GODART IMMO
ActiveSummary
GODART IMMO has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €107k and a net result of €22k. Equity is shrinking by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 61% of 2056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+9
Solvency75▲+11
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity tight (current ratio 1.34 against 1.16 in 2024; short-term debt: 49.6% and cash: 62.5% of total assets), and 49.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
50.4%
Return on assets
10.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
29 d early
2023
5 d early
2022
4 d early
2021
11 d early
2020
36 d early
2019
3 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€22k▲ 126%
2024 · €10k
2018: €31k
2019: €40k▲ +29.1% vs 2018
2020: €24k▼ -40.3% vs 2019
2021: €43k▲ +83.5% vs 2020highest in 8 years
2022: €13k▼ -70.1% vs 2021
2023: €24k▲ +87.4% vs 2022
2024: €10k▼ -60.3% vs 2023lowest in 8 years
2025: €22k▲ +126% vs 2024
2018 → 2025
Working capital
€36k▲ 15.5%
2024 · €31k
2018: €385k
2019: €437k▲ +13.3% vs 2018
2020: €470k▲ +7.6% vs 2019highest in 8 years
2021: €466k▼ -0.9% vs 2020
2022: €468k▲ +0.5% vs 2021
2023: €433k▼ -7.4% vs 2022
2024: €31k▼ -92.8% vs 2023lowest in 8 years
2025: €36k▲ +15.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€628k-€641k▲ 2.1%€565k▼ 11.8%€124k▼ 78.0%€107k▼ 13.4%
2021: €628k
2022: €641k▲ +2.1% vs 2021highest in 5 years
2023: €565k▼ -11.8% vs 2022
2024: €124k▼ -78.0% vs 2023
2025: €107k▼ -13.4% vs 2024lowest in 5 years
Operating result€66k-€45k▼ 32.1%€57k▲ 27.0%€17k▼ 70.4%€32k▲ 90.3%
2021: €66khighest in 5 years
2022: €45k▼ -32.1% vs 2021
2023: €57k▲ +27.0% vs 2022
2024: €17k▼ -70.4% vs 2023lowest in 5 years
2025: €32k▲ +90.3% vs 2024
Net result€43k-€13k▼ 70.1%€24k▲ 87.4%€10k▼ 60.3%€22k▲ 126%
2021: €43khighest in 5 years
2022: €13k▼ -70.1% vs 2021
2023: €24k▲ +87.4% vs 2022
2024: €10k▼ -60.3% vs 2023lowest in 5 years
2025: €22k▲ +126% vs 2024
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 90% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €213k
Fixed assets
€72k ▼ 23.0%
Current assets
€142k ▼ 37.3%
Equity and liabilities €213k
Equity
€107k ▼ 13.4%
Debt
€106k ▼ 45.7%
Debt's share of the balance-sheet total falls from 61.1% to 49.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€54k▲
2024 · €38k
Cash flow
€43k▲
2024 · €31k
Current ratio
1.34▲
2024 · 1.16
Debt to equity
0.99▼
2024 · 1.57
ROE
20.3%▲
2024 · 7.8%
ROA
10.2%▲
2024 · 3.0%
Interest coverage
53.79▲
2024 · 13.20
Debt ≤ 1 year
€106k▼
2024 · €195k
Income taxes
€11k▲
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€319k€213k▼
Fixed assets21/28€93k€72k▼
Tangible fixed assets22/27€93k€72k▼
Land and buildings22€69k€51k▼
Plant, machinery and equipment23€24k€21k▼
Financial fixed assets28€0-
Current assets29/58€226k€142k▼
Amounts receivable within one year40/41€70k€8k▼
Trade receivables40€62k€8k▼
Other amounts receivable41€8k€561▼
Cash at bank and in hand54/58€156k€133k▼
Equity and liabilities
Total equity and liabilities10/49€319k€213k▼
Equity10/15€124k€107k▼
Contributions10/11€13k€13k=
Capital10€13k€13k=
Issued capital100€13k€13k=
Reserves13€112k€95k▼
Non-distributable reserves130/1€1k€1k=
Legal reserve130€1k€1k=
Distributable reserves133€110k€94k▼
Amounts payable17/49€195k€106k▼
Amounts payable within one year42/48€195k€106k▼
Trade debts44€6k€16k▲
Suppliers440/4€6k€16k▲
Taxes, remuneration and social security45€35k€16k▼
Taxes450/3€35k€16k▼
Other amounts payable47/48€154k€74k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€21k=
Other operating charges640/8€7k€7k▼
Gross operating margin9900€45k€60k▲
Operating profit (loss)9901€17k€32k▲
Financial income75/76B€484€2k▲
Recurring financial income75€484€2k▲
Financial charges65/66B€3k€995▼
Recurring financial charges65€3k€995▼
Profit (loss) for the period before taxes9903€14k€33k▲
Income taxes67/77€5k€11k▲
Profit (loss) for the period9904€10k€22k▲
Profit (loss) for the period to be appropriated9905€10k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€10k€22k▲
Transfer from equity791/2-€38k
Transfer to equity691/2€10k€22k▲
To other reserves6921€10k€22k▲
Profit to be distributed694/7-€38k
Return on contributions (dividend)694-€38k
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €401 | €570 | - | - | - |
| Remuneration, social security and pensions62 | €752k | €817k | €940k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45k | €56k | €54k | €21k | €21k | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €10k | €18k | €3k | - | - | - |
| Other operating charges640/8 | €12k | €12k | €25k | €7k | €7k | ▼ 1.2% |
| Gross operating margin9900 | €885k | €948k | €1.08M | €45k | €60k | ▲ 33.6% |
| Operating profit (loss)9901 | €66k | €45k | €57k | €17k | €32k | ▲ 90.3% |
| Financial income75/76B | €3k | €1k | €912 | €484 | €2k | ▲ 243% |
| Recurring financial income75 | €3k | €1k | €912 | €484 | €2k | ▲ 243% |
| Financial charges65/66B | €9k | €18k | €20k | €3k | €995 | ▼ 65.7% |
| Recurring financial charges65 | €9k | €18k | €20k | €3k | €995 | ▼ 65.7% |
| Profit (loss) for the period before taxes9903 | €60k | €28k | €38k | €14k | €33k | ▲ 127% |
| Income taxes67/77 | €16k | €15k | €14k | €5k | €11k | ▲ 128% |
| Profit (loss) for the period9904 | €43k | €13k | €24k | €10k | €22k | ▲ 126% |
| Profit (loss) for the period to be appropriated9905 | €43k | €13k | €24k | €10k | €22k | ▲ 126% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.64M | €1.51M | €1.58M | €319k | €213k | ▼ 33.1% |
| Fixed assets21/28 | €235k | €210k | €234k | €93k | €72k | ▼ 23.0% |
| Tangible fixed assets22/27 | €234k | €209k | €234k | €93k | €72k | ▼ 23.0% |
| Land and buildings22 | €126k | €107k | €88k | €69k | €51k | ▼ 26.5% |
| Plant, machinery and equipment23 | €46k | €63k | €61k | €24k | €21k | ▼ 12.6% |
| Furniture and vehicles24 | €62k | €39k | €85k | - | - | - |
| Financial fixed assets28 | €570 | €570 | €87 | €0 | - | - |
| Current assets29/58 | €1.41M | €1.30M | €1.34M | €226k | €142k | ▼ 37.3% |
| Stocks and contracts in progress3 | €363k | €233k | €213k | - | - | - |
| Stocks30/36 | €363k | €233k | €213k | - | - | - |
| Amounts receivable within one year40/41 | €732k | €800k | €786k | €70k | €8k | ▼ 88.1% |
| Trade receivables40 | €703k | €755k | €743k | €62k | €8k | ▼ 87.6% |
| Other amounts receivable41 | €30k | €45k | €43k | €8k | €561 | ▼ 92.7% |
| Current investments50/53 | €3k | €3k | €3k | - | - | - |
| Cash at bank and in hand54/58 | €311k | €264k | €343k | €156k | €133k | ▼ 14.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.64M | €1.51M | €1.58M | €319k | €213k | ▼ 33.1% |
| Equity10/15 | €628k | €641k | €565k | €124k | €107k | ▼ 13.4% |
| Contributions10/11 | €62k | €62k | €62k | €13k | €13k | = |
| Capital10 | €62k | €62k | €62k | €13k | €13k | = |
| Issued capital100 | €62k | €62k | €62k | €13k | €13k | = |
| Reserves13 | €252k | €579k | €503k | €112k | €95k | ▼ 14.9% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €1k | €1k | = |
| Legal reserve130 | €6k | €6k | €6k | €1k | €1k | = |
| Distributable reserves133 | €246k | €573k | €497k | €110k | €94k | ▼ 15.1% |
| Profit (loss) carried forward14 | €313k | - | - | - | - | - |
| Amounts payable17/49 | €1.02M | €868k | €1.01M | €195k | €106k | ▼ 45.7% |
| Amounts payable after more than one year17 | €73k | €37k | €102k | - | - | - |
| Financial debts170/4 | €73k | €37k | €102k | - | - | - |
| Amounts payable within one year42/48 | €944k | €831k | €911k | €195k | €106k | ▼ 45.7% |
| Current portion of amounts payable after more than one year42 | €70k | €50k | €39k | - | - | - |
| Trade debts44 | €794k | €708k | €720k | €6k | €16k | ▲ 169% |
| Suppliers440/4 | €794k | €708k | €720k | €6k | €16k | ▲ 169% |
| Taxes, remuneration and social security45 | €41k | €56k | €57k | €35k | €16k | ▼ 55.2% |
| Taxes450/3 | €790 | €634 | €199 | €35k | €16k | ▼ 55.2% |
| Remuneration and social security454/9 | €40k | €55k | €57k | - | - | - |
| Other amounts payable47/48 | €39k | €18k | €95k | €154k | €74k | ▼ 51.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43k | €13k | €24k | €10k | €22k | ▲ 126% |
| + Depreciation and write-downs630 | €45k | €56k | €54k | €21k | €21k | = |
| Operating cash flow (approximation) | €89k | €69k | €78k | €31k | €43k | ▲ 39.2% |
| Investment in fixed assets (approximation) | - | €-31k | €-77k | €119k | €0 | ▼ 100% |
| Change in cash | - | €-47k | €79k | €-187k | €-22k | ▲ 88.0% |
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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €10k ▼60.3%
Net result drops to €10k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €43k ▲83.5%
Operating result €66k, net result €43k, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Frameries · 1 establishment unit since 1979
Ground area
205 m²
Building footprint
63 m²
Volume, LiDAR
532 m³
Parcel 53028B0216/00G002, Wallonia · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Chemin Vert 12, 7080 Frameries
since 19792.021.690.430
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53028B0216/00G002 | Wallonia | 205 m² | 1 · 63 m² | 10.3 m · 3 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.
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Of 20,018 companies in sector 43320 we hold annual accounts for 9,132. 7,713 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded19-09-1979
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
Scores and ratios are computed by Checked and are not a credit decision.