Checked.be
Active
BE 0806.040.997Private limited company
GUBBELS BENOIT
Avenue Mercury 13 ·4650 Herve, Belgium· 18 yrs active
Sector: Site preparation
(43120)
Conclusion
GUBBELS BENOIT has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €888k and a net result of €69k. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 31% of 7448 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €888k |
| Net result | €69k |
| Staff (FTE) | 8.8 |
| Better than sector | 31% |
Financial profile
64
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
59
Profitability
39
Solvency
43
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2008, 18 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
59
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€50k
estimate, not credit advice
Score history
41
2021
56
2022
78
2023
51
2024
59
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.94 (< 1.0)
-10
Profitability
ROE 8%
+3
Interest coverage
Interest coverage 11.3× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 26-08-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~12.8%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 28.5% | 44.0% | |
| Net result | €69k | €30k | |
| Equity | €888k | €276k | |
| Gross operating margin | €929k | €275k | |
| Staff costs | €426k | €244k |
€486k
+24.0%
21-25
€69k
+13.0%
21-25
€437k
+19.6%
21-25
€3.12M
+5.0%
21-25
€888k
+8.4%
21-25
€-47k
+85.3%
21-25
9
+6.0%
21-25
€426k
+7.9%
21-25
€7k
+90.9%
21-25
€2.23M
+3.7%
21-25
€790k
-19.6%
21-25
€1.44M
+23.4%
21-25
0.94
+39.9%
21-25
0.94
+39.9%
21-25
28.5%
+3.2%
21-25
2.51
-4.3%
21-25
7.8%
+4.2%
21-25
2.2%
+7.6%
21-25
11.35
-32.7%
21-25
Figures by fiscal year and ratios
Change versus the prior fiscal year, coloured by direction (green = favourable).
| Fiscal year | 2025 Δ | 2024 Δ | 2023 Δ | 2022 Δ | 2021 Δ |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | full schema | full schema | full schema | full schema |
| Revenue | - | - | - | - | - |
| EBITDA | +24.0% | -15.6% | -3.4% | +43.4% | - |
| Net profit | +13.0% | -51.2% | -11.6% | +366.9% | - |
| Cash flow | +19.6% | -15.8% | -4.0% | +40.5% | - |
| Staff costs | +7.9% | -6.0% | -8.4% | +27.8% | - |
| Income taxes | +90.9% | +961.7% | -2.9% | -69.1% | - |
| Dividends | - | - | - | - | - |
| Total assets | +5.0% | +14.9% | +2.0% | +23.0% | - |
| Equity | +8.4% | +8.0% | +19.8% | +30.4% | - |
| Debt | +3.7% | +17.7% | -4.0% | +20.7% | - |
| of which ≤ 1y | -19.6% | +67.5% | +10.3% | -36.2% | - |
| of which > 1y | +23.4% | -5.9% | -9.4% | +84.5% | - |
| Working capital | +85.3% | - | - | +98.5% | - |
| Employees (FTE) | +6.0% | -3.5% | -5.5% | +21.3% | - |
Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, full schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.94 | 0.67 | 1.21 | 0.99 | 0.73 |
| Quick ratio | 0.94 | 0.67 | 1.12 | 0.99 | 0.73 |
| Working capital ratio | -1.5% | -10.9% | 4.9% | -0.1% | -11.1% |
| Solvency | 28.5% | 27.6% | 29.4% | 25.0% | 23.6% |
| Debt / equity | 2.51 | 2.62 | 2.41 | 3.00 | 3.24 |
| Long-term debt ratio | 1.62 | 1.42 | 1.63 | 2.16 | 1.52 |
| Interest coverage | 11.35 | 16.86 | 15.16 | 16.38 | 25.85 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 2.2% | 2.1% | 4.8% | 5.6% | 1.5% |
| ROE | 7.8% | 7.4% | 16.5% | 22.4% | 6.2% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (27 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €3.12M | €2.97M | €2.58M | €2.53M | €2.06M |
| Fixed assets | 21/28 | €2.34M | €2.27M | €1.83M | €1.95M | €1.40M |
| Formation expenses | 20 | €33k | €39k | €44k | €50k | €55k |
| Intangible fixed assets | 21 | €11k | €13k | €15k | €16k | €15k |
| Tangible fixed assets | 22/27 | €2.33M | €2.25M | €1.81M | €1.94M | €1.38M |
| Financial fixed assets | 28 | €3k | €3k | €3k | €3k | €2k |
| Current assets | 29/58 | €743k | €661k | €713k | €529k | €605k |
| Stocks & contracts in progress | 3 | - | €0 | €55k | - | - |
| Amounts receivable within one year | 40/41 | €428k | €363k | €428k | €352k | €272k |
| Cash & bank | 54/58 | €295k | €270k | €216k | €159k | €325k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €3.12M | €2.97M | €2.58M | €2.53M | €2.06M |
| Equity | 10/15 | €888k | €819k | €758k | €633k | €485k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €12k |
| Reserves | 13 | €2k | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €868k | €799k | €738k | €613k | €471k |
| Amounts payable | 17/49 | €2.23M | €2.15M | €1.82M | €1.90M | €1.57M |
| Amounts payable after one year | 17 | €1.44M | €1.16M | €1.24M | €1.37M | €740k |
| Amounts payable within one year | 42/48 | €790k | €983k | €587k | €532k | €834k |
| Trade debts payable within one year | 44 | €396k | €633k | €243k | €105k | €522k |
| Income statement | ||||||
| Gross operating margin | 9900 | €929k | €809k | €899k | €949k | €700k |
| Operating result | 9901 | €118k | €88k | €156k | €171k | €44k |
| Financial income | 75 | €475 | €84 | €5 | €119 | €0 |
| Financial charges | 65 | €43k | €23k | €31k | €29k | €13k |
| Result before taxes | 9903 | €76k | €65k | €125k | €142k | €31k |
| Income taxes | 67/77 | €7k | €4k | €356 | €366 | €1k |
| Net result for the period | 9904 | €69k | €61k | €125k | €142k | €30k |
| Result to be appropriated | 9905 | €69k | €61k | €125k | €142k | €30k |
Legal Structure
| NACE primary | Site preparation(43120) |
| Legal form | Private limited company(610) |
| Incorporation | 29-08-2008 |
| Status | Active |
| Postal code | 4650 |
Establishment units
GUBBELS BENOIT SPRL
since 20082.172.913.133
Real-estate footprint
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63014A0943/00G000 | Wallonia | 1.2 ha | 1 · 767 m² | 0.5 m |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 59 days late
2022
31-12
Financial
Highest result since 2021net €142k ▲367%
Operating result €171k, net result €142k, both a record.
31-12
Financial
Equity above €500kEq €633k ▲30.4%
2 profitable years in a row build equity to €633k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 20 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 26 days late
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
General construction of residential buildings41001Site preparation43120
Names & trade names
| Legal nameFR | GUBBELS BENOIT |
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