Equity
€30,732 ▲ 19.7%
GS DECOR has made a profit without a break since 2022.
GS DECOR
Lifetime
8 annual accounts with figures on one time axispeak €19,596 (2018)
€7,865▼ 39.6%
lowest -€9,164 (2019)
€5,051▼ 45.9%
peak €30,732 (2025)
€30,732▲ 19.7%
€22,520▼ 16.2%
Board2 names since 2018
1 directorPIRES DA CUNHA Sebastião
Documentsfilings and deeds
22-07-20269 days before the deadline
2025micro format
Gross margin from €13,022 to €7,865Result from €9,333 to €5,051Equity from €25,681 to €30,732Debts from €26,863 to €22,520Cash from €23,081 to €33,104
Key points
from the 2025 annual accountsChecked score
88
Excellent
Financially stronger than 59% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.3%
01-2025: 1.3%● unchanged vs 12-2024
02-2025: 1.3%● unchanged vs 01-2025
03-2025: 1.3%● unchanged vs 02-2025
04-2025: 1.4%▲ +0.1 percentage points vs 03-2025
05-2025: 1.3%▼ -0.1 percentage points vs 04-2025
06-2025: 1.3%● unchanged vs 05-2025
07-2025: 1.3%● unchanged vs 06-2025
08-2025: 1.9%▲ +0.6 percentage points vs 07-2025
09-2025: 2.1%▲ +0.2 percentage points vs 08-2025highest value
10-2025: 0.7%▼ -1.4 percentage points vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.6%▼ -0.1 percentage points vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.5%▼ -0.1 percentage points vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.3%▼ -0.2 percentage points vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026lowest value
10-2026: 0.3%● unchanged vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
1 of the last 3 accounts late
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 2.36, cash €33,104
Equity €30,732 (57.7% of total assets)
Calculation
The band follows from the bankruptcy probability. 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). It does better than 63% of them on solvency, 78% on liquidity, 29% on profitability and 67% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as GS DECOR has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of GS DECOR itself is lower: 0.3% within 12 months. It rests on far more data about GS DECOR than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for GS DECOR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.36 (2.65 in 2024), above the usual 1.5. Short-term debt is 42.3% and cash 62.2% of total assets. 42.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
9 days early
2024
29 days late
2023
85 days late
2022
39 days late
2021
38 days late
2020
5 days late
2019
17 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 24 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 7 September (4 of the last 5 accounts filed within 47 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0694874049
Change of role: PIRES DA CUNHA Sebastião, from manager to director
General meeting of 22-11-2023 · Gazette deed
Resignation: da Silva Dias Fernando Manuel (manager)
General meeting of 31-03-2019 · Gazette deed
Incorporation
published on 20-04-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GS DECOR Schaerbeek | - | - | 57.7% | - |
| HZ CONSTRUCT Uccle | €114,317 | 6.2% | 90.0% | - |
| AICOM SOLUTIONS Brussels | - | - | 39.4% | - |
| Bati Eddermed Forest | €13,093 | 83.6% | 87.4% | - |
| ADRO Maldegem | - | - | 81.8% | - |
| JEVAMO Beveren-Kruibeke-Zwijndrecht | - | - | 78.0% | - |
| Eskon Lokeren | - | - | 27.2% | - |
These companies have the same main activity as GS DECOR: site preparation (NACE 43120). They are comparable in size and age: total assets between €36,100 and €69,400, founded between 2017 and 2020.
Official details
Source: KBO- Status
- Active since 18-04-2018Normal situation
- Activity
- Site preparationNACE 43120and 5 others
- Establishment unit
- 2.275.279.6091030 Schaerbeek, since 18-04-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 02-01-2026
Annual accounts 2025
- €53,251▲ 1.3%
- Filing
- Filed on 22-07-2026, 9 days before the end of the filing period
Insights on GS DECOR
GS DECOR files the micro format. That format states no turnover. The gross margin fell from €19,596 in 2018 to €7,865 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GS DECOR
- What is the company number of GS DECOR?
- The company number of GS DECOR is 0694.874.049. The VAT number is the same number with BE in front: BE 0694.874.049.
- Where is GS DECOR based?
- The registered office is at Chazallaan 151, 1030 Schaerbeek.Company details
- What does GS DECOR do?
- According to the KBO register, the main activity is site preparation (NACE 43120).
- What is the legal form of GS DECOR?
- GS DECOR is a private limited company (BV).
- When was GS DECOR founded?
- GS DECOR was founded on 18-04-2018.
- Is GS DECOR still active?
- Yes, GS DECOR is an active enterprise in the KBO register.
- What is the turnover of GS DECOR?
- The turnover in financial year 2025 is ≈ €78,000. This figure is estimated from the gross margin of €7,865 and 31 comparable companies (NACE 43120). It probably lies between €35,000 and €110,000. It is a rough estimate.Financials
- Is GS DECOR profitable?
- In financial year 2025, GS DECOR made a profit of €5,051.
- Where can I find the annual accounts of GS DECOR?
- GS DECOR filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GS DECOR due?
- GS DECOR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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