Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Late annual account NBB
Fiscal year 2025 was filed 181 days after the legal deadline.
Financials
Financial year 2025
GOVERNANCE BAY from Lebbeke, company number BE0865685210, closed financial year 2025 with a result of € 66,793 after tax. For that financial year GOVERNANCE BAY recorded a gross margin of € 145,701 and equity of € 286,930. Compared with financial year 2024, the result moved from € -3,071 to € 66,793. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 30, 2026.
€ 286,930
▲ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 66,793
▲ still € 3,071 loss in 2024
Profit after tax over the fiscal year.
€ 115,909
▼ 54% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 35,000 paid out
52 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 10,021
▲ 4% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 364,868
▲ 17% vs 2024
€ 39,642 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 97,751
▲ 174% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 85,459
▼ 29% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 385,215 | € 53,711 | € 145,701 | ▲ 171% |
| Profit after taxes | € 239,135 | € -3,071 | € 66,793 | ▲ € 69,864 |
| Equity | € 333,207 | € 255,137 | € 286,930 | ▲ 12% |
| Total debts | € 455,763 | € 546,092 | € 586,627 | ▲ 7% |
| Cash | € 129,676 | € 252,450 | € 115,909 | ▼ 54% |
| Land & buildings | € 428,181 | € 413,127 | € 505,420 | ▲ 22% |
| Retained profit | € 314,657 | € 236,587 | € 268,380 | ▲ 13% |
| Dividend | € 60,000 | € 75,000 | € 35,000 | ▼ 53% |
| Bank debt | € 226,965 | € 312,674 | € 364,868 | ▲ 17% |
| Balance sheet total | € 818,384 | € 828,743 | € 899,171 | ▲ 8% |
Key figures of GOVERNANCE BAY, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 October 2026.
What happened to GOVERNANCE BAY?
What happened at GOVERNANCE BAY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 66,793. filed late Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Lebbeke. KBO
- Herman De Smet became a director. NBB
In short
From € 239,135 profit in 2023 to € 66,793 profit in 2025.
Paid € 118,479 in corporate taxes since 2023.
Best year ever: 2023, with € 239,135 profit.
Paid out € 170,000 in dividends to the owners in total.
A new publication or filing at GOVERNANCE BAY? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind GOVERNANCE BAY is Herman De Smet.
Directors
According to the 2025 annual accounts
Herman De Smet
Director
since 2004
Establishments
Establishment units
Physical locations of this company
Lange Breestraat 44 A
9280 Lebbeke
Lange Breestraat 44 box A
9280 Lebbeke
Active since 2 June 2004
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0865.685.210
- VAT number
- BE 0865.685.210
- Registered office
- Lange Breestraat 44 A, 9280 Lebbeke
- Names & denominations
- GOVERNANCE BAY
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 June 2004
- Peppol
- Active · Active since 22 May 2026
- Activities · NACE
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