GMH Build
ActiveThe computed 12-month bankruptcy probability of GMH Build is 2.4% (moderate). The 2025 annual accounts show equity of €12k and a net result of €22k. Equity is growing by ~22.9% per year across the filed fiscal years. Its solvency ranks better than 11% of 27676 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
46
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+73
Solvency30▲+11
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.73 against 0.81 in 2024; short-term debt: 95.5% and cash: 16.4% of total assets), and 95.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
4.5%
Return on assets
8.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 27676 sector peers (2025).
NBB · sector comparisonPosition among 27676 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-09-2026, 49 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 · 3 filingsDeviation from the deadline
2025
49 d late
2024
43 d late
2023
27 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€12k
2024 · €-10k
2023: €7k
2024: €-10k
2023 → 2025
Total assets
€257k▲ 47.7%
2024 · €174k
2023: €36k
2024: €174k
2023 → 2025
Net result
€22k
2024 · €-17k
2023: €7k
2024: €-17k
2023 → 2025
Working capital
€-67k▼ 90.8%
2024 · €-35k
2023: €-2k
2024: €-35k
2023 → 2025
Multi-year overview
Available amounts per fiscal year
Line202320242025Trend
Equity€7k-€-10k€12k
Operating result€9k-€-17k€26k
Net result€7k-€-17k€22k
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 2025: €26k after a loss of €17k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €257k
Fixed assets
€79k▲ 215%
Current assets
€178k▲ 19.5%
Equity and liabilities €257k
Equity
€12k
Debt
€245k
Debt finances 95.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€43k▲
2024 · €-13k
Cash flow
€40k▲
2024 · €-13k
Solvency
4.5%▲
2024 · -5.9%
Current ratio
0.73▼
2024 · 0.81
Quick ratio
0.73▼
2024 · 0.81
Debt / equity
21.07▲
2024 · -17.95
ROE
188.2%
ROA
8.5%▲
2024 · -9.9%
Interest coverage
32.13▲
2024 · -39.82
Debt
€245k▲
2024 · €184k
Debt ≤ 1 year
€245k▲
2024 · €184k
Income taxes
€3k
Staff costs
€95k▲
2024 · €40k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€174k€257k▲
Fixed assets21/28€25k€79k▲
Tangible fixed assets22/27€24k€69k▲
Plant, machinery and equipment23€3k€12k▲
Furniture and vehicles24€22k€57k▲
Financial fixed assets28€908€10k▲
Current assets29/58€149k€178k▲
Amounts receivable within one year40/41€142k€135k▼
Trade receivables40€112k€91k▼
Other amounts receivable41€30k€44k▲
Cash at bank and in hand54/58€6k€42k▲
Deferred charges and accrued income490/1€759€26▼
Equity and liabilities
Total equity and liabilities10/49€174k€257k▲
Equity10/15€-10k€12k▲
Contributions10/11€100€100=
Profit (loss) carried forward14€-10k€12k▲
Amounts payable17/49€184k€245k▲
Amounts payable within one year42/48€184k€245k▲
Trade debts44€165k€223k▲
Suppliers440/4€165k€223k▲
Taxes, remuneration and social security45€19k€22k▲
Taxes450/3€3k€4k▲
Remuneration and social security454/9€16k€18k▲
Income statement
Code20242025
Remuneration, social security and pensions62€40k€95k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€18k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€28k€139k▲
Operating profit (loss)9901€-17k€26k▲
Financial income75/76B€23€274▲
Recurring financial income75€23€274▲
Financial charges65/66B€323€1k▲
Recurring financial charges65€323€1k▲
Profit (loss) for the period before taxes9903€-17k€25k▲
Income taxes67/77-€3k
Profit (loss) for the period9904€-17k€22k▲
Profit (loss) for the period to be appropriated9905€-17k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-10k€12k▲
Profit (loss) brought forward from the previous period14P€7k€-10k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 49 days late
2025
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
12-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 43 days late
2024
31-12
Financial
Weakest financial yearnet €-17k ▼351%
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
31-05-2024
Heitor Da Silva Vieira: Resigned as Director
31-05-2024
Mariana Moraes Blanco Vieira: Resigned as Director
01-10-2023
Melissa Maiquez Barros: Resigned as Director
Location & real-estate footprint
Registered office, Rumst · 1 establishment unit since 2023
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Pierstraat 172840 RumstGround area
515 m²
Building footprint
173 m²
Volume, LiDAR
751 m³
2 parcels, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GMH BUILD
since 20232.343.493.274
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11036A0397/00D004 | Flanders | 428 m² | 1 · 111 m² | 6.6 m · 2 fl. |
| 12402B0379/00D002 | Flanders | 87 m² | 1 · 61 m² | 5.9 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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RAFIJOHN
BE 0668.998.013
Brussel · Eq €12k
R & B RENOVATIEWERKEN
BE 0837.665.472
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GESTIER CONSTRUCT
BE 0551.976.322
Seneffe · Eq €12k
Of 7,294 companies in sector 43350 we hold annual accounts for 2,361. 1,490 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-03-2023
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43350Other building finishing work
43240Other construction installation
43299Specialised construction activities
43310Plastering work
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.