GRONDWERKEN ML
ActiveThe computed 12-month bankruptcy probability of GRONDWERKEN ML is 2.4% (moderate). The 2024 annual accounts show equity of €91k and a net result of €32k. Equity is growing by ~80.3% per year across the filed fiscal years. Its solvency ranks better than 42% of 36378 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
81
/ 100
Excellent▼ -5 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency68▲+23
Growth78=
Stability94
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.17 in 2023), and 60.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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 →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
61 d late
2022
31 d late
2021
30 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€91k▲ 52.8%
2023 · €60k
2021: €2k
2022: €17k
2023: €60k
2021 → 2024
Total assets
€229k▲ 2.4%
2023 · €224k
2021: €98k
2022: €218k
2023: €224k
2021 → 2024
Net result
€32k▼ 26.8%
2023 · €43k
2021: €1k
2022: €15k
2023: €43k
2021 → 2024
Working capital
€31k▲ 70.5%
2023 · €18k
2021: €-8k
2022: €-4k
2023: €18k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€2k-€17k▲ 731%€60k▲ 259%€91k▲ 52.8%
Operating result€2k-€17k▲ 1,011%€64k▲ 271%€48k▼ 26.0%
Net result€1k-€15k▲ 1,152%€43k▲ 195%€32k▼ 26.8%
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 2024; 2024 is 26% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €228k
Fixed assets
€92k▼ 5.4%
Current assets
€137k▲ 8.8%
Equity and liabilities €229k
Equity
€91k▲ 52.8%
Debt
€138k▼ 16.0%
The debt ratio falls from 73.3% to 60.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€81k▼
2023 · €93k
Cash flow
€65k▼
2023 · €71k
Solvency
39.8%▲
2023 · 26.7%
Current ratio
1.30▲
2023 · 1.17
Quick ratio
1.30▲
2023 · 1.17
Debt / equity
1.51▼
2023 · 2.75
ROE
34.6%▼
2023 · 72.2%
ROA
13.8%▼
2023 · 19.3%
Interest coverage
18.45▼
2023 · 23.84
Debt
€138k▼
2023 · €164k
Debt ≤ 1 year
€105k▼
2023 · €107k
Debt > 1 year
€29k▼
2023 · €54k
Income taxes
€12k▼
2023 · €18k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€224k€229k▲
Formation expenses20€1k€598▼
Fixed assets21/28€97k€92k▼
Tangible fixed assets22/27€97k€92k▼
Plant, machinery and equipment23€26k€35k▲
Furniture and vehicles24€13k€16k▲
Leasing and similar rights25€58k€41k▼
Current assets29/58€126k€137k▲
Amounts receivable within one year40/41€54k€44k▼
Trade receivables40€40k€30k▼
Other amounts receivable41€14k€15k▲
Cash at bank and in hand54/58€71k€91k▲
Deferred charges and accrued income490/1€1k€1k=
Equity and liabilities
Total equity and liabilities10/49€224k€229k▲
Equity10/15€60k€91k▲
Contributions10/11€2k€2k=
Reserves13€43k€75k▲
Distributable reserves133€43k€75k▲
Profit (loss) carried forward14€15k€15k=
Amounts payable17/49€164k€138k▼
Amounts payable after more than one year17€54k€29k▼
Financial debts170/4€54k€29k▼
Amounts payable within one year42/48€107k€105k▼
Current portion of amounts payable after more than one year42€26k€26k▼
Trade debts44€26k€48k▲
Suppliers440/4€26k€48k▲
Taxes, remuneration and social security45€6k€4k▼
Taxes450/3€4k€4k▲
Remuneration and social security454/9€2k-
Other amounts payable47/48€49k€28k▼
Accrued charges and deferred income492/3€2k€3k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€33k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€96k€85k▼
Operating profit (loss)9901€64k€48k▼
Financial income75/76B€506-
Recurring financial income75€506-
Financial charges65/66B€4k€4k▲
Recurring financial charges65€4k€4k▲
Profit (loss) for the period before taxes9903€61k€43k▼
Income taxes67/77€18k€12k▼
Profit (loss) for the period9904€43k€32k▼
Profit (loss) for the period to be appropriated9905€43k€32k▼
Appropriation of the result
Profit (loss) to be appropriated9906€58k€46k▼
Profit (loss) brought forward from the previous period14P€15k€15k=
Transfer to equity691/2€43k€32k▼
To other reserves6921€43k€32k▼
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
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Highest result since 2021net €43k ▲195%
Operating result €64k, net result €43k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 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, Menen · 1 establishment unit since 2021
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.
Preshoekstraat 288930 MenenGround area
746 m²
Building footprint
125 m²
Volume, LiDAR
646 m³
Parcel 34024B0098/00G000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GRONDWERKEN ML
since 20212.314.433.856
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34024B0098/00G000 | Flanders | 746 m² | 1 · 125 m² | 7.9 m · 2 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.
Similar companies · same sector, comparable size
KOYE
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Fransen
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CREYNS & CO
BE 0804.902.733
Maaseik · Eq €91k
NINNO RENOV
BE 1003.003.853
Héron · Eq €91k
D.L.T.P.
BE 0676.391.490
Florennes · Eq €91k
Of 8,403 companies in sector 43120 we hold annual accounts for 3,206. 2,613 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-03-2021
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
77399Renting and leasing of other machinery, equipment and tangible goods
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@grondwerkenml.be