GAVEL
InactiveSignals
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 22-05-2024 was due by 22-12-2024 and was filed on 21-11-2024, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2024
31 d early
2023
7 d early
2022
24 d late
2021
41 d early
2020
27 d late
2019
15 d early
2018
23 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 3 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, abbreviated schema
Equity
€329,356=
2023 · €329,356
Total assets
€1.3m=
2023 · €1.3m
Net result
€0▼ 100%
2023 · €171,994
Working capital
-€272,144=
2023 · -€272,144
Trend over the years
In euros
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€114,199▲ 1.3%€114,086▼ 0.1%€109,792▼ 3.8%-€13,467€0
Net result€28,881▲ 11.8%€31,107▲ 7.7%€77,673▲ 150%€171,994▲ 121%€0▼ 100%
Equity€126,255▲ 29.7%€157,362▲ 24.6%€157,362=€329,356▲ 109%€329,356=
Total assets€2.1m▲ 5.2%€2.2m▲ 4.3%€2.1m▼ 5.8%€1.3m▼ 37.8%€1.3m=
Debt€2.0m▲ 4.0%€2.1m▲ 3.0%€1.9m▼ 6.3%€974,967▼ 49.7%€974,967=
Working capital-€1.7m▲ 1.6%-€1.7m▲ 1.8%-€1.7m=-€272,144▲ 84.1%-€272,144=
Staff (FTE)00
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2024 Net result -100% on 2023. This fiscal year ran 5 months, the previous one 12.
Result per fiscal year
Operating resultNet result
The operating result is zero in 2024, compared with -€13,467 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.3m
Fixed assets
€601,500 =
Current assets
€702,823 =
Equity and liabilities €1.3m
Equity
€329,356 =
Debt
€974,967 =
Debt's share of the balance-sheet total stays at 74.7%.
Key figures and ratios
Current ratio
0.72=
2023 · 0.72
Debt to equity
2.96=
2023 · 2.96
ROE
0.0%▼
2023 · 52.2%
ROA
0.0%▼
2023 · 13.2%
Debt ≤ 1 year
€974,967=
2023 · €974,967
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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €220 | €222 | €232 | €0 | ▼ 100% |
| Gross operating margin9900 | €114,418 | €114,306 | €110,014 | -€13,235 | €0 | ▲ 100% |
| Operating profit (loss)9901 | €114,199 | €114,086 | €109,792 | -€13,467 | €0 | ▲ 100% |
| Financial income75/76B | - | €9,591 | €12,199 | €450,000 | €0 | ▼ 100% |
| Recurring financial income75 | €7,189 | €9,591 | €12,199 | €0 | €0 | - |
| Non-recurring financial income76B | - | - | - | €450,000 | €0 | ▼ 100% |
| Financial charges65/66B | - | €83,994 | €16,083 | €264,539 | €0 | ▼ 100% |
| Recurring financial charges65 | €82,631 | €83,994 | €16,083 | €39 | €0 | ▼ 100% |
| Non-recurring financial charges66B | - | - | - | €264,500 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €38,757 | €39,683 | €105,908 | €171,994 | €0 | ▼ 100% |
| Income taxes67/77 | €9,876 | €8,576 | €28,234 | €0 | - | - |
| Profit (loss) for the period9904 | €28,881 | €31,107 | €77,673 | €171,994 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €28,881 | €31,107 | €77,673 | €171,994 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.1m | €2.2m | €2.1m | €1.3m | €1.3m | = |
| Fixed assets21/28 | €1.9m | €1.9m | €1.9m | €601,500 | €601,500 | = |
| Financial fixed assets28 | €1.9m | €1.9m | €1.9m | €601,500 | €601,500 | = |
| Current assets29/58 | €264,845 | €355,956 | €226,541 | €702,823 | €702,823 | = |
| Amounts receivable within one year40/41 | €263,903 | €352,608 | €219,316 | €702,792 | €702,792 | = |
| Other amounts receivable41 | - | €352,608 | €219,316 | €702,792 | €702,792 | = |
| Cash at bank and in hand54/58 | €942 | €3,348 | €7,225 | €31 | €31 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.1m | €2.2m | €2.1m | €1.3m | €1.3m | = |
| Equity10/15 | €126,255 | €157,362 | €157,362 | €329,356 | €329,356 | = |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €113,855 | €144,962 | €144,962 | €144,962 | €144,962 | = |
| Non-distributable reserves130/1 | - | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | €143,102 | €144,962 | €144,962 | €144,962 | = |
| Profit (loss) carried forward14 | - | - | €0 | €171,994 | €171,994 | = |
| Amounts payable17/49 | €2.0m | €2.1m | €1.9m | €974,967 | €974,967 | = |
| Amounts payable within one year42/48 | €2.0m | €2.1m | €1.9m | €974,967 | €974,967 | = |
| Trade debts44 | - | - | €2,124 | €2,637 | €2,637 | = |
| Suppliers440/4 | - | - | €2,124 | €2,637 | €2,637 | = |
| Taxes, remuneration and social security45 | - | €21,927 | €29,401 | €28,234 | €28,234 | = |
| Taxes450/3 | - | €21,927 | €29,401 | €28,234 | €28,234 | = |
| Other amounts payable47/48 | - | €2.0m | €1.9m | €944,095 | €944,095 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,881 | €31,107 | €77,673 | €171,994 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €28,881 | €31,107 | €77,673 | €171,994 | €0 | ▼ 100% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €1.3m | €0 | ▼ 100% |
| Change in cash | - | €2,407 | €3,877 | -€7,194 | €0 | ▲ 100% |
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
21-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
22-05
Financial
Weakest financial yearnet €0 ▼100%
Net result drops to €0, the lowest in the series.
2023
31-12
Financial
Highest result since 2018net €171,994 ▲121%
Net result €171,994, the highest in the series.
31-12
Financial
Equity above €200,000Eq €329,356 ▲109%
6 profitable years in a row build equity to €329,356.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 24 days late
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €150,000Eq €157,362 ▲24.6%
4 profitable years in a row build equity to €157,362.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
31-12
Financial
Equity above €100,000Eq €126,255 ▲29.7%
3 profitable years in a row build equity to €126,255.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 23 days late
Show earlier events
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 24 days late
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 17 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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 22-05-2024 list no shareholders, and no other source names one.
Holdings 2
-
74%
-
73.33%
According to the annual accounts to 22-05-2024 of GAVEL 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.