DE GRIND

DE GRIND has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2020 annual accounts show equity of €7,669 and a net result of -€7,196. Equity is shrinking by about 22% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2023. Its solvency ranks better than 87% of 1,853 sector peers (NACE 82, financial year 2020). The computed 12-month bankruptcy probability is 0.2% (very low).