ACTIVE

GROVI

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Financial year 2025 · closed on 30/06/2025

Net result

49,4 k €

+335.2% YoY

Revenue

398,2 k €

-3.2% YoY

Equity

3 M €

+1.7% YoY

Workforce

3,9 ETP

+2.6% YoY

What does GROVI do?

GROVI is a Public limited company incorporated in 1995. Its registered office is in Ingelmunster. It employs on average 3,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0456.906.820

Incorporation

22/12/1995

Legal form

Public limited company

Registered office

Meersstraat 43
8770 Ingelmunster · FlandreSee on map

Contributed capital

1 541 039,00 €

Latest accounts

30/06/2025

Average workforce

3,9 ETP

Joint committees (2)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	398,2 k €	-3.2%	411,3 k €	-27.6%	567,7 k €	-8.3%	619,2 k €	-1.7%	629,7 k €	-14.9%	739,6 k €	+12.2%	659 k €	-34.5%	1 M €	-15.5%	1,2 M €	-1.4%	1,2 M €	-12.1%	1,4 M €	+4.2%	1,3 M €	+2.7%	1,3 M €	-21.7%	1,6 M €	+6.4%	1,5 M €	+6.9%	1,4 M €	-17.1%	1,7 M €	+16.0%	1,5 M €	+26.4%	1,2 M €
EBITDA	57,5 k €	+9.2%	52,6 k €	-22.5%	67,9 k €	-34.7%	104 k €	+15.4%	90,1 k €	+3.0%	87,5 k €	-56.0%	199 k €	-54.0%	433 k €	+17.7%	368 k €	-11.4%	415,2 k €	-27.0%	568,7 k €	+29.3%	439,9 k €	+33.0%	330,8 k €	-15.6%	392,2 k €	-5.5%	414,8 k €	+8.4%	382,8 k €	-17.1%	461,9 k €	+26.3%	365,8 k €	+15.9%	315,5 k €
Operating result	55,7 k €	+7.6%	51,7 k €	-21.7%	66,1 k €	-31.2%	96 k €	+55.6%	61,7 k €	+45.8%	42,3 k €	-55.9%	96 k €	-52.0%	200 k €	+57.4%	127,1 k €	-36.2%	199,2 k €	-45.1%	362,5 k €	+28.7%	281,7 k €	+12.3%	250,9 k €	+9.6%	229 k €	+76.8%	129,5 k €	+90.8%	67,9 k €	-62.0%	178,7 k €	+29.5%	137,9 k €	-31.6%	201,8 k €
Net result	49,4 k €	+335%	11,3 k €	-59.5%	28 k €	-82.2%	157 k €	-2.2%	160,6 k €	+316%	-74,3 k €	-255%	48 k €	-26.3%	65,1 k €	+352%	14,4 k €	-69.1%	46,6 k €	-67.9%	145,2 k €	+20.0%	121 k €	+39.4%	86,8 k €	+15.2%	75,4 k €	-80.2%	381,4 k €	+49316%	771,9 €	-99.0%	80,2 k €	+603%	11,4 k €	-70.2%	38,2 k €
Balance sheet
Equity	3 M €	+1.7%	3 M €	+0.4%	3 M €	+1.0%	2,9 M €	+5.6%	2,8 M €	+6.1%	2,6 M €	-2.7%	2,7 M €	+1.8%	2,7 M €	+2.5%	2,6 M €	+0.6%	2,6 M €	+1.8%	2,5 M €	+6.1%	2,4 M €	+5.3%	2,3 M €	+3.9%	2,2 M €	+3.3%	2,1 M €	-28.9%	3 M €	-1.1%	3 M €	+1.5%	3 M €	+0.9%	2,9 M €
Total assets	4,2 M €	-0.4%	4,2 M €	+0.4%	4,2 M €	-5.5%	4,5 M €	+4.4%	4,3 M €	-5.9%	4,6 M €	+1.0%	4,5 M €	-6.2%	4,8 M €	-7.4%	5,2 M €	+1.4%	5,1 M €	+3.2%	5 M €	-21.3%	6,3 M €	+31.8%	4,8 M €	+4.8%	4,6 M €	-10.2%	5,1 M €	-5.6%	5,4 M €	-10.9%	6 M €	+6.2%	5,7 M €	-13.5%	6,6 M €
Cash	22,3 k €	+41.0%	15,8 k €	-12.3%	18,1 k €	+11.0%	16,3 k €	-51.9%	33,8 k €	+71.3%	19,8 k €	-23.7%	25,9 k €	-53.0%	55,1 k €	-6.0%	58,6 k €	+10.8%	52,9 k €	+61.7%	32,7 k €	-31.5%	47,8 k €	-12.7%	54,8 k €	+15.2%	47,5 k €	-23.4%	62,1 k €	-43.5%	109,9 k €	+293%	28 k €	-2.7%	28,8 k €	-92.8%	399,1 k €
Debts	1,2 M €	-5.1%	1,2 M €	-0.0%	1,2 M €	-19.1%	1,5 M €	+3.8%	1,5 M €	-24.3%	1,9 M €	+7.1%	1,8 M €	-16.3%	2,1 M €	-14.0%	2,5 M €	+2.7%	2,4 M €	+5.1%	2,3 M €	-39.1%	3,8 M €	+58.6%	2,4 M €	+7.1%	2,2 M €	-21.9%	2,9 M €	+25.1%	2,3 M €	-20.4%	2,9 M €	+12.4%	2,6 M €	-26.1%	3,5 M €
Other
Workforce	3,9 ETP	+2.6%	3,8 ETP	-5.0%	4,0 ETP	-16.7%	4,8 ETP	-12.7%	5,5 ETP	0.0%	5,5 ETP	+7.8%	5,1 ETP	+2.0%	5,0 ETP	-26.5%	6,8 ETP	-2.9%	7,0 ETP	0.0%	7,0 ETP	-4.1%	7,3 ETP	-13.1%	8,4 ETP	+3.7%	8,1 ETP	0.0%	8,1 ETP	+6.6%	7,6 ETP	+1.3%	7,5 ETP	+1.4%	7,4 ETP	+8.8%	6,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 22 ended

Active mandates

HLV Group

Director · since 31 décembre 2020 · until 10 décembre 2026 · 0667.957.737

Represented by Vincent Haelvoet

Active

Ended mandates

HLV Group

Managing director · since 03 janvier 2017 · until 14 décembre 2023 · 0667.957.737

Represented by Vincent HAELVOET

Ended

HLV Group

Managing director · since 03 janvier 2017 · until 10 décembre 2019 · 0667.957.737

Represented by Vincent Haelvoet

Ended

HLV Group

Managing director · since 03 janvier 2017 · until 12 décembre 2019 · 0667.957.737

Represented by Vincent Haelvoet

Ended

HLV Group

Managing director · since 03 janvier 2017 · until 14 décembre 2023 · 0667.957.737

Represented by Vincent Haelvoet

Ended

At this address

Other companies at this address

Company	CBE no.
DOKTER BARBARA BUSSELS● Active	0870.076.637
HLV Group● Active	0667.957.737

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/01/2026	14/01/2025	10/01/2024	06/01/2023	21/01/2022	25/01/2021
General meeting	30/12/2025	12/12/2024	14/12/2023	08/12/2022	31/12/2021	31/12/2020
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
Full model	30/06/2025	30/12/2025	29/01/2026	Dutch	PDF
Full model	30/06/2024	12/12/2024	14/01/2025	Dutch	PDF
Full model	30/06/2023	14/12/2023	10/01/2024	Dutch	PDF
Full model	30/06/2022	08/12/2022	06/01/2023	Dutch	PDF
Full model	30/06/2021	31/12/2021	21/01/2022	Dutch	PDF
Full model	30/06/2020	31/12/2020	25/01/2021	Dutch	PDF
Full model	30/06/2019	31/12/2019	31/01/2020	Dutch	PDF
Full model	30/06/2018	13/12/2018	04/01/2019	Dutch	PDF
Full model	30/06/2017	14/12/2017	31/01/2018	Dutch	PDF
Full model	30/06/2016	08/12/2016	29/12/2016	Dutch	PDF
Full model	30/06/2015	10/12/2015	14/12/2015	Dutch	PDF
Full model	30/06/2014	11/12/2014	15/12/2014	Dutch	PDF
Full model	30/06/2013	12/12/2013	08/01/2014	Dutch	PDF
Full model	30/06/2012	13/12/2012	17/12/2012	Dutch	PDF
Full model	30/06/2011	08/12/2011	09/12/2011	Dutch	PDF
Full model	30/06/2010	09/12/2010	13/12/2010	Dutch	PDF
Full model	30/06/2009	10/12/2009	22/12/2009	Dutch	PDF
Full model	30/06/2008	11/12/2008	19/12/2008	Dutch	PDF
Full model	30/06/2007	13/12/2007	29/02/2008	Dutch	PDF
Full model	30/06/2006	30/12/2006	30/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 30/06/2025 · 1 active · 22 ended

Active mandates

HLV Group

Director · since 31 décembre 2020 · until 10 décembre 2026 · 0667.957.737

Represented by Vincent Haelvoet

Active

Ended mandates

HLV Group

Managing director · since 03 janvier 2017 · until 14 décembre 2023 · 0667.957.737

Represented by Vincent HAELVOET

Ended

HLV Group

Managing director · since 03 janvier 2017 · until 10 décembre 2019 · 0667.957.737

Represented by Vincent Haelvoet

Ended

HLV Group

Managing director · since 03 janvier 2017 · until 12 décembre 2019 · 0667.957.737

Represented by Vincent Haelvoet

Ended

HLV Group

Managing director · since 03 janvier 2017 · until 14 décembre 2023 · 0667.957.737

Represented by Vincent Haelvoet

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring08/09/2026
HERSTRUCTURERING - SPLITSING
PDF
Restructuring08/05/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates25/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/03/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/02/2017
ONTSLAGEN - BENOEMINGEN
PDF
Registered office11/03/2015
MAATSCHAPPELIJKE ZETEL
PDF
Mandates03/01/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/12/2012
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

2025
Annual accounts 202549,4 k €↑
2024
Annual accounts 202411,3 k €↓
2023
Annual accounts 202328 k €↓
2022
Annual accounts 2022157 k €↓
2021
Annual accounts 2021160,6 k €↑
2020
Annual accounts 2020-74,3 k €↓
2019
Annual accounts 201948 k €↓
2018
Annual accounts 201865,1 k €↑
2017
Annual accounts 201714,4 k €↓
2016
Annual accounts 201646,6 k €↓
2015
Annual accounts 2015145,2 k €↑
2014
Annual accounts 2014121 k €↑
2013
Annual accounts 201386,8 k €↑
2012
Annual accounts 201275,4 k €↓
2011
Annual accounts 2011381,4 k €↑
2010
Annual accounts 2010771,9 €↓
2009
Annual accounts 200980,2 k €↑
2008
Annual accounts 200811,4 k €↓
2007
Annual accounts 200738,2 k €
22/12/1995
IncorporationPublic 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

GROVI

Overview

What does GROVI do?

Trend over 19 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