Financials
Financial year 2025
GOVI PRODUCTION COMPANY from Gent, company number BE0449321519, closed financial year 2025 with a result of € 9.9 million after tax. For that financial year GOVI PRODUCTION COMPANY recorded revenue of € 79.8 million and equity of € 34.6 million. Compared with financial year 2024, the result moved from € 9.5 million to € 9.9 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 2, 2026.
€ 34.6 million
▲ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 9.9 million
▲ 4% vs 2024
Profit after tax over the fiscal year.
€ 4 million
Cash and bank balances on the last day of the fiscal year.
€ 6 million paid out
61 % of the profit went to the shareholders, mostly to Algimo NV (99 % of the shares). That is where the money ends up.
People and assets in 2025
67.5
▲ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 6.6 million
▲ 8% vs 2024
€ 98,500 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.
€ 186,035
▲ 26% 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.
€ 8.3 million
▲ 24% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 48 days on average.
€ 1.3 million
▲ 11% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 86,893,435 | € 70,479,056 | € 76,099,971 | € 79,847,285 | ▲ 5% |
| Profit after taxes | € 4,520,971 | € 6,201,512 | € 9,523,954 | € 9,869,275 | ▲ 4% |
| Equity | € 27,584,880 | € 27,256,392 | € 30,750,345 | € 34,589,620 | ▲ 12% |
| Total debts | € 15,946,325 | € 9,780,006 | € 8,058,480 | € 9,931,349 | ▲ 23% |
| Cash | € 4,320,700 | € 3,436,398 | € 3,987,413 | € 3,984,962 | |
| Land & buildings | € 1,224,216 | € 599,815 | € 594,654 | € 589,951 | ▼ 1% |
| Retained profit | € 26,671,228 | € 26,342,740 | € 29,836,694 | € 33,675,968 | ▲ 13% |
| Dividend | € 2,030,000 | € 6,530,000 | € 6,030,000 | € 6,030,000 | |
| Bank debt | € 1,370,416 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 43,859,608 | € 37,862,592 | € 39,288,563 | € 45,036,336 | ▲ 15% |
| Employees (FTE) | 62.4 | 64.5 | 66.2 | 67.5 | ▲ 1.3 |
Key figures of GOVI PRODUCTION COMPANY, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to GOVI PRODUCTION COMPANY?
What happened at GOVI PRODUCTION COMPANY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- IR J. Wittouck BV stepped down as director. NBB
- DéVe Consulting BV stepped down as director. NBB
- Francis Himpe stepped down as director. NBB
- Zendics BV stepped down as director. NBB
- Philippe Goethals BV stepped down as director. NBB
- Algimo NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 9.9 million (▲ 4% vs 2024). Source: NBB ↗
- DéVe Consulting BV became a director. NBB
In short
From € 4.5 million profit in 2022 to € 9.9 million profit in 2025.
Paid € 5.3 million in corporate taxes since 2022.
Best year ever: 2025, with € 9.9 million profit.
Paid out € 20.6 million in dividends to the owners in total.
Management
The shares are held by Algimo NV (98.9%), IR J. Wittouck BV (1%) and Alain Bostoen (0.2%). It owns 95% of Govi Chemicals Sdn. BhD, 60% of Govi Balkan, 51% of Govi Kimya, 25% of I-Coats NV and 0% of Govi Cast Sdn. BhD itself.
Directors
According to the 2025 annual accounts
since 2025 · until 2031
Director · represented by Stijn Vermeulen
Also active at: AEROBEL, Recticel US Investments
since 2025 · until 2031
Francis Himpe
Director
since 2025 · until 2031
Director · represented by Willem De Vos
Also active at: CAMPINE, IMDECO, Lano, LANO SPORTS, CAMPINE RECYCLING, L2D, PROTECTIVE PACKAGING SYSTEMS EUROPE
since 2025 · until 2031
Managing director · represented by Philippe Goethals
since 2025 · until 2031
Director · represented by Alain Bostoen
Also active at: CHRISTEYNS, Chemical Products, R. Borghgraef, CHP, KAPIAN, Hydro Global Solution, PERITUS BRANDS, Polysto Group, CREAPLAN Group +1 more
since 2025 · until 2031
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Landegemstraat 8
9031 Gent
Afrikalaan 182
9000 Gent
Active since 30 July 2019
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
govi.com
Registered
1997-05-16
Registrar
Combell NV
Expires
2026-05-17
Website info
Features
Security
Network
Details
- Company number
- 0449.321.519
- VAT number
- BE 0449.321.519
- Registered office
- Landegemstraat 8, 9031 Gent
- Names & denominations
- GOVI PRODUCTION COMPANY · GOVI
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 February 1993
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- govi.com [email protected] 09 282 94 95
- Activities · NACE
Vervaardiging van geraffineerde aardolieproducten en van producten uit fossiele brandstoffen
Vervaardiging van geraffineerde aardolieproducten
Groothandel in chemische producten
Vervaardiging van andere chemische producten, n.e.g.
Groothandel in vaste, vloeibare en gasvormige brandstoffen en aanverwante producten
Vervaardiging van andere chemische producten, neg
Groothandel in chemische producten voor industrieel gebruik