GBS CONSTRUCTIONS
Open bankruptcyA bankruptcy procedure is open for GBS CONSTRUCTIONS according to publications in the Belgian State Gazette. The 2024 annual accounts show negative equity (€-75k) and a net result of €-103k.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year €-75k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-10-2025, 68 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 filingsDeviation from the deadline
2025
not confirmed
2024
68 d late
2023
56 d late
2022
730 d late
2021
44 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-75k
2023 · €31k
2021: €13k
2022: €34k
2023: €31k
2021 → 2024
Total assets
€700k▲ 974%
2023 · €65k
2021: €17k
2022: €97k
2023: €65k
2021 → 2024
Net result
€-103k▼ 655%
2023 · €-14k
2021: €10k
2022: €21k
2023: €-14k
2021 → 2024
Working capital
€-94k
2023 · €26k
2021: €13k
2022: €34k
2023: €26k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€13k-€34k▲ 156%€31k▼ 9.6%€-75k
Operating result€13k-€24k▲ 85.7%€-7k€-103k▼ 1,427%
Net result€10k-€21k▲ 101%€-14k€-103k▼ 655%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €103k in 2024 against €7k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €700k
Fixed assets
€19k▲ 313%
Current assets
€681k▲ 1,024%
Key figures and ratios
EBITDA
€-102k▼
2023 · €-5k
Cash flow
€-102k▼
2023 · €-12k
Solvency
-10.7%▼
2023 · 46.8%
Current ratio
0.88▼
2023 · 1.75
Quick ratio
0.88▼
2023 · 1.75
Debt / equity
-10.32▼
2023 · 1.14
ROA
-14.7%▲
2023 · -20.9%
Interest coverage
-215.14▼
2023 · -2.86
Debt
€775k▲
2023 · €35k
Debt ≤ 1 year
€775k▲
2023 · €35k
Income taxes
€125▼
2023 · €5k
Staff costs
€83k▲
2023 · €39k
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€65k€700k▲
Fixed assets21/28€5k€19k▲
Tangible fixed assets22/27€5k€19k▲
Plant, machinery and equipment23€733-
Furniture and vehicles24€4k€19k▲
Current assets29/58€61k€681k▲
Amounts receivable within one year40/41€60k€681k▲
Trade receivables40€47k€654k▲
Other amounts receivable41€13k€27k▲
Cash at bank and in hand54/58€157€119▼
Equity and liabilities
Total equity and liabilities10/49€65k€700k▲
Equity10/15€31k€-75k▼
Contributions10/11€3k€3k=
Outside capital11€3k€3k=
Other1109/19€3k€3k=
Profit (loss) carried forward14€28k€-78k▼
Amounts payable17/49€35k€775k▲
Amounts payable within one year42/48€35k€775k▲
Trade debts44€18k€728k▲
Suppliers440/4€18k€728k▲
Taxes, remuneration and social security45€17k€34k▲
Taxes450/3€13k€6k▼
Remuneration and social security454/9€4k€28k▲
Other amounts payable47/48-€13k
Income statement
Code20232024
Remuneration, social security and pensions62€39k€83k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€794▼
Other operating charges640/8-€125
Non-recurring operating charges66A-€2k
Gross operating margin9900€34k€-17k▼
Operating profit (loss)9901€-7k€-103k▼
Financial income75/76B€145€362▲
Recurring financial income75€145€362▲
Financial charges65/66B€2k€474▼
Recurring financial charges65€2k€474▼
Profit (loss) for the period before taxes9903€-8k€-103k▼
Income taxes67/77€5k€125▼
Profit (loss) for the period9904€-14k€-103k▼
Profit (loss) for the period to be appropriated9905€-14k€-103k▼
Appropriation of the result
Profit (loss) to be appropriated9906€28k€-78k▼
Profit (loss) brought forward from the previous period14P€41k€25k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-12
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · GBS CONSTRUCTIONS BV KERKPLEIN 1/6, 3665 AS · event 11-12-2025
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 68 days late
30-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 730 days late
2024
31-12
Financial
Weakest financial yearnet €-103k
Net result drops to €-103k, the lowest in the series.
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 56 days late
2023
06-04
Bankruptcy
Judicial dissolution
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · van: GBS CONSTRUCTIONS BV- HASSELTSESTEENWEG 159, 3580 BERINGEN
2022
31-12
Financial
Highest result since 2021net €21k ▲101%
Operating result €24k, net result €21k, both a record.
13-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 44 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, As · 2 establishment units since 2021
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.
Kerkplein 13665 AsGround area
4,991 m²
Building footprint
1,508 m²
Volume, LiDAR
6,048 m³
2 parcels, Flanders · tallest building 15.0 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
GBS CONSTRUCTIONS
since 20212.313.390.216
Sds technology
since 20222.335.862.245
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71004B0169/00W000 | Flanders | 4,071 m² | 1 · 1,229 m² | 5.2 m · 1 fl. |
| 71002A0463/00G002 | Flanders | 919 m² | 1 · 280 m² | 15.0 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | KARL VANSTIPELEN STATIONSSTRAAT 108,
3400 LANDEN |
11-12-2025 → present |
| Curator | WINNY
TIRMARCHE STATIONSSTRAAT 108A 108, 3400 LANDEN- |
11-12-2025 → present |
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Of 908 companies in sector 25120 we hold annual accounts for 677. 317 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-02-2021
Fiscal year end31-12
Activities, NACEBEL
25120Manufacture of fabricated metal products, except machinery and equipment
43110Demolition
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.