ACTIVE

GR20

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Financial year 2025 · closed on 31/12/2025

Net result

-10,6 k €

+5.0% YoY

Gross margin

-9,3 k €

-14.3% YoY

Equity

1,3 M €

-0.8% YoY

What does GR20 do?

GR20 is a Private limited company incorporated in 2016. Its main activity is: Construction of buildings. Its registered office is in Wortegem-Petegem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0654.964.190

Incorporation

25/05/2016

Legal form

Private limited company

Registered office

Kleistraat (W.) 8
9790 Wortegem-Petegem · FlandreSee on map

Contributed capital

1 320 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 41002Construction of buildings 41003Construction of buildings 41101Development of building projects 41102Development of building projects+10

Signals

Solid equityLow riskGood liquidity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 9 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017
Income statement
Gross margin	-9,3 k €	-14.3%	-8,1 k €	-193%	-2,8 k €		–		-1,2 k €	-198%	-387,2 €	+50.4%	-780,2 €	+64.6%	-2,2 k €	+80.5%	-11,3 k €
EBITDA	-10,1 k €	+7.6%	-11 k €	-279%	-2,9 k €	-44.7%	-2 k €	+37.2%	-3,2 k €	-120%	-1,4 k €	+49.5%	-2,9 k €	+20.3%	-3,6 k €	+73.2%	-13,4 k €
Operating result	-10,1 k €	+7.6%	-11 k €	-279%	-2,9 k €	-44.7%	-2 k €	+37.2%	-3,2 k €	-120%	-1,4 k €	+49.5%	-2,9 k €	+20.3%	-3,6 k €	+73.2%	-13,4 k €
Net result	-10,6 k €	+5.0%	-11,1 k €	-264%	-3,1 k €	-40.7%	-2,2 k €	+34.8%	-3,3 k €	-109%	-1,6 k €	+44.8%	-2,9 k €	+21.9%	-3,7 k €	+72.7%	-13,6 k €
Balance sheet
Equity	1,3 M €	-0.8%	1,3 M €	-0.9%	1,3 M €	-0.2%	1,3 M €	-0.2%	1,3 M €	-0.3%	1,3 M €	-0.1%	1,3 M €	-0.2%	1,3 M €	-0.3%	1,3 M €
Total assets	1,3 M €	+4.0%	1,3 M €	+0.3%	1,3 M €	-0.2%	1,3 M €	-0.2%	1,3 M €	-0.3%	1,3 M €	-0.1%	1,3 M €	-0.1%	1,3 M €	-0.3%	1,3 M €
Cash	72,3 k €	-61.0%	185,3 k €	+82.9%	101,3 k €	-47.9%	194,3 k €	-1.1%	196,5 k €	-1.7%	199,8 k €	-0.8%	201,4 k €	-0.0%	201,5 k €	-2.4%	206,4 k €
Debts	1,8 k €	0.0%	1,8 k €	+14.7%	1,6 k €	0.0%	1,6 k €	0.0%	1,6 k €	+0.5%	1,6 k €	0.0%	1,6 k €		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 7 ended

Active mandates

ORCHARD

Director · since 20 décembre 2024 · 0845.796.349

Represented by Olivier Strobbe

Active

Ended mandates

Gilbert Nulens

Director · since 24 novembre 2023

Ended

Guy Van Dievoet-Van den Bosch

Director · since 24 novembre 2023

Ended

GUY VAB DIEVOET-VAN dEN BOSCG

Manager

Ended

GUY VAN DIEVOET - VANDENBOSCH

Director

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged 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	04/03/2026	31/07/2025	26/07/2024	25/08/2023	02/08/2022	02/08/2021
General meeting	24/02/2026	30/06/2025	04/06/2024	06/06/2023	07/06/2022	01/06/2021
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

9 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	24/02/2026	04/03/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	31/07/2025	Dutch	PDF
Micro model	31/12/2023	04/06/2024	26/07/2024	Dutch	PDF
Micro model	31/12/2022	06/06/2023	25/08/2023	Dutch	PDF
Micro model	31/12/2021	07/06/2022	02/08/2022	Dutch	PDF
Micro model	31/12/2020	01/06/2021	02/08/2021	Dutch	PDF
Micro model	31/12/2019	02/06/2020	10/09/2020	Dutch	PDF
Micro model	31/12/2018	04/06/2019	22/08/2019	Dutch	PDF
Abridged model	31/12/2017	05/06/2018	16/07/2018	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 7 ended

Active mandates

ORCHARD

Director · since 20 décembre 2024 · 0845.796.349

Represented by Olivier Strobbe

Active

Ended mandates

Gilbert Nulens

Director · since 24 novembre 2023

Ended

Guy Van Dievoet-Van den Bosch

Director · since 24 novembre 2023

Ended

GUY VAB DIEVOET-VAN dEN BOSCG

Manager

Ended

GUY VAN DIEVOET - VANDENBOSCH

Director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/01/2025
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Other27/05/2016
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

2025
Annual accounts 2025-10,6 k €↑
2024
Annual accounts 2024-11,1 k €↓
2023
Annual accounts 2023-3,1 k €↓
2022
Annual accounts 2022-2,2 k €↑
2021
Annual accounts 2021-3,3 k €↓
2020
Annual accounts 2020-1,6 k €↑
2019
Annual accounts 2019-2,9 k €↑
2018
Annual accounts 2018-3,7 k €↑
2017
Annual accounts 2017-13,6 k €
25/05/2016
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

GR20

Overview

What does GR20 do?

Trend over 9 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