GRONDIG
ActiveSummary
GRONDIG has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €1.72M and a net result of €4k. Equity is growing by ~30.5% per year across the filed fiscal years. Its solvency ranks better than 56% of 57 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability28=
Solvency59▼-4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity ample (current ratio 1.51 against 1.63 in 2025; short-term debt: 65.7% and cash: 2.6% of total assets), but 65.8% of the assets are financed with debt.
Credit check for your own amount and term
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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
34.2%
Return on assets
0.1%
Age of the figures
6 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
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 10-09-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
51 d early
2025
7 d early
2024
107 d early
2023
55 d early
2022
4 d late
2021
2 d early
2020
10 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€4k▲ 64.8%
2025 · €2k
2019: €68k
2020: €-21k▼ -131% vs 2019lowest in 8 years
2021: €229k▲ +1177% vs 2020
2022: €680k▲ +196% vs 2021highest in 8 years
2023: €251k▼ -63.1% vs 2022
2024: €614k▲ +145% vs 2023
2025: €2k▼ -99.6% vs 2024
2026: €4k▲ +64.8% vs 2025
2019 → 2026
Working capital
€1.69M▼ 3.7%
2025 · €1.75M
2019: €-40k
2020: €-63k▼ -58.9% vs 2019lowest in 8 years
2021: €123k▲ +295% vs 2020
2022: €805k▲ +554% vs 2021
2023: €1.06M▲ +31.4% vs 2022
2024: €1.68M▲ +59.0% vs 2023
2025: €1.75M▲ +4.2% vs 2024highest in 8 years
2026: €1.69M▼ -3.7% vs 2025
2019 → 2026
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€846k-€1.10M▲ 29.6%€1.71M▲ 56.0%€1.71M▲ 0.1%€1.72M▲ 0.2%
2022: €846klowest in 5 years
2023: €1.10M▲ +29.6% vs 2022
2024: €1.71M▲ +56.0% vs 2023
2025: €1.71M▲ +0.1% vs 2024
2026: €1.72M▲ +0.2% vs 2025highest in 5 years
Operating result€805k-€346k▼ 57.0%€837k▲ 142%€66k▼ 92.1%€102k▲ 53.8%
2022: €805k
2023: €346k▼ -57.0% vs 2022
2024: €837k▲ +142% vs 2023highest in 5 years
2025: €66k▼ -92.1% vs 2024lowest in 5 years
2026: €102k▲ +53.8% vs 2025
Net result€680k-€251k▼ 63.1%€614k▲ 145%€2k▼ 99.6%€4k▲ 64.8%
2022: €680khighest in 5 years
2023: €251k▼ -63.1% vs 2022
2024: €614k▲ +145% vs 2023
2025: €2k▼ -99.6% vs 2024lowest in 5 years
2026: €4k▲ +64.8% vs 2025
Result per fiscal year
Operating resultNet result
The operating result recovers in 2026; 2026 is 54% above 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €5.02M
Fixed assets
€32k ▼ 6.6%
Current assets
€4.99M ▲ 10.0%
Equity and liabilities €5.02M
Equity
€1.72M ▲ 0.2%
Debt
€3.30M ▲ 15.7%
Debt's share of the balance-sheet total rises from 62.5% to 65.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€104k▲
2025 · €68k
Cash flow
€6k▲
2025 · €5k
Current ratio
1.51▼
2025 · 1.63
Quick ratio
0.15▲
2025 · 0.02
Debt to equity
1.92▲
2025 · 1.67
ROE
0.2%▲
2025 · 0.1%
ROA
0.1%▲
2025 · 0.1%
Interest coverage
1.08▼
2025 · 1.09
Debt ≤ 1 year
€3.30M▲
2025 · €2.78M
Income taxes
€2k▲
2025 · €832
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2026 against 2025 · 44 lines
Balance sheet
Code20252026
Assets
Total assets20/58€4.57M€5.02M▲
Fixed assets21/28€34k€32k▼
Tangible fixed assets22/27€34k€32k▼
Land and buildings22€34k€32k▼
Current assets29/58€4.53M€4.99M▲
Stocks and contracts in progress3€4.48M€4.48M▼
Stocks30/36€4.48M€4.48M▼
Amounts receivable within one year40/41€12k€375k▲
Trade receivables40€12k-
Other amounts receivable41-€375k
Cash at bank and in hand54/58€35k€133k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€4.57M€5.02M▲
Equity10/15€1.71M€1.72M▲
Contributions10/11€500k€500k=
Capital10€500k€500k=
Issued capital100€500k€500k=
Reserves13€1.21M€1.22M▲
Non-distributable reserves130/1€50k€50k=
Legal reserve130€50k€50k=
Distributable reserves133€1.16M€1.17M▲
Amounts payable17/49€2.85M€3.30M▲
Amounts payable within one year42/48€2.78M€3.30M▲
Trade debts44€672€198▼
Suppliers440/4€672€198▼
Taxes, remuneration and social security45€922€4k▲
Taxes450/3€922€4k▲
Other amounts payable47/48€2.78M€3.30M▲
Accrued charges and deferred income492/3€74k€3k▼
Income statement
Code20252026
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Other operating charges640/8€12k€14k▲
Gross operating margin9900€81k€118k▲
Operating profit (loss)9901€66k€102k▲
Financial income75/76B€22-
Recurring financial income75€22-
Financial charges65/66B€63k€96k▲
Recurring financial charges65€63k€96k▲
Profit (loss) for the period before taxes9903€3k€6k▲
Income taxes67/77€832€2k▲
Profit (loss) for the period9904€2k€4k▲
Profit (loss) for the period to be appropriated9905€2k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€4k▲
Transfer to equity691/2€2k€4k▲
To other reserves6921€2k€4k▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €2k | €2k | €2k | = |
| Other operating charges640/8 | €910 | €55k | €4k | €12k | €14k | ▲ 14.7% |
| Gross operating margin9900 | €808k | €404k | €843k | €81k | €118k | ▲ 46.3% |
| Operating profit (loss)9901 | €805k | €346k | €837k | €66k | €102k | ▲ 53.8% |
| Financial income75/76B | - | €546 | - | €22 | - | - |
| Recurring financial income75 | - | €546 | - | €22 | - | - |
| Financial charges65/66B | €20k | €9k | €17k | €63k | €96k | ▲ 52.8% |
| Recurring financial charges65 | €20k | €9k | €17k | €63k | €96k | ▲ 52.8% |
| Profit (loss) for the period before taxes9903 | €785k | €337k | €820k | €3k | €6k | ▲ 72.2% |
| Income taxes67/77 | €105k | €86k | €206k | €832 | €2k | ▲ 94.6% |
| Profit (loss) for the period9904 | €680k | €251k | €614k | €2k | €4k | ▲ 64.8% |
| Profit (loss) for the period to be appropriated9905 | €680k | €251k | €614k | €2k | €4k | ▲ 64.8% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €852k | €1.90M | €3.47M | €4.57M | €5.02M | ▲ 9.9% |
| Fixed assets21/28 | €41k | €39k | €37k | €34k | €32k | ▼ 6.6% |
| Tangible fixed assets22/27 | €41k | €39k | €37k | €34k | €32k | ▼ 6.6% |
| Land and buildings22 | €41k | €39k | €37k | €34k | €32k | ▼ 6.6% |
| Current assets29/58 | €811k | €1.86M | €3.43M | €4.53M | €4.99M | ▲ 10.0% |
| Stocks and contracts in progress3 | €254k | €1.56M | €3.26M | €4.48M | €4.48M | ▼ 0.1% |
| Stocks30/36 | €254k | €1.56M | €3.26M | €4.48M | €4.48M | ▼ 0.1% |
| Amounts receivable within one year40/41 | €71k | €27k | - | €12k | €375k | ▲ 3,106% |
| Trade receivables40 | €9k | €11k | - | €12k | - | - |
| Other amounts receivable41 | €62k | €15k | - | - | €375k | - |
| Cash at bank and in hand54/58 | €485k | €277k | €171k | €35k | €133k | ▲ 281% |
| Deferred charges and accrued income490/1 | €62 | €2k | €5k | €2k | €1k | ▼ 6.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €852k | €1.90M | €3.47M | €4.57M | €5.02M | ▲ 9.9% |
| Equity10/15 | €846k | €1.10M | €1.71M | €1.71M | €1.72M | ▲ 0.2% |
| Contributions10/11 | €500k | €500k | €500k | €500k | €500k | = |
| Capital10 | €500k | €500k | €500k | €500k | €500k | = |
| Issued capital100 | €500k | €500k | €500k | €500k | €500k | = |
| Reserves13 | €346k | €597k | €1.21M | €1.21M | €1.22M | ▲ 0.3% |
| Non-distributable reserves130/1 | €50k | €50k | €50k | €50k | €50k | = |
| Legal reserve130 | €50k | €50k | €50k | €50k | €50k | = |
| Distributable reserves133 | €296k | €547k | €1.16M | €1.16M | €1.17M | ▲ 0.4% |
| Amounts payable17/49 | €6k | €806k | €1.76M | €2.85M | €3.30M | ▲ 15.7% |
| Amounts payable within one year42/48 | €6k | €806k | €1.75M | €2.78M | €3.30M | ▲ 18.7% |
| Trade debts44 | €65 | €385 | - | €672 | €198 | ▼ 70.5% |
| Suppliers440/4 | €65 | €385 | - | €672 | €198 | ▼ 70.5% |
| Taxes, remuneration and social security45 | €441 | €6k | €24k | €922 | €4k | ▲ 354% |
| Taxes450/3 | €441 | €6k | €24k | €922 | €4k | ▲ 354% |
| Other amounts payable47/48 | €5k | €799k | €1.73M | €2.78M | €3.30M | ▲ 18.6% |
| Accrued charges and deferred income492/3 | €115 | €216 | €9k | €74k | €3k | ▼ 95.7% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €680k | €251k | €614k | €2k | €4k | ▲ 64.8% |
| + Depreciation and write-downs630 | €2k | €2k | €2k | €2k | €2k | = |
| Operating cash flow (approximation) | €682k | €253k | €616k | €5k | €6k | ▲ 34.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-209k | €-106k | €-136k | €98k | ▲ 172% |
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 2027, expected by
2026
10-09
NBB filing
Annual accounts filed
fiscal year 2026 · full schema
2025
24-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
06-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Equity above €1MEq €1.10M ▲29.6%
3 profitable years in a row build equity to €1.10M.
2022
04-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 4 days late
31-03
Financial
Highest result since 2019net €680k ▲196%
Net result €680k, the highest in the series.
31-03
Financial
Liquidity times 115current ratio 140.44
Current ratio from 1.22 to 140.44; short-term debt falls from €555k to €6k.
31-03
Financial
Equity above €500kEq €846k ▲409%
2 profitable years in a row build equity to €846k.
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Back to profitnet €229k
Net result €229k after one loss-making year.
31-03
Financial
Equity above €150kEq €166k
Equity rises from €-63k to €166k.
Show earlier events
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 10 days late
31-03
Financial
Weakest financial yearnet €-21k
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
26-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Roeselare
Ground area
2,273 m²
Building footprint
1,505 m²
Volume, LiDAR
16,400 m³
Parcel 36503C1500/00D000, Flanders · tallest building 20.2 m, ±4 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36503C1500/00D000 | Flanders | 2,273 m² | 1 · 1,505 m² | 20.2 m · 4 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.
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 3,191 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
Founded04-07-2005
Fiscal year end31-03
Activities, NACEBEL 2025
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.