GODDEERIS
ActiveSummary
GODDEERIS has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.81M and a net result of €160k. Equity is growing by ~10.2% per year across the filed fiscal years. Its solvency ranks better than 40% of 2045 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability42▼-18
Solvency60▼-1
Growth70▼-6
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €220k at 30 days acceptable
Liquidity ample (current ratio 1.58 against 1.75 in 2024; short-term debt: 56.8% and cash: 3.8% of total assets), but 64.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
35.5%
Return on assets
1.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
21 d early
2022
20 d early
2021
11 d early
2020
12 d early
2019
20 d late
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€16.18M▼ 21.9%
2024 · €20.71M
2018: €10.58M
2019: €9.35M
2020: €9.23M
2021: €10.58M
2022: €16.09M
2023: €20.69M
2024: €20.71M
2018 → 2025
EBIT margin
2.4%▼ 4.7pp
2024 · 7.0%
2018: 1.7%
2019: 0.5%
2020: -2.1%
2021: -1.7%
2022: 3.0%
2023: 6.2%
2024: 7.0%
2018 → 2025
Net result
€160k▼ 80.3%
2024 · €812k
2018: €105k
2019: €-12k
2020: €-227k
2021: €-198k
2022: €332k
2023: €863k
2024: €812k
2018 → 2025
Working capital
€3.54M▼ 16.0%
2024 · €4.21M
2018: €1.43M
2019: €1.43M
2020: €1.15M
2021: €1.43M
2022: €2.52M
2023: €3.71M
2024: €4.21M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€10.58M-€16.09M▲ 52.1%€20.69M▲ 28.6%€20.71M▲ 0.1%€16.18M▼ 21.9%
Equity€1.65M-€1.98M▲ 20.1%€2.84M▲ 43.6%€3.65M▲ 28.6%€3.81M▲ 4.4%
Operating result€-181k-€490k€1.28M▲ 161%€1.45M▲ 13.5%€380k▼ 73.8%
Net result€-198k-€332k€863k▲ 160%€812k▼ 5.9%€160k▼ 80.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 74% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.75M
Fixed assets
€1.11M ▲ 170%
Current assets
€9.65M ▼ 1.9%
Equity and liabilities €10.75M
Equity
€3.81M ▲ 4.4%
Debt
€6.94M ▲ 5.3%
Debt's share of the balance-sheet total rises from 64.3% to 64.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€482k▼
2024 · €1.53M
Cash flow
€262k▼
2024 · €890k
Current ratio
1.58▼
2024 · 1.75
Quick ratio
0.75▼
2024 · 0.84
Debt to equity
1.82▲
2024 · 1.80
ROE
4.2%▼
2024 · 22.2%
ROA
1.5%▼
2024 · 7.9%
Interest coverage
3.17▼
2024 · 4.34
Debt ≤ 1 year
€6.11M▲
2024 · €5.62M
Debt > 1 year
€815k▼
2024 · €949k
Income taxes
€77k▼
2024 · €286k
Staff costs
€2.27M▲
2024 · €2.13M
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 · 82 lines
Balance sheet
Code20242025
Assets
Total assets20/58€10.24M€10.75M▲
Fixed assets21/28€409k€1.11M▲
Tangible fixed assets22/27€405k€1.10M▲
Land and buildings22€40k€186k▲
Plant, machinery and equipment23€201k€765k▲
Furniture and vehicles24€163k€149k▼
Other tangible fixed assets26€1k-
Financial fixed assets28€5k€5k=
Other financial fixed assets284/8€5k€5k=
Amounts receivable and cash guarantees285/8€5k€5k=
Current assets29/58€9.83M€9.65M▼
Stocks and contracts in progress3€5.12M€5.04M▼
Stocks30/36€1.12M€1.05M▼
Raw materials and consumables30/31€1.12M€1.05M▼
Contracts in progress37€4.00M€3.99M▼
Amounts receivable within one year40/41€4.46M€4.11M▼
Trade receivables40€3.89M€3.77M▼
Other amounts receivable41€565k€338k▼
Cash at bank and in hand54/58€234k€407k▲
Deferred charges and accrued income490/1€23k€90k▲
Equity and liabilities
Total equity and liabilities10/49€10.24M€10.75M▲
Equity10/15€3.65M€3.81M▲
Contributions10/11€63k€63k=
Capital10€63k€63k=
Issued capital100€63k€63k=
Reserves13€3.59M€3.75M▲
Non-distributable reserves130/1€57k€57k=
Legal reserve130€6k€6k=
Other1319€51k€51k=
Tax-exempt reserves132€111k€322k▲
Distributable reserves133€3.42M€3.37M▼
Amounts payable17/49€6.59M€6.94M▲
Amounts payable after more than one year17€949k€815k▼
Financial debts170/4€949k€815k▼
Subordinated loans170€815k€815k=
Other loans174€134k-
Amounts payable within one year42/48€5.62M€6.11M▲
Current portion of amounts payable after more than one year42€120k€63k▼
Financial debts43€3.05M€3.86M▲
Credit institutions430/8€3.02M€3.72M▲
Other loans439€38k€140k▲
Trade debts44€1.92M€1.86M▼
Suppliers440/4€1.92M€1.86M▼
Taxes, remuneration and social security45€469k€272k▼
Taxes450/3€356k€42k▼
Remuneration and social security454/9€113k€230k▲
Other amounts payable47/48€58k€56k▼
Accrued charges and deferred income492/3€18k€13k▼
Income statement
Code20242025
Operating income70/76A€21.35M€16.26M▼
Turnover70€20.71M€16.18M▼
Change in stocks of work in progress, finished goods and contracts in progress71€480k€-10k▼
Other operating income74€164k€85k▼
Operating charges60/66A€19.90M€15.88M▼
Goods for resale, raw materials and consumables60€14.27M€10.89M▼
Purchases600/8€14.29M€10.82M▼
Change in stocks: decrease (increase)609€-22k€70k▲
Services and other goods61€3.37M€2.55M▼
Remuneration, social security and pensions62€2.13M€2.27M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€78k€102k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€881
Other operating charges640/8€52k€70k▲
Operating profit (loss)9901€1.45M€380k▼
Financial income75/76B€23k€10k▼
Recurring financial income75€23k€10k▼
Other financial income752/9€23k€10k▼
Financial charges65/66B€376k€154k▼
Recurring financial charges65€376k€154k▼
Debt charges650€352k€152k▼
Other financial charges652/9€24k€1k▼
Profit (loss) for the period before taxes9903€1.10M€237k▼
Income taxes67/77€286k€77k▼
Taxes670/3€628k€77k▼
Tax adjustments and reversals of tax provisions77€342k-
Profit (loss) for the period9904€812k€160k▼
Transfer to tax-exempt reserves689-€211k
Profit (loss) for the period to be appropriated9905€812k€-50k▼
Appropriation of the result
Profit (loss) to be appropriated9906€812k€-50k▼
Transfer from equity791/2-€50k
From reserves792-€50k
Transfer to equity691/2€812k-
To other reserves6921€812k-
Social balance
Average headcount (FTE)908730.531.2▲
The notes to these accounts (48 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €863k ▲160%
Net result €863k, the highest in the series.
31-12
Financial
Equity above €2MEq €2.84M ▲43.6%
2 profitable years in a row build equity to €2.84M.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €332k
Net result €332k after 3 loss-making years.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-227k
Net result drops to €-227k, the lowest in the series; recovery starts the following year.
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 20 days late
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Roeselare · 1 establishment unit since 1962
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ovenhoek 268800 RoeselareGround area
8,965 m²
Building footprint
2,318 m²
Volume, LiDAR
12 m³
Parcel 36504D1333/00A000, Flanders · tallest building 0.8 m. Linked by address, not a title deed.
1 establishment unit
Ovenhoek 26, 8800 Roeselare
since 19622.003.710.390
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36504D1333/00A000 | Flanders | 8,965 m² | 1 · 2,318 m² | 0.8 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 26,655 EUR awarded · 26,365 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 7,500 EUR | 7,500 EUR |
| 2024 | 1 | 7,959 EUR | 8,045 EUR |
| 2023 | 2 | 6,164 EUR | 6,088 EUR |
| 2022 | 1 | 5,032 EUR | 4,732 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Recognised contractor
3 categoriesGODDEERIS NV42285
Dual-learning approval
1 endedSanitair installateur (so)
Similar companies · same sector, comparable size
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EUROPEAN VENTILATION TECHNICS
BE 0705.971.542
Tessenderlo-Ham · Eq €3.70M
Remeha
BE 0403.649.563
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Jansen Cleanrooms & Labs
BE 0463.984.850
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Of 9,530 companies in sector 43222 we hold annual accounts for 5,662. 1,258 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43211General electrical installation work
43221Plumbing work
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.