GVG CONCEPT

Active

Private limited companyfounded 2021active for 5 yearsBredestraat 42, 3090 Overijse, BelgiumKBO/BCE: BE 0775.863.705

Summary

The computed 12-month bankruptcy probability of GVG CONCEPT is 9.0% (elevated). The 2024 annual accounts show equity of €55,338 and a net result of €24,013. Equity is growing by about 81% per year across the filed financial years. Its solvency ranks better than 42% of 1,281 sector peers (NACE 41, financial year 2024). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

GVG CONCEPTActiveChecked score 33/100

Risk analysis Report Compare

Activity

General construction of residential buildings

NACE 41001

1 site

Size

€1.1mturnover 2024

Staff: ≈ 0.1 FTE, estimated
Equity: €55,338
Profit: €24,013

Financial health

33 Weak Checked score 2024

Bankruptcy probabilitywithin 12 months: 9.0%

Structure

2025 accounts not filed, 89 days past the deadline1 deed in the Belgian Official Gazette

Why 33raises risk1 financial year not filed after the legal deadline; last filed accounts filed 74 days late; 3 of the last 3 lateLiquidity: current ratio 1.26, cash €270, halvedSector: Construction of residential and non-residential buildings (NACE 41)Founded in 2021Show the evidence

Checked score

Score 2024

33 / 100

Weak

Probability in this band: 4.2% to 15.0%

Financially better than 43% of its sector peers (NACE 41, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2023

Average

Solvency 51+11

equity 26.3% of total assets

Liquidity 16+5

short-term debt 65.5% · cash 0.1%

Profitability 68-9

return on assets 11.4%

Bankruptcy probability, 12 months

9.0% Elevated

0%0.5%1.5%4%10%≥ 25%

About 9 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.5% (13,446 companies, NACE 41, micro)

Last 24 months 11-2024: 8.3% 12-2024: 8.3%● unchanged vs 11-2024 01-2025: 8.3%● unchanged vs 12-2024 02-2025: 8.3%● unchanged vs 01-2025 03-2025: 8.7%▲ +0.4 percentage points vs 02-2025 04-2025: 8.7%● unchanged vs 03-2025 05-2025: 8.7%● unchanged vs 04-2025 06-2025: 8.3%▼ -0.4 percentage points vs 05-2025 07-2025: 8.3%● unchanged vs 06-2025 08-2025: 9.0%▲ +0.7 percentage points vs 07-2025 09-2025: 9.1%▲ +0.1 percentage points vs 08-2025 10-2025: 9.1%● unchanged vs 09-2025highest value 11-2025: 8.0%▼ -1.1 percentage points vs 10-2025 12-2025: 8.0%● unchanged vs 11-2025 01-2026: 8.0%● unchanged vs 12-2025 02-2026: 8.0%● unchanged vs 01-2026 03-2026: 8.1%▲ +0.1 percentage points vs 02-2026 04-2026: 8.1%● unchanged vs 03-2026 05-2026: 8.2%▲ +0.1 percentage points vs 04-2026 06-2026: 8.1%▼ -0.1 percentage points vs 05-2026 07-2026: 7.8%▼ -0.3 percentage points vs 06-2026lowest value 08-2026: 8.6%▲ +0.8 percentage points vs 07-2026 09-2026: 8.7%▲ +0.1 percentage points vs 08-2026 10-2026: 9.0%▲ +0.3 percentage points vs 09-2026

Credit of up to €1,500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms

Liquidity tight (current ratio 1.26, compared with 1.01 in 2023, below the usual 1.5; short-term debt: 65.5% and cash: 0.1% of total assets), and 73.7% of the assets are financed with debt and provisions.

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 41, micro): better than 33% on solvency, 13% on liquidity, 39% on profitability and 88% on growth.

The bankruptcy probability was computed on 28-10-2026 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).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Six signals.

raises risk

1 financial year not filed after the legal deadline; last filed accounts filed 74 days late; 3 of the last 3 late

NBB · filings

Liquidity: current ratio 1.26, cash €270, halved

NBB · annual accounts

Sector: Construction of residential and non-residential buildings (NACE 41)

KBO

Founded in 2021

Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.

KBO

Annual accounts not filed

The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 89 days later.

NBB · 3 filings

Position against the passed deadline

31-12-2025 year end31-07-2026 deadline28-10-2026 today

2024 accounts filed 74 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-10-2025, 74 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 3 filings

Deviation from the deadline

2025

not filed

2024

74 days late

2023

71 days late

2022

103 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 83 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

13-10-2025 Annual accounts filedfinancial year 2024 · full…
10-10-2024 Annual accounts filedfinancial year 2023 · full…
31-12-2023 Highest result from 2022 to 2024net €26,958 ▲597%

Key points

Positive: Turnover rose in 2024from €474,001 to €1.1m ▲ 124% View
Caution: 2025 accounts not fileddeadline was 31-07-2026 89 days past the deadline View
Turnover 20242 financial years filed €1.1m View

By topic

Financials

Financial year: 2024
Turnover: €1.1m
Profit: €24,013
Solvency: 26.3%

Turnover▲ 124%

Net result

20232024

Go to Financials

Timeline

Events: 4
Since: 2023

11-11-2023Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: General construction of residential buildingsNACE 41001
Founded: 18-10-2021
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Key facts about GVG CONCEPT

What is the company number of GVG CONCEPT?: 0775.863.705. In Belgium the VAT number is the company number with BE in front: BE 0775.863.705.
Where is GVG CONCEPT based?: The registered office is at Bredestraat 42, 3090 Overijse.Company details
What does GVG CONCEPT do?: According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
What is the legal form of GVG CONCEPT?: Private limited company (BV).
When was GVG CONCEPT founded?: On 18-10-2021.
Is GVG CONCEPT still active?: Yes, GVG CONCEPT is an active enterprise in the KBO register.
What is the turnover of GVG CONCEPT?: €1.1m in financial year 2024, according to the filed annual accounts.Financials
Is GVG CONCEPT profitable?: In financial year 2024, GVG CONCEPT made a profit of €24,013.
Where can I find the annual accounts of GVG CONCEPT?: GVG CONCEPT filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2024.