GRAINN
ActiveGRAINN has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €751k and a net result of €207k. Equity is growing by ~31.8% per year across the filed fiscal years. Its solvency ranks better than 55% of 8601 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89▲+1
Solvency83▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 2.52 against 2.09 in 2024; short-term debt: 33.9% and cash: 5.1% of total assets), and 42.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
57.9%
Return on assets
15.9%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 filingsDeviation from the deadline
2025
28 d late
2024
29 d late
2023
30 d late
2022
31 d late
2021
26 d late
2020
30 d late
2019
19 d late
← before the deadline
after the deadline →
neutral · 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.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€207k▲ 19.4%
2024 · €173k
2018: €-3k
2019: €27k
2020: €79k
2021: €2k
2022: €-206
2023: €175k
2024: €173k
2018 → 2025
Working capital
€671k▲ 41.7%
2024 · €473k
2018: €-3k
2019: €-57k
2020: €-23k
2021: €28k
2022: €310k
2023: €350k
2024: €473k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€213k-€213k▼ 0.1%€371k▲ 74.2%€544k▲ 46.7%€751k▲ 38.0%
Operating result€14k-€8k▼ 39.6%€234k▲ 2,694%€224k▼ 4.2%€275k▲ 22.9%
Net result€2k-€-206€175k€173k▼ 0.7%€207k▲ 19.4%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 23% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.30M
Fixed assets
€187k▼ 2.4%
Current assets
€1.11M▲ 22.4%
Equity and liabilities €1.30M
Equity
€751k▲ 38.0%
Debt
€547k▼ 1.5%
The debt ratio falls from 50.5% to 42.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€290k▲
2024 · €238k
Cash flow
€222k▲
2024 · €188k
Solvency
57.9%▲
2024 · 49.5%
Current ratio
2.52▲
2024 · 2.09
Quick ratio
2.52▲
2024 · 2.09
Debt / equity
0.73▼
2024 · 1.02
ROE
27.5%▼
2024 · 31.9%
ROA
15.9%▲
2024 · 15.8%
Interest coverage
30.35▲
2024 · 28.64
Debt
€547k▼
2024 · €555k
Debt ≤ 1 year
€440k▲
2024 · €434k
Debt > 1 year
€101k▼
2024 · €111k
Income taxes
€94k▲
2024 · €82k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.10M€1.30M▲
Fixed assets21/28€192k€187k▼
Tangible fixed assets22/27€72k€67k▼
Land and buildings22€71k€58k▼
Plant, machinery and equipment23-€2k
Furniture and vehicles24€996€7k▲
Financial fixed assets28€120k€120k=
Current assets29/58€908k€1.11M▲
Amounts receivable after more than one year29€585k€170k▼
Other amounts receivable291€585k€170k▼
Amounts receivable within one year40/41€273k€874k▲
Trade receivables40€7k€25k▲
Other amounts receivable41€267k€849k▲
Cash at bank and in hand54/58€49k€66k▲
Deferred charges and accrued income490/1€1k€622▼
Equity and liabilities
Total equity and liabilities10/49€1.10M€1.30M▲
Equity10/15€544k€751k▲
Contributions10/11€6k€6k=
Reserves13€48k€254k▲
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Tax-exempt reserves132€19k€19k=
Distributable reserves133€27k€236k▲
Profit (loss) carried forward14€490k€490k=
Amounts payable17/49€555k€547k▼
Amounts payable after more than one year17€111k€101k▼
Financial debts170/4€111k€101k▼
Amounts payable within one year42/48€434k€440k▲
Current portion of amounts payable after more than one year42€73k€103k▲
Trade debts44€234k€269k▲
Suppliers440/4€234k€269k▲
Taxes, remuneration and social security45€127k€68k▼
Taxes450/3€127k€68k▼
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€10k€6k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€15k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€239k€291k▲
Operating profit (loss)9901€224k€275k▲
Financial income75/76B€40k€35k▼
Recurring financial income75€23k€35k▲
Non-recurring financial income76B€17k€0▼
Financial charges65/66B€8k€10k▲
Recurring financial charges65€8k€10k▲
Profit (loss) for the period before taxes9903€256k€301k▲
Income taxes67/77€82k€94k▲
Profit (loss) for the period9904€173k€207k▲
Profit (loss) for the period to be appropriated9905€173k€207k▲
Appropriation of the result
Profit (loss) to be appropriated9906€490k€697k▲
Profit (loss) brought forward from the previous period14P€317k€490k▲
Transfer from equity791/2€0-
Transfer to equity691/2-€207k
To other reserves6921-€207k
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Highest result since 2018net €207k ▲19.4%
Operating result €275k, net result €207k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Equity above €500kEq €544k ▲46.7%
2 profitable years in a row build equity to €544k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €175k
Net result €175k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 26 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Equity above €200kEq €211k ▲60.5%
2 profitable years in a row build equity to €211k.
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 19 days late
2019
31-12
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 6 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Chaudfontaine · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Avenue Louis Piedboeuf 54053 ChaudfontaineGround area
1,961 m²
Building footprint
324 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
Avenue des Peupliers 5, 4053 Chaudfontaine
since 20132.220.472.926
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62030C0245/00H002 | Wallonia | 1,123 m² | 1 · 187 m² | - |
| 62030C0169/00D002 | Wallonia | 837 m² | 1 · 137 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,524 companies in sector 70200 we hold annual accounts for 52,566. 30,872 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-06-2013
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.