Financials
- Fiscal year
- 2026
- Total assets
- €375,619
- Loss
- -€70,735
- Solvency
- -108.7%
Total assets▼ 22.3%
Net result
20192026
GRONDPADMAN
ActiveSummary
The computed 12-month bankruptcy probability of GRONDPADMAN is 1.6% (moderate). The 2026 annual accounts show negative equity (-€408,193) and a net result of -€70,735. Equity is shrinking by ~18.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 311 sector peers (fiscal year 2026). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Retail sale of motor vehicle parts and accessories
NACE 47820NACE 45320
1 site
Size
€375,619total assets 2026
- Equity
- -€408,193
- Loss
- -€70,735
Turnover not published (abridged schema)
Structure
Accounts 121 d early0 of 5 deeds read
Why 53Capped at 59: negative equity- Loss of €70,735 (FY 2026)- Negative equity -€408,193- Sector Retail trade (NACE 47)+ Size: total assets €375,619Show the evidence
Checked score
Score 2026
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 14% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2025
Weak
Solvency
0=
equity -108.7% of total assets
Liquidity
26-24
short-term debt 187.0% · cash 20.7%
Profitability
0-90
return on assets -18.8%
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 16 months
07-2025: 8.2%highest value
08-2025: 7.9%▼ -3.6% vs 07-2025
09-2025: 7.6%▼ -4.1% vs 08-2025
10-2025: 7.4%▼ -3.1% vs 09-2025
11-2025: 7.4%▲ +0.4% vs 10-2025
12-2025: 0.6%▼ -92.0% vs 11-2025
01-2026: 0.6%● 0.0% vs 12-2025
02-2026: 0.6%● 0.0% vs 01-2026
03-2026: 0.6%● 0.0% vs 02-2026
04-2026: 0.6%● 0.0% vs 03-2026
05-2026: 0.6%▲ +1.5% vs 04-2026
06-2026: 0.6%▼ -3.8% vs 05-2026lowest value
07-2026: 0.6%● 0.0% vs 06-2026lowest value
08-2026: 1.6%▲ +173% vs 07-2026
09-2026: 1.6%● 0.0% vs 08-2026
10-2026: 1.6%● 0.0% vs 09-2026
- Loss of €70,735 (FY 2026) raises the probability
- Size: total assets €375,619 lowers the probability for this profile
- Negative equity -€408,193 raises the probability
- Sector Retail trade (NACE 47) raises the probability
No credit on open account
Liquidity short (current ratio 0.2 against 0.32 in 2025; short-term debt: 187% and cash: 20.7% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, micro). Better than this share of them on solvency 6%, liquidity 23%, profitability 6%, growth against the median 19%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2026 annual accounts show negative equity and a net loss.
NBB · annual accounts 2026Equity per financial year
1920212223242526
2019 to 2026 · latest year -€408,193
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 02-07-2026, 121 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
121 d early
2025
18 d late
2024
188 d late
2023
34 d late
2022
365 d late
2021
335 d late
2020
70 d late
← 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 127 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
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. Usually files around 4 December (4 of the last 5 filed years within 155 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-03-2027 close31-10-2027 deadline
- Annual accounts filedfiscal year 2026 · abbreviated…
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 11
- Since
- 2017
- Next accounts
- by 31-10-2027
- 02-07-2026Annual accounts filed
- 18-11-2025Annual accounts filed
- 07-05-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Retail sale of motor vehicle parts and accessoriesNACE 47820
- Founded
- 14-04-2005
- Year ends
- 31-03
- Peppol
- Reachable for e-invoices
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