GV CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of GV CONSTRUCT is 1.6% (moderate). The 2025 annual accounts show negative equity (-€34,381) and a net result of €1,517. Equity has been shrinking by about 68% per year since 2022. Its solvency ranks better than 6% of 661 sector peers (NACE 16, financial year 2025). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 19-07-2021 Normal situation
- Activity
- Manufacture of other builders' carpentry and joinery NACE 16230
- Joint committee
- 124 Paritair Comité voor het bouwbedrijf · annual accounts 2023
- Establishment unit
- 2.322.343.712 4280 Hannut, since 19-07-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 28-11-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.6%
- Turnover
- €111,649
- ▲ 12.7%
- Profit
- €1,517
- Equity
- -€34,381
- ▲ 4.2%
- Total assets
- €33,815
- ▼ 26.1%
- Negative equity on 31-12-2025
Score breakdownraises riskNegative equity -€34,381Founded in 2021lowers riskFigures for financial year 2025 (filed on 01-07-2026)Size: turnover €111,649, total assets €33,815Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 16, micro). It does better than 4% of them on solvency, 11% on liquidity, 59% on profitability and 60% on growth.
The bankruptcy probability was computed on 02-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 4 accounts on average 4 days after the deadline. In the sector (NACE 16), the median for financial year 2024 was 3 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 01-07-2026 at the NBB all 4 filings
Every figure per financial year
The operating result for 2025 is a profit of €3,885, after a loss of €34,933 in 2024.
Staff
| Item | 31-12-2022 | 31-12-2023 |
|---|---|---|
| Employees at the balance-sheet date | 1 | - |
| full-time | 1 | - |
| in full-time equivalents | 1 | - |
| Average over the year, in full-time equivalents | 0.7 | 0.4 |
| On a permanent contract | 1 | - |
| Joined | 3 | 0 |
| Left | 2 | 1 |
Source: social balance sheet in the 2022 to 2023 annual accounts
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €137,929 | €1,250 | €5,022 | €15,530 |
| Intangible fixed assets | €1,385 | - | - | - |
| Depreciation and write-downs of the year | €21,336 | €23,966 | €11,634 | €12,520 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | €263,972 | €131,231 | €99,075 | €111,649 | ▲ 12.7% |
| Goods, raw materials, services and sundry goods60/61 | €198,898 | €105,079 | €120,299 | €93,758 | ▼ 22.1% |
| Remuneration, social security and pensions62 | €20,099 | €13,784 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,336 | €23,966 | €11,634 | €12,520 | ▲ 7.6% |
| Other operating charges640/8 | €1,698 | €1,032 | €2,075 | €1,486 | ▼ 28.4% |
| Gross operating margin9900 | €65,074 | €26,152 | -€21,224 | €17,891 | - |
| Operating profit (loss)9901 | €21,941 | -€12,630 | -€34,933 | €3,885 | - |
| Financial charges65/66B | €2,898 | €4,226 | €3,452 | €2,368 | ▼ 31.4% |
| Recurring financial charges65 | €2,898 | €4,226 | €3,452 | €2,368 | ▼ 31.4% |
| Profit (loss) for the period before taxes9903 | €19,043 | -€16,856 | -€38,385 | €1,517 | - |
| Income taxes67/77 | €1,700 | - | - | - | - |
| Profit (loss) for the period9904 | €17,343 | -€16,856 | -€38,385 | €1,517 | - |
| Profit (loss) for the period to be appropriated9905 | €17,343 | -€16,856 | -€38,385 | €1,517 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €135,404 | €124,291 | €45,766 | €33,815 | ▼ 26.1% |
| Fixed assets21/28 | €117,978 | €95,262 | €23,490 | €26,500 | ▲ 12.8% |
| Tangible fixed assets22/27 | €117,978 | €95,262 | €23,490 | €26,500 | ▲ 12.8% |
| Plant, machinery and equipment23 | €11,224 | €7,954 | €2,835 | €1,723 | ▼ 39.2% |
| Furniture and vehicles24 | - | - | €4,132 | €14,874 | ▲ 260% |
| Leasing and similar rights25 | €106,754 | €87,308 | €16,523 | €9,903 | ▼ 40.1% |
| Current assets29/58 | €17,426 | €29,029 | €22,276 | €7,315 | ▼ 67.2% |
| Amounts receivable within one year40/41 | €11,583 | €7,554 | €11,962 | €829 | ▼ 93.1% |
| Trade receivables40 | €5,433 | €5,029 | €6,908 | €829 | ▼ 88.0% |
| Other amounts receivable41 | €6,150 | €2,525 | €5,054 | - | - |
| Cash at bank and in hand54/58 | €5,843 | €21,475 | €8,806 | €4,332 | ▼ 50.8% |
| Deferred charges and accrued income490/1 | - | - | €1,508 | €2,154 | ▲ 42.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €135,404 | €124,291 | €45,766 | €33,815 | ▼ 26.1% |
| Equity10/15 | €19,343 | €2,487 | -€35,898 | -€34,381 | ▲ 4.2% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €17,000 | €17,000 | €17,000 | €17,000 | = |
| Distributable reserves133 | €17,000 | €17,000 | €17,000 | €17,000 | = |
| Profit (loss) carried forward14 | €343 | -€16,513 | -€54,898 | -€53,381 | ▲ 2.8% |
| Amounts payable17/49 | €116,061 | €121,804 | €81,664 | €68,196 | ▼ 16.5% |
| Amounts payable after more than one year17 | €84,438 | €67,946 | €51,053 | €33,751 | ▼ 33.9% |
| Financial debts170/4 | €84,438 | €67,946 | €51,053 | €33,751 | ▼ 33.9% |
| Amounts payable within one year42/48 | €31,623 | €53,858 | €30,611 | €34,445 | ▲ 12.5% |
| Current portion of amounts payable after more than one year42 | €16,102 | €16,492 | €16,892 | €17,302 | ▲ 2.4% |
| Trade debts44 | €8,170 | €29,949 | €10,793 | €3,278 | ▼ 69.6% |
| Suppliers440/4 | €8,170 | €29,949 | €10,793 | €3,278 | ▼ 69.6% |
| Taxes, remuneration and social security45 | €4,082 | €6,987 | €2,926 | €4,534 | ▲ 55.0% |
| Taxes450/3 | €1,700 | €4,737 | €2,926 | €2,734 | ▼ 6.6% |
| Remuneration and social security454/9 | €2,382 | €2,250 | - | €1,800 | - |
| Other amounts payable47/48 | €3,269 | €430 | - | €9,331 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,343 | -€16,856 | -€38,385 | €1,517 | - |
| + Depreciation and write-downs630 | €21,336 | €23,966 | €11,634 | €12,520 | ▲ 7.6% |
| Operating cash flow (approximation) | €38,679 | €7,110 | -€26,751 | €14,037 | - |
| Investment in fixed assets (approximation) | - | -€1,250 | €60,138 | -€15,530 | - |
| Change in cash | - | €15,632 | -€12,669 | -€4,474 | ▲ 64.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 906 companies had the same profile as GV CONSTRUCT has now. Two years later, 89.4% were still going and 6.1% had gone bankrupt.
- Micro
- 5 to 10 years old
- negative equity
- a profit under 5% of the balance sheet
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GV CONSTRUCT itself: 1.6% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 906 companies, not a prediction for GV CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Owners and capital
Owners
Network & group
GV CONSTRUCT shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of GV CONSTRUCT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
31-08
Gazette deed
Registered office moved within Hannut3 points ▸
- Board meeting, 10-06-2023
- General meeting, “Assemblée Générale Extraordinaire” (deed in French)
- Registered-office move, Rue de la Raperie, 2 à 4280 Hannut
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 64042B0204/00Z000 | Wallonia | 1,499 m² | 1 · 132 m² | 5.3 m · 1 |