GP ENGINEERING
ActiveSummary
The computed 12-month bankruptcy probability of GP ENGINEERING is 2.0% (moderate). The 2025 annual accounts show equity of €47k and a net result of €42k. Equity is growing by ~25.6% per year across the filed fiscal years. Its solvency ranks better than 82% of 7500 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
Score 2025
Axes · tick = 2024
Profitability100▲+6
Solvency99▼-1
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 3.62 against 5.01 in 2024; short-term debt: 26.2% and cash: 51.9% of total assets), and 26.2% of the assets are financed with debt.
Credit check 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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
73.8%
Return on assets
65.2%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 02-10-2025, 29 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
29 d early
2024
20 d early
2023
1 d early
2022
7 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€47k▼ 38.8%
2024 · €78k
2022: €30klowest in 4 years
2023: €57k▲ +87.9% vs 2022
2024: €78k▲ +36.9% vs 2023highest in 4 years
2025: €47k▼ -38.8% vs 2024
2022 → 2025
Total assets
€64k▼ 30.6%
2024 · €93k
2022: €41klowest in 4 years
2023: €69k▲ +68.6% vs 2022
2024: €93k▲ +33.4% vs 2023highest in 4 years
2025: €64k▼ -30.6% vs 2024
2022 → 2025
Net result
€42k▲ 101%
2024 · €21k
2022: €28k
2023: €27k▼ -4.1% vs 2022
2024: €21k▼ -21.2% vs 2023lowest in 4 years
2025: €42k▲ +101% vs 2024highest in 4 years
2022 → 2025
Working capital
€44k▼ 27.1%
2024 · €61k
2022: €30klowest in 4 years
2023: €57k▲ +87.9% vs 2022
2024: €61k▲ +6.9% vs 2023highest in 4 years
2025: €44k▼ -27.1% vs 2024
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€30k-€57k▲ 87.9%€78k▲ 36.9%€47k▼ 38.8%
2022: €30klowest in 4 years
2023: €57k▲ +87.9% vs 2022
2024: €78k▲ +36.9% vs 2023highest in 4 years
2025: €47k▼ -38.8% vs 2024
Operating result€35k-€34k▼ 0.6%€30k▼ 14.0%€56k▲ 88.8%
2022: €35k
2023: €34k▼ -0.6% vs 2022
2024: €30k▼ -14.0% vs 2023lowest in 4 years
2025: €56k▲ +88.8% vs 2024highest in 4 years
Net result€28k-€27k▼ 4.1%€21k▼ 21.2%€42k▲ 101%
2022: €28k
2023: €27k▼ -4.1% vs 2022
2024: €21k▼ -21.2% vs 2023lowest in 4 years
2025: €42k▲ +101% vs 2024highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 89% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €64k
Fixed assets
€3k ▼ 80.2%
Current assets
€61k ▼ 19.4%
Equity and liabilities €64k
Equity
€47k ▼ 38.8%
Debt
€17k ▲ 11.6%
Debt's share of the balance-sheet total rises from 16.3% to 26.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€56k
Cash flow
€42k
Current ratio
3.62▼
2024 · 5.01
Debt to equity
0.36▲
2024 · 0.19
ROE
88.3%▲
2024 · 26.9%
ROA
65.2%▲
2024 · 22.5%
Interest coverage
22.71
Debt ≤ 1 year
€17k▲
2024 · €15k
Income taxes
€12k▲
2024 · €6k
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 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€93k€64k▼
Fixed assets21/28€17k€3k▼
Tangible fixed assets22/27-€3k
Land and buildings22-€3k
Financial fixed assets28€17k€0▼
Current assets29/58€76k€61k▼
Amounts receivable within one year40/41€12k€20k▲
Trade receivables40€12k€20k▲
Cash at bank and in hand54/58€62k€33k▼
Deferred charges and accrued income490/1€2k€7k▲
Equity and liabilities
Total equity and liabilities10/49€93k€64k▼
Equity10/15€78k€47k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€75k€45k▼
Amounts payable17/49€15k€17k▲
Amounts payable within one year42/48€15k€17k▲
Trade debts44€845€19▼
Suppliers440/4€845€19▼
Taxes, remuneration and social security45€13k€16k▲
Taxes450/3€13k€16k▲
Other amounts payable47/48€2k€829▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€152
Other operating charges640/8€232€776▲
Gross operating margin9900€30k€57k▲
Operating profit (loss)9901€30k€56k▲
Financial income75/76B€358€374▲
Recurring financial income75€358€374▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€27k€54k▲
Income taxes67/77€6k€12k▲
Profit (loss) for the period9904€21k€42k▲
Profit (loss) for the period to be appropriated9905€21k€42k▲
Appropriation of the result
Profit (loss) to be appropriated9906€75k€117k▲
Profit (loss) brought forward from the previous period14P€54k€75k▲
Profit to be distributed694/7-€72k
Return on contributions (dividend)694-€72k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €152 | - |
| Other operating charges640/8 | - | €157 | €232 | €776 | ▲ 234% |
| Gross operating margin9900 | €35k | €35k | €30k | €57k | ▲ 90.5% |
| Operating profit (loss)9901 | €35k | €34k | €30k | €56k | ▲ 88.8% |
| Financial income75/76B | - | - | €358 | €374 | ▲ 4.3% |
| Recurring financial income75 | - | - | €358 | €374 | ▲ 4.3% |
| Financial charges65/66B | €23 | €923 | €3k | €2k | ▼ 10.0% |
| Recurring financial charges65 | €23 | €923 | €3k | €2k | ▼ 10.0% |
| Profit (loss) for the period before taxes9903 | €35k | €33k | €27k | €54k | ▲ 97.7% |
| Income taxes67/77 | €7k | €7k | €6k | €12k | ▲ 87.3% |
| Profit (loss) for the period9904 | €28k | €27k | €21k | €42k | ▲ 101% |
| Profit (loss) for the period to be appropriated9905 | €28k | €27k | €21k | €42k | ▲ 101% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €41k | €69k | €93k | €64k | ▼ 30.6% |
| Fixed assets21/28 | - | - | €17k | €3k | ▼ 80.2% |
| Tangible fixed assets22/27 | - | - | - | €3k | - |
| Land and buildings22 | - | - | - | €3k | - |
| Financial fixed assets28 | - | - | €17k | €0 | ▼ 100% |
| Current assets29/58 | €41k | €69k | €76k | €61k | ▼ 19.4% |
| Amounts receivable within one year40/41 | €11k | €10k | €12k | €20k | ▲ 63.9% |
| Trade receivables40 | €11k | €10k | €12k | €20k | ▲ 63.9% |
| Cash at bank and in hand54/58 | €30k | €59k | €62k | €33k | ▼ 45.9% |
| Deferred charges and accrued income490/1 | - | €869 | €2k | €7k | ▲ 380% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €41k | €69k | €93k | €64k | ▼ 30.6% |
| Equity10/15 | €30k | €57k | €78k | €47k | ▼ 38.8% |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €28k | €54k | €75k | €45k | ▼ 40.1% |
| Amounts payable17/49 | €11k | €13k | €15k | €17k | ▲ 11.6% |
| Amounts payable within one year42/48 | €11k | €13k | €15k | €17k | ▲ 11.6% |
| Trade debts44 | €2k | €2k | €845 | €19 | ▼ 97.7% |
| Suppliers440/4 | €2k | €2k | €845 | €19 | ▼ 97.7% |
| Taxes, remuneration and social security45 | €9k | €10k | €13k | €16k | ▲ 26.6% |
| Taxes450/3 | €9k | €10k | €13k | €16k | ▲ 26.6% |
| Other amounts payable47/48 | €453 | €1k | €2k | €829 | ▼ 48.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28k | €27k | €21k | €42k | ▲ 101% |
| + Depreciation and write-downs630 | - | - | - | €152 | - |
| Operating cash flow (approximation) | €28k | €27k | €21k | €42k | ▲ 102% |
| Investment in fixed assets (approximation) | - | - | - | €13k | - |
| Change in cash | - | €29k | €3k | €-28k | ▼ 1,084% |
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
2025
02-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2022net €42k ▲101%
Operating result €56k, net result €42k, both a record.
2024
11-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Weakest financial yearnet €21k ▼21.2%
Net result drops to €21k, the lowest in the series; recovery starts the following year.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
24-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Diepenbeek · 1 establishment unit since 2021
Ground area
1,439 m²
Building footprint
118 m²
Volume, LiDAR
763 m³
Parcel 71402D0788/00N003, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GP ENGINEERING
since 20212.319.765.787
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71402D0788/00N003 | Flanders | 1,439 m² | 1 · 118 m² | 9.6 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.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 693 EUR awarded · 693 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 75 EUR | 75 EUR |
| 2023 | 1 | 618 EUR | 618 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 13,048 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
Founded20-07-2021
Fiscal year end31-03
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.