GRASBO
ActiveSummary
The computed 12-month bankruptcy probability of GRASBO is 1.8% (moderate). The 2025 annual accounts show equity of €121,224 and a net result of €8,180. Equity is growing by ~13.1% per year across the filed fiscal years. Its solvency ranks better than 39% of 4564 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+1
Solvency55▲+7
Growth52=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity tight (current ratio 1.37 against 1.03 in 2024; short-term debt: 27.5% and cash: 20.4% of total assets), and 69.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← 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
30.4%
Return on assets
2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
26 d late
2024
56 d late
2023
153 d late
2022
153 d late
2021
44 d late
2020
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 76 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€121,224▲ 7.2%
2024 · €113,044
Total assets
€399,059▼ 18.5%
2024 · €489,563
Net result
€8,180▲ 59.7%
2024 · €5,123
Working capital
€40,956▲ 736%
2024 · €4,896
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€42,648▲ 72.2%€86,622▲ 103%-€14,298€13,952€15,091▲ 8.2%
Net result€35,404▲ 46.0%€61,504▲ 73.7%-€23,241€5,123€8,180▲ 59.7%
Equity€69,657▲ 103%€131,161▲ 88.3%€107,920▼ 17.7%€113,044▲ 4.7%€121,224▲ 7.2%
Total assets€384,193▲ 35.7%€419,394▲ 9.2%€473,460▲ 12.9%€489,563▲ 3.4%€399,059▼ 18.5%
Debt€314,536▲ 26.3%€288,233▼ 8.4%€365,540▲ 26.8%€376,519▲ 3.0%€277,835▼ 26.2%
Working capital-€31,847▲ 50.6%€25,523-€12,451€4,896€40,956▲ 736%
Staff (FTE)0.5
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 8% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €399,059
Fixed assets
€248,201 ▼ 18.2%
Current assets
€150,858 ▼ 18.9%
Equity and liabilities €399,059
Equity
€121,224 ▲ 7.2%
Debt
€277,835 ▼ 26.2%
Debt's share of the balance-sheet total falls from 76.9% to 69.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€73,164▼
2024 · €85,190
Cash flow
€66,254▼
2024 · €76,361
Current ratio
1.37▲
2024 · 1.03
Quick ratio
0.98▼
2024 · 1.03
Debt to equity
2.29▼
2024 · 3.33
ROE
6.7%▲
2024 · 4.5%
ROA
2.0%▲
2024 · 1.0%
Interest coverage
10.45▲
2024 · 9.26
Debt ≤ 1 year
€109,903▼
2024 · €181,108
Debt > 1 year
€167,932▼
2024 · €195,411
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,047 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.0%
went bankrupt
3.7%
stopped otherwise
94%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% 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 497,058 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% | 1.6% |
| 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 74% 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 5,047 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 | €5,000 | €14 | - | €2,350 | - | - |
| Remuneration, social security and pensions62 | €13,510 | €28,614 | €247 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €50,719 | €63,046 | €69,375 | €71,237 | €58,073 | ▼ 18.5% |
| Other operating charges640/8 | €715 | €719 | €701 | €796 | €798 | ▲ 0.2% |
| Gross operating margin9900 | €107,592 | €179,000 | €56,026 | €85,986 | €73,962 | ▼ 14.0% |
| Operating profit (loss)9901 | €42,648 | €86,622 | -€14,298 | €13,952 | €15,091 | ▲ 8.2% |
| Financial income75/76B | €196 | €228 | €114 | €369 | €88 | ▼ 76.1% |
| Recurring financial income75 | €196 | €228 | €114 | €369 | €88 | ▼ 76.1% |
| Financial charges65/66B | €2,698 | €3,063 | €9,057 | €9,199 | €6,999 | ▼ 23.9% |
| Recurring financial charges65 | €2,698 | €3,063 | €9,057 | €9,199 | €6,999 | ▼ 23.9% |
| Profit (loss) for the period before taxes9903 | €40,147 | €83,787 | -€23,241 | €5,123 | €8,180 | ▲ 59.7% |
| Income taxes67/77 | €4,743 | €22,283 | - | - | - | - |
| Profit (loss) for the period9904 | €35,404 | €61,504 | -€23,241 | €5,123 | €8,180 | ▲ 59.7% |
| Profit (loss) for the period to be appropriated9905 | €35,404 | €61,504 | -€23,241 | €5,123 | €8,180 | ▲ 59.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €384,193 | €419,394 | €473,460 | €489,563 | €399,059 | ▼ 18.5% |
| Fixed assets21/28 | €235,559 | €216,673 | €347,923 | €303,558 | €248,201 | ▼ 18.2% |
| Tangible fixed assets22/27 | €235,559 | €216,673 | €347,923 | €303,558 | €248,201 | ▼ 18.2% |
| Land and buildings22 | €17,589 | €14,494 | €209,519 | €204,285 | €200,254 | ▼ 2.0% |
| Plant, machinery and equipment23 | €120,100 | €131,340 | €94,493 | €82,118 | €47,200 | ▼ 42.5% |
| Furniture and vehicles24 | €97,869 | €70,839 | €43,911 | €17,155 | €747 | ▼ 95.6% |
| Current assets29/58 | €148,634 | €202,721 | €125,537 | €186,004 | €150,858 | ▼ 18.9% |
| Stocks and contracts in progress3 | €95,000 | €10,000 | €34,750 | - | €43,000 | - |
| Contracts in progress37 | €95,000 | €10,000 | €34,750 | - | €43,000 | - |
| Amounts receivable within one year40/41 | €26,768 | €131,170 | €53,771 | €929 | €26,481 | ▲ 2,749% |
| Trade receivables40 | €26,748 | €131,170 | €52,211 | €929 | €24,792 | ▲ 2,568% |
| Other amounts receivable41 | €20 | - | €1,559 | - | €1,689 | - |
| Cash at bank and in hand54/58 | €26,866 | €61,551 | €37,017 | €185,075 | €81,377 | ▼ 56.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €384,193 | €419,394 | €473,460 | €489,563 | €399,059 | ▼ 18.5% |
| Equity10/15 | €69,657 | €131,161 | €107,920 | €113,044 | €121,224 | ▲ 7.2% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Capital10 | €10,000 | €10,000 | - | - | - | - |
| Issued capital100 | €10,000 | €10,000 | - | - | - | - |
| Reserves13 | €59,657 | €121,161 | €121,161 | €121,161 | €121,161 | = |
| Distributable reserves133 | €59,657 | €121,161 | €121,161 | €121,161 | €121,161 | = |
| Profit (loss) carried forward14 | - | - | -€23,241 | -€18,117 | -€9,937 | ▲ 45.2% |
| Amounts payable17/49 | €314,536 | €288,233 | €365,540 | €376,519 | €277,835 | ▼ 26.2% |
| Amounts payable after more than one year17 | €134,055 | €111,035 | €227,552 | €195,411 | €167,932 | ▼ 14.1% |
| Financial debts170/4 | €134,055 | €111,035 | €227,552 | €195,411 | €167,932 | ▼ 14.1% |
| Amounts payable within one year42/48 | €180,481 | €177,198 | €137,988 | €181,108 | €109,903 | ▼ 39.3% |
| Current portion of amounts payable after more than one year42 | €22,580 | €23,020 | €31,376 | €32,141 | €27,479 | ▼ 14.5% |
| Trade debts44 | €65,339 | €41,359 | €17,719 | €58,444 | €4,298 | ▼ 92.6% |
| Suppliers440/4 | €65,339 | €41,359 | €17,719 | €58,444 | €4,298 | ▼ 92.6% |
| Taxes, remuneration and social security45 | €16,078 | €29,669 | €22,283 | €12,267 | - | - |
| Taxes450/3 | €11,587 | €27,545 | €22,283 | €12,267 | - | - |
| Remuneration and social security454/9 | €4,492 | €2,124 | - | - | - | - |
| Other amounts payable47/48 | €76,484 | €83,151 | €66,609 | €78,255 | €78,126 | ▼ 0.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,404 | €61,504 | -€23,241 | €5,123 | €8,180 | ▲ 59.7% |
| + Depreciation and write-downs630 | €50,719 | €63,046 | €69,375 | €71,237 | €58,073 | ▼ 18.5% |
| Operating cash flow (approximation) | €86,123 | €124,550 | €46,135 | €76,361 | €66,254 | ▼ 13.2% |
| Investment in fixed assets (approximation) | - | -€44,160 | -€200,625 | -€26,873 | -€2,716 | ▲ 89.9% |
| Change in cash | - | €34,686 | -€24,535 | €148,058 | -€103,698 | ▼ 170% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
31-12
Financial
Back to profitnet €5,123
Net result €5,123 after one loss-making year.
31-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 153 days late
2023
31-12
Financial
Weakest financial yearnet -€23,241
Net result drops to -€23,241, the lowest in the series; recovery starts the following year.
31-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 153 days late
2022
31-12
Financial
Highest result since 2020net €61,504 ▲73.7%
Operating result €86,622, net result €61,504, both a record.
31-12
Financial
Equity above €100,000Eq €131,161 ▲88.3%
3 profitable years in a row build equity to €131,161.
13-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 44 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Herselt · 1 establishment unit since 2020
Ground area
2,104 m²
Building footprint
209 m²
Volume, LiDAR
966 m³
Parcel 13034I0389/00G000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GRASBO
since 20202.302.084.370
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13034I0389/00G000 | Flanders | 2,104 m² | 1 · 209 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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INFINITY GARDENS
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Of 21,225 companies in sector 81300 we hold annual accounts for 4,366. 3,591 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
Founded12-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
47761Retail sale of flowers, plants, seeds and fertilisers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0743597149
Also
9925:BE0743597149
Registered
15-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.