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GROOVE

Active
Non-profit associationfounded 20242 yrs activeRue Lambert-Lombard 3, 4000 Liège, BelgiumKBO/BCE: BE 1006.189.908
Summary

GROOVE has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11,470 and a net result of €11,470. Its solvency ranks better than 14% of 940 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
Axes
Profitability49
Solvency29
Growth-
Track record67
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 2.03; short-term debt: 49.3% and cash: 10.8% of total assets), but 95.6% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 940 sector peers (2025).
NBB · sector comparison
Position among 940 sector peers
Solvency
better than 14%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 14-01-2026, 17 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
17 d early
← before the deadline after the deadline →
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 20 February 2024, GROOVE was incorporated as a Non-profit association.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€11,470
Working capital
€130,871
Balance-sheet composition
Equity and liabilities €257,953
Equity €11,470
Debt €246,483
Debt finances 95.6% of the balance-sheet total.
Key figures and ratios
2025 value
Current ratio
2.03
Debt to equity
21.49
ROE
100.0%
ROA
4.4%
Debt ≤ 1 year
€127,082

Peer companies

Historical observation

Of the 2,135 companies that looked in July 2024 the way this one looks now, 5.2% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
5.2% went bankrupt
2.3% stopped otherwise
92% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.1% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

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 2,135 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 · 2025 · 30 lines
Balance sheet Code2025
Assets
Total assets20/58€257,953
Current assets29/58€257,953
Amounts receivable within one year40/41€124,002
Trade receivables40€92,280
Other amounts receivable41€31,722
Cash at bank and in hand54/58€27,850
Deferred charges and accrued income490/1€106,101
Equity and liabilities
Total equity and liabilities10/49€257,953
Equity10/15€11,470
Profit (loss) carried forward14€11,470
Amounts payable17/49€246,483
Amounts payable within one year42/48€127,082
Financial debts43€31,500
Other loans439€31,500
Trade debts44€9,483
Suppliers440/4€9,483
Advances received on contracts in progress46€19,250
Accrued charges and deferred income492/3€119,401
Income statement Code2025
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€7,000
Other operating charges640/8€86
Gross operating margin9900€19,140
Operating profit (loss)9901€12,054
Financial income75/76B€912
Recurring financial income75€912
Financial charges65/66B€1,496
Recurring financial charges65€1,496
Profit (loss) for the period before taxes9903€11,470
Profit (loss) for the period9904€11,470
Profit (loss) for the period to be appropriated9905€11,470
Appropriation of the result
Profit (loss) to be appropriated9906€11,470

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€7,000
Other operating charges640/8€86
Gross operating margin9900€19,140
Operating profit (loss)9901€12,054
Financial income75/76B€912
Recurring financial income75€912
Financial charges65/66B€1,496
Recurring financial charges65€1,496
Profit (loss) for the period before taxes9903€11,470
Profit (loss) for the period9904€11,470
Profit (loss) for the period to be appropriated9905€11,470
Line2025
Assets
Total assets20/58€257,953
Current assets29/58€257,953
Amounts receivable within one year40/41€124,002
Trade receivables40€92,280
Other amounts receivable41€31,722
Cash at bank and in hand54/58€27,850
Deferred charges and accrued income490/1€106,101
Equity and liabilities
Total equity and liabilities10/49€257,953
Equity10/15€11,470
Profit (loss) carried forward14€11,470
Amounts payable17/49€246,483
Amounts payable within one year42/48€127,082
Financial debts43€31,500
Other loans439€31,500
Trade debts44€9,483
Suppliers440/4€9,483
Advances received on contracts in progress46€19,250
Accrued charges and deferred income492/3€119,401
Line2025
Profit (loss) for the period9904€11,470
Operating cash flow (approximation)€11,470

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

2026
14-01
NBB filing Annual accounts filed
fiscal year 2025 · full schema
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 acts for this company are 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, Liège
exact location from the address register On OpenStreetMap
Ground area
816 m²
Building footprint
308 m²
Volume, LiDAR
4,633 m³
Parcel 62063A0171/00B000, Wallonia · tallest building 36.4 m, ±5 floors. Linked by address, not a title deed.
38 companies at this address See who is registered here
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62063A0171/00B000
ProtectedMonument
Wallonia 816 m² 1 · 308 m² 36.4 m · 5 fl.
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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Similar companies · same sector, comparable size

Of 4,578 companies in sector 82300 we hold annual accounts for 1,673. 931 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formNon-profit association
Founded20-02-2024
Fiscal year end30-06
Activities, NACEBEL 2025
82300Organisation of conventions and trade shows
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:1006189908
Also 9925:BE1006189908
Registered 10-10-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

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