GK-Construct
ActiveSummary
The computed 12-month bankruptcy probability of GK-Construct is 2.1% (moderate). The 2025 annual accounts show equity of €52,490 and a net result of -€575. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 25% of 7524 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability68▲+68
Solvency43▼-13
Growth52=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.19 against 0.57 in 2024; short-term debt: 56.2% and cash: 3.9% of total assets), and 81.6% 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 dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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 2025Solvency, return and age of the figures
Solvency
18.4%
Return on assets
-0.2%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€575
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 7524 sector peers (2025).
NBB · sector comparisonPosition among 7524 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-06-2026, 57 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
57 d early
2024
57 d early
2023
56 d early
2022
54 d early
2021
32 d early
2020
60 d early
2019
59 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 54 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€52,490▼ 1.1%
2024 · €53,065
Total assets
€285,254▲ 65.9%
2024 · €171,964
Net result
-€575▲ 99.1%
2024 · -€67,106
Working capital
€30,286
2024 · -€43,919
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€20,906▲ 40.4%€30,201▲ 44.5%€56,847▲ 88.2%-€66,219€2,011
Net result€19,941▲ 49.4%€24,057▲ 20.6%€42,562▲ 76.9%-€67,106-€575▲ 99.1%
Equity€53,552▲ 59.3%€77,610▲ 44.9%€120,171▲ 54.8%€53,065▼ 55.8%€52,490▼ 1.1%
Total assets€183,962▲ 60.4%€243,220▲ 32.2%€311,552▲ 28.1%€171,964▼ 44.8%€285,254▲ 65.9%
Debt€130,410▲ 60.8%€165,611▲ 27.0%€191,381▲ 15.6%€118,899▼ 37.9%€232,764▲ 95.8%
Working capital-€42,051▼ 96.0%€10,504€14,443▲ 37.5%-€43,919€30,286
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 2025: €2,011 after a loss of €66,219 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €285,254
Fixed assets
€94,523 ▼ 17.0%
Current assets
€190,731 ▲ 229%
Equity and liabilities €285,254
Equity
€52,490 ▼ 1.1%
Debt
€232,764 ▲ 95.8%
Debt's share of the balance-sheet total rises from 69.1% to 81.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€48,477▲
2024 · -€20,244
Cash flow
€45,890▲
2024 · -€21,132
Current ratio
1.19▲
2024 · 0.57
Quick ratio
0.18▼
2024 · 0.57
Debt to equity
4.43▲
2024 · 2.24
ROE
-1.1%▲
2024 · -126.5%
ROA
-0.2%▲
2024 · -39.0%
Interest coverage
17.22▲
2024 · -14.56
Debt ≤ 1 year
€160,445▲
2024 · €101,934
Debt > 1 year
€72,319▲
2024 · €16,965
Income taxes
-€228▲
2024 · -€386
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €6,300 | €29,598 | - | €9,015 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,180 | €28,021 | €27,194 | €45,974 | €46,466 | ▲ 1.1% |
| Other operating charges640/8 | €1,143 | €929 | €1,211 | €1,554 | €2,318 | ▲ 49.1% |
| Non-recurring operating charges66A | €7,117 | - | - | - | €375 | - |
| Gross operating margin9900 | €50,346 | €59,152 | €85,252 | -€18,690 | €51,170 | ▲ 374% |
| Operating profit (loss)9901 | €20,906 | €30,201 | €56,847 | -€66,219 | €2,011 | ▲ 103% |
| Financial income75/76B | €70 | €2 | - | €117 | - | - |
| Recurring financial income75 | €70 | €2 | - | €117 | - | - |
| Financial charges65/66B | €220 | €125 | €1,285 | €1,390 | €2,815 | ▲ 102% |
| Recurring financial charges65 | €220 | €125 | €1,285 | €1,390 | €2,815 | ▲ 102% |
| Profit (loss) for the period before taxes9903 | €20,755 | €30,078 | €55,562 | -€67,492 | -€803 | ▲ 98.8% |
| Income taxes67/77 | €815 | €6,021 | €13,000 | -€386 | -€228 | ▲ 40.9% |
| Profit (loss) for the period9904 | €19,941 | €24,057 | €42,562 | -€67,106 | -€575 | ▲ 99.1% |
| Profit (loss) for the period to be appropriated9905 | €19,941 | €24,057 | €42,562 | -€67,106 | -€575 | ▲ 99.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €183,962 | €243,220 | €311,552 | €171,964 | €285,254 | ▲ 65.9% |
| Fixed assets21/28 | €95,603 | €67,105 | €134,882 | €113,949 | €94,523 | ▼ 17.0% |
| Tangible fixed assets22/27 | €95,603 | €67,105 | €134,882 | €113,949 | €94,523 | ▼ 17.0% |
| Land and buildings22 | €2,772 | €2,402 | €2,033 | €1,663 | €1,294 | ▼ 22.2% |
| Plant, machinery and equipment23 | €31,977 | €24,748 | €58,513 | €41,665 | €50,604 | ▲ 21.5% |
| Furniture and vehicles24 | €60,855 | €39,955 | €74,337 | €70,621 | €42,626 | ▼ 39.6% |
| Current assets29/58 | €88,359 | €176,115 | €176,670 | €58,015 | €190,731 | ▲ 229% |
| Stocks and contracts in progress3 | €1 | €131,125 | €272 | €252 | €161,595 | ▲ 64,000% |
| Stocks30/36 | €1 | €125 | €272 | €252 | €295 | ▲ 17.1% |
| Contracts in progress37 | - | €131,000 | - | - | €161,300 | - |
| Amounts receivable within one year40/41 | €15,495 | €25,854 | €32,833 | €24,359 | €16,371 | ▼ 32.8% |
| Trade receivables40 | €11,495 | €19,515 | €18,049 | €12,228 | €13,663 | ▲ 11.7% |
| Other amounts receivable41 | €4,000 | €6,339 | €14,784 | €12,131 | €2,708 | ▼ 77.7% |
| Cash at bank and in hand54/58 | €72,098 | €16,768 | €138,557 | €31,403 | €11,154 | ▼ 64.5% |
| Deferred charges and accrued income490/1 | €765 | €2,369 | €5,008 | €2,000 | €1,611 | ▼ 19.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €183,962 | €243,220 | €311,552 | €171,964 | €285,254 | ▲ 65.9% |
| Equity10/15 | €53,552 | €77,610 | €120,171 | €53,065 | €52,490 | ▼ 1.1% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €50,552 | €74,610 | €117,171 | €50,065 | €49,490 | ▼ 1.1% |
| Amounts payable17/49 | €130,410 | €165,611 | €191,381 | €118,899 | €232,764 | ▲ 95.8% |
| Amounts payable after more than one year17 | - | - | €29,154 | €16,965 | €72,319 | ▲ 326% |
| Financial debts170/4 | - | - | €29,154 | €16,965 | €72,319 | ▲ 326% |
| Amounts payable within one year42/48 | €130,410 | €165,611 | €162,227 | €101,934 | €160,445 | ▲ 57.4% |
| Current portion of amounts payable after more than one year42 | €4,623 | - | €11,749 | €12,189 | €12,645 | ▲ 3.7% |
| Trade debts44 | €1,071 | €16,255 | €39,000 | €8,251 | €1,094 | ▼ 86.7% |
| Suppliers440/4 | €1,071 | €16,255 | €39,000 | €8,251 | €1,094 | ▼ 86.7% |
| Taxes, remuneration and social security45 | €5,637 | - | - | - | - | - |
| Taxes450/3 | €5,637 | - | - | - | - | - |
| Other amounts payable47/48 | €119,079 | €149,356 | €111,478 | €81,494 | €146,706 | ▲ 80.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,941 | €24,057 | €42,562 | -€67,106 | -€575 | ▲ 99.1% |
| + Depreciation and write-downs630 | €21,180 | €28,021 | €27,194 | €45,974 | €46,466 | ▲ 1.1% |
| Operating cash flow (approximation) | €41,121 | €52,079 | €69,756 | -€21,132 | €45,890 | ▲ 317% |
| Investment in fixed assets (approximation) | - | €476 | -€94,970 | -€25,041 | -€27,040 | ▼ 8.0% |
| Change in cash | - | -€55,330 | €121,790 | -€107,154 | -€20,250 | ▲ 81.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity doublescurrent ratio 1.19
Current ratio from 0.57 to 1.19.
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€67,106
Net result drops to -€67,106, the lowest in the series; recovery starts the following year.
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2019net €42,562 ▲76.9%
Operating result €56,847, net result €42,562, both a record.
31-12
Financial
Equity above €100,000Eq €120,171 ▲54.8%
5 profitable years in a row build equity to €120,171.
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Heist-op-den-Berg · 1 establishment unit since 2019
Ground area
1,597 m²
Building footprint
132 m²
Volume, LiDAR
621 m³
Parcel 12006C0668/00G000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
GK-Construct
since 20192.291.447.034
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12006C0668/00G000 | Flanders | 1,597 m² | 1 · 132 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.
Similar companies · same sector, comparable size
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OXIPROM
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OVE CONCEPT
BE 1003.481.529
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MADOL
BE 0754.541.818
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LAHAYE Romain
BE 0757.927.910
Marche-en-Famenne · Eq €52,443
Of 29,787 companies in sector 41001 we hold annual accounts for 16,039. 13,104 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
25110Manufacture of metal structures and parts of structures
33120Repair and maintenance of machinery
41003General construction of other non-residential buildings
42130Civil engineering
43110Demolition
43120Site preparation
43130Specialised construction activities
43230Insulation installation
43350Other building finishing work
43410Roofing work
43421Specialised construction activities
43990Other specialised construction activities
46711Wholesale of cars and light vans (up to 3.5 tonnes)
46712Wholesale trade
46130Agents in the wholesale of timber and building materials
46831Wholesale of construction materials, general range
47521Retail sale of hardware, building materials, paint and glass (general range)
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
81300Landscape service activities
Scores and ratios are computed by Checked and are not a credit decision.