G.L. CONSTRUCTION
ActiveFor G.L. CONSTRUCTION, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €163k and a net result of €-37k. Equity is shrinking by ~14% per year across the filed fiscal years. Its solvency ranks better than 16% of 3605 sector peers (fiscal year 2023). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability15▲+3
Solvency38▼-3
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
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
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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
12.9%
Return on assets
-2.9%
Age of the figures
33 mo
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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline21-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 16-07-2026, 715 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
715 d late
2022
30 d late
2021
39 d late
2020
31 d late
2019
90 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-37k▲ 45.3%
2022 · €-68k
2018: €4k
2019: €-49k
2020: €-16k
2021: €-36k
2022: €-68k
2018 → 2023
Working capital
€544k▼ 0.4%
2022 · €546k
2018: €471k
2019: €522k
2020: €555k
2021: €576k
2022: €546k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€319k-€304k▼ 4.9%€267k▼ 12.0%€200k▼ 25.3%€163k▼ 18.6%
Operating result€-76k-€-50k▲ 34.3%€-35k▲ 29.4%€-67k▼ 90.4%€-35k▲ 47.5%
Net result€-49k-€-16k▲ 67.8%€-36k▼ 132%€-68k▼ 86.1%€-37k▲ 45.3%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €35k in 2023 against €67k in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.26M
Fixed assets
€510k▼ 4.8%
Current assets
€748k▲ 0.6%
Equity and liabilities €1.26M
Equity
€163k▼ 18.6%
Debt
€1.10M▲ 1.5%
The debt ratio rises from 84.4% to 87.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-10k▲
2022 · €-41k
Cash flow
€-12k▲
2022 · €-42k
Solvency
12.9%▼
2022 · 15.6%
Current ratio
3.66▼
2022 · 3.75
Quick ratio
3.66▼
2022 · 3.75
Debt / equity
6.74▲
2022 · 5.41
ROE
-22.8%▲
2022 · -33.9%
ROA
-2.9%▲
2022 · -5.3%
Interest coverage
-15.82▲
2022 · -185.98
Debt
€1.10M▲
2022 · €1.08M
Debt ≤ 1 year
€205k▲
2022 · €198k
Debt > 1 year
€891k▲
2022 · €881k
Income taxes
€1k▲
2022 · €638
Staff costs
€-2k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€1.28M€1.26M▼
Fixed assets21/28€535k€510k▼
Tangible fixed assets22/27€132k€106k▼
Land and buildings22€31k€25k▼
Assets under construction and advance payments27€100k€81k▼
Financial fixed assets28€403k€403k=
Current assets29/58€744k€748k▲
Amounts receivable within one year40/41€711k€712k▲
Trade receivables40€690k€690k=
Other amounts receivable41€21k€22k▲
Cash at bank and in hand54/58€862€4k▲
Deferred charges and accrued income490/1€32k€32k=
Equity and liabilities
Total equity and liabilities10/49€1.28M€1.26M▼
Equity10/15€200k€163k▼
Contributions10/11€85k€85k=
Capital10€85k€85k=
Issued capital100€85k€85k=
Reserves13€183k€183k=
Non-distributable reserves130/1€9k€9k=
Legal reserve130€9k€9k=
Tax-exempt reserves132€49k€49k=
Distributable reserves133€125k€125k=
Profit (loss) carried forward14€-113k€-150k▼
Investment grants15€45k€45k=
Amounts payable17/49€1.08M€1.10M▲
Amounts payable after more than one year17€881k€891k▲
Financial debts170/4€881k€891k▲
Amounts payable within one year42/48€198k€205k▲
Trade debts44€196k€203k▲
Suppliers440/4€196k€203k▲
Taxes, remuneration and social security45€2k€2k▼
Taxes450/3€436-
Remuneration and social security454/9€2k€2k=
Income statement
Code20222023
Non-recurring operating income76A-€15k
Remuneration, social security and pensions62-€-2k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€25k=
Other operating charges640/8€5k€7k▲
Non-recurring operating charges66A€26k-
Gross operating margin9900€-10k€-5k▲
Operating profit (loss)9901€-67k€-35k▲
Financial charges65/66B€222€607▲
Recurring financial charges65€222€607▲
Profit (loss) for the period before taxes9903€-67k€-36k▲
Income taxes67/77€638€1k▲
Profit (loss) for the period9904€-68k€-37k▲
Profit (loss) for the period to be appropriated9905€-68k€-37k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-113k€-150k▼
Profit (loss) brought forward from the previous period14P€-45k€-113k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 715 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €-68k
Net result drops to €-68k, the lowest in the series; recovery starts the following year.
08-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 39 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 90 days late
06-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 341 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
29-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Ans · 1 establishment unit since 2000
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.
Rue des Technologies 134432 AnsGround area
2,511 m²
Building footprint
703 m²
Volume, LiDAR
4,267 m³
2 parcels, Wallonia · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Lantin 209, 4432 Ans
since 20002.093.967.011
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62001B0377/00A002 | Wallonia | 2,216 m² | 1 · 612 m² | 7.4 m · 2 fl. |
| 62001B0287/00Y003 | Wallonia | 295 m² | 1 · 92 m² | 9.9 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.
Similar companies · same sector, comparable size
TRAIAN RENOV
BE 0808.374.046
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MBI CONSTRUCT
BE 0811.246.533
Ittre · Eq €162k
VMCR
BE 0831.330.382
Elsene · Eq €162k
ETS. VOISIN X.
BE 0462.726.325
Frasnes-lez-Anvaing · Eq €162k
CRIGAN
BE 0860.883.908
Eghezée · Eq €162k
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 6,014 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-08-2000
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43990Other specialised construction activities
43999Specialised construction activities
45211
45250
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.