Debts
€592,451 97% of the balance sheet
Financial debts 60%Suppliers 3%Taxes and wages 1%Other 36%
G-CONCEPT
Lifetime
15 annual accounts with figures on one time axispeak €38,255 (2013)
€29,785▲ €33,276
lowest -€19,292 (2025)
€13,217▲ €32,509
peak €22,087 (2024)
€16,012▲ 473%
€592,451▲ 19.0%
peak 0.4 FTE (2013)
-not published
Board3 names since 2019
2 directorsKenneth Gangl and 1 other
Documentsfilings and deeds
28-09-202633 days before the deadline
2026micro format
Gross margin from -€3,491 to €29,785Back to profit: €13,217Equity from €2,795 to €16,012Debts from €497,917 to €592,451
Key points
from the 2026 annual accountsFilings
15 annual accounts since 2012
Five of the last ten came late. The 2022 accounts came latest: 630 days after the end of the period.
Position in the sector
2.6%
Lower solvency than 90% of companies in specialised construction. Sector median 49.0% · 1,074 companies.
Checked score
68
Healthy
Financially stronger than 33% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.1%
01-2025: 1.1%● unchanged vs 12-2024
02-2025: 1.1%● unchanged vs 01-2025
03-2025: 1.1%● unchanged vs 02-2025
04-2025: 1.1%● unchanged vs 03-2025
05-2025: 1.1%● unchanged vs 04-2025
06-2025: 1.1%● unchanged vs 05-2025
07-2025: 1.1%● unchanged vs 06-2025
08-2025: 1.2%▲ +0.1 percentage points vs 07-2025
09-2025: 1.1%▼ -0.1 percentage points vs 08-2025
10-2025: 1.3%▲ +0.2 percentage points vs 09-2025
11-2025: 1.7%▲ +0.4 percentage points vs 10-2025
12-2025: 1.9%▲ +0.2 percentage points vs 11-2025
01-2026: 2.3%▲ +0.4 percentage points vs 12-2025
02-2026: 2.4%▲ +0.1 percentage points vs 01-2026
03-2026: 3.1%▲ +0.7 percentage points vs 02-2026
04-2026: 5.1%▲ +2.0 percentage points vs 03-2026
05-2026: 5.1%● unchanged vs 04-2026
06-2026: 5.4%▲ +0.3 percentage points vs 05-2026highest value
07-2026: 5.0%▼ -0.4 percentage points vs 06-2026
08-2026: 5.0%● unchanged vs 07-2026
09-2026: 5.0%● unchanged vs 08-2026
10-2026: 0.7%▼ -4.3 percentage points vs 09-2026lowest value
11-2026: 0.7%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
1 of the last 3 accounts late
lowers risk
Size: total assets €608,463
Founded in 2011
Calculation
The band follows from the bankruptcy probability. 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 43, micro). It does better than 9% of them on solvency, 2% on liquidity, 21% on profitability and 98% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,448 companies had the same profile as G-CONCEPT has now. Each dot stands for 4 companies, two years later.
95.6%
were still trading
2.1%
stopped another way
2.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of G-CONCEPT itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,448 companies, not a prediction for G-CONCEPT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.03 (1.0 in 2025), below the usual 1.5. Short-term debt is 97.4% and cash 0.8% of total assets. 97.4% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 1074 sector peers (2026).
NBB · sector comparisonPosition among 1074 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 28-09-2026, 33 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
33 days early
2025
332 days late
2024
18 days late
2023
325 days late
2022
630 days late
2021
116 days early
2020
249 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 201 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 20 September (4 of the last 5 accounts filed within 307 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-03-2027 year end31-10-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0834416665
Registered office moved from Gavere to Ghent
New registered office: Lostraat 83, te 9000 Gent · Previous registered office: Populierenstraat 5, te 9890 Gavere · General meeting of 14-09-2022 · Gazette deed
Company renamed from RenoPACIF to G-CONCEPT
General meeting of 14-12-2021 · Gazette deed
Registered office moved from Wetteren to Gavere
New registered office: Populierenstraat 5, 9890 Gavere · Previous registered office: Noordlaan 144 bus A, 9230 Wetteren · General meeting of 30-09-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| G-CONCEPT Ghent | €608,463 | €29,785 | 2.6% | - |
| MAATWERK SCHEPENS Oosterzele | €688,127 | €36,699 | 56.2% | - |
| COMPAGNONS Jemeppe-sur-Sambre | €583,025 | €27,335 | 13.0% | - |
| IDEA INTERIOR CONCEPTS Wingene | €552,799 | €35,440 | 34.3% | - |
| PIERRE ET BOIS V.E. Anhée | €506,271 | €30,127 | 80.6% | - |
| INTERIEURWERKEN VANBUEL Pelt | €614,520 | €37,949 | 42.8% | - |
| VAN DUN RAMEN EN DEUREN Beerse | €631,703 | €32,814 | 49.4% | - |
These companies have the same main activity as G-CONCEPT: joinery installation (NACE 43320). They are comparable in size and age: total assets between €506,000 and €688,000, founded between 2008 and 2010.
Official details
Source: KBO- Status
- Active since 10-03-2011Normal situation
- Activity
- Joinery installationNACE 43320and 1 other
- Establishment unit
- 2.198.277.2479890 Gavere, since 10-03-2011
- Financial year end
- 31 March
- Peppol
- Reachable since 12-09-2025
Annual accounts to 31-03-2026
- ≈ €180,000estimated
- €608,463▲ 21.5%
- Filing
- Filed on 28-09-2026, 33 days before the end of the filing period
Insights on G-CONCEPT
G-CONCEPT files the micro format. That format states no turnover. The gross margin rose from -€2,396 in 2012 to €29,785 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about G-CONCEPT
- What is the company number of G-CONCEPT?
- The company number of G-CONCEPT is 0834.416.665. The VAT number is the same number with BE in front: BE 0834.416.665.
- Where is G-CONCEPT based?
- The registered office is at Lostraat 83, 9000 Ghent.Company details
- What does G-CONCEPT do?
- According to the KBO register, the main activity is joinery installation (NACE 43320).
- What is the legal form of G-CONCEPT?
- G-CONCEPT is a private limited company (BV).
- When was G-CONCEPT founded?
- G-CONCEPT was founded on 10-03-2011.
- Is G-CONCEPT still active?
- Yes, G-CONCEPT is an active enterprise in the KBO register.
- What is the turnover of G-CONCEPT?
- The turnover in financial year 2026 is ≈ €180,000. This figure is estimated from the gross margin of €29,785 and 32 comparable companies (NACE 43320). It probably lies between €130,000 and €310,000.Financials
- Is G-CONCEPT profitable?
- In financial year 2026, G-CONCEPT made a profit of €13,217.
- Where can I find the annual accounts of G-CONCEPT?
- G-CONCEPT filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of G-CONCEPT due?
- G-CONCEPT must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.