GP16 · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of GP16 is 1.0% (low). The 2025 annual accounts show equity of €120k and a net result of €10k. Equity is growing by ~8.7% per year across the filed fiscal years. The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

2 signals · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Growing equity

Equity grew over 2023-2025. Profits are largely retained rather than distributed.

View the equity 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-wide

Latest accounts filed on time

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 18-12-2025, 44 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 30-06. 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 30-06-2025, that is 31-01-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
30-06-2025	31-01-2026	18-12-2025	44 d early	2025-00584359
30-06-2024	31-01-2025	31-01-2025	on the day	2025-00019835
30-06-2023	31-01-2024	31-01-2024	on the day	2024-00017078
30-06-2022	31-01-2023	20-12-2022	42 d early	2022-20540660
30-06-2021	31-01-2022	17-12-2021	45 d early	2021-80500062
30-06-2020	31-01-2021	16-12-2020	46 d early	2020-75600427
30-06-2019	31-01-2020	31-01-2020	on the day	2020-03100504
30-06-2018	31-01-2019	19-12-2018	43 d early	2018-74600257
30-06-2017	31-01-2018	06-12-2017	56 d early	2017-71100195
30-06-2016	31-01-2017	08-12-2016	54 d early	2016-69500495

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 signals

Established

Founded in 2012, 14 years in business.

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 everyone

1.0% Low

0%0,5%1,5%4%10%≥25%

No NACE activity registered +Long track record −Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€10k+25.7%

Working capital€-51k+28.9%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 18-12-2025 with the NBB · fiscal year 2025 · verkort

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~8.7%/year over 7 fiscal years, indicative, assuming unchanged policy.

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).

EBITDA

€29k

+7.1% 19-25

Net profit

€10k

+25.7% 19-25

Cash flow

€23k

+10.3% 19-25

Total assets

€220k

+4.3% 19-25

Equity

€120k

+9.5% 19-25

Working capital

€-51k

+28.9% 19-25

Income taxes

€3k

+25.7% 19-25

Debt

€100k

-1.3% 19-25

Show 9 other metrics

Debt ≤ 1y

€100k

+0.8% 19-25

Debt > 1y

€5k

-85.6% 19-25

Current ratio

0.49

+75.3% 19-25

Quick ratio

0.49

+75.3% 19-25

Solvency

54.6%

+4.9% 19-25

Debt / equity

0.83

-9.8% 19-25

ROE

8.6%

+14.9% 19-25

ROA

4.7%

+20.5% 19-25

Interest coverage

12.14

+50.0% 19-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	verkort
Revenue	-
EBITDA	€29k
Net profit	€10k
Cash flow	€23k
Staff costs	-
Income taxes	€3k
Dividends	-
Total assets	€220k
Equity	€120k
Debt	€100k
of which ≤ 1y	€100k
of which > 1y	-
Working capital	€-51k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	0.49
Quick ratio	0.49
Working capital ratio	-23.0%
Solvency	54.6%
Debt / equity	0.83
Long-term debt ratio	-
Interest coverage	12.14
Gross margin	-
Net margin	-
ROA	4.7%
ROE	8.6%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €171k · 77.6% Current assets €49k · 22.4%

Equity & liabilities

Equity €120k · 54.6% Debt €100k · 45.4%

Full annual accounts (19 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€220k
Fixed assets	21/28	€171k
Tangible fixed assets	22/27	€171k
Current assets	29/58	€49k
Amounts receivable within one year	40/41	€37
Cash & bank	54/58	€49k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€220k
Equity	10/15	€120k
Contributions / capital	10/11	€19k
Reserves	13	€102k
Amounts payable	17/49	€100k
Amounts payable within one year	42/48	€100k
Income statement
Gross operating margin	9900	€29k
Operating result	9901	€16k
Financial charges	65	€2k
Result before taxes	9903	€14k
Income taxes	67/77	€3k
Net result for the period	9904	€10k
Result to be appropriated	9905	€10k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

64 / 100 Healthy

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Directors

Directors & mandates

1 director

Current directors & mandates

Horecamaterialen De MeesterLegal entity
Director· perm. rep.: DE MEESTER Paul
State Gazette act 23305922 (18-01-2023)

Current
19-12-2022 → present

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	-
Legal form	Private limited company(610)
Incorporation	15-05-2012
Status	Active
Postal code	9160

Structure & network

Connections & network

1 connected company

Group structure

Horecamaterialen De Meester

Sits on the board · 1 subsidiary · 2 locations

Control→

Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Ownership & control

1 party

Control over this companysits on this company's board1

Horecamaterialen De Meester

1 subsidiary · 2 locations

controls

GP16BE 0845.949.668

Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.

Locations & real estate

Registered office

from the Crossroads Bank

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.

Haarsnijderslaan 169160 Lokeren

Parcels1

Ground area749 m²

Buildings1

Building footprint157 m²

Volume (LiDAR)770 m³

Tallest building8.2 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels 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.
46382B0386/00S000	Flanders	749 m²	1 · 157 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

3 acts

All acts · 3 updated 2 months ago

2026

04-06-2026 Notarial deed · General meeting · Approval · Dissolution Open-capture extraction·Frank Mulier

Filing: 2026-05-27 · GP16
Notarial deed: 2025-12-24 · GP16
General meeting: 2025-12-24 · GP16
General meeting: 2025-12-24 · HORECAMATERIALEN DE MEESTER
Approval: 2025-12-24 · GP16
Approval: 2025-12-24 · HORECAMATERIALEN DE MEESTER
Dissolution: 2025-12-24 · GP16
Merger: 2025-12-24 · HORECAMATERIALEN DE MEESTER
Accounting effect: 2025-07-01 · GP16
Share distribution: 2025-12-24 · GP16
Officer resignation: 2025-12-24 · HORECAMATERIALEN DE MEESTER
Officer discharge: 2025-12-24 · HORECAMATERIALEN DE MEESTER
Power of attorney: 2025-12-24 · HORECAMATERIALEN DE MEESTER
Power of attorney: 2025-12-24 · HORECAMATERIALEN DE MEESTER
Power of attorney: 2025-12-24 · HORECAMATERIALEN DE MEESTER
Permanent representative: 2025-12-24 · De Meester Paul
Publication: 2026-06-04
Act object: MET FUSIE DOOR OVERNEMING GELIJKGESTELDE VERRICHTING

Summary: Notarial deed · General meeting · Approval · DissolutionNotary: Frank Mulier

Original publication ↗

2025

07-11-2025 Publication in the Belgian Official Gazette, Miscellaneous Miscellaneous

Summary: Fusion proposal

Original publication ↗

2023

18-01-2023 DE MEESTER Paul reappointed as director Director changes

DE MEESTER Paul, Bestuurder

Summary: v3.2

Original publication ↗

Analysis

Financial profile

5 of 5 axes measured

70 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 64

Profitability 43

Solvency 63

Growth 78

Stability 100

Credit advice

verdict per customer and amount

Company registry

Company registry (CBE)

Crossroads Bank

Names & trade names

Legal nameNL

GP16

Registered office

Haarsnijderslaan 16

9160 Lokeren, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.