)
Each sentence rests on a document from the KBO register, the Belgian Official Gazette or the National Bank. The number after the sentence opens that document.
On 14 February 2023, GDEV was incorporated as a private limited company by one natural person, with a starting capital of €4,000.12Today the board has 2 members.3The company has filed 2 sets of annual accounts, the latest for financial year 2025.4