GABATI
ActiveSummary
GABATI has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €77,373 and a net result of €34,280. Equity is growing by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 52% of 2213 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+52
Solvency64▲+12
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity tight (current ratio 1.49 against 1.03 in 2024; short-term debt: 47.7% and cash: 44.8% of total assets), and 60.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
39.3%
Return on assets
17.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
24 d early
2023
29 d late
2022
59 d late
2021
31 d late
2020
87 d late
2019
27 d late
← 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 27 days after 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€77,373▲ 79.5%
2024 · €43,093
Total assets
€196,917▲ 22.8%
2024 · €160,318
Net result
€34,280
2024 · -€19,304
Working capital
€45,596▲ 1,649%
2024 · €2,607
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€21,242€47,962€5,533▼ 88.5%-€16,242€42,894
Net result-€21,915below the sector's middle half€40,789above the sector's middle half€34within the sector's middle half▼ 99.9%-€19,304below the sector's middle half€34,280within the sector's middle half
Equity€21,574within the sector's middle half▼ 50.4%€62,363within the sector's middle half▲ 189%€62,397within the sector's middle half▲ 0.1%€43,093within the sector's middle half▼ 30.9%€77,373within the sector's middle half▲ 79.5%
Total assets€153,417within the sector's middle half▲ 23.2%€163,703within the sector's middle half▲ 6.7%€152,024within the sector's middle half▼ 7.1%€160,318within the sector's middle half▲ 5.5%€196,917below the sector's middle half▲ 22.8%
Debt€131,843▲ 62.7%€101,340▼ 23.1%€89,627▼ 11.6%€117,225▲ 30.8%€119,544▲ 2.0%
Working capital€11,029▼ 67.5%€104,605▲ 848%€39,758▼ 62.0%€2,607▼ 93.4%€45,596▲ 1,649%
Solvency14.1%below the sector's middle half▼ 20.9pp38.1%within the sector's middle half▲ 24.0pp41.0%within the sector's middle half▲ 2.9pp26.9%within the sector's middle half▼ 14.2pp39.3%within the sector's middle half▲ 12.4pp
Staff (FTE)8.2▲ 13.9%8.2=9.8▲ 19.5%7.3▼ 25.5%8.7above the sector's middle half▲ 19.2%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €42,894 after a loss of €16,242 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €196,917
Fixed assets
€57,419 ▼ 30.0%
Current assets
€139,498 ▲ 78.2%
Equity and liabilities €196,917
Equity
€77,373 ▲ 79.5%
Debt
€119,544 ▲ 2.0%
Debt's share of the balance-sheet total falls from 73.1% to 60.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€69,324▲
2024 · €13,151
Cash flow
€60,710▲
2024 · €10,089
Current ratio
1.49▲
2024 · 1.03
Debt to equity
1.55▼
2024 · 2.72
ROE
44.3%▲
2024 · -44.8%
ROA
17.4%▲
2024 · -12.0%
Interest coverage
29.61▲
2024 · 4.28
Debt ≤ 1 year
€93,902▲
2024 · €75,662
Debt > 1 year
€25,642▼
2024 · €41,563
Income taxes
€7,069
Staff costs
€454,754▲
2024 · €357,286
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,324 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €309,427 | €369,946 | €362,263 | €357,286 | €454,754 | ▲ 27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,391 | €12,761 | €21,491 | €29,393 | €26,431 | ▼ 10.1% |
| Other operating charges640/8 | €2,762 | €4,777 | €11,377 | €3,475 | €2,736 | ▼ 21.3% |
| Gross operating margin9900 | €302,338 | €435,445 | €400,664 | €373,912 | €526,814 | ▲ 40.9% |
| Operating profit (loss)9901 | -€21,242 | €47,962 | €5,533 | -€16,242 | €42,894 | ▲ 364% |
| Financial income75/76B | €725 | €128 | €116 | €13 | €797 | ▲ 6,100% |
| Recurring financial income75 | €725 | €128 | €116 | €13 | €797 | ▲ 6,100% |
| Financial charges65/66B | €1,191 | €2,642 | €2,428 | €3,075 | €2,342 | ▼ 23.8% |
| Recurring financial charges65 | €1,191 | €769 | €2,428 | €3,075 | €2,342 | ▼ 23.8% |
| Non-recurring financial charges66B | - | €1,874 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€21,708 | €45,448 | €3,221 | -€19,304 | €41,349 | ▲ 314% |
| Income taxes67/77 | €207 | €4,659 | €3,187 | - | €7,069 | - |
| Profit (loss) for the period9904 | -€21,915 | €40,789 | €34 | -€19,304 | €34,280 | ▲ 278% |
| Profit (loss) for the period to be appropriated9905 | -€21,915 | €40,789 | €34 | -€19,304 | €34,280 | ▲ 278% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €153,417 | €163,703 | €152,024 | €160,318 | €196,917 | ▲ 22.8% |
| Fixed assets21/28 | €31,265 | €18,505 | €72,875 | €82,048 | €57,419 | ▼ 30.0% |
| Tangible fixed assets22/27 | €31,265 | €18,505 | €72,875 | €82,048 | €57,419 | ▼ 30.0% |
| Furniture and vehicles24 | €31,265 | €18,505 | €72,875 | €82,048 | €57,419 | ▼ 30.0% |
| Current assets29/58 | €122,152 | €145,198 | €79,149 | €78,270 | €139,498 | ▲ 78.2% |
| Amounts receivable within one year40/41 | €43,093 | €19,772 | €44,772 | €11,398 | €15,462 | ▲ 35.7% |
| Trade receivables40 | €42,139 | €19,772 | €21,057 | €8,483 | €5,577 | ▼ 34.2% |
| Other amounts receivable41 | €954 | - | €23,715 | €2,915 | €9,884 | ▲ 239% |
| Cash at bank and in hand54/58 | €48,190 | €116,322 | €33,374 | €27,087 | €88,298 | ▲ 226% |
| Deferred charges and accrued income490/1 | €30,868 | €9,105 | €1,003 | €39,785 | €35,739 | ▼ 10.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €153,417 | €163,703 | €152,024 | €160,318 | €196,917 | ▲ 22.8% |
| Equity10/15 | €21,574 | €62,363 | €62,397 | €43,093 | €77,373 | ▲ 79.5% |
| Contributions10/11 | €62,000 | €62,000 | €68,200 | €68,200 | €68,200 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Outside capital11 | - | - | €6,200 | €6,200 | €6,200 | = |
| Other1109/19 | - | - | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €6,200 | €6,200 | - | - | - | - |
| Non-distributable reserves130/1 | €6,200 | €6,200 | - | - | - | - |
| Legal reserve130 | €6,200 | €6,200 | - | - | - | - |
| Profit (loss) carried forward14 | -€46,626 | -€5,837 | -€5,803 | -€25,107 | €9,173 | ▲ 137% |
| Amounts payable17/49 | €131,843 | €101,340 | €89,627 | €117,225 | €119,544 | ▲ 2.0% |
| Amounts payable after more than one year17 | €20,721 | €12,018 | €50,236 | €41,563 | €25,642 | ▼ 38.3% |
| Financial debts170/4 | €20,721 | €12,018 | €50,236 | €41,563 | €25,642 | ▼ 38.3% |
| Amounts payable within one year42/48 | €111,123 | €40,594 | €39,391 | €75,662 | €93,902 | ▲ 24.1% |
| Current portion of amounts payable after more than one year42 | €12,286 | €8,304 | €6,599 | €20,907 | €18,306 | ▼ 12.4% |
| Trade debts44 | €37,692 | €2,440 | €11,644 | €24,947 | €45,746 | ▲ 83.4% |
| Suppliers440/4 | €37,692 | €2,440 | €11,644 | €24,947 | €45,746 | ▲ 83.4% |
| Advances received on contracts in progress46 | €39,241 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €8,534 | €14,065 | €3,187 | - | €0 | - |
| Taxes450/3 | €207 | €4,808 | €3,187 | - | €0 | - |
| Remuneration and social security454/9 | €8,327 | €9,257 | - | - | - | - |
| Other amounts payable47/48 | €13,369 | €15,785 | €17,961 | €29,809 | €29,850 | ▲ 0.1% |
| Accrued charges and deferred income492/3 | - | €48,728 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,915 | €40,789 | €34 | -€19,304 | €34,280 | ▲ 278% |
| + Depreciation and write-downs630 | €11,391 | €12,761 | €21,491 | €29,393 | €26,431 | ▼ 10.1% |
| Operating cash flow (approximation) | -€10,524 | €53,550 | €21,526 | €10,089 | €60,710 | ▲ 502% |
| Investment in fixed assets (approximation) | - | €0 | -€75,862 | -€38,566 | -€1,801 | ▲ 95.3% |
| Change in cash | - | €68,131 | -€82,948 | -€6,286 | €61,211 | ▲ 1,074% |
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
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €34,280
Net result €34,280 after one loss-making year.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
31-12
Financial
Back to profitnet €40,789
Net result €40,789 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 3.58
Current ratio from 1.10 to 3.58; short-term debt falls from €111,123 to €40,594.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
2020
31-12
Financial
Back to profitnet €12,621
Net result €12,621 after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
31-12
Financial
Weakest financial yearnet -€48,462
Net result drops to -€48,462, the lowest in the series; recovery starts the following year.
Show earlier events
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
10-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 41 days late
2017
12-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 43 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Elsene · 1 establishment unit since 2003
Ground area
188 m²
Building footprint
87 m²
Volume, LiDAR
814 m³
Parcel 21442A0143/00Z009, Brussels · tallest building 16.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Gabati
since 20032.133.629.222
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21442A0143/00Z009 | Brussels | 188 m² | 1 · 87 m² | 16.6 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.
Similar companies · same sector, comparable size
ALGEMENE AANNEMINGEN WICKE JEROEN
BE 0462.362.970
Ieper · Eq €77,364
Clean Protect & Renove
BE 0788.725.311
Wemmel · Eq €77,382
LMC Total Project
BE 0791.712.317
Destelbergen · Eq €77,388
Platteau Projects
BE 0794.744.358
Evergem · Eq €77,402
MATHOM BUILD
BE 0797.205.386
Heist-op-den-Berg · Eq €77,414
Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 13,202 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded12-09-2003
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0860466313
Also
9925:BE0860466313
Registered
03-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.