GSB CONSTRUCT
Annual accounts 2025
micro format, filed on 20-10-2025, 11 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €330,000. Estimated: probably between €220,000 and €590,000.
Balance sheet
balance sheet total €82,923 on 31-03-2025in euro
in euro
Position in the sector
66.1%
Higher than 71% of 35,125 companies in 2025.
2.85
Higher than 69% of 34,499 companies in 2025.
5.2%
Higher than 44% of 34,700 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff
€32,449
Staff costs divided by the average number of full-time equivalents.
+1 person
In 2025, 1 person joined and nobody left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
82,923 | 91,626 | 56,820 | 99,005 | 179,721 | 30,638 | 50,395 | 47,241 | 14,078 | |
21/28 |
3,518 | 4,754 | 4,493 | 822 | 719 | 567 | 3,418 | 5,220 | 1,116 | |
22/27 |
3,219 | 4,754 | 4,493 | 822 | 719 | 567 | 3,418 | 5,220 | 1,116 | |
23 |
1,664 | 1,929 | 2,482 | 440 | 719 | 567 | 967 | - | - | |
24 |
1,555 | 2,826 | 2,011 | 382 | - | - | 2,451 | 5,220 | 1,116 | |
28 |
299 | - | - | - | - | - | - | - | - | |
29/58 |
79,405 | 86,871 | 52,327 | 98,183 | 179,002 | 30,071 | 46,977 | 42,021 | 12,962 | |
40/41 |
72,798 | 37,969 | 47,125 | 37,838 | 165,618 | 15,764 | 41,540 | 41,307 | 12,946 | |
40 |
61,329 | 31,212 | 37,463 | 37,838 | 163,264 | 7,181 | 28,921 | 27,694 | 5,719 | |
41 |
11,469 | 6,757 | 9,663 | - | 2,354 | 8,583 | 12,619 | 13,613 | 7,227 | |
54/58 |
3,977 | 46,208 | 4,540 | 59,793 | 13,383 | 14,307 | 4,768 | 714 | 16 | |
490/1 |
2,630 | 2,694 | 662 | 552 | - | - | 669 | - | - | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
82,923 | 91,626 | 56,820 | 99,005 | 179,721 | 30,638 | 50,395 | 47,241 | 14,078 | |
10/15 |
54,793 | 63,286 | 53,140 | 52,974 | 37,078 | 21,082 | 25,414 | 19,284 | 11,708 | |
10/11 |
5,460 | 10,460 | 18,600 | 18,600 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
21,307 | 17,000 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | - | 1,860 | 1,860 | 1,860 | - | - | - | - | |
130 |
- | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | 1,860 | 1,860 | 1,860 | - | - | - | - | |
133 |
21,307 | 17,000 | - | - | - | - | - | - | - | |
14 |
28,026 | 35,826 | 32,680 | 32,514 | 29,018 | 13,022 | 17,354 | 11,224 | 3,648 | |
17/49 |
28,130 | 28,339 | 3,679 | 46,031 | 142,643 | 9,556 | 24,981 | 27,957 | 2,370 | |
42/48 |
27,830 | 28,339 | 3,679 | 46,031 | 142,643 | 9,556 | 24,981 | 27,957 | 2,370 | |
44 |
6,141 | 27,204 | - | 38,978 | 136,618 | 7,826 | 17,650 | 23,315 | 377 | |
440/4 |
6,141 | 27,204 | - | 38,978 | 136,618 | 7,826 | 17,650 | 23,315 | 377 | |
45 |
15,689 | 1,135 | 3,679 | 6,832 | 6,025 | 1,730 | 7,331 | 4,642 | 1,993 | |
450/3 |
12,900 | 1,135 | 3,679 | 4,832 | 5,993 | - | 4,739 | 4,642 | 1,993 | |
454/9 |
2,789 | - | - | 2,000 | 32 | 1,730 | 2,592 | - | - | |
47/48 |
6,000 | - | - | 221 | - | - | - | - | - | |
492/3 |
300 | - | - | - | - | - | - | - | - | |
| Income statement | ||||||||||
9900 |
38,250 | 40,115 | 7,033 | 6,383 | 23,080 | 19,245 | 20,628 | 12,818 | 7,977 | |
62 |
12,980 | - | - | - | 1,369 | 19,439 | 8,730 | 146 | 162 | |
630 |
1,846 | 1,456 | 596 | 454 | 409 | 2,851 | 3,001 | 2,769 | 319 | |
640/8 |
3,062 | 7,392 | 2,925 | 1,333 | 761 | 1,169 | 1,538 | 255 | 110 | |
9901 |
20,363 | 31,267 | 3,511 | 4,596 | 20,541 | -4,214 | 7,359 | 9,648 | 7,386 | |
75/76B |
631 | 273 | 64 | 56 | 1 | 978 | 1,049 | 805 | 256 | |
75 |
631 | 273 | 64 | 56 | 1 | 978 | 1,049 | 805 | 256 | |
65/66B |
8,542 | 5,414 | 3,081 | 577 | 389 | 844 | 187 | 228 | 141 | |
65 |
8,542 | 5,414 | 3,081 | 577 | 389 | 844 | 187 | 228 | 141 | |
9903 |
12,451 | 26,126 | 495 | 4,076 | 20,154 | -4,080 | 8,221 | 10,225 | 7,501 | |
67/77 |
8,144 | 5,980 | 329 | 580 | 4,158 | 252 | 2,091 | 2,649 | 1,993 | |
9904 |
4,307 | 20,146 | 167 | 3,496 | 15,996 | -4,332 | 6,130 | 7,576 | 5,508 | |
9905 |
4,307 | 20,146 | 167 | 3,496 | 15,996 | -4,332 | 6,130 | 7,576 | 5,508 | |
| Appropriation of the result | ||||||||||
9906 |
40,133 | 52,826 | 32,680 | 32,514 | 29,018 | 13,022 | 17,354 | 11,224 | 5,508 | |
14P |
35,826 | 32,680 | 32,514 | 29,018 | - | - | - | - | - | |
791/2 |
- | - | - | - | 0 | - | - | - | - | |
691/2 |
4,307 | 17,000 | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | 1,860 | |
6921 |
4,307 | 17,000 | - | - | - | - | - | - | - | |
694/7 |
7,800 | - | - | - | - | - | - | - | - | |
694 |
7,800 | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||
9087 |
0.4 | - | - | - | - | 1 | - | - | - | |
Hours worked1013 |
464 | - | - | - | - | 824 | - | - | - | |
| Document | ||||||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 20-10-2025.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2025 | micro format | 20-10-2025 | 2025-00545520 | |
| 31-03-2024 | micro format | 25-10-2024 | 2024-00514447 | |
| 31-03-2023 | micro format | 30-10-2023 | 2023-00496996 | |
| 31-03-2022 | micro format | 07-11-2022 | 2022-20515070 | |
| 31-03-2021 | micro format | 03-11-2021 | 2021-75700236 | |
| 31-03-2020 | micro format | 29-10-2020 | 2020-66400365 | |
| 31-03-2019 | micro format | 04-10-2019 | 2019-68700221 | |
| 31-03-2018 | micro format | 18-10-2018 | 2018-69600217 | |
| 31-03-2017 | full format | 26-01-2018 | 2018-02500450 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| 22,209 | 32,723 | 4,108 | 5,050 | 20,950 | -1,363 | 10,360 | 12,417 | 7,705 | ||
| 6,153 | 21,602 | 763 | 3,950 | 16,404 | -1,481 | 9,131 | 10,345 | 5,827 | ||
| 609 | 1,717 | 4,267 | 557 | 561 | 0 | 1,199 | 6,874 | 1,435 | ||
| -42,231 | 41,668 | -55,253 | 46,410 | -924 | 9,539 | 4,054 | 698 | - | ||
| 51,575 | 58,532 | 48,647 | 52,152 | 36,359 | 20,515 | 21,996 | 14,064 | 10,592 | ||
| 66.1% | 69.1% | 93.5% | 53.5% | 20.6% | 68.8% | 50.4% | 40.8% | 83.2% | ||
| 2.85 | 3.07 | 14.22 | 2.13 | 1.25 | 3.15 | 1.88 | 1.50 | 5.47 | ||
| 0.51 | 0.45 | 0.07 | 0.87 | 3.85 | 0.45 | 0.98 | 1.45 | 0.20 | ||
| 7.9% | 31.8% | 0.3% | 6.6% | 43.1% | -20.5% | 24.1% | 39.3% | 47.0% | ||
| 5.2% | 22.0% | 0.3% | 3.5% | 8.9% | -14.1% | 12.2% | 16.0% | 39.1% | ||
| 2.60 | 6.04 | 1.33 | 8.75 | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-03-2025 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 1 |
| in full-time equivalents | 1 |
| 0.4 | |
| On a permanent contract | 1 |
| Joined | 1 |
| Left | 0 |
Source: social balance sheet in the 2025 annual accounts
Investments
fixed assets acquired| Item | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €310 | €1,717 | €4,267 | €557 |
| Financial fixed assets | €299 | - | - | - |
| €1,846 | €1,456 | €596 | €454 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on GSB CONSTRUCT
The operating result for 2025 is 35% lower than in 2024.
Debt's share of the balance-sheet total rises from 30.9% to 33.9%. Equity and debt are lower.