GRAY WOLF CONSULTING
ActiveSummary
GRAY WOLF CONSULTING has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1,726) and a net result of -€33,058. Equity is shrinking by ~33.2% per year across the filed fiscal years. Its solvency ranks better than 9% of 17220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency22▼-31
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.58 against 0.96 in 2024; short-term debt: 94.6% and cash: 31.7% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 2025Solvency, return and age of the figures
Solvency
-2.6%
Return on assets
-49.5%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year -€1,726
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
56 d late
2023
141 d late
2022
31 d late
2021
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 46 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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 31 August (4 of the last 5 filed years within 62 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 2025, micro schema
Equity
-€1,726
2024 · €31,332
Total assets
€66,757▼ 40.3%
2024 · €111,832
Net result
-€33,058▲ 40.6%
2024 · -€55,652
Working capital
-€26,792▼ 947%
2024 · -€2,559
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€64,978-€27,498▼ 57.7%€16,068▼ 41.6%-€53,084-€31,830▲ 40.0%
Net result€51,361above the sector's middle half-€20,827within the sector's middle half▼ 59.4%€10,595within the sector's middle half▼ 49.1%-€55,652below the sector's middle half-€33,058below the sector's middle half▲ 40.6%
Equity€55,561within the sector's middle half-€76,389within the sector's middle half▲ 37.5%€86,984within the sector's middle half▲ 13.9%€31,332within the sector's middle half▼ 64.0%-€1,726below the sector's middle half
Total assets€78,581within the sector's middle half-€142,836within the sector's middle half▲ 81.8%€161,761within the sector's middle half▲ 13.2%€111,832within the sector's middle half▼ 30.9%€66,757below the sector's middle half▼ 40.3%
Debt€23,020-€66,447▲ 189%€74,778▲ 12.5%€80,500▲ 7.7%€68,483▼ 14.9%
Working capital€47,419within the sector's middle half-€40,746within the sector's middle half▼ 14.1%€51,772within the sector's middle half▲ 27.1%-€2,559below the sector's middle half-€26,792below the sector's middle half▼ 947%
Solvency70.7%within the sector's middle half-53.5%within the sector's middle half▼ 17.2pp53.8%within the sector's middle half▲ 0.3pp28.0%below the sector's middle half▼ 25.8pp-2.6%below the sector's middle half▼ 30.6pp
Current ratio3.06within the sector's middle half-2.33within the sector's middle half▼ 0.732.06within the sector's middle half▼ 0.270.96below the sector's middle half▼ 1.100.58below the sector's middle half▼ 0.38
Return on assets (ROA)65.4%above the sector's middle half-14.6%within the sector's middle half▼ 50.8pp6.5%within the sector's middle half▼ 8.0pp-49.8%below the sector's middle half▼ 56.3pp-49.5%below the sector's middle half▲ 0.2pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €31,830 in 2025 against €53,084 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €66,757
Fixed assets
€30,380 ▼ 38.8%
Current assets
€36,377 ▼ 41.5%
Key figures and ratios
EBITDA
-€12,097▲
2024 · -€32,957
Cash flow
-€13,326▲
2024 · -€35,525
Debt to equity
-39.68▼
2024 · 2.57
Interest coverage
-11.91▲
2024 · -13.19
Debt ≤ 1 year
€63,169▼
2024 · €64,774
Debt > 1 year
€5,314▼
2024 · €15,726
Income taxes
€213▲
2024 · €199
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,010 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.9%
went bankrupt
8.4%
stopped otherwise
83%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.7% 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 6,010 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,202 | €10,614 | €18,176 | €20,127 | €19,732 | ▼ 2.0% |
| Other operating charges640/8 | €199 | €20 | €2,230 | €7,439 | €1,262 | ▼ 83.0% |
| Non-recurring operating charges66A | - | - | - | - | €820 | - |
| Gross operating margin9900 | €69,379 | €38,131 | €36,475 | -€25,518 | -€10,016 | ▲ 60.7% |
| Operating profit (loss)9901 | €64,978 | €27,498 | €16,068 | -€53,084 | -€31,830 | ▲ 40.0% |
| Financial income75/76B | €1 | - | - | €129 | €0 | ▼ 100% |
| Recurring financial income75 | €1 | - | - | €129 | €0 | ▼ 100% |
| Financial charges65/66B | €131 | €1,057 | €1,572 | €2,499 | €1,016 | ▼ 59.4% |
| Recurring financial charges65 | €131 | €1,057 | €1,572 | €2,499 | €1,016 | ▼ 59.4% |
| Profit (loss) for the period before taxes9903 | €64,847 | €26,440 | €14,496 | -€55,454 | -€32,845 | ▲ 40.8% |
| Income taxes67/77 | €13,486 | €5,613 | €3,902 | €199 | €213 | ▲ 7.1% |
| Profit (loss) for the period9904 | €51,361 | €20,827 | €10,595 | -€55,652 | -€33,058 | ▲ 40.6% |
| Profit (loss) for the period to be appropriated9905 | €51,361 | €20,827 | €10,595 | -€55,652 | -€33,058 | ▲ 40.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €78,581 | €142,836 | €161,761 | €111,832 | €66,757 | ▼ 40.3% |
| Formation expenses20 | - | - | €0 | €0 | - | - |
| Fixed assets21/28 | €8,142 | €71,355 | €61,069 | €49,617 | €30,380 | ▼ 38.8% |
| Tangible fixed assets22/27 | €7,942 | €71,355 | €61,069 | €49,617 | €30,380 | ▼ 38.8% |
| Plant, machinery and equipment23 | €2,538 | €3,680 | €5,566 | €3,258 | €1,128 | ▼ 65.4% |
| Furniture and vehicles24 | €5,404 | €67,676 | €55,504 | €46,358 | €29,252 | ▼ 36.9% |
| Financial fixed assets28 | €200 | - | - | - | - | - |
| Current assets29/58 | €70,439 | €71,481 | €100,692 | €62,215 | €36,377 | ▼ 41.5% |
| Amounts receivable within one year40/41 | €3,940 | €44,385 | €55,295 | €48,304 | €13,523 | ▼ 72.0% |
| Trade receivables40 | €2,106 | €44,365 | €55,291 | €42,326 | €13,518 | ▼ 68.1% |
| Other amounts receivable41 | €1,835 | €19 | €4 | €5,978 | €4 | ▼ 99.9% |
| Cash at bank and in hand54/58 | €65,616 | €26,164 | €43,870 | €12,286 | €21,151 | ▲ 72.2% |
| Deferred charges and accrued income490/1 | €882 | €932 | €1,527 | €1,625 | €1,704 | ▲ 4.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €78,581 | €142,836 | €161,761 | €111,832 | €66,757 | ▼ 40.3% |
| Equity10/15 | €55,561 | €76,389 | €86,984 | €31,332 | -€1,726 | ▼ 106% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €50,561 | €71,389 | €81,984 | €26,332 | €26,332 | = |
| Distributable reserves133 | €50,561 | €71,389 | €81,984 | €26,332 | €26,332 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€33,058 | - |
| Amounts payable17/49 | €23,020 | €66,447 | €74,778 | €80,500 | €68,483 | ▼ 14.9% |
| Amounts payable after more than one year17 | - | €35,712 | €25,857 | €15,726 | €5,314 | ▼ 66.2% |
| Financial debts170/4 | - | €35,712 | €25,857 | €15,726 | €5,314 | ▼ 66.2% |
| Amounts payable within one year42/48 | €23,020 | €30,735 | €48,921 | €64,774 | €63,169 | ▼ 2.5% |
| Current portion of amounts payable after more than one year42 | - | €9,592 | €9,855 | €10,131 | €10,412 | ▲ 2.8% |
| Trade debts44 | €5,808 | €346 | €5,406 | €4,590 | €499 | ▼ 89.1% |
| Suppliers440/4 | €5,808 | €346 | €5,406 | €4,590 | €499 | ▼ 89.1% |
| Advances received on contracts in progress46 | - | - | - | €249 | €249 | = |
| Taxes, remuneration and social security45 | €16,489 | €20,797 | €31,622 | €49,804 | €24,312 | ▼ 51.2% |
| Taxes450/3 | €13,486 | €20,797 | €29,122 | €47,189 | €22,473 | ▼ 52.4% |
| Remuneration and social security454/9 | €3,003 | - | €2,500 | €2,615 | €1,839 | ▼ 29.7% |
| Other amounts payable47/48 | €723 | - | €2,039 | - | €27,697 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51,361 | €20,827 | €10,595 | -€55,652 | -€33,058 | ▲ 40.6% |
| + Depreciation and write-downs630 | €4,202 | €10,614 | €18,176 | €20,127 | €19,732 | ▼ 2.0% |
| Operating cash flow (approximation) | €55,563 | €31,442 | €28,771 | -€35,525 | -€13,326 | ▲ 62.5% |
| Investment in fixed assets (approximation) | - | -€73,827 | -€7,890 | -€8,675 | -€495 | ▲ 94.3% |
| Change in cash | - | -€39,452 | €17,706 | -€31,584 | €8,865 | ▲ 128% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
31-12
Financial
Weakest financial yearnet -€55,652
Net result drops to -€55,652, the lowest in the series; recovery starts the following year.
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 141 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
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, Aarschot · 1 establishment unit since 2020
Ground area
1,126 m²
Building footprint
119 m²
Volume, LiDAR
654 m³
Parcel 24092D0002/00S000, Flanders · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GRAY WOLF CONSULTING
since 20202.301.499.895
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24092D0002/00S000 | Flanders | 1,126 m² | 1 · 119 m² | 6.4 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
699400AHOIDST6ZL4T44
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Of 16,913 companies in sector 62100 we hold annual accounts for 8,786. 6,395 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-04-2020
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
63910Web portal activities
63920Other information service activities
95100Repair and maintenance of computers and communication equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0746371052
Registered
14-07-2026
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.