CABINET DE GREFT
ActiveCABINET DE GREFT has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €403k and a net result of €44k. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 35% of 1205 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
76
/ 100
Excellent▲ +31 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability55▲+55
Solvency41▲+3
Growth52=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.32 against 1.31 in 2023), and 76.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 82
Relative position
BE, all sectors
reference
Sector 82
lower
← 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
lowers risk · Growing equity
Equity grew over 2022-2024. Profits are largely retained rather than distributed.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €403k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
not confirmed
2024
29 d late
2023
26 d late
2022
31 d late
2021
57 d late
2020
3 d late
2019
69 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€44k
2023 · €-940
2018: €82k
2019: €134k
2020: €-16k
2021: €-3k
2022: €13k
2023: €-940
2018 → 2024
Working capital
€310k▲ 14.6%
2023 · €270k
2018: €155k
2019: €235k
2020: €275k
2021: €248k
2022: €273k
2023: €270k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€380k-€347k▼ 8.7%€360k▲ 3.7%€359k▼ 0.3%€403k▲ 12.3%
Operating result€11k-€9k▼ 14.1%€39k▲ 313%€18k▼ 52.5%€78k▲ 321%
Net result€-16k-€-3k▲ 80.1%€13k€-940€44k
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 321% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.71M
Fixed assets
€424k▼ 5.6%
Current assets
€1.29M▲ 12.4%
Equity and liabilities €1.71M
Equity
€403k▲ 12.3%
Debt
€1.31M▲ 5.9%
The debt ratio falls from 77.5% to 76.5%: equity grows faster than debt.
Key figures and ratios
EBITDA
€120k▲
2023 · €66k
Cash flow
€87k▲
2023 · €46k
Solvency
23.5%▲
2023 · 22.5%
Current ratio
1.32▲
2023 · 1.31
Quick ratio
1.32▲
2023 · 1.31
Debt / equity
3.25▼
2023 · 3.45
ROE
10.9%▲
2023 · -0.3%
ROA
2.6%▲
2023 · -0.1%
Interest coverage
15.18▲
2023 · 7.87
Debt
€1.31M▲
2023 · €1.24M
Debt ≤ 1 year
€980k▲
2023 · €877k
Debt > 1 year
€330k▼
2023 · €360k
Income taxes
€29k▲
2023 · €15k
Staff costs
€326k▲
2023 · €304k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.60M€1.71M▲
Fixed assets21/28€449k€424k▼
Tangible fixed assets22/27€443k€418k▼
Land and buildings22€331k€321k▼
Plant, machinery and equipment23€76k€76k▲
Furniture and vehicles24€28k€11k▼
Other tangible fixed assets26€8k€10k▲
Financial fixed assets28€6k€6k=
Current assets29/58€1.15M€1.29M▲
Amounts receivable after more than one year29€136k€127k▼
Other amounts receivable291€136k€127k▼
Amounts receivable within one year40/41€429k€459k▲
Trade receivables40€405k€438k▲
Other amounts receivable41€23k€22k▼
Current investments50/53€207€207=
Cash at bank and in hand54/58€545k€658k▲
Deferred charges and accrued income490/1€38k€46k▲
Equity and liabilities
Total equity and liabilities10/49€1.60M€1.71M▲
Equity10/15€359k€403k▲
Contributions10/11€88k€88k=
Reserves13€206k€206k=
Non-distributable reserves130/1€146k€146k=
Reserves not available under the articles1311€146k€146k=
Distributable reserves133€60k€60k=
Profit (loss) carried forward14€65k€109k▲
Amounts payable17/49€1.24M€1.31M▲
Amounts payable after more than one year17€360k€330k▼
Financial debts170/4€360k€330k▼
Amounts payable within one year42/48€877k€980k▲
Current portion of amounts payable after more than one year42€33k€30k▼
Trade debts44€64k€69k▲
Suppliers440/4€64k€69k▲
Taxes, remuneration and social security45€120k€98k▼
Taxes450/3€59k€50k▼
Remuneration and social security454/9€61k€48k▼
Other amounts payable47/48€660k€784k▲
Income statement
Code20232024
Non-recurring operating income76A€13k€56k▲
Remuneration, social security and pensions62€304k€326k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€43k▼
Other operating charges640/8€9k€13k▲
Non-recurring operating charges66A€107-
Gross operating margin9900€379k€460k▲
Operating profit (loss)9901€18k€78k▲
Financial income75/76B€4k€3k▼
Recurring financial income75€4k€3k▼
Financial charges65/66B€8k€8k▼
Recurring financial charges65€8k€8k▼
Profit (loss) for the period before taxes9903€14k€73k▲
Income taxes67/77€15k€29k▲
Profit (loss) for the period9904€-940€44k▲
Profit (loss) for the period to be appropriated9905€-940€44k▲
Appropriation of the result
Profit (loss) to be appropriated9906€65k€109k▲
Profit (loss) brought forward from the previous period14P€66k€65k▼
Social balance
Average headcount (FTE)90875.05.0=
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Back to profitnet €44k
Net result €44k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 26 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Back to profitnet €13k
Net result €13k after 2 loss-making years.
26-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 57 days late
2021
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 3 days late
2020
31-12
Financial
Weakest financial yearnet €-16k ▼112%
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 69 days late
2019
31-12
Financial
Highest result since 2018net €134k ▲63.8%
Net result €134k, the highest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2020
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
22-09-2020
ALVARO Charles Louis: Resigned as Manager
20-11-2017
MAGMA: Resigned as Manager
Location & real-estate footprint
Registered office, Saint-Nicolas · 1 establishment unit since 2002
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.
Rue Chantraine 1584420 Saint-NicolasGround area
312 m²
Building footprint
96 m²
Volume, LiDAR
776 m³
Parcel 62073A0258/00R005, Wallonia · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Chantraine 158, 4420 Saint-Nicolas
since 20022.115.066.093
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62073A0258/00R005 | Wallonia | 312 m² | 1 · 96 m² | 10.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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CONCENTRIX PAYMENT SERVICES BENELUX
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TRIVION
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Of 150 companies in sector 82910 we hold annual accounts for 78. 52 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-09-2002
Fiscal year end31-12
Activities, NACEBEL
74873
82910Office administrative, office support and other business support activities
46190Agents in non-specialised wholesale trade
74875
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.