KUNSTGRASVELDEN CLUSTER 3
ActiveSummary
KUNSTGRASVELDEN CLUSTER 3 has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €536,066 and a net result of €23,630. Equity is growing by about 20% per year across the filed financial years. Its solvency ranks better than 53% of 227 sector peers (NACE 22, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €536,066
- Profit
- €23,630
- Parent
- VALQ · 95%
Why 93raises riskSector: Manufacture of rubber and plastic products (NACE 22)lowers riskSize: total assets €992,179Figures for financial year 2025 (filed 25-06-2026)Founded in 2015Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 22, micro): better than 60% on solvency, 38% on liquidity, 29% on profitability and 50% on growth.
The bankruptcy probability was computed on 19-10-2026 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
This company filed its last 7 accounts on average 33 days before the deadline; the sector median (NACE 22) for financial year 2024 is 14 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Reappointments: VRC Bedrijfsrevisoren bv, Bart Roobrouck…Gazette deed
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, full format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 83% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 22, Manufacture of rubber and plastic products: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 6,049 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 95.9% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,049 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €208,908 | - | - | - | - | - |
| Turnover70 | €210,556 | €190,396 | €180,100 | €208,908 | - | - | - | - | - |
| Operating charges60/66A | - | - | - | €187,285 | - | - | - | - | - |
| Goods for resale, raw materials and consumables60 | - | - | - | €181,352 | - | - | - | - | - |
| Purchases600/8 | - | - | - | €181,352 | - | - | - | - | - |
| Services and other goods61 | - | - | - | €4,954 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €979 | €980 | €1,125 | €1,094 | €1,330 | ▲ 21.6% |
| Gross operating margin9900 | - | - | - | - | €94,156 | €55,835 | €132,070 | €23,508 | ▼ 82.2% |
| Operating profit (loss)9901 | -€7,604 | -€10,559 | -€8,653 | €21,624 | €93,176 | €54,710 | €130,976 | €22,178 | ▼ 83.1% |
| Financial income75/76B | - | - | - | €217,092 | €191,485 | €227,829 | €173,315 | €91,624 | ▼ 47.1% |
| Recurring financial income75 | €317,705 | €285,990 | €253,510 | €217,092 | €191,485 | €227,829 | €173,315 | €91,624 | ▼ 47.1% |
| Income from current assets751 | - | - | - | €217,092 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €176,837 | €151,027 | €203,199 | €157,639 | €82,332 | ▼ 47.8% |
| Recurring financial charges65 | €190,768 | €264,862 | €199,205 | €176,837 | €151,027 | €203,199 | €157,639 | €82,332 | ▼ 47.8% |
| Debt charges650 | €190,768 | €264,862 | €199,205 | €176,837 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €119,333 | €10,569 | €45,652 | €61,878 | €133,634 | €79,339 | €146,652 | €31,471 | ▼ 78.5% |
| Income taxes67/77 | €36,825 | €2,052 | €10,255 | €15,744 | €34,257 | €23,611 | €37,781 | €7,841 | ▼ 79.2% |
| Taxes670/3 | - | - | - | €15,744 | - | - | - | - | - |
| Profit (loss) for the period9904 | €82,508 | €8,517 | €35,397 | €46,134 | €99,377 | €55,728 | €108,871 | €23,630 | ▼ 78.3% |
| Profit (loss) for the period to be appropriated9905 | €82,508 | €8,517 | €35,397 | €46,134 | €99,377 | €55,728 | €108,871 | €23,630 | ▼ 78.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €9.7m | €9.0m | €7.5m | €6.1m | €4.9m | €3.7m | €2.7m | €1.0m | ▼ 63.1% |
| Current assets29/58 | €9.7m | €9.0m | €7.5m | €6.1m | €4.9m | €3.7m | €2.7m | €1.0m | ▼ 63.1% |
| Amounts receivable after more than one year29 | - | - | - | €4.4m | €3.0m | €1.7m | €0.5m | €0.03m | ▼ 94.2% |
| Trade receivables290 | - | - | - | €4.4m | €3.0m | €1.7m | €0.5m | - | - |
| Other amounts receivable291 | - | - | - | - | - | - | - | €0.03m | - |
| Amounts receivable within one year40/41 | €1.6m | €1.8m | €1.7m | €1.7m | €1.8m | €1.8m | €1.6m | €0.8m | ▼ 48.8% |
| Trade receivables40 | - | - | - | €0.4m | €0.5m | €0.5m | €0.5m | €0.3m | ▼ 36.2% |
| Other amounts receivable41 | - | - | - | €1.3m | €1.3m | €1.4m | €1.2m | €0.5m | ▼ 53.7% |
| Current investments50/53 | - | - | - | - | - | - | €0.5m | - | - |
| Cash at bank and in hand54/58 | €0.02m | €0.3m | €0.1m | €0.03m | €0.06m | €0.1m | €0.04m | €0.1m | ▲ 226% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €9.7m | €9.0m | €7.5m | €6.1m | €4.9m | €3.7m | €2.7m | €1.0m | ▼ 63.1% |
| Equity10/15 | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.4m | €0.5m | €0.5m | ▲ 4.6% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Profit (loss) carried forward14 | €0.09m | €0.1m | €0.1m | €0.2m | €0.3m | €0.3m | €0.4m | €0.5m | ▲ 5.3% |
| Amounts payable17/49 | €9.6m | €8.8m | €7.3m | €5.9m | €4.6m | €3.2m | €2.2m | €0.5m | ▼ 79.1% |
| Amounts payable after more than one year17 | €7.8m | €6.7m | €5.5m | €4.3m | €3.0m | €1.7m | €0.8m | - | - |
| Financial debts170/4 | - | - | - | €4.3m | €3.0m | €1.7m | €0.8m | - | - |
| Subordinated loans170 | - | - | - | €0.8m | - | - | - | - | - |
| Credit institutions173 | - | - | - | €3.4m | - | - | - | - | - |
| Amounts payable within one year42/48 | €1.7m | €2.1m | €1.8m | €1.6m | €1.6m | €1.5m | €1.3m | €0.5m | ▼ 65.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1.2m | €1.2m | €1.3m | €0.9m | - | - |
| Financial debts43 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Other loans439 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Trade debts44 | €0.2m | €0.2m | €0.2m | €0.002m | €0.2m | €0.08m | €0.2m | €0.4m | ▲ 86.8% |
| Suppliers440/4 | - | - | - | €0.002m | €0.2m | €0.08m | €0.2m | €0.4m | ▲ 86.8% |
| Taxes, remuneration and social security45 | - | - | - | - | €0.02m | €0.02m | €0.03m | €0.03m | ▼ 15.1% |
| Taxes450/3 | - | - | - | - | €0.02m | €0.02m | €0.03m | €0.03m | ▼ 15.1% |
| Other amounts payable47/48 | - | - | - | €0.3m | €0.07m | €0.07m | €0.1m | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €82,508 | €8,517 | €35,397 | €46,134 | €99,377 | €55,728 | €108,871 | €23,630 | ▼ 78.3% |
| Operating cash flow (approximation) | €82,508 | €8,517 | €35,397 | €46,134 | €99,377 | €55,728 | €108,871 | €23,630 | ▼ 78.3% |
| Change in cash | - | €323,103 | -€224,346 | -€88,726 | €27,562 | €61,109 | -€80,327 | €86,200 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 25-06-2026 | 2026-00205664 |
| 31-12-2024 | abbreviated format | 17-07-2025 | 2025-00285867 |
| 31-12-2023 | abbreviated format | 19-06-2024 | 2024-00149036 |
| 31-12-2022 | abbreviated format | 09-06-2023 | 2023-00122999 |
| 31-12-2021 | full format | 04-07-2022 | 2022-20164465 |
| 31-12-2020 | full format | 30-06-2021 | 2021-29400279 |
| 31-12-2019 | full format | 02-07-2020 | 2020-25500309 |
| 31-12-2018 | full format | 09-07-2019 | 2019-31700084 |
| 31-12-2017 | full format | 11-07-2018 | 2018-32800533 |
| 31-12-2016 | full format | 31-08-2017 | 2017-59000297 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Statutory auditor 3
Mandate history
- Statutory auditor
| Name | Functions and periods |
|---|---|
| Bart Roobrouck |
|
| Steven T'Jollyn |
|
| VRC BEDRIJFSREVISOREN BV |
|
Owners and capital
Owners
1 ownerChain of control
- VALQ
- KUNSTGRASVELDEN CLUSTER 3
Highest known parent: VALQ. The sources do not say who stands above it.
Owners 1
- VALQparentSourceaccounts VALQ 202595%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
2 connected companiesThe connected companies are in the list below.
History
Acts, filings and financial milestones
09-03
Gazette deed
Reappointments: VRC Bedrijfsrevisoren bv, Bart Roobrouck and Steven T'Jollyn5 facts ▸
- General meeting, 10-07-2025
- Auditor reappointment, VRC Bedrijfsrevisoren bv (commissarissen)
- Auditor reappointment, Bart Roobrouck (commissarissen)
- Auditor reappointment, Steven T'Jollyn (commissarissen)
- Other provision, “ereloon”, 3900 (deed in Dutch)
28-10
Gazette deed
Resignations: D.S.R.T (director and managing director) and DESIRE STADSBADER (director and managing director)Appointment: Dominique Valcke (sole director) · Permanent representatives: Valcke Dominique Paul Georges Philippe and Valcke Dominique · Amendment of the articles9 facts ▸
- General meeting, 20-12-2023
- Director resignation, D.S.R.T (director and managing director)
- Amendment of the articles (3 times)
- Director appointment, Dominique Valcke (sole director)
- Permanent representative, Valcke Dominique Paul Georges Philippe
- Director resignation, DESIRE STADSBADER (director and managing director)
- Permanent representative, Valcke Dominique
- Capital, €61,500
- Other provision, “ontledend uittreksel voor griffie, VOOR GELIJKVORMIG ONTLEDEND UITTREKSEL ENKEL BESTEMD VOOR NEERLEGGING OP GRIFFIE VAN DE ONDERNEMINGSRECHTBANK” (deed in Dutch)
07-10
Gazette deed
Permanent representative: Rita Tanghe2 facts ▸
- Board meeting, 14-08-2024
- Permanent representative, Rita Tanghe
Show earlier events
About the unread acts
Of the 7 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 18 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34322C0676/00X000 | Flanders | 6,085 m² | 1 · 1,426 m² | 10.6 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het uitvoeren of laten uitvoeren van de bouw,de financiering en het onderhoud van kunstgrasvelden; Alle roerende of onroerende…” (deed in Dutch)
6 activities (deed in Dutch)
- Het uitvoeren of laten uitvoeren van de bouw,de financiering en het onderhoud van kunstgrasvelden
- Alle roerende of onroerende goederen,materialen en benodigdheden,verwerven,huren of verhuren,vervaardigen,overdragen of ruilen,en in het algemeen,alle commerciële,industriële of financiële handelingen verrichten,die rechtstreeks of onrechtstreeks in verband staan met haar voorwerp,met inbegrip van de onderaanneming in het algemeen,en de uitbating van alle intellectuele rechten en industriële of commerciële eigendommen die er betrekking op hebben
- Alle roerende en onroerende goederen als investering verwerven,zelfs als deze noch rechtstreeks noch onrechtstreeks verband houden met het voorwerp van de vennootschap
- Het bestuur en de vereffening waarnemen in alle verbonden vennootschappen,met dewelke één of andere band van deelneming bestaat
- Alle leningen,van gelijk welke vorm en voor gelijk welke duur,aan deze laatsten toestaan of borgstellingen verstrekken voor deze vennootschappen
- Bij wijze van inbreng in speciën of in natura,van fusie,inschrijving,deelneming,financiële tussenkomst of op een andere wijze,een aandeel nemen in alle bestaande of op te richten vennootschappen of bedrijven,in België of het buitenland,waarvan het voorwerp identiek,gelijkaardig of verwant is met het hare,of van aard is de uitoefening van haar voorwerp te bevorderen
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- KUNSTGRASVELDEN CLUSTER 3
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bij eenvoudig besluit bestuursorgaan administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren vestigen…” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Collegiaal bestuursorgaan,ook raad van bestuur genoemd, 3” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of May at 10:00