GROVAN
ActiveGROVAN has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €193k and a net result of €21k. Equity is growing by ~30% per year across the filed fiscal years. Its solvency ranks better than 52% of 9107 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
81
/ 100
Excellent▼ -5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability55▼-20
Solvency62▲+6
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.37 in 2024), and 66.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
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
33.4%
Return on assets
3.7%
Age of the figures
12 mo
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-05-2026, 28 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
28 d late
2024
23 d late
2023
4 d early
2022
3 d early
2021
2 d early
2020
2 d early
2019
28 d early
← before the deadline
after the deadline →
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
16-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€193k▲ 12.4%
2024 · €172k
2018: €-105k
2019: €-95k
2020: €-91k
2021: €152k
2022: €149k
2023: €146k
2024: €172k
2018 → 2025
Total assets
€579k▲ 3.1%
2024 · €562k
2018: €416k
2019: €422k
2020: €447k
2021: €567k
2022: €567k
2023: €561k
2024: €562k
2018 → 2025
Net result
€21k▼ 17.3%
2024 · €26k
2018: €15k
2019: €9k
2020: €4k
2021: €243k
2022: €-3k
2023: €-3k
2024: €26k
2018 → 2025
Working capital
€169k▲ 19.7%
2024 · €142k
2018: €-472k
2019: €-435k
2020: €-414k
2021: €120k
2022: €120k
2023: €104k
2024: €142k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€152k-€149k▼ 1.7%€146k▼ 2.1%€172k▲ 17.6%€193k▲ 12.4%
Operating result€243k-€-2k€-2k▲ 2.1%€26k€22k▼ 17.3%
Net result€243k-€-3k€-3k▼ 18.6%€26k€21k▼ 17.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €579k
Fixed assets
€27k▼ 19.4%
Current assets
€552k▲ 4.5%
Equity and liabilities €579k
Equity
€193k▲ 12.4%
Debt
€386k▼ 1.0%
The debt ratio falls from 69.4% to 66.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€28k▼
2024 · €33k
Cash flow
€28k▼
2024 · €33k
Solvency
33.4%▲
2024 · 30.6%
Current ratio
1.44▲
2024 · 1.37
Quick ratio
1.44▲
2024 · 1.37
Debt / equity
2.00▼
2024 · 2.26
ROE
11.0%▼
2024 · 15.0%
ROA
3.7%▼
2024 · 4.6%
Interest coverage
53.99▼
2024 · 68.94
Debt
€386k▼
2024 · €390k
Debt ≤ 1 year
€382k▼
2024 · €386k
Debt > 1 year
€4k=
2024 · €4k
Income taxes
€178▲
2024 · €169
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€562k€579k▲
Fixed assets21/28€34k€27k▼
Tangible fixed assets22/27€34k€27k▼
Plant, machinery and equipment23€500€220▼
Furniture and vehicles24€34k€27k▼
Current assets29/58€528k€552k▲
Amounts receivable within one year40/41€401k€522k▲
Trade receivables40€40k€38k▼
Other amounts receivable41€361k€484k▲
Cash at bank and in hand54/58€125k€28k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€562k€579k▲
Equity10/15€172k€193k▲
Contributions10/11€605k€605k=
Profit (loss) carried forward14€-433k€-412k▲
Amounts payable17/49€390k€386k▼
Amounts payable after more than one year17€4k€4k=
Other amounts payable178/9€4k€4k=
Amounts payable within one year42/48€386k€382k▼
Trade debts44€42k€38k▼
Suppliers440/4€42k€38k▼
Taxes, remuneration and social security45€169€178▲
Taxes450/3€169€178▲
Other amounts payable47/48€344k€344k=
Income statement
Code20242025
Non-recurring operating income76A€6k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▼
Other operating charges640/8€5k€5k▲
Gross operating margin9900€39k€33k▼
Operating profit (loss)9901€26k€22k▼
Financial income75/76B€101€244▲
Recurring financial income75€101€244▲
Financial charges65/66B€485€525▲
Recurring financial charges65€485€525▲
Profit (loss) for the period before taxes9903€26k€21k▼
Income taxes67/77€169€178▲
Profit (loss) for the period9904€26k€21k▼
Profit (loss) for the period to be appropriated9905€26k€21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-433k€-412k▲
Profit (loss) brought forward from the previous period14P€-459k€-433k▲
The notes to these accounts (5 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
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 23 days late
2024
30-09
Financial
Back to profitnet €26k
Net result €26k after 2 loss-making years.
30-09
Financial
Equity above €150kEq €172k ▲17.6%
Equity rises from €146k to €172k.
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2018net €243k ▲5504%
Operating result €243k, net result €243k, both a record.
30-09
Financial
Liquidity times 6current ratio 1.29
Current ratio from 0.22 to 1.29; short-term debt falls from €533k to €412k.
30-09
Financial
Equity above €150kEq €152k
4 profitable years in a row build equity to €152k.
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Alken · 1 establishment unit since 2001
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.
Hameestraat 373570 AlkenGround area
3,502 m²
Building footprint
453 m²
Volume, LiDAR
2,515 m³
2 parcels, Flanders · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GROVAN NV
since 20012.093.179.331
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73302F0769/00F000 | Flanders | 2,898 m² | 1 · 299 m² | 8.8 m · 2 fl. |
| 73302F0387/00D000indicative | Flanders | 604 m² | 1 · 154 m² | 10.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAlken2.093.179.331
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Of 586 companies in sector 68204 we hold annual accounts for 317. 230 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded15-02-2001
Fiscal year end30-09
Activities, NACEBEL
68204Real estate activities
46319Wholesale of fruit and vegetables, excluding potatoes
46349Wholesale of beverages, general range
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.