GVG SOLUTIONS
ActiveSummary
GVG SOLUTIONS has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €52,319 and a net result of €47,727. Equity is growing by ~2.5% per year across the filed fiscal years. Its solvency ranks better than 24% of 20786 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+7
Solvency57▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity tight (current ratio 1.0 against 1.06 in 2023; short-term debt: 55.2% and cash: 45.4% of total assets), and 68.2% of the assets are financed with debt.
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Signals
Five 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
31.8%
Return on assets
29%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 20786 sector peers (2024).
NBB · sector comparisonPosition among 20786 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-06-2025, 40 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
40 d early
2023
32 d early
2022
28 d early
2021
28 d early
2020
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 31 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€52,319▼ 4.2%
2023 · €54,592
Total assets
€164,761▼ 33.6%
2023 · €247,964
Net result
€47,727▼ 2.2%
2023 · €48,815
Working capital
€229▼ 97.4%
2023 · €8,947
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, 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€42,302-€41,744▼ 1.3%€46,713▲ 11.9%€66,663▲ 42.7%€60,777▼ 8.8%
Net result€33,138within the sector's middle half-€33,166within the sector's middle half▲ 0.1%€36,472within the sector's middle half▲ 10.0%€48,815within the sector's middle half▲ 33.8%€47,727within the sector's middle half▼ 2.2%
Equity€36,138within the sector's middle half-€69,305within the sector's middle half▲ 91.8%€105,776within the sector's middle half▲ 52.6%€54,592within the sector's middle half▼ 48.4%€52,319within the sector's middle half▼ 4.2%
Total assets€96,964within the sector's middle half-€130,300within the sector's middle half▲ 34.4%€160,807within the sector's middle half▲ 23.4%€247,964within the sector's middle half▲ 54.2%€164,761within the sector's middle half▼ 33.6%
Debt€60,825-€60,996▲ 0.3%€55,031▼ 9.8%€193,372▲ 251%€112,442▼ 41.9%
Working capital€28,255within the sector's middle half-€50,036within the sector's middle half▲ 77.1%€84,056within the sector's middle half▲ 68.0%€8,947below the sector's middle half▼ 89.4%€229below the sector's middle half▼ 97.4%
Solvency37.3%within the sector's middle half-53.2%within the sector's middle half▲ 15.9pp65.8%within the sector's middle half▲ 12.6pp22.0%below the sector's middle half▼ 43.8pp31.8%below the sector's middle half▲ 9.7pp
Current ratio1.83within the sector's middle half-2.19within the sector's middle half▲ 0.362.91within the sector's middle half▲ 0.721.06below the sector's middle half▼ 1.851.00below the sector's middle half▼ 0.06
Return on assets (ROA)34.2%above the sector's middle half-25.5%within the sector's middle half▼ 8.7pp22.7%within the sector's middle half▼ 2.8pp19.7%within the sector's middle half▼ 3.0pp29.0%within the sector's middle half▲ 9.3pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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 falls in 2024; 2024 is 9% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €164,761
Fixed assets
€73,530 ▼ 18.3%
Current assets
€91,230 ▼ 42.2%
Equity and liabilities €164,761
Equity
€52,319 ▼ 4.2%
Debt
€112,442 ▼ 41.9%
Debt's share of the balance-sheet total falls from 78.0% to 68.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€79,418▲
2023 · €72,272
Cash flow
€66,368▲
2023 · €54,424
Debt to equity
2.15▼
2023 · 3.54
ROE
91.2%▲
2023 · 89.4%
Interest coverage
43.28▼
2023 · 109.46
Debt ≤ 1 year
€91,001▼
2023 · €149,011
Debt > 1 year
€21,440▼
2023 · €44,157
Income taxes
€13,469▲
2023 · €13,407
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% 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
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 26,970 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,328 | €8,465 | €9,813 | €5,608 | €18,641 | ▲ 232% |
| Other operating charges640/8 | - | €101 | €102 | €485 | €439 | ▼ 9.3% |
| Gross operating margin9900 | €47,847 | €50,311 | €56,628 | €72,756 | €79,857 | ▲ 9.8% |
| Operating profit (loss)9901 | €42,302 | €41,744 | €46,713 | €66,663 | €60,777 | ▼ 8.8% |
| Financial income75/76B | - | €1 | €0 | €0 | €2,253 | - |
| Recurring financial income75 | €1 | €1 | €0 | €0 | €2,253 | - |
| Financial charges65/66B | - | €328 | €263 | €4,441 | €1,835 | ▼ 58.7% |
| Recurring financial charges65 | €399 | €328 | €263 | €660 | €1,835 | ▲ 178% |
| Non-recurring financial charges66B | - | - | - | €3,780 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €41,905 | €41,417 | €46,450 | €62,222 | €61,196 | ▼ 1.6% |
| Income taxes67/77 | €8,766 | €8,251 | €9,978 | €13,407 | €13,469 | ▲ 0.5% |
| Profit (loss) for the period9904 | €33,138 | €33,166 | €36,472 | €48,815 | €47,727 | ▼ 2.2% |
| Profit (loss) for the period to be appropriated9905 | €33,138 | €33,166 | €36,472 | €48,815 | €47,727 | ▼ 2.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €96,964 | €130,300 | €160,807 | €247,964 | €164,761 | ▼ 33.6% |
| Fixed assets21/28 | €34,853 | €38,224 | €32,848 | €90,005 | €73,530 | ▼ 18.3% |
| Tangible fixed assets22/27 | €34,853 | €38,224 | €32,848 | €90,005 | €73,530 | ▼ 18.3% |
| Plant, machinery and equipment23 | - | - | - | €7,912 | €6,092 | ▼ 23.0% |
| Furniture and vehicles24 | - | €34,279 | €29,314 | €78,971 | €62,654 | ▼ 20.7% |
| Other tangible fixed assets26 | - | €3,945 | €3,534 | €3,123 | €4,784 | ▲ 53.2% |
| Current assets29/58 | €62,111 | €92,076 | €127,959 | €157,958 | €91,230 | ▼ 42.2% |
| Amounts receivable within one year40/41 | €13,056 | €12,346 | €12,856 | €19,156 | €13,613 | ▼ 28.9% |
| Trade receivables40 | - | €12,346 | €12,856 | €18,150 | €13,613 | ▼ 25.0% |
| Other amounts receivable41 | - | - | - | €1,006 | €0 | ▼ 100% |
| Current investments50/53 | - | - | €80,000 | €80,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €48,339 | €78,720 | €33,116 | €56,321 | €74,848 | ▲ 32.9% |
| Deferred charges and accrued income490/1 | - | €1,011 | €1,987 | €2,481 | €2,770 | ▲ 11.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €96,964 | €130,300 | €160,807 | €247,964 | €164,761 | ▼ 33.6% |
| Equity10/15 | €36,138 | €69,305 | €105,776 | €54,592 | €52,319 | ▼ 4.2% |
| Contributions10/11 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €33,138 | €66,305 | €102,776 | €51,592 | €49,319 | ▼ 4.4% |
| Distributable reserves133 | - | €66,305 | €102,776 | €51,592 | €49,319 | ▼ 4.4% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €60,825 | €60,996 | €55,031 | €193,372 | €112,442 | ▼ 41.9% |
| Amounts payable after more than one year17 | €26,969 | €18,955 | €10,876 | €44,157 | €21,440 | ▼ 51.4% |
| Financial debts170/4 | - | €18,955 | €10,876 | €44,157 | €21,440 | ▼ 51.4% |
| Amounts payable within one year42/48 | €33,856 | €42,040 | €43,903 | €149,011 | €91,001 | ▼ 38.9% |
| Current portion of amounts payable after more than one year42 | - | €8,014 | €8,080 | €22,036 | €22,717 | ▲ 3.1% |
| Financial debts43 | - | €547 | €39 | €351 | €197 | ▼ 44.0% |
| Credit institutions430/8 | - | €547 | €39 | €351 | €197 | ▼ 44.0% |
| Trade debts44 | €355 | €150 | €200 | €154 | €116 | ▼ 24.9% |
| Suppliers440/4 | - | €150 | €200 | €154 | €116 | ▼ 24.9% |
| Taxes, remuneration and social security45 | - | €32,158 | €34,867 | €39,963 | €23,647 | ▼ 40.8% |
| Taxes450/3 | - | €23,313 | €25,407 | €29,468 | €21,249 | ▼ 27.9% |
| Remuneration and social security454/9 | - | €8,845 | €9,460 | €10,494 | €2,399 | ▼ 77.1% |
| Other amounts payable47/48 | - | €1,171 | €718 | €86,508 | €44,325 | ▼ 48.8% |
| Accrued charges and deferred income492/3 | - | - | €252 | €204 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,138 | €33,166 | €36,472 | €48,815 | €47,727 | ▼ 2.2% |
| + Depreciation and write-downs630 | €5,328 | €8,465 | €9,813 | €5,608 | €18,641 | ▲ 232% |
| Operating cash flow (approximation) | €38,466 | €41,632 | €46,285 | €54,424 | €66,368 | ▲ 21.9% |
| Investment in fixed assets (approximation) | - | -€11,837 | -€4,437 | -€62,766 | -€2,165 | ▲ 96.6% |
| Change in cash | - | €30,380 | -€45,604 | €23,206 | €18,527 | ▼ 20.2% |
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
2025
21-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2020net €48,815 ▲33.8%
Operating result €66,663, net result €48,815, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100,000Eq €105,776 ▲52.6%
3 profitable years in a row build equity to €105,776.
03-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
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, Putte · 1 establishment unit since 2020
Ground area
854 m²
Building footprint
190 m²
Volume, LiDAR
1,241 m³
Parcel 12001B0599/00R000, Flanders · tallest building 18.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GVG SOLUTIONS
since 20202.299.475.862
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12001B0599/00R000 | Flanders | 854 m² | 1 · 190 m² | 18.0 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.
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,400. 15,318 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
Founded21-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0743963571
Also
9925:BE0743963571
Registered
28-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.