GVD-Tech
ActiveGVD-Tech has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €614k and a net result of €97k. Equity is growing by ~71.1% per year across the filed fiscal years. Its solvency ranks better than 50% of 36376 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
64
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78▼-5
Solvency71▼-13
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 1.54 against 1.77 in 2023; short-term debt: 25.1% and cash: 3.9% of total assets), but 53.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
378 d late
2022
197 d late
2021
106 d late
2020
90 d late
2019
80 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€614k▲ 18.7%
2023 · €517k
2018: €18k
2019: €57k
2020: €79k
2021: €140k
2022: €417k
2023: €517k
2018 → 2024
Total assets
€1.32M▲ 51.0%
2023 · €876k
2018: €182k
2019: €276k
2020: €646k
2021: €379k
2022: €734k
2023: €876k
2018 → 2024
Net result
€97k▼ 3.2%
2023 · €100k
2018: €25k
2019: €33k
2020: €22k
2021: €61k
2022: €277k
2023: €100k
2018 → 2024
Working capital
€180k▼ 10.7%
2023 · €202k
2018: €-3k
2019: €41k
2020: €-19k
2021: €120k
2022: €240k
2023: €202k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€79k-€140k▲ 77.8%€417k▲ 197%€517k▲ 23.9%€614k▲ 18.7%
Operating result€40k-€117k▲ 193%€412k▲ 252%€90k▼ 78.1%€198k▲ 120%
Net result€22k-€61k▲ 182%€277k▲ 351%€100k▼ 64.0%€97k▼ 3.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 120% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.32M
Fixed assets
€810k▲ 96.6%
Current assets
€512k▲ 10.4%
Equity and liabilities €1.32M
Equity
€614k▲ 18.7%
Debt
€708k▲ 97.5%
The debt ratio rises from 40.9% to 53.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€335k▲
2023 · €164k
Cash flow
€233k▲
2023 · €174k
Solvency
46.4%▼
2023 · 59.1%
Current ratio
1.54▼
2023 · 1.77
Quick ratio
1.54▼
2023 · 1.77
Debt / equity
1.15▲
2023 · 0.69
ROE
15.7%▼
2023 · 19.3%
ROA
7.3%▼
2023 · 11.4%
Interest coverage
8.54▼
2023 · 75.56
Debt
€708k▲
2023 · €359k
Debt ≤ 1 year
€332k▲
2023 · €262k
Debt > 1 year
€373k▲
2023 · €93k
Income taxes
€69k▲
2023 · €40k
Staff costs
€465k▲
2023 · €232k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€876k€1.32M▲
Fixed assets21/28€412k€810k▲
Tangible fixed assets22/27€412k€810k▲
Land and buildings22-€279k
Plant, machinery and equipment23€184k€191k▲
Furniture and vehicles24€218k€332k▲
Other tangible fixed assets26€9k€8k▼
Current assets29/58€464k€512k▲
Amounts receivable within one year40/41€396k€457k▲
Trade receivables40€241k€255k▲
Other amounts receivable41€156k€202k▲
Cash at bank and in hand54/58€64k€52k▼
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€876k€1.32M▲
Equity10/15€517k€614k▲
Contributions10/11€12k€12k=
Reserves13€483k€601k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€481k€599k▲
Profit (loss) carried forward14€22k-
Amounts payable17/49€359k€708k▲
Amounts payable after more than one year17€93k€373k▲
Financial debts170/4€93k€373k▲
Amounts payable within one year42/48€262k€332k▲
Current portion of amounts payable after more than one year42€71k-
Financial debts43-€173k
Credit institutions430/8-€173k
Trade debts44€10k€63k▲
Suppliers440/4€10k€63k▲
Taxes, remuneration and social security45€180k€96k▼
Taxes450/3€180k€62k▼
Remuneration and social security454/9€393€34k▲
Other amounts payable47/48€500€500=
Accrued charges and deferred income492/3€3k€4k▲
Income statement
Code20232024
Remuneration, social security and pensions62€232k€465k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€74k€136k▲
Other operating charges640/8€49k€67k▲
Gross operating margin9900€445k€866k▲
Operating profit (loss)9901€90k€198k▲
Financial income75/76B€51k€7k▼
Recurring financial income75€3k€6k▲
Non-recurring financial income76B€49k€331▼
Financial charges65/66B€2k€39k▲
Recurring financial charges65€2k€39k▲
Profit (loss) for the period before taxes9903€139k€166k▲
Income taxes67/77€40k€69k▲
Profit (loss) for the period9904€100k€97k▼
Profit (loss) for the period to be appropriated9905€100k€97k▼
Appropriation of the result
Profit (loss) to be appropriated9906€122k€118k▼
Profit (loss) brought forward from the previous period14P€22k€22k=
Transfer to equity691/2€100k€118k▲
To other reserves6921€100k€118k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 378 days late
2024
13-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 197 days late
2023
31-12
Financial
Equity above €500kEq €517k ▲23.9%
6 profitable years in a row build equity to €517k.
2022
31-12
Financial
Highest result since 2018net €277k ▲351%
Operating result €412k, net result €277k, both a record.
31-12
Financial
Equity above €200kEq €417k ▲197%
5 profitable years in a row build equity to €417k.
14-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 106 days late
2021
31-12
Financial
Equity above €100kEq €140k ▲77.8%
4 profitable years in a row build equity to €140k.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Weakest financial yearnet €22k ▼33.4%
Net result drops to €22k, the lowest in the series; recovery starts the following year.
19-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 80 days late
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Zele · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Veldekensstraat 2269240 ZeleGround area
163 m²
Building footprint
107 m²
Volume, LiDAR
762 m³
Parcel 42402C2114/00K000, Flanders · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GVD-TECH BVBA
since 20182.271.732.575
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42402C2114/00K000 | Flanders | 163 m² | 1 · 107 m² | 9.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
4 categoriesGVD-Tech BV39338
Similar companies · same sector, comparable size
NEVE PLASTICS
BE 0434.467.156
Mortsel · Eq €614k
ALGEMEEN AFWERKINGSBEDRIJF CONINGS
BE 0430.129.474
Maasmechelen · Eq €613k
HAUTE MEUSE NET SERVICES 2
BE 0807.391.277
Spa · Eq €615k
Parca
BE 0418.687.434
Nazareth-De Pinte · Eq €615k
HAEGEMAN TECHNIEKEN
BE 0474.027.815
Herzele · Eq €612k
Of 7,289 companies in sector 43350 we hold annual accounts for 2,360. 1,204 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-01-2018
Fiscal year end31-12
Activities, NACEBEL
43350Other building finishing work
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.