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GROOT EILAND 34

Active
Private limited company (pre-2019)founded 201412 yrs activeGroot Eiland 66, 1000 Brussel, BelgiumKBO/BCE: BE 0561.962.966
Summary

The computed 12-month bankruptcy probability of GROOT EILAND 34 is 2.4% (moderate). The 2024 annual accounts show equity of €535,071 and a net result of -€25,115. Equity is shrinking by ~5.5% per year across the filed fiscal years. The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability64▼-5
Solvency100=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
2.4% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity tight (current ratio 1.08 against 1.11 in 2023; short-term debt: 23.7% and cash: 8.6% of total assets), and 25.2% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · 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
74.8%
Return on assets
-3.5%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 12 years 0 20 y
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 · 10 filings
Deviation from the deadline
2025
not confirmed
2024
31 d late
2023
30 d late
2022
29 d late
2021
31 d late
2020
6 d late
2019
77 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 34 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · 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

History

On 16 September 2014, GROOT EILAND 34 was incorporated.1 Total assets went from EUR 774,660 in 2018 to EUR 715,190 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€25,115▼ 1,977%
2023 · -€1,209
Working capital
€13,284▼ 18.8%
2023 · €16,369
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result-€15,156▼ 23.7%-€6,511▲ 57.0%-€3,876▲ 40.5%-€4,290▼ 10.7%-€28,191▼ 557%
Net result-€13,241▼ 7.8%-€3,685▲ 72.2%-€795▲ 78.4%-€1,209▼ 52.1%-€25,115▼ 1,977%
Equity€735,875▼ 1.8%€732,190▼ 0.5%€561,395▼ 23.3%€560,186▼ 0.2%€535,071▼ 4.5%
Total assets€749,380▼ 1.6%€758,521▲ 1.2%€854,325▲ 12.6%€727,394▼ 14.9%€715,190▼ 1.7%
Debt€13,505▲ 7.4%€26,331▲ 95.0%€292,930▲ 1,012%€167,208▼ 42.9%€180,119▲ 7.7%
Working capital€158,666▲ 4.6%€156,549▼ 1.3%-€4,854€16,369€13,284▼ 18.8%
Result per fiscal year
Operating resultNet result
-€30,000-€20,000-€10,000€0Operating result 2020: -€15,156-€15,156Net result 2020: -€13,241-€13,241Operating result 2021: -€6,511-€6,511Net result 2021: -€3,685-€3,685Operating result 2022: -€3,876-€3,876Net result 2022: -€795-€795Operating result 2023: -€4,290-€4,290Net result 2023: -€1,209-€1,209Operating result 2024: -€28,191-€28,191Net result 2024: -€25,115-€25,11520202021202220232024-€30,000-€20,000-€10,000€0Operating result 2022: -€3,876-€3,880Net result 2022: -€795-€795Operating result 2023: -€4,290-€4,290Net result 2023: -€1,209-€1,210Operating result 2024: -€28,191-€28,200Net result 2024: -€25,115-€25,100202220232024
The operating result stays negative: a loss of €28,191 in 2024 against €4,290 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €715,190
Fixed assets €532,533 ▼ 4.1%
Current assets €182,657 ▲ 6.2%
Equity and liabilities €715,190
Equity €535,071 ▼ 4.5%
Debt €180,119 ▲ 7.7%
Debt's share of the balance-sheet total rises from 23.0% to 25.2%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€16,317▼
2023 · €38,509
Cash flow
€19,394▼
2023 · €41,590
Current ratio
1.08▼
2023 · 1.11
Debt to equity
0.34▲
2023 · 0.30
ROE
-4.7%▼
2023 · -0.2%
ROA
-3.5%▼
2023 · -0.2%
Interest coverage
375.10▼
2023 · 987.42
Debt ≤ 1 year
€169,374▲
2023 · €155,668
Debt > 1 year
€10,745=
2023 · €10,745
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,685 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.

  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a small loss
0.5% went bankrupt
5.5% stopped otherwise
94% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,685 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 37 lines
Balance sheet Code20232024
Assets
Total assets20/58€727,394€715,190▼
Fixed assets21/28€555,357€532,533▼
Tangible fixed assets22/27€555,357€532,533▼
Land and buildings22€555,357€532,533▼
Current assets29/58€172,037€182,657▲
Amounts receivable within one year40/41€121,104€120,826▼
Trade receivables40-€826
Other amounts receivable41€121,104€120,000▼
Cash at bank and in hand54/58€50,933€61,832▲
Equity and liabilities
Total equity and liabilities10/49€727,394€715,190▼
Equity10/15€560,186€535,071▼
Contributions10/11€25,000€25,000=
Reserves13€1,769€1,769=
Non-distributable reserves130/1€1,769€1,769=
Reserves not available under the articles1311€1,769€1,769=
Profit (loss) carried forward14€533,417€508,302▼
Amounts payable17/49€167,208€180,119▲
Amounts payable after more than one year17€10,745€10,745=
Other amounts payable178/9€10,745€10,745=
Amounts payable within one year42/48€155,668€169,374▲
Trade debts44€2,002€13,017▲
Suppliers440/4€2,002€13,017▲
Other amounts payable47/48€153,667€156,357▲
Accrued charges and deferred income492/3€795-
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42,800€44,508▲
Other operating charges640/8€2,894€3,601▲
Gross operating margin9900€41,404€19,918▼
Operating profit (loss)9901-€4,290-€28,191▼
Financial income75/76B€3,120€3,120=
Recurring financial income75€3,120€3,120=
Financial charges65/66B€39€44▲
Recurring financial charges65€39€44▲
Profit (loss) for the period before taxes9903-€1,209-€25,115▼
Profit (loss) for the period9904-€1,209-€25,115▼
Profit (loss) for the period to be appropriated9905-€1,209-€25,115▼
Appropriation of the result
Profit (loss) to be appropriated9906€533,417€508,302▼
Profit (loss) brought forward from the previous period14P€534,626€533,417▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34,852€36,052€38,893€42,800€44,508▲ 4.0%
Other operating charges640/8-€3,104€3,158€2,894€3,601▲ 24.4%
Gross operating margin9900€22,784€32,644€38,175€41,404€19,918▼ 51.9%
Operating profit (loss)9901-€15,156-€6,511-€3,876-€4,290-€28,191▼ 557%
Financial income75/76B-€2,864€3,120€3,120€3,120=
Recurring financial income75€1,950€2,864€3,120€3,120€3,120=
Financial charges65/66B-€37€39€39€44▲ 11.5%
Recurring financial charges65€35€37€39€39€44▲ 11.5%
Profit (loss) for the period before taxes9903-€13,241-€3,685-€795-€1,209-€25,115▼ 1,977%
Profit (loss) for the period9904-€13,241-€3,685-€795-€1,209-€25,115▼ 1,977%
Profit (loss) for the period to be appropriated9905-€13,241-€3,685-€795-€1,209-€25,115▼ 1,977%
Line20202021202220232024Change
Assets
Total assets20/58€749,380€758,521€854,325€727,394€715,190▼ 1.7%
Fixed assets21/28€589,279€587,772€577,430€555,357€532,533▼ 4.1%
Tangible fixed assets22/27€589,279€587,772€577,430€555,357€532,533▼ 4.1%
Land and buildings22-€587,772€577,430€555,357€532,533▼ 4.1%
Current assets29/58€160,101€170,750€276,896€172,037€182,657▲ 6.2%
Amounts receivable within one year40/41€114,088€128,833€128,833€121,104€120,826▼ 0.2%
Trade receivables40----€826-
Other amounts receivable41-€128,833€128,833€121,104€120,000▼ 0.9%
Cash at bank and in hand54/58€46,013€41,917€148,062€50,933€61,832▲ 21.4%
Equity and liabilities
Total equity and liabilities10/49€749,380€758,521€854,325€727,394€715,190▼ 1.7%
Equity10/15€735,875€732,190€561,395€560,186€535,071▼ 4.5%
Contributions10/11-€25,000€25,000€25,000€25,000=
Reserves13€1,769€1,769€1,769€1,769€1,769=
Non-distributable reserves130/1-€1,769€1,769€1,769€1,769=
Reserves not available under the articles1311-€1,769€1,769€1,769€1,769=
Profit (loss) carried forward14€709,106€705,421€534,626€533,417€508,302▼ 4.7%
Amounts payable17/49€13,505€26,331€292,930€167,208€180,119▲ 7.7%
Amounts payable after more than one year17€12,070€12,130€11,180€10,745€10,745=
Other amounts payable178/9-€12,130€11,180€10,745€10,745=
Amounts payable within one year42/48€1,435€14,201€281,750€155,668€169,374▲ 8.8%
Trade debts44€1,435€9,065€9,734€2,002€13,017▲ 550%
Suppliers440/4-€9,065€9,734€2,002€13,017▲ 550%
Other amounts payable47/48-€5,136€272,016€153,667€156,357▲ 1.8%
Accrued charges and deferred income492/3---€795--
Line20202021202220232024Change
Profit (loss) for the period9904-€13,241-€3,685-€795-€1,209-€25,115▼ 1,977%
+ Depreciation and write-downs630€34,852€36,052€38,893€42,800€44,508▲ 4.0%
Operating cash flow (approximation)€21,612€32,367€38,098€41,590€19,394▼ 53.4%
Investment in fixed assets (approximation)--€34,544-€28,551-€20,727-€21,684▼ 4.6%
Change in cash--€4,097€106,146-€97,129€10,898▲ 111%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
31-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial Weakest financial yearnet -€25,115
Net result drops to -€25,115, the lowest in the series.
30-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
29-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
06-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
2020
16-10
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 77 days late
2019
21-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 21 days late
2018
12-09
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 43 days late
2017
31-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
30-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

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.

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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, Brussel
exact location from the address register On OpenStreetMap
Ground area
133 m²
Parcel 21811M1161/00C000, Brussels. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21811M1161/00C000 Brussels 133 m² - -
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded16-09-2014
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.