GV-Tech
ActiveSummary
GV-Tech has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €248,509 and a net result of €77,477. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 43% of 88 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2026
Axes · tick = 2025
Profitability87▲+5
Solvency73▲+21
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity ample (current ratio 1.88 against 1.34 in 2025; short-term debt: 52.4% and cash: 36% of total assets), but 52.4% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
47.6%
Return on assets
14.8%
Age of the figures
6 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 16-09-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
45 d early
2025
116 d early
2024
28 d early
2023
4 d early
2022
3 d early
2021
2 d early
2020
8 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 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-03-2027 close31-10-2027 deadline
History
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Financials · fiscal year 2026, abbreviated schema
Equity
€248,509▲ 45.3%
2025 · €171,032
Total assets
€522,361▼ 19.0%
2025 · €645,103
Net result
€77,477▲ 10.4%
2025 · €70,192
Working capital
€241,038▲ 47.4%
2025 · €163,543
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result€12,156€122,229▲ 906%€48,968▼ 59.9%€104,733▲ 114%€115,940▲ 10.7%
Net result€4,566€79,032▲ 1,631%€25,839▼ 67.3%€70,192▲ 172%€77,477▲ 10.4%
Equity€239,182▲ 1.9%€318,213▲ 33.0%€252,039▼ 20.8%€171,032▼ 32.1%€248,509▲ 45.3%
Total assets€461,166▼ 10.5%€525,221▲ 13.9%€589,371▲ 12.2%€645,103▲ 9.5%€522,361▼ 19.0%
Debt€221,984▼ 20.9%€207,007▼ 6.7%€337,332▲ 63.0%€474,071▲ 40.5%€273,853▼ 42.2%
Working capital€230,602▲ 2.4%€311,180▲ 34.9%€247,274▼ 20.5%€163,543▼ 33.9%€241,038▲ 47.4%
Staff (FTE)2.6▲ 8.3%3▲ 15.4%3=3=3=
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2024 the operating result has climbed two years in a row; 2026 is 11% above 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €522,361
Fixed assets
€7,471 ▼ 0.2%
Current assets
€514,890 ▼ 19.2%
Equity and liabilities €522,361
Equity
€248,509 ▲ 45.3%
Debt
€273,853 ▼ 42.2%
Debt's share of the balance-sheet total falls from 73.5% to 52.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€117,948▲
2025 · €107,455
Cash flow
€79,485▲
2025 · €72,915
Current ratio
1.88▲
2025 · 1.34
Quick ratio
1.80▲
2025 · 1.30
Debt to equity
1.10▼
2025 · 2.77
ROE
31.2%▼
2025 · 41.0%
ROA
14.8%▲
2025 · 10.9%
Interest coverage
8.73▼
2025 · 9.20
Debt ≤ 1 year
€273,853▼
2025 · €474,071
Income taxes
€26,821▲
2025 · €23,797
Staff costs
€183,086▼
2025 · €199,143
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €500 | €0 | - | - | - |
| Remuneration, social security and pensions62 | €141,015 | €178,878 | €189,006 | €199,143 | €183,086 | ▼ 8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,586 | €3,729 | €3,838 | €2,722 | €2,008 | ▼ 26.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | - | - | - | - | - |
| Other operating charges640/8 | €1,289 | €20,577 | €1,632 | €1,795 | €2,590 | ▲ 44.3% |
| Gross operating margin9900 | €158,046 | €325,412 | €243,444 | €308,393 | €303,624 | ▼ 1.5% |
| Operating profit (loss)9901 | €12,156 | €122,229 | €48,968 | €104,733 | €115,940 | ▲ 10.7% |
| Financial income75/76B | €114 | €1,421 | €652 | €933 | €1,870 | ▲ 100% |
| Recurring financial income75 | €114 | €1,421 | €652 | €933 | €1,870 | ▲ 100% |
| Financial charges65/66B | €5,813 | €5,885 | €10,947 | €11,676 | €13,512 | ▲ 15.7% |
| Recurring financial charges65 | €5,297 | €5,555 | €10,947 | €11,676 | €13,512 | ▲ 15.7% |
| Non-recurring financial charges66B | €516 | €330 | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €6,457 | €117,765 | €38,674 | €93,990 | €104,297 | ▲ 11.0% |
| Income taxes67/77 | €1,891 | €38,733 | €12,834 | €23,797 | €26,821 | ▲ 12.7% |
| Profit (loss) for the period9904 | €4,566 | €79,032 | €25,839 | €70,192 | €77,477 | ▲ 10.4% |
| Profit (loss) for the period to be appropriated9905 | €4,566 | €79,032 | €25,839 | €70,192 | €77,477 | ▲ 10.4% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €461,166 | €525,221 | €589,371 | €645,103 | €522,361 | ▼ 19.0% |
| Fixed assets21/28 | €8,580 | €7,034 | €4,765 | €7,489 | €7,471 | ▼ 0.2% |
| Intangible fixed assets21 | €1,696 | €848 | €0 | - | - | - |
| Tangible fixed assets22/27 | €6,884 | €6,186 | €4,765 | €7,489 | €7,471 | ▼ 0.2% |
| Plant, machinery and equipment23 | €4,006 | €3,275 | €2,042 | €5,055 | €5,368 | ▲ 6.2% |
| Furniture and vehicles24 | €2,878 | €2,910 | €2,723 | €2,433 | €2,103 | ▼ 13.6% |
| Current assets29/58 | €452,586 | €518,187 | €584,605 | €637,614 | €514,890 | ▼ 19.2% |
| Stocks and contracts in progress3 | €19,667 | €22,466 | €22,991 | €21,569 | €20,865 | ▼ 3.3% |
| Stocks30/36 | €19,667 | €22,466 | €22,991 | €21,569 | €20,865 | ▼ 3.3% |
| Amounts receivable within one year40/41 | €281,150 | €318,186 | €371,572 | €345,254 | €294,696 | ▼ 14.6% |
| Trade receivables40 | €232,322 | €272,298 | €281,415 | €293,927 | €244,615 | ▼ 16.8% |
| Other amounts receivable41 | €48,829 | €45,889 | €90,157 | €51,327 | €50,081 | ▼ 2.4% |
| Cash at bank and in hand54/58 | €147,435 | €174,686 | €169,872 | €264,194 | €188,055 | ▼ 28.8% |
| Deferred charges and accrued income490/1 | €4,334 | €2,848 | €20,170 | €6,597 | €11,274 | ▲ 70.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €461,166 | €525,221 | €589,371 | €645,103 | €522,361 | ▼ 19.0% |
| Equity10/15 | €239,182 | €318,213 | €252,039 | €171,032 | €248,509 | ▲ 45.3% |
| Contributions10/11 | €7,200 | €7,200 | €0 | - | - | - |
| Reserves13 | €238,835 | €313,835 | €252,039 | €171,032 | €248,509 | ▲ 45.3% |
| Non-distributable reserves130/1 | €13,960 | €13,960 | €0 | - | - | - |
| Reserves not available under the articles1311 | €13,960 | €13,960 | €0 | - | - | - |
| Distributable reserves133 | €224,875 | €299,875 | €252,039 | €171,032 | €248,509 | ▲ 45.3% |
| Profit (loss) carried forward14 | -€6,853 | -€2,821 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €221,984 | €207,007 | €337,332 | €474,071 | €273,853 | ▼ 42.2% |
| Amounts payable within one year42/48 | €221,984 | €207,007 | €337,332 | €474,071 | €273,853 | ▼ 42.2% |
| Trade debts44 | €70,324 | €151,696 | €175,423 | €195,214 | €121,927 | ▼ 37.5% |
| Suppliers440/4 | €70,324 | €151,696 | €175,423 | €195,214 | €121,927 | ▼ 37.5% |
| Taxes, remuneration and social security45 | €25,108 | €40,142 | €40,879 | €31,853 | €25,967 | ▼ 18.5% |
| Taxes450/3 | €7,129 | €13,993 | €8,711 | €8,617 | €1,906 | ▼ 77.9% |
| Remuneration and social security454/9 | €17,980 | €26,149 | €32,169 | €23,237 | €24,061 | ▲ 3.5% |
| Other amounts payable47/48 | €126,552 | €15,169 | €121,030 | €247,004 | €125,959 | ▼ 49.0% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,566 | €79,032 | €25,839 | €70,192 | €77,477 | ▲ 10.4% |
| + Depreciation and write-downs630 | €3,586 | €3,729 | €3,838 | €2,722 | €2,008 | ▼ 26.2% |
| Operating cash flow (approximation) | €8,152 | €82,760 | €29,677 | €72,915 | €79,485 | ▲ 9.0% |
| Investment in fixed assets (approximation) | - | -€2,183 | -€1,569 | -€5,446 | -€1,990 | ▲ 63.5% |
| Change in cash | - | €27,252 | -€4,814 | €94,322 | -€76,139 | ▼ 181% |
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 2027, expected by
2026
16-09
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
31-03
Financial
Equity above €200,000Eq €248,509 ▲45.3%
5 profitable years in a row build equity to €248,509.
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
03-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Highest result since 2019net €79,032 ▲1,631%
Operating result €122,229, net result €79,032, both a record.
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Back to profitnet €4,566
Net result €4,566 after one loss-making year.
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
23-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Back to profitnet €59,912
Net result €59,912 after one loss-making year.
31-03
Financial
Equity above €200,000Eq €246,035 ▲31%
Equity rises from €187,746 to €246,035.
Show earlier events
2019
25-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · 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, Oostrozebeke · 1 establishment unit since 2007
Ground area
2,868 m²
Building footprint
175 m²
Volume, LiDAR
939 m³
Parcel 37010F0056/00B000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
GV-Tech
since 20072.161.309.953
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37010F0056/00B000 | Flanders | 2,868 m² | 1 · 175 m² | 7.7 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.
Similar companies · same sector, comparable size
SGS TECH
BE 0827.634.187
Heusden-Zolder · Eq €248,682
LEON SMET
BE 0473.782.642
Beveren-Kruibeke-Zwijndrecht · Eq €248,271
DECOCK VINCENT
BE 0812.183.374
Harelbeke · Eq €248,238
DANELEC
BE 0455.467.161
Mons · Eq €248,154
JUPITER ELECTRONICS
BE 0401.898.714
Dilbeek · Eq €248,080
Of 22,832 companies in sector 43211 we hold annual accounts for 10,328. 7,917 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
Founded27-02-2007
Fiscal year end31-03
Activities, NACEBEL 2025
43211General electrical installation work
47540Retail sale of electrical household appliances
Scores and ratios are computed by Checked and are not a credit decision.