Equity
-€57,369
Debts exceed assets in financial year 2025.
Grounds Up
Lifetime
3 annual accounts with figures on one time axispeak -€461 (2024)
-€23,706▼ €23,245
lowest -€64,477 (2025)
-€64,477▼ €38,718
peak €32,867 (2023)
-€57,369▼ €64,477
€284,746▲ 2.9%
Board3 names since 2023
2 directors and 1 other
Owners3 names in the annual accounts
37.5%
Documentsfilings and deeds
30-07-20261 day before the deadline
2025abbreviated format
Gross margin from -€461 to -€23,706Loss of €64,477Appointment: (director) 14-04Equity from €7,108 to -€57,369Cash from €104,852 to €30,270
Key points
from the 2025 annual accountsLosses
-€109,369 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€284,746 125% of the balance sheet
Financial debts 73%Suppliers 4%Taxes and wages 1%Other 22%
€40,621 of the debts are secured on the company's own assets. In 2024 that was €162,382.
Turnover not published (abbreviated format)
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 7,654 companies had the same profile as Grounds Up has now. Each dot stands for 20 companies, two years later.
84.6%
were still trading
5.8%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 7,654 companies, not a prediction for Grounds Up. 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
Board and ownership
Director, since 28-02-2023
Director,
- 37.5%score equity €4.3m (2026) · 31-03-2026 annual accounts of
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0798913180
Appointment: (director)
Resignation: (director) · Director discharge: · General meeting of 17-03-2025 · Gazette deed
Registered office moved within Temse
New registered office: Frank Van Dyckelaan 14, 9140 Temse · Previous registered office: Frank Van Dyckelaan 17, 9140 Temse · Board meeting of 01-08-2024 · Gazette deed
Capital increase of €50,000 to €52,000
Capital from €2,000 to €52,000, 100 new shares · holds 150 shares · holds 50 shares · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Grounds Up Temse | €227,377 | -€23,706 | -25.2% | - |
| Green Circle Salons Benelux Sint-Martens-Latem | €260,908 | -€2,187 | -9.6% | - |
| Selide Incourt | €401,077 | -€107,209 | -28.0% | - |
| EATCAN Seneffe | €443,156 | -€20,390 | -119.3% | - |
| DIMET Linkebeek | €68,468 | -€27,337 | -30.9% | - |
| TERRA+ Waregem | €52,154 | -€83,686 | -197.6% | - |
| RECYCLAGE, MATERIEL ET TRANSPORT Herstal | €43,429 | -€3,660 | -103.7% | - |
These companies have the same main activity as Grounds Up: waste collection, recovery and disposal activities (NACE 38110). They are comparable in size and age: total assets between €43,400 and €443,000, founded between 2021 and 2024.
Official details
Source: KBO- Status
- Active since 28-02-2023Normal situation
- Activity
- Waste collection, recovery and disposal activitiesNACE 38110and 2 others
- Establishment unit
- 2.367.428.2239140 Temse, since 28-02-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €227,377▼ 19.9%
- Filing
- Filed on 30-07-2026, 1 day before the end of the filing period
Insights on Grounds Up
Grounds Up files the abbreviated format. That format states no turnover. The gross margin fell from -€14,816 in 2023 to -€23,706 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 Grounds Up
- What is the company number of Grounds Up?
- The company number of Grounds Up is 0798.913.180. The VAT number is the same number with BE in front: BE 0798.913.180.
- Where is Grounds Up based?
- The registered office is at Frank Van Dyckelaan 14, 9140 Temse.Company details
- What does Grounds Up do?
- According to the KBO register, the main activity is waste collection, recovery and disposal activities (NACE 38110).
- What is the legal form of Grounds Up?
- Grounds Up is a private limited company (BV).
- When was Grounds Up founded?
- Grounds Up was founded on 28-02-2023.
- Is Grounds Up still active?
- Yes, Grounds Up is an active enterprise in the KBO register.
- What is the turnover of Grounds Up?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.Financials
- Is Grounds Up profitable?
- In financial year 2025, Grounds Up made a loss of €64,477.
- Where can I find the annual accounts of Grounds Up?
- Grounds Up filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Grounds Up due?
- Grounds Up must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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