Summary
GRACO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €195.0m and a net result of €127.7m. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 55% of 2790 sector peers (fiscal year 2024). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
34 d early
2022
55 d early
2021
27 d early
2020
40 d early
2019
25 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 36 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Equity
€195.0m▲ 32.3%
2023 · €147.3m
Net result
€127.7m▲ 603%
2023 · €18.2m
Total assets
€309.0m▼ 24.0%
2023 · €406.8m
Solvency
63.1%▲ 26.9pp
2023 · 36.2%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€15.4m▲ 20.7%€9.3m▼ 39.4%€9.0m▼ 3.2%€8.3m▼ 8.0%€2.7m▼ 68.0%
Net result€41.7mabove the sector's middle half▼ 27.1%€30.3mabove the sector's middle half▼ 27.4%€69.8mabove the sector's middle half▲ 131%€18.2mabove the sector's middle half▼ 74.0%€127.7mabove the sector's middle half▲ 603%
Equity€109.2mabove the sector's middle half▲ 3.5%€139.4mabove the sector's middle half▲ 27.7%€209.2mabove the sector's middle half▲ 50.1%€147.3mabove the sector's middle half▼ 29.6%€195.0mabove the sector's middle half▲ 32.3%
Total assets€332.9mabove the sector's middle half▲ 2.0%€397.0mabove the sector's middle half▲ 19.3%€440.9mabove the sector's middle half▲ 11.1%€406.8mabove the sector's middle half▼ 7.8%€309.0mabove the sector's middle half▼ 24.0%
Debt€223.7m▲ 1.3%€257.6m▲ 15.2%€231.7m▼ 10.0%€259.4m▲ 11.9%€114.0m▼ 56.1%
Working capital€64.2m▲ 3.0%€77.0m▲ 19.9%€147.2m▲ 91.1%€85.4m▼ 42.0%-€66.9m
Solvency32.8%within the sector's middle half▲ 0.5pp35.1%within the sector's middle half▲ 2.3pp47.4%within the sector's middle half▲ 12.3pp36.2%within the sector's middle half▼ 11.2pp63.1%within the sector's middle half▲ 26.9pp
Staff (FTE)97.7above the sector's middle half▼ 0.9%101.5above the sector's middle half▲ 3.9%107.3above the sector's middle half▲ 5.7%103.5above the sector's middle half▼ 3.5%98above the sector's middle half▼ 5.3%
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2024 is 68% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €309.0m
Fixed assets
€262.2m ▲ 0.5%
Current assets
€46.8m ▼ 67.9%
Equity and liabilities €309.0m
Equity
€195.0m ▲ 32.3%
Provisions
€0 ▼ 100%
Debt
€114.0m ▼ 56.1%
Debt's share of the balance-sheet total falls from 63.8% to 36.9%. Equity is higher and debt is lower.
Key figures and ratios
ROE
65.5%▲
2023 · 12.3%
ROA
41.3%▲
2023 · 4.5%
Debt ≤ 1 year
€113.7m▲
2023 · €60.4m
Debt > 1 year
€0▼
2023 · €198.7m
Income taxes
€694,421▼
2023 · €787,617
Staff costs
€11.0m▲
2023 · €10.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €30.0m | €26.6m | €26.6m | €26.5m | €21.9m | ▼ 17.5% |
| Other operating income74 | €30.0m | €26.6m | €26.6m | €26.5m | €21.9m | ▼ 17.5% |
| Non-recurring operating income76A | - | €3,050 | €9,124 | €6,972 | €1,241 | ▼ 82.2% |
| Operating charges60/66A | €14.6m | €17.3m | €17.6m | €18.2m | €19.2m | ▲ 5.4% |
| Services and other goods61 | €4.9m | €6.2m | €6.9m | €6.3m | €7.1m | ▲ 12.4% |
| Remuneration, social security and pensions62 | €8.6m | €10.0m | €9.7m | €10.9m | €11.0m | ▲ 0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €956,947 | €870,462 | €842,568 | €824,283 | €921,836 | ▲ 11.8% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€9,292 | -€2,541 | - | - | - | - |
| Other operating charges640/8 | €139,813 | €144,320 | €139,067 | €206,941 | €230,130 | ▲ 11.2% |
| Non-recurring operating charges66A | €708 | - | €321 | - | €53 | - |
| Operating profit (loss)9901 | €15.4m | €9.3m | €9.0m | €8.3m | €2.7m | ▼ 68.0% |
| Recurring financial income75 | €45.3m | €32.2m | €71.2m | €23.4m | €133.1m | ▲ 469% |
| Income from financial fixed assets750 | €38.3m | €28.6m | €70.3m | €16.2m | €126.0m | ▲ 680% |
| Income from current assets751 | €258,341 | €162,287 | €349,223 | €7.2m | €4.6m | ▼ 36.6% |
| Other financial income752/9 | €6.8m | €3.4m | €604,632 | €36,668 | €2.6m | ▲ 6,946% |
| Non-recurring financial income76B | €4.9m | - | - | - | - | - |
| Financial charges65/66B | €24.0m | €11.1m | €10.5m | €12.8m | €7.4m | ▼ 41.9% |
| Recurring financial charges65 | €24.0m | €11.1m | €10.5m | €12.8m | €7.4m | ▼ 41.9% |
| Debt charges650 | €10.2m | €10.4m | €10.3m | €10.9m | €7.3m | ▼ 33.0% |
| Other financial charges652/9 | €13.8m | €684,958 | €232,515 | €1.9m | €130,237 | ▼ 93.1% |
| Non-recurring financial charges66B | - | - | - | - | €0 | - |
| Profit (loss) for the period before taxes9903 | €41.7m | €30.5m | €69.7m | €18.9m | €128.4m | ▲ 578% |
| Transfer from deferred taxes780 | €8,562 | €8,562 | €8,562 | €8,562 | €2,016 | ▼ 76.5% |
| Income taxes67/77 | - | €214,370 | -€50,639 | €787,617 | €694,421 | ▼ 11.8% |
| Taxes670/3 | - | €214,370 | - | €787,617 | €740,000 | ▼ 6.0% |
| Tax adjustments and reversals of tax provisions77 | - | - | €50,639 | - | €45,579 | - |
| Profit (loss) for the period9904 | €41.7m | €30.3m | €69.8m | €18.2m | €127.7m | ▲ 603% |
| Profit (loss) for the period to be appropriated9905 | €41.7m | €30.3m | €69.8m | €18.2m | €127.7m | ▲ 603% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €332.9m | €397.0m | €440.9m | €406.8m | €309.0m | ▼ 24.0% |
| Fixed assets21/28 | €244.0m | €261.3m | €261.0m | €261.0m | €262.2m | ▲ 0.5% |
| Tangible fixed assets22/27 | €10.3m | €10.2m | €9.9m | €9.8m | €11.0m | ▲ 12.1% |
| Land and buildings22 | €9.5m | €9.0m | €8.7m | €8.3m | €9.2m | ▲ 9.9% |
| Plant, machinery and equipment23 | €603,570 | €675,984 | €544,960 | €548,079 | €429,795 | ▼ 21.6% |
| Furniture and vehicles24 | €229,474 | €473,239 | €606,677 | €513,723 | €958,584 | ▲ 86.6% |
| Leasing and similar rights25 | €8,029 | €2,676 | - | - | - | - |
| Assets under construction and advance payments27 | - | - | - | €408,264 | €450,000 | ▲ 10.2% |
| Financial fixed assets28 | €233.7m | €251.2m | €251.2m | €251.2m | €251.2m | = |
| Affiliated companies280/1 | €233.7m | €251.2m | €251.2m | €251.2m | €251.2m | = |
| Participating interests280 | €233.7m | €251.2m | €251.2m | €251.2m | €251.2m | = |
| Other financial fixed assets284/8 | €3,300 | €3,300 | €3,300 | €3,300 | €3,300 | = |
| Amounts receivable and cash guarantees285/8 | €3,300 | €3,300 | €3,300 | €3,300 | €3,300 | = |
| Current assets29/58 | €88.9m | €135.7m | €179.9m | €145.8m | €46.8m | ▼ 67.9% |
| Amounts receivable within one year40/41 | €8.7m | €123.1m | €164.6m | €117.7m | €46.4m | ▼ 60.6% |
| Trade receivables40 | €7.5m | €2.5m | €2.3m | €2.3m | €74,241 | ▼ 96.7% |
| Other amounts receivable41 | €1.2m | €120.6m | €162.2m | €115.5m | €46.3m | ▼ 59.9% |
| Cash at bank and in hand54/58 | €80.0m | €12.4m | €15.1m | €26.7m | €261,525 | ▼ 99.0% |
| Deferred charges and accrued income490/1 | €110,087 | €177,854 | €242,912 | €1.4m | €188,358 | ▼ 86.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €332.9m | €397.0m | €440.9m | €406.8m | €309.0m | ▼ 24.0% |
| Equity10/15 | €109.2m | €139.4m | €209.2m | €147.3m | €195.0m | ▲ 32.3% |
| Contributions10/11 | €81.6m | €81.6m | €81.6m | €81.6m | €81.6m | = |
| Reserves13 | €4.6m | €4.6m | €4.6m | €4.6m | €4.6m | = |
| Non-distributable reserves130/1 | €4.6m | €4.6m | €4.6m | €4.6m | €4.6m | = |
| Reserves not available under the articles1311 | €4.6m | €4.6m | €4.6m | €4.6m | €4.6m | = |
| Profit (loss) carried forward14 | €22.9m | €53.2m | €123.0m | €61.1m | €108.8m | ▲ 78.0% |
| Investment grants15 | €53,802 | €37,173 | €20,545 | €3,916 | - | - |
| Provisions and deferred taxes16 | €30,245 | €19,141 | €10,578 | €2,016 | - | - |
| Provisions for liabilities and charges160/5 | €2,541 | - | - | - | - | - |
| Pensions and similar obligations160 | €2,541 | - | - | - | - | - |
| Deferred taxes168 | €27,704 | €19,141 | €10,578 | €2,016 | - | - |
| Amounts payable17/49 | €223.7m | €257.6m | €231.7m | €259.4m | €114.0m | ▼ 56.1% |
| Amounts payable after more than one year17 | €198.7m | €198.7m | €198.7m | €198.7m | €0 | ▼ 100% |
| Financial debts170/4 | €198.7m | €198.7m | €198.7m | €198.7m | €0 | ▼ 100% |
| Other loans174 | €198.7m | €198.7m | €198.7m | €198.7m | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €24.6m | €58.7m | €32.7m | €60.4m | €113.7m | ▲ 88.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €26.7m | - |
| Financial debts43 | €20.7m | €54.9m | €30.2m | €57.7m | - | - |
| Credit institutions430/8 | €10.7m | €2.3m | €4.5m | €335,820 | - | - |
| Other loans439 | €10.0m | €52.6m | €25.7m | €57.3m | - | - |
| Trade debts44 | €138,102 | €785,656 | €247,575 | €243,188 | €4.9m | ▲ 1,898% |
| Suppliers440/4 | €138,102 | €785,656 | €247,575 | €243,188 | €4.9m | ▲ 1,898% |
| Taxes, remuneration and social security45 | €1.9m | €3.0m | €2.3m | €2.5m | €2.2m | ▼ 13.8% |
| Taxes450/3 | €220,692 | €101,000 | €87,261 | €129,867 | €222,960 | ▲ 71.7% |
| Remuneration and social security454/9 | €1.7m | €2.9m | €2.2m | €2.4m | €2.0m | ▼ 18.4% |
| Other amounts payable47/48 | €1.9m | €2 | €2 | €2 | €80.0m | ▲ 4,000,221,050% |
| Accrued charges and deferred income492/3 | €337,112 | €222,199 | €338,164 | €285,242 | €214,494 | ▼ 24.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41.7m | €30.3m | €69.8m | €18.2m | €127.7m | ▲ 603% |
| + Depreciation and write-downs630 | €956,947 | €870,462 | €842,568 | €824,283 | €921,836 | ▲ 11.8% |
| Operating cash flow (approximation) | €42.6m | €31.1m | €70.6m | €19.0m | €128.6m | ▲ 577% |
| Investment in fixed assets (approximation) | - | -€18.2m | -€538,406 | -€766,944 | -€2.1m | ▼ 176% |
| Change in cash | - | -€67.6m | €2.7m | €11.6m | -€26.5m | ▼ 328% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €127.7m ▲603%
Net result €127.7m, the highest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €18.2m ▼74%
Net result drops to €18.2m, the lowest in the series; recovery starts the following year.
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity doublescurrent ratio 5.50
Current ratio from 2.31 to 5.50; short-term debt falls from €58.7m to €32.7m.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Liquidity doublescurrent ratio 4.23
Current ratio from 1.97 to 4.23; short-term debt falls from €41.2m to €19.3m.
31-12
Financial
Equity above €100mEq €105.5m ▲22.2%
2 profitable years in a row build equity to €105.5m.
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Show earlier events
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
07-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 27 acts read
About the unread acts
We know of 27 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
27 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, Maasmechelen · 1 establishment unit since 1994
Ground area
9.1 ha
Building footprint
2.0 ha
Volume, LiDAR
180,484 m³
Parcel 73060B0102/00L000, Flanders · tallest building 13.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GRACO
since 19942.052.857.718
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73060B0102/00L000 | Flanders | 9.1 ha | 1 · 2.0 ha | 13.7 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 16,682 EUR awarded · 16,682 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 660 EUR | 660 EUR |
| 2024 | 1 | 1,981 EUR | 1,981 EUR |
| 2023 | 2 | 10,825 EUR | 10,825 EUR |
| 2022 | 1 | 3,216 EUR | 3,216 EUR |
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 1,203 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
Founded28-12-1990
Fiscal year end31-12
Activities, NACEBEL 2025
46649Wholesale of other machinery and equipment
64210Activities of holding companies
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442975937
Also
9925:BE0442975937
Registered
26-11-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.