GVH Horses Shoes
ActiveSummary
GVH Horses Shoes has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €25k and a net result of €115. Equity is growing by ~29.8% per year across the filed fiscal years. Its solvency ranks better than 52% of 3941 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability69▼-12
Solvency60▲+2
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.2 in 2023; short-term debt: 59.2% and cash: 47.4% of total assets), and 65.2% 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.
−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 01
Relative position
BE, all sectors
reference
Sector 01
lower
← 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
34.8%
Return on assets
0.2%
Age of the figures
21 mo
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 24-07-2025, 7 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
37 d early
2022
43 d early
2021
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€25k▲ 0.5%
2023 · €25k
2021: €9k
2022: €18k
2023: €25k
2021 → 2024
Total assets
€72k▼ 6.1%
2023 · €77k
2021: €42k
2022: €76k
2023: €77k
2021 → 2024
Net result
€115▼ 98.4%
2023 · €7k
2021: €6k
2022: €9k
2023: €7k
2021 → 2024
Working capital
€9k▲ 18.0%
2023 · €8k
2021: €-3k
2022: €2k
2023: €8k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€9k-€18k▲ 99.3%€25k▲ 41.2%€25k▲ 0.5%
Operating result€7k-€10k▲ 38.9%€10k▼ 3.2%€839▼ 91.6%
Net result€6k-€9k▲ 50.2%€7k▼ 17.3%€115▼ 98.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 92% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €72k
Fixed assets
€20k ▼ 29.8%
Current assets
€52k ▲ 8.0%
Equity and liabilities €72k
Equity
€25k ▲ 0.5%
Debt
€47k ▼ 9.3%
Debt's share of the balance-sheet total falls from 67.5% to 65.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€9k▼
2023 · €15k
Cash flow
€9k▼
2023 · €12k
Current ratio
1.22▲
2023 · 1.20
Quick ratio
1.11▲
2023 · 1.09
Debt to equity
1.87▼
2023 · 2.08
ROE
0.5%▼
2023 · 29.2%
ROA
0.2%▼
2023 · 9.5%
Interest coverage
11.12▼
2023 · 16.34
Debt ≤ 1 year
€43k▲
2023 · €40k
Debt > 1 year
€4k▼
2023 · €12k
Income taxes
€-118▼
2023 · €2k
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 · 2024 against 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€77k€72k▼
Fixed assets21/28€29k€20k▼
Tangible fixed assets22/27€29k€20k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€25k€18k▼
Current assets29/58€48k€52k▲
Stocks and contracts in progress3€4k€4k=
Stocks30/36€4k€4k=
Amounts receivable within one year40/41€16k€13k▼
Trade receivables40€12k€10k▼
Other amounts receivable41€4k€3k▼
Cash at bank and in hand54/58€27k€34k▲
Deferred charges and accrued income490/1€651€679▲
Equity and liabilities
Total equity and liabilities10/49€77k€72k▼
Equity10/15€25k€25k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€22k€22k▲
Amounts payable17/49€52k€47k▼
Amounts payable after more than one year17€12k€4k▼
Financial debts170/4€12k€4k▼
Amounts payable within one year42/48€40k€43k▲
Current portion of amounts payable after more than one year42€7k€7k▲
Trade debts44€6k€5k▼
Suppliers440/4€6k€5k▼
Taxes, remuneration and social security45€6k€5k▼
Taxes450/3€4k€3k▼
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€22k€26k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€9k▲
Other operating charges640/8€896€645▼
Gross operating margin9900€16k€10k▼
Operating profit (loss)9901€10k€839▼
Financial charges65/66B€925€842▼
Recurring financial charges65€925€842▼
Profit (loss) for the period before taxes9903€9k€-3▼
Income taxes67/77€2k€-118▼
Profit (loss) for the period9904€7k€115▼
Profit (loss) for the period to be appropriated9905€7k€115▼
Appropriation of the result
Profit (loss) to be appropriated9906€22k€22k▲
Profit (loss) brought forward from the previous period14P€15k€22k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €115 ▼98.4%
Net result drops to €115, the lowest in the series.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €9k ▲50.2%
Operating result €10k, net result €9k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Meise · 1 establishment unit since 2021
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.
Neromstraat 681861 MeiseGround area
2,238 m²
Building footprint
204 m²
Volume, LiDAR
825 m³
Parcel 23093A0392/00M000, Flanders · tallest building 6.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
GVH Horses Shoes
since 20212.312.769.911
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23093A0392/00M000 | Flanders | 2,238 m² | 1 · 203 m² | 6.7 m · 1 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.
Similar companies · same sector, comparable size
'T APPELHOF
BE 0802.922.151
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PRO AGRO
BE 0766.902.289
Heuvelland · Eq €28,845
DEKSTATION HOLSTENHOEVE
BE 0872.761.755
Geel · Eq €28,862
NAERT-VANDER MEULEN
BE 0426.581.353
Wevelgem · Eq €29,131
STAL DE DRIE WIJZEN
BE 1012.859.944
Nieuwerkerken (Limb.) · Eq €29,207
Of 1,581 companies in sector 01620 we hold annual accounts for 218. 139 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
01620Support activities for animal production
01480Raising of other animals
52210Service activities incidental to land transportation
96993Pet care services, excluding veterinary services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.