Govaert M&D
ActiveGovaert M&D has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €240k and a net result of €44k. Equity is growing by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 76% of 705 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability85=
Solvency94▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 4.52 against 4.67 in 2023; short-term debt: 10.3% and cash: 13.2% of total assets), and 30.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Sector 16
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
22 d late
2023
29 d late
2022
32 d early
2021
54 d early
2020
25 d early
2019
53 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€240k▲ 14.9%
2023 · €209k
2018: €130k
2019: €138k
2020: €150k
2021: €162k
2022: €178k
2023: €209k
2018 → 2024
Total assets
€347k▲ 3.3%
2023 · €336k
2018: €229k
2019: €257k
2020: €267k
2021: €208k
2022: €207k
2023: €336k
2018 → 2024
Net result
€44k▲ 1.7%
2023 · €43k
2018: €15k
2019: €8k
2020: €13k
2021: €33k
2022: €33k
2023: €43k
2018 → 2024
Working capital
€126k▲ 19.2%
2023 · €106k
2018: €52k
2019: €53k
2020: €33k
2021: €53k
2022: €79k
2023: €106k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€150k-€162k▲ 7.6%€178k▲ 10.4%€209k▲ 17.1%€240k▲ 14.9%
Operating result€18k-€49k▲ 172%€53k▲ 6.5%€65k▲ 23.2%€71k▲ 9.4%
Net result€13k-€33k▲ 160%€33k▲ 0.1%€43k▲ 32.7%€44k▲ 1.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 9% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €347k
Fixed assets
€185k▼ 8.0%
Current assets
€162k▲ 20.3%
Equity and liabilities €347k
Equity
€240k▲ 14.9%
Debt
€107k▼ 15.8%
The debt ratio falls from 37.8% to 30.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€93k▲
2023 · €91k
Cash flow
€66k▼
2023 · €70k
Solvency
69.2%▲
2023 · 62.2%
Current ratio
4.52▼
2023 · 4.67
Quick ratio
3.83▼
2023 · 3.85
Debt / equity
0.45▼
2023 · 0.61
ROE
18.3%▼
2023 · 20.7%
ROA
12.6%▼
2023 · 12.8%
Interest coverage
13.72▼
2023 · 14.00
Debt
€107k▼
2023 · €127k
Debt ≤ 1 year
€36k▲
2023 · €29k
Debt > 1 year
€71k▼
2023 · €98k
Income taxes
€25k▲
2023 · €19k
Staff costs
€72k▲
2023 · €42k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€336k€347k▲
Fixed assets21/28€201k€185k▼
Tangible fixed assets22/27€201k€185k▼
Land and buildings22€155k€153k▼
Plant, machinery and equipment23€12k€6k▼
Furniture and vehicles24€35k€26k▼
Current assets29/58€134k€162k▲
Stocks and contracts in progress3€24k€25k▲
Stocks30/36€14k€14k▲
Contracts in progress37€10k€11k▲
Amounts receivable within one year40/41€59k€84k▲
Trade receivables40€15k€42k▲
Other amounts receivable41€44k€42k▼
Cash at bank and in hand54/58€46k€46k▼
Deferred charges and accrued income490/1€5k€7k▲
Equity and liabilities
Total equity and liabilities10/49€336k€347k▲
Equity10/15€209k€240k▲
Contributions10/11€6k€6k=
Outside capital11€6k€6k=
Other1109/19€6k€6k=
Reserves13€203k€234k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€201k€232k▲
Amounts payable17/49€127k€107k▼
Amounts payable after more than one year17€98k€71k▼
Financial debts170/4€98k€71k▼
Amounts payable within one year42/48€29k€36k▲
Current portion of amounts payable after more than one year42€20k€16k▼
Trade debts44€7k€12k▲
Suppliers440/4€7k€12k▲
Taxes, remuneration and social security45€1k€7k▲
Taxes450/3-€4k
Remuneration and social security454/9€1k€3k▲
Other amounts payable47/48€236€35▼
Accrued charges and deferred income492/3€490€490=
Income statement
Code20232024
Remuneration, social security and pensions62€42k€72k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€22k▼
Other operating charges640/8€15k€4k▼
Gross operating margin9900€148k€169k▲
Operating profit (loss)9901€65k€71k▲
Financial income75/76B€4k€5k▲
Recurring financial income75€4k€5k▲
Financial charges65/66B€7k€7k▼
Recurring financial charges65€7k€7k▲
Non-recurring financial charges66B€557-
Profit (loss) for the period before taxes9903€62k€69k▲
Income taxes67/77€19k€25k▲
Profit (loss) for the period9904€43k€44k▲
Profit (loss) for the period to be appropriated9905€43k€44k▲
Appropriation of the result
Profit (loss) to be appropriated9906€43k€44k▲
Transfer from equity791/2€13k€13k▲
Transfer to equity691/2€43k€44k▲
To other reserves6921€43k€44k▲
Profit to be distributed694/7€13k€13k▲
Return on contributions (dividend)694€13k€13k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
31-12
Financial
Highest result since 2018net €44k ▲1.7%
Operating result €71k, net result €44k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Equity above €200kEq €209k ▲17.1%
6 profitable years in a row build equity to €209k.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 2.78
Current ratio from 1.36 to 2.78; short-term debt falls from €93k to €30k.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €150k ▲9.1%
3 profitable years in a row build equity to €150k.
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 53 days late
2019
31-12
Financial
Weakest financial yearnet €8k ▼48.1%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 9 days late
2016
09-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Sint-Lievens-Houtem · 2 establishment units since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Binnenstraat 209520 Sint-Lievens-HoutemGround area
877 m²
Building footprint
381 m²
Volume, LiDAR
1,680 m³
2 parcels, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Govaert M&D
since 20092.181.431.119
Morelgem 47a, 9520 Sint-Lievens-Houtem
since 20202.306.076.020
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41072E0391/00L000 | Flanders | 737 m² | 1 · 266 m² | 7.3 m · 1 fl. |
| 41072F0180/00K000 | Flanders | 140 m² | 1 · 115 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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HALLET-BREMBATI
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BE 0835.725.175
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ART ET CHENE GILLES AZION
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Of 1,600 companies in sector 16230 we hold annual accounts for 782. 615 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-09-2009
Fiscal year end31-12
Activities, NACEBEL
16230Manufacture of other builders' carpentry and joinery
43320Joinery installation
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.