GROUP GLOBE
ActiveSummary
GROUP GLOBE has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €179,980 and a net result of €5,584. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 28% of 7930 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+19
Solvency51▼-4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity tight (current ratio 1.11 against 0.99 in 2024; short-term debt: 58.4% and cash: 7.1% of total assets), and 73.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
26.2%
Return on assets
0.8%
Age of the figures
9 mo
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 · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
29 d late
2023
7 d early
2022
26 d late
2021
29 d late
2020
24 d late
2019
49 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 25 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 27 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#3 fastest grower in Hasselt, Construction sector
Equity
€179,980▲ 3.2%
2024 · €174,395
Total assets
€686,098▲ 18.9%
2024 · €577,253
Net result
€5,584
2024 · -€81,369
Working capital
€44,684
2024 · -€2,958
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20212022202320242025
Operating result-€2,252€35,358€64,714▲ 83.0%-€71,163€15,389
Net result-€6,334below the sector's middle half€24,621within the sector's middle half€36,028within the sector's middle half▲ 46.3%-€81,369below the sector's middle half€5,584within the sector's middle half
Equity€195,116within the sector's middle half▼ 3.1%€219,736within the sector's middle half▲ 12.6%€255,765within the sector's middle half▲ 16.4%€174,395within the sector's middle half▼ 31.8%€179,980within the sector's middle half▲ 3.2%
Total assets€325,303below the sector's middle half▼ 17.3%€549,427within the sector's middle half▲ 68.9%€582,283within the sector's middle half▲ 6.0%€577,253within the sector's middle half▼ 0.9%€686,098within the sector's middle half▲ 18.9%
Debt€118,328▼ 36.0%€312,567▲ 164%€326,519▲ 4.5%€402,858▲ 23.4%€506,118▲ 25.6%
Working capital€143,192within the sector's middle half▼ 5.9%€83,179within the sector's middle half▼ 41.9%€57,843within the sector's middle half▼ 30.5%-€2,958below the sector's middle half€44,684within the sector's middle half
Solvency60.0%within the sector's middle half▲ 8.8pp40.0%within the sector's middle half▼ 20.0pp43.9%within the sector's middle half▲ 3.9pp30.2%within the sector's middle half▼ 13.7pp26.2%within the sector's middle half▼ 4.0pp
Current ratio2.51within the sector's middle half▲ 0.621.45within the sector's middle half▼ 1.051.23within the sector's middle half▼ 0.220.99below the sector's middle half▼ 0.241.11below the sector's middle half▲ 0.12
Return on assets (ROA)-1.9%below the sector's middle half▼ 9.3pp4.5%within the sector's middle half▲ 6.4pp6.2%within the sector's middle half▲ 1.7pp-14.1%below the sector's middle half▼ 20.3pp0.8%within the sector's middle half▲ 14.9pp
Staff (FTE)9.1within the sector's middle half▲ 30.0%10within the sector's middle half▲ 9.9%12.5above the sector's middle half▲ 25.0%13above the sector's middle half▲ 4.0%13.2above the sector's middle half▲ 1.5%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €15,389 after a loss of €71,163 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €686,098
Fixed assets
€240,916 ▼ 0.3%
Current assets
€445,182 ▲ 32.7%
Equity and liabilities €686,098
Equity
€179,980 ▲ 3.2%
Debt
€506,118 ▲ 25.6%
Debt's share of the balance-sheet total rises from 69.8% to 73.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€119,311▲
2024 · €42,099
Cash flow
€109,507▲
2024 · €31,892
Quick ratio
0.97▲
2024 · 0.86
Debt to equity
2.81▲
2024 · 2.31
ROE
3.1%▲
2024 · -46.7%
Interest coverage
14.28▲
2024 · 8.12
Debt ≤ 1 year
€400,497▲
2024 · €338,475
Debt > 1 year
€105,621▲
2024 · €64,382
Income taxes
€1,668▼
2024 · €5,921
Staff costs
€849,368▲
2024 · €801,158
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,105 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 98% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
0.9%
stopped otherwise
98%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,105 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €477,128 | €687,621 | €753,459 | €801,158 | €849,368 | ▲ 6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,491 | €60,708 | €107,064 | €113,261 | €103,922 | ▼ 8.2% |
| Other operating charges640/8 | €398 | €534 | €11,227 | €14,663 | €18,505 | ▲ 26.2% |
| Gross operating margin9900 | €500,764 | €784,221 | €936,464 | €857,920 | €987,184 | ▲ 15.1% |
| Operating profit (loss)9901 | -€2,252 | €35,358 | €64,714 | -€71,163 | €15,389 | ▲ 122% |
| Financial income75/76B | €963 | €3,484 | €206 | €900 | €216 | ▼ 76.0% |
| Recurring financial income75 | €963 | €3,484 | €206 | €900 | €216 | ▼ 76.0% |
| Financial charges65/66B | €3,519 | €3,598 | €5,491 | €5,185 | €8,353 | ▲ 61.1% |
| Recurring financial charges65 | €3,519 | €3,598 | €5,491 | €5,185 | €8,353 | ▲ 61.1% |
| Profit (loss) for the period before taxes9903 | -€4,807 | €35,244 | €59,429 | -€75,448 | €7,252 | ▲ 110% |
| Income taxes67/77 | €1,527 | €10,624 | €23,400 | €5,921 | €1,668 | ▼ 71.8% |
| Profit (loss) for the period9904 | -€6,334 | €24,621 | €36,028 | -€81,369 | €5,584 | ▲ 107% |
| Profit (loss) for the period to be appropriated9905 | -€6,334 | €24,621 | €36,028 | -€81,369 | €5,584 | ▲ 107% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €325,303 | €549,427 | €582,283 | €577,253 | €686,098 | ▲ 18.9% |
| Fixed assets21/28 | €87,177 | €282,828 | €276,096 | €241,736 | €240,916 | ▼ 0.3% |
| Intangible fixed assets21 | - | - | - | - | €4,033 | - |
| Tangible fixed assets22/27 | €87,167 | €282,798 | €276,016 | €241,656 | €236,803 | ▼ 2.0% |
| Land and buildings22 | €6,786 | €4,944 | €3,102 | €4,231 | €3,334 | ▼ 21.2% |
| Plant, machinery and equipment23 | €22,453 | €55,504 | €66,504 | €47,007 | €44,429 | ▼ 5.5% |
| Furniture and vehicles24 | €57,928 | €222,350 | €206,411 | €190,418 | €158,876 | ▼ 16.6% |
| Leasing and similar rights25 | - | - | - | - | €13,065 | - |
| Other tangible fixed assets26 | - | - | - | - | €17,099 | - |
| Financial fixed assets28 | €10 | €30 | €80 | €80 | €80 | = |
| Current assets29/58 | €238,126 | €266,599 | €306,187 | €335,517 | €445,182 | ▲ 32.7% |
| Amounts receivable after more than one year29 | - | - | - | €2,000 | €0 | ▼ 100% |
| Trade receivables290 | - | - | - | €2,000 | €0 | ▼ 100% |
| Stocks and contracts in progress3 | €11,919 | - | €11,220 | €44,515 | €56,438 | ▲ 26.8% |
| Stocks30/36 | €11,919 | - | €11,220 | €44,515 | €56,438 | ▲ 26.8% |
| Amounts receivable within one year40/41 | €110,946 | €192,024 | €222,481 | €239,890 | €331,306 | ▲ 38.1% |
| Trade receivables40 | €94,998 | €165,347 | €152,434 | €210,691 | €287,934 | ▲ 36.7% |
| Other amounts receivable41 | €15,948 | €26,678 | €70,047 | €29,199 | €43,372 | ▲ 48.5% |
| Cash at bank and in hand54/58 | €113,726 | €67,640 | €61,493 | €45,597 | €48,415 | ▲ 6.2% |
| Deferred charges and accrued income490/1 | €1,535 | €6,935 | €10,993 | €3,515 | €9,022 | ▲ 157% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €325,303 | €549,427 | €582,283 | €577,253 | €686,098 | ▲ 18.9% |
| Equity10/15 | €195,116 | €219,736 | €255,765 | €174,395 | €179,980 | ▲ 3.2% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | €6,200 | €6,200 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Uncalled capital101 | €12,400 | €12,400 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €249,565 | €168,195 | €173,780 | ▲ 3.3% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | €247,705 | €166,335 | €171,920 | ▲ 3.4% |
| Profit (loss) carried forward14 | €187,056 | €211,676 | - | - | - | - |
| Provisions and deferred taxes16 | €11,860 | €17,124 | - | - | - | - |
| Provisions for liabilities and charges160/5 | €11,860 | €17,124 | - | - | - | - |
| Major repairs and maintenance162 | €11,860 | - | - | - | - | - |
| Other liabilities and charges164/5 | - | €17,124 | - | - | - | - |
| Amounts payable17/49 | €118,328 | €312,567 | €326,519 | €402,858 | €506,118 | ▲ 25.6% |
| Amounts payable after more than one year17 | €23,393 | €129,147 | €78,174 | €64,382 | €105,621 | ▲ 64.1% |
| Financial debts170/4 | €23,393 | €129,147 | €78,174 | €64,382 | €105,621 | ▲ 64.1% |
| Amounts payable within one year42/48 | €94,935 | €183,420 | €248,344 | €338,475 | €400,497 | ▲ 18.3% |
| Current portion of amounts payable after more than one year42 | €20,222 | €52,748 | €50,973 | €50,040 | €60,041 | ▲ 20.0% |
| Financial debts43 | €3 | - | - | - | - | - |
| Credit institutions430/8 | €3 | - | - | - | - | - |
| Trade debts44 | €44,053 | €73,007 | €163,158 | €249,313 | €277,441 | ▲ 11.3% |
| Suppliers440/4 | €44,053 | €73,007 | €163,158 | €249,313 | €277,441 | ▲ 11.3% |
| Taxes, remuneration and social security45 | €30,657 | €57,665 | €34,214 | €39,123 | €63,015 | ▲ 61.1% |
| Taxes450/3 | €30,657 | €57,155 | €12,188 | €5,034 | €11,861 | ▲ 136% |
| Remuneration and social security454/9 | - | €510 | €22,026 | €34,089 | €51,154 | ▲ 50.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,334 | €24,621 | €36,028 | -€81,369 | €5,584 | ▲ 107% |
| + Depreciation and write-downs630 | €25,491 | €60,708 | €107,064 | €113,261 | €103,922 | ▼ 8.2% |
| Operating cash flow (approximation) | €19,157 | €85,329 | €143,092 | €31,892 | €109,507 | ▲ 243% |
| Investment in fixed assets (approximation) | - | -€256,359 | -€100,332 | -€78,901 | -€103,102 | ▼ 30.7% |
| Change in cash | - | -€46,086 | -€6,147 | -€15,896 | €2,818 | ▲ 118% |
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
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
31-12
Financial
Back to profitnet €5,584
Net result €5,584 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet -€81,369
Net result drops to -€81,369, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €36,028 ▲46.3%
Operating result €64,714, net result €36,028, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 26 days late
2022
31-12
Financial
Back to profitnet €24,621
Net result €24,621 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €219,736 ▲12.6%
Equity rises from €195,116 to €219,736.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 24 days late
2020
31-12
Financial
Equity above €200,000Eq €201,450 ▲16.6%
2 profitable years in a row build equity to €201,450.
Show earlier events
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 49 days late
2019
31-12
Financial
Back to profitnet €13,981
Net result €13,981 after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 23 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 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, Hasselt · 1 establishment unit since 2013
Ground area
3,677 m²
Building footprint
1,997 m²
Volume, LiDAR
10,733 m³
Parcel 71326F0010/00F003, Flanders · tallest building 23.9 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
ISOGLOBE
since 20132.218.908.454
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71326F0010/00F003 | Flanders | 3,677 m² | 1 · 1,997 m² | 23.9 m · 2 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.
Structure & network
Owners and holdings
1 ownerOwners 1
-
33.33%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 8,083 EUR awarded · 8,022 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 945 EUR | 945 EUR |
| 2024 | 1 | 1,345 EUR | 1,914 EUR |
| 2023 | 1 | 5,208 EUR | 4,578 EUR |
| 2022 | 1 | 585 EUR | 585 EUR |
Recognitions · licences · registrations
Recognised contractor
4 categoriesGROUP GLOBE BV45220
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Of 4,269 companies in sector 43230 we hold annual accounts for 1,241. 997 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
Founded25-04-2013
Fiscal year end31-12
Activities, NACEBEL 2025
43230Insulation installation
43222Installation of electric heating, air conditioning, cooling and ventilation
43341Painting of buildings
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID
0208:0533832768
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.