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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Shrinking team NBB
FTE fell two years in a row, from 7.7 to 6.6.
Financials
Financial year 2025
Growfunding from Brussel, company number BE0657921306, closed financial year 2025 with a result of € -45,971 after tax. For that financial year Growfunding recorded revenue of € 288,159 and equity of € 425,236. Compared with financial year 2024, the result moved from € -41,619 to € -45,971. The company made a loss. 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 July 22, 2026.
€ 425,236
▲ 57% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -45,971
▼ 10 % more loss than in 2024
Profit after tax over the fiscal year.
€ 118,025
▼ 11% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
6.6
▼ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 472,708
▼ 9% vs 2024
€ 71,600 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.
Debts at end 2025
€ 60,000
Loans from banks and other lenders, long and short.
€ 71,642
▲ € 59,778 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 90,038
▲ 55% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 97,954 | - | € 142,460 | € 288,159 | ▲ 102% |
| Gross margin | € 495,256 | € 558,288 | € 533,346 | € 542,611 | ▲ 2% |
| Profit after taxes | € 15,697 | € 39,403 | € -41,619 | € -45,971 | ▼ € 4,352 |
| Equity | € 221,509 | € 260,912 | € 270,593 | € 425,236 | ▲ 57% |
| Total debts | € 128,197 | € 127,008 | € 81,789 | € 258,675 | ▲ 216% |
| Cash | € 136,072 | € 145,383 | € 132,403 | € 118,025 | ▼ 11% |
| Land & buildings | - | - | - | € 394,145 | |
| Retained profit | € 96,658 | € 136,061 | € 94,442 | € 48,470 | ▼ 49% |
| Bank debt | € 0 | € 0 | € 0 | € 60,000 | |
| Balance sheet total | € 349,707 | € 387,920 | € 352,382 | € 683,911 | ▲ 94% |
| Employees (FTE) | - | 7.7 | 7.4 | 6.6 | ▼ 0.8 |
Key figures of Growfunding, 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 Growfunding?
What happened at Growfunding in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 45,971. Source: NBB ↗
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 15,697 profit in 2022 to € 45,971 loss in 2025.
Best year ever: 2023, with € 39,403 profit.
On average € 82,200 of value added per employee in 2025.
Management
Behind Growfunding are Jan Claeys, Joeri Colson, Abdekarim Bellafkih, Caroline Daniels, Johan Kerkhoven and Lydia Vandam. Jan Claeys is also behind jes.
Directors
According to the 2025 annual accounts
Joeri Colson
Director
Abdekarim Bellafkih
Director
Caroline Daniels
Chairman of the board
Johan Kerkhoven
Director
Lydia Vandam
Director
Establishments
Establishment units
Physical locations of this company
Olivetenhof 2
1000 Brussel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0657.921.306
- VAT number
- BE 0657.921.306
- Registered office
- Olivetenhof 2, 1000 Brussel
- Names & denominations
- Growfunding
- Enterprise type
- Rechtspersoon
- Legal form
- Non-profit association
- Legal situation
- Normale toestand
- Start date
- 1 July 2016
- Peppol
- Active · Active since 24 Nov 2023
- Activities · NACE
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