GROENINGEN
ActiveGROENINGEN has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13.53M and a net result of €471k. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 73% of 4533 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▲+10
Solvency93▲+4
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.1M at 30 days acceptable
Liquidity short (current ratio 0.65 against 0.52 in 2024; short-term debt: 15.6% and cash: 3.1% of total assets), and 31.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 · 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
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
68.3%
Return on assets
2.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
38 d early
2023
34 d early
2022
30 d early
2021
6 d late
2020
33 d early
2019
58 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€471k▲ 493%
2024 · €79k
2018: €-364k
2019: €-419k
2020: €-800k
2021: €-412k
2022: €-252k
2023: €-235k
2024: €79k
2018 → 2025
Working capital
€-1.07M▲ 40.6%
2024 · €-1.80M
2018: €2.12M
2019: €2.18M
2020: €-874k
2021: €-1.79M
2022: €-1.61M
2023: €-1.56M
2024: €-1.80M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€13.47M-€13.21M▼ 1.9%€12.98M▼ 1.8%€13.06M▲ 0.6%€13.53M▲ 3.6%
Operating result€-407k-€-231k▲ 43.2%€410k€404k▼ 1.5%€874k▲ 116%
Net result€-412k-€-252k▲ 38.9%€-235k▲ 6.7%€79k€471k▲ 493%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 116% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19.81M
Fixed assets
€17.78M▼ 3.6%
Current assets
€2.03M▲ 5.4%
Equity and liabilities €19.81M
Equity
€13.53M▲ 3.6%
Provisions
€82k=
Debt
€6.20M▼ 14.2%
The debt ratio falls from 35.5% to 31.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.85M▲
2024 · €1.69M
Cash flow
€1.45M▲
2024 · €1.37M
Solvency
68.3%▲
2024 · 64.1%
Current ratio
0.65▲
2024 · 0.52
Quick ratio
0.65▲
2024 · 0.52
Debt / equity
0.46▼
2024 · 0.55
ROE
3.5%▲
2024 · 0.6%
ROA
2.4%▲
2024 · 0.4%
Interest coverage
6.59▲
2024 · 5.12
Debt
€6.20M▼
2024 · €7.22M
Debt ≤ 1 year
€3.10M▼
2024 · €3.73M
Debt > 1 year
€3.08M▼
2024 · €3.45M
Income taxes
€123k▲
2024 · €-6k
Staff costs
€193k▲
2024 · €181k
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
Balance sheet
Code20242025
Assets
Total assets20/58€20.36M€19.81M▼
Fixed assets21/28€18.44M€17.78M▼
Tangible fixed assets22/27€18.44M€17.78M▼
Land and buildings22€16.31M€15.59M▼
Plant, machinery and equipment23€2.04M€2.10M▲
Furniture and vehicles24€88k€97k▲
Financial fixed assets28€560€560=
Current assets29/58€1.93M€2.03M▲
Amounts receivable after more than one year29€1.27M€1.28M▲
Other amounts receivable291€1.27M€1.28M▲
Amounts receivable within one year40/41€115k€130k▲
Trade receivables40€43k€52k▲
Other amounts receivable41€72k€78k▲
Current investments50/53€4k€4k=
Cash at bank and in hand54/58€300k€618k▲
Deferred charges and accrued income490/1€234k-
Equity and liabilities
Total equity and liabilities10/49€20.36M€19.81M▼
Equity10/15€13.06M€13.53M▲
Contributions10/11€5.60M€5.60M=
Capital10€5.60M€5.60M=
Issued capital100€5.60M€5.60M=
Outside capital11€417€417=
Share premium1100/10€417€417=
Revaluation surpluses12€97k€97k=
Reserves13€4.29M€4.29M=
Non-distributable reserves130/1€193k€193k=
Legal reserve130€189k€189k=
Other1319€4k€4k=
Tax-exempt reserves132€4.03M€4.03M=
Distributable reserves133€66k€66k=
Profit (loss) carried forward14€3.07M€3.54M▲
Provisions and deferred taxes16€82k€82k=
Deferred taxes168€82k€82k=
Amounts payable17/49€7.22M€6.20M▼
Amounts payable after more than one year17€3.45M€3.08M▼
Financial debts170/4€3.45M€3.08M▼
Amounts payable within one year42/48€3.73M€3.10M▼
Current portion of amounts payable after more than one year42€100k€101k▲
Financial debts43€3.40M€2.73M▼
Other loans439€3.40M€2.73M▼
Trade debts44€207k€207k=
Suppliers440/4€207k€207k=
Taxes, remuneration and social security45€21k€66k▲
Taxes450/3€8k€50k▲
Remuneration and social security454/9€14k€17k▲
Accrued charges and deferred income492/3€42k€19k▼
Income statement
Code20242025
Remuneration, social security and pensions62€181k€193k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.29M€976k▼
Other operating charges640/8€95k€300k▲
Gross operating margin9900€1.97M€2.34M▲
Operating profit (loss)9901€404k€874k▲
Financial charges65/66B€331k€281k▼
Recurring financial charges65€331k€281k▼
Profit (loss) for the period before taxes9903€73k€594k▲
Income taxes67/77€-6k€123k▲
Profit (loss) for the period9904€79k€471k▲
Profit (loss) for the period to be appropriated9905€79k€471k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3.07M€3.54M▲
Profit (loss) brought forward from the previous period14P€2.99M€3.07M▲
Social balance
Average headcount (FTE)90873.03.0=
The notes to these accounts (8 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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €471k ▲493%
Operating result €874k, net result €471k, both a record.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €79k
Net result €79k after 6 loss-making years.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
01-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
06-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 6 days late
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-800k
Net result drops to €-800k, the lowest in the series; recovery starts the following year.
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-06
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.
Directors · office · real estate
Directors
11 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, Ninove · 1 establishment unit since 1980
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.
Aalstersesteenweg 3629400 NinoveGround area
2,184 m²
Building footprint
604 m²
Volume, LiDAR
3,600 m³
Parcel 41048A0208/00E003, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Aalstersesteenweg 362 A, 9400 Ninove
since 19802.017.599.010
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41048A0208/00E003 | Flanders | 2,184 m² | 1 · 604 m² | 9.3 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 · 1 entry · 3,640 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 3,640 EUR | 0 EUR |
Schemes
Bebossing/herbebossing/inkomenssteun
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Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 1,800 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded13-05-1980
Fiscal year end31-12
Activities, NACEBEL
01500Mixed farming
68201Renting and operating of own or leased residential real estate, excluding social housing
01110Growing of cereals (except rice), leguminous crops and oil seeds
02100Forestry and logging
66199Other activities auxiliary to financial services, excluding insurance and pension funding
68110Buying and selling of own real estate
77310Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 46 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.