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GGRE

Active
Private limited companyfounded 20232 yrs activeLouizalaan 283, 1050 Elsene, BelgiumKBO/BCE: BE 1003.515.181
Summary

The computed 12-month bankruptcy probability of GGRE is 1.7% (moderate). The 2024 annual accounts show equity of €505,799 and a net result of -€79,438. Its solvency ranks better than 49% of 19362 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability13
Solvency55
Growth-
Track record67
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.26; short-term debt: 2.4% and cash: 2.9% of total assets), and 70.3% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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 2024
Solvency, return and age of the figures
Solvency
29.7%
Return on assets
-4.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-05-2025, 70 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2024
70 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 70 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

GGRE was incorporated on 18 December 2023 as a Private limited company.1 The registered office was moved to Bruxelles in 2026.2 The company has filed annual accounts once, for fiscal year 2024.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 23-03-2026
  3. 3National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€505,799
Total assets
€1.7m
Net result
-€79,438
Working capital
€10,609

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €1.7m
Fixed assets €1.7m
Current assets €51,192
Equity and liabilities €1.7m
Equity €505,799
Debt €1.2m
Debt finances 70.3% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
-€2,592
Cash flow
-€42,526
Current ratio
1.26
Debt to equity
2.37
ROE
-15.7%
ROA
-4.7%
Interest coverage
-0.07
Debt ≤ 1 year
€40,582
Debt > 1 year
€1.2m
Income taxes
€140

Peer companies

Historical observation

Of the 441 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.

  • Small
  • 2 to 5 years old
  • solvency 10 to 30%
  • a small loss
1.6% went bankrupt
2.5% stopped otherwise
95% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.7% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 74% 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 441 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
Filed annual accounts As filed with the NBB · 2024 · 40 lines
Balance sheet Code2024
Assets
Total assets20/58€1.7m
Fixed assets21/28€1.7m
Tangible fixed assets22/27€1.7m
Land and buildings22€1.6m
Furniture and vehicles24€34,117
Current assets29/58€51,192
Amounts receivable within one year40/41€2,336
Other amounts receivable41€2,336
Cash at bank and in hand54/58€48,855
Equity and liabilities
Total equity and liabilities10/49€1.7m
Equity10/15€505,799
Contributions10/11€3,000
Revaluation surpluses12€568,100
Reserves13€14,137
Distributable reserves133€14,137
Profit (loss) carried forward14-€79,438
Amounts payable17/49€1.2m
Amounts payable after more than one year17€1.2m
Financial debts170/4€1.1m
Other amounts payable178/9€39,268
Amounts payable within one year42/48€40,582
Current portion of amounts payable after more than one year42€21,683
Trade debts44€18,754
Suppliers440/4€18,754
Taxes, remuneration and social security45€145
Taxes450/3€145
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36,912
Other operating charges640/8€3,599
Non-recurring operating charges66A€111,765
Gross operating margin9900€112,773
Operating profit (loss)9901-€39,504
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€39,794
Recurring financial charges65€39,794
Profit (loss) for the period before taxes9903-€79,298
Income taxes67/77€140
Profit (loss) for the period9904-€79,438
Profit (loss) for the period to be appropriated9905-€79,438
Appropriation of the result
Profit (loss) to be appropriated9906-€79,438

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36,912
Other operating charges640/8€3,599
Non-recurring operating charges66A€111,765
Gross operating margin9900€112,773
Operating profit (loss)9901-€39,504
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€39,794
Recurring financial charges65€39,794
Profit (loss) for the period before taxes9903-€79,298
Income taxes67/77€140
Profit (loss) for the period9904-€79,438
Profit (loss) for the period to be appropriated9905-€79,438
Line2024
Assets
Total assets20/58€1.7m
Fixed assets21/28€1.7m
Tangible fixed assets22/27€1.7m
Land and buildings22€1.6m
Furniture and vehicles24€34,117
Current assets29/58€51,192
Amounts receivable within one year40/41€2,336
Other amounts receivable41€2,336
Cash at bank and in hand54/58€48,855
Equity and liabilities
Total equity and liabilities10/49€1.7m
Equity10/15€505,799
Contributions10/11€3,000
Revaluation surpluses12€568,100
Reserves13€14,137
Distributable reserves133€14,137
Profit (loss) carried forward14-€79,438
Amounts payable17/49€1.2m
Amounts payable after more than one year17€1.2m
Financial debts170/4€1.1m
Other amounts payable178/9€39,268
Amounts payable within one year42/48€40,582
Current portion of amounts payable after more than one year42€21,683
Trade debts44€18,754
Suppliers440/4€18,754
Taxes, remuneration and social security45€145
Taxes450/3€145
Line2024
Profit (loss) for the period9904-€79,438
+ Depreciation and write-downs630€36,912
Operating cash flow (approximation)-€42,526

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
23-03
State Gazette act Registered office
Registered-office move2 facts ▸
  • Board meeting, 27/02/2026
  • Registered-office move, Avenue Louise 283 à 1000 Bruxelles
2025
22-05
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
State Gazette actNBB filing
1 of 3 acts read
About the unread acts

Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not 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 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
3,384 m²
Building footprint
2,779 m²
Volume, LiDAR
47,299 m³
Parcel 21807G0172/00G000, Brussels · tallest building 31.7 m, ±8 floors. Linked by address, not a title deed.
71 companies at this address See who is registered here
1 establishment unit
GGRE
Louizalaan 283, 1050 BrusselReal estate activities
since 20232.363.379.165
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21807G0172/00G000 Brussels 3,384 m² 1 · 2,779 m² 31.7 m · 8 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.

Similar companies · same sector, comparable size

Of 11,757 companies in sector 68310 we hold annual accounts for 6,907. 4,567 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
Founded18-12-2023
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:1003515181
Also 9925:BE1003515181
Registered 15-07-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.