GR DEVELOPMENT
ActiveSummary
GR DEVELOPMENT has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3,760 and a net result of €5,731. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 21,036 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Staff
- 1 FTE
- Equity
- €3,760
- Profit
- €5,731
Why 93lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Size: total assets €25,096Liquidity: current ratio 1.07, cash €6,019Figures for financial year 2025 (filed 04-06-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 62, micro): better than 19% on solvency, 13% on liquidity, 62% on profitability and 97% on growth.
The bankruptcy probability was computed on 21-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 62 days before the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Highest result from 2018 to 2025net €9,434 ▲798%
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 13% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95.9% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 5,053 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2,304 | - | - | €2,731 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €35,861 | €36,684 | €36,045 | €6,481 | €9,790 | ▲ 51.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,288 | €9,366 | €4,722 | €12,100 | €14,496 | €14,506 | €11,501 | €10,282 | ▼ 10.6% |
| Other operating charges640/8 | - | - | - | €3,155 | €2,580 | €2,779 | €2,703 | €2,628 | ▼ 2.8% |
| Gross operating margin9900 | €44,148 | €46,845 | €50,007 | €49,529 | €44,526 | €55,497 | €35,164 | €35,309 | ▲ 0.4% |
| Operating profit (loss)9901 | €558 | €943 | €8,074 | -€1,587 | -€9,234 | €2,167 | €14,479 | €12,609 | ▼ 12.9% |
| Financial income75/76B | - | - | - | - | - | €5 | €1 | €28 | ▲ 2,700% |
| Recurring financial income75 | €1 | - | - | - | - | €5 | €1 | €28 | ▲ 2,700% |
| Financial charges65/66B | - | - | - | €545 | €458 | €801 | €544 | €2,860 | ▲ 426% |
| Recurring financial charges65 | €1,104 | €600 | €730 | €545 | €458 | €801 | €544 | €2,860 | ▲ 426% |
| Profit (loss) for the period before taxes9903 | -€545 | €343 | €7,344 | -€2,132 | -€9,692 | €1,371 | €13,936 | €9,777 | ▼ 29.8% |
| Income taxes67/77 | €322 | €313 | €281 | €1,122 | - | €321 | €4,502 | €4,046 | ▼ 10.1% |
| Profit (loss) for the period9904 | -€867 | €30 | €7,063 | -€3,254 | -€9,692 | €1,050 | €9,434 | €5,731 | ▼ 39.3% |
| Profit (loss) for the period to be appropriated9905 | -€867 | €30 | €7,063 | -€3,254 | -€9,692 | €1,050 | €9,434 | €5,731 | ▼ 39.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €23,456 | €25,533 | €40,707 | €61,396 | €47,109 | €33,765 | €30,453 | €25,096 | ▼ 17.6% |
| Fixed assets21/28 | €13,969 | €13,171 | €27,161 | €51,999 | €38,615 | €24,109 | €12,608 | €2,326 | ▼ 81.6% |
| Tangible fixed assets22/27 | €13,849 | €13,051 | €27,041 | €51,879 | €38,495 | €23,989 | €12,488 | €2,206 | ▼ 82.3% |
| Furniture and vehicles24 | - | - | - | - | €833 | €462 | €91 | - | - |
| Leasing and similar rights25 | - | - | - | €50,311 | €36,596 | €22,882 | €12,172 | €2,206 | ▼ 81.9% |
| Other tangible fixed assets26 | - | - | - | €1,568 | €1,066 | €645 | €225 | - | - |
| Financial fixed assets28 | €120 | €120 | €120 | €120 | €120 | €120 | €120 | €120 | = |
| Current assets29/58 | €9,487 | €12,362 | €13,546 | €9,397 | €8,494 | €9,656 | €17,845 | €22,770 | ▲ 27.6% |
| Amounts receivable within one year40/41 | €7,276 | €12,102 | €5,024 | €1,860 | €7,631 | €8,704 | €12,844 | €14,441 | ▲ 12.4% |
| Trade receivables40 | - | - | - | €1,210 | €7,631 | €8,704 | €9,737 | €10,694 | ▲ 9.8% |
| Other amounts receivable41 | - | - | - | €650 | - | - | €3,107 | €3,747 | ▲ 20.6% |
| Cash at bank and in hand54/58 | €2,000 | - | €7,817 | €6,448 | €1 | €1 | €5,001 | €6,019 | ▲ 20.4% |
| Deferred charges and accrued income490/1 | - | - | - | €1,089 | €862 | €951 | - | €2,310 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €23,456 | €25,533 | €40,707 | €61,396 | €47,109 | €33,765 | €30,453 | €25,096 | ▼ 17.6% |
| Equity10/15 | -€6,602 | -€6,572 | €491 | -€2,763 | -€12,455 | -€11,405 | -€1,971 | €3,760 | - |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €6,860 | ▲ 269% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | - | - | - | - | €5,000 | - |
| Profit (loss) carried forward14 | -€14,662 | -€14,632 | -€7,569 | -€10,823 | -€20,515 | -€19,465 | -€10,031 | -€9,300 | ▲ 7.3% |
| Amounts payable17/49 | €30,058 | €32,105 | €40,216 | €64,159 | €59,564 | €45,170 | €32,424 | €21,336 | ▼ 34.2% |
| Amounts payable after more than one year17 | €9,936 | €9,192 | €19,085 | €37,463 | €24,874 | €15,115 | €3,599 | - | - |
| Financial debts170/4 | - | - | - | €37,463 | €24,874 | €15,115 | €3,599 | - | - |
| Amounts payable within one year42/48 | €20,122 | €22,913 | €21,131 | €26,696 | €34,690 | €29,939 | €28,766 | €21,257 | ▼ 26.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €12,941 | €12,590 | €9,760 | €11,516 | €8,220 | ▼ 28.6% |
| Financial debts43 | - | - | - | - | €4,409 | €4,953 | €2,324 | €4,055 | ▲ 74.5% |
| Credit institutions430/8 | - | - | - | - | €4,409 | €4,953 | €2,324 | €4,055 | ▲ 74.5% |
| Trade debts44 | €2,159 | €1,867 | €2,778 | €1,802 | €4,022 | €3,620 | €4,226 | €1,819 | ▼ 57.0% |
| Suppliers440/4 | - | - | - | €1,802 | €4,022 | €3,620 | €4,226 | €1,819 | ▼ 57.0% |
| Taxes, remuneration and social security45 | - | - | - | €11,953 | €12,821 | €10,145 | €10,700 | €7,163 | ▼ 33.1% |
| Taxes450/3 | - | - | - | €6,999 | €2,794 | €2,373 | €4,090 | €3,548 | ▼ 13.3% |
| Remuneration and social security454/9 | - | - | - | €4,954 | €10,027 | €7,772 | €6,610 | €3,615 | ▼ 45.3% |
| Other amounts payable47/48 | - | - | - | - | €848 | €1,461 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €116 | €59 | €79 | ▲ 33.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€867 | €30 | €7,063 | -€3,254 | -€9,692 | €1,050 | €9,434 | €5,731 | ▼ 39.3% |
| + Depreciation and write-downs630 | €8,288 | €9,366 | €4,722 | €12,100 | €14,496 | €14,506 | €11,501 | €10,282 | ▼ 10.6% |
| Operating cash flow (approximation) | €7,421 | €9,396 | €11,785 | €8,846 | €4,804 | €15,556 | €20,935 | €16,013 | ▼ 23.5% |
| Investment in fixed assets (approximation) | - | -€8,568 | -€18,712 | -€36,938 | -€1,112 | €0 | €0 | €0 | - |
| Change in cash | - | - | - | -€1,369 | -€6,447 | €0 | €5,000 | €1,018 | ▼ 79.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 01-06-2026 | 2026-00136066 |
| 31-12-2024 | micro format | 13-06-2025 | 2025-00142445 |
| 31-12-2023 | micro format | 17-05-2024 | 2024-00090021 |
| 31-12-2022 | micro format | 15-05-2023 | 2023-00087366 |
| 31-12-2021 | micro format | 16-05-2022 | 2022-20028362 |
| 31-12-2020 | micro format | 24-05-2021 | 2021-15200313 |
| 31-12-2019 | micro format | 30-06-2020 | 2020-23100316 |
| 31-12-2018 | micro format | 28-06-2019 | 2019-26400437 |
| 31-12-2017 | micro format | 26-06-2018 | 2018-23500096 |
| 31-12-2016 | full format | 30-06-2017 | 2017-25300193 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| GLODT Dominique |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
13-03
Gazette deed
Resignation: GLODT Dominique (manager)Reappointment: GLODT Dominique (director) · Amendment of the articles · Capital conversion11 facts ▸
- General meeting, 12-01-2024
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “suppression, fonds disponibles pour distribution” (deed in French)
- Capital
- Director resignation, GLODT Dominique (manager) (2 times)
- Director reappointment, GLODT Dominique (director (not named in the articles))
- Registered office clause, “rue des Bada,22, Faimes” (deed in French)
- Power of attorney, GLODT Dominique (2 times)
- Director discharge, GLODT Dominique
- Other provision, “charger Notaire instrumentant de la coordination des statuts, coordination des statuts” (deed in French)
Show earlier events
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 22 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 61037A0064/00A002 | Wallonia | 1,428 m² | 1 · 118 m² | 8.9 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La société a pour objet en tout endroit de l'Union Européenne et partout ailleurs dans le Monde entier de faire pour son compte ou pour le…” (deed in French)
8 activities (deed in French)
- La société a pour objet en tout endroit de l'Union Européenne et partout ailleurs dans le Monde entier de faire pour son compte ou pour le compte d'autrui toutes prestations de services en informatique et en automation,et en rapport avec ces branches,la gestion de patrimoines mobiliers en rapport avec l'informatique,toutes opérations généralement quelconques se rapportant directement ou indirectement à la conception,la vente,l'achat,la représentation,la location,l'entretien,la réparation,la maintenance,l'import,l'export sous toutes ses formes,le commissionnement,le négoce,développement,analyse,de tout matériel informatique,de software,de systèmes électroniques relatifs à l'informatique,à l'exploitation de moyens hardware et software ainsi que les dérivés et de périphériques informatiques et supports,la création,vente ou distribution de matériel de bureau,appareils et matériel informatique,articles de mobiliers et ses dérivés,l'import et l'export de ceux-ci,leur installation,leur maintenance,l'étude,la réalisation de concept d'organisation,de présentation d'un site dans toutes ses formes,la mise en place de réseaux informatiques,la tenue et l'exploitation d'un bureau de travaux mécanographiques notamment,à l'étude de marchés et de projets relatifs à l'informatique,l'organisation et la commercialisation de formation et de consultance,consultance en informatique et gestion de projets,les prestations de services:organisation en informatique,analyse et/ou programmation,création,vente ou distribution de logiciels et de matériel et produits programmes,l'étude,la création de sites web,développement sur mesure,tout développement portant sur la communication:mailing,brochures,cartes de visite,enseignes et ce sur tout support,la fabrication,la réalisation,la vente,le commissionnement,l'import,l'export de tous ensembles et sous-ensembles électriques et électroniques développant ou utilisant les technologies présentes et futures,des semi-conducteurs et de leurs éléments associés,d'ordinateurs et tous accessoires tant au point de vue technique que pour d'autres besoins sans limitation,cette énumération étant énonciative et non limitative.
- La société aura également pour objet la création et l’exploitation de conseils en formation,la dispense directe ou indirecte de formation,l’organisation et l’animation de stages de formation,la création et la vente de systèmes de formation clés en main,la création,la conception,l’exploitation de progiciels,matériels informatiques,matériels pédagogiques,la réalisation,l’édition,la publication,la diffusion d’ouvrages.
- Elle pourra conclure toute convention de rationalisation,de collaboration,d'association ou autre avec d'autres entreprises,associations ou sociétés.
- Elle pourra également exploiter tous brevets d'invention et de perfectionnement se rapportant à l'objet social,vendre ou concéder toutes marques de fabrique,secrets de fabrication ou brevet(s) en rapport avec son objet social et participer sous forme de franchisage à la création d'entreprises de même type.
- La société peut traiter toutes opérations commerciales et civiles,financières,industrielles,mobilières,immobilières,agricoles se rapportant directement ou indirectement à son activité,en tout ou en partie,prendre des participations ou s'intéresser,sous quelque forme que ce soit,dans toutes les entreprises dont la collaboration serait jugée utile ou nécessaire à la réalisation de son objet social.
- Elle peut aussi réaliser son objet social pour compte d’autrui.
- La société pourra traiter toutes opérations commerciales et civiles,financières,industrielles,mobilières,immobilières,agricoles et forestières se rapportant directement ou indirectement à son activité,en tout ou en partie,prendre des participations ou s'intéresser,sous quelque forme que ce soit,dans toutes les entreprises dont la collaboration serait jugée utile ou nécessaire à la réalisation de son objet social.
- La société pourra également exercer les fonctions d'administrateur ou liquidateur d'autres sociétés.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- GR DEVELOPMENT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, par simple décision de l’organe d’administration,sièges administratifs,agences,ateliers,dépôts et succursales,en Belgique…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Assemblée qui nomme, sans limitation de durée” (deed in French)“Frais généraux, assemblée générale” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié cédant et moitié acquéreurs au prorata si plusieurs, choisi de commun accord ou président du tribunal de l’entreprise statuant comme…” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues pour modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment, faculté de désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments” (deed in French)