ACTIVE

GOVI PRODUCTION COMPANY

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Financial year 2025 · closed on 31/12/2025
Net result
9,9 M €
+3.6% YoY
Revenue
79,8 M €
+4.9% YoY
Equity
34,6 M €
+12.5% YoY
Workforce
67,5 ETP
+2.0% YoY

What does GOVI PRODUCTION COMPANY do?

GOVI PRODUCTION COMPANY is a Public limited company incorporated in 1993. Its main activity is: Manufacture of refined petroleum products. Its registered office is in Gent. It employs on average 67,5 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0449.321.519
Incorporation
01/02/1993
Legal form
Public limited company
Registered office
Landegemstraat 8
9031 Gent · FlandreSee on map
Contributed capital
913 651,77 €
Latest accounts
31/12/2025
Average workforce
67,5 ETP
Activities (NACE)
19200Manufacture of refined petroleum products· main19200Manufacture of refined petroleum products20590Manufacture of other chemical products n.e.c.23200Manufacture of refractory products51550Air transport20590Manufacture of other chemical products n.e.c.+3
Joint committees (2)
  • 116
  • 207
Contacts
4 public details availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202420232022202120182017201620152014201320122011201020092008
Income statement
Revenue79,8 M €76,1 M €70,5 M €86,9 M €69,7 M €51,3 M €52,8 M €49,2 M €47,6 M €68,2 M €31,3 M €27,8 M €23,2 M €18,5 M €25,4 M €24,5 M €
EBITDA10,4 M €10,1 M €7,9 M €6,6 M €9,9 M €5,4 M €5,8 M €5,5 M €5,4 M €4,8 M €2,3 M €2,0 M €635,6 k €951,8 k €1,1 M €1,8 M €
Operating result7,5 M €7,9 M €5,0 M €4,3 M €7,3 M €4,4 M €4,8 M €4,3 M €4,4 M €4,1 M €1,9 M €1,7 M €307,4 k €567,5 k €680,9 k €1,5 M €
Net result9,9 M €9,5 M €6,2 M €4,5 M €7,4 M €2,8 M €2,8 M €2,6 M €2,6 M €2,6 M €1,0 M €868,5 k €10,5 k €265,8 k €269,8 k €718,1 k €
Balance sheet
Equity34,6 M €30,8 M €27,3 M €27,6 M €25,1 M €16,1 M €13,4 M €10,5 M €7,9 M €5,3 M €2,7 M €3,0 M €2,7 M €2,9 M €2,8 M €2,5 M €
Total assets45,0 M €39,3 M €37,9 M €43,9 M €40,7 M €28,2 M €27,1 M €29,0 M €26,6 M €15,5 M €8,8 M €10,2 M €9,6 M €8,2 M €7,7 M €10,1 M €
Cash4,0 M €4,0 M €3,4 M €4,3 M €3,2 M €778,7 k €2,7 M €801,5 k €1,2 M €376,8 k €215,2 k €20,2 k €586,9 k €665,2 k €51,3 k €748,2 k €
Debts9,8 M €8,0 M €9,5 M €15,4 M €14,3 M €11,9 M €13,1 M €18,0 M €18,6 M €9,9 M €5,7 M €6,9 M €6,8 M €5,1 M €4,7 M €7,3 M €
Other
Workforce67,5 ETP66,2 ETP64,5 ETP62,4 ETP58,3 ETP35,1 ETP34,2 ETP32,4 ETP32,2 ETP28,4 ETP28,4 ETP28,8 ETP28,0 ETP27,2 ETP31,8 ETP26,8 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 54 ended

Active mandates

DéVe Consulting

Director · since 23 octobre 2025 · until 16 mai 2031 · 0732.875.283

Represented by Stijn Vermeulen

Active
ZENDICS

Director · since 23 octobre 2025 · until 16 mai 2031 · 0894.851.724

Represented by Willem De Vos

Active
ALGIMO

Director · since 16 mai 2025 · until 16 mai 2031 · 0436.329.061

Represented by Alain Bostoen

Active
Francis Himpe

Director · since 16 mai 2025 · until 16 mai 2031

Active
IR. J. WITTOUCK

Director · since 16 mai 2025 · until 16 mai 2031 · 0822.832.192

Represented by Jozef Wittouck

Active
Philippe Goethals

Managing director · since 16 mai 2025 · until 16 mai 2031 · 0817.706.931

Represented by Philippe Goethals

Active

Ended mandates

NOTSCHAELE FRANCIS

Director · since 15 mai 2020 · until 15 mai 2026 · 0543.967.585

Represented by Francis NOTSCHAELE

Ended
ASCECA Consulting

Director · since 13 décembre 2019 · until 16 mai 2025 · 0835.036.475

Represented by Geert ASSELMAN

Ended
ASCECA Consulting

Director · since 13 décembre 2019 · until 13 décembre 2025 · 0835.036.475

Represented by Geert ASSELMAN

Ended
Francis Himpe

Director · since 13 décembre 2019 · until 16 mai 2025

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date02/06/202616/06/202524/06/202427/06/202320/06/202208/06/2021
General meeting27/05/202616/05/202531/05/202431/05/202331/05/202231/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202527/05/202602/06/2026DutchPDF
Full model31/12/202416/05/202516/06/2025DutchPDF
Full model31/12/202331/05/202424/06/2024DutchPDF
Full model31/12/202231/05/202327/06/2023DutchPDF
Full model31/12/202131/05/202220/06/2022DutchPDF
Full model31/12/202031/05/202108/06/2021DutchPDF
Full model31/12/201915/05/202019/08/2020DutchPDF
Full model31/12/201817/05/201914/06/2019DutchPDF
Full model31/12/201718/05/201811/06/2018DutchPDF
Full model31/12/201619/05/201713/06/2017DutchPDF
Full model31/12/201520/05/201611/07/2016DutchPDF
Full model31/12/201421/05/201529/05/2015DutchPDF
Full model31/03/201328/06/201309/07/2013DutchPDF
Full model31/03/201231/08/201228/09/2012DutchPDF
Full model31/03/201126/08/201116/09/2011DutchPDF
Full model31/03/201008/09/201014/09/2010DutchPDF
Full model31/03/200923/09/200924/09/2009DutchPDF
Full model31/03/200829/08/200801/09/2008DutchPDF
Full model31/03/200731/08/200702/11/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 54 ended

Active mandates

DéVe Consulting

Director · since 23 octobre 2025 · until 16 mai 2031 · 0732.875.283

Represented by Stijn Vermeulen

Active
ZENDICS

Director · since 23 octobre 2025 · until 16 mai 2031 · 0894.851.724

Represented by Willem De Vos

Active
ALGIMO

Director · since 16 mai 2025 · until 16 mai 2031 · 0436.329.061

Represented by Alain Bostoen

Active
Francis Himpe

Director · since 16 mai 2025 · until 16 mai 2031

Active
IR. J. WITTOUCK

Director · since 16 mai 2025 · until 16 mai 2031 · 0822.832.192

Represented by Jozef Wittouck

Active
Philippe Goethals

Managing director · since 16 mai 2025 · until 16 mai 2031 · 0817.706.931

Represented by Philippe Goethals

Active

Ended mandates

NOTSCHAELE FRANCIS

Director · since 15 mai 2020 · until 15 mai 2026 · 0543.967.585

Represented by Francis NOTSCHAELE

Ended
ASCECA Consulting

Director · since 13 décembre 2019 · until 16 mai 2025 · 0835.036.475

Represented by Geert ASSELMAN

Ended
ASCECA Consulting

Director · since 13 décembre 2019 · until 13 décembre 2025 · 0835.036.475

Represented by Geert ASSELMAN

Ended
Francis Himpe

Director · since 13 décembre 2019 · until 16 mai 2025

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates04/03/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/01/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring19/12/2022
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring04/10/2022
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates20/10/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/04/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring13/09/2019
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates05/08/2019
    ONTSLAGEN - BENOEMINGEN
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 20259,9 M €↑
  2. 2024
    Annual accounts 20249,5 M €↑
  3. 2023
    Annual accounts 20236,2 M €↑
  4. 2022
    Annual accounts 20224,5 M €↓
  5. 2021
    Annual accounts 20217,4 M €↑
  6. 2018
    Annual accounts 20182,8 M €↓
  7. 2017
    Annual accounts 20172,8 M €↑
  8. 2016
    Annual accounts 20162,6 M €↑
  9. 2015
    Annual accounts 20152,6 M €↑
  10. 2014
    Annual accounts 20142,6 M €↑
  11. 2013
    Annual accounts 20131,0 M €↑
  12. 2012
    Annual accounts 2012868,5 k €↑
  13. 2011
    Annual accounts 201110,5 k €↓
  14. 2010
    Annual accounts 2010265,8 k €↓
  15. 2009
    Annual accounts 2009269,8 k €↓
  16. 2008
    Annual accounts 2008718,1 k €
  17. 01/02/1993
    IncorporationPublic limited company