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GVS20

Active
Private limited companyfounded 2002active for 24 yearsGotevlietstraat 20, 8000 Brugge, BelgiumKBO/BCE: BE 0477.144.681
Summary

GVS20 has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €27,459 and a net result of €1,937. Equity has been growing by about 44% per year since 2019. Its solvency ranks better than 78% of 9,829 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Official details

Source: KBO
Status
Active since 28-03-2002 Normal situation
Activity
Wholesale trade NACE 46630and 4 others
Joint committee
200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
Establishment unit
2.100.595.178 8000 Brugge, since 31-05-2002
Financial year end
31 December
Peppol
Reachable since 19-09-2025

Board and ownership

Board
  • Seynhaeve ViekDirector
Shareholders
  • LUNO· score 952025 annual accounts of LUNO

Financial position

88 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Annual accounts 2025
Gross margin
€42,261
▼ 9.7%
Turnover
≈ €320,000
estimated
Profit
€1,937
▼ 66.8%
Equity
€27,459
▲ 7.6%
Total assets
€38,073
▲ 19.8%
Employees on 31-12-2025
1
=
  • 2025 accounts filed 28 days after the deadline
Filed on 28-08-2026
Score breakdownraises riskSize: 1 FTE, total assets €38,073lowers riskFounded in 2002Equity €27,459 (72.1% of total assets)Figures for financial year 2025 (filed on 02-09-2026)Show the evidence

Checked score

Score 2025
88 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 56% of micro companies in wholesale trade (NACE 46)
Financial strength · tick: 2024
Strong
Solvency 97-3
equity 72.1% of total assets
Liquidity 49-42
short-term debt 27.9% · cash 8.2%
Profitability 50-33
return on assets 5.1%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,899 companies, NACE 46, micro)
Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.2%▲ +0.1 percentage points vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.3%▲ +0.1 percentage points vs 07-2025highest value 09-2025: 0.1%▼ -0.2 percentage points vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025lowest value 02-2026: 0.1%● unchanged vs 01-2026lowest value 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.2%▲ +0.1 percentage points vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026 11-2026: 0.2%● unchanged vs 10-2026
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.58 (5.07 in 2024), above the usual 1.5. Short-term debt is 27.9% and cash 8.2% of total assets. 27.9% of the assets are financed with debt and provisions.
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 46, micro). It does better than 77% of them on solvency, 49% on liquidity, 39% on profitability and 60% 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

Five signals.
lowers riskraises risk
lowers risk · Founded in 2002
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Size: 1 FTE, total assets €38,073
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Equity €27,459 (72.1% of total assets)
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 02-09-2026)
NBB · annual accounts
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
28 days late
2024
20 days late
2023
12 days early
2022
11 days early
2021
145 days early
2020
1 day late
2019
7 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 18 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 July (4 of the last 5 accounts filed within 39 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Less equity than 83% of companies in wholesale tradesector median €364,964 · 9,825 companies €27,459 View
  • Positive: 7 profitable years in a rowprofit 2025: €1,937 7 years View

Recent changes

  1. · Gazette deed Incorporation
All 14 events

Comparable companies

These companies have the same main activity as GVS20: wholesale trade (NACE 46630). They are comparable in size and age: total assets between €40,200 and €111,000, founded between 1991 and 2007.

CompanyTotal assetsGross margin
GVS20 Brugge€38,073€42,261
R.C.L. TRADING CIE Begijnendijk€40,167€32,311
AVEBO Diest€95,628€58,068
HYDROTRACK Charleroi€73,167€33,858
OCE TRADER Chaudfontaine€87,346€18,480
BAKA Chaumont-Gistoux€83,331€20,605
ALGEMEEN ONDERHOUD SCHRIJNWERK Puurs-Sint-Amands€110,904€27,444
Full comparison

Key facts about GVS20

What is the company number of GVS20?
The company number of GVS20 is 0477.144.681. The VAT number is the same number with BE in front: BE 0477.144.681.
Where is GVS20 based?
The registered office is at Gotevlietstraat 20, 8000 Brugge.Company details
What does GVS20 do?
According to the KBO register, the main activity is wholesale trade (NACE 46630).
What is the legal form of GVS20?
The legal form of GVS20 is Private limited company (BV).
When was GVS20 founded?
GVS20 was founded on 28-03-2002.
Is GVS20 still active?
Yes, GVS20 is an active enterprise in the KBO register.
How many employees does GVS20 have?
GVS20 had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does GVS20 fall under?
In its 2025 annual accounts, GVS20 states joint committee 200 (Aanvullend Paritair Comité voor de bedienden).
What is the turnover of GVS20?
The turnover in financial year 2025 is ≈ €320,000. This figure is estimated from the gross margin of €42,261 and 58 comparable companies (NACE 46). It probably lies between €140,000 and €700,000.
Is GVS20 profitable?
In financial year 2025, GVS20 made a profit of €1,937.
Where can I find the annual accounts of GVS20?
GVS20 filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of GVS20 due?
GVS20 must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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