GENERAL CONSTRUCTING
ActiveSummary
The computed 12-month bankruptcy probability of GENERAL CONSTRUCTING is 4.3% (elevated). For GENERAL CONSTRUCTING, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €70,407 and a net result of -€1,285. Equity is shrinking by ~25.2% per year across the filed fiscal years. The company has been active since 1991 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 4 administrative register entries (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability67▲+64
Solvency100=
Growth58=
Track record76
Bankruptcy probability, 12 months
4.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
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Signals
Ten signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2022Solvency, return and age of the figures
Solvency
91.9%
Return on assets
-1.7%
Age of the figures
45 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 25-10-2023, 86 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
86 d late
2021
451 d late
2020
816 d late
2019
1181 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 634 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
4 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Late accounts filingUBO non-compliance×2Strikeout withdrawn
History
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Financials · fiscal year 2022, micro schema
Equity
€70,407▼ 1.8%
2021 · €71,692
Total assets
€76,585▲ 0.4%
2021 · €76,284
Net result
-€1,285▲ 95.0%
2021 · -€25,784
Working capital
€55,139▼ 2.2%
2021 · €56,406
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result-€24,689--€30,267▼ 22.6%-€23,085▲ 23.7%€9,547-€932
Net result-€30,891--€45,873▼ 48.5%-€23,178▲ 49.5%-€25,784▼ 11.2%-€1,285▲ 95.0%
Equity€217,817-€171,944▼ 21.1%€148,766▼ 13.5%€71,692▼ 51.8%€70,407▼ 1.8%
Total assets€395,827-€368,408▼ 6.9%€343,102▼ 6.9%€76,284▼ 77.8%€76,585▲ 0.4%
Debt€178,009-€196,464▲ 10.4%€194,336▼ 1.1%€4,591▼ 97.6%€6,178▲ 34.6%
Working capital€56,406€55,139▼ 2.2%
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 2022: a loss of €932 after €9,547 in 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €76,585
Fixed assets
€15,268 ▼ 0.1%
Current assets
€61,317 ▲ 0.5%
Equity and liabilities €76,585
Equity
€70,407 ▼ 1.8%
Debt
€6,178 ▲ 34.6%
Debt's share of the balance-sheet total rises from 6.0% to 8.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€7,397▼
2021 · €10,937
Cash flow
€7,044▲
2021 · -€24,394
Current ratio
9.92▼
2021 · 13.29
Debt to equity
0.09▲
2021 · 0.06
ROE
-1.8%▲
2021 · -36.0%
ROA
-1.7%▲
2021 · -33.8%
Interest coverage
20.94▲
2021 · 0.31
Debt ≤ 1 year
€6,178▲
2021 · €4,591
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,419 | €27,419 | €25,306 | €1,390 | €8,329 | ▲ 499% |
| Other operating charges640/8 | - | €2,968 | €1,212 | €41,132 | €1,275 | ▼ 96.9% |
| Gross operating margin9900 | €3,901 | €120 | €3,434 | €52,069 | €8,672 | ▼ 83.3% |
| Operating profit (loss)9901 | -€24,689 | -€30,267 | -€23,085 | €9,547 | -€932 | ▼ 110% |
| Financial charges65/66B | - | €3,112 | €94 | €35,331 | €353 | ▼ 99.0% |
| Recurring financial charges65 | €6,203 | €739 | €94 | €34,841 | €353 | ▼ 99.0% |
| Non-recurring financial charges66B | - | €2,372 | - | €490 | - | - |
| Profit (loss) for the period before taxes9903 | -€30,891 | -€33,379 | -€23,178 | -€25,784 | -€1,285 | ▲ 95.0% |
| Income taxes67/77 | - | €12,495 | - | - | - | - |
| Profit (loss) for the period9904 | -€30,891 | -€45,873 | -€23,178 | -€25,784 | -€1,285 | ▲ 95.0% |
| Profit (loss) for the period to be appropriated9905 | -€30,891 | -€45,873 | -€23,178 | -€25,784 | -€1,285 | ▲ 95.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €395,827 | €368,408 | €343,102 | €76,284 | €76,585 | ▲ 0.4% |
| Fixed assets21/28 | €395,827 | €368,408 | €343,102 | €15,286 | €15,268 | ▼ 0.1% |
| Tangible fixed assets22/27 | €395,827 | €368,408 | €343,102 | €15,286 | €15,268 | ▼ 0.1% |
| Land and buildings22 | - | €328,382 | €317,832 | - | - | - |
| Plant, machinery and equipment23 | - | €40,026 | €25,270 | - | - | - |
| Furniture and vehicles24 | - | - | - | €15,286 | €15,268 | ▼ 0.1% |
| Current assets29/58 | - | - | - | €60,998 | €61,317 | ▲ 0.5% |
| Amounts receivable within one year40/41 | - | - | - | €37,761 | €61,042 | ▲ 61.7% |
| Other amounts receivable41 | - | - | - | €37,761 | €61,042 | ▲ 61.7% |
| Cash at bank and in hand54/58 | - | - | - | €22,962 | €0 | ▼ 100.0% |
| Deferred charges and accrued income490/1 | - | - | - | €274 | €274 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €395,827 | €368,408 | €343,102 | €76,284 | €76,585 | ▲ 0.4% |
| Equity10/15 | €217,817 | €171,944 | €148,766 | €71,692 | €70,407 | ▼ 1.8% |
| Contributions10/11 | €120,000 | €269,410 | €269,410 | €269,410 | €269,410 | = |
| Capital10 | - | €269,410 | €269,410 | €269,410 | €269,410 | = |
| Issued capital100 | - | €269,410 | €269,410 | €269,410 | €269,410 | = |
| Revaluation surpluses12 | - | €53,621 | €51,290 | - | - | - |
| Reserves13 | €25,714 | €49,028 | €51,359 | €51,359 | €51,359 | = |
| Non-distributable reserves130/1 | - | €12,000 | €12,000 | €12,000 | €12,000 | = |
| Legal reserve130 | - | €12,000 | €12,000 | €12,000 | €12,000 | = |
| Distributable reserves133 | - | €37,028 | €39,359 | €39,359 | €39,359 | = |
| Profit (loss) carried forward14 | -€154,241 | -€200,115 | -€223,293 | -€249,077 | -€250,362 | ▼ 0.5% |
| Amounts payable17/49 | €178,009 | €196,464 | €194,336 | €4,591 | €6,178 | ▲ 34.6% |
| Amounts payable within one year42/48 | €178,009 | €196,464 | €194,336 | €4,591 | €6,178 | ▲ 34.6% |
| Financial debts43 | - | €120,688 | €120,692 | - | - | - |
| Credit institutions430/8 | - | - | €3 | - | - | - |
| Other loans439 | - | €120,688 | €120,688 | - | - | - |
| Trade debts44 | €4,558 | €13,166 | €14,788 | €4,591 | €6,178 | ▲ 34.6% |
| Suppliers440/4 | - | €13,166 | €14,788 | €4,591 | €6,178 | ▲ 34.6% |
| Taxes, remuneration and social security45 | - | €12,495 | €12,495 | - | - | - |
| Taxes450/3 | - | €12,495 | €12,495 | - | - | - |
| Other amounts payable47/48 | - | €50,115 | €46,362 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€30,891 | -€45,873 | -€23,178 | -€25,784 | -€1,285 | ▲ 95.0% |
| + Depreciation and write-downs630 | €27,419 | €27,419 | €25,306 | €1,390 | €8,329 | ▲ 499% |
| Operating cash flow (approximation) | -€3,472 | -€18,454 | €2,128 | -€24,394 | €7,044 | ▲ 129% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €326,426 | -€8,312 | ▼ 103% |
| Change in cash | - | - | - | - | -€22,962 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
17-09
State Gazette act
Resignation: ROMANIELLO Aldo (managing director)Appointment: FREDY VLIEGHE (managing director) · Registered-office move5 facts ▸
State Gazette act
Resignation: ROMANIELLO Aldo (managing director)
Appointment: FREDY VLIEGHE (managing director) · Registered-office move5 facts ▸
- General meeting, 28-07-2026
- Director resignation, ROMANIELLO Aldo (managing director)
- Director appointment, FREDY VLIEGHE (managing director)
- Registered-office move, 7100 LA Louviére Rue LECAT 11 boite 5
- Other statement, EXPOSE DU PRESIDENT
2025
28-02
KBO administration
UBO non-compliance
event 17-02-2025
2024
01-03
KBO administration
UBO non-compliance
event 22-02-2024
2023
10-11
KBO administration
Strikeout withdrawn
event 25-10-2023
25-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 86 days late
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 451 days late
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 816 days late
25-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 1181 days late
15-09
KBO administration
Late accounts filing
2019
31-12
Financial
Weakest financial yearnet -€45,873
Net result drops to -€45,873, the lowest in the series; recovery starts the following year.
10-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 132 days late
10-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 497 days late
Show earlier events
10-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 862 days late
10-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 1227 days late
08-10
Bankruptcy
Judicial dissolution and immediate closure
Tribunal de l’entreprise du Hainaut, division Mons
2017
10-04
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 619 days late
2015
08-10
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 434 days late
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 office holder, last change in 2026
Day-to-day management 1
FREDY VLIEGHE
CurrentManaging director · since 28-07-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
7 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, La Louvière · 1 establishment unit since 1991
Ground area
411 m²
Building footprint
119 m²
Volume, LiDAR
1,032 m³
2 parcels, Wallonia · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Fernand Clarat(L.L) 36, 7100 La Louvière
since 19912.051.753.106
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55022A0471/00A050 | Wallonia | 216 m² | 1 · 67 m² | 10.7 m · 3 fl. |
| 55373B0163/00R000 | Wallonia | 195 m² | 1 · 52 m² | 11.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 1 in office
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| FREDY VLIEGHE |
|
| ROMANIELLO Aldo |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
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Shareholding
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Identification & contact
Identification
Legal formPublic limited company
Founded06-02-1991
Fiscal year end31-12
Abbreviation FR
GENCO
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.