GR DEVELOPMENT

Active

Private limited companyfounded 200916 yrs activeRue des Bada 22, 4317 Faimes, BelgiumKBO/BCE: BE 0821.841.408

GR DEVELOPMENT has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4k and a net result of €6k. Equity is growing by ~73.4% per year across the filed fiscal years. Its solvency ranks better than 18% of 16619 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Watch Print / PDF

Checked score

Score 2025

68 / 100

Healthy▲ +47 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100▲+100

Solvency23▼-13

Growth78=

Stability100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity tight (current ratio 1.07 against 0.62 in 2024), and 85% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 62

Relative position

BE, all sectors

reference

Sector 62

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 16619 sector peers (2025).

NBB · sector comparison

Position among 16619 sector peers

Solvency

better than 18%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-06-2026, 60 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

60 d early

2024

48 d early

2023

75 d early

2022

77 d early

2021

76 d early

2020

68 d early

2019

31 d early

← before the deadline after the deadline →

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 months

Position in the running window

05-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€4k

2024 · €-2k

2022: €-12k 2023: €-11k 2024: €-2k

2022 → 2025

Total assets

€25k▼ 17.6%

2024 · €30k

2022: €47k 2023: €34k 2024: €30k

2022 → 2025

Net result

€6k▼ 39.3%

2024 · €9k

2022: €-10k 2023: €1k 2024: €9k

2022 → 2025

Working capital

€2k

2024 · €-11k

2022: €-26k 2023: €-20k 2024: €-11k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€-12k-€-11k▲ 8.4%€-2k▲ 82.7%€4k

Operating result€-9k-€2k€14k▲ 568%€13k▼ 12.9%

Net result€-10k-€1k€9k▲ 798%€6k▼ 39.3%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 13% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €25k

90.7%

Fixed assets €2k▼ 81.6%

Current assets €23k▲ 27.6%

Equity and liabilities €25k

15.0%

85.0%

Equity €4k

Debt €21k

Debt finances 85.0% of the balance-sheet total.

Key figures and ratios

2025 value · change against 2024

EBITDA

€23k▼

2024 · €26k

Cash flow

€16k▼

2024 · €21k

Solvency

15.0%▲

2024 · -6.5%

Current ratio

1.07▲

2024 · 0.62

Quick ratio

1.07▲

2024 · 0.62

Debt / equity

5.67▲

2024 · -16.45

ROE

152.4%▲

2024 · -478.6%

ROA

22.8%▼

2024 · 31.0%

Interest coverage

8.00▼

2024 · 47.76

Debt

€21k▼

2024 · €32k

Debt ≤ 1 year

€21k▼

2024 · €29k

Income taxes

€4k▼

2024 · €5k

Staff costs

€10k▲

2024 · €6k

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

Total assets 20/58€30k€25k▼

Fixed assets 21/28€13k€2k▼

Tangible fixed assets 22/27€12k€2k▼

Financial fixed assets 28€120€120=

Current assets 29/58€18k€23k▲

Amounts receivable within one year 40/41€13k€14k▲

Cash & bank 54/58€5k€6k▲

Total equity & liabilities 10/49€30k€25k▼

Equity 10/15€-2k€4k▲

Contributions / capital 10/11€6k€6k=

Reserves 13€2k€7k▲

Accumulated profits (losses) 14€-10k€-9k▲

Amounts payable 17/49€32k€21k▼

Amounts payable after one year 17€4k-

Amounts payable within one year 42/48€29k€21k▼

Trade debts payable within one year 44€4k€2k▼

Income statement Code20242025

Gross operating margin 9900€35k€35k▲

Operating result 9901€14k€13k▼

Financial income 75€1€28▲

Financial charges 65€544€3k▲

Result before taxes 9903€14k€10k▼

Income taxes 67/77€5k€4k▼

Net result for the period 9904€9k€6k▼

Result to be appropriated 9905€9k€6k▼

Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

01-06

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

13-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Highest result since 2022net €9k ▲798%

Operating result €14k, net result €9k, both a record.

17-05

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Back to profitnet €1k

Net result €1k after one loss-making year.

15-05

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

16-05

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

24-05

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

30-06

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

28-06

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

26-06

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

30-06

NBB filing Annual accounts filed

fiscal year 2016 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 2 acts read

About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.