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Gust Projectontwikkeling

Active
Private limited companyfounded 1989active for 37 yearsZwaarveld 41, 9220 Hamme (Vl.), Belgium19 active companies are registered at this addressKBO/BCE: BE 0437.634.108
Summary

The computed 12-month bankruptcy probability of Gust Projectontwikkeling is 1.7% (moderate). The 2024 annual accounts show equity of €568,399 and a net result of €99,169. Equity is shrinking by about 5.7% per year across the filed financial years. Its solvency ranks better than 73% of 2,074 sector peers (NACE 41, financial year 2024). The company has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
General construction of residential buildings
NACE 41001
1 site
Size
€945,111total assets 2024
Staff
6.4 FTE
Equity
€568,399
Profit
€99,169
Turnover not published (abbreviated format)
Financial health
56 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
1.7%
Structure
  • Gust GroepDirector · permanent representative Stijn Verhelst
  • VRG PROJECTSDirector · permanent representative VERHAVERT Guy
Accounts 74 days overdue2 of 4 deeds read
Why 56raises riskFigures for financial year 2024 (filed 22-08-2025)1 change of registered office in 24 monthslowers riskFounded in 1989Liquidity: current ratio 2.18, cash €143,027Show the evidence

Checked score

Score 2024
56 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 63% of its sector peers (NACE 41, micro)
Financial strength · tick = 2023
Strong
Solvency 85+10
equity 60.1% of total assets
Liquidity 51+10
short-term debt 39.0% · cash 15.1%
Profitability 82+17
return on assets 10.5%
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.5% (13,400 companies, NACE 41, micro)
Last 24 months 11-2024: 0.5% 12-2024: 0.5%● unchanged vs 11-2024 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.4%▼ -0.1 percentage points vs 05-2025 07-2025: 0.6%▲ +0.2 percentage points vs 06-2025 08-2025: 0.9%▲ +0.3 percentage points vs 07-2025 09-2025: 0.2%▼ -0.7 percentage points vs 08-2025lowest value 10-2025: 0.2%● unchanged vs 09-2025lowest value 11-2025: 0.2%● unchanged vs 10-2025lowest value 12-2025: 0.2%● unchanged vs 11-2025lowest value 01-2026: 0.2%● unchanged vs 12-2025lowest value 02-2026: 0.2%● unchanged vs 01-2026lowest value 03-2026: 0.2%● unchanged vs 02-2026lowest value 04-2026: 0.4%▲ +0.2 percentage points vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.7%▲ +0.3 percentage points vs 07-2026 09-2026: 0.9%▲ +0.2 percentage points vs 08-2026 10-2026: 1.7%▲ +0.8 percentage points vs 09-2026highest value
Credit of up to €30,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity ample (current ratio 2.18, compared with 1.89 in 2023, above the usual 1.5; short-term debt: 39% and cash: 15.1% of total assets), and 39.9% of the assets are financed with debt and provisions.
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 41, micro): better than 69% on solvency, 53% on liquidity, 64% on profitability and 65% on growth.

The bankruptcy probability was computed on 12-10-2026 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

Seven signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2024 (filed 22-08-2025)
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Founded in 1989
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Liquidity: current ratio 2.18, cash €143,027
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year €568,399
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 74 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline13-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
22 days late
2023
21 days early
2022
12 days early
2021
11 days late
2020
31 days late
2019
53 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 14 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignations: Dirk De Maseneir (statutory director)…Appointment: VRG Projects (director) ·…
  2. Resignations: Dirk De Maseneir (director) and…Appointment: Gust Groep (director) ·…
  3. Annual accounts filedfinancial year 2024 · abbreviated…

Key points

  • Positive: Result rose in 2024from €12,053 to €99,169 ▲ 723% View
  • Caution: Board changedlatest change 28-07-2026 · 2 in office 2 joined · 3 left View
  • Caution: Accounts not fileddeadline was 31-07-2026 74 days late View

By topic

Financials

Financial year
2024
Total assets
€945,111
Profit
€99,169
Solvency
60.1%
Total assets▲ 0.4%
Net result
20182024
Go to Financials

Timeline

Events
41
Since
1990
  1. 31-12-2024Highest result from 2018 to 2024
  2. 31-12-2024Equity above €500,000
  3. 10-07-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
General construction of residential buildingsNACE 41001
Founded
27-05-1989
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
5
Purpose
“De aan- en verkoop van alle onroerende goederen; Het laten uitvoeren van alle…” (deed in Dutch)
Go to Articles of association

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