Summary
GVAV is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €5,155 and a net result of €2,670. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 22-06-2026, 39 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
39 d early
2024
22 d early
2023
28 d early
2022
34 d early
2021
18 d early
2020
26 d early
2019
38 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 29 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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 4 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€5,155▲ 107%
2023 · €2,484
Net result
€2,670▼ 82.0%
2023 · €14,802
Total assets
€19,465▲ 35.6%
2023 · €14,354
Solvency
26.5%▲ 9.2pp
2023 · 17.3%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line20202021202220232024
Operating result€21,655-€2,522-€11,576▼ 359%€16,390€4,091▼ 75.0%
Net result€21,087within the sector's middle half-€2,858below the sector's middle half-€12,205below the sector's middle half▼ 327%€14,802within the sector's middle half€2,670below the sector's middle half▼ 82.0%
Equity€16,945below the sector's middle half€14,087below the sector's middle half▼ 16.9%€1,882below the sector's middle half▼ 86.6%€2,484below the sector's middle half▲ 32.0%€5,155below the sector's middle half▲ 107%
Total assets€21,600below the sector's middle half▲ 83.5%€32,260below the sector's middle half▲ 49.4%€24,714below the sector's middle half▼ 23.4%€14,354below the sector's middle half▼ 41.9%€19,465below the sector's middle half▲ 35.6%
Debt€4,655▼ 70.7%€18,173▲ 290%€22,832▲ 25.6%€11,870▼ 48.0%€14,310▲ 20.6%
Working capital€12,371within the sector's middle half€6,068within the sector's middle half▼ 50.9%-€5,298within the sector's middle half-€3,090within the sector's middle half▲ 41.7%€1,126within the sector's middle half
Solvency78.4%above the sector's middle half▲ 113.6pp43.7%within the sector's middle half▼ 34.8pp7.6%below the sector's middle half▼ 36.1pp17.3%below the sector's middle half▲ 9.7pp26.5%within the sector's middle half▲ 9.2pp
Current ratio4.13above the sector's middle half▲ 3.941.83within the sector's middle half▼ 2.300.65below the sector's middle half▼ 1.180.56below the sector's middle half▼ 0.091.09within the sector's middle half▲ 0.53
Return on assets (ROA)97.6%above the sector's middle half▲ 186.3pp-8.9%below the sector's middle half▼ 106.5pp-49.4%below the sector's middle half▼ 40.5pp103.1%above the sector's middle half▲ 152.5pp13.7%within the sector's middle half▼ 89.4pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 75% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €19,465
Fixed assets
€5,775 ▼ 44.6%
Current assets
€13,690 ▲ 248%
Equity and liabilities €19,465
Equity
€5,155 ▲ 107%
Debt
€14,310 ▲ 20.6%
Debt's share of the balance-sheet total falls from 82.7% to 73.5%. Equity and debt are higher.
Key figures and ratios
ROE
51.8%▼
2023 · 595.8%
Debt ≤ 1 year
€12,564▲
2023 · €7,026
Debt > 1 year
€1,746▼
2023 · €4,843
Income taxes
€1,365▲
2023 · €1,293
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1,444 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,221 | €3,272 | €4,653 | €4,643 | €4,643 | = |
| Other operating charges640/8 | - | €459 | €469 | €717 | €628 | ▼ 12.4% |
| Gross operating margin9900 | €26,387 | €1,209 | -€6,455 | €21,751 | €9,362 | ▼ 57.0% |
| Operating profit (loss)9901 | €21,655 | -€2,522 | -€11,576 | €16,390 | €4,091 | ▼ 75.0% |
| Financial income75/76B | - | €328 | €0 | €1 | €223 | ▲ 27,719% |
| Recurring financial income75 | €67 | €328 | €0 | €1 | €223 | ▲ 27,719% |
| Non-recurring financial income76B | - | - | €0 | - | - | - |
| Financial charges65/66B | - | €477 | €422 | €296 | €278 | ▼ 6.0% |
| Recurring financial charges65 | €244 | €477 | €422 | €296 | €278 | ▼ 6.0% |
| Profit (loss) for the period before taxes9903 | €21,477 | -€2,670 | -€11,998 | €16,095 | €4,035 | ▼ 74.9% |
| Income taxes67/77 | €390 | €188 | €207 | €1,293 | €1,365 | ▲ 5.6% |
| Profit (loss) for the period9904 | €21,087 | -€2,858 | -€12,205 | €14,802 | €2,670 | ▼ 82.0% |
| Profit (loss) for the period to be appropriated9905 | €21,087 | -€2,858 | -€12,205 | €14,802 | €2,670 | ▼ 82.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €21,600 | €32,260 | €24,714 | €14,354 | €19,465 | ▲ 35.6% |
| Fixed assets21/28 | €5,274 | €18,879 | €15,061 | €10,418 | €5,775 | ▼ 44.6% |
| Tangible fixed assets22/27 | €5,274 | €18,879 | €15,061 | €10,418 | €5,775 | ▼ 44.6% |
| Furniture and vehicles24 | - | €18,879 | €15,061 | €10,418 | €5,775 | ▼ 44.6% |
| Current assets29/58 | €16,326 | €13,381 | €9,653 | €3,936 | €13,690 | ▲ 248% |
| Amounts receivable within one year40/41 | €12,323 | €12,081 | €9,374 | €0 | €10,673 | - |
| Trade receivables40 | - | €7,268 | €9,274 | €0 | €2,720 | - |
| Other amounts receivable41 | - | €4,813 | €101 | €0 | €7,953 | - |
| Cash at bank and in hand54/58 | €4,003 | €812 | €0 | €3,560 | €2,340 | ▼ 34.3% |
| Deferred charges and accrued income490/1 | - | €487 | €279 | €376 | €677 | ▲ 80.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €21,600 | €32,260 | €24,714 | €14,354 | €19,465 | ▲ 35.6% |
| Equity10/15 | €16,945 | €14,087 | €1,882 | €2,484 | €5,155 | ▲ 107% |
| Contributions10/11 | - | €19,200 | €19,200 | €5,000 | €5,000 | = |
| Reserves13 | - | - | - | - | €155 | - |
| Distributable reserves133 | - | - | - | - | €155 | - |
| Profit (loss) carried forward14 | -€2,255 | -€5,113 | -€17,318 | -€2,516 | €0 | ▲ 100% |
| Amounts payable17/49 | €4,655 | €18,173 | €22,832 | €11,870 | €14,310 | ▲ 20.6% |
| Amounts payable after more than one year17 | €700 | €10,861 | €7,881 | €4,843 | €1,746 | ▼ 63.9% |
| Financial debts170/4 | - | €10,161 | €7,181 | €4,143 | €1,046 | ▼ 74.8% |
| Other amounts payable178/9 | - | €700 | €700 | €700 | €700 | = |
| Amounts payable within one year42/48 | €3,955 | €7,312 | €14,951 | €7,026 | €12,564 | ▲ 78.8% |
| Current portion of amounts payable after more than one year42 | - | €2,922 | €2,980 | €3,288 | €3,097 | ▼ 5.8% |
| Financial debts43 | - | €21 | €171 | €92 | €90 | ▼ 3.0% |
| Credit institutions430/8 | - | €21 | €171 | €92 | €90 | ▼ 3.0% |
| Trade debts44 | €157 | €2,286 | €1,365 | €627 | €2,405 | ▲ 284% |
| Suppliers440/4 | - | €2,286 | €1,365 | €627 | €2,405 | ▲ 284% |
| Advances received on contracts in progress46 | - | - | €6,255 | €0 | €5,000 | - |
| Taxes, remuneration and social security45 | - | €2,084 | €207 | €2,780 | €1,972 | ▼ 29.1% |
| Taxes450/3 | - | €2,084 | €207 | €2,780 | €1,972 | ▼ 29.1% |
| Other amounts payable47/48 | - | - | €3,973 | €239 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,087 | -€2,858 | -€12,205 | €14,802 | €2,670 | ▼ 82.0% |
| + Depreciation and write-downs630 | €4,221 | €3,272 | €4,653 | €4,643 | €4,643 | = |
| Operating cash flow (approximation) | €25,308 | €414 | -€7,552 | €19,446 | €7,314 | ▼ 62.4% |
| Investment in fixed assets (approximation) | - | -€16,877 | -€835 | €0 | €0 | - |
| Change in cash | - | -€3,191 | -€812 | €3,560 | -€1,220 | ▼ 134% |
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
22-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €14,802
Net result €14,802 after 2 loss-making years.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €21,087
Net result €21,087 after 2 loss-making years.
31-12
Financial
Liquidity times 22current ratio 4.13
Current ratio from 0.19 to 4.13; short-term debt falls from €12,031 to €3,955.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
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, Brugge · 1 establishment unit since 2017
Ground area
7,272 m²
Building footprint
250 m²
Volume, LiDAR
3,402 m³
Parcel 31808M0462/03M000, Flanders · tallest building 18.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
GVAV
since 20172.266.768.551
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31808M0462/03M000 | Flanders | 7,272 m² | 1 · 250 m² | 18.2 m · 5 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.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 3,341 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
Founded06-04-2017
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0673948080
Also
9925:BE0673948080
Registered
17-12-2025
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.