GR Elec'
ActiveSummary
The computed 12-month bankruptcy probability of GR Elec' is 2.2% (moderate). The 2025 annual accounts show equity of €110k and a net result of €31k. Equity is growing by ~28.6% per year across the filed fiscal years. Its solvency ranks better than 12% of 7777 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
45
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability46▼-1
Solvency36▲+4
Growth52=
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity short (current ratio 0.65 against 0.66 in 2024; short-term debt: 30.8% and cash: 0.2% of total assets), and 89.3% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
10.7%
Return on assets
3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 7777 sector peers (2025).
NBB · sector comparisonPosition among 7777 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 5 filingsDeviation from the deadline
2025
31 d late
2024
25 d late
2023
20 d late
2022
37 d early
2021
66 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€31k▲ 34.7%
2024 · €23k
2021: €34k
2022: €68k
2023: €-49k
2024: €23k
2021 → 2025
Working capital
€-110k▲ 21.4%
2024 · €-140k
2021: €-69k
2022: €-1k
2023: €-136k
2024: €-140k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€39k-€106k▲ 175%€57k▼ 46.5%€80k▲ 39.9%€110k▲ 38.5%
Operating result€45k-€85k▲ 88.9%€-33k€62k€59k▼ 5.3%
Net result€34k-€68k▲ 101%€-49k€23k€31k▲ 34.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.03M
Fixed assets
€824k ▼ 5.9%
Current assets
€207k ▼ 24.6%
Equity and liabilities €1.03M
Equity
€110k ▲ 38.5%
Debt
€921k ▼ 14.0%
Debt's share of the balance-sheet total falls from 93.1% to 89.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€117k▼
2024 · €123k
Cash flow
€89k▲
2024 · €84k
Current ratio
0.65▼
2024 · 0.66
Quick ratio
0.36▼
2024 · 0.50
Debt to equity
8.36▼
2024 · 13.46
ROE
27.8%▼
2024 · 28.5%
ROA
3.0%▲
2024 · 2.0%
Interest coverage
2.86▼
2024 · 3.12
Debt ≤ 1 year
€317k▼
2024 · €415k
Debt > 1 year
€604k▼
2024 · €656k
Income taxes
€12k▲
2024 · €156
Staff costs
€342k▲
2024 · €341k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.15M€1.03M▼
Fixed assets21/28€876k€824k▼
Intangible fixed assets21€65k€55k▼
Tangible fixed assets22/27€806k€764k▼
Land and buildings22€747k€715k▼
Plant, machinery and equipment23€53k€46k▼
Furniture and vehicles24€6k€4k▼
Financial fixed assets28€5k€5k=
Current assets29/58€275k€207k▼
Stocks and contracts in progress3€68k€94k▲
Stocks30/36€68k€94k▲
Amounts receivable within one year40/41€199k€109k▼
Trade receivables40€186k€93k▼
Other amounts receivable41€13k€16k▲
Cash at bank and in hand54/58-€2k
Deferred charges and accrued income490/1€8k€2k▼
Equity and liabilities
Total equity and liabilities10/49€1.15M€1.03M▼
Equity10/15€80k€110k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€75k€105k▲
Amounts payable17/49€1.07M€921k▼
Amounts payable after more than one year17€656k€604k▼
Financial debts170/4€656k€604k▼
Amounts payable within one year42/48€415k€317k▼
Current portion of amounts payable after more than one year42€52k€53k▲
Financial debts43€115k€49k▼
Credit institutions430/8€115k€49k▼
Trade debts44€15k€35k▲
Suppliers440/4€15k€33k▲
Bills of exchange payable441-€2k
Taxes, remuneration and social security45€66k€41k▼
Taxes450/3€9k€12k▲
Remuneration and social security454/9€57k€29k▼
Other amounts payable47/48€167k€140k▼
Accrued charges and deferred income492/3-€87
Income statement
Code20242025
Remuneration, social security and pensions62€341k€342k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€61k€58k▼
Other operating charges640/8€6k€6k▲
Non-recurring operating charges66A-€117
Gross operating margin9900€470k€466k▼
Operating profit (loss)9901€62k€59k▼
Financial income75/76B€129€25k▲
Recurring financial income75€129€25k▲
Financial charges65/66B€40k€41k▲
Recurring financial charges65€40k€41k▲
Profit (loss) for the period before taxes9903€23k€43k▲
Income taxes67/77€156€12k▲
Profit (loss) for the period9904€23k€31k▲
Profit (loss) for the period to be appropriated9905€23k€31k▲
Appropriation of the result
Profit (loss) to be appropriated9906€75k€105k▲
Profit (loss) brought forward from the previous period14P€52k€75k▲
Social balance
Average headcount (FTE)90876.56.6▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Equity above €100kEq €110k ▲38.5%
2 profitable years in a row build equity to €110k.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 25 days late
2024
31-12
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 20 days late
2023
31-12
Financial
Weakest financial yearnet €-49k ▼173%
Net result drops to €-49k, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €68k ▲101%
Operating result €85k, net result €68k, both a record.
31-12
Financial
Equity above €100kEq €106k ▲175%
2 profitable years in a row build equity to €106k.
26-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Namur · 1 establishment unit since 2021
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 Gabriel de Moriamé(ML) 55020 NamurGround area
3,869 m²
Building footprint
1,520 m²
Volume, LiDAR
10,383 m³
Parcel 92082B0724/00H003, Wallonia · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GR Elec'
since 20212.319.143.801
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92082B0724/00H003 | Wallonia | 3,869 m² | 1 · 1,520 m² | 9.9 m · 2 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.
Recognitions · licences · registrations
Recognised contractor
4 categoriesGR Elec' SRL42278
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BBSo
BE 0844.301.856
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Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 8,775 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43212Electrical installation work in industrial facilities
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.