ACTIVE

GMVET

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Financial year 2025 · closed on 31/12/2025

Net result

15,6 k €

+97.1% YoY

Gross margin

38,9 k €

+2.3% YoY

Equity

198,8 k €

-8.3% YoY

What does GMVET do?

GMVET is a Private company with limited liability incorporated in 2009. Its main activity is: Veterinary activities. Its registered office is in Couvin.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0821.461.227

Incorporation

15/12/2009

Legal form

Private company with limited liability

Registered office

Chemin du Try Châlons 15
5660 Couvin · WallonieSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

75000Veterinary activities· main 75000Veterinary activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	38,9 k €	+2.3%	38 k €	-6.9%	40,9 k €	-39.6%	67,7 k €	+73.6%	39 k €	-57.4%	91,5 k €	+90.3%	48,1 k €	+4.6%	46 k €	-54.4%	100,8 k €	+62.5%	62 k €	+67.6%	37 k €	-57.9%	87,8 k €	+33.0%	66 k €	+1.1%	65,3 k €	+74.1%	37,5 k €	-41.6%	64,2 k €
EBITDA	37,7 k €	+11.5%	33,8 k €	-12.6%	38,6 k €	-42.4%	67 k €	+75.0%	38,3 k €	-57.8%	90,8 k €	+91.4%	47,4 k €	+10.8%	42,8 k €	-55.2%	95,5 k €	+62.6%	58,8 k €	+83.6%	32 k €	-39.9%	53,2 k €	+47.7%	36 k €	-22.2%	46,3 k €	+123%	20,7 k €	-55.5%	46,6 k €
Operating result	25,4 k €	+33.0%	19,1 k €	-41.7%	32,8 k €	-47.6%	62,6 k €	+154%	24,7 k €	-64.6%	69,7 k €	+146%	28,3 k €	+19.4%	23,7 k €	-68.9%	76,4 k €	+71.1%	44,7 k €	+169%	16,6 k €	-47.7%	31,8 k €	+116%	14,7 k €	-49.0%	28,8 k €	+783%	3,3 k €	-91.6%	39,1 k €
Net result	15,6 k €	+97.1%	7,9 k €	-65.7%	23 k €	-45.0%	41,8 k €	+153%	16,6 k €	-63.5%	45,4 k €	+147%	18,4 k €	+21.8%	15,1 k €	-66.5%	45,1 k €	+72.9%	26,1 k €	+170%	9,6 k €	-48.3%	18,6 k €	+134%	8 k €	-57.0%	18,5 k €	+7676%	-244 €	-101%	27,9 k €
Balance sheet
Equity	198,8 k €	-8.3%	216,7 k €	+3.8%	208,8 k €	-9.6%	230,9 k €	+7.3%	215,1 k €	+8.3%	198,6 k €	+29.6%	153,2 k €	+13.6%	134,8 k €	+12.6%	119,7 k €	+60.4%	74,6 k €	+53.7%	48,6 k €	+24.8%	38,9 k €	-35.4%	60,3 k €	+15.2%	52,3 k €	+54.7%	33,8 k €	-0.7%	34,1 k €
Total assets	244,4 k €	-7.7%	264,8 k €	-4.7%	277,8 k €	+7.3%	258,8 k €	+5.8%	244,5 k €	-3.8%	254,1 k €	+27.5%	199,4 k €	-15.3%	235,3 k €	-16.9%	283 k €	+58.5%	178,6 k €	+82.5%	97,9 k €	-13.2%	112,7 k €	-25.3%	151 k €	+18.3%	127,6 k €	+2.7%	124,2 k €	+31.6%	94,4 k €
Cash	27,5 k €	+68.4%	16,3 k €	+50.3%	10,9 k €	-24.6%	14,4 k €	+78.2%	8,1 k €	-64.0%	22,5 k €	+123%	10,1 k €	-62.9%	27,1 k €	+169%	10,1 k €	+24.8%	8,1 k €	-3.0%	8,3 k €	-35.0%	12,8 k €	-29.7%	18,2 k €	+17.8%	15,4 k €	+476%	2,7 k €	-78.4%	12,4 k €
Debts	45,7 k €	-5.1%	48,1 k €	-30.2%	68,9 k €	+273%	18,5 k €	-37.0%	29,4 k €	-47.2%	55,6 k €	+20.4%	46,2 k €	-54.1%	100,4 k €	-38.5%	163,3 k €	+57.1%	103,9 k €	+111%	49,3 k €	-33.2%	73,8 k €	-18.6%	90,7 k €	+20.5%	75,3 k €	-16.7%	90,4 k €	+49.9%	60,3 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		0,2 ETP	-81.8%	1,1 ETP	0.0%	1,1 ETP	0.0%	1,1 ETP	+37.5%	0,8 ETP	0.0%	0,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

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

Active mandates

BERNARD GAUTHIER

Administrator - manager

Active

NATHALIE MOREAU

Administrator - manager

Active

Ended mandates

BERNARD GAUTHIER

Manager

Ended

NATHALIE MOREAU

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
COUVIVET● Active	0560.796.491
IMMOVETS● Active	0503.850.365
Jo MacAdams● Active	1008.461.983
MGAUVET● Active	1042.514.131
Une Patte sur le Coeur● Active	1039.332.927

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	27/06/2026	25/06/2025	26/08/2024	26/06/2023	30/06/2022	27/08/2021
General meeting	15/06/2026	16/06/2025	17/06/2024	19/06/2023	27/06/2022	21/06/2021
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	15/06/2026	27/06/2026	French	PDF
Micro model	31/12/2024	16/06/2025	25/06/2025	French	PDF
Micro model	31/12/2023	17/06/2024	26/08/2024	French	PDF
Micro model	31/12/2022	19/06/2023	26/06/2023	French	PDF
Micro model	31/12/2021	27/06/2022	30/06/2022	French	PDF
Micro model	31/12/2020	21/06/2021	27/08/2021	French	PDF
Micro model	31/12/2019	15/06/2020	29/08/2020	French	PDF
Micro model	31/12/2018	17/06/2019	20/08/2019	French	PDF
Micro model	31/12/2017	18/06/2018	29/08/2018	French	PDF
Micro model	31/12/2016	19/06/2017	28/08/2017	French	PDF
Abridged model	31/12/2015	20/06/2016	16/07/2016	French	PDF
Abridged model	31/12/2014	15/06/2015	28/08/2015	French	PDF
Abridged model	31/12/2013	16/06/2014	16/07/2014	French	PDF
Abridged model	31/12/2012	17/06/2013	28/08/2013	French	PDF
Abridged model	31/12/2011	18/06/2012	26/09/2012	French	PDF
Abridged model	31/12/2010	20/06/2011	02/11/2011	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 2 ended

Active mandates

BERNARD GAUTHIER

Administrator - manager

Active

NATHALIE MOREAU

Administrator - manager

Active

Ended mandates

BERNARD GAUTHIER

Manager

Ended

NATHALIE MOREAU

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office01/06/2017
SIEGE SOCIAL
PDF
Mandates21/04/2015
DENOMINATION
PDF
Other17/12/2009
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 202515,6 k €↑
2024
Annual accounts 20247,9 k €↓
2023
Annual accounts 202323 k €↓
2022
Annual accounts 202241,8 k €↑
2021
Annual accounts 202116,6 k €↓
2020
Annual accounts 202045,4 k €↑
2019
Annual accounts 201918,4 k €↑
2018
Annual accounts 201815,1 k €↓
2017
Annual accounts 201745,1 k €↑
2016
Annual accounts 201626,1 k €↑
2015
Annual accounts 20159,6 k €↓
2014
Annual accounts 201418,6 k €↑
2014
Name changeGMVET
2013
Annual accounts 20138 k €↓
2012
Annual accounts 201218,5 k €↑
2011
Annual accounts 2011-244 €↓
2010
Annual accounts 201027,9 k €
2010
Name change@COUVIVET
15/12/2009
IncorporationPrivate company with limited liability

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

GMVET

Overview

What does GMVET do?

Trend over 16 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