GM DEVELOPMENTS
ActiveSummary
GM DEVELOPMENTS has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €288,921 and a net result of €232,992. Equity is growing by about 17% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.7% (low).
Overview
- Equity
- €288,921
- Profit
- €232,992
- Parent
- GM INVESTMENTS · 100%
Why 70raises riskLiquidity: current ratio 1.25, cash €63, halvedFounded in 2020lowers riskSector: Real estate activities (NACE 68)Size: total assets €1.4mShow the evidence
Checked score
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 40% on solvency, 8% on liquidity, 74% on profitability and 98% on growth.
The bankruptcy probability was computed on 16-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 5 accounts on average 23 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Permanent representatives: MULLENS Daan and GOVAERTS…Gazette deed
- Annual accounts filedfinancial year 2025 · abbreviated…
- Back to profitnet €232,992
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years
The operating result returns to profit in 2025: €318,514 after a loss of €5,108 in 2024, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 2,684 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 97.3% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 2,684 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €62 | €62 | €446 | €449 | ▲ 0.6% |
| Gross operating margin9900 | -€3,244 | €5,812 | €16,617 | -€4,661 | €318,963 | - |
| Operating profit (loss)9901 | -€3,244 | €5,750 | €16,555 | -€5,108 | €318,514 | - |
| Financial charges65/66B | - | €297 | €3,148 | €687 | €420 | ▼ 38.8% |
| Recurring financial charges65 | €13 | €297 | €3,148 | €687 | €420 | ▼ 38.8% |
| Profit (loss) for the period before taxes9903 | -€3,256 | €5,453 | €13,408 | -€5,794 | €318,094 | - |
| Income taxes67/77 | - | €541 | €3,340 | €0 | €85,102 | - |
| Profit (loss) for the period9904 | -€3,256 | €4,912 | €10,067 | -€5,794 | €232,992 | - |
| Profit (loss) for the period to be appropriated9905 | -€3,256 | €4,912 | €10,067 | -€5,794 | €232,992 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.06m | €0.07m | €0.07m | €0.9m | €1.4m | ▲ 66.8% |
| Current assets29/58 | €0.06m | €0.07m | €0.07m | €0.9m | €1.4m | ▲ 66.8% |
| Stocks and contracts in progress3 | €0.05m | €0 | - | €0.9m | €1.0m | ▲ 14.8% |
| Stocks30/36 | - | €0 | - | €0.9m | €1.0m | ▲ 14.8% |
| Amounts receivable within one year40/41 | €0.006m | €0.07m | €0.07m | €0.001m | €0.5m | ▲ 46,833% |
| Trade receivables40 | - | €196 | €0 | - | - | - |
| Other amounts receivable41 | - | €0.07m | €0.07m | €0.001m | €0.5m | ▲ 46,833% |
| Cash at bank and in hand54/58 | €0.004m | €104 | €0 | €126 | €63 | ▼ 50.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.06m | €0.07m | €0.07m | €0.9m | €1.4m | ▲ 66.8% |
| Equity10/15 | €0.05m | €0.05m | €0.06m | €0.06m | €0.3m | ▲ 417% |
| Contributions10/11 | - | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Reserves13 | - | €0.002m | €0.01m | €0.006m | €0.2m | ▲ 3,930% |
| Distributable reserves133 | - | €0.002m | €0.01m | €0.006m | €0.2m | ▲ 3,930% |
| Profit (loss) carried forward14 | -€0.003m | €0 | - | - | - | - |
| Amounts payable17/49 | €0.01m | €0.01m | €0.006m | €0.8m | €1.2m | ▲ 42.6% |
| Amounts payable within one year42/48 | €0.01m | €0.01m | €0.006m | €0.8m | €1.2m | ▲ 42.6% |
| Financial debts43 | - | - | - | €0.7m | €1.1m | ▲ 56.9% |
| Credit institutions430/8 | - | - | - | €0.7m | €1.1m | ▲ 56.9% |
| Trade debts44 | - | €0.001m | €0.003m | €0.004m | €0.001m | ▼ 86.7% |
| Suppliers440/4 | - | €0.001m | €0.003m | €0.004m | €0.001m | ▼ 86.7% |
| Taxes, remuneration and social security45 | - | €0.01m | €0.003m | €0 | €0.09m | - |
| Taxes450/3 | - | €0.01m | €0.003m | €0 | €0.09m | - |
| Other amounts payable47/48 | - | €450 | €0 | €0.1m | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,256 | €4,912 | €10,067 | -€5,794 | €232,992 | - |
| Operating cash flow (approximation) | -€3,256 | €4,912 | €10,067 | -€5,794 | €232,992 | - |
| Change in cash | - | -€3,587 | -€103 | €125 | -€63 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | abbreviated format | 15-01-2026 | 2026-00009360 |
| 30-06-2024 | abbreviated format | 06-12-2024 | 2024-00613650 |
| 30-06-2023 | abbreviated format | 10-01-2024 | 2024-00000584 |
| 30-06-2022 | abbreviated format | 12-01-2023 | 2023-20557529 |
| 30-06-2021 | abbreviated format | 28-01-2022 | 2022-03100402 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
2 ownersChain of control
- Group GM
- GM INVESTMENTS
- GM DEVELOPMENTS
Highest known parent: Group GM. The sources do not say who stands above it.
Owners 2
- GM INVESTMENTSparent100%
- Group GMparentSourceaccounts Group GM 2025100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
The network starts from this company’s shareholders. What else they own or run appears here as nodes.
History
Acts, filings and financial milestones
19-03
Gazette deed
Permanent representatives: MULLENS Daan and GOVAERTS Sabrina4 facts ▸
- General meeting, 19-01-2026
- Permanent representative, MULLENS Daan (2 times)
- Director in office, GROUP GM BV (director)
- Permanent representative, GOVAERTS Sabrina
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 17 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71052C0515/00B000 ProtectedMonument · Townscape or village viewVakwerkhoeve met losse bestanddelen: boerenwoning, schuur en waterputSource ↗ |
Flanders | 1,094 m² | 1 · 361 m² | 10.3 m · 1 |