Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of GRACE CONSTRUCT is 4.0% (elevated). The 2024 annual accounts show equity of €85k and a net result of €13k. Equity is growing by ~29.4% per year across the filed fiscal years. Its solvency ranks better than 87% of 40 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 4 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneStatistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Signals
3 signals · with evidenceSignals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Trust signals
3 signalsAdministrative Flags
0 eventsFinancials
Annual accounts & ratios
Source: NBB · 2024How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 53.9% | 27.6% | |
| Net result | €13k | €57k | |
| Equity | €85k | €455k | |
| Total assets | €157k | €2.87M |
| Fiscal year | 2024 |
|---|---|
| Revenue | €242k |
| EBITDA | €22k |
| Net profit | €13k |
| Cash flow | €17k |
| Staff costs | €150k |
| Income taxes | €5k |
| Dividends | - |
| Total assets | €157k |
| Equity | €85k |
| Debt | €72k |
| of which ≤ 1y | €72k |
| of which > 1y | - |
| Working capital | €67k |
| Employees (FTE) | 3.0 |
| 2024 | |
|---|---|
| Current ratio | 1.93 |
| Quick ratio | 1.93 |
| Working capital ratio | 42.7% |
| Solvency | 53.9% |
| Debt / equity | 0.86 |
| Long-term debt ratio | - |
| Interest coverage | 136.68 |
| Gross margin | 71.6% |
| Net margin | 5.2% |
| ROA | 8.1% |
| ROE | 15.0% |
| EBITDA margin | 9.1% |
| Days sales outstanding | 198d |
| Days payable outstanding | 75d |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €157k |
| Fixed assets | 21/28 | €16k |
| Formation expenses | 20 | €2k |
| Tangible fixed assets | 22/27 | €16k |
| Current assets | 29/58 | €140k |
| Amounts receivable within one year | 40/41 | €136k |
| Investments | 50/53 | €3k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €157k |
| Equity | 10/15 | €85k |
| Contributions / capital | 10/11 | €4k |
| Accumulated profits (losses) | 14 | €81k |
| Amounts payable | 17/49 | €72k |
| Amounts payable within one year | 42/48 | €72k |
| Trade debts payable within one year | 44 | €14k |
| Income statement | ||
| Turnover | 70 | €242k |
| Gross operating margin | 9900 | €174k |
| Operating result | 9901 | €18k |
| Financial charges | 65 | €162 |
| Result before taxes | 9903 | €18k |
| Income taxes | 67/77 | €5k |
| Net result for the period | 9904 | €13k |
| Result to be appropriated | 9905 | €13k |
Health barometer
FY 2024 · computedUnlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Structure & network
Locations & real estate
Establishment units
2 locationsReal-estate footprint
Source: CBE × cadastre · address linkingParcels 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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21562A0329/00P013 | Brussels | 439 m² | 1 · 117 m² | 18.8 m · 6 fl. |
| 21562A0281/00A009 | Brussels | 132 m² | 1 · 133 m² | 18.6 m · 5 fl. |
Analysis
Snowflake analysis
financial profile on 5 axesExceptional profile, strong across almost every axis.
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Credit advice
verdict per customer and amountSimilar
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Company registry (CBE)
Crossroads Bank| Legal nameFR | GRACE CONSTRUCT |