Groundwork
ActiveGroundwork has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €407k and a net result of €71k. Equity is growing by ~31.7% per year across the filed fiscal years. Its solvency ranks better than 91% of 31487 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▼-13
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 12.43 against 14.58 in 2024), and 7.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
92.5%
Return on assets
16.1%
Age of the figures
8 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 01-06-2026, 60 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
60 d early
2024
58 d early
2023
54 d early
2022
53 d early
2021
52 d early
2020
55 d early
2019
60 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€407k▲ 21.1%
2024 · €337k
2019: €82k
2020: €66k
2021: €142k
2022: €209k
2023: €269k
2024: €337k
2019 → 2025
Total assets
€441k▲ 22.3%
2024 · €360k
2019: €111k
2020: €93k
2021: €186k
2022: €255k
2023: €289k
2024: €360k
2019 → 2025
Net result
€71k▲ 5.3%
2024 · €67k
2019: €62k
2020: €-16k
2021: €75k
2022: €67k
2023: €60k
2024: €67k
2019 → 2025
Working capital
€378k▲ 26.9%
2024 · €298k
2019: €83k
2020: €66k
2021: €143k
2022: €209k
2023: €219k
2024: €298k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€142k-€209k▲ 47.6%€269k▲ 29.0%€337k▲ 25.0%€407k▲ 21.1%
Operating result€101k-€95k▼ 6.3%€85k▼ 10.5%€94k▲ 10.9%€98k▲ 4.9%
Net result€75k-€67k▼ 10.7%€60k▼ 10.1%€67k▲ 11.3%€71k▲ 5.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 5% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €441k
Fixed assets
€29k▼ 27.7%
Current assets
€411k▲ 28.6%
Equity and liabilities €441k
Equity
€407k▲ 21.1%
Debt
€33k▲ 39.1%
The debt ratio rises from 6.6% to 7.5%: debt grows faster than equity.
Key figures and ratios
EBITDA
€110k▲
2024 · €105k
Cash flow
€82k▲
2024 · €79k
Solvency
92.5%▼
2024 · 93.4%
Current ratio
12.43▼
2024 · 14.58
Quick ratio
12.43▼
2024 · 14.58
Debt / equity
0.08▲
2024 · 0.07
ROE
17.4%▼
2024 · 20.0%
ROA
16.1%▼
2024 · 18.7%
Interest coverage
1267.42▲
2024 · 933.44
Debt
€33k▲
2024 · €24k
Debt ≤ 1 year
€33k▲
2024 · €22k
Income taxes
€27k▲
2024 · €26k
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€360k€441k▲
Fixed assets21/28€40k€29k▼
Tangible fixed assets22/27€40k€29k▼
Furniture and vehicles24€40k€29k▼
Current assets29/58€320k€411k▲
Amounts receivable within one year40/41€947€16k▲
Trade receivables40-€16k
Other amounts receivable41€947-
Cash at bank and in hand54/58€319k€395k▲
Equity and liabilities
Total equity and liabilities10/49€360k€441k▲
Equity10/15€337k€407k▲
Contributions10/11€20k€20k=
Reserves13€316k€387k▲
Distributable reserves133€316k€387k▲
Profit (loss) carried forward14€108€163▲
Amounts payable17/49€24k€33k▲
Amounts payable within one year42/48€22k€33k▲
Trade debts44€2k€470▼
Suppliers440/4€2k€470▼
Taxes, remuneration and social security45€12k€19k▲
Taxes450/3€12k€19k▲
Other amounts payable47/48€8k€14k▲
Accrued charges and deferred income492/3€2k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k=
Other operating charges640/8€946€1k▲
Gross operating margin9900€106k€111k▲
Operating profit (loss)9901€94k€98k▲
Financial charges65/66B€113€87▼
Recurring financial charges65€113€87▼
Profit (loss) for the period before taxes9903€94k€98k▲
Income taxes67/77€26k€27k▲
Profit (loss) for the period9904€67k€71k▲
Profit (loss) for the period to be appropriated9905€67k€71k▲
Appropriation of the result
Profit (loss) to be appropriated9906€67k€71k▲
Profit (loss) brought forward from the previous period14P€108€108=
Transfer to equity691/2€67k€71k▲
To other reserves6921€67k€71k▲
The notes to these accounts (6 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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 12.92
Current ratio from 5.51 to 12.92; short-term debt falls from €46k to €18k.
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €209k ▲47.6%
2 profitable years in a row build equity to €209k.
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €75k
Net result €75k after one loss-making year.
31-12
Financial
Equity above €100kEq €142k ▲114%
Equity rises from €66k to €142k.
06-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-16k ▼126%
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
01-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Kontich · 1 establishment unit since 2018
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.
Ooststatiestraat 1262550 KontichGround area
976 m²
Building footprint
242 m²
Volume, LiDAR
1,366 m³
Parcel 11602C0226/00E004, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Groundwork
since 20182.277.968.685
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11602C0226/00E004 | Flanders | 976 m² | 1 · 242 m² | 9.8 m · 2 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.
Similar companies · same sector, comparable size
SKYLARK PROCUREMENT SERVICES
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ELOMIL
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VIALO MGT
BE 0690.949.806
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BeVet Services Saint-Ghislain
BE 0770.445.858
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THE WORKING GROUP
BE 0739.868.587
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Of 82,218 companies in sector 70200 we hold annual accounts for 52,393. 36,134 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-07-2018
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
62020IT consultancy
62200Computer consultancy and computer facilities management
70210Activities of head offices; management consultancy activities
73110Advertising agencies
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.