GEORGE CONSTRUCT
ActiveGEORGE CONSTRUCT has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9k and a net result of €11k. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 35% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+19
Solvency59▲+17
Growth55=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.5 against 1.19 in 2024; short-term debt: 66.2% and cash: 18.7% of total assets), but 66.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 43
Relative position
BE, all sectors
reference
Sector 43
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
neutral · Latest accounts filed on time
The financial year that closed on 30-04-2025 was due by 30-11-2025 and was filed on 28-11-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
4 d early
2023
1 d early
2022
16 d early
2021
13 d early
2020
18 d early
2019
32 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-04-2026 and is due by 30-11-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-04-2026 close21-09-2026 today30-11-2026 deadline
Financials · fiscal year 2025, micro schema
Turnover
€135k▼ 27.1%
2021 · €185k
2019: €59k
2020: €169k
2021: €185k
2019 → 2022
EBIT margin
0.8%▼ 1.7pp
2021 · 2.5%
2019: 46.5%
2020: 10.2%
2021: 2.5%
2019 → 2022
Net result
€11k▲ 124%
2024 · €5k
2019: €25k
2020: €13k
2021: €852
2022: €2k
2023: €3k
2024: €5k
2019 → 2025
Working capital
€9k▲ 17.8%
2024 · €8k
2019: €17k
2020: €27k
2021: €31k
2022: €32k
2023: €36k
2024: €8k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€185k-€135k▼ 27.1%
Equity€31k-€34k▲ 7.4%€37k▲ 8.9%€8k▼ 77.9%€9k▲ 12.0%
Operating result€5k-€1k▼ 77.3%€-519€6k€15k▲ 147%
Net result€852-€2k▲ 173%€3k▲ 28.8%€5k▲ 63.6%€11k▲ 124%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 147% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €27k
Fixed assets
€150▼ 71.5%
Current assets
€27k▼ 43.9%
Equity and liabilities €27k
Equity
€9k▲ 12.0%
Debt
€18k▼ 55.6%
The debt ratio falls from 83.2% to 66.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15k▲
2024 · €6k
Cash flow
€11k▲
2024 · €5k
Solvency
33.8%▲
2024 · 16.8%
Current ratio
1.50▲
2024 · 1.19
Quick ratio
1.50▲
2024 · 1.19
Debt / equity
1.96▼
2024 · 4.94
ROE
121.0%▲
2024 · 60.6%
ROA
40.9%▲
2024 · 10.2%
Interest coverage
17.05▲
2024 · 7.76
Debt
€18k▼
2024 · €40k
Debt ≤ 1 year
€18k▼
2024 · €40k
Income taxes
€3k▲
2024 · €1k
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€48k€27k▼
Fixed assets21/28€527€150▼
Tangible fixed assets22/27€377€0▼
Furniture and vehicles24€377€0▼
Financial fixed assets28€150€150=
Current assets29/58€48k€27k▼
Amounts receivable within one year40/41€30k€21k▼
Trade receivables40€1k€21k▲
Other amounts receivable41€29k€0▼
Cash at bank and in hand54/58€17k€5k▼
Deferred charges and accrued income490/1€457€549▲
Equity and liabilities
Total equity and liabilities10/49€48k€27k▼
Equity10/15€8k€9k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€35€1k▲
Amounts payable17/49€40k€18k▼
Amounts payable within one year42/48€40k€18k▼
Trade debts44€917€5k▲
Suppliers440/4€917€5k▲
Taxes, remuneration and social security45€16k€6k▼
Taxes450/3€12k€6k▼
Remuneration and social security454/9€4k€0▼
Other amounts payable47/48€23k€7k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€377€377=
Other operating charges640/8€132€141▲
Gross operating margin9900€6k€15k▲
Operating profit (loss)9901€6k€15k▲
Financial income75/76B€1k€90▼
Recurring financial income75€1k€90▼
Financial charges65/66B€812€879▲
Recurring financial charges65€812€879▲
Profit (loss) for the period before taxes9903€6k€14k▲
Income taxes67/77€1k€3k▲
Profit (loss) for the period9904€5k€11k▲
Profit (loss) for the period to be appropriated9905€5k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€34k€11k▼
Profit (loss) brought forward from the previous period14P€29k€35▼
Profit to be distributed694/7€34k€10k▼
Return on contributions (dividend)694€34k€10k▼
The notes to these accounts (5 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
2025
28-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
26-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
29-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
14-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
17-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-04
Financial
Weakest financial yearnet €852 ▼93.5%
Net result drops to €852, the lowest in the series; recovery starts the following year.
30-04
Financial
Liquidity doublescurrent ratio 4.19
Current ratio from 1.80 to 4.19; short-term debt falls from €34k to €10k.
2020
12-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
25-10
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
11 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, Buggenhout · 1 establishment unit since 2009
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.
Mandekensstraat 1719255 BuggenhoutGround area
386 m²
Building footprint
116 m²
Volume, LiDAR
583 m³
Parcel 42004E0869/00C002, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
George Construct
since 20092.179.408.371
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42004E0869/00C002 | Flanders | 386 m² | 1 · 116 m² | 9.4 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
MAC CONCEPT - Real Estate - Investment
BE 0446.889.391
Amay · Eq €9k
Lastec
BE 1021.126.621
Gent · Eq €9k
Polservices
BE 0879.501.671
Anderlecht · Eq €9k
GM.P ENTREPRISE
BE 0768.397.376
Hélécine · Eq €9k
DENCOR
BE 0743.539.939
Wemmel · Eq €9k
Of 4,097 companies in sector 43240 we hold annual accounts for 1,631. 859 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-06-2009
Fiscal year end30-04
Activities, NACEBEL
43240Other construction installation
43299Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.