GROENINCKX
GROENINCKX has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €85k and a net result of €-36k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 79% of 1769 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
| Equity | €85k |
| Net result | €-36k |
| Better than sector | 79% |
| Active | 32 yrs |
Mixed profile: strong on solvency, weaker on profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 67.7% | 40.1% | |
| Net result | €-36k | €28k | |
| Equity | €85k | €310k | |
| Gross operating margin | €-16k | €465k | |
| Total assets | €125k | €871k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €-18k | €6k | €96k | €74k | €94k |
| Net profit | €-36k | €-11k | €26k | €16k | €42k |
| Cash flow | €-20k | €3k | €82k | €63k | €82k |
| Staff costs | - | - | - | - | - |
| Income taxes | €209 | €201 | €12k | €7k | €8k |
| Dividends | - | €5k | - | - | €10k |
| Total assets | €125k | €189k | €253k | €268k | €279k |
| Equity | €85k | €121k | €137k | €111k | €96k |
| Debt | €40k | €68k | €115k | €157k | €183k |
| of which ≤ 1y | €24k | €41k | €62k | €64k | €67k |
| of which > 1y | €17k | €27k | €54k | €93k | €116k |
| Working capital | €73k | €119k | €105k | €67k | €63k |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 4.04 | 3.89 | 2.71 | 2.04 | 1.94 |
| Quick ratio | 4.04 | 3.89 | 2.71 | 2.04 | 1.94 |
| Working capital ratio | 58.1% | 62.8% | 41.5% | 24.8% | 22.6% |
| Solvency | 67.7% | 64.1% | 54.4% | 41.5% | 34.3% |
| Debt / equity | 0.48 | 0.56 | 0.84 | 1.41 | 1.92 |
| Long-term debt ratio | 0.19 | 0.22 | 0.39 | 0.83 | 1.22 |
| Interest coverage | -7.96 | 2.26 | 32.06 | 23.15 | 24.19 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -29.0% | -6.0% | 10.3% | 5.8% | 15.0% |
| ROE | -42.9% | -9.4% | 18.9% | 14.1% | 43.8% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €125k | €189k | €253k | €268k | €279k |
| Fixed assets | 21/28 | €28k | €29k | €86k | €137k | €149k |
| Intangible fixed assets | 21 | - | - | - | €7k | €14k |
| Tangible fixed assets | 22/27 | €28k | €28k | €85k | €129k | €134k |
| Financial fixed assets | 28 | €907 | €907 | €907 | €907 | €907 |
| Current assets | 29/58 | €97k | €160k | €166k | €131k | €130k |
| Amounts receivable within one year | 40/41 | €37k | €82k | €106k | €97k | €91k |
| Cash & bank | 54/58 | €39k | €75k | €59k | €31k | €34k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €125k | €189k | €253k | €268k | €279k |
| Equity | 10/15 | €85k | €121k | €137k | €111k | €96k |
| Contributions / capital | 10/11 | €31k | €31k | €31k | €31k | €31k |
| Reserves | 13 | €75k | €75k | €80k | €54k | €38k |
| Accumulated profits (losses) | 14 | €-21k | €15k | €27k | €27k | €26k |
| Amounts payable | 17/49 | €40k | €68k | €115k | €157k | €183k |
| Amounts payable after one year | 17 | €17k | €27k | €54k | €93k | €116k |
| Amounts payable within one year | 42/48 | €24k | €41k | €62k | €64k | €67k |
| Trade debts payable within one year | 44 | €5k | €5k | €11k | €10k | €15k |
| Income statement | ||||||
| Gross operating margin | 9900 | €-16k | €12k | €104k | €84k | €104k |
| Operating result | 9901 | €-34k | €-9k | €41k | €26k | €54k |
| Financial income | 75 | €98 | €185 | €75 | €0 | - |
| Financial charges | 65 | €2k | €3k | €3k | €3k | €4k |
| Result before taxes | 9903 | €-36k | €-11k | €38k | €23k | €50k |
| Income taxes | 67/77 | €209 | €201 | €12k | €7k | €8k |
| Net result for the period | 9904 | €-36k | €-11k | €26k | €16k | €42k |
| Result to be appropriated | 9905 | €-36k | €-11k | €26k | €16k | €42k |
-
GROENINCKX Karel PaulDirectorState Gazette act 23464757 (20-12-2023)Current20-12-2023 → present
2 events
- 20-12-2023 Resigned· Manager
- 20-12-2023 Appointed· Director
| NACE primary | Freight transport by road(49410) |
| Legal form | Private limited company(610) |
| Incorporation | 12-03-1994 |
| Status | Active |
| Postal code | 1820 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23051C0117/00W002 | Flanders | 610 m² | 1 · 129 m² | 10.1 m · 2 fl. |
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.
20-12-2023 1 director appointed, 1 resigning
- GROENINCKX Karel Paul, Bestuurder
- GROENINCKX Karel Paul, Zaakvoerder
Technical details
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}| Legal nameNL | GROENINCKX |