Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 0.9 to 0.
Financials
Financial year 2024
G.D. ENGINEERING from Sint-Pieters-Leeuw, company number BE0436031430, closed financial year 2024 with a result of € 334,299 after tax. For that financial year G.D. ENGINEERING recorded revenue of € 39,000 and equity of € 3.2 million. Compared with financial year 2023, the result moved from € -109,057 to € 334,299. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 23, 2025.
€ 3.2 million
▲ 12% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 334,299
▲ still € 109,057 loss in 2023
Profit after tax over the fiscal year.
€ 81,790
▼ 91% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -752,781.
People and assets in 2024
0
▼ 0.8 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 7,367
▼ 53% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 2.7 million
▼ 8% vs 2023
Of which on lease € 2.7 million.
Debts at end 2024
€ 1.9 million
▼ 10% vs 2023
€ 223,905 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 166,059
▲ € 155,260 vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 191 days on average.
€ 136,783
▲ € 134,024 vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 98,545 | € 101,270 | € 47,879 | € 39,000 | ▼ 19% |
| Profit after taxes | € -986,544 | € 375,723 | € -109,057 | € 334,299 | ▲ € 443,357 |
| Equity | € 2,596,255 | € 2,971,978 | € 2,862,920 | € 3,197,219 | ▲ 12% |
| Total debts | € 4,497,080 | € 3,639,301 | € 3,468,942 | € 3,278,316 | ▼ 5% |
| Cash | € 329,942 | € 128,912 | € 916,112 | € 81,790 | ▼ 91% |
| Land & buildings | € 2,359 | € 0 | € 0 | - | |
| Retained profit | € -1,353,745 | € -978,022 | € -1,087,080 | € -752,781 | ▲ € 334,299 |
| Bank debt | € 2,499,770 | € 2,260,432 | € 2,158,078 | € 1,939,081 | ▼ 10% |
| Balance sheet total | € 7,432,409 | € 6,950,353 | € 6,670,937 | € 6,475,536 | ▼ 3% |
| Employees (FTE) | 1 | 0.9 | 0.8 | 0 | ▼ 0.8 |
Key figures of G.D. ENGINEERING, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to G.D. ENGINEERING?
What happened at G.D. ENGINEERING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- FOX II COMMV. stepped down as director. NBB
- ICARUS INVEST stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 334,299. filed late Source: NBB ↗
- ICARUS INVEST became a director. NBB
- FOX II COMMV. became a director. NBB
- New establishment in Sint-Pieters-Leeuw. KBO
- Start of the company according to the CBE. KBO
In short
From € 986,544 loss in 2021 to € 334,299 profit in 2024.
Paid € 115,967 in corporate taxes since 2021.
Best year ever: 2022, with € 375,723 profit.
Pays suppliers within 191 days on average.
Management
The stake of ICARUS INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
G.D. ENGINEERINGThe shares are held by ICARUS INVEST (100%). It owns 99.2% of ARIANEL and 94.2% of ASCOLIA itself.
Directors
According to the 2024 annual accounts
Managing director · represented by Olivier Devos
Also active at: MAES METAL, WERKHUIZEN ALLEMEERSCH, METAFOX, ALLFOX, IJ-INVEST, R&R CONSULT
since 2019 · until 2028
Managing director · represented by Frederique Devos
Also active at: MAES METAL, METAFOX, PoletDePypere Company, ASCOLIA, R&R CONSULT
since 2022 · until 2028
Shareholders
100%
Participations
ARIANEL
99.2%
94.2%
Establishments
Establishment units
Physical locations of this company
Bergensesteenweg 308
1600 Sint-Pieters-Leeuw
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0436.031.430
- VAT number
- BE 0436.031.430
- Registered office
- Bergensesteenweg 308, 1600 Sint-Pieters-Leeuw
- Names & denominations
- G.D. ENGINEERING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 December 1988
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- [email protected] 051740059
- Activities · NACE
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