GM DERDE
ActiveSummary
GM DERDE has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.03M and a net result of €45k. Equity is growing by ~14.9% per year across the filed fiscal years. Its solvency ranks better than 73% of 7777 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-5
Solvency89▼-11
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 2.2 against 8.7 in 2024; short-term debt: 35.8% and cash: 1.2% of total assets), and 35.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
64.2%
Return on assets
2.8%
Age of the figures
9 mo
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 31-12-2025 was due by 31-07-2026 and was filed on 06-05-2026, 86 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
86 d early
2024
36 d early
2023
19 d early
2022
21 d late
2021
22 d late
2020
26 d late
2019
18 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.03M▼ 31.0%
2024 · €1.49M
2018: €513k
2019: €594k
2020: €816k
2021: €1.09M
2022: €1.32M
2023: €1.38M
2024: €1.49M
2018 → 2025
Total assets
€1.60M▼ 1.6%
2024 · €1.62M
2018: €1.39M
2019: €1.44M
2020: €1.88M
2021: €2.49M
2022: €2.21M
2023: €2.21M
2024: €1.62M
2018 → 2025
Net result
€45k▼ 57.1%
2024 · €106k
2018: €173k
2019: €81k
2020: €222k
2021: €270k
2022: €230k
2023: €66k
2024: €106k
2018 → 2025
Working capital
€688k▼ 33.2%
2024 · €1.03M
2018: €309k
2019: €420k
2020: €375k
2021: €528k
2022: €761k
2023: €970k
2024: €1.03M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.09M-€1.32M▲ 21.2%€1.38M▲ 5.0%€1.49M▲ 7.6%€1.03M▼ 31.0%
Operating result€369k-€355k▼ 3.7%€120k▼ 66.4%€144k▲ 20.1%€57k▼ 60.6%
Net result€270k-€230k▼ 14.9%€66k▼ 71.4%€106k▲ 60.3%€45k▼ 57.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 61% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.60M
Fixed assets
€339k ▼ 26.7%
Current assets
€1.26M ▲ 8.4%
Equity and liabilities €1.60M
Equity
€1.03M ▼ 31.0%
Debt
€573k ▲ 319%
Debt's share of the balance-sheet total rises from 8.4% to 35.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€296k▼
2024 · €394k
Cash flow
€285k▼
2024 · €356k
Current ratio
2.20▼
2024 · 8.70
Quick ratio
0.45▼
2024 · 1.12
Debt to equity
0.56▲
2024 · 0.09
ROE
4.4%▼
2024 · 7.1%
ROA
2.8%▼
2024 · 6.5%
Interest coverage
119.99▲
2024 · 25.64
Debt ≤ 1 year
€573k▲
2024 · €134k
Debt > 1 year
€0▼
2024 · €3k
Income taxes
€18k▼
2024 · €37k
Staff costs
€129k▲
2024 · €124k
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 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.62M€1.60M▼
Fixed assets21/28€462k€339k▼
Tangible fixed assets22/27€447k€339k▼
Plant, machinery and equipment23€344k€290k▼
Furniture and vehicles24€34k€47k▲
Leasing and similar rights25€69k€1k▼
Financial fixed assets28€15k€270▼
Current assets29/58€1.16M€1.26M▲
Stocks and contracts in progress3€1.01M€1.01M▼
Stocks30/36€76k€127k▲
Contracts in progress37€937k€878k▼
Amounts receivable within one year40/41€29k€219k▲
Trade receivables40€1k€197k▲
Other amounts receivable41€28k€22k▼
Current investments50/53€510€510=
Cash at bank and in hand54/58€102k€20k▼
Deferred charges and accrued income490/1€18k€16k▼
Equity and liabilities
Total equity and liabilities10/49€1.62M€1.60M▼
Equity10/15€1.49M€1.03M▼
Contributions10/11€19k€19k=
Reserves13€1.47M€1.01M▼
Distributable reserves133€1.47M€1.01M▼
Profit (loss) carried forward14-€0
Amounts payable17/49€137k€573k▲
Amounts payable after more than one year17€3k€0▼
Financial debts170/4€3k€0▼
Amounts payable within one year42/48€134k€573k▲
Current portion of amounts payable after more than one year42€61k€3k▼
Financial debts43€3€3=
Credit institutions430/8€3€3=
Trade debts44€49k€71k▲
Suppliers440/4€49k€71k▲
Taxes, remuneration and social security45€20k€18k▼
Taxes450/3€11k€7k▼
Remuneration and social security454/9€9k€11k▲
Other amounts payable47/48€4k€481k▲
Accrued charges and deferred income492/3€0€81▲
Income statement
Code20242025
Non-recurring operating income76A€55k€22k▼
Remuneration, social security and pensions62€124k€129k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€250k€239k▼
Other operating charges640/8€5k€20k▲
Non-recurring operating charges66A€0€7k▲
Gross operating margin9900€523k€453k▼
Operating profit (loss)9901€144k€57k▼
Financial income75/76B€14k€9k▼
Recurring financial income75€14k€9k▼
Financial charges65/66B€15k€2k▼
Recurring financial charges65€15k€2k▼
Profit (loss) for the period before taxes9903€143k€63k▼
Income taxes67/77€37k€18k▼
Profit (loss) for the period9904€106k€45k▼
Profit (loss) for the period to be appropriated9905€106k€45k▼
Appropriation of the result
Profit (loss) to be appropriated9906€106k€45k▼
Transfer from equity791/2-€507k
Transfer to equity691/2€106k€45k▼
To other reserves6921€106k€45k▼
Profit to be distributed694/7-€507k
Return on contributions (dividend)694-€507k
Social balance
Average headcount (FTE)90872.12.3▲
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €45k ▼57.1%
Net result drops to €45k, the lowest in the series.
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity quadruplescurrent ratio 8.70
Current ratio from 2.33 to 8.70; short-term debt falls from €729k to €134k.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 21 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 22 days late
2021
31-12
Financial
Highest result since 2018net €270k ▲21.7%
Operating result €369k, net result €270k, both a record.
31-12
Financial
Equity above €1MEq €1.09M ▲33.2%
4 profitable years in a row build equity to €1.09M.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 18 days late
2019
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 9 days late
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-06
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
2 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, Wichelen · 1 establishment unit since 2015
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.
Bohemen 1019260 WichelenGround area
2.7 ha
Building footprint
462 m²
Volume, LiDAR
3,215 m³
Parcel 42026B0573/00T000, Flanders · tallest building 12.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GM DERDE BVBA
since 20152.237.972.617
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42026B0573/00T000 | Flanders | 2.7 ha | 1 · 462 m² | 12.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 24,089 EUR awarded · 24,804 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 18,546 EUR | 18,546 EUR |
| 2024 | 2 | 2,295 EUR | 2,295 EUR |
| 2023 | 2 | 2,113 EUR | 2,962 EUR |
| 2022 | 2 | 1,135 EUR | 1,001 EUR |
Schemes
Individueel Maatwerk
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Subsidies ecologisch en veilig transport (stopgezet)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Recognised contractor
7 categoriesGM DERDE BV37703
Dual-learning approval
4 live approvals · 2 endedMedewerker ruwbouw (vwo)
Medewerker ruwbouw duaal (so)
Metselaar (vwo)
Ruwbouw duaal (so)
Show 2 ended approvals
Dakdekker leien en pannen (so)
Dakwerker duaal (so)
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Of 8,561 companies in sector 43410 we hold annual accounts for 4,357. 2,006 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@gmderde.be