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GM GENERAL CONSTRUCT

Active Private limited companyfounded 2017active for 9 yearsTweetorenstraat 38, 1210 Saint-Josse-ten-NoodeKBO/BCE: BE 0669.978.901 #7 company by equity in Saint-Josse-ten-Noode, Manufacturing sector

Overview

Lifetime

8 annual accounts with figures on one time axis
peak €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 accounts

Equity

€487,997 ▲ 31.3%

GM GENERAL CONSTRUCT has made a profit in every financial year since 2018.

Liquidity

1.90 was 20.32 in 2024

Short-term debts rose from €16,586 to €480,938.

Filings

8 annual accounts 221 days
deadline20202025

Latest accounts filed late: after the legal deadline.

Checked 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 strength
Average

75-25equity 50.4% of total assets
28-72short-term debt 49.6% · cash 2.3%
68-24return on assets 12.0%

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
  • Small
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

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.

The companies in ten equal groups, from the lowest to the highest expected share
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.

Credit check for an amount and term of your choice

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.

Signals

Five signals.
lowers riskraises risk
raises risk · Last filed accounts filed 222 days late; 3 of the last 3 accounts late
NBB · filings
raises risk · Liquidity: current ratio 1.90, cash €22,111, halved
NBB · annual accounts
raises risk · Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
KBO
lowers risk · Equity €487,997 (50.4% of total assets)
NBB · annual accounts
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 filings
Deviation 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 months
Where today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

MM
Director
Board & ownership

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
All 19 events

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
Company details

Annual accounts to 30-06-2025

€124,834▼ 11.9%
≈ €310,000estimated
€116,466▲ 63.2%
€487,997▲ 31.3%
€968,934▲ 150%
≈ 0.2 FTEestimated
Filing
Filed on 09-09-2026
Financials

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.

Financials

Annual accounts 2025

micro format, filed on 09-09-2026, 221 days late
€124,834
▼ 11.9%
€116,385
▲ 14.5%
-
-
50.4%
▼ 45.4 percentage points
1.90
▼ 18.42

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €310,000. Estimated: probably between €210,000 and €480,000.

Money flows

no detail for 2025

Balance sheet

balance sheet total €968,934 on 30-06-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

50.4%

Higher than 55% of 2,343 companies in 2025.

1.90

Higher than 56% of 2,309 companies in 2025.

12.0%

Higher than 67% of 2,323 companies in 2025.

GM GENERAL CONSTRUCT Middle half of the sector 80% of the sector Micro accounts in fabricated metal products (NACE 25)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter

Staff

Staff costs divided by the average number of full-time equivalents.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018
Balance sheet: assets
20/58 968,934388,116574,258357,439340,356257,776470,058320,235
21/28 53,61451,10371,2932,9605,44515,38619,58827,070
22/27 53,61451,10371,2932,9605,44515,38619,58827,070
23 2,1692,1692,1692,1692,1692,1692,534750
24 51,44548,93469,1247913,27613,21717,05426,320
29/58 915,320337,013502,965354,480334,911242,390450,471293,165
3 -----8,146--
30/36 -----8,146--
40/41 893,05255,114390,108253,77880,886140,649313,884267,201
40 720,34955,114305,056225,05639,664102,627268,26654,739
41 172,703-85,05228,72241,22238,02245,619212,462
54/58 22,111281,742112,857100,702254,02592,326136,58625,964
490/1 157157---1,269--
Balance sheet: equity and liabilities
10/49 968,934388,116574,258357,439340,356257,776470,058320,235
10/15 487,997371,531300,154281,774257,312160,363149,24377,353
10/11 12,40012,40012,40012,40012,40012,40012,40012,400
10 ----12,400---
100 ----18,60018,60018,60018,600
101 ----6,2006,2006,2006,200
11 --12,40012,400----
1109/19 --12,40012,400----
13 1,8601,8601,8601,8601,8601,8601,8601,860
130/1 1,8601,8601,8601,8601,8601,860--
130 -----1,8601,8601,860
1311 1,8601,8601,8601,8601,860---
14 473,737357,271285,894267,514243,052146,103134,98363,093
17/49 480,93816,586274,10375,66583,04497,413320,815242,882
17 ---2,0572,05742,79011,52416,258
170/4 ---2,0572,05742,79011,52416,258
42/48 480,93816,586274,10373,60980,98754,622309,291226,624
42 ---4,7344,7344,73419,4314,462
43 -------1,388
430/8 -------1,388
44 478,938-259,34941,31352,65449,889252,360187,209
440/4 478,938-259,34941,31352,65449,889252,36015,979
441 -------171,230
45 2,000-13,22426,46222,500-37,50033,566
450/3 --13,2243,962--15,00033,566
454/9 2,000--22,50022,500-22,500-
47/48 -16,5861,5311,1001,100---
Income statement
70 -------1.5m
9900 124,834141,752198,358123,700177,57533,959100,760120,265
60/61 -------1.4m
62 5,68816,910113,54296,75367,008---
630 -20,19020,1902,4859,9419,9419,63120,761
640/8 2,7622,97928,705-3,6774,507544847
9901 116,385101,67335,92024,46296,94919,51190,58598,657
65/66B -8188040--2,19429138
65 -8188040--2,19429138
9903 116,466100,79335,88024,46296,94917,31790,55698,519
67/77 -29,41617,500--6,19718,66633,566
9904 116,46671,37618,38024,46296,94911,12071,89064,953
9905 116,46671,37618,38024,46296,94911,12071,89064,953
Appropriation of the result
9906 473,737357,271285,894267,514243,052146,103134,98364,953
14P 357,271285,894267,514243,052146,103---
691/2 -------1,860
6920 -------1,860
Social balance sheet
9087 ----1---
Document PDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 09-09-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 221 days after the deadline. Filed on 9 September 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00509279.

Financial year Type Filed Reference Document
30-06-2025 micro format 09-09-2026 2026-00509279 PDF
30-06-2024 micro format 29-08-2025 2025-00431911 PDF
30-06-2023 micro format 20-05-2024 2024-00090555 PDF
30-06-2022 micro format 27-02-2023 2023-00033079 PDF
30-06-2021 micro format 05-05-2022 2022-20020393 PDF
30-06-2020 micro format 22-04-2021 2021-10800423 PDF
30-06-2019 micro format 27-02-2020 2020-05900089 PDF
30-06-2018 full format 31-01-2019 2019-03800584 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018
-121,86356,11026,947106,89029,452100,216119,418
-91,56638,57026,947106,89021,06181,52285,714
-083,5532,48501,5502,14947,831
-259,631168,88512,155-153,323161,699-44,261110,622-
434,382320,427228,861280,871253,923187,767141,18066,541
-------6.4%
50.4%95.7%52.3%78.8%75.6%62.2%31.7%24.2%
1.9020.321.834.824.144.441.461.29
1.9020.321.834.824.144.291.461.29
0.990.040.910.270.320.612.153.14
23.9%19.2%6.1%8.7%37.7%6.9%48.2%84.0%
12.0%18.4%3.2%6.8%28.5%4.3%15.3%20.3%
-over 100over 100-----
-------13 days
-------48 days

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.

Investments

fixed assets acquired
Item30-06-202530-06-202430-06-202330-06-202230-06-2021
Tangible fixed assets--€83,553€2,485-
-€20,190€20,190€2,485€9,941

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on GM GENERAL CONSTRUCT

The operating result for 2025 is 14% higher than in 2024 and the highest since 2018. It is the third rise in a row, after the fall in 2022.

Debt's share of the balance-sheet total rises from 4.3% to 49.6%. Equity and debt are higher.

Board & ownership

Board

1 director, last change in 2021
Director (not named in the articles)
in office according to the deed of 16-09-2021 term without a fixed end
earlier manager, until 16-09-2021
listed in the 2025 annual accounts, filed on 09-09-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
MITRACHE Marian
Director (not named in the articles)
BoardEarliermandate already running before its first mention
Mandates as a list
  • MITRACHE Marian
    • Director (not named in the articles), since before 30-06-2021
    • Manager, until 16-09-2021

See the board, name and registered office on a given date →

Control

Capital

Contribution
€12,400
Source
2025 annual accounts

Articles of association

deed of 16-09-2021 (in French)
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Administrateurs en fonction désignés si aucun autre désigné, peut désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments”

Network & group

No group

GM GENERAL CONSTRUCT has no parent and no holdings in its annual accounts. MITRACHE Marian is the only director. GM GENERAL CONSTRUCT shares no director with another company.

At the same address

Tweetorenstraat 38, 1210 Saint-Josse-ten-Noode · 3 other companies
GM GENERAL INTERNATIONAL
registered office since 06-05-2021 · founded in 2021 · accounts filed late
total assets €749,237 (2025)
0767.931.281
MM GROUPE DECO
registered office since 03-01-2019 · founded in 2019 · accounts filed late
total assets €323,258 (2025)
0717.596.201
L'association des copropriétaires "LES DEUX TOURS 38" à 1210 Saint-Josse-ten-Noode, rue des Deux Tours 38
registered office since 19-10-2021
founded in 2021
0775.887.756

Timeline

Timeline

19 events since 2017

Deadline for the 2026 accounts: 31-01-2027

2026
Annual accounts 2025 filed NBBmicro format · 221 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0669978901
Annual accounts 2024 filed PDFmicro format · 210 days late
Highest result from 2018 to 2025 net €116,466 ▲63.2% The operating result of €116,385 and the net result of €116,466 are both a record.
2024
Liquidity more than 11 times current ratio 20.32 The current ratio rises from 1.83 to 20.32. Short-term debt falls from €274,103 to €16,586.
Annual accounts 2023 filed PDFmicro format · 110 days late
2023
Annual accounts 2022 filed PDFmicro format · 27 days late
2022
Annual accounts 2021 filed PDFmicro format · 94 days late
2021
Registered office moved within Saint-Josse-ten-NoodeNew 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 23-07-20217 points ▸
  • General meeting, 23-07-2021
  • Registered-office move, rue des Deux Tours 38, 1210 Saint-Josse-ten-Noode
  • Purpose change, “L’entreprise générale du bâtiment,menuiserie,peinture,maçonnerie,électricité,travaux de toiture,pose de chapes de tout type,travaux de carrelage et placement de…” (deed in French)
  • Director reappointment, MITRACHE Marian (director (not named in the articles))
  • Director resignation, MITRACHE Marian (manager)
  • Director discharge, MITRACHE Marian
  • Registered office clause, rue des Deux Tours 38, 1210 Saint-Josse-ten-Noode
  • The deed holds 5 more points.

Open the deed in the Belgian Official Gazette

Equity above €200,000 equity €257,312 ▲60.5% With a profit in every financial year since 2018, equity grows to €257,312.
Annual accounts 2020 filed PDFmicro format · 81 days late
2020
Weakest financial year net €11,120 ▼84.5% The net result drops to €11,120, the lowest from 2018 to 2025. It recovers the following year.
Liquidity triples current ratio 4.44 The current ratio rises from 1.46 to 4.44. Short-term debt falls from €309,291 to €54,622.
Equity above €150,000 equity €160,363 ▲7.5% With a profit in every financial year since 2018, equity grows to €160,363.
Annual accounts 2019 filed PDFmicro format · 27 days late
2019
Equity above €100,000 equity €149,243 ▲92.9% With a profit in every financial year since 2018, equity grows to €149,243.
Annual accounts 2018 filed PDFfull format · on the deadline day
2017
Incorporation PDFpublished on 27-01-2017
First establishment Tweetorenstraat 38, Saint-Josse-ten-Noode

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

GM GENERAL CONSTRUCT was incorporated on 25 January 2017.1 The registered office was moved to Saint-Josse-ten-Noode in 2021.2 Total assets rose from €470,058 in 2019 to €968,934 in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 16-09-2021
  3. 3National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0669.978.901
VAT number
BE 0669.978.901
Peppol ID
0208:0669978901
Other Peppol ID
9925:BE0669978901
Legal form
Private limited company
Status
Active, normal situation
Founded
25-01-2017
Financial year
ends on 30 June
Peppol
Reachable since 02-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
GM GENERAL CONSTRUCT in French
Entity type
Legal entity

Activities

NACEBEL 2025
VAT activities
Social security (RSZ) activities
Codes under NACEBEL 2008
VAT activities
25110 Manufacture of metal structures and parts of structures main activity
41101 Real estate development
41201 General construction of buildings
43211 Specialised construction activities
43221 Plumbing
43320 Joinery installation
43331 Floor and wall tiling
81210 General cleaning of buildings
Social security (RSZ) activities
43999 Specialised construction activities main activity

Registered office and establishments

1 establishment
Establishment Since Unit number
Tweetorenstraat 38 registered office 1210 Saint-Josse-ten-Noode 41001 General construction of residential buildings 25-01-2017 2.276.256.141

Buildings and parcels at the address

Ground area
87 m²
Buildings
56 m²
Volume, LiDAR
874 m³
Tallest building
18.0 m
Buildings to scale, each on its own parcel
56 m², 18.0 m 56 m², 18.0 m

Location

registered office establishment The establishment unit on the map
4 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
21572C0016/00C01287 m² 1 · 56 m² 18.0 m · 5

Invoicing and payment

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 0669.978.901