G.V.E. (0480.395.567): financials and annual accounts

G.V.E.

Antwerp ·KBO/BCE: BE 0480.395.567

Line	2025	2024	2023	2022	2021	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	5,490	6,581	5,125	6,995	9,063	8,480	26,386	24,578	40,035	36,636	52,114	9,212	8,533	13,230	13,739	16,634	15,224	27,203	27,187
Fixed assets`21/28`	3,110	3,110	3,616	4,658	3,110	3,110	3,110	3,282	3,596	3,396	3,110	3,110	5,540	3,618	4,408	9,355	13,240	9,474	11,423
Tangible fixed assets`22/27`	-	-	506	1,548	-	-	-	172	486	286	-	-	2,430	508	1,298	6,245	10,130	6,364	8,813
Land and buildings`22`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	836	2,175	3,513	4,852
Plant, machinery and equipment`23`	-	-	-	-	-	-	-	-	-	-	-	-	213	508	1,298	2,089	1,316	850	461
Furniture and vehicles`24`	-	-	506	1,548	-	-	-	172	486	286	-	-	2,217	-	-	3,319	6,639	2,000	3,500
Financial fixed assets`28`	3,110	3,110	3,110	3,110	3,110	3,110	3,110	3,110	3,110	3,110	3,110	3,110	3,110	3,110	3,110	3,110	3,110	3,110	2,610
Current assets`29/58`	2,380	3,471	1,509	2,337	5,953	5,370	23,276	21,296	36,438	33,240	49,004	6,102	2,993	9,612	9,331	7,279	1,984	17,729	15,764
Amounts receivable after more than one year`29`	-	-	-	-	-	-	7,235	7,235	18,304	-	-	-	-	-	-	-	-	-	-
Other amounts receivable`291`	-	-	-	-	-	-	7,235	7,235	18,304	-	-	-	-	-	-	-	-	-	-
Stocks and contracts in progress`3`	-	-	-	-	-	-	-	-	-	-	-	-	2,275	4,750	4,820	4,603	563	800	943
Stocks`30/36`	-	-	-	-	-	-	-	-	-	-	-	-	2,275	4,750	4,820	4,603	563	800	943
Amounts receivable within one year`40/41`	1,692	2,072	190	2,296	2,876	5,321	15,712	13,636	14,779	31,109	48,212	373	465	320	-	1,547	125	1,835	14,771
Trade receivables`40`	411	217	-	1,770	1,929	4,380	6,914	7,173	8,327	2,531	34,405	-	398	-	-	-	-	-	-
Other amounts receivable`41`	1,281	1,855	190	526	946	941	8,798	6,463	6,452	28,578	13,808	373	68	320	-	1,547	125	1,835	14,771
Current investments`50/53`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,296	-	-
Cash at bank and in hand`54/58`	639	1,351	1,274	-	2,559	49	330	426	3,013	2,131	791	5,729	252	3,989	4,305	1,130	-	15,094	50
Deferred charges and accrued income`490/1`	49	48	45	42	518	-	-	-	343	-	-	-	-	553	206	-	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	5,490	6,581	5,125	6,995	9,063	8,480	26,386	24,578	40,035	36,636	52,114	9,212	8,533	13,230	13,739	16,634	15,224	27,203	27,187
Equity`10/15`	-5,804	-10,470	-18,373	-12,089	-20,923	1,482	2,124	18,613	19,144	15,218	14,745	7,548	4,885	12,326	11,748	9,358	8,904	6,740	-3,482
Contributions`10/11`	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	12,400
Capital`10`	-	-	-	-	18,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Uncalled capital`101`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,200
Contributions outside capital`11`	18,600	18,600	18,600	18,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other`1109/19`	18,600	18,600	18,600	18,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reserves`13`	13	13	13	13	13	13	13	13	544	186	186	186	186	186	186	-	-	-	-
Non-distributable reserves`130/1`	13	13	13	13	13	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	13	13	13	13	544	186	186	186	186	186	186	-	-	-	-
Reserves not available under the articles`1311`	13	13	13	13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	-24,417	-29,084	-36,987	-30,702	-39,536	-17,131	-16,490	-	-	-3,568	-4,041	-11,238	-13,901	-6,460	-7,038	-9,242	-9,696	-11,860	-15,882
Amounts payable`17/49`	11,294	17,051	23,498	19,084	29,986	6,998	24,262	5,965	20,890	21,418	37,369	1,664	3,648	904	1,991	7,276	6,320	20,463	30,669
Amounts payable within one year`42/48`	11,294	17,051	23,498	19,084	29,986	6,998	24,262	5,965	20,886	21,418	37,369	1,664	3,648	904	1,991	7,276	6,320	20,463	30,669
Financial debts`43`	-	-	-	109	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,154
Credit institutions`430/8`	-	-	-	109	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,154
Trade debts`44`	1,881	-	4,157	1,020	5,885	3,713	10,668	3,883	10,007	18,897	23,250	1,664	-	413	154	1,428	182	1,442	13,155
Suppliers`440/4`	1,881	-	4,157	1,020	5,885	3,713	10,668	3,883	10,007	18,897	23,250	1,664	-	413	154	1,428	182	1,442	13,155
Advances received on contracts in progress`46`	-	-	3,123	-	-	-	-	79	-	1,000	10,270	-	-	-	-	-	-	-	-
Taxes, remuneration and social security`45`	171	551	107	107	-	2,758	13,506	2,004	4,979	1,521	3,848	-	3,648	491	395	1,266	348	2,269	1,282
Taxes`450/3`	171	551	107	107	-	2,758	1,379	2,004	4,979	301	3,848	-	3,648	491	395	141	348	2,269	1,282
Remuneration and social security`454/9`	-	-	-	-	-	-	12,127	-	-	1,220	-	-	-	-	-	1,125	-	-	-
Other amounts payable`47/48`	9,243	16,500	16,111	17,848	24,100	527	88	-	5,900	-	-	-	-	-	1,441	4,583	5,790	16,752	14,078
Accrued charges and deferred income`492/3`	-	-	-	-	-	-	-	-	4	-	-	-	-	-	-	-	-	-	-
Income statement
Non-recurring operating income`76A`	-	-	-	-	-	-	-	-	-	-	-	9,220	-	992	-	-	-	-	-
Gross operating margin`9900`	7,477	10,481	-1,632	11,939	4,671	8,989	-15,772	1,396	13,589	936	11,195	-3,476	-3,308	1,005	9,170	7,752	12,591	10,151	-9,079
Remuneration, social security and pensions`62`	-	-	-	-	-	-	-	-	-	297	-	-	-	-	-	-	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	-	506	1,043	537	-	-	172	315	315	143	-	-	1,149	791	4,946	5,668	5,113	3,110	2,890
Other operating charges`640/8`	2,487	792	3,114	1,940	2,948	660	472	2,002	291	718	92	2,048	2,908	573	1,773	1,551	3,148	2,956	1,162
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	-	-	-	952	-	-	-	-	2,100	-	-
Operating profit (loss)`9901`	4,991	9,183	-5,789	9,462	1,723	8,329	-16,416	-921	12,984	-223	11,103	-5,523	-7,365	-359	2,451	533	4,330	4,086	-13,131
Financial income`75/76B`	16	-	-	-	583	-	4	1,002	2,144	945	-	1	0	-	-	22	1	-	116
Recurring financial income`75`	16	-	-	-	583	-	4	1,002	2,144	945	-	1	0	-	-	22	1	-	116
Financial charges`65/66B`	340	1,110	496	627	1,457	1,787	78	378	129	54	58	82	76	56	61	100	67	64	236
Recurring financial charges`65`	340	1,110	496	627	1,457	1,787	78	378	129	54	58	82	76	56	61	100	67	64	236
Profit (loss) for the period before taxes`9903`	4,666	8,074	-6,284	8,834	848	6,542	-16,490	-297	14,999	668	11,045	2,663	-7,441	577	2,391	455	2,164	4,022	-13,251
Income taxes`67/77`	-	171	-	-	-6,648	7,184	-	234	5,173	194	3,848	-	-	-	-	-	-	-	-
Profit (loss) for the period`9904`	4,666	7,903	-6,284	8,834	7,497	-642	-16,490	-531	9,826	473	7,197	2,663	-7,441	577	2,391	455	2,164	4,022	-13,251
Profit (loss) for the period to be appropriated`9905`	4,666	7,903	-6,284	8,834	7,497	-642	-16,490	-531	9,826	473	7,197	2,663	-7,441	577	2,391	455	2,164	4,022	-13,251
Appropriation of the result
Profit (loss) to be appropriated`9906`	-24,417	-29,084	-36,987	-30,702	-39,536	-17,131	-16,490	-531	6,258	-3,568	-4,041	-11,238	-13,901	-6,460	-6,852	-9,242	-9,696	-11,860	-15,882
Profit (loss) brought forward from the previous period`14P`	-29,084	-36,987	-30,702	-39,536	-47,033	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	-	-	-	-	-	-	531	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	-	-	-	-	-	358	-	-	-	-	-	186	-	-	-	-
To the legal reserve`6920`	-	-	-	-	-	-	-	-	358	-	-	-	-	-	186	-	-	-	-
Profit to be distributed`694/7`	-	-	-	-	-	-	-	-	5,900	-	-	-	-	-	-	-	-	-	-
Return on contributions (dividend)`694`	-	-	-	-	-	-	-	-	5,900	-	-	-	-	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
30-09-2025	micro format	18-03-2026	2026-00058242	PDF
30-09-2024	micro format	28-08-2025	2025-00447239	PDF
30-09-2023	micro format	30-04-2024	2024-00084485	PDF
30-09-2022	micro format	29-03-2023	2023-00054989	PDF
30-09-2021	micro format	16-06-2022	2022-20071853	PDF
30-09-2019	micro format	10-06-2020	2020-15800491	PDF
30-09-2018	micro format	02-05-2019	2019-12400182	PDF
30-09-2017	micro format	24-01-2019	2019-02300558	PDF
30-09-2016	abbreviated format	17-03-2017	2017-06600249	PDF
30-09-2015	abbreviated format	29-03-2016	2016-08100351	PDF
30-09-2014	abbreviated format	31-03-2015	2015-08400117	PDF
30-09-2013	abbreviated format	27-05-2014	2014-14300006	PDF
30-09-2012	abbreviated format	04-04-2013	2013-08600515	PDF
30-09-2011	abbreviated format	28-03-2012	2012-07600222	PDF
30-09-2010	abbreviated format	08-04-2011	2011-08100482	PDF
30-09-2009	abbreviated format	27-04-2010	2010-09900032	PDF
30-09-2008	abbreviated format	03-06-2009	2009-19300101	PDF
30-09-2007	abbreviated format	29-08-2008	2008-64900063	PDF
30-09-2006	abbreviated format	22-05-2007	2007-15300193	PDF
30-09-2005	abbreviated format	28-04-2006	2006-12702026	PDF
30-09-2004	abbreviated format	18-05-2005	2005-15305138	PDF

Line	2025	2024	2023	2022	2021	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	-	9,689	-4,746	9,999	-	-	-16,244	-606	13,298	-80	-	-	-6,216	432	7,398	6,201	9,443	7,196	-10,241
Cash flow	-	8,408	-5,242	9,371	-	-	-16,318	-216	10,140	616	-	-	-6,292	1,368	7,337	6,123	7,277	7,132	-10,361
Investment in fixed assets (approximation)	-	0	0	2,085	-	-	0	0	515	429	-	-	3,072	0	0	1,783	10,880	1,160	512
Change in cash	-712	77	-	-	-	-280	-96	-2,587	882	1,340	-4,938	5,477	-3,737	-316	3,175	-	-	15,044	-
Working capital	-8,914	-13,580	-21,989	-16,747	-24,033	-1,628	-986	15,332	15,553	11,823	11,635	4,438	-656	8,708	7,340	3	-4,336	-2,734	-14,905
Solvency	-105.7%	-159.1%	-358.5%	-172.8%	-230.9%	17.5%	8.0%	75.7%	47.8%	41.5%	28.3%	81.9%	57.2%	93.2%	85.5%	56.3%	58.5%	24.8%	-12.8%
Current ratio	0.21	0.20	0.06	0.12	0.20	0.77	0.96	3.57	1.74	1.55	1.31	3.67	0.82	10.63	4.69	1.00	0.31	0.87	0.51
Quick ratio	0.21	0.20	0.06	0.12	0.20	0.77	0.96	3.57	1.74	1.55	1.31	3.67	0.20	5.38	2.27	0.37	0.22	0.83	0.48
Debt to equity	-	-	-	-	-	4.72	11.42	0.32	1.09	1.41	2.53	0.22	0.75	0.07	0.17	0.78	0.71	3.04	-
ROE	-	-	-	-	-	-43.3%	-776.5%	-2.9%	51.3%	3.1%	48.8%	35.3%	-152.3%	4.7%	20.3%	4.9%	24.3%	59.7%	-
ROA	85.0%	120.1%	-122.6%	126.3%	82.7%	-7.6%	-62.5%	-2.2%	24.5%	1.3%	13.8%	28.9%	-87.2%	4.4%	17.4%	2.7%	14.2%	14.8%	-48.7%
Interest coverage	-	8.73	-9.57	15.94	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	30-09-2025	30-09-2024	30-09-2023	30-09-2022	30-09-2021
Tangible fixed assets	-	-	-	€2,085	-
Depreciation and write-downs of the year	-	€506	€1,043	€537	-

G.V.E.

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency-105.7%

Current ratio0.21

Return on assets85.0%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on G.V.E.

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