GRAPPA
ActiveGRAPPA has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €53k and a net result of €31k. Equity is shrinking by ~17.9% per year across the filed fiscal years. Its solvency ranks better than 29% of 47 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency8=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.37 against 0.16 in 2024), and 87.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Sector 77
higher
← fewer bankruptcies
more bankruptcies →
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
12.1%
Return on assets
7.2%
Age of the figures
8 mo
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
48 d early
2023
29 d early
2022
28 d early
2021
27 d early
2020
26 d early
2019
32 d early
← before the deadline
after the deadline →
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
05-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€53k▲ 13.7%
2024 · €47k
2022: €85k
2023: €67k
2024: €47k
2022 → 2025
Total assets
€439k▲ 15.1%
2024 · €381k
2022: €485k
2023: €392k
2024: €381k
2022 → 2025
Net result
€31k
2024 · €-20k
2022: €57k
2023: €-18k
2024: €-20k
2022 → 2025
Working capital
€-111k▲ 4.2%
2024 · €-115k
2022: €-74k
2023: €-99k
2024: €-115k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€85k-€67k▼ 21.3%€47k▼ 29.8%€53k▲ 13.7%
Operating result€70k-€-5k€-12k▼ 168%€43k
Net result€57k-€-18k€-20k▼ 10.1%€31k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €43k after a loss of €12k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €439k
Fixed assets
€373k▲ 3.9%
Current assets
€66k▲ 198%
Equity and liabilities €439k
Equity
€53k▲ 13.7%
Debt
€386k▲ 15.3%
The debt ratio rises from 87.7% to 87.9%: debt grows faster than equity.
Key figures and ratios
EBITDA
€64k▲
2024 · €4k
Cash flow
€53k▲
2024 · €-4k
Solvency
12.1%▼
2024 · 12.3%
Current ratio
0.37▲
2024 · 0.16
Quick ratio
0.37▲
2024 · 0.16
Debt / equity
7.25▲
2024 · 7.15
ROE
59.0%▲
2024 · -42.5%
ROA
7.2%▲
2024 · -5.2%
Interest coverage
5.73▲
2024 · 0.33
Debt
€386k▲
2024 · €334k
Debt ≤ 1 year
€176k▲
2024 · €137k
Debt > 1 year
€194k▲
2024 · €183k
Income taxes
€316▼
2024 · €336
Staff costs
€147k▲
2024 · €111k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Total assets
20/58€381k€439k▲
Fixed assets
21/28€359k€373k▲
Intangible fixed assets
21-€369
Tangible fixed assets
22/27€358k€372k▲
Financial fixed assets
28€800€800=
Current assets
29/58€22k€66k▲
Amounts receivable within one year
40/41€20k€18k▼
Cash & bank
54/58€140€43k▲
Total equity & liabilities
10/49€381k€439k▲
Equity
10/15€47k€53k▲
Contributions / capital
10/11€19k€19k=
Reserves
13€2k€35k▲
Accumulated profits (losses)
14€26k€0▼
Amounts payable
17/49€334k€386k▲
Amounts payable after one year
17€183k€194k▲
Amounts payable within one year
42/48€137k€176k▲
Trade debts payable within one year
44€4k€22k▲
Income statement
Code20242025
Gross operating margin
9900€120k€213k▲
Operating result
9901€-12k€43k▲
Financial income
75€4k€9▼
Financial charges
65€11k€11k▲
Result before taxes
9903€-20k€32k▲
Income taxes
67/77€336€316▼
Net result for the period
9904€-20k€31k▲
Result to be appropriated
9905€-20k€31k▲
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €31k
Net result €31k after 2 loss-making years.
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
05-06
State Gazette act
Director changes
v3.2
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 1 act read
Directors · office · real estate
Directors
under verification, no change since 2024
All 3 current directors first appear in the same act (24402910). Founders or capital subscribers may have been counted as directors here.
LONESOME COWBOY BV
CurrentStatutair bestuurder · since 05-06-2024 · Legal entity
Luc WYNS
CurrentVast vertegenwoordiger van lonesome cowboy bv · since 05-06-2024
WYNS Jonas
CurrentPlaatsvervangend (statutair) bestuurder · since 05-06-2024
05-06-2024
LONESOME COWBOY BV: Appointed as Statutair bestuurder
05-06-2024
Luc WYNS: Appointed as Vast vertegenwoordiger van lonesome cowboy bv
05-06-2024
WYNS Jonas: Appointed as Plaatsvervangend (statutair) bestuurder
Location & real-estate footprint
Registered office, Schoten · 1 establishment unit since 1999
Ground area
3,111 m²
Building footprint
488 m²
Volume, LiDAR
2,518 m³
Parcel 11040A0032/00V076, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GRAPPA / Diamond City Records/The Greenroom
since 19992.090.958.031
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11040A0032/00V076 | Flanders | 3,111 m² | 1 · 488 m² | 8.0 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.
Comparable companies · same sector, comparable size
Similar companies · same sector, comparable size
Conseil-Vins Export
BE 0861.912.997
Moorslede · Eq €54k
Wood Infra
BE 0802.485.552
Antwerpen · Eq €53k
CarpeDiemInvest
BE 0769.277.405
Limbourg · Eq €55k
MIRKO
BE 0542.994.023
Antwerpen · Eq €55k
IM.MOR - TILIMOR
BE 0464.706.709
Meise · Eq €51k
Of 1,188 companies in sector 77399 we hold annual accounts for 690. 395 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-03-1999
Fiscal year end31-12
Activities, NACEBEL
59113Video and film production, excluding cinema and television films
77399Renting and leasing of other machinery, equipment and tangible goods
92113
71340
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 06-08-2026. Scores and ratios are computed by Checked and are not a credit decision.