Summary
GTE CONSTRUCT has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €6.9m and a net result of -€133,416. Equity remains stable across the filed financial years (±0.2% per year). Its solvency ranks better than 64% of 1,152 sector peers (NACE 82, financial year 2025). The company has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, full format
2025 annual accounts filed late (61 days) Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00544937.
Turnover
€260,300▲ 2.9%
2024 · €252,946
EBIT margin
-8.2%▼ 14.1pp
2024 · 5.9%
Net result
-€133,416▼ 130%
2024 · -€58,010
Working capital
€510,663▼ 2.3%
2024 · €522,481
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €21,393 after €14,830 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€0.3m
2025
Operating result-€0.02m
2025
Net result-€0.1m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€11.0m
2025
Equity€6.9m
2025
Debt€4.1m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.5m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin-8.2%
2025
Return on assets (ROA)-1.2%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency62.5%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.37
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)0.3
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 82, Office administrative, office support and other business support activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€0.3m-€0.3m▲ 4.0%€0.3m▼ 3.8%€0.3m▲ 4.0%€0.4m▲ 63.5%€0.3m€0.3m▲ 2.9%
Operating result€0.04m-€0.04m▼ 17.9%€0.002m▼ 95.6%-€0.05m€0.06m€0.1m▲ 90.7%€0.01m▼ 87.9%-€0.02m
Net result€2.2m-€0.1m▼ 95.2%€0.02mwithin the sector's middle half▼ 76.6%-€0.07mbelow the sector's middle half€0.01mwithin the sector's middle half€0.02mwithin the sector's middle half▲ 59.7%-€0.06mbelow the sector's middle half-€0.1mbelow the sector's middle half▼ 130%
EBIT margin17.1%-13.5%▼ 3.6pp0.6%▼ 12.9pp-17.6%▼ 18.3pp15.1%▲ 32.8pp5.9%-8.2%▼ 14.1pp
Equity€7.0m-€7.1m▲ 1.5%€7.1mabove the sector's middle half▲ 0.3%€7.0mabove the sector's middle half▼ 0.9%€7.1mabove the sector's middle half▲ 0.2%€7.1mabove the sector's middle half▲ 0.3%€7.0mabove the sector's middle half▼ 0.8%€6.9mabove the sector's middle half▼ 1.9%
Total assets€8.3m-€12.0m▲ 43.8%€11.7mabove the sector's middle half▼ 2.6%€9.7mabove the sector's middle half▼ 17.3%€9.7mabove the sector's middle half▲ 0.4%€9.7mabove the sector's middle half▲ 0.1%€10.6mabove the sector's middle half▲ 9.2%€11.0mabove the sector's middle half▲ 4.0%
Debt€1.4m-€4.9m▲ 262%€4.6m▼ 6.8%€2.6m▼ 42.8%€2.6m▲ 0.8%€2.6m▼ 0.6%€3.6m▲ 36.3%€4.1m▲ 15.7%
Working capital€2.6m-€2.8m▲ 4.8%€5.0mabove the sector's middle half▲ 83.2%€2.8mabove the sector's middle half▼ 44.4%€0.5mwithin the sector's middle half▼ 83.9%€0.6mabove the sector's middle half▲ 30.3%€0.5mwithin the sector's middle half▼ 11.3%€0.5mwithin the sector's middle half▼ 2.3%
Solvency83.7%-59.1%▼ 24.6pp60.9%within the sector's middle half▲ 1.8pp72.9%above the sector's middle half▲ 12.1pp72.8%above the sector's middle half▼ 0.1pp73.0%above the sector's middle half▲ 0.2pp66.3%within the sector's middle half▼ 6.7pp62.5%within the sector's middle half▼ 3.8pp
Current ratio2.96-1.56▼ 1.3928.31above the sector's middle half▲ 26.7510.66above the sector's middle half▼ 17.651.39within the sector's middle half▼ 9.271.54within the sector's middle half▲ 0.151.56within the sector's middle half▲ 0.021.37within the sector's middle half▼ 0.19
Return on assets (ROA)25.9%-0.9%▼ 25.0pp0.2%within the sector's middle half▼ 0.7pp-0.7%below the sector's middle half▼ 0.9pp0.2%within the sector's middle half▲ 0.8pp0.2%within the sector's middle half▲ 0.1pp-0.5%below the sector's middle half▼ 0.8pp-1.2%below the sector's middle half▼ 0.7pp
Staff (FTE)0below the sector's middle half0.3below the sector's middle half
above
within
below
the middle half of NACE 82, Office administrative, office support and other business support activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.0m
Fixed assets
€9.1m =
Current assets
€1.9m ▲ 29.5%
Equity and liabilities €11.0m
Equity
€6.9m ▼ 1.9%
Debt
€4.1m ▲ 15.7%
Debt's share of the balance-sheet total rises from 33.7% to 37.5%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-1.9%▼
2024 · -0.8%
Debt ≤ 1 year
€1.4m▲
2024 · €931,893
Debt > 1 year
€2.7m▲
2024 · €2.6m
Income taxes
€9,657▲
2024 · €1,095
Staff costs
€17,303
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €0.3m | €0.5m | - | €0.3m | €0.7m | ▲ 152% |
| Turnover70 | €0.3m | €0.3m | €0.3m | €0.3m | €0.4m | - | €0.3m | €0.3m | ▲ 2.9% |
| Other operating income74 | - | - | - | €0.02m | €0.04m | - | €0.01m | €0.4m | ▲ 4,312% |
| Non-recurring operating income76A | - | - | - | - | - | - | €0.01m | €0 | ▼ 100% |
| Operating charges60/66A | - | - | - | €0.3m | €0.4m | - | €0.3m | €0.7m | ▲ 174% |
| Services and other goods61 | - | - | - | €0.3m | €0.3m | - | €0.2m | €0.7m | ▲ 209% |
| Remuneration, social security and pensions62 | - | - | - | - | - | - | - | €0.02m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €432 | €432 | €0.009m | €0.03m | €0.08m | €0.07m | €0.05m | €0.05m | ▼ 0.2% |
| Other operating charges640/8 | - | - | - | €0.003m | €0.001m | €0.002m | €0.003m | €0.002m | ▼ 32.3% |
| Gross operating margin9900 | - | - | - | - | - | €0.2m | - | - | - |
| Operating profit (loss)9901 | €0.04m | €0.04m | €0.002m | -€0.05m | €0.06m | €0.1m | €0.01m | -€0.02m | - |
| Financial income75/76B | - | - | - | €0.2m | €0.07m | €0.04m | €0.05m | €0.04m | ▼ 16.3% |
| Recurring financial income75 | €2.2m | €0.3m | €0.2m | €0.2m | €0.07m | €0.04m | €0.05m | €0.04m | ▼ 16.3% |
| Income from current assets751 | - | - | - | €0.2m | €0.07m | - | €0.05m | €0.04m | ▼ 17.7% |
| Other financial income752/9 | - | - | - | - | - | - | - | €0.001m | - |
| Non-recurring financial income76B | - | - | - | - | €194 | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 19.9% |
| Recurring financial charges65 | €0.06m | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 19.9% |
| Debt charges650 | €0.06m | €0.2m | €0.2m | €0.2m | €0.1m | - | €0.1m | €0.1m | ▲ 19.0% |
| Other financial charges652/9 | - | - | - | €367 | €434 | - | €0.004m | €0.006m | ▲ 48.6% |
| Non-recurring financial charges66B | - | - | - | - | €213 | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €2.2m | €0.2m | €0.04m | -€0.06m | €0.02m | €0.03m | -€0.06m | -€0.1m | ▼ 117% |
| Income taxes67/77 | €0.03m | €0.05m | €0.01m | €0.005m | €0.002m | €0.01m | €0.001m | €0.01m | ▲ 782% |
| Taxes670/3 | - | - | - | €0.005m | €0.002m | - | €0.001m | €0.01m | ▲ 782% |
| Profit (loss) for the period9904 | €2.2m | €0.1m | €0.02m | -€0.07m | €0.01m | €0.02m | -€0.06m | -€0.1m | ▼ 130% |
| Profit (loss) for the period to be appropriated9905 | €2.2m | €0.1m | €0.02m | -€0.07m | €0.01m | €0.02m | -€0.06m | -€0.1m | ▼ 130% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €8.3m | €12.0m | €11.7m | €9.7m | €9.7m | €9.7m | €10.6m | €11.0m | ▲ 4.0% |
| Fixed assets21/28 | €4.4m | €4.4m | €6.5m | €6.6m | €8.1m | €8.0m | €9.1m | €9.1m | = |
| Intangible fixed assets21 | - | - | €0.01m | €0.1m | €0.08m | €0.04m | €0.1m | €0.1m | ▼ 6.1% |
| Tangible fixed assets22/27 | €0.001m | €401 | €0.08m | €0.07m | €0.04m | €0.03m | €0.001m | €0.007m | ▲ 464% |
| Plant, machinery and equipment23 | - | - | - | €0.07m | €0.04m | €0.009m | €288 | €0.006m | ▲ 2,103% |
| Furniture and vehicles24 | - | - | - | - | - | €0.02m | €0.001m | €0.001m | ▼ 22.1% |
| Financial fixed assets28 | €4.4m | €4.4m | €6.4m | €6.4m | €8.0m | €8.0m | €9.0m | €9.0m | = |
| Affiliated companies280/1 | - | - | - | €6.4m | €8.0m | - | €9.0m | €9.0m | = |
| Participating interests280 | - | - | - | €6.4m | €8.0m | - | €9.0m | €9.0m | = |
| Other financial fixed assets284/8 | - | - | - | €0 | - | - | - | - | - |
| Shares284 | - | - | - | €0 | - | - | - | - | - |
| Current assets29/58 | €4.0m | €7.6m | €5.2m | €3.1m | €1.6m | €1.7m | €1.5m | €1.9m | ▲ 29.5% |
| Amounts receivable after more than one year29 | - | - | - | €0.9m | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 1.9% |
| Other amounts receivable291 | - | - | - | €0.9m | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 1.9% |
| Stocks and contracts in progress3 | - | - | €0 | €0 | €0 | - | €0 | €0 | - |
| Amounts receivable within one year40/41 | €3.9m | €5.8m | €4.3m | €2.2m | €1.0m | €1.2m | €1.0m | €1.4m | ▲ 40.5% |
| Trade receivables40 | - | - | - | €0.09m | €0.2m | €0.6m | €0.2m | €0.6m | ▲ 190% |
| Other amounts receivable41 | - | - | - | €2.1m | €0.8m | €0.6m | €0.8m | €0.9m | ▲ 4.0% |
| Cash at bank and in hand54/58 | €0.01m | €1.7m | €0.08m | €0.006m | €0.2m | €0.04m | €0.01m | €0.009m | ▼ 17.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0.04m | €0.07m | €0.03m | €0 | €0.007m | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €8.3m | €12.0m | €11.7m | €9.7m | €9.7m | €9.7m | €10.6m | €11.0m | ▲ 4.0% |
| Equity10/15 | €7.0m | €7.1m | €7.1m | €7.0m | €7.1m | €7.1m | €7.0m | €6.9m | ▼ 1.9% |
| Contributions10/11 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Capital10 | - | - | - | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Issued capital100 | - | - | - | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Reserves13 | €5.9m | €6.0m | €6.0m | €6.0m | €6.0m | €6.0m | €5.9m | €5.8m | ▼ 2.2% |
| Non-distributable reserves130/1 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Legal reserve130 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Distributable reserves133 | - | - | - | €5.9m | €5.9m | €5.9m | €5.8m | €5.7m | ▼ 2.3% |
| Amounts payable17/49 | €1.4m | €4.9m | €4.6m | €2.6m | €2.6m | €2.6m | €3.6m | €4.1m | ▲ 15.7% |
| Amounts payable after more than one year17 | - | - | €4.4m | €2.3m | €1.5m | €1.5m | €2.6m | €2.7m | ▲ 2.7% |
| Financial debts170/4 | - | - | - | €2.3m | €0.7m | €0.8m | €2.6m | €2.7m | ▲ 2.7% |
| Credit institutions173 | - | - | - | - | - | - | - | €0.3m | - |
| Other loans174 | - | - | - | €2.3m | €0.7m | - | €2.6m | €2.4m | ▼ 8.6% |
| Trade debts175 | - | - | - | - | €0.8m | €0.8m | €0 | - | - |
| Suppliers1750 | - | - | - | - | €0.8m | - | €0 | - | - |
| Amounts payable within one year42/48 | €1.3m | €4.9m | €0.2m | €0.3m | €1.2m | €1.1m | €0.9m | €1.4m | ▲ 47.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | - | €0.03m | - |
| Trade debts44 | €0.005m | €0.002m | €0.08m | €0.01m | €0.03m | €0.01m | €0.1m | €0.4m | ▲ 252% |
| Suppliers440/4 | - | - | - | €0.01m | €0.03m | €0.01m | €0.1m | €0.4m | ▲ 252% |
| Taxes, remuneration and social security45 | - | - | - | €0.04m | €0.02m | €0.03m | €0.007m | €0.02m | ▲ 263% |
| Taxes450/3 | - | - | - | €0.04m | €0.02m | €0.03m | €0.007m | €0.02m | ▲ 239% |
| Remuneration and social security454/9 | - | - | - | €0 | €0.004m | €0.006m | €0 | €0.002m | - |
| Other amounts payable47/48 | - | - | - | €0.2m | €1.1m | €1.0m | €0.8m | €0.9m | ▲ 15.8% |
| Accrued charges and deferred income492/3 | - | - | - | €90 | €0.02m | €0.03m | €0.03m | €0.08m | ▲ 168% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.2m | €0.1m | €0.02m | -€0.07m | €0.01m | €0.02m | -€0.06m | -€0.1m | ▼ 130% |
| + Depreciation and write-downs630 | €432 | €432 | €0.009m | €0.03m | €0.08m | €0.07m | €0.05m | €0.05m | ▼ 0.2% |
| Operating cash flow (approximation) | €2.2m | €0.1m | €0.03m | -€0.03m | €0.09m | €0.1m | -€0.01m | -€0.09m | ▼ 757% |
| Investment in fixed assets (approximation) | - | €0 | -€2.1m | -€0.1m | -€1.6m | -€0.02m | -€1.2m | -€0.05m | ▲ 95.9% |
| Change in cash | - | €1.7m | -€1.7m | -€0.07m | €0.2m | -€0.1m | -€0.03m | -€0.002m | ▲ 92.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 30-09-2026 | 2026-00544937 |
| 31-12-2024 | full format | 26-08-2025 | 2025-00406230 |
| 31-12-2023 | abbreviated format | 18-07-2024 | 2024-00258704 |
| 31-12-2022 | full format | 29-09-2023 | 2023-00461194 |
| 31-12-2021 | full format | 30-09-2022 | 2022-20443960 |
| 31-12-2020 | full format | 30-09-2021 | 2021-69900487 |
| 31-12-2019 | full format | 25-09-2020 | 2020-56700524 |
| 31-12-2018 | full format | 29-08-2019 | 2019-55100379 |
| 31-12-2017 | micro format | 22-06-2018 | 2018-22400412 |
| 31-12-2016 | abbreviated format | 26-06-2017 | 2017-23100100 |
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