Overdue debts
€126,731 on 31-12-2025
The annual accounts state €8,021 of overdue tax debts and €118,711 of overdue social security (RSZ) debts on 31-12-2025.
DEGROVAN
Lifetime
20 annual accounts with figures on one time axispeak €865,371 (2022)
€380,560▼ 49.8%
lowest -€331,400 (2025)
-€331,400▼ €341,291
peak €444,142 (2022)
€104,608▼ 76.0%
€1.8m▲ 1.9%
peak 11.6 FTE (2017)
8.4 FTE▼ 17.6%
Board1 name since 2005
1 director
Owners
Documentsfilings and deeds
12-10-202673 days late
2025abbreviated format
Gross margin from €757,693 to €380,560Loss of €331,400Staff from 10.2 FTE to 8.4 FTEEquity from €436,009 to €104,608Cash from €30,114 to €17,608
Key points
from the 2025 annual accountsEquity
€104,608 from €444,142 in 2022
Equity fell by 76% in 3 years.
Result
-€331,400 -€331,400
From profit to loss in 2025, after a profit of €9,890 in 2024.
Debts
€1.8m 95% of the balance sheet
Financial debts 58%Suppliers 21%Taxes and wages 10%Other 11%
€1.1m of the debts are secured on the company's own assets. In 2023 that was €1.2m.
Staff
8 employees on 31-12-2025
In 2025, 3 people joined and 4 left.
Filings
20 annual accounts 73 days
Latest accounts filed late: after the legal deadline.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 540 companies had the same profile as DEGROVAN has now. Each dot stands for 2 companies, two years later.
85.7%
were still trading
8.3%
stopped another way
5.2%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 540 companies, not a prediction for DEGROVAN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Director, since 13-11-2023
- 49.75%score equity €151,644 (2025) · 30-06-2022 annual accounts of °
Recent changes
Change of role: , from manager to director
Director discharge: · General meeting of 13-11-2023 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0878296990
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en met wijzigen van aantal woongelegenheden · Zwevegem
Company renamed to DEGROVAN
Registered office moved to Zwevegem · New name: DEGROVAN · Capital from €20,000 to €40,000, 200 new shares · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DEGROVAN Zwevegem | - | - | 5.4% | 8.4 |
| Max BOUTARD & Fils Hotton | - | - | 44.9% | 8 |
| ENTREPRISES DE RO HUBERT Erquelinnes | €1.4m | 5.1% | 22.3% | 7 |
| DEWART Pascal Orp-Jauche | €1.3m | 4.9% | 31.8% | 5.5 |
| ABSO Evergem | - | - | 25.3% | 6.2 |
| BEZIB Wervik | - | - | 21.4% | 7 |
| DE JAEGHER KRISTOF Gistel | €1.9m | 5.6% | 26.6% | 7 |
These companies have the same main activity as DEGROVAN: site preparation (NACE 43120). They are comparable in size and age: total assets between €1.3m and €2m, founded between 2001 and 2008.
Official details
Source: KBO- Status
- Active since 29-12-2005Normal situation
- Activity
- Site preparationNACE 43120and 3 others
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.151.008.1578553 Zwevegem, since 13-01-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 30-08-2023
Annual accounts 2025
- ≈ €1.0mestimated
- €1.9m▼ 13.3%
- Employeeson 31-12-2025
- 8▼ 11.1%
- Filing
- Filed on 12-10-2026
Insights on DEGROVAN
DEGROVAN files the abbreviated format. That format states no turnover. The gross margin rose from €258,151 in 2006 to €380,560 in 2025.
The balance sheet grew most from 2021 to 2023 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about DEGROVAN
- What is the company number of DEGROVAN?
- The company number of DEGROVAN is 0878.296.990. The VAT number is the same number with BE in front: BE 0878.296.990.
- Where is DEGROVAN based?
- The registered office is at Zolderstraat 56, 8553 Zwevegem.Company details
- What does DEGROVAN do?
- According to the KBO register, the main activity is site preparation (NACE 43120).
- What is the legal form of DEGROVAN?
- DEGROVAN is a private limited company (BV).
- When was DEGROVAN founded?
- DEGROVAN was founded on 29-12-2005.
- Is DEGROVAN still active?
- Yes, DEGROVAN is an active enterprise in the KBO register.
- How many employees does DEGROVAN have?
- DEGROVAN had an average of 8.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does DEGROVAN fall under?
- In its 2025 annual accounts, DEGROVAN states joint committees 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of DEGROVAN?
- The turnover in financial year 2025 is ≈ €1.0m. This figure is estimated from the gross margin of €380,560 and 145 comparable companies (NACE 43). It probably lies between €810,000 and €1.4m.
- Is DEGROVAN profitable?
- In financial year 2025, DEGROVAN made a loss of €331,400.
- Where can I find the annual accounts of DEGROVAN?
- DEGROVAN filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DEGROVAN due?
- DEGROVAN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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