GRAPES
ActiveSummary
GRAPES has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-77k) and a net result of €-25k. Equity is shrinking by ~34.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-21
Solvency0=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.99 against 3.61 in 2024; short-term debt: 50.2% and cash: 6% of total assets), but equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-57.1%
Return on assets
-18.2%
Age of the figures
15 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-77k
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 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
28 d late
2023
28 d late
2022
on the day
2021
15 d late
2020
5 d early
2019
1 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-77k▼ 46.9%
2024 · €-53k
Total assets
€135k▼ 14.5%
2024 · €158k
Net result
€-25k▼ 143%
2024 · €-10k
Working capital
€67k▼ 41.1%
2024 · €114k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€20k▲ 75.7%€-45k€-2k▲ 94.5%€-10k▼ 303%€-28k▼ 177%
Net result€3k€-50k€-967▲ 98.1%€-10k▼ 951%€-25k▼ 143%
Equity€8k▲ 59.5%€-41k€-42k▼ 2.3%€-53k▼ 23.9%€-77k▼ 46.9%
Total assets€637k▼ 2.6%€430k▼ 32.5%€209k▼ 51.2%€158k▼ 24.4%€135k▼ 14.5%
Debt€629k▼ 3.1%€471k▼ 25.1%€252k▼ 46.5%€211k▼ 16.3%€213k▲ 0.8%
Working capital€210k▼ 8.8%€169k▼ 19.7%€148k▼ 12.4%€114k▼ 22.6%€67k▼ 41.1%
Staff (FTE)3.2▼ 11.1%0.3▼ 90.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €28k in 2025 against €10k in 2024; the loss grows.
Key figures and ratios
Solvency
-57.1%▼
2024 · -33.2%
Current ratio
1.99▼
2024 · 3.61
Debt to equity
-2.75▲
2024 · -4.01
ROA
-18.2%▼
2024 · -6.4%
Debt ≤ 1 year
€68k▲
2024 · €44k
Debt > 1 year
€145k▼
2024 · €167k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €120k | - | - | - | - |
| Remuneration, social security and pensions62 | - | €13k | - | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €2k | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €3k | €2k | €0 | - | - |
| Other operating charges640/8 | - | €45k | €494 | €734 | €575 | ▼ 21.7% |
| Non-recurring operating charges66A | - | - | - | - | €22k | - |
| Gross operating margin9900 | €118k | €19k | €411 | €-9k | €-5k | ▲ 42.1% |
| Operating profit (loss)9901 | €20k | €-45k | €-2k | €-10k | €-28k | ▼ 177% |
| Financial income75/76B | - | €4k | €7k | €5k | €6k | ▲ 4.9% |
| Recurring financial income75 | €112 | €4k | €7k | €5k | €6k | ▲ 4.9% |
| Financial charges65/66B | - | €9k | €5k | €5k | €3k | ▼ 52.1% |
| Recurring financial charges65 | €17k | €9k | €5k | €5k | €3k | ▼ 52.1% |
| Profit (loss) for the period before taxes9903 | €3k | €-50k | €-967 | €-10k | €-25k | ▼ 143% |
| Income taxes67/77 | €136 | €9 | - | - | - | - |
| Profit (loss) for the period9904 | €3k | €-50k | €-967 | €-10k | €-25k | ▼ 143% |
| Profit (loss) for the period to be appropriated9905 | €3k | €-50k | €-967 | €-10k | €-25k | ▼ 143% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €637k | €430k | €209k | €158k | €135k | ▼ 14.5% |
| Fixed assets21/28 | €82k | - | - | - | - | - |
| Intangible fixed assets21 | €49k | - | - | - | - | - |
| Tangible fixed assets22/27 | €32k | - | - | - | - | - |
| Financial fixed assets28 | €781 | - | - | - | - | - |
| Current assets29/58 | €555k | €430k | €209k | €158k | €135k | ▼ 14.5% |
| Stocks and contracts in progress3 | €344k | - | - | - | - | - |
| Amounts receivable within one year40/41 | €166k | €400k | €124k | €150k | €127k | ▼ 15.4% |
| Trade receivables40 | - | €324k | €10k | €9k | €3k | ▼ 65.1% |
| Other amounts receivable41 | - | €76k | €114k | €141k | €124k | ▼ 12.2% |
| Cash at bank and in hand54/58 | €43k | €29k | €79k | €8k | €8k | ▲ 1.8% |
| Deferred charges and accrued income490/1 | - | €435 | €7k | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €637k | €430k | €209k | €158k | €135k | ▼ 14.5% |
| Equity10/15 | €8k | €-41k | €-42k | €-53k | €-77k | ▼ 46.9% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €9k | €9k | €9k | €9k | €9k | = |
| Non-distributable reserves130/1 | - | €4k | €4k | €4k | €4k | = |
| Legal reserve130 | - | €4k | €4k | €4k | €4k | = |
| Distributable reserves133 | - | €4k | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | €-62k | €-112k | €-113k | €-123k | €-148k | ▼ 20.0% |
| Amounts payable17/49 | €629k | €471k | €252k | €211k | €213k | ▲ 0.8% |
| Amounts payable after more than one year17 | €284k | €210k | €190k | €167k | €145k | ▼ 13.4% |
| Financial debts170/4 | - | €210k | €190k | €167k | €145k | ▼ 13.4% |
| Amounts payable within one year42/48 | €344k | €261k | €62k | €44k | €68k | ▲ 54.8% |
| Current portion of amounts payable after more than one year42 | - | €19k | €20k | €21k | €33k | ▲ 58.6% |
| Trade debts44 | €145k | €14k | €7k | €3k | €3k | ▲ 7.9% |
| Suppliers440/4 | - | €14k | €7k | €3k | €3k | ▲ 7.9% |
| Advances received on contracts in progress46 | - | €192k | - | - | - | - |
| Other amounts payable47/48 | - | €36k | €35k | €20k | €32k | ▲ 57.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €-50k | €-967 | €-10k | €-25k | ▼ 143% |
| + Depreciation and write-downs630 | €13k | €2k | - | - | - | - |
| Operating cash flow (approximation) | €16k | €-48k | €-967 | €-10k | €-25k | ▼ 143% |
| Change in cash | - | €-14k | €49k | €-71k | €143 | ▲ 100% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
28-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
30-06
Financial
Liquidity doublescurrent ratio 3.40
Current ratio from 1.65 to 3.40; short-term debt falls from €261k to €62k.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Weakest financial yearnet €-50k
Net result drops to €-50k, the lowest in the series; recovery starts the following year.
15-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 15 days late
2021
30-06
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
25-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 13 days late
2017
17-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Maaseik · 1 establishment unit since 1995
Ground area
1,690 m²
Building footprint
477 m²
Volume, LiDAR
3,968 m³
2 parcels, Flanders · tallest building 13.2 m, ±3 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Kempenstraat 21, 3650 Dilsen-Stokkem
since 19952.072.446.867
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72021D0018/00C004 | Flanders | 1,121 m² | 1 · 254 m² | 12.4 m · 3 fl. |
| 72032A0954/00N000 | Flanders | 569 m² | 1 · 223 m² | 13.2 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.
Identification & contact
Identification
Legal formPublic limited company
Founded28-06-1995
Fiscal year end30-06
Scores and ratios are computed by Checked and are not a credit decision.