GVDB Technics
ActiveSummary
The computed 12-month bankruptcy probability of GVDB Technics is 1.8% (moderate). The 2025 annual accounts show equity of €172,344 and a net result of €42,084. Equity is growing by ~27.2% per year across the filed fiscal years. Its solvency ranks better than 64% of 28374 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability87▲+9
Solvency84▲+5
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 2.43 against 2.16 in 2024; short-term debt: 36.5% and cash: 69.9% of total assets), and 40.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
Specialised construction activities (NACE 43)
about 85% more 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
59.3%
Return on assets
14.5%
Age of the figures
9 mo
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 02-07-2026, 29 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
29 d early
2024
28 d early
2023
33 d early
2022
35 d early
2021
34 d early
2020
92 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 11 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 29 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 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 check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€172,344▲ 32.3%
2024 · €130,260
Total assets
€290,437▲ 21.2%
2024 · €239,693
Net result
€42,084▲ 132%
2024 · €18,108
Working capital
€151,417▲ 45.5%
2024 · €104,069
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€38,077▲ 6.5%€30,273▼ 20.5%€34,367▲ 13.5%€25,337▼ 26.3%€55,181▲ 118%
Net result€31,040above the sector's middle half▲ 9.1%€23,147within the sector's middle half▼ 25.4%€26,526within the sector's middle half▲ 14.6%€18,108within the sector's middle half▼ 31.7%€42,084above the sector's middle half▲ 132%
Equity€62,479within the sector's middle half▲ 98.7%€85,626within the sector's middle half▲ 37.0%€112,152within the sector's middle half▲ 31.0%€130,260within the sector's middle half▲ 16.1%€172,344above the sector's middle half▲ 32.3%
Total assets€137,833within the sector's middle half▲ 31.6%€180,412within the sector's middle half▲ 30.9%€261,101within the sector's middle half▲ 44.7%€239,693within the sector's middle half▼ 8.2%€290,437within the sector's middle half▲ 21.2%
Debt€75,354▲ 2.9%€94,786▲ 25.8%€148,949▲ 57.1%€109,433▼ 26.5%€118,093▲ 7.9%
Working capital€37,221within the sector's middle half▲ 79.7%€64,951within the sector's middle half▲ 74.5%€72,079within the sector's middle half▲ 11.0%€104,069above the sector's middle half▲ 44.4%€151,417above the sector's middle half▲ 45.5%
Solvency45.3%within the sector's middle half▲ 15.3pp47.5%within the sector's middle half▲ 2.1pp43.0%within the sector's middle half▼ 4.5pp54.3%within the sector's middle half▲ 11.4pp59.3%within the sector's middle half▲ 5.0pp
Current ratio1.49within the sector's middle half▲ 0.211.69within the sector's middle half▲ 0.191.59within the sector's middle half▼ 0.102.16within the sector's middle half▲ 0.572.43within the sector's middle half▲ 0.27
Return on assets (ROA)22.5%above the sector's middle half▼ 4.6pp12.8%within the sector's middle half▼ 9.7pp10.2%within the sector's middle half▼ 2.7pp7.6%within the sector's middle half▼ 2.6pp14.5%within the sector's middle half▲ 6.9pp
Staff (FTE)1.21▼ 16.7%1=
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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 recovers in 2025; 2025 is 118% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €290,437
Fixed assets
€33,068 ▼ 27.4%
Current assets
€257,370 ▲ 32.6%
Equity and liabilities €290,437
Equity
€172,344 ▲ 32.3%
Debt
€118,093 ▲ 7.9%
Debt's share of the balance-sheet total falls from 45.7% to 40.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€77,206▲
2024 · €47,722
Cash flow
€64,109▲
2024 · €40,493
Quick ratio
2.26▲
2024 · 2.07
Debt to equity
0.69▼
2024 · 0.84
ROE
24.4%▲
2024 · 13.9%
Interest coverage
56.73▲
2024 · 27.42
Debt ≤ 1 year
€105,953▲
2024 · €90,071
Debt > 1 year
€12,140▼
2024 · €19,362
Income taxes
€12,119▲
2024 · €5,551
Staff costs
€35,723▲
2024 · €32,450
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 26,975 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 | - | - | €181 | - | - | - |
| Remuneration, social security and pensions62 | - | €3,037 | €32,504 | €32,450 | €35,723 | ▲ 10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,993 | €6,882 | €14,165 | €22,385 | €22,025 | ▼ 1.6% |
| Other operating charges640/8 | €773 | €1,284 | €1,214 | €1,389 | €2,176 | ▲ 56.6% |
| Non-recurring operating charges66A | €713 | - | - | - | - | - |
| Gross operating margin9900 | €43,556 | €41,476 | €82,251 | €81,561 | €115,105 | ▲ 41.1% |
| Operating profit (loss)9901 | €38,077 | €30,273 | €34,367 | €25,337 | €55,181 | ▲ 118% |
| Financial income75/76B | €1,680 | €62 | €953 | €62 | €383 | ▲ 516% |
| Recurring financial income75 | €1,680 | €62 | €953 | €62 | €383 | ▲ 516% |
| Financial charges65/66B | €819 | €712 | €1,830 | €1,740 | €1,361 | ▼ 21.8% |
| Recurring financial charges65 | €819 | €712 | €1,830 | €1,740 | €1,361 | ▼ 21.8% |
| Profit (loss) for the period before taxes9903 | €38,938 | €29,622 | €33,490 | €23,659 | €54,203 | ▲ 129% |
| Income taxes67/77 | €7,898 | €6,475 | €6,964 | €5,551 | €12,119 | ▲ 118% |
| Profit (loss) for the period9904 | €31,040 | €23,147 | €26,526 | €18,108 | €42,084 | ▲ 132% |
| Profit (loss) for the period to be appropriated9905 | €31,040 | €23,147 | €26,526 | €18,108 | €42,084 | ▲ 132% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €137,833 | €180,412 | €261,101 | €239,693 | €290,437 | ▲ 21.2% |
| Fixed assets21/28 | €25,258 | €20,675 | €66,331 | €45,553 | €33,068 | ▼ 27.4% |
| Tangible fixed assets22/27 | €25,258 | €20,675 | €66,331 | €45,103 | €32,618 | ▼ 27.7% |
| Plant, machinery and equipment23 | €7,376 | €7,419 | €6,274 | €4,943 | €10,468 | ▲ 112% |
| Furniture and vehicles24 | €17,881 | €13,256 | €60,057 | €40,160 | €22,149 | ▼ 44.8% |
| Financial fixed assets28 | - | - | - | €450 | €450 | = |
| Current assets29/58 | €112,575 | €159,737 | €194,770 | €194,140 | €257,370 | ▲ 32.6% |
| Stocks and contracts in progress3 | €17,585 | €9,583 | €8,437 | €7,328 | €17,465 | ▲ 138% |
| Stocks30/36 | €17,585 | €9,583 | €8,437 | €7,328 | €17,465 | ▲ 138% |
| Amounts receivable within one year40/41 | €67,375 | €63,531 | €57,352 | €40,228 | €32,448 | ▼ 19.3% |
| Trade receivables40 | €50,584 | €54,561 | €47,631 | €23,139 | €19,575 | ▼ 15.4% |
| Other amounts receivable41 | €16,792 | €8,970 | €9,722 | €17,088 | €12,873 | ▼ 24.7% |
| Cash at bank and in hand54/58 | €25,125 | €83,451 | €125,560 | €142,603 | €203,088 | ▲ 42.4% |
| Deferred charges and accrued income490/1 | €2,489 | €3,172 | €3,421 | €3,982 | €4,369 | ▲ 9.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €137,833 | €180,412 | €261,101 | €239,693 | €290,437 | ▲ 21.2% |
| Equity10/15 | €62,479 | €85,626 | €112,152 | €130,260 | €172,344 | ▲ 32.3% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €59,479 | €82,626 | €109,152 | €127,260 | €169,344 | ▲ 33.1% |
| Amounts payable17/49 | €75,354 | €94,786 | €148,949 | €109,433 | €118,093 | ▲ 7.9% |
| Amounts payable after more than one year17 | - | - | €26,257 | €19,362 | €12,140 | ▼ 37.3% |
| Financial debts170/4 | - | - | €26,257 | €19,362 | €12,140 | ▼ 37.3% |
| Amounts payable within one year42/48 | €75,354 | €94,786 | €122,691 | €90,071 | €105,953 | ▲ 17.6% |
| Current portion of amounts payable after more than one year42 | - | - | €6,584 | €6,896 | €7,222 | ▲ 4.7% |
| Trade debts44 | €19,825 | €32,784 | €51,223 | €7,806 | €5,676 | ▼ 27.3% |
| Suppliers440/4 | €19,825 | €32,784 | €51,223 | €7,806 | €5,676 | ▼ 27.3% |
| Taxes, remuneration and social security45 | €1,900 | €2,729 | €3,793 | €7,427 | €5,531 | ▼ 25.5% |
| Taxes450/3 | €1,900 | €2,550 | €1,993 | €2,545 | €4,700 | ▲ 84.7% |
| Remuneration and social security454/9 | - | €179 | €1,800 | €4,882 | €831 | ▼ 83.0% |
| Other amounts payable47/48 | €53,629 | €59,273 | €61,092 | €67,943 | €87,523 | ▲ 28.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,040 | €23,147 | €26,526 | €18,108 | €42,084 | ▲ 132% |
| + Depreciation and write-downs630 | €3,993 | €6,882 | €14,165 | €22,385 | €22,025 | ▼ 1.6% |
| Operating cash flow (approximation) | €35,033 | €30,030 | €40,691 | €40,493 | €64,109 | ▲ 58.3% |
| Investment in fixed assets (approximation) | - | -€2,300 | -€59,820 | -€1,607 | -€9,539 | ▼ 494% |
| Change in cash | - | €58,326 | €42,109 | €17,043 | €60,485 | ▲ 255% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €42,084 ▲132%
Operating result €55,181, net result €42,084, both a record.
31-12
Financial
Equity above €150,000Eq €172,344 ▲32.3%
6 profitable years in a row build equity to €172,344.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €18,108 ▼31.7%
Net result drops to €18,108, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100,000Eq €112,152 ▲31%
4 profitable years in a row build equity to €112,152.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 92 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not 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
1 act for this company is 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, Buggenhout · 1 establishment unit since 2020
Ground area
1,743 m²
Building footprint
181 m²
Volume, LiDAR
919 m³
Parcel 42004E0141/00Z000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GVDB Technics
since 20202.301.014.994
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42004E0141/00Z000 | Flanders | 1,743 m² | 1 · 181 m² | 8.3 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 378 EUR awarded · 378 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 152 EUR | 152 EUR |
| 2023 | 1 | 226 EUR | 226 EUR |
Similar companies · same sector, comparable size
E & B Technics
BE 0768.600.977
Antwerpen · Eq €172,447
BATI CALOR
BE 0790.194.860
Antwerpen · Eq €172,523
Caluwaerts
BE 0807.368.909
Herent · Eq €172,106
XANDER BOGAERTS
BE 0763.663.974
Lille · Eq €172,649
DE GRUYTER
BE 0418.909.049
Beveren-Kruibeke-Zwijndrecht · Eq €172,716
Of 7,043 companies in sector 43221 we hold annual accounts for 3,480. 2,956 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
Founded18-03-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
77229Renting and leasing of other personal and household goods
77392Rental and leasing activities
77399Renting and leasing of other machinery, equipment and tangible goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0745489738
Also
9925:BE0745489738
Registered
31-10-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.