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GROHE

Active
Public limited companyfounded 1991active for 34 yearsLeuvensesteenweg 369, 1932 Zaventem, Belgium26 active companies are registered at this addressKBO/BCE: BE 0445.870.594
Summary

GROHE has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €2.4m and a net result of €661,688. Equity remains stable across the filed financial years (±0.9% per year). Its solvency ranks better than 21% of 263 sector peers (NACE 46, financial year 2026). The computed 12-month bankruptcy probability is 0.5% (very low).

Overview

Activity
Wholesale trade
NACE 46842Wholesale trade NACE 46836
1 site
Size
€35.4mturnover 2026
Staff
37.6 FTE
Equity
€2.4m
Profit
€661,688
Financial health
79 Excellent Checked score 2026
Bankruptcy probabilitywithin 12 months
0.5%
Structure
Parent
Grohe AG
Auditor: Deloitte BedrijfsrevisorenAccounts 32 days early
Why 79raises riskLiquidity: current ratio 1.21Equity €2.4m (23.7% of total assets)lowers riskFounded in 1991Profit of €661,688 (financial year 2026)Show the evidence

Checked score

Score 2026
79 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 26% of its sector peers (NACE 46, small)
Financial strength · tick = 2025
Weak
Solvency 49+3
equity 23.7% of total assets
Liquidity 18+3
short-term debt 75.9%
Profitability 46-4
return on assets 6.7%
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,383 companies, NACE 46, small)
Last 24 months 11-2024: 0.4%lowest value 12-2024: 0.5%▲ +0.1 percentage points vs 11-2024 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.5%● unchanged vs 06-2025 08-2025: 0.5%● unchanged vs 07-2025 09-2025: 0.5%● unchanged vs 08-2025 10-2025: 0.6%▲ +0.1 percentage points vs 09-2025highest value 11-2025: 0.5%▼ -0.1 percentage points vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.5%● unchanged vs 03-2026 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.5%● unchanged vs 07-2026 09-2026: 0.5%● unchanged vs 08-2026 10-2026: 0.5%● unchanged vs 09-2026
Credit of up to €180,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.21, compared with 1.17 in 2025; short-term debt: 75.9% of total assets), and 76.3% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small): better than 27% on solvency, 15% on liquidity, 30% on profitability and 32% on growth.

The bankruptcy probability was computed on 11-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.21
NBB · annual accounts
raises risk · Equity €2.4m (23.7% of total assets)
NBB · annual accounts
lowers risk · Founded in 1991
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Profit of €661,688 (financial year 2026)
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 263 sector peers (2026).
NBB · sector comparison
Position among 263 sector peers
Solvency
better than 21%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 29-09-2026, 32 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
32 days early
2025
28 days early
2024
30 days early
2023
26 days early
2022
25 days early
2021
64 days late
2020
32 days early
← 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 16 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 3 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
12-10-2026 today31-03-2027 year end31-10-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2026 · full…
  2. Reappointments: Stéphane Cassiman (director and managing…Power of attorney
  3. Weakest financial yearnet €661,688 ▼33.9%

Key points

  • Positive: 8 profitable years in a rowprofit 2026: €661,688 8 years View
  • Controlled by Grohe AGknown shareholders 100% parent View
  • Caution: Result fell in 2026from €1.0m to €661,688 ▼ 33.9% View
  • Positive: Filed on time since financial year 2022accounts within the deadline every year 5 years View

By topic

Financials

Financial year
2026
Turnover
€35.4m
Profit
€661,688
Solvency
23.7%
Turnover▼ 6.5%
Net result
20192026
Go to Financials

Board & ownership

Board
3 members
Parent
Grohe AG
Known shareholders
100%
Auditor
Deloitte Bedrijfsrevisoren
  • Stéphane CassimanManaging director
  • Koen HOUBENDirector
  • Adam Edward BrysonDirector
Go to Board & ownership

Timeline

Events
65
Since
1993
Next accounts
by 31-10-2027
  1. 03-10-2025Annual accounts filed
  2. 01-10-2024Annual accounts filed
  3. 14-03-2024Appointment: Deloitte Bedrijfsrevisoren (statutory auditor)
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Wholesale tradeNACE 46842
Founded
09-12-1991
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
“Handel drijven in al haar vormen, waaronder eveneens de import, export, groothandel…” (deed in Dutch)
Go to Articles of association

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