Debts
€209,440 78% of the balance sheet
Financial debts 53%Suppliers 2%Taxes and wages 0%Other 44%
Of this, €98,004 falls due within a year.
GROWEBA
Lifetime
8 annual accounts with figures on one time axispeak €119,781 (2024)
€87,429▲ 34.3%
lowest -€37,934 (2025)
€7,945▲ €45,879
peak €90,291 (2024)
€60,302▲ 15.2%
€209,440▼ 8.9%
Board4 names since 2020
4 directorsBASTOEN Berend Stephan Paul and 3 others
Documentsfilings and deeds
29-09-202632 days before the deadline
2026micro format
Gross margin from €65,099 to €87,429Back to profit: €7,945Equity from €52,357 to €60,302Cash from €7,016 to €18,389
Key points
from the 2026 annual accountsInvestments
€223,357 3.2 × depreciation
Green is investment, beige is depreciation.
Position in the sector
22.4%
Lower solvency than 80% of companies in specialised construction. Sector median 49.0% · 1,074 companies.
Checked score
68
Healthy
Financially stronger than 40% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.7%▼ -0.1 percentage points vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025lowest value
07-2025: 0.8%▲ +0.1 percentage points vs 06-2025
08-2025: 0.8%● unchanged vs 07-2025
09-2025: 0.7%▼ -0.1 percentage points vs 08-2025
10-2025: 0.9%▲ +0.2 percentage points vs 09-2025
11-2025: 1.7%▲ +0.8 percentage points vs 10-2025highest value
12-2025: 1.6%▼ -0.1 percentage points vs 11-2025
01-2026: 1.6%● unchanged vs 12-2025
02-2026: 1.4%▼ -0.2 percentage points vs 01-2026
03-2026: 1.4%● unchanged vs 02-2026
04-2026: 1.4%● unchanged vs 03-2026
05-2026: 1.4%● unchanged vs 04-2026
06-2026: 1.4%● unchanged vs 05-2026
07-2026: 1.5%▲ +0.1 percentage points vs 06-2026
08-2026: 1.5%● unchanged vs 07-2026
09-2026: 1.5%● unchanged vs 08-2026
10-2026: 0.8%▼ -0.7 percentage points vs 09-2026
11-2026: 0.8%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
Liquidity: current ratio 0.59, cash €18,389
Equity €60,302 (22.4% of total assets)
lowers risk
Figures for financial year 2026 (filed on 02-10-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 24% of them on solvency, 32% on liquidity, 43% on profitability and 62% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,274 companies had the same profile as GROWEBA has now. Each dot stands for 9 companies, two years later.
94.7%
were still trading
2.5%
stopped another way
2.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GROWEBA itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,447 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.
| 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 3,274 companies, not a prediction for GROWEBA. 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.
Credit verdict
Credit of up to €4,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.59 (0.46 in 2025), below 1. Short-term debt is 36.3% and cash 6.8% of total assets. 77.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 1074 sector peers (2026).
NBB · sector comparisonPosition among 1074 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 29-09-2026, 32 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2026
32 days early
2025
27 days early
2024
6 days early
2023
30 days late
2022
6 days early
2021
3 days early
2020
25 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 10 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 25 October (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-03-2027 year end31-10-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0682623246
3 managers resigning, 3 directors reappointed
Resignations: BASTOEN Brent Marc Arthur, BASTOEN Yves Michel Gilbert Maurice and BASTOEN Berend Stephan Paul · Reappointments: BASTOEN Brent Marc Arthur, BASTOEN Yves Michel Gilbert Maurice and BASTOEN Berend Stephan Paul · “De vennootschap mag alle verrichtingen stellen van commerciële,industriële,onroerende,roerende of financiële…” (deed in Dutch) · Gazette deed
Appointment: Berend Bastoen (director)
General meeting of 28-10-2020 · Gazette deed
Incorporation
published on 10-10-2017 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GROWEBA Kortemark | €269,742 | €87,429 | 22.4% | - |
| VEHACO Lille | €264,274 | €81,126 | 81.0% | - |
| RLT Terrassement Rouvroy | €280,152 | €86,715 | 46.4% | - |
| AxSy Invest Sint-Truiden | €241,778 | €93,706 | 47.1% | - |
| SEBASTIEN DELMARCELLE Eghezée | €245,522 | €80,391 | 45.0% | - |
| LM2 Nandrin | €250,724 | €91,674 | 4.1% | - |
| INTER ROSS Woluwe-Saint-Pierre | €232,858 | €81,536 | 40.9% | - |
These companies have the same main activity as GROWEBA: site preparation (NACE 43120). They are comparable in size and age: total assets between €233,000 and €280,000, founded between 2016 and 2018.
Official details
Source: KBO- Status
- Active since 06-10-2017Normal situation
- Activity
- Site preparationNACE 43120and 1 other
- Establishment unit
- 2.269.157.7218610 Kortemark, since 06-10-2017
- Financial year end
- 31 March
- Peppol
- Reachable since 01-12-2025
Annual accounts to 31-03-2026
- ≈ €370,000estimated
- €269,742▼ 4.4%
- Filing
- Filed on 29-09-2026, 32 days before the end of the filing period
Insights on GROWEBA
GROWEBA files the micro format. That format states no turnover. The gross margin rose from €44,888 in 2019 to €87,429 in 2026.
The balance sheet grew most from 2022 to 2024 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GROWEBA
- What is the company number of GROWEBA?
- The company number of GROWEBA is 0682.623.246. The VAT number is the same number with BE in front: BE 0682.623.246.
- Where is GROWEBA based?
- The registered office is at Stationsstraat 22, 8610 Kortemark.Company details
- What does GROWEBA do?
- According to the KBO register, the main activity is site preparation (NACE 43120).
- What is the legal form of GROWEBA?
- GROWEBA is a private limited company (BV).
- When was GROWEBA founded?
- GROWEBA was founded on 06-10-2017.
- Is GROWEBA still active?
- Yes, GROWEBA is an active enterprise in the KBO register.
- What is the turnover of GROWEBA?
- The turnover in financial year 2026 is ≈ €370,000. This figure is estimated from the gross margin of €87,429 and 34 comparable companies (NACE 431). It probably lies between €260,000 and €630,000.Financials
- Is GROWEBA profitable?
- In financial year 2026, GROWEBA made a profit of €7,945.
- Where can I find the annual accounts of GROWEBA?
- GROWEBA filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of GROWEBA due?
- GROWEBA must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
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