GMD BUILDING
ActiveSummary
The computed 12-month bankruptcy probability of GMD BUILDING is 2.1% (moderate). The 2025 annual accounts show equity of €34,323 and a net result of €50,425. Equity is growing by about 44% per year across the filed financial years. Its solvency ranks better than 56% of 5,655 sector peers (NACE 81, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €34,323
- Profit
- €50,425
Why 55raises riskLast filed accounts filed 51 days late; 3 of the last 3 lateSize: total assets €74,323Founded in 2022lowers riskLiquidity: current ratio 1.86, cash €11,125Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 81, micro): better than 55% on solvency, 34% on liquidity, 92% on profitability and 79% on growth.
The bankruptcy probability was computed on 31-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 4 accounts on average 47 days after the deadline; the sector median (NACE 81) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2022 to 2025net €50,425 ▲81.4%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (51 days) Filed on 20 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00520056.
2022 to 2025, 4 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 83% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 81, Services to buildings and landscape activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.9% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 2.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,167 | €1,167 | €1,167 | - | - |
| Other operating charges640/8 | - | €620 | - | €350 | - |
| Gross operating margin9900 | €39,742 | €26,513 | €28,732 | €50,781 | ▲ 76.7% |
| Operating profit (loss)9901 | €38,575 | €24,726 | €27,566 | €50,430 | ▲ 82.9% |
| Financial income75/76B | - | - | €244 | - | - |
| Recurring financial income75 | - | - | €244 | - | - |
| Financial charges65/66B | €83 | €113 | €18 | €5 | ▼ 71.5% |
| Recurring financial charges65 | €83 | €113 | €18 | €5 | ▼ 71.5% |
| Profit (loss) for the period before taxes9903 | €38,493 | €24,613 | €27,792 | €50,425 | ▲ 81.4% |
| Profit (loss) for the period9904 | €38,493 | €24,613 | €27,792 | €50,425 | ▲ 81.4% |
| Profit (loss) for the period to be appropriated9905 | €38,493 | €24,613 | €27,792 | €50,425 | ▲ 81.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €193,049 | €191,790 | €217,987 | €74,323 | ▼ 65.9% |
| Fixed assets21/28 | €2,333 | €1,167 | - | - | - |
| Tangible fixed assets22/27 | €2,333 | €1,167 | - | - | - |
| Furniture and vehicles24 | €2,333 | €1,167 | - | - | - |
| Current assets29/58 | €190,716 | €190,623 | €217,987 | €74,323 | ▼ 65.9% |
| Amounts receivable within one year40/41 | €187,549 | €185,646 | €207,478 | €63,199 | ▼ 69.5% |
| Trade receivables40 | €187,068 | €184,419 | €206,067 | - | - |
| Other amounts receivable41 | €481 | €1,227 | €1,410 | €63,199 | ▲ 45× |
| Cash at bank and in hand54/58 | €3,166 | €4,978 | €10,509 | €11,125 | ▲ 5.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €193,049 | €191,790 | €217,987 | €74,323 | ▼ 65.9% |
| Equity10/15 | €11,493 | €16,106 | €23,898 | €34,323 | ▲ 43.6% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €300 | €300 | €300 | €300 | = |
| Non-distributable reserves130/1 | €300 | €300 | €300 | €300 | = |
| Reserves not available under the articles1311 | €300 | €300 | €300 | €300 | = |
| Profit (loss) carried forward14 | €8,193 | €12,806 | €20,598 | €31,023 | ▲ 50.6% |
| Amounts payable17/49 | €181,556 | €175,684 | €194,089 | €40,000 | ▼ 79.4% |
| Amounts payable within one year42/48 | €170,606 | €175,684 | €194,089 | €40,000 | ▼ 79.4% |
| Other amounts payable47/48 | €170,606 | €175,684 | €194,089 | €40,000 | ▼ 79.4% |
| Accrued charges and deferred income492/3 | €10,950 | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,493 | €24,613 | €27,792 | €50,425 | ▲ 81.4% |
| + Depreciation and write-downs630 | €1,167 | €1,167 | €1,167 | - | - |
| Operating cash flow (approximation) | €39,659 | €25,780 | €28,959 | €50,425 | ▲ 74.1% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - |
| Change in cash | - | €1,811 | €5,532 | €615 | ▼ 88.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (4)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 20-09-2026 | 2026-00520056 |
| 31-12-2024 | micro format | 07-09-2025 | 2025-00485619 |
| 31-12-2023 | micro format | 09-11-2024 | 2024-00532079 |
| 31-12-2022 | micro format | 30-07-2023 | 2023-00299085 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Usurelu lonela-Elena |
|
| Vardianu Catalin-lonut |
|
Owners and capital
Capital and shareholders
- Vardianu Catalin-lonut to Usurelu lonela-Elena 100 shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
20-09
Gazette deed
Registered officeRegistered-office move4 facts ▸
- General meeting, 01-07-2024
- Registered-office move, leuvensesteenweg 246 bus 1,1932 sint-stevens-woluwe
- Other provision, “meeting validity” (deed in Dutch)
- Other provision, “meeting attendance”, 01-07-2024 (deed in Dutch)
13-12
Gazette deed
Appointment: Usurelu lonela-Elena (director)Resignation: Vardianu Catalin-lonut (director)4 facts ▸
- General meeting, 01-04-2022
- Other provision, “oproeping en informatie, voorwaarden voorzien in het reglement en de statuten” (deed in Dutch)
- Director appointment, Usurelu lonela-Elena (director)
- Director resignation, Vardianu Catalin-lonut (director)
27-06
Gazette deed
Appointment: Vardianu Catalin-lonut (director)Resignation: Vardianu Catalin-lonut (director) · Registered-office move · Share transfer5 facts ▸
- General meeting, 01-04-2022
- Registered-office move, Imperiastraat 8, 1930 Zaventem
- Director appointment, Vardianu Catalin-lonut (director)
- Share transfer, Vardianu Catalin-lonut → Usurelu lonela-Elena
- Director resignation, Vardianu Catalin-lonut (director)
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 3 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
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, with enterprise number 0781.554.635
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 22003A0047/00X008 | Flanders | 1,134 m² | 1 · 561 m² | 11.6 m · 3 |
| 23078A0472/00L000 | Flanders | 461 m² | 1 · 192 m² | 10.8 m · 3 |
How the parcels are linked
Articles of association
- Other provisionsOther rules from the articles that fall under none of the themes above.
- 1 more provision in the deed, see the deed of 13-12-2022
Read from the deeds: 1 provision, deed of 13-12-2022