GROENVYNCK KENNY
ActiveGROENVYNCK KENNY has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €6k and a net result of €2k. Equity is growing by ~23% per year across the filed fiscal years. Its solvency ranks better than 15% of 36376 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
47
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability45▼-55
Solvency37▲+3
Growth58=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Six 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
11.8%
Return on assets
4.1%
Age of the figures
21 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 36376 sector peers (2024).
NBB · sector comparisonPosition among 36376 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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
60 d late
2023
47 d late
2022
42 d early
2021
31 d late
2020
390 d late
2019
66 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€6k▲ 52.3%
2023 · €4k
2018: €44k
2019: €-40k
2020: €-72k
2021: €-46k
2022: €-11k
2023: €4k
2018 → 2024
Total assets
€51k▲ 20.8%
2023 · €43k
2018: €125k
2019: €132k
2020: €39k
2021: €59k
2022: €38k
2023: €43k
2018 → 2024
Net result
€2k▼ 85.9%
2023 · €15k
2018: €1k
2019: €-84k
2020: €-32k
2021: €26k
2022: €35k
2023: €15k
2018 → 2024
Working capital
€6k
2023 · €-3k
2018: €55k
2019: €80k
2020: €-86k
2021: €-71k
2022: €-32k
2023: €-3k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-72k-€-46k▲ 36.6%€-11k▲ 76.2%€4k€6k▲ 52.3%
Operating result€-30k-€29k€38k▲ 32.0%€17k▼ 54.9%€5k▼ 70.9%
Net result€-32k-€26k€35k▲ 31.9%€15k▼ 57.3%€2k▼ 85.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 71% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €51k
Fixed assets
€9k▼ 44.2%
Current assets
€43k▲ 59.8%
Equity and liabilities €51k
Equity
€6k▲ 52.3%
Debt
€45k▲ 17.5%
The debt ratio falls from 90.6% to 88.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€7k▼
2023 · €22k
Cash flow
€4k▼
2023 · €19k
Solvency
11.8%▲
2023 · 9.4%
Current ratio
1.16▲
2023 · 0.89
Quick ratio
1.16▲
2023 · 0.89
Debt / equity
7.46▼
2023 · 9.67
ROE
34.3%▼
2023 · 372.0%
ROA
4.1%▼
2023 · 34.9%
Interest coverage
2.55▼
2023 · 9.52
Debt
€45k▲
2023 · €39k
Debt ≤ 1 year
€37k▲
2023 · €30k
Debt > 1 year
€9k=
2023 · €9k
Income taxes
€269▲
2023 · €-48
Staff costs
€190▼
2023 · €412
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€43k€51k▲
Fixed assets21/28€16k€9k▼
Tangible fixed assets22/27€15k€7k▼
Plant, machinery and equipment23€10k€7k▼
Furniture and vehicles24€5k€80▼
Financial fixed assets28€1k€1k=
Current assets29/58€27k€43k▲
Amounts receivable within one year40/41€27k€43k▲
Trade receivables40€2k€7k▲
Other amounts receivable41€24k€36k▲
Cash at bank and in hand54/58€1-
Equity and liabilities
Total equity and liabilities10/49€43k€51k▲
Equity10/15€4k€6k▲
Contributions10/11€9k€9k=
Reserves13€35k€35k=
Distributable reserves133€35k€35k=
Profit (loss) carried forward14€-40k€-38k▲
Amounts payable17/49€39k€45k▲
Amounts payable after more than one year17€9k€9k=
Financial debts170/4€9k€9k=
Amounts payable within one year42/48€30k€37k▲
Current portion of amounts payable after more than one year42€3k€6k▲
Financial debts43€15k€22k▲
Credit institutions430/8€15k€22k▲
Trade debts44€9k€8k▼
Suppliers440/4€9k€8k▼
Taxes, remuneration and social security45€3k€791▼
Taxes450/3€3k€791▼
Income statement
Code20232024
Non-recurring operating income76A€778€9k▲
Remuneration, social security and pensions62€412€190▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€2k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€26k€9k▼
Operating profit (loss)9901€17k€5k▼
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€15k€2k▼
Income taxes67/77€-48€269▲
Profit (loss) for the period9904€15k€2k▼
Profit (loss) for the period to be appropriated9905€15k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-40k€-38k▲
Profit (loss) brought forward from the previous period14P€-55k€-40k▲
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
16-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 47 days late
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €35k ▲31.9%
Operating result €38k, net result €35k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 390 days late
2021
31-12
Financial
Back to profitnet €26k
Net result €26k after 2 loss-making years.
2020
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 66 days late
2019
31-12
Financial
Weakest financial yearnet €-84k ▼6791%
Net result drops to €-84k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Oostende · 1 establishment unit since 2011
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.
Eigen-Haardstraat 68400 OostendeGround area
320 m²
Building footprint
86 m²
Volume, LiDAR
649 m³
Parcel 35384A0178/00K008, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GROENVYNCK KENNY B.V.B.A.
since 20112.198.991.681
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35384A0178/00K008 | Flanders | 320 m² | 1 · 86 m² | 9.7 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.
Similar companies · same sector, comparable size
GAMZ 9
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M.P.-SERVICES
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Techniques Spéciales Solutions
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YILMAZ CONSTRUCTIONS
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Of 22,822 companies in sector 43211 we hold annual accounts for 10,327. 4,192 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-05-2011
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
33200Installation of industrial machinery and equipment
42220Construction of utility projects for electricity and telecommunications
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
43299Specialised construction activities
47540Retail sale of electrical household appliances
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.