GVS20 is a wholesaler in Brugge. Private Limited, started on 28 March 2002, 1 establishment.

What is the address of GVS20?

The registered office of GVS20 is located at Gotevlietstraat 20, 8000 Brugge.

Is GVS20 still active?

Yes. According to the CBE (31 October 2026) GVS20 is active, legal situation “Normale toestand”, started on 28 March 2002.

Is GVS20 registered on Peppol?

Yes, GVS20 is registered on the Peppol network with ID 0208:0477144681.

What is the enterprise number of GVS20?

The enterprise number of GVS20 is BE0477144681.

When was GVS20 founded?

GVS20 was founded on 28 March 2002.

Who are the directors of GVS20?

According to the 2025 annual accounts, the directors of GVS20 are: Viek Seynhaeve.

Is GVS20 a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 28 March 2002; 4 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did GVS20 make in 2025?

GVS20 posted a profit after taxes of € 1,937 in financial year 2025.

What is the revenue of GVS20?

As a small company, GVS20 is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 42,261.

How much does an employee at GVS20 earn?

The average wage cost per full-time employee at GVS20 was € 39,000 in 2025: staff costs of € 39,032 for 1 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does GVS20 have?

According to the 2025 annual accounts, GVS20 has 1 full-time equivalents (FTE).

GVS20 (Private Limited) - Brugge - BE0477144681

Dossier GVS20, printed on 31 October 2026 from databakkes.be/en/0477144681/gvs20. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

GVS20 from Brugge, company number BE0477144681, closed financial year 2025 with a result of € 1,937 after tax. For that financial year GVS20 recorded a gross margin of € 42,261 and equity of € 27,459. Compared with financial year 2024, the result moved from € 5,835 to € 1,937. 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 August 28, 2026.

What it is worth Growing

€ 27,459

▲ 8% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 1,937

▼ 67% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 3,130

▼ 74% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 2,859.

People and assets in 2025

Full-time equivalents

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 39,032

▼ 1% vs 2024

€ 39,000 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.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 262

▼ 2% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 10,303

▲ 72% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 42,812 Gross margin 2022: € 42,812 First fiscal year in the series	€ 47,501 Gross margin 2023: € 47,501 ▲ 11% vs 2022 (€ 42,812) Favourable step	€ 46,813 Gross margin 2024: € 46,813 ▼ 1% vs 2023 (€ 47,501) Unfavourable step	€ 42,261 Gross margin 2025: € 42,261 ▼ 10% vs 2024 (€ 46,813) Unfavourable step	▼ 10%
Profit after taxes	€ 6,190 Profit after taxes 2022: € 6,190 First fiscal year in the series	€ 6,982 Profit after taxes 2023: € 6,982 ▲ 13% vs 2022 (€ 6,190) Favourable step	€ 5,835 Profit after taxes 2024: € 5,835 ▼ 16% vs 2023 (€ 6,982) Unfavourable step	€ 1,937 Profit after taxes 2025: € 1,937 ▼ 67% vs 2024 (€ 5,835) Unfavourable step	▼ 67%
Equity	€ 12,705 Equity 2022: € 12,705 First fiscal year in the series	€ 19,687 Equity 2023: € 19,687 ▲ 55% vs 2022 (€ 12,705) Favourable step	€ 25,523 Equity 2024: € 25,523 ▲ 30% vs 2023 (€ 19,687) Favourable step	€ 27,459 Equity 2025: € 27,459 ▲ 8% vs 2024 (€ 25,523) Favourable step	▲ 8%
Total debts	€ 20,606 Total debts 2022: € 20,606 First fiscal year in the series	€ 11,458 Total debts 2023: € 11,458 ▼ 44% vs 2022 (€ 20,606) Favourable step	€ 6,247 Total debts 2024: € 6,247 ▼ 45% vs 2023 (€ 11,458) Favourable step	€ 10,614 Total debts 2025: € 10,614 ▲ 70% vs 2024 (€ 6,247) Unfavourable step	▲ 70%
Cash	€ 7,118 Cash 2022: € 7,118 First fiscal year in the series	€ 5,284 Cash 2023: € 5,284 ▼ 26% vs 2022 (€ 7,118) Unfavourable step	€ 11,850 Cash 2024: € 11,850 ▲ 124% vs 2023 (€ 5,284) Favourable step	€ 3,130 Cash 2025: € 3,130 ▼ 74% vs 2024 (€ 11,850) Unfavourable step	▼ 74%
Retained profit	€ -11,895 Retained profit 2022: € -11,895 First fiscal year in the series	€ -4,913 Retained profit 2023: € -4,913 ▲ € 6,982 vs 2022 (€ -11,895) Favourable step	€ 923 Retained profit 2024: € 923 ▲ € 5,835 vs 2023 (€ -4,913) Favourable step	€ 2,859 Retained profit 2025: € 2,859 ▲ 210% vs 2024 (€ 923) Favourable step	▲ 210%
Balance sheet total	€ 33,311 Balance sheet total 2022: € 33,311 First fiscal year in the series	€ 31,145 Balance sheet total 2023: € 31,145 ▼ 7% vs 2022 (€ 33,311) Unchanged	€ 31,770 Balance sheet total 2024: € 31,770 ▲ 2% vs 2023 (€ 31,145) Unchanged	€ 38,073 Balance sheet total 2025: € 38,073 ▲ 20% vs 2024 (€ 31,770) Unchanged	▲ 20%
Employees (FTE)	-	-	-	1 Employees (FTE) 2025: 1 First fiscal year in the series

Key figures of GVS20, 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 GVS20?

What happened at GVS20 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Aug 28, 2026 New annual accounts for financial year 2025: profit of € 1,937 (▼ 67% vs 2024). filed late Source: NBB ↗
May 31, 2002 New establishment in Brugge. KBO
Mar 28, 2002 Start of the company according to the CBE. KBO

In short

From € 6,190 profit in 2022 to € 1,937 profit in 2025.

Paid € 1,413 in corporate taxes since 2022.

Best year ever: 2023, with € 6,982 profit.

On average € 42,300 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

LUNO 100%

The stake of LUNO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

GVS20

Behind GVS20 is Viek Seynhaeve. The shares are held by LUNO (100%).

Directors

According to the 2025 annual accounts

Viek Seynhaeve

Director

Also active at: LUNO, VIEKA

Shareholders

LUNO

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Gotevlietstraat 20

8000 Brugge

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 →

VIEKA same network

€ 313,473 gross margin · 2025

Jonge Vlaamse Steenhouwers

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0477.144.681

VAT number

BE 0477.144.681

Registered office

Gotevlietstraat 20, 8000 Brugge

Names & denominations

GVS20

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

28 March 2002

Peppol

Active · Active since 19 Sept 2025

Activities · NACE

Groothandel in gereedschapswerktuigen

Groothandel in machines voor de mijnbouw, de bouwnijverheid en de weg- en waterbouw

Overige adviesbureaus op het gebied van bedrijfsvoering en beheer

Handelsbemiddeling in machines, apparaten en werktuigen voor de industrie en in schepen en luchtvaartuigen

Overige zakelijke dienstverlening, n.e.g.

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies

Handelsbemiddeling in de groothandel in machines, apparaten en werktuigen voor de industrie en in schepen en luchtvaartuigen

Overige zakelijke dienstverlening, neg

View on CBE Public ↗ Annual accounts (NBB) ↗

GVS20

Financials

What happened to GVS20?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions