GG19 CONSTRUCT
Open bankruptcyA bankruptcy procedure is open for GG19 CONSTRUCT according to publications in the Belgian State Gazette; curator: CHARLOTTE PIERS.
Summary
The file additionally contains 1 administrative flag. The 2023 annual accounts show equity of €40k and a net result of €13k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 31-08-2024, 31 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
31 d late
2022
65 d late
2021
25 d late
2020
58 d late
2019
111 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2023, micro schema
Turnover
€140k▲ 120%
2019 · €63k
2018: €103k
2019: €63k
2018 → 2020
EBIT margin
39.8%▲ 43.2pp
2019 · -3.4%
2018: -14.9%
2019: -3.4%
2018 → 2020
Net result
€13k▲ 46.0%
2022 · €9k
2018: €-16k
2019: €21k
2020: €48k
2021: €-23k
2022: €9k
2018 → 2023
Working capital
€39k▲ 70.7%
2022 · €23k
2018: €-41k
2019: €-10k
2020: €26k
2021: €6k
2022: €23k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Turnover€63k-€140k▲ 120%
Equity€-7k-€41k€18k▼ 56.2%€27k▲ 49.7%€40k▲ 48.5%
Operating result€-2k-€56k€-23k€10k€13k▲ 30.4%
Net result€21k-€48k▲ 123%€-23k€9k€13k▲ 46.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed two years in a row; 2023 is 30% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €68k
Fixed assets
€907 ▼ 77.4%
Current assets
€68k ▲ 90.8%
Equity and liabilities €68k
Equity
€40k ▲ 48.5%
Debt
€29k ▲ 127%
Debt's share of the balance-sheet total rises from 32.1% to 42.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16k▼
2022 · €18k
Cash flow
€16k▼
2022 · €17k
Current ratio
2.35▼
2022 · 2.80
Debt to equity
0.72▲
2022 · 0.47
ROE
32.6%▼
2022 · 33.2%
ROA
18.9%▼
2022 · 22.5%
Interest coverage
97.50▼
2022 · 98.23
Debt ≤ 1 year
€29k▲
2022 · €13k
Income taxes
€136▼
2022 · €576
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 · 2023 against 2022 · 41 lines
Balance sheet
Code20222023
Assets
Total assets20/58€39k€68k▲
Fixed assets21/28€4k€907▼
Tangible fixed assets22/27€4k€675▼
Plant, machinery and equipment23€610€0▼
Furniture and vehicles24€3k€675▼
Financial fixed assets28€232€232=
Current assets29/58€35k€68k▲
Amounts receivable within one year40/41€31k€45k▲
Trade receivables40€6k€25k▲
Other amounts receivable41€24k€20k▼
Cash at bank and in hand54/58€5k€22k▲
Equity and liabilities
Total equity and liabilities10/49€39k€68k▲
Equity10/15€27k€40k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Profit (loss) carried forward14€8k€21k▲
Amounts payable17/49€13k€29k▲
Amounts payable within one year42/48€13k€29k▲
Trade debts44€7k€27k▲
Suppliers440/4€7k€27k▲
Taxes, remuneration and social security45€6k€2k▼
Taxes450/3€6k€579▼
Remuneration and social security454/9-€2k
Other amounts payable47/48-€0
Income statement
Code20222023
Goods, raw materials, services and sundry goods60/61€52k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€3k▼
Other operating charges640/8€422€518▲
Gross operating margin9900€18k€16k▼
Operating profit (loss)9901€10k€13k▲
Financial income75/76B-€697
Recurring financial income75-€697
Non-recurring financial income76B-€697
Financial charges65/66B€179€161▼
Recurring financial charges65€179€161▼
Profit (loss) for the period before taxes9903€9k€13k▲
Income taxes67/77€576€136▼
Profit (loss) for the period9904€9k€13k▲
Profit (loss) for the period to be appropriated9905€9k€13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8k€21k▲
Profit (loss) brought forward from the previous period14P€-713€8k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-11
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 18-11-2025
06-10
KBO administration
Address struck
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 65 days late
2022
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.80
Current ratio from 1.21 to 2.80; short-term debt falls from €29k to €13k.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Weakest financial yearnet €-23k
Net result drops to €-23k, the lowest in the series.
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 58 days late
2020
31-12
Financial
Highest result since 2018net €48k ▲123%
Operating result €56k, net result €48k, both a record.
31-12
Financial
Liquidity times 5current ratio 3.71
Current ratio from 0.76 to 3.71; short-term debt falls from €44k to €9k.
19-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 111 days late
Show earlier events
2019
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
SignalFinancial 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Anderlecht · 1 establishment unit since 2024
Ground area
4,153 m²
Building footprint
991 m²
Volume, LiDAR
26,080 m³
2 parcels, Brussels, Flanders · tallest building 33.0 m, ±10 floors. Linked by address, not a title deed.
24
companies at this address
See who is registered here
1 establishment unit
GG19 CONSTRUCT
since 20242.249.290.933
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21001A0409/00C000 | Brussels | 4,029 m² | 1 · 867 m² | 33.0 m · 10 fl. |
| 23077A0045/00G003 | Flanders | 124 m² | 1 · 124 m² | 11.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CHARLOTTE PIERS GROENKRAAGLAAN 3,
1170 BRUSSEL 17 |
18-11-2025 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-12-2015
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.