GVGM
ActiveSummary
GVGM has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €571k and a net result of €10k. Equity is growing by ~18.6% per year across the filed fiscal years. Its solvency ranks better than 50% of 918 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability39▲+22
Solvency62▼-4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
short-term debt: 0.6% and cash: 1.5% of total assets, and 63.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% 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
36.9%
Return on assets
0.7%
Age of the figures
9 mo
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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
21 d early
2024
on the day
2023
2 d late
2022
4 d late
2021
31 d late
2020
31 d late
2019
69 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€571k▲ 1.8%
2024 · €561k
2019: €234klowest in 7 years
2020: €244k▲ +3.9% vs 2019
2021: €274k▲ +12.4% vs 2020
2022: €592k▲ +116% vs 2021highest in 7 years
2023: €586k▼ -1.0% vs 2022
2024: €561k▼ -4.2% vs 2023
2025: €571k▲ +1.8% vs 2024
2019 → 2025
Total assets
€1.55M▲ 12.9%
2024 · €1.37M
2019: €2.97Mhighest in 7 years
2020: €2.96M▼ -0.5% vs 2019
2021: €2.48M▼ -16.3% vs 2020
2022: €1.44M▼ -42.1% vs 2021
2023: €1.26M▼ -11.9% vs 2022lowest in 7 years
2024: €1.37M▲ +8.5% vs 2023
2025: €1.55M▲ +12.9% vs 2024
2019 → 2025
Net result
€10k
2024 · €-25k
2019: €-16k
2020: €9k▲ +159% vs 2019
2021: €30k▲ +230% vs 2020
2022: €318k▲ +954% vs 2021highest in 7 years
2023: €-6k▼ -102% vs 2022
2024: €-25k▼ -301% vs 2023lowest in 7 years
2025: €10k▲ +142% vs 2024
2019 → 2025
Working capital
€1.53M▲ 13.0%
2024 · €1.35M
2020: €2.96Mhighest in 6 years
2021: €2.37M▼ -19.9% vs 2020
2022: €1.41M▼ -40.4% vs 2021
2023: €1.24M▼ -12.2% vs 2022lowest in 6 years
2024: €1.35M▲ +9.3% vs 2023
2025: €1.53M▲ +13.0% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€274k-€592k▲ 116%€586k▼ 1.0%€561k▼ 4.2%€571k▲ 1.8%
2021: €274klowest in 5 years
2022: €592k▲ +116% vs 2021highest in 5 years
2023: €586k▼ -1.0% vs 2022
2024: €561k▼ -4.2% vs 2023
2025: €571k▲ +1.8% vs 2024
Operating result€72k-€451k▲ 530%€32k▼ 92.9%€-5k€26k
2021: €72k
2022: €451k▲ +530% vs 2021highest in 5 years
2023: €32k▼ -92.9% vs 2022
2024: €-5k▼ -115% vs 2023lowest in 5 years
2025: €26k▲ +646% vs 2024
Net result€30k-€318k▲ 954%€-6k€-25k▼ 301%€10k
2021: €30k
2022: €318k▲ +954% vs 2021highest in 5 years
2023: €-6k▼ -102% vs 2022
2024: €-25k▼ -301% vs 2023lowest in 5 years
2025: €10k▲ +142% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €26k after a loss of €5k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.55M
Fixed assets
€12k =
Current assets
€1.54M ▲ 13.0%
Equity and liabilities €1.55M
Equity
€571k ▲ 1.8%
Debt
€979k ▲ 20.6%
Debt's share of the balance-sheet total rises from 59.1% to 63.1%. Equity and debt are higher.
Key figures and ratios
Quick ratio
63.75▲
2024 · 55.04
Debt to equity
1.71▲
2024 · 1.45
ROE
1.8%▲
2024 · -4.4%
ROA
0.7%▲
2024 · -1.8%
Debt ≤ 1 year
€9k▲
2024 · €7k
Debt > 1 year
€922k▲
2024 · €769k
A ratio outside any meaningful range has been withheld (balance sheet total €1.55M, equity €571k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.37M€1.55M▲
Fixed assets21/28€12k€12k=
Tangible fixed assets22/27€12k€12k=
Plant, machinery and equipment23€12k€12k=
Current assets29/58€1.36M€1.54M▲
Amounts receivable after more than one year29€250k€400k▲
Other amounts receivable291€250k€400k▲
Stocks and contracts in progress3€964k€964k=
Stocks30/36€964k€964k=
Amounts receivable within one year40/41€121k€131k▲
Trade receivables40€21k-
Other amounts receivable41€100k€131k▲
Cash at bank and in hand54/58€3k€24k▲
Deferred charges and accrued income490/1€22k€19k▼
Equity and liabilities
Total equity and liabilities10/49€1.37M€1.55M▲
Equity10/15€561k€571k▲
Contributions10/11€250k€250k=
Outside capital11€250k€250k=
Other1109/19€250k€250k=
Reserves13€155k€321k▲
Tax-exempt reserves132€155k€155k=
Distributable reserves133-€166k
Profit (loss) carried forward14€156k-
Amounts payable17/49€811k€979k▲
Amounts payable after more than one year17€769k€922k▲
Financial debts170/4€520k€510k▼
Other amounts payable178/9€249k€412k▲
Amounts payable within one year42/48€7k€9k▲
Other amounts payable47/48€7k€9k▲
Accrued charges and deferred income492/3€35k€48k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k-
Other operating charges640/8€15k€3k▼
Gross operating margin9900€20k€29k▲
Operating profit (loss)9901€-5k€26k▲
Financial income75/76B€19k€18k▼
Recurring financial income75€19k€18k▼
Financial charges65/66B€39k€34k▼
Recurring financial charges65€39k€34k▼
Profit (loss) for the period before taxes9903€-25k€10k▲
Profit (loss) for the period9904€-25k€10k▲
Profit (loss) for the period to be appropriated9905€-25k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€156k€166k▲
Profit (loss) brought forward from the previous period14P€181k€156k▼
Transfer to equity691/2-€166k
To other reserves6921-€166k
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €6k | - | €9k | - | - |
| Other operating charges640/8 | €7k | €11k | €666 | €15k | €3k | ▼ 80.9% |
| Gross operating margin9900 | €79k | €468k | €32k | €20k | €29k | ▲ 47.1% |
| Operating profit (loss)9901 | €72k | €451k | €32k | €-5k | €26k | ▲ 646% |
| Financial income75/76B | - | €4k | €11k | €19k | €18k | ▼ 5.7% |
| Recurring financial income75 | - | €4k | €11k | €19k | €18k | ▼ 5.7% |
| Financial charges65/66B | €35k | €34k | €49k | €39k | €34k | ▼ 12.6% |
| Recurring financial charges65 | €35k | €34k | €49k | €39k | €34k | ▼ 12.6% |
| Profit (loss) for the period before taxes9903 | €36k | €421k | €-6k | €-25k | €10k | ▲ 142% |
| Income taxes67/77 | €6k | €103k | - | - | - | - |
| Profit (loss) for the period9904 | €30k | €318k | €-6k | €-25k | €10k | ▲ 142% |
| Transfer to tax-exempt reserves689 | - | €155k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €30k | €163k | €-6k | €-25k | €10k | ▲ 142% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.48M | €1.44M | €1.26M | €1.37M | €1.55M | ▲ 12.9% |
| Fixed assets21/28 | - | €22k | €22k | €12k | €12k | = |
| Tangible fixed assets22/27 | - | €22k | €22k | €12k | €12k | = |
| Plant, machinery and equipment23 | - | €22k | €22k | €12k | €12k | = |
| Current assets29/58 | €2.48M | €1.41M | €1.24M | €1.36M | €1.54M | ▲ 13.0% |
| Amounts receivable after more than one year29 | - | - | €150k | €250k | €400k | ▲ 60.0% |
| Other amounts receivable291 | - | - | €150k | €250k | €400k | ▲ 60.0% |
| Stocks and contracts in progress3 | €2.41M | €875k | €956k | €964k | €964k | = |
| Stocks30/36 | €2.41M | €875k | €956k | €964k | €964k | = |
| Amounts receivable within one year40/41 | €3k | €107k | €116k | €121k | €131k | ▲ 7.9% |
| Trade receivables40 | - | €5k | €14k | €21k | - | - |
| Other amounts receivable41 | €3k | €102k | €102k | €100k | €131k | ▲ 30.9% |
| Cash at bank and in hand54/58 | €66k | €427k | €8k | €3k | €24k | ▲ 770% |
| Deferred charges and accrued income490/1 | - | €4k | €12k | €22k | €19k | ▼ 13.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.48M | €1.44M | €1.26M | €1.37M | €1.55M | ▲ 12.9% |
| Equity10/15 | €274k | €592k | €586k | €561k | €571k | ▲ 1.8% |
| Contributions10/11 | €250k | €250k | €250k | €250k | €250k | = |
| Capital10 | €250k | - | - | - | - | - |
| Issued capital100 | €250k | - | - | - | - | - |
| Outside capital11 | - | €250k | €250k | €250k | €250k | = |
| Other1109/19 | - | €250k | €250k | €250k | €250k | = |
| Reserves13 | €5k | €155k | €155k | €155k | €321k | ▲ 107% |
| Non-distributable reserves130/1 | €5k | - | - | - | - | - |
| Legal reserve130 | €5k | - | - | - | - | - |
| Tax-exempt reserves132 | - | €155k | €155k | €155k | €155k | = |
| Distributable reserves133 | - | - | - | - | €166k | - |
| Profit (loss) carried forward14 | €19k | €187k | €181k | €156k | - | - |
| Amounts payable17/49 | €2.20M | €843k | €679k | €811k | €979k | ▲ 20.6% |
| Amounts payable after more than one year17 | €2.08M | €781k | €649k | €769k | €922k | ▲ 19.8% |
| Financial debts170/4 | €1.71M | €675k | €515k | €520k | €510k | ▼ 1.9% |
| Other amounts payable178/9 | €371k | €106k | €134k | €249k | €412k | ▲ 65.3% |
| Amounts payable within one year42/48 | €110k | €4k | €5k | €7k | €9k | ▲ 25.0% |
| Advances received on contracts in progress46 | €100k | - | - | - | - | - |
| Taxes, remuneration and social security45 | €8k | - | - | - | - | - |
| Taxes450/3 | €8k | - | - | - | - | - |
| Other amounts payable47/48 | €2k | €4k | €5k | €7k | €9k | ▲ 25.0% |
| Accrued charges and deferred income492/3 | €10k | €59k | €25k | €35k | €48k | ▲ 36.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30k | €318k | €-6k | €-25k | €10k | ▲ 142% |
| + Depreciation and write-downs630 | - | €6k | - | €9k | - | - |
| Operating cash flow (approximation) | €30k | €324k | €-6k | €-15k | €10k | ▲ 167% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | €0 | - |
| Change in cash | - | €360k | €-419k | €-6k | €21k | ▲ 478% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
2023
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
2022
31-12
Financial
Highest result since 2019net €318k ▲954%
Operating result €451k, net result €318k, both a record.
31-12
Financial
Liquidity times 17current ratio 392.58
Current ratio from 22.49 to 392.58; short-term debt falls from €110k to €4k.
31-12
Financial
Equity above €500kEq €592k ▲116%
3 profitable years in a row build equity to €592k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 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.
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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, Mechelen
Ground area
579 m²
Building footprint
190 m²
Volume, LiDAR
947 m³
Parcel 12402B0443/00S002, Flanders · tallest building 10.1 m, ±1 floor. Linked by address, not a title deed.
14
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402B0443/00S002 | Flanders | 579 m² | 1 · 190 m² | 10.1 m · 1 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 361 companies in sector 77120 we hold annual accounts for 233. 161 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 (pre-2019)
Founded20-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
77120Rental and leasing activities
Scores and ratios are computed by Checked and are not a credit decision.