Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Busy address KBO
36 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
GOVERNMENT EXCHANGE from Brussel, company number BE0878500987, closed financial year 2025 with a result of € 32,844 after tax. For that financial year GOVERNMENT EXCHANGE recorded a gross margin of € 363,483 and equity of € 247,842. Compared with financial year 2024, the result moved from € 10,613 to € 32,844. 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 August 7, 2026.
€ 247,842
▲ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 32,844
▲ 209% vs 2024
Profit after tax over the fiscal year.
€ 127,034
▼ 61% 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 € 227,437.
People and assets in 2025
€ 303,399
▲ 11% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 879
▲ 76% 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.
€ 58,168
▼ 38% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 38,575
▼ 20% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 438,771 | € 433,650 | € 336,349 | € 363,483 | ▲ 8% |
| Profit after taxes | € 91,519 | € 50,505 | € 10,613 | € 32,844 | ▲ 209% |
| Equity | € 153,880 | € 204,385 | € 214,998 | € 247,842 | ▲ 15% |
| Total debts | € 691,615 | € 662,029 | € 594,886 | € 470,945 | ▼ 21% |
| Cash | € 466,123 | € 383,592 | € 323,773 | € 127,034 | ▼ 61% |
| Retained profit | € 133,475 | € 183,980 | € 194,593 | € 227,437 | ▲ 17% |
| Dividend | € 90,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 19,223 | € 11,434 | € 3,836 | € 0 | ▼ 100% |
| Balance sheet total | € 845,494 | € 866,413 | € 809,884 | € 718,787 | ▼ 11% |
| Employees (FTE) | 5.8 | 5.8 | - | - |
Key figures of GOVERNMENT EXCHANGE, 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 GOVERNMENT EXCHANGE?
What happened at GOVERNMENT EXCHANGE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 32,844 (▲ 209% vs 2024). filed late Source: NBB ↗
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 91,519 profit in 2022 to € 32,844 profit in 2025.
Paid € 76,028 in corporate taxes since 2022.
Best year ever: 2022, with € 91,519 profit.
On average € 74,800 of value added per employee in 2023.
A new publication or filing at GOVERNMENT EXCHANGE? 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
The stake of BOBEX.COM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GOVERNMENT EXCHANGEBehind GOVERNMENT EXCHANGE is BOBEX SA. The shares are held by BOBEX.COM (100%).
Directors
According to the 2025 annual accounts
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Esplanade 1 box 71
1020 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 36 companies are registered at this address.
All companies at this address →B.E.C. - Raadgevend Ingenieursbureau
€ 346,806 gross margin · 2025
International Felt Company
€ 481,124 gross margin · 2025
Moore Belgium
€ 46.7 million revenue · 2025
Royal Belgian Hockey Association
€ 6.8 million revenue · 2025
United Brands Association
€ 897,579 gross margin · 2025
+31 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0878.500.987
- VAT number
- BE 0878.500.987
- Registered office
- Esplanade 1 bus 71, 1020 Brussel
- Names & denominations
- GOVERNMENT EXCHANGE · GOVEX
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 January 2006
- Peppol
- Active · Active since 1 Jan 2026
- Activities · NACE
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