GODEAU FRERES
Open bankruptcyA bankruptcy procedure is open for GODEAU FRERES according to publications in the Belgian State Gazette; curator: JEAN NOEL BASTENIERE. The 2022 annual accounts show equity of €502k and a net result of €277k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 29-06-2023, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
32 d early
2021
125 d early
2020
85 d early
2019
86 d early
← before the deadline
after the deadline →
Financials · fiscal year 2022, full schema
Turnover
€2.05M▲ 3.6%
2021 · €1.98M
2018: €1.34M
2019: €1.46M
2020: €1.27M
2021: €1.98M
2018 → 2022
EBIT margin
18.1%▼ 0.2pp
2021 · 18.4%
2018: 11.9%
2019: 10.8%
2020: 9.1%
2021: 18.4%
2018 → 2022
Net result
€277k▲ 0.1%
2021 · €277k
2018: €109k
2019: €106k
2020: €81k
2021: €277k
2018 → 2022
Working capital
€532k▲ 12.3%
2021 · €474k
2018: €158k
2019: €162k
2020: €213k
2021: €474k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€1.34M-€1.46M▲ 8.8%€1.27M▼ 12.9%€1.98M▲ 55.6%€2.05M▲ 3.6%
Equity€467k-€498k▲ 6.7%€564k▲ 13.2%€841k▲ 49.1%€502k▼ 40.3%
Operating result€160k-€158k▼ 1.1%€115k▼ 27.0%€364k▲ 216%€373k▲ 2.2%
Net result€109k-€106k▼ 2.8%€81k▼ 23.9%€277k▲ 243%€277k▲ 0.1%
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed two years in a row; 2022 is 2% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €1.27M
Fixed assets
€114k▼ 78.2%
Current assets
€1.15M▲ 34.1%
Equity and liabilities €1.27M
Equity
€502k▼ 40.3%
Debt
€766k▲ 41.1%
The debt ratio rises from 39.2% to 60.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€406k▼
2021 · €423k
Cash flow
€311k▼
2021 · €335k
Solvency
39.6%▼
2021 · 60.8%
Current ratio
1.86▼
2021 · 2.23
Quick ratio
1.74▼
2021 · 2.16
Debt / equity
1.53▲
2021 · 0.19
ROE
55.2%▲
2021 · 33.0%
ROA
21.9%▲
2021 · 20.0%
Interest coverage
95.83
Debt
€766k▲
2021 · €543k
Debt ≤ 1 year
€622k▲
2021 · €386k
Debt > 1 year
€144k▼
2021 · €157k
Income taxes
€91k▲
2021 · €83k
Staff costs
€503k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€1.38M€1.27M▼
Fixed assets21/28€523k€114k▼
Tangible fixed assets22/27€523k€114k▼
Plant, machinery and equipment23-€10k
Furniture and vehicles24-€104k
Current assets29/58€860k€1.15M▲
Stocks and contracts in progress3€27k€73k▲
Stocks30/36-€73k
Amounts receivable within one year40/41€224k€607k▲
Trade receivables40-€299k
Other amounts receivable41-€308k
Current investments50/53€159€159=
Cash at bank and in hand54/58€599k€444k▼
Deferred charges and accrued income490/1-€29k
Equity and liabilities
Total equity and liabilities10/49€1.38M€1.27M▼
Equity10/15€841k€502k▼
Contributions10/11-€11k
Reserves13€525k€297k▼
Tax-exempt reserves132-€1k
Distributable reserves133-€295k
Profit (loss) carried forward14€296k€195k▼
Amounts payable17/49€543k€766k▲
Amounts payable after more than one year17€157k€144k▼
Financial debts170/4-€144k
Amounts payable within one year42/48€386k€622k▲
Current portion of amounts payable after more than one year42-€37k
Trade debts44€80k€76k▼
Suppliers440/4-€76k
Advances received on contracts in progress46-€194k
Taxes, remuneration and social security45-€49k
Taxes450/3-€24k
Remuneration and social security454/9-€25k
Other amounts payable47/48-€266k
Income statement
Code20212022
Turnover70€1.98M€2.05M▲
Goods, raw materials, services and sundry goods60/61-€1.20M
Remuneration, social security and pensions62-€503k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€58k€34k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3k
Other operating charges640/8-€32k
Gross operating margin9900€1.00M€944k▼
Operating profit (loss)9901€364k€373k▲
Recurring financial income75€787-
Financial charges65/66B-€4k
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€360k€368k▲
Income taxes67/77€83k€91k▲
Profit (loss) for the period9904€277k€277k▲
Profit (loss) for the period to be appropriated9905€277k€277k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€445k
Profit (loss) brought forward from the previous period14P-€167k
Profit to be distributed694/7-€250k
Return on contributions (dividend)694-€250k
Social balance
Average headcount (FTE)9087-13.3
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
16-08
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · GODEAU FRERES SRL CHAUSSEE DE BRAINE-LE-COMTE 2, 1400 NIVELLES · event 23-07-2024
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €277k ▲0.1%
Operating result €373k, net result €277k, both a record.
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
07-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €81k ▼23.9%
Net result drops to €81k, the lowest in the series.
31-12
Financial
Equity above €500kEq €564k ▲13.2%
3 profitable years in a row build equity to €564k.
06-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
05-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
02-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
02-04
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
22-04
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
02-04
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
SignalFinancial 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, Nivelles · 1 establishment unit since 1990
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.
Chaussée de Braine-le-Comte 21400 NivellesGround area
2,571 m²
Building footprint
193 m²
Volume, LiDAR
1,312 m³
2 parcels, Wallonia · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Chaussée de Braine-le-Comte 4, 1400 Nivelles
since 19902.049.467.963
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25783E0047/00A000 | Wallonia | 2,062 m² | 1 · 126 m² | 7.4 m · 2 fl. |
| 25783E0068/00M004 | Wallonia | 509 m² | 1 · 67 m² | 10.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JEAN NOEL BASTENIERE CHAUSSEE DE
LOUVAIN 241, 1410 WATERLOO |
23-07-2024 → present |
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Of 7,039 companies in sector 43221 we hold annual accounts for 3,469. 2,324 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-04-1990
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
45332
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.