Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 47.6 to 41.3.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
GOVAR - INDUSTRIEBOUW from Ardooie, company number BE0405567391, closed financial year 2025 with a result of € 1.3 million after tax. For that financial year GOVAR - INDUSTRIEBOUW recorded revenue of € 43.8 million and equity of € 6.3 million. Compared with financial year 2024, the result moved from € 765,711 to € 1.3 million. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on March 20, 2026.
€ 6.3 million
▼ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.3 million
▲ 75% vs 2024
Profit after tax over the fiscal year.
€ 2 million
▲ 53% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 2.2 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
41.3
▼ 5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.9 million
▼ 7% vs 2024
€ 71,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 308,080
▼ 48% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 3 million
▼ 23% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 27 days on average.
€ 348,279
▼ 23% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 41,762,049 | € 40,772,669 | € 32,152,255 | € 43,831,842 | ▲ 36% |
| Profit after taxes | € 1,267,632 | € 1,024,325 | € 765,711 | € 1,342,197 | ▲ 75% |
| Equity | € 6,900,887 | € 7,075,213 | € 7,115,923 | € 6,268,223 | ▼ 12% |
| Total debts | € 5,869,643 | € 4,898,726 | € 5,719,521 | € 4,741,611 | ▼ 17% |
| Cash | € 1,960,979 | € 1,999,529 | € 1,286,154 | € 1,966,063 | ▲ 53% |
| Retained profit | € 6,876,098 | € 7,050,423 | € 7,091,134 | € 6,243,434 | ▼ 12% |
| Dividend | € 700,000 | € 850,000 | € 725,000 | € 2,189,897 | ▲ 202% |
| Bank debt | € 358,670 | € 180,112 | € 0 | € 0 | |
| Balance sheet total | € 12,792,531 | € 11,975,939 | € 12,837,444 | € 11,009,834 | ▼ 14% |
| Employees (FTE) | 45.5 | 47.6 | 46.3 | 41.3 | ▼ 5 |
Key figures of GOVAR - INDUSTRIEBOUW, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to GOVAR - INDUSTRIEBOUW?
What happened at GOVAR - INDUSTRIEBOUW in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.3 million (▲ 75% vs 2024). Source: NBB ↗
- C.G.B. Comm Ven. stepped down as director. NBB
- Ann Depoorter stepped down as director. NBB
- GOVAR INVEST BV stepped down as director. NBB
- EDU COMPANY Comm Ven. stepped down as director. NBB
- GOVAR GROUP BV became a director. NBB
- Guido Govaere became a director. NBB
- EDU COMPANY Comm Ven. became a director. NBB
In short
From € 1.3 million profit in 2022 to € 1.3 million profit in 2025.
Paid € 974,049 in corporate taxes since 2022.
Best year ever: 2025, with € 1.3 million profit.
Paid out € 4.5 million in dividends to the owners in total.
Management
Behind GOVAR - INDUSTRIEBOUW are GOVAR GROUP BV and Guido Govaere. The shares are held by GOVAR GROUP BV (99.8%).
Directors
According to the 2025 annual accounts
Director · represented by Christophe Govaere
Also active at: GOVAR RENTING, GOVAR INVEST
since 2025
since 2025
Director · represented by Christophe Govaere
Also active at: GOVAR RENTING, GOVAR GROUP
since 2013 · until 2025
since 2019 · until 2025
Director · represented by Guido Govaere
since 2013 · until 2025
Director · represented by Evelyne Govaere
Also active at: GOVAR RENTING, GOVAR GROUP
since 2020 · until 2025
Shareholders
99.8%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Izegemsestraat 35
8850 Ardooie
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0405.567.391
- VAT number
- BE 0405.567.391
- Registered office
- Izegemsestraat 35, 8850 Ardooie
- Names & denominations
- GOVAR - INDUSTRIEBOUW
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 February 1961
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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