GREG CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of GREG CONSTRUCT is 2.6% (moderate). The 2025 annual accounts show equity of €31,431 and a net result of -€2,328. Equity is growing by ~22.5% per year across the filed fiscal years. Its solvency ranks better than 24% of 28051 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability67▼-8
Solvency47▼-5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.24 against 2.95 in 2024; short-term debt: 31.4% and cash: 5.4% of total assets), and 77.8% of the assets are financed with debt.
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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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
22.2%
Return on assets
-1.6%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 28051 sector peers (2025).
NBB · sector comparisonPosition among 28051 sector peers
Solvency
better than 24%
← 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 23-01-2026, 8 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
8 d early
2024
17 d early
2023
16 d early
2022
18 d early
2021
14 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 15 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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 close26-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€31,431▼ 6.9%
2024 · €33,759
Total assets
€141,376▲ 14.4%
2024 · €123,571
Net result
-€2,328
2024 · €6,226
Working capital
€10,483▼ 86.3%
2024 · €76,545
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
Line20212022202320242025
Operating result€5,034-€38,818▲ 671%€9,840▼ 74.7%€9,518▼ 3.3%€3,548▼ 62.7%
Net result€2,402-€33,962▲ 1,314%€6,169▼ 81.8%€6,226▲ 0.9%-€2,328
Equity€7,402-€21,364▲ 189%€27,533▲ 28.9%€33,759▲ 22.6%€31,431▼ 6.9%
Total assets€31,582-€56,689▲ 79.5%€48,020▼ 15.3%€123,571▲ 157%€141,376▲ 14.4%
Debt€24,180-€35,325▲ 46.1%€20,487▼ 42.0%€89,812▲ 338%€109,945▲ 22.4%
Working capital-€802-€11,196€20,582▲ 83.8%€76,545▲ 272%€10,483▼ 86.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 63% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €141,376
Fixed assets
€86,477 ▲ 1,001%
Current assets
€54,899 ▼ 52.6%
Equity and liabilities €141,376
Equity
€31,431 ▼ 6.9%
Debt
€109,945 ▲ 22.4%
Debt's share of the balance-sheet total rises from 72.7% to 77.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€24,160▲
2024 · €12,701
Cash flow
€18,284▲
2024 · €9,409
Current ratio
1.24▼
2024 · 2.95
Debt to equity
3.50▲
2024 · 2.66
ROE
-7.4%▼
2024 · 18.4%
ROA
-1.6%▼
2024 · 5.0%
Interest coverage
6.13▼
2024 · 21.47
Debt ≤ 1 year
€44,416▲
2024 · €39,172
Debt > 1 year
€65,284▲
2024 · €50,640
Income taxes
€1,944▼
2024 · €2,703
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,889 | €4,193 | €4,317 | €3,182 | €20,612 | ▲ 548% |
| Other operating charges640/8 | - | €745 | €1,548 | €1,153 | €1,564 | ▲ 35.7% |
| Gross operating margin9900 | €9,575 | €43,756 | €15,705 | €13,853 | €25,724 | ▲ 85.7% |
| Operating profit (loss)9901 | €5,034 | €38,818 | €9,840 | €9,518 | €3,548 | ▼ 62.7% |
| Financial income75/76B | - | €476 | €17 | €3 | €7 | ▲ 133% |
| Recurring financial income75 | €20 | €476 | €17 | €3 | €7 | ▲ 133% |
| Financial charges65/66B | - | €208 | €275 | €592 | €3,939 | ▲ 566% |
| Recurring financial charges65 | €128 | €208 | €275 | €592 | €3,939 | ▲ 566% |
| Profit (loss) for the period before taxes9903 | €4,926 | €39,086 | €9,582 | €8,930 | -€384 | ▼ 104% |
| Income taxes67/77 | €2,524 | €5,124 | €3,413 | €2,703 | €1,944 | ▼ 28.1% |
| Profit (loss) for the period9904 | €2,402 | €33,962 | €6,169 | €6,226 | -€2,328 | ▼ 137% |
| Profit (loss) for the period to be appropriated9905 | €2,402 | €33,962 | €6,169 | €6,226 | -€2,328 | ▼ 137% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €31,582 | €56,689 | €48,020 | €123,571 | €141,376 | ▲ 14.4% |
| Fixed assets21/28 | €8,204 | €10,168 | €6,951 | €7,854 | €86,477 | ▲ 1,001% |
| Tangible fixed assets22/27 | €8,204 | €10,168 | €6,951 | €7,854 | €86,477 | ▲ 1,001% |
| Plant, machinery and equipment23 | - | €64 | €996 | €2,075 | €3,290 | ▲ 58.6% |
| Furniture and vehicles24 | - | €10,104 | €5,955 | €5,779 | €83,187 | ▲ 1,340% |
| Current assets29/58 | €23,378 | €46,521 | €41,069 | €115,717 | €54,899 | ▼ 52.6% |
| Amounts receivable within one year40/41 | €15,779 | €28,728 | €39,647 | €48,669 | €45,199 | ▼ 7.1% |
| Trade receivables40 | - | €10,924 | €36,025 | €45,272 | €40,764 | ▼ 10.0% |
| Other amounts receivable41 | - | €17,804 | €3,622 | €3,398 | €4,435 | ▲ 30.5% |
| Cash at bank and in hand54/58 | €7,211 | €17,236 | €574 | €66,189 | €7,593 | ▼ 88.5% |
| Deferred charges and accrued income490/1 | - | €557 | €848 | €859 | €2,107 | ▲ 145% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €31,582 | €56,689 | €48,020 | €123,571 | €141,376 | ▲ 14.4% |
| Equity10/15 | €7,402 | €21,364 | €27,533 | €33,759 | €31,431 | ▼ 6.9% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Capital10 | - | €5,000 | €5,000 | - | - | - |
| Issued capital100 | - | €5,000 | €5,000 | - | - | - |
| Outside capital11 | - | - | - | - | €5,000 | - |
| Other1109/19 | - | - | - | - | €5,000 | - |
| Reserves13 | €500 | €500 | €500 | €500 | €500 | = |
| Non-distributable reserves130/1 | - | €500 | €500 | €500 | €500 | = |
| Legal reserve130 | - | €500 | €500 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €500 | €500 | = |
| Profit (loss) carried forward14 | €1,902 | €15,864 | €22,033 | €28,259 | €25,931 | ▼ 8.2% |
| Amounts payable17/49 | €24,180 | €35,325 | €20,487 | €89,812 | €109,945 | ▲ 22.4% |
| Amounts payable after more than one year17 | - | - | - | €50,640 | €65,284 | ▲ 28.9% |
| Financial debts170/4 | - | - | - | €50,640 | €65,284 | ▲ 28.9% |
| Amounts payable within one year42/48 | €24,180 | €35,325 | €20,487 | €39,172 | €44,416 | ▲ 13.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €11,522 | €19,387 | ▲ 68.3% |
| Trade debts44 | €10,478 | €3,037 | €16,064 | €15,670 | €16,369 | ▲ 4.5% |
| Suppliers440/4 | - | €3,037 | €16,064 | €15,670 | €16,369 | ▲ 4.5% |
| Taxes, remuneration and social security45 | - | €12,288 | €3,413 | €7,317 | €8,660 | ▲ 18.4% |
| Taxes450/3 | - | €5,724 | €3,413 | €5,317 | €3,391 | ▼ 36.2% |
| Remuneration and social security454/9 | - | €6,564 | - | €2,000 | €5,269 | ▲ 163% |
| Other amounts payable47/48 | - | €20,000 | €1,010 | €4,664 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €245 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,402 | €33,962 | €6,169 | €6,226 | -€2,328 | ▼ 137% |
| + Depreciation and write-downs630 | €3,889 | €4,193 | €4,317 | €3,182 | €20,612 | ▲ 548% |
| Operating cash flow (approximation) | €6,291 | €38,155 | €10,486 | €9,409 | €18,284 | ▲ 94.3% |
| Investment in fixed assets (approximation) | - | -€6,157 | -€1,100 | -€4,085 | -€99,235 | ▼ 2,329% |
| Change in cash | - | €10,025 | -€16,662 | €65,615 | -€58,596 | ▼ 189% |
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
23-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet -€2,328
Net result drops to -€2,328, the lowest in the series.
14-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2021net €33,962 ▲1,314%
Operating result €38,818, net result €33,962, both a record.
17-01
NBB filing
Annual accounts filed
fiscal year 2021 · 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, Grimbergen · 1 establishment unit since 2020
Ground area
2,049 m²
Building footprint
662 m²
Volume, LiDAR
8,569 m³
2 parcels, Flanders, Wallonia · tallest building 22.0 m, ±5 floors. Linked by address, not a title deed.
206
companies at this address
See who is registered here
1 establishment unit
GREG CONSTRUCT
since 20202.303.108.117
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23084A0399/00M025 | Flanders | 1,424 m² | 1 · 561 m² | 22.0 m · 5 fl. |
| 55046B0208/00Z007 | Wallonia | 625 m² | 1 · 101 m² | 8.4 m · 2 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.
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,416. 5,711 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
Founded08-01-2020
Fiscal year end30-06
Activities, NACEBEL 2025
43990Other specialised construction activities
43310Plastering work
43331Floor and wall tiling
43341Painting of buildings
81220Other building cleaning and industrial cleaning
Scores and ratios are computed by Checked and are not a credit decision.