GPC CONSTRUCT
ActiveSummary
GPC CONSTRUCT has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €229,014 and a net result of €31,935. Equity is growing by about 22% per year across the filed financial years. Its solvency ranks better than 92% of 3,535 sector peers (NACE 43, financial year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
- Staff
- 0.9 FTE
- Equity
- €229,014
- Profit
- €31,935
- GRIGORAS PavelDirector
Why 57raises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed 20-08-2025)lowers riskLiquidity: current ratio 4.35, cash €64,824Founded in 2011Equity €229,014 (81.4% of total assets)Show the evidence
Checked score
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 90% on solvency, 72% on liquidity, 48% on profitability and 59% on growth.
The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 6 accounts on average 52 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · full…
- Liquidity more than doubledcurrent ratio 4.35
- Equity above €200,000equity €229,014 ▲16.2%
Financials · financial year 2024, full format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 26 October 2026.
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result has fallen two years in a row; 2024 is 28% below 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 34,695 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 34,695 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €806,495 | €890,852 | €533,084 | €503,164 | €702,821 | €622,380 | €652,713 | ▲ 4.9% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €459,506 | €611,902 | €542,950 | €566,820 | ▲ 4.4% |
| Remuneration, social security and pensions62 | - | - | - | €7,303 | €5,172 | €7,993 | €10,244 | ▲ 28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,820 | €24,717 | €12,026 | €22,213 | €10,176 | €8,726 | €15,796 | ▲ 81.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €16,245 | - |
| Other operating charges640/8 | - | - | - | €3,470 | €3,414 | €8,377 | €3,357 | ▼ 59.9% |
| Gross operating margin9900 | €125,962 | €162,333 | €53,710 | €44,508 | €93,449 | €90,356 | €92,711 | ▲ 2.6% |
| Operating profit (loss)9901 | €86,864 | €79,550 | €13,867 | €11,522 | €74,687 | €65,260 | €47,069 | ▼ 27.9% |
| Financial income75/76B | - | - | - | €2 | €1 | €0 | €13 | ▲ 112× |
| Recurring financial income75 | - | €0 | €4 | €2 | €1 | €0 | €13 | ▲ 112× |
| Financial charges65/66B | - | - | - | €459 | €445 | €1,760 | €655 | ▼ 62.8% |
| Recurring financial charges65 | €630 | €316 | €102 | €459 | €445 | €1,760 | €655 | ▼ 62.8% |
| Profit (loss) for the period before taxes9903 | €86,234 | €79,234 | €13,769 | €11,065 | €74,243 | €63,501 | €46,428 | ▼ 26.9% |
| Income taxes67/77 | €31,088 | €18,622 | €1,924 | €3,011 | €20,357 | €19,858 | €14,493 | ▼ 27.0% |
| Profit (loss) for the period9904 | €55,146 | €60,612 | €11,844 | €8,054 | €53,886 | €43,643 | €31,935 | ▼ 26.8% |
| Profit (loss) for the period to be appropriated9905 | €55,146 | €60,612 | €11,844 | €8,054 | €53,886 | €43,643 | €31,935 | ▼ 26.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €324,951 | €332,594 | €195,832 | €216,586 | €267,040 | €422,581 | €281,462 | ▼ 33.4% |
| Fixed assets21/28 | €47,758 | €36,249 | €31,230 | €10,129 | €27,986 | €65,313 | €53,451 | ▼ 18.2% |
| Tangible fixed assets22/27 | €46,114 | €35,789 | €30,770 | €9,669 | €27,526 | €64,854 | €53,451 | ▼ 17.6% |
| Plant, machinery and equipment23 | - | - | - | €2,616 | €1,409 | €2,483 | €2,138 | ▼ 13.9% |
| Furniture and vehicles24 | - | - | - | €7,053 | €26,117 | €62,370 | €51,313 | ▼ 17.7% |
| Financial fixed assets28 | €1,644 | €460 | €460 | €460 | €460 | €460 | - | - |
| Current assets29/58 | €277,193 | €296,345 | €164,603 | €206,456 | €239,054 | €357,268 | €228,011 | ▼ 36.2% |
| Stocks and contracts in progress3 | - | - | - | €12,120 | - | - | - | - |
| Stocks30/36 | - | - | - | €12,120 | - | - | - | - |
| Amounts receivable within one year40/41 | €138,510 | €247,001 | €119,561 | €120,341 | €170,641 | €173,111 | €131,444 | ▼ 24.1% |
| Trade receivables40 | - | - | - | €102,033 | €153,482 | €173,109 | €112,453 | ▼ 35.0% |
| Other amounts receivable41 | - | - | - | €18,308 | €17,158 | €2 | €18,991 | ▲ 8,874× |
| Cash at bank and in hand54/58 | €5,685 | €5,401 | €23,852 | €20,640 | €37,606 | €36,782 | €64,824 | ▲ 76.2% |
| Deferred charges and accrued income490/1 | - | - | - | €53,356 | €30,808 | €147,376 | €31,742 | ▼ 78.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €324,951 | €332,594 | €195,832 | €216,586 | €267,040 | €422,581 | €281,462 | ▼ 33.4% |
| Equity10/15 | €75,040 | €79,652 | €91,496 | €99,550 | €153,436 | €197,079 | €229,014 | ▲ 16.2% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | - | €6,200 | €6,200 | - | - | - |
| Issued capital100 | - | - | - | €18,600 | €18,600 | - | - | - |
| Uncalled capital101 | - | - | - | €12,400 | €12,400 | - | - | - |
| Contributions outside capital11 | - | - | - | - | - | €6,200 | €6,200 | = |
| Other1109/19 | - | - | - | - | - | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €33,795 | ▲ 18× |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | - | - | - | €31,935 | - |
| Profit (loss) carried forward14 | €66,980 | €71,592 | €83,436 | €91,490 | €145,376 | €189,019 | €189,019 | = |
| Amounts payable17/49 | €249,911 | €252,942 | €104,336 | €117,036 | €113,604 | €225,503 | €52,447 | ▼ 76.7% |
| Amounts payable within one year42/48 | €249,911 | €252,942 | €104,336 | €117,036 | €113,604 | €225,503 | €52,447 | ▼ 76.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1,500 | - | - | €460 | - |
| Financial debts43 | - | - | - | €3,818 | €25 | €13 | - | - |
| Credit institutions430/8 | - | - | - | €3,818 | €25 | €13 | - | - |
| Trade debts44 | €207,337 | €203,575 | €84,863 | €106,031 | €99,752 | €213,649 | €43,249 | ▼ 79.8% |
| Suppliers440/4 | - | - | - | €13,646 | €10,629 | €2,813 | €586 | ▼ 79.2% |
| Bills of exchange payable441 | - | - | - | €92,385 | €89,123 | €210,836 | €42,663 | ▼ 79.8% |
| Taxes, remuneration and social security45 | - | - | - | €5,687 | €12,412 | €11,840 | €8,739 | ▼ 26.2% |
| Taxes450/3 | - | - | - | - | €10,959 | €10,440 | €4,493 | ▼ 57.0% |
| Remuneration and social security454/9 | - | - | - | €5,687 | €1,453 | €1,400 | €4,246 | ▲ 203% |
| Other amounts payable47/48 | - | - | - | - | €1,415 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €55,146 | €60,612 | €11,844 | €8,054 | €53,886 | €43,643 | €31,935 | ▼ 26.8% |
| + Depreciation and write-downs630 | €30,820 | €24,717 | €12,026 | €22,213 | €10,176 | €8,726 | €15,796 | ▲ 81.0% |
| Operating cash flow (approximation) | €85,966 | €85,329 | €23,870 | €30,267 | €64,062 | €52,369 | €47,732 | ▼ 8.9% |
| Investment in fixed assets (approximation) | - | -€13,208 | -€7,007 | -€1,113 | -€28,032 | -€46,054 | -€3,934 | ▲ 91.5% |
| Change in cash | - | -€284 | €18,451 | -€3,213 | €16,966 | -€824 | €28,043 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | full format | 20-08-2025 | 2025-00387247 |
| 31-12-2023 | full format | 21-08-2024 | 2024-00357991 |
| 31-12-2022 | full format | 30-09-2023 | 2023-00465755 |
| 31-12-2021 | full format | 29-07-2022 | 2022-20247467 |
| 31-12-2020 | full format | 29-10-2021 | 2021-74900209 |
| 31-12-2019 | full format | 30-11-2020 | 2020-73400526 |
| 31-12-2018 | full format | 30-09-2019 | 2019-66900341 |
| 31-12-2017 | full format | 25-07-2018 | 2018-38000119 |
| 31-12-2016 | full format | 14-07-2017 | 2017-31600467 |
| 31-12-2015 | full format | 29-07-2016 | 2016-38100570 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| GRIGORAS Pavel |
|
Owners and capital
Capital and shareholders
- 28-02-2024 Converted to unavailable equity · €8,060
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
28-02
Gazette deed
Resignation: GRIGORAS Pavel (manager)Appointment: GRIGORAS Pavel (director) · Amendment of the articles · Capital conversion9 facts ▸
- General meeting, 16-11-2023
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “supprimer, fonds disponibles pour distribution” (deed in French)
- Director resignation, GRIGORAS Pavel (manager)
- Director appointment, GRIGORAS Pavel (director (not named in the articles))
- Director discharge, GRIGORAS Pavel
- Registered office clause, “1020 Bruxelles (Laeken), Rue Breesch 24” (deed in French)
- Other provision, “coordination des statuts, établir et signer coordination conformément à décision précédente et assurer dépôt au dossier” (deed in French)
Show earlier events
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0840.081.861
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21816C0085/00B007 | Brussels | 132 m² | 1 · 83 m² | 15.0 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L’entreprise générale du bâtiment,peinture,maçonnerie,électricité,toiture,toute autre activité de rénovation et construction; Transport de…” (deed in French)
30 activities (deed in French)
- L’entreprise générale du bâtiment,peinture,maçonnerie,électricité,toiture,toute autre activité de rénovation et construction
- Transport de marchandises et de personnes
- Entreprise de design
- Entreprise de garde et sécurité
- Exploitation d’un restaurant
- Entreprise générale de nettoyage pour les clients professionnels
- Services ménagers dans le système des titres services
- L’exploitation d’un garage auto ainsi que la réalisation d’un commerce de voitures d’occasion y compris la location des voitures
- L’exploitation d’une entreprise de réparation de véhicules automobiles,la réparation des parties mécaniques et électriques
- Le commerce au détail de véhicules automobiles pour le transport de personnes y compris les véhicules automobiles spécialisés(ambulances)
- L’exploitation d’une entreprise de courrier express
- L’informatique en général:l’élaboration et la conception de logiciel,la vente et l’achat de matériel informatique et de bureau,ainsi que de consommables de bureau,l’étude de projets informatiques au sens large,et tout ce qui se rapporte directement ou indirectement à l’informatique,la consultance,la formation,la commercialisation des services et de produits,la maintenance hardware et software
- Commerce snack-bar,boulangerie,café,pâtisserie
- Location de voitures et outillage de construction
- L’exploitation d’un salon de coiffure
- La fabrication de meubles
- Garderie d’enfants
- Travaux de secrétariat,de bureau et travaux administratifs
- Soutien de bureau,conseil
- La vente en gros et en détail de:matériaux de construction,matériel électrique et électronique,sanitaire et plomberie
- La vente en gros et en détail de:tous produits alimentaires tels que fruits,légumes,conserves,produits laitiers,produits de la mer,poissons,boucherie,articles de ménage et article cadeaux
- La vente en gros et en détail de:vidéothèque,location de produits de divertissements,films et tous autres produits assimilés
- La vente en gros et en détail de:tous textiles en général,vêtements divers,chaussures,cordonnerie,serrurerie,maroquinerie dans le sens le plus large
- La vente en gros et en détail de:tous produits de l’artisanat en général,tapisserie,y compris les articles du tiers-monde,des meubles
- La vente en gros et en détail de:tous les articles de parfumerie,de toilette,cosmétiques,produits de beauté,maquillage,ainsi que savons et détergents
- La vente en gros et en détail de:tous les articles d’horticulture tels que fleurs,plantes,articles de jardinage,aménagement et entretien de jardins et de pépinières
- La vente en gros et en détail de:tous livres,antiquités,brocantes,objets de décoration,machines industrielles
- La vente en gros et en détail de:tous appareils électroménagers,tous films de bandes magnétiques,cassettes,tous articles imprimés ou enregistrés permettant leur lecture,vision ou audition
- La vente en gros et en détail de:tous matériels de bureau et d’informatique
- Entreprise générale de nettoyage
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, transfert en tout endroit Région Bruxelles-Capitale ou région langue française Belgique par simple décision…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Un ou plusieurs administrateurs, organe d'administration” (deed in French)“Indépendamment frais représentation voyages déplacements, fixe ou proportionnelle” (deed in French)“Organe d'administration, tout temps” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “100, droit égal répartition bénéfices et produits liquidation” (deed in French)1 more provision on this in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs proportionnellement si plusieurs, nullité” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Apport en numéraire avec émission de nouvelles actions, organe qui procède à l’émission” (deed in French)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Prévues pour modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment que ce soit, faculté assemblée générale de désigner un ou plusieurs liquidateurs et…” (deed in French)