GVH PROJECTS
ActiveGVH PROJECTS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €118k and a net result of €74k. Equity is growing by ~41.1% per year across the filed fiscal years. Its solvency ranks better than 92% of 18016 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 7.18 against 4.2 in 2024), and 12.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
87.1%
Return on assets
54.2%
Age of the figures
17 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
70 d early
2022
10 d late
2021
4 d late
2020
26 d late
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close14-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€118k▲ 4.9%
2024 · €113k
2019: €-9k
2020: €15k
2021: €52k
2022: €88k
2023: €45k
2024: €113k
2019 → 2025
Total assets
€136k▼ 10.2%
2024 · €152k
2019: €22k
2020: €36k
2021: €119k
2022: €131k
2023: €143k
2024: €152k
2019 → 2025
Net result
€74k▲ 2.2%
2024 · €72k
2019: €-20k
2020: €25k
2021: €37k
2022: €37k
2023: €61k
2024: €72k
2019 → 2025
Working capital
€108k▲ 9.0%
2024 · €99k
2019: €-10k
2020: €15k
2021: €39k
2022: €75k
2023: €31k
2024: €99k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€52k-€88k▲ 70.5%€45k▼ 48.7%€113k▲ 149%€118k▲ 4.9%
Operating result€53k-€50k▼ 6.3%€73k▲ 46.9%€89k▲ 20.5%€92k▲ 4.0%
Net result€37k-€37k▼ 0.2%€61k▲ 66.7%€72k▲ 18.4%€74k▲ 2.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 4% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €136k
Fixed assets
€10k▼ 52.1%
Current assets
€126k▼ 3.5%
Equity and liabilities €136k
Equity
€118k▲ 4.9%
Debt
€18k▼ 54.5%
The debt ratio falls from 25.4% to 12.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€103k▲
2024 · €99k
Cash flow
€85k▲
2024 · €83k
Solvency
87.1%▲
2024 · 74.6%
Current ratio
7.18▲
2024 · 4.20
Quick ratio
7.18▲
2024 · 4.20
Debt / equity
0.15▼
2024 · 0.34
ROE
62.2%▼
2024 · 63.9%
ROA
54.2%▲
2024 · 47.6%
Interest coverage
312.53▲
2024 · 275.81
Debt
€18k▼
2024 · €39k
Debt ≤ 1 year
€18k▼
2024 · €31k
Income taxes
€19k▲
2024 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€152k€136k▼
Fixed assets21/28€21k€10k▼
Tangible fixed assets22/27€21k€10k▼
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€17k€8k▼
Current assets29/58€130k€126k▼
Amounts receivable after more than one year29€29k€29k=
Other amounts receivable291€29k€29k=
Amounts receivable within one year40/41€53k€55k▲
Trade receivables40€44k€49k▲
Other amounts receivable41€9k€5k▼
Cash at bank and in hand54/58€46k€40k▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€152k€136k▼
Equity10/15€113k€118k▲
Contributions10/11€3k€3k=
Reserves13€42k€42k▼
Distributable reserves133€42k€42k▼
Profit (loss) carried forward14€68k€74k▲
Amounts payable17/49€39k€18k▼
Amounts payable after more than one year17€7k-
Financial debts170/4€7k-
Amounts payable within one year42/48€31k€18k▼
Current portion of amounts payable after more than one year42€9k€7k▼
Trade debts44€1k€935▼
Suppliers440/4€1k€935▼
Taxes, remuneration and social security45€17k€9k▼
Taxes450/3€17k€9k▼
Other amounts payable47/48€5k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k▲
Other operating charges640/8€580€592▲
Gross operating margin9900€100k€104k▲
Operating profit (loss)9901€89k€92k▲
Financial income75/76B€2k€893▼
Recurring financial income75€2k€893▼
Financial charges65/66B€361€330▼
Recurring financial charges65€361€330▼
Profit (loss) for the period before taxes9903€90k€93k▲
Income taxes67/77€18k€19k▲
Profit (loss) for the period9904€72k€74k▲
Profit (loss) for the period to be appropriated9905€72k€74k▲
Appropriation of the result
Profit (loss) to be appropriated9906€73k€142k▲
Profit (loss) brought forward from the previous period14P€543€68k▲
Transfer from equity791/2-€30
Profit to be distributed694/7€5k€68k▲
Return on contributions (dividend)694-€68k
Directors or managers695€5k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2019net €74k ▲2.2%
Operating result €92k, net result €74k, both a record.
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Liquidity triplescurrent ratio 4.20
Current ratio from 1.38 to 4.20; short-term debt falls from €81k to €31k.
31-03
Financial
Equity above €100kEq €113k ▲149%
5 profitable years in a row build equity to €113k.
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
10-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
31-03
Financial
Liquidity doublescurrent ratio 5.33
Current ratio from 2.17 to 5.33; short-term debt falls from €33k to €17k.
2021
04-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
31-03
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
31-03
Financial
Liquidity triplescurrent ratio 1.74
Current ratio from 0.67 to 1.74; short-term debt falls from €31k to €20k.
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
13-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Nazareth-De Pinte · 1 establishment unit since 2016
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.
Sparrenstraat 209840 Nazareth-De PinteGround area
879 m²
Building footprint
114 m²
Volume, LiDAR
738 m³
Parcel 44012B0536/00K004, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GVH PROJECTS
since 20162.260.098.812
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44012B0536/00K004 | Flanders | 879 m² | 1 · 114 m² | 9.0 m · 2 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
EURO SWAT
BE 0534.619.161
Menen · Eq €118k
AL-MUNWAR
BE 0810.492.012
Hensies · Eq €120k
VIKISA
BE 0696.781.781
Mouscron · Eq €117k
READY AND FAST CONSULTANCY
BE 0802.980.846
Wuustwezel · Eq €116k
MR-JOY BELGIUM
BE 1005.118.354
Baarle-Hertog · Eq €114k
Of 413 companies in sector 47260 we hold annual accounts for 260. 211 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-12-2016
Fiscal year end31-03
Activities, NACEBEL
47260Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.