GM GENERAL CONSTRUCT
ActiveSummary
GM GENERAL CONSTRUCT has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €488k and a net result of €116k. Equity is growing by ~21.8% per year across the filed fiscal years. Its solvency ranks better than 54% of 1909 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
59
/ 100
Fair
The figures in the accounts for fiscal year 2025 give a score of 59 on their own. A confirmed filing finding caps the score. Each of these causes sets the same score on its own. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability68▼-24
Solvency75▼-25
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days only on tighter terms
Liquidity ample (current ratio 1.9 against 20.32 in 2024; short-term debt: 49.6% and cash: 2.3% of total assets), and 49.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
50.4%
Return on assets
12%
Age of the figures
15 mo
raises risk · Filed more than 90 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-09-2026, 221 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 8 filingsDeviation from the deadline
2025
221 d late
2024
210 d late
2023
110 d late
2022
27 d late
2021
94 d late
2020
81 d late
2019
27 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€488k▲ 31.3%
2024 · €372k
2019: €149klowest in 7 years
2020: €160k▲ +7.5% vs 2019
2021: €257k▲ +60.5% vs 2020
2022: €282k▲ +9.5% vs 2021
2023: €300k▲ +6.5% vs 2022
2024: €372k▲ +23.8% vs 2023
2025: €488k▲ +31.3% vs 2024highest in 7 years
2019 → 2025
Total assets
€969k▲ 150%
2024 · €388k
2019: €470k
2020: €258k▼ -45.2% vs 2019lowest in 7 years
2021: €340k▲ +32.0% vs 2020
2022: €357k▲ +5.0% vs 2021
2023: €574k▲ +60.7% vs 2022
2024: €388k▼ -32.4% vs 2023
2025: €969k▲ +150% vs 2024highest in 7 years
2019 → 2025
Net result
€116k▲ 63.2%
2024 · €71k
2019: €72k
2020: €11k▼ -84.5% vs 2019lowest in 7 years
2021: €97k▲ +772% vs 2020
2022: €24k▼ -74.8% vs 2021
2023: €18k▼ -24.9% vs 2022
2024: €71k▲ +288% vs 2023
2025: €116k▲ +63.2% vs 2024highest in 7 years
2019 → 2025
Working capital
€434k▲ 35.6%
2024 · €320k
2019: €141klowest in 7 years
2020: €188k▲ +33.0% vs 2019
2021: €254k▲ +35.2% vs 2020
2022: €281k▲ +10.6% vs 2021
2023: €229k▼ -18.5% vs 2022
2024: €320k▲ +40.0% vs 2023
2025: €434k▲ +35.6% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€257k-€282k▲ 9.5%€300k▲ 6.5%€372k▲ 23.8%€488k▲ 31.3%
2021: €257klowest in 5 years
2022: €282k▲ +9.5% vs 2021
2023: €300k▲ +6.5% vs 2022
2024: €372k▲ +23.8% vs 2023
2025: €488k▲ +31.3% vs 2024highest in 5 years
Operating result€97k-€24k▼ 74.8%€36k▲ 46.8%€102k▲ 183%€116k▲ 14.5%
2021: €97k
2022: €24k▼ -74.8% vs 2021lowest in 5 years
2023: €36k▲ +46.8% vs 2022
2024: €102k▲ +183% vs 2023
2025: €116k▲ +14.5% vs 2024highest in 5 years
Net result€97k-€24k▼ 74.8%€18k▼ 24.9%€71k▲ 288%€116k▲ 63.2%
2021: €97k
2022: €24k▼ -74.8% vs 2021
2023: €18k▼ -24.9% vs 2022lowest in 5 years
2024: €71k▲ +288% vs 2023
2025: €116k▲ +63.2% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 14% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €969k
Fixed assets
€54k ▲ 4.9%
Current assets
€915k ▲ 172%
Equity and liabilities €969k
Equity
€488k ▲ 31.3%
Debt
€481k ▲ 2,800%
Debt's share of the balance-sheet total rises from 4.3% to 49.6%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.90▼
2024 · 20.32
Debt to equity
0.99▲
2024 · 0.04
ROE
23.9%▲
2024 · 19.2%
ROA
12.0%▼
2024 · 18.4%
Debt ≤ 1 year
€481k▲
2024 · €17k
Staff costs
€6k▼
2024 · €17k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€388k€969k▲
Fixed assets21/28€51k€54k▲
Tangible fixed assets22/27€51k€54k▲
Plant, machinery and equipment23€2k€2k=
Furniture and vehicles24€49k€51k▲
Current assets29/58€337k€915k▲
Amounts receivable within one year40/41€55k€893k▲
Trade receivables40€55k€720k▲
Other amounts receivable41-€173k
Cash at bank and in hand54/58€282k€22k▼
Deferred charges and accrued income490/1€157€157=
Equity and liabilities
Total equity and liabilities10/49€388k€969k▲
Equity10/15€372k€488k▲
Contributions10/11€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€357k€474k▲
Amounts payable17/49€17k€481k▲
Amounts payable within one year42/48€17k€481k▲
Trade debts44-€479k
Suppliers440/4-€479k
Taxes, remuneration and social security45-€2k
Remuneration and social security454/9-€2k
Other amounts payable47/48€17k-
Income statement
Code20242025
Remuneration, social security and pensions62€17k€6k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k-
Other operating charges640/8€3k€3k▼
Gross operating margin9900€142k€125k▼
Operating profit (loss)9901€102k€116k▲
Financial charges65/66B€880€-81▼
Recurring financial charges65€880€-81▼
Profit (loss) for the period before taxes9903€101k€116k▲
Income taxes67/77€29k-
Profit (loss) for the period9904€71k€116k▲
Profit (loss) for the period to be appropriated9905€71k€116k▲
Appropriation of the result
Profit (loss) to be appropriated9906€357k€474k▲
Profit (loss) brought forward from the previous period14P€286k€357k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €67k | €97k | €114k | €17k | €6k | ▼ 66.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €2k | €20k | €20k | - | - |
| Other operating charges640/8 | €4k | - | €29k | €3k | €3k | ▼ 7.3% |
| Gross operating margin9900 | €178k | €124k | €198k | €142k | €125k | ▼ 11.9% |
| Operating profit (loss)9901 | €97k | €24k | €36k | €102k | €116k | ▲ 14.5% |
| Financial charges65/66B | - | - | €40 | €880 | €-81 | ▼ 109% |
| Recurring financial charges65 | - | - | €40 | €880 | €-81 | ▼ 109% |
| Profit (loss) for the period before taxes9903 | €97k | €24k | €36k | €101k | €116k | ▲ 15.5% |
| Income taxes67/77 | - | - | €18k | €29k | - | - |
| Profit (loss) for the period9904 | €97k | €24k | €18k | €71k | €116k | ▲ 63.2% |
| Profit (loss) for the period to be appropriated9905 | €97k | €24k | €18k | €71k | €116k | ▲ 63.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €340k | €357k | €574k | €388k | €969k | ▲ 150% |
| Fixed assets21/28 | €5k | €3k | €71k | €51k | €54k | ▲ 4.9% |
| Tangible fixed assets22/27 | €5k | €3k | €71k | €51k | €54k | ▲ 4.9% |
| Plant, machinery and equipment23 | €2k | €2k | €2k | €2k | €2k | = |
| Furniture and vehicles24 | €3k | €791 | €69k | €49k | €51k | ▲ 5.1% |
| Current assets29/58 | €335k | €354k | €503k | €337k | €915k | ▲ 172% |
| Amounts receivable within one year40/41 | €81k | €254k | €390k | €55k | €893k | ▲ 1,520% |
| Trade receivables40 | €40k | €225k | €305k | €55k | €720k | ▲ 1,207% |
| Other amounts receivable41 | €41k | €29k | €85k | - | €173k | - |
| Cash at bank and in hand54/58 | €254k | €101k | €113k | €282k | €22k | ▼ 92.2% |
| Deferred charges and accrued income490/1 | - | - | - | €157 | €157 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €340k | €357k | €574k | €388k | €969k | ▲ 150% |
| Equity10/15 | €257k | €282k | €300k | €372k | €488k | ▲ 31.3% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Capital10 | €12k | - | - | - | - | - |
| Issued capital100 | €19k | - | - | - | - | - |
| Uncalled capital101 | €6k | - | - | - | - | - |
| Outside capital11 | - | €12k | €12k | - | - | - |
| Other1109/19 | - | €12k | €12k | - | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €243k | €268k | €286k | €357k | €474k | ▲ 32.6% |
| Amounts payable17/49 | €83k | €76k | €274k | €17k | €481k | ▲ 2,800% |
| Amounts payable after more than one year17 | €2k | €2k | - | - | - | - |
| Financial debts170/4 | €2k | €2k | - | - | - | - |
| Amounts payable within one year42/48 | €81k | €74k | €274k | €17k | €481k | ▲ 2,800% |
| Current portion of amounts payable after more than one year42 | €5k | €5k | - | - | - | - |
| Trade debts44 | €53k | €41k | €259k | - | €479k | - |
| Suppliers440/4 | €53k | €41k | €259k | - | €479k | - |
| Taxes, remuneration and social security45 | €23k | €26k | €13k | - | €2k | - |
| Taxes450/3 | - | €4k | €13k | - | - | - |
| Remuneration and social security454/9 | €23k | €23k | - | - | €2k | - |
| Other amounts payable47/48 | €1k | €1k | €2k | €17k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €97k | €24k | €18k | €71k | €116k | ▲ 63.2% |
| + Depreciation and write-downs630 | €10k | €2k | €20k | €20k | - | - |
| Operating cash flow (approximation) | €107k | €27k | €39k | €92k | €116k | ▲ 27.2% |
| Investment in fixed assets (approximation) | - | €0 | €-89k | €0 | €-3k | - |
| Change in cash | - | €-153k | €12k | €169k | €-260k | ▼ 254% |
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
Next filing, fiscal year 2026, expected by
2026
09-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 221 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 210 days late
30-06
Financial
Highest result since 2019net €116k ▲63.2%
Operating result €116k, net result €116k, both a record.
2024
30-06
Financial
Liquidity times 11current ratio 20.32
Current ratio from 1.83 to 20.32; short-term debt falls from €274k to €17k.
20-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 110 days late
2023
27-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 27 days late
2022
05-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 94 days late
2021
30-06
Financial
Equity above €200kEq €257k ▲60.5%
3 profitable years in a row build equity to €257k.
22-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 81 days late
2020
30-06
Financial
Weakest financial yearnet €11k ▼84.5%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity triplescurrent ratio 4.44
Current ratio from 1.46 to 4.44; short-term debt falls from €309k to €55k.
30-06
Financial
Equity above €150kEq €160k ▲7.5%
2 profitable years in a row build equity to €160k.
27-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
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, Sint-Joost-ten-Node · 1 establishment unit since 2017
Ground area
87 m²
Building footprint
56 m²
Volume, LiDAR
874 m³
Parcel 21572C0016/00C012, Brussels · tallest building 18.0 m, ±5 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
GM GENERAL CONSTRUCT
since 20172.276.256.141
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21572C0016/00C012 | Brussels | 87 m² | 1 · 56 m² | 18.0 m · 5 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 3,984 companies in sector 25110 we hold annual accounts for 2,145. 1,560 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
Founded25-01-2017
Fiscal year end30-06
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
43990Other specialised construction activities
41001General construction of residential buildings
68121Development of residential building projects
43211General electrical installation work
43221Plumbing work
43320Joinery installation
43331Floor and wall tiling
81210General cleaning of buildings
Scores and ratios are computed by Checked and are not a credit decision.