Grundfos Bellux
ActiveGrundfos Bellux has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.14M and a net result of €2.24M. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 23% of 5989 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
69
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability73▼-15
Solvency44▼-2
Growth55▼-2
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €210k at 30 days acceptable
Liquidity tight (current ratio 1.31 against 1.27 in 2023; short-term debt: 71.9% and cash: 42.6% of total assets), and 81.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
18.5%
Return on assets
13.2%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 5989 sector peers (2024).
NBB · sector comparisonPosition among 5989 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
22 d early
2022
25 d early
2021
18 d late
2020
153 d late
2019
43 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€58.12M▼ 2.1%
2023 · €59.39M
2018: €43.01M
2019: €48.30M
2020: €46.65M
2021: €47.93M
2022: €55.02M
2023: €59.39M
2018 → 2024
EBIT margin
6.5%▼ 5.0pp
2023 · 11.5%
2018: 6.4%
2019: 7.8%
2020: 11.0%
2021: 9.6%
2022: 11.4%
2023: 11.5%
2018 → 2024
Net result
€2.24M▼ 49.4%
2023 · €4.43M
2018: €1.21M
2019: €1.93M
2020: €3.01M
2021: €2.44M
2022: €3.70M
2023: €4.43M
2018 → 2024
Working capital
€3.80M▲ 1.7%
2023 · €3.74M
2018: €4.21M
2019: €3.48M
2020: €3.43M
2021: €3.48M
2022: €3.54M
2023: €3.74M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€46.65M-€47.93M▲ 2.8%€55.02M▲ 14.8%€59.39M▲ 7.9%€58.12M▼ 2.1%
Equity€3.69M-€3.63M▼ 1.6%€3.77M▲ 3.7%€3.90M▲ 3.6%€3.14M▼ 19.5%
Operating result€5.12M-€4.60M▼ 10.1%€6.26M▲ 36.0%€6.80M▲ 8.7%€3.77M▼ 44.5%
Net result€3.01M-€2.44M▼ 19.0%€3.70M▲ 51.6%€4.43M▲ 19.7%€2.24M▼ 49.4%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 45% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €16.93M
Fixed assets
€959k▼ 14.4%
Current assets
€15.97M▼ 8.0%
Equity and liabilities €16.93M
Equity
€3.14M▼ 19.5%
Provisions
€1.62M▲ 68.9%
Debt
€12.17M▼ 10.6%
The debt ratio falls from 73.7% to 71.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€3.93M▼
2023 · €6.93M
Cash flow
€2.40M▼
2023 · €4.55M
Solvency
18.5%▼
2023 · 21.1%
Current ratio
1.31▲
2023 · 1.27
Quick ratio
1.31▲
2023 · 1.27
Debt / equity
3.88▲
2023 · 3.49
ROE
71.3%▼
2023 · 113.5%
ROA
13.2%▼
2023 · 24.0%
Interest coverage
506.83▼
2023 · 759.61
Debt
€12.17M▼
2023 · €13.62M
Debt ≤ 1 year
€12.17M▼
2023 · €13.62M
Income taxes
€913k▼
2023 · €1.60M
Staff costs
€9.14M▲
2023 · €8.53M
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€18.48M€16.93M▼
Fixed assets21/28€1.12M€959k▼
Tangible fixed assets22/27€1.12M€959k▼
Land and buildings22€982k€890k▼
Plant, machinery and equipment23€14k€15k▲
Furniture and vehicles24€41k€13k▼
Other tangible fixed assets26€31k€22k▼
Assets under construction and advance payments27€52k€20k▼
Current assets29/58€17.36M€15.97M▼
Stocks and contracts in progress3€72k€62k▼
Stocks30/36€72k€62k▼
Raw materials and consumables30/31€72k€62k▼
Amounts receivable within one year40/41€9.07M€8.63M▼
Trade receivables40€8.83M€7.93M▼
Other amounts receivable41€240k€702k▲
Cash at bank and in hand54/58€8.20M€7.22M▼
Deferred charges and accrued income490/1€20k€58k▲
Equity and liabilities
Total equity and liabilities10/49€18.48M€16.93M▼
Equity10/15€3.90M€3.14M▼
Contributions10/11€372k€372k=
Capital10€372k€372k=
Issued capital100€372k€372k=
Reserves13€1.06M€1.06M=
Non-distributable reserves130/1€43k€43k=
Legal reserve130€37k€37k=
Reserves not available under the articles1311€6k€6k=
Tax-exempt reserves132€75k€75k=
Distributable reserves133€946k€946k=
Profit (loss) carried forward14€2.46M€1.70M▼
Provisions and deferred taxes16€961k€1.62M▲
Provisions for liabilities and charges160/5€961k€1.62M▲
Major repairs and maintenance162€961k€948k▼
Other liabilities and charges164/5-€675k
Amounts payable17/49€13.62M€12.17M▼
Amounts payable within one year42/48€13.62M€12.17M▼
Trade debts44€5.75M€6.41M▲
Suppliers440/4€5.75M€6.41M▲
Advances received on contracts in progress46€30k€5k▼
Taxes, remuneration and social security45€3.47M€2.60M▼
Taxes450/3€1.81M€1.04M▼
Remuneration and social security454/9€1.67M€1.56M▼
Other amounts payable47/48€4.36M€3.16M▼
Income statement
Code20232024
Operating income70/76A€59.53M€60.71M▲
Turnover70€59.39M€58.12M▼
Other operating income74€139k€2.59M▲
Operating charges60/66A€52.72M€56.94M▲
Goods for resale, raw materials and consumables60€41.36M€43.30M▲
Purchases600/8€41.33M€43.29M▲
Change in stocks: decrease (increase)609€24k€18k▼
Services and other goods61€2.63M€3.34M▲
Remuneration, social security and pensions62€8.53M€9.14M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€125k€160k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-64k€140k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€24k€662k▲
Other operating charges640/8€127k€72k▼
Non-recurring operating charges66A€2k€126k▲
Operating profit (loss)9901€6.80M€3.77M▼
Financial income75/76B€411k€420k▲
Recurring financial income75€411k€420k▲
Other financial income752/9€411k€420k▲
Financial charges65/66B€1.19M€1.04M▼
Recurring financial charges65€1.19M€1.04M▼
Debt charges650€9k€8k▼
Other financial charges652/9€1.18M€1.03M▼
Profit (loss) for the period before taxes9903€6.03M€3.15M▼
Income taxes67/77€1.60M€913k▼
Taxes670/3€1.60M€920k▼
Tax adjustments and reversals of tax provisions77-€7k
Profit (loss) for the period9904€4.43M€2.24M▼
Profit (loss) for the period to be appropriated9905€4.43M€2.24M▼
Appropriation of the result
Profit (loss) to be appropriated9906€6.76M€4.70M▼
Profit (loss) brought forward from the previous period14P€2.33M€2.46M▲
Profit to be distributed694/7€4.29M€3.00M▼
Return on contributions (dividend)694€4.20M€3.00M▼
Employees696€94k€0▼
Social balance
Average headcount (FTE)908771.876.6▲
The notes to these accounts (69 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €4.43M ▲19.7%
Operating result €6.80M, net result €4.43M, both a record.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 18 days late
2021
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 153 days late
2020
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
17-04
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
23 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, Kontich · 1 establishment unit since 1977
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.
Groeningenlei 742550 KontichGround area
3,556 m²
Building footprint
823 m²
Volume, LiDAR
1,434 m³
Parcel 11024B0474/00C000, Flanders · tallest building 12.2 m. Linked by address, not a title deed.
1 establishment unit
NV GRUNDFOS BELLUX SA
since 19772.012.805.230
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024B0474/00C000 | Flanders | 3,556 m² | 1 · 823 m² | 12.2 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 · 5 entries · 27,316 EUR awarded · 27,316 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 5,560 EUR | 5,560 EUR |
| 2024 | 1 | 7,425 EUR | 7,425 EUR |
| 2023 | 1 | 6,423 EUR | 6,423 EUR |
| 2022 | 2 | 7,908 EUR | 7,908 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Vlaams opleidingsverlof (VOV)
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Of 828 companies in sector 46620 we hold annual accounts for 642. 416 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-08-1976
Fiscal year end31-12
Activities, NACEBEL
46620Wholesale of machine tools
46643Wholesale of electrical equipment, including installation materials
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.