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 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
GM PROPERTY from Grimbergen, company number BE0797864689, closed financial year 2025 with a result of € -4,597 after tax. For that financial year GM PROPERTY recorded a gross margin of € -3,084 and equity of € -11,340. Compared with financial year 2024, the result moved from € -4,321 to € -4,597. 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 August 21, 2026.
€ -11,340
▼ € 4,597 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4,597
▼ 6 % more loss than in 2024
Profit after tax over the fiscal year.
€ 20,427
▲ € 19,319 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -13,340.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 163
▲ 69% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -4,172 | € -2,800 | € -3,084 | ▼ € 284 |
| Profit after taxes | € -4,423 | € -4,321 | € -4,597 | ▼ € 277 |
| Equity | € -2,423 | € -6,743 | € -11,340 | ▼ € 4,597 |
| Total debts | € 28,110 | € 32,351 | € 33,768 | ▲ 4% |
| Cash | € 3,187 | € 1,108 | € 20,427 | ▲ € 19,319 |
| Retained profit | € -4,423 | € -8,743 | € -13,340 | ▼ € 4,597 |
| Balance sheet total | € 25,687 | € 25,608 | € 22,427 | ▼ 12% |
Key figures of GM PROPERTY, 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 GM PROPERTY?
What happened at GM PROPERTY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 4,597. filed late Source: NBB ↗
- New establishment in Grimbergen. KBO
- Start of the company according to the CBE. KBO
- Michel Van Den Meersschaut became a director. NBB
- Gert Toye became a director. NBB
In short
From € 4,423 loss in 2023 to € 4,597 loss in 2025.
Management
The stake of TOSTE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GM PROPERTYBehind GM PROPERTY are Michel Van Den Meersschaut and Gert Toye. The shares are held by TOSTE (50%). It owns 40% of Everest Land Management itself.
Directors
According to the 2025 annual accounts
since 2023
Gert Toye
Director
Also active at: WOUTER LEUS, GM REAL CONSTRUCT, TOSTE, GM PROJECT, COUTURE Kwintens
since 2023
Shareholders
50%
Participations
Establishments
Establishment units
Physical locations of this company
Prinsenstraat 24
1850 Grimbergen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →Real Renting
€ -5,389 gross margin · 2025
GM REAL CONSTRUCT same network
€ -65,501 gross margin · 2025
TOSTE same network
€ 493,401 gross margin · 2024
VOSTOY
€ 1,296 gross margin · 2025
GM PROJECT same network
€ -34,859 gross margin · 2025
+4 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
- 0797.864.689
- VAT number
- BE 0797.864.689
- Registered office
- Prinsenstraat 24, 1850 Grimbergen
- Names & denominations
- GM PROPERTY
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 February 2023
- Peppol
- Not registered