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GT-CONSTRUCT

Active Private limited company (pre-2019)founded 2017active for 9 yearsHerenthoutseweg 153, 2200 HerentalsKBO/BCE: BE 0676.994.573

Lifetime

9 annual accounts with figures on one time axis
peak €124,755 (2022)
€99,480▼ 18.4%
peak €61,208 (2021)
€40,996▼ 26.9%
peak €365,778 (2024)
€171,480▼ 53.1%
€590,748▲ 54.8%
peak 1 FTE (2020)
-not published
Board1 name since 2017
1 director
Documentsfilings and deeds
13-04-2026109 days before the deadline
2025micro format
Gross margin from €121,927 to €99,480Result from €56,050 to €40,996Dividend €235,294Equity from €365,778 to €171,480Debts from €381,575 to €590,748

Key points

from the 2025 annual accounts

Equity

€171,480 ▼ 53.1%
365,7782024+40,996Profit-235,294Dividend171,4802025

GT-CONSTRUCT paid out €235,294 in dividends. That is 574% of the 2025 profit.

Turnover

≈ €290,000 estimated

The micro format states no turnover.

Debts

€590,748 77% of the balance sheet
Financial debts 38%Suppliers 8%Taxes and wages 1%Other 53%

Of this, €362,889 falls due within a year.

Liquidity

1.33 was 3.12 in 2024

Short-term debts rose from €141,189 to €362,889.

Filings

9 annual accounts since 2017
AprilJune31 JulyOctober20202025

The last five annual accounts were filed 31 to 109 days before the end of the period.

Position in the sector

€762,524

Larger balance sheet than 88% of companies in fabricated metal products. Sector median €193,605 · 2,514 companies.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 2,684 companies had the same profile as GT-CONSTRUCT has now. Each dot stands for 7 companies, two years later.

97.2%
were still trading
1.3%
stopped another way
1.3%
went bankrupt
  • Small
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,762 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 2.9% 3.1%
10 5.6% 6.1%

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 2,684 companies, not a prediction for GT-CONSTRUCT. 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

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Manager, since 20-06-2017
  • 100 sharesdeed of 23-06-2017
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0676994573
New establishment in Herentals Vennen 38
Incorporation Founding capital of €18,600, 100 shares · Founder: · Appointment: (manager) · published on 23-06-2017 · Gazette deed
First establishment Herenthoutseweg 153, Herentals
All 16 events

Comparable companies

same main activity, similar in size and age
Company
GT-CONSTRUCT Herentals €762,524 €99,480 22.5% -
CONSIBIS Antwerp €715,521 €98,681 17.0% -
REGAFLEX Zottegem €763,387 €104,278 38.6% -
Metal Projects Tielt €647,777 €78,598 6.5% -
HVP Ravels €533,755 €140,440 38.6% -
WNP Halen €774,023 €111,955 39.4% -
Forge d'Ephaistos Theux €620,363 €94,875 29.6% 1

These companies have the same main activity as GT-CONSTRUCT: machining of metals (NACE 25530). They are comparable in size and age: total assets between €534,000 and €774,000, founded between 2014 and 2018.

Official details

Source: KBO
Status
Active since 20-06-2017Normal situation
Activity
Machining of metalsNACE 25530and 1 other
Establishment units
2.265.547.4402200 Herentals, since 20-06-2017
2.297.108.1712200 Herentals, since 11-12-2019
Financial year end
31 December
Peppol
Reachable since 02-05-2024
Company details

Annual accounts 2025

€762,524▲ 1.9%
Filing
Filed on 13-04-2026, 109 days before the end of the filing period
Financials

Insights on GT-CONSTRUCT

GT-CONSTRUCT files the micro format. That format states no turnover. The gross margin rose from €28,049 in 2017 to €99,480 in 2025.

The balance sheet grew most from 2019 to 2021 through fixed assets, financed with long-term debt.

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 GT-CONSTRUCT

What is the company number of GT-CONSTRUCT?
The company number of GT-CONSTRUCT is 0676.994.573. The VAT number is the same number with BE in front: BE 0676.994.573.
Where is GT-CONSTRUCT based?
The registered office is at Herenthoutseweg 153, 2200 Herentals.Company details
What does GT-CONSTRUCT do?
According to the KBO register, the main activity is machining of metals (NACE 25530).
What is the legal form of GT-CONSTRUCT?
GT-CONSTRUCT is a private limited company (pre-2019) (BVBA).
When was GT-CONSTRUCT founded?
GT-CONSTRUCT was founded on 20-06-2017.
Is GT-CONSTRUCT still active?
Yes, GT-CONSTRUCT is an active enterprise in the KBO register.
How many employees does GT-CONSTRUCT have?
GT-CONSTRUCT had an average of 1 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
What is the turnover of GT-CONSTRUCT?
The turnover in financial year 2025 is ≈ €290,000. This figure is estimated from the gross margin of €99,480 and 2,981 comparable companies of the same size. It probably lies between €190,000 and €510,000. It is a rough estimate.
Is GT-CONSTRUCT profitable?
In financial year 2025, GT-CONSTRUCT made a profit of €40,996.
Where can I find the annual accounts of GT-CONSTRUCT?
GT-CONSTRUCT filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of GT-CONSTRUCT due?
GT-CONSTRUCT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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