Turnover
≈ €840,000 estimated
The micro format states no turnover.
GM PROJECTS
Lifetime
17 annual accounts with figures on one time axispeak €589,602 (2025)
€589,602
lowest -€2,530 (2022)
€269,957
peak €643,450 (2025)
€643,450
€383,013
Board2 names since 2022
2 directorsMERTENS Guy and 1 other
Documentsfilings and deeds
17-10-202575 days before the deadline
2025micro format
Amendment of the articles 04-12No figures for the year before
Key points
from the 2025 annual accountsFilings
17 annual accounts since 2008
Five of the last ten came late. The 2020 accounts came latest: 26 days after the end of the period.
Position in the sector
€269,957
Higher net result than 95% of companies in head offices and management consultancy. Sector median €27,142 · 39,376 companies.
Checked score
94
Excellent
Financially stronger than 55% of micro companies in head offices and management consultancy (NACE 70)
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: 0.1% across 48,570 companies (NACE 70, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.2%▲ +0.1 percentage points vs 01-2025
03-2025: 0.3%▲ +0.1 percentage points vs 02-2025
04-2025: 0.5%▲ +0.2 percentage points vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.6%▲ +0.1 percentage points vs 05-2025
07-2025: 1.1%▲ +0.5 percentage points vs 06-2025
08-2025: 1.1%● unchanged vs 07-2025
09-2025: 1.1%● unchanged vs 08-2025highest value
10-2025: 1.0%▼ -0.1 percentage points vs 09-2025
11-2025: 0.1%▼ -0.9 percentage points 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 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 1.78, cash €10,663, halved
lowers risk
Size: total assets €1.0m
Founded in 2007
Sector: Activities of head offices; management consultancy activities (NACE 70)
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 70, micro). It does better than 58% of them on solvency, 22% on liquidity and 84% on profitability.
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 31-05-2025.
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, 17,811 companies had the same profile as GM PROJECTS has now. Each dot stands for 45 companies, two years later.
96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
That fits the bankruptcy probability of GM 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 17,811 companies, not a prediction for GM 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 €60,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.78 (1.51 in 2023), above the usual 1.5. Short-term debt is 25% and cash 1% of total assets. 37.3% of the assets are financed with debt and provisions.
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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 31-05-2025 was due by 31-12-2025 and was filed on 17-10-2025, 75 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
75 days early
2023
19 days early
2022
on the day
2021
24 days late
2020
26 days late
2019
18 days late
2018
20 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 1 day before the deadline. In the sector (NACE 70), the median for financial year 2023 was 7 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (1)
Recent changes
Amendment of the articles
Gazette deed
Appointment: BEYERS Marleen Nancy (director)
“Het beheer van een patrimonium,samengesteld uit onroerende en roerende goederen,het valoriseren en…” (deed in Dutch) · Gazette deed
Appointment: Mertens Guy (director)
General meeting of 04-12-2023 · Gazette deed
Registered office moved within Hoogstraten
New registered office: Deken Lauwerysstraat 2, 2320 Hoogstraten · Previous registered office: Buizelstraat 6, 2320 Hoogstraten · Board meeting of 04-09-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GM PROJECTS Hoogstraten | €1.0m | €589,602 | 62.7% | - |
| FLEETEXPERT Kapellen | €1.1m | €572,824 | 80.0% | 5.9 |
| KUEMKA Berlaar | €1.0m | €553,784 | 84.2% | - |
| ADCORPORATE ANTWERPEN Schilde | €1.0m | €716,251 | 4.4% | - |
| MiCiN Kapellen | €1.3m | €615,604 | 51.0% | 0 |
| The Human Link Antwerp | €0.9m | €612,155 | 45.5% | 7.1 |
| MAXSTER Nijlen | €1.2m | €620,144 | 86.9% | - |
These companies have the same main activity as GM PROJECTS: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €906,000 and €1.3m, founded between 2004 and 2010.
Official details
Source: KBO- Status
- Active since 06-06-2007Normal situation
- Activity
- Business and other management consultancyNACE 70200and 5 others
- Establishment unit
- 2.164.894.1042320 Hoogstraten, since 06-06-2007
- Financial year end
- 31 May
- Peppol
- Reachable
Annual accounts to 31-05-2025
- €1.0m
- Filing
- Filed on 17-10-2025, 75 days before the end of the filing period
Insights on GM PROJECTS
GM PROJECTS files the micro format. That format states no turnover. The gross margin rose from €32,446 in 2008 to €589,602 in 2025.
The balance sheet grew most from 2016 to 2018 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GM PROJECTS
- What is the company number of GM PROJECTS?
- The company number of GM PROJECTS is 0889.868.397. The VAT number is the same number with BE in front: BE 0889.868.397.
- Where is GM PROJECTS based?
- The registered office is at Deken Lauwerysstraat 2, 2320 Hoogstraten.Company details
- What does GM PROJECTS do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of GM PROJECTS?
- GM PROJECTS is a private limited company (BV).
- When was GM PROJECTS founded?
- GM PROJECTS was founded on 06-06-2007.
- Is GM PROJECTS still active?
- Yes, GM PROJECTS is an active enterprise in the KBO register.
- What is the turnover of GM PROJECTS?
- The turnover in financial year 2025 is ≈ €840,000. This figure is estimated from the gross margin of €589,602 and 95 comparable companies (NACE 70200). It probably lies between €700,000 and €1.5m.Financials
- Is GM PROJECTS profitable?
- In financial year 2025, GM PROJECTS made a profit of €269,957.
- Where can I find the annual accounts of GM PROJECTS?
- GM PROJECTS filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
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