GVGRO

Active

Private limited companyfounded 20224 yrs activeOmmegangsdreef 33, 8760 Tielt, BelgiumKBO/BCE: BE 0782.501.374

The computed 12-month bankruptcy probability of GVGRO is 2.2% (moderate). The 2025 annual accounts show equity of €77k and a net result of €1k. Equity is growing by ~26.4% per year across the filed fiscal years. Its solvency ranks better than 32% of 27711 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

61 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability69▼-16

Solvency56▲+3

Growth52▼-26

Track record94

Bankruptcy probability, 12 months

2.2% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €4.5k at 30 days acceptable

Liquidity short (current ratio 0.88 against 0.62 in 2024; short-term debt: 49.2% and cash: 34.9% of total assets), and 69.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

30.9%

Return on assets

0.6%

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-02-2026, 164 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

164 d early

2024

161 d early

2023

149 d early

2022

130 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

22-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€77k▲ 0.7%

2024 · €76k

2022: €14k 2023: €61k 2024: €76k

2022 → 2025

Total assets

€249k▼ 8.7%

2024 · €273k

2022: €202k 2023: €257k 2024: €273k

2022 → 2025

Net result

€1k▼ 96.2%

2024 · €36k

2022: €12k 2023: €48k 2024: €36k

2022 → 2025

Working capital

€-15k▲ 69.1%

2024 · €-48k

2022: €-33k 2023: €31k 2024: €-48k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€14k-€61k▲ 347%€76k▲ 24.9%€77k▲ 0.7%

Operating result€13k-€56k▲ 321%€51k▼ 9.0%€10k▼ 81.3%

Net result€12k-€48k▲ 303%€36k▼ 25.4%€1k▼ 96.2%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2025 is 81% below 2024 and is the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €249k

56.6%

43.4%

Fixed assets €141k▼ 27.8%

Current assets €108k▲ 39.4%

Equity and liabilities €249k

30.9%

69.1%

Equity €77k▲ 0.7%

Debt €172k▼ 12.4%

The debt ratio falls from 72.0% to 69.1%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€75k▼

2024 · €104k

Cash flow

€67k▼

2024 · €89k

Solvency

30.9%▲

2024 · 28.0%

Current ratio

0.88▲

2024 · 0.62

Quick ratio

0.88▲

2024 · 0.62

Debt / equity

2.24▼

2024 · 2.58

ROE

1.8%▼

2024 · 47.2%

ROA

0.6%▼

2024 · 13.2%

Interest coverage

10.26▼

2024 · 14.51

Debt

€172k▼

2024 · €197k

Debt ≤ 1 year

€123k▼

2024 · €125k

Debt > 1 year

€44k▼

2024 · €67k

Income taxes

€1k▼

2024 · €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 · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€273k€249k▼

Fixed assets21/28€196k€141k▼

Tangible fixed assets22/27€196k€141k▼

Plant, machinery and equipment23€39k€34k▼

Furniture and vehicles24€59k€51k▼

Leasing and similar rights25€98k€56k▼

Current assets29/58€78k€108k▲

Amounts receivable within one year40/41€46k€20k▼

Trade receivables40€32k€10k▼

Other amounts receivable41€14k€10k▼

Cash at bank and in hand54/58€30k€87k▲

Deferred charges and accrued income490/1€1k€1k▼

Equity and liabilities

Total equity and liabilities10/49€273k€249k▼

Equity10/15€76k€77k▲

Contributions10/11€3k€3k=

Profit (loss) carried forward14€74k€74k▲

Amounts payable17/49€197k€172k▼

Amounts payable after more than one year17€67k€44k▼

Financial debts170/4€56k€17k▼

Other amounts payable178/9€11k€27k▲

Amounts payable within one year42/48€125k€123k▼

Current portion of amounts payable after more than one year42€39k€40k▲

Trade debts44€1k€3k▲

Suppliers440/4€1k€3k▲

Taxes, remuneration and social security45€3k€3k▲

Taxes450/3€3k€3k▲

Other amounts payable47/48€82k€76k▼

Accrued charges and deferred income492/3€5k€6k▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€53k€66k▲

Other operating charges640/8€2k€2k▲

Gross operating margin9900€105k€77k▼

Operating profit (loss)9901€51k€10k▼

Financial income75/76B€273€247▼

Recurring financial income75€273€247▼

Financial charges65/66B€7k€7k▲

Recurring financial charges65€7k€7k▲

Profit (loss) for the period before taxes9903€44k€2k▼

Income taxes67/77€8k€1k▼

Profit (loss) for the period9904€36k€1k▼

Profit (loss) for the period to be appropriated9905€36k€1k▼

Appropriation of the result

Profit (loss) to be appropriated9906€95k€75k▼

Profit (loss) brought forward from the previous period14P€59k€74k▲

Profit to be distributed694/7€21k€833▼

Return on contributions (dividend)694€21k€833▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 3Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

17-02

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Weakest financial yearnet €1k ▼96.2%

Net result drops to €1k, the lowest in the series.

20-02

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

04-03

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Highest result since 2022net €48k ▲303%

Operating result €56k, net result €48k, both a record.

31-12

Financial Liquidity triplescurrent ratio 1.59

Current ratio from 0.60 to 1.59; short-term debt falls from €83k to €53k.

23-03

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Tielt · 1 establishment unit since 2022

establishment The establishment unit on the map

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.

Ommegangsdreef 338760 Tielt

Ground area

377 m²

Building footprint

122 m²

Parcel 37007E1274/00B000, Flanders. Linked by address, not a title deed.

1 establishment unit

GVGRO

Ommegangsdreef 33, 8760 TieltConstruction of roads and motorways

since 20222.328.084.132

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
37007E1274/00B000	Flanders	376 m²	1 · 122 m²	-

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.

Public money · subsidies and aid

Flemish government

2025 · 1 entry · 606 EUR awarded · 606 EUR paid

Year	Entries	awarded	paid
2025	1	606 EUR	606 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 606 EUR · 606 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 8,456 companies in sector 43120 we hold annual accounts for 3,233. 2,608 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded23-02-2022

Fiscal year end31-12

Activities, NACEBEL

43120Site preparation

42110Construction of roads and motorways

42990Civil engineering

43110Demolition

43990Other specialised construction activities

43999Specialised construction activities

49410Freight transport by road

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.