GR20
ActiveGR20 has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.27M and a net result of €-11k. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 95% of 2147 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
70
/ 100
Healthy▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency100=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity ample (current ratio 48.24), and 5.8% of the assets are financed with debt.
Credit advice for your own amount and term
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 41
Relative position
BE, all sectors
reference
Sector 41
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 2025Solvency, return and age of the figures
Solvency
94.2%
Return on assets
-0.8%
Age of the figures
8 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 04-03-2026, 149 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
149 d early
2024
on the day
2023
5 d early
2022
25 d late
2021
2 d late
2020
2 d late
2019
41 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.27M▼ 0.8%
2024 · €1.28M
2018: €1.30M
2019: €1.30M
2020: €1.30M
2021: €1.29M
2022: €1.29M
2023: €1.29M
2024: €1.28M
2018 → 2025
Total assets
€1.35M▲ 4.0%
2024 · €1.29M
2018: €1.30M
2019: €1.30M
2020: €1.30M
2021: €1.30M
2022: €1.29M
2023: €1.29M
2024: €1.29M
2018 → 2025
Net result
€-11k▲ 5.0%
2024 · €-11k
2018: €-4k
2019: €-3k
2020: €-2k
2021: €-3k
2022: €-2k
2023: €-3k
2024: €-11k
2018 → 2025
Working capital
€86k▼ 53.4%
2024 · €184k
2019: €200k
2020: €198k
2021: €195k
2022: €193k
2023: €190k
2024: €184k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.29M-€1.29M▼ 0.2%€1.29M▼ 0.2%€1.28M▼ 0.9%€1.27M▼ 0.8%
Operating result€-3k-€-2k▲ 37.2%€-3k▼ 44.7%€-11k▼ 279%€-10k▲ 7.6%
Net result€-3k-€-2k▲ 34.8%€-3k▼ 40.7%€-11k▼ 264%€-11k▲ 5.0%
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 stays negative: a loss of €10k in 2025 against €11k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.35M
Fixed assets
€1.26M▲ 13.5%
Current assets
€88k▼ 52.8%
Equity and liabilities €1.35M
Equity
€1.27M▼ 0.8%
Debt
€79k▲ 384%
The debt ratio rises from 1.3% to 5.8%: debt grows while equity shrinks.
Key figures and ratios
Solvency
94.2%▼
2024 · 98.7%
Current ratio
48.24
Quick ratio
48.24
Debt / equity
0.06▲
2024 · 0.01
ROE
-0.8%▲
2024 · -0.9%
ROA
-0.8%▲
2024 · -0.9%
Debt
€79k▲
2024 · €16k
Debt ≤ 1 year
€2k=
2024 · €2k
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€1.29M€1.35M▲
Fixed assets21/28€1.11M€1.26M▲
Tangible fixed assets22/27€1.11M€1.26M▲
Land and buildings22€1.10M€1.10M=
Assets under construction and advance payments27€9k€159k▲
Current assets29/58€186k€88k▼
Amounts receivable within one year40/41€395€15k▲
Trade receivables40-€13k
Other amounts receivable41€395€2k▲
Cash at bank and in hand54/58€185k€72k▼
Equity and liabilities
Total equity and liabilities10/49€1.29M€1.35M▲
Equity10/15€1.28M€1.27M▼
Contributions10/11€1.32M€1.32M=
Profit (loss) carried forward14€-41k€-52k▼
Amounts payable17/49€16k€79k▲
Amounts payable within one year42/48€2k€2k=
Other amounts payable47/48€2k€2k=
Accrued charges and deferred income492/3€14k€77k▲
Income statement
Code20242025
Other operating charges640/8€3k€821▼
Gross operating margin9900€-8k€-9k▼
Operating profit (loss)9901€-11k€-10k▲
Financial charges65/66B€153€437▲
Recurring financial charges65€153€437▲
Profit (loss) for the period before taxes9903€-11k€-11k▲
Profit (loss) for the period9904€-11k€-11k▲
Profit (loss) for the period to be appropriated9905€-11k€-11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-41k€-52k▼
Profit (loss) brought forward from the previous period14P€-30k€-41k▼
The notes to these accounts (5 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
04-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 41 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2025
NULENS Gilbert
CurrentDirector · since 30-11-2023
VAN DIEVOET-VAN DEN BOSCH Guy
CurrentDirector · since 30-11-2023
21-01-2025
NULENS Gilbert: Resigned as Director
21-01-2025
VAN DIEVOET-VAN DEN BOSCH Guy: Resigned as Director
20-12-2024
BV ORCHARD: Appointed as Permanent representative
30-11-2023
NULENS Gilbert: Resigned as Manager
30-11-2023
NULENS Gilbert: Appointed as Director
30-11-2023
VAN DIEVOET-VAN DEN BOSCH Guy: Resigned as Manager
30-11-2023
VAN DIEVOET-VAN DEN BOSCH Guy: Appointed as Director
Location & real-estate footprint
Registered office, Wortegem-Petegem · 1 establishment unit since 2016
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.
Kleistraat (W.) 89790 Wortegem-PetegemGround area
1.5 ha
Building footprint
2,292 m²
Volume, LiDAR
13,279 m³
Parcel 45055A1179/00E000, Flanders · tallest building 11.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GR20
since 20162.257.029.256
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45055A1179/00E000 | Flanders | 1.5 ha | 1 · 2,292 m² | 11.7 m · 2 fl. |
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.
Similar companies · same sector, comparable size
Algemene Bouwwerken B. Obreno
BE 0433.669.083
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ELPERS
BE 0425.207.022
Merchtem · Eq €1.26M
Mowi
BE 0412.100.639
Halle · Eq €1.27M
HABITAT + MANAGEMENT
BE 0645.891.920
Neufchâteau · Eq €1.27M
BOUWWERKEN LUC CELIE
BE 0898.556.530
Lochristi · Eq €1.27M
Of 29,531 companies in sector 41001 we hold annual accounts for 15,868. 5,496 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-05-2016
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
68121Development of residential building projects
68122Development of non-residential building projects
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.