GROENMAN
ActiveSummary
The computed 12-month bankruptcy probability of GROENMAN is 1.6% (moderate). The 2025 annual accounts show equity of €96,393 and a net result of €328,732. Equity is growing by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 30% of 4583 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency47▼-53
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity short (current ratio 0.71 against 16.54 in 2024; short-term debt: 78.3% and cash: 41.5% of total assets), and 78.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 · 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
21.7%
Return on assets
74.2%
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 02-07-2026, 29 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
29 d early
2024
7 d early
2023
30 d late
2022
30 d late
2021
2 d early
2020
27 d late
2019
67 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 17 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 (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 29 July (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€96,393▼ 60.0%
2024 · €241,274
Total assets
€443,256▲ 77.3%
2024 · €250,064
Net result
€328,732▲ 127%
2024 · €144,882
Working capital
-€100,836
2024 · €110,071
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€36,500▼ 70.4%€47,783▲ 30.9%€107,272▲ 124%€185,522▲ 72.9%€429,666▲ 132%
Net result€30,041above the sector's middle half▼ 69.2%€35,109above the sector's middle half▲ 16.9%€82,407above the sector's middle half▲ 135%€144,882above the sector's middle half▲ 75.8%€328,732above the sector's middle half▲ 127%
Equity€196,523above the sector's middle half▲ 22.6%€113,985within the sector's middle half▼ 42.0%€96,392within the sector's middle half▼ 15.4%€241,274above the sector's middle half▲ 150%€96,393within the sector's middle half▼ 60.0%
Total assets€211,592within the sector's middle half▲ 8.8%€154,427within the sector's middle half▼ 27.0%€223,043within the sector's middle half▲ 44.4%€250,064within the sector's middle half▲ 12.1%€443,256above the sector's middle half▲ 77.3%
Debt€15,069▼ 55.8%€40,442▲ 168%€126,651▲ 213%€8,790▼ 93.1%€346,862▲ 3,846%
Working capital€165,796above the sector's middle half▲ 17.3%€70,006above the sector's middle half▼ 57.8%€5,692within the sector's middle half▼ 91.9%€110,071above the sector's middle half▲ 1,834%-€100,836below the sector's middle half
Solvency92.9%above the sector's middle half▲ 10.4pp73.8%above the sector's middle half▼ 19.1pp43.2%within the sector's middle half▼ 30.6pp96.5%above the sector's middle half▲ 53.3pp21.7%within the sector's middle half▼ 74.7pp
Current ratio12.00above the sector's middle half▲ 6.852.73above the sector's middle half▼ 9.271.04within the sector's middle half▼ 1.6916.54above the sector's middle half▲ 15.490.71below the sector's middle half▼ 15.83
Return on assets (ROA)14.2%within the sector's middle half▼ 36.0pp22.7%above the sector's middle half▲ 8.5pp36.9%above the sector's middle half▲ 14.2pp57.9%above the sector's middle half▲ 21.0pp74.2%above the sector's middle half▲ 16.2pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 132% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €443,256
Fixed assets
€197,230 ▲ 48.4%
Current assets
€246,026 ▲ 110%
Equity and liabilities €443,256
Equity
€96,393 ▼ 60.0%
Debt
€346,862 ▲ 3,846%
Debt's share of the balance-sheet total rises from 3.5% to 78.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€471,421▲
2024 · €206,639
Cash flow
€370,487▲
2024 · €165,999
Quick ratio
0.71▼
2024 · 16.54
Debt to equity
3.60▲
2024 · 0.04
ROE
341.0%▲
2024 · 60.0%
Interest coverage
4931.18▲
2024 · 418.29
Debt ≤ 1 year
€346,862▲
2024 · €7,085
Income taxes
€101,019▲
2024 · €40,146
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% 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 497,338 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% | 1.9% |
| 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 6,713 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 | €7,306 | €9,961 | €14,396 | €21,117 | €41,755 | ▲ 97.7% |
| Other operating charges640/8 | €1,142 | €1,041 | €1,531 | €1,669 | €4,635 | ▲ 178% |
| Gross operating margin9900 | €44,948 | €58,786 | €123,199 | €208,308 | €476,057 | ▲ 129% |
| Operating profit (loss)9901 | €36,500 | €47,783 | €107,272 | €185,522 | €429,666 | ▲ 132% |
| Financial income75/76B | - | €44 | €1 | €0 | €181 | ▲ 120,353% |
| Recurring financial income75 | - | €44 | €1 | €0 | €181 | ▲ 120,353% |
| Financial charges65/66B | €64 | €205 | €121 | €494 | €96 | ▼ 80.6% |
| Recurring financial charges65 | €64 | €205 | €121 | €494 | €96 | ▼ 80.6% |
| Profit (loss) for the period before taxes9903 | €36,436 | €47,622 | €107,152 | €185,028 | €429,751 | ▲ 132% |
| Income taxes67/77 | €6,394 | €12,513 | €24,745 | €40,146 | €101,019 | ▲ 152% |
| Profit (loss) for the period9904 | €30,041 | €35,109 | €82,407 | €144,882 | €328,732 | ▲ 127% |
| Profit (loss) for the period to be appropriated9905 | €30,041 | €35,109 | €82,407 | €144,882 | €328,732 | ▲ 127% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €211,592 | €154,427 | €223,043 | €250,064 | €443,256 | ▲ 77.3% |
| Fixed assets21/28 | €30,727 | €43,979 | €90,700 | €132,907 | €197,230 | ▲ 48.4% |
| Tangible fixed assets22/27 | €30,667 | €43,812 | €90,512 | €132,817 | €197,140 | ▲ 48.4% |
| Plant, machinery and equipment23 | €21,379 | €16,080 | €11,260 | €56,888 | €132,013 | ▲ 132% |
| Furniture and vehicles24 | €9,287 | €4,361 | €47,806 | €44,517 | €36,306 | ▼ 18.4% |
| Other tangible fixed assets26 | - | €23,370 | €31,445 | €31,412 | €28,821 | ▼ 8.2% |
| Financial fixed assets28 | €60 | €167 | €188 | €90 | €90 | = |
| Current assets29/58 | €180,865 | €110,449 | €132,343 | €117,156 | €246,026 | ▲ 110% |
| Stocks and contracts in progress3 | - | - | - | - | €200 | - |
| Stocks30/36 | - | - | - | - | €200 | - |
| Amounts receivable within one year40/41 | €4,863 | €21,399 | €18,308 | €74,606 | €56,560 | ▼ 24.2% |
| Trade receivables40 | €1,014 | €21,399 | €8,053 | €51,283 | €21,514 | ▼ 58.0% |
| Other amounts receivable41 | €3,849 | - | €10,255 | €23,323 | €35,047 | ▲ 50.3% |
| Cash at bank and in hand54/58 | €175,148 | €86,391 | €111,207 | €41,726 | €184,087 | ▲ 341% |
| Deferred charges and accrued income490/1 | €854 | €2,659 | €2,828 | €825 | €5,178 | ▲ 528% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €211,592 | €154,427 | €223,043 | €250,064 | €443,256 | ▲ 77.3% |
| Equity10/15 | €196,523 | €113,985 | €96,392 | €241,274 | €96,393 | ▼ 60.0% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €130,158 | €47,511 | €77,842 | €222,724 | €77,843 | ▼ 65.0% |
| Non-distributable reserves130/1 | €2,559 | €2,559 | €1,450 | €1,450 | €1,450 | = |
| Reserves not available under the articles1311 | €2,559 | €2,559 | €1,450 | €1,450 | €1,450 | = |
| Distributable reserves133 | €127,600 | €44,953 | €76,392 | €221,274 | €76,393 | ▼ 65.5% |
| Profit (loss) carried forward14 | €47,815 | €47,924 | - | - | - | - |
| Amounts payable17/49 | €15,069 | €40,442 | €126,651 | €8,790 | €346,862 | ▲ 3,846% |
| Amounts payable within one year42/48 | €15,069 | €40,442 | €126,651 | €7,085 | €346,862 | ▲ 4,796% |
| Trade debts44 | €7,168 | €26,564 | €24,073 | €3,502 | €17,120 | ▲ 389% |
| Suppliers440/4 | €7,168 | €26,564 | €24,073 | €3,502 | €17,120 | ▲ 389% |
| Taxes, remuneration and social security45 | €7,901 | €13,785 | €2,346 | - | - | - |
| Taxes450/3 | €7,901 | €13,785 | €1,528 | - | - | - |
| Remuneration and social security454/9 | - | - | €818 | - | - | - |
| Other amounts payable47/48 | - | €93 | €100,232 | €3,583 | €329,742 | ▲ 9,104% |
| Accrued charges and deferred income492/3 | - | - | - | €1,705 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,041 | €35,109 | €82,407 | €144,882 | €328,732 | ▲ 127% |
| + Depreciation and write-downs630 | €7,306 | €9,961 | €14,396 | €21,117 | €41,755 | ▲ 97.7% |
| Operating cash flow (approximation) | €37,347 | €45,070 | €96,802 | €165,999 | €370,487 | ▲ 123% |
| Investment in fixed assets (approximation) | - | -€23,213 | -€61,117 | -€63,324 | -€106,078 | ▼ 67.5% |
| Change in cash | - | -€88,757 | €24,816 | -€69,481 | €142,362 | ▲ 305% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2019net €328,732 ▲127%
Operating result €429,666, net result €328,732, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 16current ratio 16.54
Current ratio from 1.04 to 16.54; short-term debt falls from €126,651 to €7,085.
31-12
Financial
Equity above €200,000Eq €241,274 ▲150%
6 profitable years in a row build equity to €241,274.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €30,041 ▼69.2%
Net result drops to €30,041, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 12.00
Current ratio from 5.15 to 12.00; short-term debt falls from €34,070 to €15,069.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Equity above €150,000Eq €160,332 ▲155%
2 profitable years in a row build equity to €160,332.
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 67 days late
Financial milestoneNBB 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, Antwerpen · 1 establishment unit since 2018
Ground area
108 m²
Building footprint
71 m²
Volume, LiDAR
473 m³
Parcel 11006A0386/00X012, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Groenman
since 20182.282.698.822
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11006A0386/00X012 | Flanders | 108 m² | 1 · 71 m² | 10.1 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.
Recognitions · licences · registrations
Recognised contractor
2 categoriesGROENMAN BV44280
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Of 21,227 companies in sector 81300 we hold annual accounts for 4,369. 3,629 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
Founded05-12-2018
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
43320Joinery installation
71113Urban planning and landscape architecture
E-invoicing
Reachable via Peppol
Peppol ID
0208:0715487341
Also
9925:BE0715487341
Registered
17-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.