GOVAERTS WAANRODE
ActiveSummary
GOVAERTS WAANRODE has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €849k and a net result of €262k. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 62% of 4157 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▼-5
Solvency72▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 2.06 against 2.1 in 2024; short-term debt: 41.3% and cash: 24% of total assets), but 53.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
46.8%
Return on assets
14.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
13 d early
2023
26 d early
2022
26 d early
2021
30 d early
2020
3 d early
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€262k▼ 23.3%
2024 · €342k
2018: €69k
2019: €47k
2020: €106k
2021: €147k
2022: €134k
2023: €245k
2024: €342k
2018 → 2025
Working capital
€798k▼ 9.3%
2024 · €880k
2018: €250k
2019: €289k
2020: €410k
2021: €388k
2022: €361k
2023: €403k
2024: €880k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€621k-€556k▼ 10.5%€570k▲ 2.6%€837k▲ 46.8%€849k▲ 1.5%
Operating result€176k-€176k=€306k▲ 74.1%€448k▲ 46.3%€363k▼ 18.9%
Net result€147k-€134k▼ 8.3%€245k▲ 81.9%€342k▲ 39.7%€262k▼ 23.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 19% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.81M
Fixed assets
€266k ▲ 47.9%
Current assets
€1.55M ▼ 7.7%
Equity and liabilities €1.81M
Equity
€849k ▲ 1.5%
Debt
€964k ▼ 5.5%
Debt's share of the balance-sheet total falls from 54.9% to 53.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€419k▼
2024 · €498k
Cash flow
€318k▼
2024 · €393k
Current ratio
2.06▼
2024 · 2.10
Quick ratio
0.99▼
2024 · 1.31
Debt to equity
1.13▼
2024 · 1.22
ROE
30.9%▼
2024 · 40.8%
ROA
14.5%▼
2024 · 18.4%
Interest coverage
24.65▼
2024 · 34.28
Debt ≤ 1 year
€749k▼
2024 · €797k
Debt > 1 year
€209k▼
2024 · €220k
Income taxes
€86k▼
2024 · €92k
Staff costs
€715k▲
2024 · €657k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 60 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.86M€1.81M▼
Fixed assets21/28€180k€266k▲
Tangible fixed assets22/27€180k€266k▲
Land and buildings22€127k€212k▲
Plant, machinery and equipment23€50k€34k▼
Furniture and vehicles24€3k€20k▲
Current assets29/58€1.68M€1.55M▼
Amounts receivable after more than one year29-€44k
Other amounts receivable291-€44k
Stocks and contracts in progress3€632k€808k▲
Stocks30/36€632k€808k▲
Amounts receivable within one year40/41€334k€244k▼
Trade receivables40€308k€217k▼
Other amounts receivable41€26k€27k▲
Cash at bank and in hand54/58€692k€436k▼
Deferred charges and accrued income490/1€19k€15k▼
Equity and liabilities
Total equity and liabilities10/49€1.86M€1.81M▼
Equity10/15€837k€849k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€776k€788k▲
Non-distributable reserves130/1€47k€47k=
Legal reserve130€47k€47k=
Tax-exempt reserves132€3k€3k=
Distributable reserves133€726k€738k▲
Amounts payable17/49€1.02M€964k▼
Amounts payable after more than one year17€220k€209k▼
Financial debts170/4€220k€209k▼
Amounts payable within one year42/48€797k€749k▼
Current portion of amounts payable after more than one year42€75k€95k▲
Financial debts43€47k€44k▼
Credit institutions430/8€47k€44k▼
Trade debts44€372k€455k▲
Suppliers440/4€372k€455k▲
Taxes, remuneration and social security45€112k€143k▲
Taxes450/3€54k€48k▼
Remuneration and social security454/9€58k€95k▲
Other amounts payable47/48€191k€12k▼
Accrued charges and deferred income492/3€3k€6k▲
Income statement
Code20242025
Remuneration, social security and pensions62€657k€715k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€56k▲
Other operating charges640/8€21k€23k▲
Gross operating margin9900€1.18M€1.16M▼
Operating profit (loss)9901€448k€363k▼
Financial income75/76B€813€2k▲
Recurring financial income75€813€2k▲
Financial charges65/66B€15k€17k▲
Recurring financial charges65€15k€17k▲
Profit (loss) for the period before taxes9903€434k€348k▼
Income taxes67/77€92k€86k▼
Profit (loss) for the period9904€342k€262k▼
Profit (loss) for the period to be appropriated9905€342k€262k▼
Appropriation of the result
Profit (loss) to be appropriated9906€342k€262k▼
Transfer to equity691/2€267k€12k▼
To other reserves6921€267k€12k▼
Profit to be distributed694/7€75k€250k▲
Return on contributions (dividend)694-€250k
Directors or managers695€75k-
Social balance
Average headcount (FTE)908712.713.2▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €342k ▲39.7%
Operating result €448k, net result €342k, both a record.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €47k ▼32.6%
Net result drops to €47k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €500kEq €537k ▲9.5%
2 profitable years in a row build equity to €537k.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Kortenaken · 1 establishment unit since 1989
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Blijstraat 63473 KortenakenGround area
1,685 m²
Building footprint
1,487 m²
Volume, LiDAR
7,583 m³
Parcel 24115B0002/00A002, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Blijstraat 6, 3473 Kortenaken
since 19892.042.120.808
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24115B0002/00A002 | Flanders | 1,685 m² | 1 · 1,487 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 18,411 EUR awarded · 17,883 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 1,732 EUR | 1,366 EUR |
| 2023 | 1 | 14,036 EUR | 14,036 EUR |
| 2022 | 2 | 2,643 EUR | 2,481 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Premie kwalificerend werkplekleren
Recognitions · licences · registrations
Dual-learning approval
2 live approvalsOnderhoudsmecanicien personenwagens en lichte bedrijfsvoertuigen (vwo)
Onderhoudsmechanica auto duaal (so)
Similar companies · same sector, comparable size
M. Gent
BE 0434.300.177
Gent · Eq €849,390
VANOVERBEKE
BE 0842.471.526
Koksijde · Eq €849,340
DYNAMIC CARS
BE 0534.684.685
Essen · Eq €849,202
DEWILDE MOTOR & C°
BE 0415.619.066
Anderlecht · Eq €850,082
TRUCK EN AUTO CENTER
BE 0449.451.082
Grobbendonk · Eq €850,093
Of 10,671 companies in sector 47811 we hold annual accounts for 5,222. 3,086 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded02-02-1989
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
47300Retail sale of automotive fuel
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.