GRATIAM
ActiveSummary
The computed 12-month bankruptcy probability of GRATIAM is 3.6% (moderate). The 2025 annual accounts show equity of €539k and a net result of €18k. Equity is growing by ~6.3% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+8
Solvency100=
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
3.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 14.65 against 2.57 in 2024; short-term debt: 0.7% and cash: 10.3% of total assets), and 1.4% of the assets are financed with debt.
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Signals
Five 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 · 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
98.6%
Return on assets
3.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 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 · 5 filingsDeviation from the deadline
2025
14 d late
2024
19 d late
2023
22 d late
2022
23 d late
2021
119 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€539k▲ 3.4%
2024 · €521k
Total assets
€547k▼ 0.2%
2024 · €548k
Net result
€18k
2024 · €-14k
Working capital
€54k▲ 52.2%
2024 · €36k
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€10k-€6k▼ 38.6%€158k▲ 2,456%€-17k€18k
Net result€-3k-€2k€117k▲ 6,243%€-14k€18k
Equity€417k-€419k▲ 0.4%€536k▲ 27.9%€521k▼ 2.7%€539k▲ 3.4%
Total assets€794k-€753k▼ 5.2%€574k▼ 23.7%€548k▼ 4.6%€547k▼ 0.2%
Debt€377k-€334k▼ 11.5%€39k▼ 88.4%€27k▼ 31.0%€8k▼ 70.5%
Working capital€12k-€16k▲ 30.2%€124k▲ 703%€36k▼ 71.3%€54k▲ 52.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €18k after a loss of €17k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €547k
Fixed assets
€488k ▼ 0.2%
Current assets
€58k ▼ 0.3%
Equity and liabilities €547k
Equity
€539k ▲ 3.4%
Debt
€8k ▼ 70.5%
Debt's share of the balance-sheet total falls from 4.9% to 1.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€44k▲
2024 · €7k
Cash flow
€44k▲
2024 · €9k
Current ratio
14.65▲
2024 · 2.57
Debt to equity
0.01▼
2024 · 0.05
ROE
3.3%▲
2024 · -2.7%
ROA
3.2%▲
2024 · -2.6%
Interest coverage
818.34▲
2024 · 6.00
Debt ≤ 1 year
€4k▼
2024 · €23k
Income taxes
€1k
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €67k | €45k | €22k | €24k | €26k | ▲ 11.3% |
| Other operating charges640/8 | €4k | €6k | €7k | €2k | €2k | ▲ 1.3% |
| Gross operating margin9900 | €81k | €57k | €186k | €9k | €46k | ▲ 430% |
| Operating profit (loss)9901 | €10k | €6k | €158k | €-17k | €18k | ▲ 203% |
| Financial income75/76B | €2k | €5k | €4k | €4k | €1k | ▼ 73.0% |
| Recurring financial income75 | €2k | €5k | €4k | €4k | €1k | ▼ 73.0% |
| Financial charges65/66B | €15k | €9k | €7k | €1k | €54 | ▼ 95.1% |
| Recurring financial charges65 | €15k | €9k | €7k | €1k | €54 | ▼ 95.1% |
| Profit (loss) for the period before taxes9903 | €-3k | €2k | €155k | €-14k | €19k | ▲ 231% |
| Income taxes67/77 | - | - | €39k | - | €1k | - |
| Profit (loss) for the period9904 | €-3k | €2k | €117k | €-14k | €18k | ▲ 223% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €2k | €117k | €-14k | €18k | ▲ 223% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €794k | €753k | €574k | €548k | €547k | ▼ 0.2% |
| Fixed assets21/28 | €669k | €624k | €414k | €490k | €488k | ▼ 0.2% |
| Tangible fixed assets22/27 | €669k | €624k | €414k | €490k | €488k | ▼ 0.2% |
| Land and buildings22 | €536k | €518k | €341k | €429k | €440k | ▲ 2.6% |
| Plant, machinery and equipment23 | €133k | €105k | €73k | €60k | €48k | ▼ 20.5% |
| Current assets29/58 | €125k | €129k | €160k | €59k | €58k | ▼ 0.3% |
| Amounts receivable after more than one year29 | €100k | €100k | €100k | €50k | €612 | ▼ 98.8% |
| Trade receivables290 | - | €100k | €100k | €50k | €612 | ▼ 98.8% |
| Other amounts receivable291 | €100k | - | - | - | - | - |
| Amounts receivable within one year40/41 | - | - | €1k | €1k | €956 | ▼ 34.9% |
| Trade receivables40 | - | - | - | - | €956 | - |
| Other amounts receivable41 | - | - | €1k | €1k | - | - |
| Current investments50/53 | €25k | - | - | - | - | - |
| Cash at bank and in hand54/58 | - | €29k | €58k | €7k | €56k | ▲ 702% |
| Deferred charges and accrued income490/1 | - | - | €298 | - | €317 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €794k | €753k | €574k | €548k | €547k | ▼ 0.2% |
| Equity10/15 | €417k | €419k | €536k | €521k | €539k | ▲ 3.4% |
| Contributions10/11 | €18k | €18k | €18k | €18k | €18k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €397k | €399k | €516k | €501k | €519k | ▲ 3.5% |
| Amounts payable17/49 | €377k | €334k | €39k | €27k | €8k | ▼ 70.5% |
| Amounts payable after more than one year17 | €264k | €219k | - | - | - | - |
| Financial debts170/4 | €264k | €219k | - | - | - | - |
| Amounts payable within one year42/48 | €114k | €114k | €36k | €23k | €4k | ▼ 82.5% |
| Current portion of amounts payable after more than one year42 | €52k | €49k | - | - | - | - |
| Financial debts43 | - | - | €4k | - | - | - |
| Other loans439 | - | - | €4k | - | - | - |
| Trade debts44 | €2k | €5k | €2k | €3k | €3k | ▼ 0.6% |
| Suppliers440/4 | €2k | €5k | €2k | €3k | €3k | ▼ 0.6% |
| Taxes, remuneration and social security45 | - | - | - | - | €1k | - |
| Taxes450/3 | - | - | - | - | €1k | - |
| Other amounts payable47/48 | €59k | €59k | €29k | €20k | €282 | ▼ 98.6% |
| Accrued charges and deferred income492/3 | - | €2k | €3k | €4k | €4k | ▼ 1.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €2k | €117k | €-14k | €18k | ▲ 223% |
| + Depreciation and write-downs630 | €67k | €45k | €22k | €24k | €26k | ▲ 11.3% |
| Operating cash flow (approximation) | €64k | €47k | €138k | €9k | €44k | ▲ 366% |
| Investment in fixed assets (approximation) | - | €0 | €188k | €-99k | €-25k | ▲ 74.5% |
| Change in cash | - | - | €29k | €-51k | €49k | ▲ 196% |
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
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 14 days late
2025
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
31-12
Financial
Liquidity times 6current ratio 14.65
Current ratio from 2.57 to 14.65; short-term debt falls from €23k to €4k.
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-12
Financial
Highest result since 2021net €117k ▲6,243%
Operating result €158k, net result €117k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 4.49
Current ratio from 1.14 to 4.49; short-term debt falls from €114k to €36k.
31-12
Financial
Equity above €500kEq €536k ▲27.9%
2 profitable years in a row build equity to €536k.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
27-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 119 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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 · 1 establishment unit since 2020
Ground area
1.5 ha
Building footprint
876 m²
Volume, LiDAR
17,783 m³
Parcel 21819C0145/00R003, Brussels · tallest building 24.3 m, ±7 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
GRATIAM
since 20202.311.788.429
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21819C0145/00R003 | Brussels | 1.5 ha | 1 · 876 m² | 24.3 m · 7 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded24-12-2020
Fiscal year end31-12
Contact
E-mail
alex.george@skynet.be
Phone
0476275850
Scores and ratios are computed by Checked and are not a credit decision.