GLOBAL SOLUTION CONSTRUCT
ActiveSummary
GLOBAL SOLUTION CONSTRUCT has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €94,937 and a net result of €15,402. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 77% of 9976 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability83▲+66
Solvency93▲+9
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 5.04 against 3.58 in 2023; short-term debt: 13.3% and cash: 55.6% of total assets), and 32% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €94,937
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
15 d early
2022
25 d early
2021
6 d early
2020
25 d late
2019
31 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 5 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€94,937▲ 19.4%
2023 · €79,536
Total assets
€139,562▲ 3.5%
2023 · €134,866
Net result
€15,402
2023 · -€2,322
Working capital
€75,151▲ 9.9%
2023 · €68,403
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€8,527▲ 1.2%€836▼ 90.2%€6,175▲ 639%-€1,231€21,394
Net result€3,919▲ 120%-€1,884€2,891-€2,322€15,402
Equity€80,851▲ 5.1%€78,967▼ 2.3%€81,858▲ 3.7%€79,536▼ 2.8%€94,937▲ 19.4%
Total assets€271,995▼ 18.1%€238,669▼ 12.3%€149,028▼ 37.6%€134,866▼ 9.5%€139,562▲ 3.5%
Debt€191,144▼ 25.1%€159,702▼ 16.4%€67,170▼ 57.9%€55,331▼ 17.6%€44,625▼ 19.3%
Working capital€48,922▲ 46.7%€43,234▼ 11.6%€66,754▲ 54.4%€68,403▲ 2.5%€75,151▲ 9.9%
Staff (FTE)
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €21,394 after a loss of €1,231 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €139,562
Fixed assets
€45,807 ▲ 14.7%
Current assets
€93,755 ▼ 1.2%
Equity and liabilities €139,562
Equity
€94,937 ▲ 19.4%
Debt
€44,625 ▼ 19.3%
Debt's share of the balance-sheet total falls from 41.0% to 32.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€23,897▲
2023 · €64
Cash flow
€17,904▲
2023 · -€1,028
Current ratio
5.04▲
2023 · 3.58
Debt to equity
0.47▼
2023 · 0.70
ROE
16.2%▲
2023 · -2.9%
ROA
11.0%▲
2023 · -1.7%
Interest coverage
26.20▲
2023 · 0.06
Debt ≤ 1 year
€18,604▼
2023 · €26,531
Debt > 1 year
€26,021▼
2023 · €28,800
Income taxes
€5,090▲
2023 · €221
Staff costs
€3,068▼
2023 · €7,707
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €17,312 | - | - | - |
| Remuneration, social security and pensions62 | - | €3,489 | €7,226 | €7,707 | €3,068 | ▼ 60.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,109 | €6,003 | €4,884 | €1,295 | €2,503 | ▲ 93.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €11,185 | -€11,185 | - | - | - |
| Other operating charges640/8 | - | €1,082 | €886 | €10,423 | €2,405 | ▼ 76.9% |
| Non-recurring operating charges66A | - | €86 | - | €20,063 | - | - |
| Gross operating margin9900 | €23,941 | €22,681 | €7,986 | €38,257 | €29,369 | ▼ 23.2% |
| Operating profit (loss)9901 | €8,527 | €836 | €6,175 | -€1,231 | €21,394 | ▲ 1,839% |
| Financial income75/76B | - | €591 | €149 | €251 | €10 | ▼ 95.9% |
| Recurring financial income75 | €367 | €591 | €149 | €251 | €10 | ▼ 95.9% |
| Financial charges65/66B | - | €3,310 | €2,693 | €1,121 | €912 | ▼ 18.7% |
| Recurring financial charges65 | €4,821 | €3,310 | €2,693 | €1,121 | €912 | ▼ 18.7% |
| Profit (loss) for the period before taxes9903 | €4,073 | -€1,884 | €3,632 | -€2,101 | €20,492 | ▲ 1,075% |
| Income taxes67/77 | €154 | - | €741 | €221 | €5,090 | ▲ 2,203% |
| Profit (loss) for the period9904 | €3,919 | -€1,884 | €2,891 | -€2,322 | €15,402 | ▲ 763% |
| Profit (loss) for the period to be appropriated9905 | €3,919 | -€1,884 | €2,891 | -€2,322 | €15,402 | ▲ 763% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €271,995 | €238,669 | €149,028 | €134,866 | €139,562 | ▲ 3.5% |
| Fixed assets21/28 | €169,948 | €163,945 | €46,627 | €39,932 | €45,807 | ▲ 14.7% |
| Tangible fixed assets22/27 | €165,391 | €159,388 | €38,946 | €37,651 | €43,476 | ▲ 15.5% |
| Land and buildings22 | - | €159,179 | €38,946 | €37,651 | €36,356 | ▼ 3.4% |
| Plant, machinery and equipment23 | - | €209 | €0 | €0 | - | - |
| Furniture and vehicles24 | - | €0 | €0 | €0 | €7,120 | - |
| Financial fixed assets28 | €4,557 | €4,557 | €7,681 | €2,281 | €2,331 | ▲ 2.2% |
| Current assets29/58 | €102,047 | €74,724 | €102,401 | €94,934 | €93,755 | ▼ 1.2% |
| Amounts receivable within one year40/41 | €46,835 | €63,475 | €88,510 | €25,548 | €16,107 | ▼ 37.0% |
| Trade receivables40 | - | €26,798 | €37,604 | €21,708 | €16,107 | ▼ 25.8% |
| Other amounts receivable41 | - | €36,677 | €50,906 | €3,840 | - | - |
| Cash at bank and in hand54/58 | €54,406 | €11,249 | €13,892 | €69,386 | €77,648 | ▲ 11.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €271,995 | €238,669 | €149,028 | €134,866 | €139,562 | ▲ 3.5% |
| Equity10/15 | €80,851 | €78,967 | €81,858 | €79,536 | €94,937 | ▲ 19.4% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €60,391 | €58,507 | €61,398 | €59,076 | €74,477 | ▲ 26.1% |
| Amounts payable17/49 | €191,144 | €159,702 | €67,170 | €55,331 | €44,625 | ▼ 19.3% |
| Amounts payable after more than one year17 | €138,019 | €128,212 | €31,522 | €28,800 | €26,021 | ▼ 9.6% |
| Financial debts170/4 | - | €128,212 | €31,522 | €28,800 | €26,021 | ▼ 9.6% |
| Amounts payable within one year42/48 | €53,125 | €31,490 | €35,647 | €26,531 | €18,604 | ▼ 29.9% |
| Current portion of amounts payable after more than one year42 | - | €11,390 | €2,669 | €2,723 | €2,778 | ▲ 2.0% |
| Trade debts44 | €6,344 | €19,442 | €29,262 | €16,059 | €9,567 | ▼ 40.4% |
| Suppliers440/4 | - | €19,442 | €29,262 | €16,059 | €9,567 | ▼ 40.4% |
| Advances received on contracts in progress46 | - | - | €2,300 | - | - | - |
| Taxes, remuneration and social security45 | - | €657 | €1,417 | €7,748 | €6,257 | ▼ 19.2% |
| Taxes450/3 | - | €110 | €741 | €7,179 | €6,257 | ▼ 12.8% |
| Remuneration and social security454/9 | - | €547 | €676 | €569 | - | - |
| Other amounts payable47/48 | - | - | - | €1 | €2 | ▲ 138% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,919 | -€1,884 | €2,891 | -€2,322 | €15,402 | ▲ 763% |
| + Depreciation and write-downs630 | €13,109 | €6,003 | €4,884 | €1,295 | €2,503 | ▲ 93.3% |
| Operating cash flow (approximation) | €17,028 | €4,120 | €7,775 | -€1,028 | €17,904 | ▲ 1,842% |
| Investment in fixed assets (approximation) | - | €0 | €112,434 | €5,400 | -€8,378 | ▼ 255% |
| Change in cash | - | -€43,157 | €2,643 | €55,494 | €8,262 | ▼ 85.1% |
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
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €15,402
Net result €15,402 after one loss-making year.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€2,322
Net result drops to -€2,322, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €2,891
Net result €2,891 after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 25 days late
2016
10-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Braine-l'Alleud · 1 establishment unit since 2012
Ground area
712 m²
Building footprint
200 m²
Volume, LiDAR
1,587 m³
Parcel 25054A0123/00Y000, Wallonia · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Rue René Francq 3, 1428 Braine-l'Alleud
since 20122.212.107.962
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25054A0123/00Y000 | Wallonia | 712 m² | 1 · 200 m² | 10.2 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.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,039. 13,149 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
Founded10-08-2012
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43910Bricklaying and masonry work
Scores and ratios are computed by Checked and are not a credit decision.