Summary
Granit Europe 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 €9.71M and a net result of €1,000k. Equity is growing by ~18% per year across the filed fiscal years. Its solvency ranks better than 12% of 2394 sector peers (fiscal year 2025). The company has been active since 2009 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 advice 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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
on the day
2023
65 d late
2022
31 d late
2021
31 d late
2020
30 d late
2019
109 d late
← 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, full schema
Equity
€9.71M▲ 11.5%
2024 · €8.71M
2018: €3.19M
2019: €3.69M
2020: €3.67M
2021: €5.48M
2022: €5.92M
2023: €8.17M
2024: €8.71M
2018 → 2025
Net result
€1,000k▲ 86.8%
2024 · €535k
2018: €787k
2019: €499k
2020: €-22k
2021: €1.81M
2022: €436k
2023: €2.25M
2024: €535k
2018 → 2025
Total assets
€84.52M▲ 45.3%
2024 · €58.18M
2018: €28.20M
2019: €27.74M
2020: €27.87M
2021: €40.89M
2022: €42.56M
2023: €44.97M
2024: €58.18M
2018 → 2025
Solvency
11.5%▼ 3.5pp
2024 · 15.0%
2018: 11.3%
2019: 13.3%
2020: 13.2%
2021: 13.4%
2022: 13.9%
2023: 18.2%
2024: 15.0%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€651k-€1.27M▲ 95.2%€1.00M▼ 20.9%€1.35M▲ 34.9%€1.19M▼ 12.0%
Equity€5.48M-€5.92M▲ 8.0%€8.17M▲ 38.0%€8.71M▲ 6.5%€9.71M▲ 11.5%
Operating result€160k-€752k▲ 369%€433k▼ 42.4%€759k▲ 75.2%€449k▼ 40.8%
Net result€1.81M-€436k▼ 75.9%€2.25M▲ 416%€535k▼ 76.2%€1,000k▲ 86.8%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 41% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €84.52M
Fixed assets
€74.46M ▲ 47.6%
Current assets
€10.06M ▲ 29.9%
Equity and liabilities €84.52M
Equity
€9.71M ▲ 11.5%
Debt
€74.82M ▲ 51.2%
Debt's share of the balance-sheet total rises from 85.0% to 88.5%. Equity and debt are higher.
Key figures and ratios
ROE
10.3%▲
2024 · 6.1%
ROA
1.2%▲
2024 · 0.9%
Debt ≤ 1 year
€2.42M▼
2024 · €2.56M
Debt > 1 year
€67.70M▲
2024 · €46.37M
Income taxes
€-365▼
2024 · €198k
Staff costs
€279k▲
2024 · €271k
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 · 72 lines
Balance sheet
Code20242025
Assets
Total assets20/58€58.18M€84.52M▲
Fixed assets21/28€50.44M€74.46M▲
Tangible fixed assets22/27€52k€35k▼
Furniture and vehicles24€8k€9k▲
Leasing and similar rights25€43k€26k▼
Financial fixed assets28€50.39M€74.42M▲
Affiliated companies280/1€50.39M€74.42M▲
Participating interests280€28.41M€28.42M=
Amounts receivable281€21.97M€46.00M▲
Other financial fixed assets284/8€280€280=
Amounts receivable and cash guarantees285/8€280€280=
Current assets29/58€7.75M€10.06M▲
Amounts receivable after more than one year29€3.06M€5.37M▲
Other amounts receivable291€3.06M€5.37M▲
Amounts receivable within one year40/41€1.70M€2.39M▲
Trade receivables40€1.28M€1.91M▲
Other amounts receivable41€425k€476k▲
Cash at bank and in hand54/58€2.42M€1.69M▼
Deferred charges and accrued income490/1€566k€610k▲
Equity and liabilities
Total equity and liabilities10/49€58.18M€84.52M▲
Equity10/15€8.71M€9.71M▲
Contributions10/11€3.20M€3.20M=
Capital10€3.20M€3.20M=
Issued capital100€3.50M€3.50M=
Uncalled capital101€300k€300k=
Reserves13€350k€350k=
Non-distributable reserves130/1€350k€350k=
Legal reserve130€350k€350k=
Profit (loss) carried forward14€5.16M€6.16M▲
Amounts payable17/49€49.48M€74.82M▲
Amounts payable after more than one year17€46.37M€67.70M▲
Financial debts170/4€34.22M€54.29M▲
Leasing and similar obligations172€28k€18k▼
Credit institutions173€5.43M-
Other loans174€28.76M€54.27M▲
Other amounts payable178/9€12.15M€13.42M▲
Amounts payable within one year42/48€2.56M€2.42M▼
Current portion of amounts payable after more than one year42€565k€10k▼
Trade debts44€1.78M€2.14M▲
Suppliers440/4€1.78M€2.14M▲
Taxes, remuneration and social security45€215k€266k▲
Taxes450/3€184k€238k▲
Remuneration and social security454/9€31k€29k▼
Other amounts payable47/48€1k€1k=
Accrued charges and deferred income492/3€541k€4.70M▲
Income statement
Code20242025
Operating income70/76A€1.78M€1.62M▼
Turnover70€1.35M€1.19M▼
Other operating income74€421k€431k▲
Operating charges60/66A€1.02M€1.17M▲
Services and other goods61€337k€442k▲
Remuneration, social security and pensions62€271k€279k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€18k▲
Other operating charges640/8€405k€435k▲
Operating profit (loss)9901€759k€449k▼
Financial income75/76B€671k€1.86M▲
Recurring financial income75€671k€1.86M▲
Income from financial fixed assets750€471k€1.71M▲
Income from current assets751€94k€156k▲
Other financial income752/9€106k€345▼
Financial charges65/66B€696k€1.31M▲
Recurring financial charges65€696k€1.31M▲
Debt charges650€678k€821k▲
Other financial charges652/9€19k€492k▲
Profit (loss) for the period before taxes9903€733k€999k▲
Income taxes67/77€198k€-365▼
Taxes670/3€198k€197k▼
Tax adjustments and reversals of tax provisions77-€198k
Profit (loss) for the period9904€535k€1,000k▲
Profit (loss) for the period to be appropriated9905€535k€1,000k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5.16M€6.16M▲
Profit (loss) brought forward from the previous period14P€4.62M€5.16M▲
Social balance
Average headcount (FTE)90872.42.1▼
The notes to these accounts (62 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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 65 days late
2023
31-12
Financial
Highest result since 2018net €2.25M ▲416%
Net result €2.25M, the highest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Back to profitnet €1.81M
Net result €1.81M after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 2.68
Current ratio from 0.98 to 2.68; short-term debt falls from €1.39M to €1.20M.
31-12
Financial
Equity above €5MEq €5.48M ▲49.4%
Equity rises from €3.67M to €5.48M.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €-22k ▼104%
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
17-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 109 days late
Show earlier events
2019
31-12
Financial
Liquidity times 64current ratio 3.23
Current ratio from 0.05 to 3.23; short-term debt falls from €24.56M to €453k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
16 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, Gent · 1 establishment unit since 2009
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.
Industriepark-Drongen 149031 GentGround area
1.2 ha
Building footprint
6,017 m²
Volume, LiDAR
45,929 m³
Parcel 44017D0805/00W000, Flanders · tallest building 17.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Granit Europe
since 20092.184.299.052
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017D0805/00W000 | Flanders | 1.2 ha | 1 · 6,017 m² | 17.9 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. 6,115 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 formPublic limited company
Founded02-12-2009
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.