GEORGE CONSTRUCT

Active

Private limited company (pre-2019)founded 200718 yrs activeNeerstallesteenweg 505/3, 1180 Ukkel, BelgiumKBO/BCE: BE 0893.819.465

Summary

The computed 12-month bankruptcy probability of GEORGE CONSTRUCT is 1.6% (moderate). The 2024 annual accounts show equity of €73k and a net result of €54k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 66% of 36375 sector peers (fiscal year 2024). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

59 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100▲+100

Solvency86▲+26

Growth78▲+46

Track record100

Bankruptcy probability, 12 months

1.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €4k at 30 days only on tighter terms

Liquidity ample (current ratio 2.45 against 1.32 in 2023; short-term debt: 38.5% and cash: 8.8% of total assets), and 39% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Growing equity

Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €73k

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-11-2025, 112 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

112 d late

2023

50 d late

2022

128 d late

2021

79 d late

2020

88 d late

2019

122 d late

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€54k

2023 · €-14k

2018: €25k 2019: €22k 2020: €94k 2021: €-49k 2022: €-29k 2023: €-14k

2018 → 2024

Working capital

€67k▲ 496%

2023 · €11k

2018: €97k 2019: €95k 2020: €144k 2021: €75k 2022: €22k 2023: €11k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€112k-€62k▼ 44.3%€33k▼ 46.9%€19k▼ 42.1%€73k▲ 282%

Operating result€111k-€-46k€12k€-6k€62k

Net result€94k-€-49k€-29k▲ 41.0%€-14k▲ 52.3%€54k

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €62k after a loss of €6k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €120k

94.4%

Fixed assets €7k ▼ 21.4%

Current assets €113k ▲ 146%

Equity and liabilities €120k

61.0%

39.0%

Equity €73k ▲ 282%

Debt €47k ▲ 32.3%

Debt's share of the balance-sheet total falls from 64.9% to 39.0%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€63k▲

2023 · €-3k

Cash flow

€56k▲

2023 · €-11k

Current ratio

2.45▲

2023 · 1.32

Debt to equity

0.64▼

2023 · 1.85

ROE

73.8%▲

2023 · -72.7%

ROA

45.0%▲

2023 · -25.5%

Interest coverage

10.39▲

2023 · -0.35

Debt ≤ 1 year

€46k▲

2023 · €35k

Income taxes

€925▲

2023 · €136

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 · 2024 against 2023 · 41 lines

Balance sheet Code20232024

Assets

Total assets20/58€55k€120k▲

Fixed assets21/28€9k€7k▼

Tangible fixed assets22/27€6k€5k▼

Plant, machinery and equipment23€2k€1k▼

Furniture and vehicles24€4k€3k▼

Financial fixed assets28€2k€2k=

Current assets29/58€46k€113k▲

Amounts receivable within one year40/41€27k€94k▲

Trade receivables40€19k€30k▲

Other amounts receivable41€8k€64k▲

Cash at bank and in hand54/58€10k€11k▲

Deferred charges and accrued income490/1€9k€8k▼

Equity and liabilities

Total equity and liabilities10/49€55k€120k▲

Equity10/15€19k€73k▲

Contributions10/11€19k€19k=

Profit (loss) carried forward14€555€55k▲

Amounts payable17/49€35k€47k▲

Amounts payable within one year42/48€35k€46k▲

Financial debts43€25k€25k=

Credit institutions430/8€25k€25k=

Trade debts44€3k€12k▲

Suppliers440/4€3k€12k▲

Taxes, remuneration and social security45€256€9k▲

Taxes450/3€256€9k▲

Other amounts payable47/48€6k-

Accrued charges and deferred income492/3€706€665▼

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼

Other operating charges640/8€3k€1k▼

Gross operating margin9900€-206€65k▲

Operating profit (loss)9901€-6k€62k▲

Financial income75/76B€2€1k▲

Recurring financial income75€2€1k▲

Financial charges65/66B€8k€8k▼

Recurring financial charges65€8k€6k▼

Non-recurring financial charges66B-€2k

Profit (loss) for the period before taxes9903€-14k€55k▲

Income taxes67/77€136€925▲

Profit (loss) for the period9904€-14k€54k▲

Profit (loss) for the period to be appropriated9905€-14k€54k▲

Appropriation of the result

Profit (loss) to be appropriated9906€555€55k▲

Profit (loss) brought forward from the previous period14P€14k€555▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

2025

20-11

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 112 days late

2024

31-12

Financial Back to profitnet €54k

Net result €54k after 3 loss-making years.

19-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 50 days late

2023

06-12

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 128 days late

2022

18-10

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 79 days late

2021

31-12

Financial Weakest financial yearnet €-49k ▼152%

Net result drops to €-49k, the lowest in the series; recovery starts the following year.

27-10

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 88 days late

2020

31-12

Financial Highest result since 2018net €94k ▲332%

Operating result €111k, net result €94k, both a record.

31-12

Financial Equity above €100kEq €112k ▲94.2%

3 profitable years in a row build equity to €112k.

30-11

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 122 days late

2019

07-10

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 68 days late

2018

30-09

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 61 days late

2017

29-09

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 60 days late

2016

25-09

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 56 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

26 acts for this company are 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, Ukkel · 1 establishment unit since 2007

establishment The establishment unit on the map

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.

Neerstallesteenweg 505/31180 Ukkel

Ground area

311 m²

Building footprint

249 m²

Volume, LiDAR

2,363 m³

2 parcels, Brussels · tallest building 15.5 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

Fik Guidonstraat 5, 1080 Sint-Jans-MolenbeekRaising of dairy cattle

since 20072.166.792.928

2 parcels

Brussels 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21526D0033/00C007	Brussels	190 m²	1 · 127 m²	12.6 m · 3 fl.
21616G0097/00R000	Brussels	121 m²	1 · 121 m²	15.5 m · 5 fl.

Linked by address, not proof of ownership

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.

Similar companies · same sector, comparable size

Schaarbeek · Eq €73,146

SE WORK

BE 0552.988.090

Machelen (Brab.) · Eq €73,142

ANDREW FANNI

BE 0777.724.521

Thimister-Clermont · Eq €73,180

Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 6,236 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 (pre-2019)

Founded29-11-2007

Fiscal year end31-12

Activities, NACEBEL 2025

43990Other specialised construction activities

52250Logistics services

81300Landscape service activities

Sources

Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.