Gesvan
ActiveSummary
Gesvan has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €46,403 and a net result of €11,682. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 48% of 18606 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability60▼-33
Solvency56▼-24
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity tight (current ratio 1.45 against 2.23 in 2024; short-term debt: 68.8% and cash: 67.5% of total assets), and 68.8% of the assets are financed with debt.
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Signals
Four 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 · 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
Retail trade (NACE 47)
about 45% more bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
31.2%
Return on assets
7.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-05-2026, 77 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
77 d early
2024
69 d early
2023
68 d early
2022
52 d early
2021
20 d early
2020
29 d early
2019
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 48 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 25 May (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€46,403▼ 53.0%
2024 · €98,722
Total assets
€148,699▼ 16.4%
2024 · €177,918
Net result
€11,682▼ 66.7%
2024 · €35,050
Working capital
€45,629▼ 53.2%
2024 · €97,581
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€53,881€71,191▲ 32.1%€74,656▲ 4.9%€39,443▼ 47.2%€11,494▼ 70.9%
Net result€50,012above the sector's middle half€60,277above the sector's middle half▲ 20.5%€63,324above the sector's middle half▲ 5.1%€35,050above the sector's middle half▼ 44.7%€11,682within the sector's middle half▼ 66.7%
Equity€99,871within the sector's middle half=€99,348within the sector's middle half▼ 0.5%€99,672within the sector's middle half▲ 0.3%€98,722within the sector's middle half▼ 1.0%€46,403within the sector's middle half▼ 53.0%
Total assets€207,036within the sector's middle half▲ 54.1%€226,235within the sector's middle half▲ 9.3%€220,189within the sector's middle half▼ 2.7%€177,918within the sector's middle half▼ 19.2%€148,699within the sector's middle half▼ 16.4%
Debt€107,165▲ 211%€126,887▲ 18.4%€120,517▼ 5.0%€79,196▼ 34.3%€102,296▲ 29.2%
Working capital€88,978above the sector's middle half▲ 11.0%€97,245above the sector's middle half▲ 9.3%€97,807above the sector's middle half▲ 0.6%€97,581above the sector's middle half▼ 0.2%€45,629within the sector's middle half▼ 53.2%
Solvency48.2%within the sector's middle half▼ 26.1pp43.9%within the sector's middle half▼ 4.3pp45.3%within the sector's middle half▲ 1.4pp55.5%within the sector's middle half▲ 10.2pp31.2%within the sector's middle half▼ 24.3pp
Current ratio1.83within the sector's middle half▼ 1.491.77within the sector's middle half▼ 0.061.81within the sector's middle half▲ 0.052.23within the sector's middle half▲ 0.421.45within the sector's middle half▼ 0.79
Return on assets (ROA)24.2%above the sector's middle half▲ 28.8pp26.6%above the sector's middle half▲ 2.5pp28.8%above the sector's middle half▲ 2.1pp19.7%above the sector's middle half▼ 9.1pp7.9%within the sector's middle half▼ 11.8pp
Staff (FTE)1▲ 66.7%1=1=1=1=
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 71% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €148,699
Fixed assets
€774 ▼ 32.1%
Current assets
€147,925 ▼ 16.3%
Equity and liabilities €148,699
Equity
€46,403 ▼ 53.0%
Debt
€102,296 ▲ 29.2%
Debt's share of the balance-sheet total rises from 44.5% to 68.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€11,860▼
2024 · €40,167
Cash flow
€12,048▼
2024 · €35,774
Quick ratio
0.99▼
2024 · 1.71
Debt to equity
2.20▲
2024 · 0.80
ROE
25.2%▼
2024 · 35.5%
Interest coverage
3.74▼
2024 · 11.91
Debt ≤ 1 year
€102,296▲
2024 · €79,196
Income taxes
€5,084▼
2024 · €10,954
Staff costs
€24,934▲
2024 · €22,861
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €25,164 | €28,642 | €27,183 | €22,861 | €24,934 | ▲ 9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,789 | €8,789 | €1,152 | €724 | €366 | ▼ 49.4% |
| Other operating charges640/8 | €743 | €1,533 | €1,817 | €1,555 | €1,287 | ▼ 17.3% |
| Gross operating margin9900 | €88,578 | €110,156 | €104,808 | €64,584 | €38,081 | ▼ 41.0% |
| Operating profit (loss)9901 | €53,881 | €71,191 | €74,656 | €39,443 | €11,494 | ▼ 70.9% |
| Financial income75/76B | €8,986 | €10,173 | €9,316 | €9,933 | €8,446 | ▼ 15.0% |
| Recurring financial income75 | €8,986 | €10,173 | €9,316 | €9,933 | €8,446 | ▼ 15.0% |
| Financial charges65/66B | €1,268 | €2,491 | €2,184 | €3,372 | €3,174 | ▼ 5.9% |
| Recurring financial charges65 | €1,268 | €2,491 | €2,184 | €3,372 | €3,174 | ▼ 5.9% |
| Profit (loss) for the period before taxes9903 | €61,600 | €78,873 | €81,789 | €46,004 | €16,766 | ▼ 63.6% |
| Income taxes67/77 | €11,588 | €18,596 | €18,465 | €10,954 | €5,084 | ▼ 53.6% |
| Profit (loss) for the period9904 | €50,012 | €60,277 | €63,324 | €35,050 | €11,682 | ▼ 66.7% |
| Transfer from tax-exempt reserves789 | - | €576 | - | - | - | - |
| Transfer to tax-exempt reserves689 | €144 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €49,868 | €60,853 | €63,324 | €35,050 | €11,682 | ▼ 66.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €207,036 | €226,235 | €220,189 | €177,918 | €148,699 | ▼ 16.4% |
| Fixed assets21/28 | €10,893 | €2,103 | €1,865 | €1,141 | €774 | ▼ 32.1% |
| Tangible fixed assets22/27 | €10,893 | €2,103 | €1,865 | €1,141 | €774 | ▼ 32.1% |
| Furniture and vehicles24 | €10,893 | €2,103 | €1,865 | €1,141 | €774 | ▼ 32.1% |
| Current assets29/58 | €196,143 | €224,132 | €218,324 | €176,778 | €147,925 | ▼ 16.3% |
| Stocks and contracts in progress3 | €33,367 | €63,773 | €63,644 | €41,058 | €46,618 | ▲ 13.5% |
| Stocks30/36 | €33,367 | €63,773 | €63,644 | €41,058 | €46,618 | ▲ 13.5% |
| Amounts receivable within one year40/41 | - | - | €13,222 | €179 | €264 | ▲ 47.2% |
| Trade receivables40 | - | - | €13,222 | €179 | €218 | ▲ 21.8% |
| Other amounts receivable41 | - | - | - | - | €45 | - |
| Cash at bank and in hand54/58 | €161,355 | €158,894 | €140,867 | €134,948 | €100,379 | ▼ 25.6% |
| Deferred charges and accrued income490/1 | €1,420 | €1,465 | €591 | €592 | €664 | ▲ 12.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €207,036 | €226,235 | €220,189 | €177,918 | €148,699 | ▼ 16.4% |
| Equity10/15 | €99,871 | €99,348 | €99,672 | €98,722 | €46,403 | ▼ 53.0% |
| Contributions10/11 | €37,184 | €37,184 | €37,184 | €37,184 | €37,184 | = |
| Outside capital11 | €37,184 | €37,184 | €37,184 | €37,184 | €37,184 | = |
| Other1109/19 | €37,184 | €37,184 | €37,184 | €37,184 | €37,184 | = |
| Reserves13 | €9,294 | €8,718 | €8,718 | €8,718 | €8,718 | = |
| Non-distributable reserves130/1 | €3,718 | €3,718 | - | - | - | - |
| Reserves not available under the articles1311 | €3,718 | €3,718 | - | - | - | - |
| Tax-exempt reserves132 | €5,576 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Distributable reserves133 | - | - | €3,718 | €3,718 | €3,718 | = |
| Profit (loss) carried forward14 | €53,393 | €53,446 | €53,770 | €52,819 | €501 | ▼ 99.1% |
| Amounts payable17/49 | €107,165 | €126,887 | €120,517 | €79,196 | €102,296 | ▲ 29.2% |
| Amounts payable within one year42/48 | €107,165 | €126,887 | €120,517 | €79,196 | €102,296 | ▲ 29.2% |
| Trade debts44 | €4,786 | €6,606 | €15,232 | €6,218 | €9,269 | ▲ 49.1% |
| Suppliers440/4 | €3,369 | €5,957 | €15,232 | €6,218 | €9,269 | ▲ 49.1% |
| Bills of exchange payable441 | €1,417 | €649 | - | - | - | - |
| Taxes, remuneration and social security45 | €45,379 | €56,285 | €39,079 | €33,308 | €25,457 | ▼ 23.6% |
| Taxes450/3 | €38,390 | €49,928 | €36,852 | €27,414 | €21,465 | ▼ 21.7% |
| Remuneration and social security454/9 | €6,989 | €6,356 | €2,226 | €5,894 | €3,991 | ▼ 32.3% |
| Other amounts payable47/48 | €57,000 | €63,996 | €66,206 | €39,671 | €67,571 | ▲ 70.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50,012 | €60,277 | €63,324 | €35,050 | €11,682 | ▼ 66.7% |
| + Depreciation and write-downs630 | €8,789 | €8,789 | €1,152 | €724 | €366 | ▼ 49.4% |
| Operating cash flow (approximation) | €58,802 | €69,067 | €64,476 | €35,774 | €12,048 | ▼ 66.3% |
| Investment in fixed assets (approximation) | - | €0 | -€914 | €0 | €0 | - |
| Change in cash | - | -€2,461 | -€18,027 | -€5,919 | -€34,569 | ▼ 484% |
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
Next filing, fiscal year 2026, expected by
2026
11-09
State Gazette act
Resignation: Daniel VAN WEYENBERGH (director)Shareholding5 facts ▸
State Gazette act
Resignation: Daniel VAN WEYENBERGH (director)
Shareholding5 facts ▸
- General meeting, 30-07-2026
- Director in office, Rita GESQUIÈRE (director)
- Director in office, Daniel VAN WEYENBERGH (director)
- Director resignation, Daniel VAN WEYENBERGH (director)
- Shareholding, 30-07-2026
15-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €63,324 ▲5.1%
Operating result €74,656, net result €63,324, both a record.
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €50,012
Net result €50,012 after one loss-making year.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€6,253
Net result drops to -€6,253, the lowest in the series; recovery starts the following year.
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
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.
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 1999
Ground area
120 m²
Building footprint
148 m²
Volume, LiDAR
1,261 m³
Parcel 34353H0489/00B000, Flanders · tallest building 13.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
PURE
since 19992.090.047.419
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353H0489/00B000 | Flanders | 120 m² | 1 · 148 m² | 13.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Daniel VAN WEYENBERGH |
|
Structure & network
Connections & network
No current directors or connected companies found in the register.
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 11-09-2026 ↗
- Rita GESQUIÈRE all shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,726 EUR awarded · 1,726 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,726 EUR | 1,726 EUR |
Schemes
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Of 6,495 companies in sector 47716 we hold annual accounts for 2,440. 1,840 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-01-1999
Fiscal year end31-12
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47715Retail trade
E-invoicing
Not found in the Peppol register
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.