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DE GROOTE DAVID

Active
Private limited companyfounded 2016active for 10 yearsLindenstraat 133, 2070 Beveren-Kruibeke-Zwijndrecht, BelgiumKBO/BCE: BE 0651.599.676
Summary

The computed 12-month bankruptcy probability of DE GROOTE DAVID is 5.9% (elevated). The 2024 annual accounts show equity of €92,786 and a net result of €434. Equity is growing by about 50% per year across the filed financial years. Its solvency ranks better than 88% of 36,377 sector peers (NACE 43, financial year 2024). The company has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Plumbing work
NACE 43221
1 site
Size
€112,852total assets 2024
Equity
€92,786
Profit
€434
Turnover not published (micro format)
Financial health
37 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
5.9%
Structure
Accounts 70 days overdue0 of 2 deeds read
Why 37raises risk1 financial year not filed after the legal deadline; latest accounts 203 days late; 3 of the last 3 lateFigures for financial year 2024 (filed 19-02-2026)Size: total assets €112,852lowers riskEquity €92,786 (82.2% of total assets)Show the evidence

Checked score

Score 2024
37 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 49% of its sector peers (NACE 43, micro)
Financial strength · tick = 2023
Strong
Solvency 100=
equity 82.2% of total assets
Liquidity 50-5
short-term debt 17.8% · cash 3.5%
Profitability 57-43
return on assets 0.4%
Bankruptcy probability, 12 months
5.9% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,541 companies, NACE 43, micro)
Last 24 months 11-2024: 5.8% 12-2024: 6.8%▲ +1.0 percentage point vs 11-2024highest value 01-2025: 1.9%▼ -4.9 percentage points vs 12-2024 02-2025: 1.9%● unchanged vs 01-2025 03-2025: 1.9%● unchanged vs 02-2025 04-2025: 1.9%● unchanged vs 03-2025 05-2025: 1.9%● unchanged vs 04-2025 06-2025: 1.8%▼ -0.1 percentage points vs 05-2025lowest value 07-2025: 1.8%● unchanged vs 06-2025 08-2025: 2.1%▲ +0.3 percentage points vs 07-2025 09-2025: 2.3%▲ +0.2 percentage points vs 08-2025 10-2025: 3.4%▲ +1.1 percentage points vs 09-2025 11-2025: 3.3%▼ -0.1 percentage points vs 10-2025 12-2025: 4.3%▲ +1.0 percentage point vs 11-2025 01-2026: 6.7%▲ +2.4 percentage points vs 12-2025 02-2026: 6.7%● unchanged vs 01-2026 03-2026: 4.0%▼ -2.7 percentage points vs 02-2026 04-2026: 4.0%● unchanged vs 03-2026 05-2026: 3.8%▼ -0.2 percentage points vs 04-2026 06-2026: 3.6%▼ -0.2 percentage points vs 05-2026 07-2026: 3.7%▲ +0.1 percentage points vs 06-2026 08-2026: 3.9%▲ +0.2 percentage points vs 07-2026 09-2026: 4.2%▲ +0.3 percentage points vs 08-2026 10-2026: 5.9%▲ +1.7 percentage points vs 09-2026
Credit of up to €3,000 on 30-day terms, only on tighter conditions
Liquidity ample (current ratio 4.97, compared with 3.73 in 2023; short-term debt: 17.8% and cash: 3.5% of total assets), and 17.8% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 90% on solvency, 41% on liquidity, 27% on profitability and 36% on growth.

The bankruptcy probability was computed on 09-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk+raises risk
raises risk · 1 financial year not filed after the legal deadline; latest accounts 203 days late; 3 of the last 3 late
NBB · filings
raises risk · Figures for financial year 2024 (filed 19-02-2026)
NBB · annual accounts
raises risk · Size: total assets €112,852
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
lowers risk · Equity €92,786 (82.2% of total assets)
NBB · annual accounts
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-02-2026, 203 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers.
NBB · 8 filings
Deviation from the deadline
2025
not confirmed
2024
203 days late
2023
142 days late
2022
335 days late
2021
240 days late
2020
605 days late
2018
70 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 266 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Annual accounts filedfinancial year 2023 · micro…
  3. Annual accounts filedfinancial year 2022 · micro…

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 70 days late View
  • Positive: Among the best 13% on solvencysector median 46.6% · 36,377 companies 82.2% View
  • Positive: 5 profitable years in a rowprofit 2024: €434 5 years View

By topic

Financials

Financial year
2024
Total assets
€112,852
Profit
€434
Solvency
82.2%
Total assets▼ 8.5%
Net result
20182024
Go to Financials

Timeline

Events
10
Since
2017
  1. 31-12-2023Highest result from 2018 to 2024
  2. 28-03-2023Annual accounts filed
  3. 28-03-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Plumbing workNACE 43221
Founded
05-04-2016
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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