GROWO
ActiveGROWO has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €190k and a net result of €38k. Equity is growing by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 44% of 36376 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
94
/ 100
Excellent▼ -6 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+46
Solvency74▼-24
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 1.52 against 2.3 in 2023), but 58.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-07-2025, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
14 d early
2023
on the day
2022
on the day
2021
4 d early
2020
24 d late
2019
4 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€190k▲ 25.1%
2023 · €152k
2018: €102k
2019: €106k
2020: €124k
2021: €128k
2022: €135k
2023: €152k
2018 → 2024
Total assets
€462k▲ 77.2%
2023 · €261k
2018: €239k
2019: €238k
2020: €351k
2021: €266k
2022: €379k
2023: €261k
2018 → 2024
Net result
€38k▲ 132%
2023 · €16k
2018: €26k
2019: €3k
2020: €19k
2021: €3k
2022: €8k
2023: €16k
2018 → 2024
Working capital
€116k▲ 11.8%
2023 · €104k
2018: €50k
2019: €56k
2020: €68k
2021: €65k
2022: €97k
2023: €104k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€124k-€128k▲ 2.6%€135k▲ 6.0%€152k▲ 12.1%€190k▲ 25.1%
Operating result€30k-€8k▼ 74.4%€13k▲ 75.7%€27k▲ 101%€67k▲ 149%
Net result€19k-€3k▼ 83.1%€8k▲ 139%€16k▲ 113%€38k▲ 132%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 149% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €462k
Fixed assets
€120k▲ 57.1%
Current assets
€342k▲ 85.6%
Equity and liabilities €462k
Equity
€190k▲ 25.1%
Debt
€272k▲ 150%
The debt ratio rises from 41.8% to 58.9%: debt grows faster than equity.
Key figures and ratios
EBITDA
€123k▲
2023 · €48k
Cash flow
€93k▲
2023 · €37k
Solvency
41.1%▼
2023 · 58.2%
Current ratio
1.52▼
2023 · 2.30
Quick ratio
1.52▼
2023 · 2.30
Debt / equity
1.43▲
2023 · 0.72
ROE
20.0%▲
2023 · 10.8%
ROA
8.2%▲
2023 · 6.3%
Interest coverage
12.99▼
2023 · 22.66
Debt
€272k▲
2023 · €109k
Debt ≤ 1 year
€225k▲
2023 · €80k
Debt > 1 year
€47k▲
2023 · €29k
Income taxes
€20k▲
2023 · €8k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€261k€462k▲
Fixed assets21/28€76k€120k▲
Tangible fixed assets22/27€76k€120k▲
Plant, machinery and equipment23€11k€15k▲
Furniture and vehicles24€4k€13k▲
Leasing and similar rights25€61k€92k▲
Current assets29/58€184k€342k▲
Amounts receivable within one year40/41€173k€342k▲
Trade receivables40€30k€100k▲
Other amounts receivable41€142k€242k▲
Cash at bank and in hand54/58€11k-
Deferred charges and accrued income490/1€1k€172▼
Equity and liabilities
Total equity and liabilities10/49€261k€462k▲
Equity10/15€152k€190k▲
Contributions10/11€16k€16k=
Reserves13€69k€107k▲
Tax-exempt reserves132€6k€6k=
Distributable reserves133€63k€101k▲
Profit (loss) carried forward14€66k€66k=
Amounts payable17/49€109k€272k▲
Amounts payable after more than one year17€29k€47k▲
Financial debts170/4€29k€47k▲
Amounts payable within one year42/48€80k€225k▲
Current portion of amounts payable after more than one year42€27k€41k▲
Financial debts43-€10k
Credit institutions430/8-€10k
Trade debts44€41k€143k▲
Suppliers440/4€41k€143k▲
Taxes, remuneration and social security45€12k€32k▲
Taxes450/3€12k€32k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€55k▲
Other operating charges640/8€1k€209▼
Gross operating margin9900€49k€123k▲
Operating profit (loss)9901€27k€67k▲
Financial income75/76B-€112
Recurring financial income75-€112
Financial charges65/66B€2k€9k▲
Recurring financial charges65€2k€9k▲
Profit (loss) for the period before taxes9903€25k€58k▲
Income taxes67/77€8k€20k▲
Profit (loss) for the period9904€16k€38k▲
Profit (loss) for the period to be appropriated9905€16k€38k▲
Appropriation of the result
Profit (loss) to be appropriated9906€83k€104k▲
Profit (loss) brought forward from the previous period14P€66k€66k=
Transfer to equity691/2€16k€38k▲
To other reserves6921€16k€38k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €38k ▲132%
Operating result €67k, net result €38k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €152k ▲12.1%
6 profitable years in a row build equity to €152k.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €3k ▼83.1%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zandhoven · 1 establishment unit since 2005
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.
Germelaerstraat 402243 ZandhovenGround area
1,145 m²
Building footprint
258 m²
Volume, LiDAR
1,251 m³
Parcel 11034B0282/00R000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
-
since 20052.145.398.191
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11034B0282/00R000 | Flanders | 1,144 m² | 1 · 258 m² | 8.1 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
GRAAFWERKEN HOFMANS
BE 0417.336.659
Malle · Eq €190k
A.B.E. Construct
BE 0737.568.796
Zele · Eq €190k
LENAERTS PROJECTS
BE 0848.015.669
Bornem · Eq €190k
DHB Façades et Plafonnage
BE 0599.943.020
Charleroi · Eq €189k
AANNEMING KEVIN CODDENS
BE 0799.592.180
Aalter · Eq €190k
Of 8,397 companies in sector 43120 we hold annual accounts for 3,204. 2,583 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-01-2005
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
45112
42220Construction of utility projects for electricity and telecommunications
42911Civil engineering
45215
Sources
Crossroads Bank for EnterprisesNational Bank · 20 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.