GRAPNET
ActiveSummary
The computed 12-month bankruptcy probability of GRAPNET is 2.2% (moderate). The annual accounts of GRAPNET for fiscal year 2024 show a net loss of 72% of the equity at the start of that year. The 2024 annual accounts show equity of €2,857 and a net result of -€7,469. Equity is shrinking by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 15% of 5899 sector peers (fiscal year 2024). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability1▼-60
Solvency30▼-12
Growth32=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.75 against 0.75 in 2023; short-term debt: 94.7% and cash: 1.8% of total assets), and 94.7% of the assets are financed with debt.
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Signals
Seven 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 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
5.3%
Return on assets
-13.9%
Age of the figures
21 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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€7,469
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 5899 sector peers (2024).
NBB · sector comparisonPosition among 5899 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
127 d late
2022
153 d late
2021
31 d late
2020
90 d late
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 77 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€7,469▼ 108%
2023 · -€3,585
Working capital
-€12,718▼ 0.8%
2023 · -€12,621
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape 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
Line20202021202220232024
Operating result-€6,615▲ 22.1%€13,872€4,594▼ 66.9%-€3,470-€7,372▼ 112%
Net result-€6,715below the sector's middle half▲ 23.8%€13,797within the sector's middle half€4,505within the sector's middle half▼ 67.3%-€3,585below the sector's middle half-€7,469below the sector's middle half▼ 108%
Equity€5,609below the sector's middle half▼ 54.5%€9,405below the sector's middle half▲ 67.7%€13,910below the sector's middle half▲ 47.9%€10,325below the sector's middle half▼ 25.8%€2,857below the sector's middle half▼ 72.3%
Total assets€16,279below the sector's middle half▼ 16.4%€34,882below the sector's middle half▲ 114%€28,759below the sector's middle half▼ 17.6%€60,993within the sector's middle half▲ 112%€53,844below the sector's middle half▼ 11.7%
Debt€10,670▲ 49.4%€25,477▲ 139%€14,849▼ 41.7%€50,668▲ 241%€50,988▲ 0.6%
Working capital€4,904within the sector's middle half▼ 57.8%-€337within the sector's middle half€5,391within the sector's middle half-€12,621below the sector's middle half-€12,718below the sector's middle half▼ 0.8%
Solvency34.5%within the sector's middle half▼ 28.9pp27.0%within the sector's middle half▼ 7.5pp48.4%within the sector's middle half▲ 21.4pp16.9%below the sector's middle half▼ 31.4pp5.3%below the sector's middle half▼ 11.6pp
Current ratio1.46within the sector's middle half▼ 1.170.99within the sector's middle half▼ 0.471.36within the sector's middle half▲ 0.380.75below the sector's middle half▼ 0.610.75below the sector's middle half=
Return on assets (ROA)-41.2%below the sector's middle half▲ 4.0pp39.6%above the sector's middle half▲ 80.8pp15.7%above the sector's middle half▼ 23.9pp-5.9%below the sector's middle half▼ 21.5pp-13.9%below the sector's middle half▼ 8.0pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7,372 in 2024 against €3,470 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €53,844
Fixed assets
€15,574 ▼ 32.1%
Current assets
€38,270 ▲ 0.6%
Equity and liabilities €53,844
Equity
€2,857 ▼ 72.3%
Debt
€50,988 ▲ 0.6%
Debt's share of the balance-sheet total rises from 83.1% to 94.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€0▼
2023 · €3,903
Cash flow
-€96▼
2023 · €3,788
Debt to equity
17.85▲
2023 · 4.91
ROE
-261.5%▼
2023 · -34.7%
Interest coverage
0.00▼
2023 · 33.88
Debt ≤ 1 year
€50,988▲
2023 · €50,668
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 541 companies that looked in July 2024 the way this one looks now, 4.4% went bankrupt within 24 months and 86% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a loss of 10% of the balance sheet or more
4.4%
went bankrupt
8.5%
stopped otherwise
86%
still going
A further 1.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.2% 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 541 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €4,181 | €87 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €3,012 | €3,012 | €7,372 | €7,372 | = |
| Other operating charges640/8 | - | €2,228 | €719 | €99 | - | - |
| Non-recurring operating charges66A | - | - | - | €85 | - | - |
| Gross operating margin9900 | €13,863 | €23,293 | €8,413 | €4,087 | - | - |
| Operating profit (loss)9901 | -€6,615 | €13,872 | €4,594 | -€3,470 | -€7,372 | ▼ 112% |
| Financial income75/76B | - | €1 | - | - | - | - |
| Recurring financial income75 | - | €1 | - | - | - | - |
| Financial charges65/66B | - | €76 | €88 | €115 | €96 | ▼ 16.5% |
| Recurring financial charges65 | €100 | €76 | €88 | €115 | €96 | ▼ 16.5% |
| Profit (loss) for the period before taxes9903 | -€6,715 | €13,797 | €4,505 | -€3,585 | -€7,469 | ▼ 108% |
| Profit (loss) for the period9904 | -€6,715 | €13,797 | €4,505 | -€3,585 | -€7,469 | ▼ 108% |
| Profit (loss) for the period to be appropriated9905 | -€6,715 | €13,797 | €4,505 | -€3,585 | -€7,469 | ▼ 108% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €16,279 | €34,882 | €28,759 | €60,993 | €53,844 | ▼ 11.7% |
| Fixed assets21/28 | €705 | €9,742 | €8,519 | €22,947 | €15,574 | ▼ 32.1% |
| Tangible fixed assets22/27 | - | €9,037 | €7,814 | €22,242 | €14,869 | ▼ 33.1% |
| Furniture and vehicles24 | - | €9,037 | €7,814 | €22,242 | €14,869 | ▼ 33.1% |
| Financial fixed assets28 | €705 | €705 | €705 | €705 | €705 | = |
| Current assets29/58 | €15,574 | €25,140 | €20,240 | €38,046 | €38,270 | ▲ 0.6% |
| Amounts receivable within one year40/41 | €11,930 | €23,109 | €14,578 | €37,030 | €37,295 | ▲ 0.7% |
| Trade receivables40 | - | €12,057 | €9,639 | €32,387 | €32,652 | ▲ 0.8% |
| Other amounts receivable41 | - | €11,052 | €4,940 | €4,643 | €4,643 | = |
| Cash at bank and in hand54/58 | €3,644 | €2,031 | €5,662 | €1,016 | €975 | ▼ 4.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €16,279 | €34,882 | €28,759 | €60,993 | €53,844 | ▼ 11.7% |
| Equity10/15 | €5,609 | €9,405 | €13,910 | €10,325 | €2,857 | ▼ 72.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€14,851 | -€11,055 | -€6,550 | -€10,135 | -€17,603 | ▼ 73.7% |
| Amounts payable17/49 | €10,670 | €25,477 | €14,849 | €50,668 | €50,988 | ▲ 0.6% |
| Amounts payable within one year42/48 | €10,670 | €25,477 | €14,849 | €50,668 | €50,988 | ▲ 0.6% |
| Trade debts44 | - | €4,222 | - | €23,024 | €23,024 | = |
| Suppliers440/4 | - | €4,222 | - | €23,024 | €23,024 | = |
| Taxes, remuneration and social security45 | - | €5,892 | €4,849 | - | - | - |
| Taxes450/3 | - | €9 | €9 | - | - | - |
| Remuneration and social security454/9 | - | €5,883 | €4,840 | - | - | - |
| Other amounts payable47/48 | - | €15,363 | €10,000 | €27,644 | €27,964 | ▲ 1.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,715 | €13,797 | €4,505 | -€3,585 | -€7,469 | ▼ 108% |
| + Depreciation and write-downs630 | - | €3,012 | €3,012 | €7,372 | €7,372 | = |
| Operating cash flow (approximation) | -€6,715 | €16,809 | €7,518 | €3,788 | -€96 | ▼ 103% |
| Investment in fixed assets (approximation) | - | -€12,049 | -€1,789 | -€21,800 | €0 | ▲ 100% |
| Change in cash | - | -€1,613 | €3,631 | -€4,646 | -€41 | ▲ 99.1% |
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
2026
01-07
State Gazette act
Resignation: EL MOUTTAKI DRISS (director)Appointment: EL MOUTTAKI Afaf (director) · Share transfer4 facts ▸
State Gazette act
Resignation: EL MOUTTAKI DRISS (director)
Appointment: EL MOUTTAKI Afaf (director) · Share transfer4 facts ▸
- General meeting, 31-03-2026
- Director resignation, EL MOUTTAKI DRISS (director)
- Director appointment, EL MOUTTAKI Afaf (director)
- Share transfer, EL MOUTTAKI DRISS → EL MOUTTAKI Afaf
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
05-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 127 days late
2023
31-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 153 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 €13,797
Net result €13,797 after 2 loss-making years.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 90 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 28 days late
2019
31-12
Financial
Weakest financial yearnet -€8,815
Net result drops to -€8,815, the lowest in the series; recovery starts the following year.
13-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
17-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 48 days late
2017
07-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
28-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 89 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
EL MOUTTAKI Afaf
CurrentDirector · since 01-04-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
4 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Schaarbeek · 1 establishment unit since 2007
Ground area
112 m²
Building footprint
70 m²
Volume, LiDAR
593 m³
Parcel 21902A0317/00R000, Brussels · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
-
since 20072.160.613.731
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21902A0317/00R000 | Brussels | 112 m² | 1 · 70 m² | 12.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| EL MOUTTAKI Afaf |
|
| EL MOUTTAKI DRISS |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Of 6,996 companies in sector 81220 we hold annual accounts for 2,414. 689 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
Founded26-04-2005
Fiscal year end31-12
Activities, NACEBEL 2025
81220Other building cleaning and industrial cleaning
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
49330On-demand passenger transport by chauffeured vehicle
53200Other postal and courier activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0873490047
Also
9925:BE0873490047
Registered
08-01-2026
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.