ACTIVE

GL-Projects

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Financial year 2025 · closed on 31/12/2025

Net result

-3,4 k €

+22.5% YoY

Gross margin

48,4 k €

-28.0% YoY

Equity

237,2 k €

-1.4% YoY

What does GL-Projects do?

GL-Projects is a Private limited company incorporated in 2010. Its main activity is: Development of building projects. Its registered office is in Kasterlee.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0823.806.350

Incorporation

08/03/2010

Legal form

Private limited company

Registered office

Prijstraat 32
2460 Kasterlee · FlandreSee on map

Contributed capital

125 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 41102Development of building projects 49410Freight transport by road 49410Freight transport by road 68122Buying and selling of own real estate

Signals

Solid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	48,4 k €	-28.0%	67,2 k €	-17.9%	81,9 k €	+43.7%	57 k €	-62.4%	151,8 k €	+56.0%	97,3 k €	+12.5%	86,5 k €	-24.6%	114,7 k €	+58.9%	72,2 k €	+20.9%	59,7 k €	+2.1%	58,5 k €	-34.1%	88,8 k €	+2291%	-4,1 k €	-113%	31,7 k €	+745%	3,8 k €	+143%	-8,8 k €
EBITDA	45,7 k €	-29.8%	65 k €	-13.6%	75,2 k €	+47.4%	51,1 k €	-66.0%	150,2 k €	+57.1%	95,6 k €	+15.4%	82,8 k €	-24.3%	109,5 k €	+67.1%	65,5 k €	+15.8%	56,6 k €	-1.5%	57,4 k €	-33.8%	86,8 k €	+1622%	-5,7 k €	-118%	30,9 k €	+889%	3,1 k €	+134%	-9,2 k €
Operating result	17,5 k €	+55.1%	11,3 k €	-47.8%	21,6 k €	+258%	-13,7 k €	-121%	64,3 k €	+193%	21,9 k €	+31.3%	16,7 k €	-62.0%	43,9 k €	+81.7%	24,2 k €	+24.8%	19,4 k €	-0.1%	19,4 k €	-56.6%	44,7 k €	+353%	-17,7 k €	-2.0%	-17,3 k €	-121%	-7,8 k €	+14.9%	-9,2 k €
Net result	-3,4 k €	+22.5%	-4,4 k €	-1133%	426,9 €	-99.3%	61 k €	+67.0%	36,5 k €	+288%	9,4 k €	+6.0%	8,9 k €	-68.0%	27,7 k €	+513%	4,5 k €	+157%	1,8 k €	-90.0%	17,6 k €	+760%	2 k €	+106%	-33,8 k €	-27.9%	-26,5 k €	-184%	-9,3 k €	-79.8%	-5,2 k €
Balance sheet
Equity	237,2 k €	-1.4%	240,7 k €	-1.8%	245,1 k €	+0.2%	244,6 k €	+25.8%	194,5 k €	+23.1%	157,9 k €	+6.3%	148,5 k €	+6.4%	139,7 k €	+24.8%	111,9 k €	+4.2%	107,4 k €	+1.7%	105,6 k €	+20.0%	88 k €	-5.8%	93,5 k €	+11.2%	84 k €	-24.0%	110,5 k €	-7.8%	119,8 k €
Total assets	586 k €	-50.5%	1,2 M €	-9.8%	1,3 M €	-2.1%	1,3 M €	+1.0%	1,3 M €	-14.5%	1,6 M €	+4.0%	1,5 M €	+26.7%	1,2 M €	+1.7%	1,2 M €	+18.8%	976,3 k €	+45.3%	672 k €	+47.1%	456,9 k €	-43.8%	813,2 k €	+51.4%	537 k €	+24.6%	431,1 k €	+257%	120,9 k €
Cash	6,9 k €	+1.7%	6,8 k €	-84.9%	45 k €	+708%	5,6 k €	-45.4%	10,2 k €	+26.5%	8,1 k €	-54.4%	17,7 k €	+87.5%	9,4 k €	-1.7%	9,6 k €	+27.7%	7,5 k €	-69.5%	24,6 k €	+44.2%	17,1 k €	-85.7%	119,2 k €	+4948%	2,4 k €	-98.7%	177 k €	+1793%	9,3 k €
Debts	346,7 k €	-62.9%	935,8 k €	-11.7%	1,1 M €	-2.4%	1,1 M €	-4.2%	1,1 M €	-18.8%	1,4 M €	+3.8%	1,3 M €	+29.4%	1 M €	-0.7%	1 M €	+20.6%	868,9 k €	+53.4%	566,4 k €	+53.5%	368,9 k €	-48.7%	719,7 k €	+58.9%	453 k €	+41.6%	319,9 k €	+29318%	1,1 k €

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 31/12/2025 · 1 active · 3 ended

Active mandates

Gert Van Ballaert

Director · since 01 juillet 2013

Active

Ended mandates

Gert Van Ballaer

Manager · since 08 mars 2010

Ended

Gert Van Ballaert

Manager

Ended

Lisette Vandeweyer

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
G&E CONSTRUCT● Active	1032.523.329
G.J. Invest● Active	0812.692.229
VBM Construct● Active	1025.988.794

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	27/05/2026	27/08/2025	14/08/2024	27/08/2023	27/09/2022	27/10/2021
General meeting	24/02/2026	16/06/2025	17/06/2024	15/06/2023	15/06/2022	31/08/2021
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

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Filings

Annual accounts filings

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	24/02/2026	27/05/2026	Dutch	PDF
Micro model	31/12/2024	16/06/2025	27/08/2025	Dutch	PDF
Micro model	31/12/2023	17/06/2024	14/08/2024	Dutch	PDF
Micro model	31/12/2022	15/06/2023	27/08/2023	Dutch	PDF
Micro model	31/12/2021	15/06/2022	27/09/2022	Dutch	PDF
Micro model	31/12/2020	31/08/2021	27/10/2021	Dutch	PDF
Micro model	31/12/2019	31/08/2020	30/09/2020	Dutch	PDF
Micro model	31/12/2018	31/08/2019	13/09/2019	Dutch	PDF
Micro model	31/12/2017	15/06/2018	21/09/2018	Dutch	PDF
Abridged model	31/12/2016	15/06/2017	15/06/2017	Dutch	PDF
Abridged model	31/12/2015	15/06/2016	15/06/2016	Dutch	PDF
Abridged model	31/12/2014	31/07/2015	04/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	04/08/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	25/07/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	31/07/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	18/07/2011	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 31/12/2025 · 1 active · 3 ended

Active mandates

Gert Van Ballaert

Director · since 01 juillet 2013

Active

Ended mandates

Gert Van Ballaer

Manager · since 08 mars 2010

Ended

Gert Van Ballaert

Manager

Ended

Lisette Vandeweyer

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring11/06/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring20/03/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates16/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office30/01/2019
MAATSCHAPPELIJKE ZETEL
PDF
Mandates26/08/2013
ONTSLAGEN - BENOEMINGEN
PDF
Other22/03/2010
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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

2025
Annual accounts 2025-3,4 k €↑
2024
Annual accounts 2024-4,4 k €↓
2023
Annual accounts 2023426,9 €↓
2022
Annual accounts 202261 k €↑
2021
Annual accounts 202136,5 k €↑
2020
Annual accounts 20209,4 k €↑
2019
Annual accounts 20198,9 k €↓
2018
Annual accounts 201827,7 k €↑
2017
Annual accounts 20174,5 k €↑
2016
Annual accounts 20161,8 k €↓
2015
Annual accounts 201517,6 k €↑
2014
Annual accounts 20142 k €↑
2013
Annual accounts 2013-33,8 k €↓
2012
Annual accounts 2012-26,5 k €↓
2011
Annual accounts 2011-9,3 k €↓
2010
Annual accounts 2010-5,2 k €
08/03/2010
IncorporationPrivate 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

GL-Projects

Overview

What does GL-Projects do?

Trend over 16 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