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G&Y

Active
Private limited company·Algemene bouw van residentiële gebouwen· 10 yrs active
Place Reine-Astrid 13-14 ·5500 Dinant, Belgium
Open bankruptcy
KBO/BCE: BE 0641.843.654
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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.

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Age10 yrs
Staff (FTE)0.7
Connections3
Real estate1 parcel · 1,615 m²

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for G&Y according to publications in the Belgian State Gazette. The 2024 annual accounts show equity of €61k and a net result of €-2k.

Based on the State Gazette, CBE and 7 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Insolvency timeline

1 events
02-03-2026
Bankruptcy Opening
Date: 24-02-2026 · Ondernemingsrechtbank Brussel · G&Y BV KONINGSPLEIN 24/26, 1640 SINT-GENESIUS-RODE · Publications in State Gazette ↗

Signals

1 signal · with evidence
Persistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Deadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 12 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
How we compute the deadline
The year end is derived from 9 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 30-09-2025 61 d late 2025-00514205
31-12-2023 31-07-2024 26-09-2024 57 d late 2024-00472516
31-12-2022 31-07-2023 01-09-2023 32 d late 2023-00439150
31-12-2021 31-07-2022 09-08-2022 9 d late 2022-20278122
31-12-2020 31-07-2021 31-08-2021 31 d late 2021-58300559
31-12-2019 31-07-2020 18-09-2020 49 d late 2020-53700383
31-12-2018 31-07-2019 30-08-2019 30 d late 2019-55300429
31-12-2017 31-07-2018 26-07-2018 5 d early 2018-38800393
31-12-2016 31-07-2017 03-07-2017 28 d early 2017-26200242

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-2k+65.7%
Working capital€157k+94.7%
Directors1

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 30-09-2025 with the NBB · fiscal year 2024 · volledig
€-10k€0€10k€20kOperating result 2020: €-805€-805Net result 2020: €-800€-800Operating result 2021: €-4k€-4kNet result 2021: €-4k€-4kOperating result 2022: €24k€24kNet result 2022: €24k€24kOperating result 2023: €-6k€-6kNet result 2023: €-6k€-6kOperating result 2024: €-2k€-2kNet result 2024: €-2k€-2k20202021202220232024
Operating resultNet result
Sector comparison
Fiscal year 2024 · NACE 41, Construction of buildings · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency 11.9% 24.8%
better than 34% of 220 sector peers
Net result €-2k €12k
better than 26% of 220 sector peers
Equity €61k €55k
better than 52% of 220 sector peers
Gross operating margin €106k €43k
better than 63% of 193 sector peers
Staff costs €48k €107k
higher than 40% of 112 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P34
2020: P88 · n=1072021: P91 · n=1272022: P31 · n=1722023: P30 · n=2042024: P34 · n=2202020 2024
Weakening position over 2020-2024 · n=107-220
Net result P26
2020: P32 · n=1072021: P24 · n=1272022: P58 · n=1712023: P19 · n=2032024: P26 · n=2202020 2024
Stable position over 2020-2024 · n=107-220
Equity P52
2020: P29 · n=1072021: P42 · n=1272022: P54 · n=1722023: P54 · n=2042024: P52 · n=2202020 2024
Improving position over 2020-2024 · n=107-220
Gross operating margin P63
2020: P11 · n=862021: P5 · n=1042022: P38 · n=1502023: P67 · n=1782024: P63 · n=1932020 2024
Improving position over 2020-2024 · n=86-193
Describes the position versus peers, not a forecast.
EBITDA
€58k
+143.2% 18-24
Net profit
€-2k
+65.7% 18-24
Cash flow
€58k
+143.4% 18-24
Total assets
€509k
+6.6% 18-24
Equity
€61k
-3.4% 18-24
Working capital
€157k
+94.7% 18-24
Employees (FTE)
1
- 18-24
Staff costs
€48k
-44.6% 18-24
Income taxes
€22
- 18-24
Debt
€448k
+8.1% 18-24
Debt ≤ 1y
€261k
+6.1% 18-24
Debt > 1y
€185k
+9.8% 18-24
Current ratio
1.60
+20.7% 18-24
Quick ratio
1.60
+20.7% 18-24
Solvency
11.9%
-9.4% 18-24
Debt / equity
7.39
+12.0% 18-24
ROE
-3.6%
+64.5% 18-24
ROA
-0.4%
+67.9% 18-24
Interest coverage
1182.36
+96.0% 18-24
Figures by fiscal year
Fiscal year2024
Depositvolledig
Revenue-
EBITDA€58k
Net profit€-2k
Cash flow€58k
Staff costs€48k
Income taxes-
Dividends-
Total assets€509k
Equity€61k
Debt€448k
of which ≤ 1y€261k
of which > 1y€185k
Working capital€157k
Employees (FTE)0.7
Ratios (computed)
2024
Current ratio1.60
Quick ratio1.60
Working capital ratio30.9%
Solvency11.9%
Debt / equity7.39
Long-term debt ratio3.05
Interest coverage1182.36
Gross margin-
Net margin-
ROA-0.4%
ROE-3.6%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€509k
Fixed assets 21/28€90k
Intangible fixed assets 21€90k
Tangible fixed assets 22/27€0
Financial fixed assets 28€363
Current assets 29/58€418k
Amounts receivable within one year 40/41€414k
Cash & bank 54/58€4k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€509k
Equity 10/15€61k
Contributions / capital 10/11€50k
Accumulated profits (losses) 14€11k
Amounts payable 17/49€448k
Amounts payable after one year 17€185k
Amounts payable within one year 42/48€261k
Trade debts payable within one year 44€42k
Income statement
Gross operating margin 9900€106k
Operating result 9901€-2k
Financial income 75€0
Financial charges 65€49
Result before taxes 9903€-2k
Net result for the period 9904€-2k
Result to be appropriated 9905€-2k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
0 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Directors

Directors & mandates

3 directors
Historic, not recently confirmed (1)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
  • ADVANCE MANAGEMENT SALegal entity
    Managing director· perm. rep.: PETIT Gilles
    State Gazette act 17140164 (04-10-2017)
    Not recently confirmed
    last confirmed in an act from 2017
Former directors (2)
  • DECORTE Keny
    Director
    State Gazette act 24074109 (13-05-2024)
    Former
    03-01-2024 → 31-08-2025
    2 events
    • 31-08-2025 Resigned· Director
    • 03-01-2024 Appointed· Director
  • IMMOMUST S.A.Legal entity
    Managing director· perm. rep.: MERLI Yvo
    State Gazette act 17140164 (04-10-2017)
    Former
    - → 01-08-2017
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

1 mandate
Role Name Tenure Source
Curator Jos MOMBAERS
LAKENSESTRAAT 154 B11, 1000 BRUSSEL 1
 24-02-2026 → present Belgian State Gazette

Legal Structure

NACE primary Algemene bouw van residentiële gebouwen(41001)
Legal form Private limited company(610)
Incorporation23-10-2015
StatusActive
Postal code5500
First BS signal 02-03-2026
Latest BS signal 02-03-2026

Structure & network

Connections & network

3 connected companies
ASSET MANAGEMENT GROUP, Shared address AMASSETMANAGEME…GROUPTHE ROYAL COMPANY, Shared address · open bankruptcy TRTHE ROYALCOMPANYURBAN QUARRY ESTATES, Shared address UQURBAN QUARRYESTATESG&Y G&Y0641.843.654
Shared address / shareholderOpen bankruptcy
Network connections
→
THE ROYAL COMPANY
Shared address
→
URBAN QUARRY ESTATES
Shared address
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Ownership & control

No ownership or control structure found in the sources.

For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.

1 court or liquidation mandate is on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.

Locations & real estate

Registered office

from the Crossroads Bank
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.

Place Reine-Astrid 13-145500 Dinant

Establishment units

1 location
G&Y
Rue Valère Mabille(MLZ) 67, 7140 MorlanwelzAlgemene bouw van residentiële gebouwen
since 20152.248.960.242
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1,615 m²

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
56057A0079/00Y000 Wallonia 1,615 m² - -
Methodology
via establishment units: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

1 event from the State Gazette
02-03-2026
Bankruptcy Opening
Date: 24-02-2026 · Ondernemingsrechtbank Brussel · G&Y BV KONINGSPLEIN 24/26, 1640 SINT-GENESIUS-RODE · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262026-03-02 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event

Belgisch Staatsblad · acts

7 acts
Address history · 1
06-11-2025
v3.2
All acts · 7 updated 6 months ago
2026
20-01-2026 DECORTE Keny resigns as director Director changes
  • DECORTE Keny, Bestuurder
Summary: v3.2
2025
18-11-2025 Articles of association amended Statutes amendment
Summary: v3.2
06-11-2025 Registered office moved from Sint-Genesius-Rode to Dinant Registered-office change
  • Koningsplein 24, 1640 Sint-Genesius-Rode → Place Reine Astrid 13, 5500 Dinant
Summary: v3.2
2024
13-05-2024 DECORTE Keny appointed as director Director changes
  • DECORTE Keny, Bestuurder
Summary: v3.2
22-03-2024 Articles of association amended Statutes amendment
Summary: v3.2
2017
04-10-2017 1 director appointed, 1 resigning Director changes
  • PETIT Gilles, Gedelegeerd bestuurder
  • MERLI Yvo, Gedelegeerd bestuurder
Summary: v3.2
2015
27-10-2015 Incorporation of a new SNC Incorporation
Summary: oprichting

Analysis

Snowflake analysis

financial profile on 5 axes
Health0Profitability0Solvency33Growth78Stability0
22 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 0
Solvency 33
Growth 78
Stability 0

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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 5,321 of the 29,561 companies in this sector. 4,606 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Algemene bouw van residentiële gebouwen41001Algemene bouw van residentiële gebouwen41201
Primary activity highlighted.
Names & trade names
Legal nameFR G&Y
Registered office
Place Reine-Astrid 13-14
5500 Dinant, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.