ACTIVE

GROWER

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Financial year 2025 · closed on 31/12/2025

Net result

60 k €

+98.2% YoY

Gross margin

102,6 k €

-30.2% YoY

Equity

409,9 k €

+17.1% YoY

What does GROWER do?

GROWER is a Private limited company incorporated in 1990. Its registered office is in Ixelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0440.581.423

Incorporation

05/06/1990

Legal form

Private limited company

Registered office

Avenue Louise 54
1050 Ixelles · BruxellesSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	102,6 k €	-30.2%	147,1 k €	+92.1%	76,6 k €	-33.1%	114,5 k €	-19.1%	141,5 k €	+7.1%	132,1 k €	+115%	61,4 k €	+28.1%	47,9 k €	+177%	17,3 k €	-8.9%	19 k €	+739%	2,3 k €	+145%	-5,1 k €	-459%	1,4 k €	+165%	-2,2 k €	-112%	17,6 k €	+1.4%	17,3 k €	+321%	-7,8 k €	-199%	7,9 k €	+237%	-5,8 k €	-26.6%	-4,6 k €
EBITDA	101,5 k €	-30.7%	146,4 k €	+93.4%	75,7 k €	-33.2%	113,4 k €	-14.7%	132,8 k €	+1.2%	131,3 k €	+118%	60,2 k €	+28.7%	46,8 k €	+311%	11,4 k €	-37.1%	18,1 k €	+1542%	1,1 k €	+118%	-6,1 k €	-966%	702,3 €	+124%	-2,9 k €	-127%	10,9 k €	-11.7%	12,4 k €	+234%	-9,3 k €	-226%	7,4 k €	+214%	-6,4 k €	-29.7%	-5 k €
Operating result	87,2 k €	-39.2%	143,3 k €	+97.4%	72,6 k €	-34.4%	110,6 k €	-12.1%	125,8 k €	+0.8%	124,8 k €	+129%	54,4 k €	+34.4%	40,5 k €	+577%	6 k €	-65.9%	17,5 k €	+62987%	-27,9 €	+99.6%	-7,2 k €	-784%	-815,8 €	+84.8%	-5,4 k €	-166%	8,1 k €	+19.4%	6,8 k €	+149%	-13,9 k €	-1168%	1,3 k €	+116%	-8,4 k €	+14.2%	-9,8 k €
Net result	60 k €	+98.2%	30,3 k €	-32.5%	44,8 k €	-42.5%	77,9 k €	-13.9%	90,5 k €	+5.4%	85,9 k €	+94.1%	44,3 k €	+62.3%	27,3 k €	+2351%	1,1 k €	-92.3%	14,5 k €	+2864%	-524,2 €	+93.0%	-7,5 k €	-473%	-1,3 k €	+76.6%	-5,5 k €	-172%	7,7 k €	+19.6%	6,4 k €	+145%	-14,2 k €	-277%	-3,8 k €	+62.9%	-10,2 k €	-17.8%	-8,6 k €
Balance sheet
Equity	409,9 k €	+17.1%	349,9 k €	+9.5%	319,7 k €	+16.3%	274,9 k €	+39.5%	197 k €	+85.0%	106,5 k €	+417%	20,6 k €	-3.5%	21,3 k €	+3.7%	20,6 k €	+147%	8,3 k €	+235%	-6,2 k €	-9.3%	-5,6 k €	-411%	1,8 k €	-41.8%	3,1 k €	-64.0%	8,7 k €	+772%	993,9 €	+118%	-5,4 k €	-162%	8,8 k €	-30.0%	12,6 k €	-44.7%	22,7 k €
Total assets	476 k €	+23.9%	384,2 k €	+10.9%	346,3 k €	+4.7%	330,8 k €	+27.8%	258,8 k €	+30.6%	198,1 k €	+20.4%	164,5 k €	-15.7%	195,1 k €	+72.5%	113,1 k €	+23.1%	91,9 k €	+343%	20,8 k €	+169%	7,7 k €	+27.0%	6,1 k €	-53.4%	13 k €	-40.5%	21,9 k €	-15.2%	25,8 k €	+24.0%	20,8 k €	-27.4%	28,7 k €	+10.7%	25,9 k €	-55.5%	58,2 k €
Cash	299,7 k €	+14.3%	262,1 k €	+33.3%	196,6 k €	+1.5%	193,8 k €	+95.9%	98,9 k €	-18.2%	120,9 k €	+167%	45,3 k €	-60.4%	114,4 k €	+225%	35,2 k €	-27.1%	48,3 k €	+1900%	2,4 k €		–		–		346,5 €	-87.9%	2,9 k €	-47.9%	5,5 k €	-15.3%	6,5 k €	+678%	834,4 €	-57.8%	2 k €	-57.5%	4,6 k €
Debts	66 k €	+92.9%	34,2 k €	+28.4%	26,7 k €	-52.3%	55,9 k €	-9.5%	61,8 k €	-32.5%	91,6 k €	-36.4%	143,9 k €	-16.2%	171,7 k €	+88.1%	91,3 k €	+9.2%	83,5 k €	+210%	26,9 k €	+102%	13,4 k €	+213%	4,3 k €	-56.8%	9,9 k €	-25.6%	13,3 k €	-46.2%	24,6 k €	-3.5%	25,5 k €	+28.2%	19,9 k €	+49.1%	13,4 k €	-62.3%	35,5 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 10 ended

Active mandates

Menno DELLISSE

Director

Active

Ended mandates

Menno DELISSE

Manager · since 08 novembre 2016

Ended

MENNO DELLISSE

Manager · since 08 novembre 2016

Ended

Alain VANDEN BERGHE

Director

Ended

Caroline STYNS

Administrator - manager

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/07/2026	29/07/2025	27/08/2024	06/07/2023	29/08/2022	27/08/2021
General meeting	30/06/2026	30/06/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	30/07/2026	French	PDF
Micro model	31/12/2024	30/06/2025	29/07/2025	French	PDF
Micro model	31/12/2023	31/05/2024	27/08/2024	French	PDF
Micro model	31/12/2022	26/05/2023	06/07/2023	French	PDF
Micro model	31/12/2021	27/05/2022	29/08/2022	French	PDF
Micro model	31/12/2020	28/05/2021	27/08/2021	French	PDF
Micro model	31/12/2019	08/09/2020	05/10/2020	French	PDF
Abridged model	31/12/2018	29/05/2019	29/06/2019	French	PDF
Abridged model	31/12/2017	28/05/2018	25/07/2018	French	PDF
Abridged model	31/12/2016	26/05/2017	12/06/2017	French	PDF
Abridged model	31/12/2015	04/06/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	06/06/2015	08/08/2015	French	PDF
Abridged model	31/12/2013	07/06/2014	26/08/2014	French	PDF
Abridged model	31/12/2012	01/06/2013	22/07/2013	French	PDF
Abridged model	31/12/2011	02/06/2012	16/08/2012	French	PDF
Abridged model	31/12/2010	04/06/2011	17/08/2011	French	PDF
Abridged model	31/12/2009	05/06/2010	11/08/2010	French	PDF
Abridged model	31/12/2008	06/06/2009	28/08/2009	French	PDF
Abridged model	31/12/2007	07/06/2008	25/08/2008	French	PDF
Abridged model	31/12/2006	02/06/2007	29/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 10 ended

Active mandates

Menno DELLISSE

Director

Active

Ended mandates

Menno DELISSE

Manager · since 08 novembre 2016

Ended

MENNO DELLISSE

Manager · since 08 novembre 2016

Ended

Alain VANDEN BERGHE

Director

Ended

Caroline STYNS

Administrator - manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office18/11/2024
SIEGE SOCIAL
PDF
Registered office26/02/2021
SIEGE SOCIAL
PDF
Mandates23/01/2020
MODIFICATION FORME JURIDIQUE - DENOMINATION - DEMISSIONS, NOMINATIONS
PDF
Registered office30/10/2017
SIEGE SOCIAL
PDF
Mandates08/11/2016
DENOMINATION - OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Mandates08/02/2013
DEMISSIONS, NOMINATIONS
PDF
Registered office29/04/2009
SIEGE SOCIAL
PDF
Mandates23/08/2007
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
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

2025
Annual accounts 202560 k €↑
2024
Annual accounts 202430,3 k €↓
2023
Annual accounts 202344,8 k €↓
2022
Annual accounts 202277,9 k €↓
2021
Annual accounts 202190,5 k €↑
2020
Annual accounts 202085,9 k €↑
2019
Annual accounts 201944,3 k €↑
2018
Annual accounts 201827,3 k €↑
2017
Annual accounts 20171,1 k €↓
2016
Annual accounts 201614,5 k €↑
2015
Annual accounts 2015-524,2 €↑
2014
Annual accounts 2014-7,5 k €↓
2013
Annual accounts 2013-1,3 k €↑
2012
Annual accounts 2012-5,5 k €↓
2011
Annual accounts 20117,7 k €↑
2010
Annual accounts 20106,4 k €↑
2009
Annual accounts 2009-14,2 k €↓
2008
Annual accounts 2008-3,8 k €↑
2007
Annual accounts 2007-10,2 k €↓
2006
Annual accounts 2006-8,6 k €
05/06/1990
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

GROWER

Overview

What does GROWER do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline