GERARD CONSTRUCT
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 09-06-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 87% higher than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2024 | 31-12-2025 |
|---|---|---|
| Employees at the balance-sheet date | 3 | 3 |
| full-time | 3 | 3 |
| part-time | 0 | - |
| in full-time equivalents | 3 | 3 |
| Average over the year, in full-time equivalents | 2.8 | 3 |
| On a permanent contract | 2 | 2 |
| Joined | 6 | 3 |
| Left | 3 | 3 |
| Training hours | 520 | 1,216 |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €70,871 | €5,888 |
| Intangible fixed assets | €2,500 | - |
| Depreciation and write-downs of the year | €3,786 | €14,648 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €49,531 | €82,136 | ▲ 65.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,786 | €14,648 | ▲ 287% |
| Other operating charges640/8 | €140 | €497 | ▲ 254% |
| Gross operating margin9900 | €60,804 | €111,043 | ▲ 82.6% |
| Operating profit (loss)9901 | €7,346 | €13,762 | ▲ 87.3% |
| Financial income75/76B | €340 | €261 | ▼ 23.3% |
| Recurring financial income75 | €340 | €261 | ▼ 23.3% |
| Financial charges65/66B | €192 | €1,470 | ▲ 668% |
| Recurring financial charges65 | €192 | €1,470 | ▲ 668% |
| Profit (loss) for the period before taxes9903 | €7,495 | €12,553 | ▲ 67.5% |
| Income taxes67/77 | €1,501 | €1,063 | ▼ 29.2% |
| Profit (loss) for the period9904 | €5,994 | €11,490 | ▲ 91.7% |
| Profit (loss) for the period to be appropriated9905 | €5,994 | €11,490 | ▲ 91.7% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €104,444 | €105,382 | ▲ 0.9% |
| Fixed assets21/28 | €69,585 | €60,824 | ▼ 12.6% |
| Intangible fixed assets21 | €2,367 | €2,117 | ▼ 10.6% |
| Tangible fixed assets22/27 | €67,218 | €58,707 | ▼ 12.7% |
| Plant, machinery and equipment23 | €6,414 | €9,080 | ▲ 41.6% |
| Furniture and vehicles24 | €24,944 | €20,944 | ▼ 16.0% |
| Leasing and similar rights25 | €35,859 | €28,683 | ▼ 20.0% |
| Current assets29/58 | €34,859 | €44,557 | ▲ 27.8% |
| Amounts receivable within one year40/41 | €5,912 | €7,963 | ▲ 34.7% |
| Trade receivables40 | €1,664 | €1,986 | ▲ 19.3% |
| Other amounts receivable41 | €4,248 | €5,977 | ▲ 40.7% |
| Cash at bank and in hand54/58 | €23,709 | €31,711 | ▲ 33.8% |
| Deferred charges and accrued income490/1 | €5,238 | €4,884 | ▼ 6.8% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €104,444 | €105,382 | ▲ 0.9% |
| Equity10/15 | €10,194 | €20,825 | ▲ 104% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Reserves13 | €5,194 | €15,825 | ▲ 205% |
| Distributable reserves133 | €5,194 | €15,825 | ▲ 205% |
| Amounts payable17/49 | €94,250 | €84,557 | ▼ 10.3% |
| Amounts payable after more than one year17 | €26,750 | €20,809 | ▼ 22.2% |
| Financial debts170/4 | €26,750 | €20,809 | ▼ 22.2% |
| Amounts payable within one year42/48 | €65,651 | €61,299 | ▼ 6.6% |
| Current portion of amounts payable after more than one year42 | €5,668 | €5,941 | ▲ 4.8% |
| Trade debts44 | €1,862 | €1,206 | ▼ 35.2% |
| Suppliers440/4 | €1,862 | €1,206 | ▼ 35.2% |
| Taxes, remuneration and social security45 | €12,764 | €4,699 | ▼ 63.2% |
| Taxes450/3 | €1,564 | - | - |
| Remuneration and social security454/9 | €11,201 | €4,699 | ▼ 58.0% |
| Other amounts payable47/48 | €45,357 | €49,452 | ▲ 9.0% |
| Accrued charges and deferred income492/3 | €1,848 | €2,449 | ▲ 32.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €5,994 | €11,490 | ▲ 91.7% |
| + Depreciation and write-downs630 | €3,786 | €14,648 | ▲ 287% |
| Operating cash flow (approximation) | €9,780 | €26,138 | ▲ 167% |
| Investment in fixed assets (approximation) | - | -€5,888 | - |
| Change in cash | - | €8,002 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 7,976 companies had the same profile as GERARD CONSTRUCT has now. Two years later, 94.4% were still going and 3.6% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GERARD CONSTRUCT itself: 1.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,976 companies, not a prediction for GERARD CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.