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G.V. CONSTRUCTION

Active
Private limited companyfounded 201115 years activeZandstraat 34, 8490 Jabbeke, BelgiumKBO/BCE: BE 0835.427.247
Summary

The annual accounts of G.V. CONSTRUCTION for fiscal year 2025 show a net loss of 54% of the equity at the start of that year. The 2025 annual accounts show equity of €18,519 and a net result of -€40,966. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 15% of 9,039 sector peers (NACE 41, fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.5% (low).

Overview

Activity
General construction of residential buildings
NACE 41001Bricklaying and masonry work NACE 43910
1 site
Size
€350,296total assets 2025
Equity
€18,519
Loss
-€40,966
Turnover not published (abridged schema)
Financial health
53 Fair Checked score 2025
Bankruptcy probability, 12 months
1.5%
Structure
Board
1 member
Accounts 1 day early1 of 5 deeds read
Why 53Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Sector Construction of residential and non-residential buildings (NACE 41)- Loss of €40,966, the second in a row (FY 2025)- Equity €18,519 (5.3% of total assets)+ Size: total assets €350,296Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 17% of its sector peers (NACE 41, micro)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 30-16
equity 5.3% of total assets
Liquidity 37-9
short-term debt 39.0% · cash 3.7%
Profitability 16+16
return on assets -11.7%
Bankruptcy probability, 12 months
1.5% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.5% (13,367 companies)
Last 24 months 11-2024: 0.5%lowest value 12-2024: 0.5%● unchanged vs 11-2024 01-2025: 0.7%▲ +0.2 percentage points vs 12-2024 02-2025: 1.0%▲ +0.3 percentage points vs 01-2025 03-2025: 1.3%▲ +0.3 percentage points vs 02-2025 04-2025: 1.3%● unchanged vs 03-2025 05-2025: 1.3%● unchanged vs 04-2025 06-2025: 1.3%● unchanged vs 05-2025 07-2025: 1.3%● unchanged vs 06-2025 08-2025: 1.3%● unchanged vs 07-2025 09-2025: 1.3%● unchanged vs 08-2025 10-2025: 1.4%▲ +0.1 percentage points vs 09-2025 11-2025: 1.3%▼ -0.1 percentage points vs 10-2025 12-2025: 1.3%● unchanged vs 11-2025 01-2026: 1.6%▲ +0.3 percentage points vs 12-2025 02-2026: 2.1%▲ +0.5 percentage points vs 01-2026highest value 03-2026: 1.4%▼ -0.7 percentage points vs 02-2026 04-2026: 1.4%● unchanged vs 03-2026 05-2026: 1.4%● unchanged vs 04-2026 06-2026: 1.4%● unchanged vs 05-2026 07-2026: 1.4%● unchanged vs 06-2026 08-2026: 1.4%● unchanged vs 07-2026 09-2026: 1.4%● unchanged vs 08-2026 10-2026: 1.5%▲ +0.1 percentage points vs 09-2026
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.66 against 0.8 in 2024; short-term debt: 39% and cash: 3.7% of total assets), and 94.7% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro): better than 15% on solvency, 32% on liquidity, 16% on profitability and 7% on growth.

The bankruptcy probability was computed on 06-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
−lowers risk+raises risk○neutral
raises risk · Sector Construction of residential and non-residential buildings (NACE 41)
KBO
lowers risk · Size: total assets €350,296
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Loss of €40,966, the second in a row (FY 2025)
NBB · annual accounts
raises risk · Equity €18,519 (5.3% of total assets)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€40,966
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 9039 sector peers (2025).
NBB · sector comparison
Position among 9039 sector peers
Solvency
better than 15%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
1 day early
2024
3 days late
2023
8 days early
2022
47 days early
2021
25 days early
2020
47 days early
2019
10 days 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 19 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 23 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close07-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Appointments: VANNESTE Geert Michel, Vanneste Geert…Resignations: Vanneste Geert (manager) and…
  2. Annual accounts filedfiscal year 2025 · micro…
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Caution: Equity fell in 2025from €75,376 to €18,519 ▼ 75.4% View
  • Caution: Among the weakest 5% on net resultsector median €8,450 · 9,031 companies -€40,966 View
  • New directorslatest change 09-03-2026 · 1 in office 3 joined View
  • Caution: 2 loss-making years in a rowloss fiscal year 2025 -€40,966 View

By topic

Financials

Fiscal year
2025
Total assets
€350,296
Loss
-€40,966
Solvency
5.3%
Total assets▼ 3.0%
Net result
20192025
Go to Financials

Timeline

Events
14
Since
2016
Next accounts
by 31-01-2027
  1. 30-06-2024Weakest financial year
  2. 23-01-2024Annual accounts filed
  3. 15-12-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
General construction of residential buildingsNACE 41001
Founded
07-04-2011
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
30
Who signs
Each director alone
Annual meeting
First Saturday of December at 16:00
Go to Articles of association

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