GMP-CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of GMP-CONSTRUCT is 3.4% (moderate). The 2025 annual accounts show equity of €36,749 and a net result of €34,405. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 76% of 7524 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability94▲+14
Solvency93▼-7
Growth85▲+36
Track record94
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 3.01; short-term debt: 31.6% and cash: 41.6% of total assets), and 31.6% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Six 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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
68.4%
Return on assets
64.1%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year €36,749
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-07-2026, 5 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
5 d early
2024
1 d late
2023
71 d early
2022
94 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 5 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€329,790▲ 394%
2024 · €66,802
EBIT margin
15.4%▲ 11.3pp
2024 · 4.1%
Net result
€34,405▲ 2,217%
2024 · €1,485
Working capital
€33,998▲ 2,269%
2024 · €1,435
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
Line2022202320242025
Turnover€50,841-€22,035▼ 56.7%€66,802▲ 203%€329,790▲ 394%
Operating result€3,061--€3,357€2,749€50,863▲ 1,750%
Net result€2,229--€3,369€1,485€34,405▲ 2,217%
EBIT margin6.0%--15.2%▼ 21.3pp4.1%▲ 19.3pp15.4%▲ 11.3pp
Equity€4,229-€859▼ 79.7%€2,344▲ 173%€36,749▲ 1,468%
Total assets€5,097-€2,832▼ 44.4%€3,088▲ 9.0%€53,694▲ 1,639%
Debt€868-€1,973▲ 127%€744▼ 62.3%€16,945▲ 2,178%
Working capital€2,502--€459€1,435€33,998▲ 2,269%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2025 Turnover +394% on 2024. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 1,750% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53,694
Fixed assets
€2,751 ▲ 203%
Current assets
€50,943 ▲ 2,238%
Equity and liabilities €53,694
Equity
€36,749 ▲ 1,468%
Debt
€16,945 ▲ 2,178%
Debt's share of the balance-sheet total rises from 24.1% to 31.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€51,454▲
2024 · €3,158
Cash flow
€34,996▲
2024 · €1,894
Current ratio
3.01
Debt to equity
0.46
ROE
93.6%
ROA
64.1%
Interest coverage
278.13▲
2024 · 17.64
Debt ≤ 1 year
€16,945▲
2024 · €744
Income taxes
€16,273▲
2024 · €1,085
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 39,275 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.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | €50,841 | €22,035 | €66,802 | €329,790 | ▲ 394% |
| Goods, raw materials, services and sundry goods60/61 | €47,115 | €24,554 | €62,623 | €275,818 | ▲ 340% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €317 | €409 | €409 | €591 | ▲ 44.5% |
| Other operating charges640/8 | €348 | €429 | €1,021 | €2,519 | ▲ 147% |
| Gross operating margin9900 | €3,726 | -€2,519 | €4,179 | €53,973 | ▲ 1,192% |
| Operating profit (loss)9901 | €3,061 | -€3,357 | €2,749 | €50,863 | ▲ 1,750% |
| Financial income75/76B | - | €51 | - | - | - |
| Recurring financial income75 | - | €51 | - | - | - |
| Financial charges65/66B | €89 | €63 | €179 | €185 | ▲ 3.4% |
| Recurring financial charges65 | €89 | €63 | €179 | €185 | ▲ 3.4% |
| Profit (loss) for the period before taxes9903 | €2,972 | -€3,369 | €2,570 | €50,678 | ▲ 1,872% |
| Income taxes67/77 | €743 | - | €1,085 | €16,273 | ▲ 1,400% |
| Profit (loss) for the period9904 | €2,229 | -€3,369 | €1,485 | €34,405 | ▲ 2,217% |
| Profit (loss) for the period to be appropriated9905 | €2,229 | -€3,369 | €1,485 | €34,405 | ▲ 2,217% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €5,097 | €2,832 | €3,088 | €53,694 | ▲ 1,639% |
| Fixed assets21/28 | €1,727 | €1,318 | €909 | €2,751 | ▲ 203% |
| Intangible fixed assets21 | €1,727 | €1,318 | €909 | €501 | ▼ 44.9% |
| Tangible fixed assets22/27 | - | - | - | €2,250 | - |
| Plant, machinery and equipment23 | - | - | - | €2,250 | - |
| Current assets29/58 | €3,370 | €1,514 | €2,179 | €50,943 | ▲ 2,238% |
| Amounts receivable within one year40/41 | €3,248 | €1,472 | €193 | €28,626 | ▲ 14,732% |
| Trade receivables40 | - | - | - | €18,500 | - |
| Other amounts receivable41 | €3,248 | €1,472 | €193 | €10,126 | ▲ 5,147% |
| Cash at bank and in hand54/58 | €122 | €42 | €1,986 | €22,317 | ▲ 1,024% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €5,097 | €2,832 | €3,088 | €53,694 | ▲ 1,639% |
| Equity10/15 | €4,229 | €859 | €2,344 | €36,749 | ▲ 1,468% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | - | - | - | €34,552 | - |
| Distributable reserves133 | - | - | - | €34,552 | - |
| Profit (loss) carried forward14 | €2,229 | -€1,141 | €344 | €197 | ▼ 42.7% |
| Amounts payable17/49 | €868 | €1,973 | €744 | €16,945 | ▲ 2,178% |
| Amounts payable within one year42/48 | €868 | €1,973 | €744 | €16,945 | ▲ 2,178% |
| Trade debts44 | - | €1,230 | - | - | - |
| Suppliers440/4 | - | €1,230 | - | - | - |
| Taxes, remuneration and social security45 | €868 | €743 | €744 | €16,945 | ▲ 2,178% |
| Taxes450/3 | €868 | €743 | €744 | €16,945 | ▲ 2,178% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,229 | -€3,369 | €1,485 | €34,405 | ▲ 2,217% |
| + Depreciation and write-downs630 | €317 | €409 | €409 | €591 | ▲ 44.5% |
| Operating cash flow (approximation) | €2,546 | -€2,960 | €1,894 | €34,996 | ▲ 1,748% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€2,433 | - |
| Change in cash | - | -€80 | €1,944 | €20,331 | ▲ 946% |
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
Next filing, fiscal year 2026, expected by
2026
26-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2022net €34,405 ▲2,217%
Operating result €50,863, net result €34,405, both a record.
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
31-12
Financial
Back to profitnet €1,485
Net result €1,485 after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 2.93
Current ratio from 0.77 to 2.93; short-term debt falls from €1,973 to €744.
21-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€3,369
Net result drops to -€3,369, the lowest in the series; recovery starts the following year.
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 94 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2022
Ground area
1,934 m²
Building footprint
707 m²
Volume, LiDAR
7,361 m³
2 parcels, Brussels, Wallonia · tallest building 21.1 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
GMP-CONSTRUCT
since 20222.329.673.051
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25772K0102/00Y012 | Wallonia | 1,335 m² | 1 · 122 m² | 6.9 m · 2 fl. |
| 21562A0258/00P013 | Brussels | 599 m² | 1 · 585 m² | 21.1 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
CLEMENT CONCEPT
BE 0476.137.762
Namur · Eq €36,752
AFT BATI
BE 0568.896.288
Sint-Joost-ten-Node · Eq €36,753
BFO INVEST
BE 0715.957.394
Oupeye · Eq €36,761
Turkse Slagerij Sahara
BE 0449.584.508
Genk · Eq €36,732
CEDRIC JACOBY
BE 0656.724.048
Liège · Eq €36,727
Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 12,735 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
Founded31-03-2022
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
43910Bricklaying and masonry work
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0784304881
Also
9925:BE0784304881
Registered
30-03-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.