ACTIVE

GRUBOR

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Financial year 2024 · closed on 31/12/2024

Net result

-20 k €

-282.1% YoY

Gross margin

197,2 k €

-8.2% YoY

Equity

753,3 k €

-2.6% YoY

What does GRUBOR do?

GRUBOR is a Public limited company incorporated in 1999. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Hasselt.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0468.670.643

Incorporation

23/12/1999

Legal form

Public limited company

Registered office

Onze-Lieve-Vrouwstraat 5
3500 Hasselt · FlandreSee on map

Contributed capital

495 787,05 €

Latest accounts

31/12/2024

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate

Signals

Positive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	197,2 k €	-8.2%	214,8 k €	-69.5%	703,5 k €	+242%	206 k €	-17.1%	248,4 k €	-18.2%	303,6 k €	-1.2%	307,3 k €	+3.0%	298,4 k €	+21.7%	245,2 k €	+1252%	18,1 k €	-88.3%	155,6 k €	+1.1%	153,9 k €	-22.6%	198,9 k €	-0.5%	199,9 k €	-3.8%	207,7 k €	-19.2%	257,1 k €	+3.9%	247,4 k €	+15.3%	214,6 k €	+0.2%	214,1 k €
EBITDA	155,4 k €	-13.1%	179 k €	-73.1%	664,2 k €	+296%	167,6 k €	-20.3%	210,3 k €	-21.8%	268,7 k €	-1.7%	273,4 k €	+3.0%	265,3 k €	+34.6%	197 k €	+1164%	-18,5 k €	-115%	122 k €	-0.9%	123,2 k €	-27.1%	168,9 k €	-0.3%	169,4 k €	-4.7%	177,8 k €	-21.8%	227,2 k €	+4.1%	218,3 k €	+14.6%	190,5 k €	-0.0%	190,6 k €
Operating result	56,9 k €	-35.6%	88,5 k €	-84.6%	575 k €	+1036%	50,6 k €	-33.3%	75,9 k €	-21.0%	96,1 k €	+10.0%	87,3 k €	+9.6%	79,6 k €	+319%	19 k €	+123%	-82,5 k €	-242%	58 k €	-20.8%	73,2 k €	-39.5%	121 k €	-0.4%	121,4 k €	+0.2%	121,2 k €	-29.0%	170,7 k €	+5.1%	162,4 k €	+36.3%	119,1 k €	-19.2%	147,4 k €
Net result	-20 k €	-282%	11 k €	-96.9%	359 k €	+2167%	-17,4 k €	-61.7%	-10,7 k €	-292%	5,6 k €	+109%	-64,3 k €	+26.1%	-87 k €	+14.9%	-102,2 k €	+30.1%	-146,1 k €	-763%	-16,9 k €	-408%	5,5 k €	-84.8%	36,1 k €	-76.2%	151,5 k €	+438%	28,1 k €	-50.9%	57,3 k €	+14.9%	49,9 k €	+54.3%	32,3 k €	-45.4%	59,2 k €
Balance sheet
Equity	753,3 k €	-2.6%	773,3 k €	+1.4%	762,3 k €	+89.0%	403,3 k €	-4.1%	420,7 k €	-2.5%	431,4 k €	+1.3%	425,8 k €	-10.4%	475,1 k €	-15.5%	562,1 k €	-15.4%	664,2 k €	-18.0%	810,4 k €	-2.0%	827,3 k €	+0.7%	821,8 k €	+4.6%	785,7 k €	+23.9%	634,2 k €	+4.6%	606,1 k €	+10.4%	548,8 k €	+10.0%	498,8 k €	+6.9%	466,5 k €
Total assets	3,5 M €	-4.5%	3,7 M €	-12.6%	4,2 M €	-13.8%	4,9 M €	+13.0%	4,3 M €	-2.3%	4,4 M €	-6.0%	4,7 M €	-2.1%	4,8 M €	-4.1%	5 M €	+26.8%	3,9 M €	+59.6%	2,5 M €	+6.6%	2,3 M €	+8.4%	2,1 M €	-2.0%	2,2 M €	-13.4%	2,5 M €	+6.4%	2,4 M €	+4.7%	2,3 M €	+0.4%	2,3 M €	+9.8%	2,1 M €
Cash	140,2 k €	+13.7%	123,3 k €	-7.5%	133,3 k €	+91.1%	69,7 k €	+90.8%	36,5 k €	+83.0%	20 k €	-77.1%	87,1 k €	+705%	10,8 k €	-84.9%	71,5 k €	-71.9%	254,1 k €	+115%	118,4 k €	+429%	22,4 k €		–		9,3 k €	-90.8%	101,1 k €	+866%	10,5 k €	+209%	3,4 k €	-63.0%	9,2 k €	-52.1%	19,1 k €
Debts	2,2 M €	-7.8%	2,4 M €	-19.3%	3 M €	-28.8%	4,2 M €	+15.6%	3,7 M €	-1.4%	3,7 M €	-8.2%	4 M €	-2.6%	4,1 M €	-4.3%	4,3 M €	+35.6%	3,2 M €	+100%	1,6 M €	+11.9%	1,4 M €	+14.1%	1,2 M €	-6.1%	1,3 M €	-28.4%	1,9 M €	+5.5%	1,8 M €	+3.0%	1,7 M €	-2.4%	1,8 M €	+10.5%	1,6 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 26 ended

Active mandates

Jean-Claude Bormans

Managing director · since 22 décembre 2023

Active

Ended mandates

Jean-Claude Bormans

Director · since 25 octobre 2017

Ended

Jean-Claude Bormans

Managing director · since 25 octobre 2017 · until 31 mai 2023

Ended

Jean-Claude Bormans

Managing director · since 25 octobre 2017 · until 30 juin 2023

Ended

Paul - Louis Bormans

Managing director · since 25 octobre 2017 · until 31 mai 2023

Ended

At this address

Other companies at this address

Company	CBE no.
ATLANTIS● Active	0476.473.007
BTW-EENHEID GRUTMAN● Active	0640.863.459
Familie Schraepen● Active	0716.777.243
GRUTMAN HOME DECOR● Active	0415.544.337
VASTGOED INVEST PROJECTS● Active	0457.523.561
Vereniging van Mede-eigenaars Residentie Garden te 3500 Hasselt, Onze-Lieve-Vrouwstraat +5● Active	0779.580.387
Vereniging van Mede-eigenaars Residentie Gompaert te 3500 Hasselt, Onze-Lieve-Vrouwstraat 5● Active	0824.887.307

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/09/2025	04/11/2024	29/09/2023	28/10/2022	29/09/2021	05/10/2020
General meeting	25/09/2025	28/06/2024	30/06/2023	30/09/2022	31/08/2021	07/09/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	25/09/2025	30/09/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	04/11/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	29/09/2023	Dutch	PDF
Abridged model	31/12/2021	30/09/2022	28/10/2022	Dutch	PDF
Abridged model	31/12/2020	31/08/2021	29/09/2021	Dutch	PDF
Abridged model	31/12/2019	07/09/2020	05/10/2020	Dutch	PDF
Abridged model	31/12/2018	30/06/2019	12/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	30/07/2018	Dutch	PDF
Abridged model	31/12/2016	25/10/2017	31/10/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	29/07/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	30/07/2015	Dutch	PDF
Abridged model	31/12/2013	21/08/2014	15/09/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	31/05/2012	29/08/2012	Dutch	PDF
Abridged model	31/12/2010	31/05/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	31/05/2010	20/08/2010	Dutch	PDF
Abridged model	31/12/2008	31/05/2009	13/07/2009	Dutch	PDF
Abridged model	31/12/2007	31/05/2008	23/07/2008	Dutch	PDF
Abridged model	31/12/2006	31/05/2007	03/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 31/12/2024 · 1 active · 26 ended

Active mandates

Jean-Claude Bormans

Managing director · since 22 décembre 2023

Active

Ended mandates

Jean-Claude Bormans

Director · since 25 octobre 2017

Ended

Jean-Claude Bormans

Managing director · since 25 octobre 2017 · until 31 mai 2023

Ended

Jean-Claude Bormans

Managing director · since 25 octobre 2017 · until 30 juin 2023

Ended

Paul - Louis Bormans

Managing director · since 25 octobre 2017 · until 31 mai 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/11/2018
ONTSLAGEN - BENOEMINGEN
PDF
Registered office22/01/2016
MAATSCHAPPELIJKE ZETEL
PDF
Mandates05/02/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/10/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/11/2005
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

2024
Annual accounts 2024-20 k €↓
2023
Annual accounts 202311 k €↓
2022
Annual accounts 2022359 k €↑
2021
Annual accounts 2021-17,4 k €↓
2020
Annual accounts 2020-10,7 k €↓
2019
Annual accounts 20195,6 k €↑
2018
Annual accounts 2018-64,3 k €↑
2017
Annual accounts 2017-87 k €↑
2016
Annual accounts 2016-102,2 k €↑
2015
Annual accounts 2015-146,1 k €↓
2014
Annual accounts 2014-16,9 k €↓
2013
Annual accounts 20135,5 k €↓
2012
Annual accounts 201236,1 k €↓
2011
Annual accounts 2011151,5 k €↑
2010
Annual accounts 201028,1 k €↓
2009
Annual accounts 200957,3 k €↑
2008
Annual accounts 200849,9 k €↑
2007
Annual accounts 200732,3 k €↓
2006
Annual accounts 200659,2 k €
23/12/1999
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

GRUBOR

Overview

What does GRUBOR 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