GROBO
ActiveSummary
GROBO has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €213k and a net result of €-547. Equity is growing by ~25.4% per year across the filed fiscal years. Its solvency ranks better than 77% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability69▼-17
Solvency96▲+9
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 3.72 against 2.75 in 2023; short-term debt: 21.7% and cash: 74% of total assets), and 29.3% 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 · 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
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 2024Solvency, return and age of the figures
Solvency
70.7%
Return on assets
-0.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-10-2025, 78 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
78 d late
2023
69 d late
2022
61 d late
2021
31 d late
2020
87 d late
2019
83 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€213k▼ 0.3%
2023 · €213k
Total assets
€301k▼ 12.1%
2023 · €342k
Net result
€-547
2023 · €46k
Working capital
€178k▲ 5.2%
2023 · €169k
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
Line20202021202220232024
Operating result€3k▼ 88.3%€66k▲ 1,957%€23k▼ 65.6%€64k▲ 183%€3k▼ 95.4%
Net result€2k▼ 92.7%€65k▲ 3,584%€16k▼ 74.7%€46k▲ 181%€-547
Equity€87k▲ 2.1%€151k▲ 74.5%€168k▲ 10.8%€213k▲ 27.4%€213k▼ 0.3%
Total assets€159k▲ 23.0%€175k▲ 10.6%€202k▲ 15.3%€342k▲ 69.3%€301k▼ 12.1%
Debt€72k▲ 63.4%€24k▼ 66.3%€35k▲ 43.1%€129k▲ 271%€88k▼ 31.7%
Working capital€2k€67k▲ 3,688%€83k▲ 25.0%€169k▲ 103%€178k▲ 5.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 95% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €301k
Fixed assets
€58k ▼ 25.0%
Current assets
€243k ▼ 8.4%
Equity and liabilities €301k
Equity
€213k ▼ 0.3%
Debt
€88k ▼ 31.7%
Debt's share of the balance-sheet total falls from 37.7% to 29.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€22k▼
2023 · €80k
Cash flow
€19k▼
2023 · €62k
Current ratio
3.72▲
2023 · 2.75
Quick ratio
3.47▲
2023 · 2.74
Debt to equity
0.41▼
2023 · 0.60
ROE
-0.3%▼
2023 · 21.5%
ROA
-0.2%▼
2023 · 13.4%
Interest coverage
11.67▼
2023 · 39.40
Debt ≤ 1 year
€65k▼
2023 · €96k
Debt > 1 year
€23k▼
2023 · €33k
Income taxes
€2k▼
2023 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €70k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €333 | €333 | €333 | €16k | €19k | ▲ 19.1% |
| Other operating charges640/8 | - | €2k | €2k | €10k | €2k | ▼ 78.1% |
| Gross operating margin9900 | €5k | €68k | €25k | €90k | €24k | ▼ 73.0% |
| Operating profit (loss)9901 | €3k | €66k | €23k | €64k | €3k | ▼ 95.4% |
| Financial income75/76B | - | - | €0 | €5 | €70 | ▲ 1,300% |
| Recurring financial income75 | €0 | - | €0 | €5 | €70 | ▲ 1,300% |
| Financial charges65/66B | - | €985 | €2k | €2k | €2k | ▼ 6.9% |
| Recurring financial charges65 | €955 | €985 | €2k | €2k | €2k | ▼ 6.9% |
| Profit (loss) for the period before taxes9903 | €2k | €65k | €21k | €62k | €1k | ▼ 98.2% |
| Income taxes67/77 | €505 | €528 | €5k | €16k | €2k | ▼ 89.9% |
| Profit (loss) for the period9904 | €2k | €65k | €16k | €46k | €-547 | ▼ 101% |
| Profit (loss) for the period to be appropriated9905 | €2k | €65k | €16k | €46k | €-547 | ▼ 101% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €159k | €175k | €202k | €342k | €301k | ▼ 12.1% |
| Fixed assets21/28 | €85k | €85k | €84k | €77k | €58k | ▼ 25.0% |
| Tangible fixed assets22/27 | €85k | €85k | €84k | €77k | €58k | ▼ 25.0% |
| Land and buildings22 | - | €85k | €84k | - | - | - |
| Furniture and vehicles24 | - | - | - | €77k | €58k | ▼ 25.0% |
| Current assets29/58 | €74k | €91k | €118k | €266k | €243k | ▼ 8.4% |
| Stocks and contracts in progress3 | €12k | €7k | €5k | €2k | €16k | ▲ 958% |
| Stocks30/36 | - | €7k | €5k | €2k | €16k | ▲ 958% |
| Amounts receivable within one year40/41 | €44k | €22k | €39k | €28k | €5k | ▼ 82.9% |
| Trade receivables40 | - | €22k | €38k | €28k | €3k | ▼ 89.4% |
| Other amounts receivable41 | - | €771 | €648 | - | €2k | - |
| Cash at bank and in hand54/58 | €17k | €62k | €75k | €236k | €223k | ▼ 5.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €159k | €175k | €202k | €342k | €301k | ▼ 12.1% |
| Equity10/15 | €87k | €151k | €168k | €213k | €213k | ▼ 0.3% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €68k | €132k | €149k | €194k | €194k | ▼ 0.3% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €130k | €147k | €193k | €192k | ▼ 0.3% |
| Amounts payable17/49 | €72k | €24k | €35k | €129k | €88k | ▼ 31.7% |
| Amounts payable after more than one year17 | - | - | - | €33k | €23k | ▼ 30.5% |
| Financial debts170/4 | - | - | - | €33k | €23k | ▼ 30.5% |
| Amounts payable within one year42/48 | €72k | €24k | €35k | €96k | €65k | ▼ 32.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €10k | €10k | ▲ 3.4% |
| Trade debts44 | €55k | €10k | €20k | €51k | €29k | ▼ 42.5% |
| Suppliers440/4 | - | €10k | €20k | €51k | €29k | ▼ 42.5% |
| Taxes, remuneration and social security45 | - | €3k | €6k | €27k | €20k | ▼ 25.0% |
| Taxes450/3 | - | €3k | €6k | €27k | €20k | ▼ 25.0% |
| Other amounts payable47/48 | - | €12k | €9k | €9k | €6k | ▼ 32.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €65k | €16k | €46k | €-547 | ▼ 101% |
| + Depreciation and write-downs630 | €333 | €333 | €333 | €16k | €19k | ▲ 19.1% |
| Operating cash flow (approximation) | €2k | €65k | €17k | €62k | €19k | ▼ 69.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-9k | €0 | ▲ 100% |
| Change in cash | - | €45k | €13k | €161k | €-13k | ▼ 108% |
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
2025
17-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 78 days late
2024
31-12
Financial
Weakest financial yearnet €-547
Net result drops to €-547, the lowest in the series.
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 69 days late
2023
31-12
Financial
Equity above €200kEq €213k ▲27.4%
6 profitable years in a row build equity to €213k.
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €65k ▲3,584%
Operating result €66k, net result €65k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 3.74
Current ratio from 1.02 to 3.74; short-term debt falls from €72k to €24k.
31-12
Financial
Equity above €150kEq €151k ▲74.5%
4 profitable years in a row build equity to €151k.
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
2020
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 83 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
Show earlier events
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 57 days late
2016
24-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 55 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Grobbendonk · 1 establishment unit since 2000
Ground area
1,721 m²
Building footprint
320 m²
Volume, LiDAR
3,552 m³
2 parcels, Flanders · tallest building 20.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
GROBO BVBA
since 20002.101.952.782
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13010D0235/00Z009 | Flanders | 900 m² | 1 · 177 m² | 20.9 m · 5 fl. |
| 13010D0235/00X009 | Flanders | 821 m² | 1 · 143 m² | 10.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
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WOOD BLASTER
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TRAPPENMAKERIJ VAN RAEMDONCK RUDI
BE 0477.759.543
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UNEIK
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Of 20,028 companies in sector 43320 we hold annual accounts for 9,135. 7,340 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 (pre-2019)
Founded19-10-1999
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43332Laying of wooden floor and wall coverings
Scores and ratios are computed by Checked and are not a credit decision.