GROVERBO
ActiveSummary
The computed 12-month bankruptcy probability of GROVERBO is 3.3% (moderate). The 2025 annual accounts show equity of €212,910 and a net result of €28,907. Equity has been growing by about 18% per year since 2018. Its solvency ranks better than 17% of 2,797 sector peers (NACE 41, financial year 2025). The company has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
Source: KBO- Status
- Active since 29-12-2015 Normal situation
- Activity
- General construction of residential buildings NACE 41001and 4 others
- Establishment unit
- 2.259.513.347 8511 Kortrijk, since 29-12-2015
- Financial year end
- 31 December
- Peppol
- Reachable
Financial position
- Bankruptcy probabilitywithin 12 months
- 3.3%
- Gross margin
- €628,979
- ▼ 7.8%
- Turnover
- ≈ €1.3m
- estimated
- Profit
- €28,907
- ▼ 5.5%
- Equity
- €212,910
- ▲ 15.7%
- Total assets
- €2.5m
- ▲ 12.6%
- Employees on 31-12-2025
- 6
- ▼ 40.0%
- 2025 accounts filed 20 days after the deadline
Score breakdownraises riskLast filed accounts filed 20 days late; 2 of the last 3 accounts lateSector: Construction of residential and non-residential buildings (NACE 41)Equity €212,910 (8.5% of total assets)Liquidity: current ratio 0.89, cash €39,859, halvedShow the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 17% of them on solvency, 23% on liquidity, 25% on profitability and 60% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 7 accounts on average 43 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
Key points
- Caution: Lower solvency than 82% of companies in construction of buildingssector median 38.6% · 2,797 companies 8.5% View
Recent changes
- · Gazette deed Registered office moved from Aalbeke to Bellegem
- · Gazette deed Resignation: Van Canneyt Tine (director)
- · Gazette deed Incorporation
Comparable companies
These companies have the same main activity as GROVERBO: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €1.7m and €3m, founded between 2013 and 2018.
| Company | Total assets | Gross margin |
|---|---|---|
| GROVERBO Kortrijk | €2.5m | €0.6m |
| ELTO GROUP Evergem | €2.8m | €0.8m |
| GTC BUILD Deerlijk | €3.0m | €0.8m |
| BOUWEN OP MAAT Wingene | €1.7m | €0.7m |
| Algemene Bouwonderneming Degra Langemark-Poelkapelle | €2.8m | €1.0m |
| SYBO Brugge | €2.9m | €0.5m |
| COFFRO GROUP Anderlecht | €2.2m | €0.5m |
Key facts about GROVERBO
- What is the company number of GROVERBO?
- The company number of GROVERBO is 0644.933.895. The VAT number is the same number with BE in front: BE 0644.933.895.
- Where is GROVERBO based?
- The registered office is at Meubelmakersdreef(Bel) 16, 8510 Kortrijk.Company details
- What does GROVERBO do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of GROVERBO?
- The legal form of GROVERBO is Private limited company (pre-2019) (BVBA).
- When was GROVERBO founded?
- GROVERBO was founded on 29-12-2015.
- Is GROVERBO still active?
- Yes, GROVERBO is an active enterprise in the KBO register.
- How many employees does GROVERBO have?
- GROVERBO had an average of 7.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of GROVERBO?
- The turnover in financial year 2025 is ≈ €1.3m. This figure is estimated from the gross margin of €628,979 and 30 comparable companies (NACE 41001). It probably lies between €1.1m and €2.0m.
- Is GROVERBO profitable?
- In financial year 2025, GROVERBO made a profit of €28,907.
- Where can I find the annual accounts of GROVERBO?
- GROVERBO filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GROVERBO due?
- GROVERBO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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