GVDH PROJECTS
ActiveGVDH PROJECTS has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €516k and a net result of €-63k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 90% of 19357 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability5▼-12
Solvency100=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 8.51 against 23.94 in 2023; short-term debt: 11.7% and cash: 14.2% of total assets), and 11.7% 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
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
88.3%
Return on assets
-10.9%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-63k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-08-2025, 13 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
13 d late
2023
51 d late
2022
417 d late
2021
74 d late
2020
23 d late
2019
28 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€516k▼ 11.0%
2023 · €579k
2018: €627k
2019: €597k
2020: €596k
2021: €594k
2022: €590k
2023: €579k
2018 → 2024
Total assets
€585k▼ 3.3%
2023 · €605k
2018: €1.11M
2019: €990k
2020: €981k
2021: €1.10M
2022: €672k
2023: €605k
2018 → 2024
Net result
€-63k▼ 520%
2023 · €-10k
2018: €-10k
2019: €-30k
2020: €-1k
2021: €-1k
2022: €-5k
2023: €-10k
2018 → 2024
Working capital
€515k▼ 10.9%
2023 · €578k
2018: €648k
2019: €612k
2020: €596k
2021: €592k
2022: €588k
2023: €578k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€596k-€594k▼ 0.3%€590k▼ 0.8%€579k▼ 1.7%€516k▼ 11.0%
Operating result€8k-€3k▼ 65.1%€-2k€-8k▼ 269%€-61k▼ 682%
Net result€-1k-€-1k▼ 25.9%€-5k▼ 211%€-10k▼ 119%€-63k▼ 520%
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 €61k in 2024 against €8k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €585k
Fixed assets
€524▼ 55.3%
Current assets
€584k▼ 3.2%
Equity and liabilities €585k
Equity
€516k▼ 11.0%
Debt
€69k▲ 172%
The debt ratio rises from 4.2% to 11.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-60k▼
2023 · €-7k
Cash flow
€-63k▼
2023 · €-10k
Solvency
88.3%▼
2023 · 95.8%
Current ratio
8.51▼
2023 · 23.94
Quick ratio
8.51▼
2023 · 13.66
Debt / equity
0.13▲
2023 · 0.04
ROE
-12.3%▼
2023 · -1.8%
ROA
-10.9%▼
2023 · -1.7%
Interest coverage
-22.05▼
2023 · -2.70
Debt
€69k▲
2023 · €25k
Debt ≤ 1 year
€69k▲
2023 · €25k
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€605k€585k▼
Fixed assets21/28€1k€524▼
Tangible fixed assets22/27€974€524▼
Furniture and vehicles24€974€524▼
Financial fixed assets28€200-
Current assets29/58€603k€584k▼
Stocks and contracts in progress3€259k-
Stocks30/36€259k-
Amounts receivable within one year40/41€30k€501k▲
Other amounts receivable41€30k€501k▲
Cash at bank and in hand54/58€314k€83k▼
Equity and liabilities
Total equity and liabilities10/49€605k€585k▼
Equity10/15€579k€516k▼
Contributions10/11€600k€600k=
Reserves13€37k€37k=
Non-distributable reserves130/1€5k€5k=
Reserves not available under the articles1311€5k€5k=
Distributable reserves133€33k€33k=
Profit (loss) carried forward14€-58k€-121k▼
Amounts payable17/49€25k€69k▲
Amounts payable within one year42/48€25k€69k▲
Trade debts44€25k€9k▼
Suppliers440/4€25k€9k▼
Taxes, remuneration and social security45€143€60k▲
Taxes450/3€143€60k▲
Income statement
Code20232024
Non-recurring operating income76A-€400
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€449€449=
Other operating charges640/8-€63k
Gross operating margin9900€-7k€2k▲
Operating profit (loss)9901€-8k€-61k▼
Financial income75/76B€247€0▼
Recurring financial income75€247€0▼
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€-10k€-63k▼
Profit (loss) for the period9904€-10k€-63k▼
Profit (loss) for the period to be appropriated9905€-10k€-63k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-58k€-121k▼
Profit (loss) brought forward from the previous period14P€-48k€-58k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
2024
31-12
Financial
Weakest financial yearnet €-63k
Net result drops to €-63k, the lowest in the series.
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 51 days late
20-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 417 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 23.94
Current ratio from 8.17 to 23.94; short-term debt falls from €82k to €25k.
2022
31-12
Financial
Liquidity quadruplescurrent ratio 8.17
Current ratio from 2.16 to 8.17; short-term debt falls from €510k to €82k.
13-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 74 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
11-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 11 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, Tremelo · 1 establishment unit since 2014
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.
Nieuwstraat 163120 TremeloGround area
1,705 m²
Building footprint
195 m²
Volume, LiDAR
1,335 m³
Parcel 24109A0068/00H000, Flanders · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GVDH Projects
since 20142.238.651.716
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24109A0068/00H000 | Flanders | 1,705 m² | 1 · 195 m² | 11.4 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.
Similar companies · same sector, comparable size
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BE 0761.354.681
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CDFI
BE 0811.711.341
Braine-l'Alleud · Eq €516k
C.B.A. Advice
BE 0452.500.842
Evergem · Eq €516k
DEO Belgium
BE 0899.699.447
Etterbeek · Eq €516k
RTC
BE 0435.863.362
Dilsen-Stokkem · Eq €516k
Of 7,321 companies in sector 68110 we hold annual accounts for 5,382. 3,668 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded09-12-2014
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.