What is the address of Groterm?

The registered office of Groterm is located at Industrielaan 14, 8820 Torhout.

Is Groterm still active?

Yes. According to the CBE (29 October 2026) Groterm is active, legal situation “Normale toestand”, started on 1 January 1971.

Is Groterm registered on Peppol?

Yes, Groterm is registered on the Peppol network with ID 0208:0408054848.

What is the enterprise number of Groterm?

The enterprise number of Groterm is BE0408054848.

When was Groterm founded?

Groterm was founded on 1 January 1971.

Who are the directors of Groterm?

According to the 2025 annual accounts, the directors of Groterm are: Polman BV.

Is Groterm a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 1 January 1971; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did Groterm make in 2025?

Groterm posted a profit after taxes of € 114,783 in financial year 2025.

What is the revenue of Groterm?

As a small company, Groterm is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 1,397,290.

How much does an employee at Groterm earn?

The average wage cost per full-time employee at Groterm was € 67,500 in 2025: staff costs of € 1.3 million for 18.7 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Groterm have?

According to the 2025 annual accounts, Groterm has 18.7 full-time equivalents (FTE).

Groterm (Private Limited) - Torhout - BE0408054848

Q: What does Groterm do?

Groterm is registered with the CBE as active in: Installatie van verwarming, klimaatregeling en ventilatie. Private Limited, started on 1 January 1971, 1 establishment.

Dossier Groterm, printed on 29 October 2026 from databakkes.be/en/0408054848/groterm. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

Groterm from Torhout, company number BE0408054848, closed financial year 2025 with a result of € 114,783 after tax. For that financial year Groterm recorded a gross margin of € 1.4 million and equity of € 1.3 million. Compared with financial year 2024, the result moved from € -36,928 to € 114,783. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 12, 2026.

What it is worth Growing

€ 1.3 million

▲ 4% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 114,783

▲ still € 36,928 loss in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 559,086

▲ 31% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 65,000 paid out

57 % of the profit went to the shareholders, the rest stayed in the company.

People and assets in 2025

Full-time equivalents

18.7

▼ 1.2 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 1.3 million

▼ 3% vs 2024

€ 67,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 21,331

▼ 42% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 103,884

▼ 20% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 137,040

▼ 10% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 1,349,125 Gross margin 2022: € 1,349,125 First fiscal year in the series	€ 1,446,758 Gross margin 2023: € 1,446,758 ▲ 7% vs 2022 (€ 1,349,125) Favourable step	€ 1,293,908 Gross margin 2024: € 1,293,908 ▼ 11% vs 2023 (€ 1,446,758) Unfavourable step	€ 1,397,290 Gross margin 2025: € 1,397,290 ▲ 8% vs 2024 (€ 1,293,908) Favourable step	▲ 8%
Profit after taxes	€ 168,759 Profit after taxes 2022: € 168,759 First fiscal year in the series	€ 128,328 Profit after taxes 2023: € 128,328 ▼ 24% vs 2022 (€ 168,759) Unfavourable step	€ -36,928 Profit after taxes 2024: € -36,928 ▼ € 165,255 vs 2023 (€ 128,328) Unfavourable step	€ 114,783 Profit after taxes 2025: € 114,783 ▲ € 151,711 vs 2024 (€ -36,928) Favourable step	▲ € 151,711
Equity	€ 1,406,021 Equity 2022: € 1,406,021 First fiscal year in the series	€ 1,265,878 Equity 2023: € 1,265,878 ▼ 10% vs 2022 (€ 1,406,021) Unfavourable step	€ 1,228,950 Equity 2024: € 1,228,950 ▼ 3% vs 2023 (€ 1,265,878) Unfavourable step	€ 1,278,733 Equity 2025: € 1,278,733 ▲ 4% vs 2024 (€ 1,228,950) Favourable step	▲ 4%
Total debts	€ 480,152 Total debts 2022: € 480,152 First fiscal year in the series	€ 417,771 Total debts 2023: € 417,771 ▼ 13% vs 2022 (€ 480,152) Favourable step	€ 281,169 Total debts 2024: € 281,169 ▼ 33% vs 2023 (€ 417,771) Favourable step	€ 305,924 Total debts 2025: € 305,924 ▲ 9% vs 2024 (€ 281,169) Unfavourable step	▲ 9%
Cash	€ 389,630 Cash 2022: € 389,630 First fiscal year in the series	€ 466,033 Cash 2023: € 466,033 ▲ 20% vs 2022 (€ 389,630) Favourable step	€ 426,809 Cash 2024: € 426,809 ▼ 8% vs 2023 (€ 466,033) Unfavourable step	€ 559,086 Cash 2025: € 559,086 ▲ 31% vs 2024 (€ 426,809) Favourable step	▲ 31%
Land & buildings	€ 5,825 Land & buildings 2022: € 5,825 First fiscal year in the series	€ 4,348 Land & buildings 2023: € 4,348 ▼ 25% vs 2022 (€ 5,825) Unchanged	€ 2,871 Land & buildings 2024: € 2,871 ▼ 34% vs 2023 (€ 4,348) Unchanged	€ 1,626 Land & buildings 2025: € 1,626 ▼ 43% vs 2024 (€ 2,871) Unchanged	▼ 43%
Retained profit	€ 1,375,021 Retained profit 2022: € 1,375,021 First fiscal year in the series	€ 1,234,878 Retained profit 2023: € 1,234,878 ▼ 10% vs 2022 (€ 1,375,021) Unfavourable step	€ 1,197,950 Retained profit 2024: € 1,197,950 ▼ 3% vs 2023 (€ 1,234,878) Unfavourable step	€ 1,247,733 Retained profit 2025: € 1,247,733 ▲ 4% vs 2024 (€ 1,197,950) Favourable step	▲ 4%
Dividend	€ 100,000 Dividend 2022: € 100,000 First fiscal year in the series	€ 268,471 Dividend 2023: € 268,471 ▲ 168% vs 2022 (€ 100,000) Unchanged	€ 0 Dividend 2024: € 0 ▼ 100% vs 2023 (€ 268,471) Unchanged	€ 65,000 Dividend 2025: € 65,000 Unchanged (€ 0) Unchanged
Balance sheet total	€ 1,886,174 Balance sheet total 2022: € 1,886,174 First fiscal year in the series	€ 1,683,649 Balance sheet total 2023: € 1,683,649 ▼ 11% vs 2022 (€ 1,886,174) Unchanged	€ 1,510,119 Balance sheet total 2024: € 1,510,119 ▼ 10% vs 2023 (€ 1,683,649) Unchanged	€ 1,584,657 Balance sheet total 2025: € 1,584,657 ▲ 5% vs 2024 (€ 1,510,119) Unchanged	▲ 5%
Employees (FTE)	18.3 Employees (FTE) 2022: 18.3 First fiscal year in the series	20.7 Employees (FTE) 2023: 20.7 ▲ 2.4 vs 2022 (18.3) Unchanged	19.9 Employees (FTE) 2024: 19.9 ▼ 0.8 vs 2023 (20.7) Unchanged	18.7 Employees (FTE) 2025: 18.7 ▼ 1.2 vs 2024 (19.9) Unchanged	▼ 1.2

Key figures of Groterm, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to Groterm?

What happened at Groterm in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Aug 12, 2026 New annual accounts for financial year 2025: profit of € 114,783. filed late Source: NBB ↗
May 1, 1971 New establishment in Torhout. KBO
Jan 1, 1971 Start of the company according to the CBE. KBO

In short

From € 168,759 profit in 2022 to € 114,783 profit in 2025.

Paid € 11,120 in corporate taxes since 2022.

Best year ever: 2022, with € 168,759 profit.

On average € 74,700 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

Polman BV

Groterm

Behind Groterm is Polman BV.

Directors

According to the 2025 annual accounts

Polman BV

Director · represented by Bart Pollet

Establishments

Establishment units

Physical locations of this company

Registered office

Industrielaan 14

8820 Torhout

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.

All companies at this address →

BTW eenheid GPE

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0408.054.848

VAT number

BE 0408.054.848

Registered office

Industrielaan 14, 8820 Torhout

Names & denominations

Groterm

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

1 January 1971

Peppol

Active · Active since 20 May 2025

Activities · NACE

Installatie van verwarming, klimaatregeling en ventilatie

Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit

Algemene elektrotechnische installatiewerken

Sanitaire werkzaamheden

Elektrische installatie

Overig loodgieterswerk

View on CBE Public ↗ Annual accounts (NBB) ↗

Groterm

Financials

What happened to Groterm?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions