Summary
GRANHOLD is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €7.96M and a net result of €-54k. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 42% of 9863 sector peers (fiscal year 2024). The company has been active since 1989 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 30-12-2024 was due by 30-07-2025 and was filed on 30-07-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
on the day
2022
1 d late
2021
1 d late
2020
17 d early
2019
16 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€7.96M▼ 0.7%
2023 · €8.02M
2018: €4.97M
2019: €4.92M▼ -0.9% vs 2018lowest in 7 years
2020: €8.91M▲ +81.0% vs 2019
2021: €8.87M▼ -0.5% vs 2020
2022: €8.93M▲ +0.7% vs 2021highest in 7 years
2023: €8.02M▼ -10.3% vs 2022
2024: €7.96M▼ -0.7% vs 2023
2018 → 2024
Net result
€-54k▲ 94.1%
2023 · €-916k
2018: €-73k
2019: €-42k▲ +41.9% vs 2018
2020: €-12k▲ +72.3% vs 2019
2021: €-42k▼ -256% vs 2020
2022: €63k▲ +250% vs 2021highest in 7 years
2023: €-916k▼ -1564% vs 2022lowest in 7 years
2024: €-54k▲ +94.1% vs 2023
2018 → 2024
Total assets
€17.28M▲ 1.1%
2023 · €17.09M
2018: €6.37Mlowest in 7 years
2019: €7.95M▲ +24.9% vs 2018
2020: €17.73M▲ +123% vs 2019highest in 7 years
2021: €14.93M▼ -15.8% vs 2020
2022: €17.61M▲ +18.0% vs 2021
2023: €17.09M▼ -3.0% vs 2022
2024: €17.28M▲ +1.1% vs 2023
2018 → 2024
Solvency
46.1%▼ 0.8pp
2023 · 46.9%
2018: 78.0%highest in 7 years
2019: 61.9%▼ -20.6% vs 2018
2020: 50.3%▼ -18.8% vs 2019
2021: 59.4%▲ +18.2% vs 2020
2022: 50.7%▼ -14.6% vs 2021
2023: 46.9%▼ -7.5% vs 2022
2024: 46.1%▼ -1.8% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€8.91M-€8.87M▼ 0.5%€8.93M▲ 0.7%€8.02M▼ 10.3%€7.96M▼ 0.7%
2020: €8.91M
2021: €8.87M▼ -0.5% vs 2020
2022: €8.93M▲ +0.7% vs 2021highest in 5 years
2023: €8.02M▼ -10.3% vs 2022
2024: €7.96M▼ -0.7% vs 2023lowest in 5 years
Operating result€-77k-€-254k▼ 232%€-168k▲ 33.8%€-1.15M▼ 582%€-250k▲ 78.2%
2020: €-77khighest in 5 years
2021: €-254k▼ -232% vs 2020
2022: €-168k▲ +33.8% vs 2021
2023: €-1.15M▼ -582% vs 2022lowest in 5 years
2024: €-250k▲ +78.2% vs 2023
Net result€-12k-€-42k▼ 256%€63k€-916k€-54k▲ 94.1%
2020: €-12k
2021: €-42k▼ -256% vs 2020
2022: €63k▲ +250% vs 2021highest in 5 years
2023: €-916k▼ -1564% vs 2022lowest in 5 years
2024: €-54k▲ +94.1% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €250k in 2024 against €1.15M in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €17.28M
Fixed assets
€11.65M ▲ 2.6%
Current assets
€5.63M ▼ 1.9%
Equity and liabilities €17.28M
Equity
€7.96M ▼ 0.7%
Debt
€9.32M ▲ 2.7%
Debt's share of the balance-sheet total rises from 53.1% to 53.9%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-0.7%▲
2023 · -11.4%
ROA
-0.3%▲
2023 · -5.4%
Debt ≤ 1 year
€2.30M▼
2023 · €2.30M
Debt > 1 year
€6.85M▲
2023 · €6.46M
Income taxes
€5k
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 · 2024 against 2023 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€17.09M€17.28M▲
Fixed assets21/28€11.35M€11.65M▲
Tangible fixed assets22/27€433€73▼
Furniture and vehicles24€433€73▼
Financial fixed assets28€11.35M€11.65M▲
Current assets29/58€5.74M€5.63M▼
Amounts receivable after more than one year29€2.10M€2.06M▼
Other amounts receivable291€2.10M€2.06M▼
Stocks and contracts in progress3€104k€135k▲
Stocks30/36€104k€135k▲
Amounts receivable within one year40/41€1.96M€1.58M▼
Trade receivables40€1.38M€986k▼
Other amounts receivable41€584k€591k▲
Cash at bank and in hand54/58€28k€9k▼
Deferred charges and accrued income490/1€1.55M€1.85M▲
Equity and liabilities
Total equity and liabilities10/49€17.09M€17.28M▲
Equity10/15€8.02M€7.96M▼
Contributions10/11€9.50M€9.50M=
Capital10€9.50M€9.50M=
Issued capital100€9.50M€9.50M=
Reserves13€353k€353k=
Non-distributable reserves130/1€250k€250k=
Legal reserve130€250k€250k=
Tax-exempt reserves132€77k€77k=
Distributable reserves133€26k€26k=
Profit (loss) carried forward14€-1.84M€-1.89M▼
Amounts payable17/49€9.08M€9.32M▲
Amounts payable after more than one year17€6.46M€6.85M▲
Financial debts170/4€6.46M€6.85M▲
Amounts payable within one year42/48€2.30M€2.30M▼
Trade debts44€50k€58k▲
Suppliers440/4€50k€58k▲
Taxes, remuneration and social security45-€5k
Taxes450/3-€5k
Other amounts payable47/48€2.25M€2.23M▼
Accrued charges and deferred income492/3€313k€174k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€597€359▼
Other operating charges640/8€109€2k▲
Non-recurring operating charges66A€1.24M-
Gross operating margin9900€94k€-247k▼
Operating profit (loss)9901€-1.15M€-250k▲
Financial income75/76B€371k€376k▲
Recurring financial income75€371k€376k▲
Financial charges65/66B€140k€175k▲
Recurring financial charges65€140k€175k▲
Profit (loss) for the period before taxes9903€-916k€-49k▲
Income taxes67/77-€5k
Profit (loss) for the period9904€-916k€-54k▲
Profit (loss) for the period to be appropriated9905€-916k€-54k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.84M€-1.89M▼
Profit (loss) brought forward from the previous period14P€-919k€-1.84M▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €104k | €104k | €104k | €597 | €359 | ▼ 39.8% |
| Other operating charges640/8 | - | €995 | €970 | €109 | €2k | ▲ 1,796% |
| Non-recurring operating charges66A | - | €73k | - | €1.24M | - | - |
| Gross operating margin9900 | €39k | €-75k | €-63k | €94k | €-247k | ▼ 364% |
| Operating profit (loss)9901 | €-77k | €-254k | €-168k | €-1.15M | €-250k | ▲ 78.2% |
| Financial income75/76B | - | €354k | €350k | €371k | €376k | ▲ 1.3% |
| Recurring financial income75 | €355k | €354k | €350k | €371k | €376k | ▲ 1.3% |
| Financial charges65/66B | - | €141k | €119k | €140k | €175k | ▲ 25.0% |
| Recurring financial charges65 | €290k | €141k | €119k | €140k | €175k | ▲ 25.0% |
| Profit (loss) for the period before taxes9903 | €-12k | €-42k | €63k | €-916k | €-49k | ▲ 94.6% |
| Income taxes67/77 | - | - | - | - | €5k | - |
| Profit (loss) for the period9904 | €-12k | €-42k | €63k | €-916k | €-54k | ▲ 94.1% |
| Profit (loss) for the period to be appropriated9905 | €-12k | €-42k | €63k | €-916k | €-54k | ▲ 94.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17.73M | €14.93M | €17.61M | €17.09M | €17.28M | ▲ 1.1% |
| Fixed assets21/28 | €14.65M | €11.74M | €12.19M | €11.35M | €11.65M | ▲ 2.6% |
| Intangible fixed assets21 | €1.45M | €1.34M | €1.24M | - | - | - |
| Tangible fixed assets22/27 | €805 | €563 | €1k | €433 | €73 | ▼ 83.1% |
| Furniture and vehicles24 | - | €563 | €1k | €433 | €73 | ▼ 83.1% |
| Financial fixed assets28 | €13.20M | €10.40M | €10.95M | €11.35M | €11.65M | ▲ 2.6% |
| Current assets29/58 | €3.08M | €3.19M | €5.42M | €5.74M | €5.63M | ▼ 1.9% |
| Amounts receivable after more than one year29 | - | €86k | €2.17M | €2.10M | €2.06M | ▼ 1.9% |
| Other amounts receivable291 | - | €86k | €2.17M | €2.10M | €2.06M | ▼ 1.9% |
| Stocks and contracts in progress3 | €106k | €104k | €104k | €104k | €135k | ▲ 29.5% |
| Stocks30/36 | - | €104k | €104k | €104k | €135k | ▲ 29.5% |
| Amounts receivable within one year40/41 | €1.83M | €1.95M | €1.61M | €1.96M | €1.58M | ▼ 19.5% |
| Trade receivables40 | - | €1.20M | €1.05M | €1.38M | €986k | ▼ 28.4% |
| Other amounts receivable41 | - | €748k | €560k | €584k | €591k | ▲ 1.3% |
| Cash at bank and in hand54/58 | €8k | €19k | €22k | €28k | €9k | ▼ 66.7% |
| Deferred charges and accrued income490/1 | - | €1.03M | €1.52M | €1.55M | €1.85M | ▲ 19.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17.73M | €14.93M | €17.61M | €17.09M | €17.28M | ▲ 1.1% |
| Equity10/15 | €8.91M | €8.87M | €8.93M | €8.02M | €7.96M | ▼ 0.7% |
| Contributions10/11 | €9.50M | €9.50M | €9.50M | €9.50M | €9.50M | = |
| Capital10 | - | €9.50M | €9.50M | €9.50M | €9.50M | = |
| Issued capital100 | - | €9.50M | €9.50M | €9.50M | €9.50M | = |
| Reserves13 | €353k | €353k | €353k | €353k | €353k | = |
| Non-distributable reserves130/1 | - | €250k | €250k | €250k | €250k | = |
| Legal reserve130 | - | €250k | €250k | €250k | €250k | = |
| Tax-exempt reserves132 | - | €77k | €77k | €77k | €77k | = |
| Distributable reserves133 | - | €26k | €26k | €26k | €26k | = |
| Profit (loss) carried forward14 | €-940k | €-982k | €-919k | €-1.84M | €-1.89M | ▼ 2.9% |
| Amounts payable17/49 | €8.82M | €6.06M | €8.68M | €9.08M | €9.32M | ▲ 2.7% |
| Amounts payable after more than one year17 | €7.65M | €5.25M | €5.25M | €6.46M | €6.85M | ▲ 6.0% |
| Financial debts170/4 | - | €5.25M | €5.25M | €6.46M | €6.85M | ▲ 6.0% |
| Amounts payable within one year42/48 | €931k | €682k | €3.22M | €2.30M | €2.30M | ▼ 0.3% |
| Trade debts44 | €325k | €99k | €31k | €50k | €58k | ▲ 15.4% |
| Suppliers440/4 | - | €99k | €31k | €50k | €58k | ▲ 15.4% |
| Advances received on contracts in progress46 | - | - | €12k | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | €5k | - |
| Taxes450/3 | - | - | - | - | €5k | - |
| Other amounts payable47/48 | - | €583k | €3.17M | €2.25M | €2.23M | ▼ 0.9% |
| Accrued charges and deferred income492/3 | - | €130k | €216k | €313k | €174k | ▼ 44.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-12k | €-42k | €63k | €-916k | €-54k | ▲ 94.1% |
| + Depreciation and write-downs630 | €104k | €104k | €104k | €597 | €359 | ▼ 39.8% |
| Operating cash flow (approximation) | €93k | €63k | €166k | €-916k | €-54k | ▲ 94.1% |
| Investment in fixed assets (approximation) | - | €2.80M | €-551k | €840k | €-300k | ▼ 136% |
| Change in cash | - | €11k | €3k | €6k | €-19k | ▼ 416% |
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
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-12
Financial
Weakest financial yearnet €-916k
Net result drops to €-916k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
30-12
Financial
Back to profitnet €63k
Net result €63k after 4 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-12
Financial
Liquidity doublescurrent ratio 3.31
Current ratio from 1.38 to 3.31; short-term debt falls from €2.26M to €931k.
30-12
Financial
Equity above €5MEq €8.91M ▲81%
Equity rises from €4.92M to €8.91M.
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
16-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
25-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 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 1991
Ground 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.
11
companies at this address
See who is registered here
1 establishment unit
Hardenvoort 16, 2060 Antwerpen
since 19912.053.269.769
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
Good to know
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 24,727 companies in sector 64210 we hold annual accounts for 19,768. 6,707 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded07-09-1989
Fiscal year end30-12
Activities, NACEBEL 2025
64210Activities of holding companies
70100Activities of head offices
Scores and ratios are computed by Checked and are not a credit decision.