GAVERMAT
ActiveGAVERMAT has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.18M and a net result of €361k. Equity is growing by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 85% of 9623 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
87
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability84▼-1
Solvency99▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180k at 30 days acceptable
Liquidity ample (current ratio 4.52 against 3.84 in 2023; short-term debt: 18.1% and cash: 42.6% of total assets), and 26% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
74%
Return on assets
12.2%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
22 d late
2022
40 d early
2021
34 d early
2020
12 d early
2019
39 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€2.18M▲ 5.7%
2023 · €2.07M
2018: €854k
2019: €1.00M
2020: €1.66M
2021: €1.68M
2022: €2.18M
2023: €2.07M
2018 → 2024
Total assets
€2.95M▲ 1.5%
2023 · €2.91M
2018: €1.23M
2019: €1.33M
2020: €2.19M
2021: €2.41M
2022: €2.70M
2023: €2.91M
2018 → 2024
Net result
€361k▼ 5.5%
2023 · €383k
2018: €275k
2019: €347k
2020: €660k
2021: €518k
2022: €501k
2023: €383k
2018 → 2024
Working capital
€1.88M▲ 9.0%
2023 · €1.72M
2018: €982k
2019: €1.04M
2020: €1.83M
2021: €1.39M
2022: €1.78M
2023: €1.72M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.66M-€1.68M▲ 1.1%€2.18M▲ 29.8%€2.07M▼ 5.3%€2.18M▲ 5.7%
Operating result€852k-€639k▼ 25.0%€622k▼ 2.6%€460k▼ 26.1%€423k▼ 8.0%
Net result€660k-€518k▼ 21.4%€501k▼ 3.3%€383k▼ 23.6%€361k▼ 5.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2024 is 8% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.95M
Fixed assets
€542k▼ 6.5%
Current assets
€2.41M▲ 3.5%
Equity and liabilities €2.95M
Equity
€2.18M▲ 5.7%
Debt
€768k▼ 8.8%
The debt ratio falls from 29.0% to 26.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€486k▼
2023 · €521k
Cash flow
€424k▼
2023 · €444k
Solvency
74.0%▲
2023 · 71.0%
Current ratio
4.52▲
2023 · 3.84
Quick ratio
2.70▲
2023 · 2.13
Debt / equity
0.35▼
2023 · 0.41
ROE
16.6%▼
2023 · 18.5%
ROA
12.2%▼
2023 · 13.2%
Interest coverage
23.89▼
2023 · 34.54
Debt
€768k▼
2023 · €842k
Debt ≤ 1 year
€533k▼
2023 · €607k
Debt > 1 year
€235k=
2023 · €235k
Income taxes
€124k▲
2023 · €113k
Staff costs
€476k▲
2023 · €465k
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€2.91M€2.95M▲
Fixed assets21/28€580k€542k▼
Tangible fixed assets22/27€345k€307k▼
Plant, machinery and equipment23€31k€42k▲
Furniture and vehicles24€17k€9k▼
Other tangible fixed assets26€297k€256k▼
Financial fixed assets28€235k€235k=
Current assets29/58€2.33M€2.41M▲
Stocks and contracts in progress3€1.04M€967k▼
Stocks30/36€1.04M€967k▼
Amounts receivable within one year40/41€257k€182k▼
Trade receivables40€225k€162k▼
Other amounts receivable41€33k€20k▼
Cash at bank and in hand54/58€1.03M€1.26M▲
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€2.91M€2.95M▲
Equity10/15€2.07M€2.18M▲
Contributions10/11€19k€19k=
Reserves13€2.05M€2.16M▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€14k€14k=
Distributable reserves133€2.03M€2.15M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€842k€768k▼
Amounts payable after more than one year17€235k€235k=
Other amounts payable178/9€235k€235k=
Amounts payable within one year42/48€607k€533k▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€118k€56k▼
Suppliers440/4€118k€56k▼
Taxes, remuneration and social security45€84k€99k▲
Taxes450/3€27k€52k▲
Remuneration and social security454/9€57k€47k▼
Other amounts payable47/48€405k€378k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Remuneration, social security and pensions62€465k€476k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€62k€63k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-12k€0▲
Other operating charges640/8€7k€8k▲
Gross operating margin9900€981k€970k▼
Operating profit (loss)9901€460k€423k▼
Financial income75/76B€52k€83k▲
Recurring financial income75€52k€83k▲
Financial charges65/66B€15k€20k▲
Recurring financial charges65€15k€20k▲
Profit (loss) for the period before taxes9903€496k€486k▼
Income taxes67/77€113k€124k▲
Profit (loss) for the period9904€383k€361k▼
Transfer from tax-exempt reserves789€89k€0▼
Profit (loss) for the period to be appropriated9905€472k€361k▼
Appropriation of the result
Profit (loss) to be appropriated9906€472k€361k▼
Transfer from equity791/2€254k€244k▼
Transfer to equity691/2€228k€361k▲
To other reserves6921€228k€361k▲
Profit to be distributed694/7€498k€244k▼
Return on contributions (dividend)694€498k€244k▼
Social balance
Average headcount (FTE)908710.210.6▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 22 days late
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity doublescurrent ratio 7.30
Current ratio from 2.92 to 7.30; short-term debt falls from €724k to €283k.
31-12
Financial
Equity above €2MEq €2.18M ▲29.8%
5 profitable years in a row build equity to €2.18M.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €660k ▲89.9%
Operating result €852k, net result €660k, both a record.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €1MEq €1.00M ▲17.3%
2 profitable years in a row build equity to €1.00M.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Gavere · 1 establishment unit since 2017
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.
Nijverheidsstraat 939890 GavereGround area
1.4 ha
Building footprint
4,796 m²
Volume, LiDAR
22,929 m³
Parcel 44016B1255/00G000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Gavermat
since 20172.265.253.470
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44016B1255/00G000 | Flanders | 1.4 ha | 1 · 4,796 m² | 9.7 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 665 EUR awarded · 665 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 165 EUR | 165 EUR |
| 2022 | 1 | 500 EUR | 500 EUR |
Schemes
Stagebonus (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteGavere2.265.253.470
Dual-learning approval
3 endedSimilar companies · same sector, comparable size
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OCES GROUP
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ROOYACKERS
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Peer · Eq €2.17M
PEKATHO
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Of 1,720 companies in sector 47521 we hold annual accounts for 1,288. 782 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-06-2017
Fiscal year end31-12
Activities, NACEBEL
47521Retail sale of hardware, building materials, paint and glass (general range)
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.