What does GOVAERE do?

GOVAERE is a wholesaler in Brugge. Private Limited, started on 5 July 2018, 1 establishment.

What is the address of GOVAERE?

The registered office of GOVAERE is located at Peraltastraat 41, 8000 Brugge.

Is GOVAERE still active?

Yes. According to the CBE (29 October 2026) GOVAERE is active, legal situation “Normale toestand”, started on 5 July 2018.

Is GOVAERE registered on Peppol?

Yes, GOVAERE is registered on the Peppol network with ID 0208:0699676341.

What is the enterprise number of GOVAERE?

The enterprise number of GOVAERE is BE0699676341.

When was GOVAERE founded?

GOVAERE was founded on 5 July 2018.

Who are the directors of GOVAERE?

According to the 2025 annual accounts, the directors of GOVAERE are: Induled bv.

Is GOVAERE a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 5 July 2018; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did GOVAERE make in 2025?

GOVAERE posted a profit after taxes of € 532,781 in financial year 2025.

What is the revenue of GOVAERE?

As a small company, GOVAERE is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 1,754,678.

How much does an employee at GOVAERE earn?

The average wage cost per full-time employee at GOVAERE was € 86,600 in 2025: staff costs of € 926,989 for 10.7 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does GOVAERE have?

According to the 2025 annual accounts, GOVAERE has 10.7 full-time equivalents (FTE).

Does GOVAERE have a website?

Yes, GOVAERE has a website at govaere.eu.

GOVAERE (Private Limited) - Brugge - BE0699676341

Dossier GOVAERE, printed on 29 October 2026 from databakkes.be/en/0699676341/govaere. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

GOVAERE from Brugge, company number BE0699676341, closed financial year 2025 with a result of € 532,781 after tax. For that financial year GOVAERE recorded a gross margin of € 1.8 million and equity of € 1.5 million. Compared with financial year 2024, the result moved from € 315,903 to € 532,781. 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 July 29, 2026.

What it is worth Growing

€ 1.5 million

▲ 9% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 532,781

▲ 69% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 440,088

▲ 8% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 404,040 paid out

76 % of the profit went to the shareholders, the rest stayed in the company.

People and assets in 2025

Full-time equivalents

10.7

▲ 1.7 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 926,989

▲ 6% vs 2024

€ 86,600 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.

Vehicles and equipment

€ 189,511

▲ 33% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 5 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 298,350

▲ 113% vs 2024

€ 56,412 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.

Owed to suppliers

€ 658,239

▼ 21% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 292,635

▲ 110% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 1,290,164 Gross margin 2022: € 1,290,164 First fiscal year in the series	€ 1,284,233 Gross margin 2023: € 1,284,233 Unchanged (€ 1,290,164) Unfavourable step	€ 1,392,342 Gross margin 2024: € 1,392,342 ▲ 8% vs 2023 (€ 1,284,233) Favourable step	€ 1,754,678 Gross margin 2025: € 1,754,678 ▲ 26% vs 2024 (€ 1,392,342) Favourable step	▲ 26%
Profit after taxes	€ 352,820 Profit after taxes 2022: € 352,820 First fiscal year in the series	€ 308,628 Profit after taxes 2023: € 308,628 ▼ 13% vs 2022 (€ 352,820) Unfavourable step	€ 315,903 Profit after taxes 2024: € 315,903 ▲ 2% vs 2023 (€ 308,628) Favourable step	€ 532,781 Profit after taxes 2025: € 532,781 ▲ 69% vs 2024 (€ 315,903) Favourable step	▲ 69%
Equity	€ 851,993 Equity 2022: € 851,993 First fiscal year in the series	€ 1,060,621 Equity 2023: € 1,060,621 ▲ 24% vs 2022 (€ 851,993) Favourable step	€ 1,376,524 Equity 2024: € 1,376,524 ▲ 30% vs 2023 (€ 1,060,621) Favourable step	€ 1,505,264 Equity 2025: € 1,505,264 ▲ 9% vs 2024 (€ 1,376,524) Favourable step	▲ 9%
Total debts	€ 1,482,997 Total debts 2022: € 1,482,997 First fiscal year in the series	€ 1,423,213 Total debts 2023: € 1,423,213 ▼ 4% vs 2022 (€ 1,482,997) Favourable step	€ 1,240,621 Total debts 2024: € 1,240,621 ▼ 13% vs 2023 (€ 1,423,213) Favourable step	€ 1,634,520 Total debts 2025: € 1,634,520 ▲ 32% vs 2024 (€ 1,240,621) Unfavourable step	▲ 32%
Cash	€ 451,413 Cash 2022: € 451,413 First fiscal year in the series	€ 236,946 Cash 2023: € 236,946 ▼ 48% vs 2022 (€ 451,413) Unfavourable step	€ 408,843 Cash 2024: € 408,843 ▲ 73% vs 2023 (€ 236,946) Favourable step	€ 440,088 Cash 2025: € 440,088 ▲ 8% vs 2024 (€ 408,843) Favourable step	▲ 8%
Retained profit	€ 833,393 Retained profit 2022: € 833,393 First fiscal year in the series	€ 1,042,021 Retained profit 2023: € 1,042,021 ▲ 25% vs 2022 (€ 833,393) Favourable step	€ 1,357,924 Retained profit 2024: € 1,357,924 ▲ 30% vs 2023 (€ 1,042,021) Favourable step	€ 1,486,664 Retained profit 2025: € 1,486,664 ▲ 9% vs 2024 (€ 1,357,924) Favourable step	▲ 9%
Dividend	€ 600,000 Dividend 2022: € 600,000 First fiscal year in the series	€ 100,000 Dividend 2023: € 100,000 ▼ 83% vs 2022 (€ 600,000) Unchanged	€ 0 Dividend 2024: € 0 ▼ 100% vs 2023 (€ 100,000) Unchanged	€ 404,040 Dividend 2025: € 404,040 Unchanged (€ 0) Unchanged
Bank debt	€ 73,414 Bank debt 2022: € 73,414 First fiscal year in the series	€ 178,353 Bank debt 2023: € 178,353 ▲ 143% vs 2022 (€ 73,414) Unfavourable step	€ 139,840 Bank debt 2024: € 139,840 ▼ 22% vs 2023 (€ 178,353) Favourable step	€ 298,350 Bank debt 2025: € 298,350 ▲ 113% vs 2024 (€ 139,840) Unfavourable step	▲ 113%
Balance sheet total	€ 2,334,990 Balance sheet total 2022: € 2,334,990 First fiscal year in the series	€ 2,483,834 Balance sheet total 2023: € 2,483,834 ▲ 6% vs 2022 (€ 2,334,990) Unchanged	€ 2,617,145 Balance sheet total 2024: € 2,617,145 ▲ 5% vs 2023 (€ 2,483,834) Unchanged	€ 3,139,784 Balance sheet total 2025: € 3,139,784 ▲ 20% vs 2024 (€ 2,617,145) Unchanged	▲ 20%
Employees (FTE)	9 Employees (FTE) 2022: 9 First fiscal year in the series	9 Employees (FTE) 2023: 9 Unchanged (9) Unchanged	9 Employees (FTE) 2024: 9 Unchanged (9) Unchanged	10.7 Employees (FTE) 2025: 10.7 ▲ 1.7 vs 2024 (9) Unchanged	▲ 1.7

Key figures of GOVAERE, 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 GOVAERE?

What happened at GOVAERE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jul 29, 2026 New annual accounts for financial year 2025: profit of € 532,781 (▲ 69% vs 2024). Source: NBB ↗
2022 Induled bv became a director. NBB
Jul 5, 2018 New establishment in Brugge. KBO
Jul 5, 2018 Start of the company according to the CBE. KBO

In short

From € 352,820 profit in 2022 to € 532,781 profit in 2025.

Paid € 527,131 in corporate taxes since 2022.

Best year ever: 2025, with € 532,781 profit.

On average € 164,000 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

GOVAERE

Behind GOVAERE is Induled bv. Induled bv is also behind iLUMENATE, P1 COATINGS and PEELTEX.

Directors

According to the 2025 annual accounts

Induled bv

Director · represented by Bart Govaere

Also active at: iLUMENATE, P1 COATINGS, PEELTEX

since 2022

Establishments

Establishment units

Physical locations of this company

Registered office

Peraltastraat 41

8000 Brugge

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Website

HTTPS govaere.eu

About

Technologies

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Hosting & Email

Email provider

Microsoft 365

Hosting

COMBELL-AS, BE

Domain

govaere.eu

Registrar

Combell NV

Website info

HTTPS Ja

Languages NL

Features

Ads Contact page

Security

✓ HTTPS

✓ SPF

✓ DMARC

Network

✓ IPv6

Details

Company number

0699.676.341

VAT number

BE 0699.676.341

Registered office

Peraltastraat 41, 8000 Brugge

Names & denominations

GOVAERE

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

5 July 2018

Peppol

Active · Active since 1 Jan 2001

Contact

govaere.eu

Activities · NACE

Groothandel in behang, verf en woningtextiel

Groothandel in delen en toebehoren van motorvoertuigen

Handelsbemiddeling en groothandel in onderdelen en accessoires van motorvoertuigen

View on CBE Public ↗ Annual accounts (NBB) ↗

GOVAERE

Financials

What happened to GOVAERE?

Management

Directors

Establishments

Establishment units

Website

Technologies

Hosting & Email

Domain

Website info

Features

Security

Network

Details

Frequently asked questions