GK CONSTRUCT

Active

Private limited companyfounded 20188 yrs activeBergensesteenweg 24, 1600 Sint-Pieters-Leeuw, BelgiumKBO/BCE: BE 0697.812.357

GK CONSTRUCT has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €21k and a net result of €5k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 65% of 36376 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).

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Checked score

Score 2024

100 / 100

Excellent▲ +60 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100▲+100

Solvency98▲+34

Growth52▲+20

Stability100

Bankruptcy probability, 12 months

1.3% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days acceptable

Liquidity ample (current ratio 2.44 against 1.45 in 2023), and 40.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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 →

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 2024

Solvency, return and age of the figures

Solvency

59.7%

Return on assets

15.3%

Age of the figures

20 mo

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

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 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 · 6 filings

Deviation from the deadline

2025

not confirmed

2024

31 d late

2023

151 d late

2022

144 d late

2021

267 d late

2020

54 d late

2019

100 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Equity

€21k▲ 34.4%

2023 · €16k

2019: €20k 2020: €33k 2021: €64k 2022: €47k 2023: €16k

2019 → 2024

Total assets

€35k▼ 23.6%

2023 · €46k

2019: €127k 2020: €214k 2021: €232k 2022: €121k 2023: €46k

2019 → 2024

Net result

€5k

2023 · €-31k

2019: €13k 2020: €13k 2021: €30k 2022: €-17k 2023: €-31k

2019 → 2024

Working capital

€21k▲ 47.8%

2023 · €14k

2019: €-802 2020: €15k 2021: €64k 2022: €43k 2023: €14k

2019 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€33k-€64k▲ 91.9%€47k▼ 26.4%€16k▼ 66.4%€21k▲ 34.4%

Operating result€18k-€39k▲ 114%€-15k€-31k▼ 106%€5k

Net result€13k-€30k▲ 127%€-17k€-31k▼ 84.8%€5k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €5k after a loss of €31k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €35k

98.3%

Fixed assets €608▼ 66.8%

Current assets €35k▼ 21.8%

Equity and liabilities €35k

59.7%

40.3%

Equity €21k▲ 34.4%

Debt €14k▼ 53.4%

The debt ratio falls from 66.1% to 40.3%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€7k▲

2023 · €-29k

Cash flow

€7k▲

2023 · €-29k

Solvency

59.7%▲

2023 · 33.9%

Current ratio

2.44▲

2023 · 1.45

Quick ratio

2.44▲

2023 · 1.45

Debt / equity

0.67▼

2023 · 1.95

ROE

25.6%▲

2023 · -197.5%

ROA

15.3%▲

2023 · -67.0%

Interest coverage

134.97▲

2023 · -647.93

Debt

€14k▼

2023 · €31k

Debt ≤ 1 year

€14k▼

2023 · €31k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€46k€35k▼

Fixed assets21/28€2k€608▼

Tangible fixed assets22/27€2k€608▼

Plant, machinery and equipment23-€608

Furniture and vehicles24€2k-

Current assets29/58€44k€35k▼

Amounts receivable within one year40/41€36k€21k▼

Trade receivables40€25k€15k▼

Other amounts receivable41€11k€6k▼

Cash at bank and in hand54/58€7k€14k▲

Deferred charges and accrued income490/1€697-

Equity and liabilities

Total equity and liabilities10/49€46k€35k▼

Equity10/15€16k€21k▲

Contributions10/11€6k€6k=

Reserves13€1k€1k=

Distributable reserves133€1k€1k=

Profit (loss) carried forward14€8k€14k▲

Amounts payable17/49€31k€14k▼

Amounts payable within one year42/48€31k€14k▼

Trade debts44€18k€6k▼

Suppliers440/4€18k€6k▼

Taxes, remuneration and social security45€11k€5k▼

Taxes450/3€11k€5k▼

Other amounts payable47/48€2k€3k▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=

Other operating charges640/8€770€841▲

Non-recurring operating charges66A€928€824▼

Gross operating margin9900€-27k€9k▲

Operating profit (loss)9901€-31k€5k▲

Financial income75/76B€0€0▼

Recurring financial income75€0€0▼

Financial charges65/66B€45€54▲

Recurring financial charges65€45€54▲

Profit (loss) for the period before taxes9903€-31k€5k▲

Profit (loss) for the period9904€-31k€5k▲

Profit (loss) for the period to be appropriated9905€-31k€5k▲

Appropriation of the result

Profit (loss) to be appropriated9906€8k€14k▲

Profit (loss) brought forward from the previous period14P€39k€8k▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 9Financial 3Filings 6

2025

31-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 31 days late

2024

31-12

Financial Back to profitnet €5k

Net result €5k after 2 loss-making years.

29-12

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 151 days late

2023

31-12

Financial Weakest financial yearnet €-31k

Net result drops to €-31k, the lowest in the series; recovery starts the following year.

22-12

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 144 days late

24-04

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 267 days late

2021

31-12

Financial Highest result since 2019net €30k ▲127%

Operating result €39k, net result €30k, both a record.

23-09

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 54 days late

2020

08-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 100 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Sint-Pieters-Leeuw · 1 establishment unit since 2018

establishment The establishment unit on the map

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.

Bergensesteenweg 241600 Sint-Pieters-Leeuw

Ground area

1,712 m²

Building footprint

472 m²

Volume, LiDAR

4,215 m³

2 parcels, Brussels, Flanders · tallest building 16.3 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

GK CONSTRUCT

d'Aumalestraat 1, 1070 AnderlechtSpecialised construction activities

since 20182.289.152.587

2 parcels

Flanders 1 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23077A0118/00W082	Flanders	1,638 m²	1 · 398 m²	9.5 m · 3 fl.
21001A0789/00V000	Brussels	74 m²	1 · 74 m²	16.3 m · 5 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.

Similar companies · same sector, comparable size

Villers-le-Bouillet · Eq €21k

Of 15,434 companies in sector 43990 we hold annual accounts for 7,355. 5,217 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded11-06-2018

Fiscal year end31-12

Activities, NACEBEL

43990Other specialised construction activities

43999Specialised construction activities

43350Other building finishing work

43995Specialised construction activities

Sources

Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers

Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.