GODEVIN
ActiveSummary
GODEVIN has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.5m and a net result of €531,286, of which €500,000 non-recurring income. Equity is growing by about 51% per year across the filed financial years. Its solvency ranks better than 93% of 13,626 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · financial year 2025, micro format
Equity
€3.5m▲ 17.8%
2024 · €3.0m
Total assets
€3.8m▲ 16.4%
2024 · €3.2m
Net result
€531,286▼ 77.7%
2024 · €2.4m
Working capital
€990,698▲ 239%
2024 · €292,465
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €6,087 in 2025 against €135,591 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.006m
2025
Net result€0.5m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€3.8m
2025
Equity€3.5m
2025
Debt€0.3m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1.0m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)14.0%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency92.8%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio4.64
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.1m-€0.09m▼ 7.7%€0.1m▲ 28.9%€0.1m▲ 1.8%€0.2m▲ 84.9%€0.09m▼ 56.0%-€0.1m-€0.006m▲ 95.5%
Net result€0.09m-€0.08m▼ 16.5%€0.05mabove the sector's middle half▼ 33.4%€0.1mabove the sector's middle half▲ 162%€0.2mabove the sector's middle half▲ 60.2%€0.08mabove the sector's middle half▼ 62.7%€2.4mabove the sector's middle half▲ 29×€0.5mabove the sector's middle half▼ 77.7%
Equity€0.2m-€0.2m▼ 8.3%€0.2mabove the sector's middle half▼ 8.0%€0.3mabove the sector's middle half▲ 67.7%€0.5mabove the sector's middle half▲ 66.5%€0.6mabove the sector's middle half▲ 14.5%€3.0mabove the sector's middle half▲ 396%€3.5mabove the sector's middle half▲ 17.8%
Total assets€0.3m-€0.3m▲ 23.7%€0.4mwithin the sector's middle half▲ 14.6%€0.4mabove the sector's middle half▲ 14.0%€0.6mabove the sector's middle half▲ 45.3%€0.7mabove the sector's middle half▲ 6.0%€3.2mabove the sector's middle half▲ 386%€3.8mabove the sector's middle half▲ 16.4%
Debt€0.05m-€0.1m▲ 178%€0.2m▲ 50.5%€0.1m▼ 38.2%€0.1m▼ 10.4%€0.07m▼ 35.6%€0.3m▲ 293%€0.3m▲ 0.6%
Working capital€0.04m-€0.03m▼ 38.9%-€0.02mbelow the sector's middle half€0.09mwithin the sector's middle half€0.1mabove the sector's middle half▲ 40.2%€0.2mabove the sector's middle half▲ 40.7%€0.3mabove the sector's middle half▲ 63.7%€1.0mabove the sector's middle half▲ 239%
Solvency82.8%-61.4%▼ 21.4pp49.3%within the sector's middle half▼ 12.1pp72.5%above the sector's middle half▲ 23.2pp83.0%above the sector's middle half▲ 10.6pp89.7%above the sector's middle half▲ 6.7pp91.7%above the sector's middle half▲ 2.0pp92.8%above the sector's middle half▲ 1.1pp
Current ratio2.28-1.22▼ 1.060.78below the sector's middle half▼ 0.432.60within the sector's middle half▲ 1.822.97within the sector's middle half▲ 0.374.77above the sector's middle half▲ 1.802.08within the sector's middle half▼ 2.694.64above the sector's middle half▲ 2.56
Return on assets (ROA)34.8%-23.5%▼ 11.3pp13.7%within the sector's middle half▼ 9.8pp31.4%above the sector's middle half▲ 17.8pp34.7%above the sector's middle half▲ 3.2pp12.2%within the sector's middle half▼ 22.5pp73.2%above the sector's middle half▲ 61.0pp14.0%above the sector's middle half▼ 59.1pp
above
within
below
the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.8m
Fixed assets
€2.5m ▼ 6.2%
Current assets
€1.3m ▲ 124%
Equity and liabilities €3.8m
Equity
€3.5m ▲ 17.8%
Debt
€272,521 ▲ 0.6%
Debt's share of the balance-sheet total falls from 8.3% to 7.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€20,876▲
2024 · -€107,050
Cash flow
€558,249▼
2024 · €2.4m
Debt to equity
0.08▼
2024 · 0.09
ROE
15.1%▼
2024 · 79.8%
Interest coverage
52.78▲
2024 · -166.32
Debt ≤ 1 year
€272,521▲
2024 · €270,870
Income taxes
€42,166▼
2024 · €254,629
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.01m | €0.01m | €0.01m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | ▼ 5.5% |
| Other operating charges640/8 | - | - | - | €0.003m | €302 | €0.003m | €0.005m | €0.007m | ▲ 39.9% |
| Gross operating margin9900 | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | €0.1m | -€0.1m | €0.03m | - |
| Operating profit (loss)9901 | €0.1m | €0.09m | €0.1m | €0.1m | €0.2m | €0.09m | -€0.1m | -€0.006m | ▲ 95.5% |
| Financial income75/76B | - | - | - | €80 | €0.04m | €0.008m | €2.8m | €0.6m | ▼ 79.6% |
| Recurring financial income75 | - | - | €0.001m | €80 | €0.001m | €0.007m | €0.09m | €0.08m | ▼ 13.2% |
| Non-recurring financial income76B | - | - | - | - | €0.04m | €0.001m | €2.8m | €0.5m | ▼ 81.9% |
| Financial charges65/66B | - | - | - | €0.001m | €0.001m | €0.006m | €0.08m | €396 | ▼ 99.5% |
| Recurring financial charges65 | €0.001m | €0.002m | €273 | €0.001m | €0.001m | €0.006m | €0.001m | €396 | ▼ 38.5% |
| Non-recurring financial charges66B | - | - | - | - | - | - | €0.08m | - | - |
| Profit (loss) for the period before taxes9903 | €0.1m | €0.09m | €0.1m | €0.1m | €0.3m | €0.1m | €2.6m | €0.6m | ▼ 78.2% |
| Income taxes67/77 | €0.002m | €0.009m | €0.06m | -€0.02m | €0.03m | €0.01m | €0.3m | €0.04m | ▼ 83.4% |
| Profit (loss) for the period9904 | €0.09m | €0.08m | €0.05m | €0.1m | €0.2m | €0.08m | €2.4m | €0.5m | ▼ 77.7% |
| Profit (loss) for the period to be appropriated9905 | €0.09m | €0.08m | €0.05m | €0.1m | €0.2m | €0.08m | €2.4m | €0.5m | ▼ 77.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.3m | €0.3m | €0.4m | €0.4m | €0.6m | €0.7m | €3.2m | €3.8m | ▲ 16.4% |
| Fixed assets21/28 | €0.2m | €0.2m | €0.3m | €0.3m | €0.4m | €0.4m | €2.7m | €2.5m | ▼ 6.2% |
| Tangible fixed assets22/27 | €0.06m | €0.05m | €0.2m | €0.1m | €0.1m | €0.07m | €0.05m | €0.03m | ▼ 47.8% |
| Land and buildings22 | - | - | - | €0.04m | €0.03m | €0.03m | €0.02m | €0.02m | ▼ 16.1% |
| Plant, machinery and equipment23 | - | - | - | €248 | - | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €0.09m | €0.07m | €0.04m | €0.03m | €0.007m | ▼ 74.1% |
| Financial fixed assets28 | €0.1m | €0.1m | €0.1m | €0.2m | €0.3m | €0.4m | €2.6m | €2.5m | ▼ 5.4% |
| Current assets29/58 | €0.08m | €0.2m | €0.09m | €0.1m | €0.2m | €0.2m | €0.6m | €1.3m | ▲ 124% |
| Amounts receivable within one year40/41 | €0.06m | €0.1m | €0.05m | €0.1m | €0.1m | €0.2m | €0.5m | €1.2m | ▲ 138% |
| Trade receivables40 | - | - | - | €107 | €402 | - | €0.01m | €0.09m | ▲ 491% |
| Other amounts receivable41 | - | - | - | €0.1m | €0.1m | €0.2m | €0.5m | €1.1m | ▲ 128% |
| Cash at bank and in hand54/58 | €0.02m | €0.004m | €0.02m | €0.04m | €0.04m | €0.01m | €0.03m | €0.04m | ▲ 31.1% |
| Deferred charges and accrued income490/1 | - | - | - | €0.004m | €0.008m | €0.001m | €0.02m | €0.01m | ▼ 58.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.3m | €0.3m | €0.4m | €0.4m | €0.6m | €0.7m | €3.2m | €3.8m | ▲ 16.4% |
| Equity10/15 | €0.2m | €0.2m | €0.2m | €0.3m | €0.5m | €0.6m | €3.0m | €3.5m | ▲ 17.8% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.002m | €0.08m | €0.1m | €0.3m | €0.5m | €0.6m | €2.9m | €3.5m | ▲ 18.0% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Distributable reserves133 | - | - | - | €0.3m | €0.5m | €0.6m | €2.9m | €3.5m | ▲ 18.0% |
| Profit (loss) carried forward14 | €0.2m | €0.1m | €0.04m | €0.03m | €0.02m | €0.01m | €0.01m | €0.01m | = |
| Amounts payable17/49 | €0.05m | €0.1m | €0.2m | €0.1m | €0.1m | €0.07m | €0.3m | €0.3m | ▲ 0.6% |
| Amounts payable after more than one year17 | €0.01m | €0.003m | €0.08m | €0.06m | €0.04m | €0.02m | - | - | - |
| Other amounts payable178/9 | - | - | - | €0.06m | €0.04m | €0.02m | - | - | - |
| Amounts payable within one year42/48 | €0.03m | €0.1m | €0.1m | €0.06m | €0.06m | €0.05m | €0.3m | €0.3m | ▲ 0.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.02m | €0.03m | €0.03m | €0.03m | - | - |
| Trade debts44 | €0.001m | €0.002m | €0.01m | €0.01m | €0.03m | €0.009m | €0.004m | €0.2m | ▲ 59× |
| Suppliers440/4 | - | - | - | €0.01m | €0.03m | €0.009m | €0.004m | €0.2m | ▲ 59× |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.006m | €0.002m | €0.2m | €0.05m | ▼ 80.6% |
| Taxes450/3 | - | - | - | €0.02m | €0.006m | €0.002m | €0.2m | €0.05m | ▼ 80.6% |
| Other amounts payable47/48 | - | - | - | €0.003m | €0.003m | €0.006m | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.002m | €0.002m | €0.002m | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.09m | €0.08m | €0.05m | €0.1m | €0.2m | €0.08m | €2.4m | €0.5m | ▼ 77.7% |
| + Depreciation and write-downs630 | €0.01m | €0.01m | €0.01m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | ▼ 5.5% |
| Operating cash flow (approximation) | €0.1m | €0.09m | €0.07m | €0.2m | €0.2m | €0.1m | €2.4m | €0.6m | ▼ 76.8% |
| Investment in fixed assets (approximation) | - | -€0.002m | -€0.1m | -€0.02m | -€0.2m | -€0.03m | -€2.3m | €0.1m | - |
| Change in cash | - | -€0.02m | €0.02m | €0.02m | -€400 | -€0.03m | €0.02m | €0.01m | ▼ 51.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 15-07-2026 | 2026-00300732 |
| 31-12-2024 | micro format | 30-08-2025 | 2025-00473619 |
| 31-12-2023 | micro format | 19-07-2024 | 2024-00270829 |
| 31-12-2022 | micro format | 20-07-2023 | 2023-00259345 |
| 31-12-2021 | micro format | 10-08-2022 | 2022-20283751 |
| 31-12-2020 | micro format | 17-08-2021 | 2021-49200420 |
| 31-12-2019 | micro format | 02-09-2020 | 2020-50800286 |
| 31-12-2018 | micro format | 29-08-2019 | 2019-56400575 |
| 31-12-2017 | micro format | 20-08-2018 | 2018-46800538 |
| 31-12-2016 | micro format | 12-08-2017 | 2017-43600202 |
Similar companies · same sector, comparable size
HORECASERVICE NEVEJAN
BE 0448.814.248
Alveringem · equity €3,469,510
EURO BOISSONS DISTRIBUTION
BE 0455.786.172
Chiny · equity €3,598,811
Grimbergen Abbey Brewery
BE 0721.603.982
Grimbergen · equity €3,615,160
Brouwerij M. D'Hollander
BE 0405.023.203
Hamme (Vl.) · equity €3,640,239
SCHILLEBEECKX
BE 0425.215.435
Mol · equity €3,372,776
Of the 1,539 active companies whose main activity is wholesale of beverages, general range (NACE 46349), figures are known for 975. 379 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.