GG-CONSTRUCT
ActiveGG-CONSTRUCT has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €527k and a net result of €13k. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 64% of 1027 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
86
/ 100
Excellent▼ -12 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability12▼-88
Solvency97▲+9
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 1.98 against 1.62 in 2024), and 42.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 25
Relative position
BE, all sectors
reference
Sector 25
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
57.7%
Return on assets
1.4%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 02-10-2025, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
27 d early
2023
28 d early
2022
31 d early
2021
23 d early
2020
29 d early
2019
17 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close15-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€527k▲ 2.5%
2024 · €514k
2019: €318k
2020: €362k
2021: €421k
2022: €483k
2023: €533k
2024: €514k
2019 → 2025
Total assets
€914k▼ 5.9%
2024 · €972k
2019: €691k
2020: €649k
2021: €694k
2022: €865k
2023: €814k
2024: €972k
2019 → 2025
Net result
€13k▼ 88.0%
2024 · €108k
2019: €83k
2020: €45k
2021: €59k
2022: €62k
2023: €50k
2024: €108k
2019 → 2025
Working capital
€285k▲ 29.4%
2024 · €220k
2019: €152k
2020: €214k
2021: €251k
2022: €289k
2023: €334k
2024: €220k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€421k-€483k▲ 14.7%€533k▲ 10.3%€514k▼ 3.5%€527k▲ 2.5%
Operating result€84k-€91k▲ 8.8%€76k▼ 16.7%€163k▲ 114%€41k▼ 75.0%
Net result€59k-€62k▲ 4.5%€50k▼ 19.5%€108k▲ 117%€13k▼ 88.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 75% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €914k
Fixed assets
€338k▼ 14.3%
Current assets
€576k▼ 0.1%
Equity and liabilities €914k
Equity
€527k▲ 2.5%
Debt
€387k▼ 15.3%
The debt ratio falls from 47.1% to 42.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€109k▼
2024 · €211k
Cash flow
€81k▼
2024 · €157k
Solvency
57.7%▲
2024 · 52.9%
Current ratio
1.98▲
2024 · 1.62
Quick ratio
1.57▲
2024 · 1.31
Debt / equity
0.73▼
2024 · 0.89
ROE
2.5%▼
2024 · 21.0%
ROA
1.4%▼
2024 · 11.1%
Interest coverage
4.76▼
2024 · 15.75
Debt
€387k▼
2024 · €457k
Debt ≤ 1 year
€291k▼
2024 · €357k
Debt > 1 year
€96k▼
2024 · €101k
Income taxes
€6k▼
2024 · €42k
Staff costs
€149k▲
2024 · €135k
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€972k€914k▼
Fixed assets21/28€395k€338k▼
Tangible fixed assets22/27€395k€338k▼
Land and buildings22€166k€154k▼
Plant, machinery and equipment23€160k€136k▼
Furniture and vehicles24€49k€36k▼
Leasing and similar rights25€19k€13k▼
Financial fixed assets28€475-
Current assets29/58€577k€576k▼
Stocks and contracts in progress3€108k€118k▲
Stocks30/36€103k€107k▲
Contracts in progress37€6k€12k▲
Amounts receivable within one year40/41€136k€115k▼
Trade receivables40€129k€105k▼
Other amounts receivable41€7k€10k▲
Current investments50/53-€60k
Cash at bank and in hand54/58€332k€283k▼
Deferred charges and accrued income490/1-€410
Equity and liabilities
Total equity and liabilities10/49€972k€914k▼
Equity10/15€514k€527k▲
Contributions10/11€6k€6k=
Reserves13€507k€519k▲
Tax-exempt reserves132€96€96=
Distributable reserves133€507k€519k▲
Profit (loss) carried forward14€1k€2k▲
Amounts payable17/49€457k€387k▼
Amounts payable after more than one year17€101k€96k▼
Financial debts170/4€101k€96k▼
Amounts payable within one year42/48€357k€291k▼
Current portion of amounts payable after more than one year42€37k€43k▲
Trade debts44€97k€37k▼
Suppliers440/4€97k€37k▼
Taxes, remuneration and social security45€41k€22k▼
Taxes450/3€27k€12k▼
Remuneration and social security454/9€14k€10k▼
Other amounts payable47/48€182k€190k▲
Income statement
Code20242025
Non-recurring operating income76A€28k-
Remuneration, social security and pensions62€135k€149k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€68k▲
Other operating charges640/8€5k€5k▼
Gross operating margin9900€352k€263k▼
Operating profit (loss)9901€163k€41k▼
Financial income75/76B€389€685▲
Recurring financial income75€389€685▲
Financial charges65/66B€13k€23k▲
Recurring financial charges65€13k€23k▲
Profit (loss) for the period before taxes9903€150k€18k▼
Income taxes67/77€42k€6k▼
Profit (loss) for the period9904€108k€13k▼
Profit (loss) for the period to be appropriated9905€108k€13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€109k€14k▼
Profit (loss) brought forward from the previous period14P€843€1k▲
Transfer from equity791/2€37k-
Transfer to equity691/2€108k€12k▼
To other reserves6921€108k€12k▼
Profit to be distributed694/7€37k-
Return on contributions (dividend)694€37k-
Social balance
Average headcount (FTE)90872.02.1▲
The notes to these accounts (13 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
02-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Weakest financial yearnet €13k ▼88%
Net result drops to €13k, the lowest in the series.
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Highest result since 2019net €108k ▲117%
Operating result €163k, net result €108k, both a record.
2023
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Equity above €500kEq €533k ▲10.3%
5 profitable years in a row build equity to €533k.
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
08-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
14-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
10-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
10-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Roeselare · 1 establishment unit since 2000
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.
Koestraat 1328800 RoeselareGround area
6,502 m²
Building footprint
183 m²
Volume, LiDAR
780 m³
2 parcels, Flanders · tallest building 6.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
G.G.-CONSTRUCT
since 20002.100.767.107
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36017A0970/00C000 | Flanders | 4,807 m² | - | - |
| 36302B0827/00P000 | Flanders | 1,695 m² | 1 · 183 m² | 6.1 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
4 categoriesGG-CONSTRUCT BV29093
Dual-learning approval
1 endedSimilar companies · same sector, comparable size
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KOEN LIPPENS
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PentaS
BE 0446.291.258
Zelzate · Eq €526k
Dirk Van Keirsbilck
BE 0658.915.159
Zulte · Eq €526k
GEBR. BRUYNSEELS
BE 0425.611.056
Stabroek · Eq €525k
Of 3,964 companies in sector 25110 we hold annual accounts for 2,133. 1,533 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-04-2000
Fiscal year end31-03
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
25120Manufacture of fabricated metal products, except machinery and equipment
28110
28120
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.