ACTIVE

GOVAERE

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Financial year 2025 · closed on 31/12/2025
Net result
532,8 k €
+68.7% YoY
Gross margin
1,8 M €
+26.0% YoY
Equity
1,5 M €
+9.4% YoY
Workforce
10,7 ETP
+18.9% YoY

What does GOVAERE do?

GOVAERE is a Private company with limited liability incorporated in 2018. Its main activity is: Wholesale of wood, construction materials and sanitary equipment. Its registered office is in Brugge. It employs on average 10,7 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0699.676.341
Incorporation
05/07/2018
Legal form
Private company with limited liability
Registered office
Peraltastraat 41
8000 Brugge · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
10,7 ETP
Activities (NACE)
46733Wholesale of wood, construction materials and sanitary equipment· main46833Wholesale trade, except of motor vehicles and motorcycles45310Wholesale trade of motor vehicle parts and accessories46720Wholesale of metals and metal ores
Joint committees (2)
  • 116
  • 207
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021202020192018
Income statement
Gross margin1,8 M €1,4 M €1,3 M €1,3 M €1,4 M €1 M €872,1 k €358 k €
EBITDA818,6 k €512,4 k €490,1 k €554,6 k €698,9 k €470,8 k €297,8 k €174 k €
Operating result725,3 k €445,7 k €427,6 k €495,3 k €640,6 k €422,9 k €252,2 k €140,6 k €
Net result532,8 k €315,9 k €308,6 k €352,8 k €461,1 k €317,3 k €199,6 k €102,6 k €
Balance sheet
Equity1,5 M €1,4 M €1,1 M €852 k €1,1 M €638,1 k €320,8 k €121,2 k €
Total assets3,1 M €2,6 M €2,5 M €2,3 M €1,9 M €1,7 M €1,4 M €1,1 M €
Cash440,1 k €408,8 k €236,9 k €451,4 k €266,5 k €351,6 k €186,8 k €25,6 k €
Debts1,6 M €1,2 M €1,4 M €1,5 M €759,5 k €1,1 M €1,1 M €983,6 k €
Other
Workforce10,7 ETP9,0 ETP9,0 ETP9,0 ETP8,9 ETP8,6 ETP7,7 ETP2,5 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

INDULED

Director · since 15 mars 2022 · 0649.845.263

Represented by Bart Govaere

Active

Ended mandates

Bart Govaere

Director

Ended
Bart Govaere

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date29/07/202609/09/202528/06/202412/07/202301/07/202229/06/2021
General meeting28/07/202619/08/202524/06/202426/06/202327/06/202228/06/2021
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

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202528/07/202629/07/2026DutchPDF
Abridged model31/12/202419/08/202509/09/2025DutchPDF
Abridged model31/12/202324/06/202428/06/2024DutchPDF
Abridged model31/12/202226/06/202312/07/2023DutchPDF
Abridged model31/12/202127/06/202201/07/2022DutchPDF
Abridged model31/12/202028/06/202129/06/2021DutchPDF
Abridged model31/12/201929/06/202007/07/2020DutchPDF
Abridged model31/12/201824/06/201927/08/2019DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 1 active · 2 ended

Active mandates

INDULED

Director · since 15 mars 2022 · 0649.845.263

Represented by Bart Govaere

Active

Ended mandates

Bart Govaere

Director

Ended
Bart Govaere

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates11/05/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other09/07/2018
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 2025532,8 k €↑
  2. 2024
    Annual accounts 2024315,9 k €↑
  3. 2023
    Annual accounts 2023308,6 k €↓
  4. 2022
    Annual accounts 2022352,8 k €↓
  5. 2021
    Annual accounts 2021461,1 k €↑
  6. 2020
    Annual accounts 2020317,3 k €↑
  7. 2019
    Annual accounts 2019199,6 k €↑
  8. 2018
    Annual accounts 2018102,6 k €
  9. 05/07/2018
    IncorporationPrivate company with limited liability