ACTIVE

GVS20

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Financial year 2025 · closed on 31/12/2025
Net result
1,9 k €
-66.8% YoY
Gross margin
42,3 k €
-9.7% YoY
Equity
27,5 k €
+7.6% YoY
Workforce
1,0 ETP

What does GVS20 do?

GVS20 is a Private limited company incorporated in 2002. Its registered office is in Brugge. It employs on average 1,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0477.144.681
Incorporation
28/03/2002
Legal form
Private limited company
Registered office
Gotevlietstraat 20
8000 Brugge · FlandreSee on map
Contributed capital
24 600,00 €
Latest accounts
31/12/2025
Average workforce
1,0 ETP
Joint committees (3)
  • 14904
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross margin42,3 k €46,8 k €47,5 k €42,8 k €44,6 k €24,9 k €25,1 k €39,2 k €38,4 k €69,7 k €14,9 k €–-477 €5,2 k €-5,2 k €-38,7 k €132,1 k €125,1 k €65,6 k €
EBITDA2,7 k €6,6 k €7 k €6,2 k €5,3 k €6 k €-19,5 k €18,2 k €4,5 k €760,2 €1,1 k €3,7 k €-1,6 k €-10,9 k €-3,7 k €-62,8 k €49,7 k €50,7 k €69,2 k €
Operating result2,7 k €6,6 k €7 k €6,2 k €5,3 k €6 k €3,4 k €-4,7 k €4,5 k €760,2 €1,1 k €3,7 k €-2,1 k €-2,6 k €-6 k €-67,1 k €34,4 k €47,2 k €67,5 k €
Net result1,9 k €5,8 k €7 k €6,2 k €4,7 k €5,6 k €3,1 k €-3,7 k €4,3 k €556,4 €884,6 €2,6 k €-2,3 k €-3,2 k €-10,8 k €-22,6 k €27,9 k €42,3 k €52,2 k €
Balance sheet
Equity27,5 k €25,5 k €19,7 k €12,7 k €6,5 k €1,8 k €-3,9 k €-7 k €-3,2 k €-7,5 k €-8,1 k €-9 k €-11,5 k €-9,2 k €-6 k €4,8 k €27,4 k €34,5 k €61,2 k €
Total assets38,1 k €31,8 k €31,1 k €33,3 k €28,8 k €19,9 k €18,9 k €14 k €30,6 k €41,9 k €30 k €24,7 k €24,6 k €27 k €28,4 k €122,7 k €685,9 k €985 k €631,9 k €
Cash3,1 k €11,9 k €5,3 k €7,1 k €8,3 k €3,4 k €6,4 k €8,2 k €2,9 k €748 €898 €753,8 €286,7 €342,7 €1,4 k €3,5 k €57,7 k €100 k €138,4 k €
Debts10,6 k €6,2 k €11,5 k €10,6 k €21,9 k €17,9 k €22,5 k €21 k €33,8 k €43 k €38,1 k €29 k €26,6 k €26,8 k €24,9 k €105,4 k €583 k €715,5 k €444,2 k €
Other
Workforce1,0 ETP––––––––1,4 ETP0,3 ETP––––0,8 ETP0,3 ETP0,1 ETP–
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Viek Seynhaeve

Director

Active

Ended mandates

Viek Mark Seynhaeve

Director · since 18 mars 2002

Ended
LUNO

Director · until 30 juin 2009 · 0464.844.388

Represented by Viek Seynhaeve

Ended
LUNO

Director · 0464.844.388

Represented by Viek Seynhaeve

Ended
At this address

Other companies at this address

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Jonge Vlaamse Steenhouwers● Active
1004.462.813
VIEKA● Active
0883.232.312
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/07/202001/07/2019
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202130/06/2020
Length of the financial year12 months12 months12 months12 months18 months12 months
Filing date28/08/202620/08/202519/07/202420/07/202308/03/202201/02/2021
General meeting19/06/202620/06/202521/06/202416/06/202325/02/202211/12/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202519/06/202628/08/2026DutchPDF
Micro model31/12/202420/06/202520/08/2025DutchPDF
Micro model31/12/202321/06/202419/07/2024DutchPDF
Micro model31/12/202216/06/202320/07/2023DutchPDF
Micro model31/12/202125/02/202208/03/2022DutchPDF
Micro model30/06/202011/12/202001/02/2021DutchPDF
Micro model30/06/201913/12/201924/01/2020DutchPDF
Micro model30/06/201814/12/201831/01/2019DutchPDF
Micro model30/06/201708/12/201711/01/2018DutchPDF
Abridged model30/06/201609/12/201604/01/2017DutchPDF
Abridged model30/06/201511/12/201521/01/2016DutchPDF
Abridged model30/06/201412/12/201409/01/2015DutchPDF
Abridged model30/06/201313/12/201312/02/2014DutchPDF
Abridged model30/06/201214/12/201220/02/2013DutchPDF
Abridged model30/06/201109/12/201113/02/2012DutchPDF
Abridged model30/06/201010/12/201025/01/2011DutchPDF
Abridged model30/06/200911/12/200908/01/2010DutchPDF
Abridged model30/06/200812/12/200810/02/2009DutchPDF
Abridged model30/06/200714/12/200708/02/2008DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 1 active · 3 ended

Active mandates

Viek Seynhaeve

Director

Active

Ended mandates

Viek Mark Seynhaeve

Director · since 18 mars 2002

Ended
LUNO

Director · until 30 juin 2009 · 0464.844.388

Represented by Viek Seynhaeve

Ended
LUNO

Director · 0464.844.388

Represented by Viek Seynhaeve

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates03/03/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates02/09/2009
    BENAMING - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office03/04/2007
    MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares05/10/2005
    BOEKJAAR - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other12/08/2004
    DIVERSEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates19/07/2004
    MAATSCHAPPELIJKE ZETEL - BENAMING - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    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

Timeline

  1. 2025
    Annual accounts 20251,9 k €↓
  2. 2024
    Annual accounts 20245,8 k €↓
  3. 2023
    Annual accounts 20237 k €↑
  4. 2022
    Annual accounts 20226,2 k €↑
  5. 2021
    Annual accounts 20214,7 k €↓
  6. 2020
    Annual accounts 20205,6 k €↑
  7. 2019
    Annual accounts 20193,1 k €↑
  8. 2018
    Annual accounts 2018-3,7 k €↓
  9. 2017
    Annual accounts 20174,3 k €↑
  10. 2016
    Annual accounts 2016556,4 €↓
  11. 2015
    Annual accounts 2015884,6 €↓
  12. 2014
    Annual accounts 20142,6 k €↑
  13. 2013
    Annual accounts 2013-2,3 k €↑
  14. 2012
    Annual accounts 2012-3,2 k €↑
  15. 2011
    Annual accounts 2011-10,8 k €↑
  16. 2010
    Annual accounts 2010-22,6 k €↓
  17. 2009
    Annual accounts 200927,9 k €↓
  18. 2008
    Annual accounts 200842,3 k €↓
  19. 2007
    Annual accounts 200752,2 k €
  20. 28/03/2002
    IncorporationPrivate limited company