GODEFROOT
ActiveSummary
GODEFROOT has been active since 1980 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €463,453 and a net result of €50,528. Equity has been growing by about 12% per year since 2018. The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 04-03-1980 Normal situation
- Activity
- “De aankoop en de verkoop van alle onbebouwde en bebouwde onroerende goederen van alle…” (deed in Dutch)From the articles, 8 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.017.273.960 9831 Sint-Martens-Latem, since 01-09-1980
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Board and ownership
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €128,309
- ▲ 4.3%
- Turnover
- ≈ €330,000
- estimated
- Profit
- €50,528
- ▲ 0.3%
- Equity
- €463,453
- ▲ 12.2%
- Total assets
- €650,133
- ▼ 4.5%
Score breakdownlowers riskSize: total assets €650,133No main activity registeredEquity €463,453 (71.3% of total assets)Founded in 1980Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 59% of them on solvency, 41% on liquidity, 61% on profitability and 70% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 16 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 07-07-2026 at the NBB all 46 filings
Every figure per financial year
The operating result for 2025 is 4% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €7,074 | €16,284 | €26,591 | - |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €30,046 | €30,149 | €30,901 | €33,327 | €35,041 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,046 | €30,046 | €30,046 | €30,046 | €30,149 | €30,901 | €33,327 | €35,041 | ▲ 5.1% |
| Other operating charges640/8 | - | - | - | €8,418 | €7,829 | €8,441 | €7,897 | €8,058 | ▲ 2.0% |
| Gross operating margin9900 | €65,219 | €74,424 | €89,456 | €89,209 | €96,573 | €114,956 | €122,978 | €128,309 | ▲ 4.3% |
| Operating profit (loss)9901 | €17,410 | €36,722 | €50,979 | €50,745 | €58,594 | €75,614 | €81,754 | €85,211 | ▲ 4.2% |
| Financial income75/76B | - | - | - | - | €2,792 | €0 | €0 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | - | - | €2,792 | €0 | €0 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €8,140 | €8,438 | €11,301 | €11,781 | €5,509 | ▼ 53.2% |
| Recurring financial charges65 | €0 | €15,137 | €8,258 | €8,140 | €8,438 | €11,301 | €11,781 | €5,509 | ▼ 53.2% |
| Profit (loss) for the period before taxes9903 | €17,410 | €21,585 | €42,721 | €42,605 | €52,949 | €64,313 | €69,973 | €79,701 | ▲ 13.9% |
| Income taxes67/77 | €6,051 | €7,813 | €14,422 | €14,770 | €18,028 | €21,504 | €19,615 | €29,173 | ▲ 48.7% |
| Profit (loss) for the period9904 | €11,359 | €13,772 | €28,300 | €27,835 | €34,921 | €42,809 | €50,358 | €50,528 | ▲ 0.3% |
| Profit (loss) for the period to be appropriated9905 | €11,359 | €13,772 | €28,300 | €27,835 | €34,921 | €42,809 | €50,358 | €50,528 | ▲ 0.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €796,211 | €766,190 | €734,740 | €702,371 | €681,724 | €674,016 | €680,970 | €650,133 | ▼ 4.5% |
| Fixed assets21/28 | €792,142 | €762,096 | €732,050 | €702,004 | €678,929 | €664,312 | €657,576 | €622,535 | ▼ 5.3% |
| Tangible fixed assets22/27 | €792,068 | €762,021 | €731,975 | €701,929 | €678,854 | €664,238 | €657,502 | €622,461 | ▼ 5.3% |
| Land and buildings22 | - | - | - | €567,693 | €546,540 | €525,387 | €522,683 | €499,652 | ▼ 4.4% |
| Plant, machinery and equipment23 | - | - | - | €134,237 | €132,315 | €138,851 | €134,819 | €122,809 | ▼ 8.9% |
| Financial fixed assets28 | €74 | €74 | €74 | €74 | €74 | €74 | €74 | €74 | = |
| Current assets29/58 | €4,069 | €4,094 | €2,690 | €368 | €2,796 | €9,704 | €23,394 | €27,598 | ▲ 18.0% |
| Amounts receivable within one year40/41 | - | - | - | €230 | €2,522 | €0 | €2,386 | €3,514 | ▲ 47.3% |
| Trade receivables40 | - | - | - | - | - | - | €1 | €25 | ▲ 28× |
| Other amounts receivable41 | - | - | - | €230 | €2,522 | €0 | €2,385 | €3,489 | ▲ 46.3% |
| Cash at bank and in hand54/58 | €4,069 | €4,094 | €2,690 | €138 | €274 | €9,704 | €21,008 | €24,083 | ▲ 14.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €796,211 | €766,190 | €734,740 | €702,371 | €681,724 | €674,016 | €680,970 | €650,133 | ▼ 4.5% |
| Equity10/15 | €214,930 | €228,702 | €257,002 | €284,837 | €319,758 | €362,567 | €412,925 | €463,453 | ▲ 12.2% |
| Contributions10/11 | €70,000 | €70,000 | €70,000 | €70,000 | €70,000 | €70,000 | €70,000 | €70,000 | = |
| Capital10 | - | - | - | €70,000 | €70,000 | €70,000 | €70,000 | €70,000 | = |
| Issued capital100 | - | - | - | €70,000 | €70,000 | €70,000 | €70,000 | €70,000 | = |
| Reserves13 | €144,220 | €158,220 | €186,420 | €214,220 | €249,720 | €292,420 | €342,420 | €392,920 | ▲ 14.7% |
| Non-distributable reserves130/1 | - | - | - | €27,000 | €27,000 | €27,000 | €27,000 | €27,000 | = |
| Legal reserve130 | - | - | - | €27,000 | €27,000 | €27,000 | €27,000 | €27,000 | = |
| Distributable reserves133 | - | - | - | €187,220 | €222,720 | €265,420 | €315,420 | €365,920 | ▲ 16.0% |
| Profit (loss) carried forward14 | €711 | €482 | €582 | €618 | €38 | €147 | €505 | €534 | ▲ 5.6% |
| Amounts payable17/49 | €581,280 | €537,488 | €477,738 | €417,534 | €361,966 | €311,449 | €268,045 | €186,679 | ▼ 30.4% |
| Amounts payable after more than one year17 | - | €200,000 | €200,000 | €200,000 | €200,000 | €178,000 | €108,000 | €78,000 | ▼ 27.8% |
| Financial debts170/4 | - | - | - | €200,000 | €200,000 | €178,000 | €108,000 | €78,000 | ▼ 27.8% |
| Amounts payable within one year42/48 | €579,780 | €325,488 | €270,554 | €210,336 | €154,768 | €125,711 | €160,045 | €108,679 | ▼ 32.1% |
| Trade debts44 | €2,286 | €1,065 | €322 | €1,100 | €1,835 | €1,387 | €12,165 | €913 | ▼ 92.5% |
| Suppliers440/4 | - | - | - | €1,100 | €1,835 | €1,387 | €12,165 | €913 | ▼ 92.5% |
| Advances received on contracts in progress46 | - | - | - | €38,500 | €38,500 | €38,500 | €38,500 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €2,442 | €5,992 | €13,764 | €3,489 | €6,395 | ▲ 83.3% |
| Taxes450/3 | - | - | - | €2,442 | €5,992 | €13,764 | €3,489 | €6,395 | ▲ 83.3% |
| Other amounts payable47/48 | - | - | - | €168,294 | €108,441 | €72,060 | €105,892 | €101,371 | ▼ 4.3% |
| Accrued charges and deferred income492/3 | - | - | - | €7,198 | €7,198 | €7,738 | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,359 | €13,772 | €28,300 | €27,835 | €34,921 | €42,809 | €50,358 | €50,528 | ▲ 0.3% |
| + Depreciation and write-downs630 | €30,046 | €30,046 | €30,046 | €30,046 | €30,149 | €30,901 | €33,327 | €35,041 | ▲ 5.1% |
| Operating cash flow (approximation) | €41,405 | €43,818 | €58,346 | €57,882 | €65,070 | €73,710 | €83,685 | €85,569 | ▲ 2.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€7,074 | -€16,284 | -€26,591 | €0 | - |
| Change in cash | - | €26 | -€1,405 | -€2,552 | €136 | €9,430 | €11,304 | €3,075 | ▼ 72.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 20,136 companies had the same profile as GODEFROOT has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of GODEFROOT itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,136 companies, not a prediction for GODEFROOT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 46 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 07-07-2026 | 2026-00263099 | |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00470956 | |
| 31-12-2023 | micro format | 21-08-2024 | 2024-00360155 | |
| 31-12-2022 | micro format | 23-08-2023 | 2023-00351218 | |
| 31-12-2021 | micro format | 25-08-2022 | 2022-20329147 | |
| 31-12-2020 | micro format | 09-08-2021 | 2021-48500232 | |
| 31-12-2019 | micro format | 27-08-2020 | 2020-45600024 | |
| 31-12-2018 | micro format | 18-07-2019 | 2019-34300310 | |
| 31-12-2017 | micro format | 30-08-2018 | 2018-60200406 | |
| 31-12-2016 | micro format | 25-08-2017 | 2017-48400339 |
Board & ownership
Directors
Board 2
Permanent representatives 2
Owners and capital
Capital transactions
- 29-09-2023 Capital stated in the deed · €70,000 · 6,416 shares
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| GO.MAN |
|
| LOGO BIKE |
|
| GODEFROOT Walter |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Raad kan voorzitter benoemen onder leden,zo niet waarneming door aangeduide aanwezige bestuurder, raad van bestuur”
Articles of association, deed of 29-09-2023 (in Dutch)
Network & group
Companies at the same address
4 other companiesConnections & network
1 connected companyThe connected companies are in the list below.
Timeline
Acts, filings and financial milestones
29-09
Gazette deed
1 director resigning, 2 reappointedResignation: GODEFROOT Walter (bestuurder) · Reappointments: LOGO BIKE (director) and GO.MAN (director) · Permanent representatives: GODEFROOT Christophe and GODEFROOT Peter13 points ▸
- General meeting, 12-09-2023
- Amendment of the articles, mentioned 4 times in the deed
- Purpose change
- Capital, €70,000
- Director resignation, GODEFROOT Walter ((niet statutair) bestuurder)
- Director discharge, GODEFROOT Walter
- Director reappointment, LOGO BIKE (director (not named in the articles))
- Director reappointment, GO.MAN (director (not named in the articles))
- Permanent representative, GODEFROOT Christophe
- Permanent representative, GODEFROOT Peter
- Other provision, “bevoegdheden herbenoemde bestuurders, 10 en 11 van statuten” (deed in Dutch)
- Power of attorney
- The act holds 1 more point.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
8 activities
- De aankoop en de verkoop van alle onbebouwde en bebouwde onroerende goederen van alle aard en voor alle bestemmingen,het verkavelen,uitrusten,inrichten en tot waarde brengen op alle mogelijke wijzen van alle onbebouwde onroerende goederen,het bouwen,verbouwen,aanpassen,herstellen van alle gebouwen en constructies bij middel van alle technieken en in alle stadia van afwerking.
- Het huren,verhuren,leasen en uitbaten op alle mogelijke wijzen van alle mogelijke onbebouwde en bebouwde onroerende goederen.
- Het in bewaring nemen van onroerende goederen,de specifieke activiteit van de onroerende promotie.
- Dit alles in de hoedanigheid van hoofdhandelaar,dan wel als makelaar,bemiddelaar,agent of commissaris,als hoofdaannemer dan wel als onderaannemer en binnen het kader van de wettelijke en bestuurlijke voorschriften terzake.
- Alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het oordeelkundig beheer van een onroerend patrimonium,alsook van een roerend patrimonium doch dit slechts voor eigen rekening.
- Alle activiteiten van een houdstermaatschappij en namelijk het verwerven,aankopen en verkopen,beheren en tot waarde brengen van alle participaties,aandelen van en in alle vennootschappen en ondernemingen.
- Het verlenen van diensten en adviezen aan personen en bedrijven,in het algemeen met betrekking tot het bedrijfsbeheer,managementsadvies,het voeren van marketingcampagnes en al wat daarmede rechtstreeks of onrechtstreeks verband houdt.
- De vennootschap mag alle verbintenissen aangaan,kredieten en leningen toestaan aan haar aandeelhouders en/of bestuurders,zich voor derden borg stellen door haar goederen in hypotheek of in pand te geven,inclusief de eigen handelszaak.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44015A0362/00R000 | Flanders | 2,563 m² | 1 · 1,077 m² | 8.6 m · 2 |