GVD Projects
ActiveGVD Projects has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €95k and a net result of €-8k. Equity is shrinking by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 40% of 19345 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency46▲+1
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 24.99 against 6.43 in 2023), but 80.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
19.5%
Return on assets
-1.6%
Age of the figures
20 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
21222324
2021 to 2024 · latest year -€8k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
43 d late
2022
3 d early
2021
24 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€95k▼ 7.4%
2023 · €102k
2021: €102k
2022: €124k
2023: €102k
2021 → 2024
Total assets
€487k▼ 16.5%
2023 · €583k
2021: €847k
2022: €1.21M
2023: €583k
2021 → 2024
Net result
€-8k▲ 64.4%
2023 · €-21k
2021: €2k
2022: €22k
2023: €-21k
2021 → 2024
Working capital
€444k▼ 9.9%
2023 · €492k
2021: €302k
2022: €791k
2023: €492k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€102k-€124k▲ 21.4%€102k▼ 17.2%€95k▼ 7.4%
Operating result€10k-€37k▲ 289%€-15k€-6k▲ 59.7%
Net result€2k-€22k▲ 1,056%€-21k€-8k▲ 64.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2024 against €15k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €487k
Fixed assets
€25k
Current assets
€462k
Equity and liabilities €487k
Equity
€95k▼ 7.4%
Debt
€392k▼ 18.4%
The debt ratio falls from 82.4% to 80.5%: debt falls faster than equity shrinks.
Key figures and ratios
Solvency
19.5%▲
2023 · 17.6%
Current ratio
24.99▲
2023 · 6.43
Quick ratio
6.65▲
2023 · 6.43
Debt / equity
4.14▼
2023 · 4.69
ROE
-8.0%▲
2023 · -20.8%
ROA
-1.6%▲
2023 · -3.6%
Debt
€392k▼
2023 · €481k
Debt ≤ 1 year
€18k▼
2023 · €91k
Debt > 1 year
€374k▼
2023 · €390k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€583k€487k▼
Fixed assets21/28-€25k
Financial fixed assets28-€25k
Current assets29/58€583k€462k▼
Stocks and contracts in progress3-€339k
Stocks30/36-€339k
Amounts receivable within one year40/41-€51k
Trade receivables40-€50k
Other amounts receivable41-€1k
Cash at bank and in hand54/58€583k€71k▼
Equity and liabilities
Total equity and liabilities10/49€583k€487k▼
Equity10/15€102k€95k▼
Contributions10/11€100k€100k=
Reserves13€2k-
Distributable reserves133€2k-
Profit (loss) carried forward14-€-5k
Amounts payable17/49€481k€392k▼
Amounts payable after more than one year17€390k€374k▼
Financial debts170/4€390k€374k▼
Amounts payable within one year42/48€91k€18k▼
Trade debts44€3k€7k▲
Suppliers440/4€3k€7k▲
Taxes, remuneration and social security45€67k-
Taxes450/3€67k-
Other amounts payable47/48€20k€11k▼
Income statement
Code20232024
Other operating charges640/8€10k€1k▼
Gross operating margin9900€-5k€-5k▲
Operating profit (loss)9901€-15k€-6k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€7k€2k▼
Recurring financial charges65€7k€2k▼
Profit (loss) for the period before taxes9903€-21k€-8k▲
Profit (loss) for the period9904€-21k€-8k▲
Profit (loss) for the period to be appropriated9905€-21k€-8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-21k€-8k▲
Transfer from equity791/2€21k€2k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity quadruplescurrent ratio 24.99
Current ratio from 6.43 to 24.99; short-term debt falls from €91k to €18k.
12-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 43 days late
2023
31-12
Financial
Weakest financial yearnet €-21k ▼198%
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 6.43
Current ratio from 2.89 to 6.43; short-term debt falls from €419k to €91k.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €22k ▲1056%
Operating result €37k, net result €22k, both a record.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Ninove · 1 establishment unit since 2020
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.
Gezellestraat(App) 839400 NinoveGround area
738 m²
Building footprint
161 m²
Volume, LiDAR
800 m³
Parcel 41003B0607/00H002, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GVD Projects
since 20202.298.504.278
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41003B0607/00H002 | Flanders | 738 m² | 1 · 161 m² | 7.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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HENDRIX BOUW
BE 0787.607.534
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ZARRIMMO
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Kortemark · Eq €95k
CLOS DU PARC IMMO
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Of 9,633 companies in sector 68121 we hold annual accounts for 7,328. 5,243 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-01-2020
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.