GVS ELECTRONICS
ActiveSummary
GVS ELECTRONICS has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62,327 and a net result of €28,924. Equity has been growing by about 24% per year since 2022. Its solvency ranks better than 29% of 34,946 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 16-03-2022 Normal situation
- Activity
- General electrical installation work NACE 43211and 1 other
- Establishment unit
- 2.328.953.370 3850 Nieuwerkerken (Limb.), since 16-03-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 17-03-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
- Gross margin
- €59,165
- ▼ 7.8%
- Turnover
- ≈ €220,000
- estimated
- Profit
- €28,924
- ▼ 16.7%
- Equity
- €62,327
- ▼ 53.3%
- Total assets
- €230,708
- ▲ 4.9%
- 2025 accounts filed 14 days after the deadline
Score breakdownraises riskFounded in 2022Sector: Specialised construction activities (NACE 43)Last filed accounts filed 14 days latelowers riskLiquidity: current ratio 1.25, cash €159,884Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 29% of them on solvency, 62% on liquidity, 68% on profitability and 8% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 4 accounts on average 24 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 14 days after the deadline Filed on 14 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00405584.
Annual accounts 2025 filed on 14-08-2026 at the NBB all 4 filings
2022 to 2025, 4 financial years
The operating result for 2025 is 12% lower than in 2024 and the lowest since 2022. It is the second fall in a row.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €104,720 | €1,206 | - | €5,195 |
| Depreciation and write-downs of the year | €7,544 | €17,659 | €17,448 | €18,085 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 to 2024 · 2 entries · €474 awarded · €474 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €148 | €224 |
| 2023 | 1 | €326 | €250 |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €403 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,544 | €17,659 | €17,448 | €18,085 | ▲ 3.7% |
| Other operating charges640/8 | €1,824 | €541 | €520 | €604 | ▲ 16.1% |
| Gross operating margin9900 | €68,328 | €80,222 | €64,171 | €59,165 | ▼ 7.8% |
| Operating profit (loss)9901 | €58,557 | €62,022 | €46,203 | €40,476 | ▼ 12.4% |
| Financial income75/76B | €0 | €4 | €0 | €9 | ▲ 87× |
| Recurring financial income75 | €0 | €4 | €0 | €9 | ▲ 87× |
| Financial charges65/66B | €1,043 | €2,533 | €2,053 | €1,439 | ▼ 29.9% |
| Recurring financial charges65 | €1,043 | €2,533 | €2,053 | €1,439 | ▼ 29.9% |
| Profit (loss) for the period before taxes9903 | €57,514 | €59,492 | €44,150 | €39,046 | ▼ 11.6% |
| Income taxes67/77 | €13,110 | €12,705 | €9,438 | €10,122 | ▲ 7.2% |
| Profit (loss) for the period9904 | €44,404 | €46,787 | €34,712 | €28,924 | ▼ 16.7% |
| Profit (loss) for the period to be appropriated9905 | €44,404 | €46,787 | €34,712 | €28,924 | ▼ 16.7% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €196,608 | €205,182 | €219,949 | €230,708 | ▲ 4.9% |
| Fixed assets21/28 | €79,821 | €63,367 | €45,919 | €33,028 | ▼ 28.1% |
| Tangible fixed assets22/27 | €79,821 | €63,367 | €45,919 | €33,028 | ▼ 28.1% |
| Plant, machinery and equipment23 | €128 | - | - | €3,008 | - |
| Furniture and vehicles24 | €79,693 | €63,367 | €45,919 | €30,020 | ▼ 34.6% |
| Current assets29/58 | €116,787 | €141,815 | €174,030 | €197,680 | ▲ 13.6% |
| Stocks and contracts in progress3 | €5,977 | €6,837 | €7,781 | €9,621 | ▲ 23.6% |
| Stocks30/36 | €5,977 | €6,837 | €7,781 | €9,621 | ▲ 23.6% |
| Amounts receivable within one year40/41 | €28,132 | €9,485 | €16,421 | €25,626 | ▲ 56.1% |
| Trade receivables40 | €20,267 | €9,485 | €16,421 | €21,237 | ▲ 29.3% |
| Other amounts receivable41 | €7,865 | - | - | €4,389 | - |
| Cash at bank and in hand54/58 | €80,078 | €123,007 | €147,089 | €159,884 | ▲ 8.7% |
| Deferred charges and accrued income490/1 | €2,600 | €2,486 | €2,739 | €2,549 | ▼ 6.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €196,608 | €205,182 | €219,949 | €230,708 | ▲ 4.9% |
| Equity10/15 | €51,904 | €98,691 | €133,403 | €62,327 | ▼ 53.3% |
| Contributions10/11 | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Reserves13 | €44,404 | €91,191 | €125,903 | €54,827 | ▼ 56.5% |
| Distributable reserves133 | €44,404 | €91,191 | €125,903 | €54,827 | ▼ 56.5% |
| Amounts payable17/49 | €144,704 | €106,491 | €86,546 | €168,381 | ▲ 94.6% |
| Amounts payable after more than one year17 | €52,776 | €38,865 | €24,467 | €9,566 | ▼ 60.9% |
| Financial debts170/4 | €52,776 | €38,865 | €24,467 | €9,566 | ▼ 60.9% |
| Amounts payable within one year42/48 | €91,928 | €67,415 | €61,905 | €158,257 | ▲ 156% |
| Financial debts43 | €17,942 | €19,911 | €20,197 | €22,401 | ▲ 10.9% |
| Credit institutions430/8 | €17,942 | €19,911 | €20,197 | €22,401 | ▲ 10.9% |
| Trade debts44 | €14,074 | €5,739 | €9,132 | €16,691 | ▲ 82.8% |
| Suppliers440/4 | €14,074 | €5,739 | €9,132 | €16,691 | ▲ 82.8% |
| Taxes, remuneration and social security45 | €8,610 | €10,864 | €1,935 | €4,473 | ▲ 131% |
| Taxes450/3 | €8,610 | €10,864 | €1,935 | €4,353 | ▲ 125% |
| Remuneration and social security454/9 | - | - | - | €120 | - |
| Other amounts payable47/48 | €51,302 | €30,900 | €30,641 | €114,692 | ▲ 274% |
| Accrued charges and deferred income492/3 | - | €211 | €174 | €557 | ▲ 221% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44,404 | €46,787 | €34,712 | €28,924 | ▼ 16.7% |
| + Depreciation and write-downs630 | €7,544 | €17,659 | €17,448 | €18,085 | ▲ 3.7% |
| Operating cash flow (approximation) | €51,948 | €64,446 | €52,161 | €47,010 | ▼ 9.9% |
| Investment in fixed assets (approximation) | - | -€1,206 | €0 | -€5,195 | - |
| Change in cash | - | €42,929 | €24,082 | €12,795 | ▼ 46.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 7,976 companies had the same profile as GVS ELECTRONICS has now. Two years later, 3.6% had gone bankrupt and 94.3% were still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of GVS ELECTRONICS itself is lower: 0.4% within 12 months. It rests on far more data about GVS ELECTRONICS than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,976 companies, not a prediction for GVS ELECTRONICS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Owners and capital
Owners
Network & group
GVS ELECTRONICS shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of GVS ELECTRONICS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
18-03
Gazette deed
IncorporationAppointment: VANORMELINGEN Gerd Luc Mark (director) · Founder · Founding capital7 points ▸
- Incorporation, 15-03-2022
- Founder, VANORMELINGEN Gerd Luc Mark
- Founder, ONCHONNABOT Nithinun
- Founding capital
- Director appointment, VANORMELINGEN Gerd Luc Mark (director (not named in the articles))
- Registered office clause, “3850 Nieuwerkerken,Rozenbosstraat 22a” (deed in Dutch)
- Pre-incorporation commitments, “takeover, verbintenissen,verplichtingen en activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
12 activities
- Onderneming voor elektriciteitswerken, elektrotechnische installaties, alarminstallaties, beveiligingsinstallies, fotovoltaïsche panelen, …
- Handel (zowel kleinhandel, groothandel of verkoop op commissie) in producten bestemd voor de in punt 1 bestemde activiteiten;
- Tussenpersoon in de handel, zakelijke dienstverlening;
- De vennootschap mag haar voorwerp realiseren zowel in het binnen- als in het buitenland, op alle wijzen die zij het best geschikt zal achten. De vennootschap mag ook op elke wijze betrokken zijn in zaken, ondernemingen of vennootschappen die hetzelfde, een soortgelijk, een samenhangend of gelijkaardig voorwerp hebben of die de ontwikkeling van haar onderneming kunnen bevorderen, haar grondstoffen kunnen leveren, of de afzet van haar producten kunnen vergemakkelijken.
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals onder meer erfpacht- en opstalrechten en de huurfinanciering van onroerende goederen aan derden, het aankopen en verkopen zowel in volle eigendom als in vruchtgebruik en/of blote eigendom, ruilen, doen bouwen, doen verbouwen, onderhouden, verhuren, huren, gratis ter beschikking stellen aan bestuurders en hun gezin, verkavelen, prospecteren en uitbaten van onroerende goederen, de aan- en verkoop, huur en verhuur van roerende goederen betreffende de inrichting en uitrusting van onroerende goederen, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de roerende en onroerende goederen te bevorderen;
- Beheer van (eigen) onroerend goed: de verwerving, de vervreemding, de inleasinggeving, het beheer, de uitbating, de valorisatie, de verkaveling, de ordening, het huren en verhuren, het doen bouwen en het verbouwen van onroerende goederen, de procuratie;
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend patrimonium, alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals het verwerven door inschrijving of aankoop en het beheren van aandelen, obligaties, kasbons of andere roerende waarden, van welke vorm ook, van Belgische of buitenlandse, bestaande of nog op te richten rechtspersonen en ondernemingen.
- Het verwerven van participaties in eender welke vorm in alle bestaande of nog op te richten rechtspersonen en vennootschappen, het stimuleren, de planning, de coördinatie van de ontwikkeling en investering in rechtspersonen en ondernemingen waarin zij al of niet een participatie aanhoudt.
- Zij kan ook de functies van bestuurder of vereffenaar uitoefenen in andere vennootschappen.
- De vennootschap is verbonden door de rechtshandelingen van de bestuurders zelfs indien de handelingen buiten haar voorwerp liggen, tenzij zij bewijst dat de derde daarvan op de hoogte was of er, gezien de omstandigheden, niet onkundig van kon zijn; openbaarmaking van de statuten alleen is echter geen voldoende bewijs.
- Op algemene wijze mag zij allerhande commerciële, industriële, financiële, roerende en onroerende verrichtingen uitvoeren, welke rechtstreeks of onrechtstreeks verband houden met haar voorwerp.
- Zij mag eveneens belangen hebben bij wijze van inbreng, inschrijving of anderszins, in alle ondernemingen, verenigingen of vennootschappen, die een gelijkaardig, analoog of aanverwant voorwerp nastreven, of waarvan het voorwerp van aard is dat van de vennootschap te bevorderen.
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0783.497.407
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Licences in the Official Gazette
2 publications · 2 kindsSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71045A0293/00N000 | Flanders | 1,059 m² | 1 · 129 m² | 8.7 m · 2 |