Gewi Construct
ActiveSummary
Gewi Construct has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €45k and a net result of €67k. Equity is growing by ~122.1% per year across the filed fiscal years. Its solvency ranks better than 37% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability99▲+88
Solvency42▲+26
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 20.24 against 1.72 in 2023; short-term debt: 4.9% and cash: 76.2% of total assets), but 83.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
16.6%
Return on assets
24.4%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-07-2025, 28 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
35 d early
2022
56 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€45k
2023 · €-21k
2022: €-7k
2023: €-21k▼ -214% vs 2022lowest in 3 years
2024: €45k▲ +312% vs 2023highest in 3 years
2022 → 2024
Total assets
€274k▲ 16.8%
2023 · €235k
2022: €195klowest in 3 years
2023: €235k▲ +20.3% vs 2022
2024: €274k▲ +16.8% vs 2023highest in 3 years
2022 → 2024
Net result
€67k
2023 · €-15k
2022: €-9k
2023: €-15k▼ -56.4% vs 2022lowest in 3 years
2024: €67k▲ +558% vs 2023highest in 3 years
2022 → 2024
Working capital
€259k▲ 166%
2023 · €98k
2022: €191k
2023: €98k▼ -48.9% vs 2022lowest in 3 years
2024: €259k▲ +166% vs 2023highest in 3 years
2022 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€-7k-€-21k▼ 214%€45k
2022: €-7k
2023: €-21k▼ -214% vs 2022lowest in 3 years
2024: €45k▲ +312% vs 2023highest in 3 years
Operating result€-8k-€-5k▲ 35.6%€88k
2022: €-8klowest in 3 years
2023: €-5k▲ +35.6% vs 2022
2024: €88k▲ +1814% vs 2023highest in 3 years
Net result€-9k-€-15k▼ 56.4%€67k
2022: €-9k
2023: €-15k▼ -56.4% vs 2022lowest in 3 years
2024: €67k▲ +558% vs 2023highest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €88k after a loss of €5k in 2023, the highest result in the available series.
Balance-sheet composition
Equity and liabilities €274k
Equity
€45k
Debt
€229k
Debt finances 83.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€89k▲
2023 · €-5k
Cash flow
€68k▲
2023 · €-14k
Current ratio
20.24▲
2023 · 1.72
Quick ratio
19.80▲
2023 · 0.19
Debt to equity
5.02▲
2023 · -11.95
ROE
147.1%
ROA
24.4%▲
2023 · -6.2%
Interest coverage
8.46▲
2023 · -0.48
Debt ≤ 1 year
€13k▼
2023 · €135k
Debt > 1 year
€205k▲
2023 · €118k
Income taxes
€11k
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 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€235k€274k▲
Formation expenses20€2k€1k▼
Current assets29/58€233k€273k▲
Stocks and contracts in progress3€208k€6k▼
Stocks30/36€208k€6k▼
Amounts receivable within one year40/41€23k€58k▲
Trade receivables40€1k€0▼
Other amounts receivable41€21k€58k▲
Cash at bank and in hand54/58€3k€209k▲
Equity and liabilities
Total equity and liabilities10/49€235k€274k▲
Equity10/15€-21k€45k▲
Contributions10/11€3k€3k=
Reserves13-€43k
Distributable reserves133-€43k
Profit (loss) carried forward14€-24k€0▲
Amounts payable17/49€256k€229k▼
Amounts payable after more than one year17€118k€205k▲
Financial debts170/4€110k€205k▲
Trade debts175€8k€0▼
Amounts payable within one year42/48€135k€13k▼
Current portion of amounts payable after more than one year42€125k€0▼
Trade debts44€10k€356▼
Suppliers440/4€10k€356▼
Taxes, remuneration and social security45-€11k
Taxes450/3-€11k
Other amounts payable47/48-€2k
Accrued charges and deferred income492/3€3k€10k▲
Income statement
Code20232024
Non-recurring operating income76A-€370k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€600€600=
Other operating charges640/8€1k€2k▲
Gross operating margin9900€-4k€91k▲
Operating profit (loss)9901€-5k€88k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€9k€10k▲
Recurring financial charges65€9k€10k▲
Profit (loss) for the period before taxes9903€-15k€78k▲
Income taxes67/77-€11k
Profit (loss) for the period9904€-15k€67k▲
Profit (loss) for the period to be appropriated9905€-15k€67k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-24k€43k▲
Profit (loss) brought forward from the previous period14P€-9k€-24k▼
Transfer to equity691/2-€43k
To other reserves6921-€43k
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €370k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €700 | €600 | €600 | = |
| Other operating charges640/8 | €2k | €1k | €2k | ▲ 101% |
| Gross operating margin9900 | €-6k | €-4k | €91k | ▲ 2,683% |
| Operating profit (loss)9901 | €-8k | €-5k | €88k | ▲ 1,814% |
| Financial income75/76B | €250 | €0 | - | - |
| Recurring financial income75 | €250 | €0 | - | - |
| Financial charges65/66B | €2k | €9k | €10k | ▲ 10.9% |
| Recurring financial charges65 | €2k | €9k | €10k | ▲ 10.9% |
| Profit (loss) for the period before taxes9903 | €-9k | €-15k | €78k | ▲ 632% |
| Income taxes67/77 | - | - | €11k | - |
| Profit (loss) for the period9904 | €-9k | €-15k | €67k | ▲ 558% |
| Profit (loss) for the period to be appropriated9905 | €-9k | €-15k | €67k | ▲ 558% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €195k | €235k | €274k | ▲ 16.8% |
| Formation expenses20 | €2k | €2k | €1k | ▼ 35.3% |
| Current assets29/58 | €193k | €233k | €273k | ▲ 17.1% |
| Stocks and contracts in progress3 | €172k | €208k | €6k | ▼ 97.1% |
| Stocks30/36 | €172k | €208k | €6k | ▼ 97.1% |
| Amounts receivable within one year40/41 | €19k | €23k | €58k | ▲ 158% |
| Trade receivables40 | €2k | €1k | €0 | ▼ 100% |
| Other amounts receivable41 | €17k | €21k | €58k | ▲ 171% |
| Cash at bank and in hand54/58 | €3k | €3k | €209k | ▲ 7,895% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €195k | €235k | €274k | ▲ 16.8% |
| Equity10/15 | €-7k | €-21k | €45k | ▲ 312% |
| Contributions10/11 | €3k | €3k | €3k | = |
| Reserves13 | - | - | €43k | - |
| Distributable reserves133 | - | - | €43k | - |
| Profit (loss) carried forward14 | €-9k | €-24k | €0 | ▲ 100% |
| Amounts payable17/49 | €202k | €256k | €229k | ▼ 10.8% |
| Amounts payable after more than one year17 | €200k | €118k | €205k | ▲ 74.5% |
| Financial debts170/4 | €200k | €110k | €205k | ▲ 86.4% |
| Trade debts175 | - | €8k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €2k | €135k | €13k | ▼ 90.0% |
| Current portion of amounts payable after more than one year42 | - | €125k | €0 | ▼ 100% |
| Trade debts44 | €2k | €10k | €356 | ▼ 96.6% |
| Suppliers440/4 | €2k | €10k | €356 | ▼ 96.6% |
| Taxes, remuneration and social security45 | - | - | €11k | - |
| Taxes450/3 | - | - | €11k | - |
| Other amounts payable47/48 | - | - | €2k | - |
| Accrued charges and deferred income492/3 | - | €3k | €10k | ▲ 210% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-9k | €-15k | €67k | ▲ 558% |
| + Depreciation and write-downs630 | €700 | €600 | €600 | = |
| Operating cash flow (approximation) | €-9k | €-14k | €68k | ▲ 582% |
| Change in cash | - | €45 | €206k | ▲ 458,749% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €67k
Net result €67k after 2 loss-making years.
31-12
Financial
Liquidity times 12current ratio 20.24
Current ratio from 1.72 to 20.24; short-term debt falls from €135k to €13k.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Oosterzele · 1 establishment unit since 2021
Ground area
4,459 m²
Building footprint
195 m²
Volume, LiDAR
964 m³
Parcel 44007A0647/00D000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Gewi Construct
since 20212.313.196.414
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44007A0647/00D000 | Flanders | 4,458 m² | 1 · 195 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 9,693 companies in sector 68121 we hold annual accounts for 7,385. 4,930 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
Founded04-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
68122Development of non-residential building projects
43320Joinery installation
Scores and ratios are computed by Checked and are not a credit decision.