DE VROE IMMO
ActiveDE VROE IMMO has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.10M and a net result of €-46k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 46% of 4530 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability45▼-30
Solvency59▼-2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity short (current ratio 0.3 against 1.28 in 2024; short-term debt: 18% and cash: 3.2% of total assets), and 66.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
33.8%
Return on assets
-1.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
20 d early
2023
9 d early
2022
18 d early
2021
11 d early
2020
19 d early
2019
19 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-46k
2024 · €155k
2018: €-62k
2019: €-59k
2020: €-30k
2021: €30k
2022: €-40k
2023: €-41k
2024: €155k
2018 → 2025
Working capital
€-410k
2024 · €112k
2018: €287k
2019: €-13k
2020: €-61k
2021: €268k
2022: €85k
2023: €-149k
2024: €112k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.28M-€1.24M▼ 3.1%€1.04M▼ 15.5%€1.15M▲ 10.0%€1.10M▼ 4.0%
Operating result€76k-€8k▼ 90.1%€1k▼ 83.0%€267k▲ 20,625%€8k▼ 96.8%
Net result€30k-€-40k€-41k▼ 2.8%€155k€-46k
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 97% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.27M
Fixed assets
€3.09M▲ 15.0%
Current assets
€178k▼ 65.7%
Equity and liabilities €3.27M
Equity
€1.10M▼ 4.0%
Provisions
€173k▼ 9.9%
Debt
€1.99M▲ 6.8%
The debt ratio rises from 58.2% to 60.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€230k▼
2024 · €482k
Cash flow
€175k▼
2024 · €371k
Solvency
33.8%▼
2024 · 35.8%
Current ratio
0.30▼
2024 · 1.28
Quick ratio
0.30▼
2024 · 0.71
Debt / equity
1.80▲
2024 · 1.62
ROE
-4.2%▼
2024 · 13.5%
ROA
-1.4%▼
2024 · 4.8%
Interest coverage
3.33▼
2024 · 7.50
Debt
€1.99M▲
2024 · €1.86M
Debt ≤ 1 year
€589k▲
2024 · €407k
Debt > 1 year
€1.40M▼
2024 · €1.43M
Income taxes
€5k▲
2024 · €5k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.21M€3.27M▲
Fixed assets21/28€2.69M€3.09M▲
Tangible fixed assets22/27€2.69M€3.09M▲
Land and buildings22€983k€1.57M▲
Plant, machinery and equipment23€54k€42k▼
Furniture and vehicles24€7k€3k▼
Leasing and similar rights25€1.64M€1.47M▼
Other tangible fixed assets26€0-
Financial fixed assets28€0-
Current assets29/58€519k€178k▼
Stocks and contracts in progress3€231k€0▼
Stocks30/36€231k€0▼
Amounts receivable within one year40/41€47k€62k▲
Trade receivables40€36k€57k▲
Other amounts receivable41€10k€6k▼
Cash at bank and in hand54/58€230k€105k▼
Deferred charges and accrued income490/1€13k€10k▼
Equity and liabilities
Total equity and liabilities10/49€3.21M€3.27M▲
Equity10/15€1.15M€1.10M▼
Contributions10/11€326k€326k=
Capital10€326k€326k=
Issued capital100€326k€326k=
Reserves13€823k€777k▼
Non-distributable reserves130/1€33k€33k=
Legal reserve130€33k€33k=
Tax-exempt reserves132€576k€519k▼
Distributable reserves133€215k€225k▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€192k€173k▼
Deferred taxes168€192k€173k▼
Amounts payable17/49€1.86M€1.99M▲
Amounts payable after more than one year17€1.43M€1.40M▼
Financial debts170/4€1.43M€1.40M▼
Amounts payable within one year42/48€407k€589k▲
Current portion of amounts payable after more than one year42€205k€213k▲
Trade debts44€129k€316k▲
Suppliers440/4€129k€316k▲
Advances received on contracts in progress46€0€35k▲
Taxes, remuneration and social security45€16k€18k▲
Taxes450/3€16k€18k▲
Other amounts payable47/48€57k€7k▼
Accrued charges and deferred income492/3€23k€6k▼
Income statement
Code20242025
Non-recurring operating income76A€245k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€216k€222k▲
Other operating charges640/8€25k€31k▲
Gross operating margin9900€507k€261k▼
Operating profit (loss)9901€267k€8k▼
Financial income75/76B€434€192▼
Recurring financial income75€434€192▼
Financial charges65/66B€64k€69k▲
Recurring financial charges65€64k€69k▲
Profit (loss) for the period before taxes9903€203k€-60k▼
Transfer from deferred taxes780€19k€19k▲
Transfer to deferred taxes680€61k€0▼
Income taxes67/77€5k€5k▲
Profit (loss) for the period9904€155k€-46k▼
Transfer from tax-exempt reserves789€56k€57k▲
Transfer to tax-exempt reserves689€184k€0▼
Profit (loss) for the period to be appropriated9905€27k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€50k€11k▼
Profit (loss) brought forward from the previous period14P€23k€0▼
Transfer from equity791/2€147€0▼
Transfer to equity691/2-€11k
To other reserves6921-€11k
Profit to be distributed694/7€50k€0▼
Return on contributions (dividend)694€50k€0▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-09
State Gazette act
Resignations & appointmentsGeneral meeting · Director reappointment · Mandate compensation8 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director reappointment · Mandate compensation8 facts ▸
- General meeting, 2026-06-27
- Director reappointment, Ingrid Grijp (bestuurder)
- Mandate compensation, Ingrid Grijp
- Director reappointment, DE VROE GROEP (bestuurder)
- Mandate compensation, DE VROE GROEP
- Permanent representative, De Vroe Grijp NV
- General meeting, 2026-06-27
- Director reappointment, DE VROE GROEP (gedelegeerd bestuurder)
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €155k
Net result €155k after 2 loss-making years.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €30k
Net result €30k after 3 loss-making years.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 19 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
DE VROE GROEP
CurrentManaging director · since 01-01-2026 · Public limited company
Ingrid Grijp
CurrentDirector · since 01-01-2026
01-01-2026
DE VROE GROEP: Mandate renewed as Managing director
01-01-2026
DE VROE GROEP: Mandate renewed as Director
01-01-2026
Ingrid Grijp: Mandate renewed as Director
Location & real-estate footprint
Registered office, Merelbeke-Melle · 1 establishment unit since 1988
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.
Fraterstraat 109A9820 Merelbeke-MelleGround area
1.2 ha
Building footprint
6,717 m²
Volume, LiDAR
845 m³
Parcel 44043A0726/00W002, Flanders · tallest building 5.2 m. Linked by address, not a title deed.
1 establishment unit
DE VROE IMMO
since 19882.039.224.268
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44043A0726/00W002 | Flanders | 1.2 ha | 1 · 6,717 m² | 5.2 m |
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.
Structure & network
Ownership & control
1 partyControl over this companysits on this company's board1
1 subsidiary · 1 location
controls
DE VROE IMMOBE 0434.594.642
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,381. 3,160 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded21-04-1988
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
46831Wholesale of construction materials, general range
47521Retail sale of hardware, building materials, paint and glass (general range)
51532
52461
70120
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.