ACTIVE

GROBAR

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Financial year 2024 · closed on 31/12/2024

Net result

96,4 k €

-76.0% YoY

Gross margin

2,2 M €

-6.5% YoY

Equity

2,4 M €

+7.5% YoY

Workforce

29,3 ETP

0.0% YoY

What does GROBAR do?

GROBAR is a Private limited company incorporated in 2004. Its registered office is in Berlaar. It employs on average 29,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0866.006.003

Incorporation

28/06/2004

Legal form

Private limited company

Registered office

Alflaar 14
2590 Berlaar · FlandreSee on map

Contributed capital

25 000,00 €

Latest accounts

31/12/2024

Average workforce

29,3 ETP

Joint committees (2)

145
1450

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

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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	2,2 M €	-6.5%	2,4 M €	+61.8%	1,5 M €	-11.9%	1,7 M €	-2.3%	1,7 M €	-13.5%	2 M €	+103%	967,2 k €	+39.8%	692 k €	-3.8%	719,3 k €	-7.9%	780,9 k €	+27.7%	611,6 k €	+51.1%	404,7 k €	-41.9%	696,1 k €	+48.1%	470,1 k €	-43.5%	832 k €	+27.5%	652,5 k €	+48479%	1,3 k €	-99.4%	240,4 k €	-21.1%	304,8 k €
EBITDA	933,5 k €	-30.3%	1,3 M €	+152%	531,2 k €	-45.7%	977,6 k €	-1.5%	992,3 k €	-28.6%	1,4 M €	+160%	534,2 k €	+76.0%	303,6 k €	-37.1%	482,5 k €	-7.5%	521,5 k €	+40.6%	370,9 k €	+204%	121,8 k €	-67.4%	373,6 k €	+110%	178,1 k €	-69.7%	587,2 k €	+45.2%	404,4 k €	+306%	-196,2 k €	-359%	75,8 k €	-43.0%	132,9 k €
Operating result	249,6 k €	-62.8%	670,5 k €	+840%	-90,6 k €	-128%	320,8 k €	-35.9%	500,1 k €	-45.9%	924,4 k €	+494%	155,7 k €	-27.5%	214,7 k €	-29.2%	303,2 k €	-0.1%	303,4 k €	+297%	76,5 k €	+133%	-232,5 k €	-783%	34 k €	+133%	-104,7 k €	-150%	207,8 k €	-19.6%	258,4 k €	+190%	-287,3 k €	-518%	-46,5 k €	-411%	14,9 k €
Net result	96,4 k €	-76.0%	401,2 k €	+419%	-125,8 k €	-153%	237,6 k €	-56.9%	551,7 k €	-29.5%	783,1 k €	+703%	97,5 k €	-23.3%	127 k €	-52.9%	269,6 k €	+4.0%	259,3 k €	+1681%	14,6 k €	+105%	-293,2 k €	-826%	-31,7 k €	+76.9%	-136,8 k €	-220%	113,9 k €	-74.2%	441,8 k €	+225%	-354,7 k €	-339%	-80,8 k €	-979%	-7,5 k €
Balance sheet
Equity	2,4 M €	+7.5%	2,3 M €	+21.6%	1,9 M €	-6.3%	2 M €	+13.6%	1,7 M €	+46.1%	1,2 M €	+189%	414,6 k €	+30.7%	317,1 k €	+44.1%	220,1 k €	+545%	-49,5 k €	+84.0%	-308,8 k €	+4.5%	-323,3 k €	-972%	-30,2 k €	-2110%	1,5 k €	-98.9%	138,3 k €	+465%	24,5 k €	+106%	-417,4 k €	-566%	-62,7 k €	-447%	18,1 k €
Total assets	6,4 M €	-9.5%	7,1 M €	-2.5%	7,3 M €	+4.8%	7 M €	+11.9%	6,2 M €	+6.0%	5,9 M €	+24.0%	4,7 M €	+290%	1,2 M €	+1.8%	1,2 M €	+5.7%	1,1 M €	-3.6%	1,2 M €	-20.7%	1,5 M €	-28.4%	2,1 M €	-5.8%	2,2 M €	-14.1%	2,5 M €	-4.9%	2,7 M €	+10.7%	2,4 M €	+111%	1,1 M €	-9.1%	1,3 M €
Cash	135,1 k €	+181%	48,1 k €	+372%	10,2 k €	-95.1%	208,8 k €	-45.7%	384,9 k €	-2.6%	395 k €	-16.0%	470 k €	+88.9%	248,8 k €	+71.8%	144,8 k €		–		25,4 k €		–		249,1 k €	+1514%	15,4 k €	-90.9%	169,4 k €	+278225%	60,9 €	-99.9%	101,4 k €		–		–
Debts	4 M €	-17.6%	4,8 M €	-10.7%	5,4 M €	+9.2%	5 M €	+11.3%	4,5 M €	-4.3%	4,7 M €	+8.2%	4,3 M €	+404%	856,1 k €	-11.7%	969,2 k €	-17.5%	1,2 M €	-17.8%	1,4 M €	-18.0%	1,7 M €	-13.7%	2 M €	-7.5%	2,2 M €	-9.2%	2,4 M €	-8.9%	2,6 M €	-7.0%	2,8 M €	+135%	1,2 M €	-2.2%	1,2 M €
Other
Workforce	29,3 ETP	0.0%	29,3 ETP	-0.3%	29,4 ETP	+49.2%	19,7 ETP	-2.5%	20,2 ETP	+27.0%	15,9 ETP	+16.9%	13,6 ETP	+6.2%	12,8 ETP	+82.9%	7,0 ETP	-5.4%	7,4 ETP	-6.3%	7,9 ETP	-18.6%	9,7 ETP	-11.0%	10,9 ETP	+1.9%	10,7 ETP	-10.8%	12,0 ETP	+6.2%	11,3 ETP	+15.3%	9,8 ETP	+25.6%	7,8 ETP	+1.3%	7,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 4 ended

Active mandates

Bart Ceulemans

Director · since 23 juin 2004

Active

Ended mandates

Elke Hendrickx

Manager · since 25 avril 2013 · until 20 janvier 2019

Ended

Elke Hendrickx

Manager · since 25 avril 2013

Ended

Bart Ceulemans

Manager · since 23 juin 2004

Ended

Bart Ceulemans

Director

Ended

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	29/07/2025	13/09/2024	28/08/2023	03/05/2023	23/09/2021	24/11/2020
General meeting	30/06/2025	06/07/2024	31/07/2023	27/08/2022	25/08/2021	31/10/2020
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
Abridged model	31/12/2024	30/06/2025	29/07/2025	Dutch	PDF
Abridged model	31/12/2023	06/07/2024	13/09/2024	Dutch	PDF
Abridged model	31/12/2022	31/07/2023	28/08/2023	Dutch	PDF
Abridged modelCorrection	31/12/2021	27/08/2022	03/05/2023	Dutch	PDF
Abridged model	31/12/2021	27/08/2022	13/09/2022	Dutch	PDF
Abridged model	31/12/2020	25/08/2021	23/09/2021	Dutch	PDF
Abridged model	31/12/2019	31/10/2020	24/11/2020	Dutch	PDF
Abridged model	31/12/2018	31/07/2019	29/08/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	27/07/2018	Dutch	PDF
Abridged model	31/12/2016	17/06/2017	13/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	29/07/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	25/07/2015	Dutch	PDF
Abridged model	31/12/2013	21/06/2014	25/06/2014	Dutch	PDF
Abridged model	31/12/2012	15/06/2013	20/06/2013	Dutch	PDF
Abridged model	31/12/2011	14/07/2012	13/08/2012	Dutch	PDF
Abridged model	31/12/2010	09/07/2011	03/08/2011	Dutch	PDF
Abridged model	31/12/2009	19/06/2010	07/07/2010	Dutch	PDF
Abridged model	31/12/2008	11/07/2009	30/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/08/2008	23/09/2008	Dutch	PDF
Abridged model	31/12/2006	16/06/2007	21/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 31/12/2024 · 1 active · 4 ended

Active mandates

Bart Ceulemans

Director · since 23 juin 2004

Active

Ended mandates

Elke Hendrickx

Manager · since 25 avril 2013 · until 20 janvier 2019

Ended

Elke Hendrickx

Manager · since 25 avril 2013

Ended

Bart Ceulemans

Manager · since 23 juin 2004

Ended

Bart Ceulemans

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/07/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/03/2019
ONTSLAGEN - BENOEMINGEN
PDF
Other17/07/2013
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates23/05/2013
ONTSLAGEN - BENOEMINGEN
PDF
Other06/07/2004
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

2024
Annual accounts 202496,4 k €↓
2023
Annual accounts 2023401,2 k €↑
2022
Annual accounts 2022-125,8 k €↓
2021
Annual accounts 2021237,6 k €↓
2020
Annual accounts 2020551,7 k €↓
2019
Annual accounts 2019783,1 k €↑
2018
Annual accounts 201897,5 k €↓
2017
Annual accounts 2017127 k €↓
2016
Annual accounts 2016269,6 k €↑
2015
Annual accounts 2015259,3 k €↑
2014
Annual accounts 201414,6 k €↑
2013
Annual accounts 2013-293,2 k €↓
2012
Annual accounts 2012-31,7 k €↑
2011
Annual accounts 2011-136,8 k €↓
2010
Annual accounts 2010113,9 k €↓
2009
Annual accounts 2009441,8 k €↑
2008
Annual accounts 2008-354,7 k €↓
2007
Annual accounts 2007-80,8 k €↓
2006
Annual accounts 2006-7,5 k €
28/06/2004
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

GROBAR

Overview

What does GROBAR do?

Trend over 19 financial years

Indicative valuation

Board of directors

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