Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 22 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GS Construct from Denderleeuw, company number BE0717618767, closed financial year 2025 with a result of € -53,271 after tax. For that financial year GS Construct recorded a gross margin of € 37,560 and equity of € -14,728. Compared with financial year 2024, the result moved from € 4,784 to € -53,271. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ -14,728
▼ € 53,271 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -53,271
▼ still € 4,784 profit in 2024
Profit after tax over the fiscal year.
€ 6,387
▼ 84% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -20,928.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 57,724
▼ 2% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 4,619
▼ 70% vs 2024
Of which on lease € 2,985.
Debts at end 2025
€ 252,326
▼ 4% vs 2024
€ 37,116 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 19,786
▼ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,259
▼ 16% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 35,354 | € 96,828 | € 85,799 | € 37,560 | ▼ 56% |
| Profit after taxes | € -31,339 | € 27,212 | € 4,784 | € -53,271 | ▼ € 58,055 |
| Equity | € 6,547 | € 33,759 | € 38,543 | € -14,728 | ▼ € 53,271 |
| Total debts | € 101,934 | € 134,961 | € 346,996 | € 344,770 | ▼ 1% |
| Cash | € 41,899 | € 51,802 | € 40,467 | € 6,387 | ▼ 84% |
| Land & buildings | - | - | € 239,082 | € 288,889 | ▲ 21% |
| Retained profit | € 347 | € 27,559 | € 32,343 | € -20,928 | ▼ € 53,271 |
| Bank debt | € 15,284 | € 10,126 | € 262,451 | € 252,326 | ▼ 4% |
| Balance sheet total | € 108,481 | € 168,721 | € 385,539 | € 330,042 | ▼ 14% |
Key figures of GS Construct, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to GS Construct?
What happened at GS Construct in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 53,271 (▼ € 58,055 vs 2024). Source: NBB ↗
- New establishment in Denderleeuw. KBO
- Start of the company according to the CBE. KBO
In short
From € 31,339 loss in 2022 to € 53,271 loss in 2025.
Best year ever: 2023, with € 27,212 profit.
Management
Behind GS Construct is Stijn Guldemont.
Directors
According to the 2025 annual accounts
Stijn Guldemont
Director
Establishments
Establishment units
Physical locations of this company
Haagbeuk 16
9470 Denderleeuw
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0717.618.767
- VAT number
- BE 0717.618.767
- Registered office
- Haagbeuk 16, 9470 Denderleeuw
- Names & denominations
- GS Construct
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 January 2019
- Peppol
- Active · Active since 26 Aug 2025
- Activities · NACE
Schrijnwerk