GPF1
ActiveGPF1 has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.49M and a net result of €216k. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 47% of 4512 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+19
Solvency60▲+4
Growth39=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity short (current ratio 0.21 against 0.06 in 2024; short-term debt: 19.9% and cash: 0% of total assets), and 65.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
34.9%
Return on assets
5.1%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.49M
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 28-04-2026, 94 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
94 d early
2024
59 d early
2023
71 d early
2022
84 d early
2021
19 d early
2020
74 d early
2019
80 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€1.05M▲ 7.9%
2021 · €971k
2018: €847k
2019: €824k
2020: €940k
2021: €971k
2018 → 2022
EBIT margin
30.7%▲ 22.2pp
2021 · 8.6%
2018: 34.1%
2019: 19.6%
2020: 21.3%
2021: 8.6%
2018 → 2022
Net result
€216k
2024 · €-23k
2018: €235k
2019: €120k
2020: €161k
2021: €-5k
2022: €204k
2023: €176k
2024: €-23k
2018 → 2025
Working capital
€-672k▲ 24.7%
2024 · €-892k
2018: €240k
2019: €220k
2020: €-310k
2021: €-838k
2022: €-692k
2023: €-923k
2024: €-892k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€971k-€1.05M▲ 7.9%
Equity€1.29M-€1.63M▲ 26.6%€1.30M▼ 20.1%€1.28M▼ 2.1%€1.49M▲ 16.6%
Operating result€83k-€322k▲ 288%€296k▼ 7.9%€41k▼ 86.1%€341k▲ 729%
Net result€-5k-€204k€176k▼ 13.9%€-23k€216k
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 729% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.26M
Fixed assets
€4.08M▼ 1.3%
Current assets
€178k▲ 236%
Equity and liabilities €4.26M
Equity
€1.49M▲ 16.6%
Debt
€2.77M▼ 4.8%
The debt ratio falls from 69.5% to 65.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€606k▲
2024 · €317k
Cash flow
€481k▲
2024 · €253k
Solvency
34.9%▲
2024 · 30.5%
Current ratio
0.21▲
2024 · 0.06
Quick ratio
0.21▲
2024 · 0.06
Debt / equity
1.86▼
2024 · 2.28
ROE
14.5%▲
2024 · -1.8%
ROA
5.1%▲
2024 · -0.5%
Interest coverage
10.30▲
2024 · 4.55
Debt
€2.77M▼
2024 · €2.91M
Debt ≤ 1 year
€850k▼
2024 · €945k
Debt > 1 year
€1.39M▼
2024 · €1.51M
Income taxes
€71k▲
2024 · €-1k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.19M€4.26M▲
Formation expenses20€0€0=
Fixed assets21/28€4.14M€4.08M▼
Tangible fixed assets22/27€4.08M€4.02M▼
Land and buildings22€4.08M€4.02M▼
Financial fixed assets28€57k€63k▲
Current assets29/58€53k€178k▲
Amounts receivable within one year40/41€52k€165k▲
Trade receivables40€27k€165k▲
Other amounts receivable41€25k-
Current investments50/53€1k€13k▲
Cash at bank and in hand54/58€36€36=
Equity and liabilities
Total equity and liabilities10/49€4.19M€4.26M▲
Equity10/15€1.28M€1.49M▲
Contributions10/11€149k€149k=
Capital10€149k€149k=
Issued capital100€149k€149k=
Reserves13€576k€576k=
Non-distributable reserves130/1€15k€15k=
Legal reserve130€15k€15k=
Tax-exempt reserves132€1k€1k=
Distributable reserves133€560k€560k=
Profit (loss) carried forward14€424k€640k▲
Investment grants15€129k€125k▼
Amounts payable17/49€2.91M€2.77M▼
Amounts payable after more than one year17€1.51M€1.39M▼
Financial debts170/4€1.50M€1.38M▼
Other amounts payable178/9€7k€7k=
Amounts payable within one year42/48€945k€850k▼
Current portion of amounts payable after more than one year42€154k€164k▲
Trade debts44€172k€193k▲
Suppliers440/4€172k€193k▲
Taxes, remuneration and social security45€2k€6k▲
Taxes450/3€2k€6k▲
Other amounts payable47/48€617k€488k▼
Accrued charges and deferred income492/3€458k€532k▲
Income statement
Code20242025
Non-recurring operating income76A€12k€7k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€275k€265k▼
Other operating charges640/8€104k€106k▲
Non-recurring operating charges66A-€1k
Gross operating margin9900€421k€714k▲
Operating profit (loss)9901€41k€341k▲
Financial income75/76B€5k€4k▼
Recurring financial income75€5k€4k▼
Financial charges65/66B€70k€59k▼
Recurring financial charges65€70k€59k▼
Profit (loss) for the period before taxes9903€-24k€287k▲
Income taxes67/77€-1k€71k▲
Profit (loss) for the period9904€-23k€216k▲
Profit (loss) for the period to be appropriated9905€-23k€216k▲
Appropriation of the result
Profit (loss) to be appropriated9906€424k€640k▲
Profit (loss) brought forward from the previous period14P€447k€424k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-09
State Gazette act
General meeting · Director reappointmentGeneral meeting · Director reappointment · Permanent representative11 facts ▸
State Gazette act
General meeting · Director reappointment
General meeting · Director reappointment · Permanent representative11 facts ▸
- General meeting, 2026-04-24
- Director reappointment, COGE4 SRL (administrateur délégué)
- Permanent representative, Raphaël GRIMONT
- Director reappointment, FINAWIRS SA (administrateur délégué)
- Permanent representative, Germain PORTIER
- Director resignation, GP IMMO (administrateur délégué)
- Director resignation, Pierre PORTIER (administrateur délégué)
- Director resignation, COGE4 SRL (personne déléguée à la gestion journalière)
- Director resignation, Germain PORTIER (représentant permanent)
- Director resignation, Pierre PORTIER (représentant permanent)
- Auditor reappointment, 3 ans, 2026-04-24
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €216k
Net result €216k after one loss-making year.
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-23k ▼113%
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
21-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
08-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €204k
Net result €204k after one loss-making year.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
18-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
12-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
24-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
15-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
15-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 directors, no change since 2026
CoGe4
CurrentManaging director · since 24-04-2026 · Private limited company · perm. rep.: Raphaël GRIMONT
FINAWIRS
CurrentManaging director · since 24-04-2026 · Public limited company · perm. rep.: Germain PORTIER
24-04-2026
CoGe4: Mandate renewed as Managing director
24-04-2026
CoGe4: Resigned as Personne déléguée à la gestion journalière
24-04-2026
FINAWIRS: Mandate renewed as Managing director
24-04-2026
GPImmo: Resigned as Managing director
24-04-2026
Pierre PORTIER: Resigned as Managing director
Location & real-estate footprint
Registered office, Flémalle · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Sart d'Avette 1104400 FlémalleGround area
1,543 m²
Building footprint
397 m²
Volume, LiDAR
2,456 m³
Parcel 62007A0161/00G000, Wallonia · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GPF1
since 20142.230.507.080
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62007A0161/00G000 | Wallonia | 1,543 m² | 1 · 397 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| BDOCurrent Auditor | 24-04-2026 → present |
Structure & network
Connections & network
4 connected companiesNetwork connections
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Similar companies · same sector, comparable size
Immo Bosduin
BE 0419.349.905
Kalmthout · Eq €1.49M
G & J INVEST
BE 0631.876.311
Wevelgem · Eq €1.49M
LAWSONS
BE 0427.656.271
Kortrijk · Eq €1.49M
IMMO G.H.
BE 0444.184.081
Sint-Martens-Latem · Eq €1.49M
IMMO HERBAFROST
BE 0469.919.072
Hulshout · Eq €1.49M
Of 12,016 companies in sector 68203 we hold annual accounts for 5,983. 3,871 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-10-2013
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:la@group-portier.be
Phone:04/273.72.00
Fax:04/275.65.09