DEGROVI
ActiveSummary
DEGROVI has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€98,805) and a net result of -€3,127. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 7930 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▲+66
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.36 against 0.85 in 2024; short-term debt: 41.7% and cash: 31.3% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-63.8%
Return on assets
-2%
Age of the figures
15 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€98,805
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 22-01-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
on the day
2023
2 d early
2022
on the day
2021
4 d early
2020
2 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 2 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 29 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€98,805▼ 3.3%
2024 · -€95,678
Total assets
€154,775▲ 1.8%
2024 · €152,064
Net result
-€3,127▲ 97.2%
2024 · -€110,841
Working capital
€23,171
2024 · -€16,432
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€4,448▲ 20.8%-€12,378-€11,139▲ 10.0%-€109,498▼ 883%-€4,436▲ 95.9%
Net result€4,083below the sector's middle half▲ 117%-€12,009below the sector's middle half-€12,381below the sector's middle half▼ 3.1%-€110,841below the sector's middle half▼ 795%-€3,127below the sector's middle half▲ 97.2%
Equity€39,552below the sector's middle half▲ 11.5%€27,544below the sector's middle half▼ 30.4%€15,163below the sector's middle half▼ 45.0%-€95,678below the sector's middle half-€98,805below the sector's middle half▼ 3.3%
Total assets€121,314below the sector's middle half▲ 178%€152,899below the sector's middle half▲ 26.0%€263,173below the sector's middle half▲ 72.1%€152,064below the sector's middle half▼ 42.2%€154,775below the sector's middle half▲ 1.8%
Debt€81,762▲ 896%€125,355▲ 53.3%€248,010▲ 97.8%€247,743▼ 0.1%€253,580▲ 2.4%
Working capital€5,900below the sector's middle half▼ 83.4%€22,525below the sector's middle half▲ 282%€39,850within the sector's middle half▲ 76.9%-€16,432below the sector's middle half€23,171within the sector's middle half
Solvency32.6%within the sector's middle half▼ 48.6pp18.0%below the sector's middle half▼ 14.6pp5.8%below the sector's middle half▼ 12.3pp-62.9%below the sector's middle half▼ 68.7pp-63.8%below the sector's middle half▼ 0.9pp
Current ratio1.07below the sector's middle half▼ 4.251.22within the sector's middle half▲ 0.151.27within the sector's middle half▲ 0.050.85below the sector's middle half▼ 0.421.36within the sector's middle half▲ 0.50
Return on assets (ROA)3.4%within the sector's middle half▼ 0.9pp-7.9%below the sector's middle half▼ 11.2pp-4.7%below the sector's middle half▲ 3.1pp-72.9%below the sector's middle half▼ 68.2pp-2.0%below the sector's middle half▲ 70.9pp
Staff (FTE)0.8below the sector's middle half3within the sector's middle half▲ 275%3within the sector's middle half=3within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4,436 in 2025 against €109,498 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €154,775
Fixed assets
€67,024 ▲ 20.9%
Current assets
€87,751 ▼ 9.2%
Key figures and ratios
EBITDA
€16,981▲
2024 · -€90,042
Cash flow
€18,290▲
2024 · -€91,385
Debt to equity
-2.57▲
2024 · -2.59
Interest coverage
27.80▲
2024 · -76.55
Debt ≤ 1 year
€64,580▼
2024 · €113,056
Debt > 1 year
€189,000▲
2024 · €134,571
Income taxes
€177▲
2024 · €168
Staff costs
€195,715▲
2024 · €190,146
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,799 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
1.9%
went bankrupt
5.9%
stopped otherwise
90%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,799 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €1,536 | - |
| Remuneration, social security and pensions62 | - | €9,036 | €166,315 | €190,146 | €195,715 | ▲ 2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €373 | €6,607 | €14,632 | €19,456 | €21,417 | ▲ 10.1% |
| Other operating charges640/8 | - | €649 | €1,887 | €1,564 | €600 | ▼ 61.6% |
| Gross operating margin9900 | €8,403 | €3,914 | €171,695 | €101,669 | €213,296 | ▲ 110% |
| Operating profit (loss)9901 | €4,448 | -€12,378 | -€11,139 | -€109,498 | -€4,436 | ▲ 95.9% |
| Financial income75/76B | - | €371 | €1 | €1 | €2,097 | ▲ 216,089% |
| Recurring financial income75 | - | €371 | €1 | €1 | €2,097 | ▲ 216,089% |
| Financial charges65/66B | - | €1 | €1,093 | €1,176 | €611 | ▼ 48.1% |
| Recurring financial charges65 | €108 | €1 | €1,093 | €1,176 | €611 | ▼ 48.1% |
| Profit (loss) for the period before taxes9903 | €4,340 | -€12,009 | -€12,232 | -€110,673 | -€2,950 | ▲ 97.3% |
| Income taxes67/77 | €257 | - | €149 | €168 | €177 | ▲ 5.4% |
| Profit (loss) for the period9904 | €4,083 | -€12,009 | -€12,381 | -€110,841 | -€3,127 | ▲ 97.2% |
| Profit (loss) for the period to be appropriated9905 | €4,083 | -€12,009 | -€12,381 | -€110,841 | -€3,127 | ▲ 97.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €121,314 | €152,899 | €263,173 | €152,064 | €154,775 | ▲ 1.8% |
| Fixed assets21/28 | €33,652 | €27,045 | €77,222 | €55,441 | €67,024 | ▲ 20.9% |
| Tangible fixed assets22/27 | €31,327 | €24,720 | €74,897 | €55,441 | €67,024 | ▲ 20.9% |
| Plant, machinery and equipment23 | - | €1,221 | €554 | - | €30,485 | - |
| Furniture and vehicles24 | - | €23,500 | €74,343 | €55,441 | €36,539 | ▼ 34.1% |
| Financial fixed assets28 | €2,325 | €2,325 | €2,325 | - | - | - |
| Current assets29/58 | €87,662 | €125,854 | €185,951 | €96,623 | €87,751 | ▼ 9.2% |
| Stocks and contracts in progress3 | €29,835 | €23,668 | €13,342 | - | - | - |
| Stocks30/36 | - | €23,668 | €13,342 | - | - | - |
| Amounts receivable within one year40/41 | €34,766 | €51,630 | €150,685 | €91,592 | €37,891 | ▼ 58.6% |
| Trade receivables40 | - | €51,630 | €132,332 | €68,301 | €9,911 | ▼ 85.5% |
| Other amounts receivable41 | - | - | €18,353 | €23,291 | €27,980 | ▲ 20.1% |
| Cash at bank and in hand54/58 | €22,760 | €48,362 | €17,711 | €1,947 | €48,376 | ▲ 2,385% |
| Deferred charges and accrued income490/1 | - | €2,194 | €4,213 | €3,085 | €1,484 | ▼ 51.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €121,314 | €152,899 | €263,173 | €152,064 | €154,775 | ▲ 1.8% |
| Equity10/15 | €39,552 | €27,544 | €15,163 | -€95,678 | -€98,805 | ▼ 3.3% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €21,081 | €21,081 | €21,081 | €21,081 | €21,081 | = |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | €19,221 | €21,081 | €21,081 | €21,081 | = |
| Profit (loss) carried forward14 | -€129 | -€12,138 | -€24,519 | -€135,359 | -€138,486 | ▼ 2.3% |
| Amounts payable17/49 | €81,762 | €125,355 | €248,010 | €247,743 | €253,580 | ▲ 2.4% |
| Amounts payable after more than one year17 | - | €9,312 | €101,910 | €134,571 | €189,000 | ▲ 40.4% |
| Financial debts170/4 | - | €9,312 | €21,910 | €6,571 | €0 | ▼ 100% |
| Other amounts payable178/9 | - | - | €80,000 | €128,000 | €189,000 | ▲ 47.7% |
| Amounts payable within one year42/48 | €81,762 | €103,329 | €146,101 | €113,056 | €64,580 | ▼ 42.9% |
| Current portion of amounts payable after more than one year42 | - | €9,312 | €24,062 | €15,339 | €6,571 | ▼ 57.2% |
| Financial debts43 | - | - | €15,000 | €15,000 | €0 | ▼ 100% |
| Other loans439 | - | - | €15,000 | €15,000 | €0 | ▼ 100% |
| Trade debts44 | €74,983 | €81,349 | €9,288 | €4,107 | €3,936 | ▼ 4.2% |
| Suppliers440/4 | - | €81,349 | €9,288 | €4,107 | €3,936 | ▼ 4.2% |
| Taxes, remuneration and social security45 | - | €10,172 | €19,052 | €3,818 | €14,074 | ▲ 269% |
| Taxes450/3 | - | €3,394 | €11,858 | €3,818 | €6,415 | ▲ 68.0% |
| Remuneration and social security454/9 | - | €6,778 | €7,195 | - | €7,659 | - |
| Other amounts payable47/48 | - | €2,495 | €78,699 | €74,791 | €40,000 | ▼ 46.5% |
| Accrued charges and deferred income492/3 | - | €12,714 | - | €116 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,083 | -€12,009 | -€12,381 | -€110,841 | -€3,127 | ▲ 97.2% |
| + Depreciation and write-downs630 | €373 | €6,607 | €14,632 | €19,456 | €21,417 | ▲ 10.1% |
| Operating cash flow (approximation) | €4,456 | -€5,402 | €2,251 | -€91,385 | €18,290 | ▲ 120% |
| Investment in fixed assets (approximation) | - | €0 | -€64,809 | €2,325 | -€33,000 | ▼ 1,519% |
| Change in cash | - | €25,602 | -€30,651 | -€15,764 | €46,429 | ▲ 395% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Weakest financial yearnet -€110,841
Net result drops to -€110,841, the lowest in the series; recovery starts the following year.
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Highest result since 2019net €4,083 ▲117%
Operating result €4,448, net result €4,083, both a record.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Back to profitnet €1,878
Net result €1,878 after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
12-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 12 days late
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Hasselt · 1 establishment unit since 2000
Ground area
4,800 m²
Building footprint
1,455 m²
Volume, LiDAR
6,815 m³
2 parcels, Flanders · tallest building 12.9 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
DEGROVI BV
since 20002.097.683.495
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23078A0270/00M000 | Flanders | 3,551 m² | 1 · 1,181 m² | 12.9 m · 1 fl. |
| 71328D1024/00C003 | Flanders | 1,248 m² | 1 · 274 m² | 10.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- DENECO CONSULTING
- DEGROVI
Highest known parent: DENECO CONSULTING. The sources do not say who stands above it.
Owners 1
- DENECO CONSULTINGparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,423. 4,823 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-10-2000
Fiscal year end30-06
Activities, NACEBEL 2025
25639Manufacture of fabricated metal products, except machinery and equipment
43990Other specialised construction activities
30920Manufacture of other transport equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0473055736
Also
9925:BE0473055736
Registered
19-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.