GILLION DEVELOPMENT
ActiveSummary
GILLION DEVELOPMENT has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€2.3m) and a net result of -€1.5m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 4838 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
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Signals
This company filed its last 6 accounts on average 47 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 600 companies that looked in July 2024 the way this one looks now, 8.5% went bankrupt within 24 months and 83% are still going.
- Small
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 2.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 600 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €3.7m | €147,143 | €1.6m | €515,934 | €262,587 | ▼ 49.1% |
| Non-recurring operating income76A | - | - | - | - | €20,956 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €316,689 | €1.7m | €504,652 | €621,703 | ▲ 23.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €882,936 | €328,677 | ▼ 62.8% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€150,000 | €60,000 | - | - | - |
| Other operating charges640/8 | - | €25,328 | €868 | €4,035 | €398,072 | ▲ 9,765% |
| Gross operating margin9900 | €169,050 | -€169,240 | -€121,143 | €11,282 | €120,533 | ▲ 968% |
| Operating profit (loss)9901 | €167,166 | -€44,568 | -€182,011 | -€875,690 | -€606,217 | ▲ 30.8% |
| Financial income75/76B | - | - | €72,781 | €267,281 | €243,881 | ▼ 8.8% |
| Recurring financial income75 | €6 | - | €72,781 | €267,281 | €243,881 | ▼ 8.8% |
| Financial charges65/66B | - | €17,204 | €174,275 | €491,034 | €1.2m | ▲ 134% |
| Recurring financial charges65 | €44,339 | €17,204 | €174,275 | €240,620 | €111,781 | ▼ 53.5% |
| Non-recurring financial charges66B | - | - | - | €250,414 | €1.0m | ▲ 315% |
| Profit (loss) for the period before taxes9903 | €122,833 | -€61,771 | -€283,506 | -€1.1m | -€1.5m | ▼ 37.6% |
| Income taxes67/77 | €21,871 | - | - | €36,059 | - | - |
| Profit (loss) for the period9904 | €100,962 | -€61,771 | -€283,506 | -€1.1m | -€1.5m | ▼ 33.2% |
| Profit (loss) for the period to be appropriated9905 | €100,962 | -€61,771 | -€283,506 | -€1.1m | -€1.5m | ▼ 33.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.9m | €4.9m | €5.9m | €5.6m | €5.1m | ▼ 8.9% |
| Fixed assets21/28 | €300,414 | €1.5m | €1.5m | €1.3m | €345,729 | ▼ 73.3% |
| Financial fixed assets28 | €300,414 | €1.5m | €1.5m | €1.3m | €345,729 | ▼ 73.3% |
| Current assets29/58 | €2.6m | €3.4m | €4.4m | €4.3m | €4.8m | ▲ 10.4% |
| Stocks and contracts in progress3 | - | €244,132 | - | - | - | - |
| Stocks30/36 | - | €244,132 | - | - | - | - |
| Amounts receivable within one year40/41 | €1.2m | €3.1m | €4.4m | €4.3m | €4.2m | ▼ 1.9% |
| Trade receivables40 | - | €264,161 | €1.2m | €672,969 | €590,300 | ▼ 12.3% |
| Other amounts receivable41 | - | €2.9m | €3.2m | €3.6m | €3.6m | ▲ 0.1% |
| Cash at bank and in hand54/58 | €236,584 | €19,663 | €7,374 | €43,530 | €575,024 | ▲ 1,221% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.9m | €4.9m | €5.9m | €5.6m | €5.1m | ▼ 8.9% |
| Equity10/15 | €714,787 | €653,016 | €369,510 | -€765,991 | -€2.3m | ▼ 198% |
| Contributions10/11 | €600,000 | €600,000 | €600,000 | €600,000 | €600,000 | = |
| Capital10 | - | €600,000 | €600,000 | €600,000 | €600,000 | = |
| Issued capital100 | - | €600,000 | €600,000 | €600,000 | €600,000 | = |
| Reserves13 | €13,950 | €13,950 | €13,950 | €13,950 | €13,950 | = |
| Non-distributable reserves130/1 | - | €13,950 | €13,950 | €13,950 | €13,950 | = |
| Legal reserve130 | - | €13,950 | €13,950 | €13,950 | €13,950 | = |
| Profit (loss) carried forward14 | €100,838 | €39,066 | -€244,440 | -€1.4m | -€2.9m | ▼ 110% |
| Provisions and deferred taxes16 | €150,000 | - | €60,000 | €60,000 | €60,000 | = |
| Deferred taxes168 | - | - | €60,000 | €60,000 | €60,000 | = |
| Amounts payable17/49 | €2.1m | €4.3m | €5.5m | €6.3m | €7.4m | ▲ 16.0% |
| Amounts payable within one year42/48 | €2.1m | €4.3m | €5.5m | €6.3m | €7.4m | ▲ 16.0% |
| Trade debts44 | €1.6m | €904,829 | €1.7m | €863,332 | €449,396 | ▼ 47.9% |
| Suppliers440/4 | - | €904,829 | €1.7m | €863,332 | €449,396 | ▼ 47.9% |
| Taxes, remuneration and social security45 | - | - | - | €176,203 | €42,672 | ▼ 75.8% |
| Taxes450/3 | - | - | - | €176,203 | €42,672 | ▼ 75.8% |
| Other amounts payable47/48 | - | €3.4m | €3.8m | €5.3m | €6.9m | ▲ 29.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €100,962 | -€61,771 | -€283,506 | -€1.1m | -€1.5m | ▼ 33.2% |
| Operating cash flow (approximation) | €100,962 | -€61,771 | -€283,506 | -€1.1m | -€1.5m | ▼ 33.2% |
| Investment in fixed assets (approximation) | - | -€1.2m | €0 | €250,414 | €950,000 | ▲ 279% |
| Change in cash | - | -€216,921 | -€12,289 | €36,156 | €531,494 | ▲ 1,370% |
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
Show earlier events
About the unread acts
We know of 13 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21382C0030/00W000 | Brussels | 3,484 m² | 1 · 2,751 m² | 18.3 m · 3 fl. |
Linked by address, not proof of ownership
Structure & network
Owners and holdings
1 owner · 2 holdingsChain of control
- GILLION CONSTRUCT
- GILLION DEVELOPMENT
Highest known parent: GILLION CONSTRUCT. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 2
-
100%
-
99.94%
According to the 2024 annual accounts of GILLION DEVELOPMENT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
Ownership & control
1 board mandateSimilar companies · same sector, comparable size
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.