Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 20 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Growth Financial from Marche-en-Famenne, company number BE0819455109, closed financial year 2025 with a result of € -28,326 after tax. For that financial year Growth Financial recorded a gross margin of € -9,520 and equity of € -48,913. Compared with financial year 2024, the result moved from € -52,541 to € -28,326. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ -48,913
▼ € 28,326 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -28,326
▲ 46 % less loss than in 2024
Profit after tax over the fiscal year.
€ 23,276
▼ 19% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -148,913.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 9,757
▼ 67% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,963
▼ 33% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -24,171 | € 30,388 | € -34,023 | € -9,520 | ▲ € 24,503 |
| Profit after taxes | € -42,749 | € -21,849 | € -52,541 | € -28,326 | ▲ € 24,215 |
| Equity | € -46,197 | € -68,046 | € -20,587 | € -48,913 | ▼ € 28,326 |
| Total debts | € 100,628 | € 145,405 | € 147,282 | € 130,173 | ▼ 12% |
| Cash | € 7,293 | € 46,365 | € 28,650 | € 23,276 | ▼ 19% |
| Retained profit | € -466,403 | € -488,252 | € -120,587 | € -148,913 | ▼ € 28,326 |
| Bank debt | € 34 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 54,431 | € 77,359 | € 126,696 | € 81,260 | ▼ 36% |
Key figures of Growth Financial, 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 Growth Financial?
What happened at Growth Financial in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 28,326. Source: NBB ↗
- JUAN ETTEMA became a director. NBB
- New establishment in Sint-Lambrechts-Woluwe. KBO
- XANADIS SRL became a director. NBB
- OKIPIO MANAGEMENT SRL became a director. NBB
- New establishment in Marche-en-Famenne. KBO
- Start of the company according to the CBE. KBO
In short
From € 42,749 loss in 2022 to € 28,326 loss 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 XANADIS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Growth FinancialBehind Growth Financial are XANADIS SRL, OKIPIO MANAGEMENT SRL and JUAN ETTEMA. The shares are held by XANADIS (20%).
Directors
According to the 2025 annual accounts
since 2020
since 2020
JUAN ETTEMA
Director
since 2025
Shareholders
20%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Aye, Rue du Vivier 54
6900 Marche-en-Famenne
Louis Gribaumontlaan 106
1200 Sint-Lambrechts-Woluwe
Active since 28 October 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0819.455.109
- VAT number
- BE 0819.455.109
- Registered office
- Aye, Rue du Vivier 54, 6900 Marche-en-Famenne
- Names & denominations
- Growth Financial
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 October 2009
- Peppol
- Active · Active since 24 Dec 2025
- Activities · NACE
Activiteiten van holdings
Holdings
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