GROEP D
ActiveThe computed 12-month bankruptcy probability of GROEP D is 1.7% (moderate). The 2024 annual accounts show equity of €366k and a net result of €624k. Equity is growing by ~50.7% per year across the filed fiscal years. Its solvency ranks better than 18% of 7446 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+10
Solvency44▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity tight (current ratio 1.09 against 0.97 in 2023; short-term debt: 76.4% and cash: 12.3% of total assets), and 81.4% of the assets are financed with debt.
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 →
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 18% of 7446 sector peers (2024).
NBB · sector comparisonPosition among 7446 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-06-2025, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
57 d early
2023
36 d early
2022
31 d early
2021
41 d early
2020
26 d early
2019
32 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€366k▲ 90.6%
2023 · €192k
2018: €-190k
2019: €-193k
2020: €-96k
2021: €-40k
2022: €106k
2023: €192k
2018 → 2024
Total assets
€1.97M▲ 24.5%
2023 · €1.58M
2018: €1.35M
2019: €1.53M
2020: €1.56M
2021: €1.82M
2022: €2.06M
2023: €1.58M
2018 → 2024
Net result
€624k▲ 134%
2023 · €266k
2018: €39k
2019: €-3k
2020: €97k
2021: €56k
2022: €145k
2023: €266k
2018 → 2024
Working capital
€130k
2023 · €-39k
2018: €-348k
2019: €-358k
2020: €-286k
2021: €-260k
2022: €-142k
2023: €-39k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-96k-€-40k▲ 58.7%€106k€192k▲ 81.4%€366k▲ 90.6%
Operating result€74k-€41k▼ 45.3%€160k▲ 294%€322k▲ 101%€761k▲ 137%
Net result€97k-€56k▼ 42.1%€145k▲ 159%€266k▲ 83.1%€624k▲ 134%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 137% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.97M
Fixed assets
€334k▲ 11.8%
Current assets
€1.64M▲ 27.5%
Equity and liabilities €1.97M
Equity
€366k▲ 90.6%
Debt
€1.60M▲ 15.4%
The debt ratio falls from 87.9% to 81.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€863k▲
2023 · €430k
Cash flow
€726k▲
2023 · €375k
Solvency
18.6%▲
2023 · 12.1%
Current ratio
1.09▲
2023 · 0.97
Quick ratio
0.94▲
2023 · 0.84
Debt / equity
4.38▼
2023 · 7.24
ROE
170.5%▲
2023 · 138.6%
ROA
31.7%▲
2023 · 16.8%
Interest coverage
65.51▲
2023 · 17.12
Debt
€1.60M▲
2023 · €1.39M
Debt ≤ 1 year
€1.51M▲
2023 · €1.32M
Debt > 1 year
€99k▲
2023 · €68k
Income taxes
€226k▲
2023 · €118k
Staff costs
€1.32M▲
2023 · €1.27M
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€1.58M€1.97M▲
Fixed assets21/28€299k€334k▲
Intangible fixed assets21€8k€0▼
Tangible fixed assets22/27€289k€332k▲
Land and buildings22€203k€161k▼
Plant, machinery and equipment23€14k€15k▲
Furniture and vehicles24€18k€88k▲
Leasing and similar rights25€54k€68k▲
Financial fixed assets28€3k€3k=
Current assets29/58€1.28M€1.64M▲
Stocks and contracts in progress3€177k€217k▲
Stocks30/36€177k€217k▲
Amounts receivable within one year40/41€857k€995k▲
Trade receivables40€832k€913k▲
Other amounts receivable41€25k€82k▲
Cash at bank and in hand54/58€99k€242k▲
Deferred charges and accrued income490/1€150k€182k▲
Equity and liabilities
Total equity and liabilities10/49€1.58M€1.97M▲
Equity10/15€192k€366k▲
Contributions10/11€50k€50k=
Reserves13€142k€316k▲
Distributable reserves133€142k€316k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€1.39M€1.60M▲
Amounts payable after more than one year17€68k€99k▲
Financial debts170/4€68k€99k▲
Amounts payable within one year42/48€1.32M€1.51M▲
Current portion of amounts payable after more than one year42€155k€67k▼
Trade debts44€148k€197k▲
Suppliers440/4€148k€197k▲
Advances received on contracts in progress46€389k€452k▲
Taxes, remuneration and social security45€135k€178k▲
Taxes450/3€69k€68k▼
Remuneration and social security454/9€66k€110k▲
Other amounts payable47/48€494k€612k▲
Income statement
Code20232024
Non-recurring operating income76A€452€7k▲
Remuneration, social security and pensions62€1.27M€1.32M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€109k€102k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€36k€1k▼
Other operating charges640/8€36k€11k▼
Gross operating margin9900€1.78M€2.19M▲
Operating profit (loss)9901€322k€761k▲
Financial income75/76B€88k€103k▲
Recurring financial income75€88k€103k▲
Financial charges65/66B€25k€13k▼
Recurring financial charges65€25k€13k▼
Profit (loss) for the period before taxes9903€384k€850k▲
Income taxes67/77€118k€226k▲
Profit (loss) for the period9904€266k€624k▲
Profit (loss) for the period to be appropriated9905€266k€624k▲
Appropriation of the result
Profit (loss) to be appropriated9906€266k€624k▲
Transfer to equity691/2€86k€174k▲
To other reserves6921€86k€174k▲
Profit to be distributed694/7€180k€450k▲
Return on contributions (dividend)694€180k€450k▲
Social balance
Average headcount (FTE)908716.116.4▲
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €624k ▲134%
Operating result €761k, net result €624k, both a record.
31-12
Financial
Equity above €200kEq €366k ▲90.6%
5 profitable years in a row build equity to €366k.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €150kEq €192k ▲81.4%
4 profitable years in a row build equity to €192k.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €100kEq €106k
3 profitable years in a row build equity to €106k.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €97k
Net result €97k after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €-3k ▼108%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
04-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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, Meise · 4 establishment units 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.
Londerzeelsesteenweg 341861 MeiseGround area
8,175 m²
Building footprint
2,645 m²
Volume, LiDAR
15,722 m³
4 parcels, Flanders · tallest building 12.8 m, ±3 floors. Linked by address, not a title deed.
4 establishment units
Groep D
since 20112.199.211.615
Groep D
since 20132.217.628.351
Groep D
since 20172.264.911.693
Groep D
since 20222.332.371.730
4 parcels
Flanders
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23093B0081/00F000 | Flanders | 3,175 m² | 1 · 1,273 m² | 8.1 m · 2 fl. |
| 23403F0122/00B000 | Flanders | 2,595 m² | 1 · 702 m² | 12.8 m · 3 fl. |
| 23070D0302/00M000 | Flanders | 1,371 m² | 1 · 440 m² | 6.5 m · 2 fl. |
| 11037B0242/00V000 | Flanders | 1,034 m² | 1 · 230 m² | 11.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 3
4 of 4 parcels 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
2023 to 2025 · 2 entries · 333 EUR awarded · 333 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 300 EUR | 300 EUR |
| 2023 | 1 | 33 EUR | 33 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 20,026 companies in sector 43320 we hold annual accounts for 9,136. 6,554 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-04-2011
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
22240Manufacture of rubber and plastic products
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:Rudi.Daelemans@kwadro.be
Phone:02/304.22.00