GV CONSTRUCT
ActiveSummary
GV CONSTRUCT has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-5k) and a net result of €-15k. Equity is shrinking by ~25.1% per year across the filed fiscal years. Its solvency ranks better than 17% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37=
Solvency25=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 1.0 against 1.01 in 2024; short-term debt: 100% and cash: 14% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
0%
Return on assets
-0.1%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year €-5k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
16 d early
2024
4 d late
2023
19 d early
2022
18 d early
2021
17 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€-5k
2024 · €11k
Total assets
€16.97M▲ 216%
2024 · €5.37M
Net result
€-15k▼ 233%
2024 · €-5k
Working capital
€-5k
2024 · €62k
Trend over the years
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€-2k-€-763▲ 66.3%€-2k▼ 102%€-4k▼ 186%€-16k▼ 266%
Net result€-2k-€-815▲ 66.5%€-2k▼ 89.4%€-5k▼ 197%€-15k▼ 233%
Equity€18k-€17k▼ 4.6%€15k▼ 9.2%€11k▼ 30.1%€-5k
Total assets€1.84M-€2.59M▲ 40.6%€3.63M▲ 40.5%€5.37M▲ 47.9%€16.97M▲ 216%
Debt€1.82M-€2.57M▲ 41.1%€3.62M▲ 40.8%€5.36M▲ 48.2%€16.97M▲ 217%
Working capital€18k-€17k▼ 4.6%€15k▼ 9.2%€62k▲ 308%€-5k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16k in 2025 against €4k in 2024; the loss grows and 2025 has the lowest result in the available series.
Key figures and ratios
Solvency
0.0%▼
2024 · 0.2%
Current ratio
1.00▼
2024 · 1.01
Quick ratio
0.15▲
2024 · 0.06
ROA
-0.1%▼
2024 · -0.1%
Debt ≤ 1 year
€16.97M▲
2024 · €5.31M
A ratio outside any meaningful range has been withheld (balance sheet total €16.97M, equity €-5k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | - | - | - | - | - |
| Other operating charges640/8 | €11k | €1k | €703k | €165k | €16k | ▼ 90.0% |
| Gross operating margin9900 | €10k | €663 | €701k | €160k | €288 | ▼ 99.8% |
| Operating profit (loss)9901 | €-2k | €-763 | €-2k | €-4k | €-16k | ▼ 266% |
| Financial income75/76B | - | - | - | €119 | €10 | ▼ 91.6% |
| Recurring financial income75 | - | - | - | €119 | €10 | ▼ 91.6% |
| Financial charges65/66B | €170 | €52 | - | €285 | €-894 | ▼ 413% |
| Recurring financial charges65 | €170 | €52 | - | €285 | €-894 | ▼ 413% |
| Profit (loss) for the period before taxes9903 | €-2k | €-815 | €-2k | €-5k | €-15k | ▼ 233% |
| Profit (loss) for the period9904 | €-2k | €-815 | €-2k | €-5k | €-15k | ▼ 233% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €-815 | €-2k | €-5k | €-15k | ▼ 233% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.84M | €2.59M | €3.63M | €5.37M | €16.97M | ▲ 216% |
| Current assets29/58 | €1.84M | €2.59M | €3.63M | €5.37M | €16.97M | ▲ 216% |
| Stocks and contracts in progress3 | €1.71M | €2.25M | €2.73M | €5.03M | €14.39M | ▲ 186% |
| Stocks30/36 | €1.71M | €2.25M | €2.73M | €5.03M | €14.39M | ▲ 186% |
| Amounts receivable within one year40/41 | €126k | €223k | €886k | €123k | €193k | ▲ 56.0% |
| Trade receivables40 | - | - | €803k | €12k | €193k | ▲ 1,467% |
| Other amounts receivable41 | €126k | €223k | €83k | €111k | - | - |
| Cash at bank and in hand54/58 | €659 | €114k | €18k | €205k | €2.37M | ▲ 1,058% |
| Deferred charges and accrued income490/1 | - | - | - | €10k | €11k | ▲ 11.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.84M | €2.59M | €3.63M | €5.37M | €16.97M | ▲ 216% |
| Equity10/15 | €18k | €17k | €15k | €11k | €-5k | ▼ 144% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Profit (loss) carried forward14 | €-2k | €-3k | €-5k | €-9k | €-25k | ▼ 163% |
| Amounts payable17/49 | €1.82M | €2.57M | €3.62M | €5.36M | €16.97M | ▲ 217% |
| Amounts payable within one year42/48 | €1.82M | €2.57M | €3.62M | €5.31M | €16.97M | ▲ 220% |
| Financial debts43 | €1.19M | €1.27M | €2.01M | - | - | - |
| Credit institutions430/8 | €1.19M | €1.27M | €2.01M | - | - | - |
| Trade debts44 | - | €225k | €92k | €212k | €1.99M | ▲ 841% |
| Suppliers440/4 | - | €225k | €92k | €212k | €1.99M | ▲ 841% |
| Advances received on contracts in progress46 | - | - | - | €316k | €4.63M | ▲ 1,362% |
| Taxes, remuneration and social security45 | - | - | - | - | €18k | - |
| Taxes450/3 | - | - | - | - | €18k | - |
| Other amounts payable47/48 | €632k | €1.08M | €1.52M | €4.78M | €10.34M | ▲ 116% |
| Accrued charges and deferred income492/3 | - | - | - | €51k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €-815 | €-2k | €-5k | €-15k | ▼ 233% |
| + Depreciation and write-downs630 | €1k | - | - | - | - | - |
| Operating cash flow (approximation) | €-1k | €-815 | €-2k | €-5k | €-15k | ▼ 233% |
| Change in cash | - | €113k | €-96k | €187k | €2.17M | ▲ 1,059% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series.
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 4 days late
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has 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
4 acts for this company are 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, Hasselt · 1 establishment unit since 2020
Ground area
789 m²
Building footprint
257 m²
Volume, LiDAR
3,851 m³
Parcel 71022H0530/00R003, Flanders · tallest building 17.6 m, ±5 floors. Linked by address, not a title deed.
57
companies at this address
See who is registered here
1 establishment unit
GV CONSTRUCT
since 20202.303.004.880
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71022H0530/00R003 | Flanders | 789 m² | 1 · 257 m² | 17.6 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
OSTROV
BE 0767.923.957
Wommelgem · Eq €10,613
SAS
BE 0786.375.040
Wuustwezel · Eq €10,605
PICARDIMMO
BE 0653.889.866
Morlanwelz · Eq €10,600
VITRERIE PIROTON
BE 0760.391.116
Theux · Eq €10,599
PLATANE MIND
BE 0797.852.120
Liège · Eq €10,592
Of 9,698 companies in sector 68121 we hold annual accounts for 7,384. 3,187 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
Founded08-05-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.