GAVA
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 06-06-2024 was due by 06-01-2025 and was filed on 03-07-2024, 187 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2024
187 d early
2023
1 d early
2022
on the day
2021
56 d early
2020
66 d early
2019
on the day
2018
27 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 48 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€61,973▼ 93.8%
2023 · €994,223
Total assets
€990,529▼ 5.1%
2023 · €1.0m
Net result
-€4,281
2023 · €448,191
Working capital
€61,973▼ 93.8%
2023 · €993,290
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€31,959▲ 15.0%-€72,720▼ 128%€139,633-€78,505-€3,691▲ 95.3%
Net result-€26,990▲ 38.3%-€67,938▼ 152%€82,221€448,191▲ 445%-€4,281
Equity€531,750▼ 4.8%€463,812▼ 12.8%€546,033▲ 17.7%€994,223▲ 82.1%€61,973▼ 93.8%
Total assets€601,646▼ 6.8%€557,495▼ 7.3%€753,621▲ 35.2%€1.0m▲ 38.5%€990,529▼ 5.1%
Debt€19,816▼ 40.7%€46,666▲ 135%€207,588▲ 345%€49,359▼ 76.2%€928,556▲ 1,781%
Working capital€97,882▼ 10.6%€47,380▼ 51.6%€211,076▲ 346%€993,290▲ 371%€61,973▼ 93.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2023 Net result +445% on 2022. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3,691 in 2024 against €78,505 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €990,529
Equity
€61,973 ▼ 93.8%
Debt
€928,556 ▲ 1,781%
Debt's share of the balance-sheet total rises from 4.7% to 93.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€3,691▲
2023 · -€78,000
Cash flow
-€4,281▼
2023 · €448,696
Current ratio
1.07▼
2023 · 21.12
Debt to equity
14.98▲
2023 · 0.05
ROE
-6.9%▼
2023 · 45.1%
ROA
-0.4%▼
2023 · 42.9%
Interest coverage
-30.92▲
2023 · -175.00
Debt ≤ 1 year
€928,556▲
2023 · €49,359
Income taxes
€470▼
2023 · €45,435
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €203,632 | €5,125 | €11,360 | ▲ 122% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,855 | €23,250 | €3,355 | €505 | €0 | ▼ 100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€1,625 | -€17,953 | ▼ 1,005% |
| Other operating charges640/8 | - | - | €3,872 | €2,527 | €18,168 | ▲ 619% |
| Non-recurring operating charges66A | - | - | - | - | €433 | - |
| Gross operating margin9900 | -€300 | -€45,244 | €146,861 | -€77,098 | -€3,043 | ▲ 96.1% |
| Operating profit (loss)9901 | -€31,959 | -€72,720 | €139,633 | -€78,505 | -€3,691 | ▲ 95.3% |
| Financial income75/76B | - | - | €8,411 | €572,576 | €0 | ▼ 100% |
| Recurring financial income75 | €2,937 | €2,630 | €8,411 | €0 | €0 | - |
| Non-recurring financial income76B | - | - | - | €572,576 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | €177 | €446 | €119 | ▼ 73.2% |
| Recurring financial charges65 | €712 | €435 | €177 | €446 | €119 | ▼ 73.2% |
| Profit (loss) for the period before taxes9903 | -€29,733 | -€70,525 | €147,867 | €493,625 | -€3,811 | ▼ 101% |
| Transfer from deferred taxes780 | - | - | €47,017 | €0 | - | - |
| Income taxes67/77 | €480 | €476 | €112,663 | €45,435 | €470 | ▼ 99.0% |
| Profit (loss) for the period9904 | -€26,990 | -€67,938 | €82,221 | €448,191 | -€4,281 | ▼ 101% |
| Transfer from tax-exempt reserves789 | - | - | €188,067 | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | -€14,100 | -€55,685 | €270,288 | €448,191 | -€4,281 | ▼ 101% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €601,646 | €557,495 | €753,621 | €1.0m | €990,529 | ▼ 5.1% |
| Fixed assets21/28 | €486,929 | €463,679 | €334,956 | €933 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €477,261 | €454,011 | €4,288 | €933 | €0 | ▼ 100% |
| Land and buildings22 | - | - | €0 | - | - | - |
| Plant, machinery and equipment23 | - | - | €0 | - | - | - |
| Furniture and vehicles24 | - | - | €4,288 | €933 | €0 | ▼ 100% |
| Financial fixed assets28 | €9,668 | €9,668 | €330,668 | €0 | - | - |
| Current assets29/58 | €114,716 | €93,815 | €418,665 | €1.0m | €990,529 | ▼ 5.0% |
| Amounts receivable within one year40/41 | €25,616 | €61,889 | €84,661 | €88,241 | €101,418 | ▲ 14.9% |
| Trade receivables40 | - | - | €15,827 | €13,014 | €128 | ▼ 99.0% |
| Other amounts receivable41 | - | - | €68,835 | €75,227 | €101,291 | ▲ 34.6% |
| Cash at bank and in hand54/58 | €88,599 | €31,396 | €334,004 | €954,408 | €889,111 | ▼ 6.8% |
| Deferred charges and accrued income490/1 | - | - | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €601,646 | €557,495 | €753,621 | €1.0m | €990,529 | ▼ 5.1% |
| Equity10/15 | €531,750 | €463,812 | €546,033 | €994,223 | €61,973 | ▼ 93.8% |
| Contributions10/11 | €61,973 | - | €61,973 | €61,973 | €61,973 | = |
| Reserves13 | €469,776 | €401,838 | €484,059 | €932,250 | €0 | ▼ 100% |
| Non-distributable reserves130/1 | - | - | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | €0 | - | - | - |
| Distributable reserves133 | - | - | €484,059 | €932,250 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Provisions and deferred taxes16 | €50,080 | €47,017 | €0 | - | - | - |
| Deferred taxes168 | - | - | €0 | - | - | - |
| Amounts payable17/49 | €19,816 | €46,666 | €207,588 | €49,359 | €928,556 | ▲ 1,781% |
| Amounts payable after more than one year17 | €2,982 | €230 | €0 | - | - | - |
| Financial debts170/4 | - | - | €0 | - | - | - |
| Amounts payable within one year42/48 | €16,834 | €46,435 | €207,588 | €49,359 | €928,556 | ▲ 1,781% |
| Current portion of amounts payable after more than one year42 | - | - | €230 | €0 | - | - |
| Trade debts44 | €1,383 | €37,819 | €54,671 | €3,924 | €117 | ▼ 97.0% |
| Suppliers440/4 | - | - | €54,671 | €3,924 | €117 | ▼ 97.0% |
| Taxes, remuneration and social security45 | - | - | €110,615 | €45,435 | €38,548 | ▼ 15.2% |
| Taxes450/3 | - | - | €110,615 | €45,435 | €38,548 | ▼ 15.2% |
| Other amounts payable47/48 | - | - | €42,072 | €0 | €889,892 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€26,990 | -€67,938 | €82,221 | €448,191 | -€4,281 | ▼ 101% |
| + Depreciation and write-downs630 | €23,855 | €23,250 | €3,355 | €505 | €0 | ▼ 100% |
| Operating cash flow (approximation) | -€3,135 | -€44,688 | €85,576 | €448,696 | -€4,281 | ▼ 101% |
| Investment in fixed assets (approximation) | - | €0 | €125,368 | €333,518 | €933 | ▼ 99.7% |
| Change in cash | - | -€57,203 | €302,608 | €620,405 | -€65,297 | ▼ 111% |
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
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2019net €448,191 ▲445%
Net result €448,191, the highest in the series.
30-06
Financial
Liquidity times 10current ratio 21.12
Current ratio from 2.02 to 21.12; short-term debt falls from €207,588 to €49,359.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Back to profitnet €82,221
Net result €82,221 after 3 loss-making years.
30-06
Financial
Equity above €500,000Eq €546,033 ▲17.7%
Equity rises from €463,812 to €546,033.
2021
06-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Weakest financial yearnet -€67,938
Net result drops to -€67,938, the lowest in the series.
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
04-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
07-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 7 days late
2017
02-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 30-06-2022 list no shareholders, and no other source names one.
Holdings 2
-
50%
-
32%
According to the annual accounts to 30-06-2022 of GAVA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.