Plan 40
ActiveSummary
Plan 40 has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.39M and a net result of €-94k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 95% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability15=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €220k at 30 days acceptable
Liquidity short (current ratio 0.35 against 0.59 in 2024; short-term debt: 1.1% and cash: 0.2% of total assets), and 1.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
98.9%
Return on assets
-2.7%
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
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 €-94k
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
3 d early
2023
44 d early
2022
31 d early
2021
54 d early
2020
39 d early
2019
30 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, abbreviated schema
Equity
€3.39M▼ 2.7%
2024 · €3.48M
2018: €-616k
2019: €-667k▼ -8.2% vs 2018
2020: €-676k▼ -1.5% vs 2019lowest in 8 years
2021: €-507k▲ +25.1% vs 2020
2022: €13k▲ +103% vs 2021
2023: €3.59M▲ +27950% vs 2022highest in 8 years
2024: €3.48M▼ -3.0% vs 2023
2025: €3.39M▼ -2.7% vs 2024
2018 → 2025
Total assets
€3.43M▼ 2.5%
2024 · €3.51M
2018: €4.39Mhighest in 8 years
2019: €1.49M▼ -66.0% vs 2018
2020: €1.52M▲ +1.8% vs 2019
2021: €54k▼ -96.4% vs 2020
2022: €13k▼ -76.1% vs 2021lowest in 8 years
2023: €3.65M▲ +28015% vs 2022
2024: €3.51M▼ -3.8% vs 2023
2025: €3.43M▼ -2.5% vs 2024
2018 → 2025
Net result
€-94k▲ 13.4%
2024 · €-108k
2018: €-203klowest in 8 years
2019: €-51k▲ +75.0% vs 2018
2020: €-10k▲ +80.7% vs 2019
2021: €170k▲ +1836% vs 2020
2022: €519k▲ +206% vs 2021highest in 8 years
2023: €-23k▼ -104% vs 2022
2024: €-108k▼ -380% vs 2023
2025: €-94k▲ +13.4% vs 2024
2018 → 2025
Working capital
€-24k▼ 167%
2024 · €-9k
2018: €2.41Mhighest in 8 years
2019: €998k▼ -58.5% vs 2018
2020: €1.03M▲ +3.6% vs 2019
2021: €39k▼ -96.2% vs 2020
2022: €13k▼ -67.5% vs 2021
2023: €2k▼ -85.2% vs 2022
2024: €-9k▼ -567% vs 2023
2025: €-24k▼ -167% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-507k-€13k€3.59M▲ 27,950%€3.48M▼ 3.0%€3.39M▼ 2.7%
2021: €-507klowest in 5 years
2022: €13k▲ +103% vs 2021
2023: €3.59M▲ +27950% vs 2022highest in 5 years
2024: €3.48M▼ -3.0% vs 2023
2025: €3.39M▼ -2.7% vs 2024
Operating result€207k-€519k▲ 150%€-23k€-108k▼ 378%€-93k▲ 13.5%
2021: €207k
2022: €519k▲ +150% vs 2021highest in 5 years
2023: €-23k▼ -104% vs 2022
2024: €-108k▼ -378% vs 2023lowest in 5 years
2025: €-93k▲ +13.5% vs 2024
Net result€170k-€519k▲ 206%€-23k€-108k▼ 380%€-94k▲ 13.4%
2021: €170k
2022: €519k▲ +206% vs 2021highest in 5 years
2023: €-23k▼ -104% vs 2022
2024: €-108k▼ -380% vs 2023lowest in 5 years
2025: €-94k▲ +13.4% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €93k in 2025 against €108k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.43M
Fixed assets
€3.41M ▼ 2.5%
Current assets
€13k ▼ 1.0%
Equity and liabilities €3.43M
Equity
€3.39M ▼ 2.7%
Debt
€37k ▲ 18.1%
Debt's share of the balance-sheet total rises from 0.9% to 1.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-5k▲
2024 · €-20k
Cash flow
€-6k▲
2024 · €-20k
Current ratio
0.35▼
2024 · 0.59
Debt to equity
0.01▲
2024 · 0.01
ROE
-2.8%▲
2024 · -3.1%
ROA
-2.7%▲
2024 · -3.1%
Interest coverage
-11.86▲
2024 · -54.09
Debt ≤ 1 year
€36k▲
2024 · €22k
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 · 34 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.51M€3.43M▼
Fixed assets21/28€3.50M€3.41M▼
Tangible fixed assets22/27€3.50M€3.41M▼
Land and buildings22€3.50M€3.41M▼
Current assets29/58€13k€13k▼
Amounts receivable within one year40/41-€2k
Trade receivables40-€2k
Cash at bank and in hand54/58€9k€7k▼
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€3.51M€3.43M▼
Equity10/15€3.48M€3.39M▼
Contributions10/11€3.81M€3.81M=
Profit (loss) carried forward14€-327k€-421k▼
Amounts payable17/49€31k€37k▲
Amounts payable within one year42/48€22k€36k▲
Trade debts44€11k€7k▼
Suppliers440/4€11k€7k▼
Taxes, remuneration and social security45€1k€273▼
Taxes450/3€1k€273▼
Other amounts payable47/48€9k€29k▲
Accrued charges and deferred income492/3€9k€476▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€88k€88k=
Other operating charges640/8€5k€6k▲
Gross operating margin9900€-15k€344▲
Operating profit (loss)9901€-108k€-93k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€368€450▲
Recurring financial charges65€368€450▲
Profit (loss) for the period before taxes9903€-108k€-94k▲
Profit (loss) for the period9904€-108k€-94k▲
Profit (loss) for the period to be appropriated9905€-108k€-94k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-327k€-421k▼
Profit (loss) brought forward from the previous period14P€-219k€-327k▼
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 | €10k | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €16k | €88k | €88k | = |
| Other operating charges640/8 | €1k | €980 | €1k | €5k | €6k | ▲ 15.2% |
| Non-recurring operating charges66A | €0 | - | - | - | - | - |
| Gross operating margin9900 | €209k | €520k | €-6k | €-15k | €344 | ▲ 102% |
| Operating profit (loss)9901 | €207k | €519k | €-23k | €-108k | €-93k | ▲ 13.5% |
| Financial income75/76B | €1k | €268 | €227 | €0 | - | - |
| Recurring financial income75 | €1k | €268 | €227 | €0 | - | - |
| Financial charges65/66B | €39k | €-438 | €207 | €368 | €450 | ▲ 22.4% |
| Recurring financial charges65 | €39k | €-438 | €207 | €368 | €450 | ▲ 22.4% |
| Profit (loss) for the period before taxes9903 | €170k | €519k | €-23k | €-108k | €-94k | ▲ 13.4% |
| Profit (loss) for the period9904 | €170k | €519k | €-23k | €-108k | €-94k | ▲ 13.4% |
| Profit (loss) for the period to be appropriated9905 | €170k | €519k | €-23k | €-108k | €-94k | ▲ 13.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €54k | €13k | €3.65M | €3.51M | €3.43M | ▼ 2.5% |
| Fixed assets21/28 | €1k | €0 | €3.59M | €3.50M | €3.41M | ▼ 2.5% |
| Tangible fixed assets22/27 | - | - | €3.59M | €3.50M | €3.41M | ▼ 2.5% |
| Land and buildings22 | - | - | €3.59M | €3.50M | €3.41M | ▼ 2.5% |
| Financial fixed assets28 | €1k | €0 | - | - | - | - |
| Current assets29/58 | €53k | €13k | €62k | €13k | €13k | ▼ 1.0% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Stocks30/36 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €42k | €2k | €0 | - | €2k | - |
| Trade receivables40 | €42k | €2k | €0 | - | €2k | - |
| Other amounts receivable41 | €0 | €569 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €11k | €11k | €58k | €9k | €7k | ▼ 21.4% |
| Deferred charges and accrued income490/1 | - | - | €4k | €4k | €4k | ▲ 4.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €54k | €13k | €3.65M | €3.51M | €3.43M | ▼ 2.5% |
| Equity10/15 | €-507k | €13k | €3.59M | €3.48M | €3.39M | ▼ 2.7% |
| Contributions10/11 | €209k | €209k | €3.81M | €3.81M | €3.81M | = |
| Profit (loss) carried forward14 | €-716k | €-197k | €-219k | €-327k | €-421k | ▼ 28.6% |
| Amounts payable17/49 | €561k | €184 | €60k | €31k | €37k | ▲ 18.1% |
| Amounts payable after more than one year17 | €547k | €0 | - | - | - | - |
| Financial debts170/4 | €547k | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €14k | €184 | €60k | €22k | €36k | ▲ 67.5% |
| Financial debts43 | €0 | - | - | - | - | - |
| Other loans439 | €0 | - | - | - | - | - |
| Trade debts44 | €845 | €184 | €7k | €11k | €7k | ▼ 34.6% |
| Suppliers440/4 | €845 | €184 | €7k | €11k | €7k | ▼ 34.6% |
| Taxes, remuneration and social security45 | €13k | €0 | €836 | €1k | €273 | ▼ 81.2% |
| Taxes450/3 | €13k | €0 | €836 | €1k | €273 | ▼ 81.2% |
| Other amounts payable47/48 | €0 | - | €52k | €9k | €29k | ▲ 224% |
| Accrued charges and deferred income492/3 | - | - | - | €9k | €476 | ▼ 95.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €170k | €519k | €-23k | €-108k | €-94k | ▲ 13.4% |
| + Depreciation and write-downs630 | - | - | €16k | €88k | €88k | = |
| Operating cash flow (approximation) | €170k | €519k | €-7k | €-20k | €-6k | ▲ 71.4% |
| Investment in fixed assets (approximation) | - | €1k | €-3.60M | €0 | €0 | - |
| Change in cash | - | €-831 | €48k | €-49k | €-2k | ▲ 96.2% |
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
14-09
State Gazette act
Resignation: GPL BV (director)Appointment: Gechribo NV (director) · Permanent representative: Geert Pouleyn · Pre-incorporation commitments5 facts ▸
State Gazette act
Resignation: GPL BV (director)
Appointment: Gechribo NV (director) · Permanent representative: Geert Pouleyn · Pre-incorporation commitments5 facts ▸
- General meeting, 14-08-2026
- Director resignation, GPL BV (director)
- Director appointment, Gechribo NV (director)
- Permanent representative, Geert Pouleyn (permanent representative)
- Pre-incorporation commitments, ratification, alle rechtshandelingen gesteld door Gechribo NV
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €2MEq €3.59M ▲27,950%
Equity rises from €13k to €3.59M.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €519k ▲206%
Operating result €519k, net result €519k, both a record.
31-12
Financial
Liquidity times 18current ratio 70.48
Current ratio from 3.82 to 70.48; short-term debt falls from €14k to €184.
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €170k
Net result €170k after 3 loss-making years.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
gechribo
CurrentDirector · since 01-04-2026 · Public limited company · perm. rep.: Geert Pouleyn
14-09-2026
GPL BV: Resigned as Director
01-04-2026
gechribo: Appointed as Director
Not every act has been read: a resignation may be missing here
7 of this company's 8 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, Anzegem · 1 establishment unit since 2013
Ground area
9,888 m²
Building footprint
2.4 ha
Volume, LiDAR
156,498 m³
Parcel 34038B0402/00Y000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
17
companies at this address
See who is registered here
1 establishment unit
Plan 40
since 20132.223.783.297
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34038B0402/00Y000 | Flanders | 9,888 m² | 1 · 2.4 ha | 10.1 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.
Structure & network
Similar companies · same sector, comparable size
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STUBBE-DENOO
BE 0427.414.266
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CD7 PROPERTIES (Ans Alleur)
BE 0600.882.930
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BATICO
BE 0431.101.058
Baelen · Eq €3,405,465
Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 2,304 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-11-2013
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.