DRINK GROOTEN SA
ActiveDRINK GROOTEN SA has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.31M and a net result of €159k. Equity is growing by ~2.5% per year across the filed fiscal years. Its solvency ranks better than 86% of 5988 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
88
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability81=
Solvency100▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 4.52 against 3.66 in 2023; short-term debt: 20.5% and cash: 36.1% of total assets), and 22.5% 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+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
77.5%
Return on assets
9.4%
Age of the figures
21 mo
neutral · A punctual record breaks
This company filed 7 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
34 d early
2022
on the day
2021
60 d early
2020
61 d early
2019
21 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€159k▼ 4.2%
2023 · €167k
2018: €52k
2019: €155k
2020: €-67k
2021: €42k
2022: €189k
2023: €167k
2018 → 2024
Working capital
€1.22M▲ 4.1%
2023 · €1.17M
2018: €1.03M
2019: €1.06M
2020: €1.01M
2021: €1,000k
2022: €1.07M
2023: €1.17M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.09M-€1.07M▼ 2.1%€1.17M▲ 9.7%€1.25M▲ 6.5%€1.31M▲ 5.0%
Operating result€-66k-€48k€190k▲ 292%€183k▼ 3.6%€170k▼ 7.1%
Net result€-67k-€42k€189k▲ 353%€167k▼ 11.8%€159k▼ 4.2%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 7% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.69M
Fixed assets
€125k▼ 3.1%
Current assets
€1.57M▼ 2.8%
Equity and liabilities €1.69M
Equity
€1.31M▲ 5.0%
Debt
€382k▼ 22.7%
The debt ratio falls from 28.3% to 22.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€203k▼
2023 · €224k
Cash flow
€193k▼
2023 · €207k
Solvency
77.5%▲
2023 · 71.7%
Current ratio
4.52▲
2023 · 3.66
Quick ratio
3.26▲
2023 · 2.64
Debt / equity
0.29▼
2023 · 0.40
ROE
12.2%▼
2023 · 13.3%
ROA
9.4%▼
2023 · 9.6%
Interest coverage
67.10▲
2023 · 59.54
Debt
€382k▼
2023 · €493k
Debt ≤ 1 year
€347k▼
2023 · €441k
Debt > 1 year
€35k▼
2023 · €53k
Income taxes
€18k▲
2023 · €14k
Staff costs
€356k▲
2023 · €328k
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€1.74M€1.69M▼
Fixed assets21/28€129k€125k▼
Intangible fixed assets21€345€3k▲
Tangible fixed assets22/27€123k€119k▼
Plant, machinery and equipment23€8k€7k▼
Furniture and vehicles24€83k€71k▼
Other tangible fixed assets26€32k€41k▲
Financial fixed assets28€6k€3k▼
Current assets29/58€1.61M€1.57M▼
Stocks and contracts in progress3€450k€434k▼
Stocks30/36€450k€434k▼
Amounts receivable within one year40/41€491k€509k▲
Trade receivables40€244k€248k▲
Other amounts receivable41€247k€261k▲
Cash at bank and in hand54/58€664k€611k▼
Deferred charges and accrued income490/1€7k€13k▲
Equity and liabilities
Total equity and liabilities10/49€1.74M€1.69M▼
Equity10/15€1.25M€1.31M▲
Contributions10/11€65k€65k=
Capital10€65k€65k=
Issued capital100€65k€65k=
Reserves13€1.18M€1.24M▲
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Distributable reserves133€1.17M€1.23M▲
Profit (loss) carried forward14€7k€6k▼
Investment grants15-€3k
Amounts payable17/49€493k€382k▼
Amounts payable after more than one year17€53k€35k▼
Financial debts170/4€53k€35k▼
Amounts payable within one year42/48€441k€347k▼
Current portion of amounts payable after more than one year42€20k€18k▼
Trade debts44€288k€179k▼
Suppliers440/4€288k€179k▼
Advances received on contracts in progress46€315-
Taxes, remuneration and social security45€41k€49k▲
Taxes450/3€15k€21k▲
Remuneration and social security454/9€27k€29k▲
Other amounts payable47/48€91k€101k▲
Income statement
Code20232024
Remuneration, social security and pensions62€328k€356k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€33k▼
Other operating charges640/8€7k€15k▲
Gross operating margin9900€558k€575k▲
Operating profit (loss)9901€183k€170k▼
Financial income75/76B€1k€10k▲
Recurring financial income75€1k€10k▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€181k€178k▼
Income taxes67/77€14k€18k▲
Profit (loss) for the period9904€167k€159k▼
Profit (loss) for the period to be appropriated9905€167k€159k▼
Appropriation of the result
Profit (loss) to be appropriated9906€187k€166k▼
Profit (loss) brought forward from the previous period14P€20k€7k▼
Transfer to equity691/2€90k€60k▼
To other reserves6921€90k€60k▼
Profit to be distributed694/7€90k€100k▲
Directors or managers695€90k€100k▲
Social balance
Average headcount (FTE)90877.06.8▼
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €189k ▲353%
Operating result €190k, net result €189k, both a record.
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €42k
Net result €42k after one loss-making year.
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-67k ▼143%
Net result drops to €-67k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 8.19
Current ratio from 3.34 to 8.19; short-term debt falls from €451k to €140k.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 14 days late
2016
13-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 135 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Welkenraedt · 1 establishment unit since 2002
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.
Rue du Hangar 1164840 WelkenraedtGround area
5,061 m²
Building footprint
1,930 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue Ernest Solvay 2, 4710 Lontzen
since 20022.115.120.434
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63048G0049/00D000 | Wallonia | 4,514 m² | 1 · 1,854 m² | - |
| 63084B0417/00K019 | Wallonia | 547 m² | 1 · 76 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLontzen2.115.120.434
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Of 1,581 companies in sector 46349 we hold annual accounts for 986. 558 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-10-2002
Fiscal year end31-12
Activities, NACEBEL
46349Wholesale of beverages, general range
47252Retail sale of beverages, general range
51340
52250Logistics services
71404
77223Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.