GFI
ActiveSummary
For GFI, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €45,396 and a net result of €1,178. Equity is growing by ~29.5% per year across the filed fiscal years. Its solvency ranks better than 19% of 33676 sector peers (fiscal year 2023). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability34▼-36
Solvency41▲+7
Growth52=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2023Solvency, return and age of the figures
Solvency
15.6%
Return on assets
0.4%
Age of the figures
33 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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline29-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 28-12-2024, 150 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
150 d late
2022
152 d late
2021
108 d late
2020
125 d late
2019
146 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 136 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1,178▼ 62.3%
2022 · €3,122
Working capital
€2,811
2022 · -€6,286
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result-€7,447€22,339€7,268▼ 67.5%€3,310▼ 54.5%€24,475▲ 639%
Net result€29,939▲ 516%€22,111within the sector's middle half▼ 26.1%€7,711within the sector's middle half▼ 65.1%€3,122within the sector's middle half▼ 59.5%€1,178within the sector's middle half▼ 62.3%
Equity€11,274€33,385below the sector's middle half▲ 196%€41,096below the sector's middle half▲ 23.1%€44,218within the sector's middle half▲ 7.6%€45,396within the sector's middle half▲ 2.7%
Total assets€401,991▲ 4.9%€465,586within the sector's middle half▲ 15.8%€818,723within the sector's middle half▲ 75.8%€472,028above the sector's middle half▼ 42.3%€290,814within the sector's middle half▼ 38.4%
Debt€390,717▼ 2.8%€432,201▲ 10.6%€777,627▲ 79.9%€427,810▼ 45.0%€245,418▼ 42.6%
Working capital-€40,852▲ 37.5%-€21,763below the sector's middle half▲ 46.7%-€14,200below the sector's middle half▲ 34.8%-€6,286below the sector's middle half▲ 55.7%€2,811below the sector's middle half
Solvency2.8%▲ 7.7pp7.2%below the sector's middle half▲ 4.4pp5.0%below the sector's middle half▼ 2.2pp9.4%below the sector's middle half▲ 4.3pp15.6%below the sector's middle half▲ 6.2pp
Current ratio0.90▲ 0.060.95below the sector's middle half▲ 0.050.98below the sector's middle half▲ 0.030.99below the sector's middle half=1.01below the sector's middle half▲ 0.03
Return on assets (ROA)7.4%▲ 6.2pp4.7%within the sector's middle half▼ 2.7pp0.9%within the sector's middle half▼ 3.8pp0.7%below the sector's middle half▼ 0.3pp0.4%within the sector's middle half▼ 0.3pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 639% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €290,814
Fixed assets
€43,886 ▼ 16.8%
Current assets
€246,929 ▼ 41.1%
Equity and liabilities €290,814
Equity
€45,396 ▲ 2.7%
Debt
€245,418 ▼ 42.6%
Debt's share of the balance-sheet total falls from 90.6% to 84.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€33,701▲
2022 · €16,968
Cash flow
€10,404▼
2022 · €16,779
Debt to equity
5.41▼
2022 · 9.67
ROE
2.6%▼
2022 · 7.1%
Interest coverage
1.79▼
2022 · 90.03
Debt ≤ 1 year
€244,118▼
2022 · €425,588
Debt > 1 year
€1,300=
2022 · €1,300
Income taxes
€4,509
Staff costs
€186
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €186 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,328 | €8,465 | €11,481 | €13,657 | €9,226 | ▼ 32.4% |
| Other operating charges640/8 | - | - | €1,959 | €10,313 | €2,747 | ▼ 73.4% |
| Gross operating margin9900 | -€912 | €39,488 | €20,708 | €27,281 | €36,634 | ▲ 34.3% |
| Operating profit (loss)9901 | -€7,447 | €22,339 | €7,268 | €3,310 | €24,475 | ▲ 639% |
| Financial income75/76B | - | - | €628 | €0 | €27 | ▲ 19,186% |
| Recurring financial income75 | €37,744 | €3,510 | €407 | €0 | €27 | ▲ 19,186% |
| Non-recurring financial income76B | - | - | €221 | - | - | - |
| Financial charges65/66B | - | - | €168 | €188 | €18,816 | ▲ 9,883% |
| Recurring financial charges65 | €358 | €1,233 | €168 | €188 | €18,816 | ▲ 9,883% |
| Profit (loss) for the period before taxes9903 | €29,939 | €24,616 | €7,728 | €3,122 | €5,687 | ▲ 82.1% |
| Income taxes67/77 | - | €2,505 | €17 | - | €4,509 | - |
| Profit (loss) for the period9904 | €29,939 | €22,111 | €7,711 | €3,122 | €1,178 | ▼ 62.3% |
| Profit (loss) for the period to be appropriated9905 | €29,939 | €22,111 | €7,711 | €3,122 | €1,178 | ▼ 62.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €401,991 | €465,586 | €818,723 | €472,028 | €290,814 | ▼ 38.4% |
| Fixed assets21/28 | €52,556 | €59,823 | €57,802 | €52,726 | €43,886 | ▼ 16.8% |
| Tangible fixed assets22/27 | €15,556 | €22,823 | €20,802 | €15,726 | €6,886 | ▼ 56.2% |
| Furniture and vehicles24 | - | - | €1,609 | €2,672 | €1,626 | ▼ 39.2% |
| Other tangible fixed assets26 | - | - | €19,193 | €13,054 | €5,260 | ▼ 59.7% |
| Financial fixed assets28 | €37,000 | €37,000 | €37,000 | €37,000 | €37,000 | = |
| Current assets29/58 | €349,435 | €405,763 | €760,922 | €419,302 | €246,929 | ▼ 41.1% |
| Stocks and contracts in progress3 | - | €13,333 | - | - | - | - |
| Amounts receivable within one year40/41 | €108,890 | €147,554 | €333,207 | €363,224 | €196,358 | ▼ 45.9% |
| Trade receivables40 | - | - | €145,706 | €264,683 | €172,286 | ▼ 34.9% |
| Other amounts receivable41 | - | - | €187,501 | €98,541 | €24,072 | ▼ 75.6% |
| Cash at bank and in hand54/58 | €186,678 | €226,008 | €427,714 | €56,078 | €50,570 | ▼ 9.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €401,991 | €465,586 | €818,723 | €472,028 | €290,814 | ▼ 38.4% |
| Equity10/15 | €11,274 | €33,385 | €41,096 | €44,218 | €45,396 | ▲ 2.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | - | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | - | - | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€7,326 | €14,785 | €20,636 | €23,758 | €24,936 | ▲ 5.0% |
| Amounts payable17/49 | €390,717 | €432,201 | €777,627 | €427,810 | €245,418 | ▼ 42.6% |
| Amounts payable after more than one year17 | - | - | €1,300 | €1,300 | €1,300 | = |
| Other amounts payable178/9 | - | - | €1,300 | €1,300 | €1,300 | = |
| Amounts payable within one year42/48 | €390,287 | €427,525 | €775,122 | €425,588 | €244,118 | ▼ 42.6% |
| Trade debts44 | €18,853 | €24,353 | €28,124 | €23,075 | - | - |
| Suppliers440/4 | - | - | €28,124 | €23,075 | - | - |
| Advances received on contracts in progress46 | - | - | €302,060 | - | €107,600 | - |
| Other amounts payable47/48 | - | - | €444,938 | €402,512 | €136,518 | ▼ 66.1% |
| Accrued charges and deferred income492/3 | - | - | €1,205 | €922 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,939 | €22,111 | €7,711 | €3,122 | €1,178 | ▼ 62.3% |
| + Depreciation and write-downs630 | €4,328 | €8,465 | €11,481 | €13,657 | €9,226 | ▼ 32.4% |
| Operating cash flow (approximation) | €34,267 | €30,577 | €19,193 | €16,779 | €10,404 | ▼ 38.0% |
| Investment in fixed assets (approximation) | - | -€15,733 | -€9,460 | -€8,582 | -€385 | ▲ 95.5% |
| Change in cash | - | €39,330 | €201,706 | -€371,636 | -€5,508 | ▲ 98.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
28-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 150 days late
2023
31-12
Financial
Weakest financial yearnet €1,178 ▼62.3%
Net result drops to €1,178, the lowest in the series.
30-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 152 days late
2022
16-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 108 days late
2021
03-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 125 days late
2020
24-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 146 days late
2019
31-12
Financial
Highest result since 2018net €29,939 ▲516%
Net result €29,939, the highest in the series.
22-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 83 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 61 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
2016
22-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 114 days late
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Lasne · 1 establishment unit since 2010
Ground area
1,511 m²
Building footprint
279 m²
Parcel 25076F0143/00F002, Wallonia. Linked by address, not a title deed.
22
companies at this address
See who is registered here
1 establishment unit
GFI
since 20102.183.763.968
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25076F0143/00F002 | Wallonia | 1,511 m² | 1 · 279 m² | - |
Linked by address, not proof of ownership
Good to know
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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Of 15,524 companies in sector 43990 we hold annual accounts for 7,427. 6,036 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-11-2009
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
68110Buying and selling of own real estate
68310Real estate agency activities
70200Business and other management consultancy
Contact
Phone
0475422168Lasne
E-invoicing
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Register as of 29 September 2026 · Peppol Directory
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