Bart Godts
ActiveSummary
The computed 12-month bankruptcy probability of Bart Godts is 3.0% (moderate). The 2025 annual accounts show negative equity (-€435,025) and a net result of -€61,895. Equity is shrinking by ~46.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 8061 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability58▲+33
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.2 against 0.22 in 2024; short-term debt: 59% and cash: 0% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-57.9%
Return on assets
-8.2%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€435,025
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
30 d late
2024
29 d late
2023
28 d late
2022
28 d late
2021
6 d early
2020
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 23 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 29 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€435,025▼ 16.6%
2024 · -€373,131
Total assets
€751,602▼ 8.8%
2024 · €823,752
Net result
-€61,895▲ 14.5%
2024 · -€72,385
Working capital
-€354,205▼ 13.3%
2024 · -€312,713
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€95,989-€35,346▲ 63.2%-€172,737▼ 389%-€67,837▲ 60.7%-€58,959▲ 13.1%
Net result-€100,738below the sector's middle half-€41,898below the sector's middle half▲ 58.4%-€179,011below the sector's middle half▼ 327%-€72,385below the sector's middle half▲ 59.6%-€61,895below the sector's middle half▲ 14.5%
Equity-€79,836below the sector's middle half-€121,734below the sector's middle half▼ 52.5%-€300,745below the sector's middle half▼ 147%-€373,131below the sector's middle half▼ 24.1%-€435,025below the sector's middle half▼ 16.6%
Total assets€1.1mabove the sector's middle half▲ 16.3%€1.2mabove the sector's middle half▲ 9.3%€903,781within the sector's middle half▼ 24.4%€823,752within the sector's middle half▼ 8.9%€751,602within the sector's middle half▼ 8.8%
Debt€1.2m▲ 27.6%€1.3m▲ 12.3%€1.2m▼ 8.5%€1.2m▼ 0.6%€1.2m▼ 0.9%
Working capital-€28,619below the sector's middle half▲ 94.2%-€165,936below the sector's middle half▼ 480%-€237,707below the sector's middle half▼ 43.3%-€312,713below the sector's middle half▼ 31.6%-€354,205below the sector's middle half▼ 13.3%
Solvency-7.3%below the sector's middle half▼ 9.5pp-10.2%below the sector's middle half▼ 2.9pp-33.3%below the sector's middle half▼ 23.1pp-45.3%below the sector's middle half▼ 12.0pp-57.9%below the sector's middle half▼ 12.6pp
Current ratio0.86below the sector's middle half▲ 0.580.55below the sector's middle half▼ 0.310.30below the sector's middle half▼ 0.250.22below the sector's middle half▼ 0.080.20below the sector's middle half▼ 0.02
Return on assets (ROA)-9.2%below the sector's middle half▼ 9.3pp-3.5%below the sector's middle half▲ 5.7pp-19.8%below the sector's middle half▼ 16.3pp-8.8%below the sector's middle half▲ 11.0pp-8.2%below the sector's middle half▲ 0.6pp
Staff (FTE)0below the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2023 Net result -327% on 2022. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €58,959 in 2025 against €67,837 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €735,540
Fixed assets
€646,165 ▼ 9.9%
Current assets
€89,374 ▲ 2.2%
Equity and liabilities
Equity-€435,025
Debt€1.2m
Equity is negative: debt (€1.2m) exceeds the balance-sheet total (€751,602).
Key figures and ratios
EBITDA
€17,918▲
2024 · €9,508
Cash flow
€14,982▲
2024 · €4,960
Quick ratio
0.15▼
2024 · 0.16
Interest coverage
6.02▲
2024 · 2.09
Debt ≤ 1 year
€443,580▲
2024 · €400,122
Debt > 1 year
€743,048▼
2024 · €796,736
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,167 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 95% are still going.
- Small
- 5 to 10 years old
- negative equity
- a small loss
2.0%
went bankrupt
2.8%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,167 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €15,507 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48,193 | €96,137 | €80,510 | €77,345 | €76,877 | ▼ 0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €900 | €1,800 | €0 | - | - |
| Other operating charges640/8 | €725 | €1,320 | €1,282 | €3,043 | €3,436 | ▲ 12.9% |
| Non-recurring operating charges66A | - | - | €90,221 | €0 | - | - |
| Gross operating margin9900 | -€47,072 | €63,012 | €1,076 | €12,551 | €21,355 | ▲ 70.1% |
| Operating profit (loss)9901 | -€95,989 | -€35,346 | -€172,737 | -€67,837 | -€58,959 | ▲ 13.1% |
| Financial income75/76B | - | €1 | - | €1 | €42 | ▲ 6,900% |
| Recurring financial income75 | - | €1 | - | €1 | €42 | ▲ 6,900% |
| Financial charges65/66B | €4,749 | €6,554 | €6,274 | €4,549 | €2,978 | ▼ 34.5% |
| Recurring financial charges65 | €4,749 | €6,554 | €6,274 | €4,549 | €2,978 | ▼ 34.5% |
| Profit (loss) for the period before taxes9903 | -€100,738 | -€41,898 | -€179,011 | -€72,385 | -€61,895 | ▲ 14.5% |
| Profit (loss) for the period9904 | -€100,738 | -€41,898 | -€179,011 | -€72,385 | -€61,895 | ▲ 14.5% |
| Profit (loss) for the period to be appropriated9905 | -€100,738 | -€41,898 | -€179,011 | -€72,385 | -€61,895 | ▲ 14.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.2m | €903,781 | €823,752 | €751,602 | ▼ 8.8% |
| Formation expenses20 | €28,912 | €25,699 | €22,487 | €19,274 | €16,062 | ▼ 16.7% |
| Fixed assets21/28 | €891,147 | €967,238 | €780,351 | €717,068 | €646,165 | ▼ 9.9% |
| Tangible fixed assets22/27 | €891,147 | €817,238 | €630,351 | €567,068 | €496,165 | ▼ 12.5% |
| Plant, machinery and equipment23 | €811,186 | €754,086 | €575,742 | €522,643 | €461,281 | ▼ 11.7% |
| Furniture and vehicles24 | €79,960 | €63,153 | €54,609 | €44,425 | €34,884 | ▼ 21.5% |
| Financial fixed assets28 | - | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Current assets29/58 | €173,257 | €202,333 | €100,944 | €87,410 | €89,374 | ▲ 2.2% |
| Stocks and contracts in progress3 | €35,000 | €35,000 | €35,000 | €23,000 | €23,000 | = |
| Contracts in progress37 | €35,000 | €35,000 | €35,000 | €23,000 | €23,000 | = |
| Amounts receivable within one year40/41 | €114,630 | €162,737 | €55,923 | €59,549 | €62,701 | ▲ 5.3% |
| Trade receivables40 | €96,177 | €162,702 | €52,085 | €55,981 | €62,663 | ▲ 11.9% |
| Other amounts receivable41 | €18,453 | €34 | €3,838 | €3,568 | €38 | ▼ 98.9% |
| Cash at bank and in hand54/58 | €21,180 | €2,253 | €6,868 | €838 | €268 | ▼ 68.0% |
| Deferred charges and accrued income490/1 | €2,447 | €2,343 | €3,152 | €4,022 | €3,405 | ▼ 15.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.2m | €903,781 | €823,752 | €751,602 | ▼ 8.8% |
| Equity10/15 | -€79,836 | -€121,734 | -€300,745 | -€373,131 | -€435,025 | ▼ 16.6% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€99,836 | -€141,734 | -€320,745 | -€393,131 | -€455,025 | ▼ 15.7% |
| Amounts payable17/49 | €1.2m | €1.3m | €1.2m | €1.2m | €1.2m | ▼ 0.9% |
| Amounts payable after more than one year17 | €971,274 | €948,482 | €865,875 | €796,736 | €743,048 | ▼ 6.7% |
| Financial debts170/4 | €971,274 | €948,482 | €865,875 | €796,736 | €743,048 | ▼ 6.7% |
| Amounts payable within one year42/48 | €201,876 | €368,269 | €338,651 | €400,122 | €443,580 | ▲ 10.9% |
| Current portion of amounts payable after more than one year42 | €95,075 | €173,463 | €126,101 | €69,140 | €53,688 | ▼ 22.3% |
| Financial debts43 | - | €10 | - | - | - | - |
| Credit institutions430/8 | - | €10 | - | - | - | - |
| Trade debts44 | €81,583 | €79,881 | €32,436 | €10,903 | €59,253 | ▲ 443% |
| Suppliers440/4 | €81,583 | €79,881 | €32,436 | €10,903 | €59,253 | ▲ 443% |
| Taxes, remuneration and social security45 | €218 | €6,302 | - | €338 | €2,975 | ▲ 780% |
| Taxes450/3 | €218 | €6,302 | - | €338 | €2,975 | ▲ 780% |
| Other amounts payable47/48 | €25,000 | €108,614 | €180,114 | €319,742 | €327,663 | ▲ 2.5% |
| Accrued charges and deferred income492/3 | - | €254 | - | €25 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€100,738 | -€41,898 | -€179,011 | -€72,385 | -€61,895 | ▲ 14.5% |
| + Depreciation and write-downs630 | €48,193 | €96,137 | €80,510 | €77,345 | €76,877 | ▼ 0.6% |
| Operating cash flow (approximation) | -€52,545 | €54,239 | -€98,501 | €4,960 | €14,982 | ▲ 202% |
| Investment in fixed assets (approximation) | - | -€172,229 | €106,378 | -€14,062 | -€5,975 | ▲ 57.5% |
| Change in cash | - | -€18,927 | €4,615 | -€6,030 | -€570 | ▲ 90.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 30 days late
30-06
State Gazette act
Appointment: Gilcon CommV (director)Permanent representative: Gil Godts3 facts ▸
State Gazette act
Appointment: Gilcon CommV (director)
Permanent representative: Gil Godts3 facts ▸
- General meeting, 12-05-2026
- Director appointment, Gilcon CommV (director)
- Permanent representative, Gil Godts (permanent representative)
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet -€179,011
Net result drops to -€179,011, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 1 act read
Directors · office · real estate
Directors
1 director, no change since 2026
Board 1
Gilcon
CurrentDirector · since 13-05-2026 · Limited partnership · perm. rep.: Gil Godts
Permanent representatives 1
Gil Godts
CurrentPermanent representative · since 13-05-2026 · for Gilcon
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Lubbeek · 1 establishment unit since 2019
Ground area
1,482 m²
Building footprint
365 m²
Volume, LiDAR
1,629 m³
Parcel 24012B0174/00P000, Flanders · tallest building 9.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Bart Godts
since 20192.296.094.819
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24012B0174/00P000 | Flanders | 1,482 m² | 1 · 365 m² | 9.6 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| Gilcon |
|
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
50%
According to the 2025 annual accounts of Bart Godts and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
LUBBEEK'S VERHUURCENTER
Shared corporate director
→
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Company details
Identification
Legal formPrivate limited company
Founded31-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
43110Demolition
E-invoicing
Reachable via Peppol
Peppol ID
0208:0736990954
Also
9925:BE0736990954
Registered
31-10-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.