GPV
ActiveSummary
GPV has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €27k and a net result of €34k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 68% of 2053 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency90▲+69
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 2.69 against 0.06 in 2024; short-term debt: 34.6% and cash: 75.5% of total assets), and 34.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer 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
65.4%
Return on assets
83.3%
Age of the figures
12 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 26-03-2026, 35 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
35 d early
2024
37 d early
2023
50 d early
2022
2 d early
2021
8 d early
2020
36 d early
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€34k
2024 · €-31k
2019: €91khighest in 7 years
2020: €8k▼ -91.7% vs 2019
2021: €-14k▼ -282% vs 2020
2022: €-57k▼ -316% vs 2021lowest in 7 years
2023: €-10k▲ +82.1% vs 2022
2024: €-31k▼ -206% vs 2023
2025: €34k▲ +211% vs 2024
2019 → 2025
Working capital
€24k
2024 · €-78k
2019: €45k
2020: €51k▲ +13.1% vs 2019highest in 7 years
2021: €34k▼ -32.7% vs 2020
2022: €-25k▼ -172% vs 2021
2023: €-42k▼ -72.4% vs 2022
2024: €-78k▼ -83.3% vs 2023lowest in 7 years
2025: €24k▲ +131% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€91k-€34k▼ 62.6%€24k▼ 30.0%€-7k€27k
2021: €91khighest in 5 years
2022: €34k▼ -62.6% vs 2021
2023: €24k▼ -30.0% vs 2022
2024: €-7k▼ -131% vs 2023lowest in 5 years
2025: €27k▲ +465% vs 2024
Operating result€-9k-€-53k▼ 468%€-7k▲ 87.4%€-28k▼ 313%€38k
2021: €-9k
2022: €-53k▼ -468% vs 2021lowest in 5 years
2023: €-7k▲ +87.4% vs 2022
2024: €-28k▼ -313% vs 2023
2025: €38k▲ +237% vs 2024highest in 5 years
Net result€-14k-€-57k▼ 316%€-10k▲ 82.1%€-31k▼ 206%€34k
2021: €-14k
2022: €-57k▼ -316% vs 2021lowest in 5 years
2023: €-10k▲ +82.1% vs 2022
2024: €-31k▼ -206% vs 2023
2025: €34k▲ +211% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €38k after a loss of €28k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €41k
Fixed assets
€3k ▼ 98.6%
Current assets
€39k ▲ 635%
Equity and liabilities €41k
Equity
€27k
Debt
€14k
Debt finances 34.6% of the balance-sheet total.
Key figures and ratios
EBITDA
€39k▲
2024 · €-14k
Cash flow
€36k▲
2024 · €-18k
Current ratio
2.69▲
2024 · 0.06
Debt to equity
0.53▲
2024 · -28.18
ROE
127.4%
ROA
83.3%▲
2024 · -15.5%
Interest coverage
12.09▲
2024 · -3.84
Debt ≤ 1 year
€14k▼
2024 · €83k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€202k€41k▼
Fixed assets21/28€196k€3k▼
Tangible fixed assets22/27€196k€3k▼
Land and buildings22€168k-
Furniture and vehicles24€4k€3k▼
Other tangible fixed assets26€24k-
Current assets29/58€5k€39k▲
Amounts receivable within one year40/41€3k€7k▲
Trade receivables40€3k€3k▼
Other amounts receivable41-€5k
Cash at bank and in hand54/58€2k€31k▲
Deferred charges and accrued income490/1-€151
Equity and liabilities
Total equity and liabilities10/49€202k€41k▼
Equity10/15€-7k€27k▲
Contributions10/11€6k€6k=
Capital10€6k€6k=
Issued capital100€19k€19k=
Uncalled capital101€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€-15k€19k▲
Amounts payable17/49€209k€14k▼
Amounts payable after more than one year17€126k-
Financial debts170/4€126k-
Amounts payable within one year42/48€83k€14k▼
Current portion of amounts payable after more than one year42€18k-
Trade debts44€3k€323▼
Suppliers440/4€3k€323▼
Taxes, remuneration and social security45€4k-
Taxes450/3€4k-
Other amounts payable47/48€58k€14k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€1k▼
Other operating charges640/8€4k€2k▼
Gross operating margin9900€-10k€41k▲
Operating profit (loss)9901€-28k€38k▲
Financial income75/76B-€22
Recurring financial income75-€22
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€-31k€34k▲
Profit (loss) for the period9904€-31k€34k▲
Profit (loss) for the period to be appropriated9905€-31k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-15k€19k▲
Profit (loss) brought forward from the previous period14P€16k€-15k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15k | €15k | €16k | €13k | €1k | ▼ 91.1% |
| Other operating charges640/8 | €2k | €2k | €2k | €4k | €2k | ▼ 56.5% |
| Gross operating margin9900 | €8k | €-36k | €11k | €-10k | €41k | ▲ 494% |
| Operating profit (loss)9901 | €-9k | €-53k | €-7k | €-28k | €38k | ▲ 237% |
| Financial income75/76B | - | - | - | - | €22 | - |
| Recurring financial income75 | - | - | - | - | €22 | - |
| Financial charges65/66B | €4k | €4k | €4k | €4k | €3k | ▼ 12.3% |
| Recurring financial charges65 | €4k | €4k | €4k | €4k | €3k | ▼ 12.3% |
| Profit (loss) for the period before taxes9903 | €-14k | €-57k | €-10k | €-31k | €34k | ▲ 211% |
| Profit (loss) for the period9904 | €-14k | €-57k | €-10k | €-31k | €34k | ▲ 211% |
| Profit (loss) for the period to be appropriated9905 | €-14k | €-57k | €-10k | €-31k | €34k | ▲ 211% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €295k | €227k | €213k | €202k | €41k | ▼ 79.5% |
| Fixed assets21/28 | €234k | €219k | €210k | €196k | €3k | ▼ 98.6% |
| Tangible fixed assets22/27 | €234k | €219k | €210k | €196k | €3k | ▼ 98.6% |
| Land and buildings22 | €187k | €181k | €174k | €168k | - | - |
| Furniture and vehicles24 | €5k | €3k | €5k | €4k | €3k | ▼ 29.8% |
| Other tangible fixed assets26 | €42k | €36k | €30k | €24k | - | - |
| Current assets29/58 | €60k | €8k | €3k | €5k | €39k | ▲ 635% |
| Amounts receivable within one year40/41 | €51k | €2k | €1k | €3k | €7k | ▲ 128% |
| Trade receivables40 | €17k | €2k | €1k | €3k | €3k | ▼ 16.7% |
| Other amounts receivable41 | €33k | €40 | - | - | €5k | - |
| Cash at bank and in hand54/58 | €10k | €5k | €2k | €2k | €31k | ▲ 1,393% |
| Deferred charges and accrued income490/1 | - | - | - | - | €151 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €295k | €227k | €213k | €202k | €41k | ▼ 79.5% |
| Equity10/15 | €91k | €34k | €24k | €-7k | €27k | ▲ 465% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | €6k | €6k | €6k | €6k | €6k | = |
| Issued capital100 | €19k | €19k | €19k | €19k | €19k | = |
| Uncalled capital101 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €83k | €26k | €16k | €-15k | €19k | ▲ 223% |
| Amounts payable17/49 | €204k | €193k | €189k | €209k | €14k | ▼ 93.1% |
| Amounts payable after more than one year17 | €178k | €161k | €143k | €126k | - | - |
| Financial debts170/4 | €178k | €161k | €143k | €126k | - | - |
| Amounts payable within one year42/48 | €26k | €32k | €45k | €83k | €14k | ▼ 82.8% |
| Current portion of amounts payable after more than one year42 | €17k | €17k | €17k | €18k | - | - |
| Trade debts44 | €640 | €2k | €2k | €3k | €323 | ▼ 89.5% |
| Suppliers440/4 | €640 | €2k | €2k | €3k | €323 | ▼ 89.5% |
| Taxes, remuneration and social security45 | €9k | €633 | €20k | €4k | - | - |
| Taxes450/3 | €9k | €633 | €7k | €4k | - | - |
| Remuneration and social security454/9 | - | - | €13k | - | - | - |
| Other amounts payable47/48 | - | €13k | €7k | €58k | €14k | ▼ 76.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-14k | €-57k | €-10k | €-31k | €34k | ▲ 211% |
| + Depreciation and write-downs630 | €15k | €15k | €16k | €13k | €1k | ▼ 91.1% |
| Operating cash flow (approximation) | €1k | €-42k | €5k | €-18k | €36k | ▲ 301% |
| Investment in fixed assets (approximation) | - | €0 | €-6k | €0 | €192k | - |
| Change in cash | - | €-4k | €-3k | €311 | €29k | ▲ 9,290% |
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
26-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €34k
Net result €34k after 4 loss-making years.
30-09
Financial
Liquidity times 43current ratio 2.69
Current ratio from 0.06 to 2.69; short-term debt falls from €83k to €14k.
24-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet €-57k
Net result drops to €-57k, the lowest in the series; recovery starts the following year.
22-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
25-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-09
Financial
Equity above €100kEq €105k ▲7.8%
2 profitable years in a row build equity to €105k.
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Ieper · 1 establishment unit since 2018
Ground area
1,109 m²
Building footprint
262 m²
Volume, LiDAR
1,950 m³
2 parcels, Flanders, Wallonia · tallest building 12.9 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
GPV
since 20182.275.808.753
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25085D0537/00H000 | Wallonia | 826 m² | 1 · 156 m² | 8.4 m · 2 fl. |
| 33011F0179/02H000 | Flanders | 283 m² | 1 · 106 m² | 12.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 294 companies in sector 85532 we hold annual accounts for 83. 60 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 (pre-2019)
Founded28-03-2018
Fiscal year end30-09
Activities, NACEBEL 2025
85532Education
28990Manufacture of machinery and equipment not elsewhere classified
46190Agents in non-specialised wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.