Equity
€487,997 ▲ 31.3%
GM GENERAL CONSTRUCT has made a profit in every financial year since 2018.
GM GENERAL CONSTRUCT
Lifetime
8 annual accounts with figures on one time axispeak €198,358 (2023)
€124,834▼ 11.9%
peak €116,466 (2025)
€116,466▲ 63.2%
peak €487,997 (2025)
€487,997▲ 31.3%
€480,938▲ 29×
Board1 name since 2021
1 directorMITRACHE Marian
Documentsfilings and deeds
09-09-2026221 days late
2025micro format
Result from €71,376 to €116,466Equity from €371,531 to €487,997Debts from €16,586 to €480,938Cash from €281,742 to €22,111
Key points
from the 2025 annual accountsChecked score
52
Fair
Financially stronger than 46% of micro companies in fabricated metal products (NACE 25)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 3,710 companies (NACE 25, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 1.3%▲ +0.5 percentage points vs 01-2025
03-2025: 1.4%▲ +0.1 percentage points vs 02-2025
04-2025: 2.5%▲ +1.1 percentage points vs 03-2025
05-2025: 2.7%▲ +0.2 percentage points vs 04-2025
06-2025: 3.4%▲ +0.7 percentage points vs 05-2025
07-2025: 5.1%▲ +1.7 percentage points vs 06-2025highest value
08-2025: 5.1%● unchanged vs 07-2025highest value
09-2025: 0.8%▼ -4.3 percentage points vs 08-2025
10-2025: 0.8%● unchanged vs 09-2025
11-2025: 0.8%● unchanged vs 10-2025
12-2025: 0.7%▼ -0.1 percentage points vs 11-2025lowest value
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 1.1%▲ +0.4 percentage points vs 01-2026
03-2026: 1.3%▲ +0.2 percentage points vs 02-2026
04-2026: 2.4%▲ +1.1 percentage points vs 03-2026
05-2026: 2.2%▼ -0.2 percentage points vs 04-2026
06-2026: 2.6%▲ +0.4 percentage points vs 05-2026
07-2026: 3.9%▲ +1.3 percentage points vs 06-2026
08-2026: 3.9%● unchanged vs 07-2026
09-2026: 4.4%▲ +0.5 percentage points vs 08-2026
10-2026: 2.6%▼ -1.8 percentage points vs 09-2026
11-2026: 2.5%▼ -0.1 percentage points vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 222 days late; 3 of the last 3 accounts late
Liquidity: current ratio 1.90, cash €22,111, halved
Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
lowers risk
Equity €487,997 (50.4% of total assets)
Calculation
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 25, micro). It does better than 54% of them on solvency, 16% on liquidity, 33% on profitability and 79% on growth.
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 30-06-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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).
Comparable companies, two years later
In July 2024, 6,782 companies had the same profile as GM GENERAL CONSTRUCT has now. Each dot stands for 17 companies, two years later.
96.7%
were still trading
2.7%
stopped another way
0.6%
went bankrupt
The bankruptcy probability of GM GENERAL CONSTRUCT itself is higher: 2.5% within 12 months. It rests on far more data about GM GENERAL CONSTRUCT than the profile alone.
Test of the method
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 6,782 companies, not a prediction for GM GENERAL CONSTRUCT. 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.
Credit verdict
Credit of up to €25,000 on 30-day terms, only on tighter conditions: the latest accounts were filed more than 90 days after the deadline
Liquidity is ample, with a current ratio of 1.9 (20.32 in 2024), above the usual 1.5. Short-term debt is 49.6% and cash 2.3% of total assets. 49.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 221 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: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 8 filingsDeviation from the deadline
2025
221 days late
2024
210 days late
2023
110 days late
2022
27 days late
2021
94 days late
2020
81 days late
2019
27 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 110 days after the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 21 May (4 of the last 5 accounts filed within 100 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0669978901
Registered office moved within Saint-Josse-ten-Noode
New registered office: rue des Deux Tours 38, 1210 Saint-Josse-ten-Noode · Previous registered office: rue de Liedekerke 105/ENSO, 1210 Saint-Josse-ten-Noode · Reappointment: MITRACHE Marian (director) · General meeting of 23-07-2021 · Gazette deed
Incorporation
published on 27-01-2017 · Gazette deed
First establishment
Tweetorenstraat 38, Saint-Josse-ten-Noode
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GM GENERAL CONSTRUCT Saint-Josse-ten-Noode | €1.0m | €124,834 | 50.4% | - |
| INNOTRACK Bornem | €1.0m | €118,280 | 11.3% | - |
| CARPENTIER CONSTRUCT Ypres | €1.2m | €124,142 | 43.9% | - |
| IRK CONSTRUCT Ixelles | €0.7m | €137,273 | 19.0% | - |
| Plan Boonen Holsbeek | €0.8m | €97,968 | 10.1% | - |
| ATELIER X Ypres | €0.7m | €102,813 | 45.5% | - |
| VABRO-Home Olen | €0.8m | €111,254 | 27.1% | - |
These companies have the same main activity as GM GENERAL CONSTRUCT: manufacture of metal structures and parts of structures (NACE 25110). They are comparable in size and age: total assets between €650,000 and €1.2m, founded between 2014 and 2018.
Official details
Source: KBO- Status
- Active since 25-01-2017Normal situation
- Activity
- Manufacture of metal structures and parts of structuresNACE 25110and 8 others
- Establishment unit
- 2.276.256.1411210 Saint-Josse-ten-Noode, since 25-01-2017
- Financial year end
- 30 June
- Peppol
- Reachable since 02-12-2025
Annual accounts to 30-06-2025
- ≈ €310,000estimated
- €968,934▲ 150%
- ≈ 0.2 FTEestimated
- Filing
- Filed on 09-09-2026
Insights on GM GENERAL CONSTRUCT
GM GENERAL CONSTRUCT files the micro format. That format states no turnover. The gross margin rose from €120,265 in 2018 to €124,834 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GM GENERAL CONSTRUCT
- What is the company number of GM GENERAL CONSTRUCT?
- The company number of GM GENERAL CONSTRUCT is 0669.978.901. The VAT number is the same number with BE in front: BE 0669.978.901.
- Where is GM GENERAL CONSTRUCT based?
- The registered office is at Tweetorenstraat 38, 1210 Saint-Josse-ten-Noode.Company details
- What does GM GENERAL CONSTRUCT do?
- According to the KBO register, the main activity is manufacture of metal structures and parts of structures (NACE 25110).
- What is the legal form of GM GENERAL CONSTRUCT?
- GM GENERAL CONSTRUCT is a private limited company (BV).
- When was GM GENERAL CONSTRUCT founded?
- GM GENERAL CONSTRUCT was founded on 25-01-2017.
- Is GM GENERAL CONSTRUCT still active?
- Yes, GM GENERAL CONSTRUCT is an active enterprise in the KBO register.
- How many employees does GM GENERAL CONSTRUCT have?
- GM GENERAL CONSTRUCT had an average of 1 full-time equivalents in financial year 2021, according to the filed annual accounts.Financials
- What is the turnover of GM GENERAL CONSTRUCT?
- The turnover in financial year 2025 is ≈ €310,000. This figure is estimated from the gross margin of €124,834 and 2,203 comparable companies of the same size. It probably lies between €210,000 and €480,000. It is a rough estimate.
- Is GM GENERAL CONSTRUCT profitable?
- In financial year 2025, GM GENERAL CONSTRUCT made a profit of €116,466.
- Where can I find the annual accounts of GM GENERAL CONSTRUCT?
- GM GENERAL CONSTRUCT filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GM GENERAL CONSTRUCT due?
- GM GENERAL CONSTRUCT must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
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