GHYVAN
ActiveSummary
GHYVAN has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €601,358 and a net result of -€27,691. Equity is shrinking by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 49% of 9341 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37▼-19
Solvency55▼-20
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity short (current ratio 0.52 against 1.29 in 2024; short-term debt: 51.6% and cash: 25.1% of total assets), and 70.1% of the assets are financed with debt.
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Signals
Three 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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 30-06-2025 was due by 31-01-2026 and was filed on 21-01-2026, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
297 d late
2023
43 d early
2022
60 d early
2021
14 d early
2020
25 d early
2019
21 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 18 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 17 January (4 of the last 5 filed years within 46 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€601,358▼ 48.6%
2024 · €1.2m
Total assets
€2.0m▼ 14.5%
2024 · €2.4m
Net result
-€27,691
2024 · €37,473
Working capital
-€499,174
2024 · €213,715
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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-€39,571-€74,032▼ 87.1%€247,623€97,502▼ 60.6%-€16,681
Net result-€44,764below the sector's middle half-€76,208below the sector's middle half▼ 70.2%€167,500above the sector's middle half€37,473within the sector's middle half▼ 77.6%-€27,691below the sector's middle half
Equity€1.0mwithin the sector's middle half▼ 39.9%€965,123within the sector's middle half▼ 7.3%€1.1mwithin the sector's middle half▲ 17.4%€1.2mwithin the sector's middle half▲ 3.3%€601,358within the sector's middle half▼ 48.6%
Total assets€2.2mwithin the sector's middle half▼ 12.0%€3.3mwithin the sector's middle half▲ 47.4%€2.3mwithin the sector's middle half▼ 30.4%€2.4mwithin the sector's middle half▲ 3.6%€2.0mwithin the sector's middle half▼ 14.5%
Debt€1.2m▲ 49.2%€2.3m▲ 95.9%€1.1m▼ 50.4%€1.2m▲ 3.8%€1.4m▲ 19.2%
Working capital€700,770above the sector's middle half▼ 50.4%€750,430above the sector's middle half▲ 7.1%-€245,703below the sector's middle half€213,715within the sector's middle half-€499,174below the sector's middle half
Solvency47.0%within the sector's middle half▼ 21.8pp29.5%within the sector's middle half▼ 17.4pp49.8%within the sector's middle half▲ 20.3pp49.7%within the sector's middle half▼ 0.1pp29.9%within the sector's middle half▼ 19.8pp
Current ratio1.84within the sector's middle half▼ 2.561.92within the sector's middle half▲ 0.080.72within the sector's middle half▼ 1.201.29within the sector's middle half▲ 0.570.52within the sector's middle half▼ 0.77
Return on assets (ROA)-2.0%below the sector's middle half▼ 13.1pp-2.3%below the sector's middle half▼ 0.3pp7.4%above the sector's middle half▲ 9.7pp1.6%within the sector's middle half▼ 5.8pp-1.4%within the sector's middle half▼ 3.0pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €16,681 after €97,502 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.0m
Fixed assets
€1.5m ▲ 5.5%
Current assets
€539,585 ▼ 43.7%
Equity and liabilities €2.0m
Equity
€601,358 ▼ 48.6%
Debt
€1.4m ▲ 19.2%
Debt's share of the balance-sheet total rises from 50.3% to 70.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€31,594▼
2024 · €142,731
Cash flow
€20,584▼
2024 · €82,702
Debt to equity
2.35▲
2024 · 1.01
ROE
-4.6%▼
2024 · 3.2%
Interest coverage
2.37▼
2024 · 4.24
Debt ≤ 1 year
€1.0m▲
2024 · €744,153
Debt > 1 year
€368,655▼
2024 · €414,760
Income taxes
€1,328▼
2024 · €29,640
Staff costs
€10,411▲
2024 · €8,143
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,423 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
1.0%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,423 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 | - | - | - | €8,143 | €10,411 | ▲ 27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40,904 | €30,330 | €38,054 | €45,229 | €48,275 | ▲ 6.7% |
| Other operating charges640/8 | - | - | - | €14,475 | €6,128 | ▼ 57.7% |
| Gross operating margin9900 | €1,333 | -€43,702 | €285,677 | €165,348 | €48,134 | ▼ 70.9% |
| Operating profit (loss)9901 | -€39,571 | -€74,032 | €247,623 | €97,502 | -€16,681 | ▼ 117% |
| Financial income75/76B | - | €2,865 | €155 | €3,245 | €3,662 | ▲ 12.9% |
| Recurring financial income75 | €2,232 | €2,865 | €155 | €3,245 | €3,662 | ▲ 12.9% |
| Financial charges65/66B | - | €5,041 | €63,138 | €33,634 | €13,344 | ▼ 60.3% |
| Recurring financial charges65 | €7,425 | €5,041 | €63,138 | €33,634 | €13,344 | ▼ 60.3% |
| Profit (loss) for the period before taxes9903 | -€44,764 | -€76,208 | €184,640 | €67,113 | -€26,363 | ▼ 139% |
| Transfer from deferred taxes780 | - | - | - | €0 | - | - |
| Income taxes67/77 | - | - | €17,140 | €29,640 | €1,328 | ▼ 95.5% |
| Profit (loss) for the period9904 | -€44,764 | -€76,208 | €167,500 | €37,473 | -€27,691 | ▼ 174% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €0 | - |
| Profit (loss) for the period to be appropriated9905 | -€44,764 | -€76,208 | €167,500 | €37,473 | -€27,691 | ▼ 174% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.2m | €3.3m | €2.3m | €2.4m | €2.0m | ▼ 14.5% |
| Fixed assets21/28 | €678,543 | €1.7m | €1.6m | €1.4m | €1.5m | ▲ 5.5% |
| Tangible fixed assets22/27 | €678,468 | €1.7m | €1.6m | €1.4m | €1.5m | ▲ 5.5% |
| Land and buildings22 | - | €1.7m | €1.6m | €1.4m | €1.5m | ▲ 5.6% |
| Plant, machinery and equipment23 | - | €6,060 | €4,349 | €2,883 | €1,557 | ▼ 46.0% |
| Furniture and vehicles24 | - | €28,200 | €13,600 | €0 | - | - |
| Financial fixed assets28 | €75 | - | - | - | - | - |
| Current assets29/58 | €1.5m | €1.6m | €627,130 | €957,868 | €539,585 | ▼ 43.7% |
| Stocks and contracts in progress3 | €73,201 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €708,227 | €1.3m | €69,526 | €79,044 | €33,560 | ▼ 57.5% |
| Trade receivables40 | - | €941,644 | €23,922 | €78,644 | €33,560 | ▼ 57.3% |
| Other amounts receivable41 | - | €346,194 | €45,604 | €400 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €756,093 | €277,893 | €547,300 | €876,170 | €504,335 | ▼ 42.4% |
| Deferred charges and accrued income490/1 | - | €3,440 | €10,304 | €2,654 | €1,690 | ▼ 36.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.2m | €3.3m | €2.3m | €2.4m | €2.0m | ▼ 14.5% |
| Equity10/15 | €1.0m | €965,123 | €1.1m | €1.2m | €601,358 | ▼ 48.6% |
| Contributions10/11 | €247,557 | €247,557 | €247,557 | €247,557 | €247,557 | = |
| Reserves13 | €838,538 | €838,538 | €885,066 | €922,539 | €353,802 | ▼ 61.6% |
| Non-distributable reserves130/1 | - | €1,855 | - | - | - | - |
| Other1319 | - | €1,855 | - | - | - | - |
| Tax-exempt reserves132 | - | €66,408 | €35,497 | €35,497 | - | - |
| Distributable reserves133 | - | €770,275 | €849,569 | €887,042 | €353,802 | ▼ 60.1% |
| Profit (loss) carried forward14 | -€44,764 | -€120,972 | - | - | €0 | - |
| Amounts payable17/49 | €1.2m | €2.3m | €1.1m | €1.2m | €1.4m | ▲ 19.2% |
| Amounts payable after more than one year17 | €337,982 | €1.5m | €268,450 | €414,760 | €368,655 | ▼ 11.1% |
| Financial debts170/4 | - | €1.5m | €268,450 | €414,760 | €368,655 | ▼ 11.1% |
| Amounts payable within one year42/48 | €836,751 | €818,741 | €872,833 | €744,153 | €1.0m | ▲ 39.6% |
| Current portion of amounts payable after more than one year42 | - | €34,083 | €34,524 | €10,336 | €10,682 | ▲ 3.3% |
| Financial debts43 | - | - | - | €34,971 | €35,424 | ▲ 1.3% |
| Credit institutions430/8 | - | - | - | €34,971 | €35,424 | ▲ 1.3% |
| Trade debts44 | €23,140 | €22,297 | €26,500 | €25,202 | €8,221 | ▼ 67.4% |
| Suppliers440/4 | - | €22,297 | €26,500 | €25,202 | €8,221 | ▼ 67.4% |
| Advances received on contracts in progress46 | - | - | - | €500 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | €17,645 | €72,085 | €46,958 | ▼ 34.9% |
| Taxes450/3 | - | - | €17,140 | €71,021 | €45,652 | ▼ 35.7% |
| Remuneration and social security454/9 | - | - | €505 | €1,064 | €1,306 | ▲ 22.7% |
| Other amounts payable47/48 | - | €762,361 | €794,164 | €601,059 | €937,474 | ▲ 56.0% |
| Accrued charges and deferred income492/3 | - | - | - | €25,787 | €4,367 | ▼ 83.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€44,764 | -€76,208 | €167,500 | €37,473 | -€27,691 | ▼ 174% |
| + Depreciation and write-downs630 | €40,904 | €30,330 | €38,054 | €45,229 | €48,275 | ▲ 6.7% |
| Operating cash flow (approximation) | -€3,860 | -€45,878 | €205,554 | €82,702 | €20,584 | ▼ 75.1% |
| Investment in fixed assets (approximation) | - | -€1.0m | €12,998 | €204,619 | -€124,901 | ▼ 161% |
| Change in cash | - | -€478,200 | €269,407 | €328,870 | -€371,835 | ▼ 213% |
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
21-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 297 days late
2023
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Back to profitnet €167,500
Net result €167,500 after 2 loss-making years.
30-06
Financial
Equity above €1mEq €1.1m ▲17.4%
Equity rises from €965,123 to €1.1m.
2022
02-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Weakest financial yearnet -€76,208
Net result drops to -€76,208, the lowest in the series; recovery starts the following year.
17-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
06-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Highest result since 2019net €278,267 ▲33.9%
Operating result €417,179, net result €278,267, both a record.
10-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
02-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
23-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Lochristi · 1 establishment unit since 2010
Ground area
1,071 m²
Building footprint
191 m²
Volume, LiDAR
1,382 m³
Parcel 44077A0399/00G000, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Ruilare 126, 9080 Lochristi
since 20102.188.838.751
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44077A0399/00G000 | Flanders | 1,071 m² | 1 · 191 m² | 11.3 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 734 EUR awarded · 734 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 59 EUR | 59 EUR |
| 2023 | 1 | 675 EUR | 675 EUR |
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VB BEHEER
BE 0550.928.623
Beveren-Kruibeke-Zwijndrecht · Eq €601,717
DE HOPDUVEL IMMO
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Gent · Eq €600,734
IMMO MEURRENS
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Lummen · Eq €602,033
Of 9,145 companies in sector 68201 we hold annual accounts for 6,776. 5,018 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
Founded10-05-2010
Fiscal year end30-06
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
86910Medical imaging and medical laboratories
E-invoicing
Reachable via Peppol
Peppol ID
0208:0825766938
Also
9925:BE0825766938
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.