Granimar
ActiveSummary
Granimar has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €494,152 and a net result of €118,217. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 78% of 273 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90▲+11
Solvency97▲+1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 3.48 against 3.34 in 2024; short-term debt: 28.4% and cash: 37.2% of total assets), and 28.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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
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
71.6%
Return on assets
17.1%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Manufacture of other non-metallic mineral products (NACE 23)
about 17% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
69 d early
2023
44 d early
2022
7 d early
2021
69 d early
2020
8 d early
2019
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 31 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 34% of the sector filed late.
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. Usually files around 15 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€494,152▲ 3.8%
2024 · €475,935
Total assets
€689,851▲ 2.6%
2024 · €672,123
Net result
€118,217▲ 112%
2024 · €55,797
Working capital
€485,330▲ 5.8%
2024 · €458,825
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 23, Manufacture of other non-metallic mineral products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€31,803€34,515▲ 8.5%€145,684▲ 322%€74,613▼ 48.8%€137,367▲ 84.1%
Net result€29,530within the sector's middle half€32,482within the sector's middle half▲ 10.0%€139,132within the sector's middle half▲ 328%€55,797within the sector's middle half▼ 59.9%€118,217within the sector's middle half▲ 112%
Equity€461,278within the sector's middle half▲ 6.8%€467,835within the sector's middle half▲ 1.4%€545,138within the sector's middle half▲ 16.5%€475,935within the sector's middle half▼ 12.7%€494,152within the sector's middle half▲ 3.8%
Total assets€577,538below the sector's middle half▲ 3.9%€506,751below the sector's middle half▼ 12.3%€619,128below the sector's middle half▲ 22.2%€672,123below the sector's middle half▲ 8.6%€689,851within the sector's middle half▲ 2.6%
Debt€116,260▼ 6.4%€38,916▼ 66.5%€73,990▲ 90.1%€196,188▲ 165%€195,699▼ 0.2%
Working capital€436,630within the sector's middle half▲ 20.9%€400,927within the sector's middle half▼ 8.2%€504,780within the sector's middle half▲ 25.9%€458,825within the sector's middle half▼ 9.1%€485,330within the sector's middle half▲ 5.8%
Solvency79.9%above the sector's middle half▲ 2.2pp92.3%above the sector's middle half▲ 12.5pp88.0%above the sector's middle half▼ 4.3pp70.8%above the sector's middle half▼ 17.2pp71.6%above the sector's middle half▲ 0.8pp
Current ratio7.75above the sector's middle half▲ 1.7811.34above the sector's middle half▲ 3.607.82above the sector's middle half▼ 3.523.34within the sector's middle half▼ 4.483.48above the sector's middle half▲ 0.14
Return on assets (ROA)5.1%within the sector's middle half▲ 14.5pp6.4%within the sector's middle half▲ 1.3pp22.5%above the sector's middle half▲ 16.1pp8.3%within the sector's middle half▼ 14.2pp17.1%above the sector's middle half▲ 8.8pp
Staff (FTE)2below the sector's middle half=2below the sector's middle half=2below the sector's middle half=2.1within the sector's middle half▲ 5.0%3within the sector's middle half▲ 42.9%
above
within
below
the middle half (P25 to P75) of NACE 23, Manufacture of other non-metallic mineral products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 84% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €689,851
Fixed assets
€8,882 ▼ 48.1%
Current assets
€680,969 ▲ 4.0%
Equity and liabilities €689,851
Equity
€494,152 ▲ 3.8%
Debt
€195,699 ▼ 0.2%
Debt's share of the balance-sheet total falls from 29.2% to 28.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€145,596▲
2024 · €83,662
Cash flow
€126,445▲
2024 · €64,847
Quick ratio
3.17▲
2024 · 2.55
Debt to equity
0.40▼
2024 · 0.41
ROE
23.9%▲
2024 · 11.7%
Interest coverage
9.50▼
2024 · 33.70
Debt ≤ 1 year
€195,639▼
2024 · €196,188
Debt > 1 year
€60
Income taxes
€10,357▼
2024 · €20,195
Staff costs
€195,257▲
2024 · €135,988
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €48 | €27,800 | €0 | €14,347 | €2,200 | ▼ 84.7% |
| Remuneration, social security and pensions62 | €120,100 | €110,395 | €127,617 | €135,988 | €195,257 | ▲ 43.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,593 | €27,230 | €26,702 | €9,049 | €8,228 | ▼ 9.1% |
| Other operating charges640/8 | €4,594 | €2,733 | €2,879 | €2,572 | €7,206 | ▲ 180% |
| Non-recurring operating charges66A | - | €3,470 | €0 | €5,933 | €0 | ▼ 100% |
| Gross operating margin9900 | €185,091 | €178,343 | €302,881 | €228,155 | €348,058 | ▲ 52.6% |
| Operating profit (loss)9901 | €31,803 | €34,515 | €145,684 | €74,613 | €137,367 | ▲ 84.1% |
| Financial income75/76B | €4,934 | €4,997 | €3,872 | €3,862 | €6,539 | ▲ 69.3% |
| Recurring financial income75 | €4,934 | €4,997 | €3,872 | €3,862 | €6,539 | ▲ 69.3% |
| Financial charges65/66B | €3,495 | €3,006 | €3,610 | €2,482 | €15,332 | ▲ 518% |
| Recurring financial charges65 | €3,495 | €3,006 | €3,610 | €2,482 | €15,332 | ▲ 518% |
| Profit (loss) for the period before taxes9903 | €33,242 | €36,506 | €145,946 | €75,992 | €128,574 | ▲ 69.2% |
| Income taxes67/77 | €3,712 | €4,024 | €6,814 | €20,195 | €10,357 | ▼ 48.7% |
| Profit (loss) for the period9904 | €29,530 | €32,482 | €139,132 | €55,797 | €118,217 | ▲ 112% |
| Profit (loss) for the period to be appropriated9905 | €29,530 | €32,482 | €139,132 | €55,797 | €118,217 | ▲ 112% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €577,538 | €506,751 | €619,128 | €672,123 | €689,851 | ▲ 2.6% |
| Fixed assets21/28 | €76,189 | €67,060 | €40,358 | €17,110 | €8,882 | ▼ 48.1% |
| Tangible fixed assets22/27 | €75,939 | €66,810 | €40,108 | €16,860 | €8,632 | ▼ 48.8% |
| Land and buildings22 | €23,486 | €18,612 | €13,737 | €8,863 | €3,989 | ▼ 55.0% |
| Plant, machinery and equipment23 | €8,571 | €4,783 | €1,709 | €854 | €0 | ▼ 100% |
| Furniture and vehicles24 | €39,508 | €39,486 | €21,178 | €4,105 | €2,050 | ▼ 50.1% |
| Other tangible fixed assets26 | €4,373 | €3,928 | €3,483 | €3,038 | €2,593 | ▼ 14.6% |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €501,349 | €439,691 | €578,770 | €655,012 | €680,969 | ▲ 4.0% |
| Stocks and contracts in progress3 | €200,684 | €123,741 | €147,214 | €155,031 | €59,939 | ▼ 61.3% |
| Stocks30/36 | €52,184 | €64,433 | €54,514 | €42,721 | €46,530 | ▲ 8.9% |
| Contracts in progress37 | €148,500 | €59,308 | €92,700 | €112,310 | €13,409 | ▼ 88.1% |
| Amounts receivable within one year40/41 | €222,830 | €82,483 | €287,840 | €106,896 | €356,866 | ▲ 234% |
| Trade receivables40 | €182,966 | €69,129 | €283,675 | €71,052 | €132,463 | ▲ 86.4% |
| Other amounts receivable41 | €39,863 | €13,355 | €4,165 | €35,844 | €224,403 | ▲ 526% |
| Cash at bank and in hand54/58 | €49,516 | €226,391 | €138,100 | €383,650 | €256,489 | ▼ 33.1% |
| Deferred charges and accrued income490/1 | €28,319 | €7,076 | €5,616 | €9,436 | €7,675 | ▼ 18.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €577,538 | €506,751 | €619,128 | €672,123 | €689,851 | ▲ 2.6% |
| Equity10/15 | €461,278 | €467,835 | €545,138 | €475,935 | €494,152 | ▲ 3.8% |
| Contributions10/11 | €69,410 | €69,410 | €69,410 | €69,410 | €69,410 | = |
| Capital10 | €69,410 | €69,410 | €69,410 | €69,410 | €69,410 | = |
| Issued capital100 | €69,410 | €69,410 | €69,410 | €69,410 | €69,410 | = |
| Reserves13 | €391,868 | €398,424 | €475,728 | €406,525 | €424,742 | ▲ 4.5% |
| Non-distributable reserves130/1 | €6,941 | €6,941 | €6,941 | €6,941 | €6,941 | = |
| Legal reserve130 | €6,941 | €6,941 | €6,941 | €6,941 | €6,941 | = |
| Tax-exempt reserves132 | €56,131 | €56,131 | €56,131 | €56,131 | €56,131 | = |
| Distributable reserves133 | €328,795 | €335,352 | €412,655 | €343,453 | €361,669 | ▲ 5.3% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €116,260 | €38,916 | €73,990 | €196,188 | €195,699 | ▼ 0.2% |
| Amounts payable after more than one year17 | €51,540 | €152 | €0 | - | €60 | - |
| Financial debts170/4 | €50,000 | €0 | - | - | - | - |
| Other amounts payable178/9 | €1,540 | €152 | €0 | - | €60 | - |
| Amounts payable within one year42/48 | €64,719 | €38,764 | €73,990 | €196,188 | €195,639 | ▼ 0.3% |
| Current portion of amounts payable after more than one year42 | €1,399 | €0 | - | - | - | - |
| Trade debts44 | €52,548 | €21,303 | €24,328 | €59,919 | €90,216 | ▲ 50.6% |
| Suppliers440/4 | €52,548 | €21,303 | €24,328 | €59,919 | €90,216 | ▲ 50.6% |
| Taxes, remuneration and social security45 | €10,772 | €12,577 | €49,661 | €11,269 | €5,423 | ▼ 51.9% |
| Taxes450/3 | €8,245 | €11,117 | €46,764 | €6,790 | €315 | ▼ 95.4% |
| Remuneration and social security454/9 | €2,527 | €1,461 | €2,897 | €4,479 | €5,108 | ▲ 14.0% |
| Other amounts payable47/48 | - | €4,884 | €0 | €125,000 | €100,000 | ▼ 20.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,530 | €32,482 | €139,132 | €55,797 | €118,217 | ▲ 112% |
| + Depreciation and write-downs630 | €28,593 | €27,230 | €26,702 | €9,049 | €8,228 | ▼ 9.1% |
| Operating cash flow (approximation) | €58,123 | €59,712 | €165,834 | €64,847 | €126,445 | ▲ 95.0% |
| Investment in fixed assets (approximation) | - | -€18,101 | €0 | €14,198 | -€0 | ▼ 100% |
| Change in cash | - | €176,874 | -€88,291 | €245,550 | -€127,161 | ▼ 152% |
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
Next filing, fiscal year 2026, expected by
2026
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €139,132 ▲328%
Operating result €145,684, net result €139,132, both a record.
31-12
Financial
Equity above €500,000Eq €545,138 ▲16.5%
3 profitable years in a row build equity to €545,138.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €29,530
Net result €29,530 after 3 loss-making years.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-06
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.
0 of 8 acts read
About the unread acts
We know of 8 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
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, Wielsbeke · 1 establishment unit since 1960
Ground area
3,605 m²
Building footprint
1,805 m²
Volume, LiDAR
11,215 m³
Parcel 37009A0173/00Y004, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Oostrozebeeksestraat(O) 28, 8710 Wielsbeke
since 19602.006.168.846
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37009A0173/00Y004 | Flanders | 3,605 m² | 1 · 1,805 m² | 10.2 m · 2 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.
Recognitions · licences · registrations
Recognised contractor
1 categoryGranimar NV33193
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Of 737 companies in sector 23700 we hold annual accounts for 489. 400 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
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
23700Cutting, shaping and finishing of stone
46831Wholesale of construction materials, general range
47521Retail sale of hardware, building materials, paint and glass (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0405418527
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.