GB CONSTRUCT
ActiveGB CONSTRUCT has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €616k and a net result of €32k. Equity is growing by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 92% of 36376 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
84
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability74▼-17
Solvency100▲+2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 5.15 against 2.2 in 2023; short-term debt: 9.2% and cash: 33% of total assets), and 11.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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 2024Solvency, return and age of the figures
Solvency
88.1%
Return on assets
4.6%
Age of the figures
21 mo
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 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
6 d early
2022
54 d early
2021
40 d early
2020
27 d late
2019
37 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€988k
EBIT margin
12.5%
Net result
€32k▼ 77.1%
2023 · €139k
2018: €102k
2019: €103k
2020: €133k
2021: €102k
2022: €64k
2023: €139k
2018 → 2024
Working capital
€268k▲ 24.9%
2023 · €214k
2018: €190k
2019: €242k
2020: €96k
2021: €141k
2022: €215k
2023: €214k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€988k
Equity€412k-€471k▲ 14.1%€535k▲ 13.6%€584k▲ 9.2%€616k▲ 5.5%
Operating result€180k-€124k▼ 31.4%€123k▼ 0.4%€186k▲ 51.0%€37k▼ 80.1%
Net result€133k-€102k▼ 23.1%€64k▼ 37.4%€139k▲ 118%€32k▼ 77.1%
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 falls in 2024; 2024 is 80% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €699k
Fixed assets
€367k▼ 9.5%
Current assets
€332k▼ 15.3%
Equity and liabilities €699k
Equity
€616k▲ 5.5%
Debt
€83k▼ 61.2%
The debt ratio falls from 26.8% to 11.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€76k▼
2023 · €221k
Cash flow
€71k▼
2023 · €175k
Solvency
88.1%▲
2023 · 73.2%
Current ratio
5.15▲
2023 · 2.20
Quick ratio
4.41▲
2023 · 1.92
Debt / equity
0.13▼
2023 · 0.37
ROE
5.2%▼
2023 · 23.9%
ROA
4.6%▼
2023 · 17.5%
Interest coverage
36.44▼
2023 · 62.70
Debt
€83k▼
2023 · €214k
Debt ≤ 1 year
€65k▼
2023 · €178k
Debt > 1 year
€18k▼
2023 · €34k
Income taxes
€6k▼
2023 · €45k
Staff costs
€84k▼
2023 · €155k
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€798k€699k▼
Fixed assets21/28€405k€367k▼
Tangible fixed assets22/27€405k€367k▼
Land and buildings22€305k€288k▼
Plant, machinery and equipment23€37k€26k▼
Furniture and vehicles24€49k€39k▼
Leasing and similar rights25€13k€13k=
Current assets29/58€392k€332k▼
Stocks and contracts in progress3€50k€47k▼
Stocks30/36€50k€47k▼
Amounts receivable within one year40/41€162k€46k▼
Trade receivables40€132k€28k▼
Other amounts receivable41€30k€18k▼
Cash at bank and in hand54/58€167k€231k▲
Deferred charges and accrued income490/1€13k€8k▼
Equity and liabilities
Total equity and liabilities10/49€798k€699k▼
Equity10/15€584k€616k▲
Contributions10/11€6k€6k=
Capital10€6k€6k=
Issued capital100€19k€19k=
Uncalled capital101€12k€12k=
Reserves13€303k€303k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133€301k€301k=
Profit (loss) carried forward14€275k€307k▲
Amounts payable17/49€214k€83k▼
Amounts payable after more than one year17€34k€18k▼
Financial debts170/4€34k€18k▼
Amounts payable within one year42/48€178k€65k▼
Current portion of amounts payable after more than one year42€14k€15k▲
Trade debts44€32k€11k▼
Suppliers440/4€32k€11k▼
Taxes, remuneration and social security45€60k€18k▼
Taxes450/3€50k€9k▼
Remuneration and social security454/9€10k€9k▼
Other amounts payable47/48€72k€22k▼
Accrued charges and deferred income492/3€1k-
Income statement
Code20232024
Remuneration, social security and pensions62€155k€84k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€39k▲
Other operating charges640/8€5k€4k▼
Gross operating margin9900€381k€164k▼
Operating profit (loss)9901€186k€37k▼
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€4k€2k▼
Recurring financial charges65€4k€2k▼
Profit (loss) for the period before taxes9903€184k€38k▼
Income taxes67/77€45k€6k▼
Profit (loss) for the period9904€139k€32k▼
Profit (loss) for the period to be appropriated9905€139k€32k▼
Appropriation of the result
Profit (loss) to be appropriated9906€365k€307k▼
Profit (loss) brought forward from the previous period14P€226k€275k▲
Profit to be distributed694/7€90k-
Directors or managers695€90k-
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €32k ▼77.1%
Net result drops to €32k, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 5.15
Current ratio from 2.20 to 5.15; short-term debt falls from €178k to €65k.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €139k ▲118%
Operating result €186k, net result €139k, both a record.
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €500kEq €535k ▲13.6%
5 profitable years in a row build equity to €535k.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €200kEq €279k ▲42.1%
2 profitable years in a row build equity to €279k.
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
12-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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, Jabbeke · 1 establishment unit since 2011
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.
Steenovenstraat 238490 JabbekeGround area
936 m²
Building footprint
122 m²
Volume, LiDAR
726 m³
Parcel 31442C0552/02E000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GB CONSTRUCT
since 20112.195.489.288
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31442C0552/02E000 | Flanders | 936 m² | 1 · 121 m² | 8.6 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 201 EUR awarded · 201 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 201 EUR | 201 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
WIM DE REU
BE 0791.902.753
Koekelare · Eq €616k
BK Bouwteam
BE 0747.584.641
Oosterzele · Eq €615k
GVD-Tech
BE 0687.597.564
Zele · Eq €614k
De Smet Samy
BE 0504.894.797
Deinze · Eq €613k
RETROCONSTRUCT
BE 0893.518.567
Kruisem · Eq €619k
Of 15,541 companies in sector 43990 we hold annual accounts for 7,422. 4,149 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded19-01-2011
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
43990Other specialised construction activities
43999Specialised construction activities
43230Insulation installation
43291Specialised construction activities
43310Plastering work
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.