ACTIVE

GOVERNANCE BAY

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Financial year 2025 · Closed on 31/03/2025

Net result66,8 k €+2 275,1 %over 1 year
Gross margin145,7 k €+171,3 %over 1 year
Equity286,9 k €+12,5 %over 1 year

Identity

Source · BCE/KBO

GOVERNANCE BAY is a Private limited company incorporated in 2004. Its main activity is: Management consultancy activities. Its registered office is in Lebbeke.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0865.685.210
Incorporation
09/06/2004
Legal form
Private limited company
Registered office
Lange Breestraat 44 A
9280 Lebbeke · FlandreSee on map
Contributed capital
18 550,00 €
Latest accounts
31/03/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 19 filings

Trend over 15 financial years

20252024202320182017
Income statement
Gross margin145,7 k €53,7 k €385,2 k €245,1 k €76,1 k €
EBITDA138,6 k €41,9 k €365 k €242,4 k €72,5 k €
Operating result102,5 k €8,7 k €323 k €234,3 k €53,2 k €
Net result66,8 k €-3,1 k €239,1 k €150,1 k €32,3 k €
Balance sheet
Equity286,9 k €255,1 k €333,2 k €144,9 k €29,8 k €
Total assets899,2 k €828,7 k €818,4 k €454,5 k €477,7 k €
Cash115,9 k €252,4 k €129,7 k €195,8 k €78,5 k €
Debts586,6 k €546,1 k €455,8 k €210,2 k €433,2 k €
Other
Workforce––0,0 ETP––

Valuation

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/03/2025

1 active · 3 ended

Active mandates

Herman De Smet

Director · since 02 juin 2004

Active

Ended mandates

Herman De Smet

Manager · since 02 juin 2004

Ended
Herman De Smet

Director

Ended
Herman De Smet

Manager

Ended

Full financial information

Source · NBB
202520242023202120202019
Type of accountMicro modelMicro modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/04/202401/04/202301/07/202101/07/202001/07/201901/07/2018
Closing of the financial year31/03/202531/03/202431/03/202330/06/202130/06/202030/06/2019
Length of the financial year12 months12 months21 months12 months12 months12 months
Filing date30/04/202619/12/202415/11/202318/02/202201/02/202105/03/2020
General meeting29/04/202627/11/202414/11/202331/01/202230/12/202027/02/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/03/202529/04/202630/04/2026DutchPDF
Micro model31/03/202427/11/202419/12/2024DutchPDF
Abridged model31/03/202314/11/202315/11/2023DutchPDF
Abridged model30/06/202131/01/202218/02/2022DutchPDF
Abridged model30/06/202030/12/202001/02/2021DutchPDF
Abridged model30/06/201927/02/202005/03/2020DutchPDF
Abridged model30/06/201828/12/201815/01/2019DutchPDF
Abridged model30/06/201727/12/201716/01/2018DutchPDF
Abridged model30/06/201627/12/201623/01/2017DutchPDF
Abridged model30/06/201531/12/201526/01/2016DutchPDF
Abridged model30/06/201427/12/201422/01/2015DutchPDF
Abridged model30/06/201331/12/201331/01/2014DutchPDF
Abridged model30/06/201231/12/201211/02/2013DutchPDF
Abridged model30/06/201105/03/201226/04/2012DutchPDF
Abridged model30/06/201031/12/201008/03/2011DutchPDF
Abridged model30/06/200931/12/200929/01/2010DutchPDF
Abridged model30/06/200831/12/200828/01/2009DutchPDF
Abridged model30/06/200730/12/200715/02/2008DutchPDF
Abridged model30/06/200631/12/200630/01/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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.

Board of directors

Source · NBB, accounts to 31/03/2025

1 active · 3 ended

Active mandates

Herman De Smet

Director · since 02 juin 2004

Active

Ended mandates

Herman De Smet

Manager · since 02 juin 2004

Ended
Herman De Smet

Director

Ended
Herman De Smet

Manager

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Restructuring22/08/2022
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates27/06/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Restructuring27/06/2022
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Other18/06/2004
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

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 202566,8 k €↑
  2. 2024
    Annual accounts 2024-3,1 k €↓
  3. 2023
    Annual accounts 2023239,1 k €↑
  4. 2018
    Annual accounts 2018150,1 k €↑
  5. 2017
    Annual accounts 201732,3 k €↓
  6. 2016
    Annual accounts 201632,3 k €↑
  7. 2015
    Annual accounts 201525,2 k €↑
  8. 2014
    Annual accounts 201414,8 k €↓
  9. 2013
    Annual accounts 201349,6 k €↑
  10. 2012
    Annual accounts 2012-18,7 k €↓
  11. 2011
    Annual accounts 20111,5 k €↓
  12. 2010
    Annual accounts 20104 k €↓
  13. 2009
    Annual accounts 200913,4 k €↓
  14. 2008
    Annual accounts 200829,8 k €↓
  15. 2007
    Annual accounts 200757,7 k €
  16. 09/06/2004
    IncorporationPrivate limited company