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Generated 06-08-2026
Active BE 0440.732.168Private limited companyOpen bankruptcy

GODEAU FRERES

Chaussée de Braine-le-Comte 2 ·1400 Nivelles, Belgium· 36 yrs active
Sector: Plumbing (43221)
Conclusion Checked

A bankruptcy procedure is open for GODEAU FRERES according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €502k and a net result of €277k.

Based on the State Gazette, CBE and 5 annual accounts.
Key figures
Equity €502k
Net result €277k
Staff (FTE) 13.3
Better than sector 56%
Snowflake analysis 5 axes · computed by Checked
Health31Profitability97Solvency80Growth75Stability0
57 / 100

Mixed profile: strong on profitability, weaker on stability.

Health 31
Profitability 97
Solvency 80
Growth 75
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
50 / 100
High risk
Components
· Open bankruptcy (+50)
Trust signals 1 signals
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags 0 events
No administrative flags
Health barometer FY 2022 · computed
31 / 100 Weak
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 29-06-2023 with the NBB · fiscal year 2022 · volledig
€0€1.00M€2.00MRevenue 2018: €1.34M€1.34MOperating result 2018: €160k€160kNet result 2018: €129k€129kRevenue 2019: €1.46M€1.46MOperating result 2019: €158k€158kNet result 2019: €124k€124kRevenue 2020: €1.27M€1.27MOperating result 2020: €115k€115kNet result 2020: €99k€99kRevenue 2021: €1.98M€1.98MOperating result 2021: €364k€364kNet result 2021: €296k€296kRevenue 2022: €2.05M€2.05MOperating result 2022: €373k€373kNet result 2022: €277k€277k20182019202020212022
RevenueOperating resultNet result
Sector comparison
Fiscal year 2022 · NACE 43, Specialised construction · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency 39.6% 33.7%
better than 56% of 409 sector peers
Net result €277k €21k
better than 92% of 408 sector peers
Equity €502k €85k
better than 85% of 409 sector peers
Gross operating margin €944k €103k
better than 92% of 385 sector peers
Staff costs €503k €161k
higher than 78% of 270 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€2.05M
+3.6% far above sector median
EBITDA
€406k
-3.9% far above sector median
Net profit
€277k
-6.5% far above sector median
Cash flow
€311k
-12.4% far above sector median
Total assets
€1.27M
-8.4% far above sector median
Equity
€502k
-40.3% far above sector median
Working capital
€532k
+12.3% far above sector median
Employees (FTE)
13
-2.2% 18-22
Staff costs
€503k
- 18-22
Income taxes
€91k
+9.5% far above sector median
Dividends
€250k
+1566.7% far above sector median
Debt
€766k
+41.1% far above sector median
Debt ≤ 1y
€622k
+61.0% far above sector median
Debt > 1y
€144k
-7.9% 18-22
Current ratio
1.86
-16.7% +38% vs sector
Quick ratio
1.74
-19.5% +29% vs sector
Solvency
39.6%
-34.9% +13% vs sector
Debt / equity
1.53
+719.2% +23% vs sector
ROE
55.2%
+56.6% far above sector median
ROA
21.9%
+2.0% far above sector median
Net margin
13.5%
-9.8% far above sector median
EBITDA margin
19.8%
-7.2% far above sector median
Interest coverage
95.83
- far above sector median
Figures by fiscal year
Fiscal year2022
Revenue€2.05M
EBITDA€406k
Net profit€277k
Cash flow€311k
Staff costs€503k
Income taxes€91k
Dividends€250k
Total assets€1.27M
Equity€502k
Debt€766k
of which ≤ 1y€622k
of which > 1y€144k
Working capital€532k
Employees (FTE)13.3
Ratios (computed)
2022
Current ratio1.86
Quick ratio1.74
Working capital ratio42.0%
Solvency39.6%
Debt / equity1.53
Long-term debt ratio0.29
Interest coverage95.83
Gross margin41.4%
Net margin13.5%
ROA21.9%
ROE55.2%
EBITDA margin19.8%
Days sales outstanding53d
Days payable outstanding23d
Inventory turnover16.41
Days inventory (DSI)22d
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€1.27M
Fixed assets 21/28€114k
Tangible fixed assets 22/27€114k
Current assets 29/58€1.15M
Stocks & contracts in progress 3€73k
Amounts receivable within one year 40/41€607k
Investments 50/53€159
Cash & bank 54/58€444k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.27M
Equity 10/15€502k
Contributions / capital 10/11€11k
Reserves 13€297k
Accumulated profits (losses) 14€195k
Amounts payable 17/49€766k
Amounts payable after one year 17€144k
Amounts payable within one year 42/48€622k
Trade debts payable within one year 44€76k
Income statement
Turnover 70€2.05M
Gross operating margin 9900€944k
Operating result 9901€373k
Financial charges 65€4k
Result before taxes 9903€368k
Income taxes 67/77€91k
Net result for the period 9904€277k
Result to be appropriated 9905€277k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates1 person
Role Name Tenure Source
Curator JEAN NOEL BASTENIERE
CHAUSSEE DE LOUVAIN 241, 1410 WATERLOO
 23-07-2024 → present Belgian State Gazette
Legal Structure
NACE primary Plumbing(43221)
Legal form Private limited company(610)
Incorporation25-04-1990
StatusActive
Postal code1400
First BS signal 16-08-2024
Latest BS signal 16-08-2024
Company structure, linked entities1 linked entities
GODEAU FRERESBE 0440.732.168JEAN NOEL BASTENIEREReceiver
Mandates
Establishment units 1 location
Chaussée de Braine-le-Comte 4, 1400 Nivelles
het plaatsen van dakbedekking van ongeacht welk materiaal
since 19902.049.467.963
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

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.
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.
Updates 12 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024
16-08-2024
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
29-06-2023
NBB filing Annual accounts filed
fiscal year 2022 · volledig
2022
15-09-2022
State Gazette act Director changes
28-03-2022
NBB filing Annual accounts filed
fiscal year 2021 · volledig
2021
07-05-2021
NBB filing Annual accounts filed
fiscal year 2020 · volledig
2020
06-05-2020
NBB filing Annual accounts filed
fiscal year 2019 · volledig
2019
05-04-2019
NBB filing Annual accounts filed
fiscal year 2018 · volledig
2018
04-04-2018
NBB filing Annual accounts filed
fiscal year 2017 · volledig
2017
02-05-2017
NBB filing Annual accounts filed
fiscal year 2016 · volledig
2016
02-04-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
2015
22-04-2015
NBB filing Annual accounts filed
fiscal year 2014 · volledig
2014
02-04-2014
NBB filing Annual accounts filed
fiscal year 2013 · volledig
Lifecycle & Insolvency Signals 1 events
16-08-2024
Bankruptcy Opening
Date: 23-07-2024 · Tribunal de l’entreprise du Brabant wallon · GODEAU FRERES SRL CHAUSSEE DE BRAINE-LE-COMTE 2, 1400 NIVELLES · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262024-08-16 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 3 years ago
2022
15-09-2022 2 directors appointed, 1 resigning Director changes
  • JAC MANAGEMENT, Bestuurder
  • Jérôme Coucharière, Directeur
  • Christian Godeau, Bestuurder
Technical details 
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Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Loodgieterswerk43221Sanitaire werkzaamheden43221Overig loodgieterswerk45332Installatie van verwarming, klimaatregeling en ventilatie43222Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit43222Installatie van verwarming, klimaatregeling en ventilatie45331
Primary activity highlighted.
Names & trade names
Legal nameFR GODEAU FRERES
Registered office
Chaussée de Braine-le-Comte 2
1400 Nivelles, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative