GICON-CONSTRUCT
ActiveSummary
GICON-CONSTRUCT has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €122k and a net result of €3k. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 29% of 1909 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability59▲+13
Solvency50▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.76 against 0.75 in 2024; short-term debt: 49.4% and cash: 8.8% of total assets), and 74.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← 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
25.4%
Return on assets
0.6%
Age of the figures
12 mo
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 22-05-2026, 22 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 · 10 filingsDeviation from the deadline
2025
22 d late
2024
15 d late
2023
15 d late
2022
2 d late
2021
10 d late
2020
12 d late
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€122k▲ 1.8%
2024 · €120k
2018: €89klowest in 8 years
2019: €95k▲ +5.7% vs 2018
2020: €99k▲ +4.5% vs 2019
2021: €103k▲ +4.1% vs 2020
2022: €114k▲ +10.8% vs 2021
2023: €118k▲ +3.4% vs 2022
2024: €120k▲ +1.7% vs 2023
2025: €122k▲ +1.8% vs 2024highest in 8 years
2018 → 2025
Total assets
€481k▼ 4.6%
2024 · €505k
2018: €456klowest in 8 years
2019: €514k▲ +12.7% vs 2018highest in 8 years
2020: €505k▼ -1.7% vs 2019
2021: €488k▼ -3.4% vs 2020
2022: €507k▲ +3.8% vs 2021
2023: €480k▼ -5.2% vs 2022
2024: €505k▲ +5.1% vs 2023
2025: €481k▼ -4.6% vs 2024
2018 → 2025
Net result
€3k▲ 7.6%
2024 · €3k
2018: €6k
2019: €6k▲ +7.5% vs 2018
2020: €5k▼ -13.7% vs 2019
2021: €5k▼ -4.7% vs 2020
2022: €12k▲ +146% vs 2021highest in 8 years
2023: €5k▼ -61.2% vs 2022
2024: €3k▼ -40.6% vs 2023lowest in 8 years
2025: €3k▲ +7.6% vs 2024
2018 → 2025
Working capital
€-58k▲ 5.4%
2024 · €-61k
2018: €21khighest in 8 years
2019: €17k▼ -18.2% vs 2018
2020: €8k▼ -49.8% vs 2019
2021: €2k▼ -71.3% vs 2020
2022: €-787▼ -132% vs 2021
2023: €4k▲ +613% vs 2022
2024: €-61k▼ -1618% vs 2023lowest in 8 years
2025: €-58k▲ +5.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€103k-€114k▲ 10.8%€118k▲ 3.4%€120k▲ 1.7%€122k▲ 1.8%
2021: €103klowest in 5 years
2022: €114k▲ +10.8% vs 2021
2023: €118k▲ +3.4% vs 2022
2024: €120k▲ +1.7% vs 2023
2025: €122k▲ +1.8% vs 2024highest in 5 years
Operating result€15k-€23k▲ 58.8%€17k▼ 26.6%€19k▲ 13.8%€15k▼ 22.7%
2021: €15klowest in 5 years
2022: €23k▲ +58.8% vs 2021highest in 5 years
2023: €17k▼ -26.6% vs 2022
2024: €19k▲ +13.8% vs 2023
2025: €15k▼ -22.7% vs 2024
Net result€5k-€12k▲ 146%€5k▼ 61.2%€3k▼ 40.6%€3k▲ 7.6%
2021: €5k
2022: €12k▲ +146% vs 2021highest in 5 years
2023: €5k▼ -61.2% vs 2022
2024: €3k▼ -40.6% vs 2023lowest in 5 years
2025: €3k▲ +7.6% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 23% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €481k
Fixed assets
€302k ▼ 4.5%
Current assets
€180k ▼ 4.9%
Equity and liabilities €481k
Equity
€122k ▲ 1.8%
Debt
€359k ▼ 6.6%
Debt's share of the balance-sheet total falls from 76.2% to 74.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€52k▲
2024 · €49k
Cash flow
€40k▲
2024 · €32k
Current ratio
0.76▲
2024 · 0.75
Quick ratio
0.50▼
2024 · 0.51
Debt to equity
2.94▼
2024 · 3.21
ROE
2.4%▲
2024 · 2.3%
ROA
0.6%▲
2024 · 0.5%
Interest coverage
4.79▲
2024 · 3.13
Debt ≤ 1 year
€238k▼
2024 · €250k
Debt > 1 year
€122k▼
2024 · €135k
Income taxes
€1k▲
2024 · €1k
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 · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€505k€481k▼
Fixed assets21/28€316k€302k▼
Tangible fixed assets22/27€316k€302k▼
Land and buildings22€266k€251k▼
Plant, machinery and equipment23€19k€13k▼
Furniture and vehicles24€31k€38k▲
Current assets29/58€189k€180k▼
Stocks and contracts in progress3€61k€61k▼
Stocks30/36€30k€29k▼
Contracts in progress37€31k€32k▲
Amounts receivable within one year40/41€124k€76k▼
Trade receivables40€124k€76k▼
Other amounts receivable41€367-
Cash at bank and in hand54/58€2k€43k▲
Deferred charges and accrued income490/1€1k-
Equity and liabilities
Total equity and liabilities10/49€505k€481k▼
Equity10/15€120k€122k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€101k€103k▲
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133€99k€102k▲
Amounts payable17/49€385k€359k▼
Amounts payable after more than one year17€135k€122k▼
Financial debts170/4€135k€122k▼
Amounts payable within one year42/48€250k€238k▼
Current portion of amounts payable after more than one year42€39k€45k▲
Trade debts44€26k€720▼
Suppliers440/4€26k€720▼
Taxes, remuneration and social security45€52k€43k▼
Taxes450/3€11k€7k▼
Remuneration and social security454/9€41k€36k▼
Other amounts payable47/48€134k€149k▲
Income statement
Code20242025
Non-recurring operating income76A-€5k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€37k▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€52k€54k▲
Operating profit (loss)9901€19k€15k▼
Financial income75/76B€21€54▲
Recurring financial income75€21€54▲
Financial charges65/66B€16k€11k▼
Recurring financial charges65€16k€11k▼
Non-recurring financial charges66B-€165
Profit (loss) for the period before taxes9903€4k€4k▲
Income taxes67/77€1k€1k▲
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€3k€3k▲
Transfer to equity691/2€2k€2k▲
To other reserves6921€2k€2k▲
Profit to be distributed694/7€800€833▲
Return on contributions (dividend)694€800€833▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €2k | - | - | - | €5k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21k | €24k | €25k | €30k | €37k | ▲ 23.5% |
| Other operating charges640/8 | €3k | €3k | €4k | €3k | €3k | ▼ 16.2% |
| Gross operating margin9900 | €39k | €50k | €46k | €52k | €54k | ▲ 3.9% |
| Operating profit (loss)9901 | €15k | €23k | €17k | €19k | €15k | ▼ 22.7% |
| Financial income75/76B | - | - | - | €21 | €54 | ▲ 155% |
| Recurring financial income75 | - | - | - | €21 | €54 | ▲ 155% |
| Financial charges65/66B | €7k | €8k | €11k | €16k | €11k | ▼ 30.1% |
| Recurring financial charges65 | €7k | €8k | €11k | €16k | €11k | ▼ 31.2% |
| Non-recurring financial charges66B | - | - | - | - | €165 | - |
| Profit (loss) for the period before taxes9903 | €7k | €16k | €6k | €4k | €4k | ▲ 8.8% |
| Income taxes67/77 | €2k | €4k | €2k | €1k | €1k | ▲ 12.1% |
| Profit (loss) for the period9904 | €5k | €12k | €5k | €3k | €3k | ▲ 7.6% |
| Profit (loss) for the period to be appropriated9905 | €5k | €12k | €5k | €3k | €3k | ▲ 7.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €488k | €507k | €480k | €505k | €481k | ▼ 4.6% |
| Fixed assets21/28 | €311k | €313k | €314k | €316k | €302k | ▼ 4.5% |
| Tangible fixed assets22/27 | €311k | €313k | €314k | €316k | €302k | ▼ 4.5% |
| Land and buildings22 | €305k | €290k | €281k | €266k | €251k | ▼ 5.7% |
| Plant, machinery and equipment23 | €7k | €1k | €16k | €19k | €13k | ▼ 33.3% |
| Furniture and vehicles24 | - | €22k | €16k | €31k | €38k | ▲ 24.5% |
| Current assets29/58 | €176k | €193k | €167k | €189k | €180k | ▼ 4.9% |
| Stocks and contracts in progress3 | €18k | €16k | €43k | €61k | €61k | ▼ 0.1% |
| Stocks30/36 | €18k | €16k | €25k | €30k | €29k | ▼ 3.7% |
| Contracts in progress37 | - | - | €18k | €31k | €32k | ▲ 3.6% |
| Amounts receivable within one year40/41 | €133k | €169k | €104k | €124k | €76k | ▼ 38.8% |
| Trade receivables40 | €133k | €169k | €104k | €124k | €76k | ▼ 38.6% |
| Other amounts receivable41 | - | €249 | €438 | €367 | - | - |
| Cash at bank and in hand54/58 | €25k | €9k | €18k | €2k | €43k | ▲ 2,030% |
| Deferred charges and accrued income490/1 | - | - | €1k | €1k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €488k | €507k | €480k | €505k | €481k | ▼ 4.6% |
| Equity10/15 | €103k | €114k | €118k | €120k | €122k | ▲ 1.8% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | €19k | €19k | €19k | €19k | = |
| Issued capital100 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €84k | €96k | €99k | €101k | €103k | ▲ 2.1% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €82k | €94k | €97k | €99k | €102k | ▲ 2.1% |
| Amounts payable17/49 | €385k | €393k | €362k | €385k | €359k | ▼ 6.6% |
| Amounts payable after more than one year17 | €211k | €198k | €200k | €135k | €122k | ▼ 9.6% |
| Financial debts170/4 | €211k | €198k | €200k | €135k | €122k | ▼ 9.6% |
| Amounts payable within one year42/48 | €174k | €194k | €163k | €250k | €238k | ▼ 5.0% |
| Current portion of amounts payable after more than one year42 | €28k | €29k | €8k | €39k | €45k | ▲ 15.8% |
| Trade debts44 | €16k | €34k | €5k | €26k | €720 | ▼ 97.2% |
| Suppliers440/4 | €16k | €34k | €5k | €26k | €720 | ▼ 97.2% |
| Taxes, remuneration and social security45 | €46k | €47k | €35k | €52k | €43k | ▼ 17.2% |
| Taxes450/3 | €18k | €19k | €12k | €11k | €7k | ▼ 35.5% |
| Remuneration and social security454/9 | €28k | €28k | €23k | €41k | €36k | ▼ 12.2% |
| Other amounts payable47/48 | €84k | €85k | €114k | €134k | €149k | ▲ 11.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €12k | €5k | €3k | €3k | ▲ 7.6% |
| + Depreciation and write-downs630 | €21k | €24k | €25k | €30k | €37k | ▲ 23.5% |
| Operating cash flow (approximation) | €26k | €36k | €29k | €32k | €40k | ▲ 22.2% |
| Investment in fixed assets (approximation) | - | €-26k | €-25k | €-32k | €-23k | ▲ 29.3% |
| Change in cash | - | €-17k | €9k | €-16k | €41k | ▲ 357% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 22 days late
2025
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 15 days late
2024
30-09
Financial
Weakest financial yearnet €3k ▼40.6%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
15-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 15 days late
2023
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
30-09
Financial
Highest result since 2018net €12k ▲146%
Operating result €23k, net result €12k, both a record.
10-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
30-09
Financial
Equity above €100kEq €103k ▲4.1%
4 profitable years in a row build equity to €103k.
12-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-04
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.
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, Assenede · 1 establishment unit since 2008
Ground area
1,349 m²
Building footprint
272 m²
Volume, LiDAR
957 m³
Parcel 43003A0284/00H000, Flanders · tallest building 6.8 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BVBA GICON-CONSTRUCT
since 20082.173.819.389
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43003A0284/00H000 | Flanders | 1,349 m² | 1 · 272 m² | 6.8 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 557 EUR awarded · 525 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 288 EUR | 288 EUR |
| 2024 | 1 | 269 EUR | 237 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 3,463 companies in sector 25530 we hold annual accounts for 1,655. 1,287 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-09-2008
Fiscal year end30-09
Trade name NL
Scooterverhuur Fun on Wheels - Algemene Las- en Constructiewerken Emiel Van De Vyver
Activities, NACEBEL 2025
25530Machining of metals
25110Manufacture of metal structures and parts of structures
25120Manufacture of fabricated metal products, except machinery and equipment
Scores and ratios are computed by Checked and are not a credit decision.