BENOIT GRAULICH
ActiveSummary
BENOIT GRAULICH has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14.2m and a net result of €4.4m. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 82% of 1672 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▼-27
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,100,000 at 30 days acceptable
Liquidity ample (current ratio 4.48 against 17.64 in 2024; short-term debt: 20.1% and cash: 26.7% of total assets), and 20.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
79.8%
Return on assets
24.8%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 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
49 d late
2023
on the day
2022
64 d late
2021
78 d late
2020
27 d late
2019
104 d late
← 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 49 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 18 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#1 company by equity in Walloon Brabant, Advertising and market research sector#3 company by total assets in Walloon Brabant, Advertising and market research sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€4.4m▲ 6.9%
2024 · €4.1m
Working capital
€12.4m▼ 3.4%
2024 · €12.9m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€184,189€21,889▼ 88.1%-€108,679€504,634-€564,473
Net result€1.7mabove the sector's middle half▲ 2,804%€41,165within the sector's middle half▼ 97.6%€1.5mabove the sector's middle half▲ 3,605%€4.1mabove the sector's middle half▲ 171%€4.4mabove the sector's middle half▲ 6.9%
Equity€12.1mabove the sector's middle half▼ 3.0%€11.1mabove the sector's middle half▼ 8.4%€10.2mabove the sector's middle half▼ 7.8%€14.4mabove the sector's middle half▲ 40.3%€14.2mabove the sector's middle half▼ 1.3%
Total assets€12.8mabove the sector's middle half▲ 1.6%€11.4mabove the sector's middle half▼ 11.2%€11.6mabove the sector's middle half▲ 2.3%€15.2mabove the sector's middle half▲ 30.7%€17.8mabove the sector's middle half▲ 17.1%
Debt€667,850▲ 669%€254,697▼ 61.9%€1.4m▲ 441%€817,762▼ 40.7%€3.6m▲ 339%
Working capital€11.5mabove the sector's middle half▲ 5.6%€10.2mabove the sector's middle half▼ 11.4%€9.0mabove the sector's middle half▼ 12.4%€12.9mabove the sector's middle half▲ 43.8%€12.4mabove the sector's middle half▼ 3.4%
Solvency94.8%above the sector's middle half▼ 4.5pp97.8%above the sector's middle half▲ 3.0pp88.1%above the sector's middle half▼ 9.6pp94.6%above the sector's middle half▲ 6.5pp79.8%above the sector's middle half▼ 14.8pp
Current ratio18.79above the sector's middle half48.81above the sector's middle half▲ 30.027.65above the sector's middle half▼ 41.1617.64above the sector's middle half▲ 9.984.48above the sector's middle half▼ 13.15
Return on assets (ROA)13.6%above the sector's middle half▲ 13.1pp0.4%within the sector's middle half▼ 13.2pp13.1%above the sector's middle half▲ 12.8pp27.2%above the sector's middle half▲ 14.1pp24.8%above the sector's middle half▼ 2.4pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €564,473 after €504,634 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17.8m
Fixed assets
€1.8m ▲ 14.9%
Current assets
€16.0m ▲ 17.3%
Equity and liabilities €17.8m
Equity
€14.2m ▼ 1.3%
Debt
€3.6m ▲ 339%
Debt's share of the balance-sheet total rises from 5.4% to 20.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€514,530▼
2024 · €541,085
Cash flow
€4.5m▲
2024 · €4.2m
Debt to equity
0.25▲
2024 · 0.06
ROE
31.1%▲
2024 · 28.7%
Interest coverage
-3.51▼
2024 · 3.20
Debt ≤ 1 year
€3.6m▲
2024 · €774,045
Income taxes
€585,697▼
2024 · €590,582
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,577 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 97% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.1%
went bankrupt
3.1%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,577 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €252,947 | - | - | €355,953 | €18,753 | ▼ 94.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,163 | €12,927 | €22,921 | €36,451 | €49,943 | ▲ 37.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €5,278 | - | - | -€144,334 | €594,250 | ▲ 512% |
| Other operating charges640/8 | €5,177 | €2,538 | €5,627 | €6,467 | €16,457 | ▲ 154% |
| Gross operating margin9900 | €204,807 | €37,354 | -€80,132 | €403,218 | €96,177 | ▼ 76.1% |
| Operating profit (loss)9901 | €184,189 | €21,889 | -€108,679 | €504,634 | -€564,473 | ▼ 212% |
| Financial income75/76B | €2.2m | €337,176 | €1.9m | €4.4m | €5.7m | ▲ 30.3% |
| Recurring financial income75 | €2.2m | €337,176 | €1.9m | €4.4m | €5.7m | ▲ 30.3% |
| Financial charges65/66B | €99,718 | €226,020 | €65,527 | €169,147 | €146,671 | ▼ 13.3% |
| Recurring financial charges65 | €99,718 | €226,020 | €65,527 | €169,147 | €146,671 | ▼ 13.3% |
| Profit (loss) for the period before taxes9903 | €2.3m | €133,045 | €1.8m | €4.7m | €5.0m | ▲ 5.9% |
| Income taxes67/77 | €568,578 | €91,881 | €232,281 | €590,582 | €585,697 | ▼ 0.8% |
| Profit (loss) for the period9904 | €1.7m | €41,165 | €1.5m | €4.1m | €4.4m | ▲ 6.9% |
| Transfer from tax-exempt reserves789 | €1.1m | €391,600 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €2.8m | €432,765 | €1.5m | €4.1m | €4.4m | ▲ 6.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12.8m | €11.4m | €11.6m | €15.2m | €17.8m | ▲ 17.1% |
| Fixed assets21/28 | €604,069 | €922,256 | €1.3m | €1.5m | €1.8m | ▲ 14.9% |
| Tangible fixed assets22/27 | €586,019 | €904,206 | €1.2m | €1.2m | €1.2m | ▲ 5.8% |
| Land and buildings22 | €230,000 | €230,000 | €982,399 | €959,308 | €936,217 | ▼ 2.4% |
| Plant, machinery and equipment23 | - | - | €984 | €551 | €119 | ▼ 78.5% |
| Furniture and vehicles24 | €56,002 | €43,075 | €30,148 | €17,220 | €107,984 | ▲ 527% |
| Other tangible fixed assets26 | €180,111 | €180,111 | €180,111 | €180,111 | €180,111 | = |
| Assets under construction and advance payments27 | €119,905 | €451,020 | - | - | - | - |
| Financial fixed assets28 | €18,050 | €18,050 | €119,860 | €374,968 | €536,656 | ▲ 43.1% |
| Current assets29/58 | €12.2m | €10.4m | €10.3m | €13.7m | €16.0m | ▲ 17.3% |
| Amounts receivable after more than one year29 | €337,500 | €147,500 | €137,150 | €237,539 | €376,759 | ▲ 58.6% |
| Trade receivables290 | €337,500 | €147,500 | €137,150 | €237,539 | €376,759 | ▲ 58.6% |
| Amounts receivable within one year40/41 | €964,295 | €1.1m | €569,730 | €595,630 | €311,587 | ▼ 47.7% |
| Trade receivables40 | €176,900 | €43,764 | €1,765 | €2,970 | €129,157 | ▲ 4,249% |
| Other amounts receivable41 | €787,396 | €1.0m | €567,964 | €592,660 | €182,430 | ▼ 69.2% |
| Current investments50/53 | €4.2m | €5.9m | €8.0m | €10.8m | €10.6m | ▼ 2.4% |
| Cash at bank and in hand54/58 | €6.7m | €3.4m | €1.6m | €2.0m | €4.7m | ▲ 140% |
| Deferred charges and accrued income490/1 | €27,014 | €635 | €24,589 | €35,082 | €33,629 | ▼ 4.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12.8m | €11.4m | €11.6m | €15.2m | €17.8m | ▲ 17.1% |
| Equity10/15 | €12.1m | €11.1m | €10.2m | €14.4m | €14.2m | ▼ 1.3% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €12.1m | €11.1m | €10.2m | €14.3m | €14.2m | ▼ 1.3% |
| Non-distributable reserves130/1 | €271,859 | €271,859 | - | - | - | - |
| Reserves not available under the articles1311 | €271,859 | €271,859 | - | - | - | - |
| Tax-exempt reserves132 | €391,600 | - | - | - | - | - |
| Distributable reserves133 | €11.4m | €10.8m | €10.2m | €14.3m | €14.2m | ▼ 1.3% |
| Profit (loss) carried forward14 | €1,144 | €1,144 | €1,144 | €1,144 | €1,144 | = |
| Amounts payable17/49 | €667,850 | €254,697 | €1.4m | €817,762 | €3.6m | ▲ 339% |
| Amounts payable within one year42/48 | €648,311 | €213,759 | €1.3m | €774,045 | €3.6m | ▲ 362% |
| Financial debts43 | - | - | - | - | €18 | - |
| Credit institutions430/8 | - | - | - | - | €18 | - |
| Trade debts44 | €209,862 | €61,787 | €13,219 | €14,850 | €137,164 | ▲ 824% |
| Suppliers440/4 | €209,862 | €61,787 | €13,219 | €14,850 | €137,164 | ▲ 824% |
| Taxes, remuneration and social security45 | €438,449 | €151,972 | €178,034 | €589,612 | €874,172 | ▲ 48.3% |
| Taxes450/3 | €438,449 | €151,972 | €178,034 | €589,612 | €874,172 | ▲ 48.3% |
| Other amounts payable47/48 | - | - | €1.2m | €169,583 | €2.6m | ▲ 1,411% |
| Accrued charges and deferred income492/3 | €19,539 | €40,939 | €32,340 | €43,717 | €20,851 | ▼ 52.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.7m | €41,165 | €1.5m | €4.1m | €4.4m | ▲ 6.9% |
| + Depreciation and write-downs630 | €10,163 | €12,927 | €22,921 | €36,451 | €49,943 | ▲ 37.0% |
| Operating cash flow (approximation) | €1.7m | €54,092 | €1.5m | €4.2m | €4.5m | ▲ 7.2% |
| Investment in fixed assets (approximation) | - | -€331,114 | -€414,167 | -€255,108 | -€278,871 | ▼ 9.3% |
| Change in cash | - | -€3.3m | -€1.8m | €368,743 | €2.8m | ▲ 651% |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
22-07
State Gazette act
Appointment: GRAULICH Benoit (statutory director)Statutes amendment · Power of attorney6 facts ▸
State Gazette act
Appointment: GRAULICH Benoit (statutory director)
Statutes amendment · Power of attorney6 facts ▸
- General meeting, 17-07-2026
- Statutes amendment
- Director appointment, GRAULICH Benoit (statutory director)
- Statutes amendment, 26
- Power of attorney
- Power of attorney, Stijn JOYE
2025
31-12
Financial
Highest result since 2018net €4.4m ▲6.9%
Net result €4.4m, the highest in the series.
18-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 49 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 17.64
Current ratio from 7.65 to 17.64; short-term debt falls from €1.3m to €774,045.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 64 days late
2022
31-12
Financial
Weakest financial yearnet €41,165 ▼97.6%
Net result drops to €41,165, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 48.81
Current ratio from 18.79 to 48.81; short-term debt falls from €648,311 to €213,759.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 78 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 126.68
Current ratio from 47.91 to 126.68; short-term debt falls from €243,836 to €86,897.
Show earlier events
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 104 days late
2019
31-12
Financial
Liquidity quadruplescurrent ratio 47.91
Current ratio from 13.04 to 47.91; short-term debt falls from €937,773 to €243,836.
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 56 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
GRAULICH Benoit
CurrentStatutory director · since 22-07-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
7 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Lasne · 1 establishment unit since 2000
Ground area
2,558 m²
Building footprint
228 m²
Parcel 25076D0035/00D000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Chemin de Levromont 21, 1380 Lasne
since 20002.101.032.173
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25076D0035/00D000 | Wallonia | 2,558 m² | 1 · 228 m² | - |
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.
Mandate history
1 person since 2026, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| GRAULICH Benoit |
|
Articles of association
Transfer restriction
Agrément requis pour cession entre vifs ou transmission pour cause de mort, 10
Structure & network
Connections & network
1 current directorThe group is listed under Ownership & control below; here you explore it as a network.
This company
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Shareholding
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Ownership & control
3 board mandatesBoard mandates of this companythis company sits on their board3
Recognitions · licences · registrations
Legal Entity Identifier
9676001WMEBGALWESO77
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Identification & contact
Identification
Legal formPrivate limited company
Founded03-08-2000
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
68110Buying and selling of own real estate
70200Business and other management consultancy
77120Rental and leasing activities
81100Combined facilities support activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0472527877
Also
9925:BE0472527877
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.