Equity
€799,572 ▲ 6.2%
GOVAERTS has made a profit without a break since 2012.
GOVAERTS
Lifetime
19 annual accounts with figures on one time axis, 43 filings since 1983peak €677,298 (2007)
€111,925▲ 1.4%
lowest -€9,442 (2011)
€47,019▼ 11.9%
peak €1.0m (2013)
€799,572▲ 6.2%
€54,049▲ 16×
peak 7.1 FTE (2007)
-not published
Board7 names since 2019
-
Owners
100%IMOG
Documentsfilings and deeds
16-09-202647 days late
2025abbreviated format
Debts from €3,368 to €54,049Cash from €86,222 to €364,093
Key points
from the 2025 annual accountsTurnover
≈ €340,000 estimated
The accounts state no turnover.
Debts
€54,049 ▲ 16×
Debts rose by €50,681 in 2025.
Liquidity
8.02 was 87.93 in 2024
Short-term debts rose from €3,368 to €54,049.
Filings
43 annual accounts since 1983
Nine of the last ten came late. The 2019 accounts came latest: 73 days after the end of the period.
Position in the sector
93.7%
Higher solvency than 95% of companies in repair of computers and personal goods. Sector median 43.3% · 1,317 companies.
Checked score
97
Excellent
Financially stronger than 73% of micro companies in repair of computers and personal goods (NACE 95)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 5,138 companies (NACE 95, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025lowest value
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: 0.1%▲ +0.1 percentage points vs 07-2025
09-2025: < 0.1%▼ -0.1 percentage points vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged 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 06-2026
08-2026: 0.1%▲ +0.1 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: < 0.1%▼ -0.1 percentage points vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 47 days late; 1 of the last 3 accounts late
lowers risk
Liquidity: current ratio 8.02, cash €364,093
Equity €799,572 (93.7% of total assets)
Founded in 1981
Calculation
The band follows from the bankruptcy probability. 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 95, micro). It does better than 92% of them on solvency, 98% on liquidity, 54% on profitability and 48% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as GOVAERTS has now. Each dot stands for 51 companies, two years later.
95.0%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of GOVAERTS itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for GOVAERTS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €75,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 8.02 (87.93 in 2024), above the usual 1.5. Short-term debt is 6.3% and cash 42.7% of total assets. 6.3% of the assets are financed with debt and provisions.
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 47 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-09-2026, 47 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
47 days late
2024
21 days late
2023
30 days late
2022
17 days late
2021
16 days late
2020
18 days late
2019
73 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 32 days after the deadline. In the sector (NACE 95), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved within Malle
New registered office: Turnhoutsebaan 198, 2390 Malle · Previous registered office: Nijverheidsstraat 12, 2390 Malle · Resignations: Ludo Govaerts, Eric Govaerts, Rudi Govaerts, Walter Govaerts and Theresia Nooyens · General meeting of 04-05-2020 · Gazette deed
5 directors reappointed
Ludo Govaerts (managing director), Eric Govaerts, Rudi Govaerts, Walter Govaerts and Theresia Nooyens · General meeting of 21-11-2019 · Gazette deed
First establishment
Turnhoutsebaan 189, Malle
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GOVAERTS Malle | - | - | 93.7% | - |
| Garage Delvigne Mettet | €0.6m | 19.0% | 94.3% | - |
| GARAGE WILLEMS GEERT Dendermonde | - | - | 84.7% | 2.1 |
| GARAGE TH. BOUCHAT Braine-l'Alleud | - | - | 32.5% | 3.4 |
| JANSSENS M. Kruibeke | - | - | 76.2% | 0 |
| M.C.S. Aalst | - | - | 24.9% | 0 |
| GARAGE PIERRE Onhaye | €1.1m | 4.5% | 48.5% | - |
These companies have the same main activity as GOVAERTS: general maintenance and repair of cars and light vans (up to 3.5 tonnes) (NACE 95311). They are comparable in size and age: total assets between €714,000 and €941,000, founded between 1979 and 1987.
Official details
Source: KBO- Status
- Active since 03-09-1981Normal situation
- Activity
- General maintenance and repair of cars and light vans (up to 3.5 tonnes)NACE 95311and 2 others
- Establishment unit
- 2.019.270.1802390 Malle, since 18-09-1981
- Financial year end
- 31 December
- Peppol
- Reachable
Insights on GOVAERTS
GOVAERTS files the abbreviated format. That format states no turnover. The gross margin fell from €677,298 in 2007 to €111,925 in 2025.
IMOG holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GOVAERTS
- What is the company number of GOVAERTS?
- The company number of GOVAERTS is 0421.857.849. The VAT number is the same number with BE in front: BE 0421.857.849.
- Where is GOVAERTS based?
- The registered office is at Turnhoutsebaan 198, 2390 Malle.Company details
- What does GOVAERTS do?
- According to the KBO register, the main activity is general maintenance and repair of cars and light vans (up to 3.5 tonnes) (NACE 95311).
- What is the legal form of GOVAERTS?
- GOVAERTS is a public limited company (NV).
- When was GOVAERTS founded?
- GOVAERTS was founded on 03-09-1981.
- Is GOVAERTS still active?
- Yes, GOVAERTS is an active enterprise in the KBO register.
- What is the turnover of GOVAERTS?
- The turnover in financial year 2025 is ≈ €340,000. This figure is estimated from the gross margin of €111,925 and 44 comparable companies (NACE 953). It probably lies between €270,000 and €450,000.Financials
- Is GOVAERTS profitable?
- In financial year 2025, GOVAERTS made a profit of €47,019.
- Where can I find the annual accounts of GOVAERTS?
- GOVAERTS filed 43 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GOVAERTS due?
- GOVAERTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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