GROBO
ActiveSummary
GROBO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.01M and a net result of €-98k. Equity is shrinking by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 73% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability15▼-1
Solvency87=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 8.74 against 9.0 in 2024; short-term debt: 10.9% and cash: 0.4% of total assets), and 38.3% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
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
61.7%
Return on assets
-3%
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
1819202122232425
2018 to 2025 · latest year €-98k
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
17 d late
2024
17 d early
2023
120 d early
2022
14 d early
2021
16 d late
2020
23 d early
2019
75 d late
← 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
€2.01M▼ 4.6%
2024 · €2.11M
2018: €2.64Mhighest in 8 years
2019: €2.50M▼ -5.1% vs 2018
2020: €2.43M▼ -2.8% vs 2019
2021: €2.32M▼ -4.6% vs 2020
2022: €2.22M▼ -4.6% vs 2021
2023: €2.18M▼ -1.8% vs 2022
2024: €2.11M▼ -3.0% vs 2023
2025: €2.01M▼ -4.6% vs 2024lowest in 8 years
2018 → 2025
Total assets
€3.27M▼ 4.1%
2024 · €3.41M
2018: €4.41Mhighest in 8 years
2019: €4.29M▼ -2.8% vs 2018
2020: €4.08M▼ -4.9% vs 2019
2021: €3.97M▼ -2.7% vs 2020
2022: €3.84M▼ -3.1% vs 2021
2023: €3.43M▼ -10.8% vs 2022
2024: €3.41M▼ -0.6% vs 2023
2025: €3.27M▼ -4.1% vs 2024lowest in 8 years
2018 → 2025
Net result
€-98k▼ 51.2%
2024 · €-65k
2018: €-108k
2019: €-133k▼ -23.2% vs 2018lowest in 8 years
2020: €-69k▲ +48.1% vs 2019
2021: €-112k▼ -61.9% vs 2020
2022: €-106k▲ +5.6% vs 2021
2023: €-39k▲ +62.8% vs 2022highest in 8 years
2024: €-65k▼ -64.6% vs 2023
2025: €-98k▼ -51.2% vs 2024
2018 → 2025
Working capital
€2.76M▼ 4.2%
2024 · €2.88M
2018: €3.81Mhighest in 8 years
2019: €3.74M▼ -1.9% vs 2018
2020: €3.55M▼ -5.1% vs 2019
2021: €3.44M▼ -3.3% vs 2020
2022: €3.34M▼ -2.8% vs 2021
2023: €2.94M▼ -11.8% vs 2022
2024: €2.88M▼ -2.1% vs 2023
2025: €2.76M▼ -4.2% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.32M-€2.22M▼ 4.6%€2.18M▼ 1.8%€2.11M▼ 3.0%€2.01M▼ 4.6%
2021: €2.32Mhighest in 5 years
2022: €2.22M▼ -4.6% vs 2021
2023: €2.18M▼ -1.8% vs 2022
2024: €2.11M▼ -3.0% vs 2023
2025: €2.01M▼ -4.6% vs 2024lowest in 5 years
Operating result€-79k-€-91k▼ 15.3%€-9k▲ 90.6%€-87k▼ 914%€-92k▼ 6.0%
2021: €-79k
2022: €-91k▼ -15.3% vs 2021
2023: €-9k▲ +90.6% vs 2022highest in 5 years
2024: €-87k▼ -914% vs 2023
2025: €-92k▼ -6.0% vs 2024lowest in 5 years
Net result€-112k-€-106k▲ 5.6%€-39k▲ 62.8%€-65k▼ 64.6%€-98k▼ 51.2%
2021: €-112klowest in 5 years
2022: €-106k▲ +5.6% vs 2021
2023: €-39k▲ +62.8% vs 2022highest in 5 years
2024: €-65k▼ -64.6% vs 2023
2025: €-98k▼ -51.2% vs 2024
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 €92k in 2025 against €87k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.27M
Fixed assets
€150k ▼ 7.9%
Current assets
€3.12M ▼ 3.9%
Equity and liabilities €3.27M
Equity
€2.01M ▼ 4.6%
Debt
€1.25M ▼ 3.2%
Debt's share of the balance-sheet total rises from 38.0% to 38.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-80k▼
2024 · €-77k
Cash flow
€-85k▼
2024 · €-54k
Current ratio
8.74▼
2024 · 9.00
Quick ratio
3.61▼
2024 · 3.91
Debt to equity
0.62▲
2024 · 0.61
ROE
-4.9%▼
2024 · -3.1%
ROA
-3.0%▼
2024 · -1.9%
Interest coverage
-1.99▼
2024 · -0.97
Debt ≤ 1 year
€356k▼
2024 · €360k
Debt > 1 year
€896k▼
2024 · €907k
Income taxes
€157
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 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.41M€3.27M▼
Fixed assets21/28€163k€150k▼
Tangible fixed assets22/27€51k€38k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€49k€36k▼
Financial fixed assets28€113k€113k=
Current assets29/58€3.24M€3.12M▼
Stocks and contracts in progress3€1.83M€1.83M▼
Stocks30/36€1.83M€1.83M▼
Amounts receivable within one year40/41€855k€818k▼
Trade receivables40€5k€25▼
Other amounts receivable41€850k€818k▼
Current investments50/53€389k€453k▲
Cash at bank and in hand54/58€165k€13k▼
Deferred charges and accrued income490/1€286€2k▲
Equity and liabilities
Total equity and liabilities10/49€3.41M€3.27M▼
Equity10/15€2.11M€2.01M▼
Contributions10/11€2.28M€2.28M=
Reserves13€496k€496k=
Distributable reserves133€496k€496k=
Profit (loss) carried forward14€-664k€-762k▼
Amounts payable17/49€1.29M€1.25M▼
Amounts payable after more than one year17€907k€896k▼
Financial debts170/4€907k€896k▼
Amounts payable within one year42/48€360k€356k▼
Current portion of amounts payable after more than one year42€11k€12k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€1k€4k▲
Suppliers440/4€1k€4k▲
Advances received on contracts in progress46€4k€0▼
Taxes, remuneration and social security45€12k€659▼
Taxes450/3€10k€659▼
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€332k€341k▲
Accrued charges and deferred income492/3€26k€0▼
Income statement
Code20242025
Non-recurring operating income76A€3k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€13k▲
Other operating charges640/8€9k€3k▼
Gross operating margin9900€-67k€-76k▼
Operating profit (loss)9901€-87k€-92k▼
Financial income75/76B€102k€35k▼
Recurring financial income75€102k€35k▼
Financial charges65/66B€79k€40k▼
Recurring financial charges65€79k€40k▼
Profit (loss) for the period before taxes9903€-65k€-98k▼
Income taxes67/77-€157
Profit (loss) for the period9904€-65k€-98k▼
Profit (loss) for the period to be appropriated9905€-65k€-98k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-664k€-762k▼
Profit (loss) brought forward from the previous period14P€-599k€-664k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €3k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1k | €2k | €11k | €13k | ▲ 21.3% |
| Other operating charges640/8 | €17k | €6k | €31k | €9k | €3k | ▼ 67.0% |
| Gross operating margin9900 | €-62k | €-84k | €25k | €-67k | €-76k | ▼ 13.6% |
| Operating profit (loss)9901 | €-79k | €-91k | €-9k | €-87k | €-92k | ▼ 6.0% |
| Financial income75/76B | €5k | €27k | €38k | €102k | €35k | ▼ 65.9% |
| Recurring financial income75 | €5k | €27k | €38k | €102k | €35k | ▼ 65.9% |
| Financial charges65/66B | €38k | €41k | €69k | €79k | €40k | ▼ 49.4% |
| Recurring financial charges65 | €38k | €41k | €69k | €79k | €40k | ▼ 49.4% |
| Profit (loss) for the period before taxes9903 | €-112k | €-106k | €-39k | €-65k | €-98k | ▼ 51.0% |
| Income taxes67/77 | - | - | - | - | €157 | - |
| Profit (loss) for the period9904 | €-112k | €-106k | €-39k | €-65k | €-98k | ▼ 51.2% |
| Transfer from tax-exempt reserves789 | €19k | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €-93k | €-106k | €-39k | €-65k | €-98k | ▼ 51.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.97M | €3.84M | €3.43M | €3.41M | €3.27M | ▼ 4.1% |
| Fixed assets21/28 | €123k | €131k | €119k | €163k | €150k | ▼ 7.9% |
| Tangible fixed assets22/27 | - | €8k | €6k | €51k | €38k | ▼ 25.3% |
| Plant, machinery and equipment23 | - | - | - | €2k | €1k | ▼ 23.2% |
| Furniture and vehicles24 | - | €8k | €6k | €49k | €36k | ▼ 25.4% |
| Financial fixed assets28 | €123k | €123k | €113k | €113k | €113k | = |
| Current assets29/58 | €3.84M | €3.71M | €3.31M | €3.24M | €3.12M | ▼ 3.9% |
| Stocks and contracts in progress3 | €2.11M | €2.11M | €1.87M | €1.83M | €1.83M | ▼ 0.1% |
| Stocks30/36 | €2.11M | €2.11M | €1.87M | €1.83M | €1.83M | ▼ 0.1% |
| Amounts receivable within one year40/41 | €833k | €859k | €931k | €855k | €818k | ▼ 4.3% |
| Trade receivables40 | €6k | €0 | €91k | €5k | €25 | ▼ 99.5% |
| Other amounts receivable41 | €827k | €859k | €840k | €850k | €818k | ▼ 3.8% |
| Current investments50/53 | €302k | €341k | €380k | €389k | €453k | ▲ 16.5% |
| Cash at bank and in hand54/58 | €521k | €401k | €127k | €165k | €13k | ▼ 91.9% |
| Deferred charges and accrued income490/1 | €75k | €0 | - | €286 | €2k | ▲ 456% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.97M | €3.84M | €3.43M | €3.41M | €3.27M | ▼ 4.1% |
| Equity10/15 | €2.32M | €2.22M | €2.18M | €2.11M | €2.01M | ▼ 4.6% |
| Contributions10/11 | €2.28M | €2.28M | €2.28M | €2.28M | €2.28M | = |
| Reserves13 | €496k | €496k | €496k | €496k | €496k | = |
| Non-distributable reserves130/1 | €20k | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €20k | €0 | - | - | - | - |
| Distributable reserves133 | €476k | €496k | €496k | €496k | €496k | = |
| Profit (loss) carried forward14 | €-454k | €-560k | €-599k | €-664k | €-762k | ▼ 14.7% |
| Amounts payable17/49 | €1.64M | €1.63M | €1.25M | €1.29M | €1.25M | ▼ 3.2% |
| Amounts payable after more than one year17 | €1.24M | €1.24M | €868k | €907k | €896k | ▼ 1.2% |
| Financial debts170/4 | €1.24M | €1.24M | €868k | €907k | €896k | ▼ 1.2% |
| Amounts payable within one year42/48 | €405k | €373k | €364k | €360k | €356k | ▼ 1.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €11k | €12k | ▲ 3.7% |
| Financial debts43 | - | €7k | €7k | €0 | - | - |
| Credit institutions430/8 | - | €7k | €7k | €0 | - | - |
| Trade debts44 | €6k | €2k | €4k | €1k | €4k | ▲ 151% |
| Suppliers440/4 | €6k | €2k | €4k | €1k | €4k | ▲ 151% |
| Advances received on contracts in progress46 | - | - | - | €4k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €10k | €442 | €5k | €12k | €659 | ▼ 94.5% |
| Taxes450/3 | €10k | €442 | €4k | €10k | €659 | ▼ 93.4% |
| Remuneration and social security454/9 | - | - | €1k | €2k | €0 | ▼ 100% |
| Other amounts payable47/48 | €389k | €364k | €347k | €332k | €341k | ▲ 2.6% |
| Accrued charges and deferred income492/3 | - | €15k | €19k | €26k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-112k | €-106k | €-39k | €-65k | €-98k | ▼ 51.2% |
| + Depreciation and write-downs630 | - | €1k | €2k | €11k | €13k | ▲ 21.3% |
| Operating cash flow (approximation) | €-112k | €-105k | €-38k | €-54k | €-85k | ▼ 57.1% |
| Investment in fixed assets (approximation) | - | €-8k | €10k | €-55k | €0 | ▲ 100% |
| Change in cash | - | €-120k | €-274k | €38k | €-152k | ▼ 500% |
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
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 16 days late
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 75 days late
2019
31-12
Financial
Weakest financial yearnet €-133k
Net result drops to €-133k, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 13 days late
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Gent · 1 establishment unit since 2002
Ground area
251 m²
Building footprint
251 m²
Volume, LiDAR
4,736 m³
2 parcels, Flanders · tallest building 23.9 m, ±8 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Ketelvest 2B, 9000 Gent
since 20022.101.608.334
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44806F0423/00V002 | Flanders | 177 m² | 1 · 177 m² | 23.9 m · 8 fl. |
| 44805E1138/00_000 ProtectedTownscape or village viewKetelpoort, Tavernierstraat, Tiebaertsteeg, Nederkouter en SavaanstraatSource ↗ |
Flanders | 74 m² | 1 · 74 m² | 13.7 m · 4 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.
2 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,384. 2,659 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
Founded05-02-2002
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68310Real estate agency activities
68322Real estate appraisal on a fee or contract basis
81100Combined facilities support activities
Scores and ratios are computed by Checked and are not a credit decision.