GABCOM
ActiveSummary
The computed 12-month bankruptcy probability of GABCOM is 5.0% (elevated). The 2024 annual accounts show negative equity (-€28,279) and a net result of -€26,360. Equity has been growing by about 10% per year since 2018. Its solvency ranks better than 7% of 35,966 sector peers (NACE 43, financial year 2024). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 29-01-2018 Normal situation
- Activity
- Bricklaying and masonry work NACE 43910and 4 others
- Establishment unit
- 2.272.849.758 4960 Malmedy, since 10-02-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 30-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 5.0%
- Gross margin
- €8,018
- ▼ 81.3%
- Turnover
- ≈ €110,000
- estimated
- Loss
- €26,360
- Equity
- -€28,279
- ▼ 1,374%
- Total assets
- €161,356
- ▲ 3.0%
- Staff
- 1 FTE
- =
- Negative equity on 31-12-2024
- 2025 accounts not filed, 96 days past the deadline
Score breakdownraises riskFigures for financial year 2024 (filed on 30-07-2025)Loss of €26,360 (financial year 2024)1 financial year not filed after the legal deadlinelowers riskSize: total assets €161,356Show the evidence
Checked score
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 43, micro). It does better than 6% of them on solvency, 7% on liquidity, 4% on profitability and 0% on growth.
The bankruptcy probability was computed on 03-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 9 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 4 November 2026.
Annual accounts 2024 filed on 29-07-2025 PDF all 7 filings
Every figure per financial year
The operating result for 2024 is a loss of €26,038, after a profit of €7,238 in 2023. It is the lowest result since 2020.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2023 | 31-12-2024 |
|---|---|---|
| Average over the year, in full-time equivalents | 1 | - |
| On a permanent contract | 1 | 1 |
Source: social balance sheet in the 2023 to 2024 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €22,120 | €30,328 | €4,821 | - |
| Depreciation and write-downs of the year | €13,774 | €10,328 | €14,678 | €9,564 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 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 | €9,457 | €15,351 | €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 | -€13,454 | €34,157 | €30,062 | €30,382 | €32,005 | €42,985 | €8,018 | ▼ 81.3% |
| Operating profit (loss)9901 | -€23,153 | €1,628 | €1,132 | €1,332 | €2,619 | €7,238 | -€26,038 | - |
| Financial income75/76B | - | - | - | - | - | €12 | - | - |
| Recurring financial income75 | €0 | €20 | - | - | - | €12 | - | - |
| Financial charges65/66B | - | - | - | €48 | €136 | €346 | €109 | ▼ 68.3% |
| Recurring financial charges65 | €631 | €396 | €39 | €48 | €136 | €346 | €109 | ▼ 68.3% |
| Profit (loss) for the period before taxes9903 | -€23,784 | €1,251 | €1,093 | €1,284 | €2,484 | €6,904 | -€26,148 | - |
| Income taxes67/77 | - | €222 | €200 | €313 | €477 | €2,338 | €212 | ▼ 90.9% |
| Profit (loss) for the period9904 | -€23,784 | €1,029 | €893 | €970 | €2,007 | €4,566 | -€26,360 | - |
| Profit (loss) for the period to be appropriated9905 | -€23,784 | €1,029 | €893 | €970 | €2,007 | €4,566 | -€26,360 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €68,124 | €194,167 | €304,525 | €308,008 | €227,115 | €156,683 | €161,356 | ▲ 3.0% |
| Fixed assets21/28 | €60,630 | €73,970 | €61,054 | €51,729 | €45,447 | €32,890 | €23,326 | ▼ 29.1% |
| Tangible fixed assets22/27 | €60,630 | €73,970 | €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 | €7,494 | €120,197 | €243,470 | €256,279 | €181,667 | €123,792 | €138,030 | ▲ 11.5% |
| Stocks and contracts in progress3 | - | €92,418 | €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 | €5,157 | €24,607 | €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 | €1,782 | €1,662 | €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 | €68,124 | €194,167 | €304,525 | €308,008 | €227,115 | €156,683 | €161,356 | ▲ 3.0% |
| Equity10/15 | -€11,384 | -€10,355 | -€9,462 | -€8,492 | -€6,485 | -€1,919 | -€28,279 | ▼ 1,374% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | - | €1,029 | €1,029 | €2,000 | €4,006 | €4,006 | €4,006 | = |
| Distributable reserves133 | - | - | - | €2,000 | €4,006 | €4,006 | €4,006 | = |
| Profit (loss) carried forward14 | -€23,784 | -€23,784 | -€22,891 | -€22,891 | -€22,891 | -€18,325 | -€44,685 | ▼ 144% |
| Amounts payable17/49 | €79,508 | €204,522 | €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 | €71,150 | €71,150 | = |
| Financial debts170/4 | - | - | - | €71,150 | €71,150 | €71,150 | €71,150 | = |
| Amounts payable within one year42/48 | €8,358 | €133,372 | €242,837 | €245,350 | €162,449 | €87,451 | €118,485 | ▲ 35.5% |
| Trade debts44 | €3,175 | €1,181 | €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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€23,784 | €1,029 | €893 | €970 | €2,007 | €4,566 | -€26,360 | - |
| + Depreciation and write-downs630 | €9,457 | €15,351 | €16,163 | €13,774 | €10,328 | €14,678 | €9,564 | ▼ 34.8% |
| Operating cash flow (approximation) | -€14,327 | €16,381 | €17,056 | €14,744 | €12,335 | €19,244 | -€16,797 | - |
| Investment in fixed assets (approximation) | - | -€28,691 | -€3,247 | -€4,448 | -€4,047 | -€2,121 | €0 | - |
| Change in cash | - | -€120 | €3,407 | -€4,614 | €380 | -€243 | €1,054 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,008 companies had the same profile as GABCOM has now. Two years later, 83.0% were still going and 7.9% had gone bankrupt.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GABCOM itself: 5.0% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,008 companies, not a prediction for GABCOM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 29-07-2025 | 2025-00332530 | |
| 31-12-2023 | micro format | 26-07-2024 | 2024-00323810 | |
| 31-12-2022 | micro format | 17-07-2023 | 2023-00241570 | |
| 31-12-2021 | micro format | 19-08-2022 | 2022-20307827 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-65100059 | |
| 31-12-2019 | micro format | 26-08-2020 | 2020-44900074 | |
| 31-12-2018 | micro format | 27-08-2019 | 2019-53800464 |
Board & ownership
Directors
Board 1
Day-to-day management 1
Owners and capital
Shareholders
- Gabrielle ROSEN all shares
Capital transactions
- 29-03-2024 Converted to unavailable equity
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Gabrielle ROSEN |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, 6°”
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “9°, assemblée générale délibérant dans les formes prévues pour les modifications aux statuts”
Articles of association, deed of 29-03-2024 (in French)
Network & group
GABCOM shares no director with another company.
Companies at the same address
5 other companiesConnections & network
1 current directorThe network starts from the directors of GABCOM. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
29-03
Gazette deed
Registered office moved to WaimesNew seat: 4950 Waimes, rue du Milan 6 · Change of role: Gabrielle ROSEN, from manager to director · Permanent representative: Gabrielle ROSEN14 points ▸
- General meeting, 25-03-2024, “assemblée générale extraordinaire” (deed in French)
- Other provision, “mise en conformité des statuts au Code des sociétés et des associations, adapter les statuts” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “formes et majorités de la modification des statuts, supprimer le compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “part non libérée de l’ancien compte de capital”, 6200 (deed in French)
- Amendment of the articles
- Kind of shares, “nominatives”, 100 (deed in French)
- Power of attorney
- Director resignation, Gabrielle ROSEN (manager)
- Director appointment, Gabrielle ROSEN (director (not named in the articles))
- Director appointment, Gabrielle ROSEN (daily management delegate)
- Permanent representative, Gabrielle ROSEN
- The act holds 2 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
7 activities
- Commerce de gros et de détail en matériaux de construction,
- Prestation de m-o en tant que manœuvre;
- Marchands de biens immobiliers,
- Activité d'entretien de parcs et jardins;
- Toute opération se rapportant au courtage commercial et immobilier;
- Transport de petits colis;
- Location de véhicules terrestres (autos, motos, camping-car, camionnette et remorque) et aériens;
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0688.997.532
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 63080M0002/00E012 | Wallonia | 6,357 m² | 1 · 670 m² | 6.6 m · 2 |
| 63502G0207/00B000 | Wallonia | 159 m² | 1 · 130 m² | 8.6 m · 2 |