GP-Projects
ActiveSummary
GP-Projects has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42,582 and a net result of €19,724. Its solvency ranks better than 59% of 34,972 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 25-01-2024 Normal situation
- Activity
- General electrical installation work NACE 43211and 5 others
- Establishment unit
- 2.356.776.336 1755 Pajottegem, since 25-01-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 05-02-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.8%
- Gross margin
- €28,943
- ▲ 4.8%
- Turnover
- ≈ €130,000
- estimated
- Profit
- €19,724
- ▲ 1.9%
- Equity
- €42,582
- ▲ 86.3%
- Total assets
- €77,869
- ▲ 73.6%
- 2025 accounts filed 21 days after the deadline
Score breakdownraises riskSize: total assets €77,869Founded in 2024lowers riskLiquidity: current ratio 2.21, cash €22,173Equity €42,582 (54.7% of total assets)Show the evidence
Checked score
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 43, micro). It does better than 60% of them on solvency, 62% on liquidity, 92% on profitability and 90% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 2 accounts on average 25 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 21 days after the deadline Filed on 21 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00414678.
Annual accounts 2025 filed on 21-08-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 1% higher than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | €1,391 | €2,376 | ▲ 70.8% |
| Gross operating margin9900 | €27,611 | €28,943 | ▲ 4.8% |
| Operating profit (loss)9901 | €26,220 | €26,566 | ▲ 1.3% |
| Financial income75/76B | €4 | €5 | ▲ 15.9% |
| Recurring financial income75 | €4 | €5 | ▲ 15.9% |
| Financial charges65/66B | €1,232 | €881 | ▼ 28.5% |
| Recurring financial charges65 | €1,232 | €881 | ▼ 28.5% |
| Profit (loss) for the period before taxes9903 | €24,992 | €25,691 | ▲ 2.8% |
| Income taxes67/77 | €5,635 | €5,966 | ▲ 5.9% |
| Profit (loss) for the period9904 | €19,357 | €19,724 | ▲ 1.9% |
| Profit (loss) for the period to be appropriated9905 | €19,357 | €19,724 | ▲ 1.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €44,860 | €77,869 | ▲ 73.6% |
| Current assets29/58 | €44,860 | €77,869 | ▲ 73.6% |
| Stocks and contracts in progress3 | €1,578 | €16,808 | ▲ 965% |
| Stocks30/36 | €1,578 | €16,808 | ▲ 965% |
| Amounts receivable within one year40/41 | €33,280 | €35,775 | ▲ 7.5% |
| Trade receivables40 | €24,577 | €27,144 | ▲ 10.4% |
| Other amounts receivable41 | €8,703 | €8,632 | ▼ 0.8% |
| Cash at bank and in hand54/58 | €6,953 | €22,173 | ▲ 219% |
| Deferred charges and accrued income490/1 | €3,048 | €3,114 | ▲ 2.1% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €44,860 | €77,869 | ▲ 73.6% |
| Equity10/15 | €22,857 | €42,582 | ▲ 86.3% |
| Contributions10/11 | €3,500 | €3,500 | = |
| Profit (loss) carried forward14 | €19,357 | €39,082 | ▲ 102% |
| Amounts payable17/49 | €22,003 | €35,288 | ▲ 60.4% |
| Amounts payable within one year42/48 | €22,003 | €35,288 | ▲ 60.4% |
| Financial debts43 | €3,392 | - | - |
| Credit institutions430/8 | €3,392 | - | - |
| Trade debts44 | €10,802 | €22,278 | ▲ 106% |
| Suppliers440/4 | €10,802 | €22,278 | ▲ 106% |
| Taxes, remuneration and social security45 | €2,400 | €6,716 | ▲ 180% |
| Taxes450/3 | €2,400 | €6,716 | ▲ 180% |
| Other amounts payable47/48 | €5,409 | €6,294 | ▲ 16.4% |
Historical observation
In July 2024, 39,278 companies had the same profile as GP-Projects has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GP-Projects itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,446 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 39,278 companies, not a prediction for GP-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.
Board & ownership
Directors
Owners and capital
Shareholders
- PLAS Gregory Wim 350 shares (100%) · €3,500
Capital transactions
- 29-01-2024 Incorporation · €3,500 · 350 shares
Articles of association
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Gelijk recht in de winstverdeling en in het vereffeningsaldo, 350”
Articles of association, deed of 29-01-2024 (in Dutch)
Network & group
Companies at the same address
3 other companiesConnections & network
2 connected companiesThe connected companies are in the list below.
Timeline
Acts, filings and financial milestones
29-01
Gazette deed
IncorporationStarting capital €3,500 · Appointment: PLAS Gregory Wim (director) · Founder19 points ▸
- Founder, PLAS Gregory Wim
- Other provision, “bekwaamheid en identiteit comparant” (deed in Dutch)
- Other provision, “huwelijksvermogensstelsel, wettelijk stelsel bij ontstentenis van huwelijkscontract” (deed in Dutch)
- Other provision, “toelichting en voorlezing akte” (deed in Dutch)
- Other provision, “ontwerp en afzien volledige voorlezing” (deed in Dutch)
- Incorporation, “GP-Projects” (deed in Dutch)
- Founding capital, €3,500
- PLAS Gregory Wim holds 350 shares
- Bank account, 3500, “vennootschap in oprichting” (deed in Dutch)
- Other provision, 23-01-2024
- Other provision, “bevestiging deponering”, 3500 (deed in Dutch)
- Registered office clause, “1755Kester,Berghomstraat41” (deed in Dutch)
- The act holds 7 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
On 25 January 2024, GP-Projects was incorporated as a private limited company by one natural person, with a starting capital of €3,500.12 PLAS Gregory Wim is director of the company, appointed in the act of 29-01-2024.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
15 activities
- Het onderhoud en de reparatie van verwarmings-,sanitaire en elektrische installaties,
- Vervaardigen van metalen werkstukken voor rekening van derden,
- Onderhouds- en herstellingswerken van mechanische aard voor rekening van derden,
- Vervaardiging van meubels,
- Grondverzet,
- Uitvoeren van boringen voor het leggen van kabels,aanleg van pijpleidingen,telecomleidingen en hoogspanningsleidingen,
- Installatie van stores,en zonneschermen,garagepoorten,luiken,zonneblinden in metaal,
- Handelsbemiddeling in bouwmaterialen,elektrisch en elektronisch materiaal,loodgietersmateriaal,elektrisch installatiemateriaal voor huishoudelijk gebruik en verwarmingsinstallaties,
- Reparatie van elektrische huishoudapparaten,
- Toezien op bouwwerkzaamheden,
- Schoorsteenvegen en het schoonmaken van vuurplaatsen,kachels,ovens,ketels van centrale verwarming,ventilatiekanalen en uitlaatsystemen.
- Het laten bouwen en verbouwen,afbreken,kopen en verkopen,verkavelen,huren en verhuren,ruilen,het instaat van urbanisatie brengen van alle onroerende goederen,het nemen en afstaan van optierechten voor het kopen en verkopen van deze goederen,het beheer van alle eigendommen,zowel roerende als onroerende.
- Het beheer,de instandhouding en valorisatie van een onroerend patrimonium met inbegrip van het onderhoud,de verbouwing,bebouwing en verhuring ervan;zo nodig de verkaveling van de gronden der vennootschap.
- Het beheer,de instandhouding en valorisatie van een roerend patrimonium,met inbegrip van het onderhoud en verhuring ervan.
- Het verwerven van participaties in alle commerciële,industriële en financiële ondernemingen,zowel Belgische als buitenlandse.Zij zal haar middelen aanwenden voor de samenstelling,het beheer,de tegeldemaking en de vereffening van een portefeuille,bestaande uit aandelen,obligaties en ander effecten,evenals tot het verwerven,exploiteren en vervreemden van brevetten en andere intellectuele rechten.
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1005.173.881
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23040D0074/00H000 | Flanders | 2,321 m² | 1 · 226 m² | 7.2 m · 2 |