GL CONSTRUCTION
Judicial reorganisationSummary
The file of GL CONSTRUCTION contains 2 judicial reorganisation notices, as published in the Belgian State Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2024 annual accounts show equity of €15,949 and a net result of -€8,870. Equity is growing by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 39% of 36386 sector peers (fiscal year 2024).
Are you a creditor?
Judicial reorganisation
Source: Belgian Official Gazette
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- Enterprise Court of Liège
- Opened
- 15 October 2019
- Track
- Reorganisation by collective agreement
- Docket number
- 20190052
- Moratorium until
- 15 April 2021 (passed; an extension would be in a later judgment)
- Delegated judge
- Jean-Marc Wouters
- Official Gazette
- 21-10-2019 (pdf) ↗search the document for 2019/152818
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- Check the amount the company lists you for: it has to tell you. If it is wrong, dispute it in writing.
- The company files a reorganisation plan and creditors vote on it at a hearing. A plan approved and confirmed by the court also binds those who voted against.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette. The date of the vote on the plan is in the judgment and in RegSol.
View the file in RegSol ↗
Watch
Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company
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Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency62▼-22
Growth78=
Track record60
Credit verdict
No credit on open account during an ongoing judicial reorganisation
Liquidity ample (current ratio 1.56 against 2.43 in 2023; short-term debt: 63.4% and cash: 11% of total assets), but 63.4% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€8,870
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-11-2025, 112 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
112 d late
2023
15 d early
2022
16 d early
2021
30 d late
2020
6 d late
2019
10 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 21 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
What should you check before you do business with this company?Supplier due diligence What held for this company on a given day: board, seat, name?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Plastering work sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
€0
Total assets
€43,542▲ 4.3%
2023 · €41,740
Net result
-€8,870▲ 32.5%
2023 · -€13,134
Working capital
€15,566▼ 35.9%
2023 · €24,267
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€0
Operating result€2,010-€1,440€15,312-€14,130-€8,243▲ 41.7%
Net result€4,139within the sector's middle half-€890below the sector's middle half€14,967within the sector's middle half-€13,134below the sector's middle half-€8,870below the sector's middle half▲ 32.5%
Equity€13,739below the sector's middle half▲ 43.1%€22,987within the sector's middle half▲ 67.3%€37,954within the sector's middle half▲ 65.1%€24,819within the sector's middle half▼ 34.6%€15,949below the sector's middle half▼ 35.7%
Total assets€30,495below the sector's middle half▼ 13.2%€29,791below the sector's middle half▼ 2.3%€54,039below the sector's middle half▲ 81.4%€41,740below the sector's middle half▼ 22.8%€43,542below the sector's middle half▲ 4.3%
Debt€16,757▼ 34.4%€6,805▼ 59.4%€16,085▲ 136%€16,921▲ 5.2%€27,593▲ 63.1%
Working capital€13,739within the sector's middle half▲ 43.1%€22,987within the sector's middle half▲ 67.3%€37,231within the sector's middle half▲ 62.0%€24,267within the sector's middle half▼ 34.8%€15,566within the sector's middle half▼ 35.9%
Solvency45.1%within the sector's middle half▲ 17.7pp77.2%above the sector's middle half▲ 32.1pp70.2%above the sector's middle half▼ 6.9pp59.5%within the sector's middle half▼ 10.8pp36.6%within the sector's middle half▼ 22.8pp
Current ratio1.82within the sector's middle half▲ 0.444.38above the sector's middle half▲ 2.563.31above the sector's middle half▼ 1.062.43within the sector's middle half▼ 0.881.56within the sector's middle half▼ 0.87
Return on assets (ROA)13.6%within the sector's middle half▲ 35.9pp-3.0%below the sector's middle half▼ 16.6pp27.7%above the sector's middle half▲ 30.7pp-31.5%below the sector's middle half▼ 59.2pp-20.4%below the sector's middle half▲ 11.1pp
Staff (FTE)0.1
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
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 €8,243 in 2024 against €14,130 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €43,542
Fixed assets
€383 ▼ 30.7%
Current assets
€43,159 ▲ 4.8%
Equity and liabilities €43,542
Equity
€15,949 ▼ 35.7%
Debt
€27,593 ▲ 63.1%
Debt's share of the balance-sheet total rises from 40.5% to 63.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€8,073▲
2023 · -€13,960
Cash flow
-€8,700▲
2023 · -€12,964
Debt to equity
1.73▲
2023 · 0.68
ROE
-55.6%▼
2023 · -52.9%
Interest coverage
-12.88▲
2023 · -21.72
Debt ≤ 1 year
€27,593▲
2023 · €16,921
Staff costs
€9,517▲
2023 · €1,524
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €0 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €1,524 | €9,517 | ▲ 525% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €128 | €170 | €170 | = |
| Other operating charges640/8 | - | - | €1,029 | €546 | €7,593 | ▲ 1,289% |
| Gross operating margin9900 | €2,010 | -€1,440 | €16,469 | -€11,890 | €9,037 | ▲ 176% |
| Operating profit (loss)9901 | €2,010 | -€1,440 | €15,312 | -€14,130 | -€8,243 | ▲ 41.7% |
| Financial income75/76B | - | €756 | €51 | €1,639 | - | - |
| Recurring financial income75 | €2,412 | €756 | €51 | €1,639 | - | - |
| Financial charges65/66B | - | €206 | €397 | €643 | €627 | ▼ 2.4% |
| Recurring financial charges65 | €283 | €206 | €397 | €643 | €627 | ▼ 2.4% |
| Profit (loss) for the period before taxes9903 | €4,139 | -€890 | €14,967 | -€13,134 | -€8,870 | ▲ 32.5% |
| Profit (loss) for the period9904 | €4,139 | -€890 | €14,967 | -€13,134 | -€8,870 | ▲ 32.5% |
| Profit (loss) for the period to be appropriated9905 | €4,139 | -€890 | €14,967 | -€13,134 | -€8,870 | ▲ 32.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €30,495 | €29,791 | €54,039 | €41,740 | €43,542 | ▲ 4.3% |
| Fixed assets21/28 | €0 | €0 | €723 | €553 | €383 | ▼ 30.7% |
| Tangible fixed assets22/27 | €0 | €0 | €723 | €553 | €383 | ▼ 30.7% |
| Plant, machinery and equipment23 | - | €0 | €0 | €0 | - | - |
| Furniture and vehicles24 | - | - | €723 | €553 | €383 | ▼ 30.7% |
| Current assets29/58 | €30,495 | €29,791 | €53,316 | €41,188 | €43,159 | ▲ 4.8% |
| Amounts receivable within one year40/41 | €30,380 | €11,525 | €52,716 | €40,577 | €38,359 | ▼ 5.5% |
| Trade receivables40 | - | €9,732 | €49,632 | €6,732 | €34,501 | ▲ 412% |
| Other amounts receivable41 | - | €1,793 | €3,084 | €33,845 | €3,858 | ▼ 88.6% |
| Cash at bank and in hand54/58 | €116 | €18,267 | €96 | €75 | €4,800 | ▲ 6,276% |
| Deferred charges and accrued income490/1 | - | - | €504 | €535 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €30,495 | €29,791 | €54,039 | €41,740 | €43,542 | ▲ 4.3% |
| Equity10/15 | €13,739 | €22,987 | €37,954 | €24,819 | €15,949 | ▼ 35.7% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €20,460 | ▲ 10.0% |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | - | - |
| Profit (loss) carried forward14 | €3,417 | €2,527 | €17,494 | €4,359 | -€4,511 | ▼ 203% |
| Amounts payable17/49 | €16,757 | €6,805 | €16,085 | €16,921 | €27,593 | ▲ 63.1% |
| Amounts payable within one year42/48 | €16,757 | €6,805 | €16,085 | €16,921 | €27,593 | ▲ 63.1% |
| Financial debts43 | - | €2,965 | €0 | - | - | - |
| Credit institutions430/8 | - | €2,965 | €0 | - | - | - |
| Trade debts44 | €4,566 | €1,808 | €8,636 | €14,112 | €23,469 | ▲ 66.3% |
| Suppliers440/4 | - | €1,808 | €8,636 | €14,112 | €23,469 | ▲ 66.3% |
| Taxes, remuneration and social security45 | - | €2,032 | €4,137 | €2,809 | €4,124 | ▲ 46.8% |
| Taxes450/3 | - | €32 | €32 | €0 | €4,124 | - |
| Remuneration and social security454/9 | - | €2,000 | €4,105 | €2,809 | - | - |
| Other amounts payable47/48 | - | - | €3,313 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | €0 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,139 | -€890 | €14,967 | -€13,134 | -€8,870 | ▲ 32.5% |
| + Depreciation and write-downs630 | - | - | €128 | €170 | €170 | = |
| Operating cash flow (approximation) | €4,139 | -€890 | €15,095 | -€12,964 | -€8,700 | ▲ 32.9% |
| Investment in fixed assets (approximation) | - | €0 | -€850 | €0 | -€1 | - |
| Change in cash | - | €18,151 | -€18,171 | -€20 | €4,725 | ▲ 23,420% |
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
2025
20-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 112 days late
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
15-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €14,967
Net result €14,967 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 4.38
Current ratio from 1.82 to 4.38; short-term debt falls from €16,757 to €6,805.
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
2020
31-12
Financial
Back to profitnet €4,139
Net result €4,139 after 2 loss-making years.
20-10
Judicial reorganisation
Extension
Tribunal de l’entreprise de Liège · collective agreement · event 13-10-2020
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 10 days late
2019
21-10
Judicial reorganisation
Opening
Tribunal de l’entreprise de Liège · collective agreement · event 15-10-2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
Show earlier events
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
18-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 140 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 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, Ans · 1 establishment unit since 2012
Ground area
515 m²
Building footprint
76 m²
Volume, LiDAR
573 m³
Parcel 62066B0247/00P009, Wallonia · tallest building 9.4 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
GL CONSTRUCTION
since 20122.216.034.581
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62066B0247/00P009 | Wallonia | 515 m² | 1 · 76 m² | 9.4 m · 3 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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BVBA DAMI
BE 0683.982.137
Lede · Eq €16,138
A & Z INTERIEURWERKEN
BE 0883.181.931
Heusden-Zolder · Eq €15,738
Spîk & Spaan
BE 0769.752.210
Overijse · Eq €15,738
Of 4,020 companies in sector 43310 we hold annual accounts for 1,749. 1,249 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
Founded05-11-2012
Fiscal year end31-12
Activities, NACEBEL 2025
43310Plastering work
43320Joinery installation
43332Laying of wooden floor and wall coverings
43422Screed work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0500562956
Also
9925:BE0500562956
Registered
04-04-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.