Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
-
Tight liquidity NBB
Cash and receivables cover 29 % of short-term debt in 2024; threshold 65 %.
-
Busy address KBO
21 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
GPH Development from Brussel, company number BE0598827322, closed financial year 2024 with a result of € -81,565 after tax. For that financial year GPH Development recorded a gross margin of € -26,599 and equity of € -239,794. Compared with financial year 2023, the result moved from € -1,165 to € -81,565. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2025.
€ -239,794
▼ € 81,565 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -81,565
▼ 6904 % more loss than in 2023
Profit after tax over the fiscal year.
€ 21,691
▲ € 20,994 vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -252,194.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 31,193
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 51,598
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 109,450
▲ € 101,352 vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 21,210
▲ € 20,799 vs 2023
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € -6,400 | € -30,283 | € -328 | € -26,599 | ▼ € 26,271 |
| Profit after taxes | € -8,101 | € -31,751 | € -1,165 | € -81,565 | ▼ € 80,400 |
| Equity | € -125,314 | € -157,065 | € -158,230 | € -239,794 | ▼ € 81,565 |
| Total debts | € 146,316 | € 183,757 | € 181,805 | € 432,097 | ▲ 138% |
| Cash | € 842 | € 1,288 | € 697 | € 21,691 | ▲ € 20,994 |
| Retained profit | € -137,714 | € -169,465 | € -170,630 | € -252,194 | ▼ € 81,565 |
| Balance sheet total | € 21,002 | € 26,692 | € 23,575 | € 192,302 | ▲ € 168,727 |
Key figures of GPH Development, 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 GPH Development?
What happened at GPH Development in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 81,565. filed late Source: NBB ↗
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
- Gary HASSON became a director. NBB
In short
From € 8,101 loss in 2021 to € 81,565 loss in 2024.
Paid € 886 in corporate taxes since 2021.
A new publication or filing at GPH Development? We notify you, reason included.
Follow GPH DevelopmentDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind GPH Development is Gary HASSON. Gary HASSON is also behind Empire Productions, GYM&GO and MYCLOSET.
Directors
According to the 2024 annual accounts
since 2015
Establishments
Establishment units
Physical locations of this company
Van Eyckstraat 44
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 21 companies are registered at this address.
All companies at this address →IMMO 2000
€ 134,123 gross margin · 2025
European Vending & Coffee Service Association
DIAMANT HOTEL COMPANY
€ 419,764 gross margin · 2025
PROFINCO
€ 1.2 million gross margin · 2025
IMMOBILIERE CLARA
€ 529,672 gross margin · 2025
+16 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0598.827.322
- VAT number
- BE 0598.827.322
- Registered office
- Van Eyckstraat 44, 1000 Brussel
- Names & denominations
- GPH Development
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 February 2015
- Peppol
- Active · Active since 12 Jan 2026
- Activities · NACE
Activiteiten van kuuroorden, sauna’s en stoombaden
Logistieke diensten
Sauna's, solaria, baden enz.
Overige vervoerondersteunende activiteiten