Govaerts

Active

Private limited companyfounded 20206 yrs activeHollebeek 23, 9140 Temse, BelgiumKBO/BCE: BE 0740.989.730

Summary

The computed 12-month bankruptcy probability of Govaerts is 3.1% (moderate). The 2024 annual accounts show equity of €15k and a net result of €-6k. Equity is growing by ~9.6% per year across the filed fiscal years. Its solvency ranks better than 24% of 36375 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

42 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability15▼-63

Solvency48▼-8

Growth52▼-26

Track record100

Bankruptcy probability, 12 months

3.1% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days only on tighter terms

Liquidity tight (current ratio 1.29 against 1.45 in 2023; short-term debt: 77.2% and cash: 36.3% of total assets), and 77.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

22.8%

Return on assets

-8.9%

Age of the figures

21 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 36375 sector peers (2024).

NBB · sector comparison

Position among 36375 sector peers

Solvency

better than 24%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

3 d early

2023

21 d early

2022

12 d early

2021

11 d late

2020

4 d early

← before the deadline after the deadline →

Checked, nothing found (1)

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

Financials · fiscal year 2024, micro schema

Equity

€15k▼ 28.0%

2023 · €20k

2020: €1k 2021: €33k 2022: €15k 2023: €20k

2020 → 2024

Total assets

€65k▼ 1.3%

2023 · €65k

2020: €23k 2021: €68k 2022: €68k 2023: €65k

2020 → 2024

Net result

€-6k

2023 · €5k

2020: €-4k 2021: €32k 2022: €-17k 2023: €5k

2020 → 2024

Working capital

€15k▼ 28.0%

2023 · €20k

2020: €332 2021: €32k 2022: €15k 2023: €20k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€1k-€33k▲ 2,496%€15k▼ 52.9%€20k▲ 32.1%€15k▼ 28.0%

Operating result€-4k-€43k€-10k€7k€-3k

Net result€-4k-€32k€-17k€5k€-6k

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

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €3k after €7k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Equity and liabilities €65k

22.8%

77.2%

Equity €15k ▼ 28.0%

Debt €50k ▲ 10.9%

Debt's share of the balance-sheet total rises from 68.8% to 77.2%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

Current ratio

1.29▼

2023 · 1.45

Quick ratio

1.26▼

2023 · 1.42

Debt to equity

3.39▲

2023 · 2.20

ROE

-38.9%▼

2023 · 24.3%

ROA

-8.9%▼

2023 · 7.6%

Debt ≤ 1 year

€50k▲

2023 · €45k

Income taxes

€542▼

2023 · €1k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2024 against 2023 · 38 lines

Balance sheet Code20232024

Assets

Total assets20/58€65k€65k▼

Current assets29/58€65k€65k▼

Stocks and contracts in progress3€2k€2k▲

Stocks30/36€2k€2k▲

Amounts receivable within one year40/41€44k€38k▼

Trade receivables40€33k€27k▼

Other amounts receivable41€11k€11k▲

Cash at bank and in hand54/58€19k€23k▲

Deferred charges and accrued income490/1€1k€1k▲

Equity and liabilities

Total equity and liabilities10/49€65k€65k▼

Equity10/15€20k€15k▼

Contributions10/11€5k€5k=

Reserves13€15k€10k▼

Distributable reserves133€15k€10k▼

Profit (loss) carried forward14€0-

Amounts payable17/49€45k€50k▲

Amounts payable within one year42/48€45k€50k▲

Trade debts44€17k€14k▼

Suppliers440/4€17k€14k▼

Taxes, remuneration and social security45€28k€36k▲

Taxes450/3€28k€36k▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0-

Other operating charges640/8€2k€4k▲

Gross operating margin9900€9k€1k▼

Operating profit (loss)9901€7k€-3k▼

Financial income75/76B€0€87▲

Recurring financial income75€0€87▲

Financial charges65/66B€1k€3k▲

Recurring financial charges65€1k€3k▲

Profit (loss) for the period before taxes9903€6k€-5k▼

Income taxes67/77€1k€542▼

Profit (loss) for the period9904€5k€-6k▼

Profit (loss) for the period to be appropriated9905€5k€-6k▼

Appropriation of the result

Profit (loss) to be appropriated9906€15k€-6k▼

Profit (loss) brought forward from the previous period14P€10k€0▼

Transfer from equity791/2-€6k

Transfer to equity691/2€15k€0▼

To other reserves6921€15k€0▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 8Financial 3Filings 5

2025

28-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

10-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Back to profitnet €5k

Net result €5k after one loss-making year.

19-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Weakest financial yearnet €-17k ▼155%

Net result drops to €-17k, the lowest in the series; recovery starts the following year.

11-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 11 days late

2021

31-12

Financial Back to profitnet €32k

Net result €32k after one loss-making year.

27-07

NBB filing Annual accounts filed

fiscal year 2020 · micro 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, Temse · 1 establishment unit since 2020

establishment approximate The establishment unit on the map

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.

Hollebeek 239140 Temse

Ground area

9,844 m²

Building footprint

2,908 m²

Volume, LiDAR

2,893 m³

Parcel 46302D1931/00N000, Flanders · tallest building 25.2 m. Linked by address, not a title deed.

1 establishment unit

Govaerts

Hollebeek 23, 9140 TemseRepair, maintenance and installation of machinery and equipment

since 20202.297.647.116

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
46302D1931/00N000	Flanders	9,844 m²	1 · 2,908 m²	25.2 m

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel 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

Oostende · Eq €14,257

Of 366 companies in sector 43421 we hold annual accounts for 203. 130 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded09-01-2020

Fiscal year end31-12

Activities, NACEBEL 2025

43421Specialised construction activities

43230Insulation installation

43410Roofing work

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

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