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GVB PROJECTS

Active
Private limited companyfounded 2024active for 1 yearGrote Gentweg 32, 9420 Erpe-Mere, BelgiumKBO/BCE: BE 1017.654.021
Summary

GVB PROJECTS has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37,977 and a net result of €34,477. Its solvency ranks better than 53% of 39,131 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Activity
Business and other management consultancy
NACE 70200
1 site
Size
€64,129total assets 2025
Equity
€37,977
Profit
€34,477
Turnover not published (micro format)
Financial health
96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
2025 accounts 52 days early
Why 96lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Liquidity: current ratio 2.45, cash €54,929Size: total assets €64,129Equity €37,977 (59.2% of total assets)Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 70% of its sector peers (NACE 70, micro)
Financial strength
Strong
Solvency 84
equity 59.2% of total assets
Liquidity 81
short-term debt 40.8% · cash 85.7%
Profitability 100
return on assets 53.8%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (48,420 companies, NACE 70, micro)
Last 24 months 01-2026: 0.4% 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026highest value 07-2026: < 0.1%▼ -0.4 percentage points vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €3,500 on 30-day terms is acceptable
Liquidity ample (current ratio 2.45, above the usual 1.5; short-term debt: 40.8% and cash: 85.7% of total assets), and 40.8% 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 70, micro): better than 54% on solvency, 72% on liquidity and 84% on profitability.

The bankruptcy probability was computed on 24-10-2026 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

Six signals.
lowers riskraises riskneutral
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
lowers risk · Liquidity: current ratio 2.45, cash €54,929
NBB · annual accounts
lowers risk · Size: total assets €64,129
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Equity €37,977 (59.2% of total assets)
NBB · annual accounts
raises risk · Young company
Founded in 2024, a year ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 years
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 09-06-2026, 52 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
52 days early
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2024.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. IncorporationAppointment: VAN BOXSTAEL Gunther (director)…

Financials · financial year 2025, micro format

Equity
€37,977
Total assets
€64,129
Net result
€34,477
Working capital
€37,977

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Equity and liabilities €64,129
Equity €37,977
Debt €26,152
Debt finances 40.8% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€45,906
Cash flow
€36,699
Current ratio
2.45
Debt to equity
0.69
ROE
90.8%
ROA
53.8%
Debt ≤ 1 year
€26,152
Income taxes
€9,207

Peer companies

Historical observation

Of the 11,280 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96.6% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
96.6% still going

For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 11,280 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 32 lines
Balance sheet Code2025
Assets
Total assets20/58€64,129
Formation expenses20€0
Current assets29/58€64,129
Amounts receivable within one year40/41€9,200
Trade receivables40€9,200
Cash at bank and in hand54/58€54,929
Equity and liabilities
Total equity and liabilities10/49€64,129
Equity10/15€37,977
Contributions10/11€3,500
Reserves13€34,477
Distributable reserves133€34,477
Amounts payable17/49€26,152
Amounts payable within one year42/48€26,152
Trade debts44€170
Suppliers440/4€170
Taxes, remuneration and social security45€22,455
Taxes450/3€20,205
Remuneration and social security454/9€2,250
Other amounts payable47/48€3,527
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,222
Other operating charges640/8€400
Gross operating margin9900€46,306
Operating profit (loss)9901€43,684
Financial income75/76B€0
Recurring financial income75€0
Profit (loss) for the period before taxes9903€43,684
Income taxes67/77€9,207
Profit (loss) for the period9904€34,477
Profit (loss) for the period to be appropriated9905€34,477
Appropriation of the result
Profit (loss) to be appropriated9906€34,477
Transfer to equity691/2€34,477
To the legal reserve6920€34,477

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,222
Other operating charges640/8€400
Gross operating margin9900€46,306
Operating profit (loss)9901€43,684
Financial income75/76B€0
Recurring financial income75€0
Profit (loss) for the period before taxes9903€43,684
Income taxes67/77€9,207
Profit (loss) for the period9904€34,477
Profit (loss) for the period to be appropriated9905€34,477
Line2025
Assets
Total assets20/58€64,129
Formation expenses20€0
Current assets29/58€64,129
Amounts receivable within one year40/41€9,200
Trade receivables40€9,200
Cash at bank and in hand54/58€54,929
Equity and liabilities
Total equity and liabilities10/49€64,129
Equity10/15€37,977
Contributions10/11€3,500
Reserves13€34,477
Distributable reserves133€34,477
Amounts payable17/49€26,152
Amounts payable within one year42/48€26,152
Trade debts44€170
Suppliers440/4€170
Taxes, remuneration and social security45€22,455
Taxes450/3€20,205
Remuneration and social security454/9€2,250
Other amounts payable47/48€3,527
Line2025
Profit (loss) for the period9904€34,477
+ Depreciation and write-downs630€2,222
Operating cash flow (approximation)€36,699

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 09-06-2026 2026-00146630

Similar companies · same sector, comparable size

Of the 82,448 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 54,247. 37,732 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director, no change since 2024
VAN BOXSTAEL Gunther
Director · since 23-12-2024
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

1 person since 2024, 1 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
VAN BOXSTAEL Gunther
  • Director, from 23-12-2024 to date
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Shareholders according to the deeds
At incorporation act of 23-12-2024 ↗

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 23-12-2024 Incorporation · €3,500 · 100 shares

Group and network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

GVB PROJECTS was incorporated on 19 December 2024 as a private limited company by one natural person, with a starting capital of €3,500.12 Since 2024, VAN BOXSTAEL Gunther has served as director of the company.2 The company has filed annual accounts once, for financial year 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 23-12-2024
  3. 3National Bank, annual accounts 2025

Acts, filings and financial milestones

2026
09-06
NBB filing Annual accounts filed
financial year 2025 · micro format
2024
23-12
Gazette deed Incorporation
Appointment: VAN BOXSTAEL Gunther (director) · Founder · Founding capital8 facts ▸
  • Incorporation, “GVB PROJECTS” (deed in Dutch)
  • Founder, VAN BOXSTAEL Gunther
  • Founding capital, €3,500
  • Bank account, “bijzondere rekening, BE63 0019 9682 3408” (deed in Dutch)
  • Other provision, “volstorting inbrengen”, EUR (deed in Dutch)
  • Registered office clause, “9420 Erpe-Mere(Erpe),Grote Gentweg 32” (deed in Dutch)
  • Director appointment, VAN BOXSTAEL Gunther (director)
  • Pre-incorporation commitments, “takeover, alle verbintenissen,verplichtingen,handelingen door oprichter in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
Gazette deedNBB filing
1 of 1 deed read

Register details

Identification
Legal formPrivate limited company
Founded19-12-2024
Financial year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68122Development of non-residential building projects
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
70100Activities of head offices
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:1017654021
Also 9925:BE1017654021
Registered 13-05-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 25 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1017.654.021

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Erpe-Mere · 1 establishment unit since 2024
registered office establishment The establishment unit on the map
Ground area
1,067 m²
Building footprint
163 m²
Building volume
898 m³
Parcel 41016D0461/00F000, Flanders · tallest building 9.3 m. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
GVB PROJECTS
Grote Gentweg 32, 9420 Erpe-MereBusiness and other management consultancy
since 2024unit no. 2.368.019.329
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
41016D0461/00F000 Flanders 1,067 m² 1 · 163 m² 9.3 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Het aanbieden van consultatie,strategische en management ondersteuning en andere diensten; Het uitvoeren van adviserende studies ter…” (deed in Dutch)
7 activities (deed in Dutch)
  1. Het aanbieden van consultatie,strategische en management ondersteuning en andere diensten;
  2. Het uitvoeren van adviserende studies ter verkenning,vergelijking en identificatie van nieuwe markten,producten,diensten,productie- en productontwikkelingsmethoden;
  3. Het waarnemen van bestuurdersfuncties,het verlenen van advies,management en andere diensten aan of in overeenstemming met de activiteiten die de vennootschap zelf voert.Deze diensten kunnen worden geleverd krachtens contractuele of statutaire benoemingen en in de hoedanigheid van externe raadgever of orgaan van de cliënt;
  4. Alle aannemingen van bouwwerken in het algemeen en onder meer het verhandelen van beton,metselwerk en van alle materialen,zowel verwerkt als niet verwerkt;
  5. Aankoop,verkoop,ruil van onroerende goederen;
  6. Bouwpromotie en oprichten van gebouwen voor zowel verkoop als verhuur in eigen beheer;
  7. Beheer van onroerend patrimonium.

The full purpose is in the deed

Name clauseThe name the company operates under according to its articles.
GVB PROJECTS
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams Gewest” (deed in Dutch)

deed of 23-12-2024

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
Each director alone
Board ruleHow the board is made up, meets and takes decisions.
“Met of zonder beperking van duur,onbepaalde duur bij gebrek aan bepaling, bestuursorgaan” (deed in Dutch)

deed of 23-12-2024

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
First Friday of June at 18:00

deed of 23-12-2024

Oversight and winding up

Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor

deed of 23-12-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Dagelijks bestuur, één of meer leden als gedelegeerd bestuurder of één of meer directeurs” (deed in Dutch)
Other provision: “Toegang algemene vergadering, houder effecten op naam ingeschreven in register per categorie” (deed in Dutch)
Other provision: “Stemrecht, wettelijke/statutaire aandelen zonder stemrecht” (deed in Dutch)
Other provision: “Schriftelijk,door alle middelen van overdracht, volmacht algemene vergadering” (deed in Dutch)
Other provision: “Alleen beslissen over voorstellen in agenda,tenzij alle op te roepen personen aanwezig/vertegenwoordigd en volmachten vermelden…” (deed in Dutch)
Other provision: “Meerderheid van stemmen,ongeacht aantal vertegenwoordigde effecten,behoudens wet/statuten, meerderheid” (deed in Dutch)
Other provision: “Bestemming winst-reserves, algemene vergadering op voorstel bestuursorgaan” (deed in Dutch)
Other provision: “EStox en UBO, eindverantwoordelijkheid bij bestuurder(s)” (deed in Dutch)
3 more provisions in the deed, see the deed of 23-12-2024

deed of 23-12-2024