- 1 Consolidated income statement
- 3 Changes in equity
- 2 Consolidated balance sheet
- 4 Consolidated cash flow statement
- 5 Accounting policies
- 6 Subsidiaries
- 7 Acquisition of subsidiaries
- 8 Sales of subsidiaries
- 9 Segment information
- 10 Operating result
- 11 Financial result
- 12 Income taxes
- 13 Earnings per share
- 14 Paid and proposed dividends
- 15 Goodwill and other intangible assets
- 16 Property, plant and equipment
- 17 Goodwill impairment
- 18 Financial assets
- 19 Loans to investee companies
- 20 Inventories
- 21 Trade and other receivables
- 22 Cash and marketable securities
- 23 Outstanding capital and reserves
- 24 Pension liabilities
- 25 Provisions
- 26 Financial liabilities and trade payables
- 27 Related parties
- 28 Financial risk management
- 29 Share-based transactions
- 30 Fair value
- 31 Outstanding fund commitments
- 32 Auditor's report
- 33 Limited to statutory consolidation
6 Subsidiaries
| Name of the subsidiary | City, country | Company number | % voting right | Change to previous year | Reason why > 50% does not lead to consolidation |
1. Limited consolidation |
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| Accessories International | Menen, Belgium | 0475.344.639 | 50.00% | 0.00% | Materiality |
| Acertys | Aartselaar, Belgium | 0413.534.556 | 50.10% | 0.00% | Materiality |
| Adviesbeheer Gimv Buyouts & Growth | Antwerp, Belgium | 0476.170.723 | 100.00% | 0.00% | |
| Adviesbeheer Gimv Buyouts & Growth 2004 | Antwerp, Belgium | 0863.249.322 | 71.31% | 0.00% | |
| Adviesbeheer Gimv Buyouts & Growth 2007 | Antwerp, Belgium | 0887.141.115 | 96.87% | 6.91% | |
| Adviesbeheer Gimv Buyouts & Growth 2010 | Antwerp, Belgium | 0824.507.397 | 100.00% | 100.00% | |
| Adviesbeheer Gimv DS | Antwerp, Belgium | 0476.173.790 | 100.00% | 0.00% | |
| Adviesbeheer Gimv DS 2004 | Antwerp, Belgium | 0863.250.114 | 51.32% | 0.00% | |
| Adviesbeheer Gimv DS 2007 | Antwerp, Belgium | 0887.077.371 | 85.26% | -4.10% | |
| Adviesbeheer Gimv Tech 2004 | Antwerp, Belgium | 0863.241.107 | 68.39% | 0.00% | |
| Adviesbeheer Gimv Tech 2007 | Antwerp, Belgium | 0887.142.303 | 69.40% | -18.36% | |
| Adviesbeheer Gimv LS | Antwerp, Belgium | 0476.170.921 | 72.28% | 0.00% | |
| Adviesbeheer Gimv LS 2004 | Antwerp, Belgium | 0863.241.897 | 71.32% | 0.00% | |
| Adviesbeheer Gimv LS 2007 | Antwerp, Belgium | 0887.140.224 | 100.00% | 0.00% | |
| Adviesbeheer Gimv CT 2007 | Antwerp, Belgium | 0893.833.224 | 100.00% | 0.00% | |
| Adviesbeheer Gimv Fund Deals 2007 | Antwerp, Belgium | 0893.837.083 | 100.00% | 0.00% | |
| Adviesbeheer Gimv Group 2010 | Antwerp, Belgium | 0824.472.383 | 100.00% | 100.00% | |
| Adviesbeheer Gimv B&G Belgium 2010 | Antwerp, Belgium | 0823.741.915 | 100.00% | 100.00% | |
| Adviesbeheer Gimv XL | Antwerp, Belgium | 0823.740.430 | 100.00% | 100.00% | |
| Adviesbeheer Gimv Venture Capital 2010 | Antwerp, Belgium | 0823.743.893 | 100.00% | 100.00% | |
| Square Melon | Vilvoorde, Belgium | 0810.496.564 | 60.00% | 60.00% | |
| DataContact | Warzawa, Polen | 80.00% | 80.00% | ||
| Eagle Venture Partners BV | Vlaardingen, The Netherlands | 68.50% | 0.00% | Materiality | |
| Eagle Venture Partners Limited | Guernsey, GB | 73.30% | 0.00% | Materiality | |
| Finimmo | Antwerp, Belgium | 0436.044.197 | 50.00% | 0.00% | Fiduciary control |
| Fortress Warehousing | Tilbury, GB | 53.84% | 0.00% | Materiality | |
| Funico International | Aalter, Belgium | 0880.889.068 | 58.00% | 0.00% | Materiality |
| Gimfin NV | Antwerp, Belgium | 0422.112.920 | 100.00% | 0.00% | |
| Gimo-Hold Noorderlaan | Antwerp, Belgium | 0449.794.740 | 100.00% | 0.00% | Materiality |
| Gimv-Agri+ Investment Fund | Antwerpn, Belgium | 0878.764.174 | 50.00% | 100.00% | |
| Gimv Arkiv | Antwerp, Belgium | 0878.764.174 | 50.17% | 0.00% | |
| Gimv Czech Ventures BV | Vlaardingen, The Netherlands | 73.17% | 0.00% | Materiality | |
| Gimv Buyouts & Growth France | Paris, France | 100.00% | 0.00% | ||
| Gimv Buyouts & Growth France FCPR | Paris, France | 100.00% | 0.00% | ||
| Gimv Buyouts & Growth France FCPR 2010 | Paris, France | 100.00% | 100.00% | ||
| Gimv Buyouts & Growth 2004 BV | The Hague, The Netherlands | 89.00% | 0.00% | ||
| Gimv Buyouts & Growth 2007 BV | The Hague, The Netherlands | 90.00% | 0.00% | ||
| Gimv Buyouts & Growth 2010 BV | The Hague, The Netherlands | 100.00% | 100.00% | ||
| Adviesbeheer Gimv Buyouts & Growth Netherlands 2010 BV | The Hague, The Netherlands | 100.00% | 100.00% | ||
| Gimv Nederland holding BV | The Hague, The Netherlands | 100.00% | 0.00% | ||
| Gimv Nederland BV | The Hague, The Netherlands | 100.00% | 0.00% | ||
| Gimv-XL N.V. | Antwerp, Belgium | 100.00% | 100.00% | ||
| Halder Bet. Beratung GmbH | Frankfurt, Germany | 99.00% | 0.00% | ||
| Halder Investments IV BV | The Hague, The Netherlands | 100.00% | 0.00% | ||
| Halder Management BV | The Hague, The Netherlands | 100.00% | 0.00% | ||
| Halder V BV | The Hague, The Netherlands | 100.00% | 0.00% | ||
| Halder-Gimv Germany Management BV | The Hague, The Netherlands | 100.00% | 0.00% | ||
| Impression International | Antwerp, Belgium | 0895.599.119 | 85.00% | 0.00% | Materiality |
| Inframan | Brussels, Belgium | 0891.786.920 | 50.00% | 0.00% | Fiduciary control |
| OBP Adjunct II | Boston, USA | 99.00% | 0.00% | Materiality | |
| OBP Adjunct III | Boston, USA | 99.00% | 0.00% | Materiality | |
| Onedirect | France | 55.30% | 55.30% | Materiality | |
| Ronin | Antwerp, Belgium | 0865.712.231 | 62.75% | 0.00% | Materiality |
| Salsa Food Group (Rollinvest) | Kontich, Belgium | 0422.578.520 | 90.94% | 0.94% | Materiality |
| Verhaeren | Zemst, Belgium | 0400.710.265 | 50.00% | 0.00% | |
| VIM NV | Antwerp, Belgium | 0421.600.008 | 100.00% | 0.00% | |
2. Statutory consolidation |
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| De Groot International Investments BV* | Hedel, The Netherlands | 53.90% | 0.00% | ||
| Grandeco Wallfashion Group | Tielt, Belgium | 0889.387.654 | 86.00% | 0.00% | |
| HVEG Investments BV* (Fashion Linq) | Veenendaal, The Netherlands | 54.30% | 2.65% | ||
| PDC Brush | Izegem, Belgium | 0875.486.861 | 85.00% | 0.00% | |
| Numac Investments BV* | Venray, The Netherlands | 61.49% | 2.51% | ||
| OGD Investments BV* | Delft, The Netherlands | 67.39% | 0.00% | ||
| OTN Systems | Herentals, Belgium | 0898.723.509 | 92.50% | 0.00% | |
| Scana Noliko | Bree, Belgium | 0865.259.301 | 91.21% | 0.00% | |
| VCST | Luxembourg | 52.07% | 52.07% | ||
| Verlihold | Antwerp, Belgium | 0893.429.881 | 80.00% | 0.00% |
* and the subsidiaries that Gimv consolidates
Work force
The results of a small number of subsidiaries are not included, by way of application of the materiality principle. In a number of subsidiaries that are consolidated, the evolution of voting rights is due to the repurchase or sale of shares from/to employees (in the context of the above-mentioned co-investment structure).
| Employees | Workers | Total | |
| Work force 2010-2011 | 1 846 | 2 438 | 4 329 |
| Work force 2009-2010 | 1 755 | 2 438 | 4 192 |