GRANIPIERRE - FORAGE
ActiveGRANIPIERRE - FORAGE has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €854k and a net result of €9k. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 83% of 2041 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▲+2
Solvency98▲+7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 3.38 against 2.8 in 2024; short-term debt: 23% and cash: 4.7% of total assets), and 27.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
72.6%
Return on assets
0.8%
Age of the figures
9 mo
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
35 d early
2023
37 d early
2022
33 d early
2021
26 d early
2020
31 d early
2019
24 d early
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€9k
2024 · €-9k
2018: €53k
2019: €27k
2020: €48k
2021: €42k
2022: €56k
2023: €84k
2024: €-9k
2018 → 2025
Working capital
€644k▲ 9.0%
2024 · €590k
2018: €530k
2019: €545k
2020: €597k
2021: €564k
2022: €574k
2023: €641k
2024: €590k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€714k-€769k▲ 7.8%€854k▲ 10.9%€844k▼ 1.1%€854k▲ 1.1%
Operating result€63k-€82k▲ 29.8%€126k▲ 53.5%€16▼ 100.0%€24k▲ 152,132%
Net result€42k-€56k▲ 31.6%€84k▲ 51.3%€-9k€9k
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 152,132% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.18M
Fixed assets
€262k▼ 29.3%
Current assets
€914k▼ 0.5%
Equity and liabilities €1.18M
Equity
€854k▲ 1.1%
Debt
€322k▼ 27.5%
The debt ratio falls from 34.5% to 27.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€156k▲
2024 · €120k
Cash flow
€141k▲
2024 · €110k
Solvency
72.6%▲
2024 · 65.5%
Current ratio
3.38▲
2024 · 2.80
Quick ratio
3.38▲
2024 · 2.80
Debt / equity
0.38▼
2024 · 0.53
ROE
1.1%▲
2024 · -1.1%
ROA
0.8%▲
2024 · -0.7%
Interest coverage
11.86▼
2024 · 13.48
Debt
€322k▼
2024 · €444k
Debt ≤ 1 year
€270k▼
2024 · €328k
Debt > 1 year
€52k▼
2024 · €116k
Income taxes
€3k▲
2024 · €505
Staff costs
€556k▲
2024 · €505k
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€1.29M€1.18M▼
Fixed assets21/28€370k€262k▼
Tangible fixed assets22/27€368k€260k▼
Plant, machinery and equipment23€247k€178k▼
Furniture and vehicles24€84k€44k▼
Other tangible fixed assets26€37k€38k▲
Financial fixed assets28€2k€2k=
Current assets29/58€918k€914k▼
Amounts receivable within one year40/41€786k€791k▲
Trade receivables40€355k€393k▲
Other amounts receivable41€431k€398k▼
Current investments50/53€72k€52k▼
Cash at bank and in hand54/58€44k€56k▲
Deferred charges and accrued income490/1€15k€15k▼
Equity and liabilities
Total equity and liabilities10/49€1.29M€1.18M▼
Equity10/15€844k€854k▲
Contributions10/11€132k€132k=
Capital10€132k€132k=
Issued capital100€132k€132k=
Reserves13€320k€329k▲
Non-distributable reserves130/1€13k€13k=
Legal reserve130€13k€13k=
Tax-exempt reserves132€3k€3k=
Distributable reserves133€303k€313k▲
Profit (loss) carried forward14€393k€393k=
Amounts payable17/49€444k€322k▼
Amounts payable after more than one year17€116k€52k▼
Financial debts170/4€116k€52k▼
Amounts payable within one year42/48€328k€270k▼
Current portion of amounts payable after more than one year42€71k€69k▼
Trade debts44€107k€77k▼
Suppliers440/4€107k€77k▼
Taxes, remuneration and social security45€18k€30k▲
Taxes450/3€18k€5k▼
Remuneration and social security454/9-€25k
Other amounts payable47/48€131k€93k▼
Income statement
Code20242025
Remuneration, social security and pensions62€505k€556k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€120k€132k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-18k
Other operating charges640/8€8k€33k▲
Gross operating margin9900€632k€727k▲
Operating profit (loss)9901€16€24k▲
Financial income75/76B€176€944▲
Recurring financial income75€176€944▲
Financial charges65/66B€9k€13k▲
Recurring financial charges65€9k€13k▲
Profit (loss) for the period before taxes9903€-9k€12k▲
Income taxes67/77€505€3k▲
Profit (loss) for the period9904€-9k€9k▲
Profit (loss) for the period to be appropriated9905€-9k€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€393k€402k▲
Profit (loss) brought forward from the previous period14P€402k€393k▼
Transfer to equity691/2-€9k
To other reserves6921-€9k
Social balance
Average headcount (FTE)90879.59.0▼
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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-9k ▼111%
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €84k ▲51.3%
Operating result €126k, net result €84k, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
01-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 32 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2017
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.
05-05-2017
Jocelyne Colsoul: Resigned as Director
21-03-2007
Françoise DUQUENNE: Resigned as Director
Location & real-estate footprint
Registered office, Namur · 1 establishment unit since 1981
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 de l'Economie(RH) 75020 NamurGround area
3,487 m²
Building footprint
878 m²
Parcel 92120F0021/00H005, Wallonia. Linked by address, not a title deed.
1 establishment unit
GRANIPIERRE - FORAGE
since 19812.128.781.004
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92120F0021/00H005 | Wallonia | 3,487 m² | 1 · 878 m² | - |
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.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
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Of 607 companies in sector 43130 we hold annual accounts for 302. 176 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-11-1981
Fiscal year end31-12
Activities, NACEBEL
43130Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 44 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.