Giant Upgrading Building Projects
ActiveSummary
Giant Upgrading Building Projects has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €168k and a net result of €34k. Equity is shrinking by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 41% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability51▲+14
Solvency44▼-7
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.35 in 2024; short-term debt: 81.3% and cash: 21.3% of total assets), and 81.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
Sector 68
lower
← 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 2025Solvency, return and age of the figures
Solvency
18.7%
Return on assets
3.7%
Age of the figures
15 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €168k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-01-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
46 d early
2023
2 d early
2022
on the day
2021
on the day
2020
25 d late
2019
83 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€168k▲ 12.4%
2024 · €149k
2019: €217k
2020: €238k
2021: €201k
2022: €161k
2023: €146k
2024: €149k
2019 → 2025
Total assets
€898k▲ 58.0%
2024 · €568k
2019: €944k
2020: €1.02M
2021: €953k
2022: €247k
2023: €333k
2024: €568k
2019 → 2025
Net result
€34k▲ 1,003%
2024 · €3k
2019: €65k
2020: €61k
2021: €-37k
2022: €-40k
2023: €-15k
2024: €3k
2019 → 2025
Working capital
€164k▲ 12.9%
2024 · €145k
2019: €-335k
2020: €-300k
2021: €-323k
2022: €157k
2023: €142k
2024: €145k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€201k-€161k▼ 19.9%€146k▼ 9.2%€149k▲ 2.1%€168k▲ 12.4%
Operating result€-31k-€-35k▼ 11.9%€-1k▲ 96.3%€5k€69k▲ 1,435%
Net result€-37k-€-40k▼ 9.5%€-15k▲ 63.2%€3k€34k▲ 1,003%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 1,435% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €898k
Fixed assets
€4k ▼ 3.2%
Current assets
€894k ▲ 58.5%
Equity and liabilities €898k
Equity
€168k ▲ 12.4%
Debt
€730k ▲ 74.3%
Debt's share of the balance-sheet total rises from 73.7% to 81.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€69k▲
2024 · €5k
Cash flow
€34k▲
2024 · €3k
Current ratio
1.22▼
2024 · 1.35
Quick ratio
0.75▲
2024 · 0.71
Debt to equity
4.35▲
2024 · 2.80
ROE
20.0%▲
2024 · 2.0%
ROA
3.7%▲
2024 · 0.5%
Interest coverage
3.32▲
2024 · 2.09
Debt ≤ 1 year
€730k▲
2024 · €419k
Income taxes
€15k
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 · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€568k€898k▲
Fixed assets21/28€4k€4k▼
Tangible fixed assets22/27€2k€2k▼
Land and buildings22€2k€2k▼
Financial fixed assets28€2k€2k=
Current assets29/58€564k€894k▲
Stocks and contracts in progress3€267k€349k▲
Stocks30/36€267k€349k▲
Amounts receivable within one year40/41€168k€341k▲
Trade receivables40€148k€340k▲
Other amounts receivable41€20k€2k▼
Cash at bank and in hand54/58€125k€191k▲
Deferred charges and accrued income490/1€4k€12k▲
Equity and liabilities
Total equity and liabilities10/49€568k€898k▲
Equity10/15€149k€168k▲
Contributions10/11€19k€19k=
Reserves13€2k€20k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133-€19k
Profit (loss) carried forward14€129k€129k=
Amounts payable17/49€419k€730k▲
Amounts payable within one year42/48€419k€730k▲
Financial debts43€144k€187k▲
Credit institutions430/8€144k€187k▲
Trade debts44€265k€501k▲
Suppliers440/4€265k€501k▲
Taxes, remuneration and social security45€9k€31k▲
Taxes450/3€9k€31k▲
Other amounts payable47/48€22€11k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€135€135=
Other operating charges640/8€1k€387▼
Gross operating margin9900€6k€70k▲
Operating profit (loss)9901€5k€69k▲
Financial income75/76B€757€698▼
Recurring financial income75€757€698▼
Financial charges65/66B€2k€21k▲
Recurring financial charges65€2k€21k▲
Profit (loss) for the period before taxes9903€3k€49k▲
Income taxes67/77-€15k
Profit (loss) for the period9904€3k€34k▲
Profit (loss) for the period to be appropriated9905€3k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€129k€162k▲
Profit (loss) brought forward from the previous period14P€126k€129k▲
Transfer to equity691/2-€19k
To other reserves6921-€19k
Profit to be distributed694/7-€15k
Directors or managers695-€15k
The notes to these accounts (5 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 2026, expected by
2026
27-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Equity above €150kEq €168k ▲12.4%
2 profitable years in a row build equity to €168k.
2024
16-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Back to profitnet €3k
Net result €3k after 3 loss-making years.
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Weakest financial yearnet €-40k
Net result drops to €-40k, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity times 5current ratio 2.83
Current ratio from 0.57 to 2.83; short-term debt falls from €751k to €85k.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
25-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 25 days late
2020
23-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 83 days late
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
08-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Lennik · 1 establishment unit since 2010
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.
Trontingen 431750 LennikGround area
4,478 m²
Building footprint
363 m²
Volume, LiDAR
2,150 m³
Parcel 23072F0169/00C000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Giant Upgrading Building Projects
since 20102.194.974.891
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23072F0169/00C000 | Flanders | 4,478 m² | 1 · 363 m² | 9.1 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.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 319 EUR awarded · 319 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 144 EUR | 319 EUR |
| 2023 | 1 | 175 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
11 categoriesGiant Upgrading Building Projects BV34541
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Of 1,292 companies in sector 68122 we hold annual accounts for 901. 582 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 (pre-2019)
Founded21-12-2010
Fiscal year end30-06
Activities, NACEBEL 2025
68122Development of non-residential building projects
43910Bricklaying and masonry work
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.