Equity
-€54,825
Debts exceed assets in financial year 2025.
GW DEVELOPMENT
Lifetime
3 annual accounts with figures on one time axispeak €11,501 (2025)
€11,501▲ €19,105
lowest -€49,031 (2023)
€3,487▲ €17,284
peak -€44,515 (2023)
-€54,825▲ €3,487
€94,966▼ 2.0%
Board1 name since 2015
1 director
Documentsfilings and deeds
15-07-202616 days before the deadline
2025micro format
Gross margin from -€7,604 to €11,501Back to profit: €3,487
Key points
from the 2025 annual accountsDebts
€94,966 237% of the balance sheet
Suppliers 3%Taxes and wages 1%Other 97%
Position in the sector
-136.6%
Lower solvency than 95% of companies in real estate. Sector median 31.0% · 19,803 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 3,631 companies had the same profile as GW DEVELOPMENT has now. Each dot stands for 10 companies, two years later.
91.8%
were still trading
4.8%
stopped another way
2.9%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,631 companies, not a prediction for GW DEVELOPMENT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0639930873
Appointment: (statutory director)
Legal-form conversion: from limited partnership to private limited company · General meeting of 08-12-2023 · Gazette deed
Registered office moved within Brussels
New registered office: 147 rue Sans Souci à 1050 Bruxelles · Previous registered office: Rue de Vergnies 29 à 1050 Bruxelles · General meeting of 20-04-2017 · Gazette deed
Incorporation
Founders: (associée commandité) and (associée commanditaire) · Founding capital of €500, 50 shares · Appointment: (manager) · published on 14-10-2015 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GW DEVELOPMENT Ixelles | €40,141 | €11,501 | -136.6% | - |
| DCRE Kalmthout | €35,163 | €10,260 | 10.8% | 0 |
| DDA Properties Woluwe-Saint-Lambert | €31,071 | €9,505 | 45.3% | - |
| C.A. IMMO INVEST Evere | €36,678 | €8,279 | 60.6% | - |
| CITY RETAIL Sint-Gillis (bij-Brussel) | €46,945 | €13,126 | 26.2% | - |
| REAL ESTATE LAND Etterbeek | €53,765 | €11,776 | 87.1% | - |
| Açai du Nord Forest | €41,025 | €7,240 | 8.5% | - |
These companies have the same main activity as GW DEVELOPMENT: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €31,100 and €53,800, founded between 2012 and 2018.
Official details
Source: KBO- Status
- Active since 05-10-2015Normal situation
- Activity
- Real estate agency activitiesNACE 68310and 6 others
- Establishment unit
- 2.246.074.5901050 Ixelles, since 01-10-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 15-01-2026
Annual accounts 2025
- ≈ €49,000estimated
- €40,141▲ 4.0%
- Filing
- Filed on 15-07-2026, 16 days before the end of the filing period
Insights on GW DEVELOPMENT
GW DEVELOPMENT files the micro format. That format states no turnover. The gross margin rose from -€39,648 in 2023 to €11,501 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GW DEVELOPMENT
- What is the company number of GW DEVELOPMENT?
- The company number of GW DEVELOPMENT is 0639.930.873. The VAT number is the same number with BE in front: BE 0639.930.873.
- Where is GW DEVELOPMENT based?
- The registered office is at Sans Soucistraat 147, 1050 Ixelles.Company details
- What does GW DEVELOPMENT do?
- According to the KBO register, the main activity is real estate agency activities (NACE 68310).
- What is the legal form of GW DEVELOPMENT?
- GW DEVELOPMENT is a private limited company (BV).
- When was GW DEVELOPMENT founded?
- GW DEVELOPMENT was founded on 05-10-2015.
- Is GW DEVELOPMENT still active?
- Yes, GW DEVELOPMENT is an active enterprise in the KBO register.
- What is the turnover of GW DEVELOPMENT?
- The turnover in financial year 2025 is ≈ €49,000. This figure is estimated from the gross margin of €11,501 and 37 comparable companies (NACE 68310). It probably lies between €17,000 and €84,000. It is a rough estimate.Financials
- Is GW DEVELOPMENT profitable?
- In financial year 2025, GW DEVELOPMENT made a profit of €3,487.
- Where can I find the annual accounts of GW DEVELOPMENT?
- GW DEVELOPMENT filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GW DEVELOPMENT due?
- GW DEVELOPMENT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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