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GPFI

Active
Private limited companyfounded 2011active for 14 yearsOorlogskruisenlaan 120, 1120 Brussels, BelgiumKBO/BCE: BE 0841.832.811
Summary

GPFI has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €48.5m and a net result of €9.8m. Equity has been growing by about 36% per year since 2018. Its solvency ranks better than 95% of 4,583 sector peers (NACE 70, financial year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow ReportCompare
GPFIActiveChecked score 58/100
Risk analysis ReportCompare

Overview

Overview

Official details

Source: KBO
Status
Active since 15-12-2011 Normal situation
Registered office
34 active companies are registered at this address Source: KBO register, as of 5 November 2026.
Activity
Business and other management consultancy NACE 70200
Establishment unit
2.205.190.278 1120 Brussels, since 15-12-2011
Financial year end
31 December
Peppol
Reachable
Company details

Board and ownership

Board
Holdings
Shares in 18 companies including DE PIJL and DEBA SQUARE
Board & ownership

Financial position

58 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2024
Gross margin
€9.6m
▼ 41.4%
Turnover
≈ €18.0m
estimated
Profit
€9.8m
▼ 39.5%
Equity
€48.5m
▲ 25.4%
Total assets
€48.9m
▲ 14.8%
  • 2025 accounts not filed, 97 days past the deadline
Financials
Score breakdownraises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed on 11-07-2025)lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Liquidity: current ratio 47.56, cash €13.4mSize: total assets €48.9mShow the evidence

Checked score

Score 2024
58 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 87% of large companies in head offices and management consultancy (NACE 70)
A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2023
Strong
Solvency 100=
equity 99.1% of total assets
Liquidity 84+6
short-term debt 0.9% · cash 27.4%
Profitability 88-12
return on assets 20.1%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.1% (204 companies, NACE 70, large)
Last 24 months 12-2024: < 0.1%lowest value 01-2025: < 0.1%● unchanged vs 12-2024 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: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: 0.1%▲ +0.1 percentage points vs 09-2026highest value 11-2026: 0.1%● unchanged vs 10-2026highest value
Credit of up to €2,800,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is ample, with a current ratio of 47.56 (4.42 in 2023), above the usual 1.5. Short-term debt is 0.9% and cash 27.4% of total assets. 0.9% 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 70, large). It does better than 75% of them on solvency, 96% on liquidity, 97% on profitability and 80% on growth.

The bankruptcy probability was computed on 04-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2024.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

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).

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2024 (filed on 11-07-2025)
NBB · annual accounts
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
lowers risk · Liquidity: current ratio 47.56, cash €13.4m
NBB · annual accounts
lowers risk · Size: total assets €48.9m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 97 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline05-11-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-07-2025, 22 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
22 days early
2023
22 days early
2022
54 days early
2021
54 days early
2020
32 days early
2019
28 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 35 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Financials

Financials · financial year 2024, full format

2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 5 November 2026.

Annual accounts 2024 filed on 09-07-2025 PDF all 13 filings

Turnover
€787,110
EBIT margin
99.3%
Net result
€9.8m▼ 39.5%
2023 · €16.3m
Working capital
€21.3m▲ 57.3%
2023 · €13.5m
Multi-year overview
2018 to 2024, 7 financial years
Turnover
no figure
2024
20182024
Operating result
€9.6m
▼ 41.4% 2024
20182024
Net result
€9.8m
▼ 39.5% 2024
highest quarter of the sector
20182024
EBIT margin
no figure
2024
20182024
Equity
€48.5m
▲ 25.4% 2024
highest quarter of the sector
20182024
Total assets
€48.9m
▲ 14.8% 2024
highest quarter of the sector
20182024
Debt
€456,776
▼ 88.5% 2024
20182024
Working capital
€21.3m
▲ 57.3% 2024
highest quarter of the sector
20182024
Solvency
99.1%
▲ 8.4pp 2024
highest quarter of the sector
20182024
Current ratio
47.56
▲ 43.14 2024
highest quarter of the sector
20182024
Return on assets (ROA)
20.1%
▼ 18.1pp 2024
highest quarter of the sector
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line2018201920202021202220232024
Turnover€0.8m-
Operating result€0.8m-€4.0m▲ 414%€2.7m▼ 31.8%€3.5m▲ 28.4%€4.8m▲ 35.0%€16.3m▲ 243%€9.6m▼ 41.4%
Net result€0.6m-€3.8m▲ 581%€2.7mabove the sector's middle half▼ 29.2%€3.5mabove the sector's middle half▲ 30.2%€4.8mabove the sector's middle half▲ 34.7%€16.3mabove the sector's middle half▲ 242%€9.8mabove the sector's middle half▼ 39.5%
EBIT margin99.3%-
Equity€7.6m-€11.4m▲ 50.6%€14.1mabove the sector's middle half▲ 23.8%€17.6mabove the sector's middle half▲ 25.0%€22.4mabove the sector's middle half▲ 26.9%€38.7mabove the sector's middle half▲ 72.6%€48.5mabove the sector's middle half▲ 25.4%
Total assets€15.7m-€16.5m▲ 5.1%€17.6mabove the sector's middle half▲ 6.6%€21.2mabove the sector's middle half▲ 20.3%€25.9mabove the sector's middle half▲ 21.9%€42.6mabove the sector's middle half▲ 64.8%€48.9mabove the sector's middle half▲ 14.8%
Debt€8.2m-€5.1m▼ 37.2%€3.5m▼ 31.5%€3.6m▲ 1.4%€3.5m▼ 3.0%€4.0m▲ 14.6%€0.5m▼ 88.5%
Working capital-€7.4m--€5.0m▲ 32.2%-€2.3mbelow the sector's middle half▲ 54.1%€1.2mabove the sector's middle half€2.3mabove the sector's middle half▲ 87.5%€13.5mabove the sector's middle half▲ 484%€21.3mabove the sector's middle half▲ 57.3%
Solvency48.1%-69.0%▲ 20.9pp80.1%above the sector's middle half▲ 11.1pp83.2%above the sector's middle half▲ 3.1pp86.6%above the sector's middle half▲ 3.4pp90.7%above the sector's middle half▲ 4.1pp99.1%above the sector's middle half▲ 8.4pp
Current ratio0.10-0.02▼ 0.070.35below the sector's middle half▲ 0.321.35within the sector's middle half▲ 1.001.67within the sector's middle half▲ 0.324.42above the sector's middle half▲ 2.7547.56above the sector's middle half▲ 43.14
Return on assets (ROA)3.6%-23.2%▲ 19.6pp15.4%above the sector's middle half▼ 7.8pp16.6%above the sector's middle half▲ 1.3pp18.4%above the sector's middle half▲ 1.7pp38.1%above the sector's middle half▲ 19.8pp20.1%above the sector's middle half▼ 18.1pp
above within below The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2024 is 41% lower than in 2023.

Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €48.9m
Fixed assets €27.2m ▲ 8.3%
Current assets €21.7m ▲ 24.3%
Equity and liabilities €48.9m
Equity €48.5m ▲ 25.4%
Debt €456,776 ▼ 88.5%
Debt's share of the balance-sheet total falls from 9.3% to 0.9%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
Debt to equity
0.01▼
2023 · 0.10
ROE
20.3%▼
2023 · 42.0%
Debt ≤ 1 year
€456,776▼
2023 · €4.0m
Income taxes
€3,251▲
2023 · -€2,249
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item2021202220232024
Financial fixed assets-€3.7m€5.6m€2.1m

Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 40 lines
Balance sheet Code20232024
Assets
Total assets20/58€42.6m€48.9m▲
Formation expenses20-€0
Fixed assets21/28€25.1m€27.2m▲
Financial fixed assets28€25.1m€27.2m▲
Current assets29/58€17.5m€21.7m▲
Amounts receivable after more than one year29€6.0m€6.0m=
Other amounts receivable291€6.0m€6.0m=
Amounts receivable within one year40/41€1.8m€2.3m▲
Trade receivables40€0.04m€0.6m▲
Other amounts receivable41€1.8m€1.6m▼
Cash at bank and in hand54/58€9.6m€13.4m▲
Deferred charges and accrued income490/1€0.01m€0.002m▼
Equity and liabilities
Total equity and liabilities10/49€42.6m€48.9m▲
Equity10/15€38.7m€48.5m▲
Contributions10/11€0.02m€0.02m=
Reserves13€0.002m€0.002m=
Non-distributable reserves130/1€0.002m€0.002m=
Reserves not available under the articles1311€0.002m€0.002m=
Profit (loss) carried forward14€38.6m€48.5m▲
Amounts payable17/49€4.0m€0.5m▼
Amounts payable within one year42/48€4.0m€0.5m▼
Trade debts44€3.5m€0.2m▼
Suppliers440/4€3.5m€0.2m▼
Taxes, remuneration and social security45€0.2m€0.03m▼
Taxes450/3€0.2m€0.03m▼
Remuneration and social security454/9-€0
Other amounts payable47/48€0.3m€0.2m▼
Income statement Code20232024
Non-recurring operating income76A€1.0m-
Gross operating margin9900€16.3m€9.6m▼
Operating profit (loss)9901€16.3m€9.6m▼
Financial income75/76B€0.06m€0.3m▲
Recurring financial income75€0.06m€0.3m▲
Financial charges65/66B€0.1m€305▼
Recurring financial charges65€0.1m€305▼
Profit (loss) for the period before taxes9903€16.3m€9.8m▼
Income taxes67/77-€0.002m€0.003m▲
Profit (loss) for the period9904€16.3m€9.8m▼
Profit (loss) for the period to be appropriated9905€16.3m€9.8m▼
Appropriation of the result
Profit (loss) to be appropriated9906€38.6m€48.5m▲
Profit (loss) brought forward from the previous period14P€22.4m€38.6m▲

The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2024 (PDF), filed on 09-07-2025.

Line2018201920202021202220232024Change
Turnover70€0.8m-------
Non-recurring operating income76A-----€1.0m--
Other operating charges640/8---€348€0.003m---
Gross operating margin9900€0.8m€4.0m€2.7m€3.5m€4.8m€16.3m€9.6m▼ 41.4%
Operating profit (loss)9901€0.8m€4.0m€2.7m€3.5m€4.8m€16.3m€9.6m▼ 41.4%
Financial income75/76B----€0.002m€0.06m€0.3m▲ 372%
Recurring financial income75€214€65--€0.002m€0.06m€0.3m▲ 372%
Financial charges65/66B---€81€0.003m€0.1m€305▼ 99.7%
Recurring financial charges65€0.2m€0.2m€0.03m€81€0.003m€0.1m€305▼ 99.7%
Profit (loss) for the period before taxes9903€0.6m€3.8m€2.7m€3.5m€4.8m€16.3m€9.8m▼ 39.5%
Income taxes67/77----€0.008m-€0.001m-€0.002m€0.003m-
Profit (loss) for the period9904€0.6m€3.8m€2.7m€3.5m€4.8m€16.3m€9.8m▼ 39.5%
Profit (loss) for the period to be appropriated9905€0.6m€3.8m€2.7m€3.5m€4.8m€16.3m€9.8m▼ 39.5%
Line2018201920202021202220232024Change
Assets
Total assets20/58€15.7m€16.5m€17.6m€21.2m€25.9m€42.6m€48.9m▲ 14.8%
Formation expenses20------€0-
Fixed assets21/28€15.0m€16.4m€16.4m€16.4m€20.1m€25.1m€27.2m▲ 8.3%
Financial fixed assets28€15.0m€16.4m€16.4m€16.4m€20.1m€25.1m€27.2m▲ 8.3%
Current assets29/58€0.8m€0.1m€1.2m€4.8m€5.8m€17.5m€21.7m▲ 24.3%
Amounts receivable after more than one year29---€0.3m€2.0m€6.0m€6.0m=
Other amounts receivable291---€0.3m€2.0m€6.0m€6.0m=
Amounts receivable within one year40/41€0.6m€84€0.8m€0.3m€0.7m€1.8m€2.3m▲ 24.1%
Trade receivables40---€0.3m€0.001m€0.04m€0.6m▲ 15×
Other amounts receivable41----€0.7m€1.8m€1.6m▼ 8.8%
Cash at bank and in hand54/58€0.2m€0.1m€0.1m€4.2m€3.0m€9.6m€13.4m▲ 39.7%
Deferred charges and accrued income490/1-----€0.01m€0.002m▼ 87.0%
Equity and liabilities
Total equity and liabilities10/49€15.7m€16.5m€17.6m€21.2m€25.9m€42.6m€48.9m▲ 14.8%
Equity10/15€7.6m€11.4m€14.1m€17.6m€22.4m€38.7m€48.5m▲ 25.4%
Contributions10/11€0.02m€0.02m-€0.02m€0.02m€0.02m€0.02m=
Reserves13€0.002m€0.002m€0.002m€0.002m€0.002m€0.002m€0.002m=
Non-distributable reserves130/1---€0.002m€0.002m€0.002m€0.002m=
Reserves not available under the articles1311---€0.002m€0.002m€0.002m€0.002m=
Profit (loss) carried forward14€7.6m€11.4m€14.1m€17.6m€22.4m€38.6m€48.5m▲ 25.4%
Amounts payable17/49€8.2m€5.1m€3.5m€3.6m€3.5m€4.0m€0.5m▼ 88.5%
Amounts payable within one year42/48€8.2m€5.1m€3.5m€3.6m€3.5m€4.0m€0.5m▼ 88.5%
Trade debts44€3.4m€3.6m€3.4m€3.5m€3.4m€3.5m€0.2m▼ 94.6%
Suppliers440/4---€3.5m€3.4m€3.5m€0.2m▼ 94.6%
Taxes, remuneration and social security45-----€0.2m€0.03m▼ 82.5%
Taxes450/3-----€0.2m€0.03m▼ 82.5%
Remuneration and social security454/9------€0-
Other amounts payable47/48---€0.05m€0.05m€0.3m€0.2m▼ 20.8%
Line2018201920202021202220232024Change
Profit (loss) for the period9904€0.6m€3.8m€2.7m€3.5m€4.8m€16.3m€9.8m▼ 39.5%
Operating cash flow (approximation)€0.6m€3.8m€2.7m€3.5m€4.8m€16.3m€9.8m▼ 39.5%
Investment in fixed assets (approximation)--€1.5m-€0.005m€0-€3.7m-€5.0m-€2.1m▲ 58.8%
Change in cash--€0.08m-€0.01m€4.1m-€1.1m€6.6m€3.8m▼ 41.9%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 13 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2024 full format 09-07-2025 2025-00260973 PDF
31-12-2023 full format 09-07-2024 2024-00236290 PDF
31-12-2022 full format 07-06-2023 2023-00116362 PDF
31-12-2021 full format 07-06-2022 2022-20051320 PDF
31-12-2020 full format 29-06-2021 2021-28200481 PDF
31-12-2019 full format 03-07-2020 2020-26700271 PDF
31-12-2018 full format 08-07-2019 2019-30700368 PDF
31-12-2017 full format 12-06-2018 2018-17900289 PDF
31-12-2016 full format 07-06-2017 2017-15800123 PDF
31-12-2015 full format 09-06-2016 2016-16700237 PDF

Show all 13 filings

Board & ownership

Directors

Directors
1 director, last change in 2024
Massimo MENEGALLI
Director (not named in the articles) · since 05-12-2011 · earlier manager, until 15-01-2024 · term without a fixed end · listed in the 2024 annual accounts, filed on 09-07-2025
Current
Office holders in the KBO →
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 15-01-2024

Owners and capital

Capital transactions

Capital over time
  1. 15-01-2024 Converted to unavailable equity · €20,460

Mandate history

1 person, 1 in office
Show
  • Board
  • mandate already running before its first mention
Mandates per person, with start and end dates
Name Functions and periods
Massimo MENEGALLI
  • Manager, until 15-01-2024
  • Director (not named in the articles), appointed by deed of 15-01-2024, still in office
See the board, name and registered office on a given date →

Articles of association

Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Tous les frais de procédure et d’expertise étant pour moitié à charge du cédant et pour moitié à charge du ou des acquéreurs…”

Articles of association, deed of 15-01-2024 (in French)

Network & group

Heads the group GPFI 20 companies Group, risk and exposure

Holdings and subsidiaries

18 holdings · 24 subsidiaries, including indirect ones

Holdings 18

Source for every holding own accounts 2024

  • DE PIJLsubsidiary
    Equity €456,916 Profit of €251,753 in 2024 (profit of €284,902 in 2023) Checked score 58
    100%
  • DEBA SQUAREsubsidiary
    Equity €709,118 Profit of €222,084 in 2024 (profit of €236,991 in 2023) Checked score 58
    100%
  • DEVOMASsubsidiary
    Equity €435,570 Profit of €153,861 in 2024 (profit of €90,391 in 2023) Checked score 57
    100%
  • EUROPEAN AMUSEMENTsubsidiary
    Equity €3.6m Profit of €1.6m in 2024 (loss of €5.1m in 2023) Checked score 58
    100%
  • FORTUNA 2000subsidiary
    Equity €623,908 Profit of €257,294 in 2024 (profit of €377,891 in 2023) Checked score 58
    100%
  • Fun2playsubsidiary
    Equity €439,824 Profit of €69,672 in 2024 (profit of €157,675 in 2023) Checked score 56
    100%
  • GOLDEN PALACE ANTWERPENsubsidiary
    Equity €2.2m Profit of €3.2m in 2024 (profit of €3.5m in 2023) Checked score 56
    100%
  • GOLDEN PALACE WATERLOOsubsidiary
    Equity €6.8m Profit of €2.5m in 2024 (loss of €2.6m in 2023) Checked score 57
    100%
  • H B W FREETIMEsubsidiary
    Equity €1.6m Profit of €1.9m in 2024 (profit of €1.9m in 2023) Checked score 58
    100%
  • Les Copèressubsidiary
    Equity €825,126 Profit of €664,199 in 2024 (profit of €740,126 in 2023) Checked score 58
    100%
Show 8 more holdings
  • MARBELsubsidiary
    Equity €946,846 Profit of €794,301 in 2024 (profit of €715,341 in 2023) Checked score 57
    100%
  • PAVABERsubsidiary
    Equity €1.4m Profit of €807,258 in 2024 (profit of €574,635 in 2023) Checked score 58
    100%
  • S.E.C.N SAFRsubsidiary
    Equity €544,971Result €137,059
    100%
  • SPIELOTHEKsubsidiary
    Equity €2.9m Profit of €1.1m in 2024 (loss of €1.3m in 2023) Checked score 58
    100%
  • STARGAMESsubsidiary
    Equity €266,968 Loss of €393,407 in 2024 (profit of €32,001 in 2023) Checked score 46
    100%
  • PRESS SHOP HOLDINGsubsidiary
    Equity €2.5m Loss of €923 in 2025 (profit of €517 in 2024) Checked score 66
    66%
  • Center jeux automatiques
    Equity €798,965 Profit of €90,287 in 2024 (profit of €297,891 in 2023) Checked score 55
    33%
  • IMMO CM ATHUS
    Equity €555,818 Profit of €98,211 in 2024 (profit of €129,923 in 2023) Checked score 58
    25%
All subsidiaries, including indirect ones 24

GPFI or one of its subsidiaries holds more than half of the shares of these companies. A company it consolidates per the LEI register is listed too.

Holdings through the years 2017 to 2024
Holdings through the years
Name20172018201920202021202220232024
DE PIJL 70%100%
DEBA SQUARE 100%
DEVOMAS 90%100%
EUROPEAN AMUSEMENT 72%100%
FORTUNA 2000 94%100%
Fun2play 90%100%
GOLDEN PALACE ANTWERPEN 89.75%100%
GOLDEN PALACE WATERLOO 82.95%100%
H B W FREETIME 100%
Les Copères 10%100%
MARBEL 100%
PAVABER 10%90%100%
S.E.C.N SAFR 100%
SPIELOTHEK 100%
STARGAMES 100%
PRESS SHOP HOLDING 66%
Center jeux automatiques 33%
IMMO CM ATHUS 25%
FUN2PLAY RUMES 90%
LERUS CENTERS 90%
GREEN PALACE 19%
CHIP AMUSEMENT 90%
J & J 80%

Source: list of holdings in its own accounts

Board mandates elsewhere

1 board mandate
Board mandates of GPFIGPFI sits on their board1
Center jeux automatiques
Director · 6 locations
Founded in 1989 · 27 FTE (2024) · accounts filed late

Companies at the same address

33 other companies
and 23 more

Connections & network

1 current director
Depth

The board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Deeds, filings and financial milestones

2025
17-12
Gazette deed Purpose change · Amendment of the articles
“L’exercice d’activités de direction,de gestion et de coordination au sein de sociétés opérationnelles dans le…” (deed in French)1 point ▸
  • General meeting, 10-12-2025
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

09-07
NBB filing Annual accounts 2024 filedPDF
full format · 22 days before the deadline
2024
31-12
Financial Liquidity more than 10 timescurrent ratio 47.56
The current ratio rises from 4.42 to 47.56. Short-term debt falls from €4.0m to €456,776.
09-07
NBB filing Annual accounts 2023 filedPDF
full format · 22 days before the deadline
15-01
Gazette deed Change of role: Massimo MENEGALLI, from manager to director
Legal-form conversion: from private limited company (pre-2019) to private limited company6 points ▸
  • General meeting, 09-01-2024
  • Legal-form conversion, from private limited company (pre-2019) to private limited company
  • 100 shares
  • Director resignation, Massimo MENEGALLI (manager)
  • Director appointment, Massimo MENEGALLI (director (not named in the articles))
  • Registered office clause, avenue des Croix de Guerre 120, 1120 Bruxelles
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

2023
31-12
Financial Highest result from 2018 to 2024net €16.3m ▲242%
The operating result of €16.3m and the net result of €16.3m are both a record.
31-12
Financial Liquidity more than doubledcurrent ratio 4.42
The current ratio rises from 1.67 to 4.42.
31-12
Financial Equity above €25mequity €38.7m ▲72.6%
With a profit in every financial year since 2018, equity grows to €38.7m.
07-06
NBB filing Annual accounts 2022 filedPDF
full format · 54 days before the deadline
2022
07-06
NBB filing Annual accounts 2021 filedPDF
full format · 54 days before the deadline
2021
31-12
Financial Liquidity more than triplescurrent ratio 1.35
The current ratio rises from 0.35 to 1.35.
29-06
NBB filing Annual accounts 2020 filedPDF
full format · 32 days before the deadline
Show earlier events
2020
03-07
NBB filing Annual accounts 2019 filedPDF
full format · 28 days before the deadline
2019
31-12
Financial Equity above €10mequity €11.4m ▲50.6%
With a profit in every financial year since 2018, equity grows to €11.4m.
08-07
NBB filing Annual accounts 2018 filedPDF
full format · 23 days before the deadline
2018
12-06
NBB filing Annual accounts 2017 filedPDF
full format · 49 days before the deadline
2017
07-06
NBB filing Annual accounts 2016 filedPDF
full format · 54 days before the deadline
2016
09-06
NBB filing Annual accounts 2015 filedPDF
full format · 52 days before the deadline
2011
28-12
Gazette deed IncorporationPDF

Show all 13 filings

Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

On 15 December 2011, GPFI was incorporated.1 Total assets went from €15.7m in 2018 to €48.9m in 2024.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2024

Company details

Register details

Identity

KBO record
Name GPFI in French
Enterprise number 0841.832.811
LEI code 254900A7L3GW67Z45830 no longer live in the LEI register
Legal form Private limited company
Status Active, normal situation
Founded 15-12-2011
Entity type Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 15-01-2024 (in French)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région de Bruxelles-Capitale”
deed of 15-01-2024 (in French)

Registered office and establishments

Registered office Oorlogskruisenlaan 120, 1120 Brussels, Belgium
Establishment unit GPFI, Oorlogskruisenlaan 120, 1120 Brussels since 15-12-2011 · unit number 2.205.190.278

Activities

NACEBEL 2025
VAT activities
70200 Business and other management consultancy main activity
Social security (RSZ) activities
70200 Business and other management consultancy main activity
Codes under NACEBEL 2008
70220 Business consulting main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“L’exercice d’activités de direction,de gestion et de coordination au sein de sociétés opérationnelles dans le secteur des jeux de hasard…”
5 activities
  1. L’exercice d’activités de direction,de gestion et de coordination au sein de sociétés opérationnelles dans le secteur des jeux de hasard terrestres et/ou en ligne,ainsi que la prestation de services au profit de ces sociétés,notamment dans les domaines dans les domaines des ressources humaines,des technologies de l’information (IT),du juridique,du commercial,de la finance (y compris comptabilité et administration),du marketing et de l’audit ;
  2. La coordination et le support stratégique des sociétés liées opérationnelles,de manière à contribuer directement à la réalisation et à l’optimisation de leurs résultats commerciaux ;
  3. L’exercice de mandat d’administrateur ou liquidateur auprès de sociétés liées ou sociétés tierces ;
  4. L’acquisition et/ou la vente,sous quelque forme que ce soit,de participations dans d’autres sociétés et la valorisation de ces participations ;
  5. Pour son compte,toutes opérations immobilières généralement quelconques telles que notamment l’achat,la vente,la gestion,la mise en valeur,la location,le leasing,l'administration immobilière,la construction,la rénovation,l’aménagement intérieur et extérieur et la maitrise d’ ouvrage.
deed of 17-12-2025 (in French)

Invoicing and payment

VAT number BE 0841.832.811
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0841832811
Other Peppol ID 9925:BE0841832811

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 4 November 2026 · Peppol Directory

Financial year and general meeting

Accounts at the NBB
Financial year end 31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
10 June at 09:00
deed of 15-01-2024 (in French)

Sites & property

Location
registered office establishment The establishment unit on the map
34 companies at this address See who is registered here

Buildings and parcels at the address

Ground area
3,002 m²
Building footprint
1,835 m²
Building volume
15,321 m³
Cadastral parcel Region Area Buildings Height / floors
21819D0089/00R000 Brussels 3,002 m² 1 · 1,835 m² 11.1 m · 3

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