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G.A.C.N.

Active
Public limited companyfounded 200323 years activeNinoofse Steenweg 534, 1070 Anderlecht, BelgiumKBO/BCE: BE 0480.156.136
Summary

G.A.C.N. has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €625,837 and a net result of -€232,966. Equity is shrinking by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 74% of 5,686 sector peers (NACE 68, fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Overview

Activity
Development of residential building projects
NACE 68121
Size
€74,388turnover 2025
Equity
€625,837
Loss
-€232,966
Net result -77%: other schema
Financial health
70 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.6%
Structure
Parent
BVBA ROYAL INVESTMENTS · 100%
Accounts 21 days early0 of 11 deeds read
Why 70- Loss of €232,966, the second in a row (FY 2025)- No establishment unit in the KBO- Liquidity: current ratio 0.02, cash €5,010+ Size: turnover €74,388, total assets €889,124Show the evidence

Checked score

Score 2025
70 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 43% of its sector peers (NACE 68, micro)
Financial strength · tick = 2024
Weak
Solvency 95-5
equity 70.4% of total assets
Liquidity 39-11
short-term debt 29.0% · cash 0.6%
Profitability 0=
return on assets -26.2%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,549 companies)
Last 24 months 11-2024: 0.4%lowest value 12-2024: 0.4%● unchanged vs 11-2024lowest value 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.5%▲ +0.1 percentage points vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.7%▲ +0.2 percentage points vs 06-2025 08-2025: 1.1%▲ +0.4 percentage points vs 07-2025 09-2025: 1.1%● unchanged vs 08-2025 10-2025: 1.1%● unchanged vs 09-2025 11-2025: 1.1%● unchanged vs 10-2025 12-2025: 1.1%● unchanged vs 11-2025 01-2026: 1.1%● unchanged vs 12-2025 02-2026: 1.1%● unchanged vs 01-2026 03-2026: 1.1%● unchanged vs 02-2026 04-2026: 1.2%▲ +0.1 percentage points vs 03-2026highest value 05-2026: 1.2%● unchanged vs 04-2026 06-2026: 1.1%▼ -0.1 percentage points vs 05-2026 07-2026: 1.2%▲ +0.1 percentage points vs 06-2026 08-2026: 0.6%▼ -0.6 percentage points vs 07-2026 09-2026: 0.6%● unchanged vs 08-2026 10-2026: 0.6%● unchanged vs 09-2026
Credit up to €7,000 at 30 days acceptable
Liquidity short (current ratio 0.02 against 0.07 in 2024; short-term debt: 29% and cash: 0.6% of total assets), and 29.6% of the assets are financed with debt.
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 68, micro): better than 78% on solvency, 31% on liquidity, 4% on profitability and 57% on growth.

The bankruptcy probability was computed on 08-10-2026 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

Six signals.
−lowers risk+raises risk○neutral
raises risk · Loss of €232,966, the second in a row (FY 2025)
NBB · annual accounts
lowers risk · Size: turnover €74,388, total assets €889,124
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · No establishment unit in the KBO
KBO · seat and establishments
raises risk · Liquidity: current ratio 0.02, cash €5,010
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€232,966
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
21 days early
2024
21 days early
2023
2 days early
2022
15 days early
2021
12 days early
2020
16 days early
2019
48 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 6 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 16 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
08-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Weakest financial yearnet -€232,966
  3. Annual accounts filedfiscal year 2024 · abbreviated…

Key points

  • Positive: Turnover rose in 2025from €17,344 to €74,388 ▲ 329% View
  • Caution: Among the weakest 11% on net resultsector median €21,329 · 5,692 companies -€232,966 View
  • Controlled by BVBA ROYAL INVESTMENTSknown shareholders 100% 100% View
  • Caution: 2 loss-making years in a rowloss fiscal year 2025 -€232,966 View
  • Positive: Always filed on timeaccounts within the deadline every year 6 years View

By topic

Financials

Fiscal year
2025
Turnover
€74,388
Loss
-€232,966
Solvency
70.4%
Turnover▲ 329%
Net result
20232025
Go to Financials

Timeline

Events
14
Since
2017
Next accounts
by 31-07-2027
  1. 29-07-2024Annual accounts filed
  2. 31-12-2023Back to profit
  3. 31-12-2023Liquidity quadruples
Go to Timeline

Company details

Legal form
Public limited company
Activity
Development of residential building projectsNACE 68121
Founded
06-05-2003
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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