NORMAL SITUATION

GVS

Export PDF

Financial year 2025 · closed on 30/06/2025

Net result

2,4 k €

-99.2% YoY

Gross margin

-16,9 k €

-103.5% YoY

Equity

578,6 k €

+0.4% YoY

Company — Normal situation.

Strike-off: 25 juillet 2026

What does GVS do?

GVS is a Private limited company incorporated in 2004.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0866.072.220

Incorporation

30/06/2004

Legal form

Private limited company

Contributed capital

125 000,00 €

Latest accounts

30/06/2025

Signals

ProfitableSolid equityGood liquidityPositive cashflow

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	-16,9 k €	-104%	481 k €	+282%	125,8 k €	-55.4%	281,9 k €	+29.2%	218,1 k €	+14.4%	190,6 k €	-24.2%	251,6 k €	+9.4%	230 k €	-2.0%	234,8 k €	+15.1%	203,9 k €	-13.3%	235,3 k €	+18.7%	198,2 k €	+26.9%	156,2 k €	-13.8%	181,3 k €	+56.0%	116,2 k €	+356%	25,5 k €	+297%	-12,9 k €	-116%	83,1 k €	+12.9%	73,6 k €
EBITDA	-17,8 k €	-104%	431,9 k €	+269%	116,9 k €	-46.7%	219,3 k €	+37.7%	159,3 k €	+15.2%	138,2 k €	-39.5%	228,5 k €	+0.9%	226,5 k €	-1.1%	228,9 k €	+14.9%	199,1 k €	-0.2%	199,6 k €	+24.4%	160,5 k €	+5.2%	152,5 k €	-6.9%	163,9 k €	+72.1%	95,2 k €	+343%	21,5 k €	+207%	-20,1 k €	-125%	80,3 k €	+12.3%	71,4 k €
Operating result	-17,8 k €	-104%	431,4 k €	+2203%	18,7 k €	-80.2%	94,5 k €	+202%	31,3 k €	+141%	13 k €	-59.3%	31,9 k €	+80.1%	17,7 k €	-50.3%	35,6 k €	+34.9%	26,4 k €	+53.4%	17,2 k €	-31.6%	25,2 k €	-37.1%	40 k €	-52.6%	84,4 k €	+90.3%	44,4 k €	+229%	-34,4 k €	+55.5%	-77,2 k €	-341%	32,1 k €	+29.3%	24,8 k €
Net result	2,4 k €	-99.2%	292,2 k €	+3211%	8,8 k €	-87.3%	69,3 k €	+223%	21,5 k €	+573%	3,2 k €	-83.9%	19,9 k €	+265%	5,4 k €	-53.4%	11,7 k €	+46.3%	8 k €	+1379%	540,8 €	-90.6%	5,7 k €	-77.0%	25 k €	-65.1%	71,6 k €	+141%	29,7 k €	+159%	-50,7 k €	+46.2%	-94,3 k €	-1580%	6,4 k €	-14.0%	7,4 k €
Balance sheet
Equity	578,6 k €	+0.4%	576,2 k €	+103%	284 k €	+3.2%	275,2 k €	+33.7%	205,9 k €	+11.7%	184,4 k €	+1.8%	181,2 k €	+12.3%	161,3 k €	-19.7%	200,8 k €	+6.2%	189,1 k €	+4.4%	181,1 k €	+0.3%	180,6 k €	+3.3%	174,9 k €	+16.7%	149,9 k €	+309%	-71,7 k €	+29.3%	-101,4 k €	-100%	-50,6 k €	-216%	43,7 k €	+17.1%	37,3 k €
Total assets	583,5 k €	-7.3%	629,4 k €	+11.9%	562,6 k €	-16.5%	673,4 k €	-11.1%	757,2 k €	+7.3%	705,4 k €	-10.6%	788,7 k €	-3.7%	819,2 k €	-4.6%	858,6 k €	-17.1%	1 M €	+16.4%	889,2 k €	+19.0%	747,3 k €	+11.9%	668 k €	+23.8%	539,5 k €	+34.3%	401,6 k €	-6.0%	427,2 k €	-8.6%	467,3 k €	+8.0%	432,5 k €	-2.4%	443 k €
Cash	74,7 k €	-82.0%	414,9 k €	+748%	48,9 k €	+266%	13,4 k €	+25.4%	10,7 k €	-51.1%	21,8 k €	-37.3%	34,8 k €	+281%	9,1 k €	-91.2%	103,9 k €	-29.6%	147,6 k €	+581%	21,7 k €	-14.0%	25,2 k €	+73.4%	14,5 k €	-51.7%	30,1 k €		–		–		21,4 k €	+26.6%	16,9 k €	+916%	1,7 k €
Debts	4,9 k €	-90.5%	51,3 k €	-81.2%	273,7 k €	-31.1%	397,5 k €	-27.6%	548,8 k €	+6.3%	516,2 k €	-14.2%	601,8 k €	-8.5%	657,9 k €	+0.0%	657,8 k €	-22.2%	845,7 k €	+19.5%	707,8 k €	+26.0%	561,6 k €	+15.2%	487,5 k €	+26.6%	385,1 k €	-18.2%	470,6 k €	-9.0%	517,1 k €	+2.4%	504,8 k €	+30.7%	386,2 k €	-1.8%	393,2 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		1,0 ETP	-9.1%	1,1 ETP	+267%	0,3 ETP	-70.0%	1,0 ETP	0.0%	1,0 ETP		–		–		–		–

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 5 ended

Active mandates

STIJN GRUYAERT

Director · since 16 juin 2004

Active

Annick Tijtgat

Mandate

Active

Ended mandates

STIJN GRUYAERT

Administrator - manager · since 16 juin 2004

Ended

STIJN GRUYAERT

Manager · since 16 juin 2004

Ended

ANNICK TIJTGAT

Associate

Ended

Stijn Gruyaert

Mandate

Ended

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/01/2026	31/01/2025	31/01/2024	17/02/2023	27/01/2022	16/02/2021
General meeting	20/12/2025	21/12/2024	16/12/2023	17/12/2022	18/12/2021	06/02/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	20/12/2025	29/01/2026	Dutch	PDF
Micro model	30/06/2024	21/12/2024	31/01/2025	Dutch	PDF
Micro model	30/06/2023	16/12/2023	31/01/2024	Dutch	PDF
Micro model	30/06/2022	17/12/2022	17/02/2023	Dutch	PDF
Micro model	30/06/2021	18/12/2021	27/01/2022	Dutch	PDF
Micro model	30/06/2020	06/02/2021	16/02/2021	Dutch	PDF
Micro model	30/06/2019	21/12/2019	20/02/2020	Dutch	PDF
Micro model	30/06/2018	15/12/2018	31/01/2019	Dutch	PDF
Micro model	30/06/2017	16/12/2017	22/12/2017	Dutch	PDF
Abridged model	30/06/2016	17/12/2016	31/01/2017	Dutch	PDF
Abridged model	30/06/2015	19/12/2015	12/01/2016	Dutch	PDF
Abridged model	30/06/2014	20/12/2014	22/12/2014	Dutch	PDF
Abridged model	30/06/2013	31/12/2013	14/02/2014	Dutch	PDF
Abridged model	30/06/2012	15/12/2012	26/02/2013	Dutch	PDF
Abridged model	30/06/2011	17/12/2011	29/02/2012	Dutch	PDF
Abridged model	30/06/2010	31/12/2010	25/02/2011	Dutch	PDF
Abridged model	30/06/2009	31/12/2009	25/02/2010	Dutch	PDF
Abridged model	30/06/2008	20/12/2008	28/02/2009	Dutch	PDF
Abridged model	30/06/2007	19/01/2008	14/02/2008	Dutch	PDF
Abridged model	30/06/2006	16/12/2006	09/01/2007	Dutch	PDF

Estimate

Indicative valuation

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 30/06/2025 · 2 active · 5 ended

Active mandates

STIJN GRUYAERT

Director · since 16 juin 2004

Active

Annick Tijtgat

Mandate

Active

Ended mandates

STIJN GRUYAERT

Administrator - manager · since 16 juin 2004

Ended

STIJN GRUYAERT

Manager · since 16 juin 2004

Ended

ANNICK TIJTGAT

Associate

Ended

Stijn Gruyaert

Mandate

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other12/10/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Capital / shares05/03/2018
KAPITAAL - AANDELEN
PDF
Capital / shares20/10/2011
KAPITAAL - AANDELEN
PDF
Mandates27/03/2007
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office19/07/2005
MAATSCHAPPELIJKE ZETEL
PDF
Other08/07/2004
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 20252,4 k €↓
2024
Annual accounts 2024292,2 k €↑
2023
Annual accounts 20238,8 k €↓
2022
Annual accounts 202269,3 k €↑
2021
Annual accounts 202121,5 k €↑
2020
Annual accounts 20203,2 k €↓
2019
Annual accounts 201919,9 k €↑
2018
Annual accounts 20185,4 k €↓
2017
Annual accounts 201711,7 k €↑
2016
Annual accounts 20168 k €↑
2015
Annual accounts 2015540,8 €↓
2014
Annual accounts 20145,7 k €↓
2013
Annual accounts 201325 k €↓
2012
Annual accounts 201271,6 k €↑
2011
Annual accounts 201129,7 k €↑
2010
Annual accounts 2010-50,7 k €↑
2009
Annual accounts 2009-94,3 k €↓
2008
Annual accounts 20086,4 k €↓
2007
Annual accounts 20077,4 k €
30/06/2004
IncorporationPrivate 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

GVS

Overview

What does GVS do?

Trend over 19 financial years

Board of directors

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