GVH WELDING
ActiveSummary
GVH WELDING has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34k and a net result of €20k. Equity is growing by ~19% per year across the filed fiscal years. Its solvency ranks better than 34% of 1904 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability91▲+81
Solvency55▼-45
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.19 against 5.23 in 2024; short-term debt: 70% and cash: 41.4% of total assets), and 70% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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 25
Relative position
BE, all sectors
reference
Sector 25
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
30%
Return on assets
18%
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 29-07-2026, 2 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
2 d early
2024
32 d late
2023
55 d late
2022
4 d late
2021
5 d late
2020
31 d late
2019
40 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€34k▼ 37.2%
2024 · €53k
2018: €13k
2019: €11k
2020: €24k
2021: €40k
2022: €61k
2023: €58k
2024: €53k
2018 → 2025
Total assets
€112k▲ 83.0%
2024 · €61k
2018: €25k
2019: €19k
2020: €35k
2021: €59k
2022: €72k
2023: €63k
2024: €61k
2018 → 2025
Net result
€20k
2024 · €-4k
2018: €7k
2019: €-2k
2020: €13k
2021: €16k
2022: €21k
2023: €-3k
2024: €-4k
2018 → 2025
Working capital
€15k▼ 54.0%
2024 · €33k
2018: €13k
2019: €11k
2020: €24k
2021: €37k
2022: €51k
2023: €34k
2024: €33k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€40k-€61k▲ 51.6%€58k▼ 4.7%€53k▼ 7.7%€34k▼ 37.2%
Operating result€20k-€25k▲ 28.5%€-3k€-4k▼ 49.6%€26k
Net result€16k-€21k▲ 30.2%€-3k€-4k▼ 56.2%€20k
Turnover and EBIT margin not published: the 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 €4k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €112k
Fixed assets
€18k ▼ 10.1%
Current assets
€94k ▲ 130%
Equity and liabilities €112k
Equity
€34k ▼ 37.2%
Debt
€78k ▲ 908%
Debt's share of the balance-sheet total rises from 12.7% to 70.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€30k▲
2024 · €-848
Cash flow
€24k▲
2024 · €-838
Current ratio
1.19▼
2024 · 5.23
Quick ratio
0.99▼
2024 · 3.62
Debt to equity
2.34▲
2024 · 0.15
ROE
59.9%▲
2024 · -8.3%
ROA
18.0%▲
2024 · -7.3%
Interest coverage
163.80▲
2024 · -6.02
Debt ≤ 1 year
€78k▲
2024 · €8k
Income taxes
€6k▲
2024 · €-80
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€61k€112k▲
Fixed assets21/28€21k€18k▼
Tangible fixed assets22/27€21k€18k▼
Land and buildings22€15k€14k▼
Plant, machinery and equipment23€5k€5k▼
Furniture and vehicles24€562€225▼
Current assets29/58€41k€94k▲
Stocks and contracts in progress3€13k€16k▲
Stocks30/36€13k€16k▲
Amounts receivable within one year40/41€17k€31k▲
Trade receivables40€10k€23k▲
Other amounts receivable41€7k€8k▲
Cash at bank and in hand54/58€11k€46k▲
Equity and liabilities
Total equity and liabilities10/49€61k€112k▲
Equity10/15€53k€34k▼
Contributions10/11€6k€6k=
Reserves13€28k€27k▼
Distributable reserves133€28k€27k▼
Profit (loss) carried forward14€19k-
Amounts payable17/49€8k€78k▲
Amounts payable within one year42/48€8k€78k▲
Trade debts44€2k€28k▲
Suppliers440/4€2k€28k▲
Taxes, remuneration and social security45€3k€11k▲
Taxes450/3€3k€11k▲
Other amounts payable47/48€3k€40k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€3k▼
Other operating charges640/8€469€546▲
Gross operating margin9900€-379€30k▲
Operating profit (loss)9901€-4k€26k▲
Financial income75/76B€70-
Recurring financial income75€70-
Financial charges65/66B€141€181▲
Recurring financial charges65€141€181▲
Profit (loss) for the period before taxes9903€-5k€26k▲
Income taxes67/77€-80€6k▲
Profit (loss) for the period9904€-4k€20k▲
Profit (loss) for the period to be appropriated9905€-4k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€19k€39k▲
Profit (loss) brought forward from the previous period14P€24k€19k▼
Transfer from equity791/2-€40k
Transfer to equity691/2-€39k
To other reserves6921-€39k
Profit to be distributed694/7-€40k
Return on contributions (dividend)694-€40k
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
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €20k
Net result €20k after 2 loss-making years.
01-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 32 days late
2024
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 55 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 2018net €21k ▲30.2%
Net result €21k, the highest in the series.
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 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 €13k
Net result €13k after one loss-making year.
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 40 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Zandhoven · 1 establishment unit since 2017
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.
Wipstraat 72243 ZandhovenGround area
447 m²
Building footprint
116 m²
Volume, LiDAR
675 m³
Parcel 11034B0104/00D002, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GVH WELDING
since 20172.270.875.710
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11034B0104/00D002 | Flanders | 447 m² | 1 · 116 m² | 8.4 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.
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Of 3,986 companies in sector 25110 we hold annual accounts for 2,147. 1,269 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
Founded09-11-2017
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.