HET GROENEVELD
ActiveHET GROENEVELD has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €380k and a net result of €-73k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 38% of 9113 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
47
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability14▼-86
Solvency44▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity tight (current ratio 1.13 against 1.26 in 2024; short-term debt: 79% and cash: 0.7% of total assets), and 81.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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 · Filed after the deadline
The financial year that closed on 31-10-2025 was due by 31-05-2026 and was filed on 02-06-2026, 2 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
2 d late
2024
3 d late
2023
on the day
2022
26 d late
2021
1 d early
2020
on the day
2019
3 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-10-2026 and is due by 31-05-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-10-2026 close31-05-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€380k▼ 16.2%
2024 · €453k
2018: €101k
2019: €249k
2020: €162k
2021: €170k
2022: €8k
2023: €124k
2024: €453k
2018 → 2025
Total assets
€2.01M▼ 29.6%
2024 · €2.86M
2018: €5.13M
2019: €3.37M
2020: €2.36M
2021: €5.77M
2022: €8.70M
2023: €9.28M
2024: €2.86M
2018 → 2025
Net result
€-73k
2024 · €929k
2018: €-94k
2019: €148k
2020: €-88k
2021: €9k
2022: €-162k
2023: €116k
2024: €929k
2018 → 2025
Working capital
€203k▼ 64.7%
2024 · €577k
2018: €47k
2019: €257k
2020: €98k
2021: €102k
2022: €-38k
2023: €49k
2024: €577k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€170k-€8k▼ 95.1%€124k▲ 1,382%€453k▲ 265%€380k▼ 16.2%
Operating result€79k-€-89k€154k€1.16M▲ 654%€-46k
Net result€9k-€-162k€116k€929k▲ 703%€-73k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €46k after €1.16M in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.01M
Fixed assets
€220k▲ 145%
Current assets
€1.79M▼ 35.2%
Equity and liabilities €2.01M
Equity
€380k▼ 16.2%
Debt
€1.63M▼ 32.1%
The debt ratio falls from 84.1% to 81.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-28k▼
2024 · €1.18M
Cash flow
€-56k▼
2024 · €950k
Solvency
18.9%▲
2024 · 15.9%
Current ratio
1.13▼
2024 · 1.26
Quick ratio
0.21▼
2024 · 0.35
Debt / equity
4.30▼
2024 · 5.31
ROE
-19.3%▼
2024 · 205.0%
ROA
-3.6%▼
2024 · 32.5%
Interest coverage
-1.09▼
2024 · 30.43
Debt
€1.63M▼
2024 · €2.41M
Debt ≤ 1 year
€1.59M▼
2024 · €2.19M
Debt > 1 year
€7k▼
2024 · €14k
Income taxes
€1k▼
2024 · €196k
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€2.86M€2.01M▼
Fixed assets21/28€90k€220k▲
Tangible fixed assets22/27€68k€50k▼
Plant, machinery and equipment23€34k€26k▼
Furniture and vehicles24€34k€24k▼
Financial fixed assets28€22k€170k▲
Current assets29/58€2.77M€1.79M▼
Stocks and contracts in progress3€2.00M€1.46M▼
Stocks30/36€2.00M€1.46M▼
Amounts receivable within one year40/41€439k€241k▼
Trade receivables40€104k€54k▼
Other amounts receivable41€335k€187k▼
Cash at bank and in hand54/58€313k€14k▼
Deferred charges and accrued income490/1€12k€75k▲
Equity and liabilities
Total equity and liabilities10/49€2.86M€2.01M▼
Equity10/15€453k€380k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€385k€312k▼
Amounts payable17/49€2.41M€1.63M▼
Amounts payable after more than one year17€14k€7k▼
Financial debts170/4€14k€7k▼
Amounts payable within one year42/48€2.19M€1.59M▼
Current portion of amounts payable after more than one year42€6k€7k▲
Trade debts44€279k€207k▼
Suppliers440/4€279k€207k▼
Advances received on contracts in progress46€830k-
Taxes, remuneration and social security45€197k€2k▼
Taxes450/3€197k€2k▼
Other amounts payable47/48€880k€1.37M▲
Accrued charges and deferred income492/3€199k€36k▼
Income statement
Code20242025
Non-recurring operating income76A-€97k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€18k▼
Other operating charges640/8€33k€5k▼
Gross operating margin9900€1.21M€-23k▼
Operating profit (loss)9901€1.16M€-46k▼
Financial income75/76B€3k€0▼
Recurring financial income75€3k€0▼
Financial charges65/66B€39k€26k▼
Recurring financial charges65€39k€26k▼
Profit (loss) for the period before taxes9903€1.13M€-72k▼
Income taxes67/77€196k€1k▼
Profit (loss) for the period9904€929k€-73k▼
Profit (loss) for the period to be appropriated9905€929k€-73k▼
Appropriation of the result
Profit (loss) to be appropriated9906€985k€312k▼
Profit (loss) brought forward from the previous period14P€56k€385k▲
Profit to be distributed694/7€600k-
Return on contributions (dividend)694€300k-
Directors or managers695€300k-
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 2 days late
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 3 days late
2024
31-10
Financial
Highest result since 2018net €929k ▲703%
Operating result €1.16M, net result €929k, both a record.
31-10
Financial
Equity above €200kEq €453k ▲265%
2 profitable years in a row build equity to €453k.
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-10
Financial
Back to profitnet €116k
Net result €116k after one loss-making year.
31-10
Financial
Equity above €100kEq €124k ▲1382%
Equity rises from €8k to €124k.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 26 days late
2022
31-10
Financial
Weakest financial yearnet €-162k ▼1953%
Net result drops to €-162k, the lowest in the series; recovery starts the following year.
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-10
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-10
Financial
Back to profitnet €148k
Net result €148k after one loss-making year.
31-10
Financial
Equity above €200kEq €249k ▲147%
Equity rises from €101k to €249k.
31-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-05
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.
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, Gistel · 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.
Oostendse Baan 1428470 GistelGround area
4,690 m²
Building footprint
246 m²
Volume, LiDAR
840 m³
Parcel 35019C0195/00A000, Flanders · tallest building 5.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
HET GROENEVELD
since 20052.147.514.969
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35019C0195/00A000 | Flanders | 4,690 m² | 1 · 246 m² | 5.8 m · 1 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.
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Of 9,697 companies in sector 68121 we hold annual accounts for 7,381. 4,987 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded02-03-2005
Fiscal year end31-10
Activities, NACEBEL
68121Development of residential building projects
70111
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesPhone:059/300750
Fax:059/300751