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GB De Coninck

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

From the official registers: KBO 8 annual accounts at the National Bank publications in the Belgian Official Gazette

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 has been shrinking by about 39% per year since 2018. 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.

Overview

Official details

KBO
Status
Active since 25-07-2017 Normal situation
Activity
General construction of residential buildings NACE 41001and 2 others
Establishment unit
2.384.176.955 1785 Merchtem, since 25-07-2017
Financial year end
31 December
Peppol
Reachable since 21-10-2026

Board and ownership

Board
  • NUSTECOMDirector · since 12-04-2021 · permanent representative Nuis Steven

Financial position

51 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.4%
Annual accounts 2025
Gross margin
€131,985
▼ 0.4%
Turnover
≈ €470,000
estimated
Loss
€125,909
▼ 26.6%
Equity
-€783,081
▼ 19.2%
Total assets
€2.1m
▼ 16.9%
Filed on 30-07-2026, 1 day before the deadlineat the National Bank
Score breakdownraises 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 stronger than 22% of small companies in construction of buildings (NACE 41)
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 within 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% (911 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 is insufficient, with a current ratio of 0.19 (0.65 in 2024), below 1. Short-term debt is 11.3% and cash 0.7% of total assets. Equity is negative.
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 41, small). It does better than 1% of them on solvency, 63% on liquidity, 12% on profitability and 14% on growth.

The bankruptcy probability was computed on 31-10-2026 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. 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

Six signals.
lowers riskraises riskneutral
raises risk · Negative equity -€783,081
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
lowers risk · Size: total assets €2.1m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · 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
neutral · 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

The company filed its last 7 accounts on average 14 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.

Searched, nothing found (2)
neutral · 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 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€783,081 View
  • Risk: 7 loss-making years in a rowloss in financial year 2025 -€125,909 View
  • Caution: Lower solvency than 95% of companies in construction of buildingssector median 38.6% · 2,790 companies -38.1% View

Comparable companies

These companies have the same main activity as GB De Coninck: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €1.7m and €3.2m, founded between 2015 and 2021.

CompanyTotal assetsGross margin
GB De Coninck Merchtem€2.1m€0.1m
Algemene Bouw & Techniek Tienen€1.7m€0.2m
DANPHIL CONSTRUCTION Eupen€2.2m€0.1m
V & V REAL ESTATE Heist-op-den-Berg€3.2m€0.2m
NTH CONTRACTORS Wemmel€2.1m€0.2m
KubiQ Glabbeek€2.0m€0.2m
CITY GLOBAL Grimbergen€2.2m€0.1m
Full comparison

Documents

Annual accounts at the NBB

All 8 annual accounts

Articles and registers

Key facts about GB De Coninck

What is the company number of GB De Coninck?
The company number of GB De Coninck is 0678.828.170. The VAT number is the same 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?
The legal form of GB De Coninck is Private limited company (BV).
When was GB De Coninck founded?
GB De Coninck was 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?
The turnover in financial year 2025 is ≈ €470,000. This figure is estimated from the gross margin of €131,985 and 126 comparable companies (NACE 41001). It probably lies between €320,000 and €720,000.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.Annual accounts at the National Bank
When are the next annual accounts of GB De Coninck due?
GB De Coninck must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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