Equity
GPPM paid out €100,000 in dividends. That is 105% of the 2025 profit.
GPPM paid out €100,000 in dividends. That is 105% of the 2025 profit.
Debts rose by €100,161 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Short-term debts rose from €9,555 to €109,716.
The last five annual accounts were filed 0 to 57 days before the end of the period.
Higher net result than 91% of companies in architecture and engineering. Sector median €16,690 · 11,795 companies.
In July 2024, 26,969 companies had the same profile as GPPM has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 26,969 companies, not a prediction for GPPM. 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.
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.
| Company | ||||
|---|---|---|---|---|
| GPPM Visé | €332,569 | €120,539 | 67.0% | - |
| BENOIT LEDUC Liège | €280,879 | €133,620 | 91.4% | - |
| EMHR Schaerbeek | €331,629 | €119,423 | 65.9% | - |
| CaB Solutions Peer | €331,982 | €132,030 | 48.0% | - |
| IRISIA Court-Saint-Etienne | €311,179 | €117,225 | 64.9% | - |
| CMA CONSULT Ramillies | €347,472 | €108,838 | 21.1% | - |
| ARPES Ypres | €377,057 | €115,442 | 8.1% | - |
These companies have the same main activity as GPPM: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €281,000 and €377,000, founded between 2021 and 2022.
GPPM files the micro format. That format states no turnover. The gross margin rose from €5,815 in 2021 to €120,539 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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