GLN CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of GLN CONSTRUCT is 3.4% (moderate). The 2024 annual accounts show equity of €25,514 and a net result of €22,514. Its solvency ranks better than 95% of 9,837 sector peers (NACE 41, financial year 2024). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €25,514
- Profit
- €22,514
Why 53raises risk1 financial year not filed after the legal deadline; last filed accounts filed 146 days late; 1 of the last 3 lateFigures for financial year 2024 (filed 24-12-2025)Founded in 2023Size: total assets €26,919Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro): better than 92% on solvency, 99% on liquidity and 91% on profitability.
The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its 2024 accounts 146 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · micro…
- IncorporationAppointment: DOS REIS DA COSTA…
Financials · financial year 2024, micro format
2024 annual accounts filed late (146 days) Filed on 24 December 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00589593.
Turnover and EBIT margin not published: the micro format does not require them.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.4% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 39,278 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.
| Line | 2024 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,522 |
| Other operating charges640/8 | €198 |
| Gross operating margin9900 | €24,252 |
| Operating profit (loss)9901 | €22,532 |
| Financial charges65/66B | €18 |
| Recurring financial charges65 | €18 |
| Profit (loss) for the period before taxes9903 | €22,514 |
| Profit (loss) for the period9904 | €22,514 |
| Profit (loss) for the period to be appropriated9905 | €22,514 |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €26,919 | |
| Fixed assets21/28 | €4,369 | |
| Tangible fixed assets22/27 | €4,369 | |
| Furniture and vehicles24 | €4,369 | |
| Current assets29/58 | €22,551 | |
| Amounts receivable within one year40/41 | €10,787 | |
| Trade receivables40 | €7,897 | |
| Other amounts receivable41 | €2,890 | |
| Cash at bank and in hand54/58 | €11,764 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €26,919 | |
| Equity10/15 | €25,514 | |
| Contributions10/11 | €3,000 | |
| Capital10 | €3,000 | |
| Issued capital100 | €3,000 | |
| Profit (loss) carried forward14 | €22,514 | |
| Amounts payable17/49 | €1,405 | |
| Amounts payable within one year42/48 | €1,405 | |
| Trade debts44 | €1,405 | |
| Suppliers440/4 | €1,405 | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | €22,514 |
| + Depreciation and write-downs630 | €1,522 |
| Operating cash flow (approximation) | €24,036 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 24-12-2025 | 2025-00589593 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| DOS REIS DA COSTA, Nilson |
|
Owners and capital
Capital and shareholders
- DOS REIS DA COSTA, Nilson 1,000 shares (100%) · €3,000
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 18-10-2023 Incorporation · €3,000 · 1,000 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
18-10
Gazette deed
IncorporationAppointment: DOS REIS DA COSTA, Nilson (director) · Founder · Founding capital7 facts ▸
- Incorporation, 13-10-2023
- Founder, DOS REIS DA COSTA, Nilson
- Founding capital, €3,000
- Other provision, “statuten vastgesteld, statuten luiden als volgt” (deed in Dutch)
- General meeting, “statutenvastgelegd, aandeelhouderoefenendemachtenbuitengewonealgemenevergadering” (deed in Dutch)
- Board rule, 1
- Director appointment, DOS REIS DA COSTA, Nilson (director)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1001.220.241
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23078A0472/00L000 | Flanders | 461 m² | 1 · 192 m² | 10.8 m · 3 |
| 21446D0010/00F005 | Brussels | 95 m² | 1 · 87 m² | 12.7 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Alle gereglementeerde of niet gereglementeerde werken die betrekking hebben tot de bouwsector; Alle ruwbouwwerkzaamheden, algemeen…” (deed in Dutch)
8 activities (deed in Dutch)
- Alle gereglementeerde of niet gereglementeerde werken die betrekking hebben tot de bouwsector
- Alle ruwbouwwerkzaamheden, algemeen bouwbedrijf, bekisting en bewapening, betegeling, dakbedekking en waterdichting, beglazing
- Het schoonmaken en het onderhoud van onroerende goederen, het schoonmaken van vensters en van bureaus, kleine bureauwerkjes, interimdiensten, onder aanneming
- Het algemene onderhoud van gebouwen, de schilderwerken, metselwerk, elektriciteit, dakbedekking, algemene ondernemingswerken
- Het leveren van elke dienst of prestatie ten voordele van private of commerciële klanten
- De aankoop en de verkoop in groot- en kleinhandel, invoer en uitvoer van bouwmateriaal, elektrische en elektronisch materiaal, sanitaire installaties en loodgieterij
- Artisanale producten in het algemeen, behangsel inclusief artikels uit de wereld
- De volle rechtsbekwaamheid om alle handelingen en verrichtingen te voltrekken die een rechtstreeks of onrechtstreeks verband houden met haar voorwerp of welke van dien aard zouden zijn dat zij de verwezenlijking van dit voorwerp, rechtstreeks of onrechtstreeks, geheel of ten dele vergemakkelijken
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- GLN CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, door eenvoudig besluit bestuursorgaan administratieve zetels,bijkantoren,agentschappen,opslagplaatsen en verkooppunten in…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “In-naam-en-voor-rekening-van-rechtspersoon, 13” (deed in Dutch)“14, beëindigt-mandaat-voorganger-behoudens-anders-besluit” (deed in Dutch)“15, handelingen-wet-en-statuten-aan-algemene-vergadering-voorbehouden” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “1000, gelijk recht in de winstverdeling” (deed in Dutch)1 more provision on this in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Netto-actief-zoals-laatste-goedgekeurde-jaarrekeningen, helft-van-aandelen-na-aftrek-voorgestelde-aandelen” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Voorwaarden-en-modaliteiten-uitgifte-nieuwe-aandelen, 8.5” (deed in Dutch)
- Authorised capitalThe amount by which the board may raise capital without a new shareholder decision.
- “Data-en-voorwaarden, toelating” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Monday of June at 18:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- One provision in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed