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Global Development Solutions

Active
Private limited companyfounded 2010active for 16 yearsKapellestraat 117, 8020 Oostkamp, BelgiumKBO/BCE: BE 0828.719.795
Summary

Global Development Solutions has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of €339,759. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 77% of 11,268 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Overview

Official details

Source: KBO
Status
Active since 25-08-2010 Normal situation
Registered office
52 active companies are registered at this address 3 started in the 12 months before. Source: KBO register, as of 5 November 2026.
Activity
Development of non-residential building projects NACE 68122and 4 others
Establishment unit
2.191.177.540 8020 Oostkamp, since 08-09-2010
Financial year end
31 December
Peppol
Reachable since 18-03-2026

Board and ownership

Board
  • GLOBALINDUSDirector · permanent representative WILMS Stany
Shareholders

Financial position

98 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts 2025
Gross margin
€476,772
Turnover
≈ €850,000
estimated
Profit
€339,759
▼ 39.3%
Equity
€1.6m
▲ 26.4%
Total assets
€2.4m
▲ 13.3%
Score breakdownlowers riskSize: total assets €2.4mLiquidity: current ratio 3.09, cash €475,652Figures for financial year 2025 (filed on 07-05-2026)Equity €1.6m (66.9% of total assets)Show the evidence

Checked score

Score 2025
98 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 82% of small companies in real estate (NACE 68)
Financial strength · tick: 2024
Strong
Solvency 92+7
equity 66.9% of total assets
Liquidity 61+17
short-term debt 32.3% · cash 19.6%
Profitability 72-28
return on assets 14.0%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (6,995 companies, NACE 68, small)
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: 0.3%▲ +0.1 percentage points vs 05-2025highest value 07-2025: 0.1%▼ -0.2 percentage points vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged 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%▼ -0.1 percentage points 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 09-2026lowest value 11-2026: < 0.1%● unchanged vs 10-2026lowest value
Credit of up to €150,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.09 (2.9 in 2024), above the usual 1.5. Short-term debt is 32.3% and cash 19.6% of total assets. 33.1% of the assets are financed with debt and provisions.
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, small). It does better than 80% of them on solvency, 87% on liquidity, 78% on profitability and 84% on growth.

The bankruptcy probability was computed on 04-11-2026 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).

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

Six signals.
lowers riskneutral
lowers risk · Size: total assets €2.4m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Liquidity: current ratio 3.09, cash €475,652
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 07-05-2026)
NBB · annual accounts
lowers risk · Equity €1.6m (66.9% of total assets)
NBB · annual accounts
lowers risk · 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 €1.6m
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 04-05-2026, 88 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
88 days early
2024
70 days early
2023
37 days early
2022
32 days early
2021
16 days early
2020
4 days early
2019
29 days early
← 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 39 days before 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 25 June (4 of the last 5 accounts filed within 34 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Financials

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 04-05-2026 PDF all 15 filings

Turnover
€1.6m▲ 240%
2023 · €470,305
EBIT margin
42.7%▲ 109.0pp
2023 · -66.3%
Net result
€339,759▼ 39.3%
2024 · €559,865
Working capital
€1.6m▲ 16.9%
2024 · €1.4m
Multi-year overview
2018 to 2025, 8 financial years
Turnover
no figure
2025
20182025
Operating result
€473,747
▼ 30.6% 2025
20182025
Net result
€339,759
▼ 39.3% 2025
highest quarter of the sector
20182025
EBIT margin
no figure
2025
20182025
Equity
€1.6m
▲ 26.4% 2025
highest quarter of the sector
20182025
Total assets
€2.4m
▲ 13.3% 2025
middle half of the sector
20182025
Debt
€804,030
▼ 6.4% 2025
20182025
Working capital
€1.6m
▲ 16.9% 2025
highest quarter of the sector
20182025
Solvency
66.9%
▲ 7.0pp 2025
highest quarter of the sector
20182025
Current ratio
3.09
▲ 0.19 2025
highest quarter of the sector
20182025
Return on assets (ROA)
14.0%
▼ 12.1pp 2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€2.7m-€3.8m▲ 41.0%€2.7m▼ 29.4%€5.9m▲ 118%€6.2m▲ 4.2%€0.5m▼ 92.4%€1.6m▲ 240%
Operating result€0.4m-€0.4m▲ 12.0%€6.4m▲ 15×€2.3m▼ 64.0%€0.1m▼ 95.7%-€0.3m€0.7m€0.5m▼ 30.6%
Net result€0.3m-€0.3m▼ 0.6%€4.9mabove the sector's middle half▲ 19×€1.8mabove the sector's middle half▼ 63.0%€0.07mwithin the sector's middle half▼ 96.3%-€0.3mbelow the sector's middle half€0.6mabove the sector's middle half€0.3mabove the sector's middle half▼ 39.3%
EBIT margin14.3%-11.3%▼ 2.9pp237.1%▲ 225.8pp39.2%▼ 197.9pp1.6%▼ 37.6pp-66.3%▼ 67.9pp42.7%▲ 109.0pp
Equity€2.3m-€2.6m▲ 10.9%€1.2mwithin the sector's middle half▼ 54.4%€3.0mabove the sector's middle half▲ 154%€1.1mwithin the sector's middle half▼ 64.7%€0.7mwithin the sector's middle half▼ 31.1%€1.3mwithin the sector's middle half▲ 77.0%€1.6mabove the sector's middle half▲ 26.4%
Total assets€6.5m-€12.5m▲ 91.3%€9.1mabove the sector's middle half▼ 26.9%€6.1mwithin the sector's middle half▼ 33.3%€4.8mwithin the sector's middle half▼ 20.7%€2.2mwithin the sector's middle half▼ 55.1%€2.1mwithin the sector's middle half▼ 0.9%€2.4mwithin the sector's middle half▲ 13.3%
Debt€4.2m-€9.9m▲ 136%€8.0m▼ 19.7%€3.1m▼ 61.1%€3.8m▲ 21.7%€1.4m▼ 61.9%€0.9m▼ 40.2%€0.8m▼ 6.4%
Working capital-€0.3m--€7.8m▼ 2,466%€1.2mabove the sector's middle half€3.1mabove the sector's middle half▲ 154%€1.8mabove the sector's middle half▼ 43.5%€1.2mabove the sector's middle half▼ 34.1%€1.4mabove the sector's middle half▲ 20.2%€1.6mabove the sector's middle half▲ 16.9%
Solvency35.6%-20.6%▼ 14.9pp12.9%within the sector's middle half▼ 7.8pp49.1%within the sector's middle half▲ 36.2pp21.9%within the sector's middle half▼ 27.2pp33.6%within the sector's middle half▲ 11.7pp60.0%within the sector's middle half▲ 26.4pp66.9%above the sector's middle half▲ 7.0pp
Current ratio0.93-0.21▼ 0.721.16within the sector's middle half▲ 0.952.07within the sector's middle half▲ 0.911.58within the sector's middle half▼ 0.482.18within the sector's middle half▲ 0.592.90within the sector's middle half▲ 0.733.09above the sector's middle half▲ 0.19
Return on assets (ROA)3.9%-2.0%▼ 1.9pp53.7%above the sector's middle half▲ 51.7pp29.8%above the sector's middle half▼ 23.9pp1.4%within the sector's middle half▼ 28.4pp-15.1%below the sector's middle half▼ 16.5pp26.1%above the sector's middle half▲ 41.2pp14.0%above the sector's middle half▼ 12.1pp
above within below The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is 31% lower than in 2024.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €2.4m
Equity €1.6m ▲ 26.4%
Debt €804,030 ▼ 6.4%
Debt's share of the balance-sheet total falls from 40.0% to 33.1%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
Quick ratio
1.35▲
2024 · 1.04
Debt to equity
0.49▼
2024 · 0.67
ROE
20.9%▼
2024 · 43.5%
Debt ≤ 1 year
€785,888▲
2024 · €739,378
Debt > 1 year
€0▼
2024 · €105,562
Income taxes
€113,326▲
2024 · €88,286
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Securities and guarantees

on own assets and for others
Item20212022202320242025
Debts secured on the company's own assets-€715,592€442,952€105,562-
Mortgages, amount registered-€25,000€25,000€25,000-
Mortgage mandates-€1.9m€4.4m€4.4m-
Carrying value of the mortgaged assets-€1.0m€745,804€1.3m-
Guarantees given for others' debts-€1.9m€4.4m€4.4m-

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 60 lines
Balance sheet Code20242025
Assets
Total assets20/58€2.1m€2.4m▲
Current assets29/58€2.1m€2.4m▲
Stocks and contracts in progress3€1.4m€1.4m=
Stocks30/36€1.4m€1.4m=
Property held for sale35€1.4m-
Amounts receivable within one year40/41€0.5m€0.5m▼
Trade receivables40€0.01m€0.001m▼
Other amounts receivable41€0.5m€0.5m▼
Cash at bank and in hand54/58€0.2m€0.5m▲
Deferred charges and accrued income490/1€0.07m€0.06m▼
Equity and liabilities
Total equity and liabilities10/49€2.1m€2.4m▲
Equity10/15€1.3m€1.6m▲
Contributions10/11€0.4m€0.4m=
Reserves13€0.9m€1.3m▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€0.9m€1.3m▲
Profit (loss) carried forward14€0-
Amounts payable17/49€0.9m€0.8m▼
Amounts payable after more than one year17€0.1m€0▼
Financial debts170/4€0.1m€0▼
Credit institutions173€0.1m-
Amounts payable within one year42/48€0.7m€0.8m▲
Trade debts44€0.4m€0.5m▲
Suppliers440/4€0.4m€0.5m▲
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€0.3m€0.3m=
Accrued charges and deferred income492/3€0.01m€0.02m▲
Income statement Code20242025
Operating income70/76A€1.8m-
Turnover70€1.6m-
Other operating income74€0.2m-
Operating charges60/66A€1.1m-
Goods for resale, raw materials and consumables60€0.9m-
Purchases600/8€1.5m-
Change in stocks: decrease (increase)609-€0.6m-
Services and other goods61€0.2m-
Other operating charges640/8€0.004m€0.003m▼
Gross operating margin9900-€0.5m
Operating profit (loss)9901€0.7m€0.5m▼
Financial income75/76B€0.003m€0.001m▼
Recurring financial income75€0.003m€0.001m▼
Income from current assets751€0.001m-
Other financial income752/9€0.002m-
Non-recurring financial income76B€0-
Financial charges65/66B€0.04m€0.02m▼
Recurring financial charges65€0.04m€0.02m▼
Debt charges650€0.04m-
Other financial charges652/9€0.002m-
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€0.6m€0.5m▼
Income taxes67/77€0.09m€0.1m▲
Taxes670/3€0.09m-
Tax adjustments and reversals of tax provisions77€12-
Profit (loss) for the period9904€0.6m€0.3m▼
Profit (loss) for the period to be appropriated9905€0.6m€0.3m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.9m€0.3m▼
Profit (loss) brought forward from the previous period14P€0.3m€0▼
Transfer to equity691/2€0.9m€0.3m▼
To other reserves6921€0.9m€0.3m▼

The notes to these accounts have 2 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 04-05-2026.

Line20182019202020212022202320242025Change
Operating income70/76A---€6.6m€5.0m€0.5m€1.8m--
Turnover70€2.7m€3.8m€2.7m€5.9m€6.2m€0.5m€1.6m--
Change in stocks of work in progress, finished goods and contracts in progress71---€0.6m-€1.3m€0---
Other operating income74---€0.07m€0.1m€0.003m€0.2m--
Operating charges60/66A---€4.3m€4.9m€0.8m€1.1m--
Goods for resale, raw materials and consumables60---€4.0m€4.5m€0.7m€0.9m--
Purchases600/8---€4.3m€4.6m€0.4m€1.5m--
Change in stocks: decrease (increase)609----€0.3m-€0.2m€0.3m-€0.6m--
Services and other goods61---€0.3m€0.2m€0.06m€0.2m--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€0.3m€0------
Other operating charges640/8---€0.007m€0.3m€0.004m€0.004m€0.003m▼ 16.1%
Gross operating margin9900-------€0.5m-
Operating profit (loss)9901€0.4m€0.4m€6.4m€2.3m€0.1m-€0.3m€0.7m€0.5m▼ 30.6%
Financial income75/76B---€0.1m€0.007m€0.03m€0.003m€0.001m▼ 73.3%
Recurring financial income75€0.006m€0.06m€0.08m€0.1m€0.002m€0.005m€0.003m€0.001m▼ 73.3%
Income from current assets751---€0.1m€0€39€0.001m--
Other financial income752/9---€0.03m€0.002m€0.005m€0.002m--
Non-recurring financial income76B---€0€0.005m€0.02m€0--
Financial charges65/66B---€0.02m€0.02m€0.04m€0.04m€0.02m▼ 42.9%
Recurring financial charges65€0.03m€0.1m€0.1m€0.02m€0.02m€0.03m€0.04m€0.02m▼ 42.9%
Debt charges650--€0.08m€0.01m€0.01m€0.03m€0.04m--
Other financial charges652/9---€0.005m€0.005m€0.002m€0.002m--
Non-recurring financial charges66B-----€0.01m€0--
Profit (loss) for the period before taxes9903€0.4m€0.4m€6.5m€2.4m€0.09m-€0.3m€0.6m€0.5m▼ 30.1%
Income taxes67/77€0.1m€0.1m€1.6m€0.6m€0.02m€141€0.09m€0.1m▲ 28.4%
Taxes670/3---€0.6m€0.02m€141€0.09m--
Tax adjustments and reversals of tax provisions77---€0.001m€0.001m€0€12--
Profit (loss) for the period9904€0.3m€0.3m€4.9m€1.8m€0.07m-€0.3m€0.6m€0.3m▼ 39.3%
Profit (loss) for the period to be appropriated9905€0.3m€0.3m€4.9m€1.8m€0.07m-€0.3m€0.6m€0.3m▼ 39.3%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€6.5m€12.5m€9.1m€6.1m€4.8m€2.2m€2.1m€2.4m▲ 13.3%
Fixed assets21/28€2.7m€10.4m€0------
Tangible fixed assets22/27€2.7m€10.4m€0------
Current assets29/58€3.8m€2.1m€9.1m€6.1m€4.8m€2.2m€2.1m€2.4m▲ 13.3%
Stocks and contracts in progress3€3.1m€1.0m€0.6m€2.2m€1.1m€0.8m€1.4m€1.4m=
Stocks30/36---€0.9m€1.1m€0.8m€1.4m€1.4m=
Property held for sale35---€0.9m€1.1m€0.8m€1.4m--
Contracts in progress37---€1.3m€0----
Amounts receivable within one year40/41€0.4m€0.8m€6.3m€1.5m€1.0m€0.9m€0.5m€0.5m▼ 4.9%
Trade receivables40---€0.9m€0.2m€0.2m€0.01m€0.001m▼ 91.1%
Other amounts receivable41---€0.6m€0.8m€0.7m€0.5m€0.5m▼ 2.7%
Cash at bank and in hand54/58€0.4m€0.3m€1.4m€2.3m€2.7m€0.4m€0.2m€0.5m▲ 191%
Deferred charges and accrued income490/1---€0.1m€0.01m€0.003m€0.07m€0.06m▼ 0.8%
Equity and liabilities
Total equity and liabilities10/49€6.5m€12.5m€9.1m€6.1m€4.8m€2.2m€2.1m€2.4m▲ 13.3%
Equity10/15€2.3m€2.6m€1.2m€3.0m€1.1m€0.7m€1.3m€1.6m▲ 26.4%
Contributions10/11€0.4m€0.4m-€0.4m€0.4m€0.4m€0.4m€0.4m=
Reserves13€0.04m€0.04m€0.04m€0.04m€0.04m€0.04m€0.9m€1.3m▲ 37.0%
Non-distributable reserves130/1---€0.04m€0.04m€0.04m€0--
Reserves not available under the articles1311---€0.04m€0.04m€0.04m€0--
Distributable reserves133------€0.9m€1.3m▲ 37.0%
Profit (loss) carried forward14€1.9m€2.2m€0.8m€2.6m€0.6m€0.3m€0--
Amounts payable17/49€4.2m€9.9m€8.0m€3.1m€3.8m€1.4m€0.9m€0.8m▼ 6.4%
Amounts payable after more than one year17----€0.7m€0.4m€0.1m€0▼ 100%
Financial debts170/4----€0.7m€0.4m€0.1m€0▼ 100%
Credit institutions173----€0.7m€0.4m€0.1m--
Amounts payable within one year42/48€4.1m€9.8m€7.9m€2.9m€3.0m€1.0m€0.7m€0.8m▲ 6.3%
Trade debts44€0.9m€1.2m€0.9m€1.5m€1.0m€0.9m€0.4m€0.5m▲ 11.1%
Suppliers440/4---€1.5m€1.0m€0.9m€0.4m€0.5m▲ 11.1%
Advances received on contracts in progress46---€0.6m€0----
Taxes, remuneration and social security45---€0.8m€0.06m€0.07m€0--
Taxes450/3---€0.8m€0.06m€0.07m€0--
Other amounts payable47/48---€0€2.0m€0€0.3m€0.3m=
Accrued charges and deferred income492/3---€0.2m€0.006m€108€0.01m€0.02m▲ 28.6%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€0.3m€0.3m€4.9m€1.8m€0.07m-€0.3m€0.6m€0.3m▼ 39.3%
+ Depreciation and write-downs630-€0.3m€0------
Operating cash flow (approximation)€0.3m€0.5m€4.9m€1.8m€0.07m-€0.3m€0.6m€0.3m▼ 39.3%
Investment in fixed assets (approximation)--€8.0m€10.4m------
Change in cash--€0.1m€1.2m€0.8m€0.5m-€2.3m-€0.3m€0.3m-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 17,811 companies had the same profile as Global Development Solutions has now. Two years later, 96.5% were still going and 0.3% had gone bankrupt.

  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
96.5% was still going
3.1% stopped otherwise
0.3% went bankrupt

That fits the bankruptcy probability of Global Development Solutions itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,446 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 17,811 companies, not a prediction for Global Development Solutions. 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.

Latest 10 of 15 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 04-05-2026 2026-00104750 PDF
31-12-2024 full format 22-05-2025 2025-00118628 PDF
31-12-2023 full format 24-06-2024 2024-00172854 PDF
31-12-2022 full format 29-06-2023 2023-00184591 PDF
31-12-2021 full format 15-07-2022 2022-20190062 PDF
31-12-2020 full format 27-07-2021 2021-41000356 PDF
31-12-2019 full format 02-07-2020 2020-26100504 PDF
31-12-2018 full format 10-07-2019 2019-31700518 PDF
31-12-2017 abbreviated format 24-07-2018 2018-37800036 PDF
31-12-2016 abbreviated format 18-07-2017 2017-32800226 PDF

Show all 15 filings

Board & ownership

Directors

Directors
1 director, last change in 2024

Board 1

GLOBALINDUS
Director (not named in the articles) · in office according to the deed of 06-10-2023 · earlier director, from 20-06-2023 to 19-06-2024 · term without a fixed end · Public limited company · permanent representative: WILMS Stany · listed in the 2025 annual accounts, filed on 04-05-2026
Current
Permanent representatives 1
WILMS Stany
Permanent representative · in office according to the deed of 06-10-2023 · for GLOBALINDUS
Current
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“moet worden vermeld of de personen die de vennootschap vertegenwoordigen, wat het dagelijks bestuur aangaat, de vennootschap elk alleen…”
deed of 19-06-2024

Owners and capital

Shareholders

2 owners

Owners 2

Owners through the years 2012 to 2025
Owners through the years
Name20122013201420152016201720182019202020212022202320242025
Global Jordan & Freeman 50%
GLOBALINDUS 50%50%
LANDICO 50%

Source: lists of holdings in the owners' accounts

Capital transactions

Capital over time
  1. 19-06-2024 Converted to unavailable equity · €405,460

Mandate history

1 person, 1 in office
Show
  • Board
  • mandate already running before its first mention
Mandates per person, with start and end dates
Name Functions and periods
GLOBALINDUS
  • Director, from before 20-06-2023 to 19-06-2024
  • Director (not named in the articles), since before 19-06-2024
See the board, name and registered office on a given date →

Network & group

Board mandates elsewhere

1 board mandate
Board mandates of Global Development SolutionsGlobal Development Solutions sits on their board1
Director
Founded in 2022

Companies at the same address

51 other companies

Connections & network

1 current director
Depth

The board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.

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

Deeds, filings and financial milestones

Deadline for the 2026 accounts: 31-07-2027
2026
04-05
NBB filing Annual accounts 2025 filedPDF
abbreviated format · 88 days before the deadline
2025
22-05
NBB filing Annual accounts 2024 filedPDF
full format · 70 days before the deadline
2024
31-12
Financial Back to profitnet €559,865
The net result is €559,865, after one loss-making year.
31-12
Financial Equity above €1mequity €1.3m ▲77%
Equity rises from €726,637 to €1.3m.
24-06
NBB filing Annual accounts 2023 filedPDF
full format · 37 days before the deadline
19-06
Gazette deed 1 director resigning, 1 director reappointed
Resignation: Globalindus (director) · Reappointment: Globalindus (director) · Permanent representative: WILMS Stany6 points ▸
  • General meeting, 13-03-2024
  • Legal-form conversion, to private limited company
  • Director resignation, Globalindus
  • Director reappointment, Globalindus (director (not named in the articles))
  • Permanent representative, WILMS Stany
  • Registered office clause, Kapellestraat 117, 8020 Oostkamp
  • The deed holds 6 more points.

Open the deed in the Belgian Official Gazette

2023
31-12
Financial Weakest financial yearnet -€327,330
The net result drops to -€327,330, the lowest from 2018 to 2025. It recovers the following year.
06-10
Gazette deed Reappointment: Globalindus (director)
Permanent representative: Stany Wilms3 points ▸
  • General meeting, 20-06-2023
  • Director reappointment, Globalindus
  • Permanent representative, Stany Wilms

Open the deed in the Belgian Official Gazette

29-06
NBB filing Annual accounts 2022 filedPDF
full format · 32 days before the deadline
2022
15-07
NBB filing Annual accounts 2021 filedPDF
full format · 16 days before the deadline
2021
31-12
Financial Equity above €2mequity €3.0m ▲154%
With a profit in every financial year since 2018, equity grows to €3.0m.
27-07
NBB filing Annual accounts 2020 filedPDF
full format · 4 days before the deadline
Show earlier events
2020
31-12
Financial Highest result from 2018 to 2025net €4.9m ▲1,834%
The operating result of €6.4m and the net result of €4.9m are both a record.
31-12
Financial Liquidity more than 5 timescurrent ratio 1.16
The current ratio rises from 0.21 to 1.16. Short-term debt falls from €9.8m to €7.9m.
02-07
NBB filing Annual accounts 2019 filedPDF
full format · 29 days before the deadline
2019
10-07
NBB filing Annual accounts 2018 filedPDF
full format · 21 days before the deadline
2018
24-07
NBB filing Annual accounts 2017 filedPDF
abbreviated format · 7 days before the deadline
2017
18-07
NBB filing Annual accounts 2016 filedPDF
abbreviated format · 13 days before the deadline
2010
03-09
Gazette deed IncorporationPDF
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

On 25 August 2010, Global Development Solutions was incorporated.1 Turnover went from €2.7m in 2018 to €1.6m in 2024.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2024

Company details

Register details

Identity

KBO record
Name Global Development Solutions in Dutch
Enterprise number 0828.719.795
Legal form Private limited company
Status Active, normal situation
Founded 25-08-2010
Entity type Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 19-06-2024 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaamse Gewest”
deed of 19-06-2024 (in Dutch)

Registered office and establishments

Registered office Kapellestraat 117, 8020 Oostkamp, Belgium
Establishment unit Global Development Solutions, Kapellestraat 117, 8020 Oostkamp since 08-09-2010 · unit number 2.191.177.540 41003 General construction of other non-residential buildings

Activities

NACEBEL 2025
68122 Development of non-residential building projects main activity
41003 General construction of other non-residential buildings
68110 Buying and selling of own real estate
68121 Development of residential building projects
68203 Renting and operating of own or leased non-residential real estate, excluding land
Codes under NACEBEL 2008
41102 Construction of residential and non-residential buildings main activity
41101 Real estate development
41203 Construction of residential and non-residential buildings
68100 Real estate activities
68203 Real estate rental
PurposeThe purpose describes the activities the company may carry out under its articles.
“Het verwerven van participaties in eender welke vorm in alle bestaande of op te richten rechtspersonen en vennootschappen,het stimuleren,de…”
18 activities
  1. Het verwerven van participaties in eender welke vorm in alle bestaande of op te richten rechtspersonen en vennootschappen,het stimuleren,de planning,de coördinatie,de ontwikkeling van en de investering in rechtspersonen en ondernemingen waarin zij al of niet een participatie aanhoudt.
  2. Het aangaan van leningen en kredietopeningen;het toestaan van leningen en kredietopeningen aan rechtspersonen en ondernemingen of particulieren,onder om het even welke vorm;in de meest ruime zin alle handels- en financiële operaties verrichten behalve die wettelijk voorbehouden zijn aan krediet- en/of andere financiële instellingen.
  3. Het verlenen van adviezen van financiële,technische,commerciële of administratieve aard;in de ruimste zin,met uitzondering van adviezen inzake beleggingen en geldplaatsingen;bijstand en diensten verlenen,rechtstreeks of onrechtstreeks op het vlak van administratie en financiën,verkoop,productie en algemeen bestuur.
  4. Het waarnemen van alle bestuursopdrachten,het verlenen van bijstand inzake management,het uitoefenen van opdrachten en functies in de meest ruime zin,met inbegrip van mandaten van vereffenaar.
  5. Het ontwikkelen,kopen,verkopen,in licentie nemen of geven van octrooien,knowhow en aanverwante immateriële duurzame activa.
  6. Het verlenen van administratieve prestaties en computerservices.
  7. Het onderzoek,de ontwikkeling,de vervaardiging of commercialisering van nieuwe producten,nieuwe vormen van technologie en hun toepassingen.
  8. Het stellen van zakelijke of persoonlijke zekerheden in de meest ruime zin.
  9. De aan- en verkoop,in- en uitvoer,commissiehandel en vertegenwoordiging van om het even welke goederen,tussenpersoon in de handel.
  10. Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend patrimonium,alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals de aan- en verkoop,huur en verhuur van roerende goederen;het verwerven door inschrijving of aankoop en het beheren van aandelen,obligaties,kasbons of andere roerende waarden,van welke vorm ook,van Belgische of buitenlandse,bestaande of nog op te richten rechtspersonen en ondernemingen,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de roerende goederen te bevorderen alsmede zich borg te stellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze roerende goederen.
  11. Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;
  12. Alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals de huurfinanciering van onroerende goederen aan derden,het aankopen,verkopen,ruilen,bouwen,verbouwen,onderhouden,herstellen,verhuren,huren,verkavelen,prospecteren en uitbaten van onroerende goederen alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de onroerende goederen te bevorderen alsmede zich borg te stellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze onroerende goederen.
  13. De vennootschap mag alle verrichtingen stellen van commerciële,industriële,onroerende,roerende of financiële aard die rechtstreeks of onrechtstreeks met haar voorwerp verwant of verknocht zijn of de verwezenlijking ervan kunnen bevorderen.
  14. De vennootschap mag betrokken zijn bij wijze van inbreng,samensmelting,inschrijving of op elke andere wijze,in de ondernemingen,verenigingen of vennootschappen,die een gelijkaardig,soortgelijk of samenhangend voorwerp hebben of die nuttig zijn voor de verwezenlijking van het geheel of een gedeelte van haar voorwerp.
  15. Bovenvermelde opsomming is niet beperkend,zodat de vennootschap alle handelingen kan stellen,die op welke wijze ook kunnen bijdragen tot de verwezenlijking van haar voorwerp.
  16. De vennootschap mag haar voorwerp verwezenlijken zowel in België als in het buitenland,op alle wijzen en manieren,die zij het best geschikt zou achten.
  17. De vennootschap mag geenszins aan vermogensbeheer of beleggingsadvies doen als bedoeld in de Wetten en Koninklijke Besluiten terzake.
  18. De vennootschap zal zich dienen te onthouden van werkzaamheden die onderworpen zijn aan reglementaire bepalingen voor zover de vennootschap zelf niet aan deze bepalingen voldoet.
deed of 19-06-2024 (in Dutch)

Invoicing and payment

VAT number BE 0828.719.795
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0828719795
Other Peppol ID 9925:BE0828719795
Registered 18-03-2026

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 4 November 2026 · Peppol Directory

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 0828.719.795

Financial year and general meeting

Accounts at the NBB
Financial year end 31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Tuesday of May at 10:00
deed of 19-06-2024 (in Dutch)

Environmental permits

5 applications in Flanders since 2018 · 5 granted
Nieuwbouw of aanleggen
Granted on 10-01-2022submitted 15-10-2021authority: Roeselareproject 2021160351
Bouwen of herbouwen; Nieuwbouw of aanleggen
Granted on 02-06-2021submitted 25-01-2021authority: Menenproject 2020119541
Het reliëf van de bodem aanmerkelijk wijzigen; Hoogstammige bomen vellen die geen deel uitmaken van een bos; Nieuwbouw of aanleggen
Granted on 27-05-2021submitted 27-10-2020authority: Provincie West-Vlaanderenproject 2020140451
Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen
Granted on 23-04-2019submitted 04-02-2019authority: Roeselareproject 2019011112
Bouwen of herbouwen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie; Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning)
Granted on 25-03-2019submitted 20-12-2018authority: Roeselareproject 2018147368

Source: Omgevingsloket Vlaanderen.

Sites & property

Location
registered office establishment The establishment unit on the map
52 companies at this address See who is registered here

Buildings and parcels at the address

Ground area
10.4 ha
Building footprint
312 m²
Building volume
2,521 m³
Cadastral parcel Region Area Buildings Height / floors
31403F0109/00G000 Flanders 10.4 ha 1 · 312 m² 28.8 m · 2