Grant@vice
ActiveSummary
Grant@vice has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €108,664 and a net result of €11,851. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 30% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+1
Solvency54▲+6
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 3.65 against 2.69 in 2024; short-term debt: 15.3% and cash: 5.7% of total assets), but 70.5% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
29.5%
Return on assets
3.2%
Age of the figures
15 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €108,664
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-10-2025, 94 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
94 d early
2024
39 d early
2023
71 d early
2022
43 d early
2021
61 d early
2020
39 d early
2019
42 d early
← 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 56 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 1 December (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€108,664▲ 12.2%
2024 · €96,813
Total assets
€368,545▼ 10.7%
2024 · €412,777
Net result
€11,851▲ 1.4%
2024 · €11,686
Working capital
€149,524▲ 6.0%
2024 · €141,020
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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€941▼ 95.8%€11,378▲ 1,109%€25,276▲ 122%€25,832▲ 2.2%€23,636▼ 8.5%
Net result-€11,203below the sector's middle half€40below the sector's middle half€10,733within the sector's middle half▲ 26,866%€11,686within the sector's middle half▲ 8.9%€11,851within the sector's middle half▲ 1.4%
Equity€95,354within the sector's middle half▼ 10.5%€85,394within the sector's middle half▼ 10.4%€96,126within the sector's middle half▲ 12.6%€96,813within the sector's middle half▲ 0.7%€108,664within the sector's middle half▲ 12.2%
Total assets€493,750within the sector's middle half▼ 4.4%€434,004within the sector's middle half▼ 12.1%€415,702within the sector's middle half▼ 4.2%€412,777within the sector's middle half▼ 0.7%€368,545within the sector's middle half▼ 10.7%
Debt€398,396▼ 2.8%€348,610▼ 12.5%€319,575▼ 8.3%€315,964▼ 1.1%€259,881▼ 17.7%
Working capital€108,223within the sector's middle half▲ 5.4%€112,602within the sector's middle half▲ 4.0%€132,015within the sector's middle half▲ 17.2%€141,020within the sector's middle half▲ 6.8%€149,524above the sector's middle half▲ 6.0%
Solvency19.3%below the sector's middle half▼ 1.3pp19.7%below the sector's middle half▲ 0.4pp23.1%below the sector's middle half▲ 3.4pp23.5%below the sector's middle half▲ 0.3pp29.5%within the sector's middle half▲ 6.0pp
Current ratio2.35within the sector's middle half▼ 0.232.91within the sector's middle half▲ 0.563.18within the sector's middle half▲ 0.272.69within the sector's middle half▼ 0.503.65within the sector's middle half▲ 0.97
Return on assets (ROA)-2.3%below the sector's middle half▼ 3.8pp0.0%below the sector's middle half▲ 2.3pp2.6%within the sector's middle half▲ 2.6pp2.8%within the sector's middle half▲ 0.2pp3.2%within the sector's middle half▲ 0.4pp
Staff (FTE)0.40.6▲ 50.0%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 9% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €368,545
Fixed assets
€162,636 ▼ 13.5%
Current assets
€205,909 ▼ 8.4%
Equity and liabilities €368,545
Equity
€108,664 ▲ 12.2%
Debt
€259,881 ▼ 17.7%
Debt's share of the balance-sheet total falls from 76.5% to 70.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€58,210▼
2024 · €60,493
Cash flow
€46,425▲
2024 · €46,347
Debt to equity
2.39▼
2024 · 3.26
ROE
10.9%▼
2024 · 12.1%
Interest coverage
6.82▲
2024 · 6.40
Debt ≤ 1 year
€56,386▼
2024 · €83,652
Debt > 1 year
€203,459▼
2024 · €231,209
Income taxes
€3,967▼
2024 · €5,263
Staff costs
€147▼
2024 · €216
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,504 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
1.6%
stopped otherwise
97%
still going
A further 0.4% 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 4,504 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €6,289 | €56 | €216 | €147 | ▼ 31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43,514 | €43,089 | €39,219 | €34,661 | €34,574 | ▼ 0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0 | €9,580 | -€341 | -€11,739 | ▼ 3,339% |
| Other operating charges640/8 | - | €2,811 | €3,056 | €13,027 | €14,912 | ▲ 14.5% |
| Gross operating margin9900 | €54,117 | €63,566 | €77,188 | €73,394 | €61,530 | ▼ 16.2% |
| Operating profit (loss)9901 | €941 | €11,378 | €25,276 | €25,832 | €23,636 | ▼ 8.5% |
| Financial income75/76B | - | €511 | €84 | €566 | €722 | ▲ 27.7% |
| Recurring financial income75 | €0 | €511 | €84 | €566 | €722 | ▲ 27.7% |
| Financial charges65/66B | - | €11,352 | €10,418 | €9,448 | €8,539 | ▼ 9.6% |
| Recurring financial charges65 | €12,255 | €11,352 | €10,418 | €9,448 | €8,539 | ▼ 9.6% |
| Profit (loss) for the period before taxes9903 | -€11,313 | €536 | €14,942 | €16,950 | €15,818 | ▼ 6.7% |
| Income taxes67/77 | -€110 | €496 | €4,210 | €5,263 | €3,967 | ▼ 24.6% |
| Profit (loss) for the period9904 | -€11,203 | €40 | €10,733 | €11,686 | €11,851 | ▲ 1.4% |
| Profit (loss) for the period to be appropriated9905 | -€11,203 | €40 | €10,733 | €11,686 | €11,851 | ▲ 1.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €493,750 | €434,004 | €415,702 | €412,777 | €368,545 | ▼ 10.7% |
| Fixed assets21/28 | €305,510 | €262,421 | €223,202 | €188,105 | €162,636 | ▼ 13.5% |
| Intangible fixed assets21 | €1,012 | €675 | €337 | €0 | €9,083 | - |
| Tangible fixed assets22/27 | €302,528 | €259,776 | €220,895 | €188,105 | €153,553 | ▼ 18.4% |
| Land and buildings22 | - | €254,936 | €220,895 | €186,854 | €152,813 | ▼ 18.2% |
| Plant, machinery and equipment23 | - | - | - | €1,251 | €739 | ▼ 40.9% |
| Furniture and vehicles24 | - | €4,841 | €0 | - | - | - |
| Financial fixed assets28 | €1,970 | €1,970 | €1,970 | €0 | - | - |
| Current assets29/58 | €188,240 | €171,583 | €192,500 | €224,672 | €205,909 | ▼ 8.4% |
| Amounts receivable within one year40/41 | €117,458 | €79,437 | €83,942 | €95,349 | €97,322 | ▲ 2.1% |
| Trade receivables40 | - | €79,133 | €83,527 | €95,349 | €97,204 | ▲ 1.9% |
| Other amounts receivable41 | - | €304 | €415 | €0 | €117 | - |
| Current investments50/53 | €47,093 | €49,753 | €60,569 | €98,490 | €61,489 | ▼ 37.6% |
| Cash at bank and in hand54/58 | €1,137 | €19,361 | €29,747 | €12,140 | €21,065 | ▲ 73.5% |
| Deferred charges and accrued income490/1 | - | €23,032 | €18,241 | €18,693 | €26,033 | ▲ 39.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €493,750 | €434,004 | €415,702 | €412,777 | €368,545 | ▼ 10.7% |
| Equity10/15 | €95,354 | €85,394 | €96,126 | €96,813 | €108,664 | ▲ 12.2% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €44,360 | €34,360 | €45,060 | €45,660 | €57,510 | ▲ 26.0% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €32,500 | €43,200 | €45,660 | €57,510 | ▲ 26.0% |
| Profit (loss) carried forward14 | €44,794 | €44,834 | €44,866 | €44,953 | €44,954 | = |
| Amounts payable17/49 | €398,396 | €348,610 | €319,575 | €315,964 | €259,881 | ▼ 17.7% |
| Amounts payable after more than one year17 | €314,459 | €286,709 | €258,959 | €231,209 | €203,459 | ▼ 12.0% |
| Financial debts170/4 | - | €286,709 | €258,959 | €231,209 | €203,459 | ▼ 12.0% |
| Amounts payable within one year42/48 | €80,017 | €58,981 | €60,485 | €83,652 | €56,386 | ▼ 32.6% |
| Current portion of amounts payable after more than one year42 | - | €27,750 | €27,750 | €27,750 | €27,750 | = |
| Financial debts43 | - | - | - | - | €363 | - |
| Credit institutions430/8 | - | - | - | - | €363 | - |
| Trade debts44 | €21,669 | €9,774 | €5,956 | €28,063 | €5,414 | ▼ 80.7% |
| Suppliers440/4 | - | €9,774 | €5,956 | €28,063 | €5,414 | ▼ 80.7% |
| Advances received on contracts in progress46 | - | €3,600 | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | €17,858 | €26,743 | €25,666 | €17,367 | ▼ 32.3% |
| Taxes450/3 | - | €14,531 | €26,743 | €19,922 | €14,495 | ▼ 27.2% |
| Remuneration and social security454/9 | - | €3,327 | €0 | €5,744 | €2,872 | ▼ 50.0% |
| Other amounts payable47/48 | - | - | €36 | €2,173 | €5,491 | ▲ 153% |
| Accrued charges and deferred income492/3 | - | €2,920 | €132 | €1,103 | €36 | ▼ 96.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,203 | €40 | €10,733 | €11,686 | €11,851 | ▲ 1.4% |
| + Depreciation and write-downs630 | €43,514 | €43,089 | €39,219 | €34,661 | €34,574 | ▼ 0.3% |
| Operating cash flow (approximation) | €32,311 | €43,129 | €49,951 | €46,347 | €46,425 | ▲ 0.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €437 | -€9,105 | ▼ 2,186% |
| Change in cash | - | €18,224 | €10,385 | -€17,606 | €8,925 | ▲ 151% |
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
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Highest result since 2019net €11,851 ▲1.4%
Net result €11,851, the highest in the series.
30-06
Financial
Equity above €100,000Eq €108,664 ▲12.2%
4 profitable years in a row build equity to €108,664.
2024
23-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
21-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
19-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Back to profitnet €40
Net result €40 after one loss-making year.
2021
01-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Weakest financial yearnet -€11,203
Net result drops to -€11,203, the lowest in the series; recovery starts the following year.
2020
23-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
20-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
21-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
01-12
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 3 acts read
About the unread acts
We know of 3 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
3 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, Schilde · 2 establishment units since 2010
Ground area
7,425 m²
Building footprint
1,860 m²
Volume, LiDAR
2,028 m³
2 parcels, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Grant@vice
since 20102.192.949.670
Grant@vice
since 20192.289.588.295
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38016A0080/00D027 | Flanders | 5,271 m² | 1 · 1,583 m² | 2.8 m |
| 11922C0355/00E000 | Flanders | 2,154 m² | 1 · 277 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 7,401 EUR awarded · 7,773 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,182 EUR | 3,182 EUR |
| 2024 | 1 | 1,592 EUR | 1,364 EUR |
| 2023 | 1 | 2,627 EUR | 3,227 EUR |
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 40,755 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-10-2010
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
46341Wholesale of wines and spirits
63920Other information service activities
74201Photography, excluding press photography
74999Other professional, scientific and technical activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0830368401
Registered
04-03-2025
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.