GH PROJECTS
0448.072.890 · rovalta.com · 21/09/2026
ACTIVE
GH PROJECTS
Financial year 2025 · closed on 31/12/2025
Net result
172,3 k €
+146.0% YoY
Gross margin
277,3 k €
+130.8% YoY
Equity
371,3 k €
+85.0% YoY
Overview
What does GH PROJECTS do?
GH PROJECTS is a Private limited company incorporated in 1992. Its main activity is: Specialised design activities. Its registered office is in Sint-Niklaas.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0448.072.890
Incorporation
20/08/1992
Legal form
Private limited company
Registered office
Kleemstraat 82
9111 Sint-Niklaas · FlandreSee on map
9111 Sint-Niklaas · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
74101Specialised design activities· main74111Specialised design activities74142Specialised design activities47559Retail sale of other household equipment in specialised stores47599Retail sale of furniture, lighting equipment and other household articles in specialised stores70200Management consultancy activities+6
Joint committees (1)
- 126
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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Financials
Trend over 18 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||
| Gross margin | 277,3 k € | +131% | 120,1 k € | +53.7% | 78,2 k € | +23.2% | 63,4 k € | +30.3% | 48,7 k € | +118% | 22,3 k € | +25.3% | 17,8 k € | +1043% | -1,9 k € | -231% | 1,4 k € | -98.0% | 71,1 k € | +11.7% | 63,7 k € | -6.0% | 67,8 k € | -1.7% | 68,9 k € | -44.9% | 125,2 k € | -17.0% | 150,8 k € | -36.2% | 236,3 k € | +6.2% | 222,5 k € | -32.5% | 329,8 k € |
| EBITDA | 275,7 k € | +132% | 119 k € | +54.3% | 77,1 k € | +24.0% | 62,2 k € | +29.1% | 48,2 k € | +121% | 21,8 k € | +26.5% | 17,2 k € | +705% | -2,8 k € | +7.2% | -3,1 k € | -106% | 50,9 k € | +746% | 6 k € | -78.8% | 28,4 k € | +454% | 5,1 k € | -86.0% | 36,7 k € | -8.6% | 40,2 k € | -56.3% | 91,9 k € | +74.7% | 52,6 k € | -56.7% | 121,5 k € |
| Operating result | 256,1 k € | +144% | 105,2 k € | +51.3% | 69,5 k € | +18.6% | 58,6 k € | +25.7% | 46,6 k € | +127% | 20,6 k € | +32.5% | 15,5 k € | +200% | -15,6 k € | -0.9% | -15,5 k € | -143% | 36 k € | +435% | -10,8 k € | -259% | 6,7 k € | +116% | -42,6 k € | -263% | -11,7 k € | -210% | -3,8 k € | -111% | 36 k € | +1128% | 2,9 k € | -96.3% | 79,3 k € |
| Net result | 172,3 k € | +146% | 70 k € | +53.5% | 45,6 k € | +16.7% | 39,1 k € | +22.7% | 31,9 k € | +51.6% | 21 k € | +36.6% | 15,4 k € | +194% | -16,3 k € | +39.6% | -27 k € | -161% | 44,4 k € | +1554% | -3,1 k € | -27.1% | -2,4 k € | +95.3% | -51,1 k € | -178% | -18,4 k € | -839% | 2,5 k € | -86.1% | 17,9 k € | +165% | -27,6 k € | -143% | 63,7 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||
| Equity | 371,3 k € | +85.0% | 200,7 k € | +51.6% | 132,4 k € | +49.8% | 88,4 k € | +73.6% | 50,9 k € | +389% | -17,6 k € | +54.5% | -38,6 k € | +28.5% | -54 k € | -43.4% | -37,7 k € | -285% | -9,8 k € | +82.0% | -54,2 k € | -6.0% | -51,1 k € | -4.9% | -48,7 k € | -2129% | 2,4 k € | -97.7% | 105,8 k € | +2.4% | 103,3 k € | +21.0% | 85,3 k € | -19.1% | 105,5 k € |
| Total assets | 502,5 k € | +118% | 230,3 k € | +38.2% | 166,6 k € | +11.2% | 149,8 k € | +36.6% | 109,7 k € | +151% | 43,7 k € | +32.5% | 33 k € | +78.3% | 18,5 k € | -50.5% | 37,3 k € | -69.3% | 121,7 k € | -23.0% | 158,1 k € | -4.8% | 166 k € | -20.9% | 209,8 k € | -23.1% | 273 k € | -22.6% | 352,7 k € | +2.9% | 342,8 k € | -7.2% | 369,3 k € | +26.8% | 291,2 k € |
| Cash | 260,7 k € | +165% | 98,4 k € | +1.6% | 96,9 k € | +22.6% | 79 k € | +7.2% | 73,8 k € | +229% | 22,4 k € | +774% | 2,6 k € | +509% | 421,2 € | +206% | 137,8 € | -99.8% | 63,3 k € | +5193% | 1,2 k € | -62.5% | 3,2 k € | -87.9% | 26,4 k € | -70.9% | 90,9 k € | +654% | 12 k € | +456% | 2,2 k € | -65.4% | 6,3 k € | -35.1% | 9,6 k € |
| Debts | 131,2 k € | +344% | 29,5 k € | -12.6% | 33,8 k € | -43.7% | 60 k € | +2.1% | 58,7 k € | -4.1% | 61,3 k € | -14.4% | 71,6 k € | -1.2% | 72,5 k € | -3.4% | 75 k € | -42.8% | 131,2 k € | -38.1% | 211,9 k € | -2.3% | 216,8 k € | -16.0% | 258,2 k € | -4.5% | 270,3 k € | +9.6% | 246,6 k € | +3.1% | 239,2 k € | -15.7% | 283,6 k € | +53.0% | 185,4 k € |
| Other | |||||||||||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | – | – | 0,2 ETP | -88.2% | 1,7 ETP | +88.9% | 0,9 ETP | -30.8% | 1,3 ETP | -38.1% | 2,1 ETP | -22.2% | 2,7 ETP | -30.8% | 3,9 ETP | -17.0% | 4,7 ETP | -11.3% | 5,3 ETP | |||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 1 M€ and 2,5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 9 ended
Active mandates
Anne-Marie Smet
ActiveEnded mandates
Anne Marie Smet
EndedMarie Smet Anne
EndedMarie Smet Anne
Endedanne-marie smet
EndedFinancials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 29/06/2026 | 31/07/2025 | 28/06/2024 | 31/07/2023 | 26/07/2022 | 09/07/2021 |
| General meeting | 26/06/2026 | 27/06/2025 | 28/06/2024 | 30/06/2023 | 24/06/2022 | 25/06/2021 |
| 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 daysFilings
Annual accounts filings
21 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 26/06/2026 | 29/06/2026 | Dutch | |
| Micro model | 31/12/2024 | 27/06/2025 | 31/07/2025 | Dutch | |
| Micro model | 31/12/2023 | 28/06/2024 | 28/06/2024 | Dutch | |
| Micro model | 31/12/2022 | 30/06/2023 | 31/07/2023 | Dutch | |
| Micro model | 31/12/2021 | 24/06/2022 | 26/07/2022 | Dutch | |
| Micro model | 31/12/2020 | 25/06/2021 | 09/07/2021 | Dutch | |
| Micro model | 31/12/2019 | 26/06/2020 | 27/07/2020 | Dutch | |
| Micro model | 31/12/2018 | 28/06/2019 | 29/07/2019 | Dutch | |
| Abridged model | 31/12/2017 | 29/06/2018 | 24/07/2018 | Dutch | |
| Abridged model | 31/12/2016 | 30/06/2017 | 27/07/2017 | Dutch | |
| Abridged model | 31/12/2015 | 24/06/2016 | 01/07/2016 | Dutch | |
| Abridged model | 31/12/2014 | 28/05/2015 | 02/06/2015 | Dutch | |
| Abridged model | 31/12/2013 | 25/06/2014 | 03/07/2014 | Dutch | |
| Abridged model | 31/12/2012 | 07/05/2013 | 14/05/2013 | Dutch | |
| Abridged model | 31/12/2011 | 04/06/2012 | 11/06/2012 | Dutch | |
| Abridged modelCorrection | 31/12/2010 | 01/08/2011 | 19/09/2011 | Dutch | |
| Abridged model | 31/12/2010 | 01/08/2011 | 11/08/2011 | Dutch | |
| Abridged model | 31/12/2009 | 16/08/2010 | 30/08/2010 | Dutch | |
| Abridged model | 31/12/2008 | 24/08/2009 | 25/08/2009 | Dutch | |
| Abridged model | 31/12/2007 | 18/08/2008 | 30/08/2008 | Dutch | |
| Abridged model | 31/12/2006 | 29/06/2007 | 31/08/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 1 M€ and 2,5 M€
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 9 ended
Active mandates
Anne-Marie Smet
ActiveEnded mandates
Anne Marie Smet
EndedMarie Smet Anne
EndedMarie Smet Anne
Endedanne-marie smet
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025172,3 k €↑
- 2024Annual accounts 202470 k €↑
- 2023Annual accounts 202345,6 k €↑
- 2022Annual accounts 202239,1 k €↑
- 2021Annual accounts 202131,9 k €↑
- 2018Annual accounts 201821 k €↑
- 2017Annual accounts 201715,4 k €↑
- 2016Annual accounts 2016-16,3 k €↑
- 2015Annual accounts 2015-27 k €↓
- 2014Annual accounts 201444,4 k €↑
- 2013Annual accounts 2013-3,1 k €↓
- 2012Annual accounts 2012-2,4 k €↑
- 2011Annual accounts 2011-51,1 k €↓
- 2010Annual accounts 2010-18,4 k €↓
- 2009Annual accounts 20092,5 k €↓
- 2008Annual accounts 200817,9 k €↑
- 2007Annual accounts 2007-27,6 k €↓
- 2006Annual accounts 200663,7 k €
- 20/08/1992IncorporationPrivate limited company