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.
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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)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Hiring this company for building work? Recognition, activities and what to check first.Contractor check Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2024, micro schema
Turnover
€1k
2023 · €0
EBIT margin
-189.8%▼ 239.5pp
2020 · 49.7%
Net result
€-2k▲ 71.6%
2023 · €-7k
Working capital
€-19k▲ 0.5%
2023 · €-19k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€52k-€0€1k
Operating result€26k-€3k▼ 88.0%€-14k€-7k▲ 51.6%€-2k▲ 65.0%
Net result€23k-€3k▼ 86.9%€-17k€-7k▲ 56.7%€-2k▲ 71.6%
EBIT margin49.7%--189.8%
Equity€10k-€13k▲ 30.5%€-4k€-11k▼ 182%€-13k▼ 18.3%
Total assets€28k-€22k▼ 19.3%€10k▼ 54.4%€8k▼ 19.8%€6k▼ 23.4%
Debt€18k-€9k▼ 47.2%€14k▲ 51.9%€20k▲ 37.7%€20k▲ 0.9%
Working capital€-1k-€129€-14k€-19k▼ 37.3%€-19k▲ 0.5%
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 ≤ 1 year
€20k▲
2023 · €20k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| 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 4,270 companies in sector 43230 we hold annual accounts for 1,239. 772 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.