GRONDWERKEN GROAP
ActiveThe computed 12-month bankruptcy probability of GRONDWERKEN GROAP is 2.0% (moderate). The 2025 annual accounts show equity of €52k and a net result of €3k. Equity is growing by ~24.8% per year across the filed fiscal years. Its solvency ranks better than 18% of 27450 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▼-4
Solvency40▼-8
Growth52=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity short (current ratio 0.86 against 0.91 in 2024; short-term debt: 40.7% and cash: 13.8% of total assets), and 84.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · 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 →
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
15.5%
Return on assets
1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 27450 sector peers (2025).
NBB · sector comparisonPosition among 27450 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
31 d early
2024
20 d early
2023
34 d early
2022
5 d early
2021
2 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€52k▲ 6.6%
2024 · €49k
2021: €19k
2022: €28k
2023: €39k
2024: €49k
2021 → 2025
Total assets
€335k▲ 57.6%
2024 · €212k
2021: €139k
2022: €188k
2023: €216k
2024: €212k
2021 → 2025
Net result
€3k▼ 66.8%
2024 · €10k
2021: €16k
2022: €10k
2023: €11k
2024: €10k
2021 → 2025
Working capital
€-19k▼ 179%
2024 · €-7k
2021: €556
2022: €5k
2023: €12k
2024: €-7k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€19k-€28k▲ 52.5%€39k▲ 37.8%€49k▲ 24.6%€52k▲ 6.6%
Operating result€19k-€14k▼ 25.5%€19k▲ 31.6%€20k▲ 7.4%€13k▼ 33.1%
Net result€16k-€10k▼ 39.3%€11k▲ 9.9%€10k▼ 10.3%€3k▼ 66.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 33% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €335k
Fixed assets
€217k▲ 53.1%
Current assets
€117k▲ 66.5%
Equity and liabilities €335k
Equity
€52k▲ 6.6%
Debt
€283k▲ 72.7%
The debt ratio rises from 77.1% to 84.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€73k▲
2024 · €64k
Cash flow
€63k▲
2024 · €54k
Solvency
15.5%▼
2024 · 22.9%
Current ratio
0.86▼
2024 · 0.91
Quick ratio
0.55▼
2024 · 0.71
Debt / equity
5.46▲
2024 · 3.37
ROE
6.2%▼
2024 · 19.8%
ROA
1.0%▼
2024 · 4.5%
Interest coverage
11.42▼
2024 · 12.22
Debt
€283k▲
2024 · €164k
Debt ≤ 1 year
€136k▲
2024 · €77k
Debt > 1 year
€146k▲
2024 · €86k
Income taxes
€4k▼
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€212k€335k▲
Fixed assets21/28€142k€217k▲
Tangible fixed assets22/27€142k€217k▲
Plant, machinery and equipment23€43k€114k▲
Furniture and vehicles24€99k€103k▲
Current assets29/58€70k€117k▲
Stocks and contracts in progress3€15k€43k▲
Contracts in progress37€15k€43k▲
Amounts receivable within one year40/41€43k€28k▼
Trade receivables40€37k€7k▼
Other amounts receivable41€5k€21k▲
Cash at bank and in hand54/58€12k€46k▲
Equity and liabilities
Total equity and liabilities10/49€212k€335k▲
Equity10/15€49k€52k▲
Contributions10/11€3k€3k=
Reserves13€46k€49k▲
Distributable reserves133€46k€49k▲
Amounts payable17/49€164k€283k▲
Amounts payable after more than one year17€86k€146k▲
Financial debts170/4€86k€146k▲
Amounts payable within one year42/48€77k€136k▲
Current portion of amounts payable after more than one year42€45k€64k▲
Trade debts44€26k€62k▲
Suppliers440/4€26k€62k▲
Advances received on contracts in progress46€856-
Taxes, remuneration and social security45€5k€10k▲
Taxes450/3€5k€10k▲
Other amounts payable47/48€44-
Accrued charges and deferred income492/3-€424
Income statement
Code20242025
Non-recurring operating income76A€619-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€60k▲
Other operating charges640/8€1k€778▼
Gross operating margin9900€65k€74k▲
Operating profit (loss)9901€20k€13k▼
Financial income75/76B€2€10▲
Recurring financial income75€2€10▲
Financial charges65/66B€5k€6k▲
Recurring financial charges65€5k€6k▲
Profit (loss) for the period before taxes9903€15k€7k▼
Income taxes67/77€5k€4k▼
Profit (loss) for the period9904€10k€3k▼
Profit (loss) for the period to be appropriated9905€10k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€3k▼
Transfer to equity691/2€10k€3k▼
To other reserves6921€10k€3k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €3k ▼66.8%
Net result drops to €3k, the lowest in the series.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Kortemark · 1 establishment unit since 2020
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.
Barisdamstraat 458610 KortemarkGround area
486 m²
Building footprint
117 m²
Volume, LiDAR
526 m³
Parcel 32027A0074/00E000, Flanders · tallest building 8.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
GRONDWERKEN GROAP
since 20202.308.382.343
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32027A0074/00E000 | Flanders | 486 m² | 1 · 117 m² | 8.4 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
2 categoriesGRONDWERKEN GROAP BV46514
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Of 8,452 companies in sector 43120 we hold annual accounts for 3,231. 2,503 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-09-2020
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:grondwerkengroap@hotmail.com