Financials
Financial year 2025
GVT Timmer & Schrijnwerk from Kortemark, company number BE0789228226, closed financial year 2025 with a result of € 1,444 after tax. For that financial year GVT Timmer & Schrijnwerk recorded a gross margin of € 78,141 and equity of € 79,848. Compared with financial year 2024, the result moved from € 808 to € 1,444. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on January 30, 2026.
€ 79,848
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1,444
▲ 79% vs 2024
Profit after tax over the fiscal year.
€ 46,540
▲ 96% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 76,848.
People and assets in 2025
€ 10,929
▼ 13% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 212,831
▼ 9% vs 2024
€ 24,866 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 27,174
▲ € 22,642 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 906
▼ 58% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 148,394 | € 75,116 | € 78,141 | ▲ 4% |
| Profit after taxes | € 75,746 | € 808 | € 1,444 | ▲ 79% |
| Equity | € 77,596 | € 78,403 | € 79,848 | ▲ 2% |
| Total debts | € 233,804 | € 273,669 | € 267,819 | ▼ 2% |
| Cash | € 99,346 | € 23,743 | € 46,540 | ▲ 96% |
| Retained profit | € 74,596 | € 75,403 | € 76,848 | ▲ 2% |
| Dividend | € 1,150 | € 0 | € 0 | |
| Bank debt | € 147,006 | € 235,099 | € 212,831 | ▼ 9% |
| Balance sheet total | € 311,400 | € 352,072 | € 347,666 | ▼ 1% |
Key figures of GVT Timmer & Schrijnwerk, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to GVT Timmer & Schrijnwerk?
What happened at GVT Timmer & Schrijnwerk in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1,444 (▲ 79% vs 2024). Source: NBB ↗
- New establishment in Kortemark. KBO
- Start of the company according to the CBE. KBO
- Tine Castelein became a director. NBB
- Glenn Vanoverbeke became a director. NBB
In short
From € 75,746 profit in 2023 to € 1,444 profit in 2025.
Paid € 28,446 in corporate taxes since 2023.
Best year ever: 2023, with € 75,746 profit.
Paid out € 1,150 in dividends to the owners in total.
Management
Behind GVT Timmer & Schrijnwerk are Tine Castelein and Glenn Vanoverbeke.
Directors
According to the 2025 annual accounts
Tine Castelein
Director
since 2022
Glenn Vanoverbeke
Director
since 2022
Establishments
Establishment units
Physical locations of this company
Amersveldestraat 87
8610 Kortemark
Talpestraat 14
8610 Kortemark
Active since 29 July 2022
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 →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0789.228.226
- VAT number
- BE 0789.228.226
- Registered office
- Amersveldestraat 87, 8610 Kortemark
- Names & denominations
- GVT Timmer & Schrijnwerk
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 July 2022
- Peppol
- Active · Active since 3 Sept 2023
- Activities · NACE
Schrijnwerk
Schilderen van gebouwen
Vervaardiging van ander schrijn- en timmerwerk
Plaatsen van vloer- en wandtegels
Plaatsen van vloerbedekking en wandbekleding van hout
Sanitaire werkzaamheden