GT-CONSTRUCT

Active

Private limited company (pre-2019)founded 20179 yrs activeHerenthoutseweg(HRT) 153, 2200 Herentals, BelgiumKBO/BCE: BE 0676.994.573

Summary

GT-CONSTRUCT has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €171,480 and a net result of €40,996. Equity is growing by ~26.9% per year across the filed fiscal years. Its solvency ranks better than 26% of 1913 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

Risk analysis Watch Report Compare

GT-CONSTRUCTActiveChecked score 66/100

Risk analysis Report Compare

Checked score

Score 2025

66 / 100

Healthy

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability75▼-3

Solvency47▼-27

Growth78=

Track record100

Bankruptcy probability, 12 months

1.0% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €11,000 at 30 days acceptable

Liquidity tight (current ratio 1.33 against 3.12 in 2024; short-term debt: 47.6% and cash: 36.4% of total assets), and 77.5% of the assets are financed with debt.

Credit check for your own amount and term

Open the credit simulator : see how the verdict changes with amount, term and advance.

Signals

Four signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 25

Relative position

BE, all sectors

reference

Manufacture of fabricated metal products, except machinery and equipment (NACE 25)

about 50% more bankruptcies

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

22.5%

Return on assets

5.4%

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-04-2026, 109 days ahead of the deadline.

NBB · 9 filings

Deviation from the deadline

2025

109 d early

2024

43 d early

2023

34 d early

2022

77 d early

2021

31 d early

2020

59 d early

2019

63 d early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 59 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

27-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

On 20 June 2017, GT-CONSTRUCT was incorporated.¹ Total assets went from EUR 117,880 in 2018 to EUR 762,524 in 2025.²

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, micro schema

Source amounts without an identifiable currency are assumed to be EUR.

Equity

€171,480▼ 53.1%

2024 · €365,778

Total assets

€762,524▲ 1.9%

2024 · €747,973

Net result

€40,996▼ 26.9%

2024 · €56,050

Working capital

€120,802▼ 59.6%

2024 · €298,688

Trend over the years

Chart Table

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€81,596▲ 49.6%€79,392▼ 2.7%€68,081▼ 14.2%€73,199▲ 7.5%€57,057▼ 22.1%

Net result€61,208▲ 32.6%€59,313▼ 3.1%€49,315▼ 16.9%€56,050▲ 13.7%€40,996▼ 26.9%

Equity€206,300▲ 40.6%€264,013▲ 28.0%€311,728▲ 18.1%€365,778▲ 17.3%€171,480▼ 53.1%

Total assets€602,282▲ 14.0%€658,409▲ 9.3%€705,073▲ 7.1%€747,973▲ 6.1%€762,524▲ 1.9%

Debt€394,383▲ 3.3%€393,062▼ 0.3%€392,400▼ 0.2%€381,575▼ 2.8%€590,748▲ 54.8%

Working capital€130,476▲ 72.0%€187,551▲ 43.7%€234,036▲ 24.8%€298,688▲ 27.6%€120,802▼ 59.6%

Staff (FTE)

Turnover and EBIT margin not published: the micro schema does not require them.

Why a figure moved sharply

2025 Equity -53% on 2024. Cause not known from the registers.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 22% below 2024 and is the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €762,524

36.6%

63.4%

Fixed assets €278,833 ▼ 9.5%

Current assets €483,691 ▲ 10.0%

Equity and liabilities €762,524

22.5%

77.5%

Equity €171,480 ▼ 53.1%

Provisions €296 ▼ 52.3%

Debt €590,748 ▲ 54.8%

Debt's share of the balance-sheet total rises from 51.0% to 77.5%. Equity is lower and debt is higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€96,197▼

2024 · €118,675

Cash flow

€80,136▼

2024 · €101,527

Current ratio

1.33▼

2024 · 3.12

Quick ratio

1.27▼

2024 · 3.00

Debt to equity

3.45▲

2024 · 1.04

ROE

23.9%▲

2024 · 15.3%

ROA

5.4%▼

2024 · 7.5%

Interest coverage

15.69▼

2024 · 17.77

Debt ≤ 1 year

€362,889▲

2024 · €141,189

Debt > 1 year

€225,501▼

2024 · €237,769

Income taxes

€10,668▼

2024 · €14,174

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,677 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 97% are still going.

Small
5 to 10 years old
solvency 10 to 30%
a profit of 5% of the balance sheet or more

1.3% went bankrupt

1.2% stopped otherwise

97% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group	Expected	Actual
1	0.2%	0.2%
2	0.3%	0.4%
3	0.5%	0.5%
4	0.6%	0.7%
5	0.8%	0.9%
6	1.2%	1.3%
7	1.5%	1.6%
8	1.7%	1.7%
9	2.7%	2.8%
10	5.3%	5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,677 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

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 59 lines

Balance sheet Code20242025

Assets

Total assets20/58€747,973€762,524▲

Fixed assets21/28€308,096€278,833▼

Tangible fixed assets22/27€307,996€278,733▼

Land and buildings22€253,434€241,448▼

Plant, machinery and equipment23€29,382€13,588▼

Furniture and vehicles24€24,038€23,131▼

Other tangible fixed assets26€1,141€566▼

Financial fixed assets28€100€100=

Current assets29/58€439,878€483,691▲

Stocks and contracts in progress3€16,233€23,269▲

Stocks30/36€8,743€3,906▼

Contracts in progress37€7,490€19,364▲

Amounts receivable within one year40/41€85,753€181,194▲

Trade receivables40€72,552€58,160▼

Other amounts receivable41€13,201€123,033▲

Cash at bank and in hand54/58€335,937€277,338▼

Deferred charges and accrued income490/1€1,955€1,891▼

Equity and liabilities

Total equity and liabilities10/49€747,973€762,524▲

Equity10/15€365,778€171,480▼

Contributions10/11€18,600€18,600=

Reserves13€347,178€152,880▼

Non-distributable reserves130/1€1,860€1,860=

Reserves not available under the articles1311€1,860€1,860=

Tax-exempt reserves132€13,770€12,472▼

Distributable reserves133€331,548€138,547▼

Provisions and deferred taxes16€620€296▼

Deferred taxes168€620€296▼

Amounts payable17/49€381,575€590,748▲

Amounts payable after more than one year17€237,769€225,501▼

Financial debts170/4€237,769€225,501▼

Amounts payable within one year42/48€141,189€362,889▲

Current portion of amounts payable after more than one year42€19,667€12,268▼

Trade debts44€65,917€47,206▼

Suppliers440/4€65,917€47,206▼

Taxes, remuneration and social security45-€3,882

Taxes450/3-€3,882

Other amounts payable47/48€55,606€299,533▲

Accrued charges and deferred income492/3€2,617€2,358▼

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45,477€39,140▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€310-

Other operating charges640/8€3,561€3,282▼

Gross operating margin9900€121,927€99,480▼

Operating profit (loss)9901€73,199€57,057▼

Financial income75/76B€3,380€414▼

Recurring financial income75€3,380€414▼

Financial charges65/66B€6,678€6,132▼

Recurring financial charges65€6,678€6,132▼

Profit (loss) for the period before taxes9903€69,900€51,340▼

Transfer from deferred taxes780€324€324=

Income taxes67/77€14,174€10,668▼

Profit (loss) for the period9904€56,050€40,996▼

Transfer from tax-exempt reserves789€1,297€1,297=

Profit (loss) for the period to be appropriated9905€57,348€42,293▼

Appropriation of the result

Profit (loss) to be appropriated9906€57,348€42,293▼

Transfer from equity791/2-€193,001

Transfer to equity691/2€55,348-

To other reserves6921€55,348-

Profit to be distributed694/7€2,000€235,294▲

Return on contributions (dividend)694€2,000€235,294▲

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Non-recurring operating income76A	€8,109	-	-	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€31,928	€36,954	€40,697	€45,477	€39,140	▼ 13.9%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4	-	€5,783	-€2,810	-€310	-	-
Other operating charges640/8	€1,158	€2,626	€5,670	€3,561	€3,282	▼ 7.8%
Non-recurring operating charges66A	€2,480	-	-	-	-	-
Gross operating margin9900	€117,162	€124,755	€111,638	€121,927	€99,480	▼ 18.4%
Operating profit (loss)9901	€81,596	€79,392	€68,081	€73,199	€57,057	▼ 22.1%
Financial income75/76B	€1	€109	€21	€3,380	€414	▼ 87.7%
Recurring financial income75	€1	€109	€21	€3,380	€414	▼ 87.7%
Financial charges65/66B	€5,605	€6,238	€6,598	€6,678	€6,132	▼ 8.2%
Recurring financial charges65	€5,605	€6,238	€6,598	€6,678	€6,132	▼ 8.2%
Profit (loss) for the period before taxes9903	€75,991	€73,263	€61,504	€69,900	€51,340	▼ 26.6%
Transfer from deferred taxes780	€23	€265	€389	€324	€324	=
Transfer to deferred taxes680	€1,622	-	-	-	-	-
Income taxes67/77	€13,184	€14,215	€12,578	€14,174	€10,668	▼ 24.7%
Profit (loss) for the period9904	€61,208	€59,313	€49,315	€56,050	€40,996	▼ 26.9%
Transfer from tax-exempt reserves789	€114	€1,297	€1,297	€1,297	€1,297	=
Transfer to tax-exempt reserves689	€6,487	-	-	-	-	-
Profit (loss) for the period to be appropriated9905	€54,835	€60,610	€50,612	€57,348	€42,293	▼ 26.3%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€602,282	€658,409	€705,073	€747,973	€762,524	▲ 1.9%
Fixed assets21/28	€380,131	€359,099	€338,411	€308,096	€278,833	▼ 9.5%
Tangible fixed assets22/27	€380,031	€358,999	€338,311	€307,996	€278,733	▼ 9.5%
Land and buildings22	€299,378	€286,260	€269,716	€253,434	€241,448	▼ 4.7%
Plant, machinery and equipment23	€42,478	€44,370	€33,532	€29,382	€13,588	▼ 53.8%
Furniture and vehicles24	€33,272	€26,245	€33,633	€24,038	€23,131	▼ 3.8%
Other tangible fixed assets26	€4,903	€2,124	€1,430	€1,141	€566	▼ 50.4%
Financial fixed assets28	€100	€100	€100	€100	€100	=
Current assets29/58	€222,151	€299,310	€366,662	€439,878	€483,691	▲ 10.0%
Stocks and contracts in progress3	€17,018	€12,356	€26,144	€16,233	€23,269	▲ 43.3%
Stocks30/36	€7,845	€6,155	€7,355	€8,743	€3,906	▼ 55.3%
Contracts in progress37	€9,173	€6,201	€18,789	€7,490	€19,364	▲ 159%
Amounts receivable within one year40/41	€75,848	€34,735	€34,754	€85,753	€181,194	▲ 111%
Trade receivables40	€72,856	€23,660	€24,462	€72,552	€58,160	▼ 19.8%
Other amounts receivable41	€2,991	€11,075	€10,292	€13,201	€123,033	▲ 832%
Cash at bank and in hand54/58	€127,415	€250,432	€303,635	€335,937	€277,338	▼ 17.4%
Deferred charges and accrued income490/1	€1,870	€1,787	€2,129	€1,955	€1,891	▼ 3.3%
Equity and liabilities
Total equity and liabilities10/49	€602,282	€658,409	€705,073	€747,973	€762,524	▲ 1.9%
Equity10/15	€206,300	€264,013	€311,728	€365,778	€171,480	▼ 53.1%
Contributions10/11	€18,600	€18,600	€18,600	€18,600	€18,600	=
Reserves13	€187,700	€245,413	€293,128	€347,178	€152,880	▼ 56.0%
Non-distributable reserves130/1	€1,860	€1,860	€1,860	€1,860	€1,860	=
Reserves not available under the articles1311	€1,860	€1,860	€1,860	€1,860	€1,860	=
Tax-exempt reserves132	€17,662	€16,365	€15,067	€13,770	€12,472	▼ 9.4%
Distributable reserves133	€168,178	€227,188	€276,201	€331,548	€138,547	▼ 58.2%
Provisions and deferred taxes16	€1,599	€1,334	€945	€620	€296	▼ 52.3%
Deferred taxes168	€1,599	€1,334	€945	€620	€296	▼ 52.3%
Amounts payable17/49	€394,383	€393,062	€392,400	€381,575	€590,748	▲ 54.8%
Amounts payable after more than one year17	€301,322	€279,531	€257,436	€237,769	€225,501	▼ 5.2%
Financial debts170/4	€301,322	€279,531	€257,436	€237,769	€225,501	▼ 5.2%
Amounts payable within one year42/48	€91,675	€111,758	€132,625	€141,189	€362,889	▲ 157%
Current portion of amounts payable after more than one year42	€21,398	€21,791	€22,101	€19,667	€12,268	▼ 37.6%
Trade debts44	€25,766	€33,131	€47,413	€65,917	€47,206	▼ 28.4%
Suppliers440/4	€25,766	€32,881	€47,163	€65,917	€47,206	▼ 28.4%
Bills of exchange payable441	-	€250	€250	-	-	-
Taxes, remuneration and social security45	€3,248	€3,184	€1,143	-	€3,882	-
Taxes450/3	€3,248	€3,184	€1,143	-	€3,882	-
Other amounts payable47/48	€41,263	€53,653	€61,968	€55,606	€299,533	▲ 439%
Accrued charges and deferred income492/3	€1,386	€1,773	€2,339	€2,617	€2,358	▼ 9.9%

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€61,208	€59,313	€49,315	€56,050	€40,996	▼ 26.9%
+ Depreciation and write-downs630	€31,928	€36,954	€40,697	€45,477	€39,140	▼ 13.9%
Operating cash flow (approximation)	€93,137	€96,266	€90,012	€101,527	€80,136	▼ 21.1%
Investment in fixed assets (approximation)	-	-€15,922	-€20,009	-€15,162	-€9,877	▲ 34.9%
Change in cash	-	€123,017	€53,202	€32,302	-€58,599	▼ 281%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 12Financial 3Filings 9

Next filing, fiscal year 2026, expected by 31-07-2027

2026

13-04

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

18-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

27-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

15-05

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

30-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Highest result since 2018net €61,208 ▲32.6%

Operating result €81,596, net result €61,208, both a record.

31-12

Financial Equity above €200,000Eq €206,300 ▲40.6%

4 profitable years in a row build equity to €206,300.

02-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

29-05

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

31-12

Financial Equity above €100,000Eq €102,119 ▲67%

2 profitable years in a row build equity to €102,119.

06-06

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

16-06

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 1 act read

About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

1 act for this company is 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, Herentals · 2 establishment units since 2017

seat establishment All 2 establishment units on the map

Ground area

5,963 m²

Building footprint

2,915 m²

Volume, LiDAR

15,989 m³

2 parcels, Flanders · tallest building 61.7 m, ±2 floors. Linked by address, not a title deed.

2 establishment units

GT-CONSTRUCT

Herenthoutseweg(HRT) 153, 2200 HerentalsManufacture of other builders' carpentry and joinery

since 20172.265.547.440

GT-CONSTRUCT

Vennen(HRT) 38, 2200 HerentalsManufacture of other builders' carpentry and joinery

since 20192.297.108.171

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13302D0721/00G000	Flanders	4,893 m²	1 · 2,713 m²	61.7 m · 2 fl.
13302D0856/00L000	Flanders	1,070 m²	1 · 202 m²	9.2 m · 1 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 3,462 companies in sector 25530 we hold annual accounts for 1,655. 1,328 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 (pre-2019)

Founded20-06-2017

Fiscal year end31-12

Activities, NACEBEL 2025

25530Machining of metals

43320Joinery installation

Contact

Website www.gt-construct.beHerentals

E-mail info@gt-construct.beHerentals

Phone 0479855023Herentals

E-invoicing

Reachable via Peppol

Peppol ID 0208:0676994573

Also 9925:BE0676994573

Registered 02-05-2024

Scores and ratios are computed by Checked and are not a credit decision.