GAVAT
Bankruptcy closedSummary
GAVAT was declared bankrupt on 31-12-2024 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 17-02-2026, published in the Belgian State Gazette on 23-03-2026. The 2023 annual accounts show equity of €87,210 and a net result of €20,695.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 25-06-2024, 36 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
36 d early
2022
71 d late
2021
68 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 34 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Turnover
€1.1m
EBIT margin
7.0%
Net result
€20,695▼ 51.8%
2022 · €42,957
Working capital
€78,861▲ 1.7%
2022 · €77,506
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
Line202120222023
Turnover€1.1m-
Operating result€77,934-€78,175▲ 0.3%€29,305▼ 62.5%
Net result€38,558-€42,957▲ 11.4%€20,695▼ 51.8%
EBIT margin7.0%-
Equity€43,558-€86,515▲ 98.6%€87,210▲ 0.8%
Total assets€224,172-€237,459▲ 5.9%€136,576▼ 42.5%
Debt€179,207-€149,537▼ 16.6%€49,366▼ 67.0%
Working capital€35,239-€77,506▲ 120%€78,861▲ 1.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 63% below 2022 and is the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €136,576
Fixed assets
€12,934 ▼ 35.8%
Current assets
€123,642 ▼ 43.1%
Equity and liabilities €136,576
Equity
€87,210 ▲ 0.8%
Provisions
€0 ▼ 100%
Debt
€49,366 ▼ 67.0%
Debt's share of the balance-sheet total falls from 63.0% to 36.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€36,534▼
2022 · €85,184
Cash flow
€27,924▼
2022 · €49,966
Current ratio
2.76▲
2022 · 1.55
Debt to equity
0.57▼
2022 · 1.73
ROE
23.7%▼
2022 · 49.7%
ROA
15.2%▼
2022 · 18.1%
Interest coverage
20.32▲
2022 · 4.89
Debt ≤ 1 year
€44,781▼
2022 · €139,790
Debt > 1 year
€4,585▼
2022 · €9,747
Income taxes
€6,821▼
2022 · €17,799
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Turnover70 | €1.1m | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €1.0m | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,741 | €7,010 | €7,228 | ▲ 3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €22,581 | - | - |
| Other operating charges640/8 | €574 | €1,037 | €100 | ▼ 90.4% |
| Non-recurring operating charges66A | €1,407 | - | -€1,407 | - |
| Gross operating margin9900 | €86,656 | €108,802 | €35,227 | ▼ 67.6% |
| Operating profit (loss)9901 | €77,934 | €78,175 | €29,305 | ▼ 62.5% |
| Financial income75/76B | €0 | €0 | €10 | ▲ 97,900% |
| Recurring financial income75 | €0 | €0 | €10 | ▲ 97,900% |
| Financial charges65/66B | €22,077 | €17,418 | €1,798 | ▼ 89.7% |
| Recurring financial charges65 | €22,077 | €17,418 | €1,798 | ▼ 89.7% |
| Profit (loss) for the period before taxes9903 | €55,858 | €60,756 | €27,517 | ▼ 54.7% |
| Income taxes67/77 | €17,300 | €17,799 | €6,821 | ▼ 61.7% |
| Profit (loss) for the period9904 | €38,558 | €42,957 | €20,695 | ▼ 51.8% |
| Profit (loss) for the period to be appropriated9905 | €38,558 | €42,957 | €20,695 | ▼ 51.8% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €224,172 | €237,459 | €136,576 | ▼ 42.5% |
| Fixed assets21/28 | €24,925 | €20,163 | €12,934 | ▼ 35.8% |
| Tangible fixed assets22/27 | €24,925 | €20,163 | €12,934 | ▼ 35.8% |
| Plant, machinery and equipment23 | €821 | €1,364 | €632 | ▼ 53.7% |
| Furniture and vehicles24 | - | €809 | €427 | ▼ 47.3% |
| Leasing and similar rights25 | €24,104 | €17,990 | €11,876 | ▼ 34.0% |
| Current assets29/58 | €199,247 | €217,296 | €123,642 | ▼ 43.1% |
| Amounts receivable within one year40/41 | €189,667 | €216,666 | €118,393 | ▼ 45.4% |
| Trade receivables40 | €91,525 | €96,253 | €244 | ▼ 99.7% |
| Other amounts receivable41 | €98,142 | €120,412 | €118,150 | ▼ 1.9% |
| Cash at bank and in hand54/58 | €9,580 | €630 | €5,249 | ▲ 733% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €224,172 | €237,459 | €136,576 | ▼ 42.5% |
| Equity10/15 | €43,558 | €86,515 | €87,210 | ▲ 0.8% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Outside capital11 | €5,000 | - | - | - |
| Other1109/19 | €5,000 | - | - | - |
| Profit (loss) carried forward14 | €38,558 | €81,515 | €82,210 | ▲ 0.9% |
| Provisions and deferred taxes16 | €1,407 | €1,407 | - | - |
| Provisions for liabilities and charges160/5 | €1,407 | €1,407 | - | - |
| Major repairs and maintenance162 | €1,407 | €1,407 | - | - |
| Amounts payable17/49 | €179,207 | €149,537 | €49,366 | ▼ 67.0% |
| Amounts payable after more than one year17 | €15,199 | €9,747 | €4,585 | ▼ 53.0% |
| Financial debts170/4 | €15,199 | €9,747 | €4,585 | ▼ 53.0% |
| Amounts payable within one year42/48 | €164,008 | €139,790 | €44,781 | ▼ 68.0% |
| Current portion of amounts payable after more than one year42 | €5,272 | €5,452 | €5,161 | ▼ 5.3% |
| Financial debts43 | - | - | €71 | - |
| Credit institutions430/8 | - | - | €71 | - |
| Trade debts44 | €141,436 | €99,239 | €33 | ▼ 100.0% |
| Suppliers440/4 | €141,436 | €99,239 | €33 | ▼ 100.0% |
| Taxes, remuneration and social security45 | €17,300 | €35,099 | €39,516 | ▲ 12.6% |
| Taxes450/3 | €17,300 | €35,099 | €39,516 | ▲ 12.6% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,558 | €42,957 | €20,695 | ▼ 51.8% |
| + Depreciation and write-downs630 | €6,741 | €7,010 | €7,228 | ▲ 3.1% |
| Operating cash flow (approximation) | €45,299 | €49,966 | €27,924 | ▼ 44.1% |
| Investment in fixed assets (approximation) | - | -€2,247 | €0 | ▲ 100% |
| Change in cash | - | -€8,949 | €4,618 | ▲ 152% |
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
2026
23-03
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · event 17-02-2026
2025
07-05
KBO administration
Address struck
08-01
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 31-12-2024
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €20,695 ▼51.8%
Net result drops to €20,695, the lowest in the series.
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 71 days late
2022
31-12
Financial
Highest result since 2021net €42,957 ▲11.4%
Operating result €78,175, net result €42,957, both a record.
07-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 68 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Pieters-Leeuw · 1 establishment unit since 2020
Ground area
1,795 m²
Building footprint
513 m²
Volume, LiDAR
4,234 m³
2 parcels, Flanders · tallest building 12.9 m, ±3 floors. Linked by address, not a title deed.
515
companies at this address
See who is registered here
1 establishment unit
GAVAT
since 20202.309.608.503
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23077A0118/00W082 | Flanders | 1,638 m² | 1 · 398 m² | 9.5 m · 3 fl. |
| 23077A0160/00S029 | Flanders | 157 m² | 1 · 115 m² | 12.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | DORIEN AVAUX V. NONNEMANSSTRAAT 15B,
1600 SINT-PIETERS-LEEUW |
31-12-2024 → 17-02-2026 |
Identification & contact
Identification
Legal formPrivate limited company
Founded11-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
33120Repair and maintenance of machinery
43211General electrical installation work
43240Other construction installation
43410Roofing work
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.