Debts
Of this, €98,004 falls due within a year.
Of this, €98,004 falls due within a year.
Green is investment, beige is depreciation.
Lower solvency than 80% of companies in specialised construction. Sector median 49.0% · 1,074 companies.
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).
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).
In July 2024, 3,274 companies had the same profile as GROWEBA has now. Each dot stands for 9 companies, two years later.
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.
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.
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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
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.
| 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.
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.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €370,000. Estimated: probably between €260,000 and €630,000.
Higher than 21% of 35,136 companies in 2025.
Higher than 6% of 34,510 companies in 2025.
Higher than 10% of 34,711 companies in 2025.
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
269,742 | 282,213 | 361,376 | 329,167 | 321,558 | 261,657 | 282,329 | 257,672 | |
21/28 |
211,623 | 233,307 | 299,969 | 273,637 | 264,594 | 210,587 | 250,937 | 220,707 | |
22/27 |
208,023 | 233,307 | 299,969 | 273,637 | 264,594 | 210,587 | 250,937 | 220,707 | |
23 |
48,247 | 63,252 | 61,040 | 30,898 | 18,996 | 10,971 | 9,791 | 2,298 | |
24 |
159,776 | 159,626 | 192,700 | 160,710 | 123,871 | 21,532 | 19,200 | 218,409 | |
25 |
0 | 10,429 | 46,229 | 82,029 | 121,727 | - | - | - | |
28 |
3,600 | - | - | - | - | - | - | - | |
29/58 |
58,119 | 48,907 | 61,407 | 55,530 | 56,963 | 51,070 | 31,392 | 36,966 | |
3 |
8,460 | 5,750 | 1,320 | 693 | 1,390 | 1,741 | - | - | |
30/36 |
8,460 | 5,750 | 1,320 | 693 | 1,390 | 1,741 | - | - | |
40/41 |
29,110 | 32,782 | 39,372 | 37,979 | 39,364 | 26,662 | 29,492 | 34,214 | |
40 |
22,107 | 25,039 | 35,312 | 34,641 | 35,453 | 22,490 | 25,418 | 32,243 | |
41 |
7,003 | 7,744 | 4,060 | 3,338 | 3,911 | 4,172 | 4,073 | 1,971 | |
54/58 |
18,389 | 7,016 | 19,950 | 16,858 | 16,209 | 20,314 | 1,900 | 1,000 | |
490/1 |
2,160 | 3,358 | 765 | - | - | 2,353 | - | 1,752 | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
269,742 | 282,213 | 361,376 | 329,167 | 321,558 | 261,657 | 282,329 | 257,672 | |
10/15 |
60,302 | 52,357 | 90,291 | 55,356 | 39,543 | 13,785 | 11,062 | 17,363 | |
10/11 |
20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | - | 20,000 | |
100 |
- | - | - | - | - | - | - | 20,000 | |
11 |
- | - | - | - | - | - | 20,000 | - | |
1100/10 |
- | - | - | - | - | - | 20,000 | - | |
13 |
40,302 | 32,357 | 70,291 | 35,356 | 19,543 | - | - | - | |
133 |
40,302 | 32,357 | 70,291 | 35,356 | 19,543 | - | - | - | |
14 |
- | - | - | - | - | -6,215 | -8,938 | -2,637 | |
17/49 |
209,440 | 229,856 | 271,085 | 273,811 | 282,015 | 247,872 | 271,267 | 240,310 | |
17 |
111,435 | 123,678 | 133,583 | 182,710 | 191,025 | 158,953 | 190,215 | 197,523 | |
170/4 |
111,435 | 123,678 | 133,583 | 182,710 | 191,025 | 158,953 | 190,215 | 159,943 | |
178/9 |
- | - | - | - | - | - | - | 37,580 | |
42/48 |
98,004 | 106,116 | 137,502 | 91,101 | 90,990 | 88,919 | 81,052 | 42,787 | |
42 |
38,343 | 43,661 | 49,212 | 50,287 | 49,527 | 44,820 | 38,984 | 34,405 | |
43 |
0 | 3,476 | - | - | - | - | - | 4,195 | |
430/8 |
0 | 3,476 | - | - | - | - | - | 4,195 | |
44 |
5,110 | 13,385 | 56,515 | 3,106 | 2,160 | 6,432 | 2,268 | 4,187 | |
440/4 |
5,110 | 13,385 | 56,515 | 3,106 | 2,160 | 6,432 | 2,268 | 4,187 | |
46 |
- | - | 23,000 | - | - | - | - | - | |
45 |
452 | 375 | 3,300 | - | - | - | - | - | |
450/3 |
452 | 375 | 3,300 | - | - | - | - | - | |
47/48 |
54,099 | 45,219 | 5,475 | 37,708 | 39,303 | 37,667 | 39,800 | - | |
492/3 |
0 | 62 | - | - | - | - | - | - | |
| Income statement | |||||||||
76A |
6,301 | 9,500 | - | 9,250 | 18,543 | - | - | - | |
9900 |
87,429 | 65,099 | 119,781 | 92,544 | 87,851 | 67,119 | 59,133 | 44,888 | |
630 |
70,565 | 88,086 | 73,781 | 69,072 | 53,546 | 54,575 | 53,099 | 40,409 | |
640/8 |
3,105 | 9,665 | 5,805 | 2,849 | 3,580 | 4,369 | 8,069 | 2,571 | |
9901 |
13,759 | -32,652 | 40,195 | 20,623 | 30,725 | 8,174 | -2,034 | 1,908 | |
75/76B |
24 | 20 | 216 | 102 | 1 | 5 | 42 | 0 | |
75 |
24 | 20 | 216 | 102 | 1 | 5 | 42 | 0 | |
65/66B |
5,836 | 5,302 | 5,083 | 4,912 | 4,968 | 5,457 | 4,308 | 4,545 | |
65 |
5,836 | 5,302 | 5,083 | 4,912 | 4,968 | 5,457 | 4,308 | 4,545 | |
9903 |
7,947 | -37,934 | 35,328 | 15,813 | 25,758 | 2,722 | -6,300 | -2,637 | |
67/77 |
1 | -0 | 393 | - | - | - | - | - | |
9904 |
7,945 | -37,934 | 34,935 | 15,813 | 25,758 | 2,722 | -6,300 | -2,637 | |
9905 |
7,945 | -37,934 | 34,935 | 15,813 | 25,758 | 2,722 | -6,300 | -2,637 | |
| Appropriation of the result | |||||||||
9906 |
7,945 | -37,934 | 34,935 | 15,813 | 19,543 | -6,215 | -8,938 | -2,637 | |
14P |
- | - | - | - | -6,215 | - | - | - | |
791/2 |
0 | 37,934 | - | - | - | - | - | - | |
691/2 |
7,945 | - | 34,935 | 15,813 | 19,543 | - | - | - | |
6921 |
7,945 | - | 34,935 | 15,813 | 19,543 | - | - | - | |
| Document | |||||||||
The notes to these accounts have 11 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 29-09-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 29-09-2026 | 2026-00541786 | |
| 31-03-2025 | micro format | 04-10-2025 | 2025-00539414 | |
| 31-03-2024 | micro format | 25-10-2024 | 2024-00518302 | |
| 31-03-2023 | micro format | 30-11-2023 | 2023-00520394 | |
| 31-03-2022 | micro format | 25-10-2022 | 2022-20477201 | |
| 31-03-2021 | micro format | 28-10-2021 | 2021-74500139 | |
| 31-03-2020 | micro format | 06-10-2020 | 2020-59200096 | |
| 31-03-2019 | micro format | 31-10-2019 | 2019-72600392 |
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €123 | €164 |
| 2024 | 1 | €116 | €0 |
| 2023 | 1 | €458 | €458 |
| 2022 | 1 | €44 | €44 |
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|---|
| 84,324 | 55,434 | 113,976 | 89,695 | 84,271 | 62,750 | 51,064 | 42,317 | ||
| 78,510 | 50,152 | 108,716 | 84,885 | 79,304 | 57,298 | 46,798 | 37,772 | ||
| 226,957 | 21,424 | 100,113 | 78,114 | 137,011 | 14,225 | 83,329 | 261,115 | ||
| 11,372 | -12,934 | 3,092 | 649 | -4,105 | 18,414 | 900 | - | ||
| -39,886 | -57,209 | -76,095 | -35,571 | -34,027 | -37,849 | -49,660 | -5,821 | ||
| 22.4% | 18.6% | 25.0% | 16.8% | 12.3% | 5.3% | 3.9% | 6.7% | ||
| 0.59 | 0.46 | 0.45 | 0.61 | 0.63 | 0.57 | 0.39 | 0.86 | ||
| 0.51 | 0.41 | 0.44 | 0.60 | 0.61 | 0.55 | 0.39 | 0.86 | ||
| 3.47 | 4.39 | 3.00 | 4.95 | 7.13 | 17.98 | 24.52 | 13.84 | ||
| 13.2% | -72.5% | 38.7% | 28.6% | 65.1% | 19.7% | -57.0% | -15.2% | ||
| 2.9% | -13.4% | 9.7% | 4.8% | 8.0% | 1.0% | -2.2% | -1.0% | ||
| 14.45 | 10.46 | 22.42 | 18.26 | 16.96 | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Tangible fixed assets | €223,357 | €21,424 | €100,113 | €78,114 | €137,011 |
| Financial fixed assets | €3,600 | - | - | - | - |
| €70,565 | €88,086 | €73,781 | €69,072 | €53,546 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
The operating result for 2026 is a profit of €13,759, after a loss of €32,652 in 2025.
Debt's share of the balance-sheet total falls from 81.4% to 77.6%. Equity is higher and debt is lower.
GROWEBA has no parent and no holdings in its annual accounts. GROWEBA shares no director with another company.
| AB Management
registered office since 21-01-2023 |
founded in 2023 0797.462.437 |
| Beba Management
registered office since 01-11-2022 |
founded in 2022 0793.175.235 |
| Y&A Management
registered office since 15-10-2022 |
founded in 2022 0792.506.232 |
| Bastoen, Yves (sole trader)
establishment since 22-03-2002 |
founded in 1996 0761.245.508 |
Deadline for the 2027 accounts: 31-10-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Stationsstraat 22 registered office 8610 Kortemark | 06-10-2017 | 2.269.157.721 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 32011C0467/00E000 | 1,535 m² | 1 · 229 m² | 13.1 m · 1 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0682.623.246
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