GRANEX
ActiveGRANEX has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €96k and a net result of €2k. Equity is growing by ~26.5% per year across the filed fiscal years. Its solvency ranks better than 65% of 956 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▲+2
Solvency85▲+8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 2.33 against 1.93 in 2024; short-term debt: 39.6% and cash: 7.2% of total assets), and 39.7% of the assets are financed with debt.
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 · 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Sector 52
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
60.3%
Return on assets
1.6%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 12-03-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
45 d early
2023
51 d early
2022
4 d early
2021
36 d early
2020
4 d early
2019
31 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€96k▲ 2.7%
2024 · €93k
2018: €13k
2019: €39k
2020: €-42k
2021: €-56k
2022: €-14k
2023: €70k
2024: €93k
2018 → 2025
Total assets
€159k▼ 11.9%
2024 · €180k
2018: €270k
2019: €162k
2020: €120k
2021: €154k
2022: €162k
2023: €244k
2024: €180k
2018 → 2025
Net result
€2k▼ 89.2%
2024 · €23k
2018: €104k
2019: €25k
2020: €-81k
2021: €-14k
2022: €42k
2023: €84k
2024: €23k
2018 → 2025
Working capital
€83k▲ 3.1%
2024 · €81k
2018: €16k
2019: €26k
2020: €-53k
2021: €-68k
2022: €-26k
2023: €65k
2024: €81k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-56k-€-14k▲ 74.9%€70k€93k▲ 32.6%€96k▲ 2.7%
Operating result€-9k-€49k€96k▲ 94.7%€37k▼ 61.2%€6k▼ 83.0%
Net result€-14k-€42k€84k▲ 101%€23k▼ 72.8%€2k▼ 89.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 83% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €159k
Fixed assets
€13k▲ 1.0%
Current assets
€146k▼ 12.9%
Equity and liabilities €159k
Equity
€96k▲ 2.7%
Debt
€63k▼ 27.5%
The debt ratio falls from 48.3% to 39.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€6k
Cash flow
€3k
Solvency
60.3%▲
2024 · 51.7%
Current ratio
2.33▲
2024 · 1.93
Quick ratio
2.33▲
2024 · 1.93
Debt / equity
0.66▼
2024 · 0.93
ROE
2.6%▼
2024 · 24.6%
ROA
1.6%▼
2024 · 12.7%
Interest coverage
8.90
Debt
€63k▼
2024 · €87k
Debt ≤ 1 year
€63k▼
2024 · €87k
Income taxes
€4k▼
2024 · €10k
Staff costs
€100k▲
2024 · €94k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€180k€159k▼
Fixed assets21/28€12k€13k▲
Tangible fixed assets22/27-€130
Furniture and vehicles24-€130
Financial fixed assets28€12k€12k=
Current assets29/58€168k€146k▼
Amounts receivable within one year40/41€107k€121k▲
Trade receivables40€105k€113k▲
Other amounts receivable41€2k€7k▲
Cash at bank and in hand54/58€50k€11k▼
Deferred charges and accrued income490/1€12k€14k▲
Equity and liabilities
Total equity and liabilities10/49€180k€159k▼
Equity10/15€93k€96k▲
Contributions10/11€63k€63k=
Capital10€63k€63k=
Issued capital100€63k€63k=
Reserves13€31k€33k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€25k€27k▲
Amounts payable17/49€87k€63k▼
Amounts payable within one year42/48€87k€63k▼
Trade debts44€67k€28k▼
Suppliers440/4€67k€28k▼
Taxes, remuneration and social security45€20k€14k▼
Taxes450/3€10k€3k▼
Remuneration and social security454/9€11k€11k▲
Other amounts payable47/48-€21k
Accrued charges and deferred income492/3-€137
Income statement
Code20242025
Non-recurring operating income76A€6k-
Remuneration, social security and pensions62€94k€100k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€24
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-164k-
Other operating charges640/8€164k€702▼
Gross operating margin9900€131k€107k▼
Operating profit (loss)9901€37k€6k▼
Financial income75/76B€1€392▲
Recurring financial income75€1€392▲
Financial charges65/66B€4k€711▼
Recurring financial charges65€4k€711▼
Profit (loss) for the period before taxes9903€33k€6k▼
Income taxes67/77€10k€4k▼
Profit (loss) for the period9904€23k€2k▼
Profit (loss) for the period to be appropriated9905€23k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€2k▲
Profit (loss) brought forward from the previous period14P€-36k-
Transfer from equity791/2€13k-
Transfer to equity691/2-€2k
To other reserves6921-€2k
The notes to these accounts (7 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
12-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
16-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €42k
Net result €42k after 2 loss-making years.
25-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet €-81k ▼421%
Net result drops to €-81k, the lowest in the series; recovery starts the following year.
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Antwerpen · 1 establishment unit since 1983
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.
Hardenvoort 162060 AntwerpenGround area
362 m²
Building footprint
218 m²
Volume, LiDAR
2,870 m³
Parcel 11807G0282/00K004, Flanders · tallest building 16.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Hardenvoort 16, 2060 Antwerpen
since 19832.023.339.826
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G0282/00K004 | Flanders | 362 m² | 1 · 218 m² | 16.4 m · 4 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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JOVABO
BE 0829.429.281
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LEYBO DAKWERKEN
BE 0778.512.397
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GOUFFEAU
BE 0878.549.784
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Of 275 companies in sector 52241 we hold annual accounts for 212. 116 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-09-1983
Fiscal year end30-09
Activities, NACEBEL
52241Warehousing and support activities for transportation
52250Logistics services
52290Warehousing and support activities for transportation
63401
52100Warehousing and storage
63122
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.