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GVTL

Active
Private limited company (pre-2019)founded 20188 yrs activeKBO/BCE: BE 0690.523.501
Summary

The computed 12-month bankruptcy probability of GVTL is 3.2% (moderate). The 2025 annual accounts show negative equity (-€44,653) and a net result of -€1,314. Equity is shrinking by ~39.2% per year across the filed fiscal years. The company has been active since 2018 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Checked score

Score 2025
Axes · tick = 2022
Profitability0=
Solvency0=
Growth58▲+26
Track record92
Bankruptcy probability, 12 months
3.2% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2025
Age of the figures
Age of the figures
9 mo
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 8 years 0 10 y
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
181920212225
2018 to 2025 · latest year -€44,653
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 8 filings
Deviation from the deadline
2025
27 d late
2024
316 d late
2023
681 d late
2022
74 d late
2021
439 d late
2020
804 d late
2019
1169 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 501 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Strikeout withdrawn
Checked, nothing found (1)
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 11 June (4 of the last 5 filed years within 289 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline

History

GVTL was incorporated on 12 February 2018.1 Total assets fell from EUR 292,276 in 2018 to EUR 41,827 in 2022.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2022

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Financials · fiscal year 2025, abbreviated schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€1,314▲ 97.7%
2022 · -€58,198
Working capital
-€44,653▼ 14.1%
2022 · -€39,142
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20192020202120222025
Operating result-€7,912▲ 57.0%-€4,733▲ 40.2%-€250▲ 94.7%-€250=-€360-
Net result-€7,361▲ 60.4%-€4,733▲ 35.7%-€250▲ 94.7%-€58,198▼ 23,179%-€1,314-
Equity€24,039▼ 23.4%€19,306▼ 19.7%€19,056▼ 1.3%-€39,142-€44,653-
Total assets€303,372▲ 3.8%€298,942▼ 1.5%€41,869▼ 86.0%€41,827▼ 0.1%€604-
Debt€279,333▲ 7.1%€279,636▲ 0.1%€22,813▼ 91.8%€80,968▲ 255%€45,257-
Working capital€24,039€19,306▼ 19.7%€19,056▼ 1.3%-€39,142-€44,653-
Result per fiscal year
Operating resultNet result
-€60,000-€40,000-€20,000€0Operating result 2019: -€7,912-€7,912Net result 2019: -€7,361-€7,361Operating result 2020: -€4,733-€4,733Net result 2020: -€4,733-€4,733Operating result 2021: -€250-€250Net result 2021: -€250-€250Operating result 2022: -€250-€250Net result 2022: -€58,198-€58,198Operating result 2025: -€360-€360Net result 2025: -€1,314-€1,31420192020202120222025-€60,000-€40,000-€20,000€0Operating result 2021: -€250-€250Net result 2021: -€250-€250Operating result 2022: -€250-€250Net result 2022: -€58,198-€58,200Operating result 2025: -€360-€360Net result 2025: -€1,314-€1,310202120222025
The operating result is -€360 in 2025, compared with -€250 in 2022. Comparable figures for the intervening years are unavailable.
Key figures and ratios
2025 value · change against 2022
Debt ≤ 1 year
€45,257▼
2022 · €80,968
Income taxes
€954▼
2022 · €57,082
Ratios withheld: a balance sheet total of €604 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,010 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
7.9% went bankrupt
8.4% stopped otherwise
83% still going

A further 0.8% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.2% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 6,010 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
Filed annual accounts As filed with the NBB · 2025 against 2022 · 28 lines
Balance sheet Code20222025
Assets
Total assets20/58€41,827€604▼
Current assets29/58€41,827€604▼
Amounts receivable within one year40/41€41,827€604▼
Trade receivables40€41,480-
Other amounts receivable41€347€604▲
Equity and liabilities
Total equity and liabilities10/49€41,827€604▼
Equity10/15-€39,142-€44,653▼
Contributions10/11€50,000€50,000=
Capital10€50,000€50,000=
Issued capital100€50,000€50,000=
Profit (loss) carried forward14-€89,142-€94,653▼
Amounts payable17/49€80,968€45,257▼
Amounts payable within one year42/48€80,968€45,257▼
Trade debts44€18,521€1,000▼
Suppliers440/4€18,521€1,000▼
Taxes, remuneration and social security45€57,905-
Taxes450/3€57,905-
Other amounts payable47/48€4,543€44,257▲
Income statement Code20222025
Gross operating margin9900-€250-€360▼
Operating profit (loss)9901-€250-€360▼
Financial charges65/66B€866-
Recurring financial charges65€866-
Profit (loss) for the period before taxes9903-€1,116-€360▲
Income taxes67/77€57,082€954▼
Profit (loss) for the period9904-€58,198-€1,314▲
Profit (loss) for the period to be appropriated9905-€58,198-€1,314▲
Appropriation of the result
Profit (loss) to be appropriated9906-€89,142-€94,653▼
Profit (loss) brought forward from the previous period14P-€30,944-€93,339▼

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20192020202120222025Change
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€4,000----
Other operating charges640/8€2,351€50----
Non-recurring operating charges66A€22,833-----
Gross operating margin9900€17,272-€683-€250-€250-€360-
Operating profit (loss)9901-€7,912-€4,733-€250-€250-€360-
Financial income75/76B€551-----
Recurring financial income75€551-----
Financial charges65/66B---€866--
Recurring financial charges65---€866--
Profit (loss) for the period before taxes9903-€7,361-€4,733-€250-€1,116-€360-
Income taxes67/77---€57,082€954-
Profit (loss) for the period9904-€7,361-€4,733-€250-€58,198-€1,314-
Profit (loss) for the period to be appropriated9905-€7,361-€4,733-€250-€58,198-€1,314-
Line20192020202120222025Change
Assets
Total assets20/58€303,372€298,942€41,869€41,827€604-
Current assets29/58€303,372€298,942€41,869€41,827€604-
Amounts receivable within one year40/41€298,847€298,899€41,827€41,827€604-
Trade receivables40€298,605€298,605€41,480€41,480--
Other amounts receivable41€242€294€347€347€604-
Cash at bank and in hand54/58€306€43€43---
Deferred charges and accrued income490/1€4,219-----
Equity and liabilities
Total equity and liabilities10/49€303,372€298,942€41,869€41,827€604-
Equity10/15€24,039€19,306€19,056-€39,142-€44,653-
Contributions10/11€50,000€50,000€50,000€50,000€50,000-
Capital10€50,000€50,000€50,000€50,000€50,000-
Issued capital100€50,000€50,000€50,000€50,000€50,000-
Profit (loss) carried forward14-€25,961-€30,694-€30,944-€89,142-€94,653-
Amounts payable17/49€279,333€279,636€22,813€80,968€45,257-
Amounts payable within one year42/48€279,333€279,636€22,813€80,968€45,257-
Trade debts44€274,791€275,093€18,271€18,521€1,000-
Suppliers440/4€274,791€275,093€18,271€18,521€1,000-
Taxes, remuneration and social security45---€57,905--
Taxes450/3---€57,905--
Other amounts payable47/48€4,543€4,543€4,543€4,543€44,257-
Line20192020202120222025Change
Profit (loss) for the period9904-€7,361-€4,733-€250-€58,198-€1,314-
Operating cash flow (approximation)-€7,361-€4,733-€250-€58,198-€1,314-
Change in cash--€263€0---

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
27-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
12-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 316 days late
12-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 681 days late
2023
27-10
KBO administration Strikeout withdrawn
event 13-10-2023
13-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 74 days late
13-10
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 439 days late
13-10
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 804 days late
13-10
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 1169 days late
2022
31-12
Financial Weakest financial yearnet -€58,198
Net result drops to -€58,198, the lowest in the series; recovery starts the following year.
2020
22-04
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 266 days late
2019
31-12
Financial Liquidity doublescurrent ratio 1.09
Current ratio from 0.47 to 1.09.
SignalFinancial 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, Bastogne · 1 establishment unit since 2018
seat establishment The establishment unit on the map
Ground area
2.4 ha
Building footprint
4,458 m²
Volume, LiDAR
37,396 m³
2 parcels, Flanders, Wallonia · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GVTL
Gentseheerweg 78, 8870 IzegemFreight transport by road
since 20182.273.210.638
2 parcels
Flanders 1 (50%) Wallonia 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
82302C1047/00R000 Wallonia 2.0 ha 1 · 3,813 m² 11.1 m · 3 fl.
36493B0287/00B002 Flanders 4,779 m² 1 · 645 m² 6.4 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.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded12-02-2018
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.