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BE 0698.589.149Private limited company (pre-2019)Open bankruptcy
GM CONSTRUCT
Ringlaan 15 ·3550 Heusden-Zolder, Belgium· 8 yrs active
Sector: Specialised construction
(43990)
Conclusion
A bankruptcy procedure is open for GM CONSTRUCT according to publications in the Belgian State Gazette. The 2024 annual accounts show equity of €27k and a net result of €-37k.
Based on the State Gazette, CBE and 7 annual accounts.
Key figures
| Equity | €27k |
| Net result | €-37k |
| Better than sector | 85% |
| Active | 8 yrs |
Snowflake analysis
34
/ 100
Fragile profile — watch health in particular.
Health
0
Profitability
0
Solvency
100
Growth
68
Stability
0
Bankruptcy probability (12 mo)
Bankruptcy opened
A bankruptcy procedure is already open — a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Risk Assessment
50 / 100
High riskComponents
· Open bankruptcy (+50)
Trust signals
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
No administrative flags
Health barometer
0
/ 100
Critical
Unlock the full score breakdown, per-year score history and the indicative credit limit from Starter.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.
Financial overview
Annual accounts filed on 29-08-2025 with the NBB · fiscal year 2024 · micro
Sector comparison
Fiscal year 2024 · NACE 43 — Specialised construction · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 71.2% | 39.5% | |
| Net result | €-37k | €11k | |
| Equity | €27k | €32k | |
| Gross operating margin | €-27k | €33k | |
| Staff costs | €6k | €25k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€162k
+154.2%
18–24
€-33k
—
18–24
€-37k
—
18–24
€-33k
—
18–24
€38k
-62.3%
18–24
€27k
-58.0%
18–24
€16k
-70.9%
18–24
€6k
+92.1%
18–24
€162
-97.8%
18–24
€11k
-69.9%
18–24
€11k
-69.9%
18–24
2.45
-2.1%
18–24
2.45
-2.1%
18–24
71.2%
+11.3%
18–24
0.40
-28.3%
18–24
-138.1%
—
18–24
-98.3%
—
18–24
11.8%
-45.1%
18–24
15.4%
—
18–24
-10.00
—
18–24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Revenue | — |
| EBITDA | €-33k |
| Net profit | €-37k |
| Cash flow | €-33k |
| Staff costs | €6k |
| Income taxes | €162 |
| Dividends | — |
| Total assets | €38k |
| Equity | €27k |
| Debt | €11k |
| of which ≤ 1y | €11k |
| of which > 1y | — |
| Working capital | €16k |
| Employees (FTE) | — |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 2.45 |
| Quick ratio | 2.45 |
| Working capital ratio | 41.6% |
| Solvency | 71.2% |
| Debt / equity | 0.40 |
| Long-term debt ratio | — |
| Interest coverage | -10.00 |
| Gross margin | — |
| Net margin | — |
| ROA | -98.3% |
| ROE | -138.1% |
| EBITDA margin | — |
| Days sales outstanding | — |
| Days payable outstanding | — |
| Inventory turnover | — |
| Days inventory (DSI) | — |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet — Assets | ||
| TOTAL ASSETS | 20/58 | €38k |
| Fixed assets | 21/28 | €11k |
| Tangible fixed assets | 22/27 | €11k |
| Current assets | 29/58 | €27k |
| Amounts receivable within one year | 40/41 | €20k |
| Cash & bank | 54/58 | €5k |
| Balance sheet — Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €38k |
| Equity | 10/15 | €27k |
| Contributions / capital | 10/11 | €1 |
| Reserves | 13 | €64k |
| Accumulated profits (losses) | 14 | €-37k |
| Amounts payable | 17/49 | €11k |
| Amounts payable within one year | 42/48 | €11k |
| Trade debts payable within one year | 44 | €3k |
| Income statement | ||
| Gross operating margin | 9900 | €-27k |
| Operating result | 9901 | €-36k |
| Financial income | 75 | €3k |
| Financial charges | 65 | €3k |
| Result before taxes | 9903 | €-37k |
| Income taxes | 67/77 | €162 |
| Net result for the period | 9904 | €-37k |
| Result to be appropriated | 9905 | €-37k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Directors & mandates
| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | TOM ARTS JAARBEURSLAAN 19/31, 3600 GENK- |
15-05-2025 → present | Belgian State Gazette |
| Curator | GEERT RENIERS JAARBEURSLAAN 19/31,
3600 GENK |
15-05-2025 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Specialised construction(43990) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 19-06-2018 |
| Status | Active |
| Postal code | 3550 |
| First BS signal | 21-05-2025 |
| Latest BS signal | 21-05-2025 |
Company structure — linked entities
Mandates
↔
1
of these mandate-holders are active on other cases — click any red card to open that KBO.
Establishment units
GM CONSTRUCT
since 20182.279.077.554
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71065B0205/00V000 | Flanders | 2,337 m² | 1 · 178 m² | 15.3 m · 4 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data — this is not proof of ownership.
Updates
A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
2025
29-08-2025
NBB filing
Annual accounts filed
21-05-2025
Bankruptcy
Opening
2024
30-04-2024
NBB filing
Annual accounts filed
2023
02-10-2023
NBB filing
Annual accounts filed
2022
31-12-2022
NBB filing
Annual accounts filed
2021
29-10-2021
NBB filing
Annual accounts filed
2020
26-08-2020
NBB filing
Annual accounts filed
2019
31-10-2019
NBB filing
Annual accounts filed
Lifecycle & Insolvency Signals
21-05-2025
Bankruptcy
Opening
Time machine — BS events + macro context
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023–2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Credit advice
AI due-diligence brief
Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Coming soon
AI-generated from Checked data; indicative, not legal or investment advice.
Company registry (CBE)
Activities
Overige gespecialiseerde bouwactiviteiten, neg43990Overige gespecialiseerde bouwwerkzaamheden43999
Primary activity highlighted.
Names & trade names
| Legal nameNL | GM CONSTRUCT |
Registered office
Ringlaan 15 bus 1
3550 Heusden-Zolder, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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