GTh CONSTRUCT
ActiveFrom the official registers: KBO 18 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
GTh CONSTRUCT has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20,743 and a net result of €681. Equity is growing by about 4.4% per year across the filed financial years. Its solvency ranks better than 95% of 34,855 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Official details
KBO- Status
- Active since 12-12-2007 Normal situation
- Legal form
- Private limited company (pre-2019)
- Registered office
- Rue des Viaux(NN) 40, 5100 Namur
- Activity
- Roofing work NACE 43410and 1 other
- Establishment unit
- 2.167.417.785 5100 Namur, since 26-12-2007
- Financial year end
- 31 December
- Peppol
- Reachable since 20-07-2026
How it is doing
- Bankruptcy probabilitywithin 12 months
- 0.4%
- Gross margin
- -€459
- ▼ 7.5%
- Profit
- €681
- ▼ 18.4%
- Equity
- €20,743
- ▼ 0.7%
- Total assets
- €21,576
- ▼ 0.8%
Why 84raises riskLiquidity: current ratio 25.90Sector: Specialised construction activities (NACE 43)lowers riskFounded in 2007Equity €20,743 (96.1% of total assets)Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 90% on solvency, 98% on liquidity, 22% on profitability and 33% on growth.
The bankruptcy probability was computed on 31-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 19 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, micro format
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 28-06-2026
- Format
- micro format
- Reference
- 2026-00218086
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €459 in 2025 against €427 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction 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).
Peer companies
Historical observationOf the 10,904 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.2% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 10,904 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Gross operating margin9900 | -€1,519 | -€1,489 | -€55 | -€55 | -€57 | -€366 | -€427 | -€459 | ▼ 7.5% |
| Operating profit (loss)9901 | -€1,519 | -€1,489 | -€55 | -€55 | -€57 | -€366 | -€427 | -€459 | ▼ 7.5% |
| Financial income75/76B | - | - | - | €1,106 | €1,313 | €1,053 | €1,261 | €1,140 | ▼ 9.6% |
| Recurring financial income75 | €1,466 | €1,435 | €1,662 | €1,106 | €1,313 | €1,053 | €1,261 | €1,140 | ▼ 9.6% |
| Profit (loss) for the period before taxes9903 | -€53 | -€54 | €1,607 | €1,051 | €1,256 | €687 | €834 | €681 | ▼ 18.4% |
| Profit (loss) for the period9904 | -€53 | -€54 | €1,607 | €1,051 | €1,256 | €687 | €834 | €681 | ▼ 18.4% |
| Profit (loss) for the period to be appropriated9905 | -€53 | -€54 | €1,607 | €1,051 | €1,256 | €687 | €834 | €681 | ▼ 18.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €16,373 | €16,318 | €17,926 | €18,977 | €20,233 | €20,920 | €21,754 | €21,576 | ▼ 0.8% |
| Current assets29/58 | €16,373 | €16,318 | €17,926 | €18,977 | €20,233 | €20,920 | €21,754 | €21,576 | ▼ 0.8% |
| Amounts receivable within one year40/41 | €16,373 | €16,318 | €17,926 | €18,977 | €20,233 | €20,920 | €21,754 | €21,576 | ▼ 0.8% |
| Other amounts receivable41 | - | - | - | €18,977 | €20,233 | €20,920 | €21,754 | €21,576 | ▼ 0.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €16,373 | €16,318 | €17,926 | €18,977 | €20,233 | €20,920 | €21,754 | €21,576 | ▼ 0.8% |
| Equity10/15 | €16,373 | €16,318 | €17,926 | €18,977 | €20,233 | €20,920 | €20,895 | €20,743 | ▼ 0.7% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| 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 | = |
| Profit (loss) carried forward14 | -€4,087 | -€4,142 | -€2,534 | -€1,483 | -€227 | €460 | €435 | €283 | ▼ 34.9% |
| Amounts payable17/49 | - | - | - | - | - | - | €859 | €833 | ▼ 3.0% |
| Amounts payable within one year42/48 | - | - | - | - | - | - | €859 | €833 | ▼ 3.0% |
| Other amounts payable47/48 | - | - | - | - | - | - | €859 | €833 | ▼ 3.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€53 | -€54 | €1,607 | €1,051 | €1,256 | €687 | €834 | €681 | ▼ 18.4% |
| Operating cash flow (approximation) | -€53 | -€54 | €1,607 | €1,051 | €1,256 | €687 | €834 | €681 | ▼ 18.4% |
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 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-06-2026 | 2026-00218086 | NBB |
| 31-12-2024 | micro format | 01-07-2025 | 2025-00232237 | |
| 31-12-2023 | micro format | 03-07-2024 | 2024-00220652 | |
| 31-12-2022 | micro format | 17-07-2023 | 2023-00257319 | |
| 31-12-2021 | micro format | 10-07-2022 | 2022-20177109 | |
| 31-12-2020 | micro format | 24-07-2021 | 2021-41800301 | |
| 31-12-2019 | micro format | 31-07-2020 | 2020-37300153 | |
| 31-12-2018 | micro format | 06-07-2019 | 2019-30300594 | |
| 31-12-2017 | micro format | 15-08-2018 | 2018-46700085 | |
| 31-12-2016 | micro format | 22-05-2017 | 2017-12600415 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Grosdent Thierry |
|
Owners and capital
Owners
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0894.134.023
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 92095B0080/00D000 | Wallonia | 3,051 m² | 1 · 40 m² | 8.3 m · 3 |