Result
€114,783 €114,783
Back in profit in 2025, after a loss of €36,928 in 2024.
Groterm
Lifetime
20 annual accounts with figures on one time axis, 49 filings since 1977peak €1.4m (2023)
€1.4m▲ 8.0%
lowest -€99,005 (2020)
€114,783▲ €151,711
peak €1.5m (2018)
€1.3m▲ 4.1%
€305,924▲ 8.8%
peak 23 FTE (2021)
18.7 FTE▼ 6.0%
Board1 name since 2021
1 director
Documentsfilings and deeds
12-08-202612 days late
2025abbreviated format
Back to profit: €114,783Investments €62,928Cash from €426,809 to €559,086
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Key points
from the 2025 annual accountsInvestments
€67,583 2.3 × depreciation
Green is investment, beige is depreciation.
Filings
49 annual accounts since 1977
Two of the last ten came late. The 2025 accounts came latest: 12 days after the end of the period.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as Groterm has now. Each dot stands for 51 companies, two years later.
95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for Groterm. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
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Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0408054848
Legal-form change · Resignations & appointments
General meeting of 17-01-2023 · Gazette deed
First establishment
Industrielaan 14, Torhout
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Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Groterm Torhout | €1.6m | €1.4m | 80.7% | 18.7 |
| CENTRALE VERWARMING VANMEERHAEGHE Dentergem | €2.0m | €1.1m | 42.9% | 15.5 |
| NAERT EN ZOON Roeselare | €2.0m | €1.9m | 46.2% | 20.6 |
| Centrale Verwarming Van Herck Oudsbergen | €1.9m | €1.3m | 40.7% | 15.3 |
| Ceba - Confort Enghien | €1.7m | €1.5m | 31.2% | 24 |
| CENTRALE VERWARMING RAETS Antwerp | €1.5m | €1.8m | 47.2% | 18.7 |
| Mazoutechnic Brussels | €1.8m | €1.4m | 68.5% | 14 |
These companies have the same main activity as Groterm: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €1.5m and €2m, founded between 1968 and 1981.
Official details
Source: KBO- Status
- Active since 01-01-1971Normal situation
- Activity
- Installation of electric heating, air conditioning, cooling and ventilationNACE 43222and 2 others
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.005.545.3738820 Torhout, since 01-05-1971
- Financial year end
- 31 December
- Peppol
- Reachable since 20-05-2025
Annual accounts 2025
- ≈ €3.9mestimated
- €1.6m▲ 4.9%
- Employeeson 31-12-2025
- 19▼ 5.0%
- Filing
- Filed on 12-08-2026
Insights on Groterm
Groterm files the abbreviated format. That format states no turnover. The gross margin rose from €752,932 in 2006 to €1.4m in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Groterm
- What is the company number of Groterm?
- The company number of Groterm is 0408.054.848. The VAT number is the same number with BE in front: BE 0408.054.848.
- Where is Groterm based?
- The registered office is at Industrielaan 14, 8820 Torhout.Company details
- What does Groterm do?
- According to the KBO register, the main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222).
- What is the legal form of Groterm?
- Groterm is a private limited company (BV).
- When was Groterm founded?
- Groterm was founded on 01-01-1971.
- Is Groterm still active?
- Yes, Groterm is an active enterprise in the KBO register.
- How many employees does Groterm have?
- Groterm had an average of 18.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Groterm fall under?
- In its 2025 annual accounts, Groterm states joint committees 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Groterm?
- The turnover in financial year 2025 is ≈ €3.9m. This figure is estimated from the gross margin of €1.4m and 30 comparable companies (NACE 432). It probably lies between €3.2m and €4.8m.
- Is Groterm profitable?
- In financial year 2025, Groterm made a profit of €114,783.
- Where can I find the annual accounts of Groterm?
- Groterm filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Groterm due?
- Groterm must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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