GRAMAR
ActiveSummary
GRAMAR has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€10,120) and a net result of €2,104. Equity is shrinking by ~89.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 115 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 3 accounts on average 6 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 41% of the sector filed late.
Checked, nothing found (2)
History
Go further with this company
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 2025, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 50, Water transport, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 1,021 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 89% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a profit of 5% of the balance sheet or more
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,021 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.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | - | €367 | €187 | ▼ 49.1% |
| Gross operating margin9900 | €9,479 | -€19,790 | €2,566 | ▲ 113% |
| Operating profit (loss)9901 | €9,479 | -€20,157 | €2,379 | ▲ 112% |
| Financial charges65/66B | - | €150 | €276 | ▲ 83.8% |
| Recurring financial charges65 | - | €150 | €276 | ▲ 83.8% |
| Profit (loss) for the period before taxes9903 | €9,479 | -€20,307 | €2,104 | ▲ 110% |
| Income taxes67/77 | €1,896 | - | - | - |
| Profit (loss) for the period9904 | €7,584 | -€20,307 | €2,104 | ▲ 110% |
| Profit (loss) for the period to be appropriated9905 | €7,584 | -€20,307 | €2,104 | ▲ 110% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €26,688 | €11,266 | €636 | ▼ 94.4% |
| Current assets29/58 | €26,688 | €11,266 | €636 | ▼ 94.4% |
| Amounts receivable within one year40/41 | €24,500 | €11,170 | €42 | ▼ 99.6% |
| Trade receivables40 | €24,500 | €10,535 | - | - |
| Other amounts receivable41 | - | €635 | €42 | ▼ 93.4% |
| Cash at bank and in hand54/58 | €2,188 | €95 | €593 | ▲ 521% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €26,688 | €11,266 | €636 | ▼ 94.4% |
| Equity10/15 | €8,084 | -€12,224 | -€10,120 | ▲ 17.2% |
| Contributions10/11 | €500 | €500 | €500 | = |
| Profit (loss) carried forward14 | €7,584 | -€12,724 | -€10,620 | ▲ 16.5% |
| Amounts payable17/49 | €18,604 | €23,490 | €10,755 | ▼ 54.2% |
| Amounts payable within one year42/48 | €18,604 | €23,490 | €10,755 | ▼ 54.2% |
| Trade debts44 | €1,072 | €21,594 | €5,168 | ▼ 76.1% |
| Suppliers440/4 | €1,072 | €21,594 | €5,168 | ▼ 76.1% |
| Taxes, remuneration and social security45 | €1,896 | €1,896 | - | - |
| Taxes450/3 | €1,896 | €1,896 | - | - |
| Other amounts payable47/48 | €15,636 | - | €5,587 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,584 | -€20,307 | €2,104 | ▲ 110% |
| Operating cash flow (approximation) | €7,584 | -€20,307 | €2,104 | ▲ 110% |
| Change in cash | - | -€2,092 | €498 | ▲ 124% |
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
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403D0327/00E002 | Flanders | 117 m² | 1 · 116 m² | 11.4 m · 3 fl. |
Linked by address, not proof of ownership
Similar companies · same sector, comparable size
Identification & contact
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.