Geerts Patrick Grondwerken
ActiveGeerts Patrick Grondwerken has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €585k and a net result of €-14k. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 27676 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▼-7
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
short-term debt: 0.5% and cash: 34.5% of total assets, and 3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 43
higher
← 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
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 27-01-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
3 d early
2023
12 d late
2022
1 d early
2021
3 d early
2020
2 d early
2019
8 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close21-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€585k▼ 2.4%
2024 · €600k
2019: €284k
2020: €366k
2021: €410k
2022: €506k
2023: €577k
2024: €600k
2019 → 2025
Total assets
€603k▼ 2.3%
2024 · €618k
2019: €539k
2020: €573k
2021: €594k
2022: €717k
2023: €632k
2024: €618k
2019 → 2025
Net result
€-14k
2024 · €23k
2019: €77k
2020: €86k
2021: €46k
2022: €96k
2023: €123k
2024: €23k
2019 → 2025
Working capital
€466k▲ 3.9%
2024 · €448k
2019: €352k
2020: €380k
2021: €434k
2022: €546k
2023: €392k
2024: €448k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€410k-€506k▲ 23.2%€577k▲ 14.2%€600k▲ 3.9%€585k▼ 2.4%
Operating result€69k-€137k▲ 96.9%€180k▲ 31.5%€35k▼ 80.3%€-17k
Net result€46k-€96k▲ 108%€123k▲ 28.2%€23k▼ 81.5%€-14k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €17k after €35k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €603k
Fixed assets
€134k▼ 18.7%
Current assets
€469k▲ 3.6%
Equity and liabilities €603k
Equity
€585k▼ 2.4%
Debt
€18k▼ 0.1%
The debt ratio rises from 2.9% to 3.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€16k▼
2024 · €68k
Cash flow
€19k▼
2024 · €56k
Solvency
97.0%▼
2024 · 97.1%
Debt / equity
0.03▲
2024 · 0.03
ROE
-2.5%▼
2024 · 3.8%
ROA
-2.4%▼
2024 · 3.7%
Interest coverage
13.04▼
2024 · 69.22
Debt
€18k▼
2024 · €18k
Debt ≤ 1 year
€3k▼
2024 · €4k
Debt > 1 year
€15k▲
2024 · €14k
Income taxes
€467▼
2024 · €12k
A ratio outside any meaningful range has been withheld (balance sheet total €603k, equity €585k).
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€618k€603k▼
Fixed assets21/28€165k€134k▼
Tangible fixed assets22/27€165k€134k▼
Land and buildings22€92k€86k▼
Plant, machinery and equipment23€657€407▼
Furniture and vehicles24€73k€48k▼
Current assets29/58€453k€469k▲
Amounts receivable within one year40/41€2k€6k▲
Trade receivables40€1k€3k▲
Other amounts receivable41€961€2k▲
Current investments50/53€400k€250k▼
Cash at bank and in hand54/58€44k€208k▲
Deferred charges and accrued income490/1€6k€5k▼
Equity and liabilities
Total equity and liabilities10/49€618k€603k▼
Equity10/15€600k€585k▼
Contributions10/11€54k€54k=
Reserves13€546k€531k▼
Tax-exempt reserves132€40k€40k=
Distributable reserves133€506k€491k▼
Profit (loss) carried forward14€0-
Amounts payable17/49€18k€18k▼
Amounts payable after more than one year17€14k€15k▲
Other amounts payable178/9€14k€15k▲
Amounts payable within one year42/48€4k€3k▼
Trade debts44€87€2k▲
Suppliers440/4€87€2k▲
Taxes, remuneration and social security45€3k€401▼
Taxes450/3€3k€401▼
Other amounts payable47/48€800€800=
Accrued charges and deferred income492/3€15€15▲
Income statement
Code20242025
Non-recurring operating income76A€48k€0▼
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€33k▲
Other operating charges640/8€7k€6k▼
Gross operating margin9900€76k€22k▼
Operating profit (loss)9901€35k€-17k▼
Financial income75/76B€0€4k▲
Recurring financial income75€0€4k▲
Financial charges65/66B€989€1k▲
Recurring financial charges65€989€1k▲
Profit (loss) for the period before taxes9903€34k€-14k▼
Income taxes67/77€12k€467▼
Profit (loss) for the period9904€23k€-14k▼
Profit (loss) for the period to be appropriated9905€23k€-14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€23k€-14k▼
Transfer from equity791/2€0€14k▲
Transfer to equity691/2€23k€0▼
To other reserves6921€23k€0▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (8 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
27-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €-14k ▼164%
Net result drops to €-14k, the lowest in the series.
28-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Liquidity times 10current ratio 104.23
Current ratio from 10.08 to 104.23; short-term debt falls from €43k to €4k.
12-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
30-06
Financial
Highest result since 2019net €123k ▲28.2%
Operating result €180k, net result €123k, both a record.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Equity above €500kEq €506k ▲23.2%
4 profitable years in a row build equity to €506k.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Liquidity triplescurrent ratio 24.71
Current ratio from 8.18 to 24.71; short-term debt falls from €53k to €18k.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 310 days late
2017
10-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Hechtel-Eksel · 2 establishment units since 1991
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.
Steenovenstraat 143940 Hechtel-EkselGround area
2,817 m²
Building footprint
506 m²
Volume, LiDAR
590 m³
2 parcels, Flanders · tallest building 6.2 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
Steenovenstraat 14, 3940 Hechtel-Eksel
since 19912.052.920.272
AGGA
since 19952.052.920.371
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72006D0372/00R000 | Flanders | 1,671 m² | 1 · 123 m² | 6.2 m · 1 fl. |
| 72006D0676/00A000 | Flanders | 1,146 m² | 1 · 383 m² | 4.1 m |
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.
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Of 8,456 companies in sector 43120 we hold annual accounts for 3,233. 2,071 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-05-1991
Fiscal year end30-06
Activities, NACEBEL
43120Site preparation
45112
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.