GF PROJECTS
GF PROJECTS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €2.60M and a net result of €-74k. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 52% of 1421 sector peers (fiscal year 2024). The company has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €2.60M |
| Net result | €-74k |
| Better than sector | 52% |
| Active | 42 yrs |
Mixed profile: strong on stability, weaker on profitability.
Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.
This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 41.7% | 39.9% | |
| Net result | €-74k | €85k | |
| Equity | €2.60M | €313k | |
| Gross operating margin | €150k | €427k | |
| Employees (FTE) | 0.0 | 3.7 |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | n/a | n/a | n/a | n/a |
| EBITDA | n/a | n/a | n/a | n/a |
| Net profit | €-74k | €73k | €93k | €-70k |
| Cash flow | n/a | n/a | n/a | n/a |
| Staff costs | - | - | - | - |
| Income taxes | €563 | €543 | €627 | €583 |
| Dividends | - | - | - | - |
| Total assets | €6.25M | €6.17M | €5.19M | €3.95M |
| Equity | €2.60M | €2.68M | €2.60M | €2.51M |
| Debt | €2.63M | €2.46M | €2.10M | €938k |
| of which ≤ 1y | €1.01M | €1.06M | €2.10M | €933k |
| of which > 1y | €1.62M | €1.39M | €4k | €350 |
| Working capital | n/a | n/a | n/a | n/a |
| Employees (FTE) | 0.0 | 0.0 | - | - |
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | n/a | n/a | n/a | n/a |
| Quick ratio | n/a | n/a | n/a | n/a |
| Working capital ratio | n/a | n/a | n/a | n/a |
| Solvency | 41.7% | 43.4% | 50.1% | 63.5% |
| Debt / equity | n/a | n/a | n/a | n/a |
| Long-term debt ratio | n/a | n/a | n/a | n/a |
| Interest coverage | n/a | n/a | n/a | n/a |
| Gross margin | n/a | n/a | n/a | n/a |
| Net margin | n/a | n/a | n/a | n/a |
| ROA | -1.2% | 1.2% | 1.8% | -1.8% |
| ROE | -2.9% | 2.7% | 3.6% | -2.8% |
| EBITDA margin | n/a | n/a | n/a | n/a |
| Days sales outstanding | n/a | n/a | n/a | n/a |
| Days payable outstanding | n/a | n/a | n/a | n/a |
| Inventory turnover | n/a | n/a | n/a | n/a |
| Days inventory (DSI) | n/a | n/a | n/a | n/a |
Full annual accounts (26 line items)
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €6.25M | €6.17M | €5.19M | €3.95M |
| Fixed assets | 21/28 | €4.57M | €4.41M | €4.75M | €3.38M |
| Tangible fixed assets | 22/27 | €4.57M | €4.34M | €3.04M | €1.68M |
| Financial fixed assets | 28 | €542 | €71k | €1.70M | €1.70M |
| Current assets | 29/58 | €1.68M | €1.77M | €448k | €576k |
| Stocks & contracts in progress | 3 | €3k | €3k | €3k | €3k |
| Amounts receivable within one year | 40/41 | €1.62M | €1.72M | €417k | €546k |
| Cash & bank | 54/58 | €21k | €25k | €25k | €22k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €6.25M | €6.17M | €5.19M | €3.95M |
| Equity | 10/15 | €2.60M | €2.68M | €2.60M | €2.51M |
| Contributions / capital | 10/11 | €62k | €62k | €62k | €62k |
| Reserves | 13 | €2.54M | €2.62M | €2.54M | €2.45M |
| Accumulated profits (losses) | 14 | - | - | - | €0 |
| Provisions & deferred taxes | 16 | €1.01M | €1.04M | €487k | €504k |
| Amounts payable | 17/49 | €2.63M | €2.46M | €2.10M | €938k |
| Amounts payable after one year | 17 | €1.62M | €1.39M | €4k | €350 |
| Amounts payable within one year | 42/48 | €1.01M | €1.06M | €2.10M | €933k |
| Trade debts payable within one year | 44 | €307 | €67k | €114k | €67k |
| Income statement | |||||
| Gross operating margin | 9900 | €150k | €34k | €-11k | €-22k |
| Operating result | 9901 | €2k | €-9k | €-89k | €-70k |
| Financial income | 75 | €33k | €19k | €208k | €2k |
| Financial charges | 65 | €141k | €113k | €43k | €18k |
| Result before taxes | 9903 | €-100k | €48k | €76k | €-87k |
| Income taxes | 67/77 | €563 | €543 | €627 | €583 |
| Net result for the period | 9904 | €-74k | €73k | €93k | €-70k |
| Result to be appropriated | 9905 | €-22k | €125k | €145k | €-18k |
| NACE primary | Activities auxiliary to financial services and insurance activities(66300) |
| Legal form | Public limited company(014) |
| Incorporation | 31-01-1984 |
| Status | Active |
| Postal code | 3350 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24077E0343/00E000 | Flanders | 690 m² | 1 · 697 m² | 16.3 m · 3 fl. |
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
14-08-2023 Transaction in capital or shares
Technical details
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"act_meta": {
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"filing_date": "2023-08-04",
"act_kind_objet": "statutenwijziging - fusie door overneming"
},
"decision": {
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"act_date": "2023-07-31",
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"subject_company": {
"kbo": "0425.343.911",
"name_full": "GF PROJECTS",
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"uittreksel",
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"shareholders_after": [
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{
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"voting_rights_per_share": 1.0
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]
}| Legal nameNL | GF PROJECTS |