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Gravaubel

Active
Public limited companyfounded 194184 yrs activeAvenue de l'Indépendance 83, 4020 Liège, BelgiumKBO/BCE: BE 0402.404.104
Summary

Gravaubel has been active since 1941 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.0m and a net result of €830,489. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 63% of 374 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisWatch ReportCompare
GravaubelActiveChecked score 89/100
Risk analysis ReportCompare

Overview

Activity
Construction of roads and motorways
NACE 42110NACE 45230
#1 oldest company in the province of Liège, Construction sector1 site
Size
€40.8mturnover 2025
Staff
61.9 FTE
Equity
€9.0m
Profit
€830,489
Financial health
89 Excellent Checked score 2025
Bankruptcy chance 12 m
0.2%
Structure
Parent
JOLY SA · 90%
Holdings
1
Accounts 31 d early0 of 14 deeds read
Why 89- Liquidity: current ratio 1.79, cash €53,077+ Founded in 1941+ Size: turnover €40.8m, 61.9 FTE, total assets €18.1m+ Profit of €830,489 (FY 2025)Show the evidence

Checked score

Score 2025
89 / 100
Excellent
Probability in this band: under 0.55%
Better than 45% of its sector peers (NACE 42, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 75+9
equity 49.6% of total assets
Liquidity 29+5
short-term debt 43.6% · cash 0.3%
Profitability 65+2
return on assets 4.6%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (105 companies)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● 0.0% vs 11-2024 01-2025: 0.3%● 0.0% vs 12-2024 02-2025: 0.3%▼ -3.8% vs 01-2025 03-2025: 0.3%▲ +1.7% vs 02-2025 04-2025: 0.3%▲ +2.0% vs 03-2025 05-2025: 0.3%▲ +4.8% vs 04-2025 06-2025: 0.3%▲ +0.6% vs 05-2025 07-2025: 0.3%▲ +5.2% vs 06-2025 08-2025: 0.3%● 0.0% vs 07-2025 09-2025: 0.3%● 0.0% vs 08-2025 10-2025: 0.3%● 0.0% vs 09-2025 11-2025: 0.3%● 0.0% vs 10-2025 12-2025: 0.3%● 0.0% vs 11-2025 01-2026: 0.3%● 0.0% vs 12-2025 02-2026: 0.3%▼ -3.8% vs 01-2026 03-2026: 0.3%▲ +1.5% vs 02-2026 04-2026: 0.3%▲ +1.8% vs 03-2026 05-2026: 0.4%▲ +3.2% vs 04-2026 06-2026: 0.4%▲ +2.3% vs 05-2026highest value 07-2026: 0.2%▼ -55.2% vs 06-2026lowest value 08-2026: 0.2%● 0.0% vs 07-2026lowest value 09-2026: 0.2%● 0.0% vs 08-2026lowest value 10-2026: 0.2%● 0.0% vs 09-2026lowest value
  • Liquidity: current ratio 1.79, cash €53,077 raises the probability
  • Founded in 1941 lowers the probability for this profile
  • Size: turnover €40.8m, 61.9 FTE, total assets €18.1m lowers the probability for this profile
  • Profit of €830,489 (FY 2025) lowers the probability
Credit up to €750,000 at 30 days acceptable
Liquidity ample (current ratio 1.79 against 1.51 in 2024; short-term debt: 43.6% and cash: 0.3% of total assets), but 50.4% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 42, medium-sized). Better than this share of them on solvency 67%, liquidity 38%, profitability 38%, growth against the median 37%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 1.79, cash €53,077
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 1941
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Size: turnover €40.8m, 61.9 FTE, total assets €18.1m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Profit of €830,489 (FY 2025)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €9.0m
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
31 d early
2024
43 d early
2023
44 d early
2022
32 d early
2021
26 d early
2020
24 d early
2019
1 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 29 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% of the sector filed late.

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. Usually files around 29 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
06-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Annual accounts filedfiscal year 2024 · full…
  3. Annual accounts filedfiscal year 2023 · full…

Key points

  • Positive: Oldest company in the province of Liège, Construction…in the Checked rankings #1 View
  • Positive: 5 years of growth in a rowturnover 2025: €40.8m 5 years View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Controlled by JOLY SAultimately: JOLY 90% View
  • Active since 1941founded 31-12-1941 84 years View
  • Positive: Result rose in 2025from €597,940 to €830,489 ▲ 38.9% View

By topic

Financials

Fiscal year
2025
Turnover
€40.8m
Profit
€830,489
Solvency
49.6%
Turnover▲ 1.9%
Net result
20182025
Go to Financials

Timeline

Events
11
Since
2017
Next accounts
by 31-07-2027
  1. 30-06-2026Annual accounts filed
  2. 18-06-2025Annual accounts filed
  3. 17-06-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Construction of roads and motorwaysNACE 42110
Founded
31-12-1941
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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