GDM
ActiveGDM has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €187k and a net result of €-3k. Equity is shrinking by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 20% of 7692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability49▲+44
Solvency45▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.8 against 0.79 in 2024; short-term debt: 54.3% and cash: 2.8% of total assets), and 80.2% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
19.8%
Return on assets
-0.3%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-3k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 7692 sector peers (2025).
NBB · sector comparisonPosition among 7692 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 07-01-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
39 d early
2023
48 d early
2022
11 d early
2021
40 d early
2020
25 d early
2019
46 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close17-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€187k▼ 1.5%
2024 · €190k
2019: €-14k
2020: €327k
2021: €319k
2022: €301k
2023: €298k
2024: €190k
2019 → 2025
Total assets
€946k▼ 3.7%
2024 · €982k
2019: €788k
2020: €1.11M
2021: €1.21M
2022: €1.21M
2023: €1.18M
2024: €982k
2019 → 2025
Net result
€-3k▲ 97.4%
2024 · €-108k
2019: €13k
2020: €342k
2021: €-8k
2022: €-18k
2023: €9k
2024: €-108k
2019 → 2025
Working capital
€-104k▲ 4.7%
2024 · €-109k
2019: €-320k
2020: €193k
2021: €114k
2022: €25k
2023: €22k
2024: €-109k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€319k-€301k▼ 5.7%€298k▼ 0.9%€190k▼ 36.3%€187k▼ 1.5%
Operating result€3k-€-6k€27k€-120k€11k
Net result€-8k-€-18k▼ 114%€9k€-108k€-3k▲ 97.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €11k after a loss of €120k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €946k
Fixed assets
€536k▼ 6.8%
Current assets
€410k▲ 0.7%
Equity and liabilities €946k
Equity
€187k▼ 1.5%
Debt
€759k▼ 4.2%
The debt ratio falls from 80.7% to 80.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€50k▲
2024 · €-81k
Cash flow
€36k▲
2024 · €-69k
Solvency
19.8%▲
2024 · 19.3%
Current ratio
0.80▲
2024 · 0.79
Quick ratio
0.78▲
2024 · 0.77
Debt / equity
4.06▼
2024 · 4.17
ROE
-1.5%▲
2024 · -57.0%
ROA
-0.3%▲
2024 · -11.0%
Interest coverage
3.70▲
2024 · -6.04
Debt
€759k▼
2024 · €792k
Debt ≤ 1 year
€514k▼
2024 · €516k
Debt > 1 year
€245k▼
2024 · €276k
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€982k€946k▼
Fixed assets21/28€575k€536k▼
Tangible fixed assets22/27€575k€536k▼
Land and buildings22€571k€536k▼
Furniture and vehicles24€3k-
Current assets29/58€407k€410k▲
Stocks and contracts in progress3€10k€10k=
Stocks30/36€10k€10k=
Amounts receivable within one year40/41€366k€374k▲
Trade receivables40€63k€76k▲
Other amounts receivable41€303k€297k▼
Cash at bank and in hand54/58€30k€26k▼
Deferred charges and accrued income490/1€893€239▼
Equity and liabilities
Total equity and liabilities10/49€982k€946k▼
Equity10/15€190k€187k▼
Contributions10/11€6k€6k=
Reserves13€184k€181k▼
Distributable reserves133€184k€181k▼
Amounts payable17/49€792k€759k▼
Amounts payable after more than one year17€276k€245k▼
Financial debts170/4€276k€245k▼
Amounts payable within one year42/48€516k€514k▼
Current portion of amounts payable after more than one year42€30k€31k▲
Trade debts44€18k€13k▼
Suppliers440/4€18k€13k▼
Taxes, remuneration and social security45€50k€3k▼
Taxes450/3€50k€3k▼
Other amounts payable47/48€418k€467k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€39k▼
Other operating charges640/8€93k€8k▼
Gross operating margin9900€12k€57k▲
Operating profit (loss)9901€-120k€11k▲
Financial charges65/66B€13k€13k▼
Recurring financial charges65€13k€13k▼
Profit (loss) for the period before taxes9903€-134k€-3k▲
Transfer from deferred taxes780€71k-
Income taxes67/77€46k-
Profit (loss) for the period9904€-108k€-3k▲
Transfer from tax-exempt reserves789€208k-
Profit (loss) for the period to be appropriated9905€99k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€99k€-3k▼
Transfer from equity791/2€2k€3k▲
Transfer to equity691/2€101k-
To other reserves6921€101k-
The notes to these accounts (7 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
07-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
23-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Weakest financial yearnet €-108k ▼1284%
Net result drops to €-108k, the lowest in the series; recovery starts the following year.
2023
14-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Back to profitnet €9k
Net result €9k after 2 loss-making years.
20-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
22-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
06-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Highest result since 2019net €342k ▲2453%
Operating result €449k, net result €342k, both a record.
30-06
Financial
Liquidity quadruplescurrent ratio 1.42
Current ratio from 0.40 to 1.42; short-term debt falls from €537k to €458k.
30-06
Financial
Equity above €200kEq €327k
2 profitable years in a row build equity to €327k.
2019
16-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
20-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
09-01
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Lebbeke · 1 establishment unit since 2008
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.
Poelstraat 509280 LebbekeGround area
2,195 m²
Building footprint
189 m²
Volume, LiDAR
959 m³
Parcel 42011B1201/00A002, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GDM
since 20082.174.240.449
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42011B1201/00A002 | Flanders | 2,195 m² | 1 · 189 m² | 8.4 m · 2 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.
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LOODTS
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R&N
BE 0897.732.426
Oostende · Eq €187k
WATILLON & Fils
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HPS+
BE 0600.858.085
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Of 15,542 companies in sector 43990 we hold annual accounts for 7,421. 5,907 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-09-2008
Fiscal year end30-06
Activities, NACEBEL
43990Other specialised construction activities
43995Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.