GN Projects
ActiveSummary
The computed 12-month bankruptcy probability of GN Projects is 3.8% (moderate). The 2025 annual accounts show equity of €5,376 and a net result of -€572. Equity is shrinking by ~16.8% per year across the filed fiscal years. Its solvency ranks better than 24% of 7940 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
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Signals
This company filed its last 3 accounts on average 9 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, abbreviated schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 1,548 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 91% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a small loss
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,548 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | €124 | - | €154 | - |
| Gross operating margin9900 | €3,244 | -€2,038 | -€162 | ▲ 92.1% |
| Operating profit (loss)9901 | €3,120 | -€2,038 | -€316 | ▲ 84.5% |
| Financial income75/76B | - | €0 | - | - |
| Recurring financial income75 | - | €0 | - | - |
| Financial charges65/66B | €127 | €168 | €257 | ▲ 52.5% |
| Recurring financial charges65 | €127 | €168 | €257 | ▲ 52.5% |
| Profit (loss) for the period before taxes9903 | €2,994 | -€2,206 | -€572 | ▲ 74.1% |
| Income taxes67/77 | €624 | - | - | - |
| Profit (loss) for the period9904 | €2,369 | -€2,206 | -€572 | ▲ 74.1% |
| Profit (loss) for the period to be appropriated9905 | €2,369 | -€2,206 | -€572 | ▲ 74.1% |
| Line | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €27,082 | €23,455 | €23,043 | ▼ 1.8% |
| Current assets29/58 | €27,082 | €23,455 | €23,043 | ▼ 1.8% |
| Stocks and contracts in progress3 | - | €5,386 | €5,386 | = |
| Contracts in progress37 | - | €5,386 | €5,386 | = |
| Amounts receivable within one year40/41 | €27,082 | €17,471 | €17,656 | ▲ 1.1% |
| Trade receivables40 | €16,922 | €260 | €260 | = |
| Other amounts receivable41 | €10,161 | €17,211 | €17,397 | ▲ 1.1% |
| Cash at bank and in hand54/58 | - | €598 | €1 | ▼ 99.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €27,082 | €23,455 | €23,043 | ▼ 1.8% |
| Equity10/15 | €8,369 | €5,948 | €5,376 | ▼ 9.6% |
| Contributions10/11 | €6,000 | €6,000 | €6,000 | = |
| Reserves13 | €2,369 | €0 | - | - |
| Distributable reserves133 | €2,369 | €0 | - | - |
| Profit (loss) carried forward14 | - | -€52 | -€624 | ▼ 1,110% |
| Amounts payable17/49 | €18,713 | €17,506 | €17,667 | ▲ 0.9% |
| Amounts payable within one year42/48 | €18,713 | €17,506 | €17,667 | ▲ 0.9% |
| Financial debts43 | €73 | €0 | - | - |
| Credit institutions430/8 | €73 | €0 | - | - |
| Trade debts44 | €18,016 | €17,432 | €16,403 | ▼ 5.9% |
| Suppliers440/4 | €18,016 | €17,432 | €16,403 | ▼ 5.9% |
| Advances received on contracts in progress46 | - | €0 | €1,264 | - |
| Taxes, remuneration and social security45 | €624 | €75 | €0 | ▼ 100% |
| Taxes450/3 | €624 | €75 | €0 | ▼ 100% |
| Line | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,369 | -€2,206 | -€572 | ▲ 74.1% |
| Operating cash flow (approximation) | €2,369 | -€2,206 | -€572 | ▲ 74.1% |
| Change in cash | - | - | -€597 | - |
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
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71037C0202/00M000 | Flanders | 1,380 m² | 1 · 345 m² | 12.8 m · 2 fl. |
Linked by address, not proof of ownership
Similar companies · same sector, comparable size
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.