Summary
GVO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €130,415 and a net result of €27,100. Equity is growing by ~36.7% per year across the filed fiscal years. Its solvency ranks better than 80% of 5587 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
17 d late
2024
28 d late
2023
30 d late
2022
17 d late
2021
23 d late
2020
27 d late
2019
69 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 30 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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.
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, abbreviated schema
Equity
€130,415▲ 24.1%
2024 · €105,115
Net result
€27,100▲ 58.9%
2024 · €17,053
Total assets
€152,887▲ 23.6%
2024 · €123,709
Solvency
85.3%▲ 0.3pp
2024 · 85.0%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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€50,811▲ 858%€42,456▼ 16.4%€51,216▲ 20.6%€24,184▼ 52.8%€39,222▲ 62.2%
Net result€37,337within the sector's middle half▲ 4,432%€27,404within the sector's middle half▼ 26.6%€31,655within the sector's middle half▲ 15.5%€17,053within the sector's middle half▼ 46.1%€27,100within the sector's middle half▲ 58.9%
Equity€36,502below the sector's middle half▲ 1,757%€63,907below the sector's middle half▲ 75.1%€95,562below the sector's middle half▲ 49.5%€105,115below the sector's middle half▲ 10.0%€130,415below the sector's middle half▲ 24.1%
Total assets€117,726below the sector's middle half▲ 28.2%€101,272below the sector's middle half▼ 14.0%€109,689below the sector's middle half▲ 8.3%€123,709below the sector's middle half▲ 12.8%€152,887below the sector's middle half▲ 23.6%
Debt€81,224▼ 9.6%€37,365▼ 54.0%€14,127▼ 62.2%€18,594▲ 31.6%€22,472▲ 20.9%
Working capital€1,701within the sector's middle half€34,799within the sector's middle half▲ 1,945%€49,500within the sector's middle half▲ 42.2%€62,333within the sector's middle half▲ 25.9%€88,590within the sector's middle half▲ 42.1%
Solvency31.0%within the sector's middle half▲ 28.9pp63.1%within the sector's middle half▲ 32.1pp87.1%above the sector's middle half▲ 24.0pp85.0%above the sector's middle half▼ 2.2pp85.3%above the sector's middle half▲ 0.3pp
Current ratio1.02within the sector's middle half▲ 0.551.93within the sector's middle half▲ 0.914.52above the sector's middle half▲ 2.584.68above the sector's middle half▲ 0.165.50above the sector's middle half▲ 0.82
Return on assets (ROA)31.7%above the sector's middle half▲ 30.8pp27.1%above the sector's middle half▼ 4.7pp28.9%above the sector's middle half▲ 1.8pp13.8%above the sector's middle half▼ 15.1pp17.7%above the sector's middle half▲ 3.9pp
Staff (FTE)0within the sector's middle half0within the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
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 recovers in 2025; 2025 is 62% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €152,887
Fixed assets
€44,620 ▲ 0.4%
Current assets
€108,268 ▲ 36.6%
Equity and liabilities €152,887
Equity
€130,415 ▲ 24.1%
Debt
€22,472 ▲ 20.9%
Debt's share of the balance-sheet total falls from 15.0% to 14.7%. Equity and debt are higher.
Key figures and ratios
ROE
20.8%▲
2024 · 16.2%
Debt ≤ 1 year
€19,678▲
2024 · €16,941
Income taxes
€12,763▲
2024 · €7,783
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,810 | €18,187 | €17,040 | €2,183 | €1,844 | ▼ 15.5% |
| Other operating charges640/8 | €3,243 | €1,565 | €1,569 | €2,280 | €2,432 | ▲ 6.7% |
| Non-recurring operating charges66A | - | €509 | €0 | - | - | - |
| Gross operating margin9900 | €70,864 | €62,716 | €69,826 | €28,647 | €43,498 | ▲ 51.8% |
| Operating profit (loss)9901 | €50,811 | €42,456 | €51,216 | €24,184 | €39,222 | ▲ 62.2% |
| Financial income75/76B | - | €10 | €181 | €721 | €713 | ▼ 1.1% |
| Recurring financial income75 | - | €10 | €181 | €721 | €713 | ▼ 1.1% |
| Financial charges65/66B | €82 | €80 | €86 | €68 | €72 | ▲ 5.9% |
| Recurring financial charges65 | €82 | €80 | €86 | €68 | €72 | ▲ 5.9% |
| Profit (loss) for the period before taxes9903 | €50,729 | €42,386 | €51,312 | €24,836 | €39,863 | ▲ 60.5% |
| Income taxes67/77 | €13,392 | €14,981 | €19,657 | €7,783 | €12,763 | ▲ 64.0% |
| Profit (loss) for the period9904 | €37,337 | €27,404 | €31,655 | €17,053 | €27,100 | ▲ 58.9% |
| Profit (loss) for the period to be appropriated9905 | €37,337 | €27,404 | €31,655 | €17,053 | €27,100 | ▲ 58.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €117,726 | €101,272 | €109,689 | €123,709 | €152,887 | ▲ 23.6% |
| Formation expenses20 | €495 | €237 | €0 | - | - | - |
| Fixed assets21/28 | €34,947 | €28,992 | €46,116 | €44,435 | €44,620 | ▲ 0.4% |
| Tangible fixed assets22/27 | €34,947 | €23,983 | €7,179 | €4,996 | €3,152 | ▼ 36.9% |
| Plant, machinery and equipment23 | €2,612 | €1,545 | €657 | €159 | €0 | ▼ 100% |
| Furniture and vehicles24 | €32,334 | €22,438 | €6,522 | €4,837 | €3,152 | ▼ 34.8% |
| Financial fixed assets28 | - | €5,010 | €38,937 | €39,439 | €41,467 | ▲ 5.1% |
| Current assets29/58 | €82,285 | €72,043 | €63,573 | €79,274 | €108,268 | ▲ 36.6% |
| Amounts receivable within one year40/41 | €24,372 | €6,359 | €34,885 | €36,536 | €46,310 | ▲ 26.8% |
| Trade receivables40 | €24,372 | €6,340 | €15,494 | €11,959 | €23,232 | ▲ 94.3% |
| Other amounts receivable41 | - | €19 | €19,391 | €24,578 | €23,078 | ▼ 6.1% |
| Cash at bank and in hand54/58 | €57,164 | €65,585 | €26,033 | €35,725 | €60,624 | ▲ 69.7% |
| Deferred charges and accrued income490/1 | €749 | €99 | €2,655 | €7,013 | €1,334 | ▼ 81.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €117,726 | €101,272 | €109,689 | €123,709 | €152,887 | ▲ 23.6% |
| Equity10/15 | €36,502 | €63,907 | €95,562 | €105,115 | €130,415 | ▲ 24.1% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €18,600 | ▲ 50.0% |
| Reserves13 | €820 | €28,120 | €79,620 | €89,120 | €108,120 | ▲ 21.3% |
| Distributable reserves133 | €820 | €28,120 | €79,620 | €89,120 | €108,120 | ▲ 21.3% |
| Profit (loss) carried forward14 | €23,282 | €23,387 | €3,542 | €3,595 | €3,695 | ▲ 2.8% |
| Amounts payable17/49 | €81,224 | €37,365 | €14,127 | €18,594 | €22,472 | ▲ 20.9% |
| Amounts payable within one year42/48 | €80,583 | €37,245 | €14,073 | €16,941 | €19,678 | ▲ 16.2% |
| Trade debts44 | - | €1,027 | €1,496 | €68 | €420 | ▲ 519% |
| Suppliers440/4 | - | €1,027 | €1,496 | €68 | €420 | ▲ 519% |
| Taxes, remuneration and social security45 | €15,904 | €5,334 | €12,577 | €10,498 | €12,458 | ▲ 18.7% |
| Taxes450/3 | €15,904 | €5,334 | €12,577 | €10,498 | €12,458 | ▲ 18.7% |
| Other amounts payable47/48 | €64,679 | €30,884 | €0 | €6,375 | €6,800 | ▲ 6.7% |
| Accrued charges and deferred income492/3 | €640 | €121 | €54 | €1,653 | €2,795 | ▲ 69.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,337 | €27,404 | €31,655 | €17,053 | €27,100 | ▲ 58.9% |
| + Depreciation and write-downs630 | €16,810 | €18,187 | €17,040 | €2,183 | €1,844 | ▼ 15.5% |
| Operating cash flow (approximation) | €54,147 | €45,591 | €48,695 | €19,236 | €28,944 | ▲ 50.5% |
| Investment in fixed assets (approximation) | - | -€12,232 | -€34,164 | -€502 | -€2,029 | ▼ 305% |
| Change in cash | - | €8,421 | -€39,552 | €9,691 | €24,899 | ▲ 157% |
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
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 17 days late
08-07
State Gazette act
Resignation: VANPRAET Gunther Jules Sylvie (manager)Appointment: VANPRAET Gunther Jules Sylvie (non-statutory director) · Legal-form conversion · Statutes amendment14 facts ▸
State Gazette act
Resignation: VANPRAET Gunther Jules Sylvie (manager)
Appointment: VANPRAET Gunther Jules Sylvie (non-statutory director) · Legal-form conversion · Statutes amendment14 facts ▸
- Other statement, onderwerping aan WVV, onderwerpen aan bepalingen van het Wetboek van vennootschappen en verenigingen
- Legal-form conversion, besloten vennootschap
- Statutes amendment
- Statutes amendment, 2
- Statutes amendment
- Capital conversion, statutair onbeschikbare eigen vermogensrekening
- Capital conversion, beschikbaar voor uitkering
- Statutes amendment
- Share class, op naam met volgnummer, gelijk recht in winstverdeling en vereffeningsaldo
- Director resignation, VANPRAET Gunther Jules Sylvie (manager)
- Director appointment, VANPRAET Gunther Jules Sylvie (non-statutory director)
- Director discharge, VANPRAET Gunther Jules Sylvie
- +2 further facts in this act
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
31-12
Financial
Equity above €100,000Eq €105,115 ▲10%
5 profitable years in a row build equity to €105,115.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 4.52
Current ratio from 1.93 to 4.52; short-term debt falls from €37,245 to €14,073.
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 17 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-12
Financial
Highest result since 2019net €37,337 ▲4,432%
Net result €37,337, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 1.02
Current ratio from 0.47 to 1.02; short-term debt falls from €86,171 to €80,583.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Back to profitnet €824
Net result €824 after one loss-making year.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
VANPRAET Gunther Jules Sylvie
CurrentNon-statutory director · since 08-07-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Oostende · 1 establishment unit since 2018
Ground area
2,394 m²
Building footprint
1,261 m²
Volume, LiDAR
3,020 m³
Parcel 35382B0032/00M006, Flanders · tallest building 40.5 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
GVO
since 20182.313.179.982
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35382B0032/00M006 | Flanders | 2,394 m² | 1 · 1,261 m² | 40.5 m |
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.
Mandate history
1 person since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| VANPRAET Gunther Jules Sylvie |
|
Articles of association
Annual meeting
Last Friday of April at 19:00
Duration
Unlimited
Name clause
Legal form clause
BESLOTEN VENNOOTSCHAP
Registered office clause
Vlaams Gewest
Other statement
Verdeling van de winst, aanwending jaarlijkse nettowinst bepaald door algemene vergadering op voorstel bestuursorgaan, elk aandeel gelijk aandeel
1 more provision on this in the deed
Board rule
One provision in the deed
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Capital and shareholders
Capital over the years
- 08-07-2026 Converted to unavailable equity · 18,600 EUR
- 08-07-2026 Converted to available equity
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 12,952 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
Founded12-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0713470434
Registered
16-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.