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Gova Technics

Active
Private limited companyfounded 20242 yrs activeKolmenstraat 1324, 3570 Alken, BelgiumKBO/BCE: BE 1014.087.092
Summary

The computed 12-month bankruptcy probability of Gova Technics is 3.8% (moderate). The 2025 annual accounts show negative equity (-€180,750) and a net result of -€180,750. Its solvency ranks better than 10% of 239 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability5
Solvency6
Growth-
Track record67
Bankruptcy probability, 12 months
3.8% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.29; short-term debt: 116% and cash: 5.2% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 31
Relative position
BE, all sectors
reference
Manufacture of furniture (NACE 31)
about 43% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-18.8%
Return on assets
-18.8%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
3 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 25 September 2024, Gova Technics was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
-€180,750
Total assets
€959,823
Net result
-€180,750
Working capital
-€786,678

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Balance-sheet composition
Assets €959,823
Fixed assets €633,239
Current assets €326,584
Key figures and ratios
2025 value
EBITDA
€19,773
Cash flow
-€12,456
Solvency
-18.8%
Current ratio
0.29
Quick ratio
0.18
Debt to equity
-6.31
ROA
-18.8%
Interest coverage
0.60
Debt
€1.1m
Debt ≤ 1 year
€1.1m
Staff costs
€687,938

Peer companies

Historical observation

Of the 490 companies that looked in July 2024 the way this one looks now, 6.1% went bankrupt within 24 months and 89% are still going.

  • Small
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
6.1% went bankrupt
3.5% stopped otherwise
89% still going

A further 1.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.8% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 490 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
Filed annual accounts As filed with the NBB · 2025 · 41 lines
Balance sheet Code2025
Assets
Total assets20/58€959,823
Fixed assets21/28€633,239
Intangible fixed assets21€394,275
Tangible fixed assets22/27€238,964
Plant, machinery and equipment23€113,815
Furniture and vehicles24€17,543
Other tangible fixed assets26€107,606
Current assets29/58€326,584
Stocks and contracts in progress3€122,509
Stocks30/36€122,509
Amounts receivable within one year40/41€142,615
Trade receivables40€132,479
Other amounts receivable41€10,136
Cash at bank and in hand54/58€49,765
Deferred charges and accrued income490/1€11,695
Equity and liabilities
Total equity and liabilities10/49€959,823
Equity10/15-€180,750
Profit (loss) carried forward14-€180,750
Amounts payable17/49€1.1m
Amounts payable within one year42/48€1.1m
Trade debts44€138,059
Suppliers440/4€138,059
Taxes, remuneration and social security45€89,953
Taxes450/3€15,713
Remuneration and social security454/9€74,240
Other amounts payable47/48€885,250
Accrued charges and deferred income492/3€27,311
Income statement Code2025
Remuneration, social security and pensions62€687,938
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€168,294
Other operating charges640/8€35,026
Gross operating margin9900€742,737
Operating profit (loss)9901-€148,522
Financial income75/76B€753
Recurring financial income75€753
Financial charges65/66B€32,981
Recurring financial charges65€32,981
Profit (loss) for the period before taxes9903-€180,750
Profit (loss) for the period9904-€180,750
Profit (loss) for the period to be appropriated9905-€180,750
Appropriation of the result
Profit (loss) to be appropriated9906-€180,750
Social balance
Average headcount (FTE)908710.4

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€687,938
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€168,294
Other operating charges640/8€35,026
Gross operating margin9900€742,737
Operating profit (loss)9901-€148,522
Financial income75/76B€753
Recurring financial income75€753
Financial charges65/66B€32,981
Recurring financial charges65€32,981
Profit (loss) for the period before taxes9903-€180,750
Profit (loss) for the period9904-€180,750
Profit (loss) for the period to be appropriated9905-€180,750
Line2025
Assets
Total assets20/58€959,823
Fixed assets21/28€633,239
Intangible fixed assets21€394,275
Tangible fixed assets22/27€238,964
Plant, machinery and equipment23€113,815
Furniture and vehicles24€17,543
Other tangible fixed assets26€107,606
Current assets29/58€326,584
Stocks and contracts in progress3€122,509
Stocks30/36€122,509
Amounts receivable within one year40/41€142,615
Trade receivables40€132,479
Other amounts receivable41€10,136
Cash at bank and in hand54/58€49,765
Deferred charges and accrued income490/1€11,695
Equity and liabilities
Total equity and liabilities10/49€959,823
Equity10/15-€180,750
Profit (loss) carried forward14-€180,750
Amounts payable17/49€1.1m
Amounts payable within one year42/48€1.1m
Trade debts44€138,059
Suppliers440/4€138,059
Taxes, remuneration and social security45€89,953
Taxes450/3€15,713
Remuneration and social security454/9€74,240
Other amounts payable47/48€885,250
Accrued charges and deferred income492/3€27,311
Line2025
Profit (loss) for the period9904-€180,750
+ Depreciation and write-downs630€168,294
Operating cash flow (approximation)-€12,456

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
28-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Alken · 2 establishment units since 2024
seat establishment approximate All 2 establishment units on the map
Ground area
2.3 ha
Building footprint
9,784 m²
Volume, LiDAR
60,324 m³
2 parcels, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
2 establishment units
Gova Technics
Kolmenstraat 1324, 3570 AlkenManufacture of furniture
since 20242.364.128.738
Gova Technics
Groenmolenstraat 1149, 3570 AlkenManufacture of rubber and plastic products
since 20252.371.224.089
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
73302C0110/00K000 Flanders 1.9 ha 1 · 9,369 m² 10.3 m · 2 fl.
73302C0079/00D003 Flanders 3,430 m² 1 · 415 m² 6.3 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. Walevian 93%
  2. C for Growth 51.99%
  3. UNO Invest 100%
  4. GOVAERTS HOLDING 100%
  5. Gova Technics

Highest known parent: Walevian. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 459 companies in sector 31009 we hold annual accounts for 125. 32 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded25-09-2024
Fiscal year end31-12
Activities, NACEBEL 2025
31009Manufacture of furniture
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID 0208:1014087092
Registered 10-10-2025

Register as of 26 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.