Global Development Solutions

Active

Private limited companyfounded 201016 yrs activeKapellestraat 117, 8020 Oostkamp, BelgiumKBO/BCE: BE 0828.719.795

Global Development Solutions has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.63M and a net result of €340k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 77% of 9167 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

Score 2025

81 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability72▼-28

Solvency92▲+7

Growth40=

Track record100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €130k at 30 days acceptable

Liquidity ample (current ratio 3.09 against 2.9 in 2024; short-term debt: 32.3% and cash: 19.6% of total assets), and 33.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk○neutral

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

Sector 68

lower

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

66.9%

Return on assets

14%

Age of the figures

9 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Growing equity

Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year €1.63M

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-05-2026, 88 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

88 d early

2024

70 d early

2023

37 d early

2022

32 d early

2021

16 d early

2020

4 d early

2019

29 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

20-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Turnover

€1.60M▲ 240%

2023 · €470k

2018: €2.72M 2019: €3.84M 2020: €2.71M 2021: €5.90M 2022: €6.15M 2023: €470k

2018 → 2024

EBIT margin

42.7%▲ 109.0pp

2023 · -66.3%

2018: 14.3% 2019: 11.3% 2020: 237.1% 2021: 39.2% 2022: 1.6% 2023: -66.3%

2018 → 2024

Net result

€340k▼ 39.3%

2024 · €560k

2018: €255k 2019: €253k 2020: €4.90M 2021: €1.81M 2022: €68k 2023: €-327k 2024: €560k

2018 → 2025

Working capital

€1.64M▲ 16.9%

2024 · €1.41M

2018: €-304k 2019: €-7.80M 2020: €1.24M 2021: €3.14M 2022: €1.78M 2023: €1.17M 2024: €1.41M

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€5.90M-€6.15M▲ 4.2%€470k▼ 92.4%€1.60M▲ 240%

Equity€2.99M-€1.05M▼ 64.7%€727k▼ 31.1%€1.29M▲ 77.0%€1.63M▲ 26.4%

Operating result€2.31M-€100k▼ 95.7%€-312k€683k€474k▼ 30.6%

Net result€1.81M-€68k▼ 96.3%€-327k€560k€340k▼ 39.3%

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 31% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Equity and liabilities €2.43M

66.9%

33.1%

Equity €1.63M▲ 26.4%

Debt €804k▼ 6.4%

The debt ratio falls from 40.0% to 33.1%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

Solvency

66.9%▲

2024 · 60.0%

Current ratio

3.09▲

2024 · 2.90

Quick ratio

1.35▲

2024 · 1.04

Debt / equity

0.49▼

2024 · 0.67

ROE

20.9%▼

2024 · 43.5%

ROA

14.0%▼

2024 · 26.1%

Debt

€804k▼

2024 · €859k

Debt ≤ 1 year

€786k▲

2024 · €739k

Debt > 1 year

€0▼

2024 · €106k

Income taxes

€113k▲

2024 · €88k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€2.15M€2.43M▲

Current assets29/58€2.15M€2.43M▲

Stocks and contracts in progress3€1.37M€1.37M=

Stocks30/36€1.37M€1.37M=

Property held for sale35€1.37M-

Amounts receivable within one year40/41€544k€517k▼

Trade receivables40€14k€1k▼

Other amounts receivable41€530k€515k▼

Cash at bank and in hand54/58€164k€476k▲

Deferred charges and accrued income490/1€65k€65k▼

Equity and liabilities

Total equity and liabilities10/49€2.15M€2.43M▲

Equity10/15€1.29M€1.63M▲

Contributions10/11€369k€369k=

Reserves13€918k€1.26M▲

Non-distributable reserves130/1€0-

Reserves not available under the articles1311€0-

Distributable reserves133€918k€1.26M▲

Profit (loss) carried forward14€0-

Amounts payable17/49€859k€804k▼

Amounts payable after more than one year17€106k€0▼

Financial debts170/4€106k€0▼

Credit institutions173€106k-

Amounts payable within one year42/48€739k€786k▲

Trade debts44€419k€466k▲

Suppliers440/4€419k€466k▲

Taxes, remuneration and social security45€0-

Taxes450/3€0-

Other amounts payable47/48€320k€320k=

Accrued charges and deferred income492/3€14k€18k▲

Income statement Code20242025

Operating income70/76A€1.75M-

Turnover70€1.60M-

Other operating income74€156k-

Operating charges60/66A€1.07M-

Goods for resale, raw materials and consumables60€888k-

Purchases600/8€1.46M-

Change in stocks: decrease (increase)609€-577k-

Services and other goods61€179k-

Other operating charges640/8€4k€3k▼

Gross operating margin9900-€477k

Operating profit (loss)9901€683k€474k▼

Financial income75/76B€3k€912▼

Recurring financial income75€3k€912▼

Income from current assets751€991-

Other financial income752/9€2k-

Non-recurring financial income76B€0-

Financial charges65/66B€38k€22k▼

Recurring financial charges65€38k€22k▼

Debt charges650€35k-

Other financial charges652/9€2k-

Non-recurring financial charges66B€0-

Profit (loss) for the period before taxes9903€648k€453k▼

Income taxes67/77€88k€113k▲

Taxes670/3€88k-

Tax adjustments and reversals of tax provisions77€12-

Profit (loss) for the period9904€560k€340k▼

Profit (loss) for the period to be appropriated9905€560k€340k▼

Appropriation of the result

Profit (loss) to be appropriated9906€881k€340k▼

Profit (loss) brought forward from the previous period14P€321k€0▼

Transfer to equity691/2€881k€340k▼

To other reserves6921€881k€340k▼

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 16Financial 6Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

04-05

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

22-05

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Back to profitnet €560k

Net result €560k after one loss-making year.

31-12

Financial Equity above €1MEq €1.29M ▲77%

Equity rises from €727k to €1.29M.

24-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Weakest financial yearnet €-327k ▼582%

Net result drops to €-327k, the lowest in the series; recovery starts the following year.

29-06

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

15-07

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

31-12

Financial Equity above €2MEq €2.99M ▲154%

4 profitable years in a row build equity to €2.99M.

27-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

31-12

Financial Highest result since 2018net €4.90M ▲1834%

Operating result €6.42M, net result €4.90M, both a record.

31-12

Financial Liquidity times 6current ratio 1.16

Current ratio from 0.21 to 1.16; short-term debt falls from €9.85M to €7.89M.

02-07

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

10-07

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

24-07

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

18-07

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.

Directors · office · real estate

Directors

10 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, Oostkamp · 1 establishment unit since 2010

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Kapellestraat 1178020 Oostkamp

Ground area

10.4 ha

Building footprint

312 m²

Volume, LiDAR

2,521 m³