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Complete company report
Generated 22-08-2026
Active BE 0723.530.522Private limited company (pre-2019)Open bankruptcy

GCW BELGIUM

Grand'rue 26 ·6000 Charleroi, Belgium· 7 yrs active
Sector: Algemene bouw van residentiële gebouwen (41001)
Conclusion Checked

A bankruptcy procedure is open for GCW BELGIUM according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €147k and a net result of €71k.

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €147k
Net result €71k
Active 7 yrs
Board 1
Financial profile 5 of 5 axes measured · computed by Checked
Health24Profitability100Solvency90Growth78Stability0
58 / 100

Mixed profile: strong on profitability, weaker on stability.

All 5 axes are computed from data Checked has read.

Health 24
Profitability 100
Solvency 90
Growth 78
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
50 / 100
High riskRegister: open bankruptcy
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· Open bankruptcy (+50)
Trust signals 2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2021 · computed
24 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2021 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview4 NBB filings
Annual accounts filed on 07-10-2024 with the NBB · fiscal year 2023 · micro
€0€25k€50k€75k€100kOperating result 2020: €87k€87kNet result 2020: €69k€69kOperating result 2021: €95k€95kNet result 2021: €71k€71k20202021
Operating resultNet result
EBITDA
€106k
-6.0% 20-21
Net profit
€71k
+2.8% 20-21
Cash flow
€82k
-13.4% 20-21
Total assets
€301k
-7.7% 20-21
Equity
€147k
+94.4% 20-21
Working capital
€126k
+444.5% 20-21
Income taxes
€21k
+4.1% 20-21
Debt
€154k
-38.4% 20-21
Show 8 other metrics
Debt ≤ 1y
€153k
-39.2% 20-21
Current ratio
1.83
+67.4% 20-21
Quick ratio
1.83
+67.4% 20-21
Solvency
48.7%
+110.6% 20-21
Debt / equity
1.05
- 20-21
ROE
48.5%
-47.1% 20-21
ROA
23.6%
+11.4% 20-21
Interest coverage
37.28
- 20-21
Figures by fiscal year
Fiscal year2021
Depositmicro
Revenue-
EBITDA€106k
Net profit€71k
Cash flow€82k
Staff costs-
Income taxes€21k
Dividends-
Total assets€301k
Equity€147k
Debt€154k
of which ≤ 1y€153k
of which > 1y-
Working capital€126k
Employees (FTE)-
Ratios (computed)
2021
Current ratio1.83
Quick ratio1.83
Working capital ratio42.0%
Solvency48.7%
Debt / equity1.05
Long-term debt ratio-
Interest coverage37.28
Gross margin-
Net margin-
ROA23.6%
ROE48.5%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2021
Full annual accounts (21 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2021
Balance sheet, Assets
TOTAL ASSETS 20/58€301k
Fixed assets 21/28€22k
Tangible fixed assets 22/27€22k
Current assets 29/58€279k
Amounts receivable within one year 40/41€32k
Cash & bank 54/58€247k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€301k
Equity 10/15€147k
Contributions / capital 10/11€6k
Reserves 13€140k
Amounts payable 17/49€154k
Amounts payable within one year 42/48€153k
Trade debts payable within one year 44€71k
Income statement
Gross operating margin 9900€122k
Operating result 9901€95k
Financial income 75€31
Financial charges 65€3k
Result before taxes 9903€92k
Income taxes 67/77€21k
Net result for the period 9904€71k
Result to be appropriated 9905€71k
This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 3 directors
Current directors & mandates
  • Lupu Nicolae
    Director
    State Gazette act 25014351 (28-01-2025)
    Current
    28-01-2025 → present
Former directors (2)
  • Bobev Ivan
    Director
    State Gazette act 25003243 (07-01-2025)
    Former
    01-07-2024 → 28-01-2025
    2 events
    • 28-01-2025 Resigned· Director
    • 01-07-2024 Appointed· Director
  • Dolakov Akhmet
    Director
    State Gazette act 25003243 (07-01-2025)
    Former
    - → 30-06-2024
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Directors & mandates1 person
Role Name Tenure Source
Curator SOFIE DE NIJS
GROOT-BRITTANNIELAAN 10, 9000 GENT
 08-07-2025 → present Belgian State Gazette
Legal Structure
NACE primary Algemene bouw van residentiële gebouwen(41001)
Legal form Private limited company (pre-2019)(015)
Incorporation25-03-2019
StatusActive
Postal code6000
First BS signal 15-07-2025
Latest BS signal 15-07-2025
Establishment units 1 location
GCW Belgium
Veldekensstraat 79, 9240 ZeleAlgemene bouw van residentiële gebouwen
since 20192.287.060.951
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (50%) Wallonia 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
42402C2058/00T003 Flanders 538 m² 1 · 150 m² 11.9 m · 3 fl.
52011B0248/00P007 Wallonia 163 m² 1 · 64 m² 14.5 m · 4 fl.
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.
Updates 7 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
15-07-2025
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Gent · GCW BELGIUM BV GRAND’RUE 26, 6000 CHARLEROI · event 08-07-2025
28-01-2025
State Gazette act Capital & shares
07-01-2025
State Gazette act Capital & shares
2024
07-10-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
31-08-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
17-10-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
22-10-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
Lifecycle & Insolvency Signals1 events
15-07-2025
Bankruptcy Opening
Date: 08-07-2025 · Ondernemingsrechtbank Gent, afdeling Gent · GCW BELGIUM BV GRAND’RUE 26, 6000 CHARLEROI · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-07-15 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage 0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 2 acts
Capital history · 2
28-01-2025
Capital change
07-01-2025
Capital change
All acts · 2 updated 1 year ago
2025
28-01-2025 All shares are now held by a single shareholder Capital & shares
Technical details 
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  "act_meta": {
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    "filing_date": "2025-01-20",
    "act_kind_objet": "Onderwerp akte : ONTSLAG BESTUURDER - BENOEMING BESTUURDER - WIJZIGING MAATSCHAPPELIJKE ZETEL"
  },
  "decision": {
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    "under_authorized_capital": false,
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  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0723.530.522",
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  "publication_proxy": {
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  "co_filed_documents": [],
  "shareholders_after": [
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    }
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  "share_classes_after": []
}
07-01-2025 All shares are now held by a single shareholder Capital & shares
Technical details 
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  },
  "act_meta": {
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    "filing_date": "2024-12-23",
    "act_kind_objet": "Onderwerp akte:"
  },
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  },
  "bedrijfsrevisor": null,
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  "publication_proxy": {
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  "co_filed_documents": [],
  "shareholders_after": [
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Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Algemene bouw van residentiële gebouwen41001Overige bouwinstallatie43240Overige bouwinstallatie, n.e.g.43299Overige werkzaamheden in verband met de afwerking van gebouwen43350
Primary activity highlighted.
Names & trade names
Legal nameNL GCW BELGIUM
Registered office
Grand'rue 26
6000 Charleroi, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative