GROENINCKX
ActiveSummary
GROENINCKX has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €85k and a net result of €-36k. Equity is growing by ~16.6% per year across the filed fiscal years. Its solvency ranks better than 79% of 1851 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-30
Solvency93▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 4.04 against 3.89 in 2024; short-term debt: 19.1% and cash: 30.9% of total assets), and 32.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 49
Relative position
BE, all sectors
reference
Sector 49
higher
← 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
67.7%
Return on assets
-29%
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 €-36k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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
18 d late
2024
30 d early
2023
on the day
2022
7 d late
2021
67 d early
2020
3 d early
2019
21 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€85k▼ 30.0%
2024 · €121k
2018: €33k
2019: €55k
2020: €64k
2021: €96k
2022: €111k
2023: €137k
2024: €121k
2018 → 2025
Total assets
€125k▼ 33.7%
2024 · €189k
2018: €160k
2019: €238k
2020: €159k
2021: €279k
2022: €268k
2023: €253k
2024: €189k
2018 → 2025
Net result
€-36k▼ 219%
2024 · €-11k
2018: €4k
2019: €32k
2020: €9k
2021: €42k
2022: €16k
2023: €26k
2024: €-11k
2018 → 2025
Working capital
€73k▼ 38.7%
2024 · €119k
2018: €16k
2019: €33k
2020: €57k
2021: €63k
2022: €67k
2023: €105k
2024: €119k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€96k-€111k▲ 16.4%€137k▲ 23.4%€121k▼ 11.9%€85k▼ 30.0%
Operating result€54k-€26k▼ 51.6%€41k▲ 56.1%€-9k€-34k▼ 284%
Net result€42k-€16k▼ 62.6%€26k▲ 66.3%€-11k€-36k▼ 219%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €34k in 2025 against €9k 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 €125k
Fixed assets
€28k ▼ 1.9%
Current assets
€97k ▼ 39.5%
Equity and liabilities €125k
Equity
€85k ▼ 30.0%
Debt
€40k ▼ 40.3%
The debt ratio falls from 35.9% to 32.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-18k▼
2024 · €6k
Cash flow
€-20k▼
2024 · €3k
Current ratio
4.04▲
2024 · 3.89
Debt / equity
0.48▼
2024 · 0.56
ROE
-42.9%▼
2024 · -9.4%
ROA
-29.0%▼
2024 · -6.0%
Interest coverage
-7.96▼
2024 · 2.26
Debt ≤ 1 year
€24k▼
2024 · €41k
Debt > 1 year
€17k▼
2024 · €27k
Income taxes
€209▲
2024 · €201
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€189k€125k▼
Fixed assets21/28€29k€28k▼
Tangible fixed assets22/27€28k€28k▼
Plant, machinery and equipment23€22k€16k▼
Furniture and vehicles24€7k€11k▲
Financial fixed assets28€907€907=
Current assets29/58€160k€97k▼
Amounts receivable within one year40/41€82k€37k▼
Trade receivables40€72k€27k▼
Other amounts receivable41€10k€10k▼
Cash at bank and in hand54/58€75k€39k▼
Deferred charges and accrued income490/1€3k€21k▲
Equity and liabilities
Total equity and liabilities10/49€189k€125k▼
Equity10/15€121k€85k▼
Contributions10/11€31k€31k=
Reserves13€75k€75k=
Distributable reserves133€75k€75k=
Profit (loss) carried forward14€15k€-21k▼
Amounts payable17/49€68k€40k▼
Amounts payable after more than one year17€27k€17k▼
Financial debts170/4€27k€17k▼
Amounts payable within one year42/48€41k€24k▼
Current portion of amounts payable after more than one year42€17k€10k▼
Trade debts44€5k€5k▼
Suppliers440/4€5k€5k▼
Taxes, remuneration and social security45€9k€2k▼
Taxes450/3€9k€2k▼
Other amounts payable47/48€9k€7k▼
Income statement
Code20242025
Non-recurring operating income76A€36k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€17k▲
Other operating charges640/8€6k€2k▼
Gross operating margin9900€12k€-16k▼
Operating profit (loss)9901€-9k€-34k▼
Financial income75/76B€185€98▼
Recurring financial income75€185€98▼
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€-11k€-36k▼
Income taxes67/77€201€209▲
Profit (loss) for the period9904€-11k€-36k▼
Profit (loss) for the period to be appropriated9905€-11k€-36k▼
Appropriation of the result
Profit (loss) to be appropriated9906€15k€-21k▼
Profit (loss) brought forward from the previous period14P€27k€15k▼
Transfer from equity791/2€5k-
Profit to be distributed694/7€5k-
Return on contributions (dividend)694€5k-
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 18 days late
2025
31-12
Financial
Weakest financial yearnet €-36k
Net result drops to €-36k, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 7 days late
2022
31-12
Financial
Equity above €100kEq €111k ▲16.4%
5 profitable years in a row build equity to €111k.
25-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €42k ▲387%
Operating result €54k, net result €42k, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 21 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 2 days late
2017
31-07
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.
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, Steenokkerzeel · 1 establishment unit since 1994
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Roekensstraat 311820 SteenokkerzeelGround area
610 m²
Building footprint
129 m²
Volume, LiDAR
821 m³
Parcel 23051C0117/00W002, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GROENINCKX BVBA
since 19942.066.415.348
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23051C0117/00W002 | Flanders | 610 m² | 1 · 129 m² | 10.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 632 EUR awarded · 632 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 516 EUR | 516 EUR |
| 2024 | 1 | 0 EUR | 56 EUR |
| 2023 | 1 | 56 EUR | 0 EUR |
| 2022 | 1 | 60 EUR | 60 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,604 companies in sector 49410 we hold annual accounts for 8,202. 6,308 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-03-1994
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
50200
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.