Turnover
≈ €740,000 estimated
The accounts state no turnover.
GROUPON
Lifetime
14 annual accounts with figures on one time axis, 16 filings since 2010peak €2.9m (2016)
€370,872▼ 1.2%
lowest -€2.5m (2010)
€232,859▼ 9.5%
peak €2.9m (2015)
€2.0m▲ 13.1%
€2.6m▼ 21.0%
peak 172.1 FTE (2012)
1.7 FTE▼ 43.3%
Board10 names since 2018
1 directorKarel Gussenhoven
Owners4 names in the annual accounts
99.99%Groupon Europe GmbH and 2 others
Documentsfilings and deeds
15-07-202616 days before the deadline
2025abbreviated format
Staff from 3 FTE to 1.7 FTEEquity from €1.8m to €2.0mDebts from €3.3m to €2.6mInvestments €2,994
Key points
from the 2025 annual accountsInvestments
€2,994 4.0 × depreciation
Green is investment, beige is depreciation.
Staff
1.7 FTE from 172.1 in 2012
Between 2012 and 2025, 99% of the full-time equivalents disappeared.
Filings
16 annual accounts since 2010
Four of the last ten came late. The 2021 accounts came latest: 177 days after the end of the period.
At the same address
107 companies
Position in the sector
€2.0m
More equity than 91% of companies in advertising and market research. Sector median €164,018 · 2,097 companies.
Checked score
92
Excellent
Financially stronger than 38% of micro companies in advertising and market research (NACE 73)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 11,228 companies (NACE 73, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.6%▼ -0.1 percentage points vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.7%▲ +0.1 percentage points vs 02-2025
04-2025: 0.7%● unchanged vs 03-2025
05-2025: 0.8%▲ +0.1 percentage points vs 04-2025
06-2025: 0.9%▲ +0.1 percentage points vs 05-2025
07-2025: 1.0%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.1%▼ -0.9 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
lowers risk
Size: 1.7 FTE, total assets €4.6m
Figures for financial year 2025 (filed on 15-07-2026)
Founded in 2010
Equity €2.0m (43.7% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro). It does better than 44% of them on solvency, 22% on liquidity, 23% on profitability and 64% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as GROUPON has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of GROUPON itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 34,693 companies, not a prediction for GROUPON. 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
Credit of up to €180,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.9 (1.67 in 2024), above the usual 1.5. Short-term debt is 52.5% and cash 11.5% of total assets. However, 56.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 days early
2024
9 days early
2023
29 days early
2022
9 days late
2021
177 days late
2020
89 days late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 32 days after the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Groupon Europe GmbH 99.99%annual accounts 2025
- Groupon Inc. consolidatesannual accounts 2025
- Groupon GmbH 0.01%annual accounts 2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0825606590
Resignation: Robert Stevenson (director)
Appointment: Karel Gussenhoven (director) · General meeting of 05-09-2024 · Gazette deed
Registered office moved from Saint-Josse-ten-Noode to Brussels
New registered office: Bruxelles Regus South Station, 4ème étage, South Center Titanium, Place Marcel Broodthaers 8, 1060 Bruxelles · Previous registered office: Boulevard Saint-Lazare 4, 1210 Saint-Josse-ten-Noode · Board meeting of 08-02-2024 · Gazette deed
Resignation: Francisco Falcato de Sousa (director)
General meeting of 31-08-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GROUPON Sint-Gillis (bij-Brussel) | €4.6m | €370,872 | 43.7% | 1.7 |
| 1105 real estate Antwerp | €4.8m | €519,294 | -32.0% | 1.9 |
| MAGIC IMAGE Forest | €3.7m | €567,497 | 8.9% | 1.6 |
| AELIUS Bruges | €3.9m | €238,763 | 18.0% | 1 |
| PERITUS BRANDS Mechelen | €4.2m | €968,584 | 50.3% | 1.8 |
| JVS CONSULTING Uccle | €3.5m | €286,936 | 50.3% | 0.5 |
| YOBO Ixelles | €5.6m | €259,569 | 3.9% | 0.8 |
These companies have the same main activity as GROUPON: advertising agencies (NACE 73110). They are comparable in size and age: total assets between €3.5m and €5.6m, founded between 1998 and 2018.
Official details
Source: KBO- Status
- Active since 04-05-2010Normal situation
- Registered office
- 108 active companies are registered at this address12 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Advertising agenciesNACE 73110
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2024
- Establishment unit
- 2.188.174.7951060 Sint-Gillis (bij-Brussel), since 04-05-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 10-11-2025
Annual accounts 2025
- €4.6m▼ 10.7%
- Employeeson 31-12-2025
- 1▼ 66.7%
- Filing
- Filed on 15-07-2026, 16 days before the end of the filing period
Insights on GROUPON
GROUPON files the abbreviated format. That format states no turnover. The gross margin fell from €2.9m in 2016 to €370,872 in 2025.
Groupon Europe GmbH holds all the shares.
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 GROUPON
- What is the company number of GROUPON?
- The company number of GROUPON is 0825.606.590. The VAT number is the same number with BE in front: BE 0825.606.590.
- Where is GROUPON based?
- The registered office is at Marcel Broodthaersplein 8, 1060 Sint-Gillis (bij-Brussel).Company details
- What does GROUPON do?
- According to the KBO register, the main activity is advertising agencies (NACE 73110).
- What is the legal form of GROUPON?
- GROUPON is a private limited company (BV).
- When was GROUPON founded?
- GROUPON was founded on 04-05-2010.
- Is GROUPON still active?
- Yes, GROUPON is an active enterprise in the KBO register.
- How many employees does GROUPON have?
- GROUPON had an average of 1.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does GROUPON fall under?
- In its 2024 annual accounts, GROUPON states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of GROUPON?
- The turnover in financial year 2025 is ≈ €740,000. This figure is estimated from the gross margin of €370,872 and 37 comparable companies (NACE 73). It probably lies between €500,000 and €950,000.
- Is GROUPON profitable?
- In financial year 2025, GROUPON made a profit of €232,859.
- Where can I find the annual accounts of GROUPON?
- GROUPON filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GROUPON due?
- GROUPON must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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