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GRANIT PROMOTIONS

Active
Public limited companyfounded 1998active for 28 yearsIndustriepark-Drongen 14, 9031 Gent, Belgium23 active companies are registered at this addressKBO/BCE: BE 0462.434.533
Summary

The annual accounts of GRANIT PROMOTIONS for financial year 2025 show a net loss of 64% of total assets and of 61% of the equity at the start of that year. The 2025 annual accounts show equity of €298,897 and a net result of -€476,241. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 52% of 5,763 sector peers (NACE 68, financial year 2025). The company has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisFollow ReportCompare
GRANIT PROMOTIONSActiveChecked score 54/100
Risk analysis ReportCompare

Overview

Activity
Development of residential building projects
NACE 68121
1 site
Size
€741,189total assets 2025
Equity
€298,897
Loss
-€476,241
Net result -52%: other schema
Financial health
54 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Structure
Largest shareholder
Granit Europe · 50%
  • Granit Europe NVManaging director · permanent representative Karolien De Brouwer
  • IPROM NVManaging director · permanent representative Wybraeke Marc
Accounts 25 days early2 of 20 deeds read
Why 54raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €476,241, the second in a row (financial year 2025)Founded in 1998lowers riskSize: total assets €741,189Legal form: public limited companyShow the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 26% of its sector peers (NACE 68, micro)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 65+8
equity 40.3% of total assets
Liquidity 39-5
short-term debt 59.7% · cash 16.1%
Profitability 0-5
return on assets -64.3%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,608 companies, NACE 68, micro)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024lowest value 01-2025: 0.1%● unchanged vs 12-2024lowest value 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.3%▲ +0.2 percentage points vs 07-2026highest value 09-2026: 0.3%● unchanged vs 08-2026highest value 10-2026: 0.3%● unchanged vs 09-2026highest value
Credit of up to €16,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.68, compared with 1.5 in 2024, above the usual 1.5; short-term debt: 59.7% and cash: 16.1% of total assets), but 59.7% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 57% on solvency, 32% on liquidity, 4% on profitability and 10% on growth.

The bankruptcy probability was computed on 23-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Loss of €476,241, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Size: total assets €741,189
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Legal form: public limited company
KBO
raises risk · Founded in 1998
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€476,241
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
25 days early
2024
2 days early
2023
40 days early
2022
3 days early
2021
17 days early
2020
4 days early
2019
91 days 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 on the deadline day; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
24-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Reappointments: GRANIT EUROPE NV (director) and…Permanent representative: Karolien De Brouwer
  2. Annual accounts filedfinancial year 2025 · full…
  3. Weakest financial yearnet -€476,241

Key points

  • Caution: Among the weakest 7% on net resultsector median €20,538 · 5,769 companies -€476,241 View
  • Caution: Equity fell in 2025from €775,139 to €298,897 ▼ 61.4% View
  • Caution: 2 loss-making years in a rowloss financial year 2025 -€476,241 View
  • Positive: Filed on time since financial year 2020accounts within the deadline every year 6 years View

By topic

Financials

Financial year
2025
Total assets
€741,189
Loss
-€476,241
Solvency
40.3%
Total assets▼ 69.1%
Net result
20182025
Go to Financials

Board & ownership

Board
2 members
Largest shareholder
Granit Europe · 50%
  • Granit Europe NVManaging director
  • IPROM NVManaging director
Go to Board & ownership

Timeline

Events
31
Since
2000
Next accounts
by 31-07-2027
  1. 29-07-2025Annual accounts filed
  2. 21-06-2024Annual accounts filed
  3. 31-12-2023Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Development of residential building projectsNACE 68121
Founded
28-01-1998
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about GRANIT PROMOTIONS

What is the company number of GRANIT PROMOTIONS?
0462.434.533. In Belgium the VAT number is the company number with BE in front: BE 0462.434.533.
Where is GRANIT PROMOTIONS based?
The registered office is at Industriepark-Drongen 14, 9031 Gent.Company details
What does GRANIT PROMOTIONS do?
According to the KBO register, the main activity is development of residential building projects (NACE 68121).
What is the legal form of GRANIT PROMOTIONS?
Public limited company (NV).
When was GRANIT PROMOTIONS founded?
On 28-01-1998.
Is GRANIT PROMOTIONS still active?
Yes, GRANIT PROMOTIONS is an active enterprise in the KBO register.
What is the turnover of GRANIT PROMOTIONS?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is GRANIT PROMOTIONS profitable?
In financial year 2025, GRANIT PROMOTIONS made a loss of €476,241.
Where can I find the annual accounts of GRANIT PROMOTIONS?
GRANIT PROMOTIONS filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of GRANIT PROMOTIONS due?
By 31-07-2027, for financial year 2026.Timeline

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