Result
€40,839 €40,839
Back in profit in 2025, after a loss of €88,362 in 2024.
GVC CONSTRUCT
Overview
Lifetime
12 annual accounts with figures on one time axispeak €619,934 (2014)
€297,047▲ 71.2%
lowest -€88,362 (2024)
€40,839▲ €129,201
peak €476,778 (2023)
€429,255▲ 10.5%
€593,479▼ 15.1%
peak 4.4 FTE (2022)
2 FTE▼ 28.6%
Board4 names since 2022
4 directorsVan den Heede Jolien and 3 others
Documentsfilings and deeds
29-01-20262 days before the deadline
2025abbreviated format
Gross margin from €173,495 to €297,047Back to profit: €40,839Staff from 2.8 FTE to 2 FTEDebts from €698,835 to €593,479Cash from €8,483 to €38,074
Key points
from the 2025 annual accountsInvestments
€41,105 0.3 × depreciation
Green is investment, beige is depreciation. Machinery stands 210.4% higher than in 2024.
Filings
12 annual accounts since 2014
Seven of the last ten came late. The 2016 accounts came latest: 69 days after the end of the period.
Checked score
85
Excellent
Financially stronger than 46% of micro companies in fabricated metal products (NACE 25)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 3,710 companies (NACE 25, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.5%▲ +0.2 percentage points vs 12-2024
02-2025: 0.8%▲ +0.3 percentage points vs 01-2025
03-2025: 1.0%▲ +0.2 percentage points vs 02-2025
04-2025: 1.0%● unchanged vs 03-2025
05-2025: 1.0%● unchanged vs 04-2025
06-2025: 1.0%● unchanged vs 05-2025
07-2025: 1.0%● unchanged vs 06-2025
08-2025: 1.0%● unchanged vs 07-2025
09-2025: 1.0%● unchanged vs 08-2025
10-2025: 1.1%▲ +0.1 percentage points vs 09-2025
11-2025: 1.1%● unchanged vs 10-2025
12-2025: 1.1%● unchanged vs 11-2025
01-2026: 1.2%▲ +0.1 percentage points vs 12-2025highest value
02-2026: 0.3%▼ -0.9 percentage points vs 01-2026lowest value
03-2026: 0.3%● unchanged vs 02-2026lowest value
04-2026: 0.3%● unchanged vs 03-2026lowest value
05-2026: 0.3%● unchanged vs 04-2026lowest value
06-2026: 0.3%● unchanged vs 05-2026lowest value
07-2026: 0.3%● unchanged vs 06-2026lowest value
08-2026: 0.3%● unchanged vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
Liquidity: current ratio 1.72, cash €38,074
lowers risk
Founded in 2012
Figures for financial year 2025 (filed on 31-01-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 25, micro). It does better than 46% of them on solvency, 30% on liquidity, 47% on profitability and 59% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 10,904 companies had the same profile as GVC CONSTRUCT has now. Each dot stands for 28 companies, two years later.
95.2%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of GVC CONSTRUCT itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 10,904 companies, not a prediction for GVC CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €35,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.72 (1.63 in 2024), above the usual 1.5. Short-term debt is 30.9% and cash 3.7% of total assets. However, 58% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 days early
2024
7 days late
2023
15 days late
2022
2 days late
2021
4 days early
2020
12 days late
2019
28 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 8 days after the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 2 February (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end09-11-2026 today31-01-2027 deadline
Recent changes
Changes of role: Van den Heede Geert (statutory director) and Vandeputte Cindy (statutory director)
Director discharge: Van den Heede Geert · Director discharge: Vandeputte Cindy · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0847679535
Appointments: Van den Heede Jonas (director) and Van den Heede Jolien (director)
General meeting of 14-01-2022 · Gazette deed
Incorporation
published on 07-08-2012 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GVC CONSTRUCT Wortegem-Petegem | €1.0m | €297,047 | 42.0% | 2 |
| VVNT VAN VAECK Dilbeek | €1.1m | €346,462 | 44.8% | 3.1 |
| ACTUAL SIGN Machelen (Brab.) | €0.7m | €507,363 | -87.9% | 5 |
| TRAFFIC-LINE Bruges | €1.0m | €434,939 | 75.3% | 4.5 |
| LMB BELGIUM Oudsbergen | €0.4m | €175,038 | 74.5% | 2.1 |
| Panisol Partitions Wijnegem | €1.2m | €373,208 | 34.0% | 5.6 |
| CERTUS RVS Lokeren | €0.3m | €126,725 | 64.9% | 1 |
These companies have the same main activity as GVC CONSTRUCT: manufacture of fabricated metal products, except machinery and equipment (NACE 25999). They are comparable in size and age: total assets between €291,000 and €1.2m, founded between 2006 and 2016.
Official details
Source: KBO- Status
- Active since 27-07-2012Normal situation
- Activity
- Manufacture of fabricated metal products, except machinery and equipmentNACE 25999and 1 other
- Establishment unit
- 2.211.657.6069800 Deinze, since 27-07-2012
- Financial year end
- 30 June
- Peppol
- Reachable since 31-08-2023
Annual accounts to 30-06-2025
- €297,047▲ 71.2%
- ≈ €700,000estimated
- €40,839
- €429,255▲ 10.5%
- €1.0m▼ 5.9%
- Employeeson 30-06-2025
- 2=
- Filing
- Filed on 29-01-2026, 2 days before the end of the filing period
Insights on GVC CONSTRUCT
GVC CONSTRUCT files the abbreviated format. That format states no turnover. The gross margin fell from €619,934 in 2014 to €297,047 in 2025.
The balance sheet grew most from 2019 to 2021 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
abbreviated format, filed on 29-01-2026, 2 days before the deadline€297,047
▲ 71.2%
€58,466
▲ €133,023
€40,839
▲ €129,201
€226,722
▲ 13.9%
42.0%
▲ 6.2 percentage points
1.72
▲ 0.09
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €700,000. Estimated: probably between €420,000 and €1.2m.
Balance sheet
balance sheet total €1.0m on 30-06-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
42.0%
Higher than 45% of 1,245 companies in 2025.
1.72
Higher than 48% of 1,226 companies in 2025.
4.0%
Higher than 45% of 1,244 companies in 2025.
GVC CONSTRUCT
Middle half of the sector
80% of the sector
Abbreviated accounts in fabricated metal products (NACE 25)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: bottom quarter
Staff
€50,562
Staff costs divided by the average number of full-time equivalents.
people who joined
people who left
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||
20/58 |
1.0m | 1.1m | 1.3m | 1.5m | 1.6m | 1.5m | 1.2m | 1.1m | 1.0m | 1.0m | 1.0m | 984,370 | |
21/28 |
479,490 | 571,741 | 692,152 | 821,505 | 930,595 | 1.1m | 780,777 | 660,811 | 662,562 | 730,288 | 793,885 | 819,754 | |
22/27 |
479,490 | 571,741 | 692,152 | 821,505 | 930,595 | 1.1m | 780,777 | 660,811 | 662,562 | 730,288 | 793,885 | 819,754 | |
22 |
371,587 | 429,238 | 484,089 | 543,259 | 590,602 | 646,160 | 705,534 | 594,080 | 635,716 | 682,064 | 728,770 | 785,022 | |
23 |
21,844 | 7,037 | 11,577 | 16,117 | 29,670 | 35,767 | 68,646 | 59,200 | 2,851 | 4,944 | 1,286 | 322 | |
24 |
25,373 | 14,093 | 14,427 | 19,383 | 6,890 | 4,777 | 6,597 | 3,580 | 2,468 | 694 | 183 | 1,283 | |
25 |
60,686 | 121,373 | 182,059 | 242,746 | - | - | - | - | - | - | - | - | |
29/58 |
543,244 | 515,510 | 615,553 | 687,178 | 638,984 | 436,183 | 440,620 | 410,358 | 371,856 | 306,309 | 232,009 | 164,616 | |
29 |
300,000 | 300,000 | 300,000 | 300,000 | 300,000 | - | - | - | - | - | - | - | |
291 |
300,000 | 300,000 | 300,000 | 300,000 | 300,000 | - | - | - | - | - | - | - | |
40/41 |
205,170 | 207,027 | 186,667 | 312,438 | 223,977 | 389,184 | 394,562 | 367,970 | 291,977 | 304,696 | 232,009 | 164,616 | |
40 |
130,950 | 163,722 | 169,460 | 281,927 | 223,977 | 118,115 | 216,801 | 219,861 | 116,857 | 173,858 | 137,746 | 152,152 | |
41 |
74,220 | 43,305 | 17,207 | 30,511 | - | 271,069 | 177,761 | 148,109 | 175,120 | 130,838 | 94,263 | 12,464 | |
54/58 |
38,074 | 8,483 | 126,251 | 74,740 | 115,007 | 46,999 | 46,058 | 42,388 | 79,879 | 1,613 | - | - | |
490/1 |
- | - | 2,635 | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||
10/49 |
1.0m | 1.1m | 1.3m | 1.5m | 1.6m | 1.5m | 1.2m | 1.1m | 1.0m | 1.0m | 1.0m | 984,370 | |
10/15 |
429,255 | 388,416 | 476,778 | 476,526 | 468,173 | 359,202 | 320,796 | 272,790 | 236,637 | 217,649 | 193,525 | 177,709 | |
10/11 |
150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | |
100 |
- | - | - | - | - | - | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | |
11 |
- | - | - | - | - | 150,000 | - | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | 150,000 | - | - | - | - | - | - | |
13 |
326,778 | 326,778 | 326,778 | 326,526 | 318,173 | 209,202 | 170,796 | 122,790 | 86,637 | 67,649 | 43,525 | 27,709 | |
130/1 |
15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | |
1311 |
15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | - | - | - | - | - | - | |
133 |
311,778 | 311,778 | 311,778 | 311,526 | 303,173 | 194,202 | 155,796 | 107,790 | 71,637 | 52,649 | 28,525 | 12,709 | |
14 |
-47,523 | -88,362 | - | - | - | - | - | - | - | - | - | - | |
17/49 |
593,479 | 698,835 | 830,927 | 1.0m | 1.1m | 1.1m | 900,601 | 798,379 | 797,781 | 818,948 | 832,369 | 806,661 | |
17 |
276,957 | 382,373 | 491,781 | 600,115 | 707,380 | 794,265 | 546,128 | 452,848 | 501,766 | 560,912 | 620,410 | 629,437 | |
170/4 |
276,957 | 382,373 | 491,781 | 600,115 | 707,380 | 794,265 | 546,128 | 452,848 | 501,766 | 560,912 | 620,410 | 629,437 | |
42/48 |
316,522 | 316,462 | 339,146 | 432,042 | 394,026 | 333,539 | 354,473 | 345,531 | 296,015 | 258,036 | 211,959 | 177,224 | |
42 |
105,416 | 109,408 | 108,321 | 107,265 | 106,202 | 117,285 | 47,801 | 48,918 | 59,146 | 59,498 | 61,801 | 43,464 | |
43 |
100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 103,704 | 100,000 | 100,000 | 102,674 | 14,473 | 30,799 | 15,681 | |
430/8 |
100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 103,704 | 100,000 | 100,000 | 102,674 | 14,473 | 30,799 | 15,681 | |
44 |
100,133 | 79,425 | 86,991 | 167,823 | 96,692 | 62,993 | 107,255 | 68,610 | 44,760 | 147,023 | 75,716 | 90,465 | |
440/4 |
100,133 | 79,425 | 86,991 | 167,823 | 96,692 | 62,993 | 107,255 | 68,610 | 44,760 | 147,023 | 75,716 | 90,465 | |
45 |
10,973 | 27,629 | 43,834 | 56,954 | 85,141 | 49,557 | 63,417 | 78,003 | 53,435 | 37,042 | 43,643 | 27,614 | |
450/3 |
7,673 | 23,253 | 38,201 | 50,562 | 69,806 | 43,189 | 56,225 | 59,001 | 38,383 | 19,498 | 28,540 | 24,114 | |
454/9 |
3,300 | 4,376 | 5,633 | 6,392 | 15,335 | 6,368 | 7,192 | 19,002 | 15,052 | 17,544 | 15,103 | 3,500 | |
47/48 |
- | - | - | - | 5,991 | - | 36,000 | 50,000 | 36,000 | - | - | - | |
| Income statement | |||||||||||||
76A |
250 | - | 515 | - | - | - | 4,851 | - | - | - | - | - | |
9900 |
297,047 | 173,495 | 309,138 | 311,799 | 526,887 | 376,188 | 373,548 | 375,487 | 300,539 | 277,693 | 276,388 | 619,934 | |
62 |
101,124 | 115,939 | 160,590 | 149,803 | 219,706 | 151,033 | 141,289 | 146,097 | 138,832 | 137,722 | 149,876 | 304,474 | |
630 |
133,356 | 127,425 | 128,868 | 136,931 | 155,063 | 165,716 | 129,260 | 101,668 | 71,147 | 76,655 | 79,514 | 233,701 | |
640/8 |
4,101 | 4,688 | 3,414 | 3,551 | 3,557 | 3,296 | 4,064 | 5,875 | 5,673 | 3,225 | 4,208 | 8,619 | |
9901 |
58,466 | -74,557 | 16,266 | 21,514 | 148,561 | 56,143 | 98,935 | 121,847 | 84,887 | 60,091 | 42,790 | 73,140 | |
75/76B |
6,798 | 7,354 | 12,195 | 12,828 | 9,263 | 6,284 | 6,866 | 5,508 | 6,175 | 2,823 | 1,797 | 5,074 | |
75 |
6,798 | 7,354 | 12,195 | 12,828 | 9,263 | 6,284 | 6,866 | 5,508 | 6,175 | 2,823 | 1,797 | 5,074 | |
65/66B |
23,764 | 20,583 | 19,375 | 21,550 | 28,221 | 23,694 | 20,471 | 19,709 | 23,851 | 26,056 | 21,032 | 38,228 | |
65 |
23,764 | 20,583 | 19,375 | 21,550 | 28,221 | 23,694 | 20,471 | 19,709 | 23,851 | 26,056 | 21,032 | 38,228 | |
9903 |
41,500 | -87,786 | 9,086 | 12,792 | 129,603 | 38,733 | 85,330 | 107,646 | 67,211 | 36,858 | 23,555 | 39,986 | |
67/77 |
661 | 576 | 8,834 | 4,439 | 20,632 | 327 | 1,324 | 21,493 | 12,223 | 12,734 | 7,739 | 12,277 | |
9904 |
40,839 | -88,362 | 252 | 8,353 | 108,971 | 38,406 | 84,006 | 86,153 | 54,988 | 24,124 | 15,816 | 27,709 | |
9905 |
40,839 | -88,362 | 252 | 8,353 | 108,971 | 38,406 | 84,006 | 86,153 | 54,988 | 24,124 | 15,816 | 27,709 | |
| Appropriation of the result | |||||||||||||
9906 |
-47,523 | -88,362 | 252 | 8,353 | 108,971 | 38,406 | 84,006 | 86,153 | 54,988 | 24,124 | 15,816 | 27,709 | |
14P |
-88,362 | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | 252 | 8,353 | 108,971 | 38,406 | 48,006 | 36,153 | 18,988 | 24,124 | 15,816 | 27,709 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | 15,000 | |
6921 |
- | - | 252 | 8,353 | 108,971 | 38,406 | 48,006 | 36,153 | 18,988 | 24,124 | 15,816 | 12,709 | |
694/7 |
- | - | - | - | - | - | 36,000 | 50,000 | 36,000 | - | - | - | |
695 |
- | - | - | - | - | - | 36,000 | 50,000 | 36,000 | - | - | - | |
| Social balance sheet | |||||||||||||
9087 |
2 | 2.8 | 3.3 | 4.4 | 4.1 | 4.1 | 3 | 3 | 3 | 3 | 3.2 | 3.7 | |
Hours worked1013 |
3,006 | 3,154 | 3,832 | 5,005 | 5,598 | 5,598 | 5,315 | 5,085 | 5,110 | 5,200 | 5,180 | 12,682 | |
| Document | |||||||||||||
The notes to these accounts have 18 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 29-01-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 29-01-2026 | 2026-00023319 | |
| 30-06-2024 | abbreviated format | 07-02-2025 | 2025-00031809 | |
| 30-06-2023 | abbreviated format | 15-02-2024 | 2024-00030427 | |
| 30-06-2022 | abbreviated format | 02-02-2023 | 2023-00019559 | |
| 30-06-2021 | abbreviated format | 27-01-2022 | 2022-02200383 | |
| 30-06-2020 | abbreviated format | 12-02-2021 | 2021-05300230 | |
| 30-06-2019 | abbreviated format | 28-02-2020 | 2020-05900354 | |
| 30-06-2018 | abbreviated format | 28-01-2019 | 2019-02300381 | |
| 30-06-2017 | abbreviated format | 21-03-2018 | 2018-07800180 | |
| 30-06-2016 | abbreviated format | 10-04-2017 | 2017-09300200 | |
| 30-06-2015 | abbreviated format | 28-02-2016 | 2016-05400248 | |
| 30-06-2014 | abbreviated format | 23-01-2015 | 2015-02100579 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 191,822 | 52,868 | 145,134 | 158,445 | 303,624 | 221,859 | 228,195 | 223,515 | 156,034 | 136,746 | 122,304 | 306,841 | ||
| 174,195 | 39,063 | 129,120 | 145,284 | 264,034 | 204,122 | 213,266 | 187,821 | 126,135 | 100,779 | 95,330 | 261,410 | ||
| 41,105 | 7,014 | -485 | 27,842 | 34,835 | 435,762 | 249,226 | 99,917 | 3,421 | 13,058 | 53,645 | 1.1m | ||
| 29,591 | -117,768 | 51,511 | -40,267 | 68,008 | 941 | 3,670 | -37,491 | 78,266 | - | - | - | ||
| 226,722 | 199,048 | 276,407 | 255,136 | 244,958 | 102,644 | 86,147 | 64,827 | 75,841 | 48,273 | 20,050 | -12,608 | ||
| 42.0% | 35.7% | 36.5% | 31.6% | 29.8% | 24.2% | 26.3% | 25.5% | 22.9% | 21.0% | 18.9% | 18.1% | ||
| 1.72 | 1.63 | 1.82 | 1.59 | 1.62 | 1.31 | 1.24 | 1.19 | 1.26 | 1.19 | 1.09 | 0.93 | ||
| 1.38 | 1.80 | 1.74 | 2.17 | 2.35 | 3.14 | 2.81 | 2.93 | 3.37 | 3.76 | 4.30 | 4.54 | ||
| 9.5% | -22.7% | 0.1% | 1.8% | 23.3% | 10.7% | 26.2% | 31.6% | 23.2% | 11.1% | 8.2% | 15.6% | ||
| 4.0% | -8.1% | 0.0% | 0.6% | 6.9% | 2.6% | 6.9% | 8.0% | 5.3% | 2.3% | 1.5% | 2.8% | ||
| 8.07 | 2.57 | 7.49 | 7.35 | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 3 | 4 |
| full-time | 2 | 2 | 3 | 4 |
| in full-time equivalents | 2 | 2 | 3 | 4 |
| 2 | 2.8 | 3.3 | 4.4 | |
| On a permanent contract | 2 | 2 | 3 | 4 |
| Joined | - | 0 | 0 | 0 |
| Left | - | 1 | 1 | 2 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Securities and guarantees
on own assets and for others| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €482,373 | €591,781 | €700,102 | €807,380 |
| Mortgages, amount registered | €594,000 | €594,000 | €594,000 | €594,000 |
| Carrying value of the mortgaged assets | €371,587 | €429,238 | €484,089 | €543,259 |
| Carrying value of the other pledged assets | €60,686 | €121,373 | €182,060 | €242,746 |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €41,105 | €7,014 | - | €27,842 |
| €133,356 | €127,425 | €128,868 | €136,931 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on GVC CONSTRUCT
The operating result for 2025 is a profit of €58,466, after a loss of €74,557 in 2024. It is the highest result since 2021.
Debt's share of the balance-sheet total falls from 64.3% to 58.0%. Equity is higher and debt is lower.
Board & ownership
Board
4 directors, last change in 2024Statutory director
appointed by deed of 05-01-2024
term without a fixed end
earlier statutory manager, until 05-01-2024
Statutory director
appointed by deed of 05-01-2024
term without a fixed end
earlier statutory manager, until 05-01-2024
Mandates through the years
4 names, the dashed line is todayVan den Heede Jolien
Director
Director
Van den Heede Jonas
Director
Director
Van den Heede Geert
Statutory director
Statutory director
Vandeputte Cindy
Statutory director
Statutory director
BoardEarliermandate already running before its first mention
Mandates as a list
- Van den Heede Jolien
- Director, appointed by deed of 03-02-2022, still in office
- Van den Heede Jonas
- Director, appointed by deed of 03-02-2022, still in office
- Van den Heede Geert
- Statutory director, appointed by deed of 05-01-2024, still in office
- Statutory manager, until 05-01-2024
- Vandeputte Cindy
- Statutory director, appointed by deed of 05-01-2024, still in office
- Statutory manager, until 05-01-2024
Control
Capital
- Contribution
- €150,000
- Source
- 2025 annual accounts
Articles of association
deed of 05-01-2024 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Algemene vergadering die bestuurder(s) benoemt bepaalt aantal duur opdracht en indien meerdere hun bevoegdheid, wanneer geen bestuurder meer…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Saturday of December at 18:00
Network & group
No group
GVC CONSTRUCT has no parent and no holdings in its annual accounts. GVC CONSTRUCT shares no director with another company.
Timeline
Timeline
21 events since 2012Board
Filings
Financial
Establishments
20122014201620182020202220242026
Deadline for the 2026 accounts: 31-01-2027
2026
Annual accounts 2025 filed PDFabbreviated format · 2 days before the deadline
2025
Back to profit net €40,839 The net result is €40,839, after one loss-making year.
Annual accounts 2024 filed PDFabbreviated format · 7 days late
2024
Weakest financial year net -€88,362 The net result drops to -€88,362, the lowest from 2014 to 2025. It recovers the following year.
Annual accounts 2023 filed PDFabbreviated format · 15 days late
Changes of role: Van den Heede Geert (statutory director) and Vandeputte Cindy (statutory director)Director discharge: Van den Heede Geert · Director discharge: Vandeputte Cindy11 points ▸
- 1,500 shares
- Board composition, Van den Heede Geert (statutory director)
- Board composition, Vandeputte Cindy (statutory director)
- Registered office clause, Spreeuwengoed 18, 9790 Wortegem-Petegem
- Power of attorney, Niels Debakker
- Director resignation, Van den Heede Geert (statutory manager)
- Director resignation, Vandeputte Cindy (statutory manager)
- Director appointment, Van den Heede Geert (statutory director)
- Director appointment, Vandeputte Cindy (statutory director)
- Director discharge, Van den Heede Geert
- Director discharge, Vandeputte Cindy
- The deed holds 4 more points.
2023
Registered in the Peppol Directory Reachable for e-invoices through 0208:0847679535
Annual accounts 2022 filed PDFabbreviated format · 2 days late
2022
Appointments: Van den Heede Jonas (director) and Van den Heede Jolien (director)General meeting of 14-01-20223 points ▸
- General meeting, 14-01-2022
- Director appointment, Van den Heede Jonas
- Director appointment, Van den Heede Jolien
Annual accounts 2021 filed PDFabbreviated format · 4 days before the deadline
2021
Highest result from 2014 to 2025 net €108,971 ▲184% The operating result of €148,561 and the net result of €108,971 are both a record.
Annual accounts 2020 filed PDFabbreviated format · 12 days late
2020
Annual accounts 2019 filed PDFabbreviated format · 28 days late
2019
Annual accounts 2018 filed PDFabbreviated format · 3 days before the deadline
2018
Annual accounts 2017 filed PDFabbreviated format · 49 days late
2017
Annual accounts 2016 filed PDFabbreviated format · 69 days late
2016
Equity above €200,000 equity €217,649 ▲12.5% With a profit in every financial year since 2014, equity grows to €217,649.
Annual accounts 2015 filed PDFabbreviated format · 28 days late
2015
Annual accounts 2014 filed PDFabbreviated format · 8 days before the deadline
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0847.679.535
- VAT number
- BE 0847.679.535
- Peppol ID
- 0208:0847679535
- Other Peppol ID
- 9925:BE0847679535
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 27-07-2012
- Financial year
- ends on 30 June
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Saturday of December at 18:00deed of 05-01-2024 (in Dutch)
- Peppol
- Reachable since 31-08-2023Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- GVC CONSTRUCT in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 05-01-2024 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 05-01-2024 (in Dutch)
Activities
NACEBEL 2025VAT activities
25999
Manufacture of fabricated metal products, except machinery and equipment main activity
Social security (RSZ) activities
25120
Manufacture of fabricated metal products, except machinery and equipment main activity
Codes under NACEBEL 2008
VAT activities
25999
Manufacture of fabricated metal products, except machinery and equipment main activity
Social security (RSZ) activities
25120
Manufacture of fabricated metal products, except machinery and equipment main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Alle bewerkingen van metaal, onder andere snij- en plooiwerken, spuitwerken, enzovoort; Vervaardiging en handel van aanhangwagens en…”deed of 05-01-2024 (in Dutch)
38 activities
- Alle bewerkingen van metaal, onder andere snij- en plooiwerken, spuitwerken, enzovoort
- Vervaardiging en handel van aanhangwagens en opleggers
- Vervaardiging van carrosserieën (inclusief cabines) voor auto's
- Vervaardiging van andere gereedschapswerktuigen
- Vervaardiging en plaatsing van metalen constructiewerken en delen daarvan
- Vervaardiging van metalen constructiewerken of gebinten voor de bouw
- Vervaardiging en plaatsing van metalen deuren en vensters
- Vervaardiging van metaalschrijnwerk: deuren, vensters en kozijnen, luiken, verplaatsbare wanden, hekken, garagepoorten, enzovoort
- Smeden van metaal
- Vervaardiging van gesmede werkstukken van metaal
- Vervaardiging en montage van gesmede werkstukken voor de bouw: trapleuningen, borstweringen, enzovoort
- Persen, stampen en profielwalsen van metaal; poedermetallurgie
- Vervaardiging van met een matrijs geperste werkstukken van metaal
- Oppervlakte behandeling van metalen: plateren, anodiseren, bekleden, warmtebehandeling, afbramen, zandstralen, reinigen, trommelpolijster, verven, graveren, bedrukken, harden, poetsen, enzovoort
- Verspanend bewerken van metalen
- Boren, draaien, frezen, vonkerosief bewerken, schaven, lappen, trekfrezen, vlakken, zagen, slijpen, lassen, enzovoort, van metalen stukken
- Vervaardiging van overige artikelen van metaal
- Montage van buiten- en binnenschrijnwerk in metaal: deuren, vensters, kozijnen, trappen, muurkasten, inbouwkeukens, winkelinrichtingen, enzovoort
- Installatie van al dan niet verplaatsbare tussenwanden, de bekleding van wanden, plafonds enzovoort, in metaal
- Installatie van garagepoorten, luiken, zonneblinden, traliewerk, hekken, enzovoort, in metaal
- Installatie van geblindeerde deuren en brandwerende deuren in metaal
- Montage van serres, veranda's enzovoort, in metaal
- Schilderen van metalen constructies
- Plaatsen van tussenwanden van gipsplaten
- Monteren van niet-zelfvervaardigde metalen constructiewerken
- Overige werkzaamheden in verband met de afwerking van gebouwen
- Het verwerven van participaties in eender welke vorm in alle bestaande of op te richten rechtspersonen en vennootschappen, het stimuleren, de planning, de coördinatie, de ontwikkeling van en de investering in rechtspersonen en ondernemingen waarin zij al of niet een participatie aanhoudt
- Het toestaan van leningen en kredietopeningen aan rechtspersonen en ondernemingen of particulieren, onder om het even welke vorm; in dit kader kan zij zich ook borg stellen of haar aval verlenen, in de meest ruime zin, alle handels- en financiële operaties verrichten behalve die wettelijk voorbehouden zijn aan kredietinstellingen
- Het verlenen van adviezen van financiële, technische, commerciële of administratieve aard; in de ruimste zin, met uitzondering van adviezen inzake beleggingen en geldplaatsingen; bijstand en diensten verlenen, rechtstreeks of onrechtstreeks op het vlak van administratie en financiën, verkoop, productie en algemeen bestuur
- Het waarnemen van alle bestuursopdrachten en opdrachten van vereffenaars, het uitoefenen van opdrachten en functies
- Het ontwikkelen, kopen, verkopen, in licentie nemen of geven van octrooien, knowhow en aanverwante immateriële duurzame activa
- De aan- en verkoop, in- en uitvoer, commissiehandel en vertegenwoordiging van om het even welke goederen, in 't kort tussenpersoon in de handel
- Het onderzoek, de ontwikkeling, de vervaardiging of commercialisering van nieuwe producten, nieuwe vormen van technologie en hun toepassingen
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals de huurfinanciering van onroerende goederen aan derden, het aankopen, verkopen, ruilen, bouwen, verbouwen, onderhouden, verhuren, huren, verkavelen, prospecteren en uitbaten van onroerende goederen; de aan- en verkoop, huur en verhuur van roerende goederen
- Alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van roerende en onroerende goederen te bevorderen, alsmede zich borg te stellen voor goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze roerende en onroerende goederen
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend patrimonium, alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals het verwerven door inschrijving of aankoop en het beheren van aandelen, obligaties, kasbons of andere roerende waarden, van welke vorm ook, van Belgische of buitenlandse, bestaande of nog op te richten rechtspersonen en ondernemingen
- De vennootschap mag alle verrichtingen stellen van commerciële, industriële, onroerende, roerende of financiële aard die rechtstreeks of onrechtstreeks met haar voorwerp verwant of verknocht zijn of de verwezenlijking ervan kunnen bevorderen
- De vennootschap mag betrokken zijn bij wijze van inbreng, samensmelting, inschrijving of op elke andere wijze, in de ondernemingen, verenigingen of vennootschappen, die een gelijkaardig, soortgelijk of samenhangend voorwerp hebben of die nuttig zijn voor de verwezenlijking van het geheel of een gedeelte van haar voorwerp
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Spreeuwengoed (W.) 18 registered office 9790 Wortegem-Petegem | ||
| Vaart Linkeroever 48 9800 Deinze | 27-07-2012 | 2.211.657.606 |
Buildings and parcels at the addresses
- Ground area
- 5,096 m²
- Buildings
- 1,994 m²
- Volume, LiDAR
- 15,049 m³
- Tallest building
- 9.1 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44011A0726/00W000 | 4,231 m² | 1 · 1,870 m² | 9.1 m · 3 |
| 45055B0003/00E004 | 865 m² | 1 · 124 m² | 8.3 m · 2 |