GAVALI 2
ActiveSummary
The computed 12-month bankruptcy probability of GAVALI 2 is 2.4% (moderate). The 2024 annual accounts show equity of €70k and a net result of €48k. Its solvency ranks better than 32% of 6537 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability84▲+54
Solvency43▲+12
Growth78
Track record94
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 2.22 against 1.64 in 2023; short-term debt: 33.6% and cash: 42.8% of total assets), but 81.6% of the assets are financed with debt.
Credit advice 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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 2024Solvency, return and age of the figures
Solvency
18.4%
Return on assets
12.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-09-2025, 55 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
55 d late
2023
45 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€48k
2023 · €-7k
2023: €-7k
2023 → 2024
Working capital
€157k▲ 39.1%
2023 · €113k
2023: €113k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€23k-€70k▲ 211%
Operating result€13k-€56k▲ 320%
Net result€-7k-€48k
Result per fiscal year
Operating resultNet result
The operating result rises in 2024; 2024 is 320% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €384k
Fixed assets
€98k ▼ 14.3%
Current assets
€286k ▼ 0.8%
Equity and liabilities €384k
Equity
€70k ▲ 211%
Debt
€313k ▼ 17.5%
Debt's share of the balance-sheet total falls from 94.4% to 81.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€72k▲
2023 · €33k
Cash flow
€64k▲
2023 · €12k
Current ratio
2.22▲
2023 · 1.64
Quick ratio
1.55▲
2023 · 1.08
Debt to equity
4.45▼
2023 · 16.80
ROE
67.9%▲
2023 · -32.7%
ROA
12.5%▲
2023 · -1.8%
Interest coverage
9.11▲
2023 · 1.59
Debt ≤ 1 year
€129k▼
2023 · €175k
Debt > 1 year
€176k▼
2023 · €200k
Income taxes
€0=
2023 · €0
Staff costs
€79k▼
2023 · €80k
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 · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€402k€384k▼
Fixed assets21/28€114k€98k▼
Intangible fixed assets21€23k€20k▼
Tangible fixed assets22/27€92k€78k▼
Plant, machinery and equipment23€522€0▼
Furniture and vehicles24€49k€41k▼
Other tangible fixed assets26€42k€37k▼
Current assets29/58€288k€286k▼
Stocks and contracts in progress3€100k€86k▼
Stocks30/36€100k€86k▼
Amounts receivable within one year40/41€99k€35k▼
Trade receivables40€5k€6k▲
Other amounts receivable41€94k€29k▼
Cash at bank and in hand54/58€90k€164k▲
Equity and liabilities
Total equity and liabilities10/49€402k€384k▼
Equity10/15€23k€70k▲
Contributions10/11€30k€30k=
Profit (loss) carried forward14€-7k€40k▲
Amounts payable17/49€380k€313k▼
Amounts payable after more than one year17€200k€176k▼
Financial debts170/4€200k€176k▼
Amounts payable within one year42/48€175k€129k▼
Current portion of amounts payable after more than one year42€24k€24k=
Trade debts44€138k€83k▼
Suppliers440/4€138k€83k▼
Taxes, remuneration and social security45€13k€22k▲
Taxes450/3€8k€14k▲
Remuneration and social security454/9€5k€8k▲
Other amounts payable47/48€533€533=
Accrued charges and deferred income492/3€5k€8k▲
Income statement
Code20232024
Remuneration, social security and pensions62€80k€79k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€16k▼
Other operating charges640/8€0€1k▲
Gross operating margin9900€113k€152k▲
Operating profit (loss)9901€13k€56k▲
Financial charges65/66B€21k€8k▼
Recurring financial charges65€21k€8k▼
Profit (loss) for the period before taxes9903€-7k€48k▲
Income taxes67/77€0€0=
Profit (loss) for the period9904€-7k€48k▲
Profit (loss) for the period to be appropriated9905€-7k€48k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€40k▲
Profit (loss) brought forward from the previous period14P-€-7k
Social balance
Average headcount (FTE)90873.84.1▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 55 days late
2024
31-12
Financial
Back to profitnet €48k
Net result €48k after one loss-making year.
14-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 45 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, La Louvière · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Chaussée de Mons(S-V) 5607100 La LouvièreGround area
1.6 ha
Parcel 55038C0647/00R002, Wallonia. Linked by address, not a title deed.
1 establishment unit
GAVALI 2
since 20222.334.915.506
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55038C0647/00R002 | Wallonia | 1.6 ha | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Chaussures Dethier
BE 0462.966.251
Fléron · Eq €70,889
HENRI GODTS
BE 0479.015.593
Leuven · Eq €69,585
ARCHEOS EXPO
BE 0456.911.867
Ukkel · Eq €69,297
DEVROE RARE BOOKS
BE 1004.318.501
Gent · Eq €72,249
PINEHOUSE
BE 0434.662.938
Gent · Eq €72,310
Of 1,435 companies in sector 47791 we hold annual accounts for 455. 337 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-08-2022
Fiscal year end31-12
Activities, NACEBEL 2025
47791Retail sale of antiques
47793Retail sale of other second-hand goods, excluding clothing
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.