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GGRE

Active
Louizalaan 283 ·1050 Elsene, Belgium
KBO/BCE: BE 1003.515.181
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Age2 yrs
Connections1
Real estate1 parcel · 3,384 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of GGRE is 1.7% (moderate). The 2024 annual accounts show equity of €506k and a net result of €-79k. Its solvency ranks better than 61% of 4950 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
1.7% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate region +Lower-failure-rate sector −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Filing behaviour

From the deposit records, complete market-wide
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. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
There is a single filed set of accounts, closing on 31-12. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2024 31-07-2025 22-05-2025 70 d early 2025-00101840

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Young company
Founded in 2023, under 3 years, statistically higher risk.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-79k
Working capital€11k

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 22-05-2025 with the NBB · fiscal year 2024 · micro
Sector comparison
Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 29.7% 16.7%
better than 61% of 4950 sector peers
Net result €-79k €2k
better than 5% of 4942 sector peers
Equity €506k €27k
better than 93% of 4953 sector peers
Gross operating margin €113k €27k
better than 85% of 4936 sector peers
Total assets €1.70M €302k
better than 90% of 4952 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Fiscal year2024
Depositmicro
Revenue-
EBITDA€-3k
Net profit€-79k
Cash flow€-43k
Staff costs-
Income taxes€140
Dividends-
Total assets€1.70M
Equity€506k
Debt€1.20M
of which ≤ 1y€41k
of which > 1y€1.16M
Working capital€11k
Employees (FTE)-
Ratios (computed)
2024
Current ratio1.26
Quick ratio1.26
Working capital ratio0.6%
Solvency29.7%
Debt / equity2.37
Long-term debt ratio2.29
Interest coverage-0.07
Gross margin-
Net margin-
ROA-4.7%
ROE-15.7%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€1.70M
Fixed assets 21/28€1.65M
Tangible fixed assets 22/27€1.65M
Current assets 29/58€51k
Amounts receivable within one year 40/41€2k
Cash & bank 54/58€49k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.70M
Equity 10/15€506k
Contributions / capital 10/11€3k
Reserves 13€14k
Accumulated profits (losses) 14€-79k
Amounts payable 17/49€1.20M
Amounts payable after one year 17€1.16M
Amounts payable within one year 42/48€41k
Trade debts payable within one year 44€19k
Income statement
Gross operating margin 9900€113k
Operating result 9901€-40k
Financial income 75€0
Financial charges 65€40k
Result before taxes 9903€-79k
Income taxes 67/77€140
Net result for the period 9904€-79k
Result to be appropriated 9905€-79k
Ratios computed by Checked.

Health barometer

FY 2024 · computed
40 / 100 Weak
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

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Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Connections & network

1 connected company
Group structure
HG Investment Group
We sit on their board
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Ownership & control

1 party
GGREBE 1003.515.181
controls
Where this company holds controlthis company sits on their board1
HG Investment Group

Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.

Locations & real estate

Registered office

from the Crossroads Bank
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.

Louizalaan 2831050 Elsene

Establishment units

1 location
GGRE
Louizalaan 283, 1050 BrusselBemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis
since 20232.363.379.165
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area3,384 m²
Buildings1
Building footprint2,779 m²
Volume (LiDAR)47,299 m³
Tallest building31.7 m · ±8 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

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.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

1 verified act

What every Belgian State Gazette publication actually says, each act broken down into appointments, capital movements, seat moves and statute amendments.

2026
23-03-2026 Registered office
2 facts
  • Board meeting , 27/02/2026
  • Registered-office move , Avenue Louise 283 à 1000 Bruxelles

Analysis

Snowflake analysis

financial profile on 5 axes
Health40Profitability0Solvency52Growth-Stability67
40 / 100

Fragile profile, watch profitability in particular.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 40
Profitability 0
Solvency 52
Growth -
Stability 67

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Credit advice

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 1,363 of the 11,730 companies in this sector. 656 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Bemiddeling in verband met exploitatie van en handel in onroerend goed68310Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis68311Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220
Primary activity highlighted.
Names & trade names
Legal nameFR GGRE
Registered office
Louizalaan 283
1050 Elsene, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.