G & C Construct
ActiveSummary
The computed 12-month bankruptcy probability of G & C Construct is 2.1% (moderate). The 2024 annual accounts show equity of €130,297 and a net result of €3,410. Equity is shrinking by about 3.3% per year across the filed financial years. Its solvency ranks better than 60% of 701 sector peers (NACE 16, financial year 2024). The company has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 2 FTE
- Equity
- €130,297
- Profit
- €3,410
- Geert Van De SijpeDirector
Why 53raises riskFigures for financial year 2024 (filed 14-10-2025)1 financial year not filed after the legal deadline; last filed accounts filed 75 days late; 1 of the last 3 lateLiquidity: current ratio 3.05, cash €1,727lowers riskFounded in 2007Show the evidence
Checked score
About 2 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 16, micro): better than 59% on solvency, 29% on liquidity, 46% on profitability and 45% on growth.
The bankruptcy probability was computed on 27-10-2026 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
This company filed its last 6 accounts on average 18 days after the deadline; the sector median (NACE 16) for financial year 2024 is 3 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
- Resignation: Geert Van De Sijpe (manager)Appointment: Geert Van De Sijpe…
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 28 October 2026.
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result falls in 2024; 2024 is 51% below 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 16, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 10,904 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.1% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
For this company itself Checked computes a higher bankruptcy probability: 2.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 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% | 0.9% |
| 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 10,904 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €30,084 | €303 | €0 | €404 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,798 | €9,741 | €5,683 | €9,273 | €19,040 | €25,380 | €25,258 | ▼ 0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €4,292 | €0 | - | - |
| Other operating charges640/8 | - | - | - | €3,776 | €8,837 | €2,213 | €2,837 | ▲ 28.2% |
| Non-recurring operating charges66A | - | - | - | €325 | €178 | €190 | €0 | ▼ 100% |
| Gross operating margin9900 | €72,961 | €76,326 | €55,732 | €68,336 | €37,712 | €46,947 | €37,889 | ▼ 19.3% |
| Operating profit (loss)9901 | €42,217 | €7,665 | €8,228 | €24,879 | €5,062 | €19,164 | €9,390 | ▼ 51.0% |
| Financial income75/76B | - | - | - | €1 | €2 | €1 | €1 | ▲ 25.5% |
| Recurring financial income75 | €0 | €1 | €0 | €1 | €2 | €1 | €1 | ▲ 25.5% |
| Financial charges65/66B | - | - | - | €1,335 | €1,913 | €1,441 | €2,832 | ▲ 96.5% |
| Recurring financial charges65 | €933 | €1,064 | €3,784 | €1,335 | €1,913 | €1,441 | €2,832 | ▲ 96.5% |
| Profit (loss) for the period before taxes9903 | €41,285 | €6,602 | €4,444 | €23,544 | €3,151 | €17,724 | €6,559 | ▼ 63.0% |
| Income taxes67/77 | €11,737 | €3,200 | €2,666 | €8,581 | €3,997 | €8,065 | €3,149 | ▼ 61.0% |
| Profit (loss) for the period9904 | €29,915 | €3,695 | €1,778 | €14,963 | -€845 | €9,659 | €3,410 | ▼ 64.7% |
| Profit (loss) for the period to be appropriated9905 | €30,788 | €4,394 | €1,778 | €14,963 | -€845 | €9,659 | €3,410 | ▼ 64.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €203,581 | €244,690 | €191,416 | €208,743 | €248,576 | €248,615 | €248,099 | ▼ 0.2% |
| Fixed assets21/28 | €20,899 | €11,158 | €6,350 | €16,347 | €82,922 | €57,541 | €32,284 | ▼ 43.9% |
| Tangible fixed assets22/27 | €20,769 | €11,028 | €6,220 | €16,217 | €82,792 | €57,411 | €32,154 | ▼ 44.0% |
| Plant, machinery and equipment23 | - | - | - | €15,803 | €11,949 | €8,095 | €4,241 | ▼ 47.6% |
| Furniture and vehicles24 | - | - | - | €414 | €70,843 | €49,316 | €27,913 | ▼ 43.4% |
| Financial fixed assets28 | €130 | €130 | €130 | €130 | €130 | €130 | €130 | = |
| Current assets29/58 | €182,681 | €233,532 | €185,066 | €192,396 | €165,655 | €191,074 | €215,815 | ▲ 12.9% |
| Amounts receivable after more than one year29 | - | - | - | €30,000 | - | - | - | - |
| Other amounts receivable291 | - | - | - | €30,000 | - | - | - | - |
| Amounts receivable within one year40/41 | €144,120 | €199,123 | €151,152 | €153,435 | €159,102 | €189,656 | €213,004 | ▲ 12.3% |
| Trade receivables40 | - | - | - | €1,044 | €2,420 | €296 | €1,421 | ▲ 379% |
| Other amounts receivable41 | - | - | - | €152,391 | €156,682 | €189,360 | €211,583 | ▲ 11.7% |
| Cash at bank and in hand54/58 | €6,000 | €1,845 | €2,722 | €8,004 | €5,072 | €0 | €1,727 | - |
| Deferred charges and accrued income490/1 | - | - | - | €956 | €1,481 | €1,417 | €1,083 | ▼ 23.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €203,581 | €244,690 | €191,416 | €208,743 | €248,576 | €248,615 | €248,099 | ▼ 0.2% |
| Equity10/15 | €150,112 | €153,808 | €155,586 | €153,694 | €129,737 | €126,887 | €130,297 | ▲ 2.7% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €143,912 | €147,608 | €149,386 | €147,494 | €123,537 | €120,687 | €124,097 | ▲ 2.8% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €145,634 | €121,677 | €118,827 | €122,237 | ▲ 2.9% |
| Profit (loss) carried forward14 | - | - | - | - | - | €0 | €0 | - |
| Provisions and deferred taxes16 | €293 | - | - | - | - | - | - | - |
| Amounts payable17/49 | €53,175 | €90,882 | €35,830 | €55,049 | €118,840 | €121,728 | €117,801 | ▼ 3.2% |
| Amounts payable after more than one year17 | €20,740 | €16,753 | €4,296 | €10,859 | €65,103 | €56,565 | €46,611 | ▼ 17.6% |
| Financial debts170/4 | - | - | - | €10,859 | €65,103 | €56,565 | €46,611 | ▼ 17.6% |
| Amounts payable within one year42/48 | €32,174 | €74,129 | €31,247 | €44,190 | €53,737 | €64,715 | €70,806 | ▲ 9.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,354 | €21,050 | €22,986 | €27,826 | ▲ 21.1% |
| Trade debts44 | €6,617 | €34,406 | €7,681 | €25,041 | €17,511 | €19,566 | €17,986 | ▼ 8.1% |
| Suppliers440/4 | - | - | - | €25,041 | €17,511 | €19,566 | €17,986 | ▼ 8.1% |
| Taxes, remuneration and social security45 | - | - | - | €12,795 | €15,176 | €22,163 | €24,994 | ▲ 12.8% |
| Taxes450/3 | - | - | - | €12,732 | €15,176 | €22,163 | €24,994 | ▲ 12.8% |
| Remuneration and social security454/9 | - | - | - | €63 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €448 | €384 | ▼ 14.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,915 | €3,695 | €1,778 | €14,963 | -€845 | €9,659 | €3,410 | ▼ 64.7% |
| + Depreciation and write-downs630 | €10,798 | €9,741 | €5,683 | €9,273 | €19,040 | €25,380 | €25,258 | ▼ 0.5% |
| Operating cash flow (approximation) | €40,713 | €13,437 | €7,461 | €24,235 | €18,195 | €35,039 | €28,668 | ▼ 18.2% |
| Investment in fixed assets (approximation) | - | €0 | -€875 | -€19,270 | -€85,615 | €0 | €0 | - |
| Change in cash | - | -€4,155 | €877 | €5,282 | -€2,932 | -€5,072 | €1,727 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 14-10-2025 | 2025-00541668 |
| 31-12-2023 | micro format | 26-07-2024 | 2024-00286098 |
| 31-12-2022 | micro format | 07-08-2023 | 2023-00315938 |
| 31-12-2021 | micro format | 05-07-2022 | 2022-20131603 |
| 31-12-2020 | micro format | 27-08-2021 | 2021-55400223 |
| 31-12-2019 | micro format | 31-08-2020 | 2020-49500448 |
| 31-12-2018 | micro format | 24-07-2019 | 2019-37100022 |
| 31-12-2017 | micro format | 29-08-2018 | 2018-55700460 |
| 31-12-2016 | micro format | 25-08-2017 | 2017-48400135 |
| 31-12-2015 | abbreviated format | 29-08-2016 | 2016-50600297 |
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
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Geert Van De Sijpe |
|
Owners and capital
Capital and shareholders
- 21-02-2024 Converted to unavailable equity
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
21-02
Gazette deed
Resignation: Geert Van De Sijpe (manager)Appointment: Geert Van De Sijpe (director) · Amendment of the articles · Capital conversion9 facts ▸
- General meeting, “buitengewone algemene vergadering van de aandeelhouders” (deed in Dutch)
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening(en)” (deed in Dutch)
- Reserve release, “opheffen statutair onbeschikbare eigen vermogensrekening(en), middelen beschikbaar voor uitkering” (deed in Dutch)
- Director resignation, Geert Van De Sijpe (manager)
- Director appointment, Geert Van De Sijpe (director (not named in the articles))
- Other provision, “bekwaamheid en aanvaarding mandaat” (deed in Dutch)
- Director discharge, Geert Van De Sijpe
- Power of attorney
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 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 0888.985.501
Recognitions · licences · registrations
Recognised contractor
3 categories- D5 General joinery, timber roof trusses and stairsclass 1, up to €162,000
- D20 Metal joineryclass 1, up to €162,000
- F1 Assembly and dismantling (without supplies)class 1, up to €162,000
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 |
|---|---|---|---|---|
| 41013A0327/00L000 | Flanders | 783 m² | 1 · 138 m² | 8.3 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De vervaardiging van deuren,ramen,kozijnen,luiken,jaloezieën,plinten,staaflijsten,enzoverder uit kunststof en metaal; Vervaardiging van…” (deed in Dutch)
10 activities (deed in Dutch)
- De vervaardiging van deuren,ramen,kozijnen,luiken,jaloezieën,plinten,staaflijsten,enzoverder uit kunststof en metaal
- Vervaardiging van metalen ramen,deuren,wanden en dergelijke
- De montage van buiten- en binnenschrijnwerk in metaal: PVC deuren,vensters,kozijnen,trappen,muurkasten,inbouwkeukens,winkelinrichtingen,enzovoort
- De installatie van al dan niet verplaatsbare tussenwanden,de bekleding van wanden,plafonds,enzoverder in metaal en PVC
- De installatie van garagepoorten,luiken,zonneblinden,traliewerk,hekken,enzoverder in metaal en PVC
- De installatie van geblindeerde deuren en brandwerende deuren in metaal
- De montage van serres,veranda’s enzoverder in metaal en PVC
- Het aanbrengen van glas,spiegels,enzoverder
- De installatie van binnendeuren,scheidingswanden enzoverder van glas
- Overige werkzaamheden in verband met de afwerking van gebouwen,niet eerder genoemd
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- G & C Construct
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Voor zover verplaatsing overeenkomstig taalwetgeving niet verplicht tot wijziging taal statuten, bestuursorgaan alleen mag administratieve…” (deed in Dutch)
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.
- “Met of zonder beperking van duur, Artikel 10. Bestuursorgaan” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Alle aandelen op naam, eigenaar niet pandhebbende schuldeiser treedt tegenover vennootschap op bij stemming tenzij anders overeengekomen” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Werkelijke waarde, Overdracht van aandelen onder levenden - overgang door overlijden” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Ten minste vijftien dagen te rekenen van dag openstelling intekening, inbreng in geld met uitgifte nieuwe aandelen-recht van voorkeur” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 31 May at 19:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing algemene vergadering op elk moment, vormvereisten,aanwezigheidsquorum en meerderheid Wetboek van Vennootschappen en Verenigingen” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bij ontbinding om welke reden en wanneer ook, recht algemene vergadering een of meer vereffenaars aan te duiden,bevoegdheden te omlijnen en…” (deed in Dutch)