G.D.
ActiveSummary
G.D. has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €63,470 and a net result of €18,803. Equity is growing by ~21% per year across the filed fiscal years. Its solvency ranks better than 58% of 28806 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+11
Solvency79▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 13.94 against 12.43 in 2024; short-term debt: 6.1% and cash: 10% of total assets), and 45.8% of the assets are financed with debt.
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Signals
Seven 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
54.2%
Return on assets
16.1%
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 03-03-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
78 d early
2023
50 d early
2022
17 d early
2021
32 d early
2020
45 d early
2019
14 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 42 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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. Usually files around 12 March (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close01-10-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#7 oldest company in Etterbeek, Construction sector
Equity
€63,470▲ 42.1%
2024 · €44,668
Total assets
€117,133▲ 15.4%
2024 · €101,483
Net result
€18,803▲ 143%
2024 · €7,743
Working capital
€91,800▲ 22.1%
2024 · €75,208
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€2,862€2,465▼ 13.9%€10,669▲ 333%€7,598▼ 28.8%€18,091▲ 138%
Net result€1,185within the sector's middle half€1,122within the sector's middle half▼ 5.3%€10,121within the sector's middle half▲ 802%€7,743within the sector's middle half▼ 23.5%€18,803within the sector's middle half▲ 143%
Equity€25,682within the sector's middle half▲ 4.8%€26,804within the sector's middle half▲ 4.4%€36,925within the sector's middle half▲ 37.8%€44,668within the sector's middle half▲ 21.0%€63,470within the sector's middle half▲ 42.1%
Total assets€95,811within the sector's middle half▼ 7.9%€86,705within the sector's middle half▼ 9.5%€94,039within the sector's middle half▲ 8.5%€101,483within the sector's middle half▲ 7.9%€117,133within the sector's middle half▲ 15.4%
Debt€70,129▼ 11.8%€59,901▼ 14.6%€57,114▼ 4.7%€56,816▼ 0.5%€53,662▼ 5.6%
Working capital€33,217within the sector's middle half▲ 47.6%€41,190within the sector's middle half▲ 24.0%€61,343within the sector's middle half▲ 48.9%€75,208within the sector's middle half▲ 22.6%€91,800within the sector's middle half▲ 22.1%
Solvency26.8%within the sector's middle half▲ 3.3pp30.9%within the sector's middle half▲ 4.1pp39.3%within the sector's middle half▲ 8.4pp44.0%within the sector's middle half▲ 4.7pp54.2%within the sector's middle half▲ 10.2pp
Current ratio3.67above the sector's middle half▲ 1.577.99above the sector's middle half▲ 4.3217.97above the sector's middle half▲ 9.9812.43above the sector's middle half▼ 5.5413.94above the sector's middle half▲ 1.51
Return on assets (ROA)1.2%within the sector's middle half▲ 2.2pp1.3%within the sector's middle half▲ 0.1pp10.8%within the sector's middle half▲ 9.5pp7.6%within the sector's middle half▼ 3.1pp16.1%within the sector's middle half▲ 8.4pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 138% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €117,133
Fixed assets
€18,239 ▼ 7.4%
Current assets
€98,893 ▲ 20.9%
Equity and liabilities €117,133
Equity
€63,470 ▲ 42.1%
Debt
€53,662 ▼ 5.6%
Debt's share of the balance-sheet total falls from 56.0% to 45.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€19,548▲
2024 · €16,982
Cash flow
€20,260▲
2024 · €17,127
Debt to equity
0.85▼
2024 · 1.27
ROE
29.6%▲
2024 · 17.3%
Interest coverage
10.42▲
2024 · 9.72
Debt ≤ 1 year
€7,093▲
2024 · €6,578
Debt > 1 year
€46,569▼
2024 · €50,237
Income taxes
€180▲
2024 · €171
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.1% 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 497,341 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% | 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% 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 31,371 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 | €10,976 | €10,540 | €10,540 | €9,384 | €1,457 | ▼ 84.5% |
| Other operating charges640/8 | - | €2,734 | €2,801 | €3,688 | €3,825 | ▲ 3.7% |
| Gross operating margin9900 | €16,553 | €15,739 | €24,010 | €20,670 | €23,373 | ▲ 13.1% |
| Operating profit (loss)9901 | €2,862 | €2,465 | €10,669 | €7,598 | €18,091 | ▲ 138% |
| Financial income75/76B | - | €744 | €1,466 | €2,062 | €2,768 | ▲ 34.2% |
| Recurring financial income75 | €472 | €744 | €1,466 | €2,062 | €2,768 | ▲ 34.2% |
| Financial charges65/66B | - | €1,937 | €1,849 | €1,747 | €1,876 | ▲ 7.4% |
| Recurring financial charges65 | €2,033 | €1,937 | €1,849 | €1,747 | €1,876 | ▲ 7.4% |
| Profit (loss) for the period before taxes9903 | €1,302 | €1,271 | €10,286 | €7,913 | €18,982 | ▲ 140% |
| Income taxes67/77 | €117 | €149 | €164 | €171 | €180 | ▲ 5.3% |
| Profit (loss) for the period9904 | €1,185 | €1,122 | €10,121 | €7,743 | €18,803 | ▲ 143% |
| Profit (loss) for the period to be appropriated9905 | €1,185 | €1,122 | €10,121 | €7,743 | €18,803 | ▲ 143% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €95,811 | €86,705 | €94,039 | €101,483 | €117,133 | ▲ 15.4% |
| Fixed assets21/28 | €50,162 | €39,622 | €29,081 | €19,697 | €18,239 | ▼ 7.4% |
| Tangible fixed assets22/27 | €50,084 | €39,543 | €29,003 | €19,619 | €18,161 | ▼ 7.4% |
| Land and buildings22 | - | €16,113 | €16,113 | €16,113 | €16,113 | = |
| Plant, machinery and equipment23 | - | €23,430 | €12,890 | €3,506 | €2,048 | ▼ 41.6% |
| Financial fixed assets28 | €78 | €78 | €78 | €78 | €78 | = |
| Current assets29/58 | €45,649 | €47,083 | €64,958 | €81,787 | €98,893 | ▲ 20.9% |
| Amounts receivable after more than one year29 | - | €35,357 | €35,357 | €35,357 | €35,357 | = |
| Other amounts receivable291 | - | €35,357 | €35,357 | €35,357 | €35,357 | = |
| Amounts receivable within one year40/41 | - | €6,380 | €20,398 | €34,819 | €47,301 | ▲ 35.8% |
| Other amounts receivable41 | - | €6,380 | €20,398 | €34,819 | €47,301 | ▲ 35.8% |
| Cash at bank and in hand54/58 | €7,036 | €2,047 | €4,984 | €7,208 | €11,735 | ▲ 62.8% |
| Deferred charges and accrued income490/1 | - | €3,299 | €4,218 | €4,402 | €4,500 | ▲ 2.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €95,811 | €86,705 | €94,039 | €101,483 | €117,133 | ▲ 15.4% |
| Equity10/15 | €25,682 | €26,804 | €36,925 | €44,668 | €63,470 | ▲ 42.1% |
| Contributions10/11 | €74,368 | €97,446 | €97,446 | €97,446 | €97,446 | = |
| Capital10 | - | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Issued capital100 | - | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Outside capital11 | - | €23,078 | €23,078 | €23,078 | €23,078 | = |
| Share premium1100/10 | - | €23,078 | €23,078 | €23,078 | €23,078 | = |
| Reserves13 | €8,561 | €8,561 | €8,561 | €8,561 | €8,561 | = |
| Non-distributable reserves130/1 | - | €1,620 | €1,620 | €1,620 | €1,620 | = |
| Legal reserve130 | - | €1,620 | €1,620 | €1,620 | €1,620 | = |
| Distributable reserves133 | - | €6,941 | €6,941 | €6,941 | €6,941 | = |
| Profit (loss) carried forward14 | -€80,325 | -€79,203 | -€69,082 | -€61,339 | -€42,537 | ▲ 30.7% |
| Amounts payable17/49 | €70,129 | €59,901 | €57,114 | €56,816 | €53,662 | ▼ 5.6% |
| Amounts payable after more than one year17 | €57,350 | €54,007 | €53,499 | €50,237 | €46,569 | ▼ 7.3% |
| Financial debts170/4 | - | €52,567 | €49,117 | €45,855 | €42,187 | ▼ 8.0% |
| Other amounts payable178/9 | - | €1,440 | €4,382 | €4,382 | €4,382 | = |
| Amounts payable within one year42/48 | €12,432 | €5,894 | €3,615 | €6,578 | €7,093 | ▲ 7.8% |
| Current portion of amounts payable after more than one year42 | - | €3,343 | €3,451 | €3,261 | €3,668 | ▲ 12.5% |
| Trade debts44 | €2,139 | €2,402 | - | €3,146 | €3,245 | ▲ 3.1% |
| Suppliers440/4 | - | €2,402 | - | €3,146 | €3,245 | ▲ 3.1% |
| Taxes, remuneration and social security45 | - | €149 | €164 | €171 | €180 | ▲ 5.3% |
| Taxes450/3 | - | €149 | €164 | €171 | €180 | ▲ 5.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,185 | €1,122 | €10,121 | €7,743 | €18,803 | ▲ 143% |
| + Depreciation and write-downs630 | €10,976 | €10,540 | €10,540 | €9,384 | €1,457 | ▼ 84.5% |
| Operating cash flow (approximation) | €12,161 | €11,662 | €20,662 | €17,127 | €20,260 | ▲ 18.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€4,988 | €2,937 | €2,224 | €4,527 | ▲ 104% |
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
23-07
State Gazette act
Resignation: Nicolas GILLAIN (director)Power of attorney3 facts ▸
State Gazette act
Resignation: Nicolas GILLAIN (director)
Power of attorney3 facts ▸
- General meeting, 26-05-2026
- Director resignation, Nicolas GILLAIN (director)
- Power of attorney, PME-Conseils SA
03-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2019net €18,803 ▲143%
Operating result €18,091, net result €18,803, both a record.
11-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Liquidity doublescurrent ratio 17.97
Current ratio from 7.99 to 17.97; short-term debt falls from €5,894 to €3,615.
13-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Liquidity doublescurrent ratio 7.99
Current ratio from 3.67 to 7.99; short-term debt falls from €12,432 to €5,894.
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €1,185
Net result €1,185 after 2 loss-making years.
16-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
16-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
15-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company in the Gazette acts read. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Etterbeek · 2 establishment units since 1984
Ground area
490 m²
Building footprint
356 m²
Volume, LiDAR
3,793 m³
3 parcels, Brussels, Flanders · tallest building 21.4 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Kortrijksesteenweg 345, 9000 Gent
since 19842.023.088.022
Lesbroussartstraat 67, 1050 Elsene
since 19852.023.087.923
3 parcels
Flanders
1
(33.3%)
Brussels
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0409/00Y003 | Brussels | 215 m² | 1 · 100 m² | 16.8 m · 4 fl. |
| 21444B0199/00B008 | Brussels | 176 m² | 1 · 157 m² | 17.1 m · 4 fl. |
| 44808H0001/00L033 | Flanders | 99 m² | 1 · 99 m² | 21.4 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Nicolas GILLAIN |
|
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Company details
Identification
Legal formPublic limited company
Founded20-05-1985
Fiscal year end30-09
Activities, NACEBEL 2025
43990Other specialised construction activities
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 1 October 2026 · Peppol Directory
General meetings
1 convocationExtraordinary general meeting
Agenda
1. Verslag bestuurders. 2. Goedkeuring jaarrekening. 3. Bestemming resultaat. 4. Kwijting aan bestuurders. 5. Benoemingen. 6. Rondvraag. De aandeelhouders gelieven zich te schikken naar de statuten om tot de vergadering te worden toegelaten. (70690) G.D., société anonyme, rue Général Capiaumont 96, 1040 Bruxelles Numéro d’entreprise 0427.303.806 Assemblée générale ordinaire au siège social, le 07.03.2005, à 10 heures . — Ordre du jour : Rapport du conseil administration. Approbation des comptes annuels. Affectation du résultat. Décharge aux administrateurs. Nomination des administrateurs. Divers. (70691) Gikimat, naamloze vennootschap, Sint-Rumoldusstraat 1A, 3890 Gingelom BTW 414.350.445 — ...
Scores and ratios are computed by Checked and are not a credit decision.