Turnover
Turnover rose in 2025 from €242,304 to €322,052.
Turnover rose in 2025 from €242,304 to €322,052.
Green is investment, beige is depreciation.
Customers pay 89 days earlier.
Short-term debts fell from €72,457 to €23,713.
The 2021 accounts came latest: 65 days after the end of the period.
Less equity than 88% of companies in civil engineering. Sector median €2.0m · 378 companies.
The dashed line is the sector median: 0.8% across 1,866 companies (NACE 42, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 42, micro). It does better than 41% of them on solvency, 58% on liquidity, 72% on profitability and 76% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 26,972 companies had the same profile as GRACE CONSTRUCT has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of GRACE CONSTRUCT itself is higher: 2.3% within 12 months. It rests on far more data about GRACE CONSTRUCT than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for GRACE CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 4.78 (1.93 in 2024), above the usual 1.5. Short-term debt is 6.8% and cash 4.8% of total assets. However, 63.5% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 5 accounts on average 19 days before the deadline. In the sector (NACE 42), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| GRACE CONSTRUCT Sint-Gillis (bij-Brussel) | €350,284 | €212,484 | 36.5% | - |
| SOMAGRO Pajottegem | €350,765 | €206,136 | 29.4% | - |
| R-B Service Lokeren | €337,776 | €201,052 | 60.6% | - |
| JETA CONSULTING Hasselt | €330,805 | €184,888 | 62.2% | - |
| Velosolutions Belgium Brussels | €534,490 | €174,088 | -13.3% | - |
| GLOBAL STONE Schaerbeek | €227,883 | €291,835 | 8.8% | - |
| SNOW CLEAN Forest | €349,162 | €164,254 | 14.9% | - |
These companies have the same main activity as GRACE CONSTRUCT: construction of roads and motorways (NACE 42110). They are comparable in size and age: total assets between €228,000 and €534,000, founded between 2018 and 2022.
Solvency fell in 2025 from 53.9% to 36.5%.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 44% of 378 companies in 2025.
Higher than 86% of 373 companies in 2025.
Higher than 79% of 377 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter · Staff: bottom quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
350,284 | 157,118 | 99,904 | 111,349 | 6,100 | |
20 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
21/28 |
235,000 | 15,531 | - | - | - | |
22/27 |
235,000 | 15,531 | - | - | - | |
22 |
235,000 | - | - | - | - | |
24 |
- | 15,531 | - | - | - | |
29/58 |
113,284 | 139,587 | 97,904 | 109,349 | 4,100 | |
40/41 |
96,353 | 136,249 | 87,224 | 90,174 | 448 | |
40 |
96,353 | 131,623 | 64,653 | 64,686 | - | |
41 |
- | 4,626 | 22,571 | 25,488 | 448 | |
50/53 |
- | 3,338 | - | - | - | |
54/58 |
16,931 | - | 10,680 | 19,176 | 3,651 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
350,284 | 157,118 | 99,904 | 111,349 | 6,100 | |
10/15 |
128,003 | 84,661 | 71,943 | 63,204 | 3,638 | |
10/11 |
4,140 | 4,140 | 4,140 | 4,140 | 4,140 | |
10 |
4,140 | 4,140 | 4,140 | 4,140 | 4,140 | |
100 |
11,000 | 11,000 | 11,000 | 11,000 | 11,000 | |
101 |
6,860 | 6,860 | 6,860 | 6,860 | 6,860 | |
14 |
123,863 | 80,521 | 67,803 | 59,064 | -502 | |
17/49 |
222,281 | 72,457 | 27,961 | 48,145 | 2,462 | |
17 |
198,568 | - | - | - | - | |
170/4 |
198,568 | - | - | - | - | |
42/48 |
23,713 | 72,457 | 27,961 | 48,145 | 2,462 | |
42 |
20,508 | - | - | - | 0 | |
44 |
- | 14,207 | - | - | - | |
440/4 |
- | 14,207 | - | - | - | |
45 |
3,205 | 31,727 | 25,499 | 45,683 | - | |
450/3 |
3,205 | 15,988 | 25,499 | 45,683 | - | |
454/9 |
- | 15,740 | - | - | - | |
47/48 |
- | 26,523 | 2,462 | 2,462 | 2,462 | |
| Income statement | ||||||
70 |
322,052 | 242,304 | 218,763 | 236,575 | 0 | |
76A |
- | 400 | - | - | - | |
9900 |
212,484 | 173,990 | 152,829 | 141,895 | -484 | |
60/61 |
109,568 | 68,715 | 65,934 | 94,680 | 484 | |
62 |
142,203 | 149,796 | 141,273 | 60,803 | - | |
630 |
3,882 | 3,882 | - | - | - | |
640/8 |
- | 2,080 | - | 255 | - | |
9901 |
66,399 | 18,232 | 11,556 | 80,837 | -484 | |
75/76B |
- | - | 241 | - | - | |
75 |
- | - | 241 | - | - | |
65/66B |
8,609 | 162 | 145 | 89 | 18 | |
65 |
8,609 | 162 | 145 | 89 | 18 | |
9903 |
57,790 | 18,070 | 11,653 | 80,747 | -502 | |
67/77 |
14,448 | 5,353 | 2,913 | 21,683 | - | |
9904 |
43,342 | 12,718 | 8,740 | 59,064 | -502 | |
9905 |
43,342 | 12,718 | 8,740 | 59,064 | -502 | |
| Appropriation of the result | ||||||
9906 |
123,863 | 80,521 | 67,803 | 59,064 | -502 | |
14P |
80,521 | 67,803 | 59,064 | - | - | |
| Social balance sheet | ||||||
9087 |
3 | 3 | 4 | 4 | - | |
| Document | ||||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 09-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 09-07-2026 | 2026-00282115 | |
| 31-12-2024 | full format | 30-06-2025 | 2025-00198790 | |
| 31-12-2023 | full format | 26-09-2024 | 2024-00474801 | |
| 31-12-2022 | full format | 15-02-2023 | 2023-00027585 | |
| 31-12-2021 | full format | 04-10-2022 | 2022-20453937 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 70,281 | 22,114 | - | - | - | ||
| 47,224 | 16,600 | - | - | - | ||
| 235,000 | 19,413 | - | - | 0 | ||
| - | - | -8,495 | 15,524 | - | ||
| 89,571 | 67,130 | 69,943 | 61,204 | 1,638 | ||
| 20.6% | 7.5% | 5.3% | 34.2% | - | ||
| 36.5% | 53.9% | 72.0% | 56.8% | 59.6% | ||
| 4.78 | 1.93 | 3.50 | 2.27 | 1.67 | ||
| 1.74 | 0.86 | 0.39 | 0.76 | 0.68 | ||
| 33.9% | 15.0% | 12.1% | 93.4% | -13.8% | ||
| 12.4% | 8.1% | 8.7% | 53.0% | -8.2% | ||
| 8.16 | over 100 | - | - | - | ||
| 109 days | 198 days | 108 days | 100 days | - | ||
| - | 75 days | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2023 | 31-12-2022 |
|---|---|---|---|
| Employees at the balance-sheet date | - | 3 | 4 |
| full-time | - | 3 | 4 |
| in full-time equivalents | - | 3 | - |
| - | 4 | 4 | |
| On a permanent contract | - | 3 | 4 |
| Joined | - | 4 | 4 |
| Left | - | 1 | 0 |
Source: social balance sheet in the 2022 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €235,000 | €19,413 | - | - | - |
| Intangible fixed assets | - | - | - | - | €0 |
| €3,882 | €3,882 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is over 3.6 times that of 2024 and the highest since 2022. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total rises from 46.1% to 63.5%. Equity and debt are higher.
1 other company of this director was judicially dissolved (2025).
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.
GRACE CONSTRUCT has no parent and no holdings in its annual accounts. RODRIGUES DE FARIA,Marcelo is the only director.
| Iacones
establishment since 20-07-2023 · founded in 2023 · negative equity (2024) · accounts filed late |
total assets €6,796 (2024) 0804.184.537 |
| KORONET2.0
establishment since 15-09-2026 |
founded in 2026 1038.845.254 |
| Association des Copropriétaires à Saint-Gilles, rue Théodore Verhaegen, 166 et 166a
registered office since 06-10-2009 |
founded in 2009 0820.785.096 |
| VIVENGO
registered office since 12-10-2004 |
founded in 2004 0867.770.710 |
| EAT GOSPEL via RODRIGUES DE FARIA,Marcelo, no longer at EAT GOSPEL · Director · deed of 16-09-2020 No longer active |
The network starts from the earlier ties.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
GRACE CONSTRUCT was incorporated on 8 March 2021 as a private limited company by one natural person, with a starting capital of €11,000.12 RODRIGUES DE FARIA,Marcelo is director of the company, appointed by deed of 10-03-2021.2 Turnover grew from €236,575 in 2022 to €322,052 in 2025 and headcount from 4 to 3 full-time equivalents.3
| Establishment | Since | Unit number |
|---|---|---|
| Théodore Verhaegenstraat 166 registered office 1060 Sint-Gillis (bij-Brussel) | 01-05-2021 | 2.317.080.966 |
| GRACE SHOPPING Praagstraat 66, 1060 Sint-Gillis (bij-Brussel) 32990 Other manufacturing not elsewhere classified | 29-04-2025 | 2.373.018.292 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21562A0329/00P013 | 439 m² | 1 · 117 m² | 18.8 m · 6 |
| 21562A0281/00A009 | 132 m² | 1 · 133 m² | 18.6 m · 5 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0764.769.477
If something looks wrong or is missing, please tell us.