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GRAMYBEL

Active
Public limited companyfounded 2002active for 23 yearsEurozonelaan 1, 7700 Mouscron, BelgiumKBO/BCE: BE 0479.142.089
Summary

The computed 12-month bankruptcy probability of GRAMYBEL is 2.4% (moderate). The 2024 annual accounts show equity of €9.4m and a net result of €1.2m. Equity remains stable across the filed financial years (±1.6% per year). Its solvency ranks better than 16% of 872 sector peers (NACE 10, financial year 2024). The company has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Manufacture of food products
NACE 10311
#3 company by total assets in Mouscron, Manufacturing sector2 sites
Size
€59.0mturnover 2024
Staff
62.8 FTE
Equity
€9.4m
Profit
€1.2m
Financial health
51 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
2.4%
Structure
Parent
MYDIBEL · 99.84%
Board
5 members
Holdings
1
Auditor: KPMG Réviseurs d'EntreprisesAccounts 71 days overdue
Why 51raises riskLiquidity: current ratio 0.68, cash €3.0mFigures for financial year 2024 (filed 02-07-2025)Equity €9.4m (11.1% of total assets)lowers riskFounded in 2002Show the evidence

Checked score

Score 2024
51 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 26% of its sector peers (NACE 10, medium-sized)
Financial strength · tick = 2023
Weak
Solvency 36-8
equity 11.1% of total assets
Liquidity 13+2
short-term debt 75.7% · cash 3.5%
Profitability 66-4
return on assets 1.5%
Bankruptcy probability, 12 months
2.4% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (225 companies, NACE 10, medium-sized)
Last 24 months 11-2024: 3.0% 12-2024: 3.1%▲ +0.1 percentage points vs 11-2024 01-2025: 4.3%▲ +1.2 percentage points vs 12-2024highest value 02-2025: 4.3%● unchanged vs 01-2025highest value 03-2025: 1.6%▼ -2.7 percentage points vs 02-2025 04-2025: 1.6%● unchanged vs 03-2025 05-2025: 1.6%● unchanged vs 04-2025 06-2025: 1.7%▲ +0.1 percentage points vs 05-2025 07-2025: 1.8%▲ +0.1 percentage points vs 06-2025 08-2025: 1.2%▼ -0.6 percentage points vs 07-2025 09-2025: 1.2%● unchanged vs 08-2025 10-2025: 1.2%● unchanged vs 09-2025 11-2025: 1.2%● unchanged vs 10-2025 12-2025: 1.2%● unchanged vs 11-2025 01-2026: 1.2%● unchanged vs 12-2025 02-2026: 1.2%● unchanged vs 01-2026 03-2026: 1.2%● unchanged vs 02-2026 04-2026: 1.1%▼ -0.1 percentage points vs 03-2026lowest value 05-2026: 1.1%● unchanged vs 04-2026 06-2026: 1.2%▲ +0.1 percentage points vs 05-2026 07-2026: 1.2%● unchanged vs 06-2026 08-2026: 1.7%▲ +0.5 percentage points vs 07-2026 09-2026: 2.0%▲ +0.3 percentage points vs 08-2026 10-2026: 2.4%▲ +0.4 percentage points vs 09-2026
Credit of up to €470,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.68, compared with 0.72 in 2023; short-term debt: 75.7% and cash: 3.5% of total assets), and 88.9% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 10, medium-sized): better than 12% on solvency, 5% on liquidity, 48% on profitability and 38% on growth.

The bankruptcy probability was computed on 09-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.68, cash €3.0m
NBB · annual accounts
raises risk · Figures for financial year 2024 (filed 02-07-2025)
NBB · annual accounts
lowers risk · Founded in 2002
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Equity €9.4m (11.1% of total assets)
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 872 sector peers (2024).
NBB · sector comparison
Position among 872 sector peers
Solvency
better than 16%
← weakest strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year €9.4m
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 02-07-2025, 29 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
29 days early
2023
211 days late
2022
48 days early
2021
122 days late
2020
21 days early
2019
21 days early
← 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 36 days after the deadline; the sector median (NACE 10) for financial year 2024 is 4 days before the deadline, and 38% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Amendment of the articlesGeneral meeting
  2. Resignations & appointmentsPower of attorney
  3. Resignation: EY Réviseurs d'Entreprises SRL (statutory…Appointment: KPMG Réviseurs d'Entreprises SRL…

Key points

  • Caution: Result fell in 2024from €3.1m to €1.2m ▼ 59.9% View
  • Positive: Company by total assets in Mouscron, Manufacturing sectorin the Checked rankings #3 View
  • Caution: Accounts not fileddeadline was 31-07-2026 71 days late View
  • Board changedlatest change 12-12-2025 · 5 in office 5 joined · 2 left View
  • Controlled by MYDIBELultimately: Simplot Europe Holdings 99.84% View

By topic

Financials

Financial year
2024
Turnover
€59.0m
Profit
€1.2m
Solvency
11.1%
Turnover▼ 17.9%
Net result
20182024
Go to Financials

Board & ownership

Board
5 members
Parent
MYDIBEL · 99.84%
Auditor
KPMG Réviseurs d'Entreprises
  • Erik BrandenburgManaging director
  • Gert MasselusDirector
  • Graham DugdaleManaging director
  • James AldermanManaging director
  • Yves CapoenDirector
Go to Board & ownership

Network & group

Group
Simplot Europe Holdings
Holdings
1
Connected companies
6
Mergers and contributions
2

1 holding

Go to Network & group

Timeline

Events
48
Since
2003
  1. 21-01-2026Resignations & appointments
  2. 02-01-2026Amendment of the articles
  3. 12-12-2025Resignations: Jan Clarebout (director) and Marc Van…
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Manufacture of food productsNACE 10311
Founded
24-12-2002
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
2
Financial year
From 1 September to 31 August
Annual meeting
The first on 04-02-2027 at 11:00
Go to Articles of association

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