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GOVAR RENTING

Active
Private limited companyfounded 2003active for 23 yearsIzegemsestraat 35, 8850 Ardooie, BelgiumKBO/BCE: BE 0479.304.912

From the official registers: KBO 22 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

GOVAR RENTING has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.2m and a net result of €375,077. Equity has been growing by about 14% per year since 2019. Its solvency ranks better than 85% of 1,139 sector peers (NACE 77, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

KBO
Status
Active since 13-01-2003 Normal situation
Activity
Renting and leasing of other machinery, equipment and tangible goods NACE 77399
Establishment unit
2.132.314.277 8850 Ardooie, since 19-06-2003
Financial year end
30 September
Peppol
Reachable since 26-10-2026

Board and ownership

Board
  • GOVAERE Guido JozefDirector · since 09-01-2003
  • BV Govar GroupDirector · permanent representative Evelyne Govaere

Financial position

96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts to 30-09-2025
Gross margin
€1.2m
Turnover
≈ €2.1m
estimated
Profit
€375,077
Equity
€5.2m
Total assets
€6.6m
Equity +86%: capital increase
Filed on 18-03-2026, 43 days before the deadlinePDF
Score breakdownraises riskLiquidity: current ratio 0.10, cash €76,853lowers riskSize: total assets €6.6mFounded in 2003Figures for financial year 2025 (filed on 20-03-2026)Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 70% of small companies in rental and leasing (NACE 77)
Financial strength · tick: 2024
Strong
Solvency 100+36
equity 78.9% of total assets
Liquidity 48+25
short-term debt 15.0% · cash 1.2%
Profitability 76+2
return on assets 5.7%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (465 companies, NACE 77, small)
Last 24 months 12-2024: 0.1% 01-2025: 0.2%▲ +0.1 percentage points vs 12-2024 02-2025: 0.3%▲ +0.1 percentage points vs 01-2025 03-2025: 0.2%▼ -0.1 percentage points vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.3%▲ +0.1 percentage points vs 12-2025 02-2026: 0.5%▲ +0.2 percentage points vs 01-2026 03-2026: 0.7%▲ +0.2 percentage points vs 02-2026highest value 04-2026: 0.1%▼ -0.6 percentage points vs 03-2026lowest value 05-2026: 0.1%● unchanged vs 04-2026lowest value 06-2026: 0.1%● unchanged vs 05-2026lowest value 07-2026: 0.1%● unchanged vs 06-2026lowest value 08-2026: 0.1%● unchanged vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €500,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.1 (0.12 in 2024), below 1. Short-term debt is 15% and cash 1.2% of total assets. 21.1% of the assets are financed with debt and provisions.
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 77, small). It does better than 92% of them on solvency, 54% on liquidity and 66% on profitability.

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

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.10, cash €76,853
NBB · annual accounts
lowers risk · Size: total assets €6.6m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 2003
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Figures for financial year 2025 (filed on 20-03-2026)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 18-03-2026, 43 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
43 days early
2024
13 days late
2023
41 days early
2022
3 days late
2021
on the day
2020
20 days early
2019
1 day early
← 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 13 days before the deadline. In the sector (NACE 77), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Equity rose in 2025capital increase ▲ 85.9% View
  • Positive: More equity than 95% of companies in rental and leasingsector median €257,177 · 1,139 companies €5.2m View
  • Positive: 7 profitable years in a rowprofit 2025: €375,077 7 years View

Comparable companies

These companies have the same main activity as GOVAR RENTING: renting and leasing of other machinery, equipment and tangible goods (NACE 77399). They are comparable in size and age: total assets between €4.4m and €8.6m, founded between 2002 and 2008.

CompanyTotal assetsGross margin
GOVAR RENTING Ardooie€6.6m€1.2m
LDL Rent Tielt€4.7m€1.7m
MATRIXDECOR Tielt€6.0m€1.6m
BUREAU KINET Durbuy€5.0m€1.2m
Zeppelin Energy Rental Belgium N.V. Antwerpen€4.4m€0.9m
DE KEMPEN VERHUUR Schilde€7.3m€1.8m
MANZANA Gent€8.6m€0.7m
Full comparison

Documents

Annual accounts at the NBB

All 22 annual accounts

Articles and registers

Key facts about GOVAR RENTING

What is the company number of GOVAR RENTING?
The company number of GOVAR RENTING is 0479.304.912. The VAT number is the same number with BE in front: BE 0479.304.912.
Where is GOVAR RENTING based?
The registered office is at Izegemsestraat 35, 8850 Ardooie.Company details
What does GOVAR RENTING do?
According to the KBO register, the main activity is renting and leasing of other machinery, equipment and tangible goods (NACE 77399).
What is the legal form of GOVAR RENTING?
The legal form of GOVAR RENTING is Private limited company (BV).
When was GOVAR RENTING founded?
GOVAR RENTING was founded on 13-01-2003.
Is GOVAR RENTING still active?
Yes, GOVAR RENTING is an active enterprise in the KBO register.
What is the turnover of GOVAR RENTING?
The turnover in financial year 2025 is ≈ €2.1m. This figure is estimated from the gross margin of €1.2m and 1,586 comparable companies of the same size. It probably lies between €1.4m and €3.4m. It is a rough estimate.Financials
Is GOVAR RENTING profitable?
In financial year 2025, GOVAR RENTING made a profit of €375,077.
Where can I find the annual accounts of GOVAR RENTING?
GOVAR RENTING filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)

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