Financials
Financial year 2025
Grunewood Projects from Oudenburg, company number BE0777523492, closed financial year 2025 with a result of € 5,363 after tax. For that financial year Grunewood Projects recorded a gross margin of € 34,668 and equity of € 13,621. Compared with financial year 2024, the result moved from € 726 to € 5,363. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 5, 2026.
€ 13,621
▲ 65% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5,363
▲ € 4,637 vs 2024
Profit after tax over the fiscal year.
€ 7,906
▼ 58% 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 € 9,621.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 4,618
▼ 43% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 80,515
▼ 7% vs 2024
€ 7,030 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 2,357
▼ 37% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,679
▲ 233% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 14,795 | € 20,534 | € 27,331 | € 34,668 | ▲ 27% |
| Profit after taxes | € 3,122 | € 410 | € 726 | € 5,363 | ▲ € 4,637 |
| Equity | € 7,122 | € 7,532 | € 8,258 | € 13,621 | ▲ 65% |
| Total debts | € 175,183 | € 181,810 | € 192,066 | € 165,663 | ▼ 14% |
| Cash | € 4,050 | € 10,998 | € 18,688 | € 7,906 | ▼ 58% |
| Land & buildings | € 78,456 | € 75,191 | € 71,925 | € 68,659 | ▼ 5% |
| Retained profit | € 3,122 | € 3,532 | € 4,258 | € 9,621 | ▲ 126% |
| Bank debt | € 86,492 | € 93,072 | € 87,037 | € 80,515 | ▼ 7% |
| Balance sheet total | € 182,305 | € 189,343 | € 200,324 | € 179,284 | ▼ 11% |
Key figures of Grunewood Projects, 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 Grunewood Projects?
What happened at Grunewood Projects in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 5,363 (▲ € 4,637 vs 2024). Source: NBB ↗
- New establishment in Oudenburg. KBO
- Start of the company according to the CBE. KBO
In short
From € 3,122 profit in 2022 to € 5,363 profit in 2025.
Paid € 3,524 in corporate taxes since 2022.
Best year ever: 2025, with € 5,363 profit.
Management
Behind Grunewood Projects is Tom Grunewald.
Directors
According to the 2025 annual accounts
Tom Grunewald
Director
Establishments
Establishment units
Physical locations of this company
Brugsesteenweg 17
8460 Oudenburg
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0777.523.492
- VAT number
- BE 0777.523.492
- Registered office
- Brugsesteenweg 17, 8460 Oudenburg
- Names & denominations
- Grunewood Projects
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 November 2021
- Peppol
- Active · Active since 6 May 2024
- Activities · NACE
Schrijnwerk
Vervaardiging van kantoor- en winkelmeubelen
Vervaardiging van keukenmeubelen
Vervaardiging van andere meubelen, neg
Plaatsen van vloerbedekking en wandbekleding van hout
Vervaardiging van tuin- en terrasmeubelen