GRONDIG
ActiveSummary
GRONDIG has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €148,359. Equity is growing by ~17.4% per year across the filed fiscal years. Its solvency ranks better than 27% of 2033 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability22▲+3
Solvency49▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days acceptable
Liquidity short (current ratio 0.97 against 1.11 in 2024; short-term debt: 63.4% and cash: 4% of total assets), and 76% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← 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
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
24%
Return on assets
2.6%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-03-2026, 30 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
30 d late
2024
24 d late
2023
21 d early
2022
1 d early
2021
40 d early
2020
10 d early
2019
44 d 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 9 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€241,060
EBIT margin
31.8%
Net result
€148,359▲ 1,610%
2024 · €8,677
Working capital
-€112,655
2024 · €330,469
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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
Turnover
Operating result€29,846▼ 61.0%-€9,096€710,176-€58,743-€42,650▲ 27.4%
Net result€38,371within the sector's middle half▼ 28.4%€9,729within the sector's middle half▼ 74.6%€545,778above the sector's middle half▲ 5,510%€8,677within the sector's middle half▼ 98.4%€148,359above the sector's middle half▲ 1,610%
EBIT margin
Equity€640,711within the sector's middle half▲ 6.2%€650,439within the sector's middle half▲ 1.5%€1.1mabove the sector's middle half▲ 74.7%€1.1mabove the sector's middle half▲ 0.8%€1.4mabove the sector's middle half▲ 20.2%
Total assets€864,754within the sector's middle half▼ 4.1%€5.2mabove the sector's middle half▲ 501%€3.2mabove the sector's middle half▼ 38.2%€4.4mabove the sector's middle half▲ 35.7%€5.7mabove the sector's middle half▲ 31.3%
Debt€175,694▼ 29.9%€4.5m▲ 2,465%€2.0m▼ 54.8%€3.2m▲ 56.0%€4.3m▲ 35.4%
Working capital€544,590above the sector's middle half▲ 0.2%€477,333above the sector's middle half▼ 12.4%€957,897above the sector's middle half▲ 101%€330,469within the sector's middle half▼ 65.5%-€112,655below the sector's middle half
Solvency74.1%above the sector's middle half▲ 7.2pp12.5%below the sector's middle half▼ 61.6pp35.4%within the sector's middle half▲ 22.8pp26.2%within the sector's middle half▼ 9.1pp24.0%within the sector's middle half▼ 2.2pp
Current ratio6.08above the sector's middle half▲ 1.211.11below the sector's middle half▼ 4.971.53within the sector's middle half▲ 0.421.11within the sector's middle half▼ 0.420.97below the sector's middle half▼ 0.14
Return on assets (ROA)4.4%within the sector's middle half▼ 1.5pp0.2%below the sector's middle half▼ 4.3pp17.0%above the sector's middle half▲ 16.8pp0.2%below the sector's middle half▼ 16.8pp2.6%within the sector's middle half▲ 2.4pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €42,650 in 2025 against €58,743 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.7m
Fixed assets
€2.2m ▲ 109%
Current assets
€3.5m ▲ 6.5%
Equity and liabilities €5.7m
Equity
€1.4m ▲ 20.2%
Provisions
€48,219 ▲ 22.2%
Debt
€4.3m ▲ 35.4%
Debt's share of the balance-sheet total rises from 72.9% to 75.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
-€18,980▲
2024 · -€37,330
Cash flow
€172,029▲
2024 · €30,090
Quick ratio
0.27▼
2024 · 0.28
Debt to equity
3.13▲
2024 · 2.78
ROE
10.8%▲
2024 · 0.8%
Interest coverage
-0.62▲
2024 · -5.99
Debt ≤ 1 year
€3.6m▲
2024 · €3.0m
Debt > 1 year
€653,501▲
2024 · €195,469
Income taxes
€6,512
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,678 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 4,678 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 | €4,667 | €67,310 | €10,291 | €21,413 | €23,670 | ▲ 10.5% |
| Other operating charges640/8 | - | €6,714 | €2,179 | €125,609 | €2,447 | ▼ 98.1% |
| Gross operating margin9900 | €37,717 | €64,927 | €722,646 | €88,279 | -€16,533 | ▼ 119% |
| Operating profit (loss)9901 | €29,846 | -€9,096 | €710,176 | -€58,743 | -€42,650 | ▲ 27.4% |
| Financial income75/76B | - | €29,077 | €21,182 | €72,296 | €209,524 | ▲ 190% |
| Recurring financial income75 | €22,225 | €29,077 | €21,182 | €72,296 | €209,524 | ▲ 190% |
| Financial charges65/66B | - | €5,800 | €7,946 | €6,228 | €30,785 | ▲ 394% |
| Recurring financial charges65 | €4,330 | €5,800 | €7,946 | €6,228 | €30,785 | ▲ 394% |
| Profit (loss) for the period before taxes9903 | €47,741 | €14,180 | €723,413 | €7,325 | €136,089 | ▲ 1,758% |
| Transfer from deferred taxes780 | - | €6,192 | €1,351 | €1,351 | €18,783 | ▲ 1,290% |
| Income taxes67/77 | €9,988 | €10,644 | €178,985 | - | €6,512 | - |
| Profit (loss) for the period9904 | €38,371 | €9,729 | €545,778 | €8,677 | €148,359 | ▲ 1,610% |
| Transfer from tax-exempt reserves789 | - | €18,577 | €4,054 | €4,054 | €56,348 | ▲ 1,290% |
| Profit (loss) for the period to be appropriated9905 | €40,226 | €28,306 | €549,832 | €12,730 | €204,707 | ▲ 1,508% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €864,754 | €5.2m | €3.2m | €4.4m | €5.7m | ▲ 31.3% |
| Fixed assets21/28 | €213,027 | €455,160 | €444,868 | €1.1m | €2.2m | ▲ 109% |
| Tangible fixed assets22/27 | €204,027 | €446,160 | €435,868 | €1.0m | €833,352 | ▼ 20.6% |
| Land and buildings22 | - | €446,160 | €435,868 | €1.0m | €826,115 | ▼ 21.3% |
| Furniture and vehicles24 | - | - | - | - | €7,238 | - |
| Financial fixed assets28 | €9,000 | €9,000 | €9,000 | €9,000 | €1.4m | ▲ 15,160% |
| Current assets29/58 | €651,727 | €4.7m | €2.8m | €3.3m | €3.5m | ▲ 6.5% |
| Amounts receivable after more than one year29 | - | - | - | €2,500 | €2,500 | = |
| Other amounts receivable291 | - | - | - | €2,500 | €2,500 | = |
| Stocks and contracts in progress3 | €229,402 | €4.3m | €2.3m | €2.5m | €2.6m | ▲ 3.2% |
| Stocks30/36 | - | €4.3m | €2.3m | €2.5m | €2.6m | ▲ 3.2% |
| Amounts receivable within one year40/41 | €382,282 | €436,345 | €331,821 | €699,453 | €664,160 | ▼ 5.0% |
| Trade receivables40 | - | - | €7,104 | €354,314 | €188,389 | ▼ 46.8% |
| Other amounts receivable41 | - | €436,345 | €324,717 | €345,140 | €475,771 | ▲ 37.8% |
| Cash at bank and in hand54/58 | €15,912 | €24,162 | €162,912 | €85,922 | €227,913 | ▲ 165% |
| Deferred charges and accrued income490/1 | - | €21,089 | €24,095 | €46,039 | €74,171 | ▲ 61.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €864,754 | €5.2m | €3.2m | €4.4m | €5.7m | ▲ 31.3% |
| Equity10/15 | €640,711 | €650,439 | €1.1m | €1.1m | €1.4m | ▲ 20.2% |
| Contributions10/11 | €62,500 | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Capital10 | - | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Issued capital100 | - | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Reserves13 | €578,211 | €587,939 | €1.1m | €1.1m | €1.3m | ▲ 21.3% |
| Non-distributable reserves130/1 | - | €31,200 | €31,200 | €31,200 | €31,200 | = |
| Legal reserve130 | - | €31,200 | €31,200 | €31,200 | €31,200 | = |
| Tax-exempt reserves132 | - | €145,219 | €141,166 | €137,112 | €163,406 | ▲ 19.2% |
| Distributable reserves133 | - | €411,520 | €901,352 | €914,083 | €1.1m | ▲ 22.4% |
| Profit (loss) carried forward14 | €3,236 | - | - | - | - | - |
| Provisions and deferred taxes16 | €48,349 | €42,157 | €40,805 | €39,454 | €48,219 | ▲ 22.2% |
| Deferred taxes168 | - | €42,157 | €40,805 | €39,454 | €48,219 | ▲ 22.2% |
| Amounts payable17/49 | €175,694 | €4.5m | €2.0m | €3.2m | €4.3m | ▲ 35.4% |
| Amounts payable after more than one year17 | €68,558 | €238,820 | €217,331 | €195,469 | €653,501 | ▲ 234% |
| Financial debts170/4 | - | €238,820 | €217,331 | €195,469 | €653,501 | ▲ 234% |
| Amounts payable within one year42/48 | €107,137 | €4.3m | €1.8m | €3.0m | €3.6m | ▲ 22.1% |
| Current portion of amounts payable after more than one year42 | - | €23,902 | €1.2m | €170,744 | €31,020 | ▼ 81.8% |
| Financial debts43 | - | €3.7m | - | €1.9m | €1.9m | = |
| Credit institutions430/8 | - | €3.7m | - | €1.9m | €1.9m | = |
| Trade debts44 | €1,063 | €107,060 | €8,333 | €797,041 | €215,016 | ▼ 73.0% |
| Suppliers440/4 | - | €107,060 | €8,333 | €797,041 | €215,016 | ▼ 73.0% |
| Advances received on contracts in progress46 | - | - | €400,000 | - | - | - |
| Taxes, remuneration and social security45 | - | €10,644 | €178,985 | - | €6,512 | - |
| Taxes450/3 | - | €10,644 | €178,985 | - | €6,512 | - |
| Other amounts payable47/48 | - | €404,977 | €60,000 | €154,880 | €1.5m | ▲ 887% |
| Accrued charges and deferred income492/3 | - | €1,076 | €8,412 | €8,922 | €16,457 | ▲ 84.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,371 | €9,729 | €545,778 | €8,677 | €148,359 | ▲ 1,610% |
| + Depreciation and write-downs630 | €4,667 | €67,310 | €10,291 | €21,413 | €23,670 | ▲ 10.5% |
| Operating cash flow (approximation) | €43,038 | €77,039 | €556,070 | €30,090 | €172,029 | ▲ 472% |
| Investment in fixed assets (approximation) | - | -€309,443 | €0 | -€634,815 | -€1.2m | ▼ 84.6% |
| Change in cash | - | €8,250 | €138,750 | -€76,991 | €141,992 | ▲ 284% |
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
24-07
State Gazette act
Permanent representative: Verdoodt LodeRegistered-office move3 facts ▸
State Gazette act
Permanent representative: Verdoodt Lode
Registered-office move3 facts ▸
- General meeting, 01-06-2026
- Registered-office move, Poodtstraat 2 - 1740 Ternat
- Permanent representative, Verdoodt Lode (permanent representative)
02-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 30 days late
2025
24-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 24 days late
2024
30-06
Financial
Weakest financial yearnet €8,677 ▼98.4%
Net result drops to €8,677, the lowest in the series; recovery starts the following year.
10-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Highest result since 2019net €545,778 ▲5,510%
Operating result €710,176, net result €545,778, both a record.
30-06
Financial
Equity above €1mEq €1.1m ▲74.7%
5 profitable years in a row build equity to €1.1m.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
22-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
21-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
18-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
08-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
21-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
13-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 18 acts read
About the unread acts
Of the 18 Belgian State Gazette acts we know for this company, 1 has been read. The other 17 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
18 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ternat · 1 establishment unit since 1991
Ground area
252 m²
Building footprint
127 m²
Volume, LiDAR
902 m³
Parcel 23086E0222/00R000, Flanders · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Grondig
since 19912.050.925.636
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23086E0222/00R000 | Flanders | 252 m² | 1 · 127 m² | 10.2 m · 3 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.
Structure & network
Owners and holdings
2 owners · 1 holdingOwners 2
- Sourceaccounts EINDER 202550%
-
50%
Holdings 1
-
50%
According to the annual accounts to 30-06-2025 of GRONDIG and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 1,759 companies in sector 71122 we hold annual accounts for 772. 303 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded11-12-1990
Fiscal year end30-06
Activities, NACEBEL 2025
71122Land surveying
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442144707
Also
9925:BE0442144707
Registered
06-08-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.