Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 3.6 to 2.5.
Financials
Financial year 2025
GROVAM from Dendermonde, company number BE0461489376, closed financial year 2025 with a result of € 9,504 after tax. For that financial year GROVAM recorded a gross margin of € 296,544 and equity of € 291,943. Compared with financial year 2024, the result moved from € -32,997 to € 9,504. 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 March 17, 2026.
€ 291,943
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 9,504
▲ still € 32,997 loss in 2024
Profit after tax over the fiscal year.
€ 138,934
▲ 59% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 231,943.
People and assets in 2025
2.5
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 150,901
▲ 1% vs 2024
€ 60,400 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.
€ 333,502
▼ 25% vs 2024
Of which on lease € 323,857.
Debts at end 2025
€ 249,420
▼ 26% vs 2024
€ 73,757 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 41,607
▲ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 27,260
▲ 39% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 349,285 | € 409,738 | € 261,166 | € 296,544 | ▲ 14% |
| Profit after taxes | € 2,506 | € 114,354 | € -32,997 | € 9,504 | ▲ € 42,501 |
| Equity | € 291,081 | € 405,436 | € 282,439 | € 291,943 | ▲ 3% |
| Total debts | € 420,727 | € 503,965 | € 437,576 | € 358,250 | ▼ 18% |
| Cash | € 129,962 | € 127,749 | € 87,627 | € 138,934 | ▲ 59% |
| Retained profit | € 231,081 | € 345,436 | € 222,439 | € 231,943 | ▲ 4% |
| Dividend | € 0 | € 0 | € 90,000 | € 0 | ▼ 100% |
| Bank debt | € 363,635 | € 429,121 | € 336,950 | € 249,420 | ▼ 26% |
| Balance sheet total | € 711,808 | € 927,064 | € 732,321 | € 659,821 | ▼ 10% |
| Employees (FTE) | 5.7 | 3.6 | 2.6 | 2.5 | ▼ 0.1 |
Key figures of GROVAM, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to GROVAM?
What happened at GROVAM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 9,504. Source: NBB ↗
- M.D.V. BV became a director. NBB
- New establishment in Dendermonde. KBO
- Start of the company according to the CBE. KBO
- Jan Van Malderen became a director. NBB
In short
From € 2,506 profit in 2022 to € 9,504 profit in 2025.
Paid € 8,471 in corporate taxes since 2022.
Best year ever: 2023, with € 114,354 profit.
On average € 118,600 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of COSMO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GROVAMBehind GROVAM are M.D.V. BV and Jan Van Malderen. The shares are held by COSMO (100%).
Directors
According to the 2025 annual accounts
Director · represented by Mathieu Dewaelhens
Also active at: DE REIGER, COSMO, Lievens Industrial Technics, EMVI-Invest, JVL-Projects
since 2022
Jan Van Malderen
Director
since 1997
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Fabriekstraat (BAA) 41
9200 Dendermonde
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0461.489.376
- VAT number
- BE 0461.489.376
- Registered office
- Fabriekstraat (BAA) 41, 9200 Dendermonde
- Names & denominations
- GROVAM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 October 1997
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Bouwrijp maken van terreinen
Grondverzet
Goederenvervoer over de weg
Verhuur en lease van personenauto’s en andere lichte motorvoertuigen
Verhuisactiviteiten
Verhuur van auto's
Verhuisdiensten