GRAM & CO
ActiveSummary
GRAM & CO has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.2m and a net result of -€23,735. Equity is growing by ~14.6% per year across the filed fiscal years. Its solvency ranks better than 72% of 36381 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability18▼-70
Solvency91▼-2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120,000 at 30 days only on tighter terms
Liquidity ample (current ratio 11.56 against 11.7 in 2023; short-term debt: 5.2% and cash: 5.3% of total assets), and 34% 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
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
66%
Return on assets
-0.7%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-10-2025, 91 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
91 d late
2023
61 d late
2022
31 d late
2021
70 d late
2020
30 d late
2019
97 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 63 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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 trust this company with building work?Contractor check 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
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 2024, micro schema
In the rankings
#2 company by equity in Theux, Construction sector#4 company by total assets in Theux, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€23,735
2023 · €502,951
Working capital
€1.8m▼ 13.5%
2023 · €2.1m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20202021202220232024
Operating result€69,757▼ 55.0%€803,792▲ 1,052%€89,049▼ 88.9%€653,592▲ 634%-€85,721
Net result€67,055within the sector's middle half▼ 49.9%€622,105above the sector's middle half▲ 828%€82,615within the sector's middle half▼ 86.7%€502,951above the sector's middle half▲ 509%-€23,735below the sector's middle half
Equity€992,833above the sector's middle half▲ 7.1%€1.6mabove the sector's middle half▲ 62.5%€1.7mabove the sector's middle half▲ 5.0%€2.2mabove the sector's middle half▲ 28.9%€2.2mabove the sector's middle half▼ 1.1%
Total assets€1.1mwithin the sector's middle half▼ 3.7%€2.5mabove the sector's middle half▲ 139%€2.7mabove the sector's middle half▲ 6.8%€3.2mabove the sector's middle half▲ 18.7%€3.3mabove the sector's middle half▲ 2.3%
Debt€58,431▼ 64.5%€730,338▲ 1,150%€835,704▲ 14.4%€718,477▼ 14.0%€835,482▲ 16.3%
Working capital€797,135above the sector's middle half▲ 13.5%€1.5mabove the sector's middle half▲ 84.7%€1.6mabove the sector's middle half▲ 5.8%€2.1mabove the sector's middle half▲ 33.7%€1.8mabove the sector's middle half▼ 13.5%
Solvency94.0%above the sector's middle half▲ 9.4pp63.9%above the sector's middle half▼ 30.1pp62.8%above the sector's middle half▼ 1.1pp68.2%above the sector's middle half▲ 5.4pp66.0%within the sector's middle half▼ 2.3pp
Current ratio14.87above the sector's middle half▲ 9.149.88above the sector's middle half▼ 4.988.14above the sector's middle half▼ 1.7511.70above the sector's middle half▲ 3.5611.56above the sector's middle half▼ 0.14
Return on assets (ROA)6.3%within the sector's middle half▼ 5.8pp24.6%above the sector's middle half▲ 18.3pp3.1%within the sector's middle half▼ 21.6pp15.7%above the sector's middle half▲ 12.6pp-0.7%below the sector's middle half▼ 16.4pp
Staff (FTE)5.6within the sector's middle half▲ 9.8%7.2within the sector's middle half▲ 28.6%6.5within the sector's middle half▼ 9.7%1.8below the sector's middle half▼ 72.3%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €85,721 after €653,592 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.3m
Fixed assets
€1.3m ▲ 40.9%
Current assets
€2.0m ▼ 13.4%
Equity and liabilities €3.3m
Equity
€2.2m ▼ 1.1%
Provisions
€279,498 ▼ 6.5%
Debt
€835,482 ▲ 16.3%
Debt's share of the balance-sheet total rises from 22.4% to 25.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€388▼
2023 · €713,761
Cash flow
€61,598▼
2023 · €563,120
Debt to equity
0.39▲
2023 · 0.33
ROE
-1.1%▼
2023 · 23.0%
Interest coverage
-0.02▼
2023 · 63.80
Debt ≤ 1 year
€170,702▼
2023 · €194,698
Debt > 1 year
€660,380▲
2023 · €521,779
Income taxes
-€2,115▼
2023 · €24,016
Staff costs
-€13,558▼
2023 · €83,903
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,611 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.1%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.3% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 8,611 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €846,500 | - | €716,654 | - | - |
| Remuneration, social security and pensions62 | - | €265,391 | €305,292 | €83,903 | -€13,558 | ▼ 116% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €59,239 | €52,219 | €94,082 | €60,169 | €85,333 | ▲ 41.8% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | -€5,000 | - |
| Other operating charges640/8 | - | €82,567 | €21,063 | €10,398 | €60,597 | ▲ 483% |
| Non-recurring operating charges66A | - | €105,188 | - | - | - | - |
| Gross operating margin9900 | €354,889 | €1.3m | €509,486 | €808,062 | €41,651 | ▼ 94.8% |
| Operating profit (loss)9901 | €69,757 | €803,792 | €89,049 | €653,592 | -€85,721 | ▼ 113% |
| Financial income75/76B | - | €14,393 | €24,181 | €12,361 | €62,822 | ▲ 408% |
| Recurring financial income75 | €15,363 | €14,393 | €24,181 | €12,361 | €62,822 | ▲ 408% |
| Financial charges65/66B | - | €4,737 | €9,830 | €11,188 | €17,401 | ▲ 55.5% |
| Recurring financial charges65 | €1,565 | €4,737 | €9,830 | €11,188 | €17,401 | ▲ 55.5% |
| Profit (loss) for the period before taxes9903 | €83,555 | €813,449 | €103,401 | €654,765 | -€40,300 | ▼ 106% |
| Transfer from deferred taxes780 | - | €4,336 | €14,743 | €5,969 | €14,450 | ▲ 142% |
| Transfer to deferred taxes680 | - | €181,250 | - | €133,766 | - | - |
| Income taxes67/77 | €16,500 | €14,430 | €35,529 | €24,016 | -€2,115 | ▼ 109% |
| Profit (loss) for the period9904 | €67,055 | €622,105 | €82,615 | €502,951 | -€23,735 | ▼ 105% |
| Transfer from tax-exempt reserves789 | - | €13,008 | €44,229 | €1,990 | €43,350 | ▲ 2,079% |
| Transfer to tax-exempt reserves689 | - | €543,750 | - | €401,299 | - | - |
| Profit (loss) for the period to be appropriated9905 | €67,055 | €91,362 | €126,844 | €103,641 | €19,616 | ▼ 81.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €2.5m | €2.7m | €3.2m | €3.3m | ▲ 2.3% |
| Fixed assets21/28 | €201,643 | €887,547 | €920,397 | €924,456 | €1.3m | ▲ 40.9% |
| Tangible fixed assets22/27 | €192,722 | €879,926 | €914,476 | €918,535 | €1.3m | ▲ 41.2% |
| Land and buildings22 | - | €765,966 | €806,378 | €901,165 | €833,671 | ▼ 7.5% |
| Plant, machinery and equipment23 | - | €35,609 | €29,099 | - | - | - |
| Furniture and vehicles24 | - | €78,350 | €79,000 | €17,371 | €30,244 | ▲ 74.1% |
| Other tangible fixed assets26 | - | - | - | - | €432,984 | - |
| Financial fixed assets28 | €8,921 | €7,621 | €5,921 | €5,921 | €5,721 | ▼ 3.4% |
| Current assets29/58 | €854,621 | €1.6m | €1.8m | €2.3m | €2.0m | ▼ 13.4% |
| Stocks and contracts in progress3 | €24,032 | €37,922 | €56,564 | - | - | - |
| Stocks30/36 | - | €37,922 | €56,564 | - | - | - |
| Amounts receivable within one year40/41 | €243,190 | €509,196 | €529,003 | €675,039 | €636,081 | ▼ 5.8% |
| Trade receivables40 | - | €39,576 | €21,804 | €2,901 | €13,879 | ▲ 378% |
| Other amounts receivable41 | - | €469,619 | €507,199 | €672,139 | €622,203 | ▼ 7.4% |
| Current investments50/53 | €172,168 | €358,857 | €532,655 | €532,671 | €1.2m | ▲ 118% |
| Cash at bank and in hand54/58 | €390,155 | €238,686 | €632,664 | €1.1m | €173,326 | ▼ 83.8% |
| Deferred charges and accrued income490/1 | - | €493,496 | €25,311 | - | €970 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €2.5m | €2.7m | €3.2m | €3.3m | ▲ 2.3% |
| Equity10/15 | €992,833 | €1.6m | €1.7m | €2.2m | €2.2m | ▼ 1.1% |
| Contributions10/11 | - | €51,600 | €51,600 | €51,600 | €51,600 | = |
| Reserves13 | €920,350 | €1.5m | €1.6m | €2.0m | €2.0m | ▼ 2.1% |
| Tax-exempt reserves132 | - | €701,092 | €656,864 | €1.1m | €1.0m | ▼ 4.1% |
| Distributable reserves133 | - | €825,000 | €975,000 | €975,000 | €975,000 | = |
| Profit (loss) carried forward14 | €8,404 | €24,767 | €1,611 | €105,252 | €124,868 | ▲ 18.6% |
| Investment grants15 | - | €10,993 | €8,646 | - | - | - |
| Provisions and deferred taxes16 | €5,000 | €181,914 | €167,171 | €298,948 | €279,498 | ▼ 6.5% |
| Provisions for liabilities and charges160/5 | - | €5,000 | €5,000 | €5,000 | - | - |
| Other liabilities and charges164/5 | - | €5,000 | €5,000 | €5,000 | - | - |
| Deferred taxes168 | - | €176,914 | €162,171 | €293,948 | €279,498 | ▼ 4.9% |
| Amounts payable17/49 | €58,431 | €730,338 | €835,704 | €718,477 | €835,482 | ▲ 16.3% |
| Amounts payable after more than one year17 | - | €563,551 | €616,045 | €521,779 | €660,380 | ▲ 26.6% |
| Financial debts170/4 | - | €563,551 | €616,045 | €521,779 | €660,380 | ▲ 26.6% |
| Amounts payable within one year42/48 | €57,486 | €165,766 | €218,309 | €194,698 | €170,702 | ▼ 12.3% |
| Current portion of amounts payable after more than one year42 | - | €74,081 | €94,174 | €94,267 | €107,223 | ▲ 13.7% |
| Trade debts44 | €16,280 | €41,240 | €65,191 | €27,823 | - | - |
| Suppliers440/4 | - | €41,240 | €65,191 | €27,823 | - | - |
| Taxes, remuneration and social security45 | - | €23,820 | €38,137 | €15,000 | €10,796 | ▼ 28.0% |
| Taxes450/3 | - | €15,283 | €20,000 | €15,000 | €10,796 | ▼ 28.0% |
| Remuneration and social security454/9 | - | €8,537 | €18,137 | - | - | - |
| Other amounts payable47/48 | - | €26,625 | €20,808 | €57,608 | €52,683 | ▼ 8.6% |
| Accrued charges and deferred income492/3 | - | €1,020 | €1,350 | €2,000 | €4,400 | ▲ 120% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €67,055 | €622,105 | €82,615 | €502,951 | -€23,735 | ▼ 105% |
| + Depreciation and write-downs630 | €59,239 | €52,219 | €94,082 | €60,169 | €85,333 | ▲ 41.8% |
| Operating cash flow (approximation) | €126,294 | €674,324 | €176,698 | €563,120 | €61,598 | ▼ 89.1% |
| Investment in fixed assets (approximation) | - | -€738,123 | -€126,933 | -€64,228 | -€463,497 | ▼ 622% |
| Change in cash | - | -€151,469 | €393,978 | €436,641 | -€895,978 | ▼ 305% |
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
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 91 days late
2024
31-12
Financial
Weakest financial yearnet -€23,735
Net result drops to -€23,735, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
31-12
Financial
Equity above €2mEq €2.2m ▲28.9%
6 profitable years in a row build equity to €2.2m.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
09-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 70 days late
2021
31-12
Financial
Highest result since 2018net €622,105 ▲828%
Operating result €803,792, net result €622,105, both a record.
31-12
Financial
Equity above €1mEq €1.6m ▲62.5%
4 profitable years in a row build equity to €1.6m.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 14.87
Current ratio from 5.72 to 14.87; short-term debt falls from €148,798 to €57,486.
05-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 97 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 31 days late
Show earlier events
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has 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
7 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, Theux · 2 establishment units since 2004
Ground area
7,938 m²
Building footprint
3,291 m²
Volume, LiDAR
16,529 m³
3 parcels, Wallonia · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
ABOUT DE BOIS
since 20042.139.310.353
ABOUT DE BOIS
since 20212.327.441.061
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63043B0460/00P000 | Wallonia | 4,174 m² | 1 · 834 m² | 6.6 m · 2 fl. |
| 63076D1063/00B000 | Wallonia | 2,923 m² | 1 · 164 m² | - |
| 63058A0252/00M004 | Wallonia | 841 m² | 1 · 2,292 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
SCHRIJNWERKERIJ BORRA
BE 0466.586.727
Houthulst · Eq €2,157,753
TORCK
BE 0460.447.419
Deinze · Eq €2,150,004
KOPPEN.BE
BE 0875.742.625
Schoten · Eq €2,172,523
EB PROJECTS
BE 0418.702.478
Herentals · Eq €2,138,176
Meutabel 2000
BE 0420.478.469
Dentergem · Eq €2,189,725
Of 20,025 companies in sector 43320 we hold annual accounts for 9,138. 2,679 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-09-2004
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43410Roofing work
47521Retail sale of hardware, building materials, paint and glass (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0867296301
Also
9925:BE0867296301
Registered
05-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.