GKconstruct
ActiveSummary
The computed 12-month bankruptcy probability of GKconstruct is 5.2% (elevated). The 2025 annual accounts show negative equity (-€42,498) and a net result of -€25,664. Its solvency ranks better than 5% of 7524 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32
Track record82
Bankruptcy probability, 12 months
5.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.22 against 0.44 in 2024; short-term debt: 418.3% and cash: 5.3% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
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
-318.3%
Return on assets
-192.2%
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year -€42,498
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 2 filingsDeviation from the deadline
2025
26 d late
2024
4 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 15 days after 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
-€42,498▼ 152%
2024 · -€16,834
Total assets
€13,353▼ 12.0%
2024 · €15,179
Net result
-€25,664▼ 17.5%
2024 · -€21,834
Working capital
-€43,497▼ 142%
2024 · -€17,999
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
Line20242025
Operating result-€21,647--€25,283▼ 16.8%
Net result-€21,834--€25,664▼ 17.5%
Equity-€16,834--€42,498▼ 152%
Total assets€15,179-€13,353▼ 12.0%
Debt€32,014-€55,851▲ 74.5%
Working capital-€17,999--€43,497▼ 142%
Staff (FTE)1.9-2.4▲ 26.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €25,283 in 2025 against €21,647 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12,842
Fixed assets
€488 =
Current assets
€12,354 ▼ 11.8%
Key figures and ratios
EBITDA
-€25,117▼
2024 · -€21,494
Cash flow
-€25,498▼
2024 · -€21,681
Solvency
-318.3%▼
2024 · -110.9%
Current ratio
0.22▼
2024 · 0.44
Debt to equity
-1.31▲
2024 · -1.90
ROA
-192.2%▼
2024 · -143.8%
Interest coverage
-75.04▲
2024 · -114.83
Debt ≤ 1 year
€55,851▲
2024 · €32,014
Staff costs
€106,916▼
2024 · €109,599
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €109,599 | €106,916 | ▼ 2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €153 | €166 | ▲ 8.3% |
| Gross operating margin9900 | €88,105 | €81,799 | ▼ 7.2% |
| Operating profit (loss)9901 | -€21,647 | -€25,283 | ▼ 16.8% |
| Financial income75/76B | - | €30 | - |
| Recurring financial income75 | - | €30 | - |
| Financial charges65/66B | €187 | €411 | ▲ 119% |
| Recurring financial charges65 | €187 | €335 | ▲ 78.8% |
| Non-recurring financial charges66B | - | €76 | - |
| Profit (loss) for the period before taxes9903 | -€21,834 | -€25,664 | ▼ 17.5% |
| Profit (loss) for the period9904 | -€21,834 | -€25,664 | ▼ 17.5% |
| Profit (loss) for the period to be appropriated9905 | -€21,834 | -€25,664 | ▼ 17.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €15,179 | €13,353 | ▼ 12.0% |
| Formation expenses20 | €677 | €511 | ▼ 24.5% |
| Fixed assets21/28 | €488 | €488 | = |
| Financial fixed assets28 | €488 | €488 | = |
| Current assets29/58 | €14,015 | €12,354 | ▼ 11.8% |
| Amounts receivable within one year40/41 | €11,800 | €9,928 | ▼ 15.9% |
| Trade receivables40 | €11,800 | €7,875 | ▼ 33.3% |
| Other amounts receivable41 | - | €2,053 | - |
| Cash at bank and in hand54/58 | €956 | €711 | ▼ 25.6% |
| Deferred charges and accrued income490/1 | €1,258 | €1,715 | ▲ 36.3% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €15,179 | €13,353 | ▼ 12.0% |
| Equity10/15 | -€16,834 | -€42,498 | ▼ 152% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€21,834 | -€47,498 | ▼ 118% |
| Amounts payable17/49 | €32,014 | €55,851 | ▲ 74.5% |
| Amounts payable within one year42/48 | €32,014 | €55,851 | ▲ 74.5% |
| Trade debts44 | €6,612 | €6,905 | ▲ 4.4% |
| Suppliers440/4 | €6,612 | €6,905 | ▲ 4.4% |
| Taxes, remuneration and social security45 | €24,277 | €48,946 | ▲ 102% |
| Taxes450/3 | €3,153 | €10,469 | ▲ 232% |
| Remuneration and social security454/9 | €21,124 | €38,477 | ▲ 82.1% |
| Other amounts payable47/48 | €1,124 | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€21,834 | -€25,664 | ▼ 17.5% |
| + Depreciation and write-downs630 | €153 | €166 | ▲ 8.3% |
| Operating cash flow (approximation) | -€21,681 | -€25,498 | ▼ 17.6% |
| Investment in fixed assets (approximation) | - | -€166 | - |
| Change in cash | - | -€245 | - |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
NBB filing
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, Tournai · 1 establishment unit since 2024
Ground area
577 m²
Building footprint
138 m²
Volume, LiDAR
699 m³
Parcel 57060A0261/00N000, Wallonia · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GKconstruct
since 20242.354.973.522
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57060A0261/00N000 | Wallonia | 577 m² | 1 · 138 m² | 6.5 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 333 companies in sector 41002 we hold annual accounts for 133. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-01-2024
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43110Demolition
43120Site preparation
43223Specialised construction activities
43230Insulation installation
43410Roofing work
43421Specialised construction activities
43422Screed work
81220Other building cleaning and industrial cleaning
Contact
E-mail
gkconstruct24@gmail.com
E-mail
gkconstructsrl@gmail.com
Scores and ratios are computed by Checked and are not a credit decision.