Summary
Grando-Massin Holding is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €2.71M and a net result of €1.95M. Equity is growing by ~2.9% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
53 d early
2024
70 d early
2023
68 d early
2022
75 d early
2021
16 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, unclassified schema
Equity
€2.71M▲ 10.3%
2024 · €2.46M
2021: €2.51M
2022: €2.28M
2023: €2.06M
2024: €2.46M
2021 → 2025
Net result
€1.95M▲ 385%
2024 · €403k
2021: €1.67M
2022: €-232k
2023: €-222k
2024: €403k
2021 → 2025
Total assets
€6.88M▼ 0.8%
2024 · €6.94M
2021: €6.91M
2022: €6.89M
2023: €6.89M
2024: €6.94M
2021 → 2025
Solvency
39.4%▲ 4.0pp
2024 · 35.5%
2021: 36.4%
2022: 33.1%
2023: 29.8%
2024: 35.5%
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€781k-€503k▼ 35.7%€485k▼ 3.6%€550k▲ 13.5%€328k▼ 40.4%
Equity€2.51M-€2.28M▼ 9.3%€2.06M▼ 9.8%€2.46M▲ 19.6%€2.71M▲ 10.3%
Operating result€45k-€2k▼ 96.1%€-2k€-3k▼ 56.3%€508
Net result€1.67M-€-232k€-222k▲ 4.2%€403k€1.95M▲ 385%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €508 after a loss of €3k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.88M
Fixed assets
€6.86M =
Current assets
€18k ▼ 74.2%
Equity and liabilities €6.88M
Equity
€2.71M ▲ 10.3%
Debt
€4.17M ▼ 6.9%
Debt's share of the balance-sheet total falls from 64.5% to 60.6%. Equity is higher and debt is lower.
Key figures and ratios
ROE
72.0%▲
2024 · 16.4%
ROA
28.4%▲
2024 · 5.8%
Debt ≤ 1 year
€4.17M▲
2024 · €3.18M
Debt > 1 year
€0▼
2024 · €1.30M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€6.94M€6.88M▼
Fixed assets21/28€6.86M€6.86M=
Financial fixed assets28€6.86M€6.86M=
Affiliated companies280/1€6.86M€6.86M=
Participating interests280€6.86M€6.86M=
Current assets29/58€71k€18k▼
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€931€750▼
Other amounts receivable41€931€750▼
Cash at bank and in hand54/58€70k€18k▼
Equity and liabilities
Total equity and liabilities10/49€6.94M€6.88M▼
Equity10/15€2.46M€2.71M▲
Contributions10/11€845k€845k=
Profit (loss) carried forward14€1.61M€1.87M▲
Amounts payable17/49€4.48M€4.17M▼
Amounts payable after more than one year17€1.30M€0▼
Financial debts170/4€1.30M€0▼
Other loans174€1.30M€0▼
Amounts payable within one year42/48€3.18M€4.17M▲
Trade debts44€57k€1k▼
Suppliers440/4€57k€1k▼
Other amounts payable47/48€3.12M€4.17M▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Operating income70/76A€550k€328k▼
Turnover70€550k€328k▼
Operating charges60/66A€554k€328k▼
Services and other goods61€553k€326k▼
Other operating charges640/8€1k€1k▲
Operating profit (loss)9901€-3k€508▲
Financial income75/76B€540k€1.99M▲
Recurring financial income75€540k€1.99M▲
Income from financial fixed assets750€540k€1.99M▲
Financial charges65/66B€134k€36k▼
Recurring financial charges65€134k€36k▼
Debt charges650€133k€36k▼
Other financial charges652/9€140€141▲
Profit (loss) for the period before taxes9903€403k€1.95M▲
Profit (loss) for the period9904€403k€1.95M▲
Profit (loss) for the period to be appropriated9905€403k€1.95M▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.61M€3.57M▲
Profit (loss) brought forward from the previous period14P€1.21M€1.61M▲
Profit to be distributed694/7-€1.70M
Return on contributions (dividend)694-€1.70M
The notes to these accounts (25 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · unclassified schema
30-03
State Gazette act
Resignation: Johannes Ruijgrok (director)2 facts ▸
State Gazette act
Resignation: Johannes Ruijgrok (director)
2 facts ▸
- Shareholder decision, 27/02/2026
- Director resignation, Johannes Ruijgrok (director)
2025
31-12
Financial
Highest result since 2021net €1.95M ▲385%
Net result €1.95M, the highest in the series.
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
31-12
Financial
Back to profitnet €403k
Net result €403k after 2 loss-making years.
24-05
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
17-05
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
31-12
Financial
Weakest financial yearnet €-232k ▼114%
Net result drops to €-232k, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-03-2026
Resigned as Director
Location & real-estate footprint
Registered office, Nivelles · 1 establishment unit since 2020
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.
Rue du Commerce 141400 NivellesGround area
1.4 ha
Building footprint
6,334 m²
Volume, LiDAR
47,070 m³
Parcel 25782C0631/00B000, Wallonia · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Grando-Massin Holding
since 20202.305.365.346
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25782C0631/00B000 | Wallonia | 1.4 ha | 1 · 6,334 m² | 11.4 m · 2 fl. |
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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Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 9,977 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.