GRAVIMMO
ActiveSummary
GRAVIMMO has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.0m and a net result of -€628,160. Equity is growing by ~16% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability13▼-1
Solvency36▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity ample (current ratio 6.89 against 9.29 in 2023; short-term debt: 4.7% of total assets), but 89.3% of the assets are financed with debt.
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Signals
Seven 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 · 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 2024Solvency, return and age of the figures
Solvency
10.7%
Return on assets
-6.5%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€628,160
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 23-06-2026, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 d early
2024
14 d early
2023
23 d early
2022
70 d early
2021
5 d early
2020
1 d early
2019
52 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 29 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 9 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€1.0m▼ 37.5%
2023 · €1.7m
Total assets
€9.7m▼ 27.8%
2023 · €13.5m
Net result
-€628,160▲ 7.7%
2023 · -€680,368
Working capital
€2.7m▼ 44.8%
2023 · €4.9m
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
Line20202021202220232024
Operating result-€12,702▲ 1.1%€2.3m€330,741▼ 85.7%-€38,932€34,302
Net result-€8,756▲ 31.1%€1.8m€81,343▼ 95.4%-€680,368-€628,160▲ 7.7%
Equity€487,890▼ 1.8%€2.3m▲ 366%€2.4m▲ 3.6%€1.7m▼ 28.9%€1.0m▼ 37.5%
Total assets€1.3m▲ 104%€11.4m▲ 787%€13.7m▲ 19.8%€13.5m▼ 1.8%€9.7m▼ 27.8%
Debt€802,978▲ 493%€8.7m▲ 983%€10.9m▲ 25.4%€11.4m▲ 4.2%€8.3m▼ 27.3%
Working capital-€777,813▼ 1,043%€5.1m€6.3m▲ 22.9%€4.9m▼ 22.7%€2.7m▼ 44.8%
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 2024: €34,302 after a loss of €38,932 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €9.7m
Fixed assets
€6.6m ▼ 17.9%
Current assets
€3.1m ▼ 42.4%
Equity and liabilities €9.7m
Equity
€1.0m ▼ 37.5%
Provisions
€424,239 ▼ 4.1%
Debt
€8.3m ▼ 27.3%
Debt's share of the balance-sheet total rises from 84.3% to 84.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€208,222▲
2023 · €160,739
Cash flow
-€454,239▲
2023 · -€480,697
Current ratio
6.89▼
2023 · 9.29
Quick ratio
0.40▼
2023 · 0.51
Debt to equity
7.90▲
2023 · 6.79
ROE
-60.1%▼
2023 · -40.7%
ROA
-6.5%▼
2023 · -5.1%
Interest coverage
0.30▲
2023 · 0.24
Debt ≤ 1 year
€455,685▼
2023 · €586,164
Debt > 1 year
€7.8m▼
2023 · €10.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.
- Medium-sized
- 20 years or older
- solvency 10 to 30%
- a small loss
0.5%
went bankrupt
2.2%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 370 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2.4m | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €56,708 | €25,381 | €166,847 | €199,671 | €173,921 | ▼ 12.9% |
| Other operating charges640/8 | - | €25,389 | €44,347 | €62,901 | €104,979 | ▲ 66.9% |
| Gross operating margin9900 | €63,611 | €2.4m | €541,935 | €223,640 | €313,202 | ▲ 40.0% |
| Operating profit (loss)9901 | -€12,702 | €2.3m | €330,741 | -€38,932 | €34,302 | ▲ 188% |
| Financial income75/76B | - | €0 | €0 | €4 | €3,925 | ▲ 97,047% |
| Recurring financial income75 | €2 | €0 | €0 | €4 | €3,925 | ▲ 97,047% |
| Financial charges65/66B | - | €57,645 | €258,102 | €659,437 | €684,383 | ▲ 3.8% |
| Recurring financial charges65 | €1,149 | €57,645 | €258,102 | €659,437 | €684,383 | ▲ 3.8% |
| Profit (loss) for the period before taxes9903 | -€8,766 | €2.3m | €72,639 | -€698,365 | -€646,157 | ▲ 7.5% |
| Transfer from deferred taxes780 | - | €3,156 | €17,997 | €17,997 | €17,997 | = |
| Transfer to deferred taxes680 | - | €481,385 | - | - | - | - |
| Income taxes67/77 | -€10 | €351 | €9,293 | - | - | - |
| Profit (loss) for the period9904 | -€8,756 | €1.8m | €81,343 | -€680,368 | -€628,160 | ▲ 7.7% |
| Transfer from tax-exempt reserves789 | - | €12,623 | €71,988 | €71,988 | €71,988 | = |
| Transfer to tax-exempt reserves689 | - | €1.9m | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€8,756 | -€128,914 | €153,331 | -€608,380 | -€556,172 | ▲ 8.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €11.4m | €13.7m | €13.5m | €9.7m | ▼ 27.8% |
| Fixed assets21/28 | €1.3m | €5.9m | €7.4m | €8.0m | €6.6m | ▼ 17.9% |
| Tangible fixed assets22/27 | €519,158 | €5.1m | €6.6m | €7.3m | €5.8m | ▼ 19.8% |
| Land and buildings22 | - | €5.1m | €6.5m | €7.2m | €5.7m | ▼ 20.4% |
| Furniture and vehicles24 | - | - | - | - | €18,612 | - |
| Other tangible fixed assets26 | - | €57,797 | €66,149 | €74,848 | €82,662 | ▲ 10.4% |
| Financial fixed assets28 | €750,026 | €750,000 | €750,000 | €750,000 | €750,000 | = |
| Current assets29/58 | €21,684 | €5.6m | €6.4m | €5.4m | €3.1m | ▼ 42.4% |
| Stocks and contracts in progress3 | - | €4.9m | €5.4m | €5.1m | €3.0m | ▼ 42.6% |
| Stocks30/36 | - | €4.9m | €5.4m | €5.1m | €3.0m | ▼ 42.6% |
| Amounts receivable within one year40/41 | - | €505,410 | €886,106 | €201,205 | €147,835 | ▼ 26.5% |
| Trade receivables40 | - | - | €10,276 | €192 | €127,023 | ▲ 66,023% |
| Other amounts receivable41 | - | €505,410 | €875,830 | €201,013 | €20,812 | ▼ 89.6% |
| Current investments50/53 | - | - | - | - | €12,038 | - |
| Cash at bank and in hand54/58 | €19,057 | €170,726 | €21,573 | €46,829 | - | - |
| Deferred charges and accrued income490/1 | - | €6,310 | €78,018 | €49,420 | €20,194 | ▼ 59.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €11.4m | €13.7m | €13.5m | €9.7m | ▼ 27.8% |
| Equity10/15 | €487,890 | €2.3m | €2.4m | €1.7m | €1.0m | ▼ 37.5% |
| Contributions10/11 | €447,000 | €447,000 | €447,000 | €447,000 | €447,000 | = |
| Capital10 | - | €447,000 | €447,000 | €447,000 | €447,000 | = |
| Issued capital100 | - | €447,000 | €447,000 | €447,000 | €447,000 | = |
| Reserves13 | €40,890 | €2.0m | €1.9m | €1.8m | €1.7m | ▼ 4.0% |
| Non-distributable reserves130/1 | - | €14,325 | €15,545 | €15,545 | €15,545 | = |
| Legal reserve130 | - | €14,325 | €15,545 | €15,545 | €15,545 | = |
| Tax-exempt reserves132 | - | €1.9m | €1.8m | €1.8m | €1.7m | ▼ 4.1% |
| Distributable reserves133 | - | €26,565 | €26,565 | €26,565 | €26,565 | = |
| Profit (loss) carried forward14 | -€12,977 | -€128,914 | €23,197 | -€585,183 | -€1.1m | ▼ 95.0% |
| Provisions and deferred taxes16 | - | €478,230 | €460,233 | €442,236 | €424,239 | ▼ 4.1% |
| Deferred taxes168 | - | €478,230 | €460,233 | €442,236 | €424,239 | ▼ 4.1% |
| Amounts payable17/49 | €802,978 | €8.7m | €10.9m | €11.4m | €8.3m | ▼ 27.3% |
| Amounts payable after more than one year17 | - | €8.2m | €10.8m | €10.7m | €7.8m | ▼ 27.8% |
| Financial debts170/4 | - | €8.2m | €10.8m | €10.7m | €7.7m | ▼ 28.0% |
| Other amounts payable178/9 | - | €12,840 | €47,511 | €15,560 | €38,074 | ▲ 145% |
| Amounts payable within one year42/48 | €799,497 | €456,299 | €79,661 | €586,164 | €455,685 | ▼ 22.3% |
| Current portion of amounts payable after more than one year42 | - | - | €37,974 | €427,942 | €378,779 | ▼ 11.5% |
| Financial debts43 | - | €448,439 | - | - | - | - |
| Credit institutions430/8 | - | €448,439 | - | - | - | - |
| Trade debts44 | €497 | €7,860 | €32,394 | €148,929 | €43,841 | ▼ 70.6% |
| Suppliers440/4 | - | €7,860 | €32,394 | €148,929 | €43,841 | ▼ 70.6% |
| Advances received on contracts in progress46 | - | - | €9,293 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €9,293 | €33,065 | ▲ 256% |
| Taxes450/3 | - | - | - | €9,293 | €33,065 | ▲ 256% |
| Accrued charges and deferred income492/3 | - | - | €1,342 | €23,319 | €36,571 | ▲ 56.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,756 | €1.8m | €81,343 | -€680,368 | -€628,160 | ▲ 7.7% |
| + Depreciation and write-downs630 | €56,708 | €25,381 | €166,847 | €199,671 | €173,921 | ▼ 12.9% |
| Operating cash flow (approximation) | €47,951 | €1.8m | €248,191 | -€480,697 | -€454,239 | ▲ 5.5% |
| Investment in fixed assets (approximation) | - | -€4.6m | -€1.6m | -€871,540 | €1.3m | ▲ 245% |
| Change in cash | - | €151,668 | -€149,152 | €25,256 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€680,368
Net result drops to -€680,368, the lowest in the series; recovery starts the following year.
22-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity times 7current ratio 79.90
Current ratio from 12.21 to 79.90; short-term debt falls from €456,299 to €79,661.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €1.8m
Net result €1.8m after 3 loss-making years.
31-12
Financial
Liquidity times 450current ratio 12.21
Current ratio from 0.03 to 12.21; short-term debt falls from €799,497 to €456,299.
31-12
Financial
Equity above €2mEq €2.3m ▲366%
Equity rises from €487,890 to €2.3m.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Elsene · 1 establishment unit since 1987
Ground area
1,833 m²
Building footprint
1,831 m²
Volume, LiDAR
45,608 m³
Parcel 21822R0224/00S007, Brussels · tallest building 45.6 m, ±8 floors. Linked by address, not a title deed.
157
companies at this address
See who is registered here
1 establishment unit
Louizalaan 489, 1050 Elsene
since 19872.032.901.353
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0224/00S007 | Brussels | 1,833 m² | 1 · 1,831 m² | 45.6 m · 8 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.
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- DV COMPANY
- GRAVIMMO
Highest known parent: DV COMPANY. The sources do not say who stands above it.
Owners 1
- DV COMPANYparentSourceaccounts DV COMPANY 2024100%
Holdings 1
-
9.4%
According to the 2024 annual accounts of GRAVIMMO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
98450099ECR8E590B358
Identification & contact
Identification
Legal formPublic limited company
Founded16-03-1987
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0430715830
Registered
06-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.