Ge-Grond Construct
ActiveFrom the official registers: KBO 2 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The annual accounts of Ge-Grond Construct for financial year 2025 show a net loss of 99% of the equity at the start of that year. The 2025 annual accounts show equity of €263 and a net result of -€34,058. Its solvency ranks better than 17% of 11,221 sector peers (NACE 68, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Official details
KBO- Status
- Active since 03-10-2023 Normal situation
- Legal form
- Private limited company
- Registered office
- Kraaienhorst 2, 2960 Brecht
- Activity
- Development of residential building projects NACE 68121
- Establishment unit
- 2.350.380.571 2960 Brecht, since 03-10-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 15-11-2024
Who decides
- QUIRIJNEN Luc Adriaan LouisaDirector · since 03-10-2023
- RELECOM PieterDirector · since 03-10-2023
- VAN BESIEN Steven Herman Jozef DirkDirector · since 03-10-2023
How it is doing
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- -€4,409
- Loss
- €34,058
- Equity
- €263
- ▼ 99.2%
- Total assets
- €1.6m
- ▲ 349%
Why 53raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearEquity €263 (0.0% of total assets)lowers riskSize: total assets €1.6mSector: Real estate activities (NACE 68)Figures for financial year 2025 (filed 01-05-2026)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 68, micro): better than 20% on solvency, 7% on liquidity, 28% on profitability and 5% 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 57 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, abbreviated format
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 30-04-2026
- Format
- abbreviated format
- Reference
- 2026-00098140
2024 to 2025, 2 financial years
The operating result turns negative in 2025: a loss of €4,929 after €5,495 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 865 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96.6% are still going.
- Small
- 2 to 5 years old
- solvency under 10%
- a small loss
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 865 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | €890 | €520 | ▼ 41.6% |
| Gross operating margin9900 | €6,385 | -€4,409 | - |
| Operating profit (loss)9901 | €5,495 | -€4,929 | - |
| Financial charges65/66B | €85 | €29,129 | ▲ 341× |
| Recurring financial charges65 | €85 | €29,129 | ▲ 341× |
| Profit (loss) for the period before taxes9903 | €5,410 | -€34,058 | - |
| Income taxes67/77 | €1,089 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €4,321 | -€34,058 | - |
| Profit (loss) for the period to be appropriated9905 | €4,321 | -€34,058 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €0.4m | €1.6m | ▲ 349% |
| Current assets29/58 | €0.4m | €1.6m | ▲ 349% |
| Stocks and contracts in progress3 | - | €1.5m | - |
| Contracts in progress37 | - | €1.5m | - |
| Amounts receivable within one year40/41 | €0.4m | €0.07m | ▼ 80.2% |
| Trade receivables40 | €0.3m | €0.07m | ▼ 79.3% |
| Other amounts receivable41 | €0.01m | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €0.01m | €0.05m | ▲ 361% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €0.4m | €1.6m | ▲ 349% |
| Equity10/15 | €0.03m | €263 | ▼ 99.2% |
| Contributions10/11 | €0.03m | €0.03m | = |
| Reserves13 | €0.004m | €0 | ▼ 100% |
| Distributable reserves133 | €0.004m | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | -€0.03m | - |
| Amounts payable17/49 | €0.3m | €1.6m | ▲ 396% |
| Amounts payable within one year42/48 | €0.3m | €1.6m | ▲ 396% |
| Trade debts44 | €0.06m | €0.08m | ▲ 42.8% |
| Suppliers440/4 | €0.06m | €0.08m | ▲ 42.8% |
| Advances received on contracts in progress46 | - | €1.0m | - |
| Taxes, remuneration and social security45 | €0.001m | €0.06m | ▲ 53× |
| Taxes450/3 | €0.001m | €0.06m | ▲ 53× |
| Other amounts payable47/48 | €0.3m | €0.5m | ▲ 98.5% |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| QUIRIJNEN Luc Adriaan Louisa |
|
| RELECOM Pieter |
|
| VAN BESIEN Steven Herman Jozef Dirk |
|
How the board is organised
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Indien de vennootschap door meer dan één bestuurders wordt bestuurd, vormen zij een collegiaal bestuursorgaan. Het collegiaal bestuursorgaan…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Benoemd met of zonder beperking van duur, een of meer bestuurders”
Articles of association, deed of 05-10-2023
Owners and capital
Capital and shareholders
- QUIRIJNEN Luc Adriaan Louisa founder
- VAN BESIEN Steven Herman Jozef Dirk founder
- RELECOM Pieter founder
- 05-10-2023 Incorporation · €30,000 · 300 shares
Shares according to the articles of association
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “Binnen grenzen toepasselijke wettelijke bepalingen, reservering bij gebrek aan bestemmingsbeslissing”
- Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
- 1 more provision in the deed, see the deed of 05-10-2023
Articles of association, deed of 05-10-2023 (in Dutch)
Group and network
Connections & network
2 connected companiesThe connected companies are in the list below.
History
Acts, filings and financial milestones
05-10
Gazette deed
IncorporationAppointments: QUIRIJNEN Luc Adriaan Louisa, VAN BESIEN Steven Herman Jozef Dirk and RELECOM Pieter · Founder · Founding capital10 facts ▸
- Founder, QUIRIJNEN Luc Adriaan Louisa
- Founder, VAN BESIEN Steven Herman Jozef Dirk
- Founder, RELECOM Pieter
- Founding capital, €30,000
- Other provision, “statutair onbeschikbare eigenvermogensrekening” (deed in Dutch)
- Director appointment, QUIRIJNEN Luc Adriaan Louisa (director (not named in the articles))
- Director appointment, VAN BESIEN Steven Herman Jozef Dirk (director (not named in the articles))
- Director appointment, RELECOM Pieter (director (not named in the articles))
- Other provision, “volmachten, Nihil” (deed in Dutch)
- Bank account, 02-10-2023
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1000.668.331
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- Name clauseThe name the company operates under according to its articles.
- Ge-Grond Construct
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, Kraaienhorst 2B,2960 Brecht”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Monday of May at 10:00
Articles of association, deed of 05-10-2023 (in Dutch)
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11043D0660/00C000 | Flanders | 3,530 m² | 1 · 1,857 m² | 7.4 m · 2 |