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GRADES

Active Private limited company (pre-2019)founded 1991active for 35 yearsMechelsesteenweg 15, 3012 LeuvenKBO/BCE: BE 0443.146.775
GRADES
Financial year 2025
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Annual accounts 2025

micro format, filed on 09-08-2026, 9 days late
€57,411
▼ 32.2%
€28,015
▼ 22.5%
€20,174
▼ 21.6%
€26,764
▲ 519%
49.7%
▲ 16.4 percentage points
1.75
▲ 0.66

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €140,000. Estimated: probably between €110,000 and €160,000.

Balance sheet

balance sheet total €126,706 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

49.7%

Higher than 68% of 5,754 companies in 2025.

1.75

Higher than 67% of 5,318 companies in 2025.

15.9%

Higher than 75% of 5,363 companies in 2025.

GRADES Middle half of the sector 80% of the sector Micro accounts in personal services (NACE 96)

Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Staff

€12,798

Staff costs divided by the average number of full-time equivalents.

level

people who joined people who left

In 2025, 2 people joined and 2 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 126,706128,44075,35068,03164,71069,65559,56560,55945,58761,64873,08567,860109,51796,68796,24169,93568,83372,67459,64065,244
21/28 64,23274,58826,98622,95632,20743,66822,47019,07617,23726,66535,27926,12310,29015,29216,66413,13120,63033,67130,89638,739
22/27 64,23274,58826,98622,95632,20743,66822,47019,07617,23726,66535,27926,12310,29015,29216,66413,13120,63033,67130,89638,739
22 19,78522,30912,373-----------------
23 -2886811,1572075275864683308431,2581,0138961,6062,0711,3666501,1081,583141
24 6,9691,9059,62116,47121,55127,5692,4523561,3912,3762,07220,2141,1972,1602,144-----
25 34,06745,423--3,984---------------
26 3,4114,6634,3115,3276,4657,6027,4792,3153,7775,8388,4714,8968,19711,52612,4494,76710,13515,26320,96726,079
29/58 62,47453,85248,36445,07532,50225,98837,09541,48328,35034,98337,80641,73799,22781,39579,57756,80448,20339,00328,74426,505
3 9,8279,8279,8279,8279,8279,8279,8279,8279,8279,08215,98015,98015,98016,22915,91612,8709,9828,7407,5496,692
30/36 9,8279,8279,8279,8279,8279,8279,8279,8279,8279,08215,98015,98015,98016,22915,91612,8709,9828,7407,5496,692
40/41 36,25237,38618,1679,2814,78614,97620,49219,1696,93916,11215,0662,40677,93754,54643,30233,52930,19624,00213,07116,951
40 1,169-----1,102-638170----------
41 35,08337,38618,1679,2814,78614,97619,39019,1696,30115,94215,0662,40677,93754,54643,30233,52930,19624,00213,07116,951
54/58 15,6195,88919,30724,85916,8732254,99610,85111,5849,7896,76023,3514,86910,62020,35910,4058,0256,2617,1332,862
490/1 7767501,0641,1071,0169601,7801,636----441-----991-
Balance sheet: equity and liabilities
10/49 126,706128,44075,35068,03164,71069,65559,56560,55945,58761,64873,08567,860109,51796,68796,24169,93568,83372,67459,64065,244
10/15 62,92342,74937,02313,0211,06912,53237,70533,80422,14327,69433,29138,59733,91380,32767,09151,57144,26338,74129,55616,751
10/11 18,75018,75018,75018,75018,75018,75018,75018,75018,75018,75018,75018,75018,75018,75018,75018,75018,75018,75018,75018,750
100 ------18,75018,75018,75018,75018,75018,75018,75018,75018,75018,75018,75018,75018,75018,750
13 10,69210,69210,69210,69210,69210,69210,69210,69210,69210,69210,69210,69210,69210,69210,69210,69210,64310,2179,7348,817
130/1 1,8751,8751,8751,8751,8751,875--------------
130 ------1,8751,8751,8751,8751,8751,8751,8751,8751,8751,8751,8261,400917-
1311 1,8751,8751,8751,8751,8751,875--------------
132 2,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,000
133 6,8176,8176,8176,8176,8176,8176,8176,8176,8176,8176,8176,8176,8176,8176,8176,8176,8176,8176,8176,817
14 33,48113,3077,581-16,421-28,373-16,9108,2634,362-7,299-1,7483,8499,1554,47150,88537,64922,12914,8709,7741,072-10,816
17/49 63,78385,69138,32755,01063,64157,12421,86026,75623,44433,95439,79429,26375,60416,36029,15018,36424,57033,93330,08448,493
17 28,07336,1636,63016,76631,81124,62510,53614,3316,30013,72921,0187023,4266,0168,8074,1067,60612,8276,54016,001
170/4 28,07336,1636,63016,76631,81124,62510,53614,3316,30013,72921,0187023,4266,0168,8074,1067,60612,8276,54016,001
42/48 35,71049,52931,69638,24331,83032,49911,32512,42417,14420,22518,77628,56172,17810,34419,35114,25816,96421,10623,54432,492
42 12,37316,64310,13615,04416,01510,4343,7953,7407,4297,2897,8532,7242,5902,4635,7733,1534,8757,2169,46114,885
43 -----6,003-----------946516147
430/8 -----6,003-----------946516147
44 4,6402,4034,3368,0496,57913,1533,4915,1153,5868,4716,2736,8855,2852,5071,3063,0685,9084,0293,0884,154
440/4 4,6402,4034,3368,0496,57913,1533,4915,1153,5868,4716,2736,8855,2852,5071,3063,0685,9084,0293,0884,154
45 18,69716,48317,22415,1509,2362,9084,0383,5696,1294,4654,6507,63616,8035,37412,2728,0376,1818,91510,4795,306
450/3 18,19016,48317,22413,9186,5772,9083,2753,4233,4691,8444,1345,24616,8034,51012,2727,9856,1818,91510,4795,306
454/9 507--1,2322,658-7621462,6592,6225162,390-864-52----
47/48 -14,000---------11,31647,500------8,000
492/3 --------------992-----
Income statement
76A -1,545-13,4745,0509,700252,390--6,581720-1071,701-9244,915--
9900 57,41184,685107,825102,31957,76325,02357,56172,56465,19249,20948,03965,86464,12649,73142,70233,96536,23532,57334,24229,857
62 10,23928,46271,35673,23953,31641,95243,22949,69459,28242,46443,69449,10045,29027,30914,47410,93411,4247,0591,976232
630 16,72316,2519,17112,04912,0848,6088,2927,52610,20411,14313,85310,3716,0286,2839,74310,53013,76213,63310,46011,875
640/8 2,4343,8404831,4211,1633268251,8611,2511,6121,1975591,3394426387171,3751,129878940
66A -------------258------
9901 28,01536,13326,81515,610-8,800-25,8635,21513,484-5,545-6,011-10,7055,83411,46915,69717,84711,7849,67410,75220,92816,810
75/76B 1,8961,5217324886231,6801,6451,0979371,9051492,8595,5304,3963,15057636--
75 1,8961,5217324886231,6801,6451,0979371,9051492,8595,5304,3963,15057636--
65/66B 3,2293,9621,2763,8973,0518291,6251,1086871,3421,2482,2461,8672,2112,0021,2942,1332,1152,5942,990
65 3,2293,9621,2763,8973,0518291,6251,1086871,3421,2482,2461,8672,2112,0021,2942,1332,1152,5942,990
9903 26,68333,69126,27112,200-11,229-25,0125,23513,473-5,294-5,447-5,2237,16715,13217,73120,69610,5478,52813,55818,33413,820
67/77 6,5087,9652,2692482341621,3341,812257150832,4831,5464,4955,1763,2393,0064,3735,5291,975
9904 20,17425,72624,00211,952-11,463-25,1733,90111,660-5,551-5,597-5,3064,68413,58613,23615,5207,3085,5229,18512,80511,845
9905 20,17425,72624,00211,952-11,463-25,1733,90111,660-5,551-5,597-5,3064,68413,58613,23615,5207,3085,5229,18512,80511,845
Appropriation of the result
9906 33,48133,3077,581-16,421-28,373-16,9108,2634,362-7,299-1,7483,8499,15564,47150,88537,64922,17815,29610,2571,989-2,816
14P 13,3077,581-16,421-28,373-16,910---------------
691/2 ---------------49426483917-
6920 ---------------49426483917-
694/7 -20,000----------60,000------8,000
694 -20,000----------50,000-------
695 ------------10,000------8,000
Social balance sheet
9087 0.81.31.41.51.51.61.21.41.51.51.51.31.30.90.50.30.31.10.70.1
Hours worked1013 8757652,5292,6742,0401,7401,8112,0922,6851,7771,5912,2872,3491,5438046247421,77777699
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 15 older financial years (1991-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 9 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 09-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 9 days after the deadline. Filed on 9 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00389047.

Financial year Type Filed Reference Document
31-12-2025 micro format 09-08-2026 2026-00389047 PDF
31-12-2024 micro format 16-09-2025 2025-00492219 PDF
31-12-2023 micro format 07-10-2024 2024-00495895 PDF
31-12-2022 micro format 02-08-2023 2023-00306365 PDF
31-12-2021 micro format 12-08-2022 2022-20284399 PDF
31-12-2020 micro format 09-08-2021 2021-46900318 PDF
31-12-2019 micro format 13-08-2020 2020-41000035 PDF
31-12-2018 micro format 23-10-2019 2019-71100011 PDF
31-12-2017 micro format 25-07-2018 2018-37400067 PDF
31-12-2016 micro format 09-08-2017 2017-42000392 PDF
31-12-2015 abbreviated format 10-08-2016 2016-41400356 PDF
31-12-2014 abbreviated format 10-08-2015 2015-40700358 PDF
31-12-2013 abbreviated format 29-09-2014 2014-60600369 PDF
31-12-2012 abbreviated format 09-08-2013 2013-41000347 PDF
31-12-2011 abbreviated format 26-10-2012 2012-61800408 PDF
31-12-2010 abbreviated format 11-08-2011 2011-39300548 PDF
31-12-2009 abbreviated format 29-07-2010 2010-36500311 PDF
31-12-2008 abbreviated format 07-08-2009 2009-55400376 PDF
31-12-2007 abbreviated format 08-08-2008 2008-55000052 PDF
31-12-2006 abbreviated format 24-07-2007 2007-46000031 PDF
31-12-2005 abbreviated format 23-11-2006 2006-88104413 PDF
31-12-2004 abbreviated format 12-08-2005 2005-64104802 PDF
31-12-2003 abbreviated format 30-09-2004 2004-68700259 PDF
31-12-2002 abbreviated format 21-10-2003 2003-75501377 PDF
31-12-2001 abbreviated format 26-09-2002 2002-58801668 PDF
31-12-2000 abbreviated format 15-06-2001 2001-21602490 PDF
31-12-1999 abbreviated format 14-08-2000 2000-51104162 PDF
31-12-1998 abbreviated format 29-06-1999 1999-25302613 PDF
31-12-1997 abbreviated format 01-07-1998 1998-27102585 PDF
31-12-1996 abbreviated format 30-06-1997 1997-22603554 PDF
31-12-1995 abbreviated format 10-10-1996 1996-47403713 PDF
31-12-1994 abbreviated format 30-06-1995 1995-33003305 PDF
31-12-1993 abbreviated format 11-08-1994 1994-35600342 PDF
31-12-1992 abbreviated format 07-07-1993 1993-23701580 PDF
31-12-1991 abbreviated format 29-06-1992 1992-16701068 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
44,73852,38335,98627,6593,284-17,25513,50721,0104,6595,1333,14816,20517,49721,98027,59022,31423,43624,38531,38828,685
36,89741,97633,17324,001621-16,56612,19319,1864,6535,5468,54715,05519,61419,51925,26317,83819,28422,81823,26523,720
6,36772,30813,2012,79762429,80511,68621,1047762,53042,38126,2041,0265,16819,8393,03172116,4092,617-
9,730-13,418-5,5537,98616,648-4,771-5,855-7331,7963,029-16,59118,482-5,751-9,7399,9542,3801,764-8724,271-
26,7644,32416,6686,832673-6,51125,77129,05911,20614,75819,03013,17627,04971,05160,22642,54631,23917,8975,200-5,987
49.7%33.3%49.1%19.1%1.7%18.0%63.3%55.8%48.6%44.9%45.6%56.9%31.0%83.1%69.7%73.7%64.3%53.3%49.6%25.7%
1.751.091.531.181.020.803.283.341.651.732.011.461.377.874.113.982.841.851.220.82
1.470.891.220.920.710.502.412.551.081.281.160.901.156.303.293.082.251.430.900.61
1.012.001.044.2259.534.560.580.791.061.231.200.762.230.200.430.360.560.881.022.89
32.1%60.2%64.8%91.8%--200.9%10.3%34.5%-25.1%-20.2%-15.9%12.1%40.1%16.5%23.1%14.2%12.5%23.7%43.3%70.7%
15.9%20.0%31.9%17.6%-17.7%-36.1%6.5%19.3%-12.2%-9.1%-7.3%6.9%12.4%13.7%16.1%10.4%8.0%12.6%21.5%18.2%
13.8613.2228.217.101.08---------------

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.

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date11122
full-time11111
part-time---11
in full-time equivalents1111.61.5
0.81.31.41.51.5
On a permanent contract-1122
Joined265-0
Left266-1

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item20252024202320222021
Carrying value of the other pledged assets--€8,455€13,795€23,119

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€6,367€72,308€13,201€2,797€624
€16,723€16,251€9,171€12,049€12,084

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on GRADES

The operating result for 2025 is 22% lower than in 2024.

Debt's share of the balance-sheet total falls from 66.7% to 50.3%. Equity is higher and debt is lower.

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