GABCOM
ActiveSummary
The computed 12-month bankruptcy probability of GABCOM is 2.2% (moderate). The 2024 annual accounts show negative equity (-€28,279) and a net result of -€26,360. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 7% of 36377 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-72
Solvency7▼-17
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.16 against 1.42 in 2023; short-term debt: 73.4% and cash: 1% 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 · 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 · 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
-17.5%
Return on assets
-16.3%
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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€28,279
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 29-07-2025, 2 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
2 d early
2023
5 d early
2022
14 d early
2021
19 d late
2020
30 d late
2019
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 9 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€28,279▼ 1,374%
2023 · -€1,919
Total assets
€161,356▲ 3.0%
2023 · €156,683
Net result
-€26,360
2023 · €4,566
Working capital
€19,545▼ 46.2%
2023 · €36,341
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
Operating result€1,132▼ 30.5%€1,332▲ 17.7%€2,619▲ 96.7%€7,238▲ 176%-€26,038
Net result€893▼ 13.3%€970▲ 8.7%€2,007▲ 107%€4,566▲ 128%-€26,360
Equity-€9,462▲ 8.6%-€8,492▲ 10.3%-€6,485▲ 23.6%-€1,919▲ 70.4%-€28,279▼ 1,374%
Total assets€304,525▲ 56.8%€308,008▲ 1.1%€227,115▼ 26.3%€156,683▼ 31.0%€161,356▲ 3.0%
Debt€313,987▲ 53.5%€316,500▲ 0.8%€233,599▼ 26.2%€158,601▼ 32.1%€189,635▲ 19.6%
Working capital€634€10,930▲ 1,624%€19,218▲ 75.8%€36,341▲ 89.1%€19,545▼ 46.2%
Staff (FTE)11=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €26,038 after €7,238 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €161,356
Fixed assets
€23,326 ▼ 29.1%
Current assets
€138,030 ▲ 11.5%
Key figures and ratios
EBITDA
-€16,475▼
2023 · €21,916
Cash flow
-€16,797▼
2023 · €19,244
Solvency
-17.5%▼
2023 · -1.2%
Current ratio
1.16▼
2023 · 1.42
Quick ratio
0.94▲
2023 · 0.67
Debt to equity
-6.71▲
2023 · -82.67
ROA
-16.3%▼
2023 · 2.9%
Interest coverage
-150.47▼
2023 · 63.38
Debt ≤ 1 year
€118,485▲
2023 · €87,451
Debt > 1 year
€71,150=
2023 · €71,150
Income taxes
€212▼
2023 · €2,338
Staff costs
€20,604▲
2023 · €20,460
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €14,773 | €18,419 | €20,460 | €20,604 | ▲ 0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,163 | €13,774 | €10,328 | €14,678 | €9,564 | ▼ 34.8% |
| Other operating charges640/8 | - | €503 | €638 | €609 | €3,889 | ▲ 538% |
| Gross operating margin9900 | €30,062 | €30,382 | €32,005 | €42,985 | €8,018 | ▼ 81.3% |
| Operating profit (loss)9901 | €1,132 | €1,332 | €2,619 | €7,238 | -€26,038 | ▼ 460% |
| Financial income75/76B | - | - | - | €12 | - | - |
| Recurring financial income75 | - | - | - | €12 | - | - |
| Financial charges65/66B | - | €48 | €136 | €346 | €109 | ▼ 68.3% |
| Recurring financial charges65 | €39 | €48 | €136 | €346 | €109 | ▼ 68.3% |
| Profit (loss) for the period before taxes9903 | €1,093 | €1,284 | €2,484 | €6,904 | -€26,148 | ▼ 479% |
| Income taxes67/77 | €200 | €313 | €477 | €2,338 | €212 | ▼ 90.9% |
| Profit (loss) for the period9904 | €893 | €970 | €2,007 | €4,566 | -€26,360 | ▼ 677% |
| Profit (loss) for the period to be appropriated9905 | €893 | €970 | €2,007 | €4,566 | -€26,360 | ▼ 677% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €304,525 | €308,008 | €227,115 | €156,683 | €161,356 | ▲ 3.0% |
| Fixed assets21/28 | €61,054 | €51,729 | €45,447 | €32,890 | €23,326 | ▼ 29.1% |
| Tangible fixed assets22/27 | €61,054 | €51,729 | €45,447 | €32,890 | €23,326 | ▼ 29.1% |
| Land and buildings22 | - | €2,125 | €1,771 | €1,417 | €1,063 | ▼ 25.0% |
| Plant, machinery and equipment23 | - | €663 | €1,235 | €2,555 | €1,754 | ▼ 31.4% |
| Furniture and vehicles24 | - | €48,941 | €42,441 | €28,919 | €20,510 | ▼ 29.1% |
| Current assets29/58 | €243,470 | €256,279 | €181,667 | €123,792 | €138,030 | ▲ 11.5% |
| Stocks and contracts in progress3 | €175,333 | €165,865 | €100,199 | €65,123 | €27,201 | ▼ 58.2% |
| Stocks30/36 | - | €165,865 | €100,199 | €65,123 | €27,201 | ▼ 58.2% |
| Amounts receivable within one year40/41 | €61,587 | €88,525 | €79,702 | €55,971 | €108,415 | ▲ 93.7% |
| Trade receivables40 | - | €82,544 | €79,609 | €51,991 | €108,325 | ▲ 108% |
| Other amounts receivable41 | - | €5,981 | €92 | €3,980 | €90 | ▼ 97.7% |
| Cash at bank and in hand54/58 | €5,069 | €455 | €835 | €592 | €1,645 | ▲ 178% |
| Deferred charges and accrued income490/1 | - | €1,435 | €932 | €2,107 | €769 | ▼ 63.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €304,525 | €308,008 | €227,115 | €156,683 | €161,356 | ▲ 3.0% |
| Equity10/15 | -€9,462 | -€8,492 | -€6,485 | -€1,919 | -€28,279 | ▼ 1,374% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,029 | €2,000 | €4,006 | €4,006 | €4,006 | = |
| Distributable reserves133 | - | €2,000 | €4,006 | €4,006 | €4,006 | = |
| Profit (loss) carried forward14 | -€22,891 | -€22,891 | -€22,891 | -€18,325 | -€44,685 | ▼ 144% |
| Amounts payable17/49 | €313,987 | €316,500 | €233,599 | €158,601 | €189,635 | ▲ 19.6% |
| Amounts payable after more than one year17 | €71,150 | €71,150 | €71,150 | €71,150 | €71,150 | = |
| Financial debts170/4 | - | €71,150 | €71,150 | €71,150 | €71,150 | = |
| Amounts payable within one year42/48 | €242,837 | €245,350 | €162,449 | €87,451 | €118,485 | ▲ 35.5% |
| Trade debts44 | €3,206 | €20,443 | €50,181 | €12,404 | €23,992 | ▲ 93.4% |
| Suppliers440/4 | - | €20,443 | €50,181 | €12,404 | €23,992 | ▲ 93.4% |
| Taxes, remuneration and social security45 | - | €1,606 | €1,634 | €3,760 | €8,693 | ▲ 131% |
| Taxes450/3 | - | €873 | €1,228 | €3,283 | €7,882 | ▲ 140% |
| Remuneration and social security454/9 | - | €733 | €406 | €477 | €811 | ▲ 70.1% |
| Other amounts payable47/48 | - | €223,301 | €110,635 | €71,288 | €85,801 | ▲ 20.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €893 | €970 | €2,007 | €4,566 | -€26,360 | ▼ 677% |
| + Depreciation and write-downs630 | €16,163 | €13,774 | €10,328 | €14,678 | €9,564 | ▼ 34.8% |
| Operating cash flow (approximation) | €17,056 | €14,744 | €12,335 | €19,244 | -€16,797 | ▼ 187% |
| Investment in fixed assets (approximation) | - | -€4,448 | -€4,047 | -€2,121 | €0 | ▲ 100% |
| Change in cash | - | -€4,614 | €380 | -€243 | €1,054 | ▲ 534% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€26,360
Net result drops to -€26,360, the lowest in the series.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €4,566 ▲128%
Operating result €7,238, net result €4,566, both a record.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
31-12
Financial
Back to profitnet €1,029
Net result €1,029 after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Waimes · 1 establishment unit since 2018
Ground area
6,516 m²
Building footprint
800 m²
Volume, LiDAR
880 m³
2 parcels, Wallonia · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Difflot 4, 4960 Malmedy
since 20182.272.849.758
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63080M0002/00E012 | Wallonia | 6,357 m² | 1 · 670 m² | - |
| 63502G0207/00B000 | Wallonia | 159 m² | 1 · 130 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector and region
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 11,137 companies in sector 43910 we hold annual accounts for 5,491. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43910Bricklaying and masonry work
70200Business and other management consultancy
43350Other building finishing work
68110Buying and selling of own real estate
77110Renting and leasing of cars and light motor vehicles
81300Landscape service activities
Scores and ratios are computed by Checked and are not a credit decision.