GRAMINEA
ActiveGRAMINEA has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-525k) and a net result of €-172k. Equity is shrinking by ~21% per year across the filed fiscal years. Its solvency ranks better than 10% of 9716 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability33▼-4
Solvency20▼-1
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.16 against 1.03 in 2023; short-term debt: 46.3% and cash: 0.2% of total assets), but equity is negative.
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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
-5%
Return on assets
-1.6%
Age of the figures
21 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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-525k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
23 d early
2022
21 d early
2021
24 d early
2020
18 d early
2019
18 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€-525k▼ 48.6%
2023 · €-354k
2018: €-31k
2019: €-80k
2020: €-277k
2021: €-326k
2022: €-338k
2023: €-354k
2018 → 2024
Total assets
€10.43M▲ 5.6%
2023 · €9.88M
2018: €8.51M
2019: €8.74M
2020: €8.92M
2021: €9.16M
2022: €9.39M
2023: €9.88M
2018 → 2024
Net result
€-172k▼ 1,038%
2023 · €-15k
2018: €-50k
2019: €-48k
2020: €-197k
2021: €-49k
2022: €-13k
2023: €-15k
2018 → 2024
Working capital
€5.60M▲ 1,614%
2023 · €327k
2018: €8.39M
2019: €1.12M
2020: €1.16M
2021: €1.44M
2022: €1.58M
2023: €327k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-277k-€-326k▼ 17.5%€-338k▼ 3.9%€-354k▼ 4.5%€-525k▼ 48.6%
Operating result€-195k-€-60k▲ 69.5%€-13k▲ 78.3%€-2k▲ 85.8%€-146k▼ 7,807%
Net result€-197k-€-49k▲ 75.4%€-13k▲ 74.0%€-15k▼ 19.5%€-172k▼ 1,038%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €146k in 2024 against €2k in 2023; the loss grows.
Key figures and ratios
Solvency
-5.0%▼
2023 · -3.6%
Current ratio
2.16▲
2023 · 1.03
Quick ratio
0.00▲
2023 · 0.00
Debt / equity
-20.86▲
2023 · -28.96
ROA
-1.6%▼
2023 · -0.2%
Debt
€10.96M▲
2023 · €10.24M
Debt ≤ 1 year
€4.83M▼
2023 · €9.56M
Debt > 1 year
€6.00M▲
2023 · €622k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€9.88M€10.43M▲
Current assets29/58€9.88M€10.43M▲
Stocks and contracts in progress3€9.88M€10.41M▲
Stocks30/36€9.88M€10.41M▲
Cash at bank and in hand54/58€259€22k▲
Equity and liabilities
Total equity and liabilities10/49€9.88M€10.43M▲
Equity10/15€-354k€-525k▼
Contributions10/11€250k€250k=
Capital10€250k€250k=
Issued capital100€250k€250k=
Profit (loss) carried forward14€-604k€-775k▼
Amounts payable17/49€10.24M€10.96M▲
Amounts payable after more than one year17€622k€6.00M▲
Financial debts170/4-€6.00M
Other amounts payable178/9€622k-
Amounts payable within one year42/48€9.56M€4.83M▼
Current portion of amounts payable after more than one year42€2.04M-
Financial debts43€7.50M-
Credit institutions430/8€7.50M-
Trade debts44€17k€10k▼
Suppliers440/4€17k€10k▼
Other amounts payable47/48-€4.83M
Accrued charges and deferred income492/3€58k€124k▲
Income statement
Code20232024
Non-recurring operating income76A€6k-
Other operating charges640/8€26k€86k▲
Gross operating margin9900€24k€-60k▼
Operating profit (loss)9901€-2k€-146k▼
Financial income75/76B-€5k
Recurring financial income75-€5k
Financial charges65/66B€13k€32k▲
Recurring financial charges65€13k€32k▲
Profit (loss) for the period before taxes9903€-15k€-172k▼
Profit (loss) for the period9904€-15k€-172k▼
Profit (loss) for the period to be appropriated9905€-15k€-172k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-604k€-775k▼
Profit (loss) brought forward from the previous period14P€-588k€-604k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity doublescurrent ratio 2.16
Current ratio from 1.03 to 2.16; short-term debt falls from €9.56M to €4.83M.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-197k
Net result drops to €-197k, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Oostende · 1 establishment unit since 2012
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.
Leopold III-laan 18400 OostendeGround area
1.7 ha
Building footprint
2,735 m²
Parcel 35013A4616/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
Graminea
since 20122.209.611.005
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35013A4616/00A000 | Flanders | 1.7 ha | 1 · 2,735 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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CABO
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,382. 2,461 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-05-2012
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
68310Real estate agency activities
68311Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.