What does GF PROJECTS do?

GF PROJECTS is an asset manager in Linter. Public Limited, started on 31 January 1984, 1 establishment.

What is the address of GF PROJECTS?

The registered office of GF PROJECTS is located at Kasteelstraat(NRL) 12, 3350 Linter.

Is GF PROJECTS still active?

Yes. According to the CBE (30 October 2026) GF PROJECTS is active, legal situation “Normale toestand”, started on 31 January 1984.

Is GF PROJECTS registered on Peppol?

Yes, GF PROJECTS is registered on the Peppol network with ID 0208:0425343911.

What is the enterprise number of GF PROJECTS?

The enterprise number of GF PROJECTS is BE0425343911.

When was GF PROJECTS founded?

GF PROJECTS was founded on 31 January 1984.

Who are the directors of GF PROJECTS?

According to the 2025 annual accounts, the directors of GF PROJECTS are: Brigitta Thiry, Hotinvest NV, Freddy Van den Veegaete.

Is GF PROJECTS a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 31 January 1984; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did GF PROJECTS make in 2025?

GF PROJECTS recorded a loss after taxes of € 381,193 in financial year 2025.

What is the revenue of GF PROJECTS?

As a small company, GF PROJECTS is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € -204,226.

How many employees does GF PROJECTS have?

According to the 2025 annual accounts, GF PROJECTS has 0 full-time equivalents (FTE).

GF PROJECTS (Public Limited) - Linter - BE0425343911

Dossier GF PROJECTS, printed on 30 October 2026 from databakkes.be/en/0425343911/gf-projects. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Two loss years in a row NBB

Negative result in 2024 and 2025.

Financials

Financial year 2025

GF PROJECTS from Linter, company number BE0425343911, closed financial year 2025 with a result of € -381,193 after tax. For that financial year GF PROJECTS recorded a gross margin of € -204,226 and equity of € 2.2 million. Compared with financial year 2024, the result moved from € -74,397 to € -381,193. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.

What it is worth Healthy

€ 2.2 million

▼ 15% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -381,193

▼ 412 % more loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 63,052

▲ 194% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 2.2 million.

People and assets in 2025

Full-time equivalents

Average over the fiscal year, from the social balance sheet.

Debts at end 2025

Bank debt ≈ 32 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 2.2 million

▼ 11% vs 2024

€ 50,797 is repaid this year. At this pace the long-term loan is gone in ≈ 32 years.

Owed to suppliers

€ 47,137

▲ € 46,831 vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 55,775

▲ 66% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ -10,631 Gross margin 2022: € -10,631 First fiscal year in the series	€ 34,434 Gross margin 2023: € 34,434 ▲ € 45,065 vs 2022 (€ -10,631) Favourable step	€ 149,687 Gross margin 2024: € 149,687 ▲ € 115,253 vs 2023 (€ 34,434) Favourable step	€ -204,226 Gross margin 2025: € -204,226 ▼ € 353,913 vs 2024 (€ 149,687) Unfavourable step	▼ € 353,913
Profit after taxes	€ 93,165 Profit after taxes 2022: € 93,165 First fiscal year in the series	€ 73,236 Profit after taxes 2023: € 73,236 ▼ 21% vs 2022 (€ 93,165) Unfavourable step	€ -74,397 Profit after taxes 2024: € -74,397 ▼ € 147,634 vs 2023 (€ 73,236) Unfavourable step	€ -381,193 Profit after taxes 2025: € -381,193 ▼ € 306,796 vs 2024 (€ -74,397) Unfavourable step	▼ € 306,796
Equity	€ 2,603,799 Equity 2022: € 2,603,799 First fiscal year in the series	€ 2,677,035 Equity 2023: € 2,677,035 ▲ 3% vs 2022 (€ 2,603,799) Favourable step	€ 2,602,638 Equity 2024: € 2,602,638 ▼ 3% vs 2023 (€ 2,677,035) Unfavourable step	€ 2,221,446 Equity 2025: € 2,221,446 ▼ 15% vs 2024 (€ 2,602,638) Unfavourable step	▼ 15%
Total debts	€ 2,102,546 Total debts 2022: € 2,102,546 First fiscal year in the series	€ 2,457,010 Total debts 2023: € 2,457,010 ▲ 17% vs 2022 (€ 2,102,546) Unfavourable step	€ 2,634,880 Total debts 2024: € 2,634,880 ▲ 7% vs 2023 (€ 2,457,010) Unfavourable step	€ 2,430,683 Total debts 2025: € 2,430,683 ▼ 8% vs 2024 (€ 2,634,880) Favourable step	▼ 8%
Cash	€ 25,113 Cash 2022: € 25,113 First fiscal year in the series	€ 25,094 Cash 2023: € 25,094 Unchanged (€ 25,113) Unfavourable step	€ 21,444 Cash 2024: € 21,444 ▼ 15% vs 2023 (€ 25,094) Unfavourable step	€ 63,052 Cash 2025: € 63,052 ▲ 194% vs 2024 (€ 21,444) Favourable step	▲ 194%
Land & buildings	€ 2,983,263 Land & buildings 2022: € 2,983,263 First fiscal year in the series	€ 4,275,532 Land & buildings 2023: € 4,275,532 ▲ 43% vs 2022 (€ 2,983,263) Unchanged	€ 4,507,357 Land & buildings 2024: € 4,507,357 ▲ 5% vs 2023 (€ 4,275,532) Unchanged	€ 3,852,416 Land & buildings 2025: € 3,852,416 ▼ 15% vs 2024 (€ 4,507,357) Unchanged	▼ 15%
Retained profit	€ 2,541,799 Retained profit 2022: € 2,541,799 First fiscal year in the series	€ 2,615,035 Retained profit 2023: € 2,615,035 ▲ 3% vs 2022 (€ 2,541,799) Favourable step	€ 2,540,638 Retained profit 2024: € 2,540,638 ▼ 3% vs 2023 (€ 2,615,035) Unfavourable step	€ 2,159,446 Retained profit 2025: € 2,159,446 ▼ 15% vs 2024 (€ 2,540,638) Unfavourable step	▼ 15%
Bank debt	€ 1,425,130 Bank debt 2022: € 1,425,130 First fiscal year in the series	€ 2,314,771 Bank debt 2023: € 2,314,771 ▲ 62% vs 2022 (€ 1,425,130) Unfavourable step	€ 2,511,901 Bank debt 2024: € 2,511,901 ▲ 9% vs 2023 (€ 2,314,771) Unfavourable step	€ 2,242,461 Bank debt 2025: € 2,242,461 ▼ 11% vs 2024 (€ 2,511,901) Favourable step	▼ 11%
Balance sheet total	€ 5,192,879 Balance sheet total 2022: € 5,192,879 First fiscal year in the series	€ 6,170,714 Balance sheet total 2023: € 6,170,714 ▲ 19% vs 2022 (€ 5,192,879) Unchanged	€ 6,247,712 Balance sheet total 2024: € 6,247,712 ▲ 1% vs 2023 (€ 6,170,714) Unchanged	€ 5,581,641 Balance sheet total 2025: € 5,581,641 ▼ 11% vs 2024 (€ 6,247,712) Unchanged	▼ 11%

Key figures of GF PROJECTS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to GF PROJECTS?

What happened at GF PROJECTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2029 Brigitta Thiry stepped down as director. NBB
2029 Hotinvest NV stepped down as director. NBB
2029 Freddy Van den Veegaete stepped down as director. NBB
Sep 30, 2026 New annual accounts for financial year 2025: loss of € 381,193. filed late Source: NBB ↗
2023 Brigitta Thiry became a director. NBB
2023 Hotinvest NV became a director. NBB
2023 Freddy Van den Veegaete became a director. NBB
Apr 19, 1994 New establishment in Linter. KBO

In short

From € 93,165 profit in 2022 to € 381,193 loss in 2025.

Paid € 2,138 in corporate taxes since 2022.

Best year ever: 2022, with € 93,165 profit.

Original PDFs at the National Bank ↗

Management

HOTINVEST 100%

The stake of HOTINVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

GF PROJECTS

The shares are held by HOTINVEST (100%).

Directors

According to the 2025 annual accounts

Brigitta Thiry

Managing director

Also active at: M.D. Plus, IMMO HOEGAARDEN

since 2023 · until 2029

Hotinvest NV

Director · represented by Gerald Van den Veegaete

Also active at: M.D. Plus

since 2023 · until 2029

Freddy Van den Veegaete

Managing director

Also active at: M.D. Plus, HOTINVEST, Archivega Architectenbureau

since 2023 · until 2029

Shareholders

HOTINVEST

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Kasteelstraat(NRL) 12

3350 Linter

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.

All companies at this address →

M.D. Plus same network

€ -114,769 gross margin · 2025

HOTINVEST same network

€ 16,417 gross margin · 2025

Archivega Architectenbureau same network

€ -1,984 gross margin · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0425.343.911

VAT number

BE 0425.343.911

Registered office

Kasteelstraat(NRL) 12, 3350 Linter

Names & denominations

GF PROJECTS

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

31 January 1984

Peppol

Active · Active since 19 Jan 2026

Activities · NACE

Vermogensbeheer

Activiteiten van holdings

Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen

Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen

Overige zakelijke dienstverlening, neg

Holdings

View on CBE Public ↗ Annual accounts (NBB) ↗

GF PROJECTS

Warning lights

Financials

What happened to GF PROJECTS?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions