GOVANO
ActiveSummary
GOVANO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €41,487 and a net result of €11,503. Equity is growing by ~21.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability96▲+35
Solvency100▲+5
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 3.86 against 1.88 in 2023; short-term debt: 20.2% and cash: 26.2% of total assets), and 20.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · 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 2024Solvency, return and age of the figures
Solvency
79.8%
Return on assets
22.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-06-2026, 43 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
43 d early
2024
52 d early
2023
65 d early
2022
59 d early
2021
53 d early
2020
51 d early
2019
63 d 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 55 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 8 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema, 2025 accounts filed, figures not processed yet
Equity
€41,487▲ 38.4%
2023 · €29,984
Total assets
€51,981▲ 21.1%
2023 · €42,921
Net result
€11,503
2023 · -€2,609
Working capital
€29,981▲ 162%
2023 · €11,426
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€23,399▲ 119%-€7,163€20,795-€4,057€14,801
Net result€16,813within the sector's middle half▲ 119%-€8,425below the sector's middle half€15,336within the sector's middle half-€2,609below the sector's middle half€11,503within the sector's middle half
Equity€30,681within the sector's middle half▲ 121%€22,256within the sector's middle half▼ 27.5%€32,593within the sector's middle half▲ 46.4%€29,984within the sector's middle half▼ 8.0%€41,487within the sector's middle half▲ 38.4%
Total assets€58,892below the sector's middle half▲ 37.7%€30,109below the sector's middle half▼ 48.9%€43,574below the sector's middle half▲ 44.7%€42,921below the sector's middle half▼ 1.5%€51,981below the sector's middle half▲ 21.1%
Debt€28,210▼ 2.4%€7,853▼ 72.2%€10,981▲ 39.8%€12,937▲ 17.8%€10,493▼ 18.9%
Working capital€13,277within the sector's middle half€16,237within the sector's middle half▲ 22.3%€10,644within the sector's middle half▼ 34.4%€11,426within the sector's middle half▲ 7.3%€29,981within the sector's middle half▲ 162%
Solvency52.1%within the sector's middle half▲ 19.7pp73.9%above the sector's middle half▲ 21.8pp74.8%above the sector's middle half▲ 0.9pp69.9%above the sector's middle half▼ 4.9pp79.8%above the sector's middle half▲ 10.0pp
Current ratio1.47within the sector's middle half▲ 0.783.07within the sector's middle half▲ 1.601.97within the sector's middle half▼ 1.101.88within the sector's middle half▼ 0.093.86above the sector's middle half▲ 1.97
Return on assets (ROA)28.5%above the sector's middle half▲ 10.6pp-28.0%below the sector's middle half▼ 56.5pp35.2%above the sector's middle half▲ 63.2pp-6.1%below the sector's middle half▼ 41.3pp22.1%above the sector's middle half▲ 28.2pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €14,801 after a loss of €4,057 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €51,981
Fixed assets
€11,506 ▼ 38.0%
Current assets
€40,475 ▲ 66.1%
Equity and liabilities €51,981
Equity
€41,487 ▲ 38.4%
Debt
€10,493 ▼ 18.9%
Debt's share of the balance-sheet total falls from 30.1% to 20.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24,910▲
2023 · €6,102
Cash flow
€21,612▲
2023 · €7,551
Debt to equity
0.25▼
2023 · 0.43
ROE
27.7%▲
2023 · -8.7%
Interest coverage
50.41▲
2023 · 9.90
Debt ≤ 1 year
€10,493▼
2023 · €12,937
Income taxes
€2,834▲
2023 · -€2,000
Staff costs
€132▼
2023 · €1,248
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,975 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €1,248 | €132 | ▼ 89.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,337 | €1,866 | €5,891 | €10,159 | €10,109 | ▼ 0.5% |
| Other operating charges640/8 | - | €5,326 | €744 | €1,399 | €2,034 | ▲ 45.4% |
| Gross operating margin9900 | €29,746 | €30 | €27,430 | €8,748 | €27,076 | ▲ 209% |
| Operating profit (loss)9901 | €23,399 | -€7,163 | €20,795 | -€4,057 | €14,801 | ▲ 465% |
| Financial income75/76B | - | €0 | €40 | €65 | €30 | ▼ 53.7% |
| Recurring financial income75 | €0 | €0 | €40 | €65 | €30 | ▼ 53.7% |
| Financial charges65/66B | - | €565 | €664 | €616 | €494 | ▼ 19.8% |
| Recurring financial charges65 | €75 | €565 | €664 | €616 | €494 | ▼ 19.8% |
| Profit (loss) for the period before taxes9903 | €23,324 | -€7,727 | €20,171 | -€4,609 | €14,337 | ▲ 411% |
| Income taxes67/77 | €6,511 | €698 | €4,835 | -€2,000 | €2,834 | ▲ 242% |
| Profit (loss) for the period9904 | €16,813 | -€8,425 | €15,336 | -€2,609 | €11,503 | ▲ 541% |
| Profit (loss) for the period to be appropriated9905 | €16,813 | -€8,425 | €15,336 | -€2,609 | €11,503 | ▲ 541% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €58,892 | €30,109 | €43,574 | €42,921 | €51,981 | ▲ 21.1% |
| Fixed assets21/28 | €17,404 | €6,020 | €21,949 | €18,558 | €11,506 | ▼ 38.0% |
| Tangible fixed assets22/27 | €17,404 | €6,020 | €21,949 | €18,558 | €11,506 | ▼ 38.0% |
| Plant, machinery and equipment23 | - | €3,393 | €2,877 | €1,070 | €2,882 | ▲ 169% |
| Furniture and vehicles24 | - | €2,627 | €19,071 | €17,488 | €8,624 | ▼ 50.7% |
| Current assets29/58 | €41,488 | €24,090 | €21,626 | €24,363 | €40,475 | ▲ 66.1% |
| Amounts receivable within one year40/41 | €22,448 | €7,182 | €13,128 | €16,446 | €26,839 | ▲ 63.2% |
| Trade receivables40 | - | €5,806 | €9,515 | €8,022 | €20,243 | ▲ 152% |
| Other amounts receivable41 | - | €1,377 | €3,613 | €8,425 | €6,596 | ▼ 21.7% |
| Cash at bank and in hand54/58 | €17,984 | €16,519 | €8,412 | €7,917 | €13,635 | ▲ 72.2% |
| Deferred charges and accrued income490/1 | - | €389 | €85 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €58,892 | €30,109 | €43,574 | €42,921 | €51,981 | ▲ 21.1% |
| Equity10/15 | €30,681 | €22,256 | €32,593 | €29,984 | €41,487 | ▲ 38.4% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,224 | €1,224 | €26,393 | €26,393 | €35,287 | ▲ 33.7% |
| Distributable reserves133 | - | €1,224 | €26,393 | €26,393 | €35,287 | ▲ 33.7% |
| Profit (loss) carried forward14 | €23,257 | €14,832 | - | -€2,609 | - | - |
| Amounts payable17/49 | €28,210 | €7,853 | €10,981 | €12,937 | €10,493 | ▼ 18.9% |
| Amounts payable within one year42/48 | €28,210 | €7,853 | €10,981 | €12,937 | €10,493 | ▼ 18.9% |
| Trade debts44 | €846 | €2,609 | €926 | €2,096 | €4,158 | ▲ 98.3% |
| Suppliers440/4 | - | €2,609 | €926 | €2,096 | €4,158 | ▲ 98.3% |
| Taxes, remuneration and social security45 | - | €5,209 | €5,791 | €4,835 | €4,194 | ▼ 13.3% |
| Taxes450/3 | - | €5,209 | €5,791 | €4,835 | €4,194 | ▼ 13.3% |
| Other amounts payable47/48 | - | €36 | €4,264 | €6,006 | €2,141 | ▼ 64.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,813 | -€8,425 | €15,336 | -€2,609 | €11,503 | ▲ 541% |
| + Depreciation and write-downs630 | €5,337 | €1,866 | €5,891 | €10,159 | €10,109 | ▼ 0.5% |
| Operating cash flow (approximation) | €22,151 | -€6,559 | €21,228 | €7,551 | €21,612 | ▲ 186% |
| Investment in fixed assets (approximation) | - | €9,519 | -€21,820 | -€6,769 | -€3,057 | ▲ 54.8% |
| Change in cash | - | -€1,465 | -€8,107 | -€495 | €5,718 | ▲ 1,256% |
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
Next filing, fiscal year 2026, expected by
2026
14-08
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- General meeting, 17-07-2026
- Registered-office move, Ferdinand Verbieststraat 7/D bus 303, 2180 Ekeren
18-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
09-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €11,503
Net result €11,503 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 3.86
Current ratio from 1.88 to 3.86; short-term debt falls from €12,937 to €10,493.
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €15,336
Net result €15,336 after one loss-making year.
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€8,425
Net result drops to -€8,425, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 3.07
Current ratio from 1.47 to 3.07; short-term debt falls from €28,210 to €7,853.
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
31-12
Financial
Highest result since 2019net €16,813 ▲119%
Operating result €23,399, net result €16,813, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.47
Current ratio from 0.69 to 1.47; short-term debt falls from €28,901 to €28,210.
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
No directors read yet: 1 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2018
Ground area
1,043 m²
Building footprint
1,034 m²
Volume, LiDAR
7,779 m³
Parcel 11817F0657/00V000, Flanders · tallest building 13.9 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Govano
since 20182.275.610.595
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11817F0657/00V000 | Flanders | 1,043 m² | 1 · 1,034 m² | 13.9 m · 1 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.
Subsidies and aid
Flemish government
2023 · 1 entry · 500 EUR awarded · 500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 500 EUR | 500 EUR |
Schemes
Recognitions · licences · registrations
Dual-learning approval
2 live approvalsAfwerking bouw duaal (so)
Medewerker tegelzetwerken en dekvloeren duaal (so)
Similar companies · same sector, comparable size
DKC GROUP
BE 1008.922.140
Sint-Genesius-Rode · Eq €41,512
WEEKX LUK
BE 0447.083.490
Brasschaat · Eq €41,362
ON CONSTRUCTION
BE 0778.441.727
Beersel · Eq €41,337
Bjorn Vervaecke
BE 1005.040.952
Kortrijk · Eq €41,677
SMALL
BE 0639.754.590
Charleroi · Eq €41,178
Of 7,862 companies in this sector we hold annual accounts for 2,666. 2,286 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded21-04-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
43320Joinery installation
43333Wallpapering and laying of floor and wall coverings in other materials
43422Screed work
46713Wholesale trade
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0694958082
Also
9925:BE0694958082
Registered
16-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.