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GRONDWERKEN B.M.V.

Active
Private limited companyfounded 2000active for 26 yearsMandesweg 1, 8770 Ingelmunster, BelgiumKBO/BCE: BE 0473.047.917
Summary

GRONDWERKEN B.M.V. has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €729,517 and a net result of €175,497. Equity has been growing by about 5% per year since 2018. Its solvency ranks better than 23% of 34,902 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 17-10-2000 Normal situation
Activity
Site preparation NACE 43120
Joint committees
124 Paritair Comité voor het bouwbedrijf
200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
Establishment unit
2.101.085.029 8770 Ingelmunster, since 12-12-2000
Financial year end
31 December
Peppol
Reachable since 24-12-2025

Board and ownership

Financial position

92 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Gross margin
€1.7m
▲ 0.8%
Turnover
≈ €4.7m
estimated
Profit
€175,497
▲ 115%
Equity
€729,517
▲ 13.3%
Total assets
€3.4m
▼ 4.5%
Employees on 31-12-2025
13
▼ 23.5%
  • 2025 accounts filed 24 days after the deadline
Filed on 24-08-2026
Score breakdownraises riskSector: Specialised construction activities (NACE 43)Liquidity: current ratio 0.45, cash €126,322lowers riskSize: total assets €3.4mFigures for financial year 2025 (filed on 26-08-2026)Show the evidence

Checked score

Score 2025
92 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 46% of small companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Average
Solvency 46+3
equity 21.4% of total assets
Liquidity 37+5
short-term debt 38.6% · cash 3.7%
Profitability 75+8
return on assets 5.2%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.3% (2,649 companies, NACE 43, small)
Last 24 months 12-2024: 0.6% 01-2025: 0.6%● unchanged vs 12-2024 02-2025: 0.6%● unchanged vs 01-2025 03-2025: 0.7%▲ +0.1 percentage points vs 02-2025 04-2025: 0.8%▲ +0.1 percentage points vs 03-2025 05-2025: 0.8%● unchanged vs 04-2025 06-2025: 0.8%● unchanged vs 05-2025 07-2025: 1.0%▲ +0.2 percentage points vs 06-2025 08-2025: 1.5%▲ +0.5 percentage points vs 07-2025highest value 09-2025: 0.3%▼ -1.2 percentage points vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.4%▲ +0.1 percentage points vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.5%▲ +0.1 percentage points vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 1.1%▲ +0.6 percentage points vs 07-2026 09-2026: 0.1%▼ -1.0 percentage point vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value 11-2026: 0.1%● unchanged vs 10-2026lowest value
Credit of up to €65,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.45 (0.48 in 2024), below 1. Short-term debt is 38.6% and cash 3.7% of total assets. 78.6% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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 43, small). It does better than 23% of them on solvency, 35% on liquidity, 57% on profitability and 67% on growth.

The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises risk
lowers risk · Size: total assets €3.4m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
lowers risk · Figures for financial year 2025 (filed on 26-08-2026)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.45, cash €126,322
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 34902 sector peers (2025).
NBB · sector comparison
Position among 34902 sector peers
Solvency
better than 23%
← weakest strongest →
raises risk · 2025 accounts filed 24 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
24 days late
2024
20 days late
2023
19 days late
2022
23 days late
2021
24 days late
2020
25 days late
2019
31 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 24 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Result rose in 2025from €81,756 to €175,497 ▲ 115% View
  • Positive: Higher net result than 95% of companies in specialised constructionsector median €10,227 · 34,889 companies €175,497 View
  • Positive: 8 profitable years in a rowprofit 2025: €175,497 8 years View

Recent changes

  1. · Gazette deed Resignation: VANLANDEGHEM Kristof (director)Reappointment: VANLANDEGHEM Kristof (director)
  2. · Gazette deed Incorporation
All 14 events

Comparable companies

These companies have the same main activity as GRONDWERKEN B.M.V.: site preparation (NACE 43120). They are comparable in size and age: total assets between €3.1m and €4.2m, founded between 1996 and 2002.

CompanyTotal assetsGross margin
GRONDWERKEN B.M.V. Ingelmunster€3.4m€1.7m
GRONDWERKEN TONY SOENENS Wielsbeke€4.2m€1.9m
TRAVAPAC Courcelles€3.1m€1.7m
BREUGELMANS EN ZOON Turnhout€3.4m€1.9m
ALGEMENE AANNEMINGEN SMETS Retie€3.5m€1.8m
TZ DAEMS Arendonk€3.9m€1.4m
Michel PREVOT Ouffet€3.1m€1.7m
Full comparison

Key facts about GRONDWERKEN B.M.V.

What is the company number of GRONDWERKEN B.M.V.?
The company number of GRONDWERKEN B.M.V. is 0473.047.917. The VAT number is the same number with BE in front: BE 0473.047.917.
Where is GRONDWERKEN B.M.V. based?
The registered office is at Mandesweg 1, 8770 Ingelmunster.Company details
What does GRONDWERKEN B.M.V. do?
According to the KBO register, the main activity is site preparation (NACE 43120).
What is the legal form of GRONDWERKEN B.M.V.?
The legal form of GRONDWERKEN B.M.V. is Private limited company (BV).
When was GRONDWERKEN B.M.V. founded?
GRONDWERKEN B.M.V. was founded on 17-10-2000.
Is GRONDWERKEN B.M.V. still active?
Yes, GRONDWERKEN B.M.V. is an active enterprise in the KBO register.
How many employees does GRONDWERKEN B.M.V. have?
GRONDWERKEN B.M.V. had an average of 14.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does GRONDWERKEN B.M.V. fall under?
In its 2025 annual accounts, GRONDWERKEN B.M.V. states joint committees 124 (Paritair Comité voor het bouwbedrijf) and 200 (Aanvullend Paritair Comité voor de bedienden).
What is the turnover of GRONDWERKEN B.M.V.?
The turnover in financial year 2025 is ≈ €4.7m. This figure is estimated from the gross margin of €1.7m and 70 comparable companies (NACE 43). It probably lies between €3.6m and €6.3m.
Is GRONDWERKEN B.M.V. profitable?
In financial year 2025, GRONDWERKEN B.M.V. made a profit of €175,497.
Where can I find the annual accounts of GRONDWERKEN B.M.V.?
GRONDWERKEN B.M.V. filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of GRONDWERKEN B.M.V. due?
GRONDWERKEN B.M.V. must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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