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 3 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Busy address KBO
79 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
GOLF TERRAIN OPERATIONS MANAGEMENT from Ieper, company number BE0773738019, closed financial year 2024 with a result of € -138,803 after tax. For that financial year GOLF TERRAIN OPERATIONS MANAGEMENT recorded a gross margin of € -12,322 and equity of € -627,335. Compared with financial year 2023, the result moved from € -299,754 to € -138,803. 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 July 4, 2025.
€ -627,335
▼ € 138,803 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -138,803
▲ 54 % less loss than in 2023
Profit after tax over the fiscal year.
€ 316
▼ 54% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -877,335.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 22,407
▼ 34% vs 2023
Supplier invoices still open on the last day of the fiscal year.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € -147,111 | € -227,105 | € -190,317 | € -12,322 | ▲ € 177,995 |
| Profit after taxes | € -147,032 | € -291,746 | € -299,754 | € -138,803 | ▲ € 160,951 |
| Equity | € 102,968 | € -188,778 | € -488,532 | € -627,335 | ▼ € 138,803 |
| Total debts | € 619,292 | € 727,627 | € 1,017,102 | € 1,107,401 | ▲ 9% |
| Cash | € 599 | € 512 | € 687 | € 316 | ▼ 54% |
| Land & buildings | € 456,088 | € 448,623 | € 398,892 | € 349,160 | ▼ 12% |
| Retained profit | € -147,032 | € -438,778 | € -738,532 | € -877,335 | ▼ € 138,803 |
| Balance sheet total | € 722,260 | € 538,849 | € 528,570 | € 480,066 | ▼ 9% |
Key figures of GOLF TERRAIN OPERATIONS MANAGEMENT, 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 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 2024: loss of € 138,803. Source: NBB ↗
- Michael Gheysens stepped down as director. NBB
- New establishment in Ieper. KBO
- Marie-Julie Gheysens became a director. NBB
- Paul Gheysens became a director. NBB
- Michael Gheysens became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 147,032 loss in 2021 to € 138,803 loss in 2024.
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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 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 and Paul Gheysens. The shares are held by INTERNATIONAL REAL ESTATE SERVICES (100%).
Directors
According to the 2024 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
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 +73 more
since 2021
Michael Gheysens
Director
Also active at: DOCK-SITE, Royal Antwerp Football club, R.H.R. - INDUSTRIES, GARAGE S.O.S., CARLTON RETAIL, GHELAMCO, GHELAMCO INVEST, SOGIMES +71 more
since 2021 · until 2025
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
€ 272,092 gross margin · 2024
GARAGE S.O.S. same network
€ -10,621 gross margin · 2024
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