GH CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of GH CONSTRUCT is 2.0% (moderate). The 2024 annual accounts show equity of €29k and a net result of €552. Equity is growing by ~16.9% per year across the filed fiscal years. Its solvency ranks better than 88% of 57 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability41▼-21
Solvency100▲+10
Growth35=
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 4.1 against 2.89 in 2023; short-term debt: 24.4% and cash: 11.1% of total assets), and 24.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 39
Relative position
BE, all sectors
reference
Sector 39
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
75.6%
Return on assets
1.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-09-2025, 39 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
39 d late
2023
50 d late
2022
55 d late
2021
115 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€67k▼ 29.5%
2023 · €95k
2022: €115k
2023: €95k
2022 → 2024
EBIT margin
3.1%▼ 4.2pp
2023 · 7.3%
2022: 10.0%
2023: 7.3%
2022 → 2024
Net result
€552▼ 87.0%
2023 · €4k
2021: €15k
2022: €9k
2023: €4k
2021 → 2024
Working capital
€29k▲ 2.0%
2023 · €28k
2021: €15k
2022: €24k
2023: €28k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Turnover€115k€95k▼ 16.9%€67k▼ 29.5%
Equity€15k-€24k▲ 59.1%€28k▲ 17.8%€29k▲ 2.0%
Operating result€19k-€11k▼ 39.0%€7k▼ 39.0%€2k▼ 69.9%
Net result€15k-€9k▼ 40.9%€4k▼ 52.1%€552▼ 87.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 70% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €38k
Equity
€29k ▲ 2.0%
Debt
€9k ▼ 37.9%
Debt's share of the balance-sheet total falls from 34.6% to 24.4%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
4.10▲
2023 · 2.89
Debt to equity
0.32▼
2023 · 0.53
ROE
1.9%▼
2023 · 15.1%
ROA
1.5%▼
2023 · 9.9%
Debt ≤ 1 year
€9k▼
2023 · €15k
Income taxes
€959▼
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 29 lines
Balance sheet
Code20232024
Assets
Total assets20/58€43k€38k▼
Current assets29/58€43k€38k▼
Amounts receivable within one year40/41€39k€34k▼
Trade receivables40€28k€26k▼
Other amounts receivable41€11k€8k▼
Cash at bank and in hand54/58€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€43k€38k▼
Equity10/15€28k€29k▲
Profit (loss) carried forward14€28k€29k▲
Amounts payable17/49€15k€9k▼
Amounts payable within one year42/48€15k€9k▼
Trade debts44€12k€7k▼
Suppliers440/4€1k€68▼
Bills of exchange payable441€11k€7k▼
Taxes, remuneration and social security45€3k€3k▼
Taxes450/3€3k€3k▼
Income statement
Code20232024
Turnover70€95k€67k▼
Goods, raw materials, services and sundry goods60/61€88k€64k▼
Other operating charges640/8€975€1k▲
Gross operating margin9900€8k€4k▼
Operating profit (loss)9901€7k€2k▼
Financial charges65/66B€824€591▼
Recurring financial charges65€824€591▼
Profit (loss) for the period before taxes9903€6k€2k▼
Income taxes67/77€2k€959▼
Profit (loss) for the period9904€4k€552▼
Profit (loss) for the period to be appropriated9905€4k€552▼
Appropriation of the result
Profit (loss) to be appropriated9906€28k€29k▲
Profit (loss) brought forward from the previous period14P€24k€28k▲
Timeline · acts, filings and financial milestones
2025
08-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 39 days late
2024
31-12
Financial
Weakest financial yearnet €552 ▼87%
Net result drops to €552, the lowest in the series.
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 50 days late
2023
24-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 55 days late
2022
23-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 115 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Vilvoorde · 1 establishment unit since 2021
Ground area
234 m²
Building footprint
87 m²
Volume, LiDAR
824 m³
Parcel 23088A0178/00R003, Flanders · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GH CONSTRUCT
since 20212.319.238.029
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23088A0178/00R003 | Flanders | 234 m² | 1 · 87 m² | 12.1 m · 3 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
BAMBOU SOLUTIONS
BE 0782.293.815
Ath · Eq €28k
Axary Consulting
BE 1003.960.094
Lievegem · Eq €26k
TIM DE BELDER
BE 0508.517.253
Heist-op-den-Berg · Eq €33k
SCHEIRLINCKX AXANA BV
BE 0798.533.692
Herzele · Eq €22k
EAU DE VIE
BE 0736.995.904
Court-Saint-Etienne · Eq €37k
Of 252 companies in sector 39000 we hold annual accounts for 133. 69 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
39000Remediation activities and other waste management service activities
43120Site preparation
81220Other building cleaning and industrial cleaning
81230Other cleaning activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:[email protected]
Phone:0488616102