Equity
€100,468 ▲ 101%
Equity rose in 2025 from €50,020 to €100,468.
GFG CONSTRUCT
Lifetime
3 annual accounts with figures on one time axispeak €72,684 (2025)
€72,684▲ 12.7%
peak €50,448 (2025)
€50,448▲ 9.0%
peak €100,468 (2025)
€100,468▲ 101%
€67,261▲ 185%
Board1 name since 2023
1 directorGHEORGHITA Florin
Documentsfilings and deeds
27-08-202627 days late
2025abbreviated format
Gross margin from €64,502 to €72,684Equity from €50,020 to €100,468Debts from €23,610 to €67,261Cash from €8,486 to €11,709
Key points
from the 2025 annual accountsTurnover
≈ €290,000 estimated
The accounts state no turnover.
Investments
€1,240 1.6 × depreciation
Green is investment, beige is depreciation.
Filings
3 annual accounts 1 late
The 2025 accounts came 27 days late. The other two were filed on time.
Starting capital
€1,000 100 shares
At the same address
617 companies
Checked score
53
Fair
Financially stronger than 71% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.7% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.2%
01-2025: 1.1%▼ -0.1 percentage points vs 12-2024lowest value
02-2025: 1.2%▲ +0.1 percentage points vs 01-2025
03-2025: 1.2%● unchanged vs 02-2025
04-2025: 1.3%▲ +0.1 percentage points vs 03-2025
05-2025: 1.3%● unchanged vs 04-2025
06-2025: 1.3%● unchanged vs 05-2025
07-2025: 1.4%▲ +0.1 percentage points vs 06-2025
08-2025: 2.5%▲ +1.1 percentage points vs 07-2025
09-2025: 2.5%● unchanged vs 08-2025
10-2025: 2.5%● unchanged vs 09-2025
11-2025: 2.5%● unchanged vs 10-2025
12-2025: 2.5%● unchanged vs 11-2025
01-2026: 2.5%● unchanged vs 12-2025
02-2026: 2.5%● unchanged vs 01-2026
03-2026: 2.5%● unchanged vs 02-2026
04-2026: 2.6%▲ +0.1 percentage points vs 03-2026
05-2026: 2.7%▲ +0.1 percentage points vs 04-2026
06-2026: 2.7%● unchanged vs 05-2026
07-2026: 2.9%▲ +0.2 percentage points vs 06-2026
08-2026: 3.4%▲ +0.5 percentage points vs 07-2026
09-2026: 3.5%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 2.8%▼ -0.7 percentage points vs 09-2026
11-2026: 2.7%▼ -0.1 percentage points vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2023
Sector: Construction of residential and non-residential buildings (NACE 41)
Size: total assets €167,729
lowers risk
Equity €100,468 (59.9% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 69% of them on solvency, 37% on liquidity, 91% on profitability and 88% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as GFG CONSTRUCT has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of GFG CONSTRUCT itself is higher: 2.7% within 12 months. It rests on far more data about GFG CONSTRUCT than the profile alone.
Test of the method
The method was tested on the 497,447 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 39,278 companies, not a prediction for GFG 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.
Credit verdict
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.51 (3.07 in 2024), above the usual 1.5. Short-term debt is 39.5% and cash 7% of total assets. 40.1% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
27 days late
2024
14 days early
2023
40 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 9 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 July (3 of the last 3 accounts filed within 41 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0798650983
Incorporation
Founding capital of €1,000, 100 shares · Founder: GHEORGHITA Florin (comparant) · Appointment: GHEORGHITA Florin (director) · published on 22-02-2023 · Gazette deed
First establishment
Koningslaan 140, Forest
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GFG CONSTRUCT Sint-Pieters-Leeuw | - | - | 59.9% | - |
| S&B PROF CONSTRUCT Sint-Pieters-Leeuw | €1.1m | 2.7% | 50.4% | - |
| NEDER COMPANY Vilvoorde | - | - | 66.7% | - |
| STONERY Dilbeek | €0.06m | 87.2% | 72.1% | - |
| BELGIQDURÁN CONSTRUCT Dilbeek | - | - | 51.6% | - |
| JVE & ZOON Geetbets | - | - | 48.7% | - |
| VIONS Drogenbos | - | - | 56.9% | - |
These companies have the same main activity as GFG CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €142,000 and €184,000, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 20-02-2023Normal situation
- Registered office
- 619 active companies are registered at this address122 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- General construction of residential buildingsNACE 41001and 3 others
- Establishment unit
- 2.341.779.8391190 Forest, since 20-02-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 08-05-2026
Insights on GFG CONSTRUCT
GFG CONSTRUCT files the abbreviated format. That format states no turnover. The gross margin rose from €4,376 in 2023 to €72,684 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GFG CONSTRUCT
- What is the company number of GFG CONSTRUCT?
- The company number of GFG CONSTRUCT is 0798.650.983. The VAT number is the same number with BE in front: BE 0798.650.983.
- Where is GFG CONSTRUCT based?
- The registered office is at Bergensesteenweg 24, 1600 Sint-Pieters-Leeuw.Company details
- What does GFG CONSTRUCT do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of GFG CONSTRUCT?
- GFG CONSTRUCT is a private limited company (BV).
- When was GFG CONSTRUCT founded?
- GFG CONSTRUCT was founded on 20-02-2023.
- Is GFG CONSTRUCT still active?
- Yes, GFG CONSTRUCT is an active enterprise in the KBO register.
- What is the turnover of GFG CONSTRUCT?
- The turnover in financial year 2025 is ≈ €290,000. This figure is estimated from the gross margin of €72,684 and 38 comparable companies (NACE 41001). It probably lies between €200,000 and €410,000.Financials
- Is GFG CONSTRUCT profitable?
- In financial year 2025, GFG CONSTRUCT made a profit of €50,448.
- Where can I find the annual accounts of GFG CONSTRUCT?
- GFG CONSTRUCT filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GFG CONSTRUCT due?
- GFG CONSTRUCT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.