GRAVITY
ActiveSummary
GRAVITY has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€26,704) and a net result of -€36,843. Equity has been shrinking by about 30% per year since 2018. Its solvency ranks better than 6% of 9,848 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 16-04-2013 Normal situation
- Registered office
- 18 active companies are registered at this address 2 started in the 12 months before. Source: KBO register, as of 3 November 2026.
- Activity
- Wholesale trade NACE 46419and 4 others
- Establishment unit
- 2.234.787.453 1040 Etterbeek, since 16-04-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 08-01-2026
Board and ownership
- CHAMPEAUX ChristianManaging director
- Jean-Luc HEUZERManaging director
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.6%
- Gross margin
- -€25,857
- Loss
- €36,843
- ▲ 200%
- Equity
- -€26,704
- Total assets
- €47,518
- ▼ 45.1%
- Negative equity on 31-12-2025
Score breakdownraises riskCapped at 59: negative equityNegative equity -€26,704Loss of €36,843, the second in a row (financial year 2025)lowers riskSize: total assets €47,518Liquidity: current ratio 0.64, cash €29,353Show the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 6% of them on solvency, 51% on liquidity, 6% on profitability and 1% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 35 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 12-06-2026 at the NBB all 12 filings
Amounts without an identifiable currency are taken as euros.
Every figure per financial year
The operating result for 2025 is a loss of €36,876, after a profit of €22,271 in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Financial fixed assets | - | - | €34,000 | €7,000 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,400 | - | - | - | - | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €90,258 | - | - | - | - |
| Other operating charges640/8 | - | - | - | - | - | €1,029 | €7,637 | €11,019 | ▲ 44.3% |
| Gross operating margin9900 | -€2,785 | €2,023 | -€235 | -€1,992 | -€10,449 | -€8,593 | €29,908 | -€25,857 | - |
| Operating profit (loss)9901 | -€28,703 | €1,773 | -€235 | -€1,992 | -€100,707 | -€9,622 | €22,271 | -€36,876 | - |
| Financial income75/76B | - | - | - | €57 | €114 | - | €576 | €1,302 | ▲ 126% |
| Recurring financial income75 | €6,000 | €6,757 | - | €57 | €114 | - | €576 | €1,302 | ▲ 126% |
| Financial charges65/66B | - | - | - | €37 | €42 | €56 | €35,109 | €1,269 | ▼ 96.4% |
| Recurring financial charges65 | €441 | €502 | €35 | €37 | €42 | €56 | €35,109 | €1,269 | ▼ 96.4% |
| Profit (loss) for the period before taxes9903 | -€23,144 | €8,028 | -€270 | -€1,972 | -€100,635 | -€9,678 | -€12,263 | -€36,843 | ▼ 200% |
| Income taxes67/77 | - | €114 | - | €13 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€23,144 | €7,914 | -€270 | -€1,984 | -€100,635 | -€9,678 | -€12,263 | -€36,843 | ▼ 200% |
| Profit (loss) for the period to be appropriated9905 | -€23,144 | €7,914 | -€270 | -€1,984 | -€100,635 | -€9,678 | -€12,263 | -€36,843 | ▼ 200% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €198,913 | €205,221 | €205,136 | €205,142 | €37,511 | €126,139 | €86,595 | €47,518 | ▼ 45.1% |
| Fixed assets21/28 | - | - | - | - | - | €34,000 | €41,000 | - | - |
| Financial fixed assets28 | - | - | - | - | - | €34,000 | €41,000 | - | - |
| Current assets29/58 | €198,913 | €205,221 | €205,136 | €205,142 | €37,511 | €92,139 | €45,595 | €47,518 | ▲ 4.2% |
| Amounts receivable within one year40/41 | €197,868 | €205,108 | €205,108 | €205,108 | €37,417 | €84,037 | €32,906 | €18,165 | ▼ 44.8% |
| Trade receivables40 | - | - | - | - | - | €42,280 | €17,796 | €16,724 | ▼ 6.0% |
| Other amounts receivable41 | - | - | - | €205,108 | €37,417 | €41,757 | €15,111 | €1,442 | ▼ 90.5% |
| Cash at bank and in hand54/58 | €794 | €113 | €28 | €34 | €94 | €8,102 | €12,689 | €29,353 | ▲ 131% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €198,913 | €205,221 | €205,136 | €205,142 | €37,511 | €126,139 | €86,595 | €47,518 | ▼ 45.1% |
| Equity10/15 | €127,054 | €134,968 | €134,698 | €132,714 | €32,079 | €22,402 | €10,139 | -€26,704 | - |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Non-distributable reserves130/1 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €58,854 | €66,768 | €66,498 | €64,514 | -€36,121 | -€45,798 | -€58,061 | -€94,904 | ▼ 63.5% |
| Amounts payable17/49 | €71,859 | €70,253 | €70,438 | €72,428 | €5,432 | €103,737 | €76,456 | €74,222 | ▼ 2.9% |
| Amounts payable within one year42/48 | €71,859 | €70,253 | €70,438 | €72,428 | €5,432 | €103,737 | €76,456 | €74,222 | ▼ 2.9% |
| Trade debts44 | €14,008 | €402 | €637 | €1,691 | €5,432 | €57,373 | €15,997 | €14,263 | ▼ 10.8% |
| Suppliers440/4 | - | - | - | €1,691 | €5,432 | €57,373 | €15,997 | €14,263 | ▼ 10.8% |
| Other amounts payable47/48 | - | - | - | €70,737 | - | €46,364 | €60,459 | €59,959 | ▼ 0.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€23,144 | €7,914 | -€270 | -€1,984 | -€100,635 | -€9,678 | -€12,263 | -€36,843 | ▼ 200% |
| + Depreciation and write-downs630 | €1,400 | - | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | -€21,744 | €7,914 | -€270 | -€1,984 | -€100,635 | -€9,678 | -€12,263 | -€36,843 | ▼ 200% |
| Investment in fixed assets (approximation) | - | - | - | - | - | - | -€7,000 | - | - |
| Change in cash | - | -€682 | -€85 | €6 | €61 | €8,008 | €4,587 | €16,664 | ▲ 263% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,907 companies had the same profile as GRAVITY has now. Two years later, 85.4% were still going and 5.8% had gone bankrupt.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of GRAVITY itself is lower: 0.6% within 12 months. It rests on far more data about GRAVITY than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,907 companies, not a prediction for GRAVITY. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 12-06-2026 | 2026-00156367 | |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00208855 | |
| 31-12-2023 | micro format | 15-06-2024 | 2024-00138006 | |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00403103 | |
| 31-12-2021 | micro format | 15-10-2022 | 2022-20469393 | |
| 31-12-2020 | micro format | 23-11-2021 | 2021-78300229 | |
| 31-12-2019 | micro format | 28-12-2020 | 2020-77200089 | |
| 31-12-2018 | micro format | 29-09-2019 | 2019-67200256 | |
| 31-12-2017 | full format | 25-09-2018 | 2018-64600377 | |
| 31-12-2016 | full format | 28-09-2017 | 2017-64600258 |
Board & ownership
Directors
Day-to-day management 2
Owners and capital
Capital transactions
- 14-10-2024 Capital stated in the deed · €62,000 · 620 shares
Mandate history
- Board
- Day-to-day management
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| CHAMPEAUX Christian |
|
| Jean-Luc HEUZER |
|
| COMPAGNIE FINANCIERE DES PALAIS D'OUTRE-PONTS |
|
| CHAPEAUX Christian |
|
| Jonathan Hendrickx |
|
| Noel COTTON |
|
Network & group
Connections & network
11 connected companiesShow 7 more companies with a shared director
Timeline
Acts, filings and financial milestones
03-09
Gazette deed
Resignation: COMPAGNIE FINANCIERE DES PALAIS D'OUTRE-PONTS NV (director)Permanent representative: Jean-Luc Heuzer3 points ▸
- General meeting, 06-06-2025
- Director resignation, COMPAGNIE FINANCIERE DES PALAIS D'OUTRE-PONTS NV (director)
- Permanent representative, Jean-Luc Heuzer
14-10
Gazette deed
Company renamed from GRAVITY FINANCE to GRAVITYRegistered office moved from Bruxelles to Etterbeek · New seat: Victor Jacobslaan 8-10, 1040 Etterbeek · Previous seat: Rue Jacques Jordaens 24, 1000 Bruxelles12 points ▸
- General meeting, 24-09-2024
- Registered-office move, Victor Jacobslaan 8-10,1040 Etterbeek
- Name change, GRAVITY
- Purpose change
- Amendment of the articles
- Capital, €62,000
- Director resignation, HENDRICKX Jonathan (director)
- Director appointment, CHAPEAUX Christian (director)
- Director appointment, HEUZER Jean-Luc (managing director)
- Director appointment, CHAMPEAUX Christian (managing director)
- Other provision, “volmacht voor coördinatie, zesde beslissing” (deed in French)
- Other provision, “machten aan bestuursorgaan, zevende beslissing” (deed in French)
06-01
Gazette deed
1 director appointed, 1 director resigning, 2 reappointedReappointments: COMPAGNIE FINANCIERE DES PALAIS D'OUTRE-PONTS (director) and Jonathan HENDRICKX (director) · Resignation: Noel COTTON (director) · Appointment: COMPAGNIE FINANCIERE DES PALAIS D'OUTRE-PONTS (managing director)7 points ▸
- General meeting, 04-06-2021
- Other provision, 04-06-2021, “expiry of administrator mandates” (deed in French)
- Director reappointment, COMPAGNIE FINANCIERE DES PALAIS D'OUTRE-PONTS (director)
- Director reappointment, Jonathan HENDRICKX (director)
- Director resignation, Noel COTTON (director)
- Board meeting, 04-06-2021
- Director appointment, COMPAGNIE FINANCIERE DES PALAIS D'OUTRE-PONTS (managing director)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21363B0406/00C015 | Brussels | 378 m² | 1 · 378 m² | 22.0 m · 6 |