GRAL
ActiveSummary
GRAL has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €46,758. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 88% of 826 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-1
Solvency100▲+2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100,000 at 30 days acceptable
Liquidity tight (current ratio 1.06 against 1.08 in 2024; short-term debt: 18.4% and cash: 0% of total assets), and 24.8% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
75.2%
Return on assets
2.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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
18 d late
2024
29 d late
2023
57 d late
2022
38 d early
2021
26 d early
2020
45 d early
2019
119 d late
← 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 16 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 18 August (4 of the last 5 filed years within 44 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#1 company by total assets in Grâce-Hollogne, Accommodation and food service sector#5 oldest company in Grâce-Hollogne, Accommodation and food service sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€46,758▼ 17.7%
2024 · €56,826
Working capital
€19,916▼ 21.5%
2024 · €25,364
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€37,458▲ 230%€12,016▼ 67.9%€72,220▲ 501%€86,518▲ 19.8%€70,836▼ 18.1%
Net result€30,381within the sector's middle half▲ 219%€10,293within the sector's middle half▼ 66.1%€47,685above the sector's middle half▲ 363%€56,826within the sector's middle half▲ 19.2%€46,758▼ 17.7%
Equity€1.2mabove the sector's middle half▲ 2.5%€1.2mabove the sector's middle half▲ 0.8%€1.3mabove the sector's middle half▲ 3.8%€1.4mabove the sector's middle half▲ 4.4%€1.4m▲ 3.5%
Total assets€1.5mabove the sector's middle half=€1.5mabove the sector's middle half▼ 0.2%€1.9mabove the sector's middle half▲ 23.4%€1.9mabove the sector's middle half▲ 0.1%€1.9m▲ 0.2%
Debt€267,902▼ 10.2%€255,212▼ 4.7%€559,105▲ 119%€504,004▼ 9.9%€460,896▼ 8.6%
Working capital-€105,211below the sector's middle half▼ 2.2%-€245,626below the sector's middle half▼ 133%€16,538within the sector's middle half€25,364within the sector's middle half▲ 53.4%€19,916▼ 21.5%
Solvency82.2%above the sector's middle half▲ 2.0pp83.0%above the sector's middle half▲ 0.8pp69.9%above the sector's middle half▼ 13.2pp72.9%above the sector's middle half▲ 3.0pp75.2%▲ 2.4pp
Current ratio0.05below the sector's middle half▼ 0.010.03below the sector's middle half▼ 0.031.05within the sector's middle half▲ 1.021.08within the sector's middle half▲ 0.031.06▼ 0.02
Return on assets (ROA)2.0%within the sector's middle half▲ 1.4pp0.7%within the sector's middle half▼ 1.3pp2.6%within the sector's middle half▲ 1.9pp3.1%within the sector's middle half▲ 0.5pp2.5%▼ 0.5pp
Staff (FTE)2.4below the sector's middle half=1.9below the sector's middle half▼ 20.8%2below the sector's middle half▲ 5.3%2.1below the sector's middle half▲ 5.0%2.5▲ 19.0%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets
€1.5m ▲ 0.3%
Current assets
€362,713 ▼ 0.2%
Equity and liabilities €1.9m
Equity
€1.4m ▲ 3.5%
Debt
€460,896 ▼ 8.6%
Debt's share of the balance-sheet total falls from 27.1% to 24.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€70,931▼
2024 · €86,518
Cash flow
€46,853▼
2024 · €56,826
Debt to equity
0.33▼
2024 · 0.37
ROE
3.3%▼
2024 · 4.2%
Interest coverage
757.08▼
2024 · 1234.39
Debt ≤ 1 year
€342,796▲
2024 · €337,904
Debt > 1 year
€118,100▼
2024 · €166,100
Income taxes
€23,985▼
2024 · €29,626
Staff costs
€114,638▲
2024 · €113,756
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €101,124 | €107,522 | €118,594 | €113,756 | €114,638 | ▲ 0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,810 | €3,480 | €2,960 | €0 | €94 | - |
| Other operating charges640/8 | €1,717 | €1,726 | €2,227 | €2,117 | €1,976 | ▼ 6.7% |
| Gross operating margin9900 | €145,109 | €124,744 | €196,000 | €202,392 | €187,544 | ▼ 7.3% |
| Operating profit (loss)9901 | €37,458 | €12,016 | €72,220 | €86,518 | €70,836 | ▼ 18.1% |
| Financial income75/76B | - | €462 | €0 | €3 | €1 | ▼ 73.7% |
| Recurring financial income75 | - | €462 | €0 | €3 | €1 | ▼ 73.7% |
| Financial charges65/66B | €1,162 | €568 | €128 | €70 | €94 | ▲ 33.7% |
| Recurring financial charges65 | €1,162 | €568 | €128 | €70 | €94 | ▲ 33.7% |
| Profit (loss) for the period before taxes9903 | €36,296 | €11,910 | €72,092 | €86,452 | €70,744 | ▼ 18.2% |
| Income taxes67/77 | €5,915 | €1,617 | €24,406 | €29,626 | €23,985 | ▼ 19.0% |
| Profit (loss) for the period9904 | €30,381 | €10,293 | €47,685 | €56,826 | €46,758 | ▼ 17.7% |
| Profit (loss) for the period to be appropriated9905 | €30,381 | €10,293 | €47,685 | €56,826 | €46,758 | ▼ 17.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.5m | €1.9m | €1.9m | €1.9m | ▲ 0.2% |
| Fixed assets21/28 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | ▲ 0.3% |
| Tangible fixed assets22/27 | €6,440 | €2,960 | €0 | - | €4,206 | - |
| Plant, machinery and equipment23 | - | - | €0 | - | €4,206 | - |
| Furniture and vehicles24 | €6,440 | €2,960 | - | - | - | - |
| Financial fixed assets28 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Current assets29/58 | €5,921 | €7,004 | €361,543 | €363,267 | €362,713 | ▼ 0.2% |
| Amounts receivable within one year40/41 | €1,726 | €2,334 | €51,215 | €52,784 | €52,420 | ▼ 0.7% |
| Trade receivables40 | - | - | €48,102 | €48,000 | €48,278 | ▲ 0.6% |
| Other amounts receivable41 | €1,726 | €2,334 | €3,113 | €4,784 | €4,143 | ▼ 13.4% |
| Current investments50/53 | - | - | €310,100 | €310,100 | €310,100 | = |
| Cash at bank and in hand54/58 | €4,195 | €4,670 | €228 | €383 | €192 | ▼ 49.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.5m | €1.9m | €1.9m | €1.9m | ▲ 0.2% |
| Equity10/15 | €1.2m | €1.2m | €1.3m | €1.4m | €1.4m | ▲ 3.5% |
| Contributions10/11 | €434,000 | €434,000 | €434,000 | €434,000 | €434,000 | = |
| Capital10 | €434,000 | €434,000 | €434,000 | €434,000 | €434,000 | = |
| Issued capital100 | €434,000 | €434,000 | €434,000 | €434,000 | €434,000 | = |
| Reserves13 | - | - | €401,185 | €458,011 | €504,769 | ▲ 10.2% |
| Non-distributable reserves130/1 | - | - | €353,500 | €353,500 | €353,500 | = |
| Legal reserve130 | - | - | €43,400 | €43,400 | €43,400 | = |
| Own shares acquired1312 | - | - | €310,100 | €310,100 | €310,100 | = |
| Distributable reserves133 | - | - | €47,685 | €104,511 | €151,269 | ▲ 44.7% |
| Profit (loss) carried forward14 | €803,725 | €814,018 | €460,518 | €460,518 | €460,518 | = |
| Amounts payable17/49 | €267,902 | €255,212 | €559,105 | €504,004 | €460,896 | ▼ 8.6% |
| Amounts payable after more than one year17 | €9,341 | - | €214,100 | €166,100 | €118,100 | ▼ 28.9% |
| Financial debts170/4 | €9,341 | - | - | - | - | - |
| Other amounts payable178/9 | - | - | €214,100 | €166,100 | €118,100 | ▼ 28.9% |
| Amounts payable within one year42/48 | €111,132 | €252,630 | €345,005 | €337,904 | €342,796 | ▲ 1.4% |
| Current portion of amounts payable after more than one year42 | €37,052 | €9,341 | €48,000 | €48,000 | €48,000 | = |
| Trade debts44 | €52,676 | €78,724 | €106,133 | €75,180 | €75,237 | ▲ 0.1% |
| Suppliers440/4 | €52,676 | €78,724 | €106,133 | €75,180 | €75,237 | ▲ 0.1% |
| Taxes, remuneration and social security45 | €21,404 | €16,354 | €43,362 | €67,270 | €70,570 | ▲ 4.9% |
| Taxes450/3 | €8,542 | €3,550 | €24,961 | €55,721 | €54,063 | ▼ 3.0% |
| Remuneration and social security454/9 | €12,862 | €12,804 | €18,400 | €11,550 | €16,506 | ▲ 42.9% |
| Other amounts payable47/48 | - | €148,211 | €147,510 | €147,454 | €148,990 | ▲ 1.0% |
| Accrued charges and deferred income492/3 | €147,429 | €2,582 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,381 | €10,293 | €47,685 | €56,826 | €46,758 | ▼ 17.7% |
| + Depreciation and write-downs630 | €4,810 | €3,480 | €2,960 | €0 | €94 | - |
| Operating cash flow (approximation) | €35,191 | €13,773 | €50,645 | €56,826 | €46,853 | ▼ 17.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€4,300 | - |
| Change in cash | - | €475 | -€4,442 | €155 | -€191 | ▼ 223% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 18 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €56,826 ▲19.2%
Operating result €86,518, net result €56,826, both a record.
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 57 days late
2023
31-12
Financial
Liquidity times 38current ratio 1.05
Current ratio from 0.03 to 1.05.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 119 days late
2019
31-12
Financial
Weakest financial yearnet €4,856 ▼90.5%
Net result drops to €4,856, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 26 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 17 days late
2017
26-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Grâce-Hollogne · 1 establishment unit since 2013
Ground area
6,729 m²
Building footprint
1,406 m²
Volume, LiDAR
5,771 m³
Parcel 62454A0975/00L002, Wallonia · tallest building 7.6 m, ±1 floor. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Rue de la Station 15, 4460 Grâce-Hollogne
since 20132.218.038.919
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62454A0975/00L002 | Wallonia | 6,729 m² | 1 · 1,406 m² | 7.6 m · 1 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2025 annual accounts of GRAL and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGrâce-Hollogne2.218.038.919
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Of 7,501 companies in sector 56210 we hold annual accounts for 2,452. 700 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded12-01-2004
Fiscal year end31-12
Activities, NACEBEL 2025
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0862619713
Also
9925:BE0862619713
Registered
29-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.