GMG CONSTRUCT
Dissolution or liquidationSummary
The KBO register records for GMG CONSTRUCT the legal situation: dissolution or liquidation; this is today's state according to the register itself, which carries no start date. The 2023 annual accounts show negative equity (-€288,318) and a net result of -€51,360.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 17-09-2024, 48 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
48 d late
2022
17 d late
2021
17 d early
2020
9 d early
2019
35 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 15 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date How is the Bricklaying and masonry work sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€51,360▲ 78.4%
2022 · -€237,639
Working capital
-€292,537▼ 17.6%
2022 · -€248,671
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€52,743€11,123▼ 78.9%€20,497▲ 84.3%-€229,261-€33,177▲ 85.5%
Net result€51,123€3,214within the sector's middle half▼ 93.7%€15,720within the sector's middle half▲ 389%-€237,639below the sector's middle half-€51,360below the sector's middle half▲ 78.4%
Equity-€18,077▲ 73.9%-€15,039below the sector's middle half▲ 16.8%€681below the sector's middle half-€236,958below the sector's middle half-€288,318below the sector's middle half▼ 21.7%
Total assets€49,829▼ 3.1%€84,331within the sector's middle half▲ 69.2%€298,817above the sector's middle half▲ 254%€91,034within the sector's middle half▼ 69.5%€128,487within the sector's middle half▲ 41.1%
Debt€67,906▼ 43.7%€99,370▲ 46.3%€298,136▲ 200%€327,992▲ 10.0%€416,805▲ 27.1%
Working capital-€18,306▲ 74.7%-€19,992▼ 9.2%-€5,435▲ 72.8%-€248,671▼ 4,475%-€292,537▼ 17.6%
Solvency-36.3%▲ 98.3pp-17.8%below the sector's middle half▲ 18.4pp0.2%below the sector's middle half▲ 18.1pp-260.3%below the sector's middle half▼ 260.5pp-224.4%below the sector's middle half▲ 35.9pp
Staff (FTE)2▲ 42.9%2.9within the sector's middle half▲ 45.0%7.2▲ 148%9.9▲ 37.5%8.8▼ 11.1%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €33,177 in 2023 against €229,261 in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €128,487
Fixed assets
€7,219 ▼ 38.4%
Current assets
€121,267 ▲ 52.9%
Key figures and ratios
EBITDA
-€27,755▲
2022 · -€224,462
Cash flow
-€45,938▲
2022 · -€232,840
Current ratio
0.29▲
2022 · 0.24
Quick ratio
0.28▲
2022 · 0.16
Debt to equity
-1.45▼
2022 · -1.38
ROA
-40.0%▲
2022 · -261.0%
Interest coverage
-1.52▲
2022 · -20.64
Debt ≤ 1 year
€413,805▲
2022 · €327,979
Staff costs
€241,736▼
2022 · €263,760
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €206,371 | €263,760 | €241,736 | ▼ 8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,177 | €1,338 | €2,224 | €4,799 | €5,422 | ▲ 13.0% |
| Other operating charges640/8 | - | - | €8,197 | €3,755 | €1,438 | ▼ 61.7% |
| Non-recurring operating charges66A | - | - | €1,529 | - | €4,903 | - |
| Gross operating margin9900 | €128,804 | €109,014 | €238,818 | €43,053 | €220,322 | ▲ 412% |
| Operating profit (loss)9901 | €52,743 | €11,123 | €20,497 | -€229,261 | -€33,177 | ▲ 85.5% |
| Financial income75/76B | - | - | €1,938 | €2,495 | €40 | ▼ 98.4% |
| Recurring financial income75 | €756 | €1,042 | €1,938 | €2,495 | €40 | ▼ 98.4% |
| Financial charges65/66B | - | - | €5,483 | €10,873 | €18,224 | ▲ 67.6% |
| Recurring financial charges65 | €2,376 | €8,951 | €5,483 | €10,873 | €18,224 | ▲ 67.6% |
| Profit (loss) for the period before taxes9903 | €51,123 | €3,214 | €16,952 | -€237,639 | -€51,360 | ▲ 78.4% |
| Income taxes67/77 | - | - | €1,232 | - | - | - |
| Profit (loss) for the period9904 | €51,123 | €3,214 | €15,720 | -€237,639 | -€51,360 | ▲ 78.4% |
| Profit (loss) for the period to be appropriated9905 | €51,123 | €3,214 | €15,720 | -€237,639 | -€51,360 | ▲ 78.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €49,829 | €84,331 | €298,817 | €91,034 | €128,487 | ▲ 41.1% |
| Fixed assets21/28 | €1,444 | €4,953 | €6,116 | €11,726 | €7,219 | ▼ 38.4% |
| Tangible fixed assets22/27 | €869 | €4,378 | €5,541 | €10,845 | €6,338 | ▼ 41.6% |
| Plant, machinery and equipment23 | - | - | €3,386 | €7,461 | €4,815 | ▼ 35.5% |
| Furniture and vehicles24 | - | - | €2,155 | €3,384 | €1,523 | ▼ 55.0% |
| Financial fixed assets28 | €575 | €575 | €575 | €881 | €881 | = |
| Current assets29/58 | €48,385 | €79,378 | €292,701 | €79,308 | €121,267 | ▲ 52.9% |
| Stocks and contracts in progress3 | - | €4,103 | €19,103 | €26,102 | €6,102 | ▼ 76.6% |
| Stocks30/36 | - | - | €19,103 | €26,102 | €6,102 | ▼ 76.6% |
| Amounts receivable within one year40/41 | €48,192 | €72,823 | €271,604 | €52,339 | €114,402 | ▲ 119% |
| Trade receivables40 | - | - | €270,023 | €49,117 | €109,421 | ▲ 123% |
| Other amounts receivable41 | - | - | €1,581 | €3,222 | €4,981 | ▲ 54.6% |
| Cash at bank and in hand54/58 | - | €273 | - | - | - | - |
| Deferred charges and accrued income490/1 | - | - | €1,994 | €867 | €763 | ▼ 12.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €49,829 | €84,331 | €298,817 | €91,034 | €128,487 | ▲ 41.1% |
| Equity10/15 | -€18,077 | -€15,039 | €681 | -€236,958 | -€288,318 | ▼ 21.7% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€24,277 | -€21,239 | -€5,519 | -€243,158 | -€294,518 | ▼ 21.1% |
| Amounts payable17/49 | €67,906 | €99,370 | €298,136 | €327,992 | €416,805 | ▲ 27.1% |
| Amounts payable within one year42/48 | €66,691 | €99,370 | €298,136 | €327,979 | €413,805 | ▲ 26.2% |
| Financial debts43 | - | - | €1,741 | €5,207 | €6,702 | ▲ 28.7% |
| Credit institutions430/8 | - | - | €1,741 | €5,207 | €6,702 | ▲ 28.7% |
| Trade debts44 | €28,519 | €71,737 | €231,457 | €195,372 | €159,234 | ▼ 18.5% |
| Suppliers440/4 | - | - | €231,457 | €195,372 | €159,234 | ▼ 18.5% |
| Advances received on contracts in progress46 | - | - | €15,933 | €11,006 | €11,383 | ▲ 3.4% |
| Taxes, remuneration and social security45 | - | - | €25,615 | €22,964 | €127,929 | ▲ 457% |
| Taxes450/3 | - | - | €3,952 | €1,321 | €90 | ▼ 93.2% |
| Remuneration and social security454/9 | - | - | €21,663 | €21,643 | €127,840 | ▲ 491% |
| Other amounts payable47/48 | - | - | €23,390 | €93,430 | €108,556 | ▲ 16.2% |
| Accrued charges and deferred income492/3 | - | - | - | €13 | €3,000 | ▲ 22,977% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51,123 | €3,214 | €15,720 | -€237,639 | -€51,360 | ▲ 78.4% |
| + Depreciation and write-downs630 | €2,177 | €1,338 | €2,224 | €4,799 | €5,422 | ▲ 13.0% |
| Operating cash flow (approximation) | €53,300 | €4,552 | €17,944 | -€232,840 | -€45,938 | ▲ 80.3% |
| Investment in fixed assets (approximation) | - | -€4,847 | -€3,387 | -€10,409 | -€915 | ▲ 91.2% |
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
2024
17-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 48 days late
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
31-12
Financial
Weakest financial yearnet -€237,639
Net result drops to -€237,639, the lowest in the series.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 35 days late
2019
31-12
Financial
Back to profitnet €51,123
Net result €51,123 after one loss-making year.
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 14 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 20 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 57 days late
2016
06-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 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, Charleroi · 1 establishment unit since 2014
Ground area
2,129 m²
Building footprint
267 m²
Volume, LiDAR
1,142 m³
2 parcels, Wallonia · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GMG CONSTRUCT
since 20142.231.799.556
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52011B0239/00D162 | Wallonia | 1,129 m² | 1 · 120 m² | - |
| 52056C0127/00K000 | Wallonia | 1,000 m² | 1 · 147 m² | 10.3 m · 3 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.
Similar companies · same sector, comparable size
NILS
BE 0758.909.786
Deinze · Eq €687
Entreprise J.DEBRANDT et Fils
BE 0871.156.208
Frasnes-lez-Anvaing · Eq €688
DAKWERKEN JOOS
BE 0444.881.689
Temse · Eq €661
De Serre
BE 1008.591.845
Leuven · Eq €659
6SENSE
BE 0778.773.903
Brussel · Eq €714
Of 11,141 companies in sector 43910 we hold annual accounts for 5,493. 311 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
Founded28-05-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43910Bricklaying and masonry work
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.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.