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GrowBig

Active
Private limited companyfounded 2023active for 3 yearsIlgatlaan 9, 3500 Hasselt, BelgiumKBO/BCE: BE 0802.370.142

Financials · financial year 2025, micro format

2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00467402.

Annual accounts 2025 filed on 31-08-2026 at the NBB all 2 filings

Equity
-€3,226▼ 48.2%
2024 · -€2,176
Total assets
€10,090=
2024 · €10,090
Net result
-€1,050▲ 66.9%
2024 · -€3,176
Working capital
-€3,226▼ 48.2%
2024 · -€2,176
Trend over the years

2024 to 2025, 2 financial years

The operating result for 2025 is a loss of €1,050, smaller than the loss of €3,155 in 2024.

Operating result-€1,050 2025 Net result-€1,050 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Advertising, market research and public relations activities (NACE 73). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result-€3,155--€1,050▲ 66.7%
Net result-€3,176below the sector's middle half--€1,050below the sector's middle half▲ 66.9%
Equity-€2,176below the sector's middle half--€3,226below the sector's middle half▼ 48.2%
Total assets€10,090below the sector's middle half-€10,090below the sector's middle half=
Debt€12,266-€13,316▲ 8.6%
Working capital-€2,176below the sector's middle half--€3,226below the sector's middle half▼ 48.2%
Solvency-21.6%below the sector's middle half--32.0%below the sector's middle half▼ 10.4pp
Current ratio0.82below the sector's middle half-0.76below the sector's middle half▼ 0.06
Return on assets (ROA)-31.5%below the sector's middle half--10.4%below the sector's middle half▲ 21.1pp
above within below The sector band is the middle half of the companies in Advertising, market research and public relations activities (NACE 73). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them.
Key figures and ratios
2025 value · change against 2024
Debt ≤ 1 year
€13,316▲
2024 · €12,266
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Subsidies and aid

Flemish government

2023 · 1 entry · €1,950 awarded · €1,950 paid
Schemes
1 entry · €1,950 · €1,950 paid · Fonds voor Innoveren en Ondernemen
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 26 lines
Balance sheet Code20242025
Assets
Total assets20/58€10,090€10,090=
Current assets29/58€10,090€10,090=
Amounts receivable within one year40/41€9,476€9,476=
Trade receivables40€8,716€8,716=
Other amounts receivable41€760€760=
Cash at bank and in hand54/58€614€614=
Equity and liabilities
Total equity and liabilities10/49€10,090€10,090=
Equity10/15-€2,176-€3,226▼
Contributions10/11€1,000€1,000=
Profit (loss) carried forward14-€3,176-€4,226▼
Amounts payable17/49€12,266€13,316▲
Amounts payable within one year42/48€12,266€13,316▲
Trade debts44€12,256€12,256=
Suppliers440/4€12,256€12,256=
Taxes, remuneration and social security45€10€1,060▲
Taxes450/3€10€1,060▲
Income statement Code20242025
Other operating charges640/8€815€1,050▲
Gross operating margin9900-€2,340-
Operating profit (loss)9901-€3,155-€1,050▲
Financial charges65/66B€22-
Recurring financial charges65€22-
Profit (loss) for the period before taxes9903-€3,176-€1,050▲
Profit (loss) for the period9904-€3,176-€1,050▲
Profit (loss) for the period to be appropriated9905-€3,176-€1,050▲
Appropriation of the result
Profit (loss) to be appropriated9906-€3,176-€4,226▼
Profit (loss) brought forward from the previous period14P--€3,176

The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.

Line20242025Change
Other operating charges640/8€815€1,050▲ 28.9%
Gross operating margin9900-€2,340--
Operating profit (loss)9901-€3,155-€1,050▲ 66.7%
Financial charges65/66B€22--
Recurring financial charges65€22--
Profit (loss) for the period before taxes9903-€3,176-€1,050▲ 66.9%
Profit (loss) for the period9904-€3,176-€1,050▲ 66.9%
Profit (loss) for the period to be appropriated9905-€3,176-€1,050▲ 66.9%
Line20242025Change
Assets
Total assets20/58€10,090€10,090=
Current assets29/58€10,090€10,090=
Amounts receivable within one year40/41€9,476€9,476=
Trade receivables40€8,716€8,716=
Other amounts receivable41€760€760=
Cash at bank and in hand54/58€614€614=
Equity and liabilities
Total equity and liabilities10/49€10,090€10,090=
Equity10/15-€2,176-€3,226▼ 48.2%
Contributions10/11€1,000€1,000=
Profit (loss) carried forward14-€3,176-€4,226▼ 33.1%
Amounts payable17/49€12,266€13,316▲ 8.6%
Amounts payable within one year42/48€12,266€13,316▲ 8.6%
Trade debts44€12,256€12,256=
Suppliers440/4€12,256€12,256=
Taxes, remuneration and social security45€10€1,060▲ 103×
Taxes450/3€10€1,060▲ 103×
Line20242025Change
Profit (loss) for the period9904-€3,176-€1,050▲ 66.9%
Operating cash flow (approximation)-€3,176-€1,050▲ 66.9%
Change in cash-€0-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 7,639 companies had the same profile as GrowBig has now. Two years later, 8.8% had gone bankrupt and 84.9% were still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.8% went bankrupt
5.6% stopped otherwise
84.9% was still going

Another 0.7% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of GrowBig itself is lower: 1.8% within 12 months. It rests on far more data about GrowBig than the profile alone.

Test of the method

The method was tested on the 497,446 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 7,639 companies, not a prediction for GrowBig. 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.

Filings with the National Bank (2)
Financial year Type Filed Reference Document
31-12-2025 micro format 31-08-2026 2026-00467402 PDF
31-12-2024 micro format 29-04-2026 2026-00092486 PDF

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