GERRITS CONSTRUCT
ActiveGERRITS CONSTRUCT has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €80k and a net result of €45k. Equity is growing by ~34.6% per year across the filed fiscal years. Its solvency ranks better than 52% of 7293 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
86
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency86▲+40
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 1.81 against 1.33 in 2024), but 54.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
45.1%
Return on assets
25.1%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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
13 d late
2024
29 d late
2023
30 d late
2022
112 d late
2021
286 d late
2020
69 d late
2019
62 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€80k▲ 125%
2024 · €36k
2018: €-91k
2019: €-70k
2020: €-64k
2021: €-58k
2022: €-48k
2023: €-19k
2024: €36k
2018 → 2025
Total assets
€178k▲ 27.9%
2024 · €139k
2018: €79k
2019: €55k
2020: €77k
2021: €90k
2022: €89k
2023: €90k
2024: €139k
2018 → 2025
Net result
€45k▼ 17.8%
2024 · €54k
2018: €3k
2019: €22k
2020: €5k
2021: €7k
2022: €10k
2023: €29k
2024: €54k
2018 → 2025
Working capital
€79k▲ 131%
2024 · €34k
2018: €-97k
2019: €-73k
2020: €-68k
2021: €-61k
2022: €-50k
2023: €-22k
2024: €34k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-58k-€-48k▲ 17.7%€-19k▲ 60.8%€36k€80k▲ 125%
Operating result€14k-€17k▲ 23.0%€41k▲ 147%€62k▲ 50.8%€52k▼ 15.7%
Net result€7k-€10k▲ 52.7%€29k▲ 183%€54k▲ 88.2%€45k▼ 17.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 16% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €178k
Fixed assets
€1k▼ 23.4%
Current assets
€177k▲ 28.4%
Equity and liabilities €178k
Equity
€80k▲ 125%
Debt
€98k▼ 5.6%
The debt ratio falls from 74.4% to 54.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€53k▼
2024 · €69k
Cash flow
€45k▼
2024 · €62k
Solvency
45.1%▲
2024 · 25.6%
Current ratio
1.81▲
2024 · 1.33
Quick ratio
1.81▲
2024 · 1.33
Debt / equity
1.22▼
2024 · 2.90
ROE
55.6%▼
2024 · 152.2%
ROA
25.1%▼
2024 · 39.0%
Interest coverage
5.42▼
2024 · 6.68
Debt
€98k▼
2024 · €104k
Debt ≤ 1 year
€98k▼
2024 · €104k
Income taxes
€5k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€139k€178k▲
Fixed assets21/28€1k€1k▼
Tangible fixed assets22/27€660€315▼
Furniture and vehicles24€660€315▼
Financial fixed assets28€732€751▲
Current assets29/58€138k€177k▲
Amounts receivable within one year40/41€137k€176k▲
Trade receivables40€29k€20k▼
Other amounts receivable41€108k€156k▲
Cash at bank and in hand54/58€500€500=
Deferred charges and accrued income490/1€318€322▲
Equity and liabilities
Total equity and liabilities10/49€139k€178k▲
Equity10/15€36k€80k▲
Contributions10/11€32k€32k=
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Profit (loss) carried forward14€973€46k▲
Amounts payable17/49€104k€98k▼
Amounts payable within one year42/48€104k€98k▼
Current portion of amounts payable after more than one year42€19k€15k▼
Financial debts43€70k€70k=
Credit institutions430/8€70k€70k=
Trade debts44€14k€8k▼
Suppliers440/4€14k€8k▼
Taxes, remuneration and social security45€831€5k▲
Taxes450/3€831€5k▲
Accrued charges and deferred income492/3€66€67▲
Income statement
Code20242025
Remuneration, social security and pensions62€10k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€345▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€82k€55k▼
Operating profit (loss)9901€62k€52k▼
Financial income75/76B€5k€7k▲
Recurring financial income75€5k€7k▲
Financial charges65/66B€10k€10k▼
Recurring financial charges65€10k€10k▼
Profit (loss) for the period before taxes9903€57k€50k▼
Income taxes67/77€2k€5k▲
Profit (loss) for the period9904€54k€45k▼
Profit (loss) for the period to be appropriated9905€54k€45k▼
Appropriation of the result
Profit (loss) to be appropriated9906€973€46k▲
Profit (loss) brought forward from the previous period14P€-53k€973▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €54k ▲88.2%
Operating result €62k, net result €54k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
20-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 112 days late
13-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 286 days late
2021
08-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 69 days late
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 62 days late
2019
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 56 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Heers · 1 establishment unit since 1995
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.
Burgemeestersstraat(M.B.) 32A3870 HeersGround area
513 m²
Building footprint
513 m²
Volume, LiDAR
3,490 m³
Parcel 73049B0325/00A002, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Gerrits Construct
since 19952.072.288.994
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73049B0325/00A002 | Flanders | 513 m² | 1 · 513 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,531 companies in sector 41001 we hold annual accounts for 15,863. 13,058 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded24-05-1995
Fiscal year end31-12
Activities, NACEBEL
01410Raising of dairy cattle
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
43211General electrical installation work
43990Other specialised construction activities
43999Specialised construction activities
45211
45310
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.