BUREAU D'ARCHITECTURE GREISCH
ActiveBUREAU D'ARCHITECTURE GREISCH has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €241k and a net result of €1.18M. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 17% of 723 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency37▼-5
Growth68=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity short (current ratio 0.93 against 0.87 in 2024; short-term debt: 88.1% and cash: 49.5% of total assets), and 88.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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
11.9%
Return on assets
58.4%
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 723 sector peers (2025).
NBB · sector comparisonPosition among 723 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-03-2026, 136 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
136 d early
2024
127 d early
2023
41 d early
2022
59 d early
2022
22 d early
2021
6 d early
2020
3 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€2.98M
2021 · €0
2021: €0
2021 → 2022
EBIT margin
38.3%
Net result
€1.18M▲ 26.1%
2024 · €939k
2019: €621k
2020: €467k
2021: €67k
2022: €836k
2022: €43k
2023: €688k
2024: €939k
2019 → 2025
Working capital
€-131k▲ 11.5%
2024 · €-148k
2019: €191k
2020: €96k
2021: €-93k
2022: €-135k
2022: €-213k
2023: €-163k
2024: €-148k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222022202320242025Trend
Turnover€2.98M-
Equity€241k-€241k=€241k=€241k=€241k=
Operating result€1.14M-€67k▼ 94.1%€942k▲ 1,307%€1.27M▲ 34.7%€1.59M▲ 25.5%
Net result€836k-€43k▼ 94.8%€688k▲ 1,494%€939k▲ 36.3%€1.18M▲ 26.1%
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.03M
Fixed assets
€372k▼ 10.6%
Current assets
€1.66M▲ 63.4%
Equity and liabilities €2.03M
Equity
€241k=
Debt
€1.79M▲ 50.3%
The debt ratio rises from 83.1% to 88.1%. Debt is higher.
Key figures and ratios
EBITDA
€1.65M▲
2024 · €1.33M
Cash flow
€1.24M▲
2024 · €1.00M
Solvency
11.9%▼
2024 · 16.9%
Current ratio
0.93▲
2024 · 0.87
Quick ratio
0.82▲
2024 · 0.71
Debt / equity
7.42▲
2024 · 4.93
ROE
491.2%▲
2024 · 389.5%
ROA
58.4%▼
2024 · 65.7%
Interest coverage
384.26▲
2024 · 128.86
Debt
€1.79M▲
2024 · €1.19M
Debt ≤ 1 year
€1.79M▲
2024 · €1.16M
Debt > 1 year
€0▼
2024 · €6k
Income taxes
€408k▲
2024 · €325k
Staff costs
€169k▲
2024 · €161k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.43M€2.03M▲
Fixed assets21/28€416k€372k▼
Intangible fixed assets21€889€789▼
Tangible fixed assets22/27€348k€304k▼
Land and buildings22€293k€272k▼
Plant, machinery and equipment23€0€405▲
Furniture and vehicles24€55k€31k▼
Financial fixed assets28€68k€68k▼
Current assets29/58€1.01M€1.66M▲
Stocks and contracts in progress3€186k€187k▲
Stocks30/36€186k€187k▲
Amounts receivable within one year40/41€261k€413k▲
Trade receivables40€243k€413k▲
Other amounts receivable41€18k€306▼
Cash at bank and in hand54/58€564k€1.00M▲
Deferred charges and accrued income490/1€2k€52k▲
Equity and liabilities
Total equity and liabilities10/49€1.43M€2.03M▲
Equity10/15€241k€241k=
Contributions10/11€201k€201k=
Reserves13€40k€40k=
Tax-exempt reserves132€11k€11k=
Distributable reserves133€30k€30k=
Amounts payable17/49€1.19M€1.79M▲
Amounts payable after more than one year17€6k€0▼
Financial debts170/4€6k€0▼
Amounts payable within one year42/48€1.16M€1.79M▲
Current portion of amounts payable after more than one year42€19k€6k▼
Financial debts43€6k€251k▲
Credit institutions430/8€6k€251k▲
Trade debts44€73k€261k▲
Suppliers440/4€73k€261k▲
Taxes, remuneration and social security45€124k€85k▼
Taxes450/3€107k€65k▼
Remuneration and social security454/9€17k€21k▲
Other amounts payable47/48€939k€1.18M▲
Accrued charges and deferred income492/3€21k€0▼
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61€2.41M€2.74M▲
Remuneration, social security and pensions62€161k€169k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65k€60k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3k
Other operating charges640/8€10k€8k▼
Non-recurring operating charges66A€555€99▼
Gross operating margin9900€1.51M€1.83M▲
Operating profit (loss)9901€1.27M€1.59M▲
Financial income75/76B€5k€3k▼
Recurring financial income75€5k€3k▼
Financial charges65/66B€10k€4k▼
Recurring financial charges65€10k€4k▼
Profit (loss) for the period before taxes9903€1.26M€1.59M▲
Income taxes67/77€325k€408k▲
Profit (loss) for the period9904€939k€1.18M▲
Profit (loss) for the period to be appropriated9905€939k€1.18M▲
Appropriation of the result
Profit (loss) to be appropriated9906€939k€1.18M▲
Profit to be distributed694/7€939k€1.18M▲
Return on contributions (dividend)694€939k€1.18M▲
Employees696-€4k
Social balance
Average headcount (FTE)90873.82.4▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2019net €1.18M ▲26.1%
Operating result €1.59M, net result €1.18M, both a record.
26-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
09-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €43k ▼94.8%
Net result drops to €43k, the lowest in the series; recovery starts the following year.
25-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
08-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
08-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
10-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Herstal · 1 establishment unit since 2008
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Parc Ind. des Hauts Sarts, 1e av 1654040 Herstal1 establishment unit
Parc Ind. des Hauts Sarts, 1e av 165, 4040 Herstal
since 20082.172.461.587
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BURO B Architectuur & Interieurdesign
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Marge Architecten
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Of 18,249 companies in sector 71111 we hold annual accounts for 6,319. 4,942 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-05-2008
Fiscal year end31-12
Activities, NACEBEL
71111Activities of building architects
71113Urban planning and landscape architecture
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filings
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.