GOVERS TECHNICS
ActiveSummary
GOVERS TECHNICS has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €45,752 and a net result of €9,370, of which €6,862 non-recurring income. Equity has been growing by about 28% per year since 2023. Its solvency ranks better than 66% of 34,954 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 11-05-2021 Normal situation
- Activity
- Electrical installation work in industrial facilities NACE 43212and 2 others
- Joint committees
- 149 Paritair Comité voor de sectors die aan de metaal-, machine- en elektrische bouw verwant zijn
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
- Establishment unit
- 2.317.129.466 2830 Willebroek, since 11-05-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
- Gross margin
- €108,828
- ▲ 38.7%
- Turnover
- ≈ €340,000
- estimated
- Profit
- €9,370
- ▼ 15.4%
- Equity
- €45,752
- ▲ 25.8%
- Total assets
- €74,576
- ▼ 8.9%
- Employees on 31-12-2025
- 2
- 2025 accounts filed 21 days after the deadline
Score breakdownraises riskSize: total assets €74,576Founded in 2021lowers riskLiquidity: current ratio 2.36, cash €29,225Equity €45,752 (61.3% of total assets)Show the evidence
Checked score
About 4 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 43, micro). It does better than 67% of them on solvency, 79% on liquidity, 68% on profitability and 72% on growth.
The bankruptcy probability was computed on 03-11-2026 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 3 accounts on average 18 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 21 days after the deadline Filed on 21 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00423952.
Annual accounts 2025 filed on 21-08-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is 19% lower than in 2024 and the lowest since 2023. It is the second fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 2 |
| full-time | 2 |
| in full-time equivalents | 2 |
| Average over the year, in full-time equivalents | 2 |
| On a permanent contract | 2 |
Source: social balance sheet in the 2025 annual accounts
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | - | €14,497 | - |
| Financial fixed assets | €128 | - | - |
| Depreciation and write-downs of the year | - | €1,264 | €2,049 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €1,776 awarded · €1,899 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €678 | €678 |
| 2024 | 1 | €540 | €540 |
| 2023 | 1 | €0 | €123 |
| 2022 | 1 | €558 | €558 |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €6,862 | - |
| Remuneration, social security and pensions62 | €6,806 | €56,622 | €91,984 | ▲ 62.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,264 | €2,049 | ▲ 62.1% |
| Other operating charges640/8 | €2,095 | €3,400 | €1,670 | ▼ 50.9% |
| Non-recurring operating charges66A | - | €1,000 | - | - |
| Gross operating margin9900 | €25,666 | €78,475 | €108,828 | ▲ 38.7% |
| Operating profit (loss)9901 | €16,765 | €16,189 | €13,124 | ▼ 18.9% |
| Financial income75/76B | €328 | €586 | €1,109 | ▲ 89.1% |
| Recurring financial income75 | €328 | €586 | €1,109 | ▲ 89.1% |
| Financial charges65/66B | €2,736 | €1,913 | €1,750 | ▼ 8.5% |
| Recurring financial charges65 | €2,736 | €1,913 | €1,750 | ▼ 8.5% |
| Profit (loss) for the period before taxes9903 | €14,357 | €14,862 | €12,483 | ▼ 16.0% |
| Income taxes67/77 | €3,435 | €3,786 | €3,113 | ▼ 17.8% |
| Profit (loss) for the period9904 | €10,922 | €11,076 | €9,370 | ▼ 15.4% |
| Profit (loss) for the period to be appropriated9905 | €10,922 | €11,076 | €9,370 | ▼ 15.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €32,001 | €81,842 | €74,576 | ▼ 8.9% |
| Fixed assets21/28 | €128 | €9,111 | €7,062 | ▼ 22.5% |
| Tangible fixed assets22/27 | - | €8,983 | €6,934 | ▼ 22.8% |
| Plant, machinery and equipment23 | - | €4,536 | €3,527 | ▼ 22.2% |
| Furniture and vehicles24 | - | €4,447 | €3,407 | ▼ 23.4% |
| Financial fixed assets28 | €128 | €128 | €128 | = |
| Current assets29/58 | €31,873 | €72,731 | €67,515 | ▼ 7.2% |
| Amounts receivable within one year40/41 | €23,129 | €52,125 | €36,600 | ▼ 29.8% |
| Trade receivables40 | €21,291 | €35,908 | €31,399 | ▼ 12.6% |
| Other amounts receivable41 | €1,838 | €16,217 | €5,201 | ▼ 67.9% |
| Current investments50/53 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €6,480 | €16,244 | €29,225 | ▲ 79.9% |
| Deferred charges and accrued income490/1 | €2,263 | €4,362 | €1,690 | ▼ 61.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €32,001 | €81,842 | €74,576 | ▼ 8.9% |
| Equity10/15 | €25,306 | €36,382 | €45,752 | ▲ 25.8% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €23,306 | €34,382 | €43,752 | ▲ 27.3% |
| Distributable reserves133 | €23,306 | €34,382 | €43,752 | ▲ 27.3% |
| Profit (loss) carried forward14 | €0 | - | - | - |
| Amounts payable17/49 | €6,694 | €45,460 | €28,824 | ▼ 36.6% |
| Amounts payable within one year42/48 | €6,694 | €45,260 | €28,624 | ▼ 36.8% |
| Trade debts44 | €1,199 | €26,069 | €3,787 | ▼ 85.5% |
| Suppliers440/4 | €1,199 | €26,069 | €3,787 | ▼ 85.5% |
| Taxes, remuneration and social security45 | €4,535 | €19,191 | €24,837 | ▲ 29.4% |
| Taxes450/3 | €4,535 | €5,767 | €3,952 | ▼ 31.5% |
| Remuneration and social security454/9 | €0 | €13,424 | €20,886 | ▲ 55.6% |
| Other amounts payable47/48 | €960 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | €200 | €200 | = |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,922 | €11,076 | €9,370 | ▼ 15.4% |
| + Depreciation and write-downs630 | - | €1,264 | €2,049 | ▲ 62.1% |
| Operating cash flow (approximation) | €10,922 | €12,340 | €11,419 | ▼ 7.5% |
| Investment in fixed assets (approximation) | - | -€10,247 | €0 | - |
| Change in cash | - | €9,764 | €12,981 | ▲ 32.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 26,972 companies had the same profile as GOVERS TECHNICS has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GOVERS TECHNICS itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for GOVERS TECHNICS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Owners and capital
Capital transactions
- 06-07-2023 Capital stated in the deed · 200 shares
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, 1”
Capital, shares and profit
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Helft ten laste overdrager en helft ten laste koper(s) naar evenredigheid aantal aandelen, werkelijke waarde op dag van overdracht”
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Ontbinding op elk moment door beslissing algemene vergadering, met inachtneming van vormvereisten, aanwezigheidsquorum en meerderheid…”
Articles of association, deed of 06-07-2023 (in Dutch)
Network & group
GOVERS TECHNICS shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of GOVERS TECHNICS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
06-07
Gazette deed
Appointment: GOVERS Glenn (bestuurder van de besloten vennootschap)Auditor report · Legal-form conversion · Accounting effect15 points ▸
- General meeting, “ontslag voorzitter van voorlezing verslag, artikel 14:4 Wetboek van Vennootschappen en Verenigingen” (deed in Dutch)
- Other provision, “alle aanwezige of vertegenwoordigde aandeelhouders, ontvangst en kennisname verslag gecertificeerd accountant” (deed in Dutch)
- Auditor report, “Sinaai, substantiële controle staat van activa en passiva, nagaan of netto actief overgewaardeerd” (deed in Dutch)
- General meeting, “goedkeuring inhoud verslag gecertificeerd accountant, voor zoveel als nodig” (deed in Dutch)
- General meeting, “ontslag voorzitter van voorlezing verslag zaakvoerder over voorstel omzetting in besloten vennootschap, artikel 14:5 Wetboek van Vennootschappen en Verenigingen” (deed in Dutch)
- Other provision, “aandeelhouders, ontvangst en kennisname verslag bestuursorgaan” (deed in Dutch)
- General meeting, “goedkeuring inhoud verslag zaakvoerder, voor zoveel als nodig” (deed in Dutch)
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Accounting effect, 31-03-2023
- Other provision, “bevestiging beschikbaarheid inbreng na omzetting, statutair beschikbare inbreng” (deed in Dutch)
- Amendment of the articles
- Capital
- The act holds 3 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
5 activities
- Uitvoeren van elektrotechnische installatiewerken aan gebouwen:elektrische bedrading en toebehoren,bedrading voor telefooninstallaties en computersystemen,bewakingssystemen en alarminstallaties tegen diefstal
- Uitvoeren van installatiewerken van verwarming,klimaatregeling en ventilatie:werken in gebouwen van verwarmingssystemen op elektriciteit,gas of stookolieapparaten,verwarmingsketels,apparaten en leidingen voor ventilatie en klimaatregeling,enz.
- Installaties van verwarming,klimaatregeling en ventilatie(zonder verwarming)
- Onderneming voor de installatie van elektrische verwarmingsinstallaties
- Kleine renovatiewerken en bouwwerken,handel in kleine materialen die verband houden met elektriciteitswerken
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0768.290.478
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Recognised contractor
2 categories- C2 Water supply and laying all kinds of pipesclass 1, up to €162,000
- P1 Electrical installations in buildings, with fire and burglar alarms and telecomsclass 1, up to €162,000
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12004B0311/00B002 | Flanders | 218 m² | 1 · 107 m² | 9.7 m · 2 |