GMD CONSTRUCTION
ActiveSummary
The computed 12-month bankruptcy probability of GMD CONSTRUCTION is 3.0% (moderate). For GMD CONSTRUCTION, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €1,384 and a net result of €4,860. Equity is shrinking by ~24.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2023. The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability80▲+80
Solvency35▲+30
Growth38▲+16
Track record100
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2022Solvency, return and age of the figures
Solvency
9.6%
Return on assets
33.8%
Age of the figures
45 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 6 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline30-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 10-07-2023, 21 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
21 d early
2021
33 d early
2020
90 d late
2019
32 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 17 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2022, micro schema
Turnover
€52,284▼ 2.5%
2021 · €53,637
EBIT margin
15.5%▲ 37.8pp
2021 · -22.2%
Net result
€4,860
2021 · -€13,082
Working capital
-€1,295▲ 82.4%
2021 · -€7,338
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Turnover€97,459-€143,673▲ 47.4%€57,892▼ 59.7%€53,637▼ 7.3%€52,284▼ 2.5%
Operating result€4,389-€1,076▼ 75.5%€3,745▲ 248%-€11,928€8,122
Net result€3,120-€245▼ 92.1%€1,490▲ 508%-€13,082€4,860
EBIT margin4.5%-0.7%▼ 3.8pp6.5%▲ 5.7pp-22.2%▼ 28.7pp15.5%▲ 37.8pp
Equity€7,871-€8,116▲ 3.1%€9,606▲ 18.4%-€3,476€1,384
Total assets€25,229-€19,918▼ 21.1%€25,307▲ 27.1%€17,112▼ 32.4%€14,364▼ 16.1%
Debt€17,358-€11,802▼ 32.0%€15,701▲ 33.0%€20,588▲ 31.1%€12,980▼ 37.0%
Working capital€3,425--€663€5,744-€7,338-€1,295▲ 82.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €8,122 after a loss of €11,928 in 2021, the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €14,364
Fixed assets
€2,679 ▼ 30.6%
Current assets
€11,685 ▼ 11.8%
Equity and liabilities €14,364
Equity
€1,384
Debt
€12,980
Debt finances 90.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€9,305
Cash flow
€6,043
Current ratio
0.90▲
2021 · 0.64
Quick ratio
0.88▲
2021 · 0.63
Debt to equity
9.38▲
2021 · -5.92
ROE
351.2%
ROA
33.8%▲
2021 · -76.4%
Interest coverage
2.85
Debt ≤ 1 year
€12,980▼
2021 · €20,588
Income taxes
€1
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €97,459 | €143,673 | €57,892 | €53,637 | €52,284 | ▼ 2.5% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €65,346 | €12,857 | ▼ 80.3% |
| Remuneration, social security and pensions62 | - | - | - | €20 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,600 | €2,241 | €835 | - | €1,183 | - |
| Other operating charges640/8 | - | - | - | €659 | €122 | ▼ 81.5% |
| Gross operating margin9900 | €8,145 | €3,668 | €14,026 | -€11,249 | €9,427 | ▲ 184% |
| Operating profit (loss)9901 | €4,389 | €1,076 | €3,745 | -€11,928 | €8,122 | ▲ 168% |
| Financial income75/76B | - | - | - | €1 | - | - |
| Recurring financial income75 | - | - | - | €1 | - | - |
| Financial charges65/66B | - | - | - | €1,155 | €3,261 | ▲ 182% |
| Recurring financial charges65 | €209 | €768 | €1,974 | €1,155 | €3,261 | ▲ 182% |
| Profit (loss) for the period before taxes9903 | €4,180 | €308 | €1,771 | -€13,082 | €4,861 | ▲ 137% |
| Income taxes67/77 | €1,060 | €63 | €281 | - | €1 | - |
| Profit (loss) for the period9904 | €3,120 | €245 | €1,490 | -€13,082 | €4,860 | ▲ 137% |
| Profit (loss) for the period to be appropriated9905 | €3,120 | €245 | €1,490 | -€13,082 | €4,860 | ▲ 137% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €25,229 | €19,918 | €25,307 | €17,112 | €14,364 | ▼ 16.1% |
| Fixed assets21/28 | €4,446 | €8,779 | €3,862 | €3,862 | €2,679 | ▼ 30.6% |
| Tangible fixed assets22/27 | €4,446 | €8,779 | €3,862 | €3,862 | €2,679 | ▼ 30.6% |
| Plant, machinery and equipment23 | - | - | - | €3,003 | €2,035 | ▼ 32.2% |
| Furniture and vehicles24 | - | - | - | €859 | €644 | ▼ 25.0% |
| Current assets29/58 | €20,783 | €11,139 | €21,445 | €13,250 | €11,685 | ▼ 11.8% |
| Stocks and contracts in progress3 | - | - | - | €235 | €235 | = |
| Stocks30/36 | - | - | - | €235 | €235 | = |
| Amounts receivable within one year40/41 | €10,637 | €10,907 | €20,830 | €12,379 | €9,866 | ▼ 20.3% |
| Trade receivables40 | - | - | - | €12,379 | €9,419 | ▼ 23.9% |
| Other amounts receivable41 | - | - | - | - | €447 | - |
| Current investments50/53 | - | - | - | - | €1,584 | - |
| Cash at bank and in hand54/58 | €10,146 | €232 | €615 | €636 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €25,229 | €19,918 | €25,307 | €17,112 | €14,364 | ▼ 16.1% |
| Equity10/15 | €7,871 | €8,116 | €9,606 | -€3,476 | €1,384 | ▲ 140% |
| Contributions10/11 | €4,500 | €4,500 | €4,500 | €4,500 | €4,500 | = |
| Reserves13 | €2,805 | €2,970 | €2,970 | €2,970 | €2,970 | = |
| Non-distributable reserves130/1 | - | - | - | €270 | €270 | = |
| Reserves not available under the articles1311 | - | - | - | €270 | €270 | = |
| Distributable reserves133 | - | - | - | €2,700 | €2,700 | = |
| Profit (loss) carried forward14 | €566 | €646 | €2,136 | -€10,946 | -€6,086 | ▲ 44.4% |
| Amounts payable17/49 | €17,358 | €11,802 | €15,701 | €20,588 | €12,980 | ▼ 37.0% |
| Amounts payable within one year42/48 | €17,358 | €11,802 | €15,701 | €20,588 | €12,980 | ▼ 37.0% |
| Trade debts44 | €12,414 | €8,326 | €12,386 | €16,935 | €11,693 | ▼ 31.0% |
| Suppliers440/4 | - | - | - | €16,935 | €11,693 | ▼ 31.0% |
| Taxes, remuneration and social security45 | - | - | - | €978 | - | - |
| Taxes450/3 | - | - | - | €978 | - | - |
| Other amounts payable47/48 | - | - | - | €2,675 | €1,287 | ▼ 51.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,120 | €245 | €1,490 | -€13,082 | €4,860 | ▲ 137% |
| + Depreciation and write-downs630 | €1,600 | €2,241 | €835 | - | €1,183 | - |
| Operating cash flow (approximation) | €4,720 | €2,486 | €2,325 | -€13,082 | €6,043 | ▲ 146% |
| Investment in fixed assets (approximation) | - | -€6,574 | €4,082 | €0 | €0 | - |
| Change in cash | - | -€9,914 | €383 | €21 | - | - |
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
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €4,860
Net result €4,860 after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€13,082
Net result drops to -€13,082, the lowest in the series; recovery starts the following year.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
2019
07-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 99 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Liège · 1 establishment unit since 2016
Ground area
303 m²
Building footprint
96 m²
Volume, LiDAR
808 m³
2 parcels, Wallonia · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GMD CONSTRUCTION
since 20162.269.797.822
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62352E0887/00H002 | Wallonia | 222 m² | 1 · 70 m² | 9.6 m · 3 fl. |
| 62814C0319/00N002 | Wallonia | 82 m² | 1 · 26 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded07-09-2016
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.