GENERAL PROJECT DEVELOPMENTS
ActiveSummary
GENERAL PROJECT DEVELOPMENTS has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €711k and a net result of €-91k. Equity is shrinking by ~7.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▼-12
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity tight (current ratio 1.25 against 1.16 in 2024; short-term debt: 16% and cash: 19.1% of total assets), and 18% of the assets are financed with debt.
Credit check 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 · 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 · 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
82%
Return on assets
-10.5%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-91k
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
34 d early
2023
5 d early
2022
3 d early
2021
3 d early
2020
1 d early
2019
52 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€711k▼ 11.3%
2024 · €802k
2018: €1.20M
2019: €1.18M▼ -1.6% vs 2018
2020: €1.14M▼ -2.8% vs 2019
2021: €1.33M▲ +16.5% vs 2020highest in 8 years
2022: €908k▼ -31.9% vs 2021
2023: €851k▼ -6.2% vs 2022
2024: €802k▼ -5.8% vs 2023
2025: €711k▼ -11.3% vs 2024lowest in 8 years
2018 → 2025
Total assets
€868k▼ 11.8%
2024 · €984k
2018: €1.29M
2019: €1.24M▼ -3.9% vs 2018
2020: €1.27M▲ +2.1% vs 2019
2021: €1.53M▲ +20.9% vs 2020highest in 8 years
2022: €1.10M▼ -28.4% vs 2021
2023: €1.03M▼ -6.6% vs 2022
2024: €984k▼ -4.1% vs 2023
2025: €868k▼ -11.8% vs 2024lowest in 8 years
2018 → 2025
Net result
€-91k▼ 84.2%
2024 · €-49k
2018: €-9k
2019: €-19k▼ -113% vs 2018
2020: €-34k▼ -77.2% vs 2019
2021: €189k▲ +664% vs 2020highest in 8 years
2022: €-25k▼ -113% vs 2021
2023: €-56k▼ -127% vs 2022
2024: €-49k▲ +12.5% vs 2023
2025: €-91k▼ -84.2% vs 2024lowest in 8 years
2018 → 2025
Working capital
€34k▲ 45.3%
2024 · €24k
2018: €508k
2019: €546k▲ +7.3% vs 2018
2020: €544k▼ -0.2% vs 2019
2021: €745k▲ +36.9% vs 2020highest in 8 years
2022: €49k▼ -93.4% vs 2021
2023: €88k▲ +79.7% vs 2022
2024: €24k▼ -73.2% vs 2023lowest in 8 years
2025: €34k▲ +45.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.33M-€908k▼ 31.9%€851k▼ 6.2%€802k▼ 5.8%€711k▼ 11.3%
2021: €1.33Mhighest in 5 years
2022: €908k▼ -31.9% vs 2021
2023: €851k▼ -6.2% vs 2022
2024: €802k▼ -5.8% vs 2023
2025: €711k▼ -11.3% vs 2024lowest in 5 years
Operating result€259k-€-43k€-67k▼ 55.8%€-55k▲ 18.2%€-96k▼ 75.6%
2021: €259khighest in 5 years
2022: €-43k▼ -117% vs 2021
2023: €-67k▼ -55.8% vs 2022
2024: €-55k▲ +18.2% vs 2023
2025: €-96k▼ -75.6% vs 2024lowest in 5 years
Net result€189k-€-25k€-56k▼ 127%€-49k▲ 12.5%€-91k▼ 84.2%
2021: €189khighest in 5 years
2022: €-25k▼ -113% vs 2021
2023: €-56k▼ -127% vs 2022
2024: €-49k▲ +12.5% vs 2023
2025: €-91k▼ -84.2% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €96k in 2025 against €55k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €868k
Fixed assets
€694k ▼ 14.4%
Current assets
€173k ▲ 0.3%
Equity and liabilities €868k
Equity
€711k ▼ 11.3%
Provisions
€17k ▼ 47.4%
Debt
€139k ▼ 6.8%
Debt's share of the balance-sheet total rises from 15.1% to 16.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€53k▼
2024 · €79k
Cash flow
€58k▼
2024 · €84k
Current ratio
1.25▲
2024 · 1.16
Debt to equity
0.20▲
2024 · 0.19
ROE
-12.8%▼
2024 · -6.1%
ROA
-10.5%▼
2024 · -5.0%
Interest coverage
5.36▼
2024 · 7.61
Debt ≤ 1 year
€139k▼
2024 · €149k
Income taxes
€704▼
2024 · €719
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€984k€868k▼
Fixed assets21/28€811k€694k▼
Tangible fixed assets22/27€811k€694k▼
Land and buildings22€811k€694k▼
Current assets29/58€173k€173k▲
Amounts receivable within one year40/41€13k€893▼
Trade receivables40€13k€893▼
Cash at bank and in hand54/58€154k€165k▲
Deferred charges and accrued income490/1€6k€7k▲
Equity and liabilities
Total equity and liabilities10/49€984k€868k▼
Equity10/15€802k€711k▼
Contributions10/11€740k€740k=
Capital10€740k€740k=
Issued capital100€740k€740k=
Reserves13€122k€76k▼
Non-distributable reserves130/1€10k€10k=
Legal reserve130€7k€7k=
Reserves not available under the articles1311€3k€3k=
Tax-exempt reserves132€112k€65k▼
Profit (loss) carried forward14€-60k€-104k▼
Provisions and deferred taxes16€33k€17k▼
Deferred taxes168€33k€17k▼
Amounts payable17/49€149k€139k▼
Amounts payable within one year42/48€149k€139k▼
Trade debts44€16k€305▼
Suppliers440/4€16k€305▼
Taxes, remuneration and social security45€5k€7k▲
Taxes450/3€5k€7k▲
Other amounts payable47/48€128k€132k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€133k€148k▲
Other operating charges640/8€13k€13k▲
Gross operating margin9900€91k€66k▼
Operating profit (loss)9901€-55k€-96k▼
Financial income75/76B€768-
Recurring financial income75€768-
Financial charges65/66B€10k€10k▼
Recurring financial charges65€10k€10k▼
Profit (loss) for the period before taxes9903€-64k€-106k▼
Transfer from deferred taxes780€16k€16k=
Income taxes67/77€719€704▼
Profit (loss) for the period9904€-49k€-91k▼
Transfer from tax-exempt reserves789€47k€47k=
Profit (loss) for the period to be appropriated9905€-3k€-44k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-60k€-104k▼
Profit (loss) brought forward from the previous period14P€-57k€-60k▼
The notes to these accounts (4 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €270k | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43k | €96k | €119k | €133k | €148k | ▲ 11.4% |
| Other operating charges640/8 | €20k | €11k | €12k | €13k | €13k | ▲ 2.7% |
| Non-recurring operating charges66A | €19k | - | - | - | - | - |
| Gross operating margin9900 | €341k | €64k | €65k | €91k | €66k | ▼ 28.1% |
| Operating profit (loss)9901 | €259k | €-43k | €-67k | €-55k | €-96k | ▼ 75.6% |
| Financial income75/76B | €30 | €7k | €3k | €768 | - | - |
| Recurring financial income75 | €30 | €7k | €3k | €768 | - | - |
| Financial charges65/66B | €6k | €2k | €7k | €10k | €10k | ▼ 5.0% |
| Recurring financial charges65 | €6k | €2k | €7k | €10k | €10k | ▼ 5.0% |
| Profit (loss) for the period before taxes9903 | €252k | €-38k | €-71k | €-64k | €-106k | ▼ 64.7% |
| Transfer from deferred taxes780 | €5k | €14k | €16k | €16k | €16k | = |
| Transfer to deferred taxes680 | €68k | - | - | - | - | - |
| Income taxes67/77 | €646 | €681 | €704 | €719 | €704 | ▼ 2.1% |
| Profit (loss) for the period9904 | €189k | €-25k | €-56k | €-49k | €-91k | ▼ 84.2% |
| Transfer from tax-exempt reserves789 | €15k | €42k | €47k | €47k | €47k | = |
| Transfer to tax-exempt reserves689 | €203k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €1k | €17k | €-10k | €-3k | €-44k | ▼ 1,589% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.53M | €1.10M | €1.03M | €984k | €868k | ▼ 11.8% |
| Fixed assets21/28 | €667k | €923k | €812k | €811k | €694k | ▼ 14.4% |
| Tangible fixed assets22/27 | €667k | €922k | €812k | €811k | €694k | ▼ 14.4% |
| Land and buildings22 | €667k | €922k | €812k | €811k | €694k | ▼ 14.4% |
| Financial fixed assets28 | €500 | €500 | - | - | - | - |
| Current assets29/58 | €867k | €176k | €214k | €173k | €173k | ▲ 0.3% |
| Amounts receivable within one year40/41 | €63k | €63k | - | €13k | €893 | ▼ 93.1% |
| Trade receivables40 | - | - | - | €13k | €893 | ▼ 93.1% |
| Other amounts receivable41 | €63k | €63k | - | - | - | - |
| Cash at bank and in hand54/58 | €800k | €100k | €209k | €154k | €165k | ▲ 7.4% |
| Deferred charges and accrued income490/1 | €3k | €13k | €6k | €6k | €7k | ▲ 23.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.53M | €1.10M | €1.03M | €984k | €868k | ▼ 11.8% |
| Equity10/15 | €1.33M | €908k | €851k | €802k | €711k | ▼ 11.3% |
| Contributions10/11 | €1.14M | €740k | €740k | €740k | €740k | = |
| Capital10 | €1.14M | €740k | €740k | €740k | €740k | = |
| Issued capital100 | €1.14M | €740k | €740k | €740k | €740k | = |
| Reserves13 | €258k | €216k | €169k | €122k | €76k | ▼ 38.2% |
| Non-distributable reserves130/1 | €10k | €10k | €10k | €10k | €10k | = |
| Legal reserve130 | €7k | €7k | €7k | €7k | €7k | = |
| Reserves not available under the articles1311 | €3k | €3k | €3k | €3k | €3k | = |
| Tax-exempt reserves132 | €248k | €206k | €159k | €112k | €65k | ▼ 41.6% |
| Profit (loss) carried forward14 | €-65k | €-48k | €-57k | €-60k | €-104k | ▼ 73.6% |
| Provisions and deferred taxes16 | €78k | €64k | €48k | €33k | €17k | ▼ 47.4% |
| Deferred taxes168 | €78k | €64k | €48k | €33k | €17k | ▼ 47.4% |
| Amounts payable17/49 | €123k | €127k | €126k | €149k | €139k | ▼ 6.8% |
| Amounts payable within one year42/48 | €121k | €127k | €126k | €149k | €139k | ▼ 6.8% |
| Trade debts44 | €15k | €6k | €474 | €16k | €305 | ▼ 98.1% |
| Suppliers440/4 | €15k | €6k | €474 | €16k | €305 | ▼ 98.1% |
| Taxes, remuneration and social security45 | €646 | €2k | €4k | €5k | €7k | ▲ 39.5% |
| Taxes450/3 | €646 | €2k | €4k | €5k | €7k | ▲ 39.5% |
| Other amounts payable47/48 | €106k | €119k | €122k | €128k | €132k | ▲ 2.9% |
| Accrued charges and deferred income492/3 | €2k | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €189k | €-25k | €-56k | €-49k | €-91k | ▼ 84.2% |
| + Depreciation and write-downs630 | €43k | €96k | €119k | €133k | €148k | ▲ 11.4% |
| Operating cash flow (approximation) | €232k | €71k | €63k | €84k | €58k | ▼ 31.3% |
| Investment in fixed assets (approximation) | - | €-351k | €-8k | €-133k | €-31k | ▲ 76.4% |
| Change in cash | - | €-701k | €109k | €-55k | €11k | ▲ 121% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-91k
Net result drops to €-91k, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €189k
Net result €189k after 3 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 52 days late
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Hasselt · 1 establishment unit since 1980
Ground area
1.0 ha
Building footprint
1,916 m²
Volume, LiDAR
14,389 m³
Parcel 71328D0841/00D000, Flanders · tallest building 22.5 m, ±2 floors. Linked by address, not a title deed.
23
companies at this address
See who is registered here
1 establishment unit
G.P.D.
since 19802.017.505.374
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71328D0841/00D000 | Flanders | 1.0 ha | 1 · 1,916 m² | 22.5 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.
Identification & contact
Identification
Legal formPublic limited company
Founded15-04-1984
Fiscal year end31-12
Abbreviation NL
G.P.D.
Scores and ratios are computed by Checked and are not a credit decision.