G.C.I. CONSTRUCT
ActiveSummary
G.C.I. CONSTRUCT has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €437,559 and a net result of €175,762. Equity is growing by ~32.5% per year across the filed fiscal years. Its solvency ranks better than 48% of 7564 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90▲+7
Solvency67▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 1.74 against 1.56 in 2024; short-term debt: 53.8% and cash: 0.6% of total assets), but 58% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
42%
Return on assets
16.9%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-04-2026, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
6 d early
2024
43 d early
2023
18 d early
2022
19 d early
2021
46 d early
2020
39 d early
2019
45 d early
← 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 31 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€175,762▲ 107%
2024 · €85,065
Working capital
€417,121▲ 70.9%
2024 · €244,049
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€94,838▲ 57.5%€97,497▲ 2.8%€128,770▲ 32.1%€128,004▼ 0.6%€252,430▲ 97.2%
Net result€55,595above the sector's middle half▲ 108%€55,216above the sector's middle half▼ 0.7%€75,301above the sector's middle half▲ 36.4%€85,065above the sector's middle half▲ 13.0%€175,762above the sector's middle half▲ 107%
Equity€135,257above the sector's middle half▲ 75.3%€158,573above the sector's middle half▲ 17.2%€233,874above the sector's middle half▲ 47.5%€276,083above the sector's middle half▲ 18.0%€437,559above the sector's middle half▲ 58.5%
Total assets€369,127above the sector's middle half▲ 86.0%€631,499above the sector's middle half▲ 71.1%€737,113above the sector's middle half▲ 16.7%€742,704above the sector's middle half▲ 0.8%€1.0mabove the sector's middle half▲ 40.4%
Debt€233,870▲ 92.8%€472,925▲ 102%€503,238▲ 6.4%€466,622▼ 7.3%€605,382▲ 29.7%
Working capital€90,745▲ 37.7%€106,563▲ 17.4%€208,584▲ 95.7%€244,049▲ 17.0%€417,121▲ 70.9%
Solvency36.6%within the sector's middle half▼ 2.2pp25.1%within the sector's middle half▼ 11.5pp31.7%within the sector's middle half▲ 6.6pp37.2%within the sector's middle half▲ 5.4pp42.0%within the sector's middle half▲ 4.8pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 97% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€64,365 ▼ 1.9%
Current assets
€978,575 ▲ 44.5%
Equity and liabilities €1.0m
Equity
€437,559 ▲ 58.5%
Debt
€605,382 ▲ 29.7%
Debt's share of the balance-sheet total falls from 62.8% to 58.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€263,598▲
2024 · €143,834
Cash flow
€186,930▲
2024 · €100,895
Current ratio
1.74▲
2024 · 1.56
Debt to equity
1.38▼
2024 · 1.69
ROE
40.2%▲
2024 · 30.8%
ROA
16.9%▲
2024 · 11.5%
Interest coverage
71.18▲
2024 · 20.31
Debt ≤ 1 year
€561,455▲
2024 · €433,040
Debt > 1 year
€43,927▲
2024 · €33,582
Income taxes
€75,627▲
2024 · €36,170
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.8% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 17,792 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,946 | €25,693 | €16,960 | €15,830 | €11,168 | ▼ 29.5% |
| Other operating charges640/8 | - | €3,538 | €6,730 | €2,058 | €23,597 | ▲ 1,047% |
| Gross operating margin9900 | €112,592 | €126,728 | €152,461 | €145,892 | €287,196 | ▲ 96.9% |
| Operating profit (loss)9901 | €94,838 | €97,497 | €128,770 | €128,004 | €252,430 | ▲ 97.2% |
| Financial income75/76B | - | €443 | €4 | €313 | €2,662 | ▲ 749% |
| Recurring financial income75 | €1,068 | €443 | €4 | €313 | €2,662 | ▲ 749% |
| Financial charges65/66B | - | €15,262 | €10,772 | €7,082 | €3,703 | ▼ 47.7% |
| Recurring financial charges65 | €19,745 | €15,262 | €10,772 | €7,082 | €3,703 | ▼ 47.7% |
| Profit (loss) for the period before taxes9903 | €76,161 | €82,677 | €118,002 | €121,235 | €251,389 | ▲ 107% |
| Income taxes67/77 | €20,566 | €27,461 | €42,701 | €36,170 | €75,627 | ▲ 109% |
| Profit (loss) for the period9904 | €55,595 | €55,216 | €75,301 | €85,065 | €175,762 | ▲ 107% |
| Profit (loss) for the period to be appropriated9905 | €55,595 | €55,216 | €75,301 | €85,065 | €175,762 | ▲ 107% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €369,127 | €631,499 | €737,113 | €742,704 | €1.0m | ▲ 40.4% |
| Fixed assets21/28 | €44,511 | €73,847 | €25,291 | €65,616 | €64,365 | ▼ 1.9% |
| Tangible fixed assets22/27 | €42,951 | €72,287 | €23,731 | €64,056 | €62,805 | ▼ 2.0% |
| Plant, machinery and equipment23 | - | €12,158 | €7,703 | €6,021 | €5,563 | ▼ 7.6% |
| Furniture and vehicles24 | - | €60,129 | €16,028 | €58,035 | €57,242 | ▼ 1.4% |
| Financial fixed assets28 | €1,560 | €1,560 | €1,560 | €1,560 | €1,560 | = |
| Current assets29/58 | €324,615 | €557,651 | €711,822 | €677,089 | €978,575 | ▲ 44.5% |
| Amounts receivable within one year40/41 | €238,445 | €552,135 | €700,000 | €666,672 | €960,404 | ▲ 44.1% |
| Trade receivables40 | - | €502,343 | €603,510 | €564,583 | €860,314 | ▲ 52.4% |
| Other amounts receivable41 | - | €49,792 | €96,489 | €102,088 | €100,090 | ▼ 2.0% |
| Cash at bank and in hand54/58 | €80,698 | €339 | €9,582 | €1,386 | €6,557 | ▲ 373% |
| Deferred charges and accrued income490/1 | - | €5,177 | €2,240 | €9,031 | €11,614 | ▲ 28.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €369,127 | €631,499 | €737,113 | €742,704 | €1.0m | ▲ 40.4% |
| Equity10/15 | €135,257 | €158,573 | €233,874 | €276,083 | €437,559 | ▲ 58.5% |
| Contributions10/11 | €18,200 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | - | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - | - |
| Reserves13 | €1,860 | €24,860 | €84,860 | €144,860 | €194,860 | ▲ 34.5% |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Legal reserve130 | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | €23,000 | €84,860 | €144,860 | €194,860 | ▲ 34.5% |
| Profit (loss) carried forward14 | €115,197 | €115,113 | €130,414 | €112,623 | €224,099 | ▲ 99.0% |
| Amounts payable17/49 | €233,870 | €472,925 | €503,238 | €466,622 | €605,382 | ▲ 29.7% |
| Amounts payable after more than one year17 | - | €21,837 | - | €33,582 | €43,927 | ▲ 30.8% |
| Financial debts170/4 | - | €21,837 | - | €33,582 | €43,927 | ▲ 30.8% |
| Amounts payable within one year42/48 | €233,870 | €451,088 | €503,238 | €433,040 | €561,455 | ▲ 29.7% |
| Current portion of amounts payable after more than one year42 | - | €10,106 | - | €10,559 | €10,237 | ▼ 3.0% |
| Trade debts44 | €213,304 | €371,839 | €416,889 | €331,554 | €463,305 | ▲ 39.7% |
| Suppliers440/4 | - | €371,839 | €416,889 | €331,554 | €463,305 | ▲ 39.7% |
| Taxes, remuneration and social security45 | - | €30,248 | €42,701 | €60,627 | €71,913 | ▲ 18.6% |
| Taxes450/3 | - | €27,461 | €42,701 | €54,027 | €69,913 | ▲ 29.4% |
| Remuneration and social security454/9 | - | €2,788 | - | €6,600 | €2,000 | ▼ 69.7% |
| Other amounts payable47/48 | - | €38,895 | €43,649 | €30,300 | €16,000 | ▼ 47.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €55,595 | €55,216 | €75,301 | €85,065 | €175,762 | ▲ 107% |
| + Depreciation and write-downs630 | €8,946 | €25,693 | €16,960 | €15,830 | €11,168 | ▼ 29.5% |
| Operating cash flow (approximation) | €64,541 | €80,910 | €92,261 | €100,895 | €186,930 | ▲ 85.3% |
| Investment in fixed assets (approximation) | - | -€55,029 | €31,596 | -€56,155 | -€9,918 | ▲ 82.3% |
| Change in cash | - | -€80,358 | €9,243 | -€8,196 | €5,170 | ▲ 163% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €175,762 ▲107%
Operating result €252,430, net result €175,762, both a record.
18-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €200,000Eq €233,874 ▲47.5%
6 profitable years in a row build equity to €233,874.
11-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Equity above €150,000Eq €158,573 ▲17.2%
5 profitable years in a row build equity to €158,573.
15-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Equity above €100,000Eq €135,257 ▲75.3%
4 profitable years in a row build equity to €135,257.
22-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
16-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
21-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
11 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Awans · 1 establishment unit since 2015
Ground area
1.5 ha
Building footprint
2.0 ha
Volume, LiDAR
182,968 m³
Parcel 62053A0200/02K000, Wallonia · tallest building 13.4 m, ±3 floors. Linked by address, not a title deed.
25
companies at this address
See who is registered here
1 establishment unit
G.C.I. CONSTRUCT
since 20152.244.742.722
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62053A0200/02K000 | Wallonia | 1.5 ha | 1 · 2.0 ha | 13.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
9 categoriesG.C.I. CONSTRUCT SRL37736
Similar companies · same sector, comparable size
Verbouwingen De Jonge
BE 0700.999.697
Pajottegem · Eq €437,610
algemene bouwonderneming boschmans en zonen
BE 0860.110.678
Pajottegem · Eq €437,644
O.I.C.I.
BE 0455.826.655
Waterloo · Eq €437,339
BOLSTER
BE 0839.416.620
Ternat · Eq €438,238
Coöperatief Constructiebedrijf AUTREMENT
BE 0723.796.776
Jette · Eq €436,859
Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 9,753 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-06-2015
Fiscal year end30-09
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
43110Demolition
43230Insulation installation
43331Floor and wall tiling
E-invoicing
Reachable via Peppol
Peppol ID
0208:0631776341
Also
9925:BE0631776341
Registered
02-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.