Gudi Construct
ActiveSummary
The computed 12-month bankruptcy probability of Gudi Construct is 3.8% (moderate). The 2025 annual accounts show negative equity (€-986k) and a net result of €-1.16M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 7838 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-2
Solvency0▼-37
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.37 against 0.91 in 2024; short-term debt: 182.2% and cash: 3.7% 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.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
-93.9%
Return on assets
-110.9%
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
22232425
2022 to 2025 · latest year €-986k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
31 d late
2024
6 d early
2023
12 d late
2022
4 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
Equity
€-986k
2024 · €178k
2022: €65k
2023: €377k▲ +483% vs 2022highest in 4 years
2024: €178k▼ -52.7% vs 2023
2025: €-986k▼ -652% vs 2024lowest in 4 years
2022 → 2025
Total assets
€1.05M▼ 31.0%
2024 · €1.52M
2022: €2.03M
2023: €2.31M▲ +14.1% vs 2022highest in 4 years
2024: €1.52M▼ -34.2% vs 2023
2025: €1.05M▼ -31.0% vs 2024lowest in 4 years
2022 → 2025
Net result
€-1.16M▼ 485%
2024 · €-199k
2022: €80k
2023: €365k▲ +357% vs 2022highest in 4 years
2024: €-199k▼ -155% vs 2023
2025: €-1.16M▼ -485% vs 2024lowest in 4 years
2022 → 2025
Working capital
€-1.20M▼ 1,082%
2024 · €-102k
2022: €-340k
2023: €43k▲ +113% vs 2022highest in 4 years
2024: €-102k▼ -335% vs 2023
2025: €-1.20M▼ -1082% vs 2024lowest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€65k-€377k▲ 483%€178k▼ 52.7%€-986k
2022: €65k
2023: €377k▲ +483% vs 2022highest in 4 years
2024: €178k▼ -52.7% vs 2023
2025: €-986k▼ -652% vs 2024lowest in 4 years
Operating result€62k-€436k▲ 606%€-147k€-1.11M▼ 656%
2022: €62k
2023: €436k▲ +606% vs 2022highest in 4 years
2024: €-147k▼ -134% vs 2023
2025: €-1.11M▼ -656% vs 2024lowest in 4 years
Net result€80k-€365k▲ 357%€-199k€-1.16M▼ 485%
2022: €80k
2023: €365k▲ +357% vs 2022highest in 4 years
2024: €-199k▼ -155% vs 2023
2025: €-1.16M▼ -485% vs 2024lowest in 4 years
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 €1.11M in 2025 against €147k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.05M
Fixed assets
€342k ▼ 24.3%
Current assets
€708k ▼ 33.8%
Key figures and ratios
EBITDA
€-1.04M▼
2024 · €-45k
Cash flow
€-1.09M▼
2024 · €-97k
Solvency
-93.9%▼
2024 · 11.7%
Current ratio
0.37▼
2024 · 0.91
Quick ratio
0.19▼
2024 · 0.63
Debt to equity
-2.06▼
2024 · 7.52
ROA
-110.9%▼
2024 · -13.1%
Interest coverage
-19.60▼
2024 · -0.81
Debt
€2.03M▲
2024 · €1.34M
Debt ≤ 1 year
€1.91M▲
2024 · €1.17M
Debt > 1 year
€123k▼
2024 · €171k
Income taxes
€306▲
2024 · €213
Staff costs
€827k▼
2024 · €873k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.52M€1.05M▼
Fixed assets21/28€451k€342k▼
Tangible fixed assets22/27€432k€322k▼
Plant, machinery and equipment23€187k€190k▲
Furniture and vehicles24€5k€9k▲
Leasing and similar rights25€43k€29k▼
Other tangible fixed assets26€197k€94k▼
Financial fixed assets28€20k€20k=
Current assets29/58€1.07M€708k▼
Stocks and contracts in progress3€332k€351k▲
Stocks30/36€196k€304k▲
Contracts in progress37€135k€47k▼
Amounts receivable within one year40/41€578k€306k▼
Trade receivables40€413k€282k▼
Other amounts receivable41€165k€25k▼
Cash at bank and in hand54/58€139k€39k▼
Deferred charges and accrued income490/1€21k€12k▼
Equity and liabilities
Total equity and liabilities10/49€1.52M€1.05M▼
Equity10/15€178k€-986k▼
Contributions10/11€30k€30k=
Reserves13€148k€148k=
Distributable reserves133€148k€148k=
Profit (loss) carried forward14-€-1.16M
Amounts payable17/49€1.34M€2.03M▲
Amounts payable after more than one year17€171k€123k▼
Financial debts170/4€171k€123k▼
Amounts payable within one year42/48€1.17M€1.91M▲
Current portion of amounts payable after more than one year42€47k€70k▲
Financial debts43€800k€800k=
Credit institutions430/8€800k€800k=
Trade debts44€132k€416k▲
Suppliers440/4€132k€416k▲
Taxes, remuneration and social security45€193k€79k▼
Taxes450/3€142k€10k▼
Remuneration and social security454/9€51k€69k▲
Other amounts payable47/48-€547k
Accrued charges and deferred income492/3-€167
Income statement
Code20242025
Non-recurring operating income76A-€11k
Remuneration, social security and pensions62€873k€827k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€102k€72k▼
Other operating charges640/8€15k€10k▼
Non-recurring operating charges66A-€89k
Gross operating margin9900€843k€-113k▼
Operating profit (loss)9901€-147k€-1.11M▼
Financial income75/76B€4k€165▼
Recurring financial income75€4k€165▼
Financial charges65/66B€55k€53k▼
Recurring financial charges65€55k€53k▼
Profit (loss) for the period before taxes9903€-199k€-1.16M▼
Income taxes67/77€213€306▲
Profit (loss) for the period9904€-199k€-1.16M▼
Profit (loss) for the period to be appropriated9905€-199k€-1.16M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-199k€-1.16M▼
Transfer from equity791/2€199k-
Social balance
Average headcount (FTE)908716.614.9▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €11k | - |
| Remuneration, social security and pensions62 | €1.66M | €1.09M | €873k | €827k | ▼ 5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €145k | €127k | €102k | €72k | ▼ 30.0% |
| Other operating charges640/8 | €12k | €34k | €15k | €10k | ▼ 33.7% |
| Non-recurring operating charges66A | €500 | €990 | - | €89k | - |
| Gross operating margin9900 | €1.88M | €1.69M | €843k | €-113k | ▼ 113% |
| Operating profit (loss)9901 | €62k | €436k | €-147k | €-1.11M | ▼ 656% |
| Financial income75/76B | €59k | €95k | €4k | €165 | ▼ 95.4% |
| Recurring financial income75 | €59k | €95k | €4k | €165 | ▼ 95.4% |
| Financial charges65/66B | €27k | €57k | €55k | €53k | ▼ 4.4% |
| Recurring financial charges65 | €27k | €57k | €55k | €53k | ▼ 4.4% |
| Profit (loss) for the period before taxes9903 | €93k | €475k | €-199k | €-1.16M | ▼ 485% |
| Income taxes67/77 | €14k | €110k | €213 | €306 | ▲ 43.6% |
| Profit (loss) for the period9904 | €80k | €365k | €-199k | €-1.16M | ▼ 485% |
| Profit (loss) for the period to be appropriated9905 | €80k | €365k | €-199k | €-1.16M | ▼ 485% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €2.03M | €2.31M | €1.52M | €1.05M | ▼ 31.0% |
| Fixed assets21/28 | €609k | €551k | €451k | €342k | ▼ 24.3% |
| Tangible fixed assets22/27 | €589k | €530k | €432k | €322k | ▼ 25.4% |
| Plant, machinery and equipment23 | €274k | €222k | €187k | €190k | ▲ 1.7% |
| Furniture and vehicles24 | €57k | €21k | €5k | €9k | ▲ 97.7% |
| Leasing and similar rights25 | - | €56k | €43k | €29k | ▼ 31.9% |
| Other tangible fixed assets26 | €257k | €230k | €197k | €94k | ▼ 52.6% |
| Financial fixed assets28 | €21k | €22k | €20k | €20k | = |
| Current assets29/58 | €1.42M | €1.76M | €1.07M | €708k | ▼ 33.8% |
| Stocks and contracts in progress3 | €409k | €522k | €332k | €351k | ▲ 5.8% |
| Stocks30/36 | €245k | €355k | €196k | €304k | ▲ 54.9% |
| Contracts in progress37 | €163k | €167k | €135k | €47k | ▼ 65.6% |
| Amounts receivable within one year40/41 | €559k | €656k | €578k | €306k | ▼ 47.1% |
| Trade receivables40 | €527k | €642k | €413k | €282k | ▼ 31.8% |
| Other amounts receivable41 | €32k | €15k | €165k | €25k | ▼ 85.1% |
| Cash at bank and in hand54/58 | €442k | €563k | €139k | €39k | ▼ 71.7% |
| Deferred charges and accrued income490/1 | €8k | €19k | €21k | €12k | ▼ 45.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €2.03M | €2.31M | €1.52M | €1.05M | ▼ 31.0% |
| Equity10/15 | €65k | €377k | €178k | €-986k | ▼ 652% |
| Contributions10/11 | €30k | €30k | €30k | €30k | = |
| Reserves13 | €35k | €347k | €148k | €148k | = |
| Distributable reserves133 | €35k | €347k | €148k | €148k | = |
| Profit (loss) carried forward14 | €0 | €0 | - | €-1.16M | - |
| Amounts payable17/49 | €1.96M | €1.93M | €1.34M | €2.03M | ▲ 51.6% |
| Amounts payable after more than one year17 | €204k | €217k | €171k | €123k | ▼ 28.1% |
| Financial debts170/4 | €204k | €217k | €171k | €123k | ▼ 28.1% |
| Amounts payable within one year42/48 | €1.76M | €1.72M | €1.17M | €1.91M | ▲ 63.2% |
| Current portion of amounts payable after more than one year42 | €33k | €45k | €47k | €70k | ▲ 49.4% |
| Financial debts43 | - | €1.05M | €800k | €800k | = |
| Credit institutions430/8 | - | €1.05M | €800k | €800k | = |
| Trade debts44 | €621k | €102k | €132k | €416k | ▲ 215% |
| Suppliers440/4 | €621k | €102k | €132k | €416k | ▲ 215% |
| Advances received on contracts in progress46 | - | €175k | - | - | - |
| Taxes, remuneration and social security45 | €156k | €267k | €193k | €79k | ▼ 59.0% |
| Taxes450/3 | €33k | €146k | €142k | €10k | ▼ 93.2% |
| Remuneration and social security454/9 | €123k | €121k | €51k | €69k | ▲ 36.0% |
| Other amounts payable47/48 | €948k | €83k | - | €547k | - |
| Accrued charges and deferred income492/3 | - | - | - | €167 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €80k | €365k | €-199k | €-1.16M | ▼ 485% |
| + Depreciation and write-downs630 | €145k | €127k | €102k | €72k | ▼ 30.0% |
| Operating cash flow (approximation) | €225k | €491k | €-97k | €-1.09M | ▼ 1,028% |
| Investment in fixed assets (approximation) | - | €-69k | €-2k | €38k | ▲ 2,139% |
| Change in cash | - | €121k | €-425k | €-99k | ▲ 76.6% |
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
23-09
State Gazette act
Resignation: INVEST 2+ besloten vennootschap (director)Appointment: ALUINVEST besloten vennootschap (director) · Permanent representative: LOWIES Chris · Capital increase14 facts ▸
State Gazette act
Resignation: INVEST 2+ besloten vennootschap (director)
Appointment: ALUINVEST besloten vennootschap (director) · Permanent representative: LOWIES Chris · Capital increase14 facts ▸
- General meeting, 11-09-2026
- Capital increase, €1.450.000
- Shareholding, 11-09-2026, 300
- Declaration, geen nieuwe aandelen uitgegeven, inbreng door de enige aandeelhouder
- Declaration, enige aandeelhouder volledig op de hoogte van statuten en financiële toestand
- Capital contribution, €1.450.000
- Approval, vaststelling dat de verhoging van het eigen vermogen is verwezenlijkt, 1450000
- Director resignation, INVEST 2+ besloten vennootschap (director)
- Director discharge, INVEST 2+ besloten vennootschap (director)
- Director appointment, ALUINVEST besloten vennootschap (director)
- Permanent representative, LOWIES Chris (permanent representative)
- Declaration, verboden bedoeld in artikel 6 van voormelde wet, geen veroordeling tot een verbod in hoofde van de bestuurder en haar vaste vertegenwoordiger
- +2 further facts in this act
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-1.16M
Net result drops to €-1.16M, the lowest in the series.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 12 days late
2023
31-12
Financial
Highest result since 2022net €365k ▲357%
Operating result €436k, net result €365k, both a record.
31-12
Financial
Equity above €200kEq €377k ▲483%
2 profitable years in a row build equity to €377k.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
AluInvest
CurrentDirector · since 11-09-2026 · Private limited company · perm. rep.: LOWIES Chris
11-09-2026
AluInvest: Appointed as Director
11-09-2026
INVEST 2+ besloten vennootschap: Resigned as Director
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Erpe-Mere · 1 establishment unit since 2021
Ground area
5,007 m²
Building footprint
1,059 m²
Volume, LiDAR
6,692 m³
Parcel 41016D0938/00K000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Gudi Construct
since 20212.317.233.889
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41016D0938/00K000 | Flanders | 5,007 m² | 1 · 1,059 m² | 8.1 m · 2 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.
Structure & network
Capital and shareholders
Capital over the years
- 23-09-2026 Capital increase of 1,450,000 EUR · to 1,480,000 EUR · no new shares
Recognitions · licences · registrations
Recognised contractor
1 categoryGudi Construct BV28302
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Of 20,018 companies in sector 43320 we hold annual accounts for 9,132. 7,518 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
Founded02-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43240Other construction installation
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.