GLM CONSTRUCT
ActiveThe computed 12-month bankruptcy probability of GLM CONSTRUCT is 2.2% (moderate). The 2025 annual accounts show equity of €7k and a net result of €3k. Equity is growing by ~96.1% per year across the filed fiscal years. Its solvency ranks better than 36% of 7452 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▼-16
Solvency56▲+10
Growth78=
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Five 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
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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 17-07-2026, 14 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
14 d early
2024
50 d early
2023
54 d early
2022
35 d early
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€7k▲ 62.0%
2024 · €4k
2022: €-3k
2023: €-776
2024: €4k
2022 → 2025
Total assets
€22k▲ 10.4%
2024 · €20k
2022: €3k
2023: €14k
2024: €20k
2022 → 2025
Net result
€3k▼ 47.7%
2024 · €5k
2022: €-4k
2023: €2k
2024: €5k
2022 → 2025
Working capital
€5k▲ 8.9%
2024 · €4k
2022: €-3k
2023: €4k
2024: €4k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€-3k-€-776▲ 70.2%€4k€7k▲ 62.0%
Operating result€-4k-€2k€6k▲ 228%€5k▼ 27.8%
Net result€-4k-€2k€5k▲ 171%€3k▼ 47.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 28% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €22k
Fixed assets
€2k
Current assets
€20k
Equity and liabilities €22k
Equity
€7k▲ 62.0%
Debt
€15k▼ 3.2%
The debt ratio falls from 79.2% to 69.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5k
Cash flow
€3k
Solvency
30.6%▲
2024 · 20.8%
Current ratio
1.30▲
2024 · 1.26
Quick ratio
1.30▲
2024 · 1.26
Debt / equity
2.27▼
2024 · 3.80
ROE
38.3%▼
2024 · 118.6%
ROA
11.7%▼
2024 · 24.7%
Interest coverage
8.35
Debt
€15k▼
2024 · €16k
Debt ≤ 1 year
€15k▼
2024 · €16k
Income taxes
€1k▲
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€20k€22k▲
Fixed assets21/28-€2k
Tangible fixed assets22/27-€2k
Furniture and vehicles24-€2k
Current assets29/58€20k€20k▼
Amounts receivable within one year40/41€178€901▲
Trade receivables40-€901
Other amounts receivable41€178-
Cash at bank and in hand54/58€20k€19k▼
Equity and liabilities
Total equity and liabilities10/49€20k€22k▲
Equity10/15€4k€7k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€3k€5k▲
Amounts payable17/49€16k€15k▼
Amounts payable within one year42/48€16k€15k▼
Trade debts44€5k€2k▼
Suppliers440/4€5k€2k▼
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3€2k€3k▲
Other amounts payable47/48€10k€10k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€347
Other operating charges640/8€245€729▲
Gross operating margin9900€7k€6k▼
Operating profit (loss)9901€6k€5k▼
Financial charges65/66B€143€599▲
Recurring financial charges65€143€599▲
Profit (loss) for the period before taxes9903€6k€4k▼
Income taxes67/77€1k€1k▲
Profit (loss) for the period9904€5k€3k▼
Profit (loss) for the period to be appropriated9905€5k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3k€5k▲
Profit (loss) brought forward from the previous period14P€-2k€3k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2022net €5k ▲171%
Operating result €6k, net result €5k, both a record.
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.34
Current ratio from 0.54 to 1.34.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ternat · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Nieuwbaan 301742 TernatGround area
162 m²
Building footprint
83 m²
Volume, LiDAR
548 m³
Parcel 23071A0051/00A003, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GLM CONSTRUCT
since 20212.326.144.825
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23071A0051/00A003 | Flanders | 162 m² | 1 · 83 m² | 9.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
UpRise Pro
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WONINGBOUW MICHEL NOELS
BE 0475.910.803
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Miralli Group
BE 0801.032.631
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GODENI CONSTRUCT
BE 0766.683.446
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ESTA BUILD
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Of 29,801 companies in sector 41001 we hold annual accounts for 16,050. 7,690 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-12-2021
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43110Demolition
43211General electrical installation work
43221Plumbing work
43240Other construction installation
43299Specialised construction activities
43341Painting of buildings
43910Bricklaying and masonry work
43990Other specialised construction activities
43994Specialised construction activities
43995Specialised construction activities
43999Specialised construction activities
47120Other non-specialised retail sale
47910Retail trade
81210General cleaning of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.