GVS
ActiveSummary
GVS has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €100,065 and a net result of -€142. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 80% of 26049 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability69▼-3
Solvency95▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 2.71 against 2.43 in 2023; short-term debt: 30% and cash: 4.1% of total assets), and 30% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
70%
Return on assets
-0.1%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-09-2025, 56 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
56 d late
2023
65 d late
2022
91 d late
2021
23 d late
2020
26 d late
2019
87 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 58 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€100,065▼ 0.1%
2023 · €100,207
Total assets
€143,046▼ 3.9%
2023 · €148,865
Net result
-€142
2023 · €3,595
Working capital
€73,627▲ 5.8%
2023 · €69,574
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20202021202220232024
Operating result€6,012=€4,424▼ 26.4%-€1,655€5,978-€2,692
Net result€7,283within the sector's middle half=€1,453below the sector's middle half▼ 80.0%-€3,569within the sector's middle half€3,595within the sector's middle half-€142within the sector's middle half
Equity€98,318within the sector's middle half=€100,181within the sector's middle half▲ 1.9%€96,612within the sector's middle half▼ 3.6%€100,207within the sector's middle half▲ 3.7%€100,065within the sector's middle half▼ 0.1%
Total assets€151,232below the sector's middle half=€150,276below the sector's middle half▼ 0.6%€155,163within the sector's middle half▲ 3.3%€148,865within the sector's middle half▼ 4.1%€143,046within the sector's middle half▼ 3.9%
Debt€52,914=€50,095▼ 5.3%€58,551▲ 16.9%€48,658▼ 16.9%€42,981▼ 11.7%
Working capital€55,680within the sector's middle half=€39,351within the sector's middle half▼ 29.3%€50,207within the sector's middle half▲ 27.6%€69,574within the sector's middle half▲ 38.6%€73,627within the sector's middle half▲ 5.8%
Solvency65.0%above the sector's middle half=66.7%above the sector's middle half▲ 1.7pp62.3%above the sector's middle half▼ 4.4pp67.3%above the sector's middle half▲ 5.0pp70.0%above the sector's middle half▲ 2.6pp
Current ratio2.05within the sector's middle half=1.79within the sector's middle half▼ 0.271.86within the sector's middle half▲ 0.072.43within the sector's middle half▲ 0.572.71within the sector's middle half▲ 0.28
Return on assets (ROA)4.8%within the sector's middle half=1.0%below the sector's middle half▼ 3.8pp-2.3%within the sector's middle half▼ 3.3pp2.4%within the sector's middle half▲ 4.7pp-0.1%within the sector's middle half▼ 2.5pp
Staff (FTE)2.1within the sector's middle half=2within the sector's middle half▼ 4.8%2=1.2▼ 40.0%1.2=
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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 turns negative in 2024: a loss of €2,692 after €5,978 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €143,046
Fixed assets
€26,438 ▼ 13.7%
Current assets
€116,608 ▼ 1.4%
Equity and liabilities €143,046
Equity
€100,065 ▼ 0.1%
Debt
€42,981 ▼ 11.7%
Debt's share of the balance-sheet total falls from 32.7% to 30.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€13,537▼
2023 · €21,750
Cash flow
€16,087▼
2023 · €19,367
Quick ratio
1.40▲
2023 · 0.71
Debt to equity
0.43▼
2023 · 0.49
ROE
-0.1%▼
2023 · 3.6%
Interest coverage
26.07▼
2023 · 77.14
Debt ≤ 1 year
€42,981▼
2023 · €48,658
Income taxes
€1,804▼
2023 · €5,548
Staff costs
€60,933▼
2023 · €65,348
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.5%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 12,321 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2,035 | - | - | - |
| Remuneration, social security and pensions62 | - | €60,986 | €71,077 | €65,348 | €60,933 | ▼ 6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,339 | €20,008 | €17,556 | €15,772 | €16,229 | ▲ 2.9% |
| Other operating charges640/8 | - | - | €1,336 | - | €437 | - |
| Non-recurring operating charges66A | - | - | - | €9,999 | - | - |
| Gross operating margin9900 | €115,191 | €85,418 | €88,314 | €97,097 | €74,907 | ▼ 22.9% |
| Operating profit (loss)9901 | €6,012 | €4,424 | -€1,655 | €5,978 | -€2,692 | ▼ 145% |
| Financial income75/76B | - | - | €822 | €3,447 | €4,874 | ▲ 41.4% |
| Recurring financial income75 | €1,916 | - | €822 | €3,447 | €4,874 | ▲ 41.4% |
| Financial charges65/66B | - | €1,335 | €543 | €282 | €519 | ▲ 84.1% |
| Recurring financial charges65 | - | €1,335 | €543 | €282 | €519 | ▲ 84.1% |
| Profit (loss) for the period before taxes9903 | €7,928 | €3,089 | -€1,376 | €9,143 | €1,663 | ▼ 81.8% |
| Income taxes67/77 | €645 | €1,636 | €2,192 | €5,548 | €1,804 | ▼ 67.5% |
| Profit (loss) for the period9904 | €7,283 | €1,453 | -€3,569 | €3,595 | -€142 | ▼ 104% |
| Profit (loss) for the period to be appropriated9905 | €7,283 | €1,453 | -€3,569 | €3,595 | -€142 | ▼ 104% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €151,232 | €150,276 | €155,163 | €148,865 | €143,046 | ▼ 3.9% |
| Fixed assets21/28 | €42,638 | €60,830 | €46,405 | €30,633 | €26,438 | ▼ 13.7% |
| Intangible fixed assets21 | €975 | €325 | - | - | - | - |
| Tangible fixed assets22/27 | €41,663 | €60,505 | €46,405 | €30,633 | €26,438 | ▼ 13.7% |
| Land and buildings22 | - | €20,983 | €17,583 | €14,372 | €11,742 | ▼ 18.3% |
| Plant, machinery and equipment23 | - | €11,132 | €5,327 | €2,722 | €10,750 | ▲ 295% |
| Furniture and vehicles24 | - | €28,390 | €23,496 | €13,539 | €3,946 | ▼ 70.9% |
| Current assets29/58 | €108,594 | €89,446 | €108,758 | €118,232 | €116,608 | ▼ 1.4% |
| Stocks and contracts in progress3 | €55,907 | €60,830 | €75,530 | €83,767 | €56,290 | ▼ 32.8% |
| Stocks30/36 | - | €60,830 | €75,530 | €83,767 | €56,290 | ▼ 32.8% |
| Amounts receivable within one year40/41 | €17,534 | €16,511 | €10,938 | €10,161 | €49,463 | ▲ 387% |
| Trade receivables40 | - | €16,511 | €9,754 | - | €756 | - |
| Other amounts receivable41 | - | - | €1,184 | €10,161 | €48,707 | ▲ 379% |
| Cash at bank and in hand54/58 | €35,153 | €7,448 | €21,249 | €20,049 | €5,867 | ▼ 70.7% |
| Deferred charges and accrued income490/1 | - | €4,657 | €1,042 | €4,256 | €4,989 | ▲ 17.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €151,232 | €150,276 | €155,163 | €148,865 | €143,046 | ▼ 3.9% |
| Equity10/15 | €98,318 | €100,181 | €96,612 | €100,207 | €100,065 | ▼ 0.1% |
| Contributions10/11 | €18,592 | €18,592 | €20,451 | €18,592 | €18,592 | = |
| Capital10 | - | €18,592 | - | - | - | - |
| Issued capital100 | - | €18,592 | - | - | - | - |
| Reserves13 | €78,859 | €78,859 | €77,000 | €81,615 | €81,615 | = |
| Non-distributable reserves130/1 | - | €1,859 | - | €1,859 | €1,859 | = |
| Legal reserve130 | - | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | = |
| Distributable reserves133 | - | €77,000 | €77,000 | €79,756 | €79,756 | = |
| Profit (loss) carried forward14 | €867 | €2,730 | -€839 | - | -€142 | - |
| Amounts payable17/49 | €52,914 | €50,095 | €58,551 | €48,658 | €42,981 | ▼ 11.7% |
| Amounts payable within one year42/48 | €52,914 | €50,095 | €58,551 | €48,658 | €42,981 | ▼ 11.7% |
| Financial debts43 | - | €14,264 | €7,130 | - | - | - |
| Credit institutions430/8 | - | €14,264 | €7,130 | - | - | - |
| Trade debts44 | €18,151 | €24,214 | €43,560 | €34,457 | €28,689 | ▼ 16.7% |
| Suppliers440/4 | - | €24,214 | €43,560 | €34,457 | €28,689 | ▼ 16.7% |
| Taxes, remuneration and social security45 | - | €2,533 | €7,862 | €14,201 | €14,292 | ▲ 0.6% |
| Taxes450/3 | - | - | €2,584 | €9,236 | €9,672 | ▲ 4.7% |
| Remuneration and social security454/9 | - | €2,533 | €5,277 | €4,965 | €4,620 | ▼ 7.0% |
| Other amounts payable47/48 | - | €9,084 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,283 | €1,453 | -€3,569 | €3,595 | -€142 | ▼ 104% |
| + Depreciation and write-downs630 | €21,339 | €20,008 | €17,556 | €15,772 | €16,229 | ▲ 2.9% |
| Operating cash flow (approximation) | €28,622 | €21,461 | €13,987 | €19,367 | €16,087 | ▼ 16.9% |
| Investment in fixed assets (approximation) | - | -€38,200 | -€3,131 | €0 | -€12,034 | - |
| Change in cash | - | -€27,705 | €13,801 | -€1,200 | -€14,182 | ▼ 1,082% |
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
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
2023
31-12
Financial
Back to profitnet €3,595
Net result €3,595 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €100,207 ▲3.7%
Equity rises from €96,612 to €100,207.
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 91 days late
2022
31-12
Financial
Weakest financial yearnet -€3,569
Net result drops to -€3,569, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 23 days late
2021
31-12
Financial
Equity above €100,000Eq €100,181 ▲1.9%
4 profitable years in a row build equity to €100,181.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 87 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 23 days late
2018
25-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 25 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
2016
31-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 153 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Steenokkerzeel · 1 establishment unit since 1992
Ground area
2,521 m²
Building footprint
511 m²
Volume, LiDAR
3,008 m³
2 parcels, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Keistraat 41, 1820 Steenokkerzeel
since 19922.058.498.267
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23081A0289/00B000 | Flanders | 2,203 m² | 1 · 194 m² | 7.9 m · 2 fl. |
| 23081A0110/00B000 | Flanders | 317 m² | 1 · 317 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
1 siteSteenokkerzeel2.058.498.267
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ELIZYA
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,853. 4,645 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
Founded01-04-1992
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47252Retail sale of beverages, general range
E-invoicing
Reachable via Peppol
Peppol ID
0208:0447366968
Also
9925:BE0447366968
Registered
01-07-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.