GRUTMAN HOME DECOR

Active

Public limited companyfounded 1975active for 50 yearsOnze-Lieve-Vrouwstraat 5, 3500 Hasselt, BelgiumKBO/BCE: BE 0415.544.337

Summary

GRUTMAN HOME DECOR has been active since 1975 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €1.1m and a net result of €3,082, of which €51,824 non-recurring income. Equity is growing by about 10% per year across the filed financial years. Its solvency ranks better than 48% of 46 sector peers (NACE 43, financial year 2026). The computed 12-month bankruptcy probability is 1.0% (low).

Risk analysisFollow Report Compare

GRUTMAN HOME DECORActiveChecked score 65/100

Risk analysis Report Compare

Activity

Wallpapering and laying of floor and wall coverings in other materials

NACE 43333Retail trade NACE 47530

7th oldest company in Hasselt, Construction sector2 sites

Size

€2.2mtotal assets 2026

Staff: 10.6 FTE
Equity: €1.1m
Profit: €3,082

Net result -98%: other schema

Financial health

65 Healthy Checked score 2026

Bankruptcy probabilitywithin 12 months: 1.0%

Structure

Parent: GRUBOR · 88.24%

BORMANS Jean-ClaudeDirector

2026 accounts filed 30 days late1 of 9 deeds summarised

Why 65raises riskLiquidity: current ratio 2.12, cash €48,007, halvedLast filed accounts filed 30 days late; 2 of the last 3 lateSector: Specialised construction activities (NACE 43)Profit of €3,082 (financial year 2026)Show the evidence

Checked score

Score 2026

65 / 100

Healthy

Probability in this band: 0.55% to 1.5%

Financially better than 33% of its sector peers (NACE 43, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2025

Average

Solvency 73+8

equity 47.7% of total assets

Liquidity 32-3

short-term debt 43.5% · cash 2.1%

Profitability 33-45

return on assets 0.1%

Bankruptcy probability, 12 months

1.0% Low

0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (2,646 companies, NACE 43, small)

Last 24 months 11-2024: 1.2% 12-2024: 1.2%● unchanged vs 11-2024 01-2025: 1.2%● unchanged vs 12-2024 02-2025: 1.1%▼ -0.1 percentage points vs 01-2025 03-2025: 1.3%▲ +0.2 percentage points vs 02-2025 04-2025: 1.3%● unchanged vs 03-2025 05-2025: 1.3%● unchanged vs 04-2025 06-2025: 1.3%● unchanged vs 05-2025 07-2025: 1.3%● unchanged vs 06-2025 08-2025: 1.5%▲ +0.2 percentage points vs 07-2025 09-2025: 2.2%▲ +0.7 percentage points vs 08-2025 10-2025: 2.5%▲ +0.3 percentage points vs 09-2025 11-2025: 3.1%▲ +0.6 percentage points vs 10-2025highest value 12-2025: 0.4%▼ -2.7 percentage points vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026lowest value 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.4%● unchanged vs 07-2026 09-2026: 0.8%▲ +0.4 percentage points vs 08-2026 10-2026: 1.0%▲ +0.2 percentage points vs 09-2026

Credit of up to €65,000 on 30-day terms is acceptable

Liquidity ample (current ratio 2.12, compared with 1.8 in 2025, above the usual 1.5; short-term debt: 43.5% and cash: 2.1% of total assets), but 52.3% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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, small): better than 64% on solvency, 26% on liquidity, 12% on profitability and 31% on growth.

The bankruptcy probability was computed on 24-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

raises risk

Liquidity: current ratio 2.12, cash €48,007, halved

NBB · annual accounts

Last filed accounts filed 30 days late; 2 of the last 3 late

NBB · filings

Sector: Specialised construction activities (NACE 43)

KBO

Profit of €3,082 (financial year 2026)

NBB · annual accounts

2026 accounts filed 30 days late

The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 30-09-2026, 30 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 10 filings

Deviation from the deadline

2026

30 days late

2025

61 days late

2024

61 days late

2023

88 days late

2022

58 days late

2021

58 days late

2020

37 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 56 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today. The company usually files around 31 October (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

25-10-2026 today31-01-2027 year end31-08-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

30-09-2026 Annual accounts filedfinancial year 2026 · full…
31-10-2025 Annual accounts filedfinancial year 2025 · abbreviated…
31-01-2025 Highest result from 2019 to 2026net €189,748 ▲672%

Key points

Caution: Result fell in 2026different schema filed ▼ 98.4% View
Positive: 7th oldest company in Hasselt, Construction sectorin the Checked rankings No. 7 View
Controlled by GRUBOR 88.24% View
Positive: 6 profitable years in a rowprofit 2026: €3,082, mostly one-off 6 years View
Active since 1975founded 14-11-1975 50 years View

By topic

Financials

Financial year: 2026
Total assets: €2.2m
Profit: €3,082
Solvency: 47.7%

Total assets▼ 15.7%

Net result

20192026

Go to Financials

Board & ownership

Board: 1 member
Parent: GRUBOR · 88.24%

BORMANS Jean-ClaudeDirector

Go to Board & ownership

Timeline

Events: 54
Since: 1978
Next accounts: by 31-08-2027

31-01-2025Equity above €1m
31-10-2024Annual accounts filed
20-02-2024Resignations: BORMANS Paul-Louis (director) and GRUBOR (director)

Go to Timeline

Company details

Sites: 2

Legal form: Public limited company
Activity: Wallpapering and laying of floor and wall coverings…NACE 43333
Founded: 14-11-1975
Year ends: 31-01
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 16

Annual meeting: First Thursday of July at 14:00
Purpose: “De verwerving voor eigen rekening van participaties, onder welke vorm het ook zij, in de…” (deed in Dutch)

Go to Articles of association

Key facts about GRUTMAN HOME DECOR

What is the company number of GRUTMAN HOME DECOR?: 0415.544.337. In Belgium the VAT number is the company number with BE in front: BE 0415.544.337.
Where is GRUTMAN HOME DECOR based?: The registered office is at Onze-Lieve-Vrouwstraat 5, 3500 Hasselt.Company details
What does GRUTMAN HOME DECOR do?: According to the KBO register, the main activity is wallpapering and laying of floor and wall coverings in other materials (NACE 43333).
What is the legal form of GRUTMAN HOME DECOR?: Public limited company (NV).
When was GRUTMAN HOME DECOR founded?: On 14-11-1975.
Is GRUTMAN HOME DECOR still active?: Yes, GRUTMAN HOME DECOR is an active enterprise in the KBO register.
How many employees does GRUTMAN HOME DECOR have?: On average 10.6 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
What is the turnover of GRUTMAN HOME DECOR?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is GRUTMAN HOME DECOR profitable?: In financial year 2026, GRUTMAN HOME DECOR made a profit of €3,082.
Where can I find the annual accounts of GRUTMAN HOME DECOR?: GRUTMAN HOME DECOR filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
When are the next annual accounts of GRUTMAN HOME DECOR due?: By 31-08-2027, for financial year 2027.Timeline