GROWEA
Dissolution or liquidationThe KBO register records for GROWEA the legal situation: dissolution or liquidation (code 012); this is today's state according to the register itself, which carries no start date. The 2025 annual accounts show equity of €878k and a net result of €-170k.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Strong solvency vs sector
Solvency is in the sector's strongest quartile: better than 94% of 3098 peers (2025). A comfortable equity buffer.
NBB · sector comparisonPosition among 3098 sector peers
Solvency
better than 94%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 23-12-2025 was due by 23-07-2026 and was filed on 07-04-2026, 107 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
107 d early
2024
79 d early
2023
90 d early
2022
6 d early
2021
53 d early
2020
52 d early
2019
58 d early
← before the deadline
after the deadline →
Financials · fiscal year 2025, micro schema
Equity
€878k▼ 16.2%
2024 · €1.05M
2018: €1.02M
2019: €998k
2020: €1.02M
2021: €1.07M
2022: €1.11M
2023: €1.01M
2024: €1.05M
2018 → 2025
Total assets
€965k▼ 13.3%
2024 · €1.11M
2018: €1.04M
2019: €1.07M
2020: €1.08M
2021: €1.14M
2022: €1.18M
2023: €1.26M
2024: €1.11M
2018 → 2025
Net result
€-170k
2024 · €37k
2018: €55k
2019: €77k
2020: €52k
2021: €72k
2022: €104k
2023: €109k
2024: €37k
2018 → 2025
Working capital
€504k▼ 16.2%
2024 · €602k
2018: €420k
2019: €428k
2020: €451k
2021: €546k
2022: €578k
2023: €523k
2024: €602k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.07M-€1.11M▲ 3.2%€1.01M▼ 8.6%€1.05M▲ 3.7%€878k▼ 16.2%
Operating result€116k-€167k▲ 43.7%€179k▲ 7.1%€77k▼ 56.8%€-171k
Net result€72k-€104k▲ 43.9%€109k▲ 4.7%€37k▼ 65.9%€-170k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €171k after €77k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €965k
Fixed assets
€378k▼ 17.4%
Current assets
€587k▼ 10.5%
Equity and liabilities €965k
Equity
€878k▼ 16.2%
Debt
€87k▲ 32.4%
The debt ratio rises from 5.9% to 9.0%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-154k▼
2024 · €118k
Cash flow
€-153k▼
2024 · €78k
Solvency
91.0%▼
2024 · 94.1%
Current ratio
7.06▼
2024 · 11.99
Quick ratio
7.06▼
2024 · 11.99
Debt / equity
0.10▲
2024 · 0.06
ROE
-19.3%▼
2024 · 3.5%
ROA
-17.6%▼
2024 · 3.3%
Interest coverage
-38.46▼
2024 · 4.10
Debt
€87k▲
2024 · €65k
Debt ≤ 1 year
€83k▲
2024 · €55k
Income taxes
€133▼
2024 · €18k
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€1.11M€965k▼
Fixed assets21/28€457k€378k▼
Intangible fixed assets21€2k-
Tangible fixed assets22/27€454k€378k▼
Land and buildings22€435k€371k▼
Plant, machinery and equipment23€12k€637▼
Furniture and vehicles24€7k€5k▼
Current assets29/58€656k€587k▼
Amounts receivable within one year40/41€17k€17k▼
Trade receivables40€558-
Other amounts receivable41€17k€17k▼
Current investments50/53€200k€50k▼
Cash at bank and in hand54/58€427k€519k▲
Deferred charges and accrued income490/1€12k€2k▼
Equity and liabilities
Total equity and liabilities10/49€1.11M€965k▼
Equity10/15€1.05M€878k▼
Contributions10/11€20k€20k=
Reserves13€1.03M€1.03M=
Non-distributable reserves130/1€1.03M€1.03M=
Other1319€1.03M€1.03M=
Profit (loss) carried forward14-€-170k
Amounts payable17/49€65k€87k▲
Amounts payable within one year42/48€55k€83k▲
Trade debts44€5k€42k▲
Suppliers440/4€5k€42k▲
Other amounts payable47/48€50k€41k▼
Accrued charges and deferred income492/3€11k€3k▼
Income statement
Code20242025
Non-recurring operating income76A€4k€15k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€17k▼
Other operating charges640/8€7k€7k▼
Non-recurring operating charges66A-€62k
Gross operating margin9900€125k€-85k▼
Operating profit (loss)9901€77k€-171k▼
Financial income75/76B€7k€5k▼
Recurring financial income75€7k€5k▼
Financial charges65/66B€29k€4k▼
Recurring financial charges65€29k€4k▼
Profit (loss) for the period before taxes9903€55k€-170k▼
Income taxes67/77€18k€133▼
Profit (loss) for the period9904€37k€-170k▼
Profit (loss) for the period to be appropriated9905€37k€-170k▼
Appropriation of the result
Profit (loss) to be appropriated9906€37k€-170k▼
Transfer to equity691/2€37k-
To other reserves6921€37k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
07-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-12
Financial
Weakest financial yearnet €-170k ▼558%
Net result drops to €-170k, the lowest in the series.
13-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity quadruplescurrent ratio 11.99
Current ratio from 3.16 to 11.99; short-term debt falls from €242k to €55k.
02-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €109k ▲4.7%
Operating result €179k, net result €109k, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €1MEq €1.02M ▲2.7%
3 profitable years in a row build equity to €1.02M.
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2024
Charis AELBRECHT
CurrentDirector · since 29-01-2024
29-01-2024
Appointed as Director
Location & real-estate footprint
Registered office, Merelbeke-Melle · 1 establishment unit since 1972
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.
Burg. Van Gansberghelaan 119820 Merelbeke-MelleGround area
9,968 m²
Building footprint
7,158 m²
Volume, LiDAR
44,348 m³
Parcel 44413A0354/00H000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GROWEA
since 19722.121.347.240
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44413A0354/00H000 | Flanders | 9,968 m² | 1 · 7,158 m² | 8.9 m · 2 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
DEMEPLANT
BE 0430.497.579
Gent · Eq €880k
DRIEGHE AZALEA
BE 0895.084.326
Lochristi · Eq €874k
Le 210
BE 0415.245.716
Sainte-Ode · Eq €886k
Au Petit Jardin
BE 0822.544.756
Poperinge · Eq €865k
JOS EN RIK VAN DE VELDE
BE 0863.520.328
Lochristi · Eq €893k
Of 870 companies in sector 01191 we hold annual accounts for 306. 238 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-12-1969
Fiscal year end23-12
Activities, NACEBEL
01122
01191Growing of flowers
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.