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GROWEA

Dissolution or liquidation
Private limited companyfounded 1969Burg. Van Gansberghelaan 11, 9820 Merelbeke-Melle, BelgiumKBO/BCE: BE 0406.950.533
GROWEADissolution or liquidation

Financials · financial year 2026, micro format

Annual accounts 2026 filed on 26-10-2026 at the NBB all 50 filings

Turnover
≈ €1.0m
Estimated: probably between €720,000 and €1.2m
Total assets
€407,290▼ 57.8%
2025 · €964,802
Net result
€327,899
2025 · -€169,755
Working capital
€382,093▼ 24.2%
2025 · €503,995
Trend over the years

2022 to 2026, 5 financial years 2018 to 2026, 9 financial years

The operating result for 2026 is a profit of €403,553, after a loss of €170,651 in 2025. It is the highest result since 2022.

Operating result€0.4m 2026 Net result€0.3m 2026

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 Crop and animal production, hunting and related service activities (NACE 01). 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
Line201820192020202120222023202420252026
Operating result€0.09m-€0.1m▲ 28.0%€0.08m▼ 33.9%€0.1m▲ 54.4%€0.2m▲ 43.7%€0.2m▲ 7.1%€0.08m▼ 56.8%-€0.2m€0.4m
Net result€0.06m-€0.08m▲ 39.8%€0.05m▼ 32.8%€0.07mabove the sector's middle half▲ 38.8%€0.1mabove the sector's middle half▲ 43.9%€0.1mabove the sector's middle half▲ 4.7%€0.04mabove the sector's middle half▼ 65.9%-€0.2mbelow the sector's middle half€0.3m
Equity€1.0m-€1.0m▼ 1.7%€1.0m▲ 2.7%€1.1mabove the sector's middle half▲ 4.6%€1.1mabove the sector's middle half▲ 3.2%€1.0mabove the sector's middle half▼ 8.6%€1.0mabove the sector's middle half▲ 3.7%€0.9mabove the sector's middle half▼ 16.2%€0.4m▼ 55.9%
Total assets€1.0m-€1.1m▲ 3.4%€1.1m▲ 1.0%€1.1mabove the sector's middle half▲ 4.9%€1.2mabove the sector's middle half▲ 3.9%€1.3mabove the sector's middle half▲ 6.2%€1.1mabove the sector's middle half▼ 11.3%€1.0mabove the sector's middle half▼ 13.3%€0.4m▼ 57.8%
Debt€0.02m-€0.08m▲ 239%€0.06m▼ 20.5%€0.07m▲ 10.4%€0.08m▲ 15.6%€0.2m▲ 221%€0.07m▼ 73.2%€0.09m▲ 32.4%€0.02m▼ 77.0%
Working capital€0.4m-€0.4m▲ 2.1%€0.5m▲ 5.3%€0.5mabove the sector's middle half▲ 21.1%€0.6mabove the sector's middle half▲ 5.8%€0.5mabove the sector's middle half▼ 9.5%€0.6mabove the sector's middle half▲ 14.9%€0.5mabove the sector's middle half▼ 16.2%€0.4m▼ 24.2%
Solvency97.9%-93.0%▼ 4.9pp94.5%▲ 1.5pp94.2%above the sector's middle half▼ 0.3pp93.6%above the sector's middle half▼ 0.6pp80.5%above the sector's middle half▼ 13.0pp94.1%above the sector's middle half▲ 13.6pp91.0%above the sector's middle half▼ 3.1pp95.1%▲ 4.1pp
Current ratio21.21-6.74▼ 14.478.70▲ 1.969.40above the sector's middle half▲ 0.708.70above the sector's middle half▼ 0.703.16above the sector's middle half▼ 5.5311.99above the sector's middle half▲ 8.827.06above the sector's middle half▼ 4.9320.31▲ 13.25
Return on assets (ROA)5.3%-7.2%▲ 1.9pp4.8%▼ 2.4pp6.4%within the sector's middle half▲ 1.6pp8.8%above the sector's middle half▲ 2.4pp8.7%above the sector's middle half▼ 0.1pp3.3%within the sector's middle half▼ 5.3pp-17.6%below the sector's middle half▼ 20.9pp80.5%▲ 98.1pp
above within below The sector band is the middle half of the companies in Crop and animal production, hunting and related service activities (NACE 01). 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. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €407,290
Fixed assets €5,408 ▼ 98.6%
Current assets €401,882 ▼ 31.6%
Equity and liabilities €407,290
Equity €387,387 ▼ 55.9%
Debt €19,903 ▼ 77.0%
Debt's share of the balance-sheet total falls from 9.0% to 4.9%. Equity and debt are lower.
Key figures and ratios
2026 value · change against 2025
EBITDA
€404,245▲
2025 · -€153,504
Cash flow
€328,591▲
2025 · -€152,608
Debt to equity
0.05▼
2025 · 0.10
ROE
84.6%▲
2025 · -19.3%
Interest coverage
over 100▲
2025 · -38.46
Debt ≤ 1 year
€19,789▼
2025 · €83,236
Income taxes
€76,341▲
2025 · €133
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item20222023202423-12-202531-03-2026
Tangible fixed assets€45,584€1,467€7,814--
Depreciation and write-downs of the year€42,463€40,529€40,967€17,147€692

Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2026 against 2025 · 47 lines
Balance sheet Code20252026
Assets
Total assets20/58€1.0m€0.4m▼
Fixed assets21/28€0.4m€0.005m▼
Tangible fixed assets22/27€0.4m€0.005m▼
Land and buildings22€0.4m-
Plant, machinery and equipment23€0.001m€459▼
Furniture and vehicles24€0.005m€0.005m▼
Current assets29/58€0.6m€0.4m▼
Amounts receivable within one year40/41€0.02m€0.02m▲
Trade receivables40-€50
Other amounts receivable41€0.02m€0.02m▲
Current investments50/53€0.05m-
Cash at bank and in hand54/58€0.5m€0.4m▼
Deferred charges and accrued income490/1€0.002m€337▼
Equity and liabilities
Total equity and liabilities10/49€1.0m€0.4m▼
Equity10/15€0.9m€0.4m▼
Contributions10/11€0.02m€0.02m=
Reserves13€1.0m€1.2m▲
Non-distributable reserves130/1€1.0m€1.2m▲
Other1319€1.0m€1.2m▲
Profit (loss) carried forward14-€0.2m-€0.02m▲
Advance to shareholders on the distribution of net assets19-€0.8m
Amounts payable17/49€0.09m€0.02m▼
Amounts payable within one year42/48€0.08m€0.02m▼
Trade debts44€0.04m€0.02m▼
Suppliers440/4€0.04m€0.02m▼
Taxes, remuneration and social security45-€40
Taxes450/3-€40
Other amounts payable47/48€0.04m-
Accrued charges and deferred income492/3€0.003m€114▼
Income statement Code20252026
Non-recurring operating income76A€0.02m€0.4m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.02m€0.001m▼
Other operating charges640/8€0.007m€0.007m▼
Non-recurring operating charges66A€0.06m-
Gross operating margin9900-€0.08m€0.4m▲
Operating profit (loss)9901-€0.2m€0.4m▲
Financial income75/76B€0.005m€0.001m▼
Recurring financial income75€0.005m€0.001m▼
Financial charges65/66B€0.004m€143▼
Recurring financial charges65€0.004m€143▼
Profit (loss) for the period before taxes9903-€0.2m€0.4m▲
Income taxes67/77€133€0.08m▲
Profit (loss) for the period9904-€0.2m€0.3m▲
Profit (loss) for the period to be appropriated9905-€0.2m€0.3m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€0.2m€0.2m▲
Profit (loss) brought forward from the previous period14P--€0.2m
Transfer to equity691/2-€0.2m
To other reserves6921-€0.2m

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2026 at the NBB, filed on 26-10-2026.

Line201820192020202120222023202420252026Change
Non-recurring operating income76A---€649--€3,500€15,221€438,529▲ 29×
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45,786€47,768€50,716€45,905€42,463€40,529€40,967€17,147€692▼ 96.0%
Other operating charges640/8---€6,131€6,156€6,755€6,905€6,802€6,675▼ 1.9%
Non-recurring operating charges66A-------€62,076--
Gross operating margin9900€141,459€167,729€132,321€168,384€215,786€226,242€125,241-€84,626€410,920-
Operating profit (loss)9901€88,967€113,922€75,352€116,348€167,167€178,958€77,368-€170,651€403,553-
Financial income75/76B---€0€426€4,900€6,988€5,021€830▼ 83.5%
Recurring financial income75€388€1€2€0€426€4,900€6,988€5,021€830▼ 83.5%
Financial charges65/66B---€14,046€17,650€23,119€28,863€3,991€143▼ 96.4%
Recurring financial charges65€12,725€12,873€12,441€14,046€17,650€23,119€28,863€3,991€143▼ 96.4%
Profit (loss) for the period before taxes9903€76,630€101,050€62,914€102,302€149,943€160,739€55,494-€169,622€404,240-
Income taxes67/77€21,249€23,620€10,852€30,060€45,962€51,902€18,398€133€76,341▲ 572×
Profit (loss) for the period9904€55,381€77,430€52,062€72,242€103,981€108,837€37,096-€169,755€327,899-
Transfer from tax-exempt reserves789---€30,117------
Profit (loss) for the period to be appropriated9905€55,381€77,430€52,062€102,359€103,981€108,837€37,096-€169,755€327,899-
Line201820192020202120222023202420252026Change
Assets
Total assets20/58€1.0m€1.1m€1.1m€1.1m€1.2m€1.3m€1.1m€1.0m€0.4m▼ 57.8%
Fixed assets21/28€0.6m€0.6m€0.6m€0.5m€0.5m€0.5m€0.5m€0.4m€0.005m▼ 98.6%
Intangible fixed assets21---€0.007m€0.006m€0.004m€0.002m---
Tangible fixed assets22/27€0.6m€0.6m€0.6m€0.5m€0.5m€0.5m€0.5m€0.4m€0.005m▼ 98.6%
Land and buildings22---€0.5m€0.5m€0.5m€0.4m€0.4m--
Plant, machinery and equipment23---€0.05m€0.04m€0.03m€0.01m€0.001m€459▼ 27.9%
Furniture and vehicles24---€0.004m€0.001m€0.001m€0.007m€0.005m€0.005m▼ 9.4%
Current assets29/58€0.4m€0.5m€0.5m€0.6m€0.7m€0.8m€0.7m€0.6m€0.4m▼ 31.6%
Stocks and contracts in progress3€0.2m€0.2m€0.2m€0.1m€0.1m€0.2m----
Stocks30/36---€0.1m€0.1m€0.2m----
Amounts receivable within one year40/41€0.05m€0.01m€0.05m€0.02m€0.01m€0.006m€0.02m€0.02m€0.02m▲ 16.9%
Trade receivables40---€0.02m€0.008m€197€0.001m-€50-
Other amounts receivable41---€0.002m€0.003m€0.005m€0.02m€0.02m€0.02m▲ 16.6%
Current investments50/53-----€0.2m€0.2m€0.05m--
Cash at bank and in hand54/58€0.2m€0.3m€0.3m€0.4m€0.5m€0.4m€0.4m€0.5m€0.4m▼ 26.3%
Deferred charges and accrued income490/1---€0.006m€0.007m€0.01m€0.01m€0.002m€337▼ 82.3%
Equity and liabilities
Total equity and liabilities10/49€1.0m€1.1m€1.1m€1.1m€1.2m€1.3m€1.1m€1.0m€0.4m▼ 57.8%
Equity10/15€1.0m€1.0m€1.0m€1.1m€1.1m€1.0m€1.0m€0.9m€0.4m▼ 55.9%
Contributions10/11€0.2m€0.2m-€0.2m€0.2m€0.02m€0.02m€0.02m€0.02m=
Reserves13€0.8m€0.8m€0.8m€0.9m€0.9m€1.0m€1.0m€1.0m€1.2m▲ 17.3%
Non-distributable reserves130/1---€0.8m€0.9m€1.0m€1.0m€1.0m€1.2m▲ 17.3%
Reserves not available under the articles1311---€0.02m€0.02m-----
Other1319---€0.8m€0.9m€1.0m€1.0m€1.0m€1.2m▲ 17.3%
Distributable reserves133---€0.07m------
Profit (loss) carried forward14€431-------€0.2m-€0.02m▲ 88.2%
Advance to shareholders on the distribution of net assets19--------€0.8m-
Amounts payable17/49€0.02m€0.08m€0.06m€0.07m€0.08m€0.2m€0.07m€0.09m€0.02m▼ 77.0%
Amounts payable within one year42/48€0.02m€0.07m€0.06m€0.07m€0.08m€0.2m€0.05m€0.08m€0.02m▼ 76.2%
Trade debts44€0.02m€0.01m€0.01m€0.01m€0.009m€0.008m€0.005m€0.04m€0.02m▼ 52.9%
Suppliers440/4---€0.01m€0.009m€0.008m€0.005m€0.04m€0.02m▼ 52.9%
Taxes, remuneration and social security45---€0.01m€0.02m€0.07m--€40-
Taxes450/3---€0.01m€0.02m€0.07m--€40-
Other amounts payable47/48---€0.04m€0.05m€0.2m€0.05m€0.04m--
Accrued charges and deferred income492/3---€0.001m€0.001m€0.003m€0.01m€0.003m€114▼ 96.7%
Line201820192020202120222023202420252026Change
Profit (loss) for the period9904€55,381€77,430€52,062€72,242€103,981€108,837€37,096-€169,755€327,899-
+ Depreciation and write-downs630€45,786€47,768€50,716€45,905€42,463€40,529€40,967€17,147€692▼ 96.0%
Operating cash flow (approximation)€101,167€125,198€102,777€118,147€146,444€149,365€78,063-€152,608€328,591-
Investment in fixed assets (approximation)--€20,262-€55,131€2,917-€45,584-€1,467-€7,814€62,252€371,471▲ 497%
Change in cash-€66,143-€16,958€162,841€39,085-€90,094€30,172€91,920-€136,580-

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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Latest 10 of 50 filings with the National Bank
Financial year Type Filed Reference Document
31-03-2026 micro format 26-10-2026 2026-00571143 PDF
23-12-2025 micro format 07-04-2026 2026-00074795 PDF
31-12-2024 micro format 13-05-2025 2025-00095368 PDF
31-12-2023 micro format 02-05-2024 2024-00081653 PDF
31-12-2022 micro format 25-07-2023 2023-00273884 PDF
31-12-2021 micro format 08-06-2022 2022-20057106 PDF
31-12-2020 micro format 09-06-2021 2021-19300490 PDF
31-12-2019 micro format 03-06-2020 2020-14500110 PDF
31-12-2018 micro format 02-05-2019 2019-12300003 PDF
31-12-2017 micro format 30-05-2018 2018-14700548 PDF

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