GK CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of GK CONSTRUCT is 2.6% (moderate). The 2024 annual accounts show equity of €21,122 and a net result of €5,412. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 65% of 35,974 sector peers (NACE 43, financial year 2024). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €21,122
- Profit
- €5,412
Why 54raises riskFigures for financial year 2024 (filed 02-09-2025)1 financial year not filed after the legal deadline; last filed accounts filed 31 days late; 3 of the last 3 lateSize: total assets €35,379lowers riskLiquidity: current ratio 2.44, cash €13,601Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 65% on solvency, 77% on liquidity, 73% on profitability and 77% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 6 accounts on average 125 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · micro…
- Back to profitnet €5,412
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 30 October 2026.
2020 to 2024, 5 financial years 2019 to 2024, 6 financial years
The operating result returns to profit in 2024: €5,466 after a loss of €30,990 in 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 26,972 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 94.9% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 0.9% |
| 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 74.5% 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 26,972 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €689 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,766 | €23,666 | €21,566 | €1,833 | €1,833 | €1,833 | = |
| Other operating charges640/8 | - | - | €659 | €1,509 | €770 | €841 | ▲ 9.2% |
| Non-recurring operating charges66A | - | - | €940 | €2,009 | €928 | €824 | ▼ 11.2% |
| Gross operating margin9900 | €51,497 | €42,616 | €62,727 | -€9,699 | -€27,458 | €8,964 | - |
| Operating profit (loss)9901 | €20,124 | €18,146 | €38,873 | -€15,051 | -€30,990 | €5,466 | - |
| Financial income75/76B | - | - | €0 | €5 | €0 | €0 | ▼ 86.7% |
| Recurring financial income75 | - | €0 | €0 | €5 | €0 | €0 | ▼ 86.7% |
| Financial charges65/66B | - | - | €86 | €1,746 | €45 | €54 | ▲ 20.2% |
| Recurring financial charges65 | €137 | €57 | €86 | €1,746 | €45 | €54 | ▲ 20.2% |
| Profit (loss) for the period before taxes9903 | €19,988 | €18,089 | €38,787 | -€16,792 | -€31,035 | €5,412 | - |
| Income taxes67/77 | €6,496 | €4,671 | €8,359 | - | - | - | - |
| Profit (loss) for the period9904 | €13,492 | €13,418 | €30,428 | -€16,792 | -€31,035 | €5,412 | - |
| Profit (loss) for the period to be appropriated9905 | €13,492 | €13,418 | €30,428 | -€16,792 | -€31,035 | €5,412 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €127,347 | €213,848 | €231,701 | €121,138 | €46,296 | €35,379 | ▼ 23.6% |
| Fixed assets21/28 | €45,232 | €21,566 | - | €3,667 | €1,833 | €608 | ▼ 66.8% |
| Tangible fixed assets22/27 | €45,232 | €21,566 | - | €3,667 | €1,833 | €608 | ▼ 66.8% |
| Plant, machinery and equipment23 | - | - | - | - | - | €608 | - |
| Furniture and vehicles24 | - | - | - | €3,667 | €1,833 | - | - |
| Current assets29/58 | €82,115 | €192,282 | €231,701 | €117,472 | €44,463 | €34,771 | ▼ 21.8% |
| Amounts receivable within one year40/41 | €79,456 | €153,074 | €218,666 | €64,949 | €36,497 | €21,170 | ▼ 42.0% |
| Trade receivables40 | - | - | €206,701 | €53,618 | €25,166 | €14,970 | ▼ 40.5% |
| Other amounts receivable41 | - | - | €11,965 | €11,332 | €11,332 | €6,200 | ▼ 45.3% |
| Cash at bank and in hand54/58 | €2,659 | €38,901 | €12,221 | €51,579 | €7,269 | €13,601 | ▲ 87.1% |
| Deferred charges and accrued income490/1 | - | - | €815 | €943 | €697 | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €127,347 | €213,848 | €231,701 | €121,138 | €46,296 | €35,379 | ▼ 23.6% |
| Equity10/15 | €19,692 | €33,110 | €63,538 | €46,746 | €15,711 | €21,122 | ▲ 34.4% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Contributions outside capital11 | - | - | €6,200 | €6,200 | - | - | - |
| Other1109/19 | - | - | €6,200 | €6,200 | - | - | - |
| Reserves13 | €675 | €1,315 | €1,315 | €1,315 | €1,315 | €1,315 | = |
| Non-distributable reserves130/1 | - | - | €1,315 | €1,315 | - | - | - |
| Legal reserve130 | - | - | €1,315 | €1,315 | - | - | - |
| Distributable reserves133 | - | - | - | - | €1,315 | €1,315 | = |
| Profit (loss) carried forward14 | €12,817 | €25,595 | €56,022 | €39,230 | €8,195 | €13,607 | ▲ 66.0% |
| Amounts payable17/49 | €107,655 | €180,738 | €168,163 | €74,393 | €30,586 | €14,257 | ▼ 53.4% |
| Amounts payable after more than one year17 | €24,738 | €3,815 | - | - | - | - | - |
| Amounts payable within one year42/48 | €82,917 | €176,924 | €168,163 | €74,393 | €30,586 | €14,257 | ▼ 53.4% |
| Current portion of amounts payable after more than one year42 | - | - | €3,815 | - | - | - | - |
| Trade debts44 | €69,543 | €143,965 | €117,935 | €48,698 | €17,834 | €6,097 | ▼ 65.8% |
| Suppliers440/4 | - | - | €117,935 | €48,698 | €17,834 | €6,097 | ▼ 65.8% |
| Taxes, remuneration and social security45 | - | - | €26,916 | €23,520 | €10,792 | €5,277 | ▼ 51.1% |
| Taxes450/3 | - | - | €26,916 | €23,520 | €10,792 | €5,277 | ▼ 51.1% |
| Other amounts payable47/48 | - | - | €19,498 | €2,174 | €1,960 | €2,883 | ▲ 47.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,492 | €13,418 | €30,428 | -€16,792 | -€31,035 | €5,412 | - |
| + Depreciation and write-downs630 | €25,766 | €23,666 | €21,566 | €1,833 | €1,833 | €1,833 | = |
| Operating cash flow (approximation) | €39,258 | €37,084 | €51,994 | -€14,959 | -€29,201 | €7,245 | - |
| Investment in fixed assets (approximation) | - | €0 | - | - | €0 | -€608 | - |
| Change in cash | - | €36,242 | -€26,680 | €39,359 | -€44,310 | €6,332 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 31-08-2025 | 2025-00470236 |
| 31-12-2023 | micro format | 29-12-2024 | 2024-00628278 |
| 31-12-2022 | micro format | 22-12-2023 | 2024-00542038 |
| 31-12-2021 | micro format | 24-04-2023 | 2023-00064759 |
| 31-12-2020 | micro format | 23-09-2021 | 2021-68300220 |
| 31-12-2019 | micro format | 08-11-2020 | 2020-69200594 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Capital and shareholders
- Carausu Gheorghe 95 shares
- Carausu Eugeniu 5 shares
- Carausu Eugeniu to Carausu Gheorghe 5 shares
- Carausu Gheorghe 93 shares
- PAVEL Todor 1 share
- Pavel Nicolae 1 share
- Carausu Eugeniu 5 shares
- Pavel Nicolae to Carausu Gheorghe 1 share
- PAVEL Todor to Carausu Gheorghe 1 share
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 18-01-2024 Converted to unavailable equity
Group and network
Connections & network
No directors read yet: 3 of 7 Gazette acts processed.
History
Acts, filings and financial milestones
21-10
Gazette deed
Capital & shares · Resignations & appointmentsShareholding · Share transfer7 facts ▸
- General meeting, 31-12-2023
- Other provision, “aanwezigheid en convocaties, volledige aanwezige kapitaal” (deed in Dutch)
- Shareholding, 95
- Shareholding, 5
- Other provision, 31-12-2023
- Share transfer, Carausu Eugeniu → Carausu Gheorghe
- Shareholding, 100
18-01
Gazette deed
Purpose · Amendment of the articles · Legal-form change · MiscellaneousCapital conversion · Purpose change · Registered office clause13 facts ▸
- General meeting, 07-12-2023
- Other provision, “vaststelling omvorming in BV en aanpassing statuten aan WVV, statuten aanpassen en rechtsvorm van de besloten vennootschap (afgekort BV) behouden” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Other provision, “opheffing statutair onbeschikbaar eigen vermogen, aangelegde statutaire onbeschikbare eigen vermogen opheffen en middelen beschikbaar maken voor uitkering” (deed in Dutch)
- Other provision, “verslag enige bestuurder over voorwerpwijziging, voorzitter geeft lezing” (deed in Dutch)
- Purpose change
- Amendment of the articles, 3
- Amendment of the articles
- Registered office clause, “Bergensesteenweg 24 bus 8,1600 Sint-Pieters-Leeuw” (deed in Dutch)
- Other provision, “inbrengen-aandelen”, 100 (deed in Dutch)
- Board composition, CARAUSU Gheorghe (sole director)
- Other provision, “coördinatie van statuten opmaken en ondertekenen overeenkomstig vorige besluiten en neerlegging in vennootschapsdossier verzorgen, opdracht coördinatie statuten” (deed in Dutch)
- +1 further fact in this act
05-06
Gazette deed
Capital & shares · Resignations & appointmentsShareholding · Share transfer10 facts ▸
- General meeting, 31-12-2022
- Other provision, “aanwezigheid en convocaties, mogen niet worden gerechtvaardigd door het sturen van convocaties” (deed in Dutch)
- Shareholding, “aandelen”, 93 (deed in Dutch)
- Shareholding, “aandeel”, 1 (deed in Dutch)
- Shareholding, “aandelen”, 1 (deed in Dutch)
- Shareholding, “aandelen”, 5 (deed in Dutch) (2 times)
- Other provision, “ontslag als aandeelhouder, Algemene Vergadering” (deed in Dutch) (2 times)
- Share transfer, Pavel Nicolae → Carausu Gheorghe
- Share transfer, PAVEL Todor → Carausu Gheorghe
- Shareholding, “aandelen”, 95 (deed in Dutch)
About the unread acts
Of the 7 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0697.812.357
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23077A0118/00W082 | Flanders | 1,638 m² | 1 · 398 m² | 9.5 m · 3 |
| 21001A0789/00V000 | Brussels | 74 m² | 1 · 74 m² | 16.3 m · 5 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- GK CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Artikel 2. ZETEL, kan,bij enkel besluit van het bestuursorgaan,administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren…” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Algemene vergadering bepaalt aantal,duur en bij meerderen bevoegdheid,bij gebrek duur onbepaalde duur, niet-statutair ad nutum zonder…” (deed in Dutch)1 more provision on this in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Voor kandidaat bestuur bij verwerving,voor vennootschap bij verzaking, bestuursorgaan aan anderen binnen 8 dagen na betekening” (deed in Dutch)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “26, op elk moment door algemene vergadering beslissende in vormen vereist voor statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “27, recht algemene vergadering om één of meerdere vereffenaars aan te duiden, bevoegdheden te omlijnen en vergoeding te bepalen” (deed in Dutch)