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 2 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GOVAR GROUP from Ardooie, company number BE1017876923, closed financial year 2025 with a result of € 3.1 million after tax. For that financial year GOVAR GROUP recorded a gross margin of € 882,533 and equity of € 8.5 million. 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 April 24, 2026.
€ 8.5 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.1 million
Profit after tax over the fiscal year.
€ 192,672
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 3.1 million.
People and assets in 2025
2.5
Average over the fiscal year, from the social balance sheet.
€ 373,053
€ 149,200 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 23,329
Supplier invoices still open on the last day of the fiscal year.
€ 69,601
Taxes, VAT and social contributions still to pay.
What happened to GOVAR GROUP?
What happened at GOVAR GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 3.1 million. Source: NBB ↗
- Evelyne Govaere stepped down as director. NBB
- Christophe Govaere stepped down as director. NBB
- C.G.B. became a director. NBB
- EDU COMPANY became a director. NBB
- New establishment in Ardooie. KBO
- Evelyne Govaere became a director. NBB
- Christophe Govaere became a director. NBB
In short
Paid € 126,422 in corporate taxes since 2025.
On average € 353,000 of value added per employee in 2025.
Management
Behind GOVAR GROUP are C.G.B. and EDU COMPANY. It owns 100% of Govar Invest, 99.8% of Govar Industriebouw and 99.7% of Govar Renting itself.
Directors
According to the 2025 annual accounts
Director · represented by Christophe Govaere
Also active at: GOVAR - INDUSTRIEBOUW, GOVAR RENTING
since 2025
Director · represented by Evelyne Govaere
Also active at: GOVAR - INDUSTRIEBOUW, GOVAR RENTING
since 2025
since 2024 · until 2025
since 2024 · until 2025
Establishments
Establishment units
Physical locations of this company
Izegemsestraat 35
8850 Ardooie
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 1017.876.923
- VAT number
- BE 1017.876.923
- Registered office
- Izegemsestraat 35, 8850 Ardooie
- Names & denominations
- GOVAR GROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 December 2024
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Activiteiten van hoofdkantoren
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
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