DESIGN GRID
ActiveSummary
DESIGN GRID has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-804) and a net result of €2k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 405 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+51
Solvency25▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.68 against 0.54 in 2024; short-term debt: 57.4% and cash: 0.8% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
+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 31
Relative position
BE, all sectors
reference
Manufacture of furniture (NACE 31)
about 43% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-0.4%
Return on assets
0.8%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 405 sector peers (2025).
NBB · sector comparisonPosition among 405 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 08-04-2026, 22 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
22 d early
2024
15 d late
2023
on the day
2022
2 d late
2021
2 d early
2020
16 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2025, micro schema
Equity
€-804▲ 65.6%
2024 · €-2k
Total assets
€201k▼ 5.3%
2024 · €213k
Net result
€2k
2024 · €-26k
Working capital
€-37k▲ 31.2%
2024 · €-53k
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€9k▼ 25.3%€8k▼ 6.0%€-6k€-22k▼ 278%€5k
Net result€3k▼ 66.9%€2k▼ 13.0%€-10k€-26k▼ 161%€2k
Equity€23k▲ 12.9%€25k▲ 9.9%€23k▼ 7.2%€-2k€-804▲ 65.6%
Total assets€272k▼ 16.5%€261k▼ 4.2%€242k▼ 7.1%€213k▼ 12.2%€201k▼ 5.3%
Debt€249k▼ 18.4%€236k▼ 5.5%€219k▼ 7.1%€215k▼ 1.8%€202k▼ 6.0%
Working capital€-41k▲ 12.3%€-27k▲ 34.0%€-20k▲ 24.9%€-53k▼ 161%€-37k▲ 31.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €5k after a loss of €22k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €201k
Fixed assets
€122k ▼ 18.6%
Current assets
€79k ▲ 26.9%
Key figures and ratios
EBITDA
€33k▲
2024 · €7k
Cash flow
€30k▲
2024 · €3k
Solvency
-0.4%▲
2024 · -1.1%
Current ratio
0.68▲
2024 · 0.54
Quick ratio
0.32▲
2024 · 0.25
ROA
0.8%▲
2024 · -12.1%
Interest coverage
8.10▲
2024 · 1.81
Debt ≤ 1 year
€116k▲
2024 · €115k
Debt > 1 year
€87k▼
2024 · €99k
Income taxes
€138▼
2024 · €280
Equity ratios withheld: equity of €-804 is too small for a meaningful ratio.
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30k | €29k | €29k | €29k | €28k | ▼ 2.5% |
| Other operating charges640/8 | €1k | €2k | €3k | €2k | €1k | ▼ 36.0% |
| Gross operating margin9900 | €40k | €39k | €26k | €9k | €34k | ▲ 271% |
| Operating profit (loss)9901 | €9k | €8k | €-6k | €-22k | €5k | ▲ 124% |
| Financial income75/76B | €377 | €432 | €384 | €160 | €655 | ▲ 309% |
| Recurring financial income75 | €377 | €432 | €384 | €160 | €655 | ▲ 309% |
| Financial charges65/66B | €5k | €5k | €4k | €4k | €4k | ▲ 3.7% |
| Recurring financial charges65 | €5k | €5k | €4k | €4k | €4k | ▲ 3.7% |
| Profit (loss) for the period before taxes9903 | €3k | €3k | €-10k | €-25k | €2k | ▲ 107% |
| Income taxes67/77 | €834 | €784 | €286 | €280 | €138 | ▼ 50.7% |
| Profit (loss) for the period9904 | €3k | €2k | €-10k | €-26k | €2k | ▲ 106% |
| Profit (loss) for the period to be appropriated9905 | €3k | €2k | €-10k | €-26k | €2k | ▲ 106% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €272k | €261k | €242k | €213k | €201k | ▼ 5.3% |
| Formation expenses20 | €75 | €0 | - | - | - | - |
| Fixed assets21/28 | €220k | €208k | €179k | €150k | €122k | ▼ 18.6% |
| Tangible fixed assets22/27 | €220k | €208k | €179k | €150k | €122k | ▼ 18.6% |
| Plant, machinery and equipment23 | €41k | €55k | €39k | €23k | €8k | ▼ 67.2% |
| Furniture and vehicles24 | €13k | €10k | €7k | €4k | €1k | ▼ 64.3% |
| Leasing and similar rights25 | €166k | €143k | €133k | €123k | €113k | ▼ 8.1% |
| Current assets29/58 | €52k | €53k | €63k | €62k | €79k | ▲ 26.9% |
| Stocks and contracts in progress3 | €10k | €9k | €26k | €34k | €42k | ▲ 24.2% |
| Stocks30/36 | €10k | €9k | €26k | €34k | €42k | ▲ 24.2% |
| Amounts receivable within one year40/41 | €17k | €17k | €23k | €18k | €33k | ▲ 81.3% |
| Trade receivables40 | €17k | €17k | €23k | €18k | €33k | ▲ 81.9% |
| Other amounts receivable41 | €366 | €166 | €275 | €61 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €22k | €26k | €12k | €8k | €2k | ▼ 80.5% |
| Deferred charges and accrued income490/1 | €2k | €533 | €3k | €2k | €2k | ▼ 7.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €272k | €261k | €242k | €213k | €201k | ▼ 5.3% |
| Equity10/15 | €23k | €25k | €23k | €-2k | €-804 | ▲ 65.6% |
| Contributions10/11 | €11k | €11k | €19k | €19k | €19k | = |
| Reserves13 | €12k | €15k | €5k | €0 | - | - |
| Non-distributable reserves130/1 | €88 | €88 | €0 | - | - | - |
| Reserves not available under the articles1311 | €88 | €88 | €0 | - | - | - |
| Distributable reserves133 | €12k | €14k | €5k | €0 | - | - |
| Profit (loss) carried forward14 | €193 | €6 | €0 | €-21k | €-19k | ▲ 7.3% |
| Amounts payable17/49 | €249k | €236k | €219k | €215k | €202k | ▼ 6.0% |
| Amounts payable after more than one year17 | €156k | €156k | €135k | €99k | €87k | ▼ 12.2% |
| Financial debts170/4 | €146k | €156k | €135k | €99k | €87k | ▼ 12.2% |
| Other amounts payable178/9 | €11k | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €93k | €80k | €84k | €115k | €116k | ▲ 0.2% |
| Current portion of amounts payable after more than one year42 | €25k | €20k | €21k | €36k | €27k | ▼ 25.1% |
| Financial debts43 | - | - | - | €5 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €5 | €0 | ▼ 100% |
| Trade debts44 | €23k | €18k | €14k | €12k | €11k | ▼ 13.3% |
| Suppliers440/4 | €23k | €18k | €14k | €12k | €11k | ▼ 13.3% |
| Advances received on contracts in progress46 | - | €265 | €8k | €9k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €7k | €8k | €17k | €3k | €13k | ▲ 354% |
| Taxes450/3 | €4k | €4k | €5k | €3k | €7k | ▲ 164% |
| Remuneration and social security454/9 | €3k | €5k | €12k | €0 | €5k | - |
| Other amounts payable47/48 | €38k | €33k | €24k | €55k | €65k | ▲ 18.8% |
| Accrued charges and deferred income492/3 | - | - | €613 | €935 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €2k | €-10k | €-26k | €2k | ▲ 106% |
| + Depreciation and write-downs630 | €30k | €29k | €29k | €29k | €28k | ▼ 2.5% |
| Operating cash flow (approximation) | €33k | €32k | €19k | €3k | €30k | ▲ 866% |
| Investment in fixed assets (approximation) | - | €-17k | €0 | €0 | €0 | - |
| Change in cash | - | €4k | €-15k | €-4k | €-6k | ▼ 68.1% |
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
08-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 15 days late
2024
30-09
Financial
Weakest financial yearnet €-26k
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Highest result since 2018net €8k ▲4,612%
Operating result €11k, net result €8k, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
16-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Kruisem · 1 establishment unit since 2017
Ground area
901 m²
Building footprint
186 m²
Volume, LiDAR
1,088 m³
Parcel 45057B0276/00G000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DESIGN GRID
since 20172.261.167.790
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45057B0276/00G000 | Flanders | 901 m² | 1 · 186 m² | 9.5 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 3,120 EUR awarded · 3,120 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,250 EUR | 1,250 EUR |
| 2022 | 1 | 1,870 EUR | 1,870 EUR |
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Of 446 companies in sector 31001 we hold annual accounts for 208. 117 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-01-2017
Fiscal year end30-09
Activities, NACEBEL 2025
31001Manufacture of furniture
31004Manufacture of dining room, living room, bedroom and bathroom furniture
46150Agents in the wholesale of furniture, household goods and hardware
71121Engineering and related technical consultancy, excluding land surveyors
Scores and ratios are computed by Checked and are not a credit decision.