GROOVEX
ActiveThe computed 12-month bankruptcy probability of GROOVEX is 2.4% (moderate). The 2025 annual accounts show equity of €47k and a net result of €570. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 23% of 445 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
47
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability38=
Solvency37▼-21
Growth52=
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.48 in 2024; short-term debt: 69.5% and cash: 36.8% of total assets), and 88.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 79
Relative position
BE, all sectors
reference
Sector 79
higher
← fewer bankruptcies
more bankruptcies →
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
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
11.7%
Return on assets
0.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 445 sector peers (2025).
NBB · sector comparisonPosition among 445 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-04-2026, 100 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
100 d early
2024
26 d late
2023
33 d early
2022
24 d early
2021
24 d early
← 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€47k▲ 1.2%
2024 · €47k
2021: €44k
2022: €45k
2023: €46k
2024: €47k
2021 → 2025
Total assets
€401k▲ 182%
2024 · €143k
2021: €593k
2022: €466k
2023: €209k
2024: €143k
2021 → 2025
Net result
€570▲ 4.2%
2024 · €547
2021: €54k
2022: €712
2023: €1k
2024: €547
2021 → 2025
Working capital
€122k▲ 163%
2024 · €47k
2021: €44k
2022: €45k
2023: €46k
2024: €47k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€44k-€45k▲ 1.6%€46k▲ 3.1%€47k▲ 1.2%€47k▲ 1.2%
Operating result€55k-€1k▼ 97.8%€3k▲ 117%€756▼ 71.1%€1k▲ 97.2%
Net result€54k-€712▼ 98.7%€1k▲ 95.8%€547▼ 60.7%€570▲ 4.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 97% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €401k
Equity
€47k▲ 1.2%
Debt
€354k▲ 269%
The debt ratio rises from 67.4% to 88.3%. Equity and debt are higher.
Key figures and ratios
Solvency
11.7%▼
2024 · 32.6%
Current ratio
1.44▼
2024 · 1.48
Quick ratio
1.44▼
2024 · 1.48
Debt / equity
7.52▲
2024 · 2.06
ROE
1.2%▲
2024 · 1.2%
ROA
0.1%▼
2024 · 0.4%
Debt
€354k▲
2024 · €96k
Debt ≤ 1 year
€279k▲
2024 · €96k
Debt > 1 year
€75k
Income taxes
€277▼
2024 · €769
Staff costs
€7k
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€143k€401k▲
Current assets29/58€143k€401k▲
Amounts receivable within one year40/41€749€248k▲
Trade receivables40€0€247k▲
Other amounts receivable41€749€852▲
Current investments50/53€0-
Cash at bank and in hand54/58€142k€148k▲
Deferred charges and accrued income490/1€240€6k▲
Equity and liabilities
Total equity and liabilities10/49€143k€401k▲
Equity10/15€47k€47k▲
Contributions10/11€40k€40k=
Reserves13€7k€7k▲
Distributable reserves133€7k€7k▲
Amounts payable17/49€96k€354k▲
Amounts payable after more than one year17-€75k
Financial debts170/4-€75k
Amounts payable within one year42/48€96k€279k▲
Trade debts44€73k€48k▼
Suppliers440/4€73k€48k▼
Advances received on contracts in progress46€23k€228k▲
Taxes, remuneration and social security45€505€4k▲
Taxes450/3€505€277▼
Remuneration and social security454/9-€3k
Accrued charges and deferred income492/3-€240
Income statement
Code20242025
Non-recurring operating income76A-€1k
Remuneration, social security and pensions62-€7k
Other operating charges640/8€728€644▼
Gross operating margin9900€1k€9k▲
Operating profit (loss)9901€756€1k▲
Financial income75/76B€1k€133▼
Recurring financial income75€1k€133▼
Financial charges65/66B€640€776▲
Recurring financial charges65€640€776▲
Profit (loss) for the period before taxes9903€1k€848▼
Income taxes67/77€769€277▼
Profit (loss) for the period9904€547€570▲
Profit (loss) for the period to be appropriated9905€547€570▲
Appropriation of the result
Profit (loss) to be appropriated9906€547€570▲
Transfer to equity691/2€547€570▲
To other reserves6921€547€570▲
The notes to these accounts (2 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
22-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Weakest financial yearnet €547 ▼60.7%
Net result drops to €547, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Leuven · 1 establishment unit since 2020
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.
Diestsevest 523000 LeuvenGround area
726 m²
Building footprint
531 m²
Volume, LiDAR
6,052 m³
2 parcels, Flanders · tallest building 27.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Groove-X / Groovex
since 20202.303.929.944
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24062H0036/00V011 | Flanders | 510 m² | 1 · 354 m² | 27.3 m · 1 fl. |
| 44043A0224/00K005 | Flanders | 216 m² | 1 · 177 m² | 13.7 m · 3 fl. |
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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Of 1,439 companies in sector 79110 we hold annual accounts for 880. 676 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-06-2020
Fiscal year end31-12
Activities, NACEBEL
79110Travel agency activities
82300Organisation of conventions and trade shows
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.