BKR Grondwerken
ActiveBKR Grondwerken has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €308k and a net result of €50k. Equity is growing by ~20.8% per year across the filed fiscal years. Its solvency ranks better than 41% of 7447 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability76▲+6
Solvency62▲+16
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.14 in 2023; short-term debt: 56.7% and cash: 7.5% of total assets), and 62.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-10-2025, 81 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
81 d late
2023
56 d late
2022
77 d late
2021
61 d late
2020
178 d late
2019
87 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€308k▲ 19.5%
2023 · €258k
2018: €71k
2019: €86k
2020: €141k
2021: €190k
2022: €223k
2023: €258k
2018 → 2024
Total assets
€832k▼ 33.2%
2023 · €1.25M
2018: €195k
2019: €122k
2020: €274k
2021: €402k
2022: €634k
2023: €1.25M
2018 → 2024
Net result
€50k▲ 43.2%
2023 · €35k
2018: €25k
2019: €14k
2020: €55k
2021: €50k
2022: €33k
2023: €35k
2018 → 2024
Working capital
€200k▲ 69.4%
2023 · €118k
2018: €21k
2019: €62k
2020: €98k
2021: €115k
2022: €94k
2023: €118k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€141k-€190k▲ 35.3%€223k▲ 17.2%€258k▲ 15.8%€308k▲ 19.5%
Operating result€73k-€76k▲ 5.1%€36k▼ 53.1%€50k▲ 38.8%€98k▲ 97.1%
Net result€55k-€50k▼ 9.7%€33k▼ 34.0%€35k▲ 7.7%€50k▲ 43.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 97% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €832k
Fixed assets
€159k▼ 39.6%
Current assets
€672k▼ 31.5%
Equity and liabilities €832k
Equity
€308k▲ 19.5%
Debt
€524k▼ 47.0%
The debt ratio falls from 79.3% to 62.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€206k▲
2023 · €175k
Cash flow
€159k▼
2023 · €160k
Solvency
37.1%▲
2023 · 20.7%
Current ratio
1.42▲
2023 · 1.14
Quick ratio
1.42▲
2023 · 0.75
Debt / equity
1.70▼
2023 · 3.83
ROE
16.3%▲
2023 · 13.6%
ROA
6.1%▲
2023 · 2.8%
Interest coverage
7.35▲
2023 · 5.74
Debt
€524k▼
2023 · €988k
Debt ≤ 1 year
€472k▼
2023 · €864k
Debt > 1 year
€51k▼
2023 · €124k
Income taxes
€20k▲
2023 · €-16k
Staff costs
€475k▲
2023 · €336k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.25M€832k▼
Fixed assets21/28€264k€159k▼
Tangible fixed assets22/27€258k€150k▼
Plant, machinery and equipment23€33k€29k▼
Furniture and vehicles24€136k€75k▼
Leasing and similar rights25€89k€46k▼
Financial fixed assets28€6k€10k▲
Current assets29/58€982k€672k▼
Stocks and contracts in progress3€338k-
Contracts in progress37€338k-
Amounts receivable within one year40/41€457k€499k▲
Trade receivables40€245k€327k▲
Other amounts receivable41€212k€172k▼
Cash at bank and in hand54/58€76k€62k▼
Deferred charges and accrued income490/1€111k€111k▲
Equity and liabilities
Total equity and liabilities10/49€1.25M€832k▼
Equity10/15€258k€308k▲
Contributions10/11€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€244k€294k▲
Amounts payable17/49€988k€524k▼
Amounts payable after more than one year17€124k€51k▼
Financial debts170/4€124k€51k▼
Amounts payable within one year42/48€864k€472k▼
Current portion of amounts payable after more than one year42€82k€72k▼
Financial debts43€100k€100k=
Credit institutions430/8€100k€100k=
Trade debts44€334k€115k▼
Suppliers440/4€334k€115k▼
Taxes, remuneration and social security45€197k€58k▼
Taxes450/3€182k€29k▼
Remuneration and social security454/9€15k€29k▲
Other amounts payable47/48€150k€127k▼
Income statement
Code20232024
Remuneration, social security and pensions62€336k€475k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€125k€108k▼
Other operating charges640/8€18k€21k▲
Non-recurring operating charges66A€8k-
Gross operating margin9900€536k€702k▲
Operating profit (loss)9901€50k€98k▲
Financial income75/76B€76€0▼
Recurring financial income75€76€0▼
Financial charges65/66B€30k€28k▼
Recurring financial charges65€30k€28k▼
Profit (loss) for the period before taxes9903€19k€70k▲
Income taxes67/77€-16k€20k▲
Profit (loss) for the period9904€35k€50k▲
Profit (loss) for the period to be appropriated9905€35k€50k▲
Appropriation of the result
Profit (loss) to be appropriated9906€244k€294k▲
Profit (loss) brought forward from the previous period14P€209k€244k▲
Social balance
Average headcount (FTE)90877.09.5▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
20-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 81 days late
2024
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 56 days late
2023
16-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 77 days late
2022
31-12
Financial
Equity above €200kEq €223k ▲17.2%
5 profitable years in a row build equity to €223k.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
25-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 178 days late
2021
31-12
Financial
Equity above €150kEq €190k ▲35.3%
4 profitable years in a row build equity to €190k.
2020
31-12
Financial
Highest result since 2018net €55k ▲284%
Net result €55k, the highest in the series.
31-12
Financial
Equity above €100kEq €141k ▲64.1%
3 profitable years in a row build equity to €141k.
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
31-12
Financial
Weakest financial yearnet €14k ▼42.4%
Net result drops to €14k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 2.70
Current ratio from 1.17 to 2.70; short-term debt falls from €124k to €37k.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 91 days late
2017
07-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 38 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Beringen · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Beverlosesteenweg 289/13583 BeringenGround area
496 m²
Building footprint
238 m²
Volume, LiDAR
1,446 m³
Parcel 71049B0239/00K000, Flanders · tallest building 11.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
GRONDWERKEN BKR
since 20162.253.783.716
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71049B0239/00K000 | Flanders | 496 m² | 1 · 237 m² | 11.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
6 categoriesGrondwerken BKR BV38773
Similar companies · same sector, comparable size
GRONDWERKEN VAN HOECKE
BE 0770.439.623
Maldegem · Eq €309k
KERKHOFS GRONDWERKEN
BE 0524.849.578
Bocholt · Eq €308k
Jean-Pol LEGRAND
BE 0834.764.380
Libramont-Chevigny · Eq €309k
GILGEMYN
BE 0674.778.421
Wevelgem · Eq €309k
WOLFERT
BE 0417.679.921
Assenede · Eq €308k
Of 8,454 companies in sector 43120 we hold annual accounts for 3,232. 2,423 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-01-2016
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
42220Construction of utility projects for electricity and telecommunications
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.