What does GVD PALEN do?

GVD PALEN is filed with the CBE under the catch-all “Overige gespecialiseerde bouwactiviteiten”, a code that says little about what the company actually does. Public Limited, started on 30 November 2017, 1 establishment.

What is the address of GVD PALEN?

The registered office of GVD PALEN is located at Molenhoekstraat 65, 8400 Oostende.

Is GVD PALEN still active?

Yes. According to the CBE (30 October 2026) GVD PALEN is active, legal situation “Normale toestand”, started on 30 November 2017.

Is GVD PALEN registered on Peppol?

Yes, GVD PALEN is registered on the Peppol network with ID 0208:0685492961.

What is the enterprise number of GVD PALEN?

The enterprise number of GVD PALEN is BE0685492961.

When was GVD PALEN founded?

GVD PALEN was founded on 30 November 2017.

Who are the directors of GVD PALEN?

According to the 2025 annual accounts, the directors of GVD PALEN are: Norman bv, Samen Top bv, Pyxis bv.

Is GVD PALEN a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 30 November 2017; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did GVD PALEN make in 2025?

GVD PALEN recorded a loss after taxes of € 118,575 in financial year 2025.

What is the revenue of GVD PALEN?

As a small company, GVD PALEN is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 1,392,767.

How much does an employee at GVD PALEN earn?

The average wage cost per full-time employee at GVD PALEN was € 76,500 in 2025: staff costs of € 1.1 million for 14.3 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does GVD PALEN have?

According to the 2025 annual accounts, GVD PALEN has 14.3 full-time equivalents (FTE).

GVD PALEN (Public Limited) - Oostende - BE0685492961

Dossier GVD PALEN, printed on 30 October 2026 from databakkes.be/en/0685492961/gvd-palen. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

GVD PALEN from Oostende, company number BE0685492961, closed financial year 2025 with a result of € -118,575 after tax. For that financial year GVD PALEN recorded a gross margin of € 1.4 million and equity of € 422,097. Compared with financial year 2024, the result moved from € 124,920 to € -118,575. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 4, 2026.

What it is worth Healthy

€ 422,097

▼ 22% vs 2024

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

Loss Caution

€ -118,575

▼ still € 124,920 profit in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 8,880

▼ 92% vs 2024

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

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 272,097.

People and assets in 2025

Full-time equivalents

14.3

▲ 2 vs 2024

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

Wage cost

€ 1.1 million

▲ 22% vs 2024

€ 76,500 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.

Vehicles and equipment

€ 1.2 million

▼ 17% vs 2024

Of which on lease € 1.2 million.

Debts at end 2025

Bank debt ≈ 5 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 1.6 million

▼ 6% vs 2024

€ 253,932 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.

Owed to suppliers

€ 950,507

▲ 49% vs 2024

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

Taxes and wages

€ 37,321

▲ 14% 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	€ 1,031,187 Gross margin 2022: € 1,031,187 First fiscal year in the series	€ 1,043,774 Gross margin 2023: € 1,043,774 ▲ 1% vs 2022 (€ 1,031,187) Favourable step	€ 1,249,024 Gross margin 2024: € 1,249,024 ▲ 20% vs 2023 (€ 1,043,774) Favourable step	€ 1,392,767 Gross margin 2025: € 1,392,767 ▲ 12% vs 2024 (€ 1,249,024) Favourable step	▲ 12%
Profit after taxes	€ 93,406 Profit after taxes 2022: € 93,406 First fiscal year in the series	€ 134,392 Profit after taxes 2023: € 134,392 ▲ 44% vs 2022 (€ 93,406) Favourable step	€ 124,920 Profit after taxes 2024: € 124,920 ▼ 7% vs 2023 (€ 134,392) Unfavourable step	€ -118,575 Profit after taxes 2025: € -118,575 ▼ € 243,495 vs 2024 (€ 124,920) Unfavourable step	▼ € 243,495
Equity	€ 440,671 Equity 2022: € 440,671 First fiscal year in the series	€ 490,671 Equity 2023: € 490,671 ▲ 11% vs 2022 (€ 440,671) Favourable step	€ 540,671 Equity 2024: € 540,671 ▲ 10% vs 2023 (€ 490,671) Favourable step	€ 422,097 Equity 2025: € 422,097 ▼ 22% vs 2024 (€ 540,671) Unfavourable step	▼ 22%
Total debts	€ 1,329,130 Total debts 2022: € 1,329,130 First fiscal year in the series	€ 1,282,294 Total debts 2023: € 1,282,294 ▼ 4% vs 2022 (€ 1,329,130) Favourable step	€ 2,493,588 Total debts 2024: € 2,493,588 ▲ 94% vs 2023 (€ 1,282,294) Unfavourable step	€ 2,648,404 Total debts 2025: € 2,648,404 ▲ 6% vs 2024 (€ 2,493,588) Unfavourable step	▲ 6%
Cash	€ 27,816 Cash 2022: € 27,816 First fiscal year in the series	€ 50,624 Cash 2023: € 50,624 ▲ 82% vs 2022 (€ 27,816) Favourable step	€ 118,242 Cash 2024: € 118,242 ▲ 134% vs 2023 (€ 50,624) Favourable step	€ 8,880 Cash 2025: € 8,880 ▼ 92% vs 2024 (€ 118,242) Unfavourable step	▼ 92%
Retained profit	€ 290,671 Retained profit 2022: € 290,671 First fiscal year in the series	€ 340,671 Retained profit 2023: € 340,671 ▲ 17% vs 2022 (€ 290,671) Favourable step	€ 390,671 Retained profit 2024: € 390,671 ▲ 15% vs 2023 (€ 340,671) Favourable step	€ 272,097 Retained profit 2025: € 272,097 ▼ 30% vs 2024 (€ 390,671) Unfavourable step	▼ 30%
Dividend	€ 43,406 Dividend 2022: € 43,406 First fiscal year in the series	€ 84,392 Dividend 2023: € 84,392 ▲ 94% vs 2022 (€ 43,406) Unchanged	€ 74,920 Dividend 2024: € 74,920 ▼ 11% vs 2023 (€ 84,392) Unchanged	€ 0 Dividend 2025: € 0 ▼ 100% vs 2024 (€ 74,920) Unchanged	▼ 100%
Bank debt	€ 165,717 Bank debt 2022: € 165,717 First fiscal year in the series	€ 359,726 Bank debt 2023: € 359,726 ▲ 117% vs 2022 (€ 165,717) Unfavourable step	€ 1,694,558 Bank debt 2024: € 1,694,558 ▲ € 1.3 million vs 2023 (€ 359,726) Unfavourable step	€ 1,588,677 Bank debt 2025: € 1,588,677 ▼ 6% vs 2024 (€ 1,694,558) Favourable step	▼ 6%
Balance sheet total	€ 1,769,801 Balance sheet total 2022: € 1,769,801 First fiscal year in the series	€ 1,772,966 Balance sheet total 2023: € 1,772,966 Unchanged (€ 1,769,801) Unchanged	€ 3,034,259 Balance sheet total 2024: € 3,034,259 ▲ 71% vs 2023 (€ 1,772,966) Unchanged	€ 3,070,501 Balance sheet total 2025: € 3,070,501 ▲ 1% vs 2024 (€ 3,034,259) Unchanged	▲ 1%
Employees (FTE)	11.6 Employees (FTE) 2022: 11.6 First fiscal year in the series	11.6 Employees (FTE) 2023: 11.6 Unchanged (11.6) Unchanged	12.3 Employees (FTE) 2024: 12.3 ▲ 0.7 vs 2023 (11.6) Unchanged	14.3 Employees (FTE) 2025: 14.3 ▲ 2 vs 2024 (12.3) Unchanged	▲ 2

Key figures of GVD PALEN, 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 GVD PALEN?

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

Jun 4, 2026 New annual accounts for financial year 2025: loss of € 118,575 (▼ € 243,495 vs 2024). Source: NBB ↗
2024 Norman bv became a director. NBB
2024 Samen Top bv became a director. NBB
2024 Pyxis bv became a director. NBB
Feb 1, 2018 New establishment in Gistel. KBO
Nov 30, 2017 Start of the company according to the CBE. KBO

In short

From € 93,406 profit in 2022 to € 118,575 loss in 2025.

Paid € 98,329 in corporate taxes since 2022.

Best year ever: 2023, with € 134,392 profit.

On average € 97,400 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

NORMAN 33.3%

PYXIS 33.3%

Samen Top 33%

The stake of NORMAN, PYXIS, Samen Top comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

GVD PALEN

Behind GVD PALEN are Norman bv, Samen Top bv and Pyxis bv. The shares are held by NORMAN (33.3%), PYXIS (33.3%) and Samen Top (33%).

Directors

According to the 2025 annual accounts

Norman bv

Director · represented by Tom Smet

Also active at: CHIAVEROTTI, CVR

since 2024

Samen Top bv

Managing director · represented by Joeri Ameloot

since 2024

Pyxis bv

Director · represented by Nicolas Smet

Also active at: CHIAVEROTTI, CVR

since 2024

Shareholders

NORMAN

33.3%

PYXIS

33.3%

Samen Top

33%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Molenhoekstraat 65

8400 Oostende

2.273.323.771

Dorpsstraat 36

8470 Gistel

Active since 1 February 2018

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.

All companies at this address →

Samen Top same network

€ 294,547 gross margin · 2025

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

Details

Company number

0685.492.961

VAT number

BE 0685.492.961

Registered office

Molenhoekstraat 65, 8400 Oostende

Names & denominations

GVD PALEN

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

30 November 2017

Peppol

Active · Active since 27 Mar 2026

Activities · NACE

Overige gespecialiseerde bouwactiviteiten, neg

Overige gespecialiseerde bouwwerkzaamheden

View on CBE Public ↗ Annual accounts (NBB) ↗

GVD PALEN

Financials

What happened to GVD PALEN?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions