Losses
The 2022 and 2024 financial years closed with a loss. 2024 was the heaviest.
The 2022 and 2024 financial years closed with a loss. 2024 was the heaviest.
A director left. Latest change 05-03-2026 · 1 in office.
Less equity than 85% of companies in construction of buildings. Sector median €45,395 · 9,844 companies.
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 1 in 9 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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). It does better than 25% of them on solvency, 21% on liquidity and 5% on profitability.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the high class on 30-06-2025, 14.6% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 1,207 companies had the same profile as GLOBAL METHOD has now. Each dot stands for 4 companies, two years later.
Another 0.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of GLOBAL METHOD itself is higher: 10.7% within 12 months. It rests on far more data about GLOBAL METHOD than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,207 companies, not a prediction for GLOBAL METHOD. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.22 (2.95 in 2022), below the usual 1.5. Short-term debt is 82% and cash 16.8% of total assets. 82% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 2 accounts on average 106 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| GLOBAL METHOD Vilvoorde | €14,060 | -€2,675 | 18.0% | - |
| ZDR&CO Vilvoorde | €12,509 | -€11,963 | 35.7% | - |
| ALL MULTISERVICES Wemmel | €15,920 | -€10,365 | -76.7% | - |
| RHINOVA Sint-Pieters-Leeuw | €15,153 | -€22,901 | -49.4% | - |
| LMB RENOVATION Kraainem | €16,234 | -€8,810 | -102.9% | - |
| DOVAMEN Kraainem | €15,183 | -€2,311 | 100.0% | - |
| GYPSE DECOR Sint-Pieters-Leeuw | €12,280 | -€2,517 | -93.5% | - |
These companies have the same main activity as GLOBAL METHOD: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €12,300 and €16,200, founded between 2021 and 2022.
The computed 12-month bankruptcy probability of GLOBAL METHOD is 10.7% (high). The 2024 annual accounts show equity of €2,526 and a net result of -€6,897.
Its solvency ranks better than 25% of 9,833 sector peers (NACE 41, financial year 2024). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 10 November 2026.
Turnover and EBIT margin are not published. The micro format does not require them.
Higher than 25% of 9,833 companies in 2024.
Higher than 33% of 9,553 companies in 2024.
Lower than 95% of 9,646 companies in 2024.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2024 | 2022 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
14,060 | 9,766 | |
29/58 |
14,060 | 9,766 | |
3 |
7,290 | - | |
30/36 |
7,290 | - | |
40/41 |
4,406 | 9,766 | |
40 |
3,441 | 3,441 | |
41 |
965 | 6,325 | |
54/58 |
2,364 | - | |
| Balance sheet: equity and liabilities | |||
10/49 |
14,060 | 9,766 | |
10/15 |
2,526 | 6,455 | |
10/11 |
7,500 | 7,500 | |
10 |
7,500 | 7,500 | |
100 |
7,500 | 7,500 | |
14 |
-4,974 | -1,045 | |
17/49 |
11,534 | 3,311 | |
42/48 |
11,534 | 3,311 | |
44 |
11,055 | 3,311 | |
440/4 |
11,055 | 3,311 | |
47/48 |
479 | - | |
| Income statement | |||
9900 |
-2,675 | -1,045 | |
640/8 |
4,169 | - | |
9901 |
-6,844 | -1,045 | |
65/66B |
53 | - | |
65 |
53 | - | |
9903 |
-6,897 | -1,045 | |
9904 |
-6,897 | -1,045 | |
9905 |
-6,897 | -1,045 | |
| Appropriation of the result | |||
9906 |
-4,974 | -1,045 | |
14P |
1,923 | - | |
| Document | |||
Source: Annual accounts 2024 (PDF), filed on 28-10-2025.
| Line | Trend | 2024 | 2022 |
|---|---|---|---|
| 2,526 | 6,455 | ||
| 18.0% | 66.1% | ||
| 1.22 | 2.95 | ||
| 0.59 | 2.95 | ||
| 4.57 | 0.51 | ||
| -273.0% | -16.2% | ||
| -49.1% | -10.7% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2024 is a loss of €6,844, against a loss of €1,045 in 2022. Comparable figures for the intervening years are unavailable.
Debt's share of the balance-sheet total is 82.0%.
GLOBAL METHOD has no parent and no holdings in its annual accounts. Boukhaida Akhayad Nourdin is the only director. GLOBAL METHOD shares no director with another company.
| DA GROUP
registered office since 21-09-2020 · founded in 2020 · accounts filed late |
turnover €1.6m (2024) 0754.683.160 |
| GO-SERVICES
registered office since 01-05-2010 · founded in 2007 |
7.9 FTE (2025) 0893.182.235 |
| VAN HAME
registered office since 24-11-2010 · founded in 2010 |
11 FTE (2025) 0831.362.452 |
| FM BELGIQUE
registered office since 28-04-2023 · founded in 2023 |
turnover €730,102 (2025) 0801.293.937 |
| KOURHANY MACHINERY
registered office since 05-03-2021 · founded in 2021 |
total assets €685,605 (2025) 0764.691.976 |
| HIKE
establishment since 01-04-2026 · founded in 2024 |
total assets €601,367 (2025) 1007.329.162 |
| IS Bâtisse
registered office since 10-07-2020 · founded in 2020 |
total assets €543,637 (2025) 0750.522.652 |
| DAVID BAT
registered office since 14-09-2024 · founded in 2024 |
turnover €518,218 (2025) 1013.576.160 |
| MANUEL CONSTRUCT
registered office since 08-09-2022 · founded in 2022 · accounts filed late |
turnover €360,288 (2025) 0790.614.633 |
| WorkOffice
establishment since 26-03-2024 · founded in 2021 · accounts filed late |
total assets €354,555 (2024) 0778.730.252 |
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 14 January 2022, GLOBAL METHOD was incorporated as a private limited company by one natural person, with a starting capital of €7,500.12 In 2024 the registered office moved to Vilvoorde.3 Boukhaida Akhayad Nourdin is director of the company, appointed by deed of 11-07-2024.4 Total assets went from €9,766 in 2022 to €14,060 in 2024.5
| Establishment | Since | Unit number |
|---|---|---|
| Guldenschaapstraat 6 registered office 1800 Vilvoorde | ||
| Imperiastraat 8 1930 Zaventem | 01-03-2022 | 2.328.529.243 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23094D0041/00F000 | 7,975 m² | 1 · 1,789 m² | 10.9 m · 2 |
| 23642D0866/00X000 | 93 m² | 1 · 82 m² | 11.0 m · 3 |
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. Use the enterprise number 0780.466.948
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