Summary
Conclusion
the dossier summarised in one paragraphGD Group is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €57.88M and a net result of €6.09M. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 48% of 216 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 5 annual accounts.
Signals
1 signal · with evidenceConsistently profitable
Positive net result in the two most recent financial years (2024 and 2025).
View the result trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideLatest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-04-2026, 92 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
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.
How we compute the deadline
The year end is derived from 5 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | 30-04-2026 | 92 d early | 2026-00098380 |
| 31-12-2024 | 31-07-2025 | 16-05-2025 | 76 d early | 2025-00097961 |
| 31-12-2023 | 31-07-2024 | 20-06-2024 | 41 d early | 2024-00149286 |
| 31-12-2022 | 31-07-2023 | 22-06-2023 | 39 d early | 2023-00153085 |
| 31-12-2021 | 31-07-2022 | 05-07-2022 | 26 d early | 2022-20150351 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsMore than 3 years active
Founded in 2020, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneThis is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.
Financials
Equity€57.88M-6.3%
Net result€6.09M+470.6%
Total assets€108.22M-0.2%
Solvency53.5%-3.5pp
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 30-04-2026 with the NBB · fiscal year 2025 · volledig
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 5 fiscal years (±1.8%/year).
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 64, Financial services · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 53.5% | 55.4% | |
| Net result | €6.09M | €65k | |
| Equity | €57.88M | €3.31M | |
| Staff costs | €251k | €345k | |
| Employees (FTE) | 1.8 | 3.6 |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P48
Stable position over 2021-2025
· n=216-678
P88
Improving position over 2021-2025
· n=216-677
P81
Stable position over 2021-2025
· n=216-678
P35
Stable position over 2021-2025
· n=55-164
Describes the position versus peers, not a forecast.
€6.09M
+470.6%
21-25
€108.22M
-0.2%
21-25
€57.88M
-6.3%
21-25
2
0.0%
21-25
€251k
+22.3%
21-25
€415
-3.5%
21-25
€50.34M
+8.0%
21-25
€3.06M
+2245.4%
21-25
€47.25M
+1.6%
21-25
53.5%
-6.2%
21-25
10.5%
+509.2%
21-25
5.6%
+471.7%
21-25
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Deposit | volledig |
| Revenue | n/a |
| EBITDA | n/a |
| Net profit | €6.09M |
| Cash flow | n/a |
| Staff costs | €251k |
| Income taxes | €415 |
| Dividends | - |
| Total assets | €108.22M |
| Equity | €57.88M |
| Debt | €50.34M |
| of which ≤ 1y | €3.06M |
| of which > 1y | €47.25M |
| Working capital | n/a |
| Employees (FTE) | 1.8 |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | n/a |
| Quick ratio | n/a |
| Working capital ratio | n/a |
| Solvency | 53.5% |
| Debt / equity | n/a |
| Long-term debt ratio | n/a |
| Interest coverage | n/a |
| Gross margin | n/a |
| Net margin | n/a |
| ROA | 5.6% |
| ROE | 10.5% |
| EBITDA margin | n/a |
| Days sales outstanding | n/a |
| Days payable outstanding | n/a |
| Inventory turnover | n/a |
| Days inventory (DSI) | n/a |
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €108.22M |
| Fixed assets | 21/28 | €107.80M |
| Tangible fixed assets | 22/27 | €635 |
| Financial fixed assets | 28 | €107.80M |
| Current assets | 29/58 | €422k |
| Amounts receivable within one year | 40/41 | €336k |
| Cash & bank | 54/58 | €86k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €108.22M |
| Equity | 10/15 | €57.88M |
| Contributions / capital | 10/11 | €51.79M |
| Accumulated profits (losses) | 14 | €6.09M |
| Amounts payable | 17/49 | €50.34M |
| Amounts payable after one year | 17 | €47.25M |
| Amounts payable within one year | 42/48 | €3.06M |
| Trade debts payable within one year | 44 | €413k |
| Income statement | ||
| Turnover | 70 | €880k |
| Operating result | 9901 | €-383k |
| Financial income | 75 | €10.41M |
| Financial charges | 65 | €3.94M |
| Result before taxes | 9903 | €6.09M |
| Income taxes | 67/77 | €415 |
| Net result for the period | 9904 | €6.09M |
| Result to be appropriated | 9905 | €6.09M |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
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Ratios computed by Checked.
Health barometer
FY 2025 · computedModel not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.
Directors
Directors & mandates
2 directorsCurrent directors & mandates
-
STS Holding BVLegal entityDirector· perm. rep.: Stijn StragierState Gazette act 20364576 (24-12-2020)Current10-12-2020 → present
-
VEP Holding BVLegal entityDirector· perm. rep.: Peter VermeeschState Gazette act 20364576 (24-12-2020)Current10-12-2020 → present
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Statutory auditor
2 auditors| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| KPMG Bedrijfsrevisoren BVCurrent Statutory auditor · represented by Joris Mertens |
- | 05-09-2024 → present |
| KPMG Bedrijfsrevisoren BV/SRL Statutory auditor · represented by Joris Mertens succeeded by KPMG Bedrijfsrevisoren BV in 2024 |
- | 26-07-2021 → 05-09-2024 |
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Activiteiten van holdings(64210) |
| Legal form | Private limited company(610) |
| Incorporation | 25-11-2020 |
| Status | Active |
| Postal code | 8500 |
Structure & network
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Dumolinlaan(Kor) 98500 KortrijkEstablishment units
1 locationGD Group
since 20202.310.146.159
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1,969 m²
Buildings1
Building footprint851 m²
Volume (LiDAR)5,036 m³
Tallest building8.2 m · ±2 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0686/00M000 | Flanders | 1,969 m² | 1 · 851 m² | 8.2 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
8 acts Capital history · 1
05-05-2026
Capital decrease: amount: 16500000, shares: 16500000, currency: EUR (voorgesteld)
All acts · 8
updated 3 months ago
2026
05-05-2026 Merger · Accounting effect · Capital decrease · Share transfer
- Filing: 2026-04-03 · GD Group
- Merger: date: 2026-04-20, type: geruisloze fusieproposed · GD Group
- Accounting effect: 2026-01-01proposed · GeoDynamics International
- Capital decrease: amount: 16500000, shares: 16500000, currency: EURproposed · GeoDynamics International
- Share transfer: note: vernietiging van de aandelen ingevolge fusie, shares: 16500000proposed · GeoDynamics International
- Purpose change: note: aangevuld worden met de activiteiten van de Over te nemen Vennootschapproposed · GD Group
- Tax qualification: niet-belaste verrichtingproposed · GD Group
- Power of attorney: purpose: neerlegging van dit fusievoorstel op de griffie van de bevoegde ondernemingsrechtbank ... publicatieformulieren ... ondertekenen en neer te leggenproposed · GD Group
- Power of attorney: purpose: neerlegging van dit fusievoorstel op de griffie van de bevoegde ondernemingsrechtbank ... publicatieformulieren ... ondertekenen en neer te leggenproposed · GD Group
- Power of attorney: purpose: neerlegging van dit fusievoorstel op de griffie van de bevoegde ondernemingsrechtbank ... publicatieformulieren ... ondertekenen en neer te leggenproposed · GD Group
- Power of attorney: purpose: neerlegging van dit fusievoorstel op de griffie van de bevoegde ondernemingsrechtbank ... publicatieformulieren ... ondertekenen en neer te leggenproposed · GD Group
- Power of attorney: purpose: neerlegging van dit fusievoorstel op de griffie van de bevoegde ondernemingsrechtbank ... publicatieformulieren ... ondertekenen en neer te leggenproposed · GD Group
- Power of attorney: purpose: neerlegging van dit fusievoorstel op de griffie van de bevoegde ondernemingsrechtbank ... publicatieformulieren ... ondertekenen en neer te leggenproposed · GeoDynamics International
- Power of attorney: purpose: neerlegging van dit fusievoorstel op de griffie van de bevoegde ondernemingsrechtbank ... publicatieformulieren ... ondertekenen en neer te leggenproposed · GeoDynamics International
- Power of attorney: purpose: neerlegging van dit fusievoorstel op de griffie van de bevoegde ondernemingsrechtbank ... publicatieformulieren ... ondertekenen en neer te leggenproposed · GeoDynamics International
- Power of attorney: purpose: neerlegging van dit fusievoorstel op de griffie van de bevoegde ondernemingsrechtbank ... publicatieformulieren ... ondertekenen en neer te leggenproposed · GeoDynamics International
- Publication: 2026-05-05
- Act object: Voorstel geruisloze fusie
Summary:
Merger · Accounting effect · Capital decrease · Share transfer
16-01-2026 Change in the board of directors
Summary:
v3.2
2025
18-03-2025 Articles of association amended
Summary:
v3.2
2024
05-09-2024 Joris Mertens reappointed as statutory auditor
2021
26-07-2021 Joris Mertens appointed as statutory auditor
2020
24-12-2020 2 directors appointed
21-12-2020 Articles of association amended
Summary:
v3.2
27-11-2020 Incorporation of a new BV
Summary:
oprichting
Analysis
Snowflake analysis
financial profile on 5 axes69
/ 100
Strong profile, led by stability.
Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.
Health
-
Profitability
51
Solvency
63
Growth
67
Stability
94
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Company registry
Company registry (CBE)
Crossroads BankActivities
Holdings64200Activiteiten van holdings64210
Primary activity highlighted.
Names & trade names
| Legal nameNL | GD Group |
Registered office
Dumolinlaan(Kor) 9
8500 Kortrijk, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.