JOHAN GRUWE
ActiveJOHAN GRUWE has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40k and a net result of €1k. Equity is shrinking by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 44% of 7760 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▲+70
Solvency64▼-1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 1.6 against 1.55 in 2024; short-term debt: 61% and cash: 84.4% of total assets), but 61% 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+raises risk○neutral
raises risk · 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 →
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 2025Solvency, return and age of the figures
Solvency
39%
Return on assets
1%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
2 d early
2021
2 d late
2020
on the day
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€40k▲ 2.8%
2024 · €39k
2018: €43k
2019: €63k
2020: €70k
2021: €71k
2022: €65k
2023: €56k
2024: €39k
2018 → 2025
Total assets
€102k▲ 4.7%
2024 · €98k
2018: €117k
2019: €142k
2020: €143k
2021: €146k
2022: €128k
2023: €120k
2024: €98k
2018 → 2025
Net result
€1k
2024 · €-17k
2018: €-6k
2019: €20k
2020: €6k
2021: €2k
2022: €-6k
2023: €-9k
2024: €-17k
2018 → 2025
Working capital
€38k▲ 15.4%
2024 · €33k
2018: €17k
2019: €46k
2020: €39k
2021: €48k
2022: €47k
2023: €44k
2024: €33k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€71k-€65k▼ 9.0%€56k▼ 13.5%€39k▼ 31.0%€40k▲ 2.8%
Operating result€3k-€-6k€-9k▼ 36.3%€-17k▼ 100.0%€1k
Net result€2k-€-6k€-9k▼ 36.3%€-17k▼ 99.1%€1k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €1k after a loss of €17k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €102k
Fixed assets
€2k▼ 64.0%
Current assets
€100k▲ 9.4%
Equity and liabilities €102k
Equity
€40k▲ 2.8%
Debt
€62k▲ 6.0%
The debt ratio rises from 60.3% to 61.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€6k▲
2024 · €-11k
Cash flow
€5k▲
2024 · €-11k
Solvency
39.0%▼
2024 · 39.7%
Current ratio
1.60▲
2024 · 1.55
Quick ratio
1.60▲
2024 · 1.55
Debt / equity
1.57▲
2024 · 1.52
ROE
2.7%▲
2024 · -44.9%
ROA
1.0%▲
2024 · -17.8%
Interest coverage
139.28▲
2024 · -256.95
Debt
€62k▲
2024 · €59k
Debt ≤ 1 year
€62k▲
2024 · €59k
Income taxes
€368▲
2024 · €350
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€98k€102k▲
Fixed assets21/28€6k€2k▼
Tangible fixed assets22/27€6k€2k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€5k€782▼
Current assets29/58€91k€100k▲
Amounts receivable within one year40/41€12k€13k▲
Trade receivables40€11k€11k▲
Other amounts receivable41€2k€2k▲
Cash at bank and in hand54/58€79k€86k▲
Deferred charges and accrued income490/1-€930
Equity and liabilities
Total equity and liabilities10/49€98k€102k▲
Equity10/15€39k€40k▲
Contributions10/11€20k€20k=
Outside capital11€20k€20k=
Other1109/19€20k€20k=
Reserves13€48k€48k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€46k€46k=
Profit (loss) carried forward14€-29k€-28k▲
Amounts payable17/49€59k€62k▲
Amounts payable within one year42/48€59k€62k▲
Trade debts44€5k€9k▲
Suppliers440/4€5k€9k▲
Taxes, remuneration and social security45€350€1k▲
Taxes450/3€350€368▲
Remuneration and social security454/9-€950
Other amounts payable47/48€54k€52k▼
Income statement
Code20242025
Non-recurring operating income76A-€480
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€4k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€-9k€8k▲
Operating profit (loss)9901€-17k€1k▲
Financial income75/76B€0€2▲
Recurring financial income75€0€2▲
Financial charges65/66B€42€42▲
Recurring financial charges65€42€42▲
Profit (loss) for the period before taxes9903€-17k€1k▲
Income taxes67/77€350€368▲
Profit (loss) for the period9904€-17k€1k▲
Profit (loss) for the period to be appropriated9905€-17k€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-29k€-28k▲
Profit (loss) brought forward from the previous period14P€-12k€-29k▼
The notes to these accounts (7 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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Back to profitnet €1k
Net result €1k after 3 loss-making years.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 2 days late
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
30-03
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
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Herzele · 1 establishment unit since 2001
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.
Leugenstraat 49550 HerzeleGround area
2,358 m²
Building footprint
388 m²
Volume, LiDAR
1,558 m³
Parcel 41067A0472/00C000, Flanders · tallest building 7.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Leugenstraat 4, 9550 Herzele
since 20012.131.851.944
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41067A0472/00C000 | Flanders | 2,358 m² | 1 · 388 m² | 7.4 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 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,941 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded29-11-2000
Fiscal year end30-09
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
45250
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.