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GIBELLA CONSTRUCTION

Active
Private limited companyfounded 20233 yrs activeRue Belleflamme 168, 4030 Liège, BelgiumKBO/BCE: BE 0804.724.965
Summary

The computed 12-month bankruptcy probability of GIBELLA CONSTRUCTION is 3.8% (moderate). The annual accounts of GIBELLA CONSTRUCTION for fiscal year 2025 show a net loss of 52% of the equity at the start of that year. The 2025 annual accounts show equity of €10,000 and a net result of -€19,900. Equity is shrinking by ~36.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 21% of 28806 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-36
Solvency44▼-40
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
3.8% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.63 against 1.14 in 2024; short-term debt: 80.6% and cash: 1.7% of total assets), and 80.6% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
+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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
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
Specialised construction activities (NACE 43)
about 85% more 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 2025
Solvency, return and age of the figures
Solvency
19.4%
Return on assets
-38.5%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 28806 sector peers (2025).
NBB · sector comparison
Position among 28806 sector peers
Solvency
better than 21%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 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 · 3 filings
Deviation from the deadline
2025
4 d late
2024
50 d early
2023
34 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 27 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 28 June (3 of the last 3 filed years within 37 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

GIBELLA CONSTRUCTION was incorporated on 10 August 2023 as a Private limited company.1 Since 2026, MY Marcello has served as director of the company.2 Total assets fell from EUR 57,714 in 2023 to EUR 51,652 in 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 28-09-2026
  3. 3National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€10,000▼ 73.6%
2024 · €37,925
Total assets
€51,652▼ 19.9%
2024 · €64,513
Net result
-€19,900
2024 · €744
Working capital
-€15,455
2024 · €3,042
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result€34,325-€11,723▼ 65.8%-€18,817
Net result€27,182within the sector's middle half-€744within the sector's middle half▼ 97.3%-€19,900below the sector's middle half
Equity€37,182within the sector's middle half-€37,925within the sector's middle half▲ 2.0%€10,000below the sector's middle half▼ 73.6%
Total assets€57,714below the sector's middle half-€64,513below the sector's middle half▲ 11.8%€51,652below the sector's middle half▼ 19.9%
Debt€20,533-€26,588▲ 29.5%€41,652▲ 56.7%
Working capital€28,090within the sector's middle half-€3,042below the sector's middle half▼ 89.2%-€15,455below the sector's middle half
Solvency64.4%within the sector's middle half-58.8%within the sector's middle half▼ 5.6pp19.4%below the sector's middle half▼ 39.4pp
Current ratio2.37within the sector's middle half-1.14within the sector's middle half▼ 1.220.63below the sector's middle half▼ 0.51
Return on assets (ROA)47.1%above the sector's middle half-1.2%within the sector's middle half▼ 45.9pp-38.5%below the sector's middle half▼ 39.7pp
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000€0€20,000€40,000Operating result 2023: €34,325€34,325Net result 2023: €27,182€27,182Operating result 2024: €11,723€11,723Net result 2024: €744€744Operating result 2025: -€18,817-€18,817Net result 2025: -€19,900-€19,900202320242025-€20,000€0€20,000€40,000Operating result 2023: €34,325€34,300Net result 2023: €27,182€27,200Operating result 2024: €11,723€11,700Net result 2024: €744€744Operating result 2025: -€18,817-€18,800Net result 2025: -€19,900-€19,900202320242025
The operating result turns negative in 2025: a loss of €18,817 after €11,723 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €51,652
Fixed assets €25,455 ▼ 36.7%
Current assets €26,196 ▲ 7.9%
Equity and liabilities €51,652
Equity €10,000 ▼ 73.6%
Debt €41,652 ▲ 56.7%
Debt's share of the balance-sheet total rises from 41.2% to 80.6%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€7,618▼
2024 · €21,174
Cash flow
-€8,701▼
2024 · €10,195
Debt to equity
4.17▲
2024 · 0.70
ROE
-199.0%▼
2024 · 2.0%
Interest coverage
-5.90▼
2024 · 1.91
Debt ≤ 1 year
€41,651▲
2024 · €21,247
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,207 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a loss of 10% of the balance sheet or more
4.6% went bankrupt
4.6% stopped otherwise
90% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.8% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,207 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet Code20242025
Assets
Total assets20/58€64,513€51,652▼
Fixed assets21/28€40,225€25,455▼
Tangible fixed assets22/27€40,225€25,455▼
Plant, machinery and equipment23€1,363€865▼
Furniture and vehicles24€38,862€24,590▼
Current assets29/58€24,288€26,196▲
Stocks and contracts in progress3€6,194-
Stocks30/36€6,194-
Amounts receivable within one year40/41€10,756€22,282▲
Trade receivables40€4,266€15,369▲
Other amounts receivable41€6,491€6,913▲
Cash at bank and in hand54/58€4,181€898▼
Deferred charges and accrued income490/1€3,156€3,016▼
Equity and liabilities
Total equity and liabilities10/49€64,513€51,652▼
Equity10/15€37,925€10,000▼
Contributions10/11€10,000€10,000=
Outside capital11€10,000-
Other1109/19€10,000-
Profit (loss) carried forward14€27,925-
Amounts payable17/49€26,588€41,652▲
Amounts payable after more than one year17€5,341-
Financial debts170/4€5,341-
Amounts payable within one year42/48€21,247€41,651▲
Current portion of amounts payable after more than one year42€12,206€5,341▼
Trade debts44€1,880€11,285▲
Suppliers440/4€1,880€11,285▲
Taxes, remuneration and social security45€7,160-
Taxes450/3€7,160-
Other amounts payable47/48-€25,025
Accrued charges and deferred income492/3-€0
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,451€11,199▲
Other operating charges640/8€4,039€2,260▼
Gross operating margin9900€25,214-€5,357▼
Operating profit (loss)9901€11,723-€18,817▼
Financial income75/76B€111€207▲
Recurring financial income75€111€207▲
Financial charges65/66B€11,090€1,291▼
Recurring financial charges65€11,090€1,291▼
Profit (loss) for the period before taxes9903€744-€19,900▼
Profit (loss) for the period9904€744-€19,900▼
Profit (loss) for the period to be appropriated9905€744-€19,900▼
Appropriation of the result
Profit (loss) to be appropriated9906€27,925€8,025▼
Profit (loss) brought forward from the previous period14P€27,182€27,925▲
Profit to be distributed694/7-€8,025
Return on contributions (dividend)694-€8,025

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,188€9,451€11,199▲ 18.5%
Other operating charges640/8€340€4,039€2,260▼ 44.0%
Gross operating margin9900€35,853€25,214-€5,357▼ 121%
Operating profit (loss)9901€34,325€11,723-€18,817▼ 261%
Financial income75/76B€24€111€207▲ 86.5%
Recurring financial income75€24€111€207▲ 86.5%
Financial charges65/66B€7€11,090€1,291▼ 88.4%
Recurring financial charges65€7€11,090€1,291▼ 88.4%
Profit (loss) for the period before taxes9903€34,341€744-€19,900▼ 2,776%
Income taxes67/77€7,160---
Profit (loss) for the period9904€27,182€744-€19,900▼ 2,776%
Profit (loss) for the period to be appropriated9905€27,182€744-€19,900▼ 2,776%
Line202320242025Change
Assets
Total assets20/58€57,714€64,513€51,652▼ 19.9%
Formation expenses20€688---
Fixed assets21/28€8,404€40,225€25,455▼ 36.7%
Tangible fixed assets22/27€8,404€40,225€25,455▼ 36.7%
Plant, machinery and equipment23-€1,363€865▼ 36.5%
Furniture and vehicles24€8,404€38,862€24,590▼ 36.7%
Current assets29/58€48,622€24,288€26,196▲ 7.9%
Stocks and contracts in progress3-€6,194--
Stocks30/36-€6,194--
Amounts receivable within one year40/41€9,612€10,756€22,282▲ 107%
Trade receivables40€7,386€4,266€15,369▲ 260%
Other amounts receivable41€2,226€6,491€6,913▲ 6.5%
Cash at bank and in hand54/58€37,936€4,181€898▼ 78.5%
Deferred charges and accrued income490/1€1,074€3,156€3,016▼ 4.5%
Equity and liabilities
Total equity and liabilities10/49€57,714€64,513€51,652▼ 19.9%
Equity10/15€37,182€37,925€10,000▼ 73.6%
Contributions10/11€10,000€10,000€10,000=
Outside capital11€10,000€10,000--
Other1109/19€10,000€10,000--
Profit (loss) carried forward14€27,182€27,925--
Amounts payable17/49€20,533€26,588€41,652▲ 56.7%
Amounts payable after more than one year17-€5,341--
Financial debts170/4-€5,341--
Amounts payable within one year42/48€20,533€21,247€41,651▲ 96.0%
Current portion of amounts payable after more than one year42-€12,206€5,341▼ 56.2%
Trade debts44€13,373€1,880€11,285▲ 500%
Suppliers440/4€13,373€1,880€11,285▲ 500%
Taxes, remuneration and social security45€7,160€7,160--
Taxes450/3€7,160€7,160--
Other amounts payable47/48--€25,025-
Accrued charges and deferred income492/3--€0-
Line202320242025Change
Profit (loss) for the period9904€27,182€744-€19,900▼ 2,776%
+ Depreciation and write-downs630€1,188€9,451€11,199▲ 18.5%
Operating cash flow (approximation)€28,369€10,195-€8,701▼ 185%
Investment in fixed assets (approximation)--€41,272€3,570▲ 109%
Change in cash--€33,755-€3,283▲ 90.3%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
28-09
State Gazette act Appointment: MY Marcello (director)
Resignation: GIBELLA Giovanni (director) · Director discharge5 facts ▸
  • General meeting, assemblée générale, nomination et démission
  • Director appointment, MY Marcello (director)
  • Director resignation, GIBELLA Giovanni (director)
  • Director discharge, GIBELLA Giovanni
  • Other statement, 19 heures, end of meeting
04-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 4 days late
2025
31-12
Financial Weakest financial yearnet -€19,900
Net result drops to -€19,900, the lowest in the series.
11-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts

Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 director, last change in 2026
MY Marcello
Director · since 28-09-2026
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
587 m²
Building footprint
150 m²
Volume, LiDAR
927 m³
Parcel 62302C0498/00V003, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GIBELLA CONSTRUCTION
Rue Belleflamme 168, 4030 LiègeSite preparation
since 20232.349.274.870
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62302C0498/00V003 Wallonia 587 m² 1 · 150 m² 8.0 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.

Mandate history

2 people since 2026, 1 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
MY Marcello
  • Director, from 28-09-2026 to date
GIBELLA Giovanni
  • Director, until 28-09-2026
See the board, name and seat on a given date →

Structure & network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Recognitions · licences · registrations

Recognised contractor

3 categories
GIBELLA CONSTRUCTION SRL45720
category D21, class 1 · category D4, class 1 · category G, class 1
decision 11-12-2025

Similar companies · same sector, comparable size

Of 11,128 companies in this sector we hold annual accounts for 5,494. 2,988 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded10-08-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43910Bricklaying and masonry work
43120Site preparation
43230Insulation installation
47521Retail sale of hardware, building materials, paint and glass (general range)
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID 0208:0804724965
Also 9925:BE0804724965
Registered 30-09-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.