4 GLM CONSTRUCT
ActiveSummary
4 GLM CONSTRUCT has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €66,275 and a net result of €51,275. Its solvency ranks better than 79% of 2,752 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Overview
- Staff
- 0.3 FTE
- Equity
- €66,275
- Profit
- €51,275
Why 69raises riskFounded in 2024Size: turnover €257,543, total assets €97,840Sector: Construction of residential and non-residential buildings (NACE 41)lowers riskLiquidity: current ratio 2.30, cash €42,214Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 41, micro): better than 77% on solvency, 88% on liquidity and 91% on profitability.
The bankruptcy probability was computed on 21-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · abbreviated…
- IncorporationAppointments: MAVRAJ Granit (director) and…
Financials · financial year 2025, abbreviated format
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2025 |
|---|---|
| Turnover70 | €257,543 |
| Goods, raw materials, services and sundry goods60/61 | €167,430 |
| Remuneration, social security and pensions62 | €15,010 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,426 |
| Other operating charges640/8 | €785 |
| Gross operating margin9900 | €90,237 |
| Operating profit (loss)9901 | €69,016 |
| Financial charges65/66B | €107 |
| Recurring financial charges65 | €107 |
| Profit (loss) for the period before taxes9903 | €68,909 |
| Income taxes67/77 | €17,634 |
| Profit (loss) for the period9904 | €51,275 |
| Profit (loss) for the period to be appropriated9905 | €51,275 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €97,840 | |
| Fixed assets21/28 | €25,337 | |
| Tangible fixed assets22/27 | €25,337 | |
| Furniture and vehicles24 | €25,337 | |
| Current assets29/58 | €72,503 | |
| Amounts receivable within one year40/41 | €28,833 | |
| Trade receivables40 | €17,511 | |
| Other amounts receivable41 | €11,322 | |
| Cash at bank and in hand54/58 | €42,214 | |
| Deferred charges and accrued income490/1 | €1,456 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €97,840 | |
| Equity10/15 | €66,275 | |
| Contributions10/11 | €15,000 | |
| Capital10 | €15,000 | |
| Issued capital100 | €15,000 | |
| Profit (loss) carried forward14 | €51,275 | |
| Amounts payable17/49 | €31,565 | |
| Amounts payable within one year42/48 | €31,565 | |
| Current portion of amounts payable after more than one year42 | €10,000 | |
| Trade debts44 | €5,123 | |
| Suppliers440/4 | €5,123 | |
| Advances received on contracts in progress46 | €930 | |
| Taxes, remuneration and social security45 | €15,511 | |
| Taxes450/3 | €10,442 | |
| Remuneration and social security454/9 | €5,069 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €51,275 |
| + Depreciation and write-downs630 | €5,426 |
| Operating cash flow (approximation) | €56,701 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 22-07-2026 | 2026-00317876 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| MAVRAJ Gani |
|
| MAVRAJ Granit |
|
Owners and capital
Capital and shareholders
- MAVRAJ Granit 50 shares (50%) · €7,500
- MAVRAJ Gani 45 shares (45%) · €6,750
- OSMANAJ Elizabeta 5 shares (5%) · €750
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 22-10-2024 Incorporation · €15,000 · 100 shares
Group and network
Connections & network
1 connected companyThe connected companies are in the list below.
History
Acts, filings and financial milestones
22-10
Gazette deed
IncorporationAppointments: MAVRAJ Granit (director) and MAVRAJ Gani (director) · Capital · Registered office clause25 facts ▸
- Capital
- Registered office clause, “1130 Bruxelles (Haeren), rue Verdun 540” (deed in French)
- Board rule, 2
- Director appointment, MAVRAJ Granit (director (not named in the articles))
- Director appointment, MAVRAJ Gani (director (not named in the articles))
- Pre-incorporation commitments, “takeover, engagements,obligations et activités entrepris au nom et pour compte de la société en formation” (deed in French)
- Other provision, “frais de constitution”, 1114.44 (deed in French)
- Other provision, “autorisations préalables d'exercice, autorisations ou licences préalables ou conditions d'accès à la profession” (deed in French)
- Other provision, “étude du notaire instrumentant, conservation de l'original” (deed in French)
- Other provision, “coffre-fort numérique IZIMI, www.izimi.be” (deed in French)
- Other provision, “droit d'écriture”, 100 (deed in French)
- Other provision, “Etterbeek,en l'Etude, passation de l'acte” (deed in French)
- +13 further facts in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 22 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1015.287.023
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21821B0346/00Y002 | Brussels | 189 m² | - | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L'étude et la réalisation de tous travaux de construction, publics et privés, en qualité d'entrepreneur général ou en sous-traitance, la…” (deed in French)
23 activities (deed in French)
- L'étude et la réalisation de tous travaux de construction, publics et privés, en qualité d'entrepreneur général ou en sous-traitance, la conception et la construction de tous bâtiments et édifices, l'étude et la réalisation de décorations tant intérieures qu'extérieures
- Toutes opérations se rapportant directement ou indirectement à l'entretien, la rénovation, les travaux de réparations, d'embellissements, de renouvellement et de modernisation, et la maintenance de tous les types d'ouvrages d'art, de biens immeubles, et plus généralement toutes opérations se rapportant directement ou indirectement aux secteurs des travaux publics et privés et du bâtiment
- L'installation d'échafaudage, de nettoyage des façades, de travaux d'étanchéité et revêtements de constructions par asphaltage et bitumage
- La menuiserie en générale et notamment la fabrication, l'installation, la rénovation, la réparation, la mise en conformité et le dépannage de porte de tout type, d'escalier, de parquet, de plancher, de placards, cloison, lambris, faux plafonds, pergolas, vérandas, terrasse de tout type, de charpente de tout type, en bois et métallique, de volet intérieur et extérieur de tout type
- La protection contre l'incendie en général
- Les travaux de pose, remplacement et réfection de tous types de toiture, plate ou à versants
- Les travaux d'électricité en général, l'installation, la rénovation, la réparation, la mise en conformité et le dépannage
- Le placement de tout système de sécurité, et notamment les systèmes d'alarme, anti-intrusion, caméras
- La plomberie, sanitaire et le chauffage central, ainsi que l'installation, la rénovation, la réparation, la mise en conformité et le dépannage, ainsi que le placement de toutes cuisines équipées ou non
- Le plafonnage et le placement de tout enduit, isolation thermique, isolation acoustique
- La pose de chape de tout type, carrelage
- L'activité d'entreprise de travaux de démolition, de terrassements, d'égouttage, creusement, comblement, ouverture de tranchées et préparation des sites, asphaltage, bitumage, pavage, pose de bordures
- L'achat, la vente, la location, l'importation, l'exportation de tous matériaux, marchandises, appareils et outillages nécessaires aux travaux de construction, d'entretien, de maintenance, de réparation et de renouvellement des ouvrages d'art et bâtiments
- La préparation, la rédaction et la conclusion en tant que mandataire ou pour compte propre, de tous marchés de travaux publics ou privés ou de fourniture et faire toutes opérations se rattachant à ces objets
- La prestation de conseils et d'assistance tant au point de vue technique qu'administratif et commercial à toutes sociétés et entreprises, pour tout ce qui concerne le secteur des biens immobiliers
- Le nettoyage, l’entretien et la désinfection de meubles, objets divers ainsi que de tous locaux commerciaux et industriels, de bureaux, d’habitations ainsi que le nettoyage de vitres
- L’entretien de parcs et jardins ainsi que la désinfection et la dératisation
- Le nettoyage de façades
- Effectuer toute opération immobilière comme marchand de biens, intermédiaire immobilier, promoteur, agent immobilier
- Acheter des terrains en vue de la construction d'habitations, et les mettre en location ou les vendre; construire des bâtiments sur terrains appartenant à autrui; rénover des bâtiments en vue de les mettre en vente ou en location
- Effectuer pour son propre compte, la constitution et la gestion d'un propre patrimoine mobilier ou immobilier notamment l'acquisition par l'achat ou autrement, la vente, l'échange la construction, la transformation, l'amélioration l'équipement, l'aménagement, l'embellissement, l'entretien, la location, le leasing, le syndic d'immeuble, la prise en location, le lotissement, la prospection et l'exploitation de biens meubles et immeubles ainsi que toutes opérations qui directement ou indirectement sont en relation avec cet objet et qui sont de nature à favoriser l'accroissement et le rapport d'un patrimoine mobilier ou immobilier
- Se porter caution pour la bonne fin d'engagements pris par des tiers
- Transformer et louer des immeubles à usage résidentiel commercial ou industriel, en assumer la gestion au sens le plus large, améliorer et mettre en valeur son patrimoine immobilier; accomplir tous actes d'administration, de gestion, conclure des baux, effectuer tous placements, administrer et gérer son portefeuille; accomplir toutes opérations industrielles, financières, commerciales ou civiles, immobilières ou non ayant un rapport direct ou indirect avec son objet et s'intéresser dans toutes sociétés ou entreprises dont les activités seraient de nature à favoriser la réalisation de son objet social
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- 4 GLM CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, établir ou supprimer des sièges d’exploitation par simple décision de l’organe d’administration pour autant…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Organe d'administration, avec ou sans limitation de durée” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives avec mentions Code des sociétés et des associations” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Mêmes formalités si non de plein droit actionnaires, libre cession de tout ou partie” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Apport en numéraire avec émission d'actions nouvelles, organe qui procède à l'émission” (deed in French)
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues pour les modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Pouvoirs et émoluments, assemblée générale” (deed in French)