GHYCO
ActiveSummary
GHYCO has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €50k and a net result of €4k. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 48% of 176 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2026
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability49▼-7
Solvency75▲+4
Growth76=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 26.99 against 14.11 in 2025; short-term debt: 3.7% and cash: 62.9% of total assets), and 49.6% of the assets are financed with debt.
Credit advice 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 · 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
Sector 43
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 2026Solvency, return and age of the figures
Solvency
50.4%
Return on assets
4.5%
Age of the figures
6 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 07-09-2026, 54 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
54 d early
2025
43 d early
2024
34 d early
2023
50 d early
2022
29 d late
2020
8 d early
2019
39 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, micro schema
Turnover
€96k▼ 7.1%
2020 · €103k
2019: €61k
2020: €103k
2019 → 2023
EBIT margin
8.3%▲ 1.9pp
2020 · 6.4%
2019: 5.8%
2020: 6.4%
2019 → 2023
Net result
€4k▼ 37.4%
2025 · €7k
2019: €3k
2020: €6k
2022: €-15k
2023: €6k
2024: €-10k
2025: €7k
2019 → 2026
Working capital
€95k▲ 4.9%
2025 · €91k
2019: €34k
2020: €43k
2022: €85k
2023: €94k
2024: €84k
2025: €91k
2019 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Turnover€96k
Equity€43k-€49k▲ 13.6%€38k▼ 21.2%€46k▲ 18.4%€50k▲ 9.7%
Operating result€-14k-€8k€-10k€7k€5k▼ 36.9%
Net result€-15k-€6k€-10k€7k€4k▼ 37.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2026; 2026 is 37% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Equity and liabilities €99k
Equity
€50k ▲ 9.7%
Provisions
€46k =
Debt
€4k ▼ 47.1%
Debt's share of the balance-sheet total falls from 7.1% to 3.7%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
26.99▲
2025 · 14.11
Debt to equity
0.07▼
2025 · 0.15
ROE
8.9%▼
2025 · 15.5%
ROA
4.5%▼
2025 · 7.2%
Debt ≤ 1 year
€4k▼
2025 · €7k
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 · 2026 against 2025 · 31 lines
Balance sheet
Code20252026
Assets
Total assets20/58€98k€99k▲
Current assets29/58€98k€99k▲
Amounts receivable within one year40/41€31k€37k▲
Trade receivables40€27k€27k=
Other amounts receivable41€4k€10k▲
Cash at bank and in hand54/58€67k€62k▼
Equity and liabilities
Total equity and liabilities10/49€98k€99k▲
Equity10/15€46k€50k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€25k€29k▲
Provisions and deferred taxes16€46k€46k=
Provisions for liabilities and charges160/5€46k€46k=
Other liabilities and charges164/5€46k€46k=
Amounts payable17/49€7k€4k▼
Amounts payable within one year42/48€7k€4k▼
Trade debts44€4k€577▼
Suppliers440/4€4k€577▼
Other amounts payable47/48€3k€3k=
Income statement
Code20252026
Other operating charges640/8€449€462▲
Gross operating margin9900€8k€5k▼
Operating profit (loss)9901€7k€5k▼
Financial charges65/66B€142€127▼
Recurring financial charges65€142€127▼
Profit (loss) for the period before taxes9903€7k€4k▼
Profit (loss) for the period9904€7k€4k▼
Profit (loss) for the period to be appropriated9905€7k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€25k€29k▲
Profit (loss) brought forward from the previous period14P€18k€25k▲
The notes to these accounts (3 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 2027, expected by
2026
07-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
2025
18-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Liquidity quadruplescurrent ratio 17.20
Current ratio from 4.81 to 17.20; short-term debt falls from €25k to €5k.
2023
11-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
31-03
Financial
Liquidity doublescurrent ratio 4.81
Current ratio from 2.24 to 4.81; short-term debt falls from €69k to €25k.
2022
29-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
31-03
Financial
Weakest financial yearnet €-15k ▼378%
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
2020
23-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2018
11-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
10-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
24-09
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
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, Wellen · 1 establishment unit since 2005
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.
Langstraat 183830 WellenGround area
954 m²
Building footprint
200 m²
Volume, LiDAR
936 m³
Parcel 73004B0044/00H000, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GHYCO
since 20052.150.350.834
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73004B0044/00H000 | Flanders | 954 m² | 1 · 200 m² | 7.3 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.
Similar companies · same sector, comparable size
BICCONSTRUCT
BE 0502.602.134
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CO-NO
BE 0784.236.288
Hannut · Eq €49,920
SOUBRY LORENZO
BE 0552.539.120
Kuurne · Eq €49,975
JEROEN D'HONT
BE 0874.876.256
Zele · Eq €49,906
TOP CLASSE
BE 0892.124.836
Anderlecht · Eq €49,981
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 6,089 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-10-2005
Fiscal year end31-03
Activities, NACEBEL 2025
43990Other specialised construction activities
43120Site preparation
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.