STD GRONDWERKEN
ActiveSummary
STD GRONDWERKEN has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.0m and a net result of €173,303. Equity is growing by ~33.3% per year across the filed fiscal years. Its solvency ranks better than 60% of 1760 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-4
Solvency75▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75,000 at 30 days acceptable
Liquidity short (current ratio 0.36 against 0.42 in 2024; short-term debt: 28.5% and cash: 1.2% of total assets), and 49.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
50.1%
Return on assets
8.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
15 d early
2024
28 d late
2023
36 d early
2022
29 d late
2021
22 d late
2020
33 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.0m▲ 20.2%
2024 · €858,528
Total assets
€2.1m▲ 10.4%
2024 · €1.9m
Net result
€173,303▼ 18.8%
2024 · €213,384
Working capital
-€374,380▼ 37.9%
2024 · -€271,583
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€239,734▲ 126%€195,241▼ 18.6%€233,186▲ 19.4%€298,727▲ 28.1%€224,169▼ 25.0%
Net result€201,786above the sector's middle half▲ 121%€164,374above the sector's middle half▼ 18.5%€177,707within the sector's middle half▲ 8.1%€213,384within the sector's middle half▲ 20.1%€173,303within the sector's middle half▼ 18.8%
Equity€303,064above the sector's middle half▲ 199%€467,437above the sector's middle half▲ 54.2%€645,144within the sector's middle half▲ 38.0%€858,528within the sector's middle half▲ 33.1%€1.0mwithin the sector's middle half▲ 20.2%
Total assets€872,711above the sector's middle half▲ 75.9%€1.2mabove the sector's middle half▲ 34.3%€1.2mwithin the sector's middle half▲ 0.1%€1.9mwithin the sector's middle half▲ 59.2%€2.1mwithin the sector's middle half▲ 10.4%
Debt€569,647▲ 44.2%€704,810▲ 23.7%€527,784▼ 25.1%€1.0m▲ 91.1%€1.0m▲ 2.1%
Working capital-€398,718▼ 113%-€310,671▲ 22.1%-€208,167▲ 33.0%-€271,583▼ 30.5%-€374,380▼ 37.9%
Solvency34.7%within the sector's middle half▲ 14.3pp39.9%within the sector's middle half▲ 5.1pp55.0%within the sector's middle half▲ 15.1pp46.0%within the sector's middle half▼ 9.0pp50.1%within the sector's middle half▲ 4.1pp
Staff (FTE)0below the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 25% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.1m
Fixed assets
€1.8m ▲ 10.5%
Current assets
€213,052 ▲ 9.7%
Equity and liabilities €2.1m
Equity
€1.0m ▲ 20.2%
Debt
€1.0m ▲ 2.1%
Debt's share of the balance-sheet total falls from 54.0% to 49.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€552,686▼
2024 · €646,771
Cash flow
€501,820▼
2024 · €561,428
Current ratio
0.36▼
2024 · 0.42
Quick ratio
0.27▼
2024 · 0.32
Debt to equity
1.00▼
2024 · 1.17
ROE
16.8%▼
2024 · 24.9%
ROA
8.4%▼
2024 · 11.4%
Interest coverage
29.30▲
2024 · 24.34
Debt ≤ 1 year
€587,432▲
2024 · €465,758
Debt > 1 year
€442,233▼
2024 · €542,941
Income taxes
€34,140▼
2024 · €56,441
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,778 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
2.6%
stopped otherwise
97%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,778 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €529 | €202 | €223 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €132,788 | €194,948 | €228,131 | €348,045 | €328,517 | ▼ 5.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €27,057 | €0 | ▼ 100% |
| Other operating charges640/8 | €2,753 | €3,034 | €2,657 | €8,230 | €4,673 | ▼ 43.2% |
| Gross operating margin9900 | €375,804 | €393,426 | €464,197 | €682,058 | €557,358 | ▼ 18.3% |
| Operating profit (loss)9901 | €239,734 | €195,241 | €233,186 | €298,727 | €224,169 | ▼ 25.0% |
| Financial income75/76B | €545 | €967 | €1,994 | €2,673 | €2,138 | ▼ 20.0% |
| Recurring financial income75 | €545 | €967 | €1,994 | €2,673 | €2,138 | ▼ 20.0% |
| Financial charges65/66B | €2,252 | €2,956 | €5,529 | €31,575 | €18,865 | ▼ 40.3% |
| Recurring financial charges65 | €2,252 | €2,956 | €5,529 | €26,575 | €18,865 | ▼ 29.0% |
| Non-recurring financial charges66B | - | - | - | €5,000 | - | - |
| Profit (loss) for the period before taxes9903 | €238,028 | €193,252 | €229,652 | €269,824 | €207,442 | ▼ 23.1% |
| Income taxes67/77 | €36,242 | €28,878 | €51,945 | €56,441 | €34,140 | ▼ 39.5% |
| Profit (loss) for the period9904 | €201,786 | €164,374 | €177,707 | €213,384 | €173,303 | ▼ 18.8% |
| Profit (loss) for the period to be appropriated9905 | €201,786 | €164,374 | €177,707 | €213,384 | €173,303 | ▼ 18.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €872,711 | €1.2m | €1.2m | €1.9m | €2.1m | ▲ 10.4% |
| Fixed assets21/28 | €762,696 | €882,760 | €1.0m | €1.7m | €1.8m | ▲ 10.5% |
| Tangible fixed assets22/27 | €762,696 | €882,760 | €1.0m | €1.7m | €1.8m | ▲ 10.5% |
| Land and buildings22 | €25,801 | €40,780 | €35,310 | €694,287 | €693,254 | ▼ 0.1% |
| Plant, machinery and equipment23 | €486,954 | €432,932 | €563,544 | €567,010 | €718,867 | ▲ 26.8% |
| Furniture and vehicles24 | €249,940 | €409,048 | €405,730 | €322,654 | €369,498 | ▲ 14.5% |
| Leasing and similar rights25 | - | - | - | €89,100 | €66,825 | ▼ 25.0% |
| Current assets29/58 | €110,015 | €289,487 | €168,344 | €194,175 | €213,052 | ▲ 9.7% |
| Stocks and contracts in progress3 | - | €49,146 | €63,846 | €44,971 | €56,584 | ▲ 25.8% |
| Contracts in progress37 | - | €49,146 | €63,846 | €44,971 | €56,584 | ▲ 25.8% |
| Amounts receivable within one year40/41 | €70,418 | €180,363 | €75,355 | €93,893 | €127,026 | ▲ 35.3% |
| Trade receivables40 | €48,420 | €103,232 | €43,446 | €71,616 | €71,498 | ▼ 0.2% |
| Other amounts receivable41 | €21,998 | €77,132 | €31,909 | €22,278 | €55,528 | ▲ 149% |
| Cash at bank and in hand54/58 | €39,252 | €59,524 | €20,387 | €43,773 | €23,932 | ▼ 45.3% |
| Deferred charges and accrued income490/1 | €345 | €453 | €8,756 | €11,537 | €5,510 | ▼ 52.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €872,711 | €1.2m | €1.2m | €1.9m | €2.1m | ▲ 10.4% |
| Equity10/15 | €303,064 | €467,437 | €645,144 | €858,528 | €1.0m | ▲ 20.2% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €293,064 | €457,437 | €635,144 | €848,528 | €1.0m | ▲ 20.4% |
| Distributable reserves133 | €293,064 | €457,437 | €635,144 | €848,528 | €1.0m | ▲ 20.4% |
| Amounts payable17/49 | €569,647 | €704,810 | €527,784 | €1.0m | €1.0m | ▲ 2.1% |
| Amounts payable after more than one year17 | €60,914 | €104,652 | €151,273 | €542,941 | €442,233 | ▼ 18.5% |
| Financial debts170/4 | €60,914 | €104,652 | €151,273 | €542,941 | €442,233 | ▼ 18.5% |
| Amounts payable within one year42/48 | €508,733 | €600,158 | €376,511 | €465,758 | €587,432 | ▲ 26.1% |
| Current portion of amounts payable after more than one year42 | €45,988 | €53,036 | €76,686 | €156,247 | €100,708 | ▼ 35.5% |
| Trade debts44 | €245,699 | €335,026 | €71,271 | €63,899 | €179,753 | ▲ 181% |
| Suppliers440/4 | €245,699 | €335,026 | €71,271 | €63,899 | €179,753 | ▲ 181% |
| Taxes, remuneration and social security45 | €28,242 | €28,752 | €4,147 | €23,615 | €18,643 | ▼ 21.1% |
| Taxes450/3 | €28,242 | €28,752 | €4,147 | €23,615 | €18,643 | ▼ 21.1% |
| Other amounts payable47/48 | €188,804 | €183,344 | €224,407 | €221,998 | €288,329 | ▲ 29.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €201,786 | €164,374 | €177,707 | €213,384 | €173,303 | ▼ 18.8% |
| + Depreciation and write-downs630 | €132,788 | €194,948 | €228,131 | €348,045 | €328,517 | ▼ 5.6% |
| Operating cash flow (approximation) | €334,574 | €359,322 | €405,838 | €561,428 | €501,820 | ▼ 10.6% |
| Investment in fixed assets (approximation) | - | -€315,013 | -€349,955 | -€1.0m | -€503,908 | ▲ 50.4% |
| Change in cash | - | €20,272 | -€39,138 | €23,387 | -€19,842 | ▼ 185% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €1mEq €1.0m ▲20.2%
6 profitable years in a row build equity to €1.0m.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
31-12
Financial
Highest result since 2020net €213,384 ▲20.1%
Operating result €298,727, net result €213,384, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500,000Eq €645,144 ▲38%
4 profitable years in a row build equity to €645,144.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Equity above €200,000Eq €303,064 ▲199%
2 profitable years in a row build equity to €303,064.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Zwevegem · 1 establishment unit since 2020
Ground area
426 m²
Building footprint
128 m²
Volume, LiDAR
716 m³
Parcel 34042D0495/00K000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
STD GRONDWERKEN
since 20202.297.946.727
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34042D0495/00K000 | Flanders | 426 m² | 1 · 128 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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
2022 to 2024 · 3 entries · 271 EUR awarded · 271 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 30 EUR | 68 EUR |
| 2023 | 1 | 38 EUR | 0 EUR |
| 2022 | 1 | 203 EUR | 203 EUR |
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Of 4,676 companies in sector 01610 we hold annual accounts for 1,369. 858 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
01610Support activities for crop production
43120Site preparation
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0740819682
Also
9925:BE0740819682
Registered
31-10-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.