GROENDRUK
ActiveGROENDRUK has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €175k and a net result of €40k. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 45% of 11200 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
94
/ 100
Excellent▲ +3 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+17
Solvency75▲+20
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 1.85 against 1.59 in 2024), but 64% 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○neutral
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
36%
Return on assets
8.3%
Age of the figures
8 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Sector 18
lower
← 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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
25 d late
2023
9 d late
2022
68 d early
2021
12 d late
2020
9 d late
2019
60 d late
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€175k▲ 30.0%
2024 · €135k
2018: €106k
2019: €122k
2020: €128k
2021: €111k
2022: €111k
2023: €113k
2024: €135k
2018 → 2025
Total assets
€488k▼ 2.5%
2024 · €501k
2018: €596k
2019: €650k
2020: €606k
2021: €608k
2022: €559k
2023: €476k
2024: €501k
2018 → 2025
Net result
€40k▲ 81.3%
2024 · €22k
2018: €17k
2019: €17k
2020: €5k
2021: €-16k
2022: €-267
2023: €1k
2024: €22k
2018 → 2025
Working capital
€85k▲ 8.1%
2024 · €79k
2018: €31k
2019: €33k
2020: €61k
2021: €53k
2022: €51k
2023: €53k
2024: €79k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€111k-€111k▼ 0.2%€113k▲ 1.3%€135k▲ 19.8%€175k▲ 30.0%
Operating result€-8k-€6k€10k▲ 71.7%€33k▲ 227%€64k▲ 94.6%
Net result€-16k-€-267▲ 98.3%€1k€22k▲ 1,428%€40k▲ 81.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 95% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €488k
Fixed assets
€302k▲ 4.7%
Current assets
€185k▼ 12.4%
Equity and liabilities €488k
Equity
€175k▲ 30.0%
Debt
€312k▼ 14.6%
The debt ratio falls from 73.0% to 64.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€122k▲
2024 · €87k
Cash flow
€98k▲
2024 · €77k
Solvency
36.0%▲
2024 · 27.0%
Current ratio
1.85▲
2024 · 1.59
Quick ratio
1.36▲
2024 · 1.28
Debt / equity
1.78▼
2024 · 2.71
ROE
23.1%▲
2024 · 16.5%
ROA
8.3%▲
2024 · 4.5%
Interest coverage
17.58▲
2024 · 13.41
Debt
€312k▼
2024 · €366k
Debt ≤ 1 year
€100k▼
2024 · €133k
Debt > 1 year
€212k▼
2024 · €233k
Income taxes
€18k▲
2024 · €5k
Staff costs
€52k▲
2024 · €49k
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€501k€488k▼
Fixed assets21/28€289k€302k▲
Intangible fixed assets21-€11k
Tangible fixed assets22/27€288k€291k▲
Land and buildings22€241k€239k▼
Plant, machinery and equipment23€22k€33k▲
Furniture and vehicles24€25k€19k▼
Financial fixed assets28€652€652=
Current assets29/58€212k€185k▼
Stocks and contracts in progress3€42k€49k▲
Stocks30/36€42k€49k▲
Amounts receivable within one year40/41€69k€60k▼
Trade receivables40€69k€60k▼
Other amounts receivable41€45€45=
Cash at bank and in hand54/58€93k€71k▼
Deferred charges and accrued income490/1€8k€5k▼
Equity and liabilities
Total equity and liabilities10/49€501k€488k▼
Equity10/15€135k€175k▲
Contributions10/11€19k€19k=
Reserves13€116k€157k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€115k€155k▲
Amounts payable17/49€366k€312k▼
Amounts payable after more than one year17€233k€212k▼
Financial debts170/4€233k€212k▼
Amounts payable within one year42/48€133k€100k▼
Current portion of amounts payable after more than one year42€47k€56k▲
Trade debts44€54k€23k▼
Suppliers440/4€54k€23k▼
Taxes, remuneration and social security45€18k€9k▼
Taxes450/3€8k€4k▼
Remuneration and social security454/9€9k€6k▼
Other amounts payable47/48€14k€11k▼
Income statement
Code20242025
Remuneration, social security and pensions62€49k€52k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54k€58k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€216€-125▼
Other operating charges640/8€804€1k▲
Non-recurring operating charges66A€18k-
Gross operating margin9900€155k€175k▲
Operating profit (loss)9901€33k€64k▲
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€7k€7k▲
Recurring financial charges65€7k€7k▲
Profit (loss) for the period before taxes9903€28k€59k▲
Income taxes67/77€5k€18k▲
Profit (loss) for the period9904€22k€40k▲
Profit (loss) for the period to be appropriated9905€22k€40k▲
Appropriation of the result
Profit (loss) to be appropriated9906€22k€40k▲
Transfer to equity691/2€22k€40k▲
To other reserves6921€22k€40k▲
The notes to these accounts (11 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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €40k ▲81.3%
Operating result €64k, net result €40k, both a record.
31-12
Financial
Equity above €150kEq €175k ▲30%
3 profitable years in a row build equity to €175k.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
31-12
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
31-12
Financial
Weakest financial yearnet €-16k ▼416%
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-05
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
3 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, Aalst · 1 establishment unit since 1995
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.
Onegem 979300 AalstGround area
937 m²
Building footprint
131 m²
Volume, LiDAR
83 m³
Parcel 41302C0076/00H000, Flanders · tallest building 3.7 m. Linked by address, not a title deed.
1 establishment unit
BOLTON COPY
since 19952.069.659.504
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41302C0076/00H000 | Flanders | 937 m² | 1 · 131 m² | 3.7 m |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 46,816 EUR awarded · 46,816 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 21,022 EUR | 21,022 EUR |
| 2024 | 2 | 8,536 EUR | 8,536 EUR |
| 2023 | 1 | 4,478 EUR | 4,478 EUR |
| 2022 | 2 | 12,780 EUR | 12,780 EUR |
Schemes
Individueel Maatwerk
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Recognitions · licences · registrations
Dual-learning approval
1 live approvalPrint en Sign operator duaal (so)
Similar companies · same sector, comparable size
IDEEFIX
BE 0449.478.697
Beernem · Eq €175k
WILVIC
BE 0860.987.737
Gembloux · Eq €176k
BELGIAN PRINT COMPANY
BE 0881.009.230
Vleteren · Eq €174k
DRUKKERIJ VERBEKE
BE 0444.424.306
Gent · Eq €174k
JACOBS PRINTING
BE 0754.864.787
Brugge · Eq €177k
Of 1,596 companies in sector 18120 we hold annual accounts for 804. 614 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-12-1994
Fiscal year end31-12
Activities, NACEBEL
18120Other printing
46492Wholesale trade
51475
47620Retail trade
47621Retail sale of newspapers and periodicals
52470
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.