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 3 of the last 3 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 21 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GW DEVELOPMENT from Elsene, company number BE0639930873, closed financial year 2025 with a result of € 3,487 after tax. For that financial year GW DEVELOPMENT recorded a gross margin of € 11,501 and equity of € -54,825. Compared with financial year 2024, the result moved from € -13,797 to € 3,487. Profitable, and profit is growing. 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 July 15, 2026.
€ -54,825
▲ € 3,487 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3,487
▲ still € 13,797 loss in 2024
Profit after tax over the fiscal year.
€ 19,124
▲ 19% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -55,325.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 11,574
▼ 24% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2,482
▲ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 680
▼ 74% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -39,648 | € -7,604 | € 11,501 | ▲ € 19,105 |
| Profit after taxes | € -49,031 | € -13,797 | € 3,487 | ▲ € 17,284 |
| Equity | € -44,515 | € -58,312 | € -54,825 | ▲ € 3,487 |
| Total debts | € 77,111 | € 96,911 | € 94,966 | ▼ 2% |
| Cash | € 1,923 | € 16,123 | € 19,124 | ▲ 19% |
| Retained profit | € -45,015 | € -58,812 | € -55,325 | ▲ € 3,487 |
| Balance sheet total | € 32,597 | € 38,599 | € 40,141 | ▲ 4% |
Key figures of GW DEVELOPMENT, fiscal years 2023 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 GW DEVELOPMENT?
What happened at GW DEVELOPMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 3,487. Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Elsene. KBO
In short
From € 49,031 loss in 2023 to € 3,487 profit in 2025.
Paid € 574 in corporate taxes since 2023.
Best year ever: 2025, with € 3,487 profit.
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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 GW DEVELOPMENT is Géraldine WECKX. Géraldine WECKX is also behind ODEMAR.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Sans Soucistraat 147
1050 Elsene
de Vergniesstraat 29
1050 Elsene
Active since 1 October 2015
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0639.930.873
- VAT number
- BE 0639.930.873
- Registered office
- Sans Soucistraat 147, 1050 Elsene
- Names & denominations
- GW DEVELOPMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 October 2015
- Peppol
- Active · Active since 15 Jan 2026
- Activities · NACE
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