GVDB
ActiveSummary
GVDB has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €557,269 and a net result of €185,470. Equity is growing by ~60.9% per year across the filed fiscal years. Its solvency ranks better than 20% of 31840 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▼-21
Solvency39▼-35
Growth78=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity short (current ratio 0.13 against 13.13 in 2024; short-term debt: 17.2% and cash: 1.6% of total assets), and 85.8% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
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
14.2%
Return on assets
4.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 31840 sector peers (2025).
NBB · sector comparisonPosition among 31840 sector peers
Solvency
better than 20%
← weakest
strongest →
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 23-07-2026, 8 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
8 d early
2024
23 d early
2023
20 d early
2022
21 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 18 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€557,269▲ 49.9%
2024 · €371,799
Total assets
€3.9m▲ 413%
2024 · €764,294
Net result
€185,470▲ 12.5%
2024 · €164,848
Working capital
-€585,674
2024 · €699,203
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
Line2022202320242025
Operating result€58,805-€234,189▲ 298%€212,491▼ 9.3%€237,251▲ 11.7%
Net result€45,234-€181,146▲ 300%€164,848▼ 9.0%€185,470▲ 12.5%
Equity€25,806-€206,951▲ 702%€371,799▲ 79.7%€557,269▲ 49.9%
Total assets€401,076-€584,519▲ 45.7%€764,294▲ 30.8%€3.9m▲ 413%
Debt€375,270-€377,568▲ 0.6%€392,495▲ 4.0%€3.4m▲ 756%
Working capital€346,872-€527,063▲ 51.9%€699,203▲ 32.7%-€585,674
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 2025; 2025 is 12% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.9m
Fixed assets
€3.8m ▲ 51,494%
Current assets
€86,637 ▼ 88.6%
Equity and liabilities €3.9m
Equity
€557,269 ▲ 49.9%
Debt
€3.4m ▲ 756%
Debt's share of the balance-sheet total rises from 51.4% to 85.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€239,414▲
2024 · €214,957
Cash flow
€187,634▲
2024 · €167,313
Current ratio
0.13▼
2024 · 13.13
Debt to equity
6.03▲
2024 · 1.06
ROE
33.3%▼
2024 · 44.3%
ROA
4.7%▼
2024 · 21.6%
Interest coverage
7.33▼
2024 · 24.98
Debt ≤ 1 year
€672,311▲
2024 · €57,663
Debt > 1 year
€2.7m▲
2024 · €334,832
Income taxes
€55,800▲
2024 · €49,594
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 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €890 | €2,465 | €2,164 | ▼ 12.2% |
| Other operating charges640/8 | €50 | €62 | €131 | €2,434 | ▲ 1,761% |
| Gross operating margin9900 | €58,855 | €235,141 | €215,087 | €241,848 | ▲ 12.4% |
| Operating profit (loss)9901 | €58,805 | €234,189 | €212,491 | €237,251 | ▲ 11.7% |
| Financial income75/76B | - | €9,445 | €11,409 | €36,696 | ▲ 222% |
| Recurring financial income75 | - | €9,445 | €11,409 | €36,696 | ▲ 222% |
| Financial charges65/66B | €2,110 | €7,542 | €9,459 | €32,676 | ▲ 245% |
| Recurring financial charges65 | €2,110 | €7,542 | €8,605 | €32,676 | ▲ 280% |
| Non-recurring financial charges66B | - | - | €855 | - | - |
| Profit (loss) for the period before taxes9903 | €56,696 | €236,092 | €214,441 | €241,271 | ▲ 12.5% |
| Income taxes67/77 | €11,462 | €54,947 | €49,594 | €55,800 | ▲ 12.5% |
| Profit (loss) for the period9904 | €45,234 | €181,146 | €164,848 | €185,470 | ▲ 12.5% |
| Profit (loss) for the period to be appropriated9905 | €45,234 | €181,146 | €164,848 | €185,470 | ▲ 12.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €401,076 | €584,519 | €764,294 | €3.9m | ▲ 413% |
| Fixed assets21/28 | €800 | €8,155 | €7,428 | €3.8m | ▲ 51,494% |
| Tangible fixed assets22/27 | - | €7,355 | €6,628 | €8,944 | ▲ 35.0% |
| Furniture and vehicles24 | - | €7,355 | €6,628 | €4,757 | ▼ 28.2% |
| Other tangible fixed assets26 | - | - | - | €4,187 | - |
| Financial fixed assets28 | €800 | €800 | €800 | €3.8m | ▲ 477,803% |
| Current assets29/58 | €400,276 | €576,364 | €756,866 | €86,637 | ▼ 88.6% |
| Amounts receivable after more than one year29 | €321,200 | €527,645 | €713,054 | - | - |
| Trade receivables290 | €321,200 | €527,645 | €713,054 | - | - |
| Amounts receivable within one year40/41 | - | €22,918 | €21,657 | €23,000 | ▲ 6.2% |
| Trade receivables40 | - | €22,918 | €21,657 | €18,800 | ▼ 13.2% |
| Other amounts receivable41 | - | - | - | €4,200 | - |
| Cash at bank and in hand54/58 | €79,076 | €25,802 | €21,952 | €62,044 | ▲ 183% |
| Deferred charges and accrued income490/1 | - | - | €204 | €1,593 | ▲ 680% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €401,076 | €584,519 | €764,294 | €3.9m | ▲ 413% |
| Equity10/15 | €25,806 | €206,951 | €371,799 | €557,269 | ▲ 49.9% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €23,806 | €204,951 | €369,799 | €555,269 | ▲ 50.2% |
| Amounts payable17/49 | €375,270 | €377,568 | €392,495 | €3.4m | ▲ 756% |
| Amounts payable after more than one year17 | €321,867 | €328,267 | €334,832 | €2.7m | ▲ 703% |
| Financial debts170/4 | €321,867 | €328,267 | €334,832 | €2.7m | ▲ 703% |
| Amounts payable within one year42/48 | €53,404 | €49,301 | €57,663 | €672,311 | ▲ 1,066% |
| Current portion of amounts payable after more than one year42 | - | - | - | €131,110 | - |
| Trade debts44 | - | €2,734 | €376 | €986 | ▲ 162% |
| Suppliers440/4 | - | €2,734 | €376 | €986 | ▲ 162% |
| Taxes, remuneration and social security45 | €38,404 | €44,936 | €53,796 | €50,154 | ▼ 6.8% |
| Taxes450/3 | €35,404 | €44,936 | €53,796 | €50,154 | ▼ 6.8% |
| Remuneration and social security454/9 | €3,000 | - | - | - | - |
| Other amounts payable47/48 | €15,000 | €1,631 | €3,492 | €490,060 | ▲ 13,936% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45,234 | €181,146 | €164,848 | €185,470 | ▲ 12.5% |
| + Depreciation and write-downs630 | - | €890 | €2,465 | €2,164 | ▼ 12.2% |
| Operating cash flow (approximation) | €45,234 | €182,035 | €167,313 | €187,634 | ▲ 12.1% |
| Investment in fixed assets (approximation) | - | -€8,245 | -€1,738 | -€3.8m | ▼ 220,107% |
| Change in cash | - | -€53,274 | -€3,850 | €40,093 | ▲ 1,141% |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2022net €185,470 ▲12.5%
Operating result €237,251, net result €185,470, both a record.
31-12
Financial
Equity above €500,000Eq €557,269 ▲49.9%
4 profitable years in a row build equity to €557,269.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200,000Eq €206,951 ▲702%
2 profitable years in a row build equity to €206,951.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Chaudfontaine · 1 establishment unit since 2022
Ground area
1,808 m²
Building footprint
143 m²
Volume, LiDAR
787 m³
Parcel 62104A0215/00D000, Wallonia · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
GVDB
since 20222.337.993.473
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62104A0215/00D000 | Wallonia | 1,808 m² | 1 · 142 m² | 6.5 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
Lorraine ECA
BE 0838.138.101
Ukkel · Eq €557,305
Mathis Pharma
BE 0882.624.180
Brugge · Eq €557,228
PhaRa
BE 0477.045.208
Antwerpen · Eq €557,175
Mailing SOLUTIONS
BE 0473.841.634
Wavre · Eq €557,367
Vranken-Fossépré
BE 0534.594.813
Antwerpen · Eq €557,423
Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 33,776 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
Founded07-09-2022
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
gui.vanderborght@gmail.com
Phone
+32496776842
Scores and ratios are computed by Checked and are not a credit decision.