Losses
-€7,825 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
GL-Projects
Overview
Lifetime
16 annual accounts with figures on one time axispeak €151,785 (2021)
€48,422▼ 28.0%
lowest -€33,846 (2013)
-€3,416▲ €993
peak €245,069 (2023)
€237,244▼ 1.4%
€346,741▼ 63.1%
Board2 names since 2013
1 directorVan Ballaert Gert
Documentsfilings and deeds
27-05-202665 days before the deadline
2025micro format
Gross margin from €67,232 to €48,422Loss of €3,416Debts from €938,548 to €346,741
Key points
from the 2025 annual accountsLiquidity
1.14 was 0.39 in 2024
Short-term debts fell from €805,668 to €235,348.
Restructuring
2026
Branch transferred to G&E Construct. Contribution on 11-06-2026.
Checked score
92
Excellent
Financially stronger than 38% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 0.5%▲ +0.2 percentage points vs 07-2025highest value
09-2025: 0.1%▼ -0.4 percentage points vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026lowest value
07-2026: 0.1%● unchanged vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 1.14, cash €6,911
lowers risk
Size: total assets €585,967
Figures for financial year 2025 (filed on 27-05-2026)
Founded in 2010
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 57% of them on solvency, 25% on liquidity, 31% on profitability and 40% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,686 companies had the same profile as GL-Projects has now. Each dot stands for 7 companies, two years later.
93.7%
were still trading
5.4%
stopped another way
0.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GL-Projects itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,686 companies, not a prediction for GL-Projects. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €21,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.14 (0.39 in 2024), below the usual 1.5. Short-term debt is 40.2% and cash 1.2% of total assets. 59.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-05-2026, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
65 days early
2024
27 days late
2023
14 days late
2022
27 days late
2021
58 days late
2020
88 days late
2019
61 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 30 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 August (4 of the last 5 accounts filed within 31 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
VB
Van Ballaert Gert
Director, since 01-07-2013
Shares in 1 company, G.J. Invest
Board & ownershipRecent changes
Demerger: GL-PROJECTS splits off to G&E CONSTRUCT
General meeting of 22-05-2026 · Gazette deed
Demerger proposal: GL-Projects splits off to G&E Construct
Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0823806350
Change of role: Van Ballaer Gert, from manager to director
“Projectontwikkeling; Bouw- en verkavelingsprojecten realiseren; De aankoop,de verkoop,de ruiling,de…” (deed in Dutch) · Director discharge: Van Ballaer Gert (manager) · General meeting of 08-11-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GL-Projects Kasterlee | €585,967 | €48,422 | 40.5% | - |
| BOVO INVEST Vosselaar | €544,789 | €48,086 | 40.0% | - |
| Laureis Invest Sint-Katelijne-Waver | €470,762 | €66,098 | 17.4% | - |
| DEN BIEZERD VASTGOED Kapellen | €560,105 | €31,441 | 54.6% | - |
| Gelieren Woonprojecten Genk | €600,221 | €37,648 | 49.0% | - |
| MEYCASOL Blankenberge | €691,000 | €56,607 | 11.9% | - |
| Comfort Building Maaseik | €497,368 | €40,817 | 31.0% | - |
These companies have the same main activity as GL-Projects: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €471,000 and €691,000, founded between 2008 and 2012.
Official details
Source: KBO- Status
- Active since 08-03-2010Normal situation
- Activity
- Development of residential building projectsNACE 68121and 2 others
- Establishment unit
- 2.186.663.8722460 Kasterlee, since 10-03-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 14-01-2026
Annual accounts 2025
- €48,422▼ 28.0%
- ≈ €130,000estimated
- €3,416▼ 22.5%
- €237,244▼ 1.4%
- €585,967▼ 50.5%
- Filing
- Filed on 27-05-2026, 65 days before the end of the filing period
Insights on GL-Projects
GL-Projects files the micro format. That format states no turnover. The gross margin rose from -€8,793 in 2010 to €48,422 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 27-05-2026, 65 days before the deadline€48,422
▼ 28.0%
€17,509
▲ 55.1%
-€3,416
▲ €993
€33,745
▲ €524,477
40.5%
▲ 20.2 percentage points
1.14
▲ 0.75
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €130,000. Estimated: probably between €73,000 and €270,000.
Balance sheet
balance sheet total €585,967 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
40.5%
Higher than 59% of 17,185 companies in 2025.
1.14
Higher than 50% of 16,482 companies in 2025.
-0.6%
Higher than 33% of 16,861 companies in 2025.
GL-Projects
Middle half of the sector
80% of the sector
Micro accounts in real estate (NACE 68)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||
20/58 |
585,967 | 1.2m | 1.3m | 1.3m | 1.3m | 1.6m | 1.5m | 1.2m | 1.2m | 976,298 | 672,009 | 456,946 | 813,183 | 536,989 | 431,109 | 120,905 | |
21/28 |
316,874 | 869,919 | 923,327 | 1.3m | 1.3m | 778,313 | 851,945 | 781,550 | 372,530 | 323,525 | 137,147 | 122,489 | 81,769 | 131,962 | 30,871 | - | |
22/27 |
282,324 | 835,369 | 888,777 | 1.2m | 1.3m | 743,763 | 817,395 | 747,000 | 337,980 | 288,975 | 105,897 | 91,239 | 50,519 | 100,712 | 29,371 | - | |
22 |
259,140 | 794,376 | 822,819 | 1.1m | 1.2m | 621,708 | 642,394 | 625,559 | - | - | 12,000 | 12,000 | - | 71,339 | - | - | |
23 |
662 | 1,415 | 2,169 | 1,750 | 2,700 | 1,224 | 12,940 | 24,006 | 37,087 | 51,116 | 14,421 | 41,043 | 50,265 | 28,993 | 28,864 | - | |
24 |
22,522 | 39,577 | 63,788 | 88,256 | 79,600 | 120,830 | 162,061 | 97,435 | 100,785 | 62,859 | 79,476 | 38,196 | 254 | 380 | 507 | - | |
27 |
- | - | - | - | - | - | - | - | 200,107 | 175,000 | - | - | - | - | - | - | |
28 |
34,550 | 34,550 | 34,550 | 34,550 | 34,550 | 34,550 | 34,550 | 34,550 | 34,550 | 34,550 | 31,250 | 31,250 | 31,250 | 31,250 | 1,500 | - | |
29/58 |
269,093 | 314,936 | 390,250 | 76,123 | 32,053 | 776,507 | 642,666 | 398,049 | 787,155 | 652,773 | 534,862 | 334,457 | 731,415 | 405,027 | 400,238 | 120,905 | |
3 |
- | - | - | - | - | 729,193 | 496,000 | 150,000 | 525,000 | 640,000 | 490,000 | 290,000 | 372,067 | 155,700 | 586 | - | |
30/36 |
- | - | - | - | - | 20,000 | 20,000 | - | 175,000 | 190,000 | 190,000 | 210,000 | 347,067 | 155,700 | 586 | - | |
37 |
- | - | - | - | - | 709,193 | 476,000 | 150,000 | 350,000 | 450,000 | 300,000 | 80,000 | 25,000 | - | - | - | |
40/41 |
255,888 | 295,401 | 278,793 | 4,448 | 6,256 | 34,707 | 27,417 | 16,393 | 252,568 | 5,268 | 217 | 7,363 | 239,566 | 246,515 | 222,643 | 111,557 | |
40 |
255,733 | 295,401 | 278,793 | 4,448 | 4,671 | 19,506 | 26,563 | 2,406 | 250,162 | 4,526 | - | 7,344 | 202,884 | 207,317 | 222,640 | - | |
41 |
156 | - | - | - | 1,585 | 15,200 | 854 | 13,988 | 2,406 | 742 | 217 | 19 | 36,682 | 39,198 | 3 | 111,557 | |
54/58 |
6,911 | 6,797 | 45,041 | 5,572 | 10,208 | 8,070 | 17,679 | 9,428 | 9,587 | 7,506 | 24,645 | 17,094 | 119,208 | 2,362 | 177,009 | 9,349 | |
490/1 |
6,294 | 12,738 | 66,416 | 66,103 | 15,589 | 4,537 | 101,570 | 222,227 | - | - | 20,000 | 20,000 | 575 | 450 | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||
10/49 |
585,967 | 1.2m | 1.3m | 1.3m | 1.3m | 1.6m | 1.5m | 1.2m | 1.2m | 976,298 | 672,009 | 456,946 | 813,183 | 536,989 | 431,109 | 120,905 | |
10/15 |
237,244 | 240,659 | 245,069 | 244,642 | 194,483 | 157,941 | 148,530 | 139,654 | 111,928 | 107,402 | 105,640 | 88,020 | 93,485 | 84,036 | 110,502 | 119,818 | |
10/11 |
125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | |
100 |
- | - | - | - | - | - | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | 125,000 | |
13 |
112,244 | 115,659 | 120,069 | 119,642 | 69,483 | 32,941 | 23,530 | 14,654 | 35,781 | 35,781 | 35,781 | 35,781 | 43,295 | - | - | - | |
132 |
18,111 | 25,230 | 30,301 | 35,372 | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
94,133 | 90,429 | 89,767 | 84,269 | 69,483 | 32,941 | 23,530 | 14,654 | 35,781 | 35,781 | 35,781 | 35,781 | 43,295 | - | - | - | |
14 |
- | - | - | - | - | - | - | - | -48,853 | -53,379 | -55,141 | -72,761 | -74,810 | -40,964 | -14,498 | -5,182 | |
16 |
1,982 | 5,647 | 8,259 | 10,870 | - | - | - | - | - | - | - | - | - | - | - | - | |
168 |
1,982 | 5,647 | 8,259 | 10,870 | - | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
346,741 | 938,548 | 1.1m | 1.1m | 1.1m | 1.4m | 1.3m | 1.0m | 1.0m | 868,897 | 566,369 | 368,925 | 719,699 | 452,953 | 320,606 | 1,088 | |
17 |
111,393 | 130,179 | 149,176 | 177,165 | 207,865 | 244,135 | 93,871 | 74,613 | 332,054 | 634,356 | 255,212 | 225,840 | 362,583 | 104,715 | 15,847 | - | |
170/4 |
111,393 | 130,179 | 149,176 | 177,165 | 207,865 | 244,135 | 93,871 | 74,613 | 332,054 | 634,356 | 255,212 | 225,840 | 362,583 | 104,715 | 15,847 | - | |
42/48 |
235,348 | 805,668 | 911,059 | 909,359 | 926,758 | 1.2m | 1.3m | 965,332 | 715,703 | 234,541 | 311,158 | 143,086 | 357,115 | 348,238 | 304,092 | 1,088 | |
42 |
18,766 | 18,997 | 27,989 | 30,700 | 36,271 | 49,714 | 127,449 | 216,311 | 229,126 | 26,963 | 139,052 | 23,223 | 15,570 | 229,271 | 155,452 | - | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | 225,000 | 80,000 | - | - | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | - | 225,000 | 80,000 | - | - | |
44 |
1,711 | 773 | 8,521 | 12,152 | 46,228 | 174,428 | 196,311 | 124,897 | 14,021 | 24,107 | 12,228 | 58,935 | 70,068 | 24,114 | 40,221 | 304 | |
440/4 |
1,711 | 773 | 8,521 | 12,152 | 46,228 | 174,428 | 196,311 | 124,897 | 14,021 | 24,107 | 12,228 | 58,935 | 70,068 | 24,114 | 40,221 | 304 | |
46 |
- | - | - | - | - | - | - | - | 272,250 | - | - | - | - | - | - | - | |
45 |
8,962 | 57,499 | 28,807 | 24,910 | 16,574 | 49,748 | 53,620 | 1,938 | 394 | 5,159 | 29,316 | 26,418 | 45,694 | 660 | 63,475 | - | |
450/3 |
8,962 | 57,499 | 28,807 | 24,910 | 16,574 | 49,748 | 53,620 | 1,938 | 394 | 5,159 | 29,316 | 26,418 | 45,694 | 660 | 63,475 | - | |
47/48 |
205,909 | 728,399 | 845,742 | 841,597 | 827,685 | 878,854 | 874,828 | 622,185 | 199,913 | 178,312 | 130,562 | 34,509 | 783 | 14,193 | 44,944 | 783 | |
492/3 |
- | 2,701 | 15 | 74 | 13 | - | - | - | - | - | - | - | - | - | 667 | - | |
| Income statement | |||||||||||||||||
76A |
- | - | - | - | - | - | - | - | 3,143 | - | 16,408 | 20,000 | 14,267 | - | - | - | |
9900 |
48,422 | 67,232 | 81,906 | 57,013 | 151,785 | 97,326 | 86,523 | 114,708 | 72,209 | 59,731 | 58,485 | 88,799 | -4,054 | 31,725 | 3,753 | -8,793 | |
630 |
28,151 | 53,725 | 53,620 | 58,833 | 81,180 | 73,632 | 66,140 | 65,541 | 41,324 | 37,205 | 38,047 | 42,107 | 31,481 | 28,763 | 10,967 | - | |
631/4 |
- | - | - | 5,932 | 4,637 | - | - | - | - | - | - | - | -19,500 | 19,500 | - | - | |
640/8 |
2,761 | 2,216 | 6,494 | 5,959 | 1,632 | 1,758 | 3,678 | 5,247 | 5,635 | 1,163 | 1,061 | 2,022 | 1,649 | 803 | 627 | 423 | |
66A |
- | - | 169 | - | - | - | - | - | 1,080 | 2,000 | - | 32,185 | - | 200 | - | - | |
9901 |
17,509 | 11,292 | 21,624 | -13,712 | 64,336 | 21,935 | 16,706 | 43,920 | 24,170 | 19,363 | 19,377 | 44,670 | -17,683 | -17,341 | -7,841 | -9,215 | |
75/76B |
12 | 42 | 90 | 116,771 | 31 | 167 | 1,649 | 1,177 | - | 12 | 2,603 | 399 | 146 | 196 | 495 | 4,048 | |
75 |
12 | 42 | 90 | - | 31 | 167 | 1,649 | 1,177 | - | 12 | 2,603 | 399 | 146 | 196 | 495 | 4,048 | |
76B |
- | - | - | 116,771 | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
21,572 | 17,926 | 21,611 | 32,363 | 15,176 | 12,343 | 9,054 | 17,049 | 19,250 | 17,618 | 20,846 | 30,511 | 30,577 | 9,122 | 1,969 | 14 | |
65 |
21,572 | 17,926 | 21,611 | 18,967 | 15,176 | 12,343 | 9,054 | 17,049 | 19,250 | 17,618 | 20,846 | 30,511 | 30,577 | 9,122 | 1,969 | 14 | |
66B |
- | - | - | 13,397 | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
-4,052 | -6,592 | 102 | 70,695 | 49,191 | 9,759 | 9,300 | 28,047 | 4,920 | 1,756 | 17,541 | 2,372 | -33,846 | -26,467 | -9,315 | -5,182 | |
780 |
3,666 | 2,611 | 2,611 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
67/77 |
3,030 | 429 | 2,287 | 9,667 | 12,649 | 349 | 424 | 321 | 394 | -6 | -78 | 323 | - | - | 0 | - | |
9904 |
-3,416 | -4,409 | 427 | 61,029 | 36,542 | 9,411 | 8,877 | 27,726 | 4,526 | 1,762 | 17,619 | 2,050 | -33,846 | -26,467 | -9,315 | -5,182 | |
789 |
7,119 | 5,071 | 5,071 | 7,682 | - | - | - | - | - | - | - | - | - | - | - | - | |
689 |
- | - | - | 53,925 | - | - | - | - | - | - | - | - | - | - | - | - | |
9905 |
3,703 | 662 | 5,498 | 14,786 | 36,542 | 9,411 | 8,877 | 27,726 | 4,526 | 1,762 | 17,619 | 2,050 | -33,846 | -26,467 | -9,315 | -5,182 | |
| Appropriation of the result | |||||||||||||||||
9906 |
3,703 | 662 | 5,498 | 14,786 | 36,542 | 9,411 | 8,877 | -21,127 | -48,853 | -53,379 | -55,141 | -72,761 | -74,810 | -40,964 | -14,498 | -5,182 | |
791/2 |
- | - | - | - | - | - | - | 21,127 | - | - | - | - | - | - | - | - | |
691/2 |
3,703 | 662 | 5,498 | 14,786 | 36,542 | 9,411 | 8,877 | - | - | - | - | - | - | - | - | - | |
6921 |
3,703 | 662 | 5,498 | 14,786 | 36,542 | 9,411 | 8,877 | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 27-05-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-05-2026 | 2026-00121749 | |
| 31-12-2024 | micro format | 27-08-2025 | 2025-00411036 | |
| 31-12-2023 | micro format | 14-08-2024 | 2024-00343831 | |
| 31-12-2022 | micro format | 27-08-2023 | 2023-00356993 | |
| 31-12-2021 | micro format | 27-09-2022 | 2022-20445617 | |
| 31-12-2020 | micro format | 27-10-2021 | 2021-73500533 | |
| 31-12-2019 | micro format | 30-09-2020 | 2020-56200560 | |
| 31-12-2018 | micro format | 13-09-2019 | 2019-64200570 | |
| 31-12-2017 | micro format | 21-09-2018 | 2018-63600545 | |
| 31-12-2016 | abbreviated format | 15-06-2017 | 2017-19500173 | |
| 31-12-2015 | abbreviated format | 15-06-2016 | 2016-18000432 | |
| 31-12-2014 | abbreviated format | 04-08-2015 | 2015-39500534 | |
| 31-12-2013 | abbreviated format | 04-08-2014 | 2014-38400533 | |
| 31-12-2012 | abbreviated format | 25-07-2013 | 2013-34100472 | |
| 31-12-2011 | abbreviated format | 31-07-2012 | 2012-35600601 | |
| 31-12-2010 | abbreviated format | 18-07-2011 | 2011-29900599 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 45,661 | 65,017 | 75,244 | 45,121 | 145,516 | 95,567 | 82,846 | 109,461 | 65,494 | 56,568 | 57,424 | 86,777 | 13,798 | 11,422 | 3,126 | - | ||
| 24,735 | 49,315 | 54,047 | 119,862 | 117,721 | 83,043 | 75,017 | 93,267 | 45,850 | 38,967 | 55,666 | 44,156 | -2,365 | 2,296 | 1,652 | - | ||
| -524,894 | 317 | 1,129 | 84,878 | 599,933 | 0 | 136,535 | 474,561 | 133,187 | 235,583 | 61,297 | 136,420 | 52,626 | 129,854 | 41,838 | - | ||
| 114 | -38,245 | 39,470 | -4,637 | 2,138 | -9,609 | 8,251 | -159 | 2,082 | -17,139 | 7,551 | -102,114 | 116,846 | -174,647 | 167,660 | - | ||
| 33,745 | -490,732 | -520,808 | -833,236 | -894,705 | -376,237 | -609,543 | -567,283 | 71,452 | 418,233 | 223,704 | 191,371 | 374,300 | 56,789 | 96,145 | 119,818 | ||
| 40.5% | 20.3% | 18.7% | 18.2% | 14.6% | 10.2% | 9.9% | 11.8% | 9.7% | 11.0% | 15.7% | 19.3% | 11.5% | 15.6% | 25.6% | 99.1% | ||
| 1.14 | 0.39 | 0.43 | 0.08 | 0.03 | 0.67 | 0.51 | 0.41 | 1.10 | 2.78 | 1.72 | 2.34 | 2.05 | 1.16 | 1.32 | - | ||
| 1.14 | 0.39 | 0.43 | 0.08 | 0.03 | 0.04 | 0.12 | 0.26 | 0.37 | 0.05 | 0.14 | 0.31 | 1.01 | 0.72 | 1.31 | - | ||
| 1.46 | 3.90 | 4.33 | 4.44 | 5.83 | 8.84 | 9.06 | 7.45 | 9.36 | 8.09 | 5.36 | 4.19 | 7.70 | 5.39 | 2.90 | 0.01 | ||
| -1.4% | -1.8% | 0.2% | 24.9% | 18.8% | 6.0% | 6.0% | 19.9% | 4.0% | 1.6% | 16.7% | 2.3% | -36.2% | -31.5% | -8.4% | -4.3% | ||
| -0.6% | -0.4% | 0.0% | 4.5% | 2.7% | 0.6% | 0.6% | 2.4% | 0.4% | 0.2% | 2.6% | 0.4% | -4.2% | -4.9% | -2.2% | -4.3% | ||
| 2.12 | 3.63 | 3.48 | 2.38 | 9.59 | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €317 | €1,129 | €84,878 | €599,933 |
| €28,151 | €53,725 | €53,620 | €58,833 | €81,180 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on GL-Projects
The operating result for 2025 is 55% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 79.2% to 59.2%. Equity and debt are lower.
Board & ownership
Board
1 director, last change in 2023Mandates through the years
2 names, the dashed line is todayVan Ballaert Gert
Director
Director
Van Ballaer Gert
Director
Director
BoardEarlierend not dated
Mandates as a list
- Van Ballaert Gert
- Director, from 01-07-2013 to date
- Van Ballaer Gert
- Director, appointed by deed of 16-11-2023, no longer listed in the 2025 annual accounts
Control
Capital
- Contribution
- €125,000
- Source
- 2025 annual accounts
Articles of association
deed of 16-11-2023 (in Dutch)- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 15 June at 18:00
Network & group
Holdings
own 2025 accountsThis companyGL-Projects1 holding, 1 country
2025 accounts
Belgium 1 Equity Result
- BE GJ Invest €389,943 result €104,706
Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.
At the same address
Prijstraat 32, 2460 Kasterlee · 3 other companies| G.J. Invest
registered office since 19-06-2009 · founded in 2009 |
total assets €1.3m (2025) 0812.692.229 |
| VBM Construct
registered office since 29-07-2025 · founded in 2025 |
total assets €117,942 (2025) 1025.988.794 |
| G&E CONSTRUCT
registered office since 05-01-2026 |
founded in 2026 1032.523.329 |
Holdings and subsidiaries
1 holdingHoldings 1
Share, source and own figures per holding (1)
- G.J. InvestsubsidiaryEquity €389,943 Profit of €104,706 in 2025 (profit of €85,687 in 2024) Checked score 84Sourceown accounts 2025100%
Holdings through the years 2013 to 2025
| Name | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| G.J. Invest | 50% | 100% | |||||||||||
Source: list of holdings in its own accounts
Acquisitions and mergers
1 transactionSplit off to:G&E Construct
Connections & network
1 current directorThe network starts from the directors of GL-Projects. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Timeline
28 events since 2010Board
Capital
Filings
Financial
Establishments
201020122014201620182020202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
- General meeting, 22-05-2026
- Accounting effect, 31-12-2025
- The deed holds 10 more points.
Annual accounts 2025 filed PDFmicro format · 65 days before the deadline
Demerger proposal: GL-Projects splits off to G&E Construct3 points ▸
- Accounting effect, 01-01-2026
- Power of attorney, Nextgen Finance BV, mentioned twice in the deed
- Power of attorney, Wim Boeckmans, mentioned twice in the deed
- The deed holds 7 more points.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0823806350
2025
Liquidity more than doubled current ratio 1.14 The current ratio rises from 0.39 to 1.14. Short-term debt falls from €805,668 to €235,348.
Annual accounts 2024 filed PDFmicro format · 27 days late
2024
Annual accounts 2023 filed PDFmicro format · 14 days late
2023
Change of role: Van Ballaer Gert, from manager to director“Projectontwikkeling; Bouw- en verkavelingsprojecten realiseren; De aankoop,de verkoop,de ruiling,de…” (deed in Dutch) · Director discharge: Van Ballaer Gert (manager) · General meeting of 08-11-20235 points ▸
- General meeting, 08-11-2023
- Director resignation, Van Ballaer Gert (manager)
- Director appointment, Van Ballaer Gert
- Director discharge, Van Ballaer Gert (manager)
- Registered office clause, Prijstraat 32, 2460 Kasterlee
- The deed holds 4 more points.
Annual accounts 2022 filed PDFmicro format · 27 days late
2022
Highest result from 2010 to 2025 net €61,029 ▲67% The net result of €61,029 is the highest of those years.
Equity above €200,000 equity €244,642 ▲25.8% After 9 profitable years in a row, equity reaches €244,642.
Annual accounts 2021 filed PDFmicro format · 58 days late
2021
Annual accounts 2020 filed PDFmicro format · 88 days late
2020
Equity above €150,000 equity €157,941 ▲6.3% After 7 profitable years in a row, equity reaches €157,941.
Annual accounts 2019 filed PDFmicro format · 61 days late
2019
Annual accounts 2018 filed PDFmicro format · 44 days late
2018
Annual accounts 2017 filed PDFmicro format · 52 days late
2017
Annual accounts 2016 filed PDFabbreviated format · 46 days before the deadline
2016
Annual accounts 2015 filed PDFabbreviated format · 46 days before the deadline
2015
Annual accounts 2014 filed PDFabbreviated format · 4 days late
2014
Back to profit net €2,050 The net result is €2,050, after 4 loss-making years.
Annual accounts 2013 filed PDFabbreviated format · 4 days late
2013
Weakest financial year net -€33,846 The net result drops to -€33,846, the lowest from 2010 to 2025. It recovers the following year.
Annual accounts 2012 filed PDFabbreviated format · 6 days before the deadline
2012
Annual accounts 2011 filed PDFabbreviated format · on the deadline day
2011
Annual accounts 2010 filed PDFabbreviated format · 13 days before the deadline
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0823.806.350
- VAT number
- BE 0823.806.350
- Peppol ID
- 0208:0823806350
- Other Peppol ID
- 9925:BE0823806350
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 08-03-2010
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 15 June at 18:00deed of 16-11-2023 (in Dutch)
- Peppol
- Reachable since 14-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- GL-Projects in Dutch
- Entity type
- Legal entity
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Prijstraat 32, 2460 Kasterlee”deed of 16-11-2023 (in Dutch)
Activities
NACEBEL 202568121
Development of residential building projects main activity
Codes under NACEBEL 2008
41101
Real estate development main activity
41102
Construction of residential and non-residential buildings
49410
Road freight transport
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Projectontwikkeling; Bouw- en verkavelingsprojecten realiseren; De aankoop, de verkoop, de ruiling, de commissie, de makelarij, het in huur…”deed of 20-03-2026 (in Dutch)
20 activities
- Projectontwikkeling
- Bouw- en verkavelingsprojecten realiseren
- De aankoop, de verkoop, de ruiling, de commissie, de makelarij, het in huur of in erfpacht nemen, de verhuring, het bouwen, de uitbating, het valoriseren, de verdeling, het beheer van alle onroerende goederen van welke aard ook, onroerende leasing, zowel in binnen- als in buitenland, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan
- Het doen verrichten van alle bouw- en verbouwingswerkzaamheden door onderaannemers en het coördineren hiervan
- Het makelen en bemiddelen inzake factoring- en leasingverrichtingen, zowel operationele als financiële leasing
- De uitvoering van alle infrastructuur- en uitrustingswerken van gronden met het oog op hun verkaveling en hun valorisatie
- De uitvoering van alle renovatiewerken en alle verbouwingswerken aan gebouwen, evenals het onderhoud van gebouwen
- Het doen opbrengen van onroerende goederen, inzonderheid door het oprichten van appartements- of andere gebouwen, met hun binnenhuisinrichting en voltooiing en vervolgens met hun beheer en uitbating
- Het verlenen van adviezen en diensten voor het ontwikkelen van veiligheids- en kwaliteitssystemen in een onderneming, alsook het optreden als freelance preventieadviseur
- Het uitvoeren van tekenwerk en de dienstverlening hieromtrent
- De aankoop, de verkoop, de ruiling, de commissie, de makelarij, het in huur of in erfpacht nemen, de verhuring, het beheer van alle roerende goederen van welke aard ook, roerende leasing, zowel in binnen- als in buitenland, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan
- Het verlenen van bijstand, advies, management en andere diensten aan bedrijven, privé personen en instellingen. De vennootschap kan zelf of als tussenpersoon alle hulpmiddelen verschaffen, bestuurdersfuncties waarnemen en diensten verlenen die direct of indirect verband houden met het voorgaande. De diensten kunnen worden geleverd krachtens contractuele of statutaire benoeming en in de hoedanigheid van externe raadgever of orgaan van de cliënt
- Beleggingen en beheer van vermogens, gaande van onroerende goederen en rechten tot roerende goederen en kapitalen, dit alles hetzij voor eigen rekening, hetzij voor rekening van derden of in deelname met derden; deze aanduiding en opsomming zijn niet beperkend doch enkel van aanwijzende aard en te begrijpen in de ruimste zin. De verrichtingen die door de wet van zes april negentienhonderd vijfennegentig zijn voorbehouden aan de beleggingsondernemingen, de bemiddelaars en de beleggingsadviseurs zijn de vennootschap verboden
- De vennootschap mag zowel in België als in het buitenland alle industriële, handels-, roerende, onroerende- en financiële verrichtingen uitvoeren die rechtstreeks of onrechtstreeks dienstig zijn om haar activiteiten uit te breiden
- Deze opsomming is niet beperkend
- Zij mag haar voorwerp zowel rechtstreeks als door bemiddeling van derden verwezenlijken
- De vennootschap kan door middel van inbreng, inschrijving, fusie of op gelijk welke andere manier belangen verwerven in elke onderneming, vereniging, bestaande of op te richten vennootschap, waarvan het voorwerp gelijkaardig, analoog, aansluitend of gewoon nuttig is tot de verwezenlijking van het geheel of een deel van haar maatschappelijk voorwerp
- De vennootschap mag de functies van bestuurder of vereffenaar waarnemen in alle rechtspersonen
- Zij mag alle roerende en onroerende goederen als investeringen verwerven, zelfs als deze noch rechtstreeks noch onrechtstreeks verband houden met het voorwerp van de vennootschap
- De vennootschap mag zekerheden stellen voor alle rechtspersonen waarbij zij rechtstreeks of onrechtstreeks belangen heeft
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Prijstraat 32 registered office 2460 Kasterlee 49410 Freight transport by road | 10-03-2010 | 2.186.663.872 |
Buildings and parcels at the address
- Ground area
- 2,020 m²
- Buildings
- 113 m²
- Volume, LiDAR
- 269 m³
- Tallest building
- 7.0 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 13038C0059/00R003 | 2,020 m² | 1 · 113 m² | 7.0 m · 1 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0823.806.350