GROENHOVE
ActiveSummary
GROENHOVE has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€397,702) and a net result of -€86,420. Equity is shrinking by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 1078 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Overview
What they do
Combined facilities support activities
NACE 81100NACE 70321
1 site
How big
€381,386total assets 2024
- Staff
- 1 FTE
- Equity
- -€397,702
- Loss
- -€86,420
Turnover not published (abridged schema)
Who decides
Accounts 62 d overdue0 of 5 deeds read
Why 25- Annual accounts: weaker financial profile- Higher-failure-rate sector- Negative equity+ Long track record+ Lower-risk legal formFiled after the deadlineShow the evidence
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.02 against 0.1 in 2023; short-term debt: 201.1% and cash: 4.8% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-104.3%
Return on assets
-22.7%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% 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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€397,702
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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
28 d late
2023
96 d late
2022
28 d late
2021
383 d late
2020
143 d late
2019
55 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 122 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · abbreviated…
- Annual accounts filedfiscal year 2023 · abbreviated…
- Weakest financial yearnet -€89,010
Financials
Fiscal year 2024Total assets €381,386Loss -€86,420Solvency -104.3%Liquidity 0.02
Total assets
€381,386▼ 14.4%
2018 - 2024
Net result
-€86,420▲ 2.9%
2018 - 2024
Equity
-€397,702▼ 27.8%
2018 - 2024
Staff (FTE)
1=
2018 - 2024
Financials · fiscal year 2024, abbreviated schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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 81, Services to buildings and landscape 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), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€76,731▲ 12.7%€28,257€82,875▲ 193%-€88,336-€86,048▲ 2.6%
Net result-€76,774below the sector's middle half▲ 11.7%€23,955within the sector's middle half€85,638within the sector's middle half▲ 257%-€89,010below the sector's middle half-€86,420below the sector's middle half▲ 2.9%
Equity-€331,865below the sector's middle half▼ 30.1%-€307,910below the sector's middle half▲ 7.2%-€222,272below the sector's middle half▲ 27.8%-€311,282below the sector's middle half▼ 40.0%-€397,702below the sector's middle half▼ 27.8%
Total assets€426,342within the sector's middle half▼ 7.9%€527,657within the sector's middle half▲ 23.8%€578,450within the sector's middle half▲ 9.6%€445,795within the sector's middle half▼ 22.9%€381,386below the sector's middle half▼ 14.4%
Debt€758,207▲ 5.6%€835,567▲ 10.2%€800,722▼ 4.2%€757,076▼ 5.5%€779,088▲ 2.9%
Working capital-€754,385below the sector's middle half▼ 8.3%-€683,748below the sector's middle half▲ 9.4%-€587,702below the sector's middle half▲ 14.0%-€678,539below the sector's middle half▼ 15.5%-€748,004below the sector's middle half▼ 10.2%
Solvency-77.8%below the sector's middle half▼ 22.7pp-58.4%below the sector's middle half▲ 19.5pp-38.4%below the sector's middle half▲ 19.9pp-69.8%below the sector's middle half▼ 31.4pp-104.3%below the sector's middle half▼ 34.5pp
Current ratio0.01below the sector's middle half▼ 0.020.16below the sector's middle half▲ 0.150.26below the sector's middle half▲ 0.100.10below the sector's middle half▼ 0.160.02below the sector's middle half▼ 0.07
Return on assets (ROA)-18.0%below the sector's middle half▲ 0.8pp4.5%within the sector's middle half▲ 22.5pp14.8%above the sector's middle half▲ 10.3pp-20.0%below the sector's middle half▼ 34.8pp-22.7%below the sector's middle half▼ 2.7pp
Staff (FTE)1below the sector's middle half=1below the sector's middle half=1below the sector's middle half=1below the sector's middle half=1below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €86,048 in 2024 against €88,336 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €381,386
Fixed assets
€362,544 ▼ 2.6%
Current assets
€18,842 ▼ 74.3%
Equity and liabilities
Equity-€397,702
Debt€779,088
Equity is negative: debt (€779,088) exceeds the balance-sheet total (€381,386).
Key figures and ratios
Key figures and ratios
EBITDA
-€76,186▲
2023 · -€77,233
Cash flow
-€76,559▲
2023 · -€77,907
Interest coverage
-204.38▼
2023 · -114.55
Debt ≤ 1 year
€766,846▲
2023 · €751,928
Staff costs
€40,708▲
2023 · €39,813
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,621 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.5%
went bankrupt
10.0%
stopped otherwise
84%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 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 6,621 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.
Filed annual accounts
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €184,927 | €188,196 | €0 | - | - |
| Remuneration, social security and pensions62 | - | €41,633 | €40,420 | €39,813 | €40,708 | ▲ 2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,190 | €17,428 | €12,289 | €11,103 | €9,862 | ▼ 11.2% |
| Other operating charges640/8 | - | €8,223 | €8,015 | €7,863 | €8,106 | ▲ 3.1% |
| Gross operating margin9900 | -€10,198 | €95,541 | €143,600 | -€29,557 | -€27,372 | ▲ 7.4% |
| Operating profit (loss)9901 | -€76,731 | €28,257 | €82,875 | -€88,336 | -€86,048 | ▲ 2.6% |
| Financial income75/76B | - | €713 | €4,017 | €0 | - | - |
| Recurring financial income75 | €0 | €713 | €4,017 | €0 | - | - |
| Financial charges65/66B | - | €5,015 | €1,254 | €674 | €373 | ▼ 44.7% |
| Recurring financial charges65 | €44 | €5,015 | €1,254 | €674 | €373 | ▼ 44.7% |
| Profit (loss) for the period before taxes9903 | -€76,774 | €23,955 | €85,638 | -€89,010 | -€86,420 | ▲ 2.9% |
| Profit (loss) for the period9904 | -€76,774 | €23,955 | €85,638 | -€89,010 | -€86,420 | ▲ 2.9% |
| Profit (loss) for the period to be appropriated9905 | -€76,774 | €23,955 | €85,638 | -€89,010 | -€86,420 | ▲ 2.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €426,342 | €527,657 | €578,450 | €445,795 | €381,386 | ▼ 14.4% |
| Fixed assets21/28 | €422,521 | €402,019 | €372,926 | €372,406 | €362,544 | ▼ 2.6% |
| Tangible fixed assets22/27 | €422,091 | €401,589 | €372,496 | €372,406 | €362,544 | ▼ 2.6% |
| Land and buildings22 | - | €397,778 | €369,320 | €359,677 | €351,620 | ▼ 2.2% |
| Plant, machinery and equipment23 | - | €3,811 | €3,176 | €12,729 | €10,925 | ▼ 14.2% |
| Financial fixed assets28 | €430 | €430 | €430 | €0 | - | - |
| Current assets29/58 | €3,821 | €125,638 | €205,524 | €73,389 | €18,842 | ▼ 74.3% |
| Amounts receivable within one year40/41 | €50 | €142 | €50 | €1,261 | €585 | ▼ 53.6% |
| Trade receivables40 | - | €92 | €0 | €1,261 | €585 | ▼ 53.6% |
| Other amounts receivable41 | - | €50 | €50 | €0 | - | - |
| Cash at bank and in hand54/58 | €2,658 | €125,496 | €201,311 | €69,830 | €18,213 | ▼ 73.9% |
| Deferred charges and accrued income490/1 | - | €0 | €4,163 | €2,298 | €44 | ▼ 98.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €426,342 | €527,657 | €578,450 | €445,795 | €381,386 | ▼ 14.4% |
| Equity10/15 | -€331,865 | -€307,910 | -€222,272 | -€311,282 | -€397,702 | ▼ 27.8% |
| Contributions10/11 | €468,519 | €468,519 | €468,519 | €468,519 | €468,519 | = |
| Capital10 | - | €468,519 | €468,519 | €468,519 | €468,519 | = |
| Issued capital100 | - | €468,519 | €468,519 | €468,519 | €468,519 | = |
| Reserves13 | €3,471 | €3,471 | €3,471 | €3,471 | €3,471 | = |
| Non-distributable reserves130/1 | - | €3,471 | €3,471 | €3,471 | €3,471 | = |
| Legal reserve130 | - | €3,471 | €3,471 | €3,471 | €3,471 | = |
| Profit (loss) carried forward14 | -€803,854 | -€779,899 | -€694,261 | -€783,271 | -€869,691 | ▼ 11.0% |
| Amounts payable17/49 | €758,207 | €835,567 | €800,722 | €757,076 | €779,088 | ▲ 2.9% |
| Amounts payable within one year42/48 | €758,207 | €809,386 | €793,226 | €751,928 | €766,846 | ▲ 2.0% |
| Trade debts44 | €2,174 | €6,261 | €4,974 | €9,742 | €6,378 | ▼ 34.5% |
| Suppliers440/4 | - | €6,261 | €4,974 | €9,742 | €6,378 | ▼ 34.5% |
| Taxes, remuneration and social security45 | - | €4,108 | €4,031 | €3,862 | €4,144 | ▲ 7.3% |
| Taxes450/3 | - | €302 | €251 | €180 | €262 | ▲ 45.2% |
| Remuneration and social security454/9 | - | €3,806 | €3,781 | €3,681 | €3,882 | ▲ 5.5% |
| Other amounts payable47/48 | - | €799,017 | €784,221 | €738,324 | €756,324 | ▲ 2.4% |
| Accrued charges and deferred income492/3 | - | €26,181 | €7,496 | €5,149 | €12,242 | ▲ 138% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€76,774 | €23,955 | €85,638 | -€89,010 | -€86,420 | ▲ 2.9% |
| + Depreciation and write-downs630 | €19,190 | €17,428 | €12,289 | €11,103 | €9,862 | ▼ 11.2% |
| Operating cash flow (approximation) | -€57,584 | €41,383 | €97,927 | -€77,907 | -€76,559 | ▲ 1.7% |
| Investment in fixed assets (approximation) | - | €3,073 | €16,804 | -€10,583 | €0 | ▲ 100% |
| Change in cash | - | €122,837 | €75,815 | -€131,480 | -€51,617 | ▲ 60.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
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Chimay · FTE 1
IMMO VERREYDT
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PRIME RETAIL CONSULTANTS
BE 0453.505.583
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Of 1,276 companies in this sector we hold annual accounts for 677. 111 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Timeline
13 eventsLatest 28-08-2025
History
Acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
04-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 96 days late
2023
31-12
Financial
Weakest financial yearnet -€89,010
Net result drops to -€89,010, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 383 days late
2022
31-12
Financial
Highest result since 2018net €85,638 ▲257%
Operating result €82,875, net result €85,638, both a record.
2021
31-12
Financial
Back to profitnet €23,955
Net result €23,955 after 2 loss-making years.
21-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 143 days late
2020
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 55 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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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Company details
Public limited company · founded 22-05-1986Year ends 31-12Peppol not found1 site
Register details
Identification
Legal formPublic limited company
Founded22-05-1986
Fiscal year end31-12
Activities, NACEBEL 2025
81100Combined facilities support activities
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 1986
Ground area
5,056 m²
Building footprint
222 m²
Volume, LiDAR
5,434 m³
Parcel 31425C0277/00S002, Flanders · tallest building 27.8 m, ±8 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
GROENHOVE
since 1986unit no. 2.235.184.064
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31425C0277/00S002 | Flanders | 5,055 m² | 1 · 222 m² | 27.8 m · 8 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.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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