GAUMAN
ActiveSummary
GAUMAN has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €335,492 and a net result of -€35,029. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 40% of 851 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37▲+11
Solvency50▼-4
Growth72=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.35 against 0.34 in 2024; short-term debt: 65.1% and cash: 0.3% of total assets), and 74.8% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€35,029
raises risk · Filed more than 90 days late
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 04-09-2026, 127 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
127 d late
2024
6 d late
2023
7 d early
2022
12 d late
2021
45 d early
2020
28 d early
2019
25 d early
← 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 6 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 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 6 May (4 of the last 5 filed years within 51 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€47,842▲ 36.0%
2019 · €35,171
EBIT margin
-99.8%▲ 78.4pp
2019 · -178.2%
Net result
-€35,029▼ 33.3%
2024 · -€26,277
Working capital
-€560,083▼ 11.2%
2024 · -€503,651
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
Turnover
Operating result-€80,063▼ 67.6%€96,084€12,462▼ 87.0%-€16,910-€12,160▲ 28.1%
Net result-€68,027below the sector's middle half€89,260above the sector's middle half€21,861within the sector's middle half▼ 75.5%-€26,277below the sector's middle half-€35,029below the sector's middle half▼ 33.3%
EBIT margin
Equity€285,677above the sector's middle half▼ 19.2%€374,937above the sector's middle half▲ 31.2%€396,798above the sector's middle half▲ 5.8%€370,521within the sector's middle half▼ 6.6%€335,492within the sector's middle half▼ 9.5%
Total assets€1.9mabove the sector's middle half▲ 114%€1.7mabove the sector's middle half▼ 7.7%€1.4mabove the sector's middle half▼ 20.8%€1.3mwithin the sector's middle half▼ 5.5%€1.3mwithin the sector's middle half▲ 2.3%
Debt€1.5m▲ 265%€1.3m▼ 14.4%€902,440▼ 29.3%€861,580▼ 4.5%€927,100▲ 7.6%
Working capital-€99,217below the sector's middle half-€12,469below the sector's middle half▲ 87.4%-€460,785below the sector's middle half▼ 3,595%-€503,651below the sector's middle half▼ 9.3%-€560,083below the sector's middle half▼ 11.2%
Solvency15.2%below the sector's middle half▼ 25.0pp21.6%within the sector's middle half▲ 6.4pp28.9%within the sector's middle half▲ 7.3pp28.5%within the sector's middle half▼ 0.3pp25.2%within the sector's middle half▼ 3.3pp
Current ratio0.92below the sector's middle half▼ 2.130.99below the sector's middle half▲ 0.070.40below the sector's middle half▼ 0.590.34below the sector's middle half▼ 0.060.35below the sector's middle half▲ 0.01
Return on assets (ROA)-3.6%below the sector's middle half▼ 4.1pp5.1%within the sector's middle half▲ 8.8pp1.6%within the sector's middle half▼ 3.6pp-2.0%below the sector's middle half▼ 3.6pp-2.6%below the sector's middle half▼ 0.6pp
Staff (FTE)0below the sector's middle half0below the sector's middle half
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.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €12,160 in 2025 against €16,910 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€1.0m ▼ 1.4%
Current assets
€305,050 ▲ 17.6%
Equity and liabilities €1.3m
Equity
€335,492 ▼ 9.5%
Provisions
€66,946 =
Debt
€927,100 ▲ 7.6%
Debt's share of the balance-sheet total rises from 66.3% to 69.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€72,997▲
2024 · €40,809
Cash flow
€50,128▲
2024 · €31,442
Debt to equity
2.76▲
2024 · 2.33
ROE
-10.4%▼
2024 · -7.1%
Interest coverage
2.61▲
2024 · 1.15
Debt ≤ 1 year
€865,133▲
2024 · €763,153
Debt > 1 year
€61,968▼
2024 · €98,427
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
1.7%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 2,508 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €17 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €86,970 | €97,705 | €64,558 | €57,719 | €85,157 | ▲ 47.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0 | - | - | €7,788 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | -€4,231 | - |
| Other operating charges640/8 | - | €6,184 | €10,861 | €7,743 | €10,481 | ▲ 35.4% |
| Gross operating margin9900 | €14,737 | €199,973 | €87,881 | €48,553 | €87,034 | ▲ 79.3% |
| Operating profit (loss)9901 | -€80,063 | €96,084 | €12,462 | -€16,910 | -€12,160 | ▲ 28.1% |
| Financial income75/76B | - | €2,591 | €22,688 | €17,458 | €5,073 | ▼ 70.9% |
| Recurring financial income75 | €8,391 | €2,591 | €22,688 | €17,458 | €5,073 | ▼ 70.9% |
| Financial charges65/66B | - | €27,757 | €22,679 | €35,375 | €27,942 | ▼ 21.0% |
| Recurring financial charges65 | €9,956 | €27,757 | €22,679 | €35,375 | €27,942 | ▼ 21.0% |
| Profit (loss) for the period before taxes9903 | -€81,627 | €70,918 | €12,471 | -€34,826 | -€35,029 | ▼ 0.6% |
| Transfer from deferred taxes780 | - | €18,342 | €9,390 | €8,549 | €13,095 | ▲ 53.2% |
| Transfer to deferred taxes680 | - | - | - | - | €13,095 | - |
| Profit (loss) for the period9904 | -€68,027 | €89,260 | €21,861 | -€26,277 | -€35,029 | ▼ 33.3% |
| Transfer from tax-exempt reserves789 | - | €55,026 | €28,169 | €25,647 | €39,285 | ▲ 53.2% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €39,285 | - |
| Profit (loss) for the period to be appropriated9905 | -€27,225 | €144,287 | €50,030 | -€630 | -€35,029 | ▼ 5,456% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €1.7m | €1.4m | €1.3m | €1.3m | ▲ 2.3% |
| Fixed assets21/28 | €692,759 | €642,042 | €1.1m | €1.0m | €1.0m | ▼ 1.4% |
| Tangible fixed assets22/27 | €692,759 | €642,042 | €1.1m | €1.0m | €1.0m | ▼ 1.4% |
| Land and buildings22 | - | €642,042 | €1.1m | €1.0m | €1.0m | ▼ 1.4% |
| Current assets29/58 | €1.2m | €1.1m | €307,301 | €259,502 | €305,050 | ▲ 17.6% |
| Stocks and contracts in progress3 | €944,383 | €352,513 | €0 | - | - | - |
| Stocks30/36 | - | €352,513 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €123,665 | €5,594 | €277,109 | €244,116 | €301,225 | ▲ 23.4% |
| Trade receivables40 | - | €5,594 | €1,203 | €5,949 | €86,240 | ▲ 1,350% |
| Other amounts receivable41 | - | €0 | €275,906 | €238,167 | €214,985 | ▼ 9.7% |
| Cash at bank and in hand54/58 | €119,097 | €735,660 | €30,192 | €15,386 | €3,825 | ▼ 75.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €1.7m | €1.4m | €1.3m | €1.3m | ▲ 2.3% |
| Equity10/15 | €285,677 | €374,937 | €396,798 | €370,521 | €335,492 | ▼ 9.5% |
| Contributions10/11 | €61,600 | €61,600 | €61,600 | €61,600 | €61,600 | = |
| Capital10 | - | €61,600 | €61,600 | €61,600 | €61,600 | = |
| Issued capital100 | - | €61,600 | €61,600 | €61,600 | €61,600 | = |
| Reserves13 | €315,840 | €260,814 | €232,645 | €206,998 | €206,998 | = |
| Non-distributable reserves130/1 | - | €6,160 | €6,160 | €6,160 | €6,160 | = |
| Legal reserve130 | - | €6,160 | €6,160 | €6,160 | €6,160 | = |
| Tax-exempt reserves132 | - | €254,654 | €226,485 | €200,838 | €200,838 | = |
| Profit (loss) carried forward14 | -€91,763 | €52,523 | €102,553 | €101,923 | €66,894 | ▼ 34.4% |
| Provisions and deferred taxes16 | €103,227 | €84,885 | €75,495 | €66,946 | €66,946 | = |
| Deferred taxes168 | - | €84,885 | €75,495 | €66,946 | €66,946 | = |
| Amounts payable17/49 | €1.5m | €1.3m | €902,440 | €861,580 | €927,100 | ▲ 7.6% |
| Amounts payable after more than one year17 | €204,638 | €169,751 | €134,354 | €98,427 | €61,968 | ▼ 37.0% |
| Financial debts170/4 | - | €169,751 | €134,354 | €98,427 | €61,968 | ▼ 37.0% |
| Amounts payable within one year42/48 | €1.3m | €1.1m | €768,085 | €763,153 | €865,133 | ▲ 13.4% |
| Current portion of amounts payable after more than one year42 | - | €34,887 | €35,397 | €35,927 | €36,459 | ▲ 1.5% |
| Financial debts43 | - | €772,332 | €708,840 | €710,000 | €710,000 | = |
| Credit institutions430/8 | - | €772,332 | €708,840 | €710,000 | €710,000 | = |
| Trade debts44 | €237,798 | €13,881 | €18,924 | €15,005 | €109,987 | ▲ 633% |
| Suppliers440/4 | - | €13,881 | €18,924 | €15,005 | €109,987 | ▲ 633% |
| Taxes, remuneration and social security45 | - | €135,148 | €3,984 | €0 | €1,683 | - |
| Taxes450/3 | - | €135,148 | €3,984 | €0 | €1,683 | - |
| Other amounts payable47/48 | - | €149,989 | €940 | €2,221 | €7,003 | ▲ 215% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€68,027 | €89,260 | €21,861 | -€26,277 | -€35,029 | ▼ 33.3% |
| + Depreciation and write-downs630 | €86,970 | €97,705 | €64,558 | €57,719 | €85,157 | ▲ 47.5% |
| Operating cash flow (approximation) | €18,943 | €186,965 | €86,418 | €31,442 | €50,128 | ▲ 59.4% |
| Investment in fixed assets (approximation) | - | -€46,988 | -€489,947 | -€29,832 | -€70,101 | ▼ 135% |
| Change in cash | - | €616,563 | -€705,469 | -€14,805 | -€11,561 | ▲ 21.9% |
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
04-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 127 days late
2025
06-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 6 days late
2024
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 12 days late
2022
30-09
Financial
Back to profitnet €89,260
Net result €89,260 after one loss-making year.
16-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €4,165
Net result €4,165 after 2 loss-making years.
05-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Brussel · 1 establishment unit since 1996
Ground area
1,006 m²
Building footprint
849 m²
Volume, LiDAR
8,888 m³
Parcel 21815D0004/00Z005, Brussels · tallest building 15.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Pannenhuisstraat 22-24, 1020 Brussel
since 19962.079.415.823
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21815D0004/00Z005 | Brussels | 1,006 m² | 1 · 849 m² | 15.3 m · 4 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.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 10,649 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
Founded18-10-1993
Fiscal year end30-09
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0451291609
Also
9925:BE0451291609
Registered
06-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.