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 %.
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Busy address KBO
24 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
GFR Projects from Turnhout, company number BE1011425334, closed financial year 2025 with a result of € 30,877 after tax. For that financial year GFR Projects recorded a gross margin of € 107,927 and equity of € 416,382. Compared with financial year 2024, the result moved from € -14,495 to € 30,877. 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 February 18, 2026.
€ 416,382
▲ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 30,877
▲ still € 14,495 loss in 2024
Profit after tax over the fiscal year.
€ 48,895
▲ 45% 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 € 16,382.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 801,450
▲ 100% vs 2024
€ 1,450 is repaid this year. At this pace the long-term loan is gone in ≈ 277 years.
€ 4,030
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € -743 | € 107,927 | ▲ € 108,671 |
| Profit after taxes | € -14,495 | € 30,877 | ▲ € 45,373 |
| Equity | € 385,505 | € 416,382 | ▲ 8% |
| Total debts | € 401,428 | € 809,380 | ▲ 102% |
| Cash | € 33,725 | € 48,895 | ▲ 45% |
| Land & buildings | € 435,867 | € 483,200 | ▲ 11% |
| Retained profit | € -14,495 | € 16,382 | ▲ € 30,877 |
| Bank debt | € 400,000 | € 801,450 | ▲ 100% |
| Balance sheet total | € 786,933 | € 1,225,762 | ▲ 56% |
Key figures of GFR Projects, fiscal years 2024 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 GFR Projects?
What happened at GFR Projects in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 30,877. Source: NBB ↗
- New establishment in Turnhout. KBO
- Start of the company according to the CBE. KBO
In short
From € 14,495 loss in 2024 to € 30,877 profit in 2025.
Paid € 4,096 in corporate taxes since 2024.
Best year ever: 2025, with € 30,877 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 GINVESTCO BV comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GFR ProjectsBehind GFR Projects are GINVESTCO BV and Frans Wauters. The shares are held by GINVESTCO BV (50%).
Directors
According to the 2025 annual accounts
Director · represented by August van Puijenbroek
Frans Wauters
Director
Shareholders
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kempenlaan 2A box 1.2.
2300 Turnhout
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 24 companies are registered at this address.
All companies at this address →VAN ROEY AUTOMATION
€ 54.2 million revenue · 2025
Kelvin Solutions
€ 1.5 million gross margin · 2025
JAHANI 1
Kelvin Projects
€ -14 gross margin · 2025
SYNTRES
€ 365,516 gross margin · 2025
+19 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
- 1011.425.334
- VAT number
- BE 1011.425.334
- Registered office
- Kempenlaan 2A bus 1.2., 2300 Turnhout
- Names & denominations
- GFR Projects
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 July 2024
- Peppol
- Active · Active since 16 May 2025
- Contact
- [email protected]