GROPAKU
ActiveGROPAKU has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €142k and a net result of €-54k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 27451 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability46▼-15
Solvency37▼-2
Growth68=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.29 against 0.4 in 2024; short-term debt: 40.9% and cash: 0.8% of total assets), and 88% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 27451 sector peers (2025).
NBB · sector comparisonPosition among 27451 sector peers
Solvency
better than 15%
← 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 03-07-2026, 28 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
28 d early
2024
33 d early
2023
6 d early
2022
43 d early
2021
39 d early
2020
5 d early
2019
1 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€745k▲ 71.3%
2019 · €435k
2019: €435k
2019 → 2020
EBIT margin
2.9%▲ 23.4pp
2019 · -20.5%
2019: -20.5%
2019 → 2020
Net result
€-54k
2024 · €12k
2018: €29k
2019: €-99k
2020: €12k
2021: €31k
2022: €134k
2023: €48k
2024: €12k
2018 → 2025
Working capital
€-342k▼ 20.1%
2024 · €-284k
2018: €-154k
2019: €-260k
2020: €-216k
2021: €-234k
2022: €-243k
2023: €-444k
2024: €-284k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2k-€136k▲ 7,866%€184k▲ 35.6%€195k▲ 6.3%€142k▼ 27.4%
Operating result€40k-€150k▲ 273%€77k▼ 48.7%€66k▼ 14.3%€-14k
Net result€31k-€134k▲ 337%€48k▼ 63.9%€12k▼ 76.1%€-54k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €14k after €66k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.18M
Fixed assets
€1.04M▼ 12.3%
Current assets
€142k▼ 23.8%
Equity and liabilities €1.18M
Equity
€142k▼ 27.4%
Debt
€1.04M▼ 11.7%
The debt ratio rises from 85.8% to 88.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€155k▼
2024 · €230k
Cash flow
€115k▼
2024 · €176k
Solvency
12.0%▼
2024 · 14.2%
Current ratio
0.29▼
2024 · 0.40
Quick ratio
0.29▼
2024 · 0.40
Debt / equity
7.33▲
2024 · 6.02
ROE
-37.8%▼
2024 · 5.9%
ROA
-4.5%▼
2024 · 0.8%
Interest coverage
3.98▼
2024 · 4.96
Debt
€1.04M▼
2024 · €1.18M
Debt ≤ 1 year
€483k▲
2024 · €471k
Debt > 1 year
€556k▼
2024 · €706k
Income taxes
€621▼
2024 · €8k
Staff costs
€54k▼
2024 · €78k
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€1.37M€1.18M▼
Formation expenses20€0€0=
Fixed assets21/28€1.19M€1.04M▼
Intangible fixed assets21€87€0▼
Tangible fixed assets22/27€1.19M€1.04M▼
Land and buildings22€410k€412k▲
Plant, machinery and equipment23€68k€49k▼
Furniture and vehicles24€110k€103k▼
Leasing and similar rights25€597k€475k▼
Financial fixed assets28€780€780=
Current assets29/58€186k€142k▼
Stocks and contracts in progress3€0-
Contracts in progress37€0-
Amounts receivable within one year40/41€155k€117k▼
Trade receivables40€155k€116k▼
Other amounts receivable41€165€1k▲
Cash at bank and in hand54/58€7k€10k▲
Deferred charges and accrued income490/1€23k€15k▼
Equity and liabilities
Total equity and liabilities10/49€1.37M€1.18M▼
Equity10/15€195k€142k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€175k€121k▼
Amounts payable17/49€1.18M€1.04M▼
Amounts payable after more than one year17€706k€556k▼
Financial debts170/4€706k€556k▼
Amounts payable within one year42/48€471k€483k▲
Current portion of amounts payable after more than one year42€155k€150k▼
Financial debts43€0€3k▲
Credit institutions430/8€0€3k▲
Trade debts44€198k€129k▼
Suppliers440/4€198k€129k▼
Taxes, remuneration and social security45€38k€45k▲
Taxes450/3€17k€23k▲
Remuneration and social security454/9€21k€22k▲
Other amounts payable47/48€79k€156k▲
Accrued charges and deferred income492/3-€200
Income statement
Code20242025
Non-recurring operating income76A€10k€4k▼
Remuneration, social security and pensions62€78k€54k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€165k€169k▲
Other operating charges640/8€20k€8k▼
Non-recurring operating charges66A€18k€24k▲
Gross operating margin9900€346k€241k▼
Operating profit (loss)9901€66k€-14k▼
Financial charges65/66B€46k€39k▼
Recurring financial charges65€46k€39k▼
Profit (loss) for the period before taxes9903€19k€-53k▼
Income taxes67/77€8k€621▼
Profit (loss) for the period9904€12k€-54k▼
Profit (loss) for the period to be appropriated9905€12k€-54k▼
Appropriation of the result
Profit (loss) to be appropriated9906€175k€121k▼
Profit (loss) brought forward from the previous period14P€163k€175k▲
The notes to these accounts (17 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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €150kEq €184k ▲35.6%
4 profitable years in a row build equity to €184k.
18-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €134k ▲337%
Operating result €150k, net result €134k, both a record.
31-12
Financial
Equity above €100kEq €136k ▲7866%
3 profitable years in a row build equity to €136k.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-99k ▼438%
Net result drops to €-99k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Geraardsbergen · 1 establishment unit since 2016
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.
Edingseweg(Via) 4799500 GeraardsbergenGround area
703 m²
Building footprint
266 m²
Volume, LiDAR
1,244 m³
Parcel 41070A0691/00K000, Flanders · tallest building 9.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
GROPAKU
since 20162.254.307.912
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41070A0691/00K000 | Flanders | 703 m² | 1 · 266 m² | 9.7 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 223 EUR awarded · 223 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 223 EUR | 223 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 4,676 companies in sector 01610 we hold annual accounts for 1,368. 1,142 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-06-2016
Fiscal year end31-12
Activities, NACEBEL
01610Support activities for crop production
43990Other specialised construction activities
43999Specialised construction activities
43120Site preparation
Sources
Crossroads Bank for EnterprisesNational Bank · 9 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
2 entriesE-mail:kurt_papeleu@hotmail.com
Phone:0479666227