Starting capital
€5,040 120 shares
GD BOUW
Lifetime
1 annual account with figurespeak €897,739 (2025)
€897,739
peak €71,880 (2025)
€71,880
peak €76,920 (2025)
€76,920
€164,985
Board1 name since 2024
1 directorDEGRAEVE Glenn
Documentsfilings and deeds
30-07-20261 day before the deadline
2025micro format
Registered office moved from Damme to Moerkerke 11-09First year with figures
Key points
from the 2025 annual accountsPosition in the sector
€71,880
Higher net result than 91% of companies in specialised construction. Sector median €10,184 · 35,124 companies.
Checked score
51
Fair
Financially stronger than 44% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.7% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
09-2025: 1.9%lowest value
10-2025: 3.9%▲ +2.0 percentage points vs 09-2025
11-2025: 4.3%▲ +0.4 percentage points vs 10-2025
12-2025: 4.5%▲ +0.2 percentage points vs 11-2025
01-2026: 5.0%▲ +0.5 percentage points vs 12-2025
02-2026: 5.0%● unchanged vs 01-2026
03-2026: 5.2%▲ +0.2 percentage points vs 02-2026
04-2026: 5.3%▲ +0.1 percentage points vs 03-2026
05-2026: 5.1%▼ -0.2 percentage points vs 04-2026
06-2026: 5.2%▲ +0.1 percentage points vs 05-2026
07-2026: 5.5%▲ +0.3 percentage points vs 06-2026highest value
08-2026: 2.7%▼ -2.8 percentage points vs 07-2026
09-2026: 2.7%● unchanged vs 08-2026
10-2026: 2.7%● unchanged vs 09-2026
11-2026: 2.7%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2024
1 change of registered office in 24 months
Size: turnover €897,739, total assets €241,905
lowers risk
Figures for financial year 2025 (filed on 06-08-2026)
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 43, micro). It does better than 34% of them on solvency, 20% on liquidity and 77% on profitability.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as GD BOUW has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of GD BOUW itself is higher: 2.7% within 12 months. It rests on far more data about GD BOUW than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for GD BOUW. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €3,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.33, below the usual 1.5. Short-term debt is 57.8% and cash 9.4% of total assets. 68.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 · 1 filingDeviation from the deadline
2025
1 day early
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered office moved from Damme to Moerkerke
New registered office: Tarwerentestraat 6 te 8340 Moerkerke · Previous registered office: Hoornstraat 32 te 8340 Damme · Board meeting of 15-07-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1012225682
Incorporation
Founding capital of €5,040, 120 shares · Founder: DEGRAEVE Glenn · Appointment: DEGRAEVE Glenn (director) · published on 07-08-2024 · Gazette deed
First establishment
Tarwerentestraat 6, Damme
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GD BOUW Damme | €897,739 | 10.4% | 31.8% | - |
| NESCA FAÇADE Sint-Genesius-Rode | €763,415 | 14.9% | 37.6% | - |
| FPE GROUP Zaventem | - | - | 94.4% | - |
| Vegro Ichtegem | - | - | 39.5% | - |
| BOUW & RENOVATIE VANSIELEGHEM Torhout | - | - | 54.3% | - |
| FILIP COMPANY Moorslede | - | - | 42.8% | - |
| Ferreira & Co Bruges | - | - | 70.3% | - |
Grey: the largest companies of the sector (specialised construction (NACE 43)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as GD BOUW: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €168,000 and €281,000, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 05-08-2024Normal situation
- Activity
- Other specialised construction activitiesNACE 43990and 2 others
- Joint committee
- 124Construction · annual accounts 2025
- Establishment unit
- 2.362.512.1058340 Damme, since 05-08-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 04-09-2024
Annual accounts 2025
- €241,905
- Employeeson 31-12-2025
- 1
- Filing
- Filed on 30-07-2026, 1 day before the end of the filing period
Insights on GD BOUW
The computed 12-month bankruptcy probability of GD BOUW is 2.7% (moderate). The 2025 annual accounts show equity of €76,920 and a net result of €71,880.
Its solvency ranks better than 34% of 35,136 sector peers (NACE 43, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GD BOUW
- What is the company number of GD BOUW?
- The company number of GD BOUW is 1012.225.682. The VAT number is the same number with BE in front: BE 1012.225.682.
- Where is GD BOUW based?
- The registered office is at Tarwerentestraat 6, 8340 Damme.Company details
- What does GD BOUW do?
- According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
- What is the legal form of GD BOUW?
- GD BOUW is a private limited company (BV).
- When was GD BOUW founded?
- GD BOUW was founded on 05-08-2024.
- Is GD BOUW still active?
- Yes, GD BOUW is an active enterprise in the KBO register.
- How many employees does GD BOUW have?
- GD BOUW had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does GD BOUW fall under?
- In its 2025 annual accounts, GD BOUW states joint committee 124 (Construction).
- What is the turnover of GD BOUW?
- The turnover of GD BOUW was €897,739 in financial year 2025, according to the filed annual accounts.
- Is GD BOUW profitable?
- In financial year 2025, GD BOUW made a profit of €71,880.
- Where can I find the annual accounts of GD BOUW?
- GD BOUW filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
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