GWD Projects
ActiveSummary
GWD Projects has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €385k and a net result of €63k. Equity is growing by ~42.8% per year across the filed fiscal years. Its solvency ranks better than 52% of 8663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▼-9
Solvency80=
Growth78=
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.04 against 2.06 in 2024; short-term debt: 40.4% and cash: 4.1% of total assets), and 45.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
54.8%
Return on assets
9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-09-2026, 38 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 · 5 filingsDeviation from the deadline
2025
38 d late
2024
56 d late
2023
30 d late
2022
23 d late
2021
30 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€385k▲ 19.7%
2024 · €322k
2021: €14k
2022: €84k
2023: €228k
2024: €322k
2021 → 2025
Total assets
€704k▲ 20.6%
2024 · €583k
2021: €198k
2022: €332k
2023: €459k
2024: €583k
2021 → 2025
Net result
€63k▼ 32.8%
2024 · €94k
2021: €14k
2022: €70k
2023: €144k
2024: €94k
2021 → 2025
Working capital
€296k▲ 35.7%
2024 · €218k
2021: €16k
2022: €90k
2023: €190k
2024: €218k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€14k-€84k▲ 514%€228k▲ 172%€322k▲ 41.5%€385k▲ 19.7%
Operating result€18k-€95k▲ 440%€185k▲ 95.8%€122k▼ 34.0%€78k▼ 36.3%
Net result€14k-€70k▲ 418%€144k▲ 106%€94k▼ 34.4%€63k▼ 32.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 36% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €704k
Fixed assets
€123k ▼ 22.5%
Current assets
€581k ▲ 36.7%
Equity and liabilities €704k
Equity
€385k ▲ 19.7%
Debt
€318k ▲ 21.7%
Debt's share of the balance-sheet total rises from 44.8% to 45.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€114k▼
2024 · €149k
Cash flow
€99k▼
2024 · €121k
Current ratio
2.04▼
2024 · 2.06
Debt to equity
0.83▲
2024 · 0.81
ROE
16.5%▼
2024 · 29.3%
ROA
9.0%▼
2024 · 16.2%
Interest coverage
16.30▼
2024 · 16.81
Debt ≤ 1 year
€284k▲
2024 · €206k
Debt > 1 year
€31k▼
2024 · €53k
Income taxes
€22k▼
2024 · €32k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€583k€704k▲
Fixed assets21/28€159k€123k▼
Tangible fixed assets22/27€157k€122k▼
Plant, machinery and equipment23€49k€38k▼
Furniture and vehicles24€109k€83k▼
Financial fixed assets28€1k€1k=
Current assets29/58€425k€581k▲
Stocks and contracts in progress3€0-
Stocks30/36€0-
Amounts receivable within one year40/41€413k€551k▲
Trade receivables40€104k€184k▲
Other amounts receivable41€309k€367k▲
Cash at bank and in hand54/58€10k€29k▲
Deferred charges and accrued income490/1€2k€978▼
Equity and liabilities
Total equity and liabilities10/49€583k€704k▲
Equity10/15€322k€385k▲
Contributions10/11€100€100=
Profit (loss) carried forward14€322k€385k▲
Amounts payable17/49€261k€318k▲
Amounts payable after more than one year17€53k€31k▼
Financial debts170/4€53k€31k▼
Amounts payable within one year42/48€206k€284k▲
Current portion of amounts payable after more than one year42€22k€22k▲
Trade debts44€71k€9k▼
Suppliers440/4€71k€9k▼
Advances received on contracts in progress46-€190k
Taxes, remuneration and social security45€47k€22k▼
Taxes450/3€47k€22k▼
Other amounts payable47/48€66k€41k▼
Accrued charges and deferred income492/3€1k€3k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€36k▲
Other operating charges640/8€961€1k▲
Gross operating margin9900€150k€115k▼
Operating profit (loss)9901€122k€78k▼
Financial income75/76B€13k€14k▲
Recurring financial income75€13k€14k▲
Financial charges65/66B€9k€7k▼
Recurring financial charges65€9k€7k▼
Profit (loss) for the period before taxes9903€126k€85k▼
Income taxes67/77€32k€22k▼
Profit (loss) for the period9904€94k€63k▼
Profit (loss) for the period to be appropriated9905€94k€63k▼
Appropriation of the result
Profit (loss) to be appropriated9906€322k€385k▲
Profit (loss) brought forward from the previous period14P€228k€322k▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 38 days late
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 56 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Highest result since 2021net €144k ▲106%
Operating result €185k, net result €144k, both a record.
31-12
Financial
Equity above €200kEq €228k ▲172%
3 profitable years in a row build equity to €228k.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 23 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Kalmthout · 1 establishment unit since 2021
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.
Prins Albertlei (Heide) 112920 KalmthoutGround area
201 m²
Building footprint
201 m²
Volume, LiDAR
1,873 m³
Parcel 11662E0604/00E003, Flanders · tallest building 20.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GWD Projects
since 20212.316.494.909
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11662E0604/00E003 | Flanders | 201 m² | 1 · 201 m² | 20.7 m · 3 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.
Recognitions · licences · registrations
Legal Entity Identifier
984500C655UBBEF73O52
Similar companies · same sector, comparable size
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BE 0544.897.005
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BBDISTRIBUTION
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53 PEOPLE
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SEGUY
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 36,623 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
47251Retail sale of wines and spirits
47252Retail sale of beverages, general range
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.