GRATIAGO
ActiveThe computed 12-month bankruptcy probability of GRATIAGO is 1.9% (moderate). The 2025 annual accounts show equity of €50k and a net result of €-82k. Equity is shrinking by ~78.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 30% of 1892 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency44▼-56
Growth32=
Stability94
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity short (current ratio 0.98 against 7.27 in 2024), and 71.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Sector 63
lower
← 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 2025Solvency, return and age of the figures
Solvency
28.7%
Return on assets
-47.4%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
232425
2023 to 2025 · latest year -€82k
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 31-07-2026, 0 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
on the day
2024
31 d late
2023
13 d late
← 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€50k▼ 62.3%
2024 · €131k
2023: €255k
2024: €131k
2023 → 2025
Total assets
€173k▲ 21.0%
2024 · €143k
2023: €255k
2024: €143k
2023 → 2025
Net result
€-82k▲ 33.6%
2024 · €-123k
2023: €-12k
2024: €-123k
2023 → 2025
Working capital
€-2k
2024 · €71k
2023: €220k
2024: €71k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€255k-€131k▼ 48.4%€50k▼ 62.3%
Operating result€-12k-€-123k▼ 970%€-81k▲ 34.0%
Net result€-12k-€-123k▼ 950%€-82k▲ 33.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €81k in 2025 against €123k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €173k
Fixed assets
€52k▼ 14.8%
Current assets
€121k▲ 47.7%
Equity and liabilities €173k
Equity
€50k▼ 62.3%
Debt
€123k▲ 995%
The debt ratio rises from 7.9% to 71.3%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-45k▲
2024 · €-102k
Cash flow
€-46k▲
2024 · €-102k
Solvency
28.7%▼
2024 · 92.1%
Current ratio
0.98▼
2024 · 7.27
Quick ratio
0.98▼
2024 · 7.27
Debt / equity
2.48▲
2024 · 0.09
ROE
-165.1%▼
2024 · -93.9%
ROA
-47.4%▲
2024 · -86.5%
Interest coverage
-97.70▲
2024 · -691.44
Debt
€123k▲
2024 · €11k
Debt ≤ 1 year
€123k▲
2024 · €11k
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
Assets
Total assets20/58€143k€173k▲
Fixed assets21/28€61k€52k▼
Intangible fixed assets21€60k€49k▼
Tangible fixed assets22/27€976€3k▲
Plant, machinery and equipment23€976€3k▲
Financial fixed assets28€40€40=
Current assets29/58€82k€121k▲
Amounts receivable within one year40/41€9k€26k▲
Trade receivables40-€3k
Other amounts receivable41€9k€23k▲
Cash at bank and in hand54/58€70k€92k▲
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€143k€173k▲
Equity10/15€131k€50k▼
Contributions10/11€267k€267k=
Profit (loss) carried forward14€-135k€-217k▼
Amounts payable17/49€11k€123k▲
Amounts payable within one year42/48€11k€123k▲
Trade debts44€10k€9k▼
Suppliers440/4€10k€9k▼
Other amounts payable47/48€1k€114k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€36k▲
Other operating charges640/8€63€63=
Gross operating margin9900€-102k€-45k▲
Operating profit (loss)9901€-123k€-81k▲
Financial income75/76B€136€13▼
Recurring financial income75€136€13▼
Financial charges65/66B€147€463▲
Recurring financial charges65€147€463▲
Profit (loss) for the period before taxes9903€-123k€-82k▲
Profit (loss) for the period9904€-123k€-82k▲
Profit (loss) for the period to be appropriated9905€-123k€-82k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-135k€-217k▼
Profit (loss) brought forward from the previous period14P€-12k€-135k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €-123k
Net result drops to €-123k, the lowest in the series; recovery starts the following year.
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Brussel · 2 establishment units since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Louizalaan 2511050 BrusselGround area
6,424 m²
Building footprint
1,857 m²
Volume, LiDAR
49,056 m³
2 parcels, Brussels, Wallonia · tallest building 46.6 m, ±13 floors. Linked by address, not a title deed.
2 establishment units
GRATIAGO
since 20222.328.417.890
Gratiago SRL
since 20242.367.599.952
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25037D0014/02A003 | Wallonia | 4,849 m² | 1 · 277 m² | 13.9 m · 3 fl. |
| 21807G0135/00T003 | Brussels | 1,574 m² | 1 · 1,579 m² | 46.6 m · 13 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,142 companies in sector 63920 we hold annual accounts for 1,516. 1,224 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-02-2022
Fiscal year end31-12
Activities, NACEBEL
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
82300Organisation of conventions and trade shows
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:sevan@gratiago.com