Grondwerken Meirhaeghe
ActiveGrondwerken Meirhaeghe has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €281k and a net result of €56k. Equity is growing by ~16.8% per year across the filed fiscal years. Its solvency ranks better than 77% of 2176 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▲+6
Solvency90▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 2.52 against 2.97 in 2024; short-term debt: 15.9% and cash: 22.1% of total assets), and 35.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
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
64.9%
Return on assets
12.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
26 d late
2023
11 d late
2022
7 d late
2021
18 d late
2020
25 d early
2019
48 d late
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€281k▲ 24.9%
2024 · €225k
2018: €162k
2019: €99k
2020: €125k
2021: €109k
2022: €129k
2023: €197k
2024: €225k
2018 → 2025
Total assets
€433k▲ 28.0%
2024 · €338k
2018: €384k
2019: €181k
2020: €204k
2021: €177k
2022: €230k
2023: €300k
2024: €338k
2018 → 2025
Net result
€56k▲ 96.2%
2024 · €29k
2018: €-4k
2019: €-63k
2020: €26k
2021: €-17k
2022: €20k
2023: €68k
2024: €29k
2018 → 2025
Working capital
€105k▼ 1.4%
2024 · €106k
2018: €80k
2019: €40k
2020: €63k
2021: €59k
2022: €86k
2023: €95k
2024: €106k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€109k-€129k▲ 18.6%€197k▲ 52.5%€225k▲ 14.5%€281k▲ 24.9%
Operating result€-14k-€24k€84k▲ 253%€44k▼ 48.0%€84k▲ 93.3%
Net result€-17k-€20k€68k▲ 234%€29k▼ 57.9%€56k▲ 96.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 93% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €433k
Fixed assets
€259k▲ 45.7%
Current assets
€174k▲ 8.4%
Equity and liabilities €433k
Equity
€281k▲ 24.9%
Debt
€152k▲ 34.2%
The debt ratio rises from 33.5% to 35.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€118k▲
2024 · €71k
Cash flow
€89k▲
2024 · €56k
Solvency
64.9%▼
2024 · 66.5%
Current ratio
2.52▼
2024 · 2.97
Quick ratio
2.52▼
2024 · 2.93
Debt / equity
0.54▲
2024 · 0.50
ROE
19.9%▲
2024 · 12.7%
ROA
12.9%▲
2024 · 8.4%
Interest coverage
16.43▲
2024 · 14.85
Debt
€152k▲
2024 · €113k
Debt ≤ 1 year
€69k▲
2024 · €54k
Debt > 1 year
€83k▲
2024 · €59k
Income taxes
€23k▲
2024 · €12k
Staff costs
€9k▼
2024 · €10k
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€338k€433k▲
Fixed assets21/28€178k€259k▲
Tangible fixed assets22/27€178k€259k▲
Land and buildings22€373€30k▲
Plant, machinery and equipment23€173k€204k▲
Furniture and vehicles24€5k€25k▲
Current assets29/58€160k€174k▲
Amounts receivable after more than one year29€38k€37k▼
Trade receivables290€38k€37k▼
Stocks and contracts in progress3€2k€0▼
Stocks30/36€2k€0▼
Amounts receivable within one year40/41€17k€35k▲
Trade receivables40€14k€29k▲
Other amounts receivable41€3k€7k▲
Cash at bank and in hand54/58€98k€96k▼
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€338k€433k▲
Equity10/15€225k€281k▲
Contributions10/11€12k€12k=
Reserves13€213k€269k▲
Tax-exempt reserves132€13k€13k=
Distributable reserves133€199k€255k▲
Amounts payable17/49€113k€152k▲
Amounts payable after more than one year17€59k€83k▲
Financial debts170/4€59k€83k▲
Amounts payable within one year42/48€54k€69k▲
Current portion of amounts payable after more than one year42€24k€40k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€14k€16k▲
Suppliers440/4€14k€16k▲
Taxes, remuneration and social security45€13k€10k▼
Taxes450/3€9k€10k▲
Remuneration and social security454/9€4k€585▼
Other amounts payable47/48€4k€3k▼
Accrued charges and deferred income492/3-€130
Income statement
Code20242025
Non-recurring operating income76A€0€7k▲
Remuneration, social security and pensions62€10k€9k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€33k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A€344€0▼
Gross operating margin9900€83k€129k▲
Operating profit (loss)9901€44k€84k▲
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€5k€7k▲
Recurring financial charges65€5k€7k▲
Profit (loss) for the period before taxes9903€41k€79k▲
Income taxes67/77€12k€23k▲
Profit (loss) for the period9904€29k€56k▲
Profit (loss) for the period to be appropriated9905€29k€56k▲
Appropriation of the result
Profit (loss) to be appropriated9906€29k€56k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€29k€56k▲
To other reserves6921€29k€56k▲
Social balance
Average headcount (FTE)9087-0.3
The notes to these accounts (14 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Equity above €200kEq €225k ▲14.5%
3 profitable years in a row build equity to €225k.
11-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 11 days late
2023
31-12
Financial
Highest result since 2018net €68k ▲234%
Net result €68k, the highest in the series.
31-12
Financial
Equity above €150kEq €197k ▲52.5%
2 profitable years in a row build equity to €197k.
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €26k
Net result €26k after 2 loss-making years.
31-12
Financial
Equity above €100kEq €125k ▲26.3%
Equity rises from €99k to €125k.
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 48 days late
2019
31-12
Financial
Weakest financial yearnet €-63k
Net result drops to €-63k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 312 days late
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, Deinze · 1 establishment unit since 1990
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.
Smeetsstede 169850 DeinzeGround area
2,508 m²
Building footprint
322 m²
Volume, LiDAR
923 m³
2 parcels, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BOUWONDERNEMING E. MEIRHAEGHE
since 19902.047.965.651
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44030C0163/00L000 | Flanders | 1,735 m² | 1 · 183 m² | 7.6 m · 2 fl. |
| 44030C0481/00B000 | Flanders | 772 m² | 1 · 139 m² | 0.9 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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STICHELBOUT CONSTRUCT
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Of 29,801 companies in sector 41001 we hold annual accounts for 16,045. 11,171 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-03-1990
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
45211
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.