GVanco
ActiveSummary
GVanco has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €269,355 and a net result of €59,823. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 79% of 2033 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▼-2
Solvency98▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 2.81 against 2.13 in 2024; short-term debt: 24.8% and cash: 66.6% of total assets), and 27% of the assets are financed with debt.
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Signals
Five 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% 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
73%
Return on assets
16.2%
Age of the figures
9 mo
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 · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €269,355
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
8 d late
2023
7 d late
2022
21 d early
2021
18 d early
2020
22 d early
2019
31 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 13 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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 20 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, abbreviated schema
Equity
€269,355▲ 28.6%
2024 · €209,533
Total assets
€369,029▲ 19.7%
2024 · €308,380
Net result
€59,823▲ 9.5%
2024 · €54,652
Working capital
€166,059▲ 64.1%
2024 · €101,190
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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€51,369▼ 5.7%€32,927▼ 35.9%€49,200▲ 49.4%€87,055▲ 76.9%€94,393▲ 8.4%
Net result€33,781within the sector's middle half▼ 7.4%€20,507within the sector's middle half▼ 39.3%€30,194within the sector's middle half▲ 47.2%€54,652within the sector's middle half▲ 81.0%€59,823within the sector's middle half▲ 9.5%
Equity€230,969within the sector's middle half▼ 8.5%€207,492within the sector's middle half▼ 10.2%€218,187within the sector's middle half▲ 5.2%€209,533within the sector's middle half▼ 4.0%€269,355within the sector's middle half▲ 28.6%
Total assets€295,216within the sector's middle half▲ 7.1%€284,683within the sector's middle half▼ 3.6%€316,393within the sector's middle half▲ 11.1%€308,380within the sector's middle half▼ 2.5%€369,029within the sector's middle half▲ 19.7%
Debt€64,247▲ 176%€77,191▲ 20.1%€98,207▲ 27.2%€98,847▲ 0.7%€99,674▲ 0.8%
Working capital€120,960within the sector's middle half▼ 19.4%€98,069within the sector's middle half▼ 18.9%€109,293within the sector's middle half▲ 11.4%€101,190within the sector's middle half▼ 7.4%€166,059within the sector's middle half▲ 64.1%
Solvency78.2%above the sector's middle half▼ 13.3pp72.9%above the sector's middle half▼ 5.4pp69.0%above the sector's middle half▼ 3.9pp67.9%above the sector's middle half▼ 1.0pp73.0%above the sector's middle half▲ 5.0pp
Current ratio4.12above the sector's middle half▼ 6.692.72within the sector's middle half▼ 1.412.31within the sector's middle half▼ 0.412.13within the sector's middle half▼ 0.182.81within the sector's middle half▲ 0.69
Return on assets (ROA)11.4%within the sector's middle half▼ 1.8pp7.2%within the sector's middle half▼ 4.2pp9.5%within the sector's middle half▲ 2.3pp17.7%above the sector's middle half▲ 8.2pp16.2%within the sector's middle half▼ 1.5pp
Staff (FTE)0below the sector's middle half0below the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 8% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €369,029
Fixed assets
€111,296 ▼ 5.2%
Current assets
€257,732 ▲ 34.9%
Equity and liabilities €369,029
Equity
€269,355 ▲ 28.6%
Debt
€99,674 ▲ 0.8%
Debt's share of the balance-sheet total falls from 32.1% to 27.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€100,452▲
2024 · €93,113
Cash flow
€65,881▲
2024 · €60,711
Debt to equity
0.37▼
2024 · 0.47
ROE
22.2%▼
2024 · 26.1%
Interest coverage
18.51▲
2024 · 15.91
Debt ≤ 1 year
€91,674▲
2024 · €89,835
Debt > 1 year
€8,000▼
2024 · €8,936
Income taxes
€29,700▲
2024 · €27,181
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
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 0.2% 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 34,679 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 | €1,584 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,162 | €6,059 | €6,059 | €6,059 | €6,059 | = |
| Other operating charges640/8 | €916 | €899 | €1,265 | €827 | €1,025 | ▲ 24.0% |
| Gross operating margin9900 | €57,447 | €39,885 | €56,523 | €93,941 | €101,477 | ▲ 8.0% |
| Operating profit (loss)9901 | €51,369 | €32,927 | €49,200 | €87,055 | €94,393 | ▲ 8.4% |
| Financial income75/76B | €3 | - | €21 | €629 | €557 | ▼ 11.4% |
| Recurring financial income75 | €3 | - | €21 | €629 | €557 | ▼ 11.4% |
| Financial charges65/66B | €932 | €1,673 | €3,494 | €5,851 | €5,428 | ▼ 7.2% |
| Recurring financial charges65 | €932 | €1,673 | €3,494 | €5,851 | €5,428 | ▼ 7.2% |
| Profit (loss) for the period before taxes9903 | €50,440 | €31,254 | €45,727 | €81,833 | €89,522 | ▲ 9.4% |
| Income taxes67/77 | €16,659 | €10,748 | €15,532 | €27,181 | €29,700 | ▲ 9.3% |
| Profit (loss) for the period9904 | €33,781 | €20,507 | €30,194 | €54,652 | €59,823 | ▲ 9.5% |
| Profit (loss) for the period to be appropriated9905 | €33,781 | €20,507 | €30,194 | €54,652 | €59,823 | ▲ 9.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €295,216 | €284,683 | €316,393 | €308,380 | €369,029 | ▲ 19.7% |
| Fixed assets21/28 | €135,530 | €129,472 | €123,413 | €117,355 | €111,296 | ▼ 5.2% |
| Tangible fixed assets22/27 | €25,130 | €19,072 | €13,013 | €6,955 | €896 | ▼ 87.1% |
| Furniture and vehicles24 | €25,130 | €19,072 | €13,013 | €6,955 | €896 | ▼ 87.1% |
| Financial fixed assets28 | €110,400 | €110,400 | €110,400 | €110,400 | €110,400 | = |
| Current assets29/58 | €159,686 | €155,211 | €192,980 | €191,025 | €257,732 | ▲ 34.9% |
| Amounts receivable within one year40/41 | €11,022 | €23,135 | €11,855 | €11,852 | €11,737 | ▼ 1.0% |
| Trade receivables40 | €11,015 | €23,120 | €11,840 | €11,837 | €11,705 | ▼ 1.1% |
| Other amounts receivable41 | €8 | €15 | €15 | €15 | €32 | ▲ 111% |
| Cash at bank and in hand54/58 | €148,406 | €131,841 | €180,877 | €178,905 | €245,735 | ▲ 37.4% |
| Deferred charges and accrued income490/1 | €257 | €235 | €248 | €268 | €261 | ▼ 2.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €295,216 | €284,683 | €316,393 | €308,380 | €369,029 | ▲ 19.7% |
| Equity10/15 | €230,969 | €207,492 | €218,187 | €209,533 | €269,355 | ▲ 28.6% |
| Contributions10/11 | €20,000 | €20,000 | €1,297 | €500 | €500 | = |
| Reserves13 | €210,117 | €186,639 | €216,834 | €208,180 | €268,003 | ▲ 28.7% |
| Non-distributable reserves130/1 | €2,000 | €2,000 | €0 | - | - | - |
| Reserves not available under the articles1311 | €2,000 | €2,000 | €0 | - | - | - |
| Distributable reserves133 | €208,117 | €184,639 | €216,834 | €208,180 | €268,003 | ▲ 28.7% |
| Profit (loss) carried forward14 | €853 | €853 | €55 | €853 | €853 | = |
| Amounts payable17/49 | €64,247 | €77,191 | €98,207 | €98,847 | €99,674 | ▲ 0.8% |
| Amounts payable after more than one year17 | €25,521 | €20,048 | €14,520 | €8,936 | €8,000 | ▼ 10.5% |
| Financial debts170/4 | €25,521 | €20,048 | €14,520 | €8,936 | €8,000 | ▼ 10.5% |
| Amounts payable within one year42/48 | €38,725 | €57,142 | €83,687 | €89,835 | €91,674 | ▲ 2.0% |
| Current portion of amounts payable after more than one year42 | €5,418 | €5,473 | €5,528 | €5,584 | €936 | ▼ 83.2% |
| Trade debts44 | €76 | €86 | €386 | €77 | €0 | ▼ 100% |
| Suppliers440/4 | €76 | €86 | €386 | €77 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €22,681 | €20,325 | €19,989 | €22,582 | €28,715 | ▲ 27.2% |
| Taxes450/3 | €18,681 | €16,325 | €15,989 | €19,482 | €25,615 | ▲ 31.5% |
| Remuneration and social security454/9 | €4,000 | €4,000 | €4,000 | €3,100 | €3,100 | = |
| Other amounts payable47/48 | €10,550 | €31,258 | €57,784 | €61,592 | €62,023 | ▲ 0.7% |
| Accrued charges and deferred income492/3 | - | - | - | €76 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,781 | €20,507 | €30,194 | €54,652 | €59,823 | ▲ 9.5% |
| + Depreciation and write-downs630 | €5,162 | €6,059 | €6,059 | €6,059 | €6,059 | = |
| Operating cash flow (approximation) | €38,943 | €26,565 | €36,253 | €60,711 | €65,881 | ▲ 8.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€16,565 | €49,036 | -€1,972 | €66,830 | ▲ 3,488% |
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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €59,823 ▲9.5%
Operating result €94,393, net result €59,823, both a record.
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 8 days late
2024
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 7 days late
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €20,507 ▼39.3%
Net result drops to €20,507, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-07
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 3 acts read
About the unread acts
We know of 3 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
3 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, Brugge · 1 establishment unit since 2011
Ground area
926 m²
Building footprint
213 m²
Volume, LiDAR
940 m³
Parcel 31424B0602/00T002, Flanders · tallest building 8.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ARCHITECTENVENNOOTSCHAP GEERT VANCOILLIE
since 20112.200.396.597
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31424B0602/00T002 | Flanders | 926 m² | 1 · 213 m² | 8.3 m · 1 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 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
16%
According to the 2025 annual accounts of GVanco and those 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.
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Of 18,254 companies in sector 71111 we hold annual accounts for 6,321. 4,818 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
Founded30-06-2011
Fiscal year end31-12
Activities, NACEBEL 2025
71111Activities of building architects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0837454745
Also
9925:BE0837454745
Registered
16-12-2025
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.