Financials
Financial year 2025
GVO from Kortrijk, company number BE0454700564, closed financial year 2025 with a result of € 176,916 after tax. Compared with financial year 2024, the result moved from € 588,731 to € 176,916. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 25, 2026.
€ 3.8 million
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 176,916
▼ 70% vs 2024
Profit after tax over the fiscal year.
€ 2 million
▲ 86% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
10.8
▲ 1.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▲ 10% vs 2024
€ 110,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 97,016
▼ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.1 million
▼ 12% vs 2024
€ 83,830 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 937,302
▲ 57% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 106 days on average.
€ 233,927
▲ 10% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,106,028 | € 2,180,402 | € 1,983,452 | - | |
| Profit after taxes | € -85,385 | € 756,116 | € 588,731 | € 176,916 | ▼ 70% |
| Equity | € 2,363,840 | € 3,119,603 | € 3,647,237 | € 3,823,800 | ▲ 5% |
| Total debts | € 4,377,962 | € 4,272,926 | € 3,905,765 | € 4,110,217 | ▲ 5% |
| Cash | € 724,915 | € 1,140,997 | € 1,072,732 | € 1,991,433 | ▲ 86% |
| Land & buildings | € 1,034,707 | € 3,115,709 | € 2,933,805 | € 2,706,822 | ▼ 8% |
| Retained profit | € 2,096,909 | € 2,853,026 | € 3,381,013 | € 3,557,929 | ▲ 5% |
| Bank debt | € 1,592,850 | € 1,439,850 | € 1,286,850 | € 1,133,850 | ▼ 12% |
| Balance sheet total | € 6,741,900 | € 7,442,653 | € 7,553,002 | € 7,934,017 | ▲ 5% |
| Employees (FTE) | 9 | 10 | 9.4 | 10.8 | ▲ 1.4 |
Key figures of GVO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to GVO?
What happened at GVO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Bertine BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 176,916 (▼ 70% vs 2024). Source: NBB ↗
- Bertine BV became a director. NBB
- Zorg en Welzijn nv became a director. NBB
- New establishment in Kortrijk. KBO
- New establishment in Tielt. KBO
- Start of the company according to the CBE. KBO
In short
From € 85,385 loss in 2022 to € 176,916 profit in 2025.
Paid € 20,168 in corporate taxes since 2022.
Best year ever: 2023, with € 756,116 profit.
On average € 211,000 of value added per employee in 2024.
A new publication or filing at GVO? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind GVO is Zorg en Welzijn nv. Zorg en Welzijn nv is also behind ELISABETH AAN ZEE, Sint Vincentius, Sint Vincentius, Sint Jozef and O.L.V. van Lourdes.
Directors
According to the 2025 annual accounts
Director · represented by Roland Degadt
Also active at: ELISABETH AAN ZEE, Sint Vincentius, Sint Vincentius, Sint Jozef, O.L.V. van Lourdes, Sint Anna, Het Laar
since 2019
Director · represented by Bernard Ceriez
Also active at: ELISABETH AAN ZEE, Sint Vincentius, Sint Jozef, Sint Anna, Het Laar, In4Care Services
since 2026 · until 2029
Establishments
Establishment units
Physical locations of this company
't Hoge(Kor) 1 box 22
8500 Kortrijk
't Hoge(Kor) 1
8500 Kortrijk
Active since 3 January 2006
Tieltstraat 96
8760 Tielt
Active since 1 January 2006
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0454.700.564
- VAT number
- BE 0454.700.564
- Registered office
- 't Hoge(Kor) 1 bus 22, 8500 Kortrijk
- Names & denominations
- GVO
- Enterprise type
- Rechtspersoon
- Legal form
- Non-profit association
- Legal situation
- Normale toestand
- Start date
- 21 December 1994
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Overige verenigingen, neg
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