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GPF1

Active
Public limited companyfounded 2013active for 13 yearsSart d'Avette 110, 4400 Flémalle, BelgiumKBO/BCE: BE 0541.413.913
Summary

GPF1 has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of €215,933. Equity has been shrinking by about 2.6% per year since 2018. Its solvency ranks better than 47% of 5,796 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Official details

Source: KBO
Status
Active since 24-10-2013 Normal situation
Registered office
21 active companies are registered at this address Source: KBO register, as of 2 November 2026.
Activity
Renting and operating of own or leased non-residential real estate, excluding land NACE 68203
Establishment unit
2.230.507.080 4400 Flémalle, since 31-03-2014
Financial year end
31 December
Peppol
Reachable since 25-11-2025

Board and ownership

Board
  • CoGe4Managing director · permanent representative Raphaël GRIMONT
  • FINAWIRSManaging director · permanent representative Germain PORTIER
  • COGE4 SRLManaging director
and 1 other
Auditor
BDO
Shareholders
  • GPImmo· score 872025 annual accounts of GPImmo

Financial position

89 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Annual accounts 2025
Gross margin
€713,978
▲ 69.8%
Turnover
≈ €790,000
estimated
Profit
€215,933
Equity
€1.5m
▲ 16.6%
Total assets
€4.3m
▲ 1.7%
Score breakdownraises riskLiquidity: current ratio 0.21, cash €36lowers riskSize: total assets €4.3mFounded in 2013Figures for financial year 2025 (filed on 28-04-2026)Show the evidence

Checked score

Score 2025
89 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 64% of small companies in real estate (NACE 68)
Financial strength · tick: 2024
Strong
Solvency 60+4
equity 34.9% of total assets
Liquidity 44+2
short-term debt 19.9% · cash 0.0%
Profitability 75+19
return on assets 5.1%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (6,993 companies, NACE 68, small)
Last 24 months 12-2024: 0.1%lowest value 01-2025: 0.1%● unchanged vs 12-2024lowest value 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.2 percentage points vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026highest value 05-2026: 0.2%▼ -0.1 percentage points vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026 11-2026: 0.2%● unchanged vs 10-2026
Credit of up to €130,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.21 (0.06 in 2024), below 1. Short-term debt is 19.9% and cash 0% of total assets. 65.1% of the assets are financed with debt and provisions.
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 68, small). It does better than 55% of them on solvency, 39% on liquidity, 84% on profitability and 79% on growth.

The bankruptcy probability was computed on 01-11-2026 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

Six signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.21, cash €36
NBB · annual accounts
lowers risk · Size: total assets €4.3m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 2013
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Figures for financial year 2025 (filed on 28-04-2026)
NBB · annual accounts
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 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.5m
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 filings
Deviation from the deadline
2025
94 days early
2024
59 days early
2023
71 days early
2022
84 days early
2021
19 days early
2020
74 days early
2019
80 days early
← 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 69 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 May (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Back in profit in 2025after a loss of €22,621 in 2024 €215,933 View
  • Positive: 3rd largest company by total assets in Flémalle, Real estate sectorin the Checked rankings No. 3 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Directors leftlatest change 24-04-2026 · 4 in office 2 left View

Recent changes

  1. · Gazette deed Reappointments: COGE4 SRL, FINAWIRS SA and BDOResignations: GP IMMO, Pierre PORTIER and Germain PORTIER · Permanent representatives: Germain PORTIER and Pierre PORTIER
  2. · Gazette deed Appointments: FINAWIRS (director) and CoGe4 (director)Permanent representatives: Pierre PORTIER and Germain PORTIER
  3. · Gazette deed Reappointments: FINAWIRS S.A., Raphaël GRIMONT and 2 othersPermanent representatives: Pierre PORTIER, Paul PORTIER and Christian SCHMETS
All 20 events

Comparable companies

These companies have the same main activity as GPF1: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €3.5m and €5.1m, founded between 2011 and 2017.

CompanyTotal assetsGross margin
GPF1 Flémalle€4.3m€0.7m
GREGORY WATHELET IMMO Clavier€3.5m€0.6m
SCHOM INVEST Lummen€4.4m€0.8m
Trinity Real Estate Genk€4.0m€0.7m
FIDEVO Antwerpen€5.1m€0.8m
IMMO LARUELLE Verlaine€3.5m€1.0m
INDL Sprimont€5.0m€0.5m
Full comparison

Key facts about GPF1

What is the company number of GPF1?
The company number of GPF1 is 0541.413.913. The VAT number is the same number with BE in front: BE 0541.413.913.
Where is GPF1 based?
The registered office is at Sart d'Avette 110, 4400 Flémalle.Company details
What does GPF1 do?
According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
What is the legal form of GPF1?
The legal form of GPF1 is Public limited company (NV).
When was GPF1 founded?
GPF1 was founded on 24-10-2013.
Is GPF1 still active?
Yes, GPF1 is an active enterprise in the KBO register.
What is the turnover of GPF1?
The turnover in financial year 2025 is ≈ €790,000. This figure is estimated from the gross margin of €713,978 and 39 comparable companies (NACE 68203). It probably lies between €750,000 and €980,000. In financial year 2022 turnover was €1.0m.Financials
Is GPF1 profitable?
In financial year 2025, GPF1 made a profit of €215,933.
Where can I find the annual accounts of GPF1?
GPF1 filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of GPF1 due?
GPF1 must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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