HET GRONDJUWEEL
ActiveSummary
HET GRONDJUWEEL has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €14.58M and a net result of €33k. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 45% of 9716 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability38=
Solvency51▲+1
Growth33▲+2
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €850k at 30 days acceptable
Liquidity ample (current ratio 2.65 against 1.93 in 2023; short-term debt: 37.8% and cash: 0.5% of total assets), but 73.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
26.2%
Return on assets
0.1%
Age of the figures
21 mo
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 18-06-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
37 d early
2022
54 d early
2021
52 d early
2020
52 d early
2019
43 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
€9.01M▲ 11.1%
2023 · €8.11M
2018: €8.89M
2019: €8.82M
2020: €6.03M
2021: €12.95M
2022: €7.57M
2023: €8.11M
2018 → 2024
EBIT margin
12.9%▼ 3.0pp
2023 · 15.9%
2018: 23.9%
2019: 16.1%
2020: 26.7%
2021: 17.3%
2022: 18.6%
2023: 15.9%
2018 → 2024
Net result
€33k▼ 83.8%
2023 · €206k
2018: €1.27M
2019: €750k
2020: €1.04M
2021: €1.45M
2022: €704k
2023: €206k
2018 → 2024
Working capital
€34.62M▲ 25.4%
2023 · €27.60M
2018: €17.41M
2019: €18.16M
2020: €12.21M
2021: €13.65M
2022: €27.41M
2023: €27.60M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€6.03M-€12.95M▲ 115%€7.57M▼ 41.5%€8.11M▲ 7.1%€9.01M▲ 11.1%
Equity€12.19M-€13.64M▲ 11.9%€14.34M▲ 5.2%€14.55M▲ 1.4%€14.58M▲ 0.2%
Operating result€1.61M-€2.23M▲ 38.6%€1.41M▼ 37.0%€1.29M▼ 8.5%€1.16M▼ 9.8%
Net result€1.04M-€1.45M▲ 39.6%€704k▼ 51.5%€206k▼ 70.8%€33k▼ 83.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 10% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €55.66M
Equity
€14.58M ▲ 0.2%
Debt
€41.08M ▼ 4.2%
Debt's share of the balance-sheet total falls from 74.7% to 73.8%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
2.65▲
2023 · 1.93
Quick ratio
0.14▲
2023 · 0.02
Debt to equity
2.82▼
2023 · 2.95
ROE
0.2%▼
2023 · 1.4%
ROA
0.1%▼
2023 · 0.4%
Debt ≤ 1 year
€21.04M▼
2023 · €29.81M
Debt > 1 year
€20.00M▲
2023 · €13.00M
Income taxes
€11k▼
2023 · €305k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 52 lines
Balance sheet
Code20232024
Assets
Total assets20/58€57.41M€55.66M▼
Current assets29/58€57.41M€55.66M▼
Stocks and contracts in progress3€56.96M€52.62M▼
Stocks30/36€56.77M€52.55M▼
Contracts in progress37€186k€71k▼
Amounts receivable within one year40/41€311k€2.74M▲
Trade receivables40€83k€2.57M▲
Other amounts receivable41€228k€179k▼
Cash at bank and in hand54/58€122k€255k▲
Deferred charges and accrued income490/1€18k€41k▲
Equity and liabilities
Total equity and liabilities10/49€57.41M€55.66M▼
Equity10/15€14.55M€14.58M▲
Contributions10/11€6.16M€6.16M=
Capital10€6.16M€6.16M=
Issued capital100€6.16M€6.16M=
Reserves13€1.42M€827k▼
Non-distributable reserves130/1€616k€616k=
Legal reserve130€616k€616k=
Tax-exempt reserves132€800k€211k▼
Profit (loss) carried forward14€6.97M€7.59M▲
Amounts payable17/49€42.86M€41.08M▼
Amounts payable after more than one year17€13.00M€20.00M▲
Financial debts170/4€13.00M€20.00M▲
Amounts payable within one year42/48€29.81M€21.04M▼
Financial debts43€29.21M€19.73M▼
Credit institutions430/8€10.95M€6.70M▼
Other loans439€18.26M€13.03M▼
Trade debts44€87k€115k▲
Suppliers440/4€87k€115k▲
Advances received on contracts in progress46€311k€471k▲
Taxes, remuneration and social security45€204k-
Taxes450/3€204k-
Other amounts payable47/48-€720k
Accrued charges and deferred income492/3€53k€42k▼
Income statement
Code20232024
Turnover70€8.11M€9.01M▲
Goods, raw materials, services and sundry goods60/61€6.96M€7.85M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-40k-
Other operating charges640/8€1k€2k▲
Gross operating margin9900€1.25M€1.16M▼
Operating profit (loss)9901€1.29M€1.16M▼
Financial income75/76B€187k€13k▼
Recurring financial income75€3k€13k▲
Non-recurring financial income76B€184k-
Financial charges65/66B€964k€1.13M▲
Recurring financial charges65€964k€1.13M▲
Profit (loss) for the period before taxes9903€511k€44k▼
Income taxes67/77€305k€11k▼
Profit (loss) for the period9904€206k€33k▼
Transfer from tax-exempt reserves789€850k€589k▼
Profit (loss) for the period to be appropriated9905€1.06M€623k▼
Appropriation of the result
Profit (loss) to be appropriated9906€6.97M€7.59M▲
Profit (loss) brought forward from the previous period14P€5.91M€6.97M▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €33k ▼83.8%
Net result drops to €33k, the lowest in the series.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €1.45M ▲39.6%
Operating result €2.23M, net result €1.45M, both a record.
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
20-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
19 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, Gent · 1 establishment unit since 2000
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.
Landegemstraat 109031 GentGround area
1.1 ha
Building footprint
744 m²
Parcel 44017D0799/00D000, Flanders. Linked by address, not a title deed.
1 establishment unit
CVHC NV
since 20002.100.822.040
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017D0799/00D000 | Flanders | 1.1 ha | 1 · 744 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.
Similar companies · same sector, comparable size
BOTANIC BUILDING
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MB IMMO
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IMMO FEEST EN CULTUURPALEIS OOSTENDE
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Of 7,320 companies in sector 68110 we hold annual accounts for 5,381. 941 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-12-1999
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.