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Grounds Up

Active
Private limited company·Inzameling van ongevaarlijk afval· 3 yrs active
Frank Van Dyckelaan 14 ·9140 Temse, Belgium

The computed 12-month bankruptcy probability of Grounds Up is 3.0% (moderate). The 2025 annual accounts show negative equity (€-57k) and a net result of €-64k. Equity is shrinking by ~137.3% per year across the filed fiscal years. Its solvency ranks better than 37% of 37 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

KBO/BCE: BE 0798.913.180
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Credit risk

Bankruptcy probability (12 mo)

3.0% Moderate
0%0,5%1,5%4%10%≥25%

How do we compute this?

Credit advice

verdict per amount and term

Timeline

What happened to this company, by date

3 of 4 acts read

Next filing fiscal year 2026 expected by 31-07-2027

2026
30-07-2026 NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
23-06-2025 NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
14-04-2025 State Gazette act Director changes
No further detail in the source.
2024
29-08-2024 State Gazette act Registered-office change
No further detail in the source.
16-07-2024 NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
31-01-2024 State Gazette act Capital & shares
Tim VANDERSTEEN
About the unread acts

Of the 4 Belgian State Gazette acts we know for this company, 3 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Financials

Equity€-57k
2023: €33k 2024: €7k
Total assets€227k-19.9%
2023: €139k 2024: €284k
Net result€-64k-150.3%
2023: €-19k 2024: €-26k
Working capital€-109k+8.7%
2023: €-23k 2024: €-119k

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Figures by fiscal year

fiscal year 2025 · abbreviated schema
€-80k€-60k€-40k€-20k€0Operating result 2023: €-15k€-15kNet result 2023: €-19k€-19kOperating result 2024: €-14k€-14kNet result 2024: €-26k€-26kOperating result 2025: €-50k€-50kNet result 2025: €-64k€-64k202320242025
Operating resultNet result
Sector comparison
Fiscal year 2024 · NACE 38 · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 2.5% 18.2%
better than 37% of 37 sector peers
Net result €-26k €-2k
better than 39% of 37 sector peers
Equity €7k €82k
better than 36% of 37 sector peers
Gross operating margin €-461 €52k
better than 36% of 37 sector peers
Total assets €284k €1.74M
better than 25% of 37 sector peers
EBITDA
€-25k
-1441.7% 23-25
Cash flow
€-39k
-193.9% 23-25
Staff costs
€110
- 23-25
Debt
€285k
+2.9% 23-25
Debt ≤ 1y
€167k
-29.4% 23-25
Debt > 1y
€118k
+190.0% 23-25
Current ratio
0.35
-29.8% 23-25
Quick ratio
0.23
-52.8% 23-25
Solvency
-25.2%
- 23-25
Debt / equity
-4.96
- 23-25
ROE
112.4%
- 23-25
ROA
-28.4%
-212.6% 23-25
Interest coverage
-1.75
-1169.9% 23-25
Figures by fiscal year and ratios
Fiscal year2025
Depositabbreviated schema
Revenue-
EBITDA€-25k
Net profit€-64k
Cash flow€-39k
Staff costs-
Income taxes-
Dividends-
Total assets€227k
Equity€-57k
Debt€285k
of which ≤ 1y€167k
of which > 1y€118k
Working capital€-109k
Employees (FTE)-
Ratios (computed)
2025
Current ratio0.35
Quick ratio0.23
Working capital ratio-47.8%
Solvency-25.2%
Debt / equity-4.96
Long-term debt ratio-2.05
Interest coverage-1.75
Gross margin-
Net margin-
ROA-28.4%
ROE112.4%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€227k
Fixed assets 21/28€169k
Formation expenses 20€537
Intangible fixed assets 21€78k
Tangible fixed assets 22/27€90k
Current assets 29/58€58k
Stocks & contracts in progress 3€19k
Amounts receivable within one year 40/41€5k
Cash & bank 54/58€30k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€227k
Equity 10/15€-57k
Contributions / capital 10/11€52k
Accumulated profits (losses) 14€-109k
Amounts payable 17/49€285k
Amounts payable after one year 17€118k
Amounts payable within one year 42/48€167k
Trade debts payable within one year 44€12k
Income statement
Gross operating margin 9900€-24k
Operating result 9901€-50k
Financial charges 65€14k
Result before taxes 9903€-64k
Net result for the period 9904€-64k
Result to be appropriated 9905€-64k

Signals

2 signals
Persistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
View the result trend
Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
No strikeouts found in the KBO publications · how complete this is
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Filing history by fiscal year and how the deadline is computed
Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
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.
How we compute the deadline
The year end is derived from 3 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 30-07-2026 1 d early 2026-00352436
31-12-2024 31-07-2025 23-06-2025 38 d early 2025-00163360
31-12-2023 31-07-2024 16-07-2024 15 d early 2024-00254251

Source: the National Bank's deposit records, as we have ingested them. NOTE: our copy has a gap across June to August 2026, missing roughly 220,000 deposits; for July we hold 15,605 of about 137,000 expected. A year whose deadline falls in that window shows as not confirmed, not as not filed. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Directors

2 directors
Current directors & mandates
  • de besloten vennootschap VIRIDIS CONSULT
    Director
    State Gazette act 25048753 (14-04-2025)
    Current
    01-03-2025 → present
Former directors (1)
  • Lukas Van Quickelberghe
    Director
    State Gazette act 25048753 (14-04-2025)
    Former
    - → 01-03-2025
Not every act has been read: a resignation may be missing here
1 of this company's 4 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Locations & real estate

Registered office

exact location from the address register On OpenStreetMap
5 companies at this address See who is registered here

Establishment units

2 locations
Grounds Up
Frank Van Dyckelaan 14, 9140 TemseVervaardiging van andere producten van kunststof
since 20232.367.428.223
Grounds Up
Nieuwevaart 51, 9000 GentVervaardiging van andere producten van kunststof
since 20242.367.428.619
Parcels2
Ground area5.6 ha
Buildings2
Building footprint1.5 ha
Volume (LiDAR)176,331 m³
Tallest building46.4 m · ±4 fl.

Real-estate footprint

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44807G0160/00L003
ProtectedMonumentVynckiersite met schoorstenen en stoomketelsSource ↗
Flanders 5.3 ha 1 · 1.4 ha 46.4 m · 4 fl.
46025B1190/00R003 Flanders 2,540 m² 1 · 917 m² 9.6 m · 3 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Similar

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Company registry

Company registry (CBE)

Crossroads Bank
Activities
Inzameling van ongevaarlijk afval38110Vervaardiging van andere producten van kunststof22260Vervaardiging van isolatoren en isolatiemateriaal, van keramische stoffen23430