GO Construct
ActiveThe computed 12-month bankruptcy probability of GO Construct is 2.4% (moderate). The 2024 annual accounts show equity of €231k and a net result of €-137k. Equity is growing by ~24.5% per year across the filed fiscal years. Its solvency ranks better than 30% of 2096 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
32
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability2▼-71
Solvency47▼-8
Growth52=
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days only on tighter terms
Liquidity short (current ratio 0.59 against 0.73 in 2023; short-term debt: 48.4% and cash: 0.1% of total assets), and 78.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
21.9%
Return on assets
-13%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
27 d late
2022
11 d early
2021
30 d late
2020
45 d late
2019
7 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€231k▼ 35.0%
2023 · €355k
2019: €55k
2020: €142k
2021: €253k
2022: €312k
2023: €355k
2019 → 2024
Total assets
€1.05M▼ 10.8%
2023 · €1.18M
2019: €185k
2020: €398k
2021: €611k
2022: €1.06M
2023: €1.18M
2019 → 2024
Net result
€-137k
2023 · €43k
2019: €49k
2020: €87k
2021: €111k
2022: €59k
2023: €43k
2019 → 2024
Working capital
€-207k▼ 51.6%
2023 · €-136k
2019: €13k
2020: €49k
2021: €126k
2022: €69k
2023: €-136k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€142k-€253k▲ 77.8%€312k▲ 23.4%€355k▲ 13.7%€231k▼ 35.0%
Operating result€105k-€146k▲ 38.7%€76k▼ 48.1%€73k▼ 3.0%€-110k
Net result€87k-€111k▲ 26.8%€59k▼ 46.5%€43k▼ 27.7%€-137k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €110k after €73k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.05M
Fixed assets
€750k▼ 6.5%
Current assets
€302k▼ 19.8%
Equity and liabilities €1.05M
Equity
€231k▼ 35.0%
Debt
€821k▼ 0.3%
The debt ratio rises from 69.9% to 78.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-35k▼
2023 · €152k
Cash flow
€-62k▼
2023 · €122k
Solvency
21.9%▼
2023 · 30.1%
Current ratio
0.59▼
2023 · 0.73
Quick ratio
0.59▼
2023 · 0.69
Debt / equity
3.56▲
2023 · 2.32
ROE
-59.3%▼
2023 · 12.1%
ROA
-13.0%▼
2023 · 3.6%
Interest coverage
-1.31▼
2023 · 7.73
Debt
€821k▼
2023 · €823k
Debt ≤ 1 year
€509k▼
2023 · €513k
Debt > 1 year
€291k▼
2023 · €310k
Staff costs
€223k▲
2023 · €147k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.18M€1.05M▼
Fixed assets21/28€802k€750k▼
Tangible fixed assets22/27€801k€749k▼
Land and buildings22€628k€610k▼
Plant, machinery and equipment23€144k€116k▼
Furniture and vehicles24€29k€24k▼
Financial fixed assets28€500€500=
Current assets29/58€377k€302k▼
Stocks and contracts in progress3€20k-
Stocks30/36€20k-
Amounts receivable within one year40/41€250k€298k▲
Trade receivables40€197k€260k▲
Other amounts receivable41€53k€39k▼
Cash at bank and in hand54/58€102k€614▼
Deferred charges and accrued income490/1€5k€3k▼
Equity and liabilities
Total equity and liabilities10/49€1.18M€1.05M▼
Equity10/15€355k€231k▼
Contributions10/11€6k€19k▲
Reserves13€349k€212k▼
Distributable reserves133€349k€212k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€823k€821k▼
Amounts payable after more than one year17€310k€291k▼
Financial debts170/4€310k€291k▼
Amounts payable within one year42/48€513k€509k▼
Current portion of amounts payable after more than one year42€26k€20k▼
Financial debts43€150k€189k▲
Credit institutions430/8€150k€189k▲
Trade debts44€322k€294k▼
Suppliers440/4€322k€294k▼
Taxes, remuneration and social security45€8k-
Remuneration and social security454/9€8k-
Other amounts payable47/48€8k€6k▼
Accrued charges and deferred income492/3-€21k
Income statement
Code20232024
Non-recurring operating income76A€5k€16k▲
Remuneration, social security and pensions62€147k€223k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€79k€75k▼
Other operating charges640/8€7k€6k▼
Non-recurring operating charges66A-€8k
Gross operating margin9900€306k€202k▼
Operating profit (loss)9901€73k€-110k▼
Financial income75/76B€39€442▲
Recurring financial income75€39€442▲
Financial charges65/66B€20k€27k▲
Recurring financial charges65€20k€27k▲
Profit (loss) for the period before taxes9903€54k€-137k▼
Income taxes67/77€11k-
Profit (loss) for the period9904€43k€-137k▼
Profit (loss) for the period to be appropriated9905€43k€-137k▼
Appropriation of the result
Profit (loss) to be appropriated9906€43k€-137k▼
Transfer from equity791/2-€137k
Transfer to equity691/2€43k-
To the legal reserve6920€43k-
Social balance
Average headcount (FTE)90873.34.9▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-137k ▼420%
Net result drops to €-137k, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Highest result since 2019net €111k ▲26.8%
Operating result €146k, net result €111k, both a record.
31-12
Financial
Equity above €200kEq €253k ▲77.8%
3 profitable years in a row build equity to €253k.
14-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 45 days late
2020
31-12
Financial
Equity above €100kEq €142k ▲159%
2 profitable years in a row build equity to €142k.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Zutendaal · 1 establishment unit since 2023
Ground area
537 m²
Building footprint
244 m²
Volume, LiDAR
1,323 m³
Parcel 71067A0525/00K000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kantoorstraat 3, 3690 Zutendaal
since 20232.342.518.623
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71067A0525/00K000 | Flanders | 537 m² | 1 · 244 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,801 companies in sector 41001 we hold annual accounts for 16,045. 11,727 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-12-2018
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 6 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.