GROENHOVE-TORHOUT
ActiveGROENHOVE-TORHOUT has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €360k and a net result of €26k. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 69% of 890 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▲+2
Solvency79▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.94 against 0.77 in 2024; short-term debt: 24.6% and cash: 3.4% of total assets), and 45.5% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sector 93
lower
← 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
54.5%
Return on assets
3.9%
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 23-03-2026, 130 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
130 d early
2024
36 d early
2023
42 d early
2022
55 d early
2021
41 d early
2020
38 d early
2019
57 d early
← 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€360k▲ 7.7%
2024 · €334k
2018: €268k
2019: €274k
2020: €266k
2021: €287k
2022: €302k
2023: €317k
2024: €334k
2018 → 2025
Total assets
€661k▼ 6.6%
2024 · €708k
2018: €730k
2019: €696k
2020: €738k
2021: €726k
2022: €683k
2023: €722k
2024: €708k
2018 → 2025
Net result
€26k▲ 48.5%
2024 · €17k
2018: €12
2019: €10k
2020: €-4k
2021: €25k
2022: €19k
2023: €18k
2024: €17k
2018 → 2025
Working capital
€-9k▲ 78.1%
2024 · €-41k
2018: €-39k
2019: €-10k
2020: €-26k
2021: €-10k
2022: €-694
2023: €-24k
2024: €-41k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€287k-€302k▲ 5.2%€317k▲ 4.9%€334k▲ 5.5%€360k▲ 7.7%
Operating result€27k-€27k▲ 1.7%€30k▲ 7.6%€36k▲ 20.4%€41k▲ 14.0%
Net result€25k-€19k▼ 25.4%€18k▼ 3.5%€17k▼ 4.0%€26k▲ 48.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 14% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €661k
Fixed assets
€508k▼ 10.9%
Current assets
€154k▲ 11.3%
Equity and liabilities €661k
Equity
€360k▲ 7.7%
Provisions
€8k▲ 53.7%
Debt
€293k▼ 20.5%
The debt ratio falls from 52.0% to 44.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€108k▲
2024 · €102k
Cash flow
€93k▲
2024 · €84k
Solvency
54.5%▲
2024 · 47.2%
Current ratio
0.94▲
2024 · 0.77
Quick ratio
0.85▲
2024 · 0.68
Debt / equity
0.81▼
2024 · 1.10
ROE
7.2%▲
2024 · 5.2%
ROA
3.9%▲
2024 · 2.5%
Interest coverage
11.72▲
2024 · 9.15
Debt
€293k▼
2024 · €368k
Debt ≤ 1 year
€163k▼
2024 · €179k
Debt > 1 year
€130k▼
2024 · €189k
Income taxes
€9k▲
2024 · €5k
Staff costs
€49k▼
2024 · €50k
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€708k€661k▼
Fixed assets21/28€570k€508k▼
Tangible fixed assets22/27€569k€507k▼
Land and buildings22€459k€426k▼
Plant, machinery and equipment23€55k€43k▼
Furniture and vehicles24€55k€38k▼
Financial fixed assets28€543€543=
Current assets29/58€138k€154k▲
Stocks and contracts in progress3€16k€15k▼
Stocks30/36€16k€15k▼
Amounts receivable within one year40/41€12k€12k▼
Trade receivables40€5k€5k▼
Other amounts receivable41€7k€7k▲
Current investments50/53€90k€98k▲
Cash at bank and in hand54/58€19k€23k▲
Deferred charges and accrued income490/1€715€6k▲
Equity and liabilities
Total equity and liabilities10/49€708k€661k▼
Equity10/15€334k€360k▲
Contributions10/11€112k€112k=
Revaluation surpluses12€46k€42k▼
Reserves13€175k€205k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€22k€33k▲
Distributable reserves133€152k€171k▲
Profit (loss) carried forward14€2k€2k=
Provisions and deferred taxes16€5k€8k▲
Deferred taxes168€5k€8k▲
Amounts payable17/49€368k€293k▼
Amounts payable after more than one year17€189k€130k▼
Financial debts170/4€189k€130k▼
Amounts payable within one year42/48€179k€163k▼
Current portion of amounts payable after more than one year42€58k€59k▲
Financial debts43€2k€2k▼
Credit institutions430/8€2k€2k▼
Trade debts44€54k€33k▼
Suppliers440/4€54k€33k▼
Taxes, remuneration and social security45€18k€22k▲
Taxes450/3€12k€15k▲
Remuneration and social security454/9€6k€7k▲
Other amounts payable47/48€47k€47k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€50k€49k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€67k€67k▲
Other operating charges640/8€14k€15k▲
Gross operating margin9900€166k€171k▲
Operating profit (loss)9901€36k€41k▲
Financial income75/76B€561€7k▲
Recurring financial income75€561€651▲
Non-recurring financial income76B€0€6k▲
Financial charges65/66B€11k€9k▼
Recurring financial charges65€11k€9k▼
Profit (loss) for the period before taxes9903€25k€38k▲
Transfer from deferred taxes780€1k€1k▲
Transfer to deferred taxes680€3k€4k▲
Income taxes67/77€5k€9k▲
Profit (loss) for the period9904€17k€26k▲
Transfer from tax-exempt reserves789€9k€10k▲
Transfer to tax-exempt reserves689€13k€17k▲
Profit (loss) for the period to be appropriated9905€13k€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€15k€20k▲
Profit (loss) brought forward from the previous period14P€2k€2k=
Transfer to equity691/2€13k€19k▲
To other reserves6921€13k€19k▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (24 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
23-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €26k ▲48.5%
Operating result €41k, net result €26k, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-4k ▼143%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
04-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-07
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, Torhout · 1 establishment unit since 1993
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.
Bosdreef 88820 TorhoutGround area
6,920 m²
Building footprint
116 m²
Volume, LiDAR
526 m³
Parcel 31522D0301/00R000, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GROENHOVE
since 19932.049.224.671
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31522D0301/00R000 | Flanders | 6,920 m² | 1 · 116 m² | 6.6 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteTorhout2.049.224.671
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Of 3,292 companies in sector 93110 we hold annual accounts for 1,492. 1,070 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded25-07-1990
Fiscal year end31-12
Activities, NACEBEL
93110Operation of sports facilities
01430Raising of horses and other equines
46231Wholesale of live animals
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
85510Sports and recreation education
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.