GEVAS CONSTRUCT
ActiveSummary
GEVAS CONSTRUCT has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €298k and a net result of €172k. Equity is growing by ~34.6% per year across the filed fiscal years. Its solvency ranks better than 31% of 3550 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability79▲+10
Solvency52▲+2
Growth85▲+5
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity tight (current ratio 1.41 against 1.58 in 2023; short-term debt: 65% and cash: 13.8% of total assets), and 73.1% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-10-2025, 69 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
69 d late
2023
56 d late
2022
62 d late
2021
91 d late
2020
166 d late
2019
152 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€2.68M▲ 46.5%
2023 · €1.83M
EBIT margin
8.9%▲ 4.3pp
2023 · 4.6%
Net result
€172k▲ 201%
2023 · €57k
Working capital
€296k▲ 52.5%
2023 · €194k
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
Line20202021202220232024
Turnover€1.09M▲ 25.0%€1.12M▲ 2.5%€1.59M▲ 41.8%€1.83M▲ 15.4%€2.68M▲ 46.5%
Operating result€42k▲ 84.7%€30k▼ 28.8%€59k▲ 97.2%€84k▲ 43.4%€238k▲ 182%
Net result€33k▲ 165%€20k▼ 40.1%€38k▲ 89.8%€57k▲ 52.1%€172k▲ 201%
EBIT margin3.8%▲ 1.2pp2.7%▼ 1.2pp3.7%▲ 1.0pp4.6%▲ 0.9pp8.9%▲ 4.3pp
Equity€60k▲ 25.3%€80k▲ 33.0%€108k▲ 34.6%€150k▲ 39.3%€298k▲ 98.2%
Total assets€362k▼ 11.5%€458k▲ 26.4%€609k▲ 32.8%€611k▲ 0.3%€1.11M▲ 81.0%
Debt€302k▼ 16.4%€378k▲ 25.1%€501k▲ 32.4%€460k▼ 8.1%€807k▲ 75.4%
Working capital€43k▲ 95.9%€69k▲ 59.8%€90k▲ 29.4%€194k▲ 116%€296k▲ 52.5%
Staff (FTE)00.60.6=
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 182% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.11M
Fixed assets
€91k ▲ 12.3%
Current assets
€1.01M ▲ 91.5%
Equity and liabilities €1.11M
Equity
€298k ▲ 98.2%
Debt
€807k ▲ 75.4%
Debt's share of the balance-sheet total falls from 75.4% to 73.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€264k▲
2023 · €113k
Cash flow
€198k▲
2023 · €86k
Current ratio
1.41▼
2023 · 1.58
Debt to equity
2.71▼
2023 · 3.07
ROE
57.9%▲
2023 · 38.2%
ROA
15.6%▲
2023 · 9.4%
Interest coverage
24.09▲
2023 · 13.99
Debt ≤ 1 year
€718k▲
2023 · €335k
Debt > 1 year
€89k▼
2023 · €125k
Income taxes
€55k▲
2023 · €19k
Staff costs
€25k▲
2023 · €25k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €1.09M | €1.12M | €1.59M | €1.83M | €2.68M | ▲ 46.5% |
| Goods, raw materials, services and sundry goods60/61 | - | €1.08M | - | €1.70M | €2.43M | ▲ 42.6% |
| Remuneration, social security and pensions62 | - | €4k | €1.50M | €25k | €25k | ▲ 0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19k | €20k | €21k | €29k | €26k | ▼ 10.6% |
| Other operating charges640/8 | - | €58 | €2k | €2k | €1k | ▼ 21.9% |
| Non-recurring operating charges66A | - | - | - | €676 | - | - |
| Gross operating margin9900 | €72k | €53k | €1.58M | €141k | €290k | ▲ 106% |
| Operating profit (loss)9901 | €42k | €30k | €59k | €84k | €238k | ▲ 182% |
| Financial income75/76B | - | €20 | €142 | €686 | €216 | ▼ 68.5% |
| Recurring financial income75 | €0 | €20 | €142 | €10 | €216 | ▲ 2,057% |
| Non-recurring financial income76B | - | - | - | €676 | - | - |
| Financial charges65/66B | - | €-451 | €7k | €8k | €11k | ▲ 35.1% |
| Recurring financial charges65 | €2k | €-451 | €7k | €8k | €11k | ▲ 35.1% |
| Profit (loss) for the period before taxes9903 | €40k | €30k | €52k | €77k | €227k | ▲ 195% |
| Income taxes67/77 | €7k | €10k | €14k | €19k | €55k | ▲ 180% |
| Profit (loss) for the period9904 | €33k | €20k | €38k | €57k | €172k | ▲ 201% |
| Profit (loss) for the period to be appropriated9905 | €33k | €20k | €38k | €57k | €172k | ▲ 201% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €362k | €458k | €609k | €611k | €1.11M | ▲ 81.0% |
| Fixed assets21/28 | €48k | €28k | €63k | €81k | €91k | ▲ 12.3% |
| Tangible fixed assets22/27 | €48k | €28k | €63k | €81k | €91k | ▲ 12.3% |
| Plant, machinery and equipment23 | - | - | - | €5k | €5k | ▼ 0.1% |
| Furniture and vehicles24 | - | €28k | €63k | €47k | €64k | ▲ 35.6% |
| Leasing and similar rights25 | - | - | - | €29k | €22k | ▼ 23.1% |
| Current assets29/58 | €315k | €430k | €545k | €529k | €1.01M | ▲ 91.5% |
| Amounts receivable within one year40/41 | €304k | €413k | €510k | €393k | €859k | ▲ 118% |
| Trade receivables40 | - | €335k | €389k | €207k | €636k | ▲ 207% |
| Other amounts receivable41 | - | €78k | €121k | €186k | €223k | ▲ 20.1% |
| Cash at bank and in hand54/58 | €10k | €17k | €34k | €109k | €152k | ▲ 40.0% |
| Deferred charges and accrued income490/1 | - | - | €2k | €27k | €3k | ▼ 90.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €362k | €458k | €609k | €611k | €1.11M | ▲ 81.0% |
| Equity10/15 | €60k | €80k | €108k | €150k | €298k | ▲ 98.2% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €52k | €72k | €100k | €142k | €290k | ▲ 104% |
| Amounts payable17/49 | €302k | €378k | €501k | €460k | €807k | ▲ 75.4% |
| Amounts payable after more than one year17 | €31k | €17k | €45k | €125k | €89k | ▼ 28.5% |
| Financial debts170/4 | - | €17k | €45k | €125k | €89k | ▼ 28.5% |
| Amounts payable within one year42/48 | €271k | €361k | €456k | €335k | €718k | ▲ 114% |
| Current portion of amounts payable after more than one year42 | - | €10k | €19k | €30k | €21k | ▼ 29.1% |
| Financial debts43 | - | €21k | €25k | €31k | €30k | ▼ 3.4% |
| Credit institutions430/8 | - | €21k | €25k | €31k | €30k | ▼ 3.4% |
| Trade debts44 | €220k | €322k | €387k | €236k | €567k | ▲ 140% |
| Suppliers440/4 | - | €33k | €64k | €5k | €87 | ▼ 98.4% |
| Bills of exchange payable441 | - | €289k | €323k | €231k | €567k | ▲ 146% |
| Taxes, remuneration and social security45 | - | €8k | €15k | €24k | €75k | ▲ 216% |
| Taxes450/3 | - | €5k | €14k | €23k | €64k | ▲ 173% |
| Remuneration and social security454/9 | - | €2k | €304 | €275 | €11k | ▲ 3,894% |
| Other amounts payable47/48 | - | - | €10k | €15k | €25k | ▲ 66.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33k | €20k | €38k | €57k | €172k | ▲ 201% |
| + Depreciation and write-downs630 | €19k | €20k | €21k | €29k | €26k | ▼ 10.6% |
| Operating cash flow (approximation) | €52k | €40k | €59k | €86k | €198k | ▲ 130% |
| Investment in fixed assets (approximation) | - | €0 | €-56k | €-47k | €-36k | ▲ 23.4% |
| Change in cash | - | €7k | €16k | €75k | €44k | ▼ 42.1% |
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
2025
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 69 days late
2024
31-12
Financial
Highest result since 2018net €172k ▲201%
Operating result €238k, net result €172k, both a record.
31-12
Financial
Equity above €200kEq €298k ▲98.2%
7 profitable years in a row build equity to €298k.
09-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 56 days late
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 56 days late
2023
31-12
Financial
Equity above €150kEq €150k ▲39.3%
6 profitable years in a row build equity to €150k.
01-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 62 days late
2022
31-12
Financial
Equity above €100kEq €108k ▲34.6%
5 profitable years in a row build equity to €108k.
30-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 91 days late
13-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 166 days late
2020
30-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 152 days late
2019
31-12
Financial
Weakest financial yearnet €13k ▼7.4%
Net result drops to €13k, the lowest in the series; recovery starts the following year.
Show earlier events
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 55 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Boortmeerbeek · 1 establishment unit since 2015
Ground area
830 m²
Building footprint
221 m²
Volume, LiDAR
1,177 m³
2 parcels, Brussels, Flanders · tallest building 22.2 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Establishment
since 20152.255.174.081
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24039A0216/00Y002 | Flanders | 701 m² | 1 · 126 m² | - |
| 21362B0250/00W000 | Brussels | 129 m² | 1 · 95 m² | 22.2 m · 4 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.
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,414. 5,395 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
Founded23-12-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
81210General cleaning of buildings
Scores and ratios are computed by Checked and are not a credit decision.