Grondwerken Daem

Active

Private limited companyfounded 20242 yrs activeNerumstraat 7, 9340 Lede, BelgiumKBO/BCE: BE 1006.379.255

The computed 12-month bankruptcy probability of Grondwerken Daem is 2.9% (moderate). The 2024 annual accounts show equity of €29k and a net result of €4k. Its solvency ranks better than 36% of 36373 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

50 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes

Profitability61

Solvency59

Growth-

Track record67

Bankruptcy probability, 12 months

2.9% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days acceptable

Liquidity tight (current ratio 1.31; short-term debt: 45.9% and cash: 2% of total assets), and 65.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

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 →

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 2024

Solvency, return and age of the figures

Solvency

34.2%

Return on assets

4.3%

Age of the figures

21 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-06-2025, 33 days ahead of the deadline.

NBB · 1 filing

Deviation from the deadline

2024

33 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€29k

Total assets

€84k

Net result

€4k

Working capital

€12k

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition

Assets €84k

39.9%

60.1%

Fixed assets €33k

Current assets €50k

Equity and liabilities €84k

34.2%

65.8%

Equity €29k

Debt €55k

Debt finances 65.8% of the balance-sheet total.

Key figures and ratios

2024 value

EBITDA

€10k

Cash flow

€7k

Solvency

34.2%

Current ratio

1.31

Quick ratio

1.31

Debt / equity

1.93

ROE

12.7%

ROA

4.3%

Interest coverage

4.48

Debt

€55k

Debt ≤ 1 year

€38k

Debt > 1 year

€15k

Income taxes

€936

Filed annual accounts

As filed with the NBB · 2024

Balance sheet Code2024

Assets

Total assets20/58€84k

Fixed assets21/28€33k

Tangible fixed assets22/27€33k

Plant, machinery and equipment23€11k

Furniture and vehicles24€23k

Current assets29/58€50k

Amounts receivable within one year40/41€37k

Trade receivables40€27k

Other amounts receivable41€10k

Cash at bank and in hand54/58€2k

Deferred charges and accrued income490/1€12k

Equity and liabilities

Total equity and liabilities10/49€84k

Equity10/15€29k

Contributions10/11€25k

Reserves13€4k

Distributable reserves133€4k

Amounts payable17/49€55k

Amounts payable after more than one year17€15k

Financial debts170/4€15k

Amounts payable within one year42/48€38k

Current portion of amounts payable after more than one year42€4k

Trade debts44€5k

Suppliers440/4€5k

Taxes, remuneration and social security45€6k

Taxes450/3€2k

Remuneration and social security454/9€4k

Other amounts payable47/48€24k

Accrued charges and deferred income492/3€2k

Income statement Code2024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k

Other operating charges640/8€338

Gross operating margin9900€10k

Operating profit (loss)9901€7k

Financial charges65/66B€2k

Recurring financial charges65€2k

Profit (loss) for the period before taxes9903€5k

Income taxes67/77€936

Profit (loss) for the period9904€4k

Profit (loss) for the period to be appropriated9905€4k

Appropriation of the result

Profit (loss) to be appropriated9906€4k

Transfer to equity691/2€4k

To other reserves6921€4k

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 1Filings 1

2025

28-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

NBB filing

Directors · office · real estate

Directors

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

Location & real-estate footprint

Registered office, Lede · 1 establishment unit since 2024

establishment The establishment unit on the map

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.

Nerumstraat 79340 Lede

Ground area

1,865 m²

Building footprint

118 m²

Volume, LiDAR

788 m³