Grohe Granits
ActiveGrohe Granits has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2k and a net result of €3k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2024
45
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability74▲+44
Solvency27▲+3
Growth47=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.72 against 0.86 in 2023; short-term debt: 86.1% and cash: 5.5% of total assets), and 98.1% 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.
+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
1.9%
Return on assets
3.9%
Age of the figures
20 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 36375 sector peers (2024).
NBB · sector comparisonPosition among 36375 sector peers
Solvency
better than 10%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-12-2025, 150 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
150 d late
2023
153 d late
2022
139 d late
2021
67 d late
2020
86 d late
2019
89 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€146k▲ 19.1%
2020 · €123k
2018: €103k
2019: €136k
2020: €123k
2018 → 2021
EBIT margin
12.1%▲ 27.5pp
2020 · -15.4%
2018: 9.4%
2019: 11.3%
2020: -15.4%
2018 → 2021
Net result
€3k
2023 · €-7k
2018: €8k
2019: €11k
2020: €-21k
2021: €17k
2022: €-16k
2023: €-7k
2018 → 2024
Working capital
€-20k▲ 40.1%
2023 · €-34k
2018: €-24k
2019: €-28k
2020: €-44k
2021: €-27k
2022: €-36k
2023: €-34k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€123k-€146k▲ 19.1%
Equity€5k-€22k▲ 364%€6k▼ 73.9%€-2k€2k
Operating result€-19k-€18k€-16k€-7k▲ 54.5%€9k
Net result€-21k-€17k€-16k€-7k▲ 54.9%€3k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €9k after a loss of €7k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €82k
Fixed assets
€32k▼ 1.6%
Current assets
€51k▼ 75.1%
Equity and liabilities €82k
Equity
€2k
Debt
€81k
Debt finances 98.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€22k▲
2023 · €9k
Cash flow
€17k▲
2023 · €9k
Solvency
1.9%▲
2023 · -0.7%
Current ratio
0.72▼
2023 · 0.86
Quick ratio
0.08▼
2023 · 0.86
Debt / equity
50.37
ROE
197.8%
ROA
3.9%▲
2023 · -3.1%
Interest coverage
18.30
Debt
€81k▼
2023 · €238k
Debt ≤ 1 year
€71k▼
2023 · €238k
Debt > 1 year
€10k
Income taxes
€4k
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€236k€82k▼
Fixed assets21/28€32k€32k▼
Intangible fixed assets21€27k€21k▼
Tangible fixed assets22/27€4k€11k▲
Plant, machinery and equipment23€4k-
Furniture and vehicles24€250€11k▲
Financial fixed assets28€665-
Current assets29/58€204k€51k▼
Stocks and contracts in progress3-€45k
Stocks30/36-€45k
Amounts receivable within one year40/41€204k€1k▼
Trade receivables40€202k-
Other amounts receivable41€2k€1k▼
Cash at bank and in hand54/58-€5k
Equity and liabilities
Total equity and liabilities10/49€236k€82k▼
Equity10/15€-2k€2k▲
Contributions10/11€19k€19k=
Reserves13€7k€7k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€5k€5k=
Profit (loss) carried forward14€-27k€-24k▲
Amounts payable17/49€238k€81k▼
Amounts payable after more than one year17-€10k
Financial debts170/4-€7k
Other amounts payable178/9-€3k
Amounts payable within one year42/48€238k€71k▼
Current portion of amounts payable after more than one year42-€4k
Trade debts44€186k€7k▼
Suppliers440/4€186k€7k▼
Advances received on contracts in progress46-€4k
Taxes, remuneration and social security45€9k€2k▼
Taxes450/3€9k€2k▼
Other amounts payable47/48€43k€55k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€13k▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€11k€23k▲
Operating profit (loss)9901€-7k€9k▲
Financial charges65/66B-€1k
Recurring financial charges65-€1k
Profit (loss) for the period before taxes9903€-7k€8k▲
Income taxes67/77-€4k
Profit (loss) for the period9904€-7k€3k▲
Profit (loss) for the period to be appropriated9905€-7k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-27k€-24k▲
Profit (loss) brought forward from the previous period14P€-20k€-27k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 150 days late
2024
31-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
31-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 153 days late
2023
17-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 139 days late
2022
06-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 67 days late
2021
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 86 days late
2020
31-12
Financial
Weakest financial yearnet €-21k ▼303%
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 56 days late
2018
21-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 52 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Binche · 1 establishment unit since 2017
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.
Rue du Riau(LEV) 227134 BincheGround area
627 m²
Building footprint
86 m²
Volume, LiDAR
333 m³
Parcel 56043A0081/00M002, Wallonia · tallest building 7.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Grohe Granits
since 20172.267.131.411
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56043A0081/00M002indicative | Wallonia | 627 m² | 1 · 86 m² | 7.0 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,543 companies in sector 43990 we hold annual accounts for 7,421. 1,075 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded07-08-2017
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
01191Growing of flowers
23700Cutting, shaping and finishing of stone
43331Floor and wall tiling
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:nicolas.lannoye@hotmail.com
Phone:0496/21 11 56