G & G CONSTRUCT
ActiveG & G CONSTRUCT has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €999k and a net result of €-123k. Equity is shrinking by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 49% of 7684 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency78▼-3
Growth58=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 1.57 against 1.59 in 2024), but 56.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← 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
43.4%
Return on assets
-5.3%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€123k
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
31 d early
2023
55 d late
2022
30 d late
2021
26 d late
2020
31 d early
2019
42 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€999k▼ 11.0%
2024 · €1.12M
2018: €1.36M
2019: €1.31M
2020: €1.40M
2021: €1.46M
2022: €1.47M
2023: €1.25M
2024: €1.12M
2018 → 2025
Total assets
€2.30M▼ 6.5%
2024 · €2.46M
2018: €2.67M
2019: €2.58M
2020: €2.45M
2021: €2.82M
2022: €2.97M
2023: €2.45M
2024: €2.46M
2018 → 2025
Net result
€-123k▲ 2.7%
2024 · €-127k
2018: €-221k
2019: €-55k
2020: €96k
2021: €52k
2022: €14k
2023: €-221k
2024: €-127k
2018 → 2025
Working capital
€723k▼ 4.6%
2024 · €757k
2018: €391k
2019: €303k
2020: €544k
2021: €739k
2022: €870k
2023: €772k
2024: €757k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.46M-€1.47M▲ 1.0%€1.25M▼ 15.1%€1.12M▼ 10.1%€999k▼ 11.0%
Operating result€66k-€34k▼ 48.1%€-213k€-118k▲ 44.5%€-106k▲ 10.7%
Net result€52k-€14k▼ 72.2%€-221k€-127k▲ 42.8%€-123k▲ 2.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €106k in 2025 against €118k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.30M
Fixed assets
€304k▼ 27.9%
Current assets
€2.00M▼ 2.1%
Equity and liabilities €2.30M
Equity
€999k▼ 11.0%
Debt
€1.30M▼ 2.8%
The debt ratio rises from 54.4% to 56.6%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€17k▼
2024 · €24k
Cash flow
€1▼
2024 · €16k
Solvency
43.4%▼
2024 · 45.6%
Current ratio
1.57▼
2024 · 1.59
Quick ratio
1.19▼
2024 · 1.28
Debt / equity
1.30▲
2024 · 1.19
ROE
-12.3%▼
2024 · -11.3%
ROA
-5.3%▼
2024 · -5.1%
Interest coverage
0.67▼
2024 · 1.46
Debt
€1.30M▼
2024 · €1.34M
Debt ≤ 1 year
€1.27M▼
2024 · €1.28M
Debt > 1 year
€27k▼
2024 · €54k
Income taxes
€2k▼
2024 · €2k
Staff costs
€1.20M▼
2024 · €1.27M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.46M€2.30M▼
Fixed assets21/28€422k€304k▼
Intangible fixed assets21€39k€26k▼
Tangible fixed assets22/27€382k€278k▼
Land and buildings22€265k€200k▼
Plant, machinery and equipment23€17k€7k▼
Furniture and vehicles24€101k€70k▼
Financial fixed assets28€629€629=
Current assets29/58€2.04M€2.00M▼
Stocks and contracts in progress3€398k€480k▲
Stocks30/36€398k€480k▲
Amounts receivable within one year40/41€1.43M€1.45M▲
Trade receivables40€1.06M€621k▼
Other amounts receivable41€371k€833k▲
Current investments50/53€51€0▼
Cash at bank and in hand54/58€204k€55k▼
Deferred charges and accrued income490/1€9k€8k▼
Equity and liabilities
Total equity and liabilities10/49€2.46M€2.30M▼
Equity10/15€1.12M€999k▼
Contributions10/11€1.16M€1.16M=
Reserves13€348k€348k=
Non-distributable reserves130/1€16k€16k=
Reserves not available under the articles1311€16k€16k=
Tax-exempt reserves132€56k€56k=
Distributable reserves133€276k€276k=
Profit (loss) carried forward14€-386k€-509k▼
Amounts payable17/49€1.34M€1.30M▼
Amounts payable after more than one year17€54k€27k▼
Financial debts170/4€54k€27k▼
Amounts payable within one year42/48€1.28M€1.27M▼
Current portion of amounts payable after more than one year42€27k€27k=
Financial debts43€250k€250k=
Credit institutions430/8€250k€250k=
Trade debts44€418k€554k▲
Suppliers440/4€418k€554k▲
Advances received on contracts in progress46€493k€365k▼
Taxes, remuneration and social security45€94k€78k▼
Taxes450/3€23k€21k▼
Remuneration and social security454/9€71k€57k▼
Accrued charges and deferred income492/3€3k€16▼
Income statement
Code20242025
Remuneration, social security and pensions62€1.27M€1.20M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€143k€123k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-6k€-132k▼
Other operating charges640/8€17k€151k▲
Gross operating margin9900€1.30M€1.24M▼
Operating profit (loss)9901€-118k€-106k▲
Financial income75/76B€10k€10k▼
Recurring financial income75€10k€10k▼
Financial charges65/66B€17k€26k▲
Recurring financial charges65€17k€26k▲
Profit (loss) for the period before taxes9903€-125k€-122k▲
Income taxes67/77€2k€2k▼
Profit (loss) for the period9904€-127k€-123k▲
Profit (loss) for the period to be appropriated9905€-127k€-123k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-386k€-509k▼
Profit (loss) brought forward from the previous period14P€-260k€-386k▼
Social balance
Average headcount (FTE)908724.423.5▼
The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 55 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €96k
Net result €96k after 2 loss-making years.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2024
V. ALGIM
CurrentDirector · since 21-06-2024
21-06-2024
V. ALGIM: Appointed as Director
21-06-2024
BV Iwein Buyse Management: Resigned as Director
Location & real-estate footprint
Registered office, Ninove · 2 establishment units since 1996
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Brakelsesteenweg 4629400 NinoveGround area
9,265 m²
Building footprint
4,689 m²
Volume, LiDAR
34,015 m³
2 parcels, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
G & G CONSTRUCT
since 19962.077.519.571
G&G - Pauwels
since 20192.285.545.969
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41003A0316/00D000 | Flanders | 5,890 m² | 1 · 3,168 m² | 10.9 m · 2 fl. |
| 41003A0325/00R000 | Flanders | 3,376 m² | 1 · 1,521 m² | 9.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 26,133 EUR awarded · 26,133 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 10,135 EUR | 10,267 EUR |
| 2024 | 2 | 7,631 EUR | 7,499 EUR |
| 2023 | 2 | 3,075 EUR | 3,075 EUR |
| 2022 | 2 | 5,292 EUR | 5,292 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
METAALCONSTRUCTIES POUILLIERS
BE 0400.910.205
Halle · Eq €1,000k
ALU DB
BE 0476.873.378
Bornem · Eq €1.00M
A+ ALU
BE 0458.242.945
Kontich · Eq €1.01M
Construal
BE 0400.935.642
Hasselt · Eq €988k
MKM METAALWERKEN
BE 0455.360.560
Kinrooi · Eq €1.02M
Of 904 companies in sector 25120 we hold annual accounts for 673. 485 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-07-1996
Fiscal year end31-12
Activities, NACEBEL
25120Manufacture of fabricated metal products, except machinery and equipment
43320Joinery installation
45421
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.