Active BE 0788.691.162Private limited company

Grondwerken Michael Boon

Oostendestraat 89 ·8600 Diksmuide, Belgium· 4 yrs active

Sector: Handelsbemiddeling in de groothandel in brandstoffen, ertsen, metalen en chemische producten (46120)

Conclusion Checked

The computed 12-month bankruptcy probability of Grondwerken Michael Boon is 1.6% (moderate). The 2025 annual accounts show equity of €119k and a net result of €12k. Its solvency ranks better than 23% of 337 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€119k
Net result	€12k
Better than sector	23%
Active	4 yrs

Financial profile 5 of 5 axes measured · computed by Checked

58 / 100

Mixed profile: strong on stability, weaker on solvency.

All 5 axes are computed from data Checked has read.

Health 68

Profitability 51

Solvency 27

Growth 52

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

1.6% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2022, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2025 · computed

68 / 100 Healthy

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview2 NBB filings

Annual accounts filed on 31-10-2025 with the NBB · fiscal year 2025 · verkort

Operating resultNet result

Sector comparison

Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	10.0%	36.4%	better than 23% of 337 sector peers
Net result	€12k	€44k	better than 35% of 337 sector peers
Equity	€119k	€279k	better than 33% of 337 sector peers
Gross operating margin	€465k	€242k	better than 69% of 336 sector peers
Staff costs	€148k	€173k	higher than 43% of 213 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€250k

-20.2% 24-25

Net profit

€12k

-75.8% 24-25

Cash flow

€231k

-14.4% 24-25

Total assets

€1.19M

+23.0% 24-25

Equity

€119k

+64.4% 24-25

Working capital

€179k

- 24-25

Employees (FTE)

0

-100.0% 24-25

Staff costs

€148k

-62.2% 24-25

Show 11 other metrics

Income taxes

€3k

-75.8% 24-25

Debt

€1.07M

+19.6% 24-25

Debt ≤ 1y

€445k

-48.2% 24-25

Debt > 1y

€174k

- 24-25

Current ratio

1.40

+140.0% 24-25

Quick ratio

1.40

+140.0% 24-25

Solvency

10.0%

+33.7% 24-25

Debt / equity

8.99

-27.2% 24-25

ROE

10.3%

-85.3% 24-25

ROA

1.0%

-80.4% 24-25

Interest coverage

16.26

+55.8% 24-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	verkort
Revenue	-
EBITDA	€250k
Net profit	€12k
Cash flow	€231k
Staff costs	€148k
Income taxes	€3k
Dividends	-
Total assets	€1.19M
Equity	€119k
Debt	€1.07M
of which ≤ 1y	€445k
of which > 1y	€174k
Working capital	€179k
Employees (FTE)	0.0

Ratios (computed)

	2025
Current ratio	1.40
Quick ratio	1.40
Working capital ratio	15.1%
Solvency	10.0%
Debt / equity	8.99
Long-term debt ratio	1.47
Interest coverage	16.26
Gross margin	-
Net margin	-
ROA	1.0%
ROE	10.3%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €563k · 47.4% Current assets €624k · 52.6%

Equity & liabilities

Equity €119k · 10.0% Debt €1.07M · 90.0%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.19M
Fixed assets	21/28	€563k
Intangible fixed assets	21	€250
Tangible fixed assets	22/27	€560k
Financial fixed assets	28	€3k
Current assets	29/58	€624k
Amounts receivable within one year	40/41	€479k
Cash & bank	54/58	€145k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.19M
Equity	10/15	€119k
Contributions / capital	10/11	€22k
Reserves	13	€97k
Amounts payable	17/49	€1.07M
Amounts payable after one year	17	€174k
Amounts payable within one year	42/48	€445k
Trade debts payable within one year	44	€204k
Income statement
Gross operating margin	9900	€465k
Operating result	9901	€31k
Financial income	75	€0
Financial charges	65	€15k
Result before taxes	9903	€15k
Income taxes	67/77	€3k
Net result for the period	9904	€12k
Result to be appropriated	9905	€12k

This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Handelsbemiddeling in de groothandel in brandstoffen, ertsen, metalen en chemische producten(46120)
Legal form	Private limited company(610)
Incorporation	18-07-2022
Status	Active
Postal code	8600

Establishment units 1 location

Grondwerken Michael Boon

Oostendestraat(BEE) 89, 8600 DiksmuideOndersteunende activiteiten in verband met de teelt van gewassen

since 20222.334.185.531

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
32001A0348/00F000	Flanders	938 m²	1 · 255 m²	10.1 m · 1 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 2 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

31-10-2025

NBB filing Annual accounts filed

fiscal year 2025 · verkort

2024

31-10-2024

NBB filing Annual accounts filed

fiscal year 2024 · verkort

Belgian State Gazette reading coverage 0 of 1 acts read

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Ondersteunende activiteiten in verband met de teelt van gewassen01610Ondersteunende activiteiten in verband met de teelt van gewassen01610Handelsbemiddeling in brandstoffen, ertsen, metalen en chemische producten46120Handelsbemiddeling in de groothandel in brandstoffen, ertsen, metalen en chemische producten46120Ondersteunende activiteiten in verband met de teelt van gewassen01610Ondersteunende activiteiten in verband met de teelt van gewassen01610

Primary activity highlighted.

Names & trade names

Legal nameNL	Grondwerken Michael Boon
AbbreviationNL	GMB

Registered office

Oostendestraat 89

8600 Diksmuide, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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