BD GRID
ActiveSummary
BD GRID has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €174,185 and a net result of -€1,099. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 7868 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability36▲+20
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 20.37 against 22.05 in 2024; short-term debt: 4.9% and cash: 99% of total assets), and 4.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€1,099
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 24-02-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
on the day
2023
29 d late
2022
1 d early
2021
on the day
2020
26 d late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€174,185▼ 0.6%
2024 · €175,284
Total assets
€183,178▼ 0.8%
2024 · €184,742
Net result
-€1,099▲ 93.2%
2024 · -€16,123
Working capital
€174,185▼ 1.2%
2024 · €176,364
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€26,164▲ 16.1%€1,771€111,441▲ 6,194%-€16,339-€4,259▲ 73.9%
Net result-€26,434▲ 15.6%€1,313€110,896▲ 8,345%-€16,123-€1,099▲ 93.2%
Equity€79,198▼ 25.0%€80,511▲ 1.7%€191,408▲ 138%€175,284▼ 8.4%€174,185▼ 0.6%
Total assets€287,406▼ 7.5%€265,055▼ 7.8%€203,849▼ 23.1%€184,742▼ 9.4%€183,178▼ 0.8%
Debt€69,391▲ 4.5%€45,727▼ 34.1%€12,441▼ 72.8%€9,457▼ 24.0%€8,993▼ 4.9%
Working capital€218,685▼ 10.7%€198,063▼ 9.4%€192,458▼ 2.8%€176,364▼ 8.4%€174,185▼ 1.2%
Staff (FTE)4.7▲ 9.3%3.8▼ 19.1%3.3▼ 13.2%0▼ 100%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4,259 in 2025 against €16,339 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €183,178
Equity
€174,185 ▼ 0.6%
Debt
€8,993 ▼ 4.9%
Debt's share of the balance-sheet total falls from 5.1% to 4.9%. Equity and debt are lower.
Key figures and ratios
Current ratio
20.37▼
2024 · 22.05
Debt to equity
0.05▼
2024 · 0.05
ROE
-0.6%▲
2024 · -9.2%
ROA
-0.6%▲
2024 · -8.7%
Debt ≤ 1 year
€8,993▲
2024 · €8,377
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €182,444 | €93,773 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €555 | €1,783 | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €3,337 | €0 | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | -€138,817 | €0 | - | - |
| Other operating charges640/8 | - | €751 | €5,470 | €0 | €326 | - |
| Gross operating margin9900 | €211,722 | €186,748 | €75,205 | -€16,339 | -€3,933 | ▲ 75.9% |
| Operating profit (loss)9901 | -€26,164 | €1,771 | €111,441 | -€16,339 | -€4,259 | ▲ 73.9% |
| Financial income75/76B | - | €110 | €49 | €641 | €3,680 | ▲ 474% |
| Recurring financial income75 | €199 | €110 | €49 | €641 | €3,680 | ▲ 474% |
| Financial charges65/66B | - | €380 | €455 | €425 | €521 | ▲ 22.6% |
| Recurring financial charges65 | €300 | €380 | €455 | €425 | €521 | ▲ 22.6% |
| Profit (loss) for the period before taxes9903 | -€26,264 | €1,501 | €111,034 | -€16,123 | -€1,099 | ▲ 93.2% |
| Income taxes67/77 | €170 | €187 | €138 | €0 | - | - |
| Profit (loss) for the period9904 | -€26,434 | €1,313 | €110,896 | -€16,123 | -€1,099 | ▲ 93.2% |
| Profit (loss) for the period to be appropriated9905 | -€26,434 | €1,313 | €110,896 | -€16,123 | -€1,099 | ▲ 93.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €287,406 | €265,055 | €203,849 | €184,742 | €183,178 | ▼ 0.8% |
| Fixed assets21/28 | €310 | €22,245 | - | - | - | - |
| Tangible fixed assets22/27 | €310 | €22,245 | - | - | - | - |
| Plant, machinery and equipment23 | - | €1,353 | - | - | - | - |
| Furniture and vehicles24 | - | €20,892 | - | - | - | - |
| Current assets29/58 | €287,096 | €242,810 | €203,849 | €184,742 | €183,178 | ▼ 0.8% |
| Stocks and contracts in progress3 | €24,808 | €22,487 | - | - | - | - |
| Stocks30/36 | - | €22,487 | - | - | - | - |
| Amounts receivable within one year40/41 | €52,612 | €47,199 | €7,833 | €2,277 | €1,915 | ▼ 15.9% |
| Trade receivables40 | - | €45,828 | €7,799 | €2,045 | €794 | ▼ 61.1% |
| Other amounts receivable41 | - | €1,371 | €35 | €233 | €1,121 | ▲ 382% |
| Cash at bank and in hand54/58 | €209,442 | €172,795 | €196,016 | €182,464 | €181,262 | ▼ 0.7% |
| Deferred charges and accrued income490/1 | - | €329 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €287,406 | €265,055 | €203,849 | €184,742 | €183,178 | ▼ 0.8% |
| Equity10/15 | €79,198 | €80,511 | €191,408 | €175,284 | €174,185 | ▼ 0.6% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €17,198 | €18,511 | €129,408 | €113,284 | €112,185 | ▼ 1.0% |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | - | €12,311 | €123,208 | €107,084 | €105,985 | ▼ 1.0% |
| Provisions and deferred taxes16 | €138,817 | €138,817 | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | €138,817 | - | - | - | - |
| Other liabilities and charges164/5 | - | €138,817 | - | - | - | - |
| Amounts payable17/49 | €69,391 | €45,727 | €12,441 | €9,457 | €8,993 | ▼ 4.9% |
| Amounts payable within one year42/48 | €68,411 | €44,747 | €11,391 | €8,377 | €8,993 | ▲ 7.3% |
| Trade debts44 | €27,366 | €17,078 | €10,127 | €8,377 | €8,993 | ▲ 7.3% |
| Suppliers440/4 | - | €17,078 | €10,127 | €8,377 | €8,993 | ▲ 7.3% |
| Taxes, remuneration and social security45 | - | €27,670 | €1,264 | €0 | - | - |
| Taxes450/3 | - | €1,482 | €128 | €0 | - | - |
| Remuneration and social security454/9 | - | €26,188 | €1,136 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | €980 | €1,050 | €1,080 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€26,434 | €1,313 | €110,896 | -€16,123 | -€1,099 | ▲ 93.2% |
| + Depreciation and write-downs630 | €555 | €1,783 | - | - | - | - |
| Operating cash flow (approximation) | -€25,879 | €3,096 | €110,896 | -€16,123 | -€1,099 | ▲ 93.2% |
| Investment in fixed assets (approximation) | - | -€23,718 | - | - | - | - |
| Change in cash | - | -€36,647 | €23,220 | -€13,551 | -€1,202 | ▲ 91.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-07
State Gazette act
General meeting · Demerger
Accounting effect · Share issue · Stéphane SAEY
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
30-06
Financial
Highest result since 2019net €110,896 ▲8,345%
Operating result €111,441, net result €110,896, both a record.
30-06
Financial
Liquidity triplescurrent ratio 17.90
Current ratio from 5.43 to 17.90; short-term debt falls from €44,747 to €11,391.
30-06
Financial
Equity above €150,000Eq €191,408 ▲138%
2 profitable years in a row build equity to €191,408.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Back to profitnet €1,313
Net result €1,313 after 2 loss-making years.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
30-06
Financial
Weakest financial yearnet -€31,325
Net result drops to -€31,325, the lowest in the series; recovery starts the following year.
Show earlier events
30-06
Financial
Liquidity triplescurrent ratio 4.76
Current ratio from 1.49 to 4.76; short-term debt falls from €562,350 to €65,184.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
11 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Deerlijk · 1 establishment unit since 2009
Ground area
1.8 ha
Building footprint
9,178 m²
Volume, LiDAR
118,247 m³
Parcel 34392C0187/00P000, Flanders · tallest building 20.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
BD GRID
since 20092.176.448.188
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34392C0187/00P000 | Flanders | 1.8 ha | 1 · 9,178 m² | 20.0 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,832 companies in sector 43211 we hold annual accounts for 10,328. 8,453 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded19-12-2008
Fiscal year end30-06
Activities, NACEBEL 2025
43211General electrical installation work
33130Repair, maintenance and installation of machinery and equipment
33140Repair and maintenance of electrical equipment
46431Wholesale of electrical household appliances and audio-video equipment
46643Wholesale of electrical equipment, including installation materials
Scores and ratios are computed by Checked and are not a credit decision.