GVG CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of GVG CONSTRUCT is 10.1% (high). For GVG CONSTRUCT, at least two annual filings are missing. The 2023 annual accounts show negative equity (-€75,055) and a net result of -€849. Equity has been shrinking by about 2.6% per year since 2018. The company has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 08-05-2006 Normal situation
- Registered office
- 29 active companies are registered at this address 2 started in the 12 months before. Source: KBO register, as of 2 November 2026.
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.158.509.821 7100 La Louvière, since 18-12-2006
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
- Bankruptcy probabilitywithin 12 months
- 10.1%
2023 figures too old to score
Annual accounts 2023
- Gross margin
- -€260
- Loss
- €849
- Equity
- -€75,055
- ▼ 1.1%
- Total assets
- €30,931
- ▼ 1.1%
- Negative equity on 31-12-2023
- 2024 accounts not filed, 460 days past the deadline
Turnover not published (micro format)
Signalsraises riskFigures for financial year 2023 (filed on 18-03-2025)2 financial years not filed after the legal deadline; last filed accounts filed 229 days late; 2 of the last 3 accounts lateLoss of €849 (financial year 2023)Two or more financial years not filed2023 accounts filed 229 days latelowers riskFounded in 2006Show the evidence
Bankruptcy probability
No current score
Figures too old
The latest figures are for FY 2023. They are too old for a current score.
Bankruptcy probability: High
Filing: At least two annual filings are missing
Financial strength, FY 2023 · tick: 2022
Weak
Solvency
0=
equity -242.7% of total assets
Liquidity
50=
short-term debt 342.7% · cash 100.0%
Profitability
31-69
return on assets -2.7%
Bankruptcy probability within 12 months
10.1%
High
0%0.5%1.5%4%10%≥ 25%
About 1 in 10 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 7.3%
01-2025: 10.3%▲ +3.0 percentage points vs 12-2024
02-2025: 10.3%● unchanged vs 01-2025
03-2025: 10.6%▲ +0.3 percentage points vs 02-2025
04-2025: 5.8%▼ -4.8 percentage points vs 03-2025
05-2025: 6.3%▲ +0.5 percentage points vs 04-2025
06-2025: 6.9%▲ +0.6 percentage points vs 05-2025
07-2025: 7.2%▲ +0.3 percentage points vs 06-2025
08-2025: 8.5%▲ +1.3 percentage points vs 07-2025
09-2025: 9.3%▲ +0.8 percentage points vs 08-2025
10-2025: 11.2%▲ +1.9 percentage points vs 09-2025highest value
11-2025: 4.6%▼ -6.6 percentage points vs 10-2025lowest value
12-2025: 5.9%▲ +1.3 percentage points vs 11-2025
01-2026: 9.9%▲ +4.0 percentage points vs 12-2025
02-2026: 9.9%● unchanged vs 01-2026
03-2026: 10.2%▲ +0.3 percentage points vs 02-2026
04-2026: 9.8%▼ -0.4 percentage points vs 03-2026
05-2026: 9.8%● unchanged vs 04-2026
06-2026: 9.8%● unchanged vs 05-2026
07-2026: 9.5%▼ -0.3 percentage points vs 06-2026
08-2026: 10.1%▲ +0.6 percentage points vs 07-2026
09-2026: 10.1%● unchanged vs 08-2026
10-2026: 10.1%● unchanged vs 09-2026
11-2026: 10.1%● unchanged vs 10-2026
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 year end31-07-2025 deadline03-11-2026 today
raises risk · 2023 accounts filed 229 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 17-03-2025, 229 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
229 days late
2022
32 days late
2021
10 days late
2020
27 days late
2019
116 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 5 accounts on average 83 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
Financials
Financials · financial year 2023, micro format
2024 annual accounts not yet filed, deadline passed on 31 July 2025 The financial year closed on 31 December 2024. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 3 November 2026.
Annual accounts 2023 filed on 17-03-2025 PDF all 17 filings
Equity
-€75,055▼ 1.1%
2022 · -€74,205
Total assets
€30,931▼ 1.1%
2022 · €31,262
Net result
-€849
2022 · €27,568
Working capital
-€75,055▼ 1.1%
2022 · -€74,205
Multi-year overview
2018 to 2023, 6 financial yearsOperating result
-€845
2023
20182023
Net result
-€849
2023
20182023
Equity
-€75,055
▼ 1.1%
2023
20182023
Total assets
€30,931
▼ 1.1%
2023
20182023
Debt
€105,986
▲ 0.5%
2023
20182023
Working capital
-€75,055
▼ 1.1%
2023
20182023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result-€11,245--€18,742▼ 66.7%-€4,881▲ 74.0%-€9,999▼ 105%€27,696-€845
Net result-€8,115--€21,533▼ 165%-€6,251▲ 71.0%-€9,225▼ 47.6%€27,568-€849
Equity-€64,764--€86,297▼ 33.2%-€92,548▼ 7.2%-€101,773▼ 10.0%-€74,205▲ 27.1%-€75,055▼ 1.1%
Total assets€375,404-€322,280▼ 14.2%€337,314▲ 4.7%€23,433▼ 93.1%€31,262▲ 33.4%€30,931▼ 1.1%
Debt€440,169-€408,577▼ 7.2%€429,862▲ 5.2%€125,206▼ 70.9%€105,468▼ 15.8%€105,986▲ 0.5%
Working capital-€66,051--€86,297▼ 30.7%-€110,739▼ 28.3%-€115,416▼ 4.2%-€74,205▲ 35.7%-€75,055▼ 1.1%
The operating result for 2023 is a loss of €845, after a profit of €27,696 in 2022.
Turnover and EBIT margin are not published. The micro format does not require them.
Key figures and ratios
Solvency
-242.7%▼
2022 · -237.4%
Current ratio
0.29▼
2022 · 0.30
ROA
-2.7%▼
2022 · 88.2%
Debt ≤ 1 year
€105,986▲
2022 · €105,468
Income taxes
€4
Supplier credit
1098 days
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | - | €260 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,287 | €1,287 | €4,548 | €4,548 | - | - | - |
| Other operating charges640/8 | - | - | - | €1,266 | €348 | €585 | ▲ 68.3% |
| Gross operating margin9900 | -€7,819 | -€15,341 | €1,481 | -€4,185 | €28,043 | -€260 | - |
| Operating profit (loss)9901 | -€11,245 | -€18,742 | -€4,881 | -€9,999 | €27,696 | -€845 | - |
| Financial income75/76B | - | - | - | €2 | - | - | - |
| Recurring financial income75 | €0 | - | - | €2 | - | - | - |
| Financial charges65/66B | - | - | - | €72 | €128 | - | - |
| Recurring financial charges65 | €98 | €684 | €357 | €72 | €128 | - | - |
| Profit (loss) for the period before taxes9903 | -€7,615 | -€19,426 | -€5,238 | -€10,069 | €27,568 | -€845 | - |
| Income taxes67/77 | €500 | €2,107 | €1,013 | -€844 | - | €4 | - |
| Profit (loss) for the period9904 | -€8,115 | -€21,533 | -€6,251 | -€9,225 | €27,568 | -€849 | - |
| Profit (loss) for the period to be appropriated9905 | -€8,115 | -€21,533 | -€6,251 | -€9,225 | €27,568 | -€849 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €375,404 | €322,280 | €337,314 | €23,433 | €31,262 | €30,931 | ▼ 1.1% |
| Fixed assets21/28 | €1,287 | - | €18,191 | €13,644 | - | - | - |
| Tangible fixed assets22/27 | €1,287 | - | €18,191 | €13,644 | - | - | - |
| Furniture and vehicles24 | - | - | - | €13,644 | - | - | - |
| Current assets29/58 | €374,118 | €322,280 | €319,123 | €9,790 | €31,262 | €30,931 | ▼ 1.1% |
| Stocks and contracts in progress3 | €3,661 | €3,661 | €3,661 | €3,661 | - | - | - |
| Stocks30/36 | - | - | - | €3,661 | - | - | - |
| Amounts receivable within one year40/41 | €370,327 | €314,168 | €314,345 | €5,833 | - | - | - |
| Trade receivables40 | - | - | - | €816 | - | - | - |
| Other amounts receivable41 | - | - | - | €5,017 | - | - | - |
| Cash at bank and in hand54/58 | €129 | €4,451 | €1,117 | €295 | €31,262 | €30,931 | ▼ 1.1% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €375,404 | €322,280 | €337,314 | €23,433 | €31,262 | €30,931 | ▼ 1.1% |
| Equity10/15 | -€64,764 | -€86,297 | -€92,548 | -€101,773 | -€74,205 | -€75,055 | ▼ 1.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | - | €6,200 | €6,200 | €6,200 | = |
| Issued capital100 | - | - | - | €18,600 | €18,600 | €18,600 | = |
| Uncalled capital101 | - | - | - | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €85 | €85 | €85 | €85 | €85 | €85 | ▼ 0.2% |
| Non-distributable reserves130/1 | - | - | - | €85 | €85 | €85 | ▼ 0.2% |
| Legal reserve130 | - | - | - | €85 | €85 | €85 | ▼ 0.2% |
| Profit (loss) carried forward14 | -€71,050 | -€92,582 | -€98,833 | -€108,058 | -€80,491 | -€81,340 | ▼ 1.1% |
| Amounts payable17/49 | €440,169 | €408,577 | €429,862 | €125,206 | €105,468 | €105,986 | ▲ 0.5% |
| Amounts payable within one year42/48 | €440,169 | €408,577 | €429,862 | €125,206 | €105,468 | €105,986 | ▲ 0.5% |
| Trade debts44 | €3,892 | €5,524 | €1,605 | €1,777 | €64 | €782 | ▲ 12× |
| Suppliers440/4 | - | - | - | €1,777 | €64 | €782 | ▲ 12× |
| Advances received on contracts in progress46 | - | - | - | €147 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €200 | €200 | - | - |
| Taxes450/3 | - | - | - | €200 | €200 | - | - |
| Other amounts payable47/48 | - | - | - | €123,082 | €105,204 | €105,204 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,115 | -€21,533 | -€6,251 | -€9,225 | €27,568 | -€849 | - |
| + Depreciation and write-downs630 | €1,287 | €1,287 | €4,548 | €4,548 | - | - | - |
| Operating cash flow (approximation) | -€6,828 | -€20,246 | -€1,703 | -€4,677 | €27,568 | -€849 | - |
| Investment in fixed assets (approximation) | - | - | - | €0 | - | - | - |
| Change in cash | - | €4,322 | -€3,335 | -€821 | €30,967 | -€331 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | micro format | 17-03-2025 | 2025-00049692 | |
| 31-12-2022 | micro format | 01-09-2023 | 2023-00416170 | |
| 31-12-2021 | micro format | 10-08-2022 | 2022-20283777 | |
| 31-12-2020 | micro format | 27-08-2021 | 2021-56900363 | |
| 31-12-2019 | micro format | 24-11-2020 | 2020-72700066 | |
| 31-12-2018 | micro format | 20-12-2019 | 2019-77100108 | |
| 31-12-2017 | micro format | 21-12-2018 | 2018-75900378 | |
| 31-12-2016 | micro format | 15-01-2018 | 2018-01700401 | |
| 31-12-2015 | full format | 28-02-2017 | 2017-05700011 | |
| 31-12-2014 | full format | 13-10-2015 | 2015-64700128 |
Board & ownership
Directors
Directors
1 director, last change in 2023
Gianni FASCELLA
Current
Sole director · appointed in the act of 19-10-2023 · term without a fixed end · also on the board of 1 other company
Owners and capital
Shareholders
Share transfer
act of 19-10-2023 ↗
- to Gianni FASCELLA 186 shares
Mandate history
2 people, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Gianni FASCELLA |
|
| Francis POCHET |
|
Network & group
Connections & network
2 connected companiesThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
DETRONIC
via Gianni FASCELLA · Director
→
ECOSPHERE-EMS
via Gianni FASCELLA · Administrateur administrateur délégué représentant permanent
former→
Timeline
Acts, filings and financial milestones
2025
17-03
micro format · 229 days late
2023
19-10
Gazette deed
Registered office moved within BincheTransfer of 186 shares · Resignation: Francis POCHET (manager) · Appointment: Gianni FASCELLA (sole director)8 points ▸
Gazette deed
Registered office moved within Binche
Transfer of 186 shares · Resignation: Francis POCHET (manager) · Appointment: Gianni FASCELLA (sole director)8 points ▸
- General meeting, 01-01-2023
- Share transfer, Gianni FASCELLA
- Director resignation, Francis POCHET (manager)
- Other provision, “suppression of prior powers”, 01-01-2023 (deed in French)
- Director appointment, Gianni FASCELLA (sole director)
- Director discharge, Francis POCHET (manager)
- Registered-office move, avenue Léopold III, 25 - 7134 Binche (Péronnes-Lez-Binche)
- Other provision, “unanimité des voix, adoption of resolutions” (deed in French)
01-09
micro format · 32 days late
2022
31-12
Financial
Back to profitnet €27,568
The net result is €27,568, after 4 loss-making years.
10-08
micro format · 10 days late
2021
27-08
micro format · 27 days late
2020
24-11
micro format · 116 days late
2019
31-12
Financial
Weakest financial yearnet -€21,533
The net result drops to -€21,533, the lowest from 2018 to 2023. It recovers the following year.
20-12
micro format · 142 days late
2018
2017
28-02
full format · 212 days late
2015
13-10
full format · 74 days late
2006
17-05
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
GVG CONSTRUCT in French
Enterprise number
0881.160.668
Legal form
Private limited company (pre-2019)
Status
Active, normale toestand
Founded
08-05-2006
Entity type
Legal entity
Registered office and establishments
Registered office
Avenue Léopold III(PER) 25, 7134 Binche, Belgium
1 former office
- Rue du Longfaux 126, 7133 Binche until 01-01-2023 · act of 19-10-2023
Establishment unit
GVG CONSTRUCT, Rue Louis Bertrand(L.L) 118, 7100 La Louvière since 18-12-2006 · unit number 2.158.509.8213320001
Invoicing and payment
VAT number
BE 0881.160.668
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the addresses
Ground area
564 m²
Building footprint
159 m²
Building volume
949 m³
Tallest building: 11.5 m.
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 55032A0203/00S005indicative | Wallonia | 395 m² | 1 · 121 m² | 11.5 m · 3 |
| 55372C0077/00W028 | Wallonia | 169 m² | 1 · 38 m² | - |