GOVPROP
ActiveSummary
GOVPROP has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.00M and a net result of €335k. Equity remains stable across the filed fiscal years (±0.7% per year). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability35▼-39
Solvency31▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity short (current ratio 0.19 against 0.19 in 2024; short-term debt: 8.7% and cash: 1.1% of total assets), and 94% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
6%
Return on assets
1%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
57 d late
2023
30 d late
2022
29 d late
2021
16 d late
2020
25 d late
2019
60 d late
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€730k
EBIT margin
23.8%
Net result
€335k▼ 76.7%
2024 · €1.44M
2018: €-146k
2019: €34k
2020: €-11k
2021: €-9k
2022: €-8k
2023: €-8k
2024: €1.44M
2018 → 2025
Working capital
€-2.38M▲ 6.4%
2024 · €-2.54M
2018: €1.23M
2020: €43k
2021: €34k
2022: €25k
2024: €-2.54M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-3.24M-€-3.25M▼ 0.3%€-3.25M▼ 0.3%€1.66M€2.00M▲ 20.1%
Operating result€-9k-€-8k▲ 7.3%€-8k▲ 0.4%€1.53M€1.91M▲ 24.4%
Net result€-9k-€-8k▲ 8.5%€-8k▲ 1.7%€1.44M€335k▼ 76.7%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 24% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €33.53M
Fixed assets
€32.99M ▲ 0.1%
Current assets
€542k ▼ 11.0%
Equity and liabilities €33.53M
Equity
€2.00M ▲ 20.1%
Debt
€31.54M ▼ 1.2%
Debt's share of the balance-sheet total falls from 95.0% to 94.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2.91M▲
2024 · €1.57M
Cash flow
€1.34M▼
2024 · €1.47M
Current ratio
0.19▼
2024 · 0.19
Debt to equity
15.79▼
2024 · 19.20
ROE
16.8%▼
2024 · 86.4%
ROA
1.0%▼
2024 · 4.3%
Interest coverage
1.85▼
2024 · 26.81
Debt ≤ 1 year
€2.92M▼
2024 · €3.15M
Debt > 1 year
€28.24M▼
2024 · €28.71M
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 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€33.57M€33.53M▼
Fixed assets21/28€32.97M€32.99M▲
Tangible fixed assets22/27€32.97M€32.99M▲
Land and buildings22€32.97M€32.59M▼
Furniture and vehicles24-€404k
Current assets29/58€609k€542k▼
Amounts receivable within one year40/41-€189k
Trade receivables40-€189k
Cash at bank and in hand54/58€609k€353k▼
Equity and liabilities
Total equity and liabilities10/49€33.57M€33.53M▼
Equity10/15€1.66M€2.00M▲
Contributions10/11€3.50M€3.50M=
Profit (loss) carried forward14€-1.84M€-1.50M▲
Amounts payable17/49€31.91M€31.54M▼
Amounts payable after more than one year17€28.71M€28.24M▼
Financial debts170/4€28.71M€28.24M▼
Amounts payable within one year42/48€3.15M€2.92M▼
Current portion of amounts payable after more than one year42€1.33M€1.78M▲
Trade debts44€279k€966k▲
Suppliers440/4€279k€966k▲
Advances received on contracts in progress46€1.12M€133k▼
Taxes, remuneration and social security45€39k€39k=
Taxes450/3€39k€39k=
Other amounts payable47/48€378k-
Accrued charges and deferred income492/3€58k€382k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€1.00M▲
Other operating charges640/8€5k€476k▲
Gross operating margin9900€1.57M€3.39M▲
Operating profit (loss)9901€1.53M€1.91M▲
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€58k€1.57M▲
Recurring financial charges65€58k€1.57M▲
Profit (loss) for the period before taxes9903€1.47M€335k▼
Income taxes67/77€39k-
Profit (loss) for the period9904€1.44M€335k▼
Profit (loss) for the period to be appropriated9905€1.44M€335k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.84M€-1.50M▲
Profit (loss) brought forward from the previous period14P€-3.27M€-1.84M▲
The notes to these accounts (14 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 57 days late
2024
31-12
Financial
Back to profitnet €1.44M
Net result €1.44M after 4 loss-making years.
31-12
Financial
Equity above €1MEq €1.66M
Equity rises from €-3.25M to €1.66M.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 16 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 25 days late
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 60 days late
2019
31-12
Financial
Back to profitnet €34k
Net result €34k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Machelen (Brab.) · 1 establishment unit since 2004
Ground area
4.2 ha
Building footprint
7,302 m²
Volume, LiDAR
398,497 m³
2 parcels, Brussels, Flanders · tallest building 112.9 m, ±22 floors. Linked by address, not a title deed.
44
companies at this address
See who is registered here
1 establishment unit
-
since 20042.145.374.734
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23015B0090/00L000 | Flanders | 3.4 ha | 1 · 338 m² | 6.1 m · 1 fl. |
| 21014A0008/00Z010 | Brussels | 7,591 m² | 1 · 6,964 m² | 112.8 m · 22 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
9845006E1XC376HDBB26
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-11-2004
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.