GRUBE
ActiveSummary
GRUBE has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of -€15,798. Equity is growing by ~5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▼-2
Solvency100▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95,000 at 30 days acceptable
Liquidity ample (current ratio 2.02 against 9.4 in 2024; short-term debt: 1.9% and cash: 2.8% of total assets), and 23.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-02-2026, 3 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
3 d late
2024
27 d late
2023
on the day
2022
on the day
2021
on the day
2020
15 d late
2019
16 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 4 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 31 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€1.3m▼ 1.2%
2024 · €1.3m
Total assets
€1.7m▼ 5.1%
2024 · €1.8m
Net result
-€15,798
2024 · €16,287
Working capital
€33,381▼ 83.7%
2024 · €204,286
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€148,446=€216,849▲ 46.1%€36,362▼ 83.2%€29,240▼ 19.6%-€15,848
Net result€103,691=€154,969▲ 49.5%€20,023▼ 87.1%€16,287▼ 18.7%-€15,798
Equity€1.1m▲ 3.6%€1.3m▲ 13.9%€1.3m▲ 1.6%€1.3m▲ 1.3%€1.3m▼ 1.2%
Total assets€1.7m=€1.8m▲ 5.3%€1.8m▼ 2.6%€1.8m▼ 0.5%€1.7m▼ 5.1%
Debt€506,131=€364,866▼ 27.9%€298,159▼ 18.3%€280,076▼ 6.1%€213,469▼ 23.8%
Working capital-€182,645=€585,721€391,731▼ 33.1%€204,286▼ 47.9%€33,381▼ 83.7%
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 €15,848 after €29,240 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€1.6m ▲ 4.7%
Current assets
€66,019 ▼ 71.1%
Equity and liabilities €1.7m
Equity
€1.3m ▼ 1.2%
Provisions
€181,725 ▼ 4.2%
Debt
€213,469 ▼ 23.8%
Debt's share of the balance-sheet total falls from 15.8% to 12.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€32,773▼
2024 · €70,460
Cash flow
€32,823▼
2024 · €57,507
Current ratio
2.02▼
2024 · 9.40
Debt to equity
0.17▼
2024 · 0.21
ROE
-1.2%▼
2024 · 1.2%
ROA
-0.9%▼
2024 · 0.9%
Interest coverage
6.08▼
2024 · 9.40
Debt ≤ 1 year
€32,638▲
2024 · €24,307
Debt > 1 year
€175,536▼
2024 · €239,565
Income taxes
€3,334▼
2024 · €12,612
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 8,616 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €244,823 | €23,239 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €70,309 | €51,412 | €38,845 | €41,220 | €48,621 | ▲ 18.0% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€10,000 | - | - | - | - |
| Other operating charges640/8 | - | €13,193 | €9,194 | €9,984 | €10,377 | ▲ 3.9% |
| Non-recurring operating charges66A | - | €49,304 | - | - | - | - |
| Gross operating margin9900 | €219,542 | €320,758 | €84,401 | €80,444 | €43,151 | ▼ 46.4% |
| Operating profit (loss)9901 | €148,446 | €216,849 | €36,362 | €29,240 | -€15,848 | ▼ 154% |
| Financial income75/76B | - | €0 | - | €422 | €770 | ▲ 82.3% |
| Recurring financial income75 | €0 | €0 | - | €422 | €770 | ▲ 82.3% |
| Financial charges65/66B | - | €9,938 | €9,480 | €7,494 | €5,388 | ▼ 28.1% |
| Recurring financial charges65 | €11,458 | €9,938 | €9,480 | €7,494 | €5,388 | ▼ 28.1% |
| Profit (loss) for the period before taxes9903 | €138,178 | €206,912 | €26,882 | €22,169 | -€20,466 | ▼ 192% |
| Transfer from deferred taxes780 | - | €15,986 | €6,469 | €6,730 | €8,002 | ▲ 18.9% |
| Transfer to deferred taxes680 | - | €61,206 | €5,810 | - | - | - |
| Income taxes67/77 | €8,832 | €6,722 | €7,518 | €12,612 | €3,334 | ▼ 73.6% |
| Profit (loss) for the period9904 | €103,691 | €154,969 | €20,023 | €16,287 | -€15,798 | ▼ 197% |
| Transfer from tax-exempt reserves789 | - | €47,958 | €19,407 | €20,189 | €24,006 | ▲ 18.9% |
| Transfer to tax-exempt reserves689 | - | €183,617 | €17,429 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €25,948 | €19,310 | €22,001 | €36,476 | €8,208 | ▼ 77.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.8m | €1.8m | €1.8m | €1.7m | ▼ 5.1% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €1.6m | €1.2m | €1.4m | €1.5m | €1.6m | ▲ 4.7% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €1.6m | €1.2m | €1.4m | €1.5m | €1.6m | ▲ 4.7% |
| Land and buildings22 | - | €1.2m | €1.4m | €1.5m | €1.6m | ▲ 4.7% |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €311,635 | €612,084 | €418,830 | €228,593 | €66,019 | ▼ 71.1% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €196,120 | €401,027 | €229,561 | €93,294 | €4,030 | ▼ 95.7% |
| Trade receivables40 | - | €366,027 | €229,079 | €67,294 | €343 | ▼ 99.5% |
| Other amounts receivable41 | - | €35,000 | €482 | €26,000 | €3,687 | ▼ 85.8% |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €112,935 | €206,384 | €186,268 | €131,677 | €47,316 | ▼ 64.1% |
| Deferred charges and accrued income490/1 | - | €4,672 | €3,000 | €3,622 | €14,673 | ▲ 305% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.8m | €1.8m | €1.8m | €1.7m | ▼ 5.1% |
| Equity10/15 | €1.1m | €1.3m | €1.3m | €1.3m | €1.3m | ▼ 1.2% |
| Contributions10/11 | €154,261 | €154,261 | €154,261 | €154,261 | €154,261 | = |
| Capital10 | - | €154,261 | €154,261 | €154,261 | €154,261 | = |
| Issued capital100 | - | €154,261 | €154,261 | €154,261 | €154,261 | = |
| Reserves13 | €471,114 | €606,774 | €604,796 | €584,608 | €560,602 | ▼ 4.1% |
| Non-distributable reserves130/1 | - | €15,426 | €15,426 | €15,426 | €15,426 | = |
| Legal reserve130 | - | €15,426 | €15,426 | €15,426 | €15,426 | = |
| Tax-exempt reserves132 | - | €591,348 | €589,370 | €569,181 | €545,176 | ▼ 4.2% |
| Profit (loss) carried forward14 | €491,171 | €510,481 | €532,481 | €568,957 | €577,165 | ▲ 1.4% |
| Provisions and deferred taxes16 | €161,896 | €197,116 | €196,457 | €189,727 | €181,725 | ▼ 4.2% |
| Deferred taxes168 | - | €197,116 | €196,457 | €189,727 | €181,725 | ▼ 4.2% |
| Amounts payable17/49 | €506,131 | €364,866 | €298,159 | €280,076 | €213,469 | ▼ 23.8% |
| Amounts payable after more than one year17 | €345,112 | €326,849 | €260,334 | €239,565 | €175,536 | ▼ 26.7% |
| Financial debts170/4 | - | €141,849 | €123,334 | €104,565 | €85,536 | ▼ 18.2% |
| Other amounts payable178/9 | - | €185,000 | €137,000 | €135,000 | €90,000 | ▼ 33.3% |
| Amounts payable within one year42/48 | €494,280 | €26,363 | €27,099 | €24,307 | €32,638 | ▲ 34.3% |
| Current portion of amounts payable after more than one year42 | - | €18,263 | €18,515 | €18,770 | €19,029 | ▲ 1.4% |
| Trade debts44 | €198,759 | €1,803 | €754 | €657 | €10,832 | ▲ 1,550% |
| Suppliers440/4 | - | €1,803 | €754 | €657 | €10,832 | ▲ 1,550% |
| Taxes, remuneration and social security45 | - | €1,722 | - | €4,485 | €791 | ▼ 82.4% |
| Taxes450/3 | - | €1,722 | - | €4,485 | €791 | ▼ 82.4% |
| Other amounts payable47/48 | - | €4,575 | €7,830 | €396 | €1,987 | ▲ 402% |
| Accrued charges and deferred income492/3 | - | €11,653 | €10,726 | €16,205 | €5,295 | ▼ 67.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €103,691 | €154,969 | €20,023 | €16,287 | -€15,798 | ▼ 197% |
| + Depreciation and write-downs630 | €70,309 | €51,412 | €38,845 | €41,220 | €48,621 | ▲ 18.0% |
| Operating cash flow (approximation) | €174,000 | €206,381 | €58,869 | €57,507 | €32,823 | ▼ 42.9% |
| Investment in fixed assets (approximation) | - | €284,590 | -€184,757 | -€222,930 | -€120,788 | ▲ 45.8% |
| Change in cash | - | €93,449 | -€20,116 | -€54,591 | -€84,361 | ▼ 54.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
30-06
Financial
Weakest financial yearnet -€15,798
Net result drops to -€15,798, the lowest in the series.
27-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2019net €154,969 ▲49.5%
Operating result €216,849, net result €154,969, both a record.
30-06
Financial
Liquidity times 37current ratio 23.22
Current ratio from 0.63 to 23.22; short-term debt falls from €494,280 to €26,363.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 15 days late
2020
30-06
Financial
Back to profitnet €103,691
Net result €103,691 after one loss-making year.
30-06
Financial
Equity above €1mEq €1.1m ▲22.3%
Equity rises from €881,446 to €1.1m.
15-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
08-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
08-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
22-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Oudsbergen · 1 establishment unit since 1993
Ground area
2,133 m²
Building footprint
232 m²
Volume, LiDAR
1,302 m³
Parcel 72011A0765/00T003, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
GRUBE NV
since 19932.063.328.669
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72011A0765/00T003 | Flanders | 2,133 m² | 1 · 232 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 3,750 EUR awarded · 3,750 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,750 EUR | 3,750 EUR |
Identification & contact
Identification
Legal formPublic limited company
Founded18-08-1993
Fiscal year end30-06
Contact
Phone
089/854064Oudsbergen
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.