Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 51 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
G.R. PROJECTS from Genk, company number BE0848054964, closed financial year 2024 with a result of € -24,560 after tax. For that financial year G.R. PROJECTS recorded a gross margin of € -10,309 and equity of € 40,325. Compared with financial year 2023, the result moved from € -10,150 to € -24,560. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 10, 2025.
€ 40,325
▼ 38% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -24,560
▼ 142 % more loss than in 2023
Profit after tax over the fiscal year.
€ 7
▼ 88% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 34,125.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 864
▼ 54% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 73,099
▲ 14% vs 2023
Loans from banks and other lenders, long and short.
€ 53,143
▲ 86% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 16,594
▲ € 13,218 vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 67,904 | € -3,851 | € 8,690 | € -10,309 | ▼ € 18,999 |
| Profit after taxes | € 31,516 | € -48,260 | € -10,150 | € -24,560 | ▼ € 14,410 |
| Equity | € 132,332 | € 84,072 | € 64,885 | € 40,325 | ▼ 38% |
| Total debts | € 178,742 | € 142,267 | € 105,040 | € 143,287 | ▲ 36% |
| Cash | € 24,797 | € 10,966 | € 55 | € 7 | ▼ 88% |
| Retained profit | € 126,132 | € 77,872 | € 58,685 | € 34,125 | ▼ 42% |
| Dividend | € 0 | € 0 | € 9,037 | € 0 | ▼ 100% |
| Bank debt | € 36,959 | € 40,757 | € 64,068 | € 73,099 | ▲ 14% |
| Balance sheet total | € 311,075 | € 226,339 | € 169,925 | € 183,612 | ▲ 8% |
Key figures of G.R. PROJECTS, 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 G.R. PROJECTS?
What happened at G.R. PROJECTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 24,560. filed late Source: NBB ↗
- New establishment in Genk. KBO
- GERD RATHKE became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 31,516 profit in 2021 to € 24,560 loss in 2024.
Paid € 17,075 in corporate taxes since 2021.
Best year ever: 2021, with € 31,516 profit.
Paid out € 9,037 in dividends to the owners in total.
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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
Directors
According to the 2024 annual accounts
GERD RATHKE
Director
since 2012
Establishments
Establishment units
Physical locations of this company
Winterslagstraat 163
3600 Genk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0848.054.964
- VAT number
- BE 0848.054.964
- Registered office
- Winterslagstraat 163, 3600 Genk
- Names & denominations
- G.R. PROJECTS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 August 2012
- Peppol
- Active · Active since 31 Mar 2026
- Activities · NACE
Overige gespecialiseerde bouwactiviteiten, neg
Overige gespecialiseerde bouwwerkzaamheden
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