GRAUX
ActiveGRAUX has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.72M and a net result of €1.35M. Equity is growing by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 45% of 669 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
86
/ 100
Excellent▼ -3 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency77▲+7
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €230k at 30 days acceptable
Liquidity ample (current ratio 1.56 against 1.45 in 2024), but 57.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 25
Relative position
BE, all sectors
reference
Sector 25
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
42.3%
Return on assets
21%
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 23-04-2026, 99 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
99 d early
2024
28 d early
2023
40 d early
2022
34 d early
2021
68 d early
2020
100 d early
2019
104 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1.35M▼ 33.5%
2024 · €2.03M
2019: €748k
2020: €872k
2021: €1.24M
2022: €813k
2023: €1.44M
2024: €2.03M
2019 → 2025
Working capital
€1.93M▲ 17.4%
2024 · €1.65M
2019: €1.55M
2020: €2.96M
2021: €2.78M
2022: €2.04M
2023: €1.79M
2024: €1.65M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.86M-€2.35M▼ 18.0%€2.30M▼ 2.1%€2.52M▲ 9.7%€2.72M▲ 7.8%
Operating result€594k-€949k▲ 59.9%€1.34M▲ 41.2%€2.58M▲ 92.8%€1.68M▼ 35.2%
Net result€1.24M-€813k▼ 34.3%€1.44M▲ 76.9%€2.03M▲ 41.2%€1.35M▼ 33.5%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 35% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.43M
Fixed assets
€1.05M▼ 19.7%
Current assets
€5.39M▲ 2.0%
Equity and liabilities €6.43M
Equity
€2.72M▲ 7.8%
Debt
€3.71M▼ 8.6%
The debt ratio falls from 61.7% to 57.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€2.07M▼
2024 · €2.95M
Cash flow
€1.75M▼
2024 · €2.40M
Solvency
42.3%▲
2024 · 38.3%
Current ratio
1.56▲
2024 · 1.45
Quick ratio
1.49▲
2024 · 1.36
Debt / equity
1.37▼
2024 · 1.61
ROE
49.7%▼
2024 · 80.7%
ROA
21.0%▼
2024 · 30.9%
Interest coverage
144.95▲
2024 · 135.40
Debt
€3.71M▼
2024 · €4.06M
Debt ≤ 1 year
€3.45M▼
2024 · €3.63M
Debt > 1 year
€241k▼
2024 · €410k
Income taxes
€440k▼
2024 · €651k
Staff costs
€2.23M▼
2024 · €2.28M
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€6.58M€6.43M▼
Fixed assets21/28€1.30M€1.05M▼
Tangible fixed assets22/27€1.30M€1.04M▼
Plant, machinery and equipment23€790k€617k▼
Furniture and vehicles24€221k€165k▼
Other tangible fixed assets26€289k€262k▼
Financial fixed assets28€2k€2k=
Current assets29/58€5.28M€5.39M▲
Stocks and contracts in progress3€349k€229k▼
Stocks30/36€120k€119k▼
Contracts in progress37€229k€111k▼
Amounts receivable within one year40/41€1.25M€2.11M▲
Trade receivables40€1.17M€1.98M▲
Other amounts receivable41€76k€137k▲
Current investments50/53€2.82M€2.04M▼
Cash at bank and in hand54/58€857k€978k▲
Deferred charges and accrued income490/1€10k€27k▲
Equity and liabilities
Total equity and liabilities10/49€6.58M€6.43M▼
Equity10/15€2.52M€2.72M▲
Contributions10/11€244k€244k=
Capital10€244k€244k=
Issued capital100€244k€244k=
Reserves13€2.27M€2.47M▲
Non-distributable reserves130/1€24k€24k=
Legal reserve130€24k€24k=
Tax-exempt reserves132€151k€151k=
Distributable reserves133€2.10M€2.30M▲
Investment grants15€4k-
Amounts payable17/49€4.06M€3.71M▼
Amounts payable after more than one year17€410k€241k▼
Financial debts170/4€410k€241k▼
Amounts payable within one year42/48€3.63M€3.45M▼
Current portion of amounts payable after more than one year42€206k€169k▼
Trade debts44€437k€480k▲
Suppliers440/4€437k€480k▲
Advances received on contracts in progress46€758k€1.03M▲
Taxes, remuneration and social security45€432k€625k▲
Taxes450/3€41k€88k▲
Remuneration and social security454/9€391k€537k▲
Other amounts payable47/48€1.80M€1.15M▼
Accrued charges and deferred income492/3€19k€19k▲
Income statement
Code20242025
Remuneration, social security and pensions62€2.28M€2.23M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€366k€397k▲
Other operating charges640/8€19k€12k▼
Gross operating margin9900€5.25M€4.31M▼
Operating profit (loss)9901€2.58M€1.68M▼
Financial income75/76B€121k€130k▲
Recurring financial income75€121k€130k▲
Financial charges65/66B€22k€14k▼
Recurring financial charges65€22k€14k▼
Profit (loss) for the period before taxes9903€2.68M€1.79M▼
Income taxes67/77€651k€440k▼
Profit (loss) for the period9904€2.03M€1.35M▼
Profit (loss) for the period to be appropriated9905€2.03M€1.35M▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.98M€1.35M▼
Profit (loss) brought forward from the previous period14P€943k-
Transfer to equity691/2€1.17M€201k▼
To other reserves6921€1.17M€201k▼
Profit to be distributed694/7€1.80M€1.15M▼
Return on contributions (dividend)694€1.80M€1.15M▼
Social balance
Average headcount (FTE)908736.633.3▼
The notes to these accounts (21 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
23-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2019net €2.03M ▲41.2%
Operating result €2.58M, net result €2.03M, both a record.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
21-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
31-08
Financial
Equity above €2MEq €3.00M ▲90%
2 profitable years in a row build equity to €3.00M.
2019
18-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
16-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
14 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, Momignies · 1 establishment unit since 1981
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.
Zone Industrielle 36590 MomigniesGround area
4,584 m²
Parcel 56051B0101/00S006, Wallonia. Linked by address, not a title deed.
1 establishment unit
Zone Industrielle, 6590 Momignies
since 19812.035.218.564
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56051B0101/00S006 | Wallonia | 4,584 m² | - | - |
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.
Similar companies · same sector, comparable size
REAL CORPORATION
BE 0413.888.211
Sint-Gillis-Waas · Eq €2.72M
Lauwers ramen & deuren
BE 0438.201.359
Hamont-Achel · Eq €2.75M
VERLINDEN METAALBEWERKING
BE 0426.551.758
Westerlo · Eq €2.66M
M.D.M. INDUSTRIE
BE 0443.178.053
Ciney · Eq €2.78M
PAMO METAALCONSTRUCTIES & ENGINEERING
BE 0412.718.271
Dendermonde · Eq €2.79M
Of 3,964 companies in sector 25110 we hold annual accounts for 2,133. 925 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-10-1981
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
28110
28990Manufacture of machinery and equipment not elsewhere classified
29564
Sources
Crossroads Bank for EnterprisesNational Bank · 43 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.