Active BE 0428.785.629Public limited company

Goethals - Boute en Co

Blakstraat 20 ·9900 Eeklo, Belgium· 40 yrs active

Sector: Stukadoorswerk (43310)

Conclusion Checked

The computed 12-month bankruptcy probability of Goethals - Boute en Co is 0.4% (very low). The 2025 annual accounts show equity of €544k and a net result of €18k. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 95% of 2905 sector peers (fiscal year 2025). The company has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 8 annual accounts.

Key figures

Equity	€544k
Net result	€18k
Better than sector	95%
Active	40 yrs

Financial profile 5 of 5 axes measured · computed by Checked

66 / 100

Strong profile, led by solvency.

All 5 axes are computed from data Checked has read.

Health 83

Profitability 16

Solvency 100

Growth 32

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.4% Very low

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Long track record −Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1986, 40 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2025 · computed

83 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 28-01-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

stable Equity: stable across 8 fiscal years (±1.4%/year).

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 43, Specialised construction · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	94.3%	43.4%	better than 95% of 2905 sector peers
Net result	€18k	€13k	better than 56% of 2904 sector peers
Equity	€544k	€44k	better than 95% of 2905 sector peers
Gross operating margin	€60k	€39k	better than 64% of 2902 sector peers
Staff costs	€3k	€30k	higher than 24% of 943 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€55k

-30.4% 18-25

Net profit

€18k

-35.1% 18-25

Cash flow

€39k

-45.0% 18-25

Total assets

€577k

-26.6% 18-25

Equity

€544k

-25.1% 18-25

Working capital

€212k

-45.5% 18-25

Employees (FTE)

1

-44.4% 18-25

Staff costs

€3k

+44.7% 18-25

Show 12 other metrics

Income taxes

€16k

+103.8% 18-25

Dividends

€200k

- 18-25

Debt

€33k

-44.4% 18-25

Debt ≤ 1y

€29k

-28.4% 18-25

Debt > 1y

€3k

-80.7% 18-25

Current ratio

8.25

-21.6% 18-25

Quick ratio

8.25

-21.6% 18-25

Solvency

94.3%

+2.0% 18-25

Debt / equity

0.06

-25.8% 18-25

ROE

3.2%

-13.4% 18-25

ROA

3.1%

-11.7% 18-25

Interest coverage

174.38

+43.2% 18-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€55k
Net profit	€18k
Cash flow	€39k
Staff costs	€3k
Income taxes	€16k
Dividends	€200k
Total assets	€577k
Equity	€544k
Debt	€33k
of which ≤ 1y	€29k
of which > 1y	€3k
Working capital	€212k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	8.25
Quick ratio	8.25
Working capital ratio	36.8%
Solvency	94.3%
Debt / equity	0.06
Long-term debt ratio	0.01
Interest coverage	174.38
Gross margin	-
Net margin	-
ROA	3.1%
ROE	3.2%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €335k · 58.1% Current assets €241k · 41.9%

Equity & liabilities

Equity €544k · 94.3% Debt €33k · 5.7%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€577k
Fixed assets	21/28	€335k
Tangible fixed assets	22/27	€335k
Financial fixed assets	28	€180
Current assets	29/58	€241k
Amounts receivable within one year	40/41	€47k
Cash & bank	54/58	€195k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€577k
Equity	10/15	€544k
Contributions / capital	10/11	€63k
Reserves	13	€481k
Amounts payable	17/49	€33k
Amounts payable after one year	17	€3k
Amounts payable within one year	42/48	€29k
Trade debts payable within one year	44	€3k
Income statement
Gross operating margin	9900	€60k
Operating result	9901	€34k
Financial charges	65	€314
Result before taxes	9903	€33k
Income taxes	67/77	€16k
Net result for the period	9904	€18k
Result to be appropriated	9905	€18k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates 3 directors

Current directors & mandates

FILIP GOETHALS
Director
State Gazette act 24167938 (27-11-2024)

Current
29-10-2024 → present
2 events
- 29-10-2024 Appointed· Director
- 29-10-2024 Appointed· Daily management

Former directors (2)

BV FAAPLegal entity
Director
State Gazette act 24167938 (27-11-2024)

Former
- → 29-10-2024
2 events
- 29-10-2024 Resigned· Director
- 29-10-2024 Resigned· Daily management
ANTONIUS GOETHALS
Director
State Gazette act 24142409 (03-10-2024)

Former
- → 31-08-2024
2 events
- 31-08-2024 Resigned· Director
- 31-08-2024 Resigned· Daily management

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Legal Structure

NACE primary	Stukadoorswerk(43310)
Legal form	Public limited company(014)
Incorporation	10-04-1986
Status	Active
Postal code	9900

Establishment units 1 location

GOETHALS-BOUTE & CO

Blakstraat 20, 9900 Eeklohet aanbrengen van chape

since 19912.060.330.478

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.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
43005A0891/00F000	Flanders	1,271 m²	1 · 242 m²	7.2 m · 1 fl.

Methodology

via registered seat: 1

1 of 1 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.

2026

28-01-2026

NBB filing Annual accounts filed

fiscal year 2025 · micro

2025

12-03-2025

NBB filing Annual accounts filed

fiscal year 2024 · micro

2024

27-11-2024

State Gazette act Director changes

03-10-2024

State Gazette act Director changes

05-02-2024

NBB filing Annual accounts filed

fiscal year 2023 · micro

2023

07-03-2023

NBB filing Annual accounts filed

fiscal year 2022 · micro

2022

02-03-2022

NBB filing Annual accounts filed

fiscal year 2021 · micro

2021

01-03-2021

NBB filing Annual accounts filed

fiscal year 2020 · micro

2020

28-01-2020

NBB filing Annual accounts filed

fiscal year 2019 · micro

2019

28-01-2019

NBB filing Annual accounts filed

fiscal year 2018 · micro

2018

12-01-2018

NBB filing Annual accounts filed

fiscal year 2017 · micro

2017

10-01-2017

NBB filing Annual accounts filed

fiscal year 2016 · verkort

Belgian State Gazette reading coverage 0 of 8 acts read

We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 2 acts

All acts · 2 updated 1 year ago

2024

27-11-2024 2 directors appointed, 2 resigning Director changes

FILIP GOETHALS, Bestuurder
FILIP GOETHALS, Dagelijks bestuur
BV FAAP, Bestuurder
BV FAAP, Dagelijks bestuur

Original publication ↗

Technical details

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      "kind": "director_out",
      "role": "bestuurder",
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        "name": "BV FAAP",
        "address": "9900 EEKLO BLAKSTRAAT 20",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": "de_plein_droit_dissolution",
      "subkind": "regular",
      "via_org": null,
      "statutory": "niet_statutair",
      "compensated": null,
      "effective_date": "2024-10-29",
      "evidence_quote": "De algemene vergadering beslist tot het ontslag van BV FAAP, met zetel te 9900 EEKLO BLAKSTRAAT 20, als niet-statutaire bestuurder, en dit met ingang op 29/10/2024. De algemene vergadering verleent deze persoon kwijting voor de uitoefening van diens mandaat.",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "director_in",
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      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
      "statutory": "niet_statutair",
      "compensated": false,
      "effective_date": "2024-10-29",
      "evidence_quote": "De algemene vergadering beslist tot de benoeming van FILIP GOETHALS, met woonplaats te 9900 Eeklo Vergeet-mij-nietjeshoek 5, als niet-statutaire bestuurder, en dit met ingang op 29/10/2024. Dit mandaat geldt voor een bepaalde duur van zes jaren en vervalt, meer specifiek, op de gewone algemene verga",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "n_years",
        "value": "6"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "director_out",
      "role": "dagelijks_bestuur",
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        "name": "BV FAAP",
        "address": "9900 EEKLO BLAKSTRAAT 20",
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        "birth_place": null
      },
      "reason": "de_plein_droit_dissolution",
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2024-10-29",
      "evidence_quote": "Het bestuursorgaan beslist tot het ontslag van BV FAAP, met zetel te 9900 EEKLO BLAKSTRAAT 20, als persoon belast met dagelijks bestuur met ingang op 29/10/2024.",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "director_in",
      "role": "dagelijks_bestuur",
      "person": {
        "rrn": null,
        "name": "FILIP GOETHALS",
        "address": "9900 Eeklo Vergeet-mij-nietjeshoek 5",
        "birth_date": null,
        "profession": null,
        "birth_place": "9900 Eeklo Vergeet-mij-nietjeshoek 5"
      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2024-10-29",
      "evidence_quote": "Het bestuursorgaan beslist tot de benoeming van FILIP GOETHALS, met woonplaats te 9900 Eeklo Vergeet-mij-nietjeshoek 5, als persoon belast met dagelijks bestuur met ingang op 29/10/2024. Dit mandaat geldt voor een bepaalde duur van zes jaren en vervalt, meer specifiek, op de gewone algemene vergader",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "n_years",
        "value": "6"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2024-11-27",
    "filing_date": "2024-11-18",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2024-10-29",
      "unanimous": null
    },
    {
      "body": "raad_van_bestuur",
      "date": "2024-10-28",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0428.785.629",
    "name_full": "GOETHALS - BOUTE NV",
    "legal_form": "NV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Stefan De Jaeger",
    "org_rep_person_name": null,
    "person_role_at_subject": "Bestuurder"
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}

03-10-2024 2 resigning Director changes

ANTONIUS GOETHALS, Bestuurder
ANTONIUS GOETHALS, Dagelijks bestuur

Original publication ↗

Technical details

{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "ANTONIUS GOETHALS",
        "address": "9900 Eeklo Blakstraat 20",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": "de_plein_droit_dissolution",
      "subkind": null,
      "via_org": null,
      "statutory": "niet_statutair",
      "compensated": null,
      "effective_date": "2024-08-31",
      "evidence_quote": "De algemene vergadering beslist tot het ontslag van ANTONIUS GOETHALS, met woonplaats te 9900 Eeklo Blakstraat 20, als niet-statutaire bestuurder, en dit met ingang op 31/08/2024.",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "director_out",
      "role": "dagelijks_bestuur",
      "person": {
        "rrn": null,
        "name": "ANTONIUS GOETHALS",
        "address": "9900 Eekio Blakstraat 20",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": "de_plein_droit_dissolution",
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2024-08-31",
      "evidence_quote": "Het bestuursorgaan beslist tot het ontslag van ANTONIUS GOETHALS, met woonplaats te 9900 Eekio Blakstraat 20, als persoon belast met dagelijks bestuur met ingang op 31/08/2024.",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2024-10-03",
    "filing_date": "2024-09-24",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2024-08-31",
      "unanimous": null
    },
    {
      "body": "bestuur",
      "date": "2024-08-27",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0428.785.629",
    "name_full": "Goethals - Boute en Co",
    "legal_form": "NV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Goethals Filip",
    "org_rep_person_name": null,
    "person_role_at_subject": "Bestuurder"
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Stukadoorswerk43310

Primary activity highlighted.

Names & trade names

Legal nameNL

Goethals - Boute en Co

Registered office

Blakstraat 20

9900 Eeklo, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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