GREDION CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of GREDION CONSTRUCT is 2.3% (moderate). The 2025 annual accounts show equity of €9,406 and a net result of €8,406. Its solvency ranks better than 38% of 9,348 sector peers (NACE 41, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
General construction of residential buildings
NACE 41001Other building finishing work NACE 43350
1 site
Size
≈ €270,000turnover 2025, estimated
- Staff
- ≈ 1 FTE, estimated
- Equity
- €9,406
- Profit
- €8,406
Turnover estimated from the gross margin
Why 54raises riskFounded in 2024Sector: Construction of residential and non-residential buildings (NACE 41)Last filed accounts filed 46 days late; 1 of the last 3 latelowers riskLiquidity: current ratio 1.46, cash €19,708Show the evidence
Checked score
Score 2025
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 66% of its sector peers (NACE 41, micro)
Financial strength
Strong
Solvency
57
equity 31.6% of total assets
Liquidity
63
short-term debt 68.4% · cash 66.1%
Profitability
100
return on assets 28.2%
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2025: 3.6%
12-2025: 3.7%▲ +0.1 percentage points vs 11-2025
01-2026: 3.8%▲ +0.1 percentage points vs 12-2025
02-2026: 4.2%▲ +0.4 percentage points vs 01-2026
03-2026: 4.2%● unchanged vs 02-2026
04-2026: 4.6%▲ +0.4 percentage points vs 03-2026
05-2026: 5.0%▲ +0.4 percentage points vs 04-2026
06-2026: 5.0%● unchanged vs 05-2026
07-2026: 4.8%▼ -0.2 percentage points vs 06-2026
08-2026: 4.8%● unchanged vs 07-2026
09-2026: 5.1%▲ +0.3 percentage points vs 08-2026highest value
10-2026: 2.3%▼ -2.8 percentage points vs 09-2026lowest value
Credit of up to €500 on 30-day terms is acceptable
Liquidity tight (current ratio 1.46, below the usual 1.5; short-term debt: 68.4% and cash: 66.1% of total assets), and 68.4% of the assets are financed with debt and provisions.
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 41, micro): better than 39% on solvency, 68% on liquidity and 91% on profitability.
The bankruptcy probability was computed on 28-10-2026 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
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 46 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-09-2026, 46 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
46 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- IncorporationAppointment: JUKAJ Grudineska (director) ·…
Financials · financial year 2025, micro format
2025 annual accounts filed late (46 days) Filed on 15 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00513201.
Turnover
≈ €270,000
Estimated: probably between €190,000 and €510,000
Total assets
€29,798
Net result
€8,406
Working capital
€9,406
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
Equity and liabilities €29,798
Equity
€9,406
Debt
€20,392
Debt finances 68.4% of the balance-sheet total.
Key figures and ratios
Current ratio
1.46
Debt to equity
2.17
ROE
89.4%
ROA
28.2%
Debt ≤ 1 year
€20,392
Income taxes
€2,101
Staff costs
€40,420
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.9% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.3%
stopped otherwise
95.9%
still going
For this company itself Checked computes a higher bankruptcy probability: 2.3% 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 497,445 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 39,278 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 | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €40,420 |
| Other operating charges640/8 | €322 |
| Gross operating margin9900 | €51,258 |
| Operating profit (loss)9901 | €10,516 |
| Financial income75/76B | €3 |
| Recurring financial income75 | €3 |
| Financial charges65/66B | €12 |
| Recurring financial charges65 | €12 |
| Profit (loss) for the period before taxes9903 | €10,507 |
| Income taxes67/77 | €2,101 |
| Profit (loss) for the period9904 | €8,406 |
| Profit (loss) for the period to be appropriated9905 | €8,406 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €29,798 | |
| Current assets29/58 | €29,798 | |
| Amounts receivable within one year40/41 | €10,089 | |
| Trade receivables40 | €5,968 | |
| Other amounts receivable41 | €4,121 | |
| Cash at bank and in hand54/58 | €19,708 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €29,798 | |
| Equity10/15 | €9,406 | |
| Contributions10/11 | €1,000 | |
| Profit (loss) carried forward14 | €8,406 | |
| Amounts payable17/49 | €20,392 | |
| Amounts payable within one year42/48 | €20,392 | |
| Trade debts44 | €10,169 | |
| Suppliers440/4 | €10,169 | |
| Taxes, remuneration and social security45 | €4,742 | |
| Taxes450/3 | €1,942 | |
| Remuneration and social security454/9 | €2,800 | |
| Other amounts payable47/48 | €5,481 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €8,406 |
| Operating cash flow (approximation) | €8,406 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 15-09-2026 | 2026-00513201 |
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Of the 29,226 active companies whose main activity is general construction of residential buildings (NACE 41001), figures are known for 16,354. 9,335 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
1 director, no change since 2024
JUKAJ Grudineska
CurrentDirector (not named in the articles) · since 09-10-2024
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Mandate history
1 person since 2024, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| JUKAJ Grudineska |
|
Owners and capital
Capital and shareholders
Shareholders according to the deeds
At incorporation
act of 09-10-2024 ↗
- JUKAJ Grudineska 100 shares (100%) · €1,000 in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 09-10-2024 Incorporation · €1,000 · 100 shares
Group and network
Connections & network
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History
Acts, filings and financial milestones
2026
15-09
NBB filing
Annual accounts filed
financial year 2025 · micro format · 46 days late
2024
09-10
Gazette deed
IncorporationAppointment: JUKAJ Grudineska (director) · Founder · Founding capital7 facts ▸
Gazette deed
Incorporation
Appointment: JUKAJ Grudineska (director) · Founder · Founding capital7 facts ▸
- Incorporation, 07-10-2024
- Founder, JUKAJ Grudineska
- Founding capital, €1,000
- Capital
- Registered office clause, “1853 Grimbergen, Sint-Amandsstraat”, 2 (deed in Dutch)
- Board composition, GREDION CONSTRUCT
- Director appointment, JUKAJ Grudineska (director (not named in the articles))
Gazette deedNBB filing
1 of 1 deed read
Register details
Identification
Legal formPrivate limited company
Founded07-10-2024
Financial year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43350Other building finishing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:1014740358
Registered
19-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 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 1014.740.358
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Grimbergen · 1 establishment unit since 2024
Ground area
316 m²
Building footprint
316 m²
Building volume
3,697 m³
Parcel 23084A0405/00N000, Flanders · tallest building 16.0 m. Linked by address, not a title deed.
60
companies at this address
See who is registered here
1 establishment unit
GREDION CONSTRUCT
since 2024unit no. 2.368.745.839
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23084A0405/00N000 | Flanders | 316 m² | 1 · 316 m² | 16.0 m · 4 |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De vennootschap heeft tot doel het uitvoeren van alle werkzaamheden die direct of indirect verband houden met de installatie en het…” (deed in Dutch)
34 activities (deed in Dutch)
- De vennootschap heeft tot doel het uitvoeren van alle werkzaamheden die direct of indirect verband houden met de installatie en het onderhoud van telecommunicatie- en IT-voorzieningen (telefonie, videotelefonie, netwerken en alle andere vormen van digitale communicatie).
- Elektrotechnische installatiewerkzaamheden in gebouwen.
- Het kan ook bouw- en renovatiewerkzaamheden uitvoeren.
- Alle verwarmings-, loodgieters- en elektriciteitswerken.
- Elektrotechnische installaties in gebouwen.
- Elektrisch werk, schilderwerk, stukadoorswerk, sanitaire installaties, loodgieterswerk, dakbedekking, het leggen van dekvloeren, deuren en ramen, en alle werkzaamheden in verband met algemene bouwwerkzaamheden;
- Alle renovatiewerkzaamheden aan gebouwen;
- Elektrische installatiewerkzaamheden voor gebouwen;
- Reparatie van elektrische apparatuur;
- Elektrische installatiewerkzaamheden andere dan voor gebouwen;
- Overige installatiewerkzaamheden n.e.g.;
- Aanleg van elektriciteits- en telecommunicatienetwerken en grondwerken.
- Installatie van verwarmings-, ventilatie- en airconditioningsystemen.
- Verkoop van bouwmaterialen.
- Elektrisch werk, schilderwerk, stukadoorswerk, sanitaire installaties, loodgieterswerk, dakbedekking, het leggen van dekvloeren, deuren en ramen, en alle werkzaamheden in verband met algemene bouwwerkzaamheden;
- Alle renovatiewerkzaamheden aan gebouwen;
- De aankoop, verkoop, renovatie, verbouwing, beheer, verhuur en verkaveling van alle eigendommen en eigendomsrechten;
- Het bedekken van metalen frames met bekledingspanelen (gevels of daken);
- Het luchtdicht maken van gebouwen en ramen;
- Im- en export van alle bouwmaterialen;
- Plaatsen van steigers, thermische en akoestische voegen, steenwol en synthetisch schuim;
- Werkzaamheden op het gebied van zink, koper, dakbedekking, kroonlijsten, schoorstenen, veluxramen, dakpannen, leien, raamwerken, gevels, ontkisten, metselwerk;
- Het importeren, exporteren, aan- en verkopen, vermarkten, produceren, vervaardigen, installeren, repareren, verhelpen van storingen, onderhouden en verrichten van allerhande werkzaamheden aan alle producten en/of materialen die betrekking hebben op sanitair, verwarming, koeling en sanitair;
- Het plaatsen van omheiningen, ijzerwerk, metalen schrijnwerk, bliksemafleiders, dekvloeren, bekistingen en grondwerken, schoorsteenvegen, rioleringswerken, het leggen van kabels en diverse leidingen, het inrichten van sportterreinen, parken en tuinen;
- Groothandel in bouwmaterialen en algemene bouwzaken, coördinatie van werken met uitzondering van alle gereglementeerde activiteiten, die door onderaannemers zullen worden uitgevoerd;
- Alle gyproc-werkzaamheden, het plaatsen van plafonds en valse plafonds, alle stukadoors- en tegelwerkzaamheden en meer in het algemeen alle werkzaamheden voor de afwerking van gebouwen, alle sanitaire en verwarmingswerkzaamheden, alle vochtwerende werkzaamheden, isolatiewerkzaamheden, enz;
- Vervaardiging van raamwerken en schrijnwerk in hout, kunststof of aluminium, montage van raamwerken, schrijnwerk in hout of kunststof, montage van buitenschrijnwerk of binnenschrijnwerk, deuren en ramen, trappen, kasten, inbouwkeukens, winkelinrichtingen, kozijnen, groothandel in schrijnwerk en houten sluitwerk, bouw van dakbedekking en waterdicht maken, bouw van huizen met houten skelet, gevelbekleding enz;
- De installatie in gebouwen of andere bouwprojecten van : thermische isolatiematerialen
- Geluids- en trillingsisolatiematerialen
- Isolatiewerkzaamheden aan verwarmings- of koelbuizen
- Isolatiewerkzaamheden aan koel- of vriescellen
- Alle activiteiten met betrekking tot industriële en commerciële schoonmaak, waaronder het schoonmaken van kantoren, commerciële gebouwen, ramen, tapijten en alle soorten oppervlakken, evenals het leveren van aanverwante diensten zoals afvalbeheer en het onderhoud van groenzones.
- De doelstelling van het bedrijf is het leveren van schoonmaak-, onderhouds- en hygiënediensten aan particulieren en bedrijven, waaronder het schoonmaken van huizen, residentiële en commerciële gebouwen, evenals het beheer van groene ruimtes en desinfectie- en onderhoudsproducten.
- De missie van het bedrijf is het leveren van specialistische reinigingsdiensten voor de voedingsmiddelenindustrie, waaronder het reinigen en desinfecteren van voedselverwerkende faciliteiten, professionele keukens en elke structuur die een hoog niveau van hygiëne, veiligheid en gezondheid vereist.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- GREDION CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest of in het Brussels Hoofdstedelijk Gewest, bij enkel besluit van het bestuursorgaan” (deed in Dutch)
- Elected domicileThe address where directors or the company receive official documents.
- “Woonstkeuze, alle mededelingen, aanmaningen, dagvaardingen en betekeningen hem geldig kunnen worden gedaan” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Benoemd met of zonder beperking van duur, één of meer bestuurders, natuurlijke personen of rechtspersonen, al dan niet aandeelhouder” (deed in Dutch)“Hij kan bijzondere machten toekennen aan elke mandataris, Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als…” (deed in Dutch)“Vergoeding van de bestuurders, algemene vergadering beslist of het mandaat al dan niet ten kosteloze titel wordt uitgeoefend” (deed in Dutch)1 more provision on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, De aandeelhouders mogen kennisnemen van dit register betreffende hun effecten” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Aandelen moeten bij hun uitgifte worden volgestort, In geval van een enige aandeelhouder-bestuurder, bepaalt deze laatste vrij, naargelang…” (deed in Dutch)“15, per e-mail of, voor de personen waarvan de vennootschap niet over een e-mailadres beschikt, per gewone post, op dezelfde dag te…” (deed in Dutch)
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “Algemene vergadering bepaalt de aanwending van de jaarlijkse nettowinst, op voorstel van het bestuursorgaan, elk aandeel recht geeft op een…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Tuesday of June at 17:00
- Meeting noticeHow and how far ahead shareholders are invited to a meeting; by law at least fifteen days.
- “Per e-mail, op dezelfde dag als de verzending van de elektronische oproepingen” (deed in Dutch)
- Meeting accessWho may attend the meeting and what is needed to be admitted.
- “Indien enkel de stemrechten geschorst zijn, mag hij nog steeds deelnemen aan de algemene vergadering zonder te kunnen deelnemen aan de…” (deed in Dutch)
- Meeting procedureHow the meeting runs, from opening to minutes.
- “Kopieën voor derden worden ondertekend door één of meer vertegenwoordigingsbevoegde leden van het bestuursorgaan, notulen worden neergelegd…” (deed in Dutch)
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- “Elke aandeelhouder kan aan ieder andere persoon, al dan niet aandeelhouder, door alle middelen van overdracht, een schriftelijke volmacht…” (deed in Dutch)
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- “Hernieuwbare termijn van drie jaar, één of meerdere commissarissen” (deed in Dutch)
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Op elk moment, beslissing van de algemene vergadering beslissende in de vormen vereist voor de statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Zonder afbreuk te doen aan het recht van de algemene vergadering om één of meerdere vereffenaars aan te duiden, hun bevoegdheden te omlijnen…” (deed in Dutch)
- JurisdictionWhich court has jurisdiction in a dispute about the company.
- One provision in the deed