GRACOBUILD
ActiveFrom the official registers: KBO 47 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
GRACOBUILD has been active since 1973 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.7m and a net result of €35,521, of which €44,125 non-recurring income. Equity has been stable since 2019 (±1.3% per year). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
KBO- Status
- Active since 01-12-1973 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.009.024.903 9250 Waasmunster, since 01-12-1973
- Financial year end
- 30 September
- Peppol
- Not found in the Peppol Directory
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €21,486
- ▼ 16.4%
- Turnover
- ≈ €160,000
- estimated
- Profit
- €35,521
- ▼ 40.1%
- Equity
- €1.7m
- ▲ 98.7%
- Total assets
- €2.4m
- ▲ 88.7%
Score breakdownraises risk2 of the last 3 accounts latelowers riskSize: total assets €2.4mEquity €1.7m (71.8% of total assets)No main activity registeredShow the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
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 (no NACE code, small). It does better than 61% of them on solvency, 58% on liquidity, 76% on profitability and 95% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 48 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 29-04-2026 PDF all 47 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is a loss of €10,035, larger than the loss of €5,531 in 2024. It is the lowest result since 2021.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Securities and guarantees
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | - | €525,000 | €525,000 | €525,000 | €525,000 |
| Carrying value of the mortgaged assets | - | €627,516 | €611,039 | €594,564 | €952,543 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €6,050 | - | - | - | €305,576 |
| Financial fixed assets | - | - | €206,625 | - | - |
| Depreciation and write-downs of the year | €26,263 | €26,549 | €26,549 | €26,549 | €26,721 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Companies with the same profile, two years later
Historical observationIn July 2024, 14,766 companies had the same profile as GRACOBUILD has now. Two years later, 0.2% had gone bankrupt and 96.2% were still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GRACOBUILD itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,445 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 14,766 companies, not a prediction for GRACOBUILD. 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,138 | €25,944 | €26,263 | €26,549 | €26,549 | €26,549 | €26,721 | ▲ 0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €4,357 | €4,548 | - | - | - |
| Other operating charges640/8 | - | - | €5,205 | - | - | €4,683 | €4,800 | ▲ 2.5% |
| Gross operating margin9900 | €26,258 | €31,249 | €35,921 | €26,980 | €27,250 | €25,701 | €21,486 | ▼ 16.4% |
| Operating profit (loss)9901 | -€2,894 | €1,243 | €4,453 | -€3,926 | -€3,847 | -€5,531 | -€10,035 | ▼ 81.4% |
| Financial income75/76B | - | - | - | - | - | €64,470 | €44,693 | ▼ 30.7% |
| Recurring financial income75 | - | - | - | - | - | €95 | €568 | ▲ 498% |
| Non-recurring financial income76B | - | - | - | - | - | €64,375 | €44,125 | ▼ 31.5% |
| Financial charges65/66B | - | - | €2,864 | €2,515 | €2,016 | €1,640 | €1,106 | ▼ 32.6% |
| Recurring financial charges65 | €3,702 | €3,347 | €2,864 | €2,515 | €2,016 | €1,640 | €1,106 | ▼ 32.6% |
| Profit (loss) for the period before taxes9903 | -€6,596 | -€2,104 | €1,589 | -€6,441 | -€5,863 | €57,299 | €33,552 | ▼ 41.4% |
| Transfer from deferred taxes780 | - | - | €1,969 | €1,969 | €1,969 | €1,969 | €1,969 | = |
| Profit (loss) for the period9904 | -€4,627 | -€135 | €3,558 | -€4,472 | -€3,894 | €59,268 | €35,521 | ▼ 40.1% |
| Transfer from tax-exempt reserves789 | - | - | €4,688 | €4,688 | €4,688 | €4,688 | €4,688 | = |
| Profit (loss) for the period to be appropriated9905 | €61 | €4,553 | €8,246 | €216 | €794 | €63,956 | €40,209 | ▼ 37.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.2m | €1.1m | €1.1m | €1.1m | €1.3m | €1.3m | €2.4m | ▲ 88.7% |
| Fixed assets21/28 | €1.1m | €1.1m | €1.1m | €1.1m | €1.3m | €1.0m | €2.2m | ▲ 110% |
| Tangible fixed assets22/27 | €1.0m | €1.0m | €1.0m | €0.9m | €0.9m | €0.9m | €2.0m | ▲ 125% |
| Land and buildings22 | - | - | €1.0m | €0.9m | €0.9m | €0.9m | €1.7m | ▲ 90.6% |
| Other tangible fixed assets26 | - | - | - | - | - | - | €0.3m | - |
| Financial fixed assets28 | €0.2m | €0.2m | €0.2m | €0.2m | €0.4m | €0.2m | €0.2m | ▲ 27.2% |
| Current assets29/58 | €0.02m | €26 | €0.002m | €0.002m | €0.002m | €0.2m | €0.2m | ▼ 6.5% |
| Amounts receivable within one year40/41 | €0.008m | - | €0.002m | €0.002m | €0.002m | €0.06m | €0.05m | ▼ 12.8% |
| Trade receivables40 | - | - | €0.002m | €0.002m | €0.002m | €0.001m | €0.002m | ▲ 66.7% |
| Other amounts receivable41 | - | - | - | - | - | €0.06m | €0.05m | ▼ 14.4% |
| Cash at bank and in hand54/58 | €0.01m | €26 | €247 | €139 | €377 | €0.2m | €0.2m | ▼ 4.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.2m | €1.1m | €1.1m | €1.1m | €1.3m | €1.3m | €2.4m | ▲ 88.7% |
| Equity10/15 | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.9m | €1.7m | ▲ 98.7% |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Revaluation surpluses12 | - | - | - | - | - | - | €0.8m | - |
| Reserves13 | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.9m | ▲ 4.2% |
| Non-distributable reserves130/1 | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves not available under the articles1311 | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Other1319 | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Tax-exempt reserves132 | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 1.8% |
| Distributable reserves133 | - | - | €0.5m | €0.5m | €0.5m | €0.6m | €0.6m | ▲ 7.0% |
| Provisions and deferred taxes16 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 1.6% |
| Deferred taxes168 | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 1.6% |
| Amounts payable17/49 | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.6m | ▲ 98.2% |
| Amounts payable after more than one year17 | €0.08m | €0.07m | €0.06m | €0.05m | €0.03m | €0.02m | €0.008m | ▼ 60.0% |
| Financial debts170/4 | - | - | €0.06m | €0.05m | €0.03m | €0.02m | €0.008m | ▼ 60.0% |
| Amounts payable within one year42/48 | €0.03m | €0.04m | €0.05m | €0.05m | €0.3m | €0.2m | €0.5m | ▲ 132% |
| Current portion of amounts payable after more than one year42 | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Trade debts44 | €0.01m | €0.005m | €0.003m | €0.003m | €0.004m | €0.005m | €0.01m | ▲ 90.5% |
| Suppliers440/4 | - | - | €0.003m | €0.003m | €0.004m | €0.005m | €0.01m | ▲ 90.5% |
| Other amounts payable47/48 | - | - | €0.03m | €0.04m | €0.2m | €0.2m | €0.5m | ▲ 140% |
| Accrued charges and deferred income492/3 | - | - | €0.07m | €0.06m | €0.04m | €0.03m | €0.02m | ▼ 42.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.005m | -€135 | €0.004m | -€0.004m | -€0.004m | €0.06m | €0.04m | ▼ 40.1% |
| + Depreciation and write-downs630 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | ▲ 0.6% |
| Operating cash flow (approximation) | €0.02m | €0.03m | €0.03m | €0.02m | €0.02m | €0.09m | €0.06m | ▼ 27.5% |
| Investment in fixed assets (approximation) | - | -€0.03m | -€0.006m | €1 | -€0.2m | €0.2m | -€1.2m | - |
| Change in cash | - | -€0.01m | €221 | -€108 | €238 | €0.2m | -€0.007m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 47 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 29-04-2026 | 2026-00098001 | |
| 30-09-2024 | micro format | 30-09-2025 | 2025-00529399 | |
| 30-09-2023 | micro format | 31-07-2024 | 2024-00319845 | |
| 30-09-2022 | micro format | 03-05-2023 | 2023-00081626 | |
| 30-09-2021 | micro format | 30-05-2022 | 2022-20040657 | |
| 30-09-2020 | full format | 31-05-2021 | 2021-16400438 | |
| 30-09-2019 | full format | 29-05-2020 | 2020-13700220 | |
| 30-09-2018 | full format | 09-05-2019 | 2019-12900447 | |
| 30-09-2017 | full format | 31-05-2018 | 2018-15300515 | |
| 30-09-2016 | full format | 31-05-2017 | 2017-14100300 |
Board & ownership
Directors
Board 1
Permanent representatives 1
Owners and capital
Owners
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| SAMACO |
|
| SHANGRI-LA |
|
Network & group
Connections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Timeline
Acts, filings and financial milestones
08-05
Gazette deed
Permanent representative: Abbeel ManuRegistered-office move4 points ▸
- Board meeting, 01-04-2024
- Registered-office move, Lindenlaan 14,9250 Waasmunster
- Director in office, Samaco (director)
- Permanent representative, Abbeel Manu
15-06
Gazette deed
Resignation: Shangri-la BV (director)Permanent representative: Abbeel Manu · Appointment: Samaco BV (director) · Director discharge5 points ▸
- General meeting, 15-05-2023
- Director resignation, Shangri-la BV (director)
- Director discharge, Shangri-la BV (director)
- Permanent representative, Abbeel Manu, mentioned 2 times in the deed
- Director appointment, Samaco BV (director)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 42023B0751/00S000 | Flanders | 1,248 m² | 1 · 181 m² | 7.4 m · 2 |