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 2023 and 2025.
Financials
Financial year 2025
The Grass Company from Merelbeke-Melle, company number BE0881213623, closed financial year 2025 with a result of € -422,669 after tax. For that financial year The Grass Company recorded revenue of € 3.6 million and equity of € 383,620. Compared with financial year 2023, the result moved from € -1.1 million to € -422,669. The company made a loss. The buffer shrank hard: equity is 63 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 28, 2026.
€ 383,620
▼ 63% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -422,669
▲ 60 % less loss than in 2023
Profit after tax over the fiscal year.
€ 364,597
▼ 22% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 273,444.
People and assets in 2025
7.6
▲ 0.2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 493,331
▲ 16% vs 2023
€ 64,900 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.
€ 35,898
▼ 60% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.8 million
Loans from banks and other lenders, long and short.
€ 234,569
▼ 55% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 27 days on average.
€ 84,804
▼ 6% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2025 | Change 2023 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 8,844,037 | € 7,019,055 | € 4,835,900 | € 3,562,955 | ▼ 26% |
| Profit after taxes | € 478,875 | € -1,102,690 | € -1,069,282 | € -422,669 | ▲ € 646,613 |
| Equity | € 3,954,305 | € 2,851,616 | € 1,032,334 | € 383,620 | ▼ 63% |
| Total debts | € 4,028,852 | € 4,138,549 | € 3,848,598 | € 3,214,539 | ▼ 16% |
| Cash | € 434,764 | € 543,000 | € 469,949 | € 364,597 | ▼ 22% |
| Retained profit | € 3,844,130 | € 2,741,440 | € 922,158 | € 273,444 | ▼ 70% |
| Dividend | € 0 | € 0 | € 750,000 | € 0 | ▼ 100% |
| Bank debt | € 2,818,067 | € 2,809,446 | € 2,800,823 | € 2,797,454 | |
| Balance sheet total | € 7,983,157 | € 6,990,165 | € 4,880,932 | € 3,598,159 | ▼ 26% |
| Employees (FTE) | 10.7 | 10.7 | 7.4 | 7.6 | ▲ 0.2 |
Key figures of The Grass Company, fiscal years 2021 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 The Grass Company?
What happened at The Grass Company in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 422,669. Source: NBB ↗
- Jan Teekens became a director. NBB
- Michaël Vogel became a director. NBB
- New establishment in Merelbeke-Melle. KBO
- Start of the company according to the CBE. KBO
In short
From € 478,875 profit in 2021 to € 422,669 loss in 2025.
Paid € 218,696 in corporate taxes since 2021.
Best year ever: 2021, with € 478,875 profit.
Paid out € 750,000 in dividends to the owners in total.
A new publication or filing at The Grass Company? We notify you, reason included.
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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
Behind The Grass Company are Jan Teekens and Michaël Vogel. The shares are held by House of Grass NV (100%) and SLG Invest BV (0%). It owns 100% of Namgrass UK LTD and 45% of Namgrass France itself.
Directors
According to the 2025 annual accounts
Jan Teekens
Director
since 2025
Michaël Vogel
Director
since 2025
Shareholders
100%
Participations
Namgrass UK LTD
100%
Namgrass France
45%
Establishments
Establishment units
Physical locations of this company
Heidestraat 9
9820 Merelbeke-Melle
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0881.213.623
- VAT number
- BE 0881.213.623
- Registered office
- Heidestraat 9, 9820 Merelbeke-Melle
- Names & denominations
- The Grass Company
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 May 2006
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Landschapsverzorging
Diensten in verband met de landbouw; aanleg en onderhoud van tuinen en parken
Handelsbemiddeling in de niet-gespecialiseerde groothandel
Handelsbemiddeling in goederen, algemeen assortiment