GSD Group
ActiveSummary
The computed 12-month bankruptcy probability of GSD Group is 3.3% (moderate). The 2025 annual accounts show negative equity (-€9,332) and a net result of -€11,545. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 10% of 525 sector peers (NACE 42, financial year 2025). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
Source: KBO- Status
- Active since 04-04-2017 Normal situation
- Activity
- Civil engineering NACE 42212and 2 others
- Establishment unit
- 2.274.781.048 2000 Antwerpen, since 13-04-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 23-01-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 3.3%
- Gross margin
- -€5,640
- ▼ 78.6%
- Loss
- €11,545
- ▲ 225%
- Equity
- -€9,332
- Total assets
- €516,663
- ▲ 10.0%
- Negative equity on 31-12-2025
- 2025 accounts filed 61 days after the deadline
Score breakdownraises riskLast filed accounts filed 61 days late; 2 of the last 3 accounts lateLiquidity: current ratio 0.20, cash €638Negative equity -€9,332lowers riskSize: total assets €516,663Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 42, micro). It does better than 8% of them on solvency, 1% on liquidity, 14% on profitability and 0% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 7 accounts on average 280 days after the deadline. In the sector (NACE 42), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.
Searched, nothing found (2)
Key points
Recent changes
- · Gazette deed Company renamed from GSD CONSTRUCT to GSD GroupReappointment: SARI Dengiz (director)
- · Gazette deed Incorporation
Comparable companies
These companies have the same main activity as GSD Group: civil engineering (NACE 42212). They are comparable in size and age: total assets between €73,500 and €3.2m, founded between 2009 and 2021.
| Company | Total assets | Gross margin |
|---|---|---|
| GSD Group Antwerpen | €0.5m | -€0.006m |
| POLAT EXPRESS Evere | €0.2m | -€421 |
| TUBELINER Oudenaarde | €0.07m | -€0.004m |
| Rioolteam T&G Beerse | €0.1m | €0.005m |
| Ivens Civil Contracting Antwerpen | €3.2m | -€0.2m |
| MB RIOLERINGEN Retie | €0.3m | €0.02m |
| A&M PLAFONNAGE Etterbeek | €0.2m | €0.01m |
Key facts about GSD Group
- What is the company number of GSD Group?
- The company number of GSD Group is 0673.855.238. The VAT number is the same number with BE in front: BE 0673.855.238.
- Where is GSD Group based?
- The registered office is at Augustijnenstraat 20, 2000 Antwerpen.Company details
- What does GSD Group do?
- According to the KBO register, the main activity is civil engineering (NACE 42212).
- What is the legal form of GSD Group?
- The legal form of GSD Group is Private limited company (BV).
- When was GSD Group founded?
- GSD Group was founded on 04-04-2017.
- Is GSD Group still active?
- Yes, GSD Group is an active enterprise in the KBO register.
- What is the turnover of GSD Group?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.Financials
- Is GSD Group profitable?
- In financial year 2025, GSD Group made a loss of €11,545.
- Where can I find the annual accounts of GSD Group?
- GSD Group filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GSD Group due?
- GSD Group must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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