GPF1
ActiveSummary
GPF1 has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.49M and a net result of €216k. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 47% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+19
Solvency60▲+4
Growth39=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity short (current ratio 0.21 against 0.06 in 2024; short-term debt: 19.9% and cash: 0% of total assets), and 65.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven 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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
34.9%
Return on assets
5.1%
Age of the figures
9 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
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.49M
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 28-04-2026, 94 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
94 d early
2024
59 d early
2023
71 d early
2022
84 d early
2021
19 d early
2020
74 d early
2019
80 d early
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€1.05M▲ 7.9%
2021 · €971k
2018: €847k
2019: €824k▼ -2.7% vs 2018lowest in 5 years
2020: €940k▲ +14.1% vs 2019
2021: €971k▲ +3.3% vs 2020
2022: €1.05M▲ +7.9% vs 2021highest in 5 years
2018 → 2022
EBIT margin
30.7%▲ 22.2pp
2021 · 8.6%
2018: 34.1%highest in 5 years
2019: 19.6%▼ -42.4% vs 2018
2020: 21.3%▲ +8.7% vs 2019
2021: 8.6%▼ -59.9% vs 2020lowest in 5 years
2022: 30.7%▲ +259% vs 2021
2018 → 2022
Net result
€216k
2024 · €-23k
2018: €235khighest in 8 years
2019: €120k▼ -48.9% vs 2018
2020: €161k▲ +34.5% vs 2019
2021: €-5k▼ -103% vs 2020
2022: €204k▲ +4572% vs 2021
2023: €176k▼ -13.9% vs 2022
2024: €-23k▼ -113% vs 2023lowest in 8 years
2025: €216k▲ +1055% vs 2024
2018 → 2025
Working capital
€-672k▲ 24.7%
2024 · €-892k
2018: €240khighest in 8 years
2019: €220k▼ -8.4% vs 2018
2020: €-310k▼ -241% vs 2019
2021: €-838k▼ -170% vs 2020
2022: €-692k▲ +17.4% vs 2021
2023: €-923k▼ -33.3% vs 2022lowest in 8 years
2024: €-892k▲ +3.3% vs 2023
2025: €-672k▲ +24.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€971k-€1.05M▲ 7.9%
2021: €971k
2022: €1.05M▲ +7.9% vs 2021
Equity€1.29M-€1.63M▲ 26.6%€1.30M▼ 20.1%€1.28M▼ 2.1%€1.49M▲ 16.6%
2021: €1.29M
2022: €1.63M▲ +26.6% vs 2021highest in 5 years
2023: €1.30M▼ -20.1% vs 2022
2024: €1.28M▼ -2.1% vs 2023lowest in 5 years
2025: €1.49M▲ +16.6% vs 2024
Operating result€83k-€322k▲ 288%€296k▼ 7.9%€41k▼ 86.1%€341k▲ 729%
2021: €83k
2022: €322k▲ +288% vs 2021
2023: €296k▼ -7.9% vs 2022
2024: €41k▼ -86.1% vs 2023lowest in 5 years
2025: €341k▲ +729% vs 2024highest in 5 years
Net result€-5k-€204k€176k▼ 13.9%€-23k€216k
2021: €-5k
2022: €204k▲ +4572% vs 2021
2023: €176k▼ -13.9% vs 2022
2024: €-23k▼ -113% vs 2023lowest in 5 years
2025: €216k▲ +1055% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 729% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.26M
Fixed assets
€4.08M ▼ 1.3%
Current assets
€178k ▲ 236%
Equity and liabilities €4.26M
Equity
€1.49M ▲ 16.6%
Debt
€2.77M ▼ 4.8%
Debt's share of the balance-sheet total falls from 69.5% to 65.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€606k▲
2024 · €317k
Cash flow
€481k▲
2024 · €253k
Current ratio
0.21▲
2024 · 0.06
Debt to equity
1.86▼
2024 · 2.28
ROE
14.5%▲
2024 · -1.8%
ROA
5.1%▲
2024 · -0.5%
Interest coverage
10.30▲
2024 · 4.55
Debt ≤ 1 year
€850k▼
2024 · €945k
Debt > 1 year
€1.39M▼
2024 · €1.51M
Income taxes
€71k▲
2024 · €-1k
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 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.19M€4.26M▲
Formation expenses20€0€0=
Fixed assets21/28€4.14M€4.08M▼
Tangible fixed assets22/27€4.08M€4.02M▼
Land and buildings22€4.08M€4.02M▼
Financial fixed assets28€57k€63k▲
Current assets29/58€53k€178k▲
Amounts receivable within one year40/41€52k€165k▲
Trade receivables40€27k€165k▲
Other amounts receivable41€25k-
Current investments50/53€1k€13k▲
Cash at bank and in hand54/58€36€36=
Equity and liabilities
Total equity and liabilities10/49€4.19M€4.26M▲
Equity10/15€1.28M€1.49M▲
Contributions10/11€149k€149k=
Capital10€149k€149k=
Issued capital100€149k€149k=
Reserves13€576k€576k=
Non-distributable reserves130/1€15k€15k=
Legal reserve130€15k€15k=
Tax-exempt reserves132€1k€1k=
Distributable reserves133€560k€560k=
Profit (loss) carried forward14€424k€640k▲
Investment grants15€129k€125k▼
Amounts payable17/49€2.91M€2.77M▼
Amounts payable after more than one year17€1.51M€1.39M▼
Financial debts170/4€1.50M€1.38M▼
Other amounts payable178/9€7k€7k=
Amounts payable within one year42/48€945k€850k▼
Current portion of amounts payable after more than one year42€154k€164k▲
Trade debts44€172k€193k▲
Suppliers440/4€172k€193k▲
Taxes, remuneration and social security45€2k€6k▲
Taxes450/3€2k€6k▲
Other amounts payable47/48€617k€488k▼
Accrued charges and deferred income492/3€458k€532k▲
Income statement
Code20242025
Non-recurring operating income76A€12k€7k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€275k€265k▼
Other operating charges640/8€104k€106k▲
Non-recurring operating charges66A-€1k
Gross operating margin9900€421k€714k▲
Operating profit (loss)9901€41k€341k▲
Financial income75/76B€5k€4k▼
Recurring financial income75€5k€4k▼
Financial charges65/66B€70k€59k▼
Recurring financial charges65€70k€59k▼
Profit (loss) for the period before taxes9903€-24k€287k▲
Income taxes67/77€-1k€71k▲
Profit (loss) for the period9904€-23k€216k▲
Profit (loss) for the period to be appropriated9905€-23k€216k▲
Appropriation of the result
Profit (loss) to be appropriated9906€424k€640k▲
Profit (loss) brought forward from the previous period14P€447k€424k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €1.05M | €1.19M | - | - | - | - |
| Turnover70 | €971k | €1.05M | - | - | - | - |
| Other operating income74 | €74k | €142k | - | - | - | - |
| Non-recurring operating income76A | - | - | €9k | €12k | €7k | ▼ 43.6% |
| Operating charges60/66A | €962k | €868k | - | - | - | - |
| Services and other goods61 | €631k | €513k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €244k | €254k | €271k | €275k | €265k | ▼ 3.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €8k | - | - | - | - |
| Other operating charges640/8 | €87k | €93k | €100k | €104k | €106k | ▲ 2.1% |
| Non-recurring operating charges66A | €489 | - | €2k | - | €1k | - |
| Gross operating margin9900 | - | - | €669k | €421k | €714k | ▲ 69.8% |
| Operating profit (loss)9901 | €83k | €322k | €296k | €41k | €341k | ▲ 729% |
| Financial income75/76B | €6k | €4k | €4k | €5k | €4k | ▼ 12.7% |
| Recurring financial income75 | €4k | €4k | €4k | €5k | €4k | ▼ 12.7% |
| Other financial income752/9 | €4k | €4k | - | - | - | - |
| Non-recurring financial income76B | €2k | €8 | - | - | - | - |
| Financial charges65/66B | €51k | €54k | €70k | €70k | €59k | ▼ 15.5% |
| Recurring financial charges65 | €51k | €54k | €70k | €70k | €59k | ▼ 15.5% |
| Debt charges650 | €50k | €52k | - | - | - | - |
| Other financial charges652/9 | €1k | €2k | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €38k | €272k | €231k | €-24k | €287k | ▲ 1,310% |
| Income taxes67/77 | €43k | €68k | €55k | €-1k | €71k | ▲ 6,799% |
| Taxes670/3 | €43k | €69k | - | - | - | - |
| Tax adjustments and reversals of tax provisions77 | - | €1k | - | - | - | - |
| Profit (loss) for the period9904 | €-5k | €204k | €176k | €-23k | €216k | ▲ 1,055% |
| Profit (loss) for the period to be appropriated9905 | €-5k | €204k | €176k | €-23k | €216k | ▲ 1,055% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.65M | €4.50M | €4.58M | €4.19M | €4.26M | ▲ 1.7% |
| Formation expenses20 | - | - | €0 | €0 | €0 | - |
| Fixed assets21/28 | €4.35M | €4.46M | €4.28M | €4.14M | €4.08M | ▼ 1.3% |
| Tangible fixed assets22/27 | €4.30M | €4.41M | €4.22M | €4.08M | €4.02M | ▼ 1.4% |
| Land and buildings22 | €4.30M | €4.41M | €4.22M | €4.08M | €4.02M | ▼ 1.4% |
| Financial fixed assets28 | €52k | €53k | €57k | €57k | €63k | ▲ 10.1% |
| Other financial fixed assets284/8 | €52k | €53k | - | - | - | - |
| Amounts receivable and cash guarantees285/8 | €52k | €53k | - | - | - | - |
| Current assets29/58 | €297k | €34k | €299k | €53k | €178k | ▲ 236% |
| Amounts receivable within one year40/41 | €135k | €14k | €274k | €52k | €165k | ▲ 219% |
| Trade receivables40 | €68k | €4k | €274k | €27k | €165k | ▲ 516% |
| Other amounts receivable41 | €67k | €10k | - | €25k | - | - |
| Current investments50/53 | €19k | €2k | €7k | €1k | €13k | ▲ 881% |
| Other investments51/53 | €19k | €2k | - | - | - | - |
| Cash at bank and in hand54/58 | €141k | €19k | €18k | €36 | €36 | = |
| Deferred charges and accrued income490/1 | €858 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.65M | €4.50M | €4.58M | €4.19M | €4.26M | ▲ 1.7% |
| Equity10/15 | €1.29M | €1.63M | €1.30M | €1.28M | €1.49M | ▲ 16.6% |
| Contributions10/11 | €100k | €149k | €149k | €149k | €149k | = |
| Capital10 | €100k | €149k | €149k | €149k | €149k | = |
| Issued capital100 | €100k | €149k | €149k | €149k | €149k | = |
| Reserves13 | €533k | €576k | €576k | €576k | €576k | = |
| Non-distributable reserves130/1 | €10k | €15k | €15k | €15k | €15k | = |
| Legal reserve130 | €10k | €15k | €15k | €15k | €15k | = |
| Tax-exempt reserves132 | - | €1k | €1k | €1k | €1k | = |
| Distributable reserves133 | €523k | €560k | €560k | €560k | €560k | = |
| Profit (loss) carried forward14 | €516k | €771k | €447k | €424k | €640k | ▲ 50.9% |
| Investment grants15 | €142k | €137k | €133k | €129k | €125k | ▼ 3.3% |
| Amounts payable17/49 | €3.36M | €2.87M | €3.27M | €2.91M | €2.77M | ▼ 4.8% |
| Amounts payable after more than one year17 | €1.97M | €1.82M | €1.66M | €1.51M | €1.39M | ▼ 7.8% |
| Financial debts170/4 | €1.96M | €1.81M | €1.66M | €1.50M | €1.38M | ▼ 7.8% |
| Credit institutions173 | €1.96M | €1.81M | - | - | - | - |
| Other amounts payable178/9 | €7k | €7k | €7k | €7k | €7k | = |
| Amounts payable within one year42/48 | €1.13M | €726k | €1.22M | €945k | €850k | ▼ 10.0% |
| Current portion of amounts payable after more than one year42 | €153k | €152k | €152k | €154k | €164k | ▲ 6.5% |
| Trade debts44 | €129k | €14k | €148k | €172k | €193k | ▲ 12.0% |
| Suppliers440/4 | €129k | €14k | €148k | €172k | €193k | ▲ 12.0% |
| Taxes, remuneration and social security45 | - | - | €3k | €2k | €6k | ▲ 242% |
| Taxes450/3 | - | - | €3k | €2k | €6k | ▲ 242% |
| Other amounts payable47/48 | €853k | €561k | €919k | €617k | €488k | ▼ 21.0% |
| Accrued charges and deferred income492/3 | €256k | €322k | €390k | €458k | €532k | ▲ 16.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-5k | €204k | €176k | €-23k | €216k | ▲ 1,055% |
| + Depreciation and write-downs630 | €244k | €254k | €271k | €275k | €265k | ▼ 3.7% |
| Operating cash flow (approximation) | €239k | €458k | €447k | €253k | €481k | ▲ 90.3% |
| Investment in fixed assets (approximation) | - | €-364k | €-86k | €-132k | €-213k | ▼ 61.5% |
| Change in cash | - | €-123k | €-923 | €-18k | €0 | ▲ 100% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-09
State Gazette act
Reappointments: COGE4 SRL, FINAWIRS SA and BDOResignations: GP IMMO, FINAWIRS SA and Germain PORTIER · Permanent representatives: Germain PORTIER and Pierre PORTIER · Declaration10 facts ▸
State Gazette act
Reappointments: COGE4 SRL, FINAWIRS SA and BDO
Resignations: GP IMMO, FINAWIRS SA and Germain PORTIER · Permanent representatives: Germain PORTIER and Pierre PORTIER · Declaration10 facts ▸
- General meeting, 24-04-2026
- Director reappointment, COGE4 SRL (managing director)
- Director reappointment, FINAWIRS SA (managing director)
- Declaration, mandats non renouvelés, prennent fin à la date de la présente Assemblée générale ordinaire
- Director resignation, GP IMMO (managing director)
- Director resignation, FINAWIRS SA (managing director)
- Permanent representative, Germain PORTIER (permanent representative)
- Permanent representative, Pierre PORTIER (permanent representative)
- Auditor reappointment, BDO
- Director resignation, Germain PORTIER (day-to-day manager)
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €216k
Net result €216k after one loss-making year.
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-23k
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
21-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
08-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €204k
Net result €204k after one loss-making year.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
18-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
12-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
24-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
15-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
15-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 17 acts read
About the unread acts
Of the 17 Belgian State Gazette acts we know for this company, 1 has been read. The other 16 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2026
CoGe4
CurrentManaging director · Private limited company · perm. rep.: Raphaël GRIMONT
FINAWIRS
CurrentManaging director · Public limited company · perm. rep.: Germain PORTIER
24-04-2026
FINAWIRS: Reappointed as Managing director
24-04-2026
GPImmo: Resigned as Managing director
Not every act has been read: a resignation may be missing here
16 of this company's 17 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Flémalle · 1 establishment unit since 2014
Ground area
1,543 m²
Building footprint
397 m²
Volume, LiDAR
2,456 m³
Parcel 62007A0161/00G000, Wallonia · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
21
companies at this address
See who is registered here
1 establishment unit
GPF1
since 20142.230.507.080
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62007A0161/00G000 | Wallonia | 1,543 m² | 1 · 397 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| BDOCurrent Auditor · represented by Christian SCHMETZ | 11-09-2026 → present |
Structure & network
Connections & network
4 connected companiesThis company
Company
Director
Shareholding
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
Shared corporate director
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Shared corporate director
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Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 3,871 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded24-10-2013
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Contact
E-mail
la@group-portier.beFlémalle
Phone
04/273.72.00Flémalle
Fax
04/275.65.09Flémalle
Scores and ratios are computed by Checked and are not a credit decision.