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VASTGOEDGROEP DEGROOTE

Active
Private limited companyfounded 20214 yrs activeLeopold III-laan 1, 8400 Oostende, BelgiumKBO/BCE: BE 0778.878.326
Summary

VASTGOEDGROEP DEGROOTE has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €304.24M and a net result of €6.54M. Equity is growing by ~13.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability49▼-49
Solvency100=
Growth85▲+13
Track record94
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €480k at 30 days acceptable
Liquidity ample (current ratio 3.5 against 1.43 in 2024; short-term debt: 0.8% and cash: 0.1% of total assets), and 0.9% of the assets are financed with debt.
Credit check for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
99.1%
Return on assets
2.1%
Age of the figures
9 mo
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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
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 · 5 filings
Deviation from the deadline
2025
15 d early
2024
38 d early
2023
33 d early
2022
34 d early
2021
40 d early
← before the deadline after the deadline →
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 months
Position in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, full schema, statutory accounts

Turnover
€4.87M▼ 2.2%
2024 · €4.98M
2021: €625klowest in 5 years 2022: €1.99M▲ +218% vs 2021 2023: €4.08M▲ +105% vs 2022 2024: €4.98M▲ +22.0% vs 2023highest in 5 years 2025: €4.87M▼ -2.2% vs 2024
2021 → 2025
EBIT margin
1.5%▼ 20.2pp
2024 · 21.7%
2021: -1.2% 2022: -10.2%▼ -750% vs 2021lowest in 5 years 2023: 13.0%▲ +227% vs 2022 2024: 21.7%▲ +67.4% vs 2023highest in 5 years 2025: 1.5%▼ -93.0% vs 2024
2021 → 2025
Net result
€6.54M▲ 11.3%
2024 · €5.87M
2021: €10klowest in 5 years 2022: €6.73M▲ +68031% vs 2021highest in 5 years 2023: €5.24M▼ -22.1% vs 2022 2024: €5.87M▲ +12.0% vs 2023 2025: €6.54M▲ +11.3% vs 2024
2021 → 2025
Working capital
€6.47M▲ 148%
2024 · €2.61M
2021: €8.08Mhighest in 5 years 2022: €3.59M▼ -55.6% vs 2021 2023: €4.17M▲ +16.1% vs 2022 2024: €2.61M▼ -37.3% vs 2023lowest in 5 years 2025: €6.47M▲ +148% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Turnover€625k-€1.99M▲ 218%€4.08M▲ 105%€4.98M▲ 22.0%€4.87M▼ 2.2% 2021: €625klowest in 5 years 2022: €1.99M▲ +218% vs 2021 2023: €4.08M▲ +105% vs 2022 2024: €4.98M▲ +22.0% vs 2023highest in 5 years 2025: €4.87M▼ -2.2% vs 2024
Equity€20.69M-€16.26M▼ 21.4%€16.37M▲ 0.7%€19.42M▲ 18.6%€304.24M▲ 1,467% 2021: €20.69M 2022: €16.26M▼ -21.4% vs 2021lowest in 5 years 2023: €16.37M▲ +0.7% vs 2022 2024: €19.42M▲ +18.6% vs 2023 2025: €304.24M▲ +1467% vs 2024highest in 5 years
Operating result€-8k-€-204k▼ 2,607%€530k€1.08M▲ 104%€74k▼ 93.1% 2021: €-8k 2022: €-204k▼ -2607% vs 2021lowest in 5 years 2023: €530k▲ +360% vs 2022 2024: €1.08M▲ +104% vs 2023highest in 5 years 2025: €74k▼ -93.1% vs 2024
Net result€10k-€6.73M▲ 68,031%€5.24M▼ 22.1%€5.87M▲ 12.0%€6.54M▲ 11.3% 2021: €10klowest in 5 years 2022: €6.73M▲ +68031% vs 2021highest in 5 years 2023: €5.24M▼ -22.1% vs 2022 2024: €5.87M▲ +12.0% vs 2023 2025: €6.54M▲ +11.3% vs 2024
Result per fiscal year
Operating resultNet result
€-2.00M€0€2.00M€4.00M€6.00MOperating result 2021: €-8k€-8kNet result 2021: €10k€10kOperating result 2022: €-204k€-204kNet result 2022: €6.73M€6.73MOperating result 2023: €530k€530kNet result 2023: €5.24M€5.24MOperating result 2024: €1.08M€1.08MNet result 2024: €5.87M€5.87MOperating result 2025: €74k€74kNet result 2025: €6.54M€6.54M20212022202320242025€0€2M€4M€6MOperating result 2023: €530k€530kNet result 2023: €5.24M€5.2MOperating result 2024: €1.08M€1.1MNet result 2024: €5.87M€5.9MOperating result 2025: €74k€74kNet result 2025: €6.54M€6.5M202320242025
The operating result falls in 2025; 2025 is 93% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €306.85M
Fixed assets €297.80M ▲ 1,669%
Current assets €9.06M ▲ 4.4%
Equity and liabilities €306.85M
Equity €304.24M ▲ 1,467%
Debt €2.61M ▼ 57.1%
Debt's share of the balance-sheet total falls from 23.9% to 0.9%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€106k▼
2024 · €1.12M
Cash flow
€6.57M▲
2024 · €5.91M
Current ratio
3.50▲
2024 · 1.43
Debt to equity
0.01▼
2024 · 0.31
ROE
2.1%▼
2024 · 30.3%
ROA
2.1%▼
2024 · 23.0%
Interest coverage
4.59▼
2024 · 37.39
Debt ≤ 1 year
€2.59M▼
2024 · €6.06M
Income taxes
€396▼
2024 · €647
Staff costs
€326k▼
2024 · €338k
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 · 2025 against 2024 · 69 lines
Balance sheet Code20242025
Assets
Total assets20/58€25.51M€306.85M▲
Fixed assets21/28€16.83M€297.80M▲
Tangible fixed assets22/27€120k€88k▼
Plant, machinery and equipment23€1k€605▼
Furniture and vehicles24€119k€87k▼
Financial fixed assets28€16.71M€297.71M▲
Affiliated companies280/1€16.68M€297.68M▲
Participating interests280€16.68M€297.68M▲
Other financial fixed assets284/8€32k€32k=
Amounts receivable and cash guarantees285/8€32k€32k=
Current assets29/58€8.67M€9.06M▲
Amounts receivable within one year40/41€5.45M€7.03M▲
Trade receivables40€496k€445k▼
Other amounts receivable41€4.95M€6.59M▲
Current investments50/53€1.40M€1.62M▲
Other investments51/53€1.40M€1.62M▲
Cash at bank and in hand54/58€1.68M€248k▼
Deferred charges and accrued income490/1€147k€159k▲
Equity and liabilities
Total equity and liabilities10/49€25.51M€306.85M▲
Equity10/15€19.42M€304.24M▲
Contributions10/11€645k€645k=
Revaluation surpluses12€291k€280.65M▲
Reserves13€18.48M€22.95M▲
Distributable reserves133€18.48M€22.95M▲
Amounts payable17/49€6.09M€2.61M▼
Amounts payable within one year42/48€6.06M€2.59M▼
Trade debts44€406k€426k▲
Suppliers440/4€406k€426k▲
Advances received on contracts in progress46€6k€6k=
Taxes, remuneration and social security45€217k€82k▼
Taxes450/3€187k€49k▼
Remuneration and social security454/9€30k€33k▲
Other amounts payable47/48€5.43M€2.08M▼
Accrued charges and deferred income492/3€30k€22k▼
Income statement Code20242025
Operating income70/76A€5.01M€4.88M▼
Turnover70€4.98M€4.87M▼
Other operating income74€13k€5k▼
Non-recurring operating income76A€14k-
Operating charges60/66A€3.93M€4.80M▲
Goods for resale, raw materials and consumables60€3k€17k▲
Purchases600/8€3k€17k▲
Services and other goods61€3.54M€4.43M▲
Remuneration, social security and pensions62€338k€326k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€32k▼
Other operating charges640/8€4k€3k▼
Operating profit (loss)9901€1.08M€74k▼
Financial income75/76B€5.30M€6.27M▲
Recurring financial income75€5.30M€5.94M▲
Income from financial fixed assets750€5.11M€5.78M▲
Income from current assets751€142k€154k▲
Other financial income752/9€52k€0▼
Non-recurring financial income76B-€335k
Financial charges65/66B€508k€-195k▼
Recurring financial charges65€508k€-195k▼
Debt charges650€30k€23k▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€476k€-219k▼
Other financial charges652/9€2k-
Profit (loss) for the period before taxes9903€5.87M€6.54M▲
Income taxes67/77€647€396▼
Taxes670/3€647€396▼
Profit (loss) for the period9904€5.87M€6.54M▲
Profit (loss) for the period to be appropriated9905€5.87M€6.54M▲
Appropriation of the result
Profit (loss) to be appropriated9906€5.87M€6.54M▲
Transfer to equity691/2€3.04M€4.46M▲
To other reserves6921€3.04M€4.46M▲
Profit to be distributed694/7€2.83M€2.08M▼
Return on contributions (dividend)694€1.73M€1.68M▼
Directors or managers695€1.10M€400k▼
Social balance
Average headcount (FTE)90873.02.9▼

The notes to these accounts (39 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line20212022202320242025Change
Operating income70/76A€627k€2.10M€4.38M€5.01M€4.88M▼ 2.6%
Turnover70€625k€1.99M€4.08M€4.98M€4.87M▼ 2.2%
Other operating income74€2k€18k€25k€13k€5k▼ 58.9%
Non-recurring operating income76A-€94k€273k€14k--
Operating charges60/66A€634k€2.30M€3.85M€3.93M€4.80M▲ 22.4%
Goods for resale, raw materials and consumables60€876€11k€10k€3k€17k▲ 521%
Purchases600/8€876€11k€10k€3k€17k▲ 521%
Services and other goods61€512k€1.73M€3.28M€3.54M€4.43M▲ 25.0%
Remuneration, social security and pensions62€116k€531k€536k€338k€326k▼ 3.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€14k€18k€39k€32k▼ 18.1%
Other operating charges640/8€309€16k€9k€4k€3k▼ 21.7%
Non-recurring operating charges66A-€500----
Operating profit (loss)9901€-8k€-204k€530k€1.08M€74k▼ 93.1%
Financial income75/76B€29k€7.31M€4.36M€5.30M€6.27M▲ 18.3%
Recurring financial income75€29k€7.31M€2.27M€5.30M€5.94M▲ 12.0%
Income from financial fixed assets750-€7.25M€2.07M€5.11M€5.78M▲ 13.3%
Income from current assets751€29k€58k€194k€142k€154k▲ 8.2%
Other financial income752/9---€52k€0▼ 100.0%
Non-recurring financial income76B--€2.09M-€335k-
Financial charges65/66B€6k€379k€-358k€508k€-195k▼ 138%
Recurring financial charges65€6k€379k€-358k€508k€-195k▼ 138%
Debt charges650€6k€18k-€30k€23k▼ 22.8%
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€359k€-359k€476k€-219k▼ 146%
Other financial charges652/9€204€2k€926€2k--
Profit (loss) for the period before taxes9903€15k€6.73M€5.24M€5.87M€6.54M▲ 11.3%
Income taxes67/77€5k€391€1k€647€396▼ 38.8%
Taxes670/3€5k€1k€1k€647€396▼ 38.8%
Tax adjustments and reversals of tax provisions77-€887----
Profit (loss) for the period9904€10k€6.73M€5.24M€5.87M€6.54M▲ 11.3%
Profit (loss) for the period to be appropriated9905€10k€6.73M€5.24M€5.87M€6.54M▲ 11.3%
Line20212022202320242025Change
Assets
Total assets20/58€20.89M€18.70M€21.89M€25.51M€306.85M▲ 1,103%
Fixed assets21/28€12.62M€12.68M€12.21M€16.83M€297.80M▲ 1,669%
Tangible fixed assets22/27€60k€84k€43k€120k€88k▼ 26.9%
Land and buildings22€31k€22k----
Plant, machinery and equipment23€2k€3k€2k€1k€605▼ 40.6%
Furniture and vehicles24€26k€58k€41k€119k€87k▼ 26.7%
Financial fixed assets28€12.56M€12.60M€12.16M€16.71M€297.71M▲ 1,681%
Affiliated companies280/1€12.53M€12.57M€12.13M€16.68M€297.68M▲ 1,684%
Participating interests280€12.53M€12.57M€12.13M€16.68M€297.68M▲ 1,684%
Other financial fixed assets284/8€32k€32k€32k€32k€32k=
Amounts receivable and cash guarantees285/8€32k€32k€32k€32k€32k=
Current assets29/58€8.27M€6.02M€9.69M€8.67M€9.06M▲ 4.4%
Amounts receivable within one year40/41€4.22M€4.10M€6.94M€5.45M€7.03M▲ 29.1%
Trade receivables40€358k€237k€475k€496k€445k▼ 10.2%
Other amounts receivable41€3.87M€3.86M€6.46M€4.95M€6.59M▲ 33.1%
Current investments50/53-€1.51M€1.87M€1.40M€1.62M▲ 15.6%
Other investments51/53-€1.51M€1.87M€1.40M€1.62M▲ 15.6%
Cash at bank and in hand54/58€3.97M€363k€676k€1.68M€248k▼ 85.2%
Deferred charges and accrued income490/1€73k€41k€198k€147k€159k▲ 8.4%
Equity and liabilities
Total equity and liabilities10/49€20.89M€18.70M€21.89M€25.51M€306.85M▲ 1,103%
Equity10/15€20.69M€16.26M€16.37M€19.42M€304.24M▲ 1,467%
Contributions10/11€645k€645k€645k€645k€645k=
Revaluation surpluses12€291k€291k€291k€291k€280.65M▲ 96,499%
Reserves13€19.75M€15.33M€15.44M€18.48M€22.95M▲ 24.2%
Distributable reserves133€19.75M€15.33M€15.44M€18.48M€22.95M▲ 24.2%
Amounts payable17/49€198k€2.44M€5.52M€6.09M€2.61M▼ 57.1%
Amounts payable within one year42/48€193k€2.43M€5.52M€6.06M€2.59M▼ 57.2%
Trade debts44€60k€276k€261k€406k€426k▲ 4.9%
Suppliers440/4€60k€276k€261k€406k€426k▲ 4.9%
Advances received on contracts in progress46€6k€6k€6k€6k€6k=
Taxes, remuneration and social security45€127k€104k€121k€217k€82k▼ 62.4%
Taxes450/3€56k€29k€42k€187k€49k▼ 74.1%
Remuneration and social security454/9€72k€75k€78k€30k€33k▲ 10.2%
Other amounts payable47/48-€2.05M€5.13M€5.43M€2.08M▼ 61.8%
Accrued charges and deferred income492/3€5k€5k-€30k€22k▼ 28.0%
Line20212022202320242025Change
Profit (loss) for the period9904€10k€6.73M€5.24M€5.87M€6.54M▲ 11.3%
+ Depreciation and write-downs630€5k€14k€18k€39k€32k▼ 18.1%
Operating cash flow (approximation)€15k€6.74M€5.26M€5.91M€6.57M▲ 11.2%
Investment in fixed assets (approximation)-€-78k€456k€-4.67M€-280.99M▼ 5,922%
Change in cash-€-3.61M€313k€1.00M€-1.43M▼ 243%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
09-09
State Gazette act Appointments: COMMUNICATING PEOPLE, ALEXANDER van RAVELS and Dirk De Pauw
Reappointments: WOVAK (director) and DDP MANAGEMENT (director) · Permanent representatives: Nicolas Bearelle, Alexander van Ravels and 2 others · Resignations: Coformaco Manage (director) and KOIBA (director)14 facts ▸
  • General meeting, 27-08-2026
  • Director appointment, COMMUNICATING PEOPLE (director)
  • Director appointment, ALEXANDER van RAVELS (director)
  • Declaration, handelingen die sinds 01/10/2025 door de voornoemde bestuurders tot op heden werden gesteld als bestuurder van de vennootschap, bevestiging van handelingen
  • Director reappointment, WOVAK (director)
  • Director reappointment, DDP MANAGEMENT (director)
  • Director appointment, Dirk De Pauw (chair of the board)
  • Permanent representative, Nicolas Bearelle (permanent representative)
  • Permanent representative, Alexander van Ravels (permanent representative)
  • Director resignation, Coformaco Manage (director)
  • Director resignation, KOIBA (director)
  • Permanent representative, Conny Vandendriessche (permanent representative)
  • +2 further facts in this act
16-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
16-07
NBB filing Annual accounts filed
fiscal year 2025 · consolidated
2025
31-12
Financial Liquidity doublescurrent ratio 3.50
Current ratio from 1.43 to 3.50; short-term debt falls from €6.06M to €2.59M.
31-12
Financial Equity above €250MEq €304.24M ▲1,467%
5 profitable years in a row build equity to €304.24M.
08-07
NBB filing Annual accounts filed
fiscal year 2024 · consolidated
23-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
02-07
NBB filing Annual accounts filed
fiscal year 2023 · consolidated
28-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
12-07
NBB filing Annual accounts filed
fiscal year 2022 · consolidated
27-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Highest result since 2021net €6.73M ▲68,031%
Net result €6.73M, the highest in the series.
27-06
NBB filing Annual accounts filed
fiscal year 2021 · consolidated
21-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts

Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
under verification, last change in 2026
This board is reconstructed from a single act (26359935). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
ALEXANDER van RAVELS
Director · since 01-10-2025 · Private limited company
Current
COMMUNICATING PEOPLE
Director · since 01-10-2025 · Private limited company · perm. rep.: Nicolas Bearelle
Current
DDP MANAGEMENT
Director · since 17-05-2025 · Private limited company
Current
WOVAK
Director · since 17-05-2025 · Private limited company
Current
17-05-2026 KOIBA: Resigned as Director
01-10-2025 ALEXANDER van RAVELS: Appointed as Director
01-10-2025 COMMUNICATING PEOPLE: Appointed as Director
17-05-2025 DDP MANAGEMENT: Mandate renewed as Director
17-05-2025 WOVAK: Mandate renewed as Director
Full history in the Timeline (6 changes) →
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Oostende · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
1.7 ha
Building footprint
2,735 m²
Parcel 35013A4616/00A000, Flanders. Linked by address, not a title deed.
19 companies at this address See who is registered here
1 establishment unit
VASTGOEDGROEP DEGROOTE
Leopold III-laan 1, 8400 OostendeReal estate development
since 20212.325.770.879
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
35013A4616/00A000 Flanders 1.7 ha 1 · 2,735 m² -
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.

Structure & network

Connections & network

8 connected companies
Linked via shared directors
Aartselaar Logistics
Shared corporate director
→
BALTISSE
Shared corporate director
→
Baltisse Real Estate
Shared corporate director
→
Show 4 more companies with a shared director
BOEVERIE
Shared corporate director
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Levantis Terra
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Montea Management
Shared corporate director
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PARK BUILDING
Shared corporate director
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Public money · subsidies and aid

Flemish government

2022 to 2024 · 3 entries · 14,456 EUR awarded · 14,456 EUR paid
Year Entries awardedpaid
2024 1 5,888 EUR5,888 EUR
2023 1 4,443 EUR6,033 EUR
2022 1 4,125 EUR2,535 EUR
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
3 entries · 14,456 EUR · 14,456 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Legal Entity Identifier

89450050X5UV1V72BX58
live in the LEI register

Similar companies · same sector, comparable size

Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 71 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
Founded16-12-2021
Fiscal year end31-12
Abbreviation NL VGDG
Activities, NACEBEL 2025
41001General construction of residential buildings
68121Development of residential building projects
63920Other information service activities
70200Business and other management consultancy
82990Other business support services
Contact
E-mail info@vastgoed-degroote.be
Phone +3259809191Oostende

Scores and ratios are computed by Checked and are not a credit decision.