Turnover
≈ €230,000 estimated
The micro format states no turnover.
GROEF
Lifetime
2 annual accounts with figures on one time axispeak €37,790 (2025)
€37,790▲ 367%
peak €19,059 (2025)
€19,059▲ 12×
peak €45,641 (2025)
€45,641▲ 71.7%
€77,811▼ 16.4%
Board2 names since 2023
2 directors and 1 other
Documentsfilings and deeds
13-01-202618 days before the deadline
2025micro format
Gross margin from €8,094 to €37,790Result from €1,582 to €19,059Equity from €26,582 to €45,641Debts from €93,111 to €77,811
Key points
from the 2025 annual accountsStarting capital
€25,000 25,000 shares
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as GROEF has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for GROEF. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Director,
Director,
- 12,500 sharesdeed of 28-12-2023
- 12,500 sharesdeed of 28-12-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1003856463
Incorporation
Founding capital of €25,000, 25,000 shares · Founders: and · Appointments: (director) and (director) · published on 28-12-2023 · Gazette deed
First establishment
Westkapellesteenweg 26, Damme
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GROEF Damme | €123,452 | €37,790 | 37.0% | - |
| Interior Factory Waregem | €116,164 | €30,827 | -4.1% | - |
| Képr Staden | €144,743 | €43,704 | 49.1% | - |
| ENDLESS DOORS Kortrijk | €150,044 | €34,719 | 9.4% | 0.1 |
| FIRE COMPARTMENT SERVICES Harelbeke | €150,576 | €38,487 | -14.9% | - |
| Snyders Interieurbouw Oudsbergen | €125,936 | €34,936 | 71.7% | - |
| BC WOOD Denderleeuw | €125,085 | €34,412 | 19.6% | - |
These companies have the same main activity as GROEF: joinery installation (NACE 43320). They are comparable in size and age: total assets between €116,000 and €151,000, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 22-12-2023Normal situation
- Activity
- Joinery installationNACE 43320
- Establishment unit
- 2.353.877.5218340 Damme, since 22-12-2023
- Financial year end
- 30 June
- Peppol
- Reachable since 21-12-2025
Annual accounts to 30-06-2025
- €123,452▲ 3.1%
- Filing
- Filed on 13-01-2026, 18 days before the end of the filing period
Insights on GROEF
The 2025 annual accounts show equity of €45,641 and a net result of €19,059. Its solvency ranks better than 39% of 35,156 sector peers (NACE 43, financial year 2025).
The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GROEF
- What is the company number of GROEF?
- The company number of GROEF is 1003.856.463. The VAT number is the same number with BE in front: BE 1003.856.463.
- Where is GROEF based?
- The registered office is at Westkapellesteenweg 26, 8340 Damme.Company details
- What does GROEF do?
- According to the KBO register, the main activity is joinery installation (NACE 43320).
- What is the legal form of GROEF?
- GROEF is a private limited company (BV).
- When was GROEF founded?
- GROEF was founded on 22-12-2023.
- Is GROEF still active?
- Yes, GROEF is an active enterprise in the KBO register.
- What is the turnover of GROEF?
- The turnover in financial year 2025 is ≈ €230,000. This figure is estimated from the gross margin of €37,790 and 32 comparable companies (NACE 43320). It probably lies between €170,000 and €390,000.Financials
- Is GROEF profitable?
- In financial year 2025, GROEF made a profit of €19,059.
- Where can I find the annual accounts of GROEF?
- GROEF filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GROEF due?
- GROEF must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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