Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 44 % of short-term debt in 2025; threshold 65 %.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
GVE Europe from Nivelles, company number BE0782439018, closed financial year 2025 with a result of € -639,473 after tax. For that financial year GVE Europe recorded a gross margin of € -190,047 and equity of € -599,679. Compared with financial year 2024, the result moved from € -379,695 to € -639,473. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ -599,679
▼ € 679,157 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -639,473
▼ 68 % more loss than in 2024
Profit after tax over the fiscal year.
€ 71,513
▲ 152% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.4 million.
People and assets in 2025
€ 167,955
▲ 163% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 4,482
▼ 18% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.7 million
▲ 109% vs 2024
€ 129,583 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 409,937
▲ 292% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,669
▲ 35% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -289,793 | € -205,637 | € -190,047 | ▲ € 15,590 |
| Profit after taxes | € -353,675 | € -379,695 | € -639,473 | ▼ € 259,777 |
| Equity | € 326,790 | € 79,478 | € -599,679 | ▼ € 679,157 |
| Total debts | € 327,479 | € 955,330 | € 2,141,306 | ▲ 124% |
| Cash | € 224,806 | € 28,375 | € 71,513 | ▲ 152% |
| Retained profit | € -353,675 | € -733,371 | € -1,372,844 | ▼ € 639,473 |
| Bank debt | € 227,294 | € 802,932 | € 1,675,000 | ▲ 109% |
| Balance sheet total | € 654,269 | € 1,034,808 | € 1,541,627 | ▲ 49% |
Key figures of GVE Europe, fiscal years 2023 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 GVE Europe?
What happened at GVE Europe in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Valentine GODIN stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 639,473. Source: NBB ↗
- Valentine GODIN became a director. NBB
- New establishment in Genappe. KBO
- Start of the company according to the CBE. KBO
In short
From € 353,675 loss in 2023 to € 639,473 loss in 2025.
Paid € 584 in corporate taxes since 2023.
A new publication or filing at GVE Europe? 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
The stake of B2START comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GVE EuropeBehind GVE Europe are A.F.G. CONSULTING SRL and INVEST BW SA. The shares are held by B2START (20%).
Directors
According to the 2025 annual accounts
Director · represented by Nathalie OMIN
Also active at: SOCIETE D'ASSAINISSEMENT ET DE RENOVATION DES SITES INDUSTRIELS DU BRABANT WALLON, SYBERMAT, SCALE UP, TCO Service, Made in BW, Whitestone Group, n-Side, CROSSFACTORY +23 more
Valentine GODIN
Managing director
since 2023 · until 2028
Shareholders
20%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Chaussée de Namur 1
1400 Nivelles
Haute Rue 8
1473 Genappe
Active since 21 February 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0782.439.018
- VAT number
- BE 0782.439.018
- Registered office
- Chaussée de Namur 1, 1400 Nivelles
- Names & denominations
- GVE Europe
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 February 2022
- Peppol
- Active · Active since 8 Jul 2025
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