Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 12 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GM REAL ESTATES from Hasselt, company number BE0721927052, closed financial year 2025 with a result of € 489,133 after tax. For that financial year GM REAL ESTATES recorded a gross margin of € 928,326 and equity of € 1.5 million. Compared with financial year 2024, the result moved from € -156,247 to € 489,133. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 1.5 million
▲ 48% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 489,133
▲ still € 156,247 loss in 2024
Profit after tax over the fiscal year.
€ 94,371
▲ € 92,471 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 € 1.5 million.
Debts at end 2025
€ 6.6 million
▲ 10% vs 2024
€ 213,806 is repaid this year. At this pace the long-term loan is gone in ≈ 31 years.
€ 12,570
▼ 57% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 457,007
▲ 5% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 866,269 | € 1,217,548 | € 119,033 | € 928,326 | ▲ € 809,293 |
| Profit after taxes | € 557,963 | € 551,256 | € -156,247 | € 489,133 | ▲ € 645,380 |
| Equity | € 626,487 | € 1,177,743 | € 1,021,497 | € 1,510,630 | ▲ 48% |
| Total debts | € 14,874,376 | € 9,927,749 | € 9,936,932 | € 7,882,587 | ▼ 21% |
| Cash | € 44,035 | € 807 | € 1,900 | € 94,371 | ▲ € 92,471 |
| Land & buildings | € 1,184,294 | € 8,628,590 | € 8,666,316 | € 8,513,661 | ▼ 2% |
| Retained profit | € 576,487 | € 1,127,743 | € 971,497 | € 1,460,630 | ▲ 50% |
| Bank debt | € 7,304,520 | € 3,126,886 | € 5,969,448 | € 6,560,021 | ▲ 10% |
| Balance sheet total | € 15,500,863 | € 11,105,492 | € 10,958,428 | € 9,393,217 | ▼ 14% |
Key figures of GM REAL ESTATES, 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 GM REAL ESTATES?
What happened at GM REAL ESTATES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 489,133. Source: NBB ↗
- GROUP GM BV became a director. NBB
- SABRINA GOVAERTS became a director. NBB
- New establishment in Hasselt. KBO
- Start of the company according to the CBE. KBO
In short
From € 557,963 profit in 2022 to € 489,133 profit in 2025.
Paid € 528,046 in corporate taxes since 2022.
Best year ever: 2022, with € 557,963 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
The stake of Group GM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GM REAL ESTATESBehind GM REAL ESTATES are GROUP GM BV and SABRINA GOVAERTS. The shares are held by Group GM (99.4%).
Directors
According to the 2025 annual accounts
Director · represented by MULLENS DAAN
Also active at: Immo Hulsmans, GM PROPERTIES, GM INVESTMENTS, GM Investment Group, GM DEVELOPMENTS, PB INVEST, IMMO TOP INVEST
since 2026
since 2026
Shareholders
99.4%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Sasput 47
3500 Hasselt
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 →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0721.927.052
- VAT number
- BE 0721.927.052
- Registered office
- Sasput 47, 3500 Hasselt
- Names & denominations
- GM REAL ESTATES
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 March 2019
- Peppol
- Active · Active since 13 Jan 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen