GILVA
ActiveSummary
GILVA has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.57M and a net result of €345k. Equity is growing by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 51% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability31▼-13
Solvency79▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €650k at 30 days acceptable
Liquidity short (current ratio 0.86 against 0.85 in 2024; short-term debt: 30.1% and cash: 0.2% of total assets), and 45.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
54.3%
Return on assets
1.8%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
21 d early
2023
51 d early
2022
28 d early
2021
27 d early
2020
20 d early
2019
28 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€10.57M▲ 3.4%
2024 · €10.23M
2019: €3.01Mlowest in 7 years
2020: €3.03M▲ +0.7% vs 2019
2021: €8.05M▲ +166% vs 2020
2022: €8.89M▲ +10.4% vs 2021
2023: €9.28M▲ +4.4% vs 2022
2024: €10.23M▲ +10.2% vs 2023
2025: €10.57M▲ +3.4% vs 2024highest in 7 years
2019 → 2025
Total assets
€19.48M▲ 7.7%
2024 · €18.09M
2019: €4.23Mlowest in 7 years
2020: €8.92M▲ +111% vs 2019
2021: €9.97M▲ +11.8% vs 2020
2022: €14.61M▲ +46.6% vs 2021
2023: €16.04M▲ +9.8% vs 2022
2024: €18.09M▲ +12.7% vs 2023
2025: €19.48M▲ +7.7% vs 2024highest in 7 years
2019 → 2025
Net result
€345k▼ 63.5%
2024 · €943k
2019: €36k
2020: €22k▼ -38.9% vs 2019lowest in 7 years
2021: €5.02M▲ +22740% vs 2020highest in 7 years
2022: €840k▼ -83.3% vs 2021
2023: €394k▼ -53.0% vs 2022
2024: €943k▲ +139% vs 2023
2025: €345k▼ -63.5% vs 2024
2019 → 2025
Working capital
€-814k▼ 29.1%
2024 · €-630k
2019: €-260k
2020: €-3.60M▼ -1285% vs 2019lowest in 7 years
2021: €128k▲ +104% vs 2020highest in 7 years
2022: €-579k▼ -553% vs 2021
2023: €-457k▲ +21.2% vs 2022
2024: €-630k▼ -38.0% vs 2023
2025: €-814k▼ -29.1% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€8.05M-€8.89M▲ 10.4%€9.28M▲ 4.4%€10.23M▲ 10.2%€10.57M▲ 3.4%
2021: €8.05Mlowest in 5 years
2022: €8.89M▲ +10.4% vs 2021
2023: €9.28M▲ +4.4% vs 2022
2024: €10.23M▲ +10.2% vs 2023
2025: €10.57M▲ +3.4% vs 2024highest in 5 years
Operating result€104k-€320k▲ 207%€589k▲ 84.2%€59k▼ 90.0%€59k▼ 0.5%
2021: €104k
2022: €320k▲ +207% vs 2021
2023: €589k▲ +84.2% vs 2022highest in 5 years
2024: €59k▼ -90.0% vs 2023
2025: €59k▼ -0.5% vs 2024lowest in 5 years
Net result€5.02M-€840k▼ 83.3%€394k▼ 53.0%€943k▲ 139%€345k▼ 63.5%
2021: €5.02Mhighest in 5 years
2022: €840k▼ -83.3% vs 2021
2023: €394k▼ -53.0% vs 2022
2024: €943k▲ +139% vs 2023
2025: €345k▼ -63.5% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 0% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19.48M
Fixed assets
€14.43M ▼ 0.4%
Current assets
€5.05M ▲ 40.3%
Equity and liabilities €19.48M
Equity
€10.57M ▲ 3.4%
Provisions
€147k ▼ 5.6%
Debt
€8.76M ▲ 13.8%
Debt's share of the balance-sheet total rises from 42.6% to 45.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€275k▲
2024 · €269k
Cash flow
€561k▼
2024 · €1.15M
Current ratio
0.86▲
2024 · 0.85
Debt to equity
0.83▲
2024 · 0.75
ROE
3.3%▼
2024 · 9.2%
ROA
1.8%▼
2024 · 5.2%
Interest coverage
1.17▼
2024 · 2.27
Debt ≤ 1 year
€5.86M▲
2024 · €4.23M
Debt > 1 year
€2.90M▼
2024 · €3.47M
Income taxes
€373▼
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€18.09M€19.48M▲
Fixed assets21/28€14.49M€14.43M▼
Tangible fixed assets22/27€4.99M€4.81M▼
Land and buildings22€4.99M€4.81M▼
Furniture and vehicles24€1k€1k▼
Financial fixed assets28€9.50M€9.62M▲
Current assets29/58€3.60M€5.05M▲
Amounts receivable after more than one year29-€155k
Trade receivables290-€155k
Amounts receivable within one year40/41€3.55M€4.85M▲
Trade receivables40€150k€133k▼
Other amounts receivable41€3.40M€4.72M▲
Cash at bank and in hand54/58€43k€33k▼
Deferred charges and accrued income490/1€10k€11k▲
Equity and liabilities
Total equity and liabilities10/49€18.09M€19.48M▲
Equity10/15€10.23M€10.57M▲
Contributions10/11€1.50M€1.50M=
Reserves13€8.73M€9.07M▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€466k€440k▼
Distributable reserves133€8.26M€8.63M▲
Provisions and deferred taxes16€155k€147k▼
Deferred taxes168€155k€147k▼
Amounts payable17/49€7.70M€8.76M▲
Amounts payable after more than one year17€3.47M€2.90M▼
Financial debts170/4€3.47M€2.90M▼
Amounts payable within one year42/48€4.23M€5.86M▲
Current portion of amounts payable after more than one year42€571k€573k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€11k€19k▲
Suppliers440/4€11k€19k▲
Taxes, remuneration and social security45€0€836▲
Taxes450/3€0€836▲
Other amounts payable47/48€3.65M€5.27M▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€210k€216k▲
Other operating charges640/8€22k€19k▼
Gross operating margin9900€291k€295k▲
Operating profit (loss)9901€59k€59k▼
Financial income75/76B€1.00M€513k▼
Recurring financial income75€1.00M€513k▼
Financial charges65/66B€119k€236k▲
Recurring financial charges65€119k€236k▲
Profit (loss) for the period before taxes9903€944k€336k▼
Transfer from deferred taxes780€9k€9k=
Transfer to deferred taxes680€0-
Income taxes67/77€10k€373▼
Profit (loss) for the period9904€943k€345k▼
Transfer from tax-exempt reserves789€26k€26k=
Transfer to tax-exempt reserves689€0-
Profit (loss) for the period to be appropriated9905€969k€370k▼
Appropriation of the result
Profit (loss) to be appropriated9906€969k€370k▼
Transfer to equity691/2€969k€370k▼
To contributions691€969k€370k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €311k | €500k | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21k | €41k | €175k | €210k | €216k | ▲ 2.9% |
| Other operating charges640/8 | - | €48k | €13k | €22k | €19k | ▼ 10.5% |
| Gross operating margin9900 | €299k | €409k | €777k | €291k | €295k | ▲ 1.2% |
| Operating profit (loss)9901 | €104k | €320k | €589k | €59k | €59k | ▼ 0.5% |
| Financial income75/76B | - | €618k | €34k | €1.00M | €513k | ▼ 48.8% |
| Recurring financial income75 | €4.93M | €618k | €34k | €1.00M | €513k | ▼ 48.8% |
| Financial charges65/66B | - | €27k | €97k | €119k | €236k | ▲ 99.0% |
| Recurring financial charges65 | €13k | €27k | €97k | €119k | €236k | ▲ 99.0% |
| Profit (loss) for the period before taxes9903 | €5.02M | €911k | €526k | €944k | €336k | ▼ 64.4% |
| Transfer from deferred taxes780 | - | - | €9k | €9k | €9k | = |
| Transfer to deferred taxes680 | - | €48k | €125k | €0 | - | - |
| Income taxes67/77 | - | €23k | €16k | €10k | €373 | ▼ 96.2% |
| Profit (loss) for the period9904 | €5.02M | €840k | €394k | €943k | €345k | ▼ 63.5% |
| Transfer from tax-exempt reserves789 | - | - | €26k | €26k | €26k | = |
| Transfer to tax-exempt reserves689 | - | €143k | €375k | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €5.02M | €697k | €45k | €969k | €370k | ▼ 61.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.97M | €14.61M | €16.04M | €18.09M | €19.48M | ▲ 7.7% |
| Fixed assets21/28 | €9.27M | €13.09M | €13.39M | €14.49M | €14.43M | ▼ 0.4% |
| Tangible fixed assets22/27 | €2.42M | €4.76M | €5.05M | €4.99M | €4.81M | ▼ 3.5% |
| Land and buildings22 | - | €4.76M | €5.05M | €4.99M | €4.81M | ▼ 3.5% |
| Furniture and vehicles24 | - | - | - | €1k | €1k | ▼ 22.8% |
| Financial fixed assets28 | €6.85M | €8.34M | €8.34M | €9.50M | €9.62M | ▲ 1.3% |
| Current assets29/58 | €703k | €1.52M | €2.66M | €3.60M | €5.05M | ▲ 40.3% |
| Amounts receivable after more than one year29 | - | - | - | - | €155k | - |
| Trade receivables290 | - | - | - | - | €155k | - |
| Amounts receivable within one year40/41 | €363k | €1.47M | €2.60M | €3.55M | €4.85M | ▲ 36.8% |
| Trade receivables40 | - | €10k | €70k | €150k | €133k | ▼ 11.7% |
| Other amounts receivable41 | - | €1.46M | €2.53M | €3.40M | €4.72M | ▲ 38.9% |
| Current investments50/53 | €214k | - | - | - | - | - |
| Cash at bank and in hand54/58 | €124k | €44k | €52k | €43k | €33k | ▼ 23.0% |
| Deferred charges and accrued income490/1 | - | €400 | - | €10k | €11k | ▲ 3.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.97M | €14.61M | €16.04M | €18.09M | €19.48M | ▲ 7.7% |
| Equity10/15 | €8.05M | €8.89M | €9.28M | €10.23M | €10.57M | ▲ 3.4% |
| Contributions10/11 | - | €1.50M | €1.50M | €1.50M | €1.50M | = |
| Reserves13 | €6.55M | €7.39M | €7.78M | €8.73M | €9.07M | ▲ 3.9% |
| Non-distributable reserves130/1 | - | €79k | €79k | €0 | - | - |
| Reserves not available under the articles1311 | - | €79k | €79k | €0 | - | - |
| Tax-exempt reserves132 | - | €143k | €492k | €466k | €440k | ▼ 5.6% |
| Distributable reserves133 | - | €7.17M | €7.21M | €8.26M | €8.63M | ▲ 4.5% |
| Provisions and deferred taxes16 | - | €48k | €164k | €155k | €147k | ▼ 5.6% |
| Deferred taxes168 | - | €48k | €164k | €155k | €147k | ▼ 5.6% |
| Amounts payable17/49 | €1.92M | €5.67M | €6.60M | €7.70M | €8.76M | ▲ 13.8% |
| Amounts payable after more than one year17 | €1.34M | €3.58M | €3.48M | €3.47M | €2.90M | ▼ 16.5% |
| Financial debts170/4 | - | €3.58M | €3.48M | €3.47M | €2.90M | ▼ 16.5% |
| Amounts payable within one year42/48 | €575k | €2.10M | €3.11M | €4.23M | €5.86M | ▲ 38.6% |
| Current portion of amounts payable after more than one year42 | - | €444k | €474k | €571k | €573k | ▲ 0.4% |
| Financial debts43 | - | €13k | €13k | €0 | - | - |
| Credit institutions430/8 | - | €13k | €13k | €0 | - | - |
| Trade debts44 | €51k | €37k | - | €11k | €19k | ▲ 81.0% |
| Suppliers440/4 | - | €37k | - | €11k | €19k | ▲ 81.0% |
| Taxes, remuneration and social security45 | - | €15k | €2k | €0 | €836 | - |
| Taxes450/3 | - | €15k | €660 | €0 | €836 | - |
| Remuneration and social security454/9 | - | - | €1k | - | - | - |
| Other amounts payable47/48 | - | €1.59M | €2.63M | €3.65M | €5.27M | ▲ 44.4% |
| Accrued charges and deferred income492/3 | - | €1k | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5.02M | €840k | €394k | €943k | €345k | ▼ 63.5% |
| + Depreciation and write-downs630 | €21k | €41k | €175k | €210k | €216k | ▲ 2.9% |
| Operating cash flow (approximation) | €5.04M | €881k | €569k | €1.15M | €561k | ▼ 51.4% |
| Investment in fixed assets (approximation) | - | €-3.87M | €-469k | €-1.31M | €-163k | ▲ 87.6% |
| Change in cash | - | €-81k | €9k | €-9k | €-10k | ▼ 5.1% |
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
30-06
State Gazette act
Merger · Corporate purpose
Accounting effect · Shareholding
30-06
State Gazette act
Merger · Corporate purpose
Accounting effect
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
10-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Equity above €10MEq €10.23M ▲10.2%
6 profitable years in a row build equity to €10.23M.
2023
11-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
03-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
04-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Highest result since 2019net €5.02M ▲22,740%
Net result €5.02M, the highest in the series.
30-06
Financial
Liquidity quadruplescurrent ratio 1.22
Current ratio from 0.32 to 1.22; short-term debt falls from €5.29M to €575k.
30-06
Financial
Equity above €5MEq €8.05M ▲166%
3 profitable years in a row build equity to €8.05M.
11-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2020
30-06
Financial
Weakest financial yearnet €22k ▼38.9%
Net result drops to €22k, the lowest in the series; recovery starts the following year.
03-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
07-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 5 days late
2017
06-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 6 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are 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, Avelgem · 1 establishment unit since 2000
Ground area
3,198 m²
Building footprint
297 m²
Volume, LiDAR
1,485 m³
2 parcels, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
Leynseelstraat 152, 8580 Avelgem
since 20002.094.965.220
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34003A2117/00X000 | Flanders | 2,145 m² | 1 · 85 m² | 5.8 m · 1 fl. |
| 34003A2117/00P000 | Flanders | 1,053 m² | 1 · 212 m² | 7.3 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 6,533 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
Founded28-04-2000
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.