GOVERS C.
ActiveSummary
GOVERS C. has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €174,914 and a net result of €18,905. Equity is growing by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 59% of 26040 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability75▼-1
Solvency68▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity tight (current ratio 1.14 against 0.98 in 2023; short-term debt: 17.9% and cash: 3.7% of total assets), and 57.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
61 d late
2022
60 d late
2021
77 d late
2020
60 d late
2019
209 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 88 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€174,914▲ 12.1%
2023 · €156,009
Total assets
€409,840▼ 6.3%
2023 · €437,466
Net result
€18,905▼ 29.4%
2023 · €26,761
Working capital
€10,405
2023 · -€2,333
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
Line20202021202220232024
Operating result€47,778▼ 13.6%€55,735▲ 16.7%€56,610▲ 1.6%€41,338▼ 27.0%€27,171▼ 34.3%
Net result€37,393▲ 88.8%€43,415▲ 16.1%€39,915▼ 8.1%€26,761▼ 33.0%€18,905▼ 29.4%
Equity€105,116▲ 35.2%€135,531▲ 28.9%€129,249▼ 4.6%€156,009▲ 20.7%€174,914▲ 12.1%
Total assets€257,901▲ 21.0%€289,583▲ 12.3%€418,689▲ 44.6%€437,466▲ 4.5%€409,840▼ 6.3%
Debt€152,785▲ 12.8%€154,053▲ 0.8%€289,441▲ 87.9%€281,457▼ 2.8%€234,926▼ 16.5%
Working capital-€56,297▲ 23.5%-€35,752▲ 36.5%-€65,639▼ 83.6%-€2,333▲ 96.4%€10,405
Staff (FTE)0.70.3▼ 57.1%0.3=0.5▲ 66.7%0.6▲ 20.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 34% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €409,840
Fixed assets
€326,095 ▼ 3.2%
Current assets
€83,746 ▼ 16.8%
Equity and liabilities €409,840
Equity
€174,914 ▲ 12.1%
Debt
€234,926 ▼ 16.5%
Debt's share of the balance-sheet total falls from 64.3% to 57.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€40,393▼
2023 · €54,214
Cash flow
€32,127▼
2023 · €39,637
Current ratio
1.14▲
2023 · 0.98
Quick ratio
0.84▲
2023 · 0.77
Debt to equity
1.34▼
2023 · 1.80
ROE
10.8%▼
2023 · 17.2%
ROA
4.6%▼
2023 · 6.1%
Interest coverage
7.34▼
2023 · 10.15
Debt ≤ 1 year
€73,341▼
2023 · €102,986
Debt > 1 year
€161,586▼
2023 · €178,471
Income taxes
€5,314▼
2023 · €9,753
Staff costs
€20,634▲
2023 · €19,252
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 16,986 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 | - | €21,768 | €19,374 | €19,252 | €20,634 | ▲ 7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,499 | €5,311 | €10,156 | €12,876 | €13,223 | ▲ 2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€101 | -€421 | -€1,759 | - | - |
| Other operating charges640/8 | - | €2,364 | €2,189 | €2,018 | €2,490 | ▲ 23.4% |
| Gross operating margin9900 | €70,801 | €85,077 | €87,907 | €73,726 | €63,517 | ▼ 13.8% |
| Operating profit (loss)9901 | €47,778 | €55,735 | €56,610 | €41,338 | €27,171 | ▼ 34.3% |
| Financial income75/76B | - | €0 | €0 | €519 | €2,549 | ▲ 391% |
| Recurring financial income75 | €5 | €0 | €0 | €519 | €2,549 | ▲ 391% |
| Financial charges65/66B | - | €2,462 | €2,157 | €5,343 | €5,501 | ▲ 2.9% |
| Recurring financial charges65 | €1,677 | €2,462 | €2,157 | €5,343 | €5,501 | ▲ 2.9% |
| Profit (loss) for the period before taxes9903 | €46,107 | €53,274 | €54,453 | €36,513 | €24,219 | ▼ 33.7% |
| Income taxes67/77 | €8,713 | €9,859 | €14,538 | €9,753 | €5,314 | ▼ 45.5% |
| Profit (loss) for the period9904 | €37,393 | €43,415 | €39,915 | €26,761 | €18,905 | ▼ 29.4% |
| Profit (loss) for the period to be appropriated9905 | €37,393 | €43,415 | €39,915 | €26,761 | €18,905 | ▼ 29.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €257,901 | €289,583 | €418,689 | €437,466 | €409,840 | ▼ 6.3% |
| Fixed assets21/28 | €190,224 | €218,968 | €340,498 | €336,813 | €326,095 | ▼ 3.2% |
| Tangible fixed assets22/27 | €189,208 | €217,953 | €261,510 | €257,825 | €247,106 | ▼ 4.2% |
| Land and buildings22 | - | €214,035 | €257,758 | €255,760 | €243,959 | ▼ 4.6% |
| Plant, machinery and equipment23 | - | €2,841 | €3,136 | €1,910 | €3,147 | ▲ 64.7% |
| Furniture and vehicles24 | - | €1,077 | €615 | €154 | - | - |
| Financial fixed assets28 | €1,015 | €1,015 | €78,989 | €78,989 | €78,989 | = |
| Current assets29/58 | €67,677 | €70,616 | €78,191 | €100,653 | €83,746 | ▼ 16.8% |
| Stocks and contracts in progress3 | €13,099 | €14,993 | €13,563 | €20,954 | €22,254 | ▲ 6.2% |
| Stocks30/36 | - | €14,993 | €13,563 | €20,954 | €22,254 | ▲ 6.2% |
| Amounts receivable within one year40/41 | €8,757 | €9,778 | €7,574 | €30,513 | €46,373 | ▲ 52.0% |
| Trade receivables40 | - | €5,799 | €2,043 | €3,883 | €2,344 | ▼ 39.6% |
| Other amounts receivable41 | - | €3,980 | €5,531 | €26,631 | €44,029 | ▲ 65.3% |
| Cash at bank and in hand54/58 | €45,431 | €45,593 | €56,755 | €48,418 | €15,119 | ▼ 68.8% |
| Deferred charges and accrued income490/1 | - | €251 | €299 | €768 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €257,901 | €289,583 | €418,689 | €437,466 | €409,840 | ▼ 6.3% |
| Equity10/15 | €105,116 | €135,531 | €129,249 | €156,009 | €174,914 | ▲ 12.1% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | - | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Issued capital100 | - | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Revaluation surpluses12 | - | €144,971 | €144,971 | €144,971 | €144,971 | = |
| Reserves13 | €46,197 | €46,197 | €6,197 | €6,197 | €6,197 | = |
| Non-distributable reserves130/1 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Legal reserve130 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Distributable reserves133 | - | €40,000 | - | - | - | - |
| Profit (loss) carried forward14 | -€148,026 | -€117,611 | -€83,893 | -€57,132 | -€38,228 | ▲ 33.1% |
| Amounts payable17/49 | €152,785 | €154,053 | €289,441 | €281,457 | €234,926 | ▼ 16.5% |
| Amounts payable after more than one year17 | €28,736 | €47,685 | €145,611 | €178,471 | €161,586 | ▼ 9.5% |
| Financial debts170/4 | - | €23,371 | €40,411 | €73,271 | €56,385 | ▼ 23.0% |
| Other amounts payable178/9 | - | €24,315 | €105,200 | €105,200 | €105,200 | = |
| Amounts payable within one year42/48 | €123,974 | €106,367 | €143,830 | €102,986 | €73,341 | ▼ 28.8% |
| Current portion of amounts payable after more than one year42 | - | €7,666 | €5,969 | €16,263 | €16,886 | ▲ 3.8% |
| Financial debts43 | - | €10 | - | - | - | - |
| Credit institutions430/8 | - | €10 | - | - | - | - |
| Trade debts44 | €27,613 | €14,277 | €20,275 | €42,385 | €19,030 | ▼ 55.1% |
| Suppliers440/4 | - | €14,277 | €20,275 | €42,385 | €19,030 | ▼ 55.1% |
| Taxes, remuneration and social security45 | - | €15,315 | €32,962 | €33,831 | €25,495 | ▼ 24.6% |
| Taxes450/3 | - | €9,899 | €25,588 | €29,180 | €21,584 | ▼ 26.0% |
| Remuneration and social security454/9 | - | €5,416 | €7,374 | €4,651 | €3,910 | ▼ 15.9% |
| Other amounts payable47/48 | - | €69,099 | €84,624 | €10,507 | €11,930 | ▲ 13.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,393 | €43,415 | €39,915 | €26,761 | €18,905 | ▼ 29.4% |
| + Depreciation and write-downs630 | €4,499 | €5,311 | €10,156 | €12,876 | €13,223 | ▲ 2.7% |
| Operating cash flow (approximation) | €41,892 | €48,726 | €50,071 | €39,637 | €32,127 | ▼ 18.9% |
| Investment in fixed assets (approximation) | - | -€34,055 | -€131,686 | -€9,191 | -€2,504 | ▲ 72.8% |
| Change in cash | - | €161 | €11,162 | -€8,337 | -€33,299 | ▼ 299% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Equity above €150,000Eq €156,009 ▲20.7%
5 profitable years in a row build equity to €156,009.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
16-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 77 days late
2021
31-12
Financial
Highest result since 2018net €43,415 ▲16.1%
Net result €43,415, the highest in the series.
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
25-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 209 days late
2020
31-12
Financial
Equity above €100,000Eq €105,116 ▲35.2%
2 profitable years in a row build equity to €105,116.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 364 days late
2019
31-12
Financial
Back to profitnet €19,806
Net result €19,806 after one loss-making year.
2017
28-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 120 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
29-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Edegem · 1 establishment unit since 1993
Ground area
132 m²
Building footprint
64 m²
Volume, LiDAR
555 m³
Parcel 11013A0030/00D022, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Hazeschransstraat 30, 2650 Edegem
since 19932.061.878.916
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11013A0030/00D022 | Flanders | 132 m² | 1 · 64 m² | 10.9 m · 3 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2024 annual accounts of GOVERS C. and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEdegem2.061.878.916
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Of 2,342 companies in sector 47621 we hold annual accounts for 1,244. 1,041 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded08-04-1993
Fiscal year end31-12
Activities, NACEBEL 2025
47621Retail sale of newspapers and periodicals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0449870954
Also
9925:BE0449870954
Registered
29-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.