ACTIVE

Groterm

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Financial year 2025 · closed on 31/12/2025
Net result
114,8 k €
+410.8% YoY
Gross margin
1,4 M €
+8.0% YoY
Equity
1,3 M €
+4.1% YoY
Workforce
18,7 ETP
-6.0% YoY

What does Groterm do?

Groterm is a Private limited company incorporated in 1971. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Torhout. It employs on average 18,7 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0408.054.848
Incorporation
01/01/1971
Legal form
Private limited company
Registered office
Industrielaan 14
8820 Torhout · FlandreSee on map
Contributed capital
31 000,00 €
Latest accounts
31/12/2025
Average workforce
18,7 ETP
Activities (NACE)
43222Plumbing, heat and air-conditioning installation· main43222Plumbing, heat and air-conditioning installation45331Sale of motor vehicle parts and accessories43211Electrical installation43211Electrical installation43221Plumbing, heat and air-conditioning installation+3
Joint committees (3)
  • 124
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212018201720162015201420132012201120102009200820072006
Income statement
Gross margin1,4 M €1,3 M €1,4 M €1,3 M €1,2 M €1,3 M €1,2 M €999,2 k €929 k €1,1 M €1 M €1 M €1,1 M €1 M €898 k €670,3 k €728,4 k €752,9 k €
EBITDA128,7 k €-10,1 k €158,3 k €249 k €27,7 k €207,2 k €188,7 k €59 k €68,7 k €241,4 k €160,6 k €246 k €283 k €283,6 k €267 k €127,2 k €274,5 k €321,4 k €
Operating result107,5 k €-37,8 k €123,8 k €222,2 k €5,3 k €180,6 k €149,8 k €30,3 k €46,2 k €200,7 k €118,4 k €210 k €233,1 k €219 k €209,7 k €64,9 k €225,6 k €278,2 k €
Net result114,8 k €-36,9 k €128,3 k €168,8 k €20 k €157,3 k €136,1 k €39,9 k €73 k €197,5 k €112,3 k €190,2 k €209,8 k €213,4 k €194,5 k €78,8 k €171,4 k €193,3 k €
Balance sheet
Equity1,3 M €1,2 M €1,3 M €1,4 M €1,3 M €1,5 M €1,5 M €1,5 M €1,5 M €1,5 M €1,4 M €1,4 M €1,3 M €1,2 M €1,1 M €1 M €977,1 k €805,7 k €
Total assets1,6 M €1,5 M €1,7 M €1,9 M €1,7 M €2,2 M €2 M €1,8 M €1,9 M €2,3 M €2,2 M €2,2 M €1,9 M €2 M €1,8 M €1,3 M €1,5 M €1,3 M €
Cash559,1 k €426,8 k €466 k €389,6 k €267 k €514,5 k €280,7 k €347 k €397,6 k €720,2 k €744,6 k €920,9 k €794 k €956,6 k €649,1 k €73,8 k €401,9 k €470,9 k €
Debts305,9 k €281,2 k €417,8 k €480,2 k €366,7 k €667 k €503,4 k €305,1 k €375,6 k €792,3 k €740,9 k €817,4 k €549,9 k €765,2 k €653,2 k €237,3 k €551,3 k €451,7 k €
Other
Workforce18,7 ETP19,9 ETP20,7 ETP18,3 ETP23,0 ETP21,5 ETP19,6 ETP18,1 ETP17,5 ETP18,4 ETP17,4 ETP15,9 ETP17,1 ETP17,0 ETP14,7 ETP12,0 ETP11,1 ETP11,3 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

POLMAN

Director · 0880.043.881

Represented by Bart Pollet

Active

Ended mandates

POLMAN

Manager · since 01 janvier 2008 · 0880.043.881

Represented by Bart Pollet

Ended
POLMAN

Director · since 01 janvier 2008 · 0880.043.881

Represented by Pollet Bart

Ended
Bart POLLET

Manager

Ended
Pollet Bart

Manager · until 01 janvier 2008

Ended
At this address

Other companies at this address

CompanyCBE no.
BTW eenheid GPE● Active
1009.382.394
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date12/08/202624/06/202510/06/202414/07/202315/07/202219/07/2021
General meeting30/06/202630/05/202531/05/202430/06/202330/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202612/08/2026DutchPDF
Abridged model31/12/202430/05/202524/06/2025DutchPDF
Abridged model31/12/202331/05/202410/06/2024DutchPDF
Abridged model31/12/202230/06/202314/07/2023DutchPDF
Abridged model31/12/202130/06/202215/07/2022DutchPDF
Abridged model31/12/202030/06/202119/07/2021DutchPDF
Abridged model31/12/201930/06/202011/08/2020DutchPDF
Abridged model31/12/201824/04/201921/05/2019DutchPDF
Abridged model31/12/201729/06/201824/07/2018DutchPDF
Abridged model31/12/201629/06/201713/07/2017DutchPDF
Abridged model31/12/201529/06/201614/07/2016DutchPDF
Abridged model31/12/201429/06/201523/07/2015DutchPDF
Abridged model31/12/201328/06/201418/07/2014DutchPDF
Abridged model31/12/201229/06/201325/07/2013DutchPDF
Abridged model31/12/201129/06/201223/07/2012DutchPDF
Abridged model31/12/201015/06/201108/07/2011DutchPDF
Abridged model31/12/200928/06/201015/07/2010DutchPDF
Abridged model31/12/200826/06/200916/07/2009DutchPDF
Abridged model31/12/200727/06/200817/07/2008DutchPDF
Abridged model31/12/200606/06/200725/06/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

POLMAN

Director · 0880.043.881

Represented by Bart Pollet

Active

Ended mandates

POLMAN

Manager · since 01 janvier 2008 · 0880.043.881

Represented by Bart Pollet

Ended
POLMAN

Director · since 01 janvier 2008 · 0880.043.881

Represented by Pollet Bart

Ended
Bart POLLET

Manager

Ended
Pollet Bart

Manager · until 01 janvier 2008

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates30/01/2023
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/12/2007
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares21/04/2004
    ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025114,8 k €↑
  2. 2024
    Annual accounts 2024-36,9 k €↓
  3. 2023
    Annual accounts 2023128,3 k €↓
  4. 2022
    Annual accounts 2022168,8 k €↑
  5. 2021
    Annual accounts 202120 k €↓
  6. 2018
    Annual accounts 2018157,3 k €↑
  7. 2017
    Annual accounts 2017136,1 k €↑
  8. 2016
    Annual accounts 201639,9 k €↓
  9. 2015
    Annual accounts 201573 k €↓
  10. 2014
    Annual accounts 2014197,5 k €↑
  11. 2013
    Annual accounts 2013112,3 k €↓
  12. 2012
    Annual accounts 2012190,2 k €↓
  13. 2011
    Annual accounts 2011209,8 k €↓
  14. 2010
    Annual accounts 2010213,4 k €↑
  15. 2009
    Annual accounts 2009194,5 k €↑
  16. 2008
    Annual accounts 200878,8 k €↓
  17. 2007
    Annual accounts 2007171,4 k €↓
  18. 2006
    Annual accounts 2006193,3 k €
  19. 01/01/1971
    IncorporationPrivate limited company