GSE-PROJECTS
ActiveSummary
GSE-PROJECTS has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-5k) and a net result of €-2k. Equity is shrinking by ~70.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 9715 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Age of the figures
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
19202122232424
2019 to 2024 · latest year €-5k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2024
61 d late
2024
9 d early
2023
61 d early
2022
33 d early
2021
60 d early
2020
3 d early
2019
14 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€-5k▼ 62.6%
2024 · €-3k
2019: €183khighest value
2020: €13k▼ -93.0% vs 2019
2021: €11k▼ -13.7% vs 2020
2022: €3k▼ -74.4% vs 2021
2023: €444▼ -84.3% vs 2022
2024: €-3k▼ -791% vs 2023
2024: €-5klowest value
2019 → 2024
Total assets
€585▼ 76.7%
2024 · €3k
2019: €183khighest value
2020: €14k▼ -92.1% vs 2019
2021: €13k▼ -10.1% vs 2020
2022: €5k▼ -63.7% vs 2021
2023: €2k▼ -50.1% vs 2022
2024: €3k▲ +7.3% vs 2023
2024: €585lowest value
2019 → 2024
Net result
€-2k▲ 45.3%
2024 · €-4k
2019: €-452highest value
2020: €-2k▼ -288% vs 2019
2021: €-2k● -0.0% vs 2020
2022: €-7k▼ -277% vs 2021lowest value
2023: €-2k▲ +64.0% vs 2022
2024: €-4k▼ -47.7% vs 2023
2024: €-2k
2019 → 2024
Working capital
€-5k▼ 62.6%
2024 · €-3k
2019: €181khighest value
2020: €13k▼ -93.1% vs 2019
2021: €11k▼ -11.7% vs 2020
2022: €3k▼ -74.4% vs 2021
2023: €444▼ -84.3% vs 2022
2024: €-3k▼ -791% vs 2023
2024: €-5klowest value
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242024Trend
Equity€11k-€3k▼ 74.4%€444▼ 84.3%€-3k€-5k▼ 62.6%
2021: €11khighest value
2022: €3k▼ -74.4% vs 2021
2023: €444▼ -84.3% vs 2022
2024: €-3k▼ -791% vs 2023
2024: €-5klowest value
Operating result€-2k-€-7k▼ 275%€-2k▲ 64.9%€-3k▼ 48.9%€-2k▲ 44.8%
2021: €-2khighest value
2022: €-7k▼ -275% vs 2021lowest value
2023: €-2k▲ +64.9% vs 2022
2024: €-3k▼ -48.9% vs 2023
2024: €-2k
Net result€-2k-€-7k▼ 277%€-2k▲ 64.0%€-4k▼ 47.7%€-2k▲ 45.3%
2021: €-2khighest value
2022: €-7k▼ -277% vs 2021lowest value
2023: €-2k▲ +64.0% vs 2022
2024: €-4k▼ -47.7% vs 2023
2024: €-2k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Key figures and ratios
Debt
€6k=
2024 · €6k
Debt ≤ 1 year
€6k=
2024 · €6k
Income taxes
€2
Ratios withheld: a balance sheet total of €585 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2024 · 29 lines
Balance sheet
Code20242024
Assets
Total assets20/58€3k€585▼
Current assets29/58€3k€585▼
Cash at bank and in hand54/58€3k€585▼
Equity and liabilities
Total equity and liabilities10/49€3k€585▼
Equity10/15€-3k€-5k▼
Contributions10/11€6k€6k=
Reserves13€3k€3k=
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133€1k€3k▲
Profit (loss) carried forward14€-12k€-14k▼
Amounts payable17/49€6k€6k=
Amounts payable within one year42/48€6k€6k=
Trade debts44€0-
Suppliers440/4€0-
Other amounts payable47/48€6k€6k=
Income statement
Code20242024
Other operating charges640/8€99€449▲
Gross operating margin9900€-3k€-1k▲
Operating profit (loss)9901€-3k€-2k▲
Financial income75/76B€6€5▼
Recurring financial income75€6€5▼
Financial charges65/66B€95€36▼
Recurring financial charges65€95€36▼
Profit (loss) for the period before taxes9903€-4k€-2k▲
Income taxes67/77-€2
Profit (loss) for the period9904€-4k€-2k▲
Profit (loss) for the period to be appropriated9905€-4k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-12k€-14k▼
Profit (loss) brought forward from the previous period14P€-9k€-12k▼
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | - | - | - | - |
| Other operating charges640/8 | - | €410 | €410 | €99 | €449 | - |
| Gross operating margin9900 | €-1k | €-6k | €-2k | €-3k | €-1k | - |
| Operating profit (loss)9901 | €-2k | €-7k | €-2k | €-3k | €-2k | - |
| Financial income75/76B | - | - | - | €6 | €5 | - |
| Recurring financial income75 | €8 | - | - | €6 | €5 | - |
| Financial charges65/66B | - | €48 | €79 | €95 | €36 | - |
| Recurring financial charges65 | €20 | €48 | €79 | €95 | €36 | - |
| Profit (loss) for the period before taxes9903 | €-2k | €-7k | €-2k | €-4k | €-2k | - |
| Income taxes67/77 | €1 | - | - | - | €2 | - |
| Profit (loss) for the period9904 | €-2k | €-7k | €-2k | €-4k | €-2k | - |
| Profit (loss) for the period to be appropriated9905 | €-2k | €-7k | €-2k | €-4k | €-2k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13k | €5k | €2k | €3k | €585 | - |
| Formation expenses20 | €0 | - | - | - | - | - |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €13k | €5k | €2k | €3k | €585 | - |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €5k | - | - | - | - | - |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €8k | €5k | €2k | €3k | €585 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13k | €5k | €2k | €3k | €585 | - |
| Equity10/15 | €11k | €3k | €444 | €-3k | €-5k | - |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | - |
| Reserves13 | €5k | €3k | €3k | €3k | €3k | - |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €0 | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €0 | - |
| Distributable reserves133 | - | €1k | €1k | €1k | €3k | - |
| Profit (loss) carried forward14 | €0 | €-7k | €-9k | €-12k | €-14k | - |
| Amounts payable17/49 | €2k | €2k | €2k | €6k | €6k | - |
| Amounts payable within one year42/48 | €2k | €2k | €2k | €6k | €6k | - |
| Trade debts44 | €348 | €348 | €348 | €0 | - | - |
| Suppliers440/4 | - | €348 | €348 | €0 | - | - |
| Other amounts payable47/48 | - | €2k | €2k | €6k | €6k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €-7k | €-2k | €-4k | €-2k | - |
| + Depreciation and write-downs630 | €0 | - | - | - | - | - |
| Operating cash flow (approximation) | €-2k | €-7k | €-2k | €-4k | €-2k | - |
| Change in cash | - | €-3k | €-2k | €171 | - | - |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
22-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
01-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
29-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
2021
02-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
17-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-01
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 6 acts read
About the unread acts
We know of 6 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
6 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, Peer · 1 establishment unit since 2000
Ground area
494 m²
Building footprint
349 m²
Volume, LiDAR
1,465 m³
Parcel 72030F0313/00H000, Flanders · tallest building 11.5 m, ±1 floor. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
Markt 47, 3990 Peer
since 20002.115.985.615
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72030F0313/00H000 | Flanders | 494 m² | 1 · 349 m² | 11.5 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
HELIOPOLIS. T
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CRESCENTIS
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WM & KL Immo
BE 1006.486.252
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CENTRE MÉDICAL SFERRAZZA F.
BE 0777.291.484
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't Oude Veer
BE 0447.686.771
Gent · Eq €415
Of 12,041 companies in sector 68203 we hold annual accounts for 5,989. 154 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
Founded07-06-2000
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.