GROVÖ
ActiveThe file of GROVÖ contains 2 judicial reorganisations, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is ≥ 25% (high). The 2024 annual accounts show equity of €131k and a net result of €28k. Equity is growing by ~95% per year across the filed fiscal years. Its solvency ranks better than 28% of 20787 sector peers (fiscal year 2024).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency73▼-10
Growth78=
Stability60
Bankruptcy probability, 12 months
≥ 25%
High
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days only on tighter terms
Liquidity ample (current ratio 1.59 against 1.72 in 2023), but 61.7% 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.
+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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-09-2025, 50 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
50 d late
2023
86 d late
2022
70 d late
2020
87 d late
2019
71 d late
2018
8 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€131k▲ 26.6%
2023 · €104k
2018: €14k
2019: €2k
2020: €9k
2022: €41k
2023: €104k
2018 → 2024
Total assets
€343k▲ 45.1%
2023 · €237k
2018: €30k
2019: €7k
2020: €22k
2022: €115k
2023: €237k
2018 → 2024
Net result
€28k▼ 56.0%
2023 · €63k
2018: €14k
2019: €-11k
2020: €7k
2022: €16k
2023: €63k
2018 → 2024
Working capital
€125k▲ 30.0%
2023 · €96k
2018: €14k
2019: €2k
2020: €9k
2022: €35k
2023: €96k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202220232024Trend
Equity€2k-€9k▲ 282%€41k▲ 352%€104k▲ 153%€131k▲ 26.6%
Operating result€-12k-€7k€24k▲ 249%€88k▲ 265%€39k▼ 56.2%
Net result€-11k-€7k€16k▲ 139%€63k▲ 292%€28k▼ 56.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 56% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €343k
Fixed assets
€6k▼ 17.1%
Current assets
€337k▲ 47.2%
Equity and liabilities €343k
Equity
€131k▲ 26.6%
Debt
€212k▲ 59.6%
The debt ratio rises from 56.1% to 61.7%: debt grows faster than equity.
Key figures and ratios
EBITDA
€40k▼
2023 · €89k
Cash flow
€29k▼
2023 · €64k
Solvency
38.3%▼
2023 · 43.9%
Current ratio
1.59▼
2023 · 1.72
Quick ratio
1.59▼
2023 · 1.72
Debt / equity
1.61▲
2023 · 1.28
ROE
21.0%▼
2023 · 60.5%
ROA
8.0%▼
2023 · 26.5%
Interest coverage
5.04▼
2023 · 39.74
Debt
€212k▲
2023 · €133k
Debt ≤ 1 year
€212k▲
2023 · €133k
Income taxes
€14k▼
2023 · €28k
Staff costs
€104k▲
2023 · €54k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€237k€343k▲
Fixed assets21/28€7k€6k▼
Tangible fixed assets22/27€3k€2k▼
Furniture and vehicles24€3k€2k▼
Financial fixed assets28€4k€4k=
Current assets29/58€229k€337k▲
Stocks and contracts in progress3€1k€910▼
Stocks30/36€1k€910▼
Amounts receivable within one year40/41€220k€323k▲
Trade receivables40€71k€56k▼
Other amounts receivable41€148k€267k▲
Cash at bank and in hand54/58€8k€9k▲
Deferred charges and accrued income490/1-€4k
Equity and liabilities
Total equity and liabilities10/49€237k€343k▲
Equity10/15€104k€131k▲
Contributions10/11€1€1=
Reserves13€29k€29k=
Non-distributable reserves130/1€19k€19k=
Reserves not available under the articles1311€19k€19k=
Distributable reserves133€10k€10k=
Profit (loss) carried forward14€75k€102k▲
Amounts payable17/49€133k€212k▲
Amounts payable within one year42/48€133k€212k▲
Financial debts43-€1k
Credit institutions430/8-€1k
Trade debts44€74k€77k▲
Suppliers440/4€74k€77k▲
Taxes, remuneration and social security45€59k€69k▲
Taxes450/3€51k€55k▲
Remuneration and social security454/9€8k€13k▲
Other amounts payable47/48-€65k
Income statement
Code20232024
Remuneration, social security and pensions62€54k€104k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€2k
Other operating charges640/8€9k€6k▼
Gross operating margin9900€152k€153k▲
Operating profit (loss)9901€88k€39k▼
Financial income75/76B€5k€11k▲
Recurring financial income75€5k€11k▲
Financial charges65/66B€2k€8k▲
Recurring financial charges65€2k€8k▲
Profit (loss) for the period before taxes9903€91k€42k▼
Income taxes67/77€28k€14k▼
Profit (loss) for the period9904€63k€28k▼
Profit (loss) for the period to be appropriated9905€63k€28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€90k€102k▲
Profit (loss) brought forward from the previous period14P€27k€75k▲
Transfer to equity691/2€15k-
To other reserves6921€15k-
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
2026
09-02
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise francophone de Bruxelles · 20250133 · event 28-01-2026
2025
23-10
Judicial reorganisation
Opening
Tribunal de l’entreprise francophone de Bruxelles · collectif_pme · event 15-10-2025
19-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 50 days late
2024
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 86 days late
2023
31-12
Financial
Highest result since 2018net €63k ▲292%
Operating result €88k, net result €63k, both a record.
31-12
Financial
Equity above €100kEq €104k ▲153%
3 profitable years in a row build equity to €104k.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
2020
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
10-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 71 days late
2019
31-12
Financial
Weakest financial yearnet €-11k ▼183%
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Elsene · 1 establishment unit since 2017
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.
Provooststraat 21050 ElseneGround area
201 m²
Building footprint
202 m²
Volume, LiDAR
3,324 m³
Parcel 21447B0301/00L007, Brussels · tallest building 23.0 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
GROVÖ
since 20172.266.173.287
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0301/00L007 | Brussels | 201 m² | 1 · 202 m² | 23.0 m · 7 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
FLEURS DESIGN
BE 0472.058.517
Chimay · Eq €131k
BLOOM Brasschaat
BE 0749.428.037
Brasschaat · Eq €131k
C'GARDEN
BE 0703.918.706
Hannut · Eq €132k
PETALE & PISTIL
BE 0426.246.011
Sint-Pieters-Woluwe · Eq €132k
LA ROSE DES SABLES - BELOEIL
BE 0835.441.796
Beloeil · Eq €133k
Of 3,374 companies in sector 47761 we hold annual accounts for 1,152. 939 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded22-06-2017
Fiscal year end31-12
Activities, NACEBEL
47761Retail sale of flowers, plants, seeds and fertilisers
62020IT consultancy
62200Computer consultancy and computer facilities management
47120Other non-specialised retail sale
47910Retail trade
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
82300Organisation of conventions and trade shows
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.