ACTIVE

GROVERBO

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Financial year 2025 · closed on 31/12/2025
Net result
28,9 k €
-5.5% YoY
Gross margin
629 k €
-7.8% YoY
Equity
212,9 k €
+15.7% YoY
Workforce
7,3 ETP
-9.9% YoY

What does GROVERBO do?

GROVERBO is a Private company with limited liability incorporated in 2015. Its main activity is: Construction of buildings. Its registered office is in Kortrijk. It employs on average 7,3 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0644.933.895
Incorporation
29/12/2015
Legal form
Private company with limited liability
Registered office
Meubelmakersdreef(Bel) 16
8510 Kortrijk · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
7,3 ETP
Activities (NACE)
41001Construction of buildings· main41201Construction of residential and non-residential buildings41002Construction of buildings41003Construction of buildings41101Development of building projects41102Development of building projects+4
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202420232022202120202019201820172016
Income statement
Gross margin629 k €682 k €606,6 k €587,6 k €963,3 k €392 k €456,2 k €274,7 k €238,2 k €109 k €
EBITDA195,2 k €197,2 k €168,2 k €133,8 k €290,4 k €50,6 k €147,1 k €70,2 k €65,1 k €35,7 k €
Operating result109,7 k €101,7 k €63,3 k €44,7 k €203,1 k €-29,7 k €65,1 k €9,5 k €16,1 k €9,8 k €
Net result28,9 k €30,6 k €6,8 k €-16,3 k €143,6 k €-61,9 k €43,2 k €7,3 k €6,9 k €5,1 k €
Balance sheet
Equity212,9 k €184 k €153,4 k €146,6 k €162,9 k €19,3 k €81,2 k €37,9 k €18,2 k €11,3 k €
Total assets2,5 M €2,2 M €1,8 M €1,1 M €823,8 k €885 k €726,2 k €449,3 k €309,7 k €134,5 k €
Cash39,9 k €139,9 k €75,3 k €25,9 k €77,8 k €30,3 k €13,2 k €23 k €4,5 k €32,3 k €
Debts2,3 M €2 M €1,7 M €970,7 k €660,1 k €861,9 k €643,2 k €392 k €291,5 k €123 k €
Other
Workforce7,3 ETP8,1 ETP8,3 ETP7,9 ETP7,7 ETP8,4 ETP––––
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 31/12/2025 · 2 active · 2 ended

Active mandates

Jens Ottevaere

Director

Active
Niels Ottevaere

Director

Active

Ended mandates

Jens Ottevaere

Manager

Ended
Tine Van Canneyt

Manager

Ended
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 date20/08/202630/09/202508/02/202528/09/202326/07/202206/07/2022
General meeting01/06/202602/06/202530/06/202430/06/202315/06/202207/06/2021
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

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202501/06/202620/08/2026DutchPDF
Abridged model31/12/202402/06/202530/09/2025DutchPDF
Abridged model31/12/202330/06/202408/02/2025DutchPDF
Abridged model31/12/202230/06/202328/09/2023DutchPDF
Abridged model31/12/202115/06/202226/07/2022DutchPDF
Abridged modelCorrection31/12/202007/06/202106/07/2022DutchPDF
Abridged model31/12/202007/06/202109/07/2021DutchPDF
Micro model31/12/201906/06/202028/07/2020DutchPDF
Micro model31/12/201803/06/201901/07/2019DutchPDF
Micro model31/12/201704/06/201821/06/2018DutchPDF
Abridged model31/12/201621/06/201705/10/2017DutchPDF
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 31/12/2025 · 2 active · 2 ended

Active mandates

Jens Ottevaere

Director

Active
Niels Ottevaere

Director

Active

Ended mandates

Jens Ottevaere

Manager

Ended
Tine Van Canneyt

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office13/06/2024
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates03/01/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/02/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/06/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other31/12/2015
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 202528,9 k €↓
  2. 2024
    Annual accounts 202430,6 k €↑
  3. 2023
    Annual accounts 20236,8 k €↑
  4. 2022
    Annual accounts 2022-16,3 k €↓
  5. 2021
    Annual accounts 2021143,6 k €↑
  6. 2020
    Annual accounts 2020-61,9 k €↓
  7. 2019
    Annual accounts 201943,2 k €↑
  8. 2018
    Annual accounts 20187,3 k €↑
  9. 2017
    Annual accounts 20176,9 k €↑
  10. 2016
    Annual accounts 20165,1 k €
  11. 29/12/2015
    IncorporationPrivate company with limited liability