GTM Development
The computed 12-month bankruptcy probability of GTM Development is 3.3% (moderate). The 2024 annual accounts show negative equity (€-30k) and a net result of €-961. Equity is shrinking by ~8% per year across the filed fiscal years. Its solvency ranks better than 5% of 2536 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-30k |
| Net result | €-961 |
| Better than sector | 5% |
| Active | 5 yrs |
Fragile profile, watch health in particular.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -362.8% | 56.3% | |
| Net result | €-961 | €19k | |
| Equity | €-30k | €44k | |
| Gross operating margin | €-539 | €37k | |
| Total assets | €8k | €93k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €-539 |
| Net profit | €-961 |
| Cash flow | €-728 |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €8k |
| Equity | €-30k |
| Debt | €38k |
| of which ≤ 1y | €38k |
| of which > 1y | - |
| Working capital | €-30k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.21 |
| Quick ratio | 0.05 |
| Working capital ratio | -366.9% |
| Solvency | -362.8% |
| Debt / equity | -1.28 |
| Long-term debt ratio | - |
| Interest coverage | -2.85 |
| Gross margin | - |
| Net margin | - |
| ROA | -11.7% |
| ROE | 3.2% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €8k |
| Formation expenses | 20 | €331 |
| Current assets | 29/58 | €8k |
| Stocks & contracts in progress | 3 | €6k |
| Amounts receivable within one year | 40/41 | €2k |
| Cash & bank | 54/58 | €129 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €8k |
| Equity | 10/15 | €-30k |
| Contributions / capital | 10/11 | €2k |
| Accumulated profits (losses) | 14 | €-31k |
| Amounts payable | 17/49 | €38k |
| Amounts payable within one year | 42/48 | €38k |
| Trade debts payable within one year | 44 | €538 |
| Income statement | ||
| Gross operating margin | 9900 | €-539 |
| Operating result | 9901 | €-772 |
| Financial charges | 65 | €189 |
| Result before taxes | 9903 | €-961 |
| Net result for the period | 9904 | €-961 |
| Result to be appropriated | 9905 | €-961 |
Former directors (2)
-
Former- → 30-09-2025
-
Former- → 28-02-2022
| NACE primary | Advertising & market research(73110) |
| Legal form | Private limited company(610) |
| Incorporation | 02-06-2021 |
| Status | Active |
| Postal code | 4170 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62026D0985/00F002 | Wallonia | 125 m² | 1 · 53 m² | 8.2 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
30-12-2025 Laetitia Damoiseau resigns as director
- Laetitia Damoiseau, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Laetitia Damoiseau",
"address": null,
"birth_date": null
},
"effective_date": "2025-09-30",
"evidence_quote": "D\u00E9mission de Laetitia Damoiseau au poste d\u0027Administrateur et ce \u00E0 dater de ce jour."
}
],
"schema": "v3.2",
"act_meta": {
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},
"subject_company": {
"kbo": "0769.276.910",
"name_full": "GTM DEVELOPMENT",
"legal_form": "SRL"
}
}18-11-2025 Registered office moved within Comblain-au-Pont
- Rue des Grottes 31, 4170 Comblain-au-Pont → Rue de la communale 4A, 4170 Comblain-au-Pont
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Comblain-au-Pont",
"region": null,
"street": "Rue de la communale",
"country": "BE",
"postcode": "4170",
"box_number": null,
"street_number": "4A"
},
"old_address": {
"city": "Comblain-au-Pont",
"region": null,
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"country": "BE",
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"box_number": null,
"street_number": "31"
},
"effective_date": "2023-11-01",
"evidence_quote": "Il est propos\u00E9 de transf\u00E9rer le si\u00E8ge \u00E0 cette nouvelle adresse. ... l\u0027assembl\u00E9e d\u00E9cide \u00E0 l\u0027unanimit\u00E9 de proc\u00E9der au changement d\u0027adresse du si\u00E8ge de la soci\u00E9t\u00E9 SRL GTM Development. Ce changement prendra effet \u00E0 partir du 01 novembre 2023."
}
],
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"act_meta": {
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"name_full": "GTM DEVELOPMENT",
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}
}06-05-2022 Nicolas ANDRE resigns as managing director
- Nicolas ANDRE, Gedelegeerd bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "gedelegeerd_bestuurder",
"person": {
"rrn": null,
"name": "Nicolas ANDRE",
"address": null,
"birth_date": null
},
"effective_date": "2022-02-28",
"evidence_quote": "L\u0027Assembl\u00E9e G\u00E9n\u00E9rale accepte la d\u00E9mission de Monsieur Nicolas ANDRE en tant que g\u00E9rant de la sri, et ce \u00E0 dater du 28.02.2022.",
"discharge_granted": true
}
],
"schema": "v3.2",
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},
"subject_company": {
"kbo": "0769.276.910",
"name_full": "GTM DEVELOPMENT",
"legal_form": "SRL"
}
}04-06-2021 Incorporation of a new SRL
Technical details
{
"kind": "oprichting",
"seat": "4040 Herstal, Rue d\u0027Abhooz 31",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1986-02-03",
"name": "HUMBLET Ludovic St\u00E9phan Fran\u00E7ois Simon",
"niss": null,
"address": "4130 Esneux, Place du Saucy 7/0021"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 50,
"holder_person_name": "HUMBLET Ludovic St\u00E9phan Fran\u00E7ois Simon",
"is_subscriber_only": false,
"n_shares_subscribed": 50,
"amount_subscribed_eur": 50,
"is_anonymous_silent_partner": false
},
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1986-02-07",
"name": "ANDRE Nicolas Ghislain Claude",
"niss": null,
"address": "4500 Huy, Avenue Pierre Dijon 22/000A"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 50,
"holder_person_name": "ANDRE Nicolas Ghislain Claude",
"is_subscriber_only": false,
"n_shares_subscribed": 50,
"amount_subscribed_eur": 50,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 100,
"subject_company": {
"kbo": "0769.276.910",
"name_full": "GTM Development",
"legal_form": "SRL"
},
"initial_directors": [],
"incorporation_date": "2021-06-02",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | GTM Development |