ACTIVE

GAVINAS

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Financial year 2025 · closed on 31/12/2025

Net result

390,1 k €

-10.3% YoY

Gross margin

38,5 k €

-61.7% YoY

Equity

14,1 M €

+2.8% YoY

What does GAVINAS do?

GAVINAS is a Public limited company incorporated in 1989. Its main activity is: Management consultancy activities. Its registered office is in Braine-l'Alleud.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0437.905.906

Incorporation

05/07/1989

Legal form

Public limited company

Registered office

Rue du Charron 284
1420 Braine-l'Alleud · WallonieSee on map

Contributed capital

5 500 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	38,5 k €	-61.7%	100,5 k €	-45.2%	183,6 k €	+0.3%	183 k €	+2.4%	178,8 k €	+189%	61,9 k €	-22.1%	79,5 k €	+53.2%	51,9 k €	+426%	-15,9 k €	+34.4%	-24,3 k €	-282%	-6,4 k €	+69.0%	-20,5 k €	-106%	351,3 k €	-0.8%	354 k €	-0.1%	354,4 k €	-71.1%	1,2 M €	+65.5%	741 k €	-21.4%	942,5 k €	-50.1%	1,9 M €	+58.7%	1,2 M €
EBITDA	37,5 k €	-62.3%	99,6 k €	-45.5%	182,6 k €	+0.3%	182,2 k €	+2.4%	177,9 k €	+191%	61,1 k €	-22.4%	78,6 k €	+153%	31 k €	+110%	-315,2 k €	-188754%	-166,9 €	+97.7%	-7,2 k €	+66.2%	-21,4 k €	-106%	351,3 k €	+6.8%	329 k €	-7.2%	354,4 k €	-71.1%	1,2 M €	+65.5%	741 k €	-21.4%	942,5 k €	-50.1%	1,9 M €	+58.8%	1,2 M €
Operating result	37,5 k €	-62.3%	99,6 k €	-45.5%	182,6 k €	+0.3%	182,2 k €	+2.4%	177,9 k €	+191%	61,1 k €	-22.4%	78,6 k €	+153%	31 k €	+110%	-315,2 k €	-188754%	-166,9 €	+97.7%	-7,2 k €	+66.2%	-21,4 k €	-106%	351,3 k €	+6.8%	329 k €	-7.2%	354,4 k €	-71.1%	1,2 M €	+65.5%	741 k €	-21.4%	942,5 k €	-50.1%	1,9 M €	+58.8%	1,2 M €
Net result	390,1 k €	-10.3%	434,8 k €	-83.3%	2,6 M €	+3502%	72,5 k €	+3.9%	69,8 k €	+116%	-433,5 k €	-687%	73,9 k €	-86.2%	536,4 k €	+287%	-286,5 k €	-930%	34,5 k €	-97.8%	1,6 M €	+182%	556,9 k €	-36.6%	879,1 k €	-24.9%	1,2 M €	+5.0%	1,1 M €	+37.0%	813,4 k €	+28.3%	634,1 k €	-27.3%	872,5 k €	-51.3%	1,8 M €	+53.2%	1,2 M €
Balance sheet
Equity	14,1 M €	+2.8%	13,7 M €	+3.3%	13,3 M €	+24.4%	10,7 M €	+0.7%	10,6 M €	+0.7%	10,6 M €	-27.6%	14,6 M €	+0.5%	14,5 M €	+3.8%	14 M €	-2.0%	14,3 M €	-12.1%	16,2 M €	+10.0%	14,7 M €	+3.9%	14,2 M €	+5.8%	13,4 M €	+4.0%	12,9 M €	+388%	2,6 M €	+44.5%	1,8 M €	+12.9%	1,6 M €	+11.9%	1,4 M €	+25.3%	1,2 M €
Total assets	15 M €	-0.4%	15,1 M €	+0.5%	15 M €	-0.2%	15 M €	+0.4%	15 M €	-6.2%	16 M €	-1.8%	16,2 M €	+2.1%	15,9 M €	+3.8%	15,3 M €	-11.5%	17,3 M €	-0.4%	17,4 M €	+14.8%	15,1 M €	+3.8%	14,6 M €	-2.0%	14,9 M €	+5.5%	14,1 M €	+251%	4 M €	+15.2%	3,5 M €	-12.8%	4 M €	-4.3%	4,2 M €	+39.8%	3 M €
Cash	38,9 k €	-13.6%	45,1 k €	-73.2%	168,1 k €	-33.1%	251,3 k €	+15.5%	217,5 k €	+1210%	16,6 k €	+111%	7,9 k €	+1010%	707,3 €	-94.9%	13,8 k €	+104%	6,8 k €	+28.9%	5,2 k €	+215%	1,7 k €	-76.2%	7 k €	+590%	1 k €	-70.4%	3,4 k €	+470%	599,6 €	-89.2%	5,6 k €	+272%	1,5 k €	-96.7%	45,9 k €	+67.4%	27,4 k €
Debts	839,5 k €	-35.3%	1,3 M €	-22.0%	1,7 M €	-61.4%	4,3 M €	-0.4%	4,3 M €	-19.7%	5,4 M €	+226%	1,7 M €	+18.2%	1,4 M €	+2.3%	1,4 M €	-55.4%	3,1 M €	+169%	1,1 M €	+213%	363,5 k €	+0.6%	361,5 k €	-74.9%	1,4 M €	+20.2%	1,2 M €	-12.8%	1,4 M €	-17.0%	1,7 M €	-30.3%	2,4 M €	-13.0%	2,7 M €	+49.0%	1,8 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 19 ended

Active mandates

Anne Dorthu

Managing director · since 04 août 2020 · until 28 mai 2032

Active

Vincent Gaye

Managing director · since 04 août 2020 · until 28 mai 2032

Active

Ended mandates

Anne Dorthu

Managing director · since 04 août 2020 · until 29 mai 2026

Ended

Vincent Gaye

Managing director · since 04 août 2020 · until 29 mai 2026

Ended

Anne Dorthu

Managing director · since 01 juillet 2020 · until 29 mai 2026

Ended

Vincent Gaye

Managing director · since 01 juillet 2020 · until 29 mai 2026

Ended

At this address

Other companies at this address

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VINCENT GAYE COMPANY● Active	0408.065.340

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	25/06/2026	18/07/2025	19/07/2024	22/06/2023	14/07/2022	23/06/2021
General meeting	29/05/2026	27/06/2025	30/06/2024	26/05/2023	30/06/2022	28/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/05/2026	25/06/2026	French	PDF
Abridged model	31/12/2024	27/06/2025	18/07/2025	French	PDF
Abridged model	31/12/2023	30/06/2024	19/07/2024	French	PDF
Abridged model	31/12/2022	26/05/2023	22/06/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	14/07/2022	French	PDF
Abridged model	31/12/2020	28/05/2021	23/06/2021	French	PDF
Abridged modelCorrection	31/12/2019	04/08/2020	30/09/2020	French	PDF
Abridged model	31/12/2019	04/08/2020	01/09/2020	French	PDF
Abridged model	31/12/2018	28/06/2019	24/07/2019	French	PDF
Abridged model	31/12/2017	29/06/2018	31/07/2018	French	PDF
Abridged model	31/12/2016	26/05/2017	04/07/2017	French	PDF
Abridged model	31/12/2015	27/05/2016	20/06/2016	French	PDF
Abridged model	31/12/2014	29/05/2015	12/06/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	03/07/2014	French	PDF
Abridged model	31/12/2012	09/04/2013	15/05/2013	French	PDF
Abridged model	31/12/2011	12/07/2012	29/08/2012	Dutch	PDF
Abridged model	31/12/2010	05/08/2011	31/08/2011	French	PDF
Abridged model	31/10/2009	09/04/2010	28/05/2010	French	PDF
Abridged model	31/10/2008	10/04/2009	22/04/2009	French	PDF
Abridged model	31/10/2007	11/04/2008	05/06/2008	Dutch	PDF
Abridged model	31/10/2006	13/04/2007	02/05/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 19 ended

Active mandates

Anne Dorthu

Managing director · since 04 août 2020 · until 28 mai 2032

Active

Vincent Gaye

Managing director · since 04 août 2020 · until 28 mai 2032

Active

Ended mandates

Anne Dorthu

Managing director · since 04 août 2020 · until 29 mai 2026

Ended

Vincent Gaye

Managing director · since 04 août 2020 · until 29 mai 2026

Ended

Anne Dorthu

Managing director · since 01 juillet 2020 · until 29 mai 2026

Ended

Vincent Gaye

Managing director · since 01 juillet 2020 · until 29 mai 2026

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/07/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates13/11/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates06/11/2020
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Restructuring02/07/2018
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring05/04/2018
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Capital / shares20/01/2017
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates01/08/2014
DEMISSIONS, NOMINATIONS
PDF
Capital / shares01/02/2012
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025390,1 k €↓
2024
Annual accounts 2024434,8 k €↓
2023
Annual accounts 20232,6 M €↑
2022
Annual accounts 202272,5 k €↑
2021
Annual accounts 202169,8 k €↑
2020
Annual accounts 2020-433,5 k €↓
2019
Annual accounts 201973,9 k €↓
2018
Annual accounts 2018536,4 k €↑
2017
Annual accounts 2017-286,5 k €↓
2016
Annual accounts 201634,5 k €↓
2015
Annual accounts 20151,6 M €↑
2014
Annual accounts 2014556,9 k €↓
2013
Annual accounts 2013879,1 k €↓
2012
Annual accounts 20121,2 M €↑
2011
Annual accounts 20111,1 M €↑
2010
Annual accounts 2010813,4 k €↑
2009
Annual accounts 2009634,1 k €↓
2008
Annual accounts 2008872,5 k €↓
2007
Annual accounts 20071,8 M €↑
2006
Annual accounts 20061,2 M €
05/07/1989
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

GAVINAS

Overview

What does GAVINAS do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline