ACTIVE

GF PROJECTS

Export PDF

Financial year 2024 · closed on 31/12/2024

Net result

-74,4 k €

-201.6% YoY

Gross margin

149,7 k €

+334.7% YoY

Equity

2,6 M €

-2.8% YoY

Workforce

0,0 ETP

What does GF PROJECTS do?

GF PROJECTS is a Public limited company incorporated in 1984. Its main activity is: Fund management activities. Its registered office is in Linter.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0425.343.911

Incorporation

31/01/1984

Legal form

Public limited company

Registered office

Kasteelstraat(NRL) 12
3350 Linter · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2024

Average workforce

0,0 ETP

Activities (NACE)

66300Fund management activities· main 66300Fund management activities 64200Activities of holding companies 64210Activities of holding companies 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate+4

Joint committees (1)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2006
Income statement
Gross margin	149,7 k €	+335%	34,4 k €	+424%	-10,6 k €	+51.6%	-22 k €	-117%	128,2 k €	-94.6%	2,4 M €	+1793%	125,1 k €	-25.9%	168,9 k €	+51.0%	111,8 k €	-43.6%	198,3 k €	-55.2%	442,2 k €	-7.3%	477,1 k €	-19.4%	592,3 k €	+10.7%	535,3 k €	+12.5%	476 k €	-39.2%	783,1 k €	+19.5%	655,3 k €
EBITDA	133,3 k €	+509%	21,9 k €	+232%	-16,6 k €	+42.7%	-29 k €	-130%	96,4 k €	-95.9%	2,3 M €	+2493%	89,7 k €	+130%	38,9 k €	-44.0%	69,5 k €	-4.8%	73 k €	-38.1%	117,9 k €	+2.9%	114,6 k €	-25.0%	152,7 k €	+12.9%	135,3 k €	-19.9%	168,8 k €	-60.7%	429,5 k €	+34.0%	320,4 k €
Operating result	2,2 k €	+126%	-8,5 k €	+90.4%	-89,2 k €	-27.2%	-70,1 k €	-189%	78,5 k €	-96.6%	2,3 M €	+5174%	43,9 k €	+661%	-7,8 k €	-131%	24,9 k €	-6.5%	26,7 k €	-62.1%	70,4 k €	+24.2%	56,7 k €	-34.0%	85,9 k €	+71.9%	50 k €	-49.3%	98,5 k €	-71.9%	350,7 k €	+51.8%	231 k €
Net result	-74,4 k €	-202%	73,2 k €	-21.4%	93,2 k €	+233%	-69,9 k €	-198%	71,3 k €	-96.0%	1,8 M €	+4583%	38,3 k €	+357%	8,4 k €	-41.6%	14,3 k €	-47.1%	27,1 k €	+124%	12,1 k €	-75.4%	49,1 k €	+1120%	4 k €	-82.7%	23,2 k €	-53.8%	50,2 k €	-79.4%	243,5 k €	+125%	108 k €
Balance sheet
Equity	2,6 M €	-2.8%	2,7 M €	+2.8%	2,6 M €	+3.7%	2,5 M €	-0.7%	2,5 M €	-3.2%	2,6 M €	+219%	818,6 k €	-8.3%	892,3 k €	+0.9%	883,9 k €	+1.6%	869,6 k €	+3.2%	842,5 k €	+1.5%	830,5 k €	+6.3%	781,3 k €	+0.8%	775,4 k €	+3.1%	752,1 k €	+7.2%	701,9 k €	+71.2%	410,1 k €
Total assets	6,2 M €	+1.2%	6,2 M €	+18.8%	5,2 M €	+31.4%	4 M €	+6.4%	3,7 M €	-3.8%	3,9 M €	+133%	1,7 M €	-6.8%	1,8 M €	-0.5%	1,8 M €	-3.9%	1,9 M €	+14.2%	1,6 M €	-4.1%	1,7 M €	-1.2%	1,7 M €	-14.1%	2 M €	+16.8%	1,7 M €	+21.0%	1,4 M €	-26.2%	1,9 M €
Cash	21,4 k €	-14.5%	25,1 k €	-0.1%	25,1 k €	+15.9%	21,7 k €	-83.5%	131,7 k €	-90.3%	1,4 M €	+6380%	21 k €	+5.8%	19,9 k €	+114%	9,3 k €	-68.6%	29,5 k €	+29.3%	22,9 k €	+1946%	1,1 k €	-93.5%	17,3 k €	-18.6%	21,2 k €	+4.9%	20,2 k €	-66.4%	60,2 k €	-62.5%	160,5 k €
Debts	2,6 M €	+7.4%	2,5 M €	+16.7%	2,1 M €	+125%	933 k €	+70.7%	546,6 k €	-28.8%	768 k €	+1.2%	758,7 k €	-5.0%	798,2 k €	-11.4%	900,8 k €	-7.3%	972 k €	+28.3%	757,6 k €	-13.1%	872,2 k €	-7.2%	940,2 k €	-22.9%	1,2 M €	+30.1%	937,5 k €	+35.6%	691,6 k €	-53.2%	1,5 M €
Other
Workforce	0,0 ETP		0,0 ETP		–		–		–		–		–		–		2,5 ETP	0.0%	2,5 ETP	-71.9%	8,9 ETP	-4.3%	9,3 ETP	-23.8%	12,2 ETP	+2.5%	11,9 ETP	+28.0%	9,3 ETP	-17.0%	11,2 ETP	-0.9%	11,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 18 ended

Active mandates

Brigitta Thiry

Managing director · since 31 juillet 2023 · until 01 juin 2029

Active

Freddy Van den Veegaete

Managing director · since 31 juillet 2023 · until 01 juin 2029

Active

HOTINVEST

Director · since 31 juillet 2023 · until 01 juin 2029 · 0473.588.543

Represented by Gerald Van den Veegaete

Active

Ended mandates

Brigitta Thiry

Managing director · since 04 juin 2021 · until 04 juin 2027

Ended

Freddy Van den Veegaete

Managing director · since 04 juin 2021 · until 04 juin 2027

Ended

HOTINVEST

Director · since 04 juin 2021 · until 04 juin 2027 · 0473.588.543

Represented by Gerald Van den Veegaete

Ended

GERALD VAN DEN VEEGAETE

Director · since 21 août 2014 · until 21 août 2020

Ended

At this address

Other companies at this address

Company	CBE no.
Archivega Architectenbureau● Active	0887.365.106
HOTINVEST● Active	0473.588.543
M.D. Plus● Active	0452.200.340

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/08/2025	13/09/2024	06/07/2023	30/08/2022	31/08/2021	10/11/2020
General meeting	27/06/2025	28/06/2024	30/06/2023	03/06/2022	04/06/2021	05/06/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	27/06/2025	28/08/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	13/09/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	06/07/2023	Dutch	PDF
Abridged model	31/12/2021	03/06/2022	30/08/2022	Dutch	PDF
Abridged model	31/12/2020	04/06/2021	31/08/2021	Dutch	PDF
Micro model	31/12/2019	05/06/2020	10/11/2020	Dutch	PDF
Micro model	31/12/2018	07/06/2019	31/08/2019	Dutch	PDF
Micro modelCorrection	31/12/2017	01/06/2018	10/11/2020	Dutch	PDF
Micro model	31/12/2017	01/06/2018	31/08/2018	Dutch	PDF
Micro model	31/12/2016	02/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	31/08/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	31/08/2013	Dutch	PDF
Abridged model	31/12/2011	26/09/2012	28/11/2012	Dutch	PDF
Abridged model	31/12/2010	26/08/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	07/09/2010	17/09/2010	Dutch	PDF
Abridged model	31/12/2008	05/06/2009	21/10/2009	Dutch	PDF
Abridged model	31/12/2007	21/08/2008	28/08/2008	Dutch	PDF
Abridged model	31/12/2006	21/09/2007	03/10/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 18 ended

Active mandates

Brigitta Thiry

Managing director · since 31 juillet 2023 · until 01 juin 2029

Active

Freddy Van den Veegaete

Managing director · since 31 juillet 2023 · until 01 juin 2029

Active

HOTINVEST

Director · since 31 juillet 2023 · until 01 juin 2029 · 0473.588.543

Represented by Gerald Van den Veegaete

Active

Ended mandates

Brigitta Thiry

Managing director · since 04 juin 2021 · until 04 juin 2027

Ended

Freddy Van den Veegaete

Managing director · since 04 juin 2021 · until 04 juin 2027

Ended

HOTINVEST

Director · since 04 juin 2021 · until 04 juin 2027 · 0473.588.543

Represented by Gerald Van den Veegaete

Ended

GERALD VAN DEN VEEGAETE

Director · since 21 août 2014 · until 21 août 2020

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring14/08/2023
DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring23/06/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates19/10/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/01/2018
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares10/01/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates18/06/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/04/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/09/2008
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2024
Annual accounts 2024-74,4 k €↓
2023
Annual accounts 202373,2 k €↓
2022
Annual accounts 202293,2 k €↑
2021
Annual accounts 2021-69,9 k €↓
2019
Annual accounts 201971,3 k €↓
2018
Annual accounts 20181,8 M €↑
2017
Annual accounts 201738,3 k €↑
2016
Annual accounts 20168,4 k €↓
2015
Annual accounts 201514,3 k €↓
2014
Annual accounts 201427,1 k €↑
2013
Annual accounts 201312,1 k €↓
2012
Annual accounts 201249,1 k €↑
2011
Annual accounts 20114 k €↓
2010
Annual accounts 201023,2 k €↓
2009
Annual accounts 200950,2 k €↓
2008
Annual accounts 2008243,5 k €↑
2006
Annual accounts 2006108 k €
31/01/1984
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

GF PROJECTS

Overview

What does GF PROJECTS do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline