GAVEL
ActiveGAVEL has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €26k and a net result of €-16k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 51% of 15869 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
47
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-32
Solvency66▼-11
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.32 against 0.64 in 2023; short-term debt: 58.6% and cash: 18% of total assets), and 58.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
41.4%
Return on assets
-24.3%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-16k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
71 d late
2022
67 d late
2021
61 d late
2020
61 d late
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€26k▼ 37.0%
2023 · €42k
2018: €9k
2019: €4k
2020: €31k
2021: €48k
2022: €49k
2023: €42k
2018 → 2024
Total assets
€64k▼ 20.4%
2023 · €81k
2018: €109k
2019: €101k
2020: €114k
2021: €110k
2022: €108k
2023: €81k
2018 → 2024
Net result
€-16k▼ 134%
2023 · €-7k
2018: €-5k
2019: €-6k
2020: €28k
2021: €17k
2022: €342
2023: €-7k
2018 → 2024
Working capital
€-25k▼ 101%
2023 · €-13k
2018: €-42k
2019: €-50k
2020: €-21k
2021: €-9k
2022: €-9k
2023: €-13k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€31k-€48k▲ 53.9%€49k▲ 0.7%€42k▼ 13.6%€26k▼ 37.0%
Operating result€29k-€18k▼ 37.7%€945▼ 94.7%€-6k€-15k▼ 143%
Net result€28k-€17k▼ 38.5%€342▼ 98.0%€-7k€-16k▼ 134%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15k in 2024 against €6k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €64k
Fixed assets
€52k▼ 11.3%
Current assets
€12k▼ 44.8%
Equity and liabilities €64k
Equity
€26k▼ 37.0%
Debt
€38k▼ 2.3%
The debt ratio rises from 47.8% to 58.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-8k▼
2023 · €2k
Cash flow
€-8k▼
2023 · €1k
Solvency
41.4%▼
2023 · 52.2%
Current ratio
0.32▼
2023 · 0.64
Quick ratio
0.32▼
2023 · 0.56
Debt / equity
1.42▲
2023 · 0.91
ROE
-58.8%▼
2023 · -15.8%
ROA
-24.3%▼
2023 · -8.3%
Interest coverage
-18.61▼
2023 · 2.79
Debt
€38k▼
2023 · €38k
Debt ≤ 1 year
€38k▲
2023 · €35k
Debt > 1 year
€0▼
2023 · €4k
Staff costs
€12k▼
2023 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€81k€64k▼
Fixed assets21/28€58k€52k▼
Tangible fixed assets22/27€58k€52k▼
Land and buildings22€56k€49k▼
Plant, machinery and equipment23€2k€2k▲
Furniture and vehicles24€277€0▼
Financial fixed assets28€183€183=
Current assets29/58€22k€12k▼
Stocks and contracts in progress3€3k€0▼
Stocks30/36€3k€0▼
Amounts receivable within one year40/41€1k€618▼
Other amounts receivable41€1k€618▼
Cash at bank and in hand54/58€18k€12k▼
Equity and liabilities
Total equity and liabilities10/49€81k€64k▼
Equity10/15€42k€26k▼
Contributions10/11€19k€19k=
Reserves13€74k€74k=
Non-distributable reserves130/1€27k€25k▼
Reserves not available under the articles1311€2k€25k▲
Other1319€25k-
Distributable reserves133€46k€48k▲
Profit (loss) carried forward14€-50k€-66k▼
Amounts payable17/49€38k€38k▼
Amounts payable after more than one year17€4k€0▼
Financial debts170/4€4k€0▼
Amounts payable within one year42/48€35k€38k▲
Current portion of amounts payable after more than one year42€5k€4k▼
Trade debts44€476€6k▲
Suppliers440/4€476€6k▲
Taxes, remuneration and social security45€3k€4k▲
Taxes450/3€482€631▲
Remuneration and social security454/9€3k€3k▲
Other amounts payable47/48€26k€24k▼
Income statement
Code20232024
Remuneration, social security and pensions62€12k€12k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€15k€5k▼
Operating profit (loss)9901€-6k€-15k▼
Financial income75/76B€317€257▼
Recurring financial income75€317€257▼
Financial charges65/66B€616€405▼
Recurring financial charges65€616€405▼
Profit (loss) for the period before taxes9903€-7k€-16k▼
Profit (loss) for the period9904€-7k€-16k▼
Profit (loss) for the period to be appropriated9905€-7k€-16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-50k€-66k▼
Profit (loss) brought forward from the previous period14P€-43k€-50k▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series.
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 71 days late
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Back to profitnet €28k
Net result €28k after 2 loss-making years.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Gent · 1 establishment unit since 1993
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.
Doornplasstraat 1219031 GentGround area
1,399 m²
Building footprint
137 m²
Volume, LiDAR
648 m³
Parcel 44017C0054/00H000, Flanders · tallest building 7.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Doornplasstraat 121, 9031 Gent
since 19932.060.357.105
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017C0054/00H000 | Flanders | 1,399 m² | 1 · 137 m² | 7.1 m · 1 fl. |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.060.357.105
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Emirdag
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VLEESWAREN VERMEIRE-COPPENS
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Of 756 companies in sector 46321 we hold annual accounts for 551. 206 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-12-1992
Fiscal year end31-12
Activities, NACEBEL
46321Wholesale of meat and meat products, excluding game and poultry
47210Retail sale of fruit and vegetables
47810Retail trade
51321
52621
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.