GrO2
ActiveSummary
GrO2 has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21k and a net result of €-5k. Equity is shrinking by ~23.3% per year across the filed fiscal years. Its solvency ranks better than 88% of 524 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency100=
Growth32=
Track record94
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 13.16 against 15.36 in 2024; short-term debt: 6.7% and cash: 88.4% of total assets), and 6.7% of the assets are financed with debt.
Credit check 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 · 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 72
Relative position
BE, all sectors
reference
Scientific research and development (NACE 72)
about 30% fewer 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
93.3%
Return on assets
-21.5%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
232425
2023 to 2025 · latest year €-5k
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 01-06-2026, 60 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
60 d early
2024
59 d early
2023
55 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€21k▼ 18.7%
2024 · €26k
2023: €33khighest in 3 years
2024: €26k▼ -21.8% vs 2023
2025: €21k▼ -18.7% vs 2024lowest in 3 years
2023 → 2025
Total assets
€22k▼ 17.6%
2024 · €27k
2023: €35khighest in 3 years
2024: €27k▼ -21.4% vs 2023
2025: €22k▼ -17.6% vs 2024lowest in 3 years
2023 → 2025
Net result
€-5k▲ 32.6%
2024 · €-7k
2023: €11khighest in 3 years
2024: €-7k▼ -164% vs 2023lowest in 3 years
2025: €-5k▲ +32.6% vs 2024
2023 → 2025
Working capital
€18k▼ 13.0%
2024 · €21k
2023: €26khighest in 3 years
2024: €21k▼ -20.0% vs 2023
2025: €18k▼ -13.0% vs 2024lowest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€33k-€26k▼ 21.8%€21k▼ 18.7%
2023: €33khighest in 3 years
2024: €26k▼ -21.8% vs 2023
2025: €21k▼ -18.7% vs 2024lowest in 3 years
Operating result€11k-€-7k€-5k▲ 32.9%
2023: €11khighest in 3 years
2024: €-7k▼ -162% vs 2023lowest in 3 years
2025: €-5k▲ +32.9% vs 2024
Net result€11k-€-7k€-5k▲ 32.6%
2023: €11khighest in 3 years
2024: €-7k▼ -164% vs 2023lowest in 3 years
2025: €-5k▲ +32.6% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2025 against €7k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €22k
Fixed assets
€3k ▼ 45.0%
Current assets
€20k ▼ 11.9%
Equity and liabilities €22k
Equity
€21k ▼ 18.7%
Debt
€2k ▲ 2.8%
Debt's share of the balance-sheet total rises from 5.4% to 6.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-3k▲
2024 · €-5k
Cash flow
€-3k▲
2024 · €-5k
Current ratio
13.16▼
2024 · 15.36
Debt to equity
0.07▲
2024 · 0.06
ROE
-23.1%▲
2024 · -27.8%
ROA
-21.5%▲
2024 · -26.3%
Interest coverage
-40.79▲
2024 · -68.09
Debt ≤ 1 year
€2k▲
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 33 lines
Balance sheet
Code20242025
Assets
Total assets20/58€27k€22k▼
Fixed assets21/28€5k€3k▼
Tangible fixed assets22/27€5k€3k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€2k€712▼
Current assets29/58€22k€20k▼
Amounts receivable within one year40/41€1k€50▼
Trade receivables40€0-
Other amounts receivable41€1k€50▼
Cash at bank and in hand54/58€21k€20k▼
Equity and liabilities
Total equity and liabilities10/49€27k€22k▼
Equity10/15€26k€21k▼
Contributions10/11€22k€22k=
Reserves13€4k€0▼
Distributable reserves133€4k€0▼
Profit (loss) carried forward14-€-744
Amounts payable17/49€1k€2k▲
Amounts payable within one year42/48€1k€2k▲
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€184€587▲
Gross operating margin9900€-5k€-2k▲
Operating profit (loss)9901€-7k€-5k▲
Financial charges65/66B€74€65▼
Recurring financial charges65€74€65▼
Profit (loss) for the period before taxes9903€-7k€-5k▲
Profit (loss) for the period9904€-7k€-5k▲
Profit (loss) for the period to be appropriated9905€-7k€-5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€-5k▲
Transfer from equity791/2€7k€4k▼
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €2k | €2k | ▲ 1.4% |
| Other operating charges640/8 | €621 | €184 | €587 | ▲ 219% |
| Gross operating margin9900 | €13k | €-5k | €-2k | ▲ 57.1% |
| Operating profit (loss)9901 | €11k | €-7k | €-5k | ▲ 32.9% |
| Financial charges65/66B | €114 | €74 | €65 | ▼ 11.4% |
| Recurring financial charges65 | €114 | €74 | €65 | ▼ 11.4% |
| Profit (loss) for the period before taxes9903 | €11k | €-7k | €-5k | ▲ 32.6% |
| Profit (loss) for the period9904 | €11k | €-7k | €-5k | ▲ 32.6% |
| Profit (loss) for the period to be appropriated9905 | €11k | €-7k | €-5k | ▲ 32.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €35k | €27k | €22k | ▼ 17.6% |
| Fixed assets21/28 | €7k | €5k | €3k | ▼ 45.0% |
| Tangible fixed assets22/27 | €7k | €5k | €3k | ▼ 45.0% |
| Plant, machinery and equipment23 | €3k | €3k | €2k | ▼ 28.2% |
| Furniture and vehicles24 | €3k | €2k | €712 | ▼ 65.7% |
| Current assets29/58 | €28k | €22k | €20k | ▼ 11.9% |
| Amounts receivable within one year40/41 | €771 | €1k | €50 | ▼ 95.7% |
| Trade receivables40 | €415 | €0 | - | - |
| Other amounts receivable41 | €356 | €1k | €50 | ▼ 95.7% |
| Cash at bank and in hand54/58 | €27k | €21k | €20k | ▼ 7.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €35k | €27k | €22k | ▼ 17.6% |
| Equity10/15 | €33k | €26k | €21k | ▼ 18.7% |
| Contributions10/11 | €22k | €22k | €22k | = |
| Reserves13 | €11k | €4k | €0 | ▼ 100% |
| Distributable reserves133 | €11k | €4k | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | - | €-744 | - |
| Amounts payable17/49 | €2k | €1k | €2k | ▲ 2.8% |
| Amounts payable within one year42/48 | €2k | €1k | €2k | ▲ 2.8% |
| Trade debts44 | €2k | €1k | €2k | ▲ 2.8% |
| Suppliers440/4 | €2k | €1k | €2k | ▲ 2.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €-7k | €-5k | ▲ 32.6% |
| + Depreciation and write-downs630 | €1k | €2k | €2k | ▲ 1.4% |
| Operating cash flow (approximation) | €13k | €-5k | €-3k | ▲ 46.4% |
| Investment in fixed assets (approximation) | - | €-159 | €0 | ▲ 100% |
| Change in cash | - | €-6k | €-2k | ▲ 73.6% |
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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Mol · 1 establishment unit since 2022
Ground area
1,151 m²
Building footprint
173 m²
Volume, LiDAR
1,249 m³
Parcel 13435C0542/00B000, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
St.-Apollonialaan 76, 2400 Mol
since 20222.343.822.579
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13435C0542/00B000 | Flanders | 1,150 m² | 1 · 173 m² | 11.3 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 50,000 EUR awarded · 50,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 25,000 EUR |
| 2022 | 1 | 50,000 EUR | 25,000 EUR |
Schemes
Innovatieve starterssteun
Similar companies · same sector, comparable size
SANEQUINE
BE 0568.783.056
Waterloo · Eq €20,460
MATTERIALL
BE 0776.390.869
Leuven · Eq €20,376
AMIANTO
BE 0859.611.228
Aartselaar · Eq €21,605
Aetech Medical
BE 1027.053.519
Anderlecht · Eq €20,001
Dokter Katrien Scheers huisarts
BE 0712.585.952
Keerbergen · Eq €20,000
Of 1,177 companies in sector 72109 we hold annual accounts for 716. 261 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
Founded06-10-2022
Fiscal year end31-12
Activities, NACEBEL 2025
72109Other research and development on natural sciences
Scores and ratios are computed by Checked and are not a credit decision.