Equity
-€14,663
Debts exceed assets in financial year 2025.
ONDERNEMING GODAERT
Lifetime
20 annual accounts with figures on one time axis, 22 filings since 2004peak €90,865 (2012)
-€20,418▼ €22,391
lowest -€65,512 (2022)
-€28,948▼ €22,245
peak €125,423 (2014)
-€14,663▼ €28,948
€77,499▼ 10.3%
Board1 name since 2021
1 directorGODAERT Peter
Documentsfilings and deeds
10-08-202610 days late
2025abbreviated format
Gross margin from €1,973 to -€20,418Loss of €28,948Equity from €14,285 to -€14,663Cash from €82,183 to €41,043
Key points
from the 2025 annual accountsLosses
-€35,650 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Debts
€77,499 123% of the balance sheet
After one year 1%Within one year 99%
Of this, €76,848 falls due within a year.
Liquidity
0.60 was 1.04 in 2024
Short-term debts fell from €85,139 to €76,848.
Filings
22 annual accounts since 2004
Seven of the last ten came late. The 2019 accounts came latest: 28 days after the end of the period.
Position in the sector
-23.3%
Lower solvency than 94% of companies in civil engineering. Sector median 38.5% · 529 companies.
Turnover not published (abbreviated or micro format)
Checked score
53
Fair
Financially stronger than 15% of micro companies in civil engineering (NACE 42)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.8% across 1,866 companies (NACE 42, micro).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.1%▼ -0.1 percentage points vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025lowest value
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.3%▲ +0.2 percentage points vs 07-2025
09-2025: 0.2%▼ -0.1 percentage points 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: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.2 percentage points vs 07-2026
09-2026: 0.9%▲ +0.5 percentage points vs 08-2026highest value
10-2026: 0.9%● unchanged vs 09-2026highest value
11-2026: 0.9%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€14,663
Loss of €28,948, the second in a row (financial year 2025)
lowers risk
Size: total assets €62,836
Liquidity: current ratio 0.60, cash €41,043, halved
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 42, micro). It does better than 6% of them on solvency, 48% on liquidity, 5% on profitability and 2% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 6,619 companies had the same profile as ONDERNEMING GODAERT has now. Each dot stands for 17 companies, two years later.
84.5%
were still trading
10.0%
stopped another way
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ONDERNEMING GODAERT itself is lower: 0.9% within 12 months. It rests on far more data about ONDERNEMING GODAERT than the profile alone.
Test of the method
The method was tested on the 497,447 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 6,619 companies, not a prediction for ONDERNEMING GODAERT. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.6 (1.04 in 2024), below 1. Short-term debt is 122.3% and cash 65.3% of total assets. Equity is negative.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€14,663
raises risk · 2025 accounts filed 10 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
10 days late
2024
18 days late
2023
28 days late
2022
23 days late
2021
25 days late
2020
7 days early
2019
28 days late
← 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 18 days after the deadline. In the sector (NACE 42), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0479788526
Appointment: GODAERT Peter (director)
General meeting of 23-01-2024 · Gazette deed
First establishment
ONDERNEMING GODAERT BVBA, Hogeweg 204, Geraardsbergen
Incorporation
published on 25-03-2003 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ONDERNEMING GODAERT Geraardsbergen | €62,836 | -€20,418 | -23.3% | - |
| DARJAFRA Seraing | €70,704 | -€3,272 | 1.9% | - |
| BESTRATINGEN GEBR. LAMBERTS Brecht | €85,311 | -€576 | 44.7% | - |
| A.L.K. Beringen | €53,700 | -€13,724 | -122.0% | - |
| GROVAN Oudsbergen | €90,991 | -€1,427 | 70.9% | - |
| TEKENBURO JAN SWINNEN Retie | €92,545 | -€369 | 50.5% | - |
| Huijbregts Infra Arendonk | €66,227 | -€23,898 | 98.5% | - |
These companies have the same main activity as ONDERNEMING GODAERT: construction of roads and motorways (NACE 42110). They are comparable in size and age: total assets between €53,700 and €92,500, founded between 1996 and 2007.
Official details
Source: KBO- Status
- Active since 17-03-2003Normal situation
- Activity
- Construction of roads and motorwaysNACE 42110and 2 others
- Establishment unit
- 2.126.673.6299500 Geraardsbergen, since 07-05-2003
- Financial year end
- 31 December
- Peppol
- Reachable since 30-12-2025
Insights on ONDERNEMING GODAERT
ONDERNEMING GODAERT files the abbreviated format. That format states no turnover. The gross margin fell from €43,642 in 2006 to -€20,418 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ONDERNEMING GODAERT
- What is the company number of ONDERNEMING GODAERT?
- The company number of ONDERNEMING GODAERT is 0479.788.526. The VAT number is the same number with BE in front: BE 0479.788.526.
- Where is ONDERNEMING GODAERT based?
- The registered office is at Hogeweg 204, 9500 Geraardsbergen.Company details
- What does ONDERNEMING GODAERT do?
- According to the KBO register, the main activity is construction of roads and motorways (NACE 42110).
- What is the legal form of ONDERNEMING GODAERT?
- ONDERNEMING GODAERT is a private limited company (BV).
- When was ONDERNEMING GODAERT founded?
- ONDERNEMING GODAERT was founded on 17-03-2003.
- Is ONDERNEMING GODAERT still active?
- Yes, ONDERNEMING GODAERT is an active enterprise in the KBO register.
- What is the turnover of ONDERNEMING GODAERT?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.Financials
- Is ONDERNEMING GODAERT profitable?
- In financial year 2025, ONDERNEMING GODAERT made a loss of €28,948.
- Where can I find the annual accounts of ONDERNEMING GODAERT?
- ONDERNEMING GODAERT filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ONDERNEMING GODAERT due?
- ONDERNEMING GODAERT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.