G-NAY CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of G-NAY CONSTRUCT is 9.1% (elevated). The 2024 annual accounts show negative equity (€-13k) and a net result of €-2k. Equity is shrinking by ~61.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 36375 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth22▼-10
Track record100
Bankruptcy probability, 12 months
9.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.04 against 0.03 in 2023; short-term debt: 316% and cash: 8.7% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
-216%
Return on assets
-33.4%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year €-13k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
13 d early
2022
127 d late
2021
59 d late
2020
163 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€1k
2023 · €0
2020: €52khighest value
2023: €0lowest value
2024: €1k
2020 → 2024
EBIT margin
-189.8%▼ 239.5pp
2020 · 49.7%
2020: 49.7%
2024: -189.8%
2020 → 2024
Net result
€-2k▲ 71.6%
2023 · €-7k
2020: €23khighest in 5 years
2021: €3k▼ -86.9% vs 2020
2022: €-17k▼ -662% vs 2021lowest in 5 years
2023: €-7k▲ +56.7% vs 2022
2024: €-2k▲ +71.6% vs 2023
2020 → 2024
Working capital
€-19k▲ 0.5%
2023 · €-19k
2020: €-1k
2021: €129▲ +110% vs 2020highest in 5 years
2022: €-14k▼ -10838% vs 2021
2023: €-19k▼ -37.3% vs 2022lowest in 5 years
2024: €-19k▲ +0.5% vs 2023
2020 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€52k-€0€1k
2020: €52khighest value
2023: €0lowest value
2024: €1k
Equity€10k-€13k▲ 30.5%€-4k€-11k▼ 182%€-13k▼ 18.3%
2020: €10k
2021: €13k▲ +30.5% vs 2020highest in 5 years
2022: €-4k▼ -131% vs 2021
2023: €-11k▼ -182% vs 2022
2024: €-13k▼ -18.3% vs 2023lowest in 5 years
Operating result€26k-€3k▼ 88.0%€-14k€-7k▲ 51.6%€-2k▲ 65.0%
2020: €26khighest in 5 years
2021: €3k▼ -88.0% vs 2020
2022: €-14k▼ -567% vs 2021lowest in 5 years
2023: €-7k▲ +51.6% vs 2022
2024: €-2k▲ +65.0% vs 2023
Net result€23k-€3k▼ 86.9%€-17k€-7k▲ 56.7%€-2k▲ 71.6%
2020: €23khighest in 5 years
2021: €3k▼ -86.9% vs 2020
2022: €-17k▼ -662% vs 2021lowest in 5 years
2023: €-7k▲ +56.7% vs 2022
2024: €-2k▲ +71.6% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2024 against €7k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6k
Fixed assets
€5k ▼ 28.6%
Current assets
€775 ▲ 57.9%
Key figures and ratios
EBITDA
€-264▲
2023 · €-5k
Cash flow
€100▲
2023 · €-5k
Solvency
-216.0%▼
2023 · -139.9%
Current ratio
0.04▲
2023 · 0.03
Debt to equity
-1.46▲
2023 · -1.71
ROA
-33.4%▲
2023 · -90.3%
Interest coverage
-2.08▲
2023 · -32.38
Debt
€20k▲
2023 · €20k
Debt ≤ 1 year
€20k▲
2023 · €20k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€8k€6k▼
Fixed assets21/28€8k€5k▼
Tangible fixed assets22/27€8k€5k▼
Plant, machinery and equipment23€3k€3k=
Furniture and vehicles24€5k€3k▼
Current assets29/58€491€775▲
Amounts receivable within one year40/41€233€233▲
Other amounts receivable41€233€233▲
Cash at bank and in hand54/58€258€542▲
Equity and liabilities
Total equity and liabilities10/49€8k€6k▼
Equity10/15€-11k€-13k▼
Contributions10/11€2k€2k=
Reserves13€250€250=
Non-distributable reserves130/1€250€250=
Other1319€250€250=
Profit (loss) carried forward14€-13k€-16k▼
Amounts payable17/49€20k€20k▲
Amounts payable within one year42/48€20k€20k▲
Trade debts44€553€13▼
Suppliers440/4€553€13▼
Taxes, remuneration and social security45€4k€4k▼
Taxes450/3€4k€4k▼
Other amounts payable47/48€15k€16k▲
Income statement
Code20232024
Turnover70€0€1k▲
Non-recurring operating income76A€0-
Goods, raw materials, services and sundry goods60/61€5k€1k▼
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Other operating charges640/8€180€184▲
Non-recurring operating charges66A€0-
Gross operating margin9900€-5k€-80▲
Operating profit (loss)9901€-7k€-2k▲
Financial income75/76B-€540
Recurring financial income75-€540
Non-recurring financial income76B-€540
Financial charges65/66B€351€177▼
Recurring financial charges65€149€127▼
Non-recurring financial charges66B€202€50▼
Profit (loss) for the period before taxes9903€-7k€-2k▲
Profit (loss) for the period9904€-7k€-2k▲
Profit (loss) for the period to be appropriated9905€-7k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€-16k▼
Profit (loss) brought forward from the previous period14P€-6k€-13k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €52k | - | - | €0 | €1k | - |
| Non-recurring operating income76A | - | - | €3k | €0 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €9k | €5k | €1k | ▼ 70.5% |
| Remuneration, social security and pensions62 | - | €269 | €269 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €108 | €4k | €4k | €2k | €2k | = |
| Other operating charges640/8 | - | €92 | €1k | €180 | €184 | ▲ 2.1% |
| Non-recurring operating charges66A | - | - | €3k | €0 | - | - |
| Gross operating margin9900 | €26k | €7k | €-6k | €-5k | €-80 | ▲ 98.3% |
| Operating profit (loss)9901 | €26k | €3k | €-14k | €-7k | €-2k | ▲ 65.0% |
| Financial income75/76B | - | - | - | - | €540 | - |
| Recurring financial income75 | - | - | - | - | €540 | - |
| Non-recurring financial income76B | - | - | - | - | €540 | - |
| Financial charges65/66B | - | €76 | €265 | €351 | €177 | ▼ 49.6% |
| Recurring financial charges65 | €0 | €76 | €265 | €149 | €127 | ▼ 14.9% |
| Non-recurring financial charges66B | - | €76 | - | €202 | €50 | ▼ 75.2% |
| Profit (loss) for the period before taxes9903 | €26k | €3k | €-15k | €-7k | €-2k | ▲ 71.6% |
| Income taxes67/77 | €3k | - | €2k | - | - | - |
| Profit (loss) for the period9904 | €23k | €3k | €-17k | €-7k | €-2k | ▲ 71.6% |
| Profit (loss) for the period to be appropriated9905 | €23k | €3k | €-17k | €-7k | €-2k | ▲ 71.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €28k | €22k | €10k | €8k | €6k | ▼ 23.4% |
| Fixed assets21/28 | €11k | €13k | €10k | €8k | €5k | ▼ 28.6% |
| Tangible fixed assets22/27 | €11k | €13k | €10k | €8k | €5k | ▼ 28.6% |
| Plant, machinery and equipment23 | - | €4k | €3k | €3k | €3k | = |
| Furniture and vehicles24 | - | €9k | €7k | €5k | €3k | ▼ 46.5% |
| Current assets29/58 | €16k | €9k | €313 | €491 | €775 | ▲ 57.9% |
| Amounts receivable within one year40/41 | €5k | €9k | €293 | €233 | €233 | ▲ 0.1% |
| Other amounts receivable41 | - | €9k | €293 | €233 | €233 | ▲ 0.1% |
| Current investments50/53 | €11k | - | - | - | - | - |
| Cash at bank and in hand54/58 | - | €327 | €20 | €258 | €542 | ▲ 110% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €28k | €22k | €10k | €8k | €6k | ▼ 23.4% |
| Equity10/15 | €10k | €13k | €-4k | €-11k | €-13k | ▼ 18.3% |
| Contributions10/11 | - | €2k | €2k | €2k | €2k | = |
| Capital10 | - | €2k | - | - | - | - |
| Issued capital100 | - | €2k | - | - | - | - |
| Reserves13 | - | €250 | €250 | €250 | €250 | = |
| Non-distributable reserves130/1 | - | €250 | €250 | €250 | €250 | = |
| Legal reserve130 | - | €250 | - | - | - | - |
| Other1319 | - | - | €250 | €250 | €250 | = |
| Profit (loss) carried forward14 | €8k | €11k | €-6k | €-13k | €-16k | ▼ 15.5% |
| Amounts payable17/49 | €18k | €9k | €14k | €20k | €20k | ▲ 0.9% |
| Amounts payable within one year42/48 | €18k | €9k | €14k | €20k | €20k | ▲ 0.9% |
| Trade debts44 | - | €2k | €540 | €553 | €13 | ▼ 97.7% |
| Suppliers440/4 | - | €2k | €540 | €553 | €13 | ▼ 97.7% |
| Taxes, remuneration and social security45 | - | €7k | €5k | €4k | €4k | ▼ 6.6% |
| Taxes450/3 | - | €7k | €5k | €4k | €4k | ▼ 6.6% |
| Other amounts payable47/48 | - | - | €9k | €15k | €16k | ▲ 6.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23k | €3k | €-17k | €-7k | €-2k | ▲ 71.6% |
| + Depreciation and write-downs630 | €108 | €4k | €4k | €2k | €2k | = |
| Operating cash flow (approximation) | €23k | €7k | €-13k | €-5k | €100 | ▲ 102% |
| Investment in fixed assets (approximation) | - | €-5k | €-1k | €0 | €0 | ▲ 203% |
| Change in cash | - | - | €-307 | €238 | €284 | ▲ 19.3% |
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
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 127 days late
2022
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
10-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 163 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Schaarbeek · 1 establishment unit since 2020
Ground area
237 m²
Building footprint
112 m²
Volume, LiDAR
1,008 m³
Parcel 21906D0342/00R000, Brussels · tallest building 15.3 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Haachtsesteenweg 154, 1030 Schaarbeek
since 20202.301.797.132
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21906D0342/00R000 | Brussels | 237 m² | 1 · 112 m² | 15.3 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.
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Of 4,271 companies in sector 43230 we hold annual accounts for 1,240. 773 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
Founded11-03-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43230Insulation installation
43214Specialised construction activities
43240Other construction installation
43331Floor and wall tiling
43350Other building finishing work
43429Specialised construction activities
Contact
E-mail
G.NAY.CONSTRUCT@GMAIL.COM
Scores and ratios are computed by Checked and are not a credit decision.