GOVRN
Open bankruptcyA bankruptcy procedure is open for GOVRN according to publications in the Belgian State Gazette; curator: SOPHIE HUART.
Summary
The 2024 annual accounts show equity of €1.09M and a net result of €-333k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
222324
2022 to 2024 · latest year €-333k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
on the day
2022
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€1.09M▼ 2.9%
2023 · €1.12M
2022: €710k
2023: €1.12M
2022 → 2024
Total assets
€1.62M▲ 10.8%
2023 · €1.46M
2022: €879k
2023: €1.46M
2022 → 2024
Net result
€-333k▼ 25.1%
2023 · €-266k
2022: €-391k
2023: €-266k
2022 → 2024
Working capital
€451k▼ 15.2%
2023 · €531k
2022: €181k
2023: €531k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€710k-€1.12M▲ 58.1%€1.09M▼ 2.9%
Operating result€-391k-€-261k▲ 33.3%€-354k▼ 35.9%
Net result€-391k-€-266k▲ 32.0%€-333k▼ 25.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €354k in 2024 against €261k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.61M
Fixed assets
€957k ▲ 30.0%
Current assets
€655k ▼ 9.0%
Equity and liabilities €1.62M
Equity
€1.09M ▼ 2.9%
Debt
€526k ▲ 56.7%
Debt's share of the balance-sheet total rises from 23.0% to 32.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-244k▼
2023 · €-186k
Cash flow
€-222k▼
2023 · €-192k
Current ratio
3.21▼
2023 · 3.83
Debt to equity
0.48▲
2023 · 0.30
ROE
-30.5%▼
2023 · -23.7%
ROA
-20.6%▼
2023 · -18.2%
Interest coverage
-13.33▲
2023 · -14.86
Debt ≤ 1 year
€204k▲
2023 · €188k
Debt > 1 year
€266k▲
2023 · €95k
Staff costs
€194▼
2023 · €11k
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 · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.46M€1.62M▲
Formation expenses20€3k€5k▲
Fixed assets21/28€736k€957k▲
Intangible fixed assets21€732k€954k▲
Tangible fixed assets22/27€3k€2k▼
Furniture and vehicles24€3k€2k▼
Financial fixed assets28€229€229=
Current assets29/58€719k€655k▼
Amounts receivable within one year40/41€387k€483k▲
Trade receivables40€16k€14k▼
Other amounts receivable41€371k€469k▲
Cash at bank and in hand54/58€331k€150k▼
Deferred charges and accrued income490/1€2k€22k▲
Equity and liabilities
Total equity and liabilities10/49€1.46M€1.62M▲
Equity10/15€1.12M€1.09M▼
Contributions10/11€1.30M€1.64M▲
Capital10€635k€975k▲
Issued capital100€635k€975k▲
Outside capital11€666k€666k=
Share premium1100/10€666k€666k=
Profit (loss) carried forward14€-657k€-990k▼
Investment grants15€479k€439k▼
Amounts payable17/49€336k€526k▲
Amounts payable after more than one year17€95k€266k▲
Financial debts170/4€95k€266k▲
Amounts payable within one year42/48€188k€204k▲
Current portion of amounts payable after more than one year42€31k€32k▲
Financial debts43€250€4k▲
Credit institutions430/8€250€4k▲
Trade debts44€119k€45k▼
Suppliers440/4€119k€45k▼
Taxes, remuneration and social security45€0€14▲
Remuneration and social security454/9€0€14▲
Other amounts payable47/48€37k€123k▲
Accrued charges and deferred income492/3€52k€56k▲
Income statement
Code20232024
Remuneration, social security and pensions62€11k€194▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€74k€111k▲
Other operating charges640/8€2k€968▼
Gross operating margin9900€-173k€-243k▼
Operating profit (loss)9901€-261k€-354k▼
Financial income75/76B€7k€40k▲
Recurring financial income75€7k€40k▲
Financial charges65/66B€13k€18k▲
Recurring financial charges65€13k€18k▲
Profit (loss) for the period before taxes9903€-266k€-333k▼
Profit (loss) for the period9904€-266k€-333k▼
Profit (loss) for the period to be appropriated9905€-266k€-333k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-657k€-990k▼
Profit (loss) brought forward from the previous period14P€-391k€-657k▼
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
2026
14-04
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SA GOVRN RUE DE L’HOPITAL 31, 1000 BRUXELLES · event 09-03-2026
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €1MEq €1.12M ▲58.1%
Equity rises from €710k to €1.12M.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Brussel · 2 establishment units since 2021
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.
Gasthuisstraat 311000 BrusselGround area
10.6 ha
Building footprint
2,278 m²
Volume, LiDAR
77,700 m³
3 parcels, Brussels, Wallonia · tallest building 52.5 m, ±16 floors. Linked by address, not a title deed.
2 establishment units
Roger Vandendriesschelaan 18, 1150 Sint-Pieters-Woluwe
since 20212.311.979.756
Avenue Reine Astrid 92, 1310 La Hulpe
since 20212.329.570.311
3 parcels
Wallonia
1
(33.3%)
Brussels
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25050C0039/00K000 | Wallonia | 10.1 ha | 1 · 113 m² | 14.1 m · 3 fl. |
| 21004A1360/00E000 | Brussels | 2,954 m² | 1 · 1,461 m² | 52.5 m · 16 fl. |
| 21019A0188/00Z006 | Brussels | 1,204 m² | 1 · 704 m² | 22.1 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | SOPHIE HUART CHAUSSEE DE WATERLOO 880,
1000 BRUXELLES |
09-03-2026 → present |
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Of 1,284 companies in sector 58290 we hold annual accounts for 593. 305 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
Founded14-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
58290Other software publishing
62900Other information technology and computer services
62100Computer programming
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.