ACTIVE

GROHE

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Financial year 2025 · closed on 31/03/2025
Net result
1 M €
-11.5% YoY
Revenue
37,9 M €
+6.9% YoY
Equity
2,3 M €
-1.0% YoY
Workforce
41,7 ETP
-11.1% YoY

What does GROHE do?

GROHE is a Public limited company incorporated in 1991. Its main activity is: Wholesale of wood, construction materials and sanitary equipment. Its registered office is in Zaventem. It employs on average 41,7 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0445.870.594
Incorporation
09/12/1991
Legal form
Public limited company
Registered office
Leuvensesteenweg 369
1932 Zaventem · FlandreSee on map
Contributed capital
1 983 148,00 €
Latest accounts
31/03/2025
Average workforce
41,7 ETP
Activities (NACE)
46736Wholesale of wood, construction materials and sanitary equipment· main46742Wholesale of hardware, plumbing and heating equipment and supplies46836Wholesale trade, except of motor vehicles and motorcycles46842Wholesale trade, except of motor vehicles and motorcycles51532Air transport51542Air transport+3
Joint committees (4)
  • 14904
  • 194.04
  • 200
  • 218
Signals
ProfitableLow riskPositive cashflowPositive EBITDAHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172016201520142013201220112009200820072006
Income statement
Revenue37,9 M €35,4 M €43,5 M €47,8 M €42,9 M €45,2 M €41,9 M €50,7 M €47,3 M €13,2 M €41,5 M €43,4 M €46,2 M €48,6 M €47,9 M €43,1 M €46,6 M €44,4 M €39,3 M €
EBITDA2,7 M €2,5 M €4,7 M €3,2 M €2,8 M €2,9 M €3,6 M €5 M €3,2 M €853,4 k €3,2 M €2,4 M €1,3 M €2,7 M €3,5 M €2,6 M €1,7 M €2,8 M €1,2 M €
Operating result2,3 M €2,5 M €3,8 M €2,9 M €2,7 M €2,6 M €3,5 M €5 M €3 M €1 M €3 M €2,3 M €1,2 M €2,6 M €3,3 M €2,6 M €1,5 M €2,8 M €1 M €
Net result1 M €1,1 M €1,7 M €1 M €885,2 k €852,7 k €1,5 M €2,2 M €1,1 M €430,2 k €1,2 M €690,2 k €77,3 k €874,4 k €1,5 M €1,2 M €577 k €1,3 M €294,7 k €
Balance sheet
Equity2,3 M €2,4 M €2,4 M €2,4 M €2,4 M €2,6 M €2,2 M €2,2 M €2,2 M €2,8 M €2,3 M €2,4 M €2,4 M €2,3 M €2,3 M €2,3 M €2,2 M €2,2 M €2,5 M €
Total assets10,9 M €11,5 M €12,5 M €13,7 M €13 M €11,8 M €10,4 M €14,7 M €11,1 M €11,8 M €8,1 M €8,2 M €7,9 M €9,5 M €9,1 M €6,8 M €7,8 M €8,7 M €8,7 M €
Cash–2,4 k €20,7 k €29,6 k €39,6 k €2,2 M €2,2 M €8,8 M €6,7 M €5,6 M €3,8 M €4,8 M €4,1 M €6,2 M €6,3 M €4,6 M €4,8 M €5,8 M €2,5 M €
Debts8,5 M €9 M €10 M €11 M €10,3 M €9 M €7,9 M €12,5 M €8,8 M €9 M €5,8 M €5 M €4,1 M €7 M €6,8 M €4,6 M €5,5 M €6,4 M €6,1 M €
Other
Workforce41,7 ETP46,9 ETP45,9 ETP47,1 ETP44,2 ETP40,0 ETP38,2 ETP38,0 ETP36,3 ETP34,7 ETP34,7 ETP31,6 ETP28,7 ETP29,5 ETP33,7 ETP33,0 ETP33,6 ETP32,5 ETP32,7 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/03/2025 · 3 active · 29 ended

Active mandates

Adam Edward BRYSON

Director · since 29 août 2023 · until 29 août 2029

Active
Koen HOUBEN

Director · since 15 octobre 2019 · until 25 août 2025

Active
Stéphane CASSIMAN

Managing director · since 05 juillet 2019 · until 25 août 2025

Active

Ended mandates

Per Olof Jonas PERSSON BRENNWALD

Director · since 15 octobre 2019 · until 25 août 2025

Ended
Ger VAN DER LINDEN

Managing director · since 25 janvier 2019 · until 15 octobre 2019

Ended
Ger VAN DER LINDEN

Managing director · since 25 janvier 2019 · until 25 août 2025

Ended
Michael Rauterkus

Director · since 23 novembre 2018 · until 12 juillet 2019

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/04/202401/04/202301/04/202201/04/202101/04/202001/04/2019
Closing of the financial year31/03/202531/03/202431/03/202331/03/202231/03/202131/03/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date03/10/202501/10/202405/10/202306/10/202203/01/202205/10/2020
General meeting25/08/202526/08/202428/08/202329/08/202217/12/202131/08/2020
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

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/03/202525/08/202503/10/2025DutchPDF
Full model31/03/202426/08/202401/10/2024DutchPDF
Full model31/03/202328/08/202305/10/2023DutchPDF
Full model31/03/202229/08/202206/10/2022DutchPDF
Full model31/03/202117/12/202103/01/2022DutchPDF
Full modelCorrection31/03/202031/08/202005/10/2020DutchPDF
Full model31/03/202031/08/202029/09/2020DutchPDF
Full model31/03/201926/08/201924/09/2019DutchPDF
Full model31/03/201827/08/201811/09/2018DutchPDF
Full model31/03/201728/08/201718/09/2017DutchPDF
Full model31/03/201629/08/201611/10/2016DutchPDF
Full model31/12/201530/05/201601/07/2016DutchPDF
Full model31/12/201426/05/201506/07/2015DutchPDF
Full model31/12/201326/05/201415/09/2014DutchPDF
Full model31/12/201227/05/201326/06/2013DutchPDF
Full model31/12/201129/05/201224/08/2012DutchPDF
Full model31/12/201030/05/201118/08/2011DutchPDF
Full model31/12/200931/05/201029/06/2010DutchPDF
Full model31/12/200825/05/200921/08/2009DutchPDF
Full model31/12/200726/05/200826/08/2008DutchPDF
Full model31/12/200628/05/200731/07/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 31/03/2025 · 3 active · 29 ended

Active mandates

Adam Edward BRYSON

Director · since 29 août 2023 · until 29 août 2029

Active
Koen HOUBEN

Director · since 15 octobre 2019 · until 25 août 2025

Active
Stéphane CASSIMAN

Managing director · since 05 juillet 2019 · until 25 août 2025

Active

Ended mandates

Per Olof Jonas PERSSON BRENNWALD

Director · since 15 octobre 2019 · until 25 août 2025

Ended
Ger VAN DER LINDEN

Managing director · since 25 janvier 2019 · until 15 octobre 2019

Ended
Ger VAN DER LINDEN

Managing director · since 25 janvier 2019 · until 25 août 2025

Ended
Michael Rauterkus

Director · since 23 novembre 2018 · until 12 juillet 2019

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates02/06/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/03/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/10/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/02/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/11/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/09/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/06/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/01/2019
    ONTSLAGEN - BENOEMINGEN
    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 20251 M €↓
  2. 2024
    Annual accounts 20241,1 M €↓
  3. 2023
    Annual accounts 20231,7 M €↑
  4. 2022
    Annual accounts 20221 M €↑
  5. 2021
    Annual accounts 2021885,2 k €↑
  6. 2020
    Annual accounts 2020852,7 k €↓
  7. 2019
    Annual accounts 20191,5 M €↓
  8. 2018
    Annual accounts 20182,2 M €↑
  9. 2017
    Annual accounts 20171,1 M €↑
  10. 2016
    Annual accounts 2016430,2 k €↓
  11. 2015
    Annual accounts 20151,2 M €↑
  12. 2014
    Annual accounts 2014690,2 k €↑
  13. 2013
    Annual accounts 201377,3 k €↓
  14. 2012
    Annual accounts 2012874,4 k €↓
  15. 2011
    Annual accounts 20111,5 M €↑
  16. 2009
    Annual accounts 20091,2 M €↑
  17. 2008
    Annual accounts 2008577 k €↓
  18. 2007
    Annual accounts 20071,3 M €↑
  19. 2006
    Annual accounts 2006294,7 k €
  20. 09/12/1991
    IncorporationPublic limited company