G.M. CONSTRUCT
ActiveG.M. CONSTRUCT has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €59k and a net result of €3k. Equity is growing by ~14.6% per year across the filed fiscal years. Its solvency ranks better than 16% of 27450 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
43
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability34▲+1
Solvency37▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.11 against 1.13 in 2024; short-term debt: 84% and cash: 8.4% of total assets), and 87.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
12.4%
Return on assets
0.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 27450 sector peers (2025).
NBB · sector comparisonPosition among 27450 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
6 d late
2024
23 d early
2023
48 d early
2022
66 d early
2021
69 d early
2020
31 d early
2019
29 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€3k▼ 16.9%
2024 · €3k
2018: €29
2019: €786
2020: €1k
2021: €14k
2022: €1k
2023: €12k
2024: €3k
2018 → 2025
Working capital
€43k▼ 10.6%
2024 · €48k
2018: €19k
2019: €14k
2020: €17k
2021: €34k
2022: €37k
2023: €322k
2024: €48k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€39k-€40k▲ 3.2%€53k▲ 31.0%€56k▲ 6.6%€59k▲ 5.1%
Operating result€19k-€3k▼ 83.2%€27k▲ 748%€21k▼ 20.8%€22k▲ 5.1%
Net result€14k-€1k▼ 91.1%€12k▲ 913%€3k▼ 72.2%€3k▼ 16.9%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 5% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €474k
Fixed assets
€33k▲ 9.5%
Current assets
€441k▲ 7.9%
Equity and liabilities €474k
Equity
€59k▲ 5.1%
Debt
€415k▲ 8.4%
The debt ratio rises from 87.2% to 87.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€31k▲
2024 · €25k
Cash flow
€12k▲
2024 · €8k
Solvency
12.4%▼
2024 · 12.8%
Current ratio
1.11▼
2024 · 1.13
Quick ratio
0.18▼
2024 · 0.86
Debt / equity
7.04▲
2024 · 6.83
ROE
4.9%▼
2024 · 6.2%
ROA
0.6%▼
2024 · 0.8%
Interest coverage
1.75▲
2024 · 1.60
Debt
€415k▲
2024 · €383k
Debt ≤ 1 year
€398k▲
2024 · €361k
Debt > 1 year
€17k▼
2024 · €22k
Income taxes
€2k▼
2024 · €2k
Staff costs
€2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€439k€474k▲
Fixed assets21/28€30k€33k▲
Tangible fixed assets22/27€30k€32k▲
Plant, machinery and equipment23€29k€32k▲
Furniture and vehicles24€284-
Financial fixed assets28€250€460▲
Current assets29/58€409k€441k▲
Stocks and contracts in progress3€99k€370k▲
Contracts in progress37€99k€370k▲
Amounts receivable within one year40/41€238k€19k▼
Other amounts receivable41€238k€19k▼
Cash at bank and in hand54/58€58k€40k▼
Deferred charges and accrued income490/1€14k€13k▼
Equity and liabilities
Total equity and liabilities10/49€439k€474k▲
Equity10/15€56k€59k▲
Contributions10/11€20k€20k=
Reserves13€388€388=
Distributable reserves133€388€388=
Profit (loss) carried forward14€36k€39k▲
Amounts payable17/49€383k€415k▲
Amounts payable after more than one year17€22k€17k▼
Financial debts170/4€22k€17k▼
Amounts payable within one year42/48€361k€398k▲
Current portion of amounts payable after more than one year42€334k€334k▲
Trade debts44€16k€12k▼
Suppliers440/4€16k€12k▼
Taxes, remuneration and social security45€9k€4k▼
Taxes450/3€5k€2k▼
Remuneration and social security454/9€4k€2k▼
Other amounts payable47/48€2k€48k▲
Income statement
Code20242025
Remuneration, social security and pensions62-€2k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€9k▲
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A€5-
Gross operating margin9900€28k€35k▲
Operating profit (loss)9901€21k€22k▲
Financial income75/76B€8€61▲
Recurring financial income75€7€61▲
Non-recurring financial income76B€0-
Financial charges65/66B€16k€18k▲
Recurring financial charges65€16k€18k▲
Profit (loss) for the period before taxes9903€5k€4k▼
Income taxes67/77€2k€2k▼
Profit (loss) for the period9904€3k€3k▼
Profit (loss) for the period to be appropriated9905€3k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€36k€39k▲
Profit (loss) brought forward from the previous period14P€32k€36k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 6 days late
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 11.86
Current ratio from 3.21 to 11.86.
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €14k ▲1085%
Net result €14k, the highest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Genappe · 1 establishment unit since 1998
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Baty Godin 51471 GenappeGround area
757 m²
Building footprint
172 m²
Volume, LiDAR
1,232 m³
Parcel 25059A0047/00C002, Wallonia · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Baty Godin 5, 1471 Genappe
since 19982.088.737.523
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25059A0047/00C002 | Wallonia | 757 m² | 1 · 172 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
PALMA CONSTRUCTION
BE 0471.826.113
Bertrix · Eq €59k
YANIS ANDREI DESIGN CONSTRUCT
BE 0782.862.056
Sint-Pieters-Leeuw · Eq €59k
GERT JANSSEN
BE 0827.612.017
Brecht · Eq €59k
Solibuild
BE 0437.211.959
Gent · Eq €59k
SUNI INVEST.be
BE 0738.925.115
Gent · Eq €59k
Of 29,808 companies in sector 41001 we hold annual accounts for 16,038. 13,175 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-08-1998
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43990Other specialised construction activities
43999Specialised construction activities
45250
47210Retail sale of fruit and vegetables
47810Retail trade
52621
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.