GPP
ActiveSummary
GPP has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €71,213 and a net result of €1,795. Equity is growing by ~36% per year across the filed fiscal years. Its solvency ranks better than 17% of 1056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▼-1
Solvency35=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity short (current ratio 0.41 against 0.9 in 2024; short-term debt: 50.6% and cash: 6% of total assets), and 90.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 1056 sector peers (2025).
NBB · sector comparisonPosition among 1056 sector peers
Solvency
better than 17%
← weakest
strongest →
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 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
3 d late
2021
3 d late
2020
30 d late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 5 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
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. Usually files around 31 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#9 oldest company in Poperinge, Other services sector
Equity
€71,213▲ 2.6%
2024 · €69,417
Total assets
€722,017▲ 7.7%
2024 · €670,211
Net result
€1,795▲ 59.6%
2024 · €1,125
Working capital
-€216,228▼ 3,156%
2024 · -€6,641
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€45,107▼ 953%€8,620€25,133▲ 192%€7,816▼ 68.9%€14,684▲ 87.9%
Net result-€51,682below the sector's middle half▼ 461%€2,019below the sector's middle half€18,083within the sector's middle half▲ 795%€1,125below the sector's middle half▼ 93.8%€1,795below the sector's middle half▲ 59.6%
Equity€48,190below the sector's middle half€50,209below the sector's middle half▲ 4.2%€68,292below the sector's middle half▲ 36.0%€69,417below the sector's middle half▲ 1.6%€71,213within the sector's middle half▲ 2.6%
Total assets€856,836within the sector's middle half▼ 3.5%€815,261within the sector's middle half▼ 4.9%€743,672within the sector's middle half▼ 8.8%€670,211within the sector's middle half▼ 9.9%€722,017within the sector's middle half▲ 7.7%
Debt€808,646▼ 13.8%€765,052▼ 5.4%€675,380▼ 11.7%€600,794▼ 11.0%€650,805▲ 8.3%
Working capital-€253,521below the sector's middle half▲ 23.3%-€236,930below the sector's middle half▲ 6.5%-€255,649below the sector's middle half▼ 7.9%-€6,641below the sector's middle half▲ 97.4%-€216,228below the sector's middle half▼ 3,156%
Solvency5.6%below the sector's middle half▲ 11.3pp6.2%below the sector's middle half▲ 0.5pp9.2%below the sector's middle half▲ 3.0pp10.4%below the sector's middle half▲ 1.2pp9.9%below the sector's middle half▼ 0.5pp
Current ratio0.30below the sector's middle half▲ 0.010.35below the sector's middle half▲ 0.040.25below the sector's middle half▼ 0.100.90below the sector's middle half▲ 0.660.41below the sector's middle half▼ 0.50
Return on assets (ROA)-6.0%below the sector's middle half▼ 5.0pp0.2%below the sector's middle half▲ 6.3pp2.4%within the sector's middle half▲ 2.2pp0.2%below the sector's middle half▼ 2.3pp0.2%below the sector's middle half▲ 0.1pp
above
within
below
the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 88% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €722,017
Fixed assets
€573,118 ▼ 5.8%
Current assets
€148,899 ▲ 141%
Equity and liabilities €722,017
Equity
€71,213 ▲ 2.6%
Debt
€650,805 ▲ 8.3%
Debt's share of the balance-sheet total rises from 89.6% to 90.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€75,977▲
2024 · €66,258
Cash flow
€63,089▲
2024 · €59,567
Quick ratio
0.20▼
2024 · 0.83
Debt to equity
9.14▲
2024 · 8.65
ROE
2.5%▲
2024 · 1.6%
Interest coverage
5.89▼
2024 · 9.90
Debt ≤ 1 year
€365,127▲
2024 · €68,544
Debt > 1 year
€285,678▼
2024 · €532,250
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,214 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
2.6%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,214 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €53,188 | €56,925 | €34,144 | €58,442 | €61,294 | ▲ 4.9% |
| Other operating charges640/8 | - | €3,846 | €1,386 | €1,456 | €1,480 | ▲ 1.7% |
| Gross operating margin9900 | €20,405 | €69,390 | €60,663 | €67,714 | €77,457 | ▲ 14.4% |
| Operating profit (loss)9901 | -€45,107 | €8,620 | €25,133 | €7,816 | €14,684 | ▲ 87.9% |
| Financial income75/76B | - | €37 | - | €0 | €10 | ▲ 32,667% |
| Recurring financial income75 | €1 | €37 | - | €0 | €10 | ▲ 32,667% |
| Financial charges65/66B | - | €6,637 | €7,050 | €6,691 | €12,898 | ▲ 92.8% |
| Recurring financial charges65 | €6,576 | €6,637 | €7,050 | €6,691 | €12,898 | ▲ 92.8% |
| Profit (loss) for the period before taxes9903 | -€51,682 | €2,019 | €18,083 | €1,125 | €1,795 | ▲ 59.6% |
| Profit (loss) for the period9904 | -€51,682 | €2,019 | €18,083 | €1,125 | €1,795 | ▲ 59.6% |
| Profit (loss) for the period to be appropriated9905 | -€51,682 | €2,019 | €18,083 | €1,125 | €1,795 | ▲ 59.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €856,836 | €815,261 | €743,672 | €670,211 | €722,017 | ▲ 7.7% |
| Fixed assets21/28 | €746,259 | €690,324 | €660,250 | €608,308 | €573,118 | ▼ 5.8% |
| Tangible fixed assets22/27 | €746,259 | €690,324 | €660,250 | €608,308 | €573,118 | ▼ 5.8% |
| Land and buildings22 | - | €638,667 | €604,728 | €553,845 | €512,759 | ▼ 7.4% |
| Plant, machinery and equipment23 | - | €46,069 | €49,934 | €43,696 | €52,092 | ▲ 19.2% |
| Furniture and vehicles24 | - | €5,588 | €5,588 | €10,768 | €8,268 | ▼ 23.2% |
| Current assets29/58 | €110,576 | €124,936 | €83,422 | €61,903 | €148,899 | ▲ 141% |
| Stocks and contracts in progress3 | €14,692 | €10,909 | €31,471 | €5,209 | €74,115 | ▲ 1,323% |
| Stocks30/36 | - | €10,909 | €31,471 | €5,209 | €74,115 | ▲ 1,323% |
| Amounts receivable within one year40/41 | €31,686 | €31,247 | €14,445 | €14,211 | €27,585 | ▲ 94.1% |
| Trade receivables40 | - | €30,128 | €13,403 | €13,170 | €21,265 | ▲ 61.5% |
| Other amounts receivable41 | - | €1,120 | €1,041 | €1,041 | €6,320 | ▲ 507% |
| Current investments50/53 | - | - | - | €32,504 | - | - |
| Cash at bank and in hand54/58 | €64,199 | €79,943 | €33,647 | €3,271 | €43,645 | ▲ 1,234% |
| Deferred charges and accrued income490/1 | - | €2,837 | €3,860 | €6,708 | €3,554 | ▼ 47.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €856,836 | €815,261 | €743,672 | €670,211 | €722,017 | ▲ 7.7% |
| Equity10/15 | €48,190 | €50,209 | €68,292 | €69,417 | €71,213 | ▲ 2.6% |
| Contributions10/11 | - | €156,200 | €156,200 | €156,200 | €156,200 | = |
| Profit (loss) carried forward14 | -€108,011 | -€105,991 | -€87,908 | -€86,783 | -€84,988 | ▲ 2.1% |
| Amounts payable17/49 | €808,646 | €765,052 | €675,380 | €600,794 | €650,805 | ▲ 8.3% |
| Amounts payable after more than one year17 | €444,549 | €403,186 | €336,309 | €532,250 | €285,678 | ▼ 46.3% |
| Financial debts170/4 | - | €403,186 | €336,309 | €248,250 | €1,678 | ▼ 99.3% |
| Other amounts payable178/9 | - | - | - | €284,000 | €284,000 | = |
| Amounts payable within one year42/48 | €364,097 | €361,866 | €339,071 | €68,544 | €365,127 | ▲ 433% |
| Current portion of amounts payable after more than one year42 | - | €41,363 | €41,877 | €54,437 | €2,835 | ▼ 94.8% |
| Trade debts44 | €26,967 | €21,015 | €2,497 | €2,480 | €369 | ▼ 85.1% |
| Suppliers440/4 | - | €21,015 | €2,497 | €2,480 | €369 | ▼ 85.1% |
| Taxes, remuneration and social security45 | - | €4,248 | €3,945 | €6,056 | €1,639 | ▼ 72.9% |
| Taxes450/3 | - | €4,248 | €3,945 | €6,056 | €1,639 | ▼ 72.9% |
| Other amounts payable47/48 | - | €295,239 | €290,751 | €5,571 | €360,284 | ▲ 6,367% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€51,682 | €2,019 | €18,083 | €1,125 | €1,795 | ▲ 59.6% |
| + Depreciation and write-downs630 | €53,188 | €56,925 | €34,144 | €58,442 | €61,294 | ▲ 4.9% |
| Operating cash flow (approximation) | €1,506 | €58,944 | €52,227 | €59,567 | €63,089 | ▲ 5.9% |
| Investment in fixed assets (approximation) | - | -€990 | -€4,070 | -€6,500 | -€26,104 | ▼ 302% |
| Change in cash | - | €15,744 | -€46,296 | -€30,376 | €40,375 | ▲ 233% |
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
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Highest result since 2019net €18,083 ▲795%
Operating result €25,133, net result €18,083, both a record.
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 3 days late
31-03
Financial
Back to profitnet €2,019
Net result €2,019 after 2 loss-making years.
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 3 days late
31-03
Financial
Weakest financial yearnet -€51,682
Net result drops to -€51,682, the lowest in the series; recovery starts the following year.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
12-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
28-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Poperinge · 2 establishment units since 2002
Ground area
4,577 m²
Building footprint
1,279 m²
Volume, LiDAR
7,768 m³
2 parcels, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Vlaanderenlaan 45, 8970 Poperinge
since 20022.095.941.059
Ieperseweg 25, 8970 Poperinge
since 20202.310.126.759
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33021E0166/00T000 | Flanders | 2,790 m² | 1 · 1,124 m² | 9.1 m · 2 fl. |
| 33021E0189/00G000 | Flanders | 1,786 m² | 1 · 155 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,205 companies in sector 95316 we hold annual accounts for 754. 555 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
Founded07-03-2002
Fiscal year end31-03
Abbreviation NL
G.P.P.
Activities, NACEBEL 2025
95316Washing and cleaning of motor vehicles
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477044614
Also
9925:BE0477044614
Registered
30-10-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.