GG +
ActiveSummary
GG + has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.43M and a net result of €-170k. Equity is growing by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 42% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability16▼-56
Solvency45▼-41
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity short (current ratio 0.32 against 1.13 in 2024; short-term debt: 31.8% and cash: 0.9% of total assets), and 79.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
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 28-01-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
2 d early
2023
2 d early
2022
1 d early
2021
4 d early
2020
5 d early
2019
4 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.43M▼ 10.6%
2024 · €1.60M
2019: €1.18Mlowest in 7 years
2020: €1.24M▲ +5.0% vs 2019
2021: €1.32M▲ +6.5% vs 2020
2022: €1.37M▲ +4.0% vs 2021
2023: €1.53M▲ +11.2% vs 2022
2024: €1.60M▲ +4.9% vs 2023highest in 7 years
2025: €1.43M▼ -10.6% vs 2024
2019 → 2025
Total assets
€7.07M▲ 168%
2024 · €2.63M
2019: €1.44Mlowest in 7 years
2020: €1.62M▲ +12.4% vs 2019
2021: €2.23M▲ +37.7% vs 2020
2022: €2.23M▲ +0.2% vs 2021
2023: €2.46M▲ +10.3% vs 2022
2024: €2.63M▲ +7.0% vs 2023
2025: €7.07M▲ +168% vs 2024highest in 7 years
2019 → 2025
Net result
€-170k
2024 · €74k
2019: €63k
2020: €59k▼ -4.9% vs 2019
2021: €81k▲ +36.0% vs 2020
2022: €52k▼ -35.3% vs 2021
2023: €154k▲ +195% vs 2022highest in 7 years
2024: €74k▼ -52.0% vs 2023
2025: €-170k▼ -329% vs 2024lowest in 7 years
2019 → 2025
Working capital
€-1.54M
2024 · €78k
2019: €-88k
2020: €-34k▲ +61.3% vs 2019
2021: €-79k▼ -133% vs 2020
2022: €-25k▲ +68.1% vs 2021
2023: €2k▲ +108% vs 2022
2024: €78k▲ +3864% vs 2023highest in 7 years
2025: €-1.54M▼ -2082% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.32M-€1.37M▲ 4.0%€1.53M▲ 11.2%€1.60M▲ 4.9%€1.43M▼ 10.6%
2021: €1.32Mlowest in 5 years
2022: €1.37M▲ +4.0% vs 2021
2023: €1.53M▲ +11.2% vs 2022
2024: €1.60M▲ +4.9% vs 2023highest in 5 years
2025: €1.43M▼ -10.6% vs 2024
Operating result€119k-€95k▼ 20.7%€148k▲ 56.8%€111k▼ 25.3%€-223k
2021: €119k
2022: €95k▼ -20.7% vs 2021
2023: €148k▲ +56.8% vs 2022highest in 5 years
2024: €111k▼ -25.3% vs 2023
2025: €-223k▼ -302% vs 2024lowest in 5 years
Net result€81k-€52k▼ 35.3%€154k▲ 195%€74k▼ 52.0%€-170k
2021: €81k
2022: €52k▼ -35.3% vs 2021
2023: €154k▲ +195% vs 2022highest in 5 years
2024: €74k▼ -52.0% vs 2023
2025: €-170k▼ -329% vs 2024lowest in 5 years
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 turns negative in 2025: a loss of €223k after €111k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.07M
Fixed assets
€6.36M ▲ 223%
Current assets
€710k ▲ 6.7%
Equity and liabilities €7.07M
Equity
€1.43M ▼ 10.6%
Debt
€5.64M ▲ 446%
Debt's share of the balance-sheet total rises from 39.1% to 79.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-199k▼
2024 · €112k
Cash flow
€-145k▼
2024 · €76k
Current ratio
0.32▼
2024 · 1.13
Debt to equity
3.93▲
2024 · 0.64
ROE
-11.8%▼
2024 · 4.6%
ROA
-2.4%▼
2024 · 2.8%
Interest coverage
-13.86▼
2024 · 16.81
Debt ≤ 1 year
€2.25M▲
2024 · €588k
Debt > 1 year
€3.38M▲
2024 · €443k
Income taxes
€26k▼
2024 · €30k
Staff costs
€2k▲
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.63M€7.07M▲
Fixed assets21/28€1.97M€6.36M▲
Tangible fixed assets22/27€599k€4.99M▲
Land and buildings22€599k€4.94M▲
Plant, machinery and equipment23€0€50k▲
Furniture and vehicles24€0€0=
Financial fixed assets28€1.37M€1.37M=
Current assets29/58€666k€710k▲
Amounts receivable within one year40/41€559k€483k▼
Trade receivables40€293k€357k▲
Other amounts receivable41€266k€126k▼
Cash at bank and in hand54/58€8k€67k▲
Deferred charges and accrued income490/1€99k€160k▲
Equity and liabilities
Total equity and liabilities10/49€2.63M€7.07M▲
Equity10/15€1.60M€1.43M▼
Contributions10/11€19k€19k=
Reserves13€528k€622k▲
Non-distributable reserves130/1€403k€403k=
Reserves not available under the articles1311€2k€2k=
Other1319€401k€401k=
Distributable reserves133€125k€219k▲
Profit (loss) carried forward14€1.06M€793k▼
Amounts payable17/49€1.03M€5.64M▲
Amounts payable after more than one year17€443k€3.38M▲
Financial debts170/4€443k€3.38M▲
Amounts payable within one year42/48€588k€2.25M▲
Trade debts44€89k€272k▲
Suppliers440/4€89k€272k▲
Taxes, remuneration and social security45€36k€1k▼
Taxes450/3€36k€1k▼
Other amounts payable47/48€463k€1.97M▲
Accrued charges and deferred income492/3-€9k
Income statement
Code20242025
Remuneration, social security and pensions62€1k€2k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€25k▲
Other operating charges640/8€982€9k▲
Non-recurring operating charges66A-€204k
Gross operating margin9900€115k€16k▼
Operating profit (loss)9901€111k€-223k▼
Financial income75/76B-€94k
Recurring financial income75-€94k
Non-recurring financial income76B-€94k
Financial charges65/66B€7k€14k▲
Recurring financial charges65€7k€14k▲
Profit (loss) for the period before taxes9903€104k€-143k▼
Income taxes67/77€30k€26k▼
Profit (loss) for the period9904€74k€-170k▼
Profit (loss) for the period to be appropriated9905€74k€-170k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.13M€887k▼
Profit (loss) brought forward from the previous period14P€1.06M€1.06M=
Transfer to equity691/2€74k€94k▲
To other reserves6921€74k€94k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €0 | €1k | €2k | ▲ 7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €1k | €1k | €1k | €25k | ▲ 1,648% |
| Other operating charges640/8 | - | €100 | €1k | €982 | €9k | ▲ 801% |
| Non-recurring operating charges66A | - | - | - | - | €204k | - |
| Gross operating margin9900 | €122k | €96k | €151k | €115k | €16k | ▼ 86.2% |
| Operating profit (loss)9901 | €119k | €95k | €148k | €111k | €-223k | ▼ 302% |
| Financial income75/76B | - | - | €80k | - | €94k | - |
| Recurring financial income75 | - | - | €80k | - | €94k | - |
| Non-recurring financial income76B | - | - | €80k | - | €94k | - |
| Financial charges65/66B | - | €20k | €8k | €7k | €14k | ▲ 115% |
| Recurring financial charges65 | €7k | €20k | €8k | €7k | €14k | ▲ 115% |
| Profit (loss) for the period before taxes9903 | €112k | €75k | €220k | €104k | €-143k | ▼ 238% |
| Income taxes67/77 | €31k | €22k | €66k | €30k | €26k | ▼ 11.9% |
| Profit (loss) for the period9904 | €81k | €52k | €154k | €74k | €-170k | ▼ 329% |
| Profit (loss) for the period to be appropriated9905 | €81k | €52k | €154k | €74k | €-170k | ▼ 329% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.23M | €2.23M | €2.46M | €2.63M | €7.07M | ▲ 168% |
| Fixed assets21/28 | €1.95M | €1.95M | €1.97M | €1.97M | €6.36M | ▲ 223% |
| Tangible fixed assets22/27 | €604k | €602k | €601k | €599k | €4.99M | ▲ 732% |
| Land and buildings22 | - | €599k | €599k | €599k | €4.94M | ▲ 724% |
| Plant, machinery and equipment23 | - | - | - | €0 | €50k | - |
| Furniture and vehicles24 | - | €3k | €1k | €0 | €0 | - |
| Financial fixed assets28 | €1.35M | €1.35M | €1.37M | €1.37M | €1.37M | = |
| Current assets29/58 | €274k | €280k | €492k | €666k | €710k | ▲ 6.7% |
| Amounts receivable within one year40/41 | €229k | €245k | €395k | €559k | €483k | ▼ 13.5% |
| Trade receivables40 | - | €104k | €246k | €293k | €357k | ▲ 22.0% |
| Other amounts receivable41 | - | €141k | €149k | €266k | €126k | ▼ 52.6% |
| Cash at bank and in hand54/58 | €13k | €3k | €0 | €8k | €67k | ▲ 750% |
| Deferred charges and accrued income490/1 | - | €32k | €97k | €99k | €160k | ▲ 62.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.23M | €2.23M | €2.46M | €2.63M | €7.07M | ▲ 168% |
| Equity10/15 | €1.32M | €1.37M | €1.53M | €1.60M | €1.43M | ▼ 10.6% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €248k | €300k | €454k | €528k | €622k | ▲ 17.9% |
| Non-distributable reserves130/1 | - | €255k | €329k | €403k | €403k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Other1319 | - | €253k | €327k | €401k | €401k | = |
| Distributable reserves133 | - | €45k | €125k | €125k | €219k | ▲ 75.5% |
| Profit (loss) carried forward14 | €1.06M | €1.06M | €1.06M | €1.06M | €793k | ▼ 25.0% |
| Provisions and deferred taxes16 | €80k | €80k | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | €80k | - | - | - | - |
| Other liabilities and charges164/5 | - | €80k | - | - | - | - |
| Amounts payable17/49 | €825k | €777k | €933k | €1.03M | €5.64M | ▲ 446% |
| Amounts payable after more than one year17 | €472k | €472k | €443k | €443k | €3.38M | ▲ 662% |
| Financial debts170/4 | - | €472k | €443k | €443k | €3.38M | ▲ 662% |
| Amounts payable within one year42/48 | €353k | €305k | €490k | €588k | €2.25M | ▲ 282% |
| Current portion of amounts payable after more than one year42 | - | - | €21k | - | - | - |
| Financial debts43 | - | - | €11k | - | - | - |
| Credit institutions430/8 | - | - | €11k | - | - | - |
| Trade debts44 | €9k | €4k | €107k | €89k | €272k | ▲ 205% |
| Suppliers440/4 | - | €4k | €107k | €89k | €272k | ▲ 205% |
| Taxes, remuneration and social security45 | - | €21k | €64k | €36k | €1k | ▼ 96.2% |
| Taxes450/3 | - | €21k | €62k | €36k | €1k | ▼ 96.2% |
| Remuneration and social security454/9 | - | - | €1k | - | - | - |
| Other amounts payable47/48 | - | €279k | €287k | €463k | €1.97M | ▲ 327% |
| Accrued charges and deferred income492/3 | - | - | - | - | €9k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €81k | €52k | €154k | €74k | €-170k | ▼ 329% |
| + Depreciation and write-downs630 | €1k | €1k | €1k | €1k | €25k | ▲ 1,648% |
| Operating cash flow (approximation) | €82k | €54k | €156k | €76k | €-145k | ▼ 292% |
| Investment in fixed assets (approximation) | - | €0 | €-20k | €0 | €-4.41M | - |
| Change in cash | - | €-10k | €-3k | €8k | €59k | ▲ 650% |
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
Next filing, fiscal year 2026, expected by
2026
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €-170k
Net result drops to €-170k, the lowest in the series.
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2019net €154k ▲195%
Operating result €148k, net result €154k, both a record.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
23-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
21-12
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.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Kampenhout · 1 establishment unit since 2009
Ground area
1,971 m²
Building footprint
436 m²
Volume, LiDAR
1,108 m³
Parcel 23038C0293/00S000, Flanders · tallest building 9.0 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
GG +
since 20092.177.097.890
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23038C0293/00S000 | Flanders | 1,971 m² | 1 · 436 m² | 9.0 m · 1 fl. |
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.
Similar companies · same sector, comparable size
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BE 0435.227.023
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VASTGOED CW RE1
BE 0541.492.701
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IMMO STUCKENS-K
BE 1006.969.371
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 3,447 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 (pre-2019)
Founded16-03-2009
Fiscal year end30-06
Activities, NACEBEL 2025
68121Development of residential building projects
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
68122Development of non-residential building projects
70200Business and other management consultancy
71112Activities of interior architects
Scores and ratios are computed by Checked and are not a credit decision.