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GKL Construct

Active
Private limited companyfounded 2025active for 1 yearPastoriemolenstraat(W) 6, 8600 Diksmuide, BelgiumKBO/BCE: BE 1023.281.605
Summary

The computed 12-month bankruptcy probability of GKL Construct is 3.1% (moderate). The 2025 annual accounts show equity of €20,273 and a net result of €19,273. Its solvency ranks better than 77% of 34,747 sector peers (NACE 43, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, micro format

Turnover
≈ €410,000
Estimated: probably between €280,000 and €740,000
Total assets
€28,285
Net result
€19,273
Working capital
€20,273

Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Equity and liabilities €28,285
Equity €20,273
Debt €8,012
Debt finances 28.3% of the balance-sheet total.
Key figures and ratios
2025 value
Current ratio
3.53
Debt to equity
0.40
ROE
95.1%
ROA
68.1%
Debt ≤ 1 year
€8,012
Income taxes
€5,432

Peer companies

Historical observation

Of the 11,279 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96.6% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
96.6% still going

For this company itself Checked computes a higher bankruptcy probability: 3.1% 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%.

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% 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 11,279 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 · 27 lines
Balance sheet Code2025
Assets
Total assets20/58€28,285
Current assets29/58€28,285
Amounts receivable within one year40/41€27,703
Trade receivables40€27,703
Cash at bank and in hand54/58€583
Equity and liabilities
Total equity and liabilities10/49€28,285
Equity10/15€20,273
Contributions10/11€1,000
Profit (loss) carried forward14€19,273
Amounts payable17/49€8,012
Amounts payable within one year42/48€8,012
Trade debts44€605
Suppliers440/4€605
Taxes, remuneration and social security45€6,226
Taxes450/3€6,226
Other amounts payable47/48€1,182
Income statement Code2025
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€21,752
Other operating charges640/8€63
Gross operating margin9900€48,296
Operating profit (loss)9901€26,481
Financial charges65/66B€1,776
Recurring financial charges65€1,776
Profit (loss) for the period before taxes9903€24,705
Income taxes67/77€5,432
Profit (loss) for the period9904€19,273
Profit (loss) for the period to be appropriated9905€19,273
Appropriation of the result
Profit (loss) to be appropriated9906€19,273

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€21,752
Other operating charges640/8€63
Gross operating margin9900€48,296
Operating profit (loss)9901€26,481
Financial charges65/66B€1,776
Recurring financial charges65€1,776
Profit (loss) for the period before taxes9903€24,705
Income taxes67/77€5,432
Profit (loss) for the period9904€19,273
Profit (loss) for the period to be appropriated9905€19,273
Line2025
Assets
Total assets20/58€28,285
Current assets29/58€28,285
Amounts receivable within one year40/41€27,703
Trade receivables40€27,703
Cash at bank and in hand54/58€583
Equity and liabilities
Total equity and liabilities10/49€28,285
Equity10/15€20,273
Contributions10/11€1,000
Profit (loss) carried forward14€19,273
Amounts payable17/49€8,012
Amounts payable within one year42/48€8,012
Trade debts44€605
Suppliers440/4€605
Taxes, remuneration and social security45€6,226
Taxes450/3€6,226
Other amounts payable47/48€1,182
Line2025
Profit (loss) for the period9904€19,273
Operating cash flow (approximation)€19,273

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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Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 22-07-2026 2026-00324408

Similar companies · same sector, comparable size

Of the 15,130 active companies whose main activity is other specialised construction activities (NACE 43990), figures are known for 7,447. 5,236 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.