GRAHAM

Active

Public limited companyfounded 198837 yrs activeParc Industriel(W-B) 21, 1440 Braine-le-Château, BelgiumKBO/BCE: BE 0435.574.639

Summary

GRAHAM has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.1m and a net result of €363,645. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 95% of 5451 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch Report Compare

GRAHAMActiveChecked score 94/100

Risk analysis Report Compare

What they do

Wholesale of other machinery and equipment

NACE 46649NACE 46699NACE 51880

#2 company by total assets in Braine-le-Château, Wholesale and retail trade sector1 site

How big

€9.1mtotal assets 2025

Equity: €9.1m
Profit: €363,645

Financially healthy?

94 Excellent Checked score 2025

Bankruptcy chance 12 m: 0.1%

Who decides

Parent: ARGAYON · 100%

Accounts filed 31 d late0 of 9 deeds read

Why 94- Liquidity: current ratio 433.69, cash €73,823, halved- Latest accounts 31 days late; 3 of the last 3 late+ Founded in 1988+ Size: total assets €9.1mShow the evidence

Checked score

Score 2025

94 / 100

Excellent

Probability in this band: under 0.55%

Better than 56% of its sector peers (NACE 46, small)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2024

Average

Solvency 100=

equity 99.8% of total assets

Liquidity 51-4

short-term debt 0.2% · cash 0.8%

Profitability 24=

return on assets 4.0%

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,367 companies)

Liquidity: current ratio 433.69, cash €73,823, halved raises the probability
Latest accounts 31 days late; 3 of the last 3 late raises the probability
Founded in 1988 lowers the probability for this profile
Size: total assets €9.1m lowers the probability for this profile

Credit up to €850,000 at 30 days acceptable

short-term debt: 0.2% and cash: 0.8% of total assets, and 0.2% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, small). Better than this share of them on solvency 92%, liquidity 65%, profitability 14%, growth against the median 51%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

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Signals

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

−lowers risk+raises risk○neutral

Liquidity: current ratio 433.69, cash €73,823, halved

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Latest accounts 31 days late; 3 of the last 3 late

In the bankruptcy model this factor raises the probability.

NBB · filings

Founded in 1988

In the bankruptcy model this factor lowers the probability for this profile.

KBO

Size: total assets €9.1m

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filings

Deviation from the deadline

2025

31 d late

2024

56 d late

2023

75 d late

2022

85 d late

2021

421 d late

2020

786 d late

2019

24 d early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 204 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 15 October (4 of the last 5 filed years within 45 days of that day).

Companies Code · seven months

Position in the running window

02-10-2026 today31-12-2026 close31-07-2027 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

31-08-26 Annual accounts filedfiscal year 2025 · full…
25-09-25 Annual accounts filedfiscal year 2024 · full…
31-12-24 Highest result since 2018net €383,289 ▲66.1%

Key points

Positive: Among the best 5% on solvencysector median 45.7% · 5,451 companies 99.8% View
Controlled by ARGAYON 100% View
Active since 1988founded 11-10-1988 37 years View