GSP IMMO
ActiveGSP IMMO has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €216k and a net result of €-794. Equity is growing by ~4.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
46
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability37▼-3
Solvency49▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.03 against 0.19 in 2024; short-term debt: 30.4% and cash: 0.9% of total assets), and 76.1% of the assets are financed with debt.
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
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
36 d early
2023
35 d early
2022
24 d early
2021
31 d late
2020
25 d early
2019
29 d early
← before the deadline
after the deadline →
neutral · 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 monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€216k▼ 0.4%
2024 · €217k
2018: €299k
2019: €371k
2020: €364k
2021: €433k
2022: €490k
2023: €529k
2024: €217k
2018 → 2025
Total assets
€904k▼ 4.0%
2024 · €942k
2018: €1.35M
2019: €1.32M
2020: €1.26M
2021: €1.23M
2022: €1.20M
2023: €1.22M
2024: €942k
2018 → 2025
Net result
€-794
2024 · €7k
2018: €70k
2019: €72k
2020: €-7k
2021: €69k
2022: €57k
2023: €39k
2024: €7k
2018 → 2025
Working capital
€-266k▼ 37.9%
2024 · €-193k
2018: €-193k
2019: €-139k
2020: €-150k
2021: €-106k
2022: €-74k
2023: €-102k
2024: €-193k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€433k-€490k▲ 13.1%€529k▲ 7.9%€217k▼ 59.0%€216k▼ 0.4%
Operating result€112k-€97k▼ 13.1%€65k▼ 32.5%€26k▼ 59.7%€14k▼ 48.8%
Net result€69k-€57k▼ 17.9%€39k▼ 31.9%€7k▼ 80.7%€-794
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 49% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €904k
Fixed assets
€895k▼ 0.3%
Current assets
€9k▼ 79.9%
Equity and liabilities €904k
Equity
€216k▼ 0.4%
Debt
€688k▼ 5.1%
The debt ratio falls from 77.0% to 76.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€32k▼
2024 · €40k
Cash flow
€18k▼
2024 · €21k
Solvency
23.9%▲
2024 · 23.0%
Current ratio
0.03▼
2024 · 0.19
Quick ratio
0.03▼
2024 · 0.19
Debt / equity
3.19▼
2024 · 3.34
ROE
-0.4%▼
2024 · 3.5%
ROA
-0.1%▼
2024 · 0.8%
Interest coverage
2.26▼
2024 · 2.39
Debt
€688k▼
2024 · €725k
Debt ≤ 1 year
€275k▲
2024 · €237k
Debt > 1 year
€413k▼
2024 · €488k
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
Assets
Total assets20/58€942k€904k▼
Fixed assets21/28€898k€895k▼
Tangible fixed assets22/27€898k€893k▼
Land and buildings22€898k€893k▼
Financial fixed assets28-€2k
Current assets29/58€44k€9k▼
Amounts receivable within one year40/41€3k€487▼
Trade receivables40-€487
Other amounts receivable41€3k-
Cash at bank and in hand54/58€42k€8k▼
Equity and liabilities
Total equity and liabilities10/49€942k€904k▼
Equity10/15€217k€216k▼
Contributions10/11€7k€7k=
Outside capital11€7k€7k=
Other1109/19€7k€7k=
Reserves13€59k€59k=
Non-distributable reserves130/1€727€727=
Legal reserve130€727€727=
Tax-exempt reserves132€57k€57k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€150k€150k▼
Amounts payable17/49€725k€688k▼
Amounts payable after more than one year17€488k€413k▼
Financial debts170/4€488k€413k▼
Amounts payable within one year42/48€237k€275k▲
Current portion of amounts payable after more than one year42€77k€79k▲
Trade debts44€14k€487▼
Suppliers440/4€14k€487▼
Taxes, remuneration and social security45€2k€2k=
Taxes450/3€2k€2k=
Other amounts payable47/48€144k€194k▲
Accrued charges and deferred income492/3€125-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€19k▲
Other operating charges640/8€8k€9k▲
Gross operating margin9900€49k€41k▼
Operating profit (loss)9901€26k€14k▼
Financial charges65/66B€17k€14k▼
Recurring financial charges65€17k€14k▼
Profit (loss) for the period before taxes9903€10k€-794▼
Income taxes67/77€2k-
Profit (loss) for the period9904€7k€-794▼
Profit (loss) for the period to be appropriated9905€7k€-794▼
Appropriation of the result
Profit (loss) to be appropriated9906€150k€150k▼
Profit (loss) brought forward from the previous period14P€143k€150k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €500kEq €529k ▲7.9%
3 profitable years in a row build equity to €529k.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €69k
Net result €69k after one loss-making year.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-7k ▼109%
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €72k ▲3.2%
Operating result €113k, net result €72k, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-06
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.
Directors · office · real estate
Directors
7 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, La Hulpe · 2 establishment units since 2000
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Avenue Reine Astrid 921310 La HulpeGround area
11.0 ha
Building footprint
1,841 m²
Volume, LiDAR
8,924 m³
2 parcels, Wallonia · tallest building 14.1 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Parc Industriel(W-B) 17, 1440 Braine-le-Château
since 20002.096.371.324
GSP IMMO
since 20102.233.341.460
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25050C0039/00K000 | Wallonia | 10.1 ha | 1 · 113 m² | 14.1 m · 3 fl. |
| 25111A0681/00S002 | Wallonia | 8,270 m² | 1 · 1,728 m² | 5.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-10-1999
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.