GOG CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of GOG CONSTRUCT is 1.8% (moderate). The 2025 annual accounts show equity of €50k and a net result of €5k. Equity is growing by ~20% per year across the filed fiscal years. Its solvency ranks better than 18% of 27965 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-7
Solvency41▼-19
Growth75=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.18 against 1.52 in 2024; short-term debt: 84.4% and cash: 3.9% of total assets), and 84.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-12-2025, 46 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
46 d early
2024
3 d late
2023
on the day
2022
365 d late
2021
9 d late
2020
2 d early
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€236k▲ 40.3%
2020 · €168k
2019: €190k
2020: €168k▼ -11.5% vs 2019lowest in 3 years
2021: €236k▲ +40.3% vs 2020highest in 3 years
2019 → 2021
EBIT margin
3.4%▼ 2.3pp
2020 · 5.7%
2019: 3.5%
2020: 5.7%▲ +61.4% vs 2019highest in 3 years
2021: 3.4%▼ -40.0% vs 2020lowest in 3 years
2019 → 2021
Net result
€5k▼ 40.7%
2024 · €9k
2019: €5k
2020: €8k▲ +50.1% vs 2019
2021: €5k▼ -31.6% vs 2020
2022: €3k▼ -40.1% vs 2021lowest in 7 years
2023: €6k▲ +85.0% vs 2022
2024: €9k▲ +51.0% vs 2023highest in 7 years
2025: €5k▼ -40.7% vs 2024
2019 → 2025
Working capital
€50k▲ 13.9%
2024 · €44k
2019: €13klowest in 7 years
2020: €21k▲ +60.2% vs 2019
2021: €26k▲ +25.7% vs 2020
2022: €30k▲ +12.3% vs 2021
2023: €35k▲ +17.8% vs 2022
2024: €44k▲ +24.8% vs 2023
2025: €50k▲ +13.9% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€236k-
Equity€26k-€30k▲ 12.3%€36k▲ 20.2%€45k▲ 25.4%€50k▲ 12.0%
2021: €26klowest in 5 years
2022: €30k▲ +12.3% vs 2021
2023: €36k▲ +20.2% vs 2022
2024: €45k▲ +25.4% vs 2023
2025: €50k▲ +12.0% vs 2024highest in 5 years
Operating result€8k-€5k▼ 38.0%€8k▲ 61.7%€12k▲ 46.5%€8k▼ 35.2%
2021: €8k
2022: €5k▼ -38.0% vs 2021lowest in 5 years
2023: €8k▲ +61.7% vs 2022
2024: €12k▲ +46.5% vs 2023highest in 5 years
2025: €8k▼ -35.2% vs 2024
Net result€5k-€3k▼ 40.1%€6k▲ 85.0%€9k▲ 51.0%€5k▼ 40.7%
2021: €5k
2022: €3k▼ -40.1% vs 2021lowest in 5 years
2023: €6k▲ +85.0% vs 2022
2024: €9k▲ +51.0% vs 2023highest in 5 years
2025: €5k▼ -40.7% vs 2024
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 35% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €320k
Fixed assets
€358 ▼ 66.4%
Current assets
€320k ▲ 152%
Equity and liabilities €320k
Equity
€50k ▲ 12.0%
Debt
€270k ▲ 224%
Debt's share of the balance-sheet total rises from 65.1% to 84.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€8k▼
2024 · €12k
Cash flow
€6k▼
2024 · €10k
Current ratio
1.18▼
2024 · 1.52
Debt to equity
5.40▲
2024 · 1.86
ROE
10.7%▼
2024 · 20.2%
ROA
1.7%▼
2024 · 7.1%
Interest coverage
52.11▼
2024 · 135.13
Debt ≤ 1 year
€270k▲
2024 · €83k
Income taxes
€2k▼
2024 · €3k
Staff costs
€387
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€128k€320k▲
Fixed assets21/28€1k€358▼
Tangible fixed assets22/27€1k€358▼
Furniture and vehicles24€1k€358▼
Current assets29/58€127k€320k▲
Amounts receivable within one year40/41€125k€211k▲
Trade receivables40€42k€165k▲
Other amounts receivable41€83k€46k▼
Cash at bank and in hand54/58€2k€12k▲
Deferred charges and accrued income490/1-€96k
Equity and liabilities
Total equity and liabilities10/49€128k€320k▲
Equity10/15€45k€50k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€37k€42k▲
Amounts payable17/49€83k€270k▲
Amounts payable within one year42/48€83k€270k▲
Trade debts44€81k€254k▲
Suppliers440/4€36k€254k▲
Bills of exchange payable441€45k-
Taxes, remuneration and social security45€3k€17k▲
Taxes450/3€3k€17k▲
Income statement
Code20242025
Remuneration, social security and pensions62-€387
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€707€707=
Other operating charges640/8€850€2k▲
Gross operating margin9900€13k€11k▼
Operating profit (loss)9901€12k€8k▼
Financial charges65/66B€92€160▲
Recurring financial charges65€92€160▲
Profit (loss) for the period before taxes9903€12k€7k▼
Income taxes67/77€3k€2k▼
Profit (loss) for the period9904€9k€5k▼
Profit (loss) for the period to be appropriated9905€9k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€37k€42k▲
Profit (loss) brought forward from the previous period14P€28k€37k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €236k | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €387 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €349 | €707 | €707 | = |
| Other operating charges640/8 | - | €2k | €2k | €850 | €2k | ▲ 142% |
| Gross operating margin9900 | €9k | €7k | €10k | €13k | €11k | ▼ 19.1% |
| Operating profit (loss)9901 | €8k | €5k | €8k | €12k | €8k | ▼ 35.2% |
| Financial income75/76B | - | €374 | €833 | - | - | - |
| Recurring financial income75 | - | €374 | €833 | - | - | - |
| Non-recurring financial income76B | - | €374 | €833 | - | - | - |
| Financial charges65/66B | - | €725 | €878 | €92 | €160 | ▲ 73.2% |
| Recurring financial charges65 | €444 | €725 | €45 | €92 | €160 | ▲ 73.2% |
| Non-recurring financial charges66B | - | - | €833 | - | - | - |
| Profit (loss) for the period before taxes9903 | €8k | €5k | €8k | €12k | €7k | ▼ 36.1% |
| Income taxes67/77 | €2k | €1k | €2k | €3k | €2k | ▼ 19.9% |
| Profit (loss) for the period9904 | €5k | €3k | €6k | €9k | €5k | ▼ 40.7% |
| Profit (loss) for the period to be appropriated9905 | €5k | €3k | €6k | €9k | €5k | ▼ 40.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €86k | €75k | €126k | €128k | €320k | ▲ 150% |
| Fixed assets21/28 | - | - | €698 | €1k | €358 | ▼ 66.4% |
| Tangible fixed assets22/27 | - | - | €698 | €1k | €358 | ▼ 66.4% |
| Furniture and vehicles24 | - | - | €698 | €1k | €358 | ▼ 66.4% |
| Current assets29/58 | €86k | €75k | €126k | €127k | €320k | ▲ 152% |
| Amounts receivable within one year40/41 | €85k | €73k | €122k | €125k | €211k | ▲ 68.8% |
| Trade receivables40 | - | €45k | €46k | €42k | €165k | ▲ 292% |
| Other amounts receivable41 | - | €28k | €75k | €83k | €46k | ▼ 44.7% |
| Cash at bank and in hand54/58 | €1k | €2k | €4k | €2k | €12k | ▲ 542% |
| Deferred charges and accrued income490/1 | - | - | - | - | €96k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €86k | €75k | €126k | €128k | €320k | ▲ 150% |
| Equity10/15 | €26k | €30k | €36k | €45k | €50k | ▲ 12.0% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €18k | €22k | €28k | €37k | €42k | ▲ 14.6% |
| Amounts payable17/49 | €60k | €45k | €91k | €83k | €270k | ▲ 224% |
| Amounts payable within one year42/48 | €60k | €45k | €91k | €83k | €270k | ▲ 224% |
| Trade debts44 | €58k | €44k | €73k | €81k | €254k | ▲ 214% |
| Suppliers440/4 | - | €21k | €29k | €36k | €254k | ▲ 599% |
| Bills of exchange payable441 | - | €23k | €44k | €45k | - | - |
| Taxes, remuneration and social security45 | - | €1k | €18k | €3k | €17k | ▲ 543% |
| Taxes450/3 | - | €1k | €2k | €3k | €17k | ▲ 543% |
| Remuneration and social security454/9 | - | - | €16k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €3k | €6k | €9k | €5k | ▼ 40.7% |
| + Depreciation and write-downs630 | - | - | €349 | €707 | €707 | = |
| Operating cash flow (approximation) | €5k | €3k | €6k | €10k | €6k | ▼ 37.8% |
| Investment in fixed assets (approximation) | - | - | - | €-1k | €0 | ▲ 100% |
| Change in cash | - | €339 | €2k | €-2k | €10k | ▲ 622% |
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
2025
16-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
03-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 3 days late
2024
30-06
Financial
Highest result since 2019net €9k ▲51%
Operating result €12k, net result €9k, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 365 days late
2022
30-06
Financial
Weakest financial yearnet €3k ▼40.1%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
09-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 9 days late
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
07-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 35 days late
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
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, Jette · 1 establishment unit since 2016
Ground area
1,271 m²
Building footprint
584 m²
Volume, LiDAR
7,754 m³
2 parcels, Brussels · tallest building 20.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
GOG CONSTRUCT
since 20162.249.624.196
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21010A0074/00K003 | Brussels | 1,161 m² | 1 · 506 m² | 20.6 m · 4 fl. |
| 21010B0014/06L005 | Brussels | 110 m² | 1 · 78 m² | 14.8 m · 4 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 6,089 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
Founded23-12-2015
Fiscal year end30-06
Activities, NACEBEL 2025
43990Other specialised construction activities
81210General cleaning of buildings
Scores and ratios are computed by Checked and are not a credit decision.