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4 GLM CONSTRUCT

Active
Private limited companyfounded 2024active for 2 yearsVerdunstraat 540, 1130 Brussel, BelgiumKBO/BCE: BE 1015.287.023
Summary

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

Activity
General construction of residential buildings
NACE 41001Other specialised construction activities NACE 43990
1 site
Size
€257,543turnover 2025
Staff
0.3 FTE
Equity
€66,275
Profit
€51,275
Financial health
69 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.1%
Structure
Accounts 9 days early
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

Score 2025
69 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 85% of its sector peers (NACE 41, micro)
Financial strength
Strong
Solvency 93
equity 67.7% of total assets
Liquidity 86
short-term debt 32.3% · cash 43.1%
Profitability 100
return on assets 52.4%
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.5% (13,427 companies, NACE 41, micro)
Last 24 months 11-2025: 3.7% 12-2025: 3.7%● unchanged vs 11-2025 01-2026: 3.9%▲ +0.2 percentage points vs 12-2025 02-2026: 4.2%▲ +0.3 percentage points vs 01-2026 03-2026: 4.4%▲ +0.2 percentage points vs 02-2026 04-2026: 4.7%▲ +0.3 percentage points vs 03-2026 05-2026: 5.2%▲ +0.5 percentage points vs 04-2026highest value 06-2026: 5.2%● unchanged vs 05-2026highest value 07-2026: 5.0%▼ -0.2 percentage points vs 06-2026 08-2026: 1.0%▼ -4.0 percentage points vs 07-2026lowest value 09-2026: 1.0%● unchanged vs 08-2026 10-2026: 1.1%▲ +0.1 percentage points vs 09-2026
Credit of up to €4,500 on 30-day terms is acceptable
Liquidity ample (current ratio 2.3, above the usual 1.5; short-term debt: 32.3% and cash: 43.1% of total assets), and 32.3% of the assets are financed with debt and provisions.
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

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 2.30, cash €42,214
NBB · annual accounts
raises risk · Founded in 2024
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Size: turnover €257,543, total assets €97,840
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
9 days early
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2024.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. IncorporationAppointments: MAVRAJ Granit (director) and…

Financials · financial year 2025, abbreviated format

Turnover
€257,543
EBIT margin
26.8%
Net result
€51,275
Working capital
€40,938
Balance-sheet composition
Assets €97,840
Fixed assets €25,337
Current assets €72,503
Equity and liabilities €97,840
Equity €66,275
Debt €31,565
Debt finances 32.3% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€74,442
Cash flow
€56,701
Current ratio
2.30
Debt to equity
0.48
ROE
77.4%
ROA
52.4%
Interest coverage
over 100
Debt ≤ 1 year
€31,565
Income taxes
€17,634
Staff costs
€15,010

Peer companies

Historical observation

Of 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
1.8% went bankrupt
2.3% stopped otherwise
95.8% still going

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%.

The companies in ten equal groups, from lowest to highest expected share.
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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 39 lines
Balance sheet Code2025
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
Income statement Code2025
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
Appropriation of the result
Profit (loss) to be appropriated9906€51,275

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
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
Line2025
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
Line2025
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.

Download as CSV

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

Of the 29,210 active companies whose main activity is general construction of residential buildings (NACE 41001), figures are known for 16,157. 13,336 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
2 directors, no change since 2024
MAVRAJ Gani
Director (not named in the articles) · since 22-10-2024
Current
MAVRAJ Granit
Director (not named in the articles) · since 22-10-2024
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

2 people since 2024, 2 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
MAVRAJ Gani
  • Director (not named in the articles), from 22-10-2024 to date
MAVRAJ Granit
  • Director (not named in the articles), from 22-10-2024 to date
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Shareholders according to the deeds
At incorporation act of 22-10-2024 ↗
  • 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.

Capital over the years
  1. 22-10-2024 Incorporation · €15,000 · 100 shares

Group and network

Connections & network

1 connected company
Depth

The connected companies are in the list below.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
LHG INVEST
via MAVRAJ Granit · Director (not named in the articles)
→

History

4 GLM CONSTRUCT was incorporated on 18 October 2024 as a private limited company by three natural persons, with a starting capital of €15,000.12 The board currently has 2 members; 2 of them have served since 2024.2 The company has filed annual accounts once, for financial year 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 22-10-2024
  3. 3National Bank, annual accounts 2025

Acts, filings and financial milestones

2026
22-07
NBB filing Annual accounts filed
financial year 2025 · abbreviated format
2024
22-10
Gazette deed Incorporation
Appointments: 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
Gazette deedNBB filing
1 of 1 deed read

Register details

Identification
Legal formPrivate limited company
Founded18-10-2024
Financial year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
43110Demolition
43350Other building finishing work
68201Renting and operating of own or leased residential real estate, excluding social housing
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID 0208:1015287023
Registered 05-11-2024

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

Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2024
registered office establishment The establishment unit on the map
Ground area
189 m²
Parcel 21821B0346/00Y002, Brussels. Linked by address, not a title deed.
1 establishment unit
Verdunstraat 540, 1130 Brussel
General construction of residential buildings
since 2024unit no. 2.372.961.775
1 parcel
Brussels 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
21821B0346/00Y002 Brussels 189 m² - -
How the parcels are linked
Good to know
The parcel matches the address exactly.

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)
  1. 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
  2. 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
  3. L'installation d'échafaudage, de nettoyage des façades, de travaux d'étanchéité et revêtements de constructions par asphaltage et bitumage
  4. 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
  5. La protection contre l'incendie en général
  6. Les travaux de pose, remplacement et réfection de tous types de toiture, plate ou à versants
  7. Les travaux d'électricité en général, l'installation, la rénovation, la réparation, la mise en conformité et le dépannage
  8. Le placement de tout système de sécurité, et notamment les systèmes d'alarme, anti-intrusion, caméras
  9. 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
  10. Le plafonnage et le placement de tout enduit, isolation thermique, isolation acoustique
  11. La pose de chape de tout type, carrelage
  12. 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
  13. 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
  14. 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
  15. 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
  16. 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
  17. L’entretien de parcs et jardins ainsi que la désinfection et la dératisation
  18. Le nettoyage de façades
  19. Effectuer toute opération immobilière comme marchand de biens, intermédiaire immobilier, promoteur, agent immobilier
  20. 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
  21. 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
  22. Se porter caution pour la bonne fin d'engagements pris par des tiers
  23. 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

The full purpose is in the deed

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)

deed of 22-10-2024

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)

deed of 22-10-2024

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)

deed of 22-10-2024

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)

deed of 22-10-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Libération des actions-appels de fonds, actions souscrites en espèces non entièrement libérées” (deed in French)
Other provision: “Pouvoir d'administration, ceux que la loi et les statuts réservent à l'assemblée générale” (deed in French)
Other provision: “Rémunération des administrateurs, portée aux frais généraux,indépendamment des frais éventuels de représentation,voyages et déplacements” (deed in French)
Other provision: “Gestion journalière, en tout temps par l'organe d'administration” (deed in French)
Other provision: “Contrôle de la société, un ou plusieurs commissaires” (deed in French)
Other provision: “Tenue et convocation de l'assemblée générale, toute personne peut renoncer à la convocation” (deed in French)
Other provision: “Séances-procès-verbaux, désigné par le président,peut ne pas être actionnaire” (deed in French)
Other provision: “Délibérations,vote et procuration, dispositions légales régissant les actions sans droit de vote” (deed in French)
Other provision: “Séance tenante par l'organe d'administration, prorogation” (deed in French)
Other provision: “Répartition-réserves, assemblée générale statuant sur proposition de l'organe d'administration” (deed in French)
Other provision: “Préservation du patrimoine:distributions aux actionnaires et jetons de présence, société peut demander remboursement de toute distribution…” (deed in French)
Liquidation distribution: “Proportion des actions, appels de fonds complémentaires ou distributions préalables” (deed in French)
Other provision: “Exécution des statuts, élection de domicile” (deed in French)
Other provision: “Tribunaux du siège, litiges affaires de la société et exécution des statuts” (deed in French)
Other provision: “Code des sociétés et des associations, droit commun” (deed in French)
2 more provisions in the deed, see the deed of 22-10-2024

deed of 22-10-2024