Summary
GROTARS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2020 annual accounts show equity of €39,141 and a net result of -€9,286. Equity is shrinking by ~9% per year across the filed fiscal years. Its solvency ranks better than 90% of 5792 sector peers (fiscal year 2020). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
No current score
Figures too old
The available figures for FY 2020 are too old to assess current financial health.
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2020 · tick = 2019
Profitability0▼-70
Solvency100▲+4
Growth22▼-13
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2020Solvency, return and age of the figures
Solvency
88.7%
Return on assets
-21%
Age of the figures
69 mo
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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 31-08-2021, 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 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
31 d late
2019
376 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 204 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2020, micro schema
Turnover
€12,040▼ 55.9%
2018 · €27,320
EBIT margin
0.9%▼ 57.0pp
2018 · 57.9%
Net result
-€9,286
2019 · €695
Working capital
€29,618▼ 15.8%
2019 · €35,158
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Turnover€27,320-€12,040▼ 55.9%
Operating result€15,827-€109▼ 99.3%-€10,113
Net result€11,881-€695▼ 94.2%-€9,286below the sector's middle half
EBIT margin57.9%-0.9%▼ 57.0pp
Equity€47,733-€48,428▲ 1.5%€39,141within the sector's middle half▼ 19.2%
Total assets€76,144-€68,300▼ 10.3%€44,130below the sector's middle half▼ 35.4%
Debt€28,411-€19,872▼ 30.1%€4,989▼ 74.9%
Working capital€30,634-€35,158▲ 14.8%€29,618▼ 15.8%
Solvency62.7%-70.9%▲ 8.2pp88.7%above the sector's middle half▲ 17.8pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €10,113 after €109 in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €44,130
Fixed assets
€9,523 ▼ 28.2%
Current assets
€34,607 ▼ 37.1%
Equity and liabilities €44,130
Equity
€39,141 ▼ 19.2%
Debt
€4,989 ▼ 74.9%
Debt's share of the balance-sheet total falls from 29.1% to 11.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€6,366▼
2019 · €3,937
Cash flow
-€5,539▼
2019 · €4,523
Current ratio
6.94▲
2019 · 2.77
ROE
-23.7%▼
2019 · 1.4%
ROA
-21.0%▼
2019 · 1.0%
Debt ≤ 1 year
€4,989▼
2019 · €19,872
Income taxes
€719▼
2019 · €1,524
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Turnover70 | €27,320 | €12,040 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,350 | €3,828 | €3,747 | ▼ 2.1% |
| Gross operating margin9900 | €22,306 | €4,722 | -€5,617 | ▼ 219% |
| Operating profit (loss)9901 | €15,827 | €109 | -€10,113 | ▼ 9,378% |
| Recurring financial income75 | €2,236 | €2,751 | €2,443 | ▼ 11.2% |
| Recurring financial charges65 | €143 | €171 | €279 | ▲ 63.2% |
| Profit (loss) for the period before taxes9903 | €17,367 | €2,219 | -€8,567 | ▼ 486% |
| Income taxes67/77 | €5,486 | €1,524 | €719 | ▼ 52.8% |
| Profit (loss) for the period9904 | €11,881 | €695 | -€9,286 | ▼ 1,436% |
| Profit (loss) for the period to be appropriated9905 | €11,881 | €695 | -€9,286 | ▼ 1,436% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €76,144 | €68,300 | €44,130 | ▼ 35.4% |
| Fixed assets21/28 | €17,099 | €13,270 | €9,523 | ▼ 28.2% |
| Tangible fixed assets22/27 | €17,064 | €13,235 | €9,488 | ▼ 28.3% |
| Financial fixed assets28 | €35 | €35 | €35 | = |
| Current assets29/58 | €59,045 | €55,030 | €34,607 | ▼ 37.1% |
| Amounts receivable within one year40/41 | €33,108 | €36,821 | €26,186 | ▼ 28.9% |
| Current investments50/53 | €24,070 | €16,593 | €5,507 | ▼ 66.8% |
| Cash at bank and in hand54/58 | €1,074 | €749 | €2,009 | ▲ 168% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €76,144 | €68,300 | €44,130 | ▼ 35.4% |
| Equity10/15 | €47,733 | €48,428 | €39,141 | ▼ 19.2% |
| Contributions10/11 | €1,500 | €1,500 | €1,500 | = |
| Reserves13 | €18,905 | €18,905 | €18,905 | = |
| Profit (loss) carried forward14 | €27,328 | €28,023 | €18,736 | ▼ 33.1% |
| Amounts payable17/49 | €28,411 | €19,872 | €4,989 | ▼ 74.9% |
| Amounts payable within one year42/48 | €28,411 | €19,872 | €4,989 | ▼ 74.9% |
| Trade debts44 | €16,135 | €10,023 | €4,989 | ▼ 50.2% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,881 | €695 | -€9,286 | ▼ 1,436% |
| + Depreciation and write-downs630 | €3,350 | €3,828 | €3,747 | ▼ 2.1% |
| Operating cash flow (approximation) | €15,231 | €4,523 | -€5,539 | ▼ 222% |
| Investment in fixed assets (approximation) | - | €1 | €0 | ▼ 100% |
| Change in cash | - | -€325 | €1,260 | ▲ 488% |
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
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 376 days late
2020
31-12
Financial
Weakest financial yearnet -€9,286
Net result drops to -€9,286, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 6.94
Current ratio from 2.77 to 6.94; short-term debt falls from €19,872 to €4,989.
2019
13-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 44 days late
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 91 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 59 days late
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 395 days late
2015
28-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
28-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 332 days late
2013
04-09
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 35 days late
04-09
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 400 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, Neupré · 1 establishment unit since 2010
Ground area
902 m²
Building footprint
129 m²
Volume, LiDAR
487 m³
Parcel 62090B0047/00E000, Wallonia · tallest building 6.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Rue Rimière(RR) 19, 4120 Neupré
since 20102.190.779.642
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62090B0047/00E000 | Wallonia | 902 m² | 1 · 129 m² | 6.7 m · 1 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.
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Of 11,218 companies in sector 82100 we hold annual accounts for 3,509. 2,487 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded16-08-2010
Fiscal year end31-12
Activities, NACEBEL 2025
82100Office administrative and support services
E-invoicing
Not found in the Peppol register
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.