Summary
GMP PROJECTS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €68,573 and a net result of €53,809. Equity is growing by ~32.6% per year across the filed fiscal years. Its solvency ranks better than 34% of 8091 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 09-03-2026, 144 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
144 d early
2024
27 d late
2023
27 d early
2022
30 d late
2021
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 17 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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. Usually files around 27 August (4 of the last 5 filed years within 53 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€68,573▼ 18.7%
2024 · €84,396
Net result
€53,809▼ 22.7%
2024 · €69,578
Total assets
€221,771▲ 47.8%
2024 · €150,033
Solvency
30.9%▼ 25.3pp
2024 · 56.3%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€15,150-€20,200▲ 33.3%€31,962▲ 58.2%€90,156▲ 182%€76,749▼ 14.9%
Net result€10,764within the sector's middle half-€15,725within the sector's middle half▲ 46.1%€24,329within the sector's middle half▲ 54.7%€69,578within the sector's middle half▲ 186%€53,809within the sector's middle half▼ 22.7%
Equity€14,764below the sector's middle half-€30,489below the sector's middle half▲ 107%€54,817within the sector's middle half▲ 79.8%€84,396within the sector's middle half▲ 54.0%€68,573within the sector's middle half▼ 18.7%
Total assets€26,257below the sector's middle half-€54,071below the sector's middle half▲ 106%€76,221below the sector's middle half▲ 41.0%€150,033within the sector's middle half▲ 96.8%€221,771within the sector's middle half▲ 47.8%
Debt€11,493-€23,582▲ 105%€21,404▼ 9.2%€65,637▲ 207%€153,198▲ 133%
Working capital€14,764within the sector's middle half-€23,393within the sector's middle half▲ 58.4%€45,790within the sector's middle half▲ 95.7%€66,898within the sector's middle half▲ 46.1%€19,901within the sector's middle half▼ 70.3%
Solvency56.2%within the sector's middle half-56.4%within the sector's middle half▲ 0.2pp71.9%within the sector's middle half▲ 15.5pp56.3%within the sector's middle half▼ 15.7pp30.9%within the sector's middle half▼ 25.3pp
Current ratio2.28within the sector's middle half-3.95within the sector's middle half▲ 1.665.53above the sector's middle half▲ 1.582.14within the sector's middle half▼ 3.391.19within the sector's middle half▼ 0.95
Return on assets (ROA)41.0%above the sector's middle half-29.1%above the sector's middle half▼ 11.9pp31.9%above the sector's middle half▲ 2.8pp46.4%above the sector's middle half▲ 14.5pp24.3%within the sector's middle half▼ 22.1pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €221,771
Fixed assets
€95,887 ▲ 294%
Current assets
€125,883 ▲ 0.2%
Equity and liabilities €221,771
Equity
€68,573 ▼ 18.7%
Debt
€153,198 ▲ 133%
Debt's share of the balance-sheet total rises from 43.7% to 69.1%. Equity is lower and debt is higher.
Key figures and ratios
ROE
78.5%▼
2024 · 82.4%
Debt ≤ 1 year
€105,982▲
2024 · €58,784
Debt > 1 year
€47,216▲
2024 · €6,853
Income taxes
€22,294▲
2024 · €20,422
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €158 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,634 | €1,442 | €2,419 | €2,438 | €8,392 | ▲ 244% |
| Other operating charges640/8 | €4,034 | €9,621 | €5,207 | €1,010 | €1,153 | ▲ 14.1% |
| Gross operating margin9900 | €20,818 | €31,420 | €39,588 | €93,605 | €86,294 | ▼ 7.8% |
| Operating profit (loss)9901 | €15,150 | €20,200 | €31,962 | €90,156 | €76,749 | ▼ 14.9% |
| Financial income75/76B | - | €45 | €9 | €376 | €532 | ▲ 41.8% |
| Recurring financial income75 | - | €45 | €9 | €376 | €532 | ▲ 41.8% |
| Financial charges65/66B | €67 | €272 | €578 | €531 | €1,179 | ▲ 122% |
| Recurring financial charges65 | €67 | €272 | €578 | €531 | €1,179 | ▲ 122% |
| Profit (loss) for the period before taxes9903 | €15,083 | €19,972 | €31,393 | €90,000 | €76,103 | ▼ 15.4% |
| Income taxes67/77 | €4,319 | €4,247 | €7,064 | €20,422 | €22,294 | ▲ 9.2% |
| Profit (loss) for the period9904 | €10,764 | €15,725 | €24,329 | €69,578 | €53,809 | ▼ 22.7% |
| Profit (loss) for the period to be appropriated9905 | €10,764 | €15,725 | €24,329 | €69,578 | €53,809 | ▼ 22.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €26,257 | €54,071 | €76,221 | €150,033 | €221,771 | ▲ 47.8% |
| Fixed assets21/28 | - | €22,746 | €20,327 | €24,351 | €95,887 | ▲ 294% |
| Tangible fixed assets22/27 | - | €22,746 | €20,327 | €24,351 | €95,887 | ▲ 294% |
| Land and buildings22 | - | €9,389 | €8,374 | €7,359 | €6,344 | ▼ 13.8% |
| Plant, machinery and equipment23 | - | €13,357 | €11,953 | €16,992 | €15,266 | ▼ 10.2% |
| Furniture and vehicles24 | - | - | - | - | €74,278 | - |
| Current assets29/58 | €26,257 | €31,325 | €55,895 | €125,682 | €125,883 | ▲ 0.2% |
| Amounts receivable within one year40/41 | €11,060 | €14,480 | €26,563 | €936 | €39,906 | ▲ 4,165% |
| Trade receivables40 | €11,060 | €10,000 | €24,200 | €0 | €24,200 | - |
| Other amounts receivable41 | - | €4,480 | €2,363 | €936 | €15,706 | ▲ 1,579% |
| Current investments50/53 | - | - | - | €50,000 | €50,000 | = |
| Cash at bank and in hand54/58 | €15,197 | €16,845 | €28,924 | €74,302 | €33,463 | ▼ 55.0% |
| Deferred charges and accrued income490/1 | - | - | €407 | €444 | €2,513 | ▲ 467% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €26,257 | €54,071 | €76,221 | €150,033 | €221,771 | ▲ 47.8% |
| Equity10/15 | €14,764 | €30,489 | €54,817 | €84,396 | €68,573 | ▼ 18.7% |
| Contributions10/11 | €4,000 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Reserves13 | €10,764 | €10,764 | €10,764 | €10,764 | €64,573 | ▲ 500% |
| Distributable reserves133 | €10,764 | €10,764 | €10,764 | €10,764 | €64,573 | ▲ 500% |
| Profit (loss) carried forward14 | - | €15,725 | €40,054 | €69,632 | €0 | ▼ 100% |
| Amounts payable17/49 | €11,493 | €23,582 | €21,404 | €65,637 | €153,198 | ▲ 133% |
| Amounts payable after more than one year17 | - | €15,650 | €11,299 | €6,853 | €47,216 | ▲ 589% |
| Financial debts170/4 | - | €15,650 | €11,299 | €6,853 | €47,216 | ▲ 589% |
| Amounts payable within one year42/48 | €11,493 | €7,933 | €10,105 | €58,784 | €105,982 | ▲ 80.3% |
| Current portion of amounts payable after more than one year42 | - | €4,257 | €4,350 | €4,446 | €15,923 | ▲ 258% |
| Trade debts44 | €2,545 | €892 | €944 | €6,059 | €424 | ▼ 93.0% |
| Suppliers440/4 | €2,545 | €892 | €944 | €6,059 | €424 | ▼ 93.0% |
| Taxes, remuneration and social security45 | €8,948 | €2,784 | €4,810 | €11,777 | €25,333 | ▲ 115% |
| Taxes450/3 | €8,948 | €2,784 | €4,810 | €11,777 | €25,333 | ▲ 115% |
| Other amounts payable47/48 | - | - | - | €36,502 | €64,301 | ▲ 76.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,764 | €15,725 | €24,329 | €69,578 | €53,809 | ▼ 22.7% |
| + Depreciation and write-downs630 | €1,634 | €1,442 | €2,419 | €2,438 | €8,392 | ▲ 244% |
| Operating cash flow (approximation) | €12,398 | €17,167 | €26,748 | €72,017 | €62,201 | ▼ 13.6% |
| Investment in fixed assets (approximation) | - | - | €0 | -€6,463 | -€79,928 | ▼ 1,137% |
| Change in cash | - | €1,648 | €12,079 | €45,378 | -€40,839 | ▼ 190% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Highest result since 2021net €69,578 ▲186%
Operating result €90,156, net result €69,578, both a record.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Kapellen · 1 establishment unit since 2021
Ground area
709 m²
Building footprint
137 m²
Volume, LiDAR
692 m³
Parcel 11902G0051/00T004, Flanders · tallest building 16.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GMP PROJECTS
since 20212.313.790.785
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11902G0051/00T004 | Flanders | 709 m² | 1 · 137 m² | 16.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 11,332 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
43221Plumbing work
70100Activities of head offices
E-invoicing
Reachable via Peppol
Peppol ID
0208:0763711088
Also
9925:BE0763711088
Registered
01-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.