GB De Coninck

Active

Private limited companyfounded 2017active for 9 yearsKoning Leopold IIIstraat 27, 1785 Merchtem, BelgiumKBO/BCE: BE 0678.828.170

Summary

The computed 12-month bankruptcy probability of GB De Coninck is 2.4% (moderate). The 2025 annual accounts show negative equity (-€783,081) and a net result of -€125,909. Equity is shrinking by about 39% per year across the filed financial years. Its solvency ranks better than 5% of 2,790 sector peers (NACE 41, financial year 2025). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

GB De ConinckActiveChecked score 51/100

Risk analysis Report Compare

Activity

General construction of residential buildings

NACE 41001

4th largest company by total assets in Merchtem, Construction sector1 site

Size

≈ €470,000turnover 2025, estimated

Equity: -€783,081
Loss: -€125,909

Turnover estimated from the gross margin

Financial health

51 Fair Checked score 2025

Bankruptcy probabilitywithin 12 months: 2.4%

Structure

Parent: NUSTECOM · 100%

NUSTECOMDirector · permanent representative Nuis Steven

2025 accounts 1 day early2 of 5 deeds summarised

Why 51raises riskNegative equity -€783,0811 change of registered office in 24 monthsSector: Construction of residential and non-residential buildings (NACE 41)lowers riskSize: total assets €2.1mShow the evidence

Checked score

Score 2025

51 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 22% of its sector peers (NACE 41, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 0=

equity -38.1% of total assets

Liquidity 50+5

short-term debt 11.3% · cash 0.7%

Profitability 20+4

return on assets -6.1%

Bankruptcy probability, 12 months

2.4% Moderate

0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (912 companies, NACE 41, small)

Last 24 months 11-2024: 2.3% 12-2024: 2.3%● unchanged vs 11-2024 01-2025: 2.3%● unchanged vs 12-2024 02-2025: 2.3%● unchanged vs 01-2025 03-2025: 2.4%▲ +0.1 percentage points vs 02-2025 04-2025: 2.4%● unchanged vs 03-2025 05-2025: 2.5%▲ +0.1 percentage points vs 04-2025 06-2025: 2.6%▲ +0.1 percentage points vs 05-2025 07-2025: 2.6%● unchanged vs 06-2025 08-2025: 1.5%▼ -1.1 percentage points vs 07-2025 09-2025: 1.4%▼ -0.1 percentage points vs 08-2025lowest value 10-2025: 1.4%● unchanged vs 09-2025lowest value 11-2025: 2.3%▲ +0.9 percentage points vs 10-2025 12-2025: 2.3%● unchanged vs 11-2025 01-2026: 2.3%● unchanged vs 12-2025 02-2026: 2.4%▲ +0.1 percentage points vs 01-2026 03-2026: 2.6%▲ +0.2 percentage points vs 02-2026 04-2026: 2.8%▲ +0.2 percentage points vs 03-2026 05-2026: 3.3%▲ +0.5 percentage points vs 04-2026 06-2026: 3.5%▲ +0.2 percentage points vs 05-2026 07-2026: 3.7%▲ +0.2 percentage points vs 06-2026highest value 08-2026: 2.4%▼ -1.3 percentage points vs 07-2026 09-2026: 2.4%● unchanged vs 08-2026 10-2026: 2.4%● unchanged vs 09-2026

No credit on open account

Liquidity insufficient (current ratio 0.19, compared with 0.65 in 2024, below 1; short-term debt: 11.3% and cash: 0.7% of total assets), and equity is negative.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 41, small): better than 1% on solvency, 63% on liquidity, 12% on profitability and 14% on growth.

The bankruptcy probability was computed on 30-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Negative equity -€783,081

NBB · annual accounts

1 change of registered office in 24 months

Belgian Official Gazette

Sector: Construction of residential and non-residential buildings (NACE 41)

KBO

Size: total assets €2.1m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year -€783,081

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.

NBB · 8 filings

Deviation from the deadline

2025

1 day early

2024

1 day early

2023

12 days early

2022

29 days late

2021

31 days late

2020

31 days late

2019

20 days late

← 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 14 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 July (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

31-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

30-07-2026 Annual accounts filedfinancial year 2025 · abbreviated…
27-10-2025 Registered officeRegistered-office move
30-07-2025 Annual accounts filedfinancial year 2024 · abbreviated…

Key points

Risk: Negative equityfinancial year 2025: debts exceed assets -€783,081 View
Risk: 7 loss-making years in a rowloss financial year 2025 -€125,909 View
Caution: Among the weakest 5% on solvencysector median 38.6% · 2,790 companies -38.1% View
Controlled by NUSTECOM 100% View

By topic

Financials

Financial year: 2025
Total assets: €2.1m
Loss: -€125,909
Solvency: -38.1%

Total assets▼ 16.9%

Net result

20182025

Go to Financials

Board & ownership

Board: 1 member
Parent: NUSTECOM · 100%

NUSTECOMDirector

Go to Board & ownership

Timeline

Events: 11
Since: 2019
Next accounts: by 31-07-2027

31-12-2024Weakest financial year
19-07-2024Annual accounts filed
28-12-2023Resignation: NUSTECOM (manager)

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: General construction of residential buildingsNACE 41001
Founded: 25-07-2017
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 30

Who signs: Each director alone
Purpose: “Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle…” (deed in Dutch)

Go to Articles of association

Key facts about GB De Coninck

What is the company number of GB De Coninck?: 0678.828.170. In Belgium the VAT number is the company number with BE in front: BE 0678.828.170.
Where is GB De Coninck based?: The registered office is at Koning Leopold IIIstraat 27, 1785 Merchtem.Company details
What does GB De Coninck do?: According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
What is the legal form of GB De Coninck?: Private limited company (BV).
When was GB De Coninck founded?: On 25-07-2017.
Is GB De Coninck still active?: Yes, GB De Coninck is an active enterprise in the KBO register.
What is the turnover of GB De Coninck?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is GB De Coninck profitable?: In financial year 2025, GB De Coninck made a loss of €125,909.
Where can I find the annual accounts of GB De Coninck?: GB De Coninck filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of GB De Coninck due?: By 31-07-2027, for financial year 2026.Timeline