ACTIVE

GHLV

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Financial year 2025 · closed on 31/12/2025

Net result

110,7 k €

+3.9% YoY

Gross margin

649,4 k €

+4.7% YoY

Equity

298,8 k €

+17.3% YoY

What does GHLV do?

GHLV is a Private limited company incorporated in 2004. Its main activity is: Restaurants and mobile food service activities. Its registered office is in Genappe.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0869.994.384

Incorporation

16/11/2004

Legal form

Private limited company

Registered office

Rue de Nivelles 19 box A
1476 Genappe · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

56101Restaurants and mobile food service activities· main 56111Restaurants and mobile food service activities 74142Specialised design activities 56102Restaurants and mobile food service activities 56112Restaurants and mobile food service activities 56210Event catering activities+8

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 21 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006		2005
Income statement
Gross margin	649,4 k €	+4.7%	620,4 k €	+4.8%	591,9 k €	+22.1%	484,8 k €	+63.2%	297,1 k €	+500%	49,5 k €	-44.0%	88,3 k €	+0.3%	88,1 k €	-29.5%	124,9 k €	+27.9%	97,6 k €	+14.0%	85,7 k €	-1.3%	86,8 k €	-10.2%	96,7 k €	-1.5%	98,1 k €	+59.4%	61,6 k €	+49.8%	41,1 k €	+17.0%	35,1 k €	+539%	5,5 k €	-59.3%	13,5 k €	+45.1%	9,3 k €	-48.6%	18,1 k €
EBITDA	179,6 k €	+6.3%	168,9 k €	+6.1%	159,1 k €	+59.2%	99,9 k €	-11.0%	112,3 k €	+586%	16,4 k €	-55.6%	36,9 k €	+15.9%	31,8 k €	-47.8%	60,9 k €	+25.9%	48,4 k €	+2334%	2 k €	-53.0%	4,2 k €	-70.0%	14,1 k €	+31.3%	10,7 k €	-18.2%	13,1 k €	+242%	3,8 k €	-56.7%	8,9 k €	+215%	2,8 k €	-71.6%	9,9 k €	+7026%	138,7 €	-97.0%	4,6 k €
Operating result	167,2 k €	+6.2%	157,4 k €	+4.5%	150,6 k €	+58.5%	95 k €	-13.2%	109,5 k €	+626%	15,1 k €	-58.4%	36,2 k €	+20.2%	30,2 k €	-38.9%	49,4 k €	+4.8%	47,1 k €	+4045%	1,1 k €	-66.3%	3,4 k €	-73.4%	12,7 k €	+40.5%	9 k €	-9.2%	9,9 k €	+628%	1,4 k €	-79.6%	6,7 k €	+152%	2,7 k €	-72.7%	9,7 k €	+45630%	-21,4 €	-101%	3,8 k €
Net result	110,7 k €	+3.9%	106,5 k €	+4.8%	101,6 k €	+71.0%	59,4 k €	-29.2%	83,9 k €	+764%	9,7 k €	-56.8%	22,5 k €	+28.6%	17,5 k €	-17.4%	21,2 k €	-24.4%	28 k €	+101617%	27,6 €	+103%	-907,2 €	-116%	5,6 k €	+83.4%	3,1 k €	+17.4%	2,6 k €	+194%	-2,8 k €	-33.0%	-2,1 k €	+11.5%	-2,4 k €	+18.7%	-2,9 k €	+3.3%	-3 k €	-303%	1,5 k €
Balance sheet
Equity	298,8 k €	+17.3%	254,8 k €	+32.5%	192,3 k €	+21.9%	157,7 k €	-21.2%	200,2 k €	+72.2%	116,3 k €	+9.1%	106,5 k €	+26.8%	84 k €	+26.3%	66,6 k €	+46.7%	45,4 k €	+161%	17,4 k €	+0.2%	17,3 k €	-5.0%	18,2 k €	+44.3%	12,6 k €	+31.8%	9,6 k €	+37.2%	7 k €	-28.4%	9,8 k €	-17.6%	11,8 k €	-16.6%	14,2 k €	+29.2%	11 k €	-21.4%	14 k €
Total assets	426,3 k €	+20.1%	354,9 k €	+12.2%	316,4 k €	+6.3%	297,8 k €	+37.3%	216,9 k €	+79.0%	121,2 k €	-7.9%	131,6 k €	+6.9%	123,1 k €	-2.3%	126 k €	+51.6%	83,1 k €	+62.5%	51,2 k €	-7.3%	55,2 k €	-7.9%	59,9 k €	+3.2%	58,1 k €	+9.2%	53,2 k €	+17.9%	45,1 k €	+20.5%	37,4 k €	-10.8%	41,9 k €	+23.5%	34 k €	-25.2%	45,4 k €	+39.4%	32,6 k €
Cash	270,7 k €	+9.0%	248,3 k €	+22.6%	202,5 k €	+8.5%	186,6 k €	+23.1%	151,6 k €	+244%	44,1 k €	-15.2%	51,9 k €	-46.3%	96,8 k €	+50.2%	64,5 k €	+18.8%	54,3 k €	+609%	7,7 k €	+39.6%	5,5 k €	+141%	2,3 k €		–		2,4 k €		–		3,7 k €	+62.8%	2,3 k €	+841%	242,1 €	-95.1%	5 k €	+259%	1,4 k €
Debts	126,2 k €	+27.6%	98,9 k €	-14.9%	116,2 k €	-16.4%	139 k €	+826%	15 k €	+205%	4,9 k €	-77.2%	21,6 k €	-40.4%	36,3 k €	-36.0%	56,6 k €	+62.1%	35 k €	+12.7%	31 k €	-11.6%	35,1 k €	+10.9%	31,6 k €	-17.1%	38,1 k €	-2.2%	39 k €	+2.3%	38,1 k €	+37.7%	27,7 k €	-8.1%	30,1 k €	+52.2%	19,8 k €	-40.4%	33,2 k €	+78.3%	18,6 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	+66.7%	1,2 ETP	+100%	0,6 ETP	0.0%	0,6 ETP		–		–		–		0,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

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

Active mandates

Manon VAN CROMBRUGGE

Director · since 01 octobre 2021

Active

Maxence VAN CROMBRUGGE

Director · since 16 novembre 2004

Active

Ended mandates

Maxence VAN CROMBRUGGE

Manager · since 16 novembre 2004

Ended

Maxence VAN CROMBRUGGE

Manager

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	01/01/2025	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	28/08/2026	03/07/2025	10/06/2024	07/07/2023	04/07/2022	31/08/2021
General meeting	04/06/2026	05/06/2025	06/06/2024	01/06/2023	02/06/2022	03/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	04/06/2026	28/08/2026	French	PDF
Micro model	31/12/2024	05/06/2025	03/07/2025	French	PDF
Micro model	31/12/2023	06/06/2024	10/06/2024	French	PDF
Micro model	31/12/2022	01/06/2023	07/07/2023	French	PDF
Micro model	31/12/2021	02/06/2022	04/07/2022	French	PDF
Micro model	31/12/2020	03/06/2021	31/08/2021	French	PDF
Micro model	31/12/2019	15/05/2020	13/08/2020	French	PDF
Micro model	31/12/2018	15/05/2019	20/08/2019	French	PDF
Micro model	31/12/2017	15/05/2018	24/08/2018	French	PDF
Micro model	31/12/2016	15/05/2017	22/08/2017	French	PDF
Abridged model	31/12/2015	17/05/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	15/05/2015	28/08/2015	French	PDF
Abridged model	31/12/2013	15/05/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	15/05/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	15/05/2012	31/07/2012	French	PDF
Abridged model	31/12/2010	16/05/2011	29/06/2011	French	PDF
Abridged model	31/12/2009	15/05/2010	30/08/2010	French	PDF
Abridged model	31/12/2008	15/05/2009	31/08/2009	French	PDF
Abridged model	31/12/2007	15/05/2008	15/08/2008	French	PDF
Abridged model	31/12/2006	15/05/2007	19/05/2008	French	PDF
Abridged model	31/12/2005	15/05/2006	06/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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

Manon VAN CROMBRUGGE

Director · since 01 octobre 2021

Active

Maxence VAN CROMBRUGGE

Director · since 16 novembre 2004

Active

Ended mandates

Maxence VAN CROMBRUGGE

Manager · since 16 novembre 2004

Ended

Maxence VAN CROMBRUGGE

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/11/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates26/08/2020
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION - SIEGE SOCIAL - CAPITAL, ACTIONS - ASSEMBLEE GENERALE
PDF
Mandates24/12/2019
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - OBJET - DEMISSIONS, NOMINATIONS
PDF
Registered office24/12/2004
SIEGE SOCIAL
PDF
Other26/11/2004
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 2025110,7 k €↑
2024
Annual accounts 2024106,5 k €↑
2023
Annual accounts 2023101,6 k €↑
2022
Annual accounts 202259,4 k €↓
2021
Annual accounts 202183,9 k €↑
2020
Annual accounts 20209,7 k €↓
2020
Name changeGHLV SRL
2019
Annual accounts 201922,5 k €↑
2018
Annual accounts 201817,5 k €↓
2017
Annual accounts 201721,2 k €↓
2016
Annual accounts 201628 k €↑
2015
Annual accounts 201527,6 €↑
2014
Annual accounts 2014-907,2 €↓
2013
Annual accounts 20135,6 k €↑
2012
Annual accounts 20123,1 k €↑
2011
Annual accounts 20112,6 k €↑
2010
Annual accounts 2010-2,8 k €↓
2009
Annual accounts 2009-2,1 k €↑
2008
Annual accounts 2008-2,4 k €↑
2007
Annual accounts 2007-2,9 k €↑
2006
Annual accounts 2006-3 k €↓
2005
Annual accounts 20051,5 k €
2005
Name changeCréaktion
16/11/2004
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

GHLV

Overview

What does GHLV do?

Trend over 21 financial years

Indicative valuation

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