GARCIA CONSTRUCT

Active

Private limited companyfounded 20215 yrs activeGergelstraat 10, 1970 Wezembeek-Oppem, BelgiumKBO/BCE: BE 0764.720.680

The computed 12-month bankruptcy probability of GARCIA CONSTRUCT is 2.3% (moderate). The 2024 annual accounts show equity of €46k and a net result of €6k. Equity is growing by ~16.4% per year across the filed fiscal years. Its solvency ranks better than 61% of 9981 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

49 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability45▼-3

Solvency78▼-1

Growth52=

Track record94

Bankruptcy probability, 12 months

2.3% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days acceptable

Liquidity ample (current ratio 2.07 against 2.03 in 2023; short-term debt: 47.4% and cash: 1.5% of total assets), and 47.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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

Sector 41

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

52.6%

Return on assets

6.6%

Age of the figures

21 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 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.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

70 d late

2023

51 d late

2022

244 d late

2021

57 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€46k▲ 14.3%

2023 · €40k

2021: €26k 2022: €35k 2023: €40k

2021 → 2024

Total assets

€88k▲ 17.7%

2023 · €75k

2021: €55k 2022: €67k 2023: €75k

2021 → 2024

Net result

€6k▲ 12.9%

2023 · €5k

2021: €23k 2022: €9k 2023: €5k

2021 → 2024

Working capital

€45k▲ 26.5%

2023 · €35k

2021: €26k 2022: €26k 2023: €35k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€26k-€35k▲ 34.8%€40k▲ 14.5%€46k▲ 14.3%

Operating result€30k-€16k▼ 47.3%€16k▲ 5.7%€21k▲ 25.9%

Net result€23k-€9k▼ 60.7%€5k▼ 43.9%€6k▲ 12.9%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2022 the operating result has climbed two years in a row; 2024 is 26% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €88k

98.1%

Fixed assets €2k▼ 68.1%

Current assets €86k▲ 24.1%

Equity and liabilities €88k

52.6%

47.4%

Equity €46k▲ 14.3%

Debt €42k▲ 21.6%

The debt ratio rises from 45.9% to 47.4%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€24k▲

2023 · €21k

Cash flow

€9k▼

2023 · €9k

Solvency

52.6%▼

2023 · 54.1%

Current ratio

2.07▲

2023 · 2.03

Quick ratio

2.07▲

2023 · 2.03

Debt / equity

0.90▲

2023 · 0.85

ROE

12.5%▼

2023 · 12.7%

ROA

6.6%▼

2023 · 6.9%

Interest coverage

2.16▼

2023 · 2.52

Debt

€42k▲

2023 · €34k

Debt ≤ 1 year

€42k▲

2023 · €34k

Income taxes

€4k▲

2023 · €3k

Staff costs

€4k▼

2023 · €38k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€75k€88k▲

Fixed assets21/28€5k€2k▼

Tangible fixed assets22/27€5k€2k▼

Plant, machinery and equipment23€4k€2k▼

Furniture and vehicles24€1k-

Current assets29/58€70k€86k▲

Amounts receivable within one year40/41€66k€85k▲

Trade receivables40€64k€84k▲

Other amounts receivable41€2k€1k▼

Cash at bank and in hand54/58€3k€1k▼

Deferred charges and accrued income490/1€314€126▼

Equity and liabilities

Total equity and liabilities10/49€75k€88k▲

Equity10/15€40k€46k▲

Contributions10/11€3k€3k=

Profit (loss) carried forward14€37k€43k▲

Amounts payable17/49€34k€42k▲

Amounts payable within one year42/48€34k€42k▲

Financial debts43€2k-

Credit institutions430/8€2k-

Trade debts44€11k€15k▲

Suppliers440/4€11k€15k▲

Taxes, remuneration and social security45€4k€12k▲

Taxes450/3€3k€7k▲

Remuneration and social security454/9€1k€5k▲

Other amounts payable47/48€18k€15k▼

Income statement Code20232024

Remuneration, social security and pensions62€38k€4k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▼

Other operating charges640/8€1k€696▼

Gross operating margin9900€60k€29k▼

Operating profit (loss)9901€16k€21k▲

Financial income75/76B€88€122▲

Recurring financial income75€88€122▲

Financial charges65/66B€8k€11k▲

Recurring financial charges65€8k€11k▲

Profit (loss) for the period before taxes9903€8k€10k▲

Income taxes67/77€3k€4k▲

Profit (loss) for the period9904€5k€6k▲

Profit (loss) for the period to be appropriated9905€5k€6k▲

Appropriation of the result

Profit (loss) to be appropriated9906€37k€43k▲

Profit (loss) brought forward from the previous period14P€32k€37k▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 5Financial 1Filings 4

2025

09-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 70 days late

2024

20-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 51 days late

31-03

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 244 days late

2023

31-12

Financial Weakest financial yearnet €5k ▼43.9%

Net result drops to €5k, the lowest in the series; recovery starts the following year.

2022

26-09

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 57 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Wezembeek-Oppem · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Gergelstraat 101970 Wezembeek-Oppem

Ground area

388 m²

Building footprint

82 m²

Volume, LiDAR

563 m³

Parcel 22006B0086/00M002, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

GARCIA CONSTRUCT

Gergelstraat 10, 1970 Wezembeek-OppemReal estate development

since 20212.315.066.633

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
22006B0086/00M002	Flanders	388 m²	1 · 82 m²	10.1 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

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

Of 29,801 companies in sector 41001 we hold annual accounts for 16,050. 13,019 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded05-03-2021

Fiscal year end31-12

Activities, NACEBEL

41001General construction of residential buildings

43992Specialised construction activities

81220Other building cleaning and industrial cleaning

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

Contact details

1 entry

E-mail:garciafilhoafranio@gmail.com

Enterprise