GOVAKA
Dissolution or liquidationSummary
The KBO register records for GOVAKA the legal situation: dissolution or liquidation; this is today's state according to the register itself, which carries no start date. The 2021 annual accounts show negative equity (€-80k) and a net result of €148k.
Signals
1 signal.
+raises risk
Checked, nothing found (1)
History
Financials · fiscal year 2021, abbreviated schema
Turnover
€971k▲ 274%
2020 · €260k
EBIT margin
14.5%▲ 228.2pp
2020 · -213.7%
Net result
€148k
2020 · €-557k
Working capital
€-80k
2020 · €1.02M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Turnover€335k-€2.84M▲ 747%€260k▼ 90.9%€971k▲ 274%
Operating result€54k-€-50k€-555k▼ 999%€141k
Net result€37k-€-49k€-557k▼ 1,038%€148k
EBIT margin16.2%--1.8%▼ 18.0pp-213.7%▼ 211.9pp14.5%▲ 228.2pp
Equity€377k-€328k▼ 13.0%€-229k€-80k▲ 65.0%
Total assets€806k-€2.19M▲ 172%€1.06M▼ 51.6%€72k▼ 93.2%
Debt€428k-€1.86M▲ 335%€1.05M▼ 43.5%€152k▼ 85.6%
Working capital€384k-€2.05M▲ 434%€1.02M▼ 50.3%€-80k
Staff (FTE)5-4.3▼ 14.0%4▼ 7.0%3▼ 25.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €141k after a loss of €555k in 2020, the highest result in the available series.
Key figures and ratios
Solvency
-111.6%▼
2020 · -21.6%
Current ratio
0.47▼
2020 · 27.03
Debt to equity
-1.90
ROA
207.0%▲
2020 · -52.6%
Debt ≤ 1 year
€152k▲
2020 · €39k
Staff costs
€296k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Turnover70 | €335k | €2.84M | €260k | €971k | ▲ 274% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €745k | - |
| Remuneration, social security and pensions62 | - | - | - | €296k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €9k | €5k | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €4 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €-236k | - |
| Other operating charges640/8 | - | - | - | €868 | - |
| Non-recurring operating charges66A | - | - | - | €25k | - |
| Gross operating margin9900 | €358k | €290k | €-55k | €227k | ▲ 514% |
| Operating profit (loss)9901 | €54k | €-50k | €-555k | €141k | ▲ 125% |
| Financial income75/76B | - | - | - | €10k | - |
| Recurring financial income75 | €126 | €106 | €138 | €75 | ▼ 45.7% |
| Non-recurring financial income76B | - | - | - | €9k | - |
| Financial charges65/66B | - | - | - | €2k | - |
| Recurring financial charges65 | €389 | €2k | €2k | €2k | ▼ 9.3% |
| Profit (loss) for the period before taxes9903 | €59k | €-52k | €-557k | €148k | ▲ 127% |
| Income taxes67/77 | €22k | €-3k | - | - | - |
| Profit (loss) for the period9904 | €37k | €-49k | €-557k | €148k | ▲ 127% |
| Profit (loss) for the period to be appropriated9905 | €37k | €-49k | €-557k | €148k | ▲ 127% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €806k | €2.19M | €1.06M | €72k | ▼ 93.2% |
| Fixed assets21/28 | €14k | €5k | - | - | - |
| Tangible fixed assets22/27 | €14k | €5k | - | - | - |
| Current assets29/58 | €792k | €2.19M | €1.06M | €72k | ▼ 93.2% |
| Stocks and contracts in progress3 | €1k | €567 | €0 | - | - |
| Amounts receivable within one year40/41 | €146k | €1.39M | €392k | €5k | ▼ 98.8% |
| Trade receivables40 | - | - | - | €5k | - |
| Other amounts receivable41 | - | - | - | €42 | - |
| Cash at bank and in hand54/58 | €568k | €713k | €568k | €60k | ▼ 89.4% |
| Deferred charges and accrued income490/1 | - | - | - | €7k | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €806k | €2.19M | €1.06M | €72k | ▼ 93.2% |
| Equity10/15 | €377k | €328k | €-229k | €-80k | ▲ 65.0% |
| Contributions10/11 | €79k | €79k | €79k | €79k | = |
| Reserves13 | €8k | €8k | €8k | €8k | = |
| Non-distributable reserves130/1 | - | - | - | €8k | - |
| Reserves not available under the articles1311 | - | - | - | €8k | - |
| Profit (loss) carried forward14 | €290k | €241k | €-315k | €-167k | ▲ 47.1% |
| Provisions and deferred taxes16 | - | - | €236k | - | - |
| Amounts payable17/49 | €428k | €1.86M | €1.05M | €152k | ▼ 85.6% |
| Amounts payable within one year42/48 | €408k | €135k | €39k | €152k | ▲ 287% |
| Trade debts44 | €84k | €91k | €39k | €89k | ▲ 126% |
| Suppliers440/4 | - | - | - | €89k | - |
| Taxes, remuneration and social security45 | - | - | - | €63k | - |
| Remuneration and social security454/9 | - | - | - | €63k | - |
| Accrued charges and deferred income492/3 | - | - | - | €49 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37k | €-49k | €-557k | €148k | ▲ 127% |
| + Depreciation and write-downs630 | €11k | €9k | €5k | - | - |
| Operating cash flow (approximation) | €48k | €-40k | €-552k | €148k | ▲ 127% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - |
| Change in cash | - | €145k | €-144k | €-508k | ▼ 252% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2023
04-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 157 days late
2021
31-12
Financial
Back to profitnet €148k
Net result €148k after 2 loss-making years.
12-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-557k
Net result drops to €-557k, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity times 8current ratio 16.24
Current ratio from 1.94 to 16.24; short-term debt falls from €408k to €135k.
23-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
10-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
23-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
15-04
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
02-04
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
09-04
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
11 acts for this company are 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, Schaarbeek · 1 establishment unit since 1994
Ground area
2,018 m²
Building footprint
1,139 m²
Volume, LiDAR
23,438 m³
Parcel 21902A0300/00V000, Brussels · tallest building 24.1 m, ±7 floors. Linked by address, not a title deed.
18
companies at this address
See who is registered here
1 establishment unit
Britsierslaan 5, 1030 Schaarbeek
since 19942.066.948.947
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21902A0300/00V000 | Brussels | 2,018 m² | 1 · 1,139 m² | 24.1 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded22-12-1993
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.