GOVACO

Active

Private limited companyfounded 1983active for 42 yearsLeenstraat 4 C, 8810 Lichtervelde, BelgiumKBO/BCE: BE 0425.027.571

Summary

GOVACO has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €320,033 and a net result of €137,145. Equity is shrinking by about 8.1% per year across the filed financial years. Its solvency ranks better than 86% of 17,021 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow Report Compare

GOVACOActiveChecked score 99/100

Risk analysis Report Compare

Activity

Renting and operating of own or leased non-residential real estate, excluding land

NACE 68203

1 site

Size

€395,551total assets 2025

Equity: €320,033
Profit: €137,145

Turnover not published (micro format)

Financial health

99 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: < 0.1%

Structure

Filip VanmoerkerckeDirector
Karien VermoteDirector

Accounts 12 days early1 of 8 deeds read

Why 99lowers riskLiquidity: current ratio 5.12, cash €155,375Equity €320,033 (80.9% of total assets)Founded in 1983Figures for financial year 2025 (filed 21-01-2026)Show the evidence

Checked score

Score 2025

99 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 93% of its sector peers (NACE 68, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 100+17

equity 80.9% of total assets

Liquidity 99+38

short-term debt 8.1% · cash 39.3%

Profitability 100+50

return on assets 34.7%

Bankruptcy probability, 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,608 companies, NACE 68, micro)

Last 24 months 11-2024: 0.8% 12-2024: 0.8%● unchanged vs 11-2024 01-2025: 0.9%▲ +0.1 percentage points vs 12-2024highest value 02-2025: 0.3%▼ -0.6 percentage points vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.4%▲ +0.1 percentage points vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.5%▲ +0.1 percentage points vs 12-2025 02-2026: 0.1%▼ -0.4 percentage points vs 01-2026 03-2026: < 0.1%▼ -0.1 percentage points vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026

Credit of up to €30,000 on 30-day terms is acceptable

Liquidity ample (current ratio 5.12, compared with 2.91 in 2024, above the usual 1.5; short-term debt: 8.1% and cash: 39.3% of total assets), and 19.1% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 (NACE 68, micro): better than 91% on solvency, 96% on liquidity, 95% on profitability and 89% on growth.

The bankruptcy probability was computed on 23-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskneutral

Liquidity: current ratio 5.12, cash €155,375

NBB · annual accounts

Equity €320,033 (80.9% of total assets)

NBB · annual accounts

Founded in 1983

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Figures for financial year 2025 (filed 21-01-2026)

NBB · annual accounts

Growing equity

Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.

NBB · annual accounts 2025

Equity per financial year

19202122232425

2019 to 2025 · latest year €320,033

Latest accounts filed on time

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-01-2026, 12 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

12 days early

2024

15 days early

2023

15 days early

2022

15 days early

2021

39 days early

2020

41 days early

2019

42 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 26 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 16 January (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

30-06-2026 year end24-10-2026 today31-01-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

19-01-2026 Annual accounts filedfinancial year 2025 · micro…
30-06-2025 Back to profitnet €137,145
30-06-2025 Equity above €200,000equity €320,033 ▲75%

Key points

Positive: Back in profit in 2025after -€10,989 in 2024 €137,145 View
Positive: Among the best 6% on net resultsector median €6,035 · 17,010 companies €137,145 View
Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View

By topic

Financials

Financial year: 2025
Total assets: €395,551
Profit: €137,145
Solvency: 80.9%

Total assets▲ 25.8%

Net result

20192025

Go to Financials

Board & ownership

Board: 2 members

Filip VanmoerkerckeDirector
Karien VermoteDirector

Go to Board & ownership

Timeline

Events: 46
Since: 1986
Next accounts: by 31-01-2027

16-01-2025Annual accounts filed
30-06-2024Liquidity more than doubled
21-02-2024Resignations: Filip Vanmoerkercke (statutory director) and Karien…

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Renting and operating of own or leased non-residential…NACE 68203
Founded: 20-12-1983
Year ends: 30-06
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 25

Who signs: Each director alone
Annual meeting: Third Saturday of December at 14:00
Purpose: “Aan- en verkoop van varkens; Opslag van mengmest van varkens en runderen; Het schoonmaken…” (deed in Dutch)

Go to Articles of association

Key facts about GOVACO

What is the company number of GOVACO?: 0425.027.571. In Belgium the VAT number is the company number with BE in front: BE 0425.027.571.
Where is GOVACO based?: The registered office is at Leenstraat 4 C, 8810 Lichtervelde.Company details
What does GOVACO do?: According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
What is the legal form of GOVACO?: Private limited company (BV).
When was GOVACO founded?: On 20-12-1983.
Is GOVACO still active?: Yes, GOVACO is an active enterprise in the KBO register.
What is the turnover of GOVACO?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is GOVACO profitable?: In financial year 2025, GOVACO made a profit of €137,145.
Where can I find the annual accounts of GOVACO?: GOVACO filed 41 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of GOVACO due?: By 31-01-2027, for financial year 2026.Timeline