GRUBOR is a property company in Hasselt. Public Limited, started on 23 December 1999, 1 establishment.

What is the address of GRUBOR?

The registered office of GRUBOR is located at Onze-Lieve-Vrouwstraat 5, 3500 Hasselt.

Is GRUBOR still active?

Yes. According to the CBE (29 October 2026) GRUBOR is active, legal situation “Normale toestand”, started on 23 December 1999.

Is GRUBOR registered on Peppol?

Yes, GRUBOR is registered on the Peppol network with ID 0208:0468670643.

What is the enterprise number of GRUBOR?

The enterprise number of GRUBOR is BE0468670643.

When was GRUBOR founded?

GRUBOR was founded on 23 December 1999.

Who are the directors of GRUBOR?

According to the 2025 annual accounts, the directors of GRUBOR are: Jean-Claude Bormans.

Is GRUBOR a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 23 December 1999; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did GRUBOR make in 2025?

GRUBOR recorded a loss after taxes of € 33,044 in financial year 2025.

What is the revenue of GRUBOR?

As a small company, GRUBOR is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 210,100.

GRUBOR (Public Limited) - Hasselt - BE0468670643

Dossier GRUBOR, printed on 29 October 2026 from databakkes.be/en/0468670643/grubor. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Two loss years in a row NBB

Negative result in 2024 and 2025.
Tight liquidity NBB

Cash and receivables cover 7 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

GRUBOR from Hasselt, company number BE0468670643, closed financial year 2025 with a result of € -33,044 after tax. For that financial year GRUBOR recorded a gross margin of € 210,100 and equity of € 720,261. Compared with financial year 2024, the result moved from € -20,007 to € -33,044. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.

What it is worth Healthy

€ 720,261

▼ 4% vs 2024

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

Loss Caution

€ -33,044

▼ 65 % more loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 85,985

▼ 39% vs 2024

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

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 224,474.

People and assets in 2025

Vehicles and equipment

€ 20,199

▼ 26% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 7 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 968,237

▼ 45% vs 2024

€ 146,261 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.

Owed to suppliers

€ 52,847

▲ 15% vs 2024

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

Taxes and wages

€ 3,955

▲ 30% 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	€ 703,501 Gross margin 2022: € 703,501 First fiscal year in the series	€ 214,842 Gross margin 2023: € 214,842 ▼ 69% vs 2022 (€ 703,501) Unfavourable step	€ 197,242 Gross margin 2024: € 197,242 ▼ 8% vs 2023 (€ 214,842) Unfavourable step	€ 210,100 Gross margin 2025: € 210,100 ▲ 7% vs 2024 (€ 197,242) Favourable step	▲ 7%
Profit after taxes	€ 359,045 Profit after taxes 2022: € 359,045 First fiscal year in the series	€ 10,984 Profit after taxes 2023: € 10,984 ▼ 97% vs 2022 (€ 359,045) Unfavourable step	€ -20,007 Profit after taxes 2024: € -20,007 ▼ € 30,991 vs 2023 (€ 10,984) Unfavourable step	€ -33,044 Profit after taxes 2025: € -33,044 ▼ € 13,037 vs 2024 (€ -20,007) Unfavourable step	▼ € 13,037
Equity	€ 762,327 Equity 2022: € 762,327 First fiscal year in the series	€ 773,312 Equity 2023: € 773,312 ▲ 1% vs 2022 (€ 762,327) Favourable step	€ 753,305 Equity 2024: € 753,305 ▼ 3% vs 2023 (€ 773,312) Unfavourable step	€ 720,261 Equity 2025: € 720,261 ▼ 4% vs 2024 (€ 753,305) Unfavourable step	▼ 4%
Total debts	€ 3,271,177 Total debts 2022: € 3,271,177 First fiscal year in the series	€ 2,730,909 Total debts 2023: € 2,730,909 ▼ 17% vs 2022 (€ 3,271,177) Favourable step	€ 2,585,536 Total debts 2024: € 2,585,536 ▼ 5% vs 2023 (€ 2,730,909) Favourable step	€ 2,487,571 Total debts 2025: € 2,487,571 ▼ 4% vs 2024 (€ 2,585,536) Favourable step	▼ 4%
Cash	€ 133,285 Cash 2022: € 133,285 First fiscal year in the series	€ 123,281 Cash 2023: € 123,281 ▼ 8% vs 2022 (€ 133,285) Unfavourable step	€ 140,215 Cash 2024: € 140,215 ▲ 14% vs 2023 (€ 123,281) Favourable step	€ 85,985 Cash 2025: € 85,985 ▼ 39% vs 2024 (€ 140,215) Unfavourable step	▼ 39%
Land & buildings	€ 2,301,180 Land & buildings 2022: € 2,301,180 First fiscal year in the series	€ 2,258,779 Land & buildings 2023: € 2,258,779 ▼ 2% vs 2022 (€ 2,301,180) Unchanged	€ 2,174,886 Land & buildings 2024: € 2,174,886 ▼ 4% vs 2023 (€ 2,258,779) Unchanged	€ 2,077,678 Land & buildings 2025: € 2,077,678 ▼ 4% vs 2024 (€ 2,174,886) Unchanged	▼ 4%
Retained profit	€ 266,540 Retained profit 2022: € 266,540 First fiscal year in the series	€ 277,524 Retained profit 2023: € 277,524 ▲ 4% vs 2022 (€ 266,540) Favourable step	€ 257,518 Retained profit 2024: € 257,518 ▼ 7% vs 2023 (€ 277,524) Unfavourable step	€ 224,474 Retained profit 2025: € 224,474 ▼ 13% vs 2024 (€ 257,518) Unfavourable step	▼ 13%
Bank debt	€ 2,466,623 Bank debt 2022: € 2,466,623 First fiscal year in the series	€ 1,890,730 Bank debt 2023: € 1,890,730 ▼ 23% vs 2022 (€ 2,466,623) Favourable step	€ 1,744,695 Bank debt 2024: € 1,744,695 ▼ 8% vs 2023 (€ 1,890,730) Favourable step	€ 968,237 Bank debt 2025: € 968,237 ▼ 45% vs 2024 (€ 1,744,695) Favourable step	▼ 45%
Balance sheet total	€ 4,201,213 Balance sheet total 2022: € 4,201,213 First fiscal year in the series	€ 3,670,379 Balance sheet total 2023: € 3,670,379 ▼ 13% vs 2022 (€ 4,201,213) Unchanged	€ 3,503,449 Balance sheet total 2024: € 3,503,449 ▼ 5% vs 2023 (€ 3,670,379) Unchanged	€ 3,370,890 Balance sheet total 2025: € 3,370,890 ▼ 4% vs 2024 (€ 3,503,449) Unchanged	▼ 4%

Key figures of GRUBOR, 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 GRUBOR?

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

Sep 30, 2026 New annual accounts for financial year 2025: loss of € 33,044. filed late Source: NBB ↗
2023 Jean-Claude Bormans became a director. NBB
Apr 25, 2000 New establishment in Hasselt. KBO
Dec 23, 1999 Start of the company according to the CBE. KBO

In short

From € 359,045 profit in 2022 to € 33,044 loss in 2025.

Paid € 119 in corporate taxes since 2022.

Best year ever: 2022, with € 359,045 profit.

Original PDFs at the National Bank ↗

Management

Jean-Claude Bormans

GRUBOR

Grutman Home Decor 88.2%

Behind GRUBOR is Jean-Claude Bormans. It owns 88.2% of Grutman Home Decor itself.

Directors

According to the 2025 annual accounts

Jean-Claude Bormans

Managing director

Also active at: GRUTMAN HOME DECOR, SINT-BERNARDUS CARE

since 2023

Establishments

Establishment units

Physical locations of this company

Registered office

Onze-Lieve-Vrouwstraat 5

3500 Hasselt

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.

All companies at this address →

GRUTMAN HOME DECOR same network

€ 834,626 gross margin · 2026

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€ 63,268 gross margin · 2025

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€ 10,160 gross margin · 2025

BTW-EENHEID GRUTMAN

Familie Schraepen

+2 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: 0468.670.643
VAT number: BE 0468.670.643
Registered office: Onze-Lieve-Vrouwstraat 5, 3500 Hasselt
Names & denominations: GRUBOR
Enterprise type: Rechtspersoon
Legal form: Public limited company
Legal situation: Normale toestand
Start date: 23 December 1999
Peppol: Active · Active since 16 Mar 2026
Activities · NACE: Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen

View on CBE Public ↗ Annual accounts (NBB) ↗