Goderis - De Keyser
ActiveSummary
The computed 12-month bankruptcy probability of Goderis - De Keyser is 2.4% (moderate). The 2025 annual accounts show equity of €64,044 and a net result of €23,967. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 52% of 4718 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability88▲+29
Solvency65▲+7
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 2.75 against 2.85 in 2024; short-term debt: 21.4% and cash: 35.3% of total assets), but 59.6% of the assets are financed with debt.
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Signals
Four 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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
40.4%
Return on assets
15.1%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 20-11-2025, 161 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
161 d early
2024
127 d early
2023
132 d early
2022
137 d early
2021
96 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 131 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 20 December (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2025, micro schema
Equity
€64,044▲ 41.4%
2024 · €45,277
Total assets
€158,662▲ 14.6%
2024 · €138,428
Net result
€23,967
2024 · -€10,372
Working capital
€59,523▲ 12.2%
2024 · €53,036
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€33,134-€9,085▼ 72.6%€11,538▲ 27.0%-€6,536€36,116
Net result€28,618above the sector's middle half-€5,616within the sector's middle half▼ 80.4%€6,615within the sector's middle half▲ 17.8%-€10,372below the sector's middle half€23,967above the sector's middle half
Equity€46,618within the sector's middle half-€52,235within the sector's middle half▲ 12.0%€58,850within the sector's middle half▲ 12.7%€45,277within the sector's middle half▼ 23.1%€64,044within the sector's middle half▲ 41.4%
Total assets€128,312within the sector's middle half-€121,129within the sector's middle half▼ 5.6%€156,518within the sector's middle half▲ 29.2%€138,428within the sector's middle half▼ 11.6%€158,662within the sector's middle half▲ 14.6%
Debt€81,694-€68,894▼ 15.7%€97,669▲ 41.8%€93,151▼ 4.6%€94,618▲ 1.6%
Working capital€18,282within the sector's middle half-€27,211within the sector's middle half▲ 48.8%€20,073within the sector's middle half▼ 26.2%€53,036above the sector's middle half▲ 164%€59,523above the sector's middle half▲ 12.2%
Solvency36.3%within the sector's middle half-43.1%within the sector's middle half▲ 6.8pp37.6%within the sector's middle half▼ 5.5pp32.7%within the sector's middle half▼ 4.9pp40.4%within the sector's middle half▲ 7.7pp
Current ratio1.49within the sector's middle half-1.62within the sector's middle half▲ 0.141.40within the sector's middle half▼ 0.222.85above the sector's middle half▲ 1.452.75above the sector's middle half▼ 0.10
Return on assets (ROA)22.3%above the sector's middle half-4.6%within the sector's middle half▼ 17.7pp4.2%within the sector's middle half▼ 0.4pp-7.5%below the sector's middle half▼ 11.7pp15.1%within the sector's middle half▲ 22.6pp
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €36,116 after a loss of €6,536 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €158,662
Fixed assets
€65,197 ▲ 14.9%
Current assets
€93,465 ▲ 14.4%
Equity and liabilities €158,662
Equity
€64,044 ▲ 41.4%
Debt
€94,618 ▲ 1.6%
Debt's share of the balance-sheet total falls from 67.3% to 59.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€57,081▲
2024 · €29,651
Cash flow
€44,932▲
2024 · €25,814
Debt to equity
1.48▼
2024 · 2.06
ROE
37.4%▲
2024 · -22.9%
Interest coverage
12.14▲
2024 · 9.29
Debt ≤ 1 year
€33,942▲
2024 · €28,663
Debt > 1 year
€57,000▼
2024 · €63,000
Income taxes
€7,447▲
2024 · €644
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,975 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,865 | €22,198 | €29,905 | €36,186 | €20,966 | ▼ 42.1% |
| Other operating charges640/8 | - | €1,008 | €1,894 | €2,097 | €1,817 | ▼ 13.3% |
| Gross operating margin9900 | €75,306 | €32,291 | €43,337 | €31,748 | €58,899 | ▲ 85.5% |
| Operating profit (loss)9901 | €33,134 | €9,085 | €11,538 | -€6,536 | €36,116 | ▲ 653% |
| Financial income75/76B | - | €30 | €0 | - | €0 | - |
| Recurring financial income75 | €551 | €30 | €0 | - | €0 | - |
| Financial charges65/66B | - | €1,530 | €2,080 | €3,193 | €4,702 | ▲ 47.3% |
| Recurring financial charges65 | €4,360 | €1,530 | €2,080 | €3,193 | €4,702 | ▲ 47.3% |
| Profit (loss) for the period before taxes9903 | €29,326 | €7,585 | €9,458 | -€9,728 | €31,414 | ▲ 423% |
| Income taxes67/77 | €707 | €1,969 | €2,844 | €644 | €7,447 | ▲ 1,056% |
| Profit (loss) for the period9904 | €28,618 | €5,616 | €6,615 | -€10,372 | €23,967 | ▲ 331% |
| Profit (loss) for the period to be appropriated9905 | €28,618 | €5,616 | €6,615 | -€10,372 | €23,967 | ▲ 331% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €128,312 | €121,129 | €156,518 | €138,428 | €158,662 | ▲ 14.6% |
| Fixed assets21/28 | €72,395 | €50,197 | €86,476 | €56,729 | €65,197 | ▲ 14.9% |
| Tangible fixed assets22/27 | €70,260 | €48,062 | €83,591 | €53,844 | €63,062 | ▲ 17.1% |
| Plant, machinery and equipment23 | - | €409 | €288 | €1,567 | €3,461 | ▲ 121% |
| Furniture and vehicles24 | - | €757 | €58,051 | €48,671 | €59,600 | ▲ 22.5% |
| Leasing and similar rights25 | - | €46,895 | €25,251 | €3,607 | - | - |
| Financial fixed assets28 | €2,135 | €2,135 | €2,885 | €2,885 | €2,135 | ▼ 26.0% |
| Current assets29/58 | €55,917 | €70,933 | €70,043 | €81,699 | €93,465 | ▲ 14.4% |
| Amounts receivable within one year40/41 | €24,317 | €7,172 | €23,074 | €24,144 | €35,679 | ▲ 47.8% |
| Trade receivables40 | - | €6,641 | €21,645 | €23,614 | €34,938 | ▲ 48.0% |
| Other amounts receivable41 | - | €531 | €1,429 | €530 | €741 | ▲ 39.8% |
| Cash at bank and in hand54/58 | €31,036 | €63,449 | €45,851 | €56,207 | €55,955 | ▼ 0.4% |
| Deferred charges and accrued income490/1 | - | €312 | €1,118 | €1,348 | €1,832 | ▲ 35.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €128,312 | €121,129 | €156,518 | €138,428 | €158,662 | ▲ 14.6% |
| Equity10/15 | €46,618 | €52,235 | €58,850 | €45,277 | €64,044 | ▲ 41.4% |
| Contributions10/11 | - | €18,000 | €18,000 | €18,000 | €18,000 | = |
| Reserves13 | €28,618 | €34,235 | €40,850 | €27,277 | €46,044 | ▲ 68.8% |
| Distributable reserves133 | - | €34,235 | €40,850 | €27,277 | €46,044 | ▲ 68.8% |
| Amounts payable17/49 | €81,694 | €68,894 | €97,669 | €93,151 | €94,618 | ▲ 1.6% |
| Amounts payable after more than one year17 | €44,059 | €25,173 | €47,333 | €63,000 | €57,000 | ▼ 9.5% |
| Financial debts170/4 | - | €25,173 | €47,333 | €15,500 | €9,500 | ▼ 38.7% |
| Other amounts payable178/9 | - | - | - | €47,500 | €47,500 | = |
| Amounts payable within one year42/48 | €37,635 | €43,721 | €49,969 | €28,663 | €33,942 | ▲ 18.4% |
| Current portion of amounts payable after more than one year42 | - | €18,885 | €25,341 | €11,833 | €6,000 | ▼ 49.3% |
| Trade debts44 | €5,890 | €13,483 | €8,959 | €7,004 | €9,160 | ▲ 30.8% |
| Suppliers440/4 | - | €13,483 | €8,959 | €7,004 | €9,160 | ▲ 30.8% |
| Taxes, remuneration and social security45 | - | €4,245 | €8,567 | €7,203 | €15,724 | ▲ 118% |
| Taxes450/3 | - | €4,245 | €8,567 | €7,203 | €15,724 | ▲ 118% |
| Other amounts payable47/48 | - | €7,108 | €7,103 | €2,623 | €3,059 | ▲ 16.6% |
| Accrued charges and deferred income492/3 | - | - | €367 | €1,488 | €3,676 | ▲ 147% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,618 | €5,616 | €6,615 | -€10,372 | €23,967 | ▲ 331% |
| + Depreciation and write-downs630 | €39,865 | €22,198 | €29,905 | €36,186 | €20,966 | ▼ 42.1% |
| Operating cash flow (approximation) | €68,484 | €27,815 | €36,520 | €25,814 | €44,932 | ▲ 74.1% |
| Investment in fixed assets (approximation) | - | €0 | -€66,184 | -€6,440 | -€29,433 | ▼ 357% |
| Change in cash | - | €32,413 | -€17,597 | €10,356 | -€252 | ▼ 102% |
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
2025
20-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-09
Financial
Back to profitnet €23,967
Net result €23,967 after one loss-making year.
2024
24-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-09
Financial
Weakest financial yearnet -€10,372
Net result drops to -€10,372, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity doublescurrent ratio 2.85
Current ratio from 1.40 to 2.85; short-term debt falls from €49,969 to €28,663.
2023
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
14-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
24-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Houthulst · 1 establishment unit since 2019
Ground area
471 m²
Building footprint
132 m²
Volume, LiDAR
579 m³
Parcel 32006C0453/00C002, Flanders · tallest building 7.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Goderis - De Keyser
since 20192.295.527.368
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32006C0453/00C002 | Flanders | 471 m² | 1 · 132 m² | 7.4 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 127 EUR awarded · 127 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 44 EUR | 44 EUR |
| 2024 | 1 | 44 EUR | 44 EUR |
| 2022 | 1 | 39 EUR | 39 EUR |
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Of 12,583 companies in sector 49410 we hold annual accounts for 8,204. 6,150 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-10-2019
Fiscal year end30-09
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0736781712
Also
9925:BE0736781712
Registered
15-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.