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GIOVAN

Active
Private limited companyfounded 2025active for 1 yearWendelenplein 1, 3540 Herk-de-Stad, BelgiumKBO/BCE: BE 1022.476.010
Summary

GIOVAN has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €59,283 and a net result of €9,283. Its solvency ranks better than 28% of 16,925 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 1.5% (low).

Financials · financial year 2025, micro format

Turnover
≈ €460,000
Estimated: probably between €380,000 and €560,000
Total assets
€1.9m
Net result
€9,283
Working capital
-€1.1m

Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €1.9m
Fixed assets €1.7m
Current assets €192,342
Equity and liabilities €1.9m
Equity €59,283
Debt €1.8m
Debt finances 96.9% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€67,537
Cash flow
€59,849
Current ratio
0.15
Quick ratio
0.14
Debt to equity
30.83
ROE
15.7%
ROA
0.5%
Interest coverage
12.22
Debt ≤ 1 year
€1.3m
Debt > 1 year
€560,000
Income taxes
€2,817
Staff costs
€630

Peer companies

Historical observation

Of the 139 companies that looked in July 2024 the way this one looks now, 0.0% went bankrupt within 24 months and 99.3% are still going.

  • Small
  • under 2 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
0.0% went bankrupt
0.7% stopped otherwise
99.3% still going

For this company itself Checked computes a higher bankruptcy probability: 1.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
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 74.5% 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 139 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
Filed annual accounts As filed with the NBB · 2025 · 47 lines
Balance sheet Code2025
Assets
Total assets20/58€1.9m
Fixed assets21/28€1.7m
Intangible fixed assets21€0.7m
Tangible fixed assets22/27€1.0m
Land and buildings22€1.0m
Plant, machinery and equipment23€0.04m
Furniture and vehicles24€0.006m
Current assets29/58€0.2m
Stocks and contracts in progress3€0.01m
Stocks30/36€0.01m
Amounts receivable within one year40/41€0.006m
Trade receivables40€0.006m
Other amounts receivable41€66
Cash at bank and in hand54/58€0.2m
Deferred charges and accrued income490/1€0.004m
Equity and liabilities
Total equity and liabilities10/49€1.9m
Equity10/15€0.06m
Contributions10/11€0.05m
Reserves13€0.009m
Distributable reserves133€0.009m
Amounts payable17/49€1.8m
Amounts payable after more than one year17€0.6m
Financial debts170/4€0.6m
Amounts payable within one year42/48€1.3m
Current portion of amounts payable after more than one year42€0.04m
Trade debts44€0.02m
Suppliers440/4€0.02m
Taxes, remuneration and social security45€0.03m
Taxes450/3€0.03m
Other amounts payable47/48€1.2m
Accrued charges and deferred income492/3€0.003m
Income statement Code2025
Remuneration, social security and pensions62€0.001m
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.05m
Other operating charges640/8€0.09m
Gross operating margin9900€0.2m
Operating profit (loss)9901€0.02m
Financial income75/76B€0.001m
Recurring financial income75€0.001m
Financial charges65/66B€0.006m
Recurring financial charges65€0.006m
Profit (loss) for the period before taxes9903€0.01m
Income taxes67/77€0.003m
Profit (loss) for the period9904€0.009m
Profit (loss) for the period to be appropriated9905€0.009m
Appropriation of the result
Profit (loss) to be appropriated9906€0.009m
Transfer to equity691/2€0.009m
To other reserves6921€0.009m

The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€630
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50,566
Other operating charges640/8€89,253
Gross operating margin9900€157,419
Operating profit (loss)9901€16,971
Financial income75/76B€658
Recurring financial income75€658
Financial charges65/66B€5,528
Recurring financial charges65€5,528
Profit (loss) for the period before taxes9903€12,101
Income taxes67/77€2,817
Profit (loss) for the period9904€9,283
Profit (loss) for the period to be appropriated9905€9,283
Line2025
Assets
Total assets20/58€1.9m
Fixed assets21/28€1.7m
Intangible fixed assets21€0.7m
Tangible fixed assets22/27€1.0m
Land and buildings22€1.0m
Plant, machinery and equipment23€0.04m
Furniture and vehicles24€0.006m
Current assets29/58€0.2m
Stocks and contracts in progress3€0.01m
Stocks30/36€0.01m
Amounts receivable within one year40/41€0.006m
Trade receivables40€0.006m
Other amounts receivable41€66
Cash at bank and in hand54/58€0.2m
Deferred charges and accrued income490/1€0.004m
Equity and liabilities
Total equity and liabilities10/49€1.9m
Equity10/15€0.06m
Contributions10/11€0.05m
Reserves13€0.009m
Distributable reserves133€0.009m
Amounts payable17/49€1.8m
Amounts payable after more than one year17€0.6m
Financial debts170/4€0.6m
Amounts payable within one year42/48€1.3m
Current portion of amounts payable after more than one year42€0.04m
Trade debts44€0.02m
Suppliers440/4€0.02m
Taxes, remuneration and social security45€0.03m
Taxes450/3€0.03m
Other amounts payable47/48€1.2m
Accrued charges and deferred income492/3€0.003m
Line2025
Profit (loss) for the period9904€9,283
+ Depreciation and write-downs630€50,566
Operating cash flow (approximation)€59,849

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 23-06-2026 2026-00186845

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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.