GVN
ActiveSummary
GVN has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €108,840 and a net result of €19,608. Equity is growing by ~16.5% per year across the filed fiscal years. Its solvency ranks better than 60% of 2026 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▼-1
Solvency85▼-15
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 3.0 against 5.69 in 2024; short-term debt: 31.1% and cash: 33.8% of total assets), and 39.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
60.4%
Return on assets
10.9%
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 26-05-2026, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
66 d early
2024
73 d early
2023
16 d early
2022
29 d late
2021
46 d early
2020
61 d early
2019
32 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 29 days before the deadline; the sector median for financial year 2024 is 4 days before the deadline, and 38% of the sector filed late.
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. Usually files around 15 June (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#6 oldest company in Mortsel, Arts, sports and recreation sector
Equity
€108,840▼ 42.4%
2024 · €189,024
Total assets
€180,263▼ 26.6%
2024 · €245,472
Net result
€19,608▼ 24.2%
2024 · €25,864
Working capital
€112,148▼ 37.5%
2024 · €179,476
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 90, Arts creation and performing arts 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
Line20212022202320242025
Operating result€92,772▲ 137%€12,831▼ 86.2%€37,713▲ 194%€34,223▼ 9.3%€33,225▼ 2.9%
Net result€60,835above the sector's middle half▲ 99.1%€8,404within the sector's middle half▼ 86.2%€27,051above the sector's middle half▲ 222%€25,864above the sector's middle half▼ 4.4%€19,608within the sector's middle half▼ 24.2%
Equity€165,375above the sector's middle half▲ 58.2%€148,779above the sector's middle half▼ 10.0%€175,830above the sector's middle half▲ 18.2%€189,024above the sector's middle half▲ 7.5%€108,840within the sector's middle half▼ 42.4%
Total assets€208,943within the sector's middle half▲ 61.3%€220,386within the sector's middle half▲ 5.5%€239,795within the sector's middle half▲ 8.8%€245,472within the sector's middle half▲ 2.4%€180,263within the sector's middle half▼ 26.6%
Debt€43,568▲ 74.5%€71,607▲ 64.4%€63,965▼ 10.7%€56,448▼ 11.8%€71,423▲ 26.5%
Working capital€121,784above the sector's middle half▲ 19.3%€120,151above the sector's middle half▼ 1.3%€152,870above the sector's middle half▲ 27.2%€179,476above the sector's middle half▲ 17.4%€112,148above the sector's middle half▼ 37.5%
Solvency79.1%above the sector's middle half▼ 1.6pp67.5%within the sector's middle half▼ 11.6pp73.3%within the sector's middle half▲ 5.8pp77.0%above the sector's middle half▲ 3.7pp60.4%within the sector's middle half▼ 16.6pp
Current ratio5.03above the sector's middle half▼ 0.053.34within the sector's middle half▼ 1.694.40above the sector's middle half▲ 1.065.69above the sector's middle half▲ 1.283.00within the sector's middle half▼ 2.68
Return on assets (ROA)29.1%above the sector's middle half▲ 5.5pp3.8%within the sector's middle half▼ 25.3pp11.3%within the sector's middle half▲ 7.5pp10.5%within the sector's middle half▼ 0.7pp10.9%within the sector's middle half▲ 0.3pp
above
within
below
the middle half (P25 to P75) of NACE 90, Arts creation and performing arts 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 has fallen two years in a row; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €180,263
Fixed assets
€12,080 ▼ 56.4%
Current assets
€168,183 ▼ 22.8%
Equity and liabilities €180,263
Equity
€108,840 ▼ 42.4%
Debt
€71,423 ▲ 26.5%
Debt's share of the balance-sheet total rises from 23.0% to 39.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€49,366▼
2024 · €50,625
Cash flow
€35,749▼
2024 · €42,266
Debt to equity
0.66▲
2024 · 0.30
ROE
18.0%▲
2024 · 13.7%
Interest coverage
5.83▼
2024 · 123.10
Debt ≤ 1 year
€56,035▲
2024 · €38,298
Income taxes
€11,066▲
2024 · €10,475
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 31,349 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €5,396 | - | - | €250 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,781 | €14,589 | €16,647 | €16,402 | €16,141 | ▼ 1.6% |
| Other operating charges640/8 | €725 | €592 | €926 | €923 | €755 | ▼ 18.2% |
| Gross operating margin9900 | €104,279 | €28,011 | €55,286 | €51,547 | €50,120 | ▼ 2.8% |
| Operating profit (loss)9901 | €92,772 | €12,831 | €37,713 | €34,223 | €33,225 | ▼ 2.9% |
| Financial income75/76B | - | €140 | €1,784 | €2,527 | €9,257 | ▲ 266% |
| Recurring financial income75 | - | €140 | €1,784 | €2,527 | €9,257 | ▲ 266% |
| Financial charges65/66B | €639 | €862 | €733 | €411 | €11,807 | ▲ 2,771% |
| Recurring financial charges65 | €639 | €842 | €733 | €411 | €8,466 | ▲ 1,959% |
| Non-recurring financial charges66B | - | €20 | - | - | €3,341 | - |
| Profit (loss) for the period before taxes9903 | €92,134 | €12,109 | €38,764 | €36,339 | €30,674 | ▼ 15.6% |
| Income taxes67/77 | €31,298 | €3,705 | €11,713 | €10,475 | €11,066 | ▲ 5.6% |
| Profit (loss) for the period9904 | €60,835 | €8,404 | €27,051 | €25,864 | €19,608 | ▼ 24.2% |
| Profit (loss) for the period to be appropriated9905 | €60,835 | €8,404 | €27,051 | €25,864 | €19,608 | ▼ 24.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €208,943 | €220,386 | €239,795 | €245,472 | €180,263 | ▼ 26.6% |
| Fixed assets21/28 | €56,976 | €48,994 | €42,007 | €27,699 | €12,080 | ▼ 56.4% |
| Tangible fixed assets22/27 | €56,976 | €48,994 | €42,007 | €27,699 | €12,080 | ▼ 56.4% |
| Plant, machinery and equipment23 | €3,932 | €2,445 | €3,094 | €4,004 | €3,976 | ▼ 0.7% |
| Furniture and vehicles24 | €53,044 | €46,549 | €38,913 | €23,694 | €8,104 | ▼ 65.8% |
| Current assets29/58 | €151,968 | €171,393 | €197,788 | €217,773 | €168,183 | ▼ 22.8% |
| Amounts receivable after more than one year29 | - | - | €82,228 | €80,822 | - | - |
| Other amounts receivable291 | - | - | €82,228 | €80,822 | - | - |
| Amounts receivable within one year40/41 | €28,522 | €26,636 | €31,044 | €36,511 | €30,199 | ▼ 17.3% |
| Trade receivables40 | €28,497 | €25,870 | €31,044 | €36,511 | €28,859 | ▼ 21.0% |
| Other amounts receivable41 | €25 | €766 | - | - | €1,340 | - |
| Current investments50/53 | - | - | - | - | €75,859 | - |
| Cash at bank and in hand54/58 | €122,996 | €128,593 | €75,588 | €100,029 | €60,952 | ▼ 39.1% |
| Deferred charges and accrued income490/1 | €451 | €16,163 | €8,928 | €411 | €1,172 | ▲ 185% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €208,943 | €220,386 | €239,795 | €245,472 | €180,263 | ▼ 26.6% |
| Equity10/15 | €165,375 | €148,779 | €175,830 | €189,024 | €108,840 | ▼ 42.4% |
| Contributions10/11 | €6,304 | €6,304 | €6,304 | €6,304 | €6,304 | = |
| Reserves13 | €159,071 | €142,475 | €169,526 | €182,720 | €102,536 | ▼ 43.9% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | €157,211 | €140,615 | €167,666 | €182,720 | €102,536 | ▼ 43.9% |
| Amounts payable17/49 | €43,568 | €71,607 | €63,965 | €56,448 | €71,423 | ▲ 26.5% |
| Amounts payable after more than one year17 | €13,385 | €3,967 | - | - | - | - |
| Financial debts170/4 | €13,385 | €3,967 | - | - | - | - |
| Amounts payable within one year42/48 | €30,183 | €51,241 | €44,918 | €38,298 | €56,035 | ▲ 46.3% |
| Current portion of amounts payable after more than one year42 | €9,273 | €9,417 | €3,967 | - | - | - |
| Trade debts44 | €1,613 | €5,102 | €3,396 | €3,946 | €1,356 | ▼ 65.6% |
| Suppliers440/4 | €1,613 | €5,102 | €3,396 | €3,946 | €1,356 | ▼ 65.6% |
| Taxes, remuneration and social security45 | €15,740 | €15,667 | €29,997 | €21,681 | €9,455 | ▼ 56.4% |
| Taxes450/3 | €15,740 | €15,667 | €29,997 | €21,681 | €9,455 | ▼ 56.4% |
| Other amounts payable47/48 | €3,559 | €21,055 | €7,558 | €12,670 | €45,225 | ▲ 257% |
| Accrued charges and deferred income492/3 | - | €16,398 | €19,047 | €18,150 | €15,387 | ▼ 15.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €60,835 | €8,404 | €27,051 | €25,864 | €19,608 | ▼ 24.2% |
| + Depreciation and write-downs630 | €10,781 | €14,589 | €16,647 | €16,402 | €16,141 | ▼ 1.6% |
| Operating cash flow (approximation) | €71,616 | €22,993 | €43,698 | €42,266 | €35,749 | ▼ 15.4% |
| Investment in fixed assets (approximation) | - | -€6,607 | -€9,660 | -€2,093 | -€522 | ▲ 75.0% |
| Change in cash | - | €5,597 | -€53,005 | €24,441 | -€39,077 | ▼ 260% |
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
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150,000Eq €175,830 ▲18.2%
5 profitable years in a row build equity to €175,830.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €60,835 ▲99.1%
Operating result €92,772, net result €60,835, both a record.
31-12
Financial
Equity above €150,000Eq €165,375 ▲58.2%
3 profitable years in a row build equity to €165,375.
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100,000Eq €104,540 ▲41.3%
2 profitable years in a row build equity to €104,540.
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
2019
31-12
Financial
Back to profitnet €12,670
Net result €12,670 after one loss-making year.
Show earlier events
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Mortsel · 1 establishment unit since 2000
Ground area
191 m²
Building footprint
70 m²
Volume, LiDAR
597 m³
Parcel 11513C0386/00M000, Flanders · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Kretenburgstraat 109, 2640 Mortsel
since 20002.100.722.169
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11513C0386/00M000 | Flanders | 191 m² | 1 · 70 m² | 10.0 m · 3 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.
Similar companies · same sector, comparable size
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NOBODY
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AGORATECH
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Oupeye · Eq €107,662
RENTEK
BE 0538.802.039
Genk · Eq €107,090
Of 3,395 companies in sector 90393 we hold annual accounts for 942. 761 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
Founded14-03-2000
Fiscal year end31-12
Activities, NACEBEL 2025
90393Specialised image, lighting and sound technical services
46431Wholesale of electrical household appliances and audio-video equipment
47540Retail sale of electrical household appliances
59120Post-production of films, video and television programmes
62900Other information technology and computer services
95100Repair and maintenance of computers and communication equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0471426532
Also
9925:BE0471426532
Registered
30-01-2026
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.