GOVAR - INDUSTRIEBOUW
ActiveSummary
GOVAR - INDUSTRIEBOUW has been active since 1961 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.3m and a net result of €1.3m. Equity has been growing by about 5.9% per year since 2019. Its solvency ranks better than 54% of 173 sector peers (NACE 16, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Official details
Source: KBO- Status
- Active since 18-02-1961 Normal situation
- Activity
- Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials NACE 16210and 3 others
- Joint committees
- 200 Aanvullend Paritair Comité voor de bedienden
- 124 Paritair Comité voor het bouwbedrijf · annual accounts 30-09-2025
- Establishment unit
- 2.000.064.972 8850 Ardooie, since 01-01-1961
- Financial year end
- 30 September
- Peppol
- Reachable since 21-10-2026
Board and ownership
- BV Govar GroupDirector · since 01-01-2025 · permanent representative Christophe Govaere
- Auditor
- VRC BEDRIJFSREVISOREN BV
- GOVAR GROUP99.8%· score 842025 annual accounts of GOVAR GROUP
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Turnover
- €43.8m
- ▲ 36.3%
- Profit
- €1.3m
- ▲ 75.3%
- Equity
- €6.3m
- ▼ 11.9%
- Total assets
- €11.0m
- ▼ 14.2%
- Employees on 30-09-2025
- 41
- ▼ 12.8%
Score breakdownlowers riskFounded in 1961Liquidity: current ratio 2.18, cash €2.0mEquity €6.3m (56.9% of total assets)Size: turnover €43.8m, 41.3 FTE, total assets €11.0mShow the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 16, small). It does better than 58% of them on solvency, 61% on liquidity, 52% on profitability and 60% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 21 days before the deadline. In the sector (NACE 16), the median for financial year 2024 was 3 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
Key points
- Positive: Oldest company in Ardooie, Manufacturing sectorin the Checked rankings No. 1 View
- Positive: Result rose in 2025from €765,711 to €1.3m ▲ 75.3% View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
- Positive: 7 profitable years in a rowprofit 2025: €1.3m 7 years View
Comparable companies
These companies have the same main activity as GOVAR - INDUSTRIEBOUW: manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16210). They are comparable in size and age: total assets between €6.4m and €27m, founded between 1975 and 1994.
| Company | Total assets | Turnover |
|---|---|---|
| GOVAR - INDUSTRIEBOUW Ardooie | €11.0m | €43.8m |
| DE COENE - PRODUCTS Wevelgem | €11.1m | €24.1m |
| HARINCK Wielsbeke | €26.8m | €25.5m |
| TRIPLACO Harelbeke | €10.6m | €24.9m |
| FINASPAN Boortmeerbeek | €11.1m | €12.4m |
| STABILAME Couvin | €13.9m | €14.8m |
| HOUTBUIGERIJ ANTOINE VAN HULLE Maldegem | €6.4m | - |
Key facts about GOVAR - INDUSTRIEBOUW
- What is the company number of GOVAR - INDUSTRIEBOUW?
- The company number of GOVAR - INDUSTRIEBOUW is 0405.567.391. The VAT number is the same number with BE in front: BE 0405.567.391.
- Where is GOVAR - INDUSTRIEBOUW based?
- The registered office is at Izegemsestraat 35, 8850 Ardooie.Company details
- What does GOVAR - INDUSTRIEBOUW do?
- According to the KBO register, the main activity is manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16210).
- What is the legal form of GOVAR - INDUSTRIEBOUW?
- The legal form of GOVAR - INDUSTRIEBOUW is Private limited company (BV).
- When was GOVAR - INDUSTRIEBOUW founded?
- GOVAR - INDUSTRIEBOUW was founded on 18-02-1961.
- Is GOVAR - INDUSTRIEBOUW still active?
- Yes, GOVAR - INDUSTRIEBOUW is an active enterprise in the KBO register.
- How many employees does GOVAR - INDUSTRIEBOUW have?
- GOVAR - INDUSTRIEBOUW had an average of 41.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does GOVAR - INDUSTRIEBOUW fall under?
- In its 30-09-2025 annual accounts, GOVAR - INDUSTRIEBOUW states joint committees 200 (Aanvullend Paritair Comité voor de bedienden) and 124 (Paritair Comité voor het bouwbedrijf).
- What is the turnover of GOVAR - INDUSTRIEBOUW?
- The turnover of GOVAR - INDUSTRIEBOUW was €43.8m in financial year 2025, according to the filed annual accounts.
- Is GOVAR - INDUSTRIEBOUW profitable?
- In financial year 2025, GOVAR - INDUSTRIEBOUW made a profit of €1.3m.
- Where can I find the annual accounts of GOVAR - INDUSTRIEBOUW?
- GOVAR - INDUSTRIEBOUW filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GOVAR - INDUSTRIEBOUW due?
- GOVAR - INDUSTRIEBOUW must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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