GTM Development
ActiveSummary
The computed 12-month bankruptcy probability of GTM Development is 6.6% (elevated). The 2024 annual accounts show negative equity (-€29,698) and a net result of -€961. Equity is shrinking by ~8% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 4 accounts on average 50 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
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Peer companies
Historical observationOf the 6,035 companies that looked in July 2024 the way this one looks now, 7.2% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 6.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 6,035 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 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €135 | €233 | €233 | €233 | = |
| Non-recurring operating charges66A | €1,907 | - | - | - | - |
| Gross operating margin9900 | -€19,768 | -€6,868 | -€935 | -€539 | ▲ 42.4% |
| Operating profit (loss)9901 | -€21,811 | -€7,101 | -€1,168 | -€772 | ▲ 33.9% |
| Financial income75/76B | €18 | €59 | - | - | - |
| Recurring financial income75 | €18 | €59 | - | - | - |
| Financial charges65/66B | €20 | €36 | €178 | €189 | ▲ 6.4% |
| Recurring financial charges65 | €20 | €36 | €178 | €189 | ▲ 6.4% |
| Profit (loss) for the period before taxes9903 | -€21,813 | -€7,079 | -€1,346 | -€961 | ▲ 28.6% |
| Profit (loss) for the period9904 | -€21,813 | -€7,079 | -€1,346 | -€961 | ▲ 28.6% |
| Profit (loss) for the period to be appropriated9905 | -€21,813 | -€7,079 | -€1,346 | -€961 | ▲ 28.6% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €24,388 | €8,946 | €8,346 | €8,185 | ▼ 1.9% |
| Formation expenses20 | €1,030 | €797 | €564 | €331 | ▼ 41.3% |
| Fixed assets21/28 | €2,550 | €0 | - | - | - |
| Financial fixed assets28 | €2,550 | €0 | - | - | - |
| Current assets29/58 | €20,807 | €8,149 | €7,782 | €7,854 | ▲ 0.9% |
| Stocks and contracts in progress3 | €9,778 | €6,053 | €6,053 | €6,053 | = |
| Stocks30/36 | €9,778 | €6,053 | €6,053 | €6,053 | = |
| Amounts receivable within one year40/41 | €8,467 | €1,477 | €1,573 | €1,673 | ▲ 6.3% |
| Trade receivables40 | €4,437 | €35 | €0 | - | - |
| Other amounts receivable41 | €4,029 | €1,442 | €1,573 | €1,673 | ▲ 6.3% |
| Cash at bank and in hand54/58 | €2,563 | €619 | €156 | €129 | ▼ 17.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €24,388 | €8,946 | €8,346 | €8,185 | ▼ 1.9% |
| Equity10/15 | -€20,313 | -€27,391 | -€28,737 | -€29,698 | ▼ 3.3% |
| Contributions10/11 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Profit (loss) carried forward14 | -€21,813 | -€28,891 | -€30,237 | -€31,198 | ▼ 3.2% |
| Amounts payable17/49 | €44,700 | €36,338 | €37,083 | €37,884 | ▲ 2.2% |
| Amounts payable after more than one year17 | €10,565 | €13,895 | €0 | - | - |
| Financial debts170/4 | €10,565 | €13,895 | €0 | - | - |
| Amounts payable within one year42/48 | €34,135 | €22,443 | €37,083 | €37,884 | ▲ 2.2% |
| Current portion of amounts payable after more than one year42 | €6,660 | €0 | - | - | - |
| Trade debts44 | €16,335 | €843 | €448 | €538 | ▲ 20.3% |
| Suppliers440/4 | €16,335 | €843 | €448 | €538 | ▲ 20.3% |
| Taxes, remuneration and social security45 | €0 | €0 | €0 | - | - |
| Taxes450/3 | €0 | €0 | €0 | - | - |
| Remuneration and social security454/9 | €0 | - | - | - | - |
| Other amounts payable47/48 | €11,140 | €21,600 | €36,635 | €37,345 | ▲ 1.9% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,813 | -€7,079 | -€1,346 | -€961 | ▲ 28.6% |
| + Depreciation and write-downs630 | €135 | €233 | €233 | €233 | = |
| Operating cash flow (approximation) | -€21,677 | -€6,845 | -€1,113 | -€728 | ▲ 34.6% |
| Investment in fixed assets (approximation) | - | €2,317 | - | - | - |
| Change in cash | - | -€1,944 | -€463 | -€27 | ▲ 94.2% |
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
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62026D0985/00F002 | Wallonia | 125 m² | 1 · 53 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.