ACTIVE

GRONDBALANS

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Financial year 2025 · closed on 30/09/2025

Net result

389,2 k €

-86.9% YoY

Gross margin

759,5 k €

-59.3% YoY

Equity

6,2 M €

+6.7% YoY

Workforce

4,0 ETP

+11.1% YoY

What does GRONDBALANS do?

GRONDBALANS is a Private limited company incorporated in 2005. Its main activity is: Site preparation. Its registered office is in Wuustwezel. It employs on average 4,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0875.403.323

Incorporation

03/08/2005

Legal form

Private limited company

Registered office

Kruisdreef 11
2990 Wuustwezel · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

30/09/2025

Average workforce

4,0 ETP

Activities (NACE)

43120Site preparation· main 43120Site preparation 45112Sale of cars and light motor vehicles 49410Freight transport by road 49410Freight transport by road 38219Treatment and disposal of non-hazardous waste+14

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	759,5 k €	-59.3%	1,9 M €	+88.6%	989,5 k €	+17.3%	843,6 k €	-15.9%	1 M €	+32.1%	759,6 k €	+41.0%	538,8 k €	+0.6%	535,7 k €	+55.2%	345,2 k €	+39.5%	247,4 k €	-33.6%	372,8 k €	+18.7%	314 k €	-10.0%	348,7 k €	-43.3%	615,4 k €	+53.9%	399,9 k €	+11.3%	359,2 k €	-28.6%	503,1 k €	+45.0%	347,1 k €
EBITDA	534,1 k €	-64.0%	1,5 M €	+72.1%	861,8 k €	+21.9%	706,9 k €	-17.9%	860,5 k €	+54.7%	556,2 k €	+40.1%	397 k €	-11.6%	449,3 k €	+31.3%	342,3 k €	+40.1%	244,4 k €	-33.8%	368,9 k €	+19.6%	308,4 k €	-5.9%	327,7 k €	-40.4%	550,1 k €	+63.7%	336,1 k €	+13.4%	296,3 k €	-33.3%	443,9 k €	+44.2%	307,9 k €
Operating result	390,5 k €	-68.3%	1,2 M €	+61.8%	762,5 k €	+29.4%	589,2 k €	-18.4%	721,9 k €	+73.1%	417 k €	+42.6%	292,5 k €	-19.1%	361,6 k €	+22.5%	295,2 k €	+37.3%	215,1 k €	-33.7%	324,2 k €	+23.2%	263 k €	-10.0%	292,4 k €	-42.6%	509,1 k €	+79.5%	283,6 k €	+9.1%	259,8 k €	-35.3%	401,6 k €	+65.5%	242,6 k €
Net result	389,2 k €	-86.9%	3 M €	+317%	715,3 k €	+36.5%	523,9 k €	+0.5%	521,4 k €	+51.2%	344,7 k €	+4.6%	329,6 k €	+69.0%	195,1 k €	-18.2%	238,5 k €	+41.5%	168,5 k €	-41.5%	288,1 k €	+30.0%	221,6 k €	+24.5%	178 k €	-47.3%	337,9 k €	+62.8%	207,6 k €	+15.6%	179,5 k €	-26.7%	245,1 k €	+57.6%	155,6 k €
Balance sheet
Equity	6,2 M €	+6.7%	5,8 M €	+105%	2,8 M €	+23.5%	2,3 M €	+3.5%	2,2 M €	+30.8%	1,7 M €	+25.5%	1,3 M €	+32.1%	1 M €	+11.5%	915,2 k €	+35.2%	676,7 k €	+33.2%	508,1 k €	+43.8%	353,3 k €	-12.1%	402,1 k €	+84.5%	217,9 k €	-76.3%	918,5 k €	-2.9%	946,2 k €	+23.4%	766,7 k €	+47.0%	521,6 k €
Total assets	8,2 M €	-8.0%	8,9 M €	+68.5%	5,3 M €	+39.7%	3,8 M €	+8.0%	3,5 M €	-6.3%	3,7 M €	+68.6%	2,2 M €	-5.1%	2,3 M €	+43.4%	1,6 M €	+38.3%	1,2 M €	-21.6%	1,5 M €	-17.9%	1,8 M €	+5.2%	1,7 M €	-9.4%	1,9 M €	+30.0%	1,5 M €	+8.7%	1,4 M €	-14.6%	1,6 M €	+45.7%	1,1 M €
Cash	1,4 M €	-61.4%	3,5 M €	+55.5%	2,3 M €	+39.7%	1,6 M €	+3.0%	1,6 M €	+59.0%	988,8 k €	+4.6%	945,5 k €	+19.5%	791,3 k €	+110%	376,2 k €	-26.0%	508,2 k €	+32.6%	383,2 k €	+51.1%	253,6 k €	-1.3%	257 k €	-14.4%	300,4 k €	-19.5%	373 k €	-60.5%	945,4 k €	+149%	379,3 k €	-35.7%	590,3 k €
Debts	2 M €	-35.8%	3,1 M €	+25.8%	2,4 M €	+65.3%	1,5 M €	+15.8%	1,3 M €	-37.5%	2 M €	+136%	859,9 k €	-34.1%	1,3 M €	+84.7%	706,7 k €	+44.4%	489,3 k €	-46.0%	906,5 k €	-35.0%	1,4 M €	+14.6%	1,2 M €	-25.7%	1,6 M €	+223%	506,5 k €	+44.8%	349,7 k €	-51.9%	726,8 k €	+49.7%	485,6 k €
Other
Workforce	4,0 ETP	+11.1%	3,6 ETP	+5.9%	3,4 ETP	+21.4%	2,8 ETP	0.0%	2,8 ETP	-22.2%	3,6 ETP	+24.1%	2,9 ETP	+26.1%	2,3 ETP		–		–		–		–		0,3 ETP	-70.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+42.9%	0,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 16 ended

Active mandates

MICHIEL VAN DEN HEUVEL

Director · since 21 août 2019

Active

Elmi Adviesbureau

Director · since 03 août 2018 · 0699.528.366

Represented by Paul Van Den Heuvel

Active

VR-M

Director · since 03 août 2018 · 0844.757.657

Represented by Christof Van Roey

Active

Ended mandates

Elmi Adviesbureau

Director · since 03 août 2018 · 0699.528.366

Represented by Paul Van Den Heuvel

Ended

Elmi Adviesbureau

Director · since 03 août 2018 · 0699.528.366

Represented by PAUL VAN DEN HEUVEL

Ended

Elmi Adviesbureau

Manager · since 03 août 2018 · 0699.528.366

Represented by Paul Van Den Heuvel

Ended

VR-M

Director · since 03 août 2018 · 0844.757.657

Represented by Christof Van Roey

Ended

At this address

Other companies at this address

Company	CBE no.
byPieternel● Active	1019.401.110
VAES● Active	0423.947.309
VDH-M● Active	0743.971.984

Annual accounts

Full financial information

	2025	2024	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	30/09/2025	30/09/2024	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	21 months	12 months	12 months	12 months	12 months
Filing date	30/04/2026	16/04/2025	10/07/2023	09/06/2022	10/05/2021	22/06/2020
General meeting	27/03/2026	10/04/2025	13/05/2023	14/05/2022	08/05/2021	09/05/2020
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	30/09/2025	27/03/2026	30/04/2026	Dutch	PDF
Abridged model	30/09/2024	10/04/2025	16/04/2025	Dutch	PDF
Abridged model	31/12/2022	13/05/2023	10/07/2023	Dutch	PDF
Abridged model	31/12/2021	14/05/2022	09/06/2022	Dutch	PDF
Abridged model	31/12/2020	08/05/2021	10/05/2021	Dutch	PDF
Abridged model	31/12/2019	09/05/2020	22/06/2020	Dutch	PDF
Abridged model	31/12/2018	11/05/2019	29/08/2019	Dutch	PDF
Abridged model	31/12/2017	12/05/2018	09/07/2018	Dutch	PDF
Abridged model	31/12/2016	13/05/2017	19/05/2017	Dutch	PDF
Abridged model	31/12/2015	14/05/2016	17/05/2016	Dutch	PDF
Abridged model	31/12/2014	09/05/2015	29/05/2015	Dutch	PDF
Abridged model	31/12/2013	10/05/2014	08/08/2014	Dutch	PDF
Abridged model	31/12/2012	11/05/2013	05/06/2013	Dutch	PDF
Abridged model	31/12/2011	07/03/2012	25/05/2012	Dutch	PDF
Abridged model	31/12/2010	14/05/2011	16/05/2011	Dutch	PDF
Abridged model	31/12/2009	08/05/2010	19/05/2010	Dutch	PDF
Abridged model	31/12/2008	09/05/2009	03/06/2009	Dutch	PDF
Abridged model	31/12/2007	11/05/2008	23/05/2008	Dutch	PDF
Abridged model	31/12/2006	12/05/2007	13/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 30/09/2025 · 3 active · 16 ended

Active mandates

MICHIEL VAN DEN HEUVEL

Director · since 21 août 2019

Active

Elmi Adviesbureau

Director · since 03 août 2018 · 0699.528.366

Represented by Paul Van Den Heuvel

Active

VR-M

Director · since 03 août 2018 · 0844.757.657

Represented by Christof Van Roey

Active

Ended mandates

Elmi Adviesbureau

Director · since 03 août 2018 · 0699.528.366

Represented by Paul Van Den Heuvel

Ended

Elmi Adviesbureau

Director · since 03 août 2018 · 0699.528.366

Represented by PAUL VAN DEN HEUVEL

Ended

Elmi Adviesbureau

Manager · since 03 août 2018 · 0699.528.366

Represented by Paul Van Den Heuvel

Ended

VR-M

Director · since 03 août 2018 · 0844.757.657

Represented by Christof Van Roey

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates11/09/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/10/2018
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares05/01/2018
KAPITAAL - AANDELEN
PDF
Mandates02/12/2015
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares03/01/2014
KAPITAAL - AANDELEN
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 2025389,2 k €↓
2024
Annual accounts 20243 M €↑
2022
Annual accounts 2022715,3 k €↑
2021
Annual accounts 2021523,9 k €↑
2020
Annual accounts 2020521,4 k €↑
2019
Annual accounts 2019344,7 k €↑
2018
Annual accounts 2018329,6 k €↑
2017
Annual accounts 2017195,1 k €↓
2016
Annual accounts 2016238,5 k €↑
2015
Annual accounts 2015168,5 k €↓
2014
Annual accounts 2014288,1 k €↑
2013
Annual accounts 2013221,6 k €↑
2012
Annual accounts 2012178 k €↓
2011
Annual accounts 2011337,9 k €↑
2010
Annual accounts 2010207,6 k €↑
2009
Annual accounts 2009179,5 k €↓
2008
Annual accounts 2008245,1 k €↑
2007
Annual accounts 2007155,6 k €
03/08/2005
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

GRONDBALANS

Overview

What does GRONDBALANS do?

Trend over 18 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