Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
79 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
GOLF TERRAIN OPERATIONS MANAGEMENT from Ieper, company number BE0773738019, closed financial year 2025 with a result of € -329,305 after tax. For that financial year GOLF TERRAIN OPERATIONS MANAGEMENT recorded a gross margin of € -7,589 and equity of € -956,640. Compared with financial year 2024, the result moved from € -138,803 to € -329,305. 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 October 15, 2026.
€ -956,640
▼ € 329,305 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -329,305
▼ 137 % more loss than in 2024
Profit after tax over the fiscal year.
€ 112
▼ 65% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.2 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 30,693
▲ 37% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -227,105 | € -190,317 | € -12,322 | € -7,589 | ▲ € 4,733 |
| Profit after taxes | € -291,746 | € -299,754 | € -138,803 | € -329,305 | ▼ € 190,502 |
| Equity | € -188,778 | € -488,532 | € -627,335 | € -956,640 | ▼ € 329,305 |
| Total debts | € 727,627 | € 1,017,102 | € 1,107,401 | € 1,187,205 | ▲ 7% |
| Cash | € 512 | € 687 | € 316 | € 112 | ▼ 65% |
| Land & buildings | € 448,623 | € 398,892 | € 349,160 | € 98,722 | ▼ 72% |
| Retained profit | € -438,778 | € -738,532 | € -877,335 | € -1,206,640 | ▼ € 329,305 |
| Balance sheet total | € 538,849 | € 528,570 | € 480,066 | € 230,565 | ▼ 52% |
Key figures of GOLF TERRAIN OPERATIONS MANAGEMENT, 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 GOLF TERRAIN OPERATIONS MANAGEMENT?
What happened at GOLF TERRAIN OPERATIONS MANAGEMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 329,305. filed late Source: NBB ↗
- Ghemic BV became a director. NBB
- New establishment in Ieper. KBO
- Marie-Julie Gheysens became a director. NBB
- Paul Gheysens became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 291,746 loss in 2022 to € 329,305 loss in 2025.
Management
The stake of INTERNATIONAL REAL ESTATE SERVICES comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GOLF TERRAIN OPERATIONS MANAGEMENTBehind GOLF TERRAIN OPERATIONS MANAGEMENT are Marie-Julie Gheysens, Ghemic BV and Paul Gheysens. The shares are held by INTERNATIONAL REAL ESTATE SERVICES (100%).
Directors
According to the 2025 annual accounts
Marie-Julie Gheysens
Director
Also active at: GHELAMCO INVEST, LPI DEVELOPMENT, GOLF MICE RE, GOLF HOTEL MANAGEMENT, GOLF HOTEL RE, GOLF CO RE, GOLF HOTEL UNITS RE, GOLF AMENITIES RE +3 more
since 2021
Director · represented by Michael Gheysens
Also active at: R.H.R. - INDUSTRIES, GARAGE S.O.S., GHELAMCO INVEST, SOGIMES, IMMOBILIERE NORTH SEA PROPERTIES, THE WHITE HOUSE ZOUTE, STEELCON, BELGIAN TRADING COMPANY +44 more
since 2025
Paul Gheysens
Director
Also active at: DOCK-SITE, R.H.R. - INDUSTRIES, GHELAMCO, GHELAMCO INVEST, SOGIMES, IMMOBILIERE NORTH SEA PROPERTIES, YPFINANCE, THE WHITE HOUSE ZOUTE +74 more
since 2021
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Zwaanhofweg 10
8900 Ieper
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 79 companies are registered at this address.
All companies at this address →R.H.R. - INDUSTRIES same network
€ 233,316 gross margin · 2025
GARAGE S.O.S. same network
€ -8,977 gross margin · 2025
GHELAMCO same network
€ 549,961 revenue · 2024
GHELAMCO INVEST same network
€ 38.6 million revenue · 2025
SOGIMES same network
€ 4.7 million gross margin · 2025
+74 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
- 0773.738.019
- VAT number
- BE 0773.738.019
- Registered office
- Zwaanhofweg 10, 8900 Ieper
- Names & denominations
- GOLF TERRAIN OPERATIONS MANAGEMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 September 2021
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Verhuur en exploitatie van terreinen