GROUP SP
ActiveSummary
The computed 12-month bankruptcy probability of GROUP SP is 2.1% (moderate). The 2025 annual accounts show equity of €33k and a net result of €31k. Equity is growing by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 19% of 27786 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89▲+16
Solvency42▼-8
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.87 against 0.97 in 2024; short-term debt: 60.8% and cash: 43.1% of total assets), and 82.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
Sector 43
higher
← 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
17.4%
Return on assets
16.4%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 27786 sector peers (2025).
NBB · sector comparisonPosition among 27786 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
on the day
2024
2 d early
2023
1 d early
2022
3 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€33k▼ 30.3%
2024 · €47k
2022: €18k
2023: €41k
2024: €47k
2022 → 2025
Total assets
€188k▲ 1.2%
2024 · €186k
2022: €144k
2023: €110k
2024: €186k
2022 → 2025
Net result
€31k▲ 409%
2024 · €6k
2022: €12k
2023: €22k
2024: €6k
2022 → 2025
Working capital
€-15k▼ 621%
2024 · €-2k
2022: €-15k
2023: €-406
2024: €-2k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€18k-€41k▲ 122%€47k▲ 14.9%€33k▼ 30.3%
Operating result€18k-€32k▲ 74.0%€11k▼ 64.5%€43k▲ 282%
Net result€12k-€22k▲ 81.7%€6k▼ 73.0%€31k▲ 409%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 282% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €188k
Fixed assets
€89k ▼ 26.2%
Current assets
€99k ▲ 51.4%
Equity and liabilities €188k
Equity
€33k ▼ 30.3%
Debt
€155k ▲ 11.8%
Debt's share of the balance-sheet total rises from 74.8% to 82.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€77k▲
2024 · €41k
Cash flow
€64k▲
2024 · €35k
Current ratio
0.87▼
2024 · 0.97
Quick ratio
0.72▲
2024 · 0.38
Debt to equity
4.76▲
2024 · 2.97
ROE
94.6%▲
2024 · 12.9%
ROA
16.4%▲
2024 · 3.3%
Interest coverage
23.96▲
2024 · 14.96
Debt ≤ 1 year
€114k▲
2024 · €68k
Debt > 1 year
€41k▼
2024 · €71k
Income taxes
€9k▲
2024 · €3k
Staff costs
€52k▲
2024 · €41k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€186k€188k▲
Fixed assets21/28€120k€89k▼
Tangible fixed assets22/27€120k€89k▼
Land and buildings22€2k€1k▼
Plant, machinery and equipment23€60k€44k▼
Furniture and vehicles24€58k€43k▼
Current assets29/58€66k€99k▲
Stocks and contracts in progress3€40k€17k▼
Stocks30/36€26k€11k▼
Contracts in progress37€15k€6k▼
Amounts receivable within one year40/41€8k€2k▼
Trade receivables40€1k€1k▼
Other amounts receivable41€7k€454▼
Cash at bank and in hand54/58€17k€81k▲
Deferred charges and accrued income490/1€215€293▲
Equity and liabilities
Total equity and liabilities10/49€186k€188k▲
Equity10/15€47k€33k▼
Contributions10/11€6k€6k=
Reserves13€41k€27k▼
Distributable reserves133€41k€27k▼
Amounts payable17/49€139k€155k▲
Amounts payable after more than one year17€71k€41k▼
Financial debts170/4€71k€41k▼
Amounts payable within one year42/48€68k€114k▲
Current portion of amounts payable after more than one year42€30k€31k▲
Trade debts44€6k€9k▲
Suppliers440/4€6k€9k▲
Advances received on contracts in progress46€996-
Taxes, remuneration and social security45€17k€29k▲
Taxes450/3€12k€18k▲
Remuneration and social security454/9€5k€12k▲
Other amounts payable47/48€14k€45k▲
Income statement
Code20242025
Non-recurring operating income76A€4k-
Remuneration, social security and pensions62€41k€52k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€33k▲
Other operating charges640/8€977€1k▲
Gross operating margin9900€82k€129k▲
Operating profit (loss)9901€11k€43k▲
Financial income75/76B€39€21▼
Recurring financial income75€39€21▼
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€9k€40k▲
Income taxes67/77€3k€9k▲
Profit (loss) for the period9904€6k€31k▲
Profit (loss) for the period to be appropriated9905€6k€31k▲
Appropriation of the result
Profit (loss) to be appropriated9906€6k€31k▲
Transfer from equity791/2-€20k
Transfer to equity691/2€6k€6k▼
To other reserves6921€6k€6k▼
Profit to be distributed694/7-€45k
Return on contributions (dividend)694-€45k
The notes to these accounts (8 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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2022net €31k ▲409%
Operating result €43k, net result €31k, both a record.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €6k ▼73%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Lierde · 1 establishment unit since 2021
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.
Nieuwe Wijk 469570 LierdeGround area
4,891 m²
Building footprint
620 m²
Volume, LiDAR
3,488 m³
Parcel 45050B1085/00D000, Flanders · tallest building 11.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GROUP SP
since 20212.320.298.693
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45050B1085/00D000 | Flanders | 4,891 m² | 1 · 620 m² | 11.7 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.
Recognitions · licences · registrations
Dual-learning approval
7 live approvals · 1 endedBinnenschrijnwerk en interieur duaal (so)
Interieurbouwer duaal (so)
Machinaal houtbewerker duaal (so)
Medewerker hout duaal (so)
Meubelmaker duaal (so)
Plaatser houten vloerbedekking duaal (so)
Show 1 more
Trappenmaker duaal (so)
Show 1 ended approval
Meubelmaker (so)
Similar companies · same sector, comparable size
Lucas Rosseel
BE 1022.285.176
Ingelmunster · Eq €32,575
MBOIS-DESIGN
BE 0765.779.267
Ukkel · Eq €32,590
F & K
BE 0810.817.753
Bonheiden · Eq €32,567
ASD
BE 0762.613.901
Hasselt · Eq €32,554
LABO châssis
BE 0803.994.693
Berloz · Eq €32,607
Of 20,024 companies in sector 43320 we hold annual accounts for 9,135. 6,907 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-08-2021
Fiscal year end30-09
Activities, NACEBEL 2025
43320Joinery installation
43332Laying of wooden floor and wall coverings
43350Other building finishing work
43410Roofing work
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.