Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
14 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ETABLISSEMENTS ED. BLOCK from Gent, company number BE0442903681, closed financial year 2025 with a result of € -1.8 million after tax. For that financial year ETABLISSEMENTS ED. BLOCK recorded a gross margin of € 1.8 million and equity of € 10.2 million. Compared with financial year 2024, the result moved from € -3.5 million to € -1.8 million. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 13, 2026.
€ 10.2 million
▼ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.8 million
▲ 47 % less loss than in 2024
Profit after tax over the fiscal year.
€ 856,379
▲ 51% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.7 million.
Debts at end 2025
€ 17.8 million
▼ 2% vs 2024
€ 318,188 is repaid this year. At this pace the long-term loan is gone in ≈ 56 years.
€ 1.7 million
▲ 10% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,027
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 706,717 | € 946,630 | - | - | |
| Gross margin | - | - | € 876,225 | € 1,838,964 | ▲ 110% |
| Profit after taxes | € 235,216 | € -1,147,914 | € -3,450,225 | € -1,830,257 | ▲ € 1.6 million |
| Equity | € 9,295,689 | € 15,461,226 | € 12,011,001 | € 10,180,743 | ▼ 15% |
| Total debts | € 7,291,014 | € 29,522,182 | € 34,820,686 | € 61,629,034 | ▲ 77% |
| Cash | € 527,874 | € 17,461 | € 567,152 | € 856,379 | ▲ 51% |
| Land & buildings | € 2,214,845 | € 2,198,077 | € 2,194,149 | € 2,087,395 | ▼ 5% |
| Retained profit | € 8,096,977 | € 7,009,960 | € 3,559,734 | € 1,729,477 | ▼ 51% |
| Bank debt | € 2,679,806 | € 18,374,629 | € 18,094,014 | € 17,782,044 | ▼ 2% |
| Balance sheet total | € 18,274,091 | € 46,501,456 | € 47,951,654 | € 72,850,714 | ▲ 52% |
Key figures of ETABLISSEMENTS ED. BLOCK, 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 ETABLISSEMENTS ED. BLOCK?
What happened at ETABLISSEMENTS ED. BLOCK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1.8 million. Source: NBB ↗
- Ronnie Gross stepped down as director. NBB
- Etai Gross stepped down as director. NBB
- Granit Europe NV stepped down as director. NBB
- TLSG Holding LLC stepped down as director. NBB
- Ronnie Gross became a director. NBB
- Etai Gross became a director. NBB
- Granit Europe NV became a director. NBB
In short
From € 235,216 profit in 2022 to € 1.8 million loss in 2025.
Paid € 76,500 in corporate taxes since 2022.
Best year ever: 2022, with € 235,216 profit.
Management
The shares are held by Granit Europe NV (99.6%) and TLSG Holding LLC (0.4%).
Directors
According to the 2025 annual accounts
Ronnie Gross
Director
Also active at: KOEPOORTKAAI, GRANIT HOTEL MANAGEMENT, GRANIT MRI, Granit Europe, GRANIT AKKERHAGE, GRANIT EVENT CENTER, GRANIT CY GHENT
since 2020 · until 2026
Etai Gross
Director
Also active at: GRANIT HOTEL MANAGEMENT, GRANIT MRI, Granit Europe, GRANIT EVENT CENTER, GRANIT CY GHENT
since 2020 · until 2026
Managing director · represented by Karolien De Brouwer
Also active at: KOEPOORTKAAI, GRANIT HOTEL MANAGEMENT, GRANIT PROMOTIONS, GRANIT MRI, Granit Development, GRANIT AKKERHAGE, GRANIT EVENT CENTER, GRANIT CY GHENT
since 2020 · until 2026
TLSG Holding LLC
Managing director · represented by Harry Gross
since 2020 · until 2026
Shareholders
99.6%
0.4%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Industriepark-Drongen 14 box 111
9031 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 14 companies are registered at this address.
All companies at this address →KOEPOORTKAAI same network
€ 2.3 million gross margin · 2025
DURABLE BELGIUM
€ 637,790 gross margin · 2025
GRANIT HOTEL MANAGEMENT same network
€ 3.6 million gross margin · 2025
GRANIT PROMOTIONS same network
€ -450,496 gross margin · 2025
RT CHEM
€ 345,480 gross margin · 2023
+9 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0442.903.681
- VAT number
- BE 0442.903.681
- Registered office
- Industriepark-Drongen 14 bus 111, 9031 Gent
- Names & denominations
- ETABLISSEMENTS ED. BLOCK · ETS. ED.BLOCK
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 December 1990
- Peppol
- Active · Active since 18 Mar 2026
- Activities · NACE
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