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GEORGES CONSTRUCT

Active
Private limited companyfounded 20233 yrs activeOudesmidsestraat 20, 1700 Dilbeek, BelgiumKBO/BCE: BE 1000.398.513
Summary

The computed 12-month bankruptcy probability of GEORGES CONSTRUCT is 2.6% (moderate). The 2025 annual accounts show equity of €136,953 and a net result of €66,934. Equity is growing by ~95.7% per year across the filed fiscal years. Its solvency ranks better than 75% of 7564 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Checked score

Score 2025
Axes · tick = 2024
Profitability100=
Solvency92▼-2
Growth52▼-23
Track record86
Bankruptcy probability, 12 months
2.6% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity short (current ratio 0.88 against 1.54 in 2024; short-term debt: 33% and cash: 4.7% of total assets), and 33% of the assets are financed with debt.
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Signals

Six 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Ex-officio strike-off
The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.
KBO publications
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
67%
Return on assets
32.7%
Age of the figures
9 mo
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 02-06-2026, 59 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
59 d early
2024
140 d late
2023
503 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 195 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address struck
Checked, nothing found (1)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline

History

On 27 September 2023, GEORGES CONSTRUCT was incorporated as a Private limited company.1 Total assets went from EUR 3,003 in 2023 to EUR 204,463 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€136,953▲ 95.6%
2024 · €70,019
Total assets
€204,463▲ 101%
2024 · €101,588
Net result
€66,934▼ 0.1%
2024 · €67,019
Working capital
-€8,092
2024 · €17,029
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result€92,466€84,895▼ 8.2%
Net result€67,019above the sector's middle half€66,934above the sector's middle half▼ 0.1%
Equity€3,000below the sector's middle half-€70,019within the sector's middle half▲ 2,234%€136,953above the sector's middle half▲ 95.6%
Total assets€3,003below the sector's middle half-€101,588within the sector's middle half▲ 3,283%€204,463within the sector's middle half▲ 101%
Debt€3-€31,569▲ 1,262,655%€67,510▲ 114%
Working capital€3,000-€17,029▲ 468%-€8,092
Solvency68.9%above the sector's middle half67.0%within the sector's middle half▼ 1.9pp
above within below the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€25,000€50,000€75,000€100,000Operating result 2024: €92,466€92,466Net result 2024: €67,019€67,019Operating result 2025: €84,895€84,895Net result 2025: €66,934€66,934202320242025€0€25,000€50,000€75,000€100,000Operating result 2024: €92,466€92,500Net result 2024: €67,019€67,000Operating result 2025: €84,895€84,900Net result 2025: €66,934€66,900202320242025
The operating result falls in 2025; 2025 is 8% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €204,463
Fixed assets €145,045 ▲ 174%
Current assets €59,417 ▲ 22.3%
Equity and liabilities €204,463
Equity €136,953 ▲ 95.6%
Debt €67,510 ▲ 114%
Debt's share of the balance-sheet total rises from 31.1% to 33.0%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€114,290▲
2024 · €97,026
Cash flow
€96,329▲
2024 · €71,579
Current ratio
0.88▼
2024 · 1.54
Debt to equity
0.49▲
2024 · 0.45
ROE
48.9%▼
2024 · 95.7%
ROA
32.7%▼
2024 · 66.0%
Interest coverage
96.08▼
2024 · 1232.07
Debt ≤ 1 year
€67,510▲
2024 · €31,569
Income taxes
€16,771▼
2024 · €25,369
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 39,275 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€101,588€204,463▲
Fixed assets21/28€52,990€145,045▲
Tangible fixed assets22/27€52,990€145,045▲
Plant, machinery and equipment23€51,112€101,485▲
Furniture and vehicles24€1,878€43,561▲
Current assets29/58€48,597€59,417▲
Amounts receivable within one year40/41€48,597€49,807▲
Trade receivables40€8,679€18,755▲
Other amounts receivable41€39,918€31,052▼
Cash at bank and in hand54/58-€9,610
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€101,588€204,463▲
Equity10/15€70,019€136,953▲
Contributions10/11€3,000€3,000=
Reserves13€67,000€67,000=
Distributable reserves133€67,000€67,000=
Profit (loss) carried forward14€19€66,953▲
Amounts payable17/49€31,569€67,510▲
Amounts payable within one year42/48€31,569€67,510▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€3,573€25,370▲
Suppliers440/4€3,573€25,370▲
Taxes, remuneration and social security45€27,996€42,140▲
Taxes450/3€27,996€42,140▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,560€29,395▲
Other operating charges640/8€834€735▼
Gross operating margin9900€97,860€115,025▲
Operating profit (loss)9901€92,466€84,895▼
Financial charges65/66B€79€1,190▲
Recurring financial charges65€79€1,190▲
Profit (loss) for the period before taxes9903€92,388€83,705▼
Income taxes67/77€25,369€16,771▼
Profit (loss) for the period9904€67,019€66,934▼
Profit (loss) for the period to be appropriated9905€67,019€66,934▼
Appropriation of the result
Profit (loss) to be appropriated9906€67,019€66,953▼
Profit (loss) brought forward from the previous period14P-€19
Transfer to equity691/2€67,000€0▼
To other reserves6921€67,000€0▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€4,560€29,395▲ 545%
Other operating charges640/8-€834€735▼ 11.8%
Gross operating margin9900-€97,860€115,025▲ 17.5%
Operating profit (loss)9901-€92,466€84,895▼ 8.2%
Financial charges65/66B-€79€1,190▲ 1,410%
Recurring financial charges65-€79€1,190▲ 1,410%
Profit (loss) for the period before taxes9903-€92,388€83,705▼ 9.4%
Income taxes67/77-€25,369€16,771▼ 33.9%
Profit (loss) for the period9904-€67,019€66,934▼ 0.1%
Profit (loss) for the period to be appropriated9905-€67,019€66,934▼ 0.1%
Line202320242025Change
Assets
Total assets20/58€3,003€101,588€204,463▲ 101%
Fixed assets21/28-€52,990€145,045▲ 174%
Tangible fixed assets22/27-€52,990€145,045▲ 174%
Plant, machinery and equipment23-€51,112€101,485▲ 98.6%
Furniture and vehicles24-€1,878€43,561▲ 2,219%
Current assets29/58€3,003€48,597€59,417▲ 22.3%
Amounts receivable within one year40/41€3,000€48,597€49,807▲ 2.5%
Trade receivables40-€8,679€18,755▲ 116%
Other amounts receivable41€3,000€39,918€31,052▼ 22.2%
Cash at bank and in hand54/58--€9,610-
Deferred charges and accrued income490/1€3€0--
Equity and liabilities
Total equity and liabilities10/49€3,003€101,588€204,463▲ 101%
Equity10/15€3,000€70,019€136,953▲ 95.6%
Contributions10/11€3,000€3,000€3,000=
Reserves13-€67,000€67,000=
Distributable reserves133-€67,000€67,000=
Profit (loss) carried forward14-€19€66,953▲ 351,729%
Amounts payable17/49€3€31,569€67,510▲ 114%
Amounts payable within one year42/48€3€31,569€67,510▲ 114%
Financial debts43€3€0--
Credit institutions430/8€3€0--
Trade debts44-€3,573€25,370▲ 610%
Suppliers440/4-€3,573€25,370▲ 610%
Taxes, remuneration and social security45-€27,996€42,140▲ 50.5%
Taxes450/3-€27,996€42,140▲ 50.5%
Line202320242025Change
Profit (loss) for the period9904-€67,019€66,934▼ 0.1%
+ Depreciation and write-downs630-€4,560€29,395▲ 545%
Operating cash flow (approximation)-€71,579€96,329▲ 34.6%
Investment in fixed assets (approximation)---€121,450-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
02-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Equity above €100,000Eq €136,953 ▲95.6%
2 profitable years in a row build equity to €136,953.
18-12
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 140 days late
16-12
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 503 days late
2024
16-02
KBO administration Address struck
event 28-11-2023
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 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, Dilbeek · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
527 m²
Building footprint
350 m²
Volume, LiDAR
3,266 m³
2 parcels, Flanders, Wallonia · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.
484 companies at this address See who is registered here
1 establishment unit
GEORGES CONSTRUCT
Rue de Jumet 103, 6041 CharleroiGeneral construction of buildings
since 20242.359.373.956
2 parcels
Flanders 1 (50%) Wallonia 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
23016D0063/00W002 Flanders 300 m² 1 · 299 m² 12.6 m · 3 fl.
52028C0006/00V003 Wallonia 227 m² 1 · 51 m² 11.9 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.

Similar companies · same sector, comparable size

Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 12,791 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded27-09-2023
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43230Insulation installation
E-invoicing
Reachable via Peppol
Peppol ID 0208:1000398513
Registered 01-01-2026

Register as of 27 September 2026 · Peppol Directory

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