GEVA
ActiveSummary
GEVA has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €382,957 and a net result of -€80,940. Equity is shrinking by ~6% per year across the filed fiscal years. Its solvency ranks better than 52% of 89 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability4▼-66
Solvency79▲+28
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days acceptable
Liquidity ample (current ratio 3.95 against 1.13 in 2024; short-term debt: 11.8% and cash: 1.6% of total assets), and 45.6% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 02
Relative position
BE, all sectors
reference
Forestry and logging (NACE 02)
about 55% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
27 d late
2023
6 d early
2022
3 d early
2021
25 d late
2020
12 d late
2019
21 d late
← 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 10 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 37% 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 28 July (5 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, full schema
In the rankings
#7 oldest company in Peer, Agriculture, forestry and fishing sector#10 company by equity in Limburg, Forestry sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€80,940
2024 · €31,718
Working capital
€245,723▲ 203%
2024 · €81,048
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 02, Forestry and logging, 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€39,816▼ 39.6%€68,618▲ 72.3%€99,528▲ 45.0%€78,818▼ 20.8%-€64,394
Net result€35,850within the sector's middle half▼ 57.1%€51,300within the sector's middle half▲ 43.1%€63,611within the sector's middle half▲ 24.0%€31,718within the sector's middle half▼ 50.1%-€80,940below the sector's middle half
Equity€656,144within the sector's middle half▲ 2.8%€648,567within the sector's middle half▼ 1.2%€712,178within the sector's middle half▲ 9.8%€593,897within the sector's middle half▼ 16.6%€382,957within the sector's middle half▼ 35.5%
Total assets€2.7mwithin the sector's middle half▲ 8.4%€2.7mwithin the sector's middle half▼ 1.6%€2.6mwithin the sector's middle half▼ 3.4%€2.3mwithin the sector's middle half▼ 11.4%€704,036below the sector's middle half▼ 69.0%
Debt€2.0m▲ 10.7%€2.0m▼ 1.5%€1.9m▼ 7.6%€1.7m▼ 9.5%€321,079▼ 80.9%
Working capital€320,144within the sector's middle half▼ 11.8%€274,949within the sector's middle half▼ 14.1%€133,840within the sector's middle half▼ 51.3%€81,048within the sector's middle half▼ 39.4%€245,723within the sector's middle half▲ 203%
Solvency24.3%within the sector's middle half▼ 1.3pp24.4%below the sector's middle half▲ 0.1pp27.7%within the sector's middle half▲ 3.3pp26.1%below the sector's middle half▼ 1.6pp54.4%within the sector's middle half▲ 28.3pp
Current ratio1.54within the sector's middle half▼ 0.201.35within the sector's middle half▼ 0.181.20within the sector's middle half▼ 0.161.13within the sector's middle half▼ 0.063.95above the sector's middle half▲ 2.82
Return on assets (ROA)1.3%within the sector's middle half▼ 2.0pp1.9%within the sector's middle half▲ 0.6pp2.5%within the sector's middle half▲ 0.5pp1.4%within the sector's middle half▼ 1.1pp-11.5%below the sector's middle half▼ 12.9pp
Staff (FTE)3.8within the sector's middle half▼ 7.3%6.1within the sector's middle half▲ 60.5%5.5within the sector's middle half▼ 9.8%6.3within the sector's middle half▲ 14.5%
above
within
below
the middle half (P25 to P75) of NACE 02, Forestry and logging, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €64,394 after €78,818 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €704,036
Fixed assets
€375,059 ▼ 76.2%
Current assets
€328,977 ▼ 52.7%
Equity and liabilities €704,036
Equity
€382,957 ▼ 35.5%
Debt
€321,079 ▼ 80.9%
Debt's share of the balance-sheet total falls from 73.9% to 45.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€17,200▼
2024 · €399,920
Cash flow
-€33,746▼
2024 · €352,820
Debt to equity
0.84▼
2024 · 2.83
ROE
-21.1%▼
2024 · 5.3%
Interest coverage
-0.99▼
2024 · 10.78
Debt ≤ 1 year
€83,254▼
2024 · €614,889
Debt > 1 year
€237,826▼
2024 · €1.1m
Staff costs
€2,101▼
2024 · €293,060
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 928 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 90% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.1%
went bankrupt
8.7%
stopped otherwise
90%
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 0.1% 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 928 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €32,500 | €20,300 | €62,040 | - | - | - |
| Remuneration, social security and pensions62 | €177,681 | €232,426 | €249,775 | €293,060 | €2,101 | ▼ 99.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €423,567 | €398,260 | €366,421 | €321,102 | €47,194 | ▼ 85.3% |
| Other operating charges640/8 | €7,987 | €6,192 | €8,387 | €5,971 | €4,492 | ▼ 24.8% |
| Non-recurring operating charges66A | - | €49,676 | - | - | - | - |
| Gross operating margin9900 | €649,051 | €755,172 | €724,111 | €698,951 | -€10,606 | ▼ 102% |
| Operating profit (loss)9901 | €39,816 | €68,618 | €99,528 | €78,818 | -€64,394 | ▼ 182% |
| Financial income75/76B | €5,575 | €50 | €2,862 | €423 | €823 | ▲ 94.6% |
| Recurring financial income75 | €5,575 | €50 | €2,862 | €423 | €823 | ▲ 94.6% |
| Financial charges65/66B | €33,432 | €30,167 | €38,241 | €37,093 | €17,369 | ▼ 53.2% |
| Recurring financial charges65 | €33,432 | €30,167 | €38,241 | €37,093 | €17,369 | ▼ 53.2% |
| Profit (loss) for the period before taxes9903 | €11,958 | €38,502 | €64,149 | €42,148 | -€80,940 | ▼ 292% |
| Transfer from deferred taxes780 | €24,396 | €13,341 | - | - | - | - |
| Income taxes67/77 | €504 | €542 | €537 | €10,430 | - | - |
| Profit (loss) for the period9904 | €35,850 | €51,300 | €63,611 | €31,718 | -€80,940 | ▼ 355% |
| Profit (loss) for the period to be appropriated9905 | €35,850 | €51,300 | €63,611 | €31,718 | -€80,940 | ▼ 355% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.7m | €2.7m | €2.6m | €2.3m | €704,036 | ▼ 69.0% |
| Formation expenses20 | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €1.8m | €1.6m | €1.8m | €1.6m | €375,059 | ▼ 76.2% |
| Intangible fixed assets21 | €345,724 | €331,895 | €318,066 | €304,237 | €290,408 | ▼ 4.5% |
| Tangible fixed assets22/27 | €1.4m | €1.3m | €1.4m | €1.3m | €84,651 | ▼ 93.4% |
| Land and buildings22 | €216,640 | €180,389 | €151,382 | €118,016 | €84,651 | ▼ 28.3% |
| Plant, machinery and equipment23 | €686,691 | €643,379 | €928,000 | €856,540 | €0 | ▼ 100% |
| Furniture and vehicles24 | €539,008 | €452,904 | €353,243 | €299,553 | - | - |
| Current assets29/58 | €914,152 | €1.0m | €817,388 | €695,937 | €328,977 | ▼ 52.7% |
| Stocks and contracts in progress3 | €352,158 | €370,072 | €266,547 | €105,398 | - | - |
| Stocks30/36 | €352,158 | €370,072 | €217,710 | €105,398 | - | - |
| Contracts in progress37 | - | - | €48,837 | - | - | - |
| Amounts receivable within one year40/41 | €475,508 | €399,637 | €445,935 | €374,979 | €317,635 | ▼ 15.3% |
| Trade receivables40 | €367,585 | €249,952 | €295,875 | €354,193 | €307,515 | ▼ 13.2% |
| Other amounts receivable41 | €107,922 | €149,686 | €150,059 | €20,785 | €10,121 | ▼ 51.3% |
| Cash at bank and in hand54/58 | €76,824 | €275,419 | €87,989 | €210,829 | €11,342 | ▼ 94.6% |
| Deferred charges and accrued income490/1 | €9,661 | €4,499 | €16,917 | €4,732 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.7m | €2.7m | €2.6m | €2.3m | €704,036 | ▼ 69.0% |
| Equity10/15 | €656,144 | €648,567 | €712,178 | €593,897 | €382,957 | ▼ 35.5% |
| Contributions10/11 | €63,213 | €63,213 | €63,213 | €63,213 | €63,213 | = |
| Capital10 | €63,213 | €63,213 | €63,213 | €63,213 | €63,213 | = |
| Issued capital100 | €63,213 | €63,213 | €63,213 | €63,213 | €63,213 | = |
| Reserves13 | €592,094 | €584,517 | €648,117 | €529,817 | €399,817 | ▼ 24.5% |
| Non-distributable reserves130/1 | €6,321 | €6,321 | €68,088 | €68,088 | €6,321 | ▼ 90.7% |
| Legal reserve130 | €6,321 | €6,321 | €6,321 | €6,321 | €6,321 | = |
| Other1319 | - | - | €61,767 | €61,767 | - | - |
| Tax-exempt reserves132 | €70,144 | €70,917 | €9,150 | €9,150 | €9,150 | = |
| Distributable reserves133 | €515,629 | €507,279 | €570,879 | €452,579 | €384,345 | ▼ 15.1% |
| Profit (loss) carried forward14 | €837 | €837 | €849 | €867 | -€80,073 | ▼ 9,335% |
| Provisions and deferred taxes16 | €4,963 | - | - | - | - | - |
| Deferred taxes168 | €4,963 | - | - | - | - | - |
| Amounts payable17/49 | €2.0m | €2.0m | €1.9m | €1.7m | €321,079 | ▼ 80.9% |
| Amounts payable after more than one year17 | €1.4m | €1.2m | €1.2m | €1.1m | €237,826 | ▼ 77.7% |
| Financial debts170/4 | €1.4m | €1.2m | €1.2m | €1.1m | €237,826 | ▼ 77.7% |
| Amounts payable within one year42/48 | €594,008 | €774,680 | €683,548 | €614,889 | €83,254 | ▼ 86.5% |
| Current portion of amounts payable after more than one year42 | €414,045 | €405,892 | €360,477 | €319,347 | €19,230 | ▼ 94.0% |
| Trade debts44 | €136,200 | €205,894 | €219,512 | €171,303 | €7,655 | ▼ 95.5% |
| Suppliers440/4 | €136,200 | €205,894 | €219,512 | €171,303 | €7,655 | ▼ 95.5% |
| Taxes, remuneration and social security45 | €6,003 | €29,324 | €20,111 | €45,854 | €10,350 | ▼ 77.4% |
| Taxes450/3 | €1,012 | €940 | €435 | €10,785 | €10,350 | ▼ 4.0% |
| Remuneration and social security454/9 | €4,991 | €28,383 | €19,676 | €35,069 | - | - |
| Other amounts payable47/48 | €37,761 | €133,569 | €83,448 | €78,384 | €46,018 | ▼ 41.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,850 | €51,300 | €63,611 | €31,718 | -€80,940 | ▼ 355% |
| + Depreciation and write-downs630 | €423,567 | €398,260 | €366,421 | €321,102 | €47,194 | ▼ 85.3% |
| Operating cash flow (approximation) | €459,417 | €449,561 | €430,032 | €352,820 | -€33,746 | ▼ 110% |
| Investment in fixed assets (approximation) | - | -€218,764 | -€508,544 | -€148,757 | €1.2m | ▲ 877% |
| Change in cash | - | €198,596 | -€187,431 | €122,840 | -€199,487 | ▼ 262% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€80,940
Net result drops to -€80,940, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 3.95
Current ratio from 1.13 to 3.95; short-term debt falls from €614,889 to €83,254.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 12 days late
2020
31-12
Financial
Highest result since 2018net €83,652 ▲11.1%
Net result €83,652, the highest in the series.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 21 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Peer · 1 establishment unit since 1998
Ground area
1,557 m²
Building footprint
173 m²
Volume, LiDAR
909 m³
Parcel 72030D1018/00G007, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Ruitersbaan 14, 3990 Peer
since 19982.088.223.819
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72030D1018/00G007 | Flanders | 1,557 m² | 1 · 173 m² | 8.0 m · 2 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.
Structure & network
Owners and holdings
1 ownerChain of control
- GERVAN
- GEVA
Highest known parent: GERVAN. The sources do not say who stands above it.
Owners 1
- GERVANparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 15,256 EUR awarded · 15,256 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,130 EUR | 2,130 EUR |
| 2024 | 1 | 189 EUR | 422 EUR |
| 2023 | 2 | 1,854 EUR | 1,621 EUR |
| 2022 | 1 | 11,083 EUR | 11,083 EUR |
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Of 294 companies in sector 02400 we hold annual accounts for 77. 61 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded12-06-1998
Fiscal year end31-12
Activities, NACEBEL 2025
02400Forestry and logging
01110Growing of cereals (except rice), leguminous crops and oil seeds
01290Crop and animal production, hunting and related service activities
01610Support activities for crop production
01630Crop and animal production, hunting and related service activities
43120Site preparation
46382Wholesale trade
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0463549637
Registered
22-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.