GDG Construct
ActiveSummary
GDG Construct has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €229k and a net result of €-44k. Equity is growing by ~31.3% per year across the filed fiscal years. Its solvency ranks better than 80% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability3▼-58
Solvency97▲+11
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 3.55 against 2.63 in 2024; short-term debt: 28.1% and cash: 1.1% of total assets), and 28.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 17-04-2026, 13 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
13 d early
2024
6 d early
2023
39 d early
2022
16 d early
2021
32 d early
2020
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€229k▼ 16.1%
2024 · €272k
2020: €21k
2021: €65k
2022: €153k
2023: €230k
2024: €272k
2020 → 2025
Total assets
€318k▼ 28.3%
2024 · €444k
2020: €219k
2021: €548k
2022: €338k
2023: €441k
2024: €444k
2020 → 2025
Net result
€-44k
2024 · €42k
2020: €-9k
2021: €44k
2022: €88k
2023: €77k
2024: €42k
2020 → 2025
Working capital
€229k▼ 16.9%
2024 · €275k
2020: €21k
2021: €68k
2022: €158k
2023: €236k
2024: €275k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€65k-€153k▲ 136%€230k▲ 50.4%€272k▲ 18.4%€229k▼ 16.1%
Operating result€54k-€125k▲ 132%€112k▼ 10.0%€67k▼ 40.7%€-43k
Net result€44k-€88k▲ 101%€77k▼ 12.5%€42k▼ 45.1%€-44k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €43k after €67k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €318k
Equity
€229k ▼ 16.1%
Debt
€89k ▼ 47.7%
Debt's share of the balance-sheet total falls from 38.6% to 28.1%. Equity and debt are lower.
Key figures and ratios
Current ratio
3.55▲
2024 · 2.63
Quick ratio
0.52▼
2024 · 2.01
Debt to equity
0.39▼
2024 · 0.63
ROE
-19.2%▼
2024 · 15.5%
ROA
-13.8%▼
2024 · 9.5%
Debt ≤ 1 year
€89k▼
2024 · €169k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet
Code20242025
Assets
Total assets20/58€444k€318k▼
Current assets29/58€444k€318k▼
Stocks and contracts in progress3€104k€271k▲
Stocks30/36€104k€271k▲
Amounts receivable within one year40/41€313k€43k▼
Trade receivables40€311k€39k▼
Other amounts receivable41€2k€4k▲
Cash at bank and in hand54/58€27k€4k▼
Equity and liabilities
Total equity and liabilities10/49€444k€318k▼
Equity10/15€272k€229k▼
Contributions10/11€30k€30k=
Reserves13€242k€242k=
Distributable reserves133€242k€242k=
Profit (loss) carried forward14-€-44k
Amounts payable17/49€171k€89k▼
Amounts payable within one year42/48€169k€89k▼
Trade debts44€43k€29k▼
Suppliers440/4€43k€29k▼
Taxes, remuneration and social security45€21k-
Taxes450/3€21k-
Other amounts payable47/48€105k€61k▼
Accrued charges and deferred income492/3€3k-
Income statement
Code20242025
Other operating charges640/8€667€743▲
Gross operating margin9900€67k€-43k▼
Operating profit (loss)9901€67k€-43k▼
Financial income75/76B€0€52▲
Recurring financial income75€0€52▲
Financial charges65/66B€3k€576▼
Recurring financial charges65€3k€576▼
Profit (loss) for the period before taxes9903€63k€-44k▼
Income taxes67/77€21k-
Profit (loss) for the period9904€42k€-44k▼
Profit (loss) for the period to be appropriated9905€42k€-44k▼
Appropriation of the result
Profit (loss) to be appropriated9906€42k€-44k▼
Transfer to equity691/2€42k-
To other reserves6921€42k-
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-44k ▼204%
Net result drops to €-44k, the lowest in the series.
24-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €200kEq €230k ▲50.4%
3 profitable years in a row build equity to €230k.
14-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Highest result since 2020net €88k ▲101%
Operating result €125k, net result €88k, both a record.
30-09
Financial
Equity above €150kEq €153k ▲136%
2 profitable years in a row build equity to €153k.
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €44k
Net result €44k after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Ninove · 1 establishment unit since 2019
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.
Oudstrijdersplein 159400 NinoveGround area
609 m²
Building footprint
353 m²
Volume, LiDAR
3,162 m³
Parcel 41362B1025/00D000, Flanders · tallest building 15.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Oudstrijdersplein 15, 9400 Ninove
since 20192.296.220.820
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41362B1025/00D000 | Flanders | 609 m² | 1 · 353 m² | 15.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
MANTA CONSTRUCT
BE 0779.322.150
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ALPHA REAL ESTATE
BE 0692.797.061
Sint-Niklaas · Eq €228,750
ALESA
BE 0692.698.774
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BLANKENBERGE DEVELOPMENT COMPANY
BE 0678.537.566
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LO PUZZO ET FILS
BE 0897.654.430
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Of 9,694 companies in sector 68121 we hold annual accounts for 7,383. 5,285 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-06-2019
Fiscal year end30-09
Activities, NACEBEL 2025
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.