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 29 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GOVAR INVEST from Ardooie, company number BE0848397929, closed financial year 2025 with a result of € 13,770 after tax. For that financial year GOVAR INVEST recorded a gross margin of € 93,527 and equity of € 1.4 million. Compared with financial year 2024, the result moved from € 356,019 to € 13,770. The company is profitable. 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 16, 2026.
€ 1.4 million
▼ 45% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 13,770
▼ 96% vs 2024
Profit after tax over the fiscal year.
€ 1,571
▼ 74% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.2 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,348
▼ 81% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,435
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 500,107 | € 421,238 | € 572,915 | € 93,527 | ▼ 84% |
| Profit after taxes | € 359,189 | € 306,386 | € 356,019 | € 13,770 | ▼ 96% |
| Equity | € 2,020,922 | € 2,227,308 | € 2,583,327 | € 1,409,097 | ▼ 45% |
| Total debts | € 611,624 | € 581,679 | € 453,649 | € 443,298 | ▼ 2% |
| Cash | € 34,931 | € 54,821 | € 6,125 | € 1,571 | ▼ 74% |
| Land & buildings | € 1,304,025 | € 1,252,146 | € 1,770,197 | € 1,718,234 | ▼ 3% |
| Retained profit | € 1,570,922 | € 1,777,308 | € 2,133,327 | € 959,097 | ▼ 55% |
| Dividend | € 100,000 | € 100,000 | € 0 | € 1,188,000 | |
| Balance sheet total | € 2,632,546 | € 2,808,987 | € 3,036,975 | € 1,852,394 | ▼ 39% |
Key figures of GOVAR INVEST, 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 INVEST?
What happened at GOVAR INVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 13,770 (▼ 96% vs 2024). Source: NBB ↗
- Evelyne Govaere stepped down as director. NBB
- Christophe Govaere stepped down as director. NBB
- Guido Govaere stepped down as director. NBB
- GOVAR GROUP became a director. NBB
- Evelyne Govaere became a director. NBB
- New establishment in Ardooie. KBO
- Start of the company according to the CBE. KBO
In short
From € 359,189 profit in 2022 to € 13,770 profit in 2025.
Paid € 283,916 in corporate taxes since 2022.
Best year ever: 2022, with € 359,189 profit.
Paid out € 1.4 million in dividends to the owners in total.
Management
The stake of GOVAR GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GOVAR INVESTBehind GOVAR INVEST are Ann Depoorter and GOVAR GROUP. The shares are held by GOVAR GROUP (100%).
Directors
According to the 2025 annual accounts
since 2012
Director · represented by Evelyne Govaere
Also active at: GOVAR - INDUSTRIEBOUW, GOVAR RENTING
since 2025
since 2017 · until 2025
since 2012 · until 2025
since 2012 · until 2025
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Izegemsestraat 33
8850 Ardooie
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0848.397.929
- VAT number
- BE 0848.397.929
- Registered office
- Izegemsestraat 33, 8850 Ardooie
- Names & denominations
- GOVAR INVEST
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 August 2012
- Peppol
- Active · Active since 9 Jun 2026
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen