GROOVIT
ActiveSummary
GROOVIT has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €211,260 and a net result of €3,243. Equity is growing by ~29.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability69▼-5
Solvency60▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity short (current ratio 0.61 against 0.91 in 2023; short-term debt: 45.1% and cash: 0.2% of total assets), and 64.8% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 23-06-2026, 38 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
38 d early
2024
60 d late
2023
26 d late
2022
201 d late
2021
1 d late
2020
59 d late
2019
46 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 51 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 27 August (4 of the last 5 filed years within 65 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema, 2025 accounts filed, figures not processed yet
In the rankings
#3 company by total assets in Frasnes-lez-Anvaing, Telecoms and IT sector#7 company by equity in Frasnes-lez-Anvaing, Telecoms and IT sector
Equity
€211,260▲ 1.6%
2023 · €208,017
Total assets
€599,778▲ 3.6%
2023 · €579,164
Net result
€3,243▼ 86.8%
2023 · €24,535
Working capital
-€106,501▼ 383%
2023 · -€22,042
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€38,344▲ 33.8%€48,573▲ 26.7%€75,552▲ 55.5%€37,730▼ 50.1%€33,459▼ 11.3%
Net result€28,227within the sector's middle half▲ 73.0%€26,729within the sector's middle half▼ 5.3%€70,494above the sector's middle half▲ 164%€24,535within the sector's middle half▼ 65.2%€3,243below the sector's middle half▼ 86.8%
Equity€86,259within the sector's middle half▲ 87.8%€112,988within the sector's middle half▲ 31.0%€183,482above the sector's middle half▲ 62.4%€208,017above the sector's middle half▲ 13.4%€211,260above the sector's middle half▲ 1.6%
Total assets€323,469above the sector's middle half▲ 13.8%€357,110above the sector's middle half▲ 10.4%€460,444above the sector's middle half▲ 28.9%€579,164above the sector's middle half▲ 25.8%€599,778above the sector's middle half▲ 3.6%
Debt€237,210▼ 0.5%€244,122▲ 2.9%€276,962▲ 13.5%€371,147▲ 34.0%€388,519▲ 4.7%
Working capital-€22,685below the sector's middle half▼ 128%€10,295below the sector's middle half€15,766within the sector's middle half▲ 53.1%-€22,042below the sector's middle half-€106,501below the sector's middle half▼ 383%
Solvency26.7%below the sector's middle half▲ 10.5pp31.6%below the sector's middle half▲ 5.0pp39.8%within the sector's middle half▲ 8.2pp35.9%within the sector's middle half▼ 3.9pp35.2%within the sector's middle half▼ 0.7pp
Current ratio0.67below the sector's middle half▼ 0.221.16below the sector's middle half▲ 0.491.13below the sector's middle half▼ 0.030.91below the sector's middle half▼ 0.230.61below the sector's middle half▼ 0.30
Return on assets (ROA)8.7%within the sector's middle half▲ 3.0pp7.5%within the sector's middle half▼ 1.2pp15.3%within the sector's middle half▲ 7.8pp4.2%within the sector's middle half▼ 11.1pp0.5%below the sector's middle half▼ 3.7pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 11% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €599,778
Fixed assets
€435,894 ▲ 19.1%
Current assets
€163,884 ▼ 23.2%
Equity and liabilities €599,778
Equity
€211,260 ▲ 1.6%
Debt
€388,519 ▲ 4.7%
Debt's share of the balance-sheet total rises from 64.1% to 64.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€96,049▲
2023 · €74,028
Cash flow
€65,833▲
2023 · €60,834
Quick ratio
0.43▼
2023 · 0.70
Debt to equity
1.84▲
2023 · 1.78
ROE
1.5%▼
2023 · 11.8%
Interest coverage
10.86▲
2023 · 8.38
Debt ≤ 1 year
€270,386▲
2023 · €235,362
Debt > 1 year
€118,133▼
2023 · €135,785
Income taxes
€21,632▲
2023 · €7,079
Staff costs
€91,586▲
2023 · €69,623
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,640 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 95% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
3.6%
stopped otherwise
95%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.8% |
| 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 1,640 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €44,727 | €84,441 | €69,623 | €91,586 | ▲ 31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,568 | €14,983 | €19,546 | €36,299 | €62,590 | ▲ 72.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €56,070 | €9,915 | ▼ 82.3% |
| Other operating charges640/8 | - | €3,670 | €21,948 | €3,064 | €11,676 | ▲ 281% |
| Gross operating margin9900 | €126,747 | €111,953 | €201,486 | €202,786 | €209,226 | ▲ 3.2% |
| Operating profit (loss)9901 | €38,344 | €48,573 | €75,552 | €37,730 | €33,459 | ▼ 11.3% |
| Financial income75/76B | - | €1 | €32,542 | €3,280 | €261 | ▼ 92.0% |
| Recurring financial income75 | €1,248 | €1 | €32,542 | €671 | €261 | ▼ 61.0% |
| Non-recurring financial income76B | - | - | - | €2,609 | - | - |
| Financial charges65/66B | - | €7,869 | €11,146 | €9,396 | €8,846 | ▼ 5.9% |
| Recurring financial charges65 | €6,702 | €7,869 | €11,146 | €8,829 | €8,846 | ▲ 0.2% |
| Non-recurring financial charges66B | - | - | - | €568 | - | - |
| Profit (loss) for the period before taxes9903 | €32,890 | €40,705 | €96,947 | €31,614 | €24,875 | ▼ 21.3% |
| Income taxes67/77 | €4,663 | €13,976 | €26,454 | €7,079 | €21,632 | ▲ 206% |
| Profit (loss) for the period9904 | €28,227 | €26,729 | €70,494 | €24,535 | €3,243 | ▼ 86.8% |
| Profit (loss) for the period to be appropriated9905 | €28,227 | €26,729 | €70,494 | €24,535 | €3,243 | ▼ 86.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €323,469 | €357,110 | €460,444 | €579,164 | €599,778 | ▲ 3.6% |
| Fixed assets21/28 | €277,057 | €281,874 | €325,445 | €365,844 | €435,894 | ▲ 19.1% |
| Tangible fixed assets22/27 | €254,157 | €258,974 | €298,775 | €332,174 | €406,324 | ▲ 22.3% |
| Land and buildings22 | - | €255,974 | €298,775 | €256,967 | €248,977 | ▼ 3.1% |
| Plant, machinery and equipment23 | - | - | - | - | €1,042 | - |
| Furniture and vehicles24 | - | €3,000 | - | €75,207 | €156,305 | ▲ 108% |
| Financial fixed assets28 | €22,900 | €22,900 | €26,670 | €33,670 | €29,570 | ▼ 12.2% |
| Current assets29/58 | €46,412 | €75,236 | €134,999 | €213,320 | €163,884 | ▼ 23.2% |
| Stocks and contracts in progress3 | - | €20,000 | €32,343 | €48,154 | €48,154 | = |
| Stocks30/36 | - | €20,000 | €32,343 | €48,154 | €48,154 | = |
| Amounts receivable within one year40/41 | €7,045 | €21,121 | €97,357 | €155,478 | €114,689 | ▼ 26.2% |
| Trade receivables40 | - | €5,788 | €72,477 | €139,890 | €114,504 | ▼ 18.1% |
| Other amounts receivable41 | - | €15,333 | €24,880 | €15,588 | €185 | ▼ 98.8% |
| Cash at bank and in hand54/58 | €36,939 | €3,025 | - | €4,389 | €1,042 | ▼ 76.3% |
| Deferred charges and accrued income490/1 | - | €31,090 | €5,299 | €5,299 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €323,469 | €357,110 | €460,444 | €579,164 | €599,778 | ▲ 3.6% |
| Equity10/15 | €86,259 | €112,988 | €183,482 | €208,017 | €211,260 | ▲ 1.6% |
| Contributions10/11 | - | €20,460 | €20,460 | €20,460 | €20,460 | = |
| Profit (loss) carried forward14 | €65,799 | €92,528 | €163,022 | €187,557 | €190,800 | ▲ 1.7% |
| Amounts payable17/49 | €237,210 | €244,122 | €276,962 | €371,147 | €388,519 | ▲ 4.7% |
| Amounts payable after more than one year17 | €168,113 | €179,181 | €157,729 | €135,785 | €118,133 | ▼ 13.0% |
| Financial debts170/4 | - | €179,181 | €157,729 | €135,785 | €118,133 | ▼ 13.0% |
| Amounts payable within one year42/48 | €69,097 | €64,941 | €119,233 | €235,362 | €270,386 | ▲ 14.9% |
| Current portion of amounts payable after more than one year42 | - | €26,625 | €23,537 | €21,944 | €17,652 | ▼ 19.6% |
| Financial debts43 | - | - | €2,153 | - | - | - |
| Credit institutions430/8 | - | - | €2,153 | - | - | - |
| Trade debts44 | €32,607 | €8,886 | - | €104,345 | €147,674 | ▲ 41.5% |
| Suppliers440/4 | - | €8,886 | - | €104,345 | €147,674 | ▲ 41.5% |
| Taxes, remuneration and social security45 | - | €25,848 | €90,070 | €104,782 | €91,766 | ▼ 12.4% |
| Taxes450/3 | - | €25,848 | €87,550 | €99,679 | €66,803 | ▼ 33.0% |
| Remuneration and social security454/9 | - | - | €2,520 | €5,104 | €24,963 | ▲ 389% |
| Other amounts payable47/48 | - | €3,582 | €3,473 | €4,291 | €13,293 | ▲ 210% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,227 | €26,729 | €70,494 | €24,535 | €3,243 | ▼ 86.8% |
| + Depreciation and write-downs630 | €14,568 | €14,983 | €19,546 | €36,299 | €62,590 | ▲ 72.4% |
| Operating cash flow (approximation) | €42,795 | €41,712 | €90,039 | €60,834 | €65,833 | ▲ 8.2% |
| Investment in fixed assets (approximation) | - | -€19,800 | -€63,116 | -€76,698 | -€132,639 | ▼ 72.9% |
| Change in cash | - | -€33,914 | - | - | -€3,347 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
21-05
State Gazette act
Registered officeRegistered-office move · Director in office3 facts ▸
State Gazette act
Registered office
Registered-office move · Director in office3 facts ▸
- General meeting, 25-03-2026
- Registered-office move, 7911 Frasnes-lez-Buissenal, Chemin d'Ellignies 31
- Director in office, Benoît Verhaeghe (director)
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Weakest financial yearnet €3,243 ▼86.8%
Net result drops to €3,243, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
17-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 201 days late
2023
31-12
Financial
Equity above €200,000Eq €208,017 ▲13.4%
6 profitable years in a row build equity to €208,017.
2022
31-12
Financial
Highest result since 2018net €70,494 ▲164%
Operating result €75,552, net result €70,494, both a record.
31-12
Financial
Equity above €150,000Eq €183,482 ▲62.4%
5 profitable years in a row build equity to €183,482.
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
31-12
Financial
Equity above €100,000Eq €112,988 ▲31%
4 profitable years in a row build equity to €112,988.
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 59 days late
2020
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 46 days late
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 1 of 7 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Frasnes-lez-Anvaing · 1 establishment unit since 2017
Ground area
1,083 m²
Building footprint
204 m²
Volume, LiDAR
1,136 m³
Parcel 51022D0240/00F000, Wallonia · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GROOVIT
since 20172.264.220.520
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51022D0240/00F000 | Wallonia | 1,083 m² | 1 · 204 m² | 8.1 m · 2 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.
Recognitions · licences · registrations
Recognised contractor
5 categoriesGROOVIT SRL41407
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Of 29,996 companies in this sector we hold annual accounts for 18,400. 14,543 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded31-01-2017
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
43211General electrical installation work
62100Computer programming
77330Rental and leasing activities
95100Repair and maintenance of computers and communication equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0670582675
Also
9925:BE0670582675
Registered
30-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.