GROEI
ActiveSummary
The annual accounts of GROEI for fiscal year 2025 show a net loss of 67% of the equity at the start of that year. The 2025 annual accounts show equity of €19,765 and a net result of -€41,019. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 17% of 32023 sector peers (fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-77
Solvency35▼-21
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.14 against 1.63 in 2024; short-term debt: 76.9% and cash: 0.5% of total assets), and 89.8% of the assets are financed with debt.
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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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
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
10.2%
Return on assets
-21.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 32023 sector peers (2025).
NBB · sector comparisonPosition among 32023 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
142 d early
2023
7 d early
2022
143 d early
2021
81 d early
2020
87 d early
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 57 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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. Usually files around 11 May (4 of the last 5 filed years within 75 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€19,765▼ 67.5%
2024 · €60,784
Total assets
€194,309▼ 0.4%
2024 · €195,155
Net result
-€41,019
2024 · €12,391
Working capital
€20,719▼ 67.2%
2024 · €63,231
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€28,180€24,104▼ 14.5%€18,923▼ 21.5%€23,163▲ 22.4%-€36,884
Net result€21,359within the sector's middle half€14,596within the sector's middle half▼ 31.7%€9,922within the sector's middle half▼ 32.0%€12,391within the sector's middle half▲ 24.9%-€41,019below the sector's middle half
Equity€55,178within the sector's middle half▲ 63.2%€69,774within the sector's middle half▲ 26.5%€79,696within the sector's middle half▲ 14.2%€60,784within the sector's middle half▼ 23.7%€19,765below the sector's middle half▼ 67.5%
Total assets€166,438within the sector's middle half▲ 4.7%€163,423within the sector's middle half▼ 1.8%€170,316within the sector's middle half▲ 4.2%€195,155within the sector's middle half▲ 14.6%€194,309within the sector's middle half▼ 0.4%
Debt€111,260▼ 11.1%€93,649▼ 15.8%€90,620▼ 3.2%€134,371▲ 48.3%€174,545▲ 29.9%
Working capital€54,427within the sector's middle half▲ 63.4%€65,901within the sector's middle half▲ 21.1%€73,426within the sector's middle half▲ 11.4%€63,231within the sector's middle half▼ 13.9%€20,719within the sector's middle half▼ 67.2%
Solvency33.2%within the sector's middle half▲ 11.9pp42.7%within the sector's middle half▲ 9.5pp46.8%within the sector's middle half▲ 4.1pp31.1%within the sector's middle half▼ 15.6pp10.2%below the sector's middle half▼ 21.0pp
Current ratio1.82within the sector's middle half▲ 0.372.22within the sector's middle half▲ 0.402.32within the sector's middle half▲ 0.101.63within the sector's middle half▼ 0.691.14within the sector's middle half▼ 0.49
Return on assets (ROA)12.8%within the sector's middle half▲ 17.8pp8.9%within the sector's middle half▼ 3.9pp5.8%within the sector's middle half▼ 3.1pp6.3%within the sector's middle half▲ 0.5pp-21.1%below the sector's middle half▼ 27.5pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €36,884 after €23,163 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €194,309
Fixed assets
€24,181 ▼ 21.5%
Current assets
€170,128 ▲ 3.5%
Equity and liabilities €194,309
Equity
€19,765 ▼ 67.5%
Debt
€174,545 ▲ 29.9%
Debt's share of the balance-sheet total rises from 68.9% to 89.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€26,554▼
2024 · €33,614
Cash flow
-€30,689▼
2024 · €22,842
Debt to equity
8.83▲
2024 · 2.21
ROE
-207.5%▼
2024 · 20.4%
Interest coverage
-6.74▼
2024 · 7.54
Debt ≤ 1 year
€149,409▲
2024 · €101,134
Debt > 1 year
€19,891▼
2024 · €25,153
Income taxes
€199▼
2024 · €6,316
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,294 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
6.0%
stopped otherwise
90%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 1,294 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,468 | €12,676 | €14,187 | €10,451 | €10,330 | ▼ 1.2% |
| Other operating charges640/8 | €468 | €1,059 | €859 | €906 | €1,062 | ▲ 17.3% |
| Gross operating margin9900 | €38,116 | €37,839 | €33,969 | €34,520 | -€25,492 | ▼ 174% |
| Operating profit (loss)9901 | €28,180 | €24,104 | €18,923 | €23,163 | -€36,884 | ▼ 259% |
| Financial income75/76B | - | €0 | €0 | €0 | €2 | ▲ 377% |
| Recurring financial income75 | - | €0 | €0 | €0 | €2 | ▲ 377% |
| Financial charges65/66B | €1,743 | €2,795 | €3,383 | €4,457 | €3,938 | ▼ 11.6% |
| Recurring financial charges65 | €1,743 | €2,795 | €3,383 | €4,457 | €3,938 | ▼ 11.6% |
| Profit (loss) for the period before taxes9903 | €26,437 | €21,310 | €15,540 | €18,707 | -€40,820 | ▼ 318% |
| Income taxes67/77 | €5,079 | €6,714 | €5,618 | €6,316 | €199 | ▼ 96.8% |
| Profit (loss) for the period9904 | €21,359 | €14,596 | €9,922 | €12,391 | -€41,019 | ▼ 431% |
| Profit (loss) for the period to be appropriated9905 | €21,359 | €14,596 | €9,922 | €12,391 | -€41,019 | ▼ 431% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €166,438 | €163,423 | €170,316 | €195,155 | €194,309 | ▼ 0.4% |
| Fixed assets21/28 | €45,245 | €43,485 | €41,241 | €30,790 | €24,181 | ▼ 21.5% |
| Tangible fixed assets22/27 | €45,245 | €43,485 | €41,241 | €30,790 | €24,181 | ▼ 21.5% |
| Furniture and vehicles24 | €6,572 | €8,500 | €3,757 | €1,693 | €3,473 | ▲ 105% |
| Other tangible fixed assets26 | €38,672 | €34,985 | €37,484 | €29,096 | €20,708 | ▼ 28.8% |
| Current assets29/58 | €121,194 | €119,938 | €129,075 | €164,365 | €170,128 | ▲ 3.5% |
| Amounts receivable within one year40/41 | €111,874 | €114,134 | €92,688 | €157,834 | €169,098 | ▲ 7.1% |
| Trade receivables40 | €111,100 | €111,115 | €87,314 | €152,460 | €169,098 | ▲ 10.9% |
| Other amounts receivable41 | €774 | €3,019 | €5,374 | €5,374 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €9,320 | €5,805 | €36,301 | €6,531 | €945 | ▼ 85.5% |
| Deferred charges and accrued income490/1 | - | - | €86 | €0 | €86 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €166,438 | €163,423 | €170,316 | €195,155 | €194,309 | ▼ 0.4% |
| Equity10/15 | €55,178 | €69,774 | €79,696 | €60,784 | €19,765 | ▼ 67.5% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €48,978 | €63,574 | €73,496 | €54,584 | €54,584 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Tax-exempt reserves132 | €7,292 | €7,292 | €7,292 | €7,292 | €7,292 | = |
| Distributable reserves133 | €39,826 | €54,422 | €66,204 | €47,292 | €47,292 | = |
| Profit (loss) carried forward14 | €0 | - | - | €0 | -€41,019 | - |
| Amounts payable17/49 | €111,260 | €93,649 | €90,620 | €134,371 | €174,545 | ▲ 29.9% |
| Amounts payable after more than one year17 | €41,328 | €35,453 | €30,340 | €25,153 | €19,891 | ▼ 20.9% |
| Financial debts170/4 | €41,328 | €35,453 | €30,340 | €25,153 | €19,891 | ▼ 20.9% |
| Amounts payable within one year42/48 | €66,766 | €54,037 | €55,649 | €101,134 | €149,409 | ▲ 47.7% |
| Current portion of amounts payable after more than one year42 | €4,953 | €5,040 | €5,113 | €15,187 | €15,262 | ▲ 0.5% |
| Trade debts44 | €32 | €713 | €1,120 | €661 | €2,843 | ▲ 330% |
| Suppliers440/4 | €32 | €713 | €1,120 | €661 | €2,843 | ▲ 330% |
| Taxes, remuneration and social security45 | €8,910 | €6,032 | €15,932 | €15,166 | €27,607 | ▲ 82.0% |
| Taxes450/3 | €8,910 | €6,032 | €15,932 | €15,166 | €17,107 | ▲ 12.8% |
| Remuneration and social security454/9 | - | - | - | - | €10,500 | - |
| Other amounts payable47/48 | €52,872 | €42,252 | €33,484 | €70,121 | €103,696 | ▲ 47.9% |
| Accrued charges and deferred income492/3 | €3,166 | €4,159 | €4,630 | €8,083 | €5,245 | ▼ 35.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,359 | €14,596 | €9,922 | €12,391 | -€41,019 | ▼ 431% |
| + Depreciation and write-downs630 | €9,468 | €12,676 | €14,187 | €10,451 | €10,330 | ▼ 1.2% |
| Operating cash flow (approximation) | €30,827 | €27,272 | €24,109 | €22,842 | -€30,689 | ▼ 234% |
| Investment in fixed assets (approximation) | - | -€10,916 | -€11,943 | €0 | -€3,721 | - |
| Change in cash | - | -€3,516 | €30,497 | -€29,771 | -€5,586 | ▲ 81.2% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
08-06
State Gazette act
Corporate purpose · Permanent representative
Merger · Shareholding
08-06
State Gazette act
Corporate purpose · Permanent representative
Other statement · Merger
2025
31-12
Financial
Weakest financial yearnet -€41,019
Net result drops to -€41,019, the lowest in the series.
11-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €21,359
Net result €21,359 after one loss-making year.
05-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Aalter · 1 establishment unit since 2007
Ground area
1,544 m²
Building footprint
136 m²
Volume, LiDAR
689 m³
Parcel 44502C0147/00B003, Flanders · tallest building 6.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GROEI
since 20072.166.598.532
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44502C0147/00B003 | Flanders | 1,544 m² | 1 · 136 m² | 6.0 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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Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 30,532 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
Founded20-09-2007
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0892181650
Also
9925:BE0892181650
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.