Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 37 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MICHEL GAVAGE SONORISATION from Aywaille, company number BE0899574238, closed financial year 2025 with a result of € 125,247 after tax. For that financial year MICHEL GAVAGE SONORISATION recorded a gross margin of € 1.1 million and equity of € 797,855. Compared with financial year 2024, the result moved from € 162,616 to € 125,247. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on November 7, 2025.
€ 797,855
▲ 14% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 125,247
▼ 23% vs 2024
Profit after tax over the fiscal year.
€ 26,233
▼ 69% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 25,400 paid out
20 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
8.3
▲ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 407,480
▲ 12% vs 2024
€ 49,100 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.
€ 431,376
▲ 22% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.3 million
▲ 147% vs 2024
€ 290,759 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 268,878
▼ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 43,473
▼ 14% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 464,388 | € 969,205 | € 994,809 | € 1,074,145 | ▲ 8% |
| Profit after taxes | € 107,225 | € 353,620 | € 162,616 | € 125,247 | ▼ 23% |
| Equity | € 393,089 | € 743,700 | € 700,677 | € 797,855 | ▲ 14% |
| Total debts | € 960,846 | € 1,348,225 | € 1,472,337 | € 2,780,082 | ▲ 89% |
| Cash | € 108,761 | € 134,063 | € 83,816 | € 26,233 | ▼ 69% |
| Land & buildings | € 628,178 | € 608,039 | € 597,770 | € 2,116,571 | ▲ 254% |
| Retained profit | € 314,677 | € 668,298 | € 628,114 | € 727,961 | ▲ 16% |
| Dividend | € 0 | € 0 | € 202,800 | € 25,400 | ▼ 87% |
| Bank debt | € 854,238 | € 947,553 | € 936,547 | € 2,316,001 | ▲ 147% |
| Balance sheet total | € 1,353,935 | € 2,091,925 | € 2,173,014 | € 3,577,937 | ▲ 65% |
| Employees (FTE) | 3.6 | - | 7.3 | 8.3 | ▲ 1 |
Key figures of MICHEL GAVAGE SONORISATION, 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 October 2026.
What happened to MICHEL GAVAGE SONORISATION?
What happened at MICHEL GAVAGE SONORISATION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New establishment in Ferrières. KBO
- New annual accounts for financial year 2025: profit of € 125,247 (▼ 23% vs 2024). filed late Source: NBB ↗
- Valérie Ruth became a director. NBB
- Michel Gavage became a director. NBB
- New establishment in Sprimont. KBO
- Start of the company according to the CBE. KBO
- New establishment in Aywaille. KBO
In short
From € 107,225 profit in 2022 to € 125,247 profit in 2025.
Paid € 205,635 in corporate taxes since 2022.
Best year ever: 2023, with € 353,620 profit.
On average € 129,400 of value added per employee in 2025.
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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 MICHEL GAVAGE SONORISATION are Valérie Ruth and Michel Gavage. Michel Gavage is also behind All-S.
Directors
According to the 2025 annual accounts
Valérie Ruth
Director
since 2022
since 2022
Establishments
Establishment units
Physical locations of this company
Avenue François Cornesse 92
4920 Aywaille
Rue du Roua 44
4140 Sprimont
Active since 1 September 2014
Allée des Sorbiers 5
4190 Ferrières
Active since 24 August 2026
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0899.574.238
- VAT number
- BE 0899.574.238
- Registered office
- Avenue François Cornesse 92, 4920 Aywaille
- Names & denominations
- MICHEL GAVAGE SONORISATION · MGS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 July 2008
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Elektrotechnische installatiewerken van nijverheidsinrichtingen
Gespecialiseerde beeld-, verlichtings- en geluidstechnieken
Overige recreatie- en ontspanningsactiviteiten, neg
Verhuur en lease van televisietoestellen en andere audio- en videoapparatuur