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GOVAR

Active
Public limited companyfounded 1994active for 32 yearsWeimanstraat 49, 9112 Sint-Niklaas, BelgiumKBO/BCE: BE 0452.993.067
Summary

GOVAR has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €384,082 and a net result of €67,009. Equity is growing by about 11% per year across the filed financial years. Its solvency ranks better than 64% of 2,060 sector peers (NACE 01, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow ReportCompare
GOVARActiveChecked score 95/100
Risk analysis ReportCompare

Articles of association

What the company does

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
GOVAR
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams Gewest” (deed in Dutch)

deed of 11-10-2023

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
“ARTIKEL 20 - DAGELIJKS BESTUUR De raad van bestuur kan het dagelijks bestuur, alsook de vertegenwoordiging van de vennootschap wat dat…”
Board ruleHow the board is made up, meets and takes decisions.
“Door algemene vergadering bepaald,maximaal wettelijk maximum, raad van bestuur” (deed in Dutch)
“Alle handelingen nodig of dienstig tot verwezenlijking voorwerp, bevoegdheden raad van bestuur” (deed in Dutch)
2 more provisions on this in the deed

deed of 11-10-2023

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Op naam” (deed in Dutch)
Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
One provision in the deed

deed of 11-10-2023

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
First Saturday of December at 11:00

deed of 11-10-2023

Oversight and winding up

Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“35, bestuursorgaan in functie bij gebrek aan benoeming” (deed in Dutch)
“Alle verrichtingen vermeld in wet, 36” (deed in Dutch)

deed of 11-10-2023

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Dagelijks bestuur en vertegenwoordiging wat dat bestuur aangaat, directeur” (deed in Dutch)
Other provision: “Toelating algemene vergadering, 25” (deed in Dutch)
Other provision: “Stemrecht, 29” (deed in Dutch)
Other provision: “Jaarlijkse nettowinst overeenkomstig wettelijke bepalingen, bestemming winst” (deed in Dutch)
1 more provision in the deed, see the deed of 11-10-2023

deed of 11-10-2023

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