Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 30 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GOVEMA from Malmedy, company number BE0831926735, closed financial year 2025 with a result of € 134,719 after tax. For that financial year GOVEMA recorded a gross margin of € 217,680 and equity of € 2.2 million. Compared with financial year 2024, the result moved from € 151,310 to € 134,719. The company is profitable. 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 7, 2026.
€ 2.2 million
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 134,719
▼ 11% vs 2024
Profit after tax over the fiscal year.
€ 130
▼ € 42,791 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 2.1 million.
Debts at end 2025
€ 1.3 million
▲ 8% vs 2024
€ 210,294 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 60,925
▲ € 60,914 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,933
▲ 19% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 480,659 | € 194,827 | € 233,461 | € 217,680 | ▼ 7% |
| Profit after taxes | € 282,310 | € 118,784 | € 151,310 | € 134,719 | ▼ 11% |
| Equity | € 1,791,525 | € 1,910,309 | € 2,061,618 | € 2,196,338 | ▲ 7% |
| Total debts | € 2,291,960 | € 2,053,826 | € 1,946,147 | € 2,138,594 | ▲ 10% |
| Cash | € 223,285 | € 99,246 | € 42,920 | € 130 | ▼ € 42,791 |
| Land & buildings | € 430,109 | € 423,871 | € 417,633 | € 411,395 | ▼ 1% |
| Retained profit | € 1,681,525 | € 1,800,309 | € 1,951,618 | € 2,086,338 | ▲ 7% |
| Bank debt | € 1,646,882 | € 1,373,482 | € 1,193,678 | € 1,294,834 | ▲ 8% |
| Balance sheet total | € 4,083,485 | € 3,964,134 | € 4,007,765 | € 4,334,932 | ▲ 8% |
Key figures of GOVEMA, 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 GOVEMA?
What happened at GOVEMA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 134,719 (▼ 11% vs 2024). Source: NBB ↗
- New establishment in Malmedy. KBO
- Michel BODARWE became a director. NBB
- Jean-Marie BODARWE became a director. NBB
- New establishment in Malmedy. KBO
- Start of the company according to the CBE. KBO
In short
From € 282,310 profit in 2022 to € 134,719 profit in 2025.
Paid € 229,495 in corporate taxes since 2022.
Best year ever: 2022, with € 282,310 profit.
Management
The stake of FIBO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GOVEMABehind GOVEMA are Michel BODARWE and Jean-Marie BODARWE. The shares are held by FIBO (100%). It owns 100% of SOGIMAL SRL itself.
Directors
According to the 2025 annual accounts
Michel BODARWE
Director
Also active at: Boreta, A. DETHIER, BODARWE CARRIERES, BODARWE, PROBEMAL, SOGIMAL, PIERRE DE WAIMES, CARRIERES SCHAUSS +8 more
since 2020
Jean-Marie BODARWE
Director
Also active at: Boreta, BODARWE CARRIERES, REWA-BETON, PROBEMAL, PIERRE DE WAIMES, FIBO, BODARWE IMMO, TRANSPORTS BODARWE MALMEDY
since 2020
Shareholders
100%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Arimont-Chemin du Val 30
4960 Malmedy
Arimont-Rue des Bruyères 19
4960 Malmedy
Active since 1 April 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0831.926.735
- VAT number
- BE 0831.926.735
- Registered office
- Arimont-Chemin du Val 30, 4960 Malmedy
- Names & denominations
- GOVEMA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 December 2010
- Peppol
- Active · Active since 17 Dec 2025
- Activities · NACE
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