GRADEFA

Active

Private limited companyfounded 20196 yrs activeRue des Houyeux 10, 4630 Soumagne, BelgiumKBO/BCE: BE 0736.543.170

Summary

The computed 12-month bankruptcy probability of GRADEFA is 2.5% (moderate). The 2025 annual accounts show equity of €16,682 and a net result of €981. Equity is growing by ~16.9% per year across the filed fiscal years. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysis Watch Report Compare

GRADEFAActiveChecked score 79/100

Risk analysis Report Compare

Checked score

Score 2025

79 / 100

Excellent

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability75▼-25

Solvency100▲+10

Growth52▼-26

Track record100

Bankruptcy probability, 12 months

2.5% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1,000 at 30 days acceptable

Liquidity ample (current ratio 9.16 against 2.8 in 2024; short-term debt: 10.3% and cash: 80.8% of total assets), and 10.3% of the assets are financed with debt.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

No NACE activity registered

No NACE activity is registered in the KBO, which is more common among companies that later fail.

KBO · activities

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

89.7%

Return on assets

5.3%

Age of the figures

12 mo

Filed after the deadline

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-05-2026, 29 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 · 6 filings

Deviation from the deadline

2025

29 d late

2024

26 d late

2023

29 d late

2022

30 d late

2021

31 d late

2020

31 d late

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its last 6 accounts on average 29 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

28-09-2026 today30-09-2026 close30-04-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

On 18 October 2019, GRADEFA was incorporated as a Private limited company.¹ Total assets went from EUR 21,426 in 2020 to EUR 18,605 in 2025.²

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, micro schema

Equity

€16,682▲ 6.2%

2024 · €15,701

Total assets

€18,605▼ 22.9%

2024 · €24,145

Net result

€981▼ 92.4%

2024 · €12,867

Working capital

€15,689▲ 3.0%

2024 · €15,226

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20212022202320242025

Operating result€8,748▼ 29.7%€4,403▼ 49.7%€11,219▲ 155%€20,297▲ 80.9%€1,762▼ 91.3%

Net result€4,979▼ 36.9%€803▼ 83.9%€6,704▲ 735%€12,867▲ 91.9%€981▼ 92.4%

Equity€12,876▲ 63.1%€3,829▼ 70.3%€5,833▲ 52.3%€15,701▲ 169%€16,682▲ 6.2%

Total assets€21,510▲ 0.4%€8,418▼ 60.9%€11,606▲ 37.9%€24,145▲ 108%€18,605▼ 22.9%

Debt€8,634▼ 36.2%€4,589▼ 46.9%€5,773▲ 25.8%€8,444▲ 46.3%€1,923▼ 77.2%

Working capital€12,182▲ 74.7%€2,513▼ 79.4%€4,938▲ 96.5%€15,226▲ 208%€15,689▲ 3.0%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 91% below 2024 and is the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €18,605

94.7%

Fixed assets €993 ▲ 109%

Current assets €17,612 ▼ 25.6%

Equity and liabilities €18,605

89.7%

10%

Equity €16,682 ▲ 6.2%

Debt €1,923 ▼ 77.2%

Debt's share of the balance-sheet total falls from 35.0% to 10.3%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€2,417▼

2024 · €20,718

Cash flow

€1,637▼

2024 · €13,288

Current ratio

9.16▲

2024 · 2.80

Debt to equity

0.12▼

2024 · 0.54

ROE

5.9%▼

2024 · 82.0%

ROA

5.3%▼

2024 · 53.3%

Interest coverage

53.72▼

2024 · 459.48

Debt ≤ 1 year

€1,923▼

2024 · €8,444

Income taxes

€736▼

2024 · €7,384

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.

Micro
5 to 10 years old
solvency 30% or more
a profit of 5% of the balance sheet or more

1.5% went bankrupt

3.4% stopped otherwise

95% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group	Expected	Actual
1	0.2%	0.2%
2	0.3%	0.4%
3	0.5%	0.5%
4	0.6%	0.7%
5	0.8%	0.9%
6	1.2%	1.3%
7	1.5%	1.7%
8	1.7%	1.7%
9	2.7%	2.8%
10	5.3%	5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 26,970 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines

Balance sheet Code20242025

Assets

Total assets20/58€24,145€18,605▼

Fixed assets21/28€475€993▲

Tangible fixed assets22/27€475€993▲

Furniture and vehicles24€475€54▼

Other tangible fixed assets26-€939

Current assets29/58€23,670€17,612▼

Amounts receivable within one year40/41€1,987€2,572▲

Trade receivables40€1,987€2,572▲

Cash at bank and in hand54/58€21,683€15,040▼

Equity and liabilities

Total equity and liabilities10/49€24,145€18,605▼

Equity10/15€15,701€16,682▲

Contributions10/11€1€1=

Capital10€1€1=

Issued capital100€1€1=

Profit (loss) carried forward14€15,700€16,681▲

Amounts payable17/49€8,444€1,923▼

Amounts payable within one year42/48€8,444€1,923▼

Trade debts44€348€348=

Suppliers440/4€348€348=

Taxes, remuneration and social security45€7,834€1,536▼

Taxes450/3€7,834€1,536▼

Other amounts payable47/48€262€39▼

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€421€656▲

Other operating charges640/8€448€1,645▲

Gross operating margin9900€21,166€4,062▼

Operating profit (loss)9901€20,297€1,762▼

Financial charges65/66B€45€45▼

Recurring financial charges65€45€45▼

Profit (loss) for the period before taxes9903€20,252€1,717▼

Income taxes67/77€7,384€736▼

Profit (loss) for the period9904€12,867€981▼

Profit (loss) for the period to be appropriated9905€12,867€981▼

Appropriation of the result

Profit (loss) to be appropriated9906€18,700€16,681▼

Profit (loss) brought forward from the previous period14P€5,832€15,700▲

Profit to be distributed694/7€3,000-

Return on contributions (dividend)694€3,000-

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€231	€326	€421	€421	€656	▲ 55.8%
Other operating charges640/8	€402	€405	€411	€448	€1,645	▲ 267%
Gross operating margin9900	€9,382	€5,133	€12,051	€21,166	€4,062	▼ 80.8%
Operating profit (loss)9901	€8,748	€4,403	€11,219	€20,297	€1,762	▼ 91.3%
Financial charges65/66B	€34	€45	€20	€45	€45	▼ 0.2%
Recurring financial charges65	€34	€45	€20	€45	€45	▼ 0.2%
Non-recurring financial charges66B	€34	-	-	-	-	-
Profit (loss) for the period before taxes9903	€8,714	€4,358	€11,199	€20,252	€1,717	▼ 91.5%
Income taxes67/77	€3,735	€3,555	€4,494	€7,384	€736	▼ 90.0%
Profit (loss) for the period9904	€4,979	€803	€6,704	€12,867	€981	▼ 92.4%
Profit (loss) for the period to be appropriated9905	€4,979	€803	€6,704	€12,867	€981	▼ 92.4%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€21,510	€8,418	€11,606	€24,145	€18,605	▼ 22.9%
Fixed assets21/28	€694	€1,316	€896	€475	€993	▲ 109%
Tangible fixed assets22/27	€694	€1,316	€896	€475	€993	▲ 109%
Furniture and vehicles24	€694	€1,316	€896	€475	€54	▼ 88.7%
Other tangible fixed assets26	-	-	-	-	€939	-
Current assets29/58	€20,817	€7,101	€10,711	€23,670	€17,612	▼ 25.6%
Amounts receivable within one year40/41	€3,046	€2,296	€1,746	€1,987	€2,572	▲ 29.4%
Trade receivables40	€3,046	€2,296	€1,746	€1,987	€2,572	▲ 29.4%
Cash at bank and in hand54/58	€17,771	€4,805	€8,965	€21,683	€15,040	▼ 30.6%
Equity and liabilities
Total equity and liabilities10/49	€21,510	€8,418	€11,606	€24,145	€18,605	▼ 22.9%
Equity10/15	€12,876	€3,829	€5,833	€15,701	€16,682	▲ 6.2%
Contributions10/11	€1	€1	€1	€1	€1	=
Capital10	€1	€1	€1	€1	€1	=
Issued capital100	€1	€1	€1	€1	€1	=
Profit (loss) carried forward14	€12,875	€3,828	€5,832	€15,700	€16,681	▲ 6.2%
Amounts payable17/49	€8,634	€4,589	€5,773	€8,444	€1,923	▼ 77.2%
Amounts payable within one year42/48	€8,634	€4,589	€5,773	€8,444	€1,923	▼ 77.2%
Trade debts44	€348	€348	€348	€348	€348	=
Suppliers440/4	€348	€348	€348	€348	€348	=
Taxes, remuneration and social security45	€8,287	€4,220	€5,390	€7,834	€1,536	▼ 80.4%
Taxes450/3	-	€4,220	€5,390	€7,834	€1,536	▼ 80.4%
Remuneration and social security454/9	€8,287	-	-	-	-	-
Other amounts payable47/48	-	€22	€36	€262	€39	▼ 84.9%

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€4,979	€803	€6,704	€12,867	€981	▼ 92.4%
+ Depreciation and write-downs630	€231	€326	€421	€421	€656	▲ 55.8%
Operating cash flow (approximation)	€5,210	€1,129	€7,125	€13,288	€1,637	▼ 87.7%
Investment in fixed assets (approximation)	-	-€949	€0	€0	-€1,174	-
Change in cash	-	-€12,965	€4,159	€12,719	-€6,643	▼ 152%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 9Financial 3Filings 6

Next filing, fiscal year 2026, expected by 30-04-2027

2026

29-05

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 29 days late

2025

30-09

Financial Liquidity triplescurrent ratio 9.16

Current ratio from 2.80 to 9.16; short-term debt falls from €8,444 to €1,923.

26-05

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 26 days late

2024

30-09

Financial Highest result since 2020net €12,867 ▲91.9%

Operating result €20,297, net result €12,867, both a record.

29-05

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 29 days late

2023

30-05

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 30 days late

2022

30-09

Financial Weakest financial yearnet €803 ▼83.9%

Net result drops to €803, the lowest in the series; recovery starts the following year.

31-05

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

2021

31-05

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 31 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 1 act read

About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

1 act for this company is 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, Soumagne · 1 establishment unit since 2019

seat establishment The establishment unit on the map

Ground area

833 m²

Building footprint

132 m²

Volume, LiDAR

884 m³

Parcel 62099A0184/00M004, Wallonia · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

GRADEFA

Rue des Houyeux 10, 4630 SoumagneHuman health activities

since 20192.297.026.712

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62099A0184/00M004	Wallonia	833 m²	1 · 132 m²	8.6 m · 2 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.

Identification & contact

Identification

Legal formPrivate limited company

Founded18-10-2019

Fiscal year end30-09

E-invoicing

Reachable via Peppol

Peppol ID 0208:0736543170

Also 9925:BE0736543170

Registered 04-03-2026

Scores and ratios are computed by Checked and are not a credit decision.