Skip to content

GRAYCE

Active Private limited companyfounded 2019active for 7 yearsLinterpoortenlaan 189, 1980 ZemstKBO/BCE: BE 0736.350.952

Overview

Lifetime

6 annual accounts with figures on one time axis
peak €3,915 (2025)
€3,915▲ €4,220
lowest -€31,276 (2022)
€1,834▲ €5,969
peak €4,609 (2020)
-€55,614▲ €1,834
€64,184▲ 0.2%
Board2 names since 2019
1 directorVan Belle Mystica
Documentsfilings and deeds
16-06-202645 days before the deadline
2025micro format
Gross margin from -€306 to €3,915Back to profit: €1,834Cash from €1,679 to €6,533

Key points

from the 2025 annual accounts

Equity

-€55,614
202020212022202320242025

Debts exceed assets in financial year 2025.

Turnover

≈ €21,000 estimated

The micro format states no turnover.

Debts

€64,184 749% of the balance sheet
After one year 79%Within one year 21%

Of this, €13,529 falls due within a year.

Filings

6 annual accounts 1 late
AprilJune31 JulyOctober202020222024

The 2020 accounts came 114 days late. The other five were filed on time.

Position in the sector

-649.0%

Lower solvency than 95% of companies in computer programming and consultancy. Sector median 60.0% · 21,206 companies.

Checked score

54
Fair
Financially stronger than 35% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: 1.5% to 4.2%

Negative equity caps the score at 59.

Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).

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

Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.3%▲ +0.1 percentage points vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.4%▲ +0.1 percentage points vs 07-2026 09-2026: 0.4%● unchanged vs 08-2026highest value 10-2026: 0.1%▼ -0.3 percentage points vs 09-2026lowest value 11-2026: 0.1%● unchanged vs 10-2026lowest value

Financial strength
Average

0=equity -649.0% of total assets
50+18short-term debt 157.9% · cash 76.2%
96+96return on assets 21.4%

Score breakdown

raises risk
Capped at 59: negative equity
Negative equity -€55,614
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Size: total assets €8,570
Liquidity: current ratio 0.49, cash €6,533
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 62, micro). It does better than 3% of them on solvency, 27% on liquidity, 60% on profitability and 48% on growth.

The bankruptcy probability was computed on 09-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

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).

Comparable companies, two years later

In July 2024, 2,180 companies had the same profile as GRAYCE has now. Each dot stands for 6 companies, two years later.

88.7%
were still trading
5.8%
stopped another way
4.8%
went bankrupt
  • Micro
  • 5 to 10 years old
  • negative equity
  • a profit of 5% of the balance sheet or more

Another 0.7% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of GRAYCE itself is lower: 0.1% within 12 months. It rests on far more data about GRAYCE than the profile alone.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 2,180 companies, not a prediction for GRAYCE. 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.

Credit verdict

No credit on open account

Liquidity is insufficient, with a current ratio of 0.49 (0.27 in 2024), below 1. Short-term debt is 157.9% and cash 76.2% of total assets. Equity is negative.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Negative equity -€55,614
NBB · annual accounts
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
lowers risk · Size: total assets €8,570
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Liquidity: current ratio 0.49, cash €6,533
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 21206 sector peers (2025).
NBB · sector comparison
Position among 21206 sector peers
Solvency
better than 5%
← weakest strongest →
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 16-06-2026, 45 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
45 days early
2024
31 days early
2023
29 days early
2022
38 days early
2021
13 days early
2020
114 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 7 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

VB
Van Belle Mystica
Director
  • VANBELLEMysticaInes 100 sharesdeed of 16-10-2019
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0736350952
Incorporation Founding capital of €10,000, 100 shares · Founder: VANBELLE MysticaInes · Appointment: VANBELLE MysticaInes (director) · published on 16-10-2019 · Gazette deed
First establishment Linterpoortenlaan 189, Zemst
All 11 events

Comparable companies

same main activity, similar in size and age
Company
GRAYCE Zemst €8,570 €3,915 -649.0% -
EMC INFORMATIQUE Evere €7,299 €2,742 84.7% -
MOUPRESS Molenbeek-Saint-Jean €6,631 €4,804 66.7% -
3D AM Bree €5,729 €3,260 -136.0% -
BASEL INTERNATIONAL Zaventem €9,400 €3,047 74.1% -
Macty Leuven €8,766 €2,579 -46.2% -
KastingKafé Uccle €6,750 €6,111 -5254.8% -

These companies have the same main activity as GRAYCE: computer programming (NACE 62100). They are comparable in size and age: total assets between €5,730 and €9,400, founded between 2015 and 2022.

Official details

Source: KBO
Status
Active since 14-10-2019Normal situation
Activity
Computer programmingNACE 62100and 3 others
Establishment unit
2.295.310.8021980 Zemst, since 14-10-2019
Financial year end
31 December
Peppol
Reachable since 10-11-2025
Company details

Annual accounts 2025

€3,915
€1,834
-€55,614▲ 3.2%
€8,570▲ 29.9%
Filing
Filed on 16-06-2026, 45 days before the end of the filing period
Financials

Insights on GRAYCE

GRAYCE files the micro format. That format states no turnover. The gross margin rose from -€1,196 in 2020 to €3,915 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 16-06-2026, 45 days before the deadline
€3,915
▲ €4,220
€2,420
▲ €5,970
€1,834
▲ €5,969
-€6,847
▲ €2,929
-649.0%
▲ 221.9 percentage points
0.49
▲ 0.22

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €21,000. Estimated: probably between €11,000 and €41,000.

Balance sheet

balance sheet total €8,570 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

-649.0%

Lower than 95% of 21,206 companies in 2025.

0.49

Higher than 6% of 20,569 companies in 2025.

21.4%

Higher than 55% of 20,744 companies in 2025.

GRAYCE Middle half of the sector 80% of the sector Micro accounts in computer programming and consultancy (NACE 62)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter

Staff

Staff costs divided by the average number of full-time equivalents.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020
Balance sheet: assets
20/58 8,5706,59610,01413,73714,13414,584
20 00----
21/28 1,8872,9825,8949,0896,0698,183
21 1,8872,9825,8949,0896,0698,183
29/58 6,6833,6154,1204,6488,0656,402
3 ---997997-
30/36 ---997997-
40/41 1501,936967062,410144
40 -1,936--450-
41 150-967061,960144
54/58 6,5331,6794,0242,9444,0296,258
490/1 ----629-
Balance sheet: equity and liabilities
10/49 8,5706,59610,01413,73714,13414,584
10/15 -55,614-57,449-53,315-40,284-9,0084,609
10/11 10,00010,00010,00010,00010,00010,000
14 -65,614-67,449-63,315-50,284-19,008-5,391
17/49 64,18464,04563,32854,02023,1419,975
17 49,50049,50049,50036,2199,014-
170/4 49,50049,50049,50036,2199,014-
42/48 13,52913,39012,67316,64713,4589,702
44 -95-7041,659-
440/4 -95-7041,659-
45 -261-3,9491,805-
450/3 -261----
454/9 ---3,9491,805-
47/48 13,52913,03412,67311,9949,9949,702
492/3 1,1551,1551,1551,155670273
Income statement
9900 3,915-306-3,782-4,905-5,541-1,196
62 --565,12022,8064,711-
630 1,0952,9123,1952,3902,1133,570
640/8 400387384348695348
9901 2,420-3,549-12,481-30,449-13,060-5,114
65/66B 586585550827556277
65 586585550827556277
9903 1,834-4,134-13,031-31,276-13,616-5,391
9904 1,834-4,134-13,031-31,276-13,616-5,391
9905 1,834-4,134-13,031-31,276-13,616-5,391
Appropriation of the result
9906 -65,614-67,449-63,315-50,284-19,008-5,391
14P -67,449-63,315-50,284-19,008-5,391-
Social balance sheet
9087 ---1--
Hours worked1013 ---896--
Document PDFPDFPDFPDFPDFPDF

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 16-06-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 16-06-2026 2026-00164190 PDF
31-12-2024 micro format 30-06-2025 2025-00193995 PDF
31-12-2023 micro format 02-07-2024 2024-00195166 PDF
31-12-2022 micro format 23-06-2023 2023-00151532 PDF
31-12-2021 micro format 18-07-2022 2022-20193584 PDF
31-12-2020 micro format 22-11-2021 2021-77900165 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020
3,515-637-9,286-28,058-10,947-1,543
2,929-1,222-9,836-28,886-11,503-1,821
0005,410010,567
4,854-2,3451,080-1,084-2,229-
-6,847-9,776-8,554-11,999-5,393-3,301
-649.0%-870.9%-532.4%-293.2%-63.7%31.6%
0.490.270.330.280.600.66
0.490.270.330.220.530.66
-----2.16
------117.0%
21.4%-62.7%-130.1%-227.7%-96.3%-37.0%
6.00-1.09-16.89-33.92-19.68-

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-2022
Employees at the balance-sheet date1
part-time1
in full-time equivalents0.6
0.6
On a permanent contract1

Source: social balance sheet in the 2022 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Intangible fixed assets---€5,410-
€1,095€2,912€3,195€2,390€2,113

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on GRAYCE

The operating result for 2025 is a profit of €2,420, after a loss of €3,549 in 2024. It is the highest result since 2020.

Equity is negative. Debt (€64,184) exceeds the balance-sheet total (€8,570).

Board & ownership

Board

1 director, since incorporation
Van Belle Mystica
Director
listed in the 2025 annual accounts, filed on 16-06-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 16-10-2019

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
Van Belle Mystica
Director
BoardEarliermandate already running before its first mentionend not dated
Mandates as a list
  • Van Belle Mystica
    • Director, since before 31-12-2021
  • VANBELLEMysticaInes
    • Director, appointed by deed of 16-10-2019, no longer listed in the 2025 annual accounts

See the board, name and registered office on a given date →

Control

Founder
VANBELLEMysticaInes
This company
GRAYCE
Equity -€55,614
Profit €1,834 in 2025

Capital

Contribution
€10,000
Shares
100
Contribution per share
€100
Equity per share
-€556 in 2025
Source
deed of 16-10-2019

Articles of association

deed of 16-10-2019 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
1 director
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Helft overdrager,helft koper(s) naar evenredigheid verworven aantal, nietigheid”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Tuesday of June at 18:00
Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor

Shareholders

At incorporation deed of 16-10-2019 ↗
  • VANBELLEMysticaInes 100 shares (100%) · €10,000 in cash

Network & group

No group

GRAYCE has no parent and no holdings in its annual accounts. Van Belle Mystica is the only director. GRAYCE shares no director with another company.

At the same address

Linterpoortenlaan 189, 1980 Zemst · 2 other companies
MAGNOBEL
registered office since 05-04-2018 · founded in 2018
total assets €405,160 (2025)
0693.953.638
VBM CONSULTING
registered office since 11-12-2020 · founded in 2020
total assets €112,545 (2025)
0759.695.981

Timeline

Timeline

11 events since 2019

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 45 days before the deadline
2025
Back to profit net €1,834 The net result is €1,834, after 5 loss-making years.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0736350952
Annual accounts 2024 filed PDFmicro format · 31 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 29 days before the deadline
2023
Annual accounts 2022 filed PDFmicro format · 38 days before the deadline
2022
Weakest financial year net -€31,276 The net result drops to -€31,276, the lowest from 2020 to 2025. It recovers the following year.
Annual accounts 2021 filed PDFmicro format · 13 days before the deadline
2021
Annual accounts 2020 filed PDFmicro format · 114 days late
2019
IncorporationFounding capital of €10,000, 100 shares · Founder: VANBELLE MysticaInes · Appointment: VANBELLE MysticaInes (director) · published on 16-10-20194 points ▸
  • Founder, VANBELLE MysticaInes
  • Founding capital, €10,000, 100 shares
  • Registered office clause, Linterpoortenlaan 189, 1980 Zemst
  • Director appointment, VANBELLE MysticaInes
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

First establishment Linterpoortenlaan 189, Zemst

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 14 October 2019, GRAYCE was incorporated as a private limited company by one natural person, with a starting capital of €10,000.12 Van Belle Mystica is director of the company according to the 2025 annual accounts.3 Total assets went from €14,584 in 2020 to €8,570 in 2025.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 16-10-2019
  3. 3National Bank, annual accounts 2025
  4. 4National Bank, annual accounts 2020 and 2025

Company details

Identity

Enterprise number
0736.350.952
VAT number
BE 0736.350.952
Peppol ID
0208:0736350952
Other Peppol ID
9925:BE0736350952
Legal form
Private limited company
Status
Active, normal situation
Founded
14-10-2019
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Tuesday of June at 18:00
deed of 16-10-2019 (in Dutch)
Peppol
Reachable since 10-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
GRAYCE in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 16-10-2019 (in Dutch)

Activities

NACEBEL 2025
62100 Computer programming main activity
Codes under NACEBEL 2008
62010 Computer programming, consultancy and related activities main activity
62020 IT consultancy
63110 Computing infrastructure, data processing, hosting and other information service activities
63120 Computing infrastructure, data processing, hosting and other information service activities
PurposeThe purpose describes the activities the company may carry out under its articles.
“Hetontwikkelen,beherenenuitbatenvaneenIT-platform/website/appbestemdomonlinedienstenenproductentekunnenaanbiedenzoalsineigenbeheeralsitussen…”
9 activities
  1. Hetontwikkelen,beherenenuitbatenvaneenIT-platform/website/appbestemdomonlinedienstenenproductentekunnenaanbiedenzoalsineigenbeheeralsitussenpersoonaanparticulierenenbedrijven(e-commerce)
  2. Allemogelijkeadvies-enofdienstenfunctiesophetvlakvanderecrutering,outsourcing,opleiding
  3. Hetaanbiedenvanenverlenenvanadviesinzakeschoonheidsbehandelingenenlichaamsverzorgingenwelnessinhetalgemeen,zoalsmeerniebeperkttotmanicure,pedicure,ontharingen,make-up,semi-permanentemake-up,massages,…
  4. Alleactiviteiteneigenaanhetkappersberoep
  5. Hetaanbiedenvandiensteninzakepersonaltrainingenfitness
  6. Hetgevenvanvoedingsadviesenoverigecoachinggerichtopeengezondelevensstijl
  7. Consultancy,opleiding,technischeexpertiseenbijstandomvoornoemdegebieden
  8. Hetgevenvanadviesenverstekkenvandienstenmetbetrekkingtotdeorganisatieenhetbeheervanbedrijvendieopdiedomeinenactiefzijn,devertegenwoordigingenhetoptredenalscommercieeltussenpersoon
  9. Hetaanleggen,hetoordeelkundigbeheerenhetuitbreidenvaneenroerendenonroerendvermogen.Devennootschapmagdaartoeenzonderdatdezeopsommingbeperkwebszeallefinanciële,industriëleenburgerlijke,roerendeenonroerendeverrichtingen doen, en onder meer alle roerende en onroerende goederen, onroerende zakelijke rechten (zoals opstal, erfpacht, vruchtgebruik, blote eigendom), handelsfondsen, vergunningen en fabrieksmerken vestigen, aankopen, verkopen, in huur nemen, verhuren, verkopen, ruilen, verkavelen, en uitbaten, belangen nemen bij middel van associatie, inbreng, onderschrijving, versmelting, deelneming, financiële tussenkomst of om het even welke andere wijze, in alle vennootschappen of ondernemingen, waarvan het doel met het hare verwant is of er bij aansluit, of van aard is het doel van onderhavige vennootschap te bevorderen
deed of 16-10-2019 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Linterpoortenlaan 189 registered office 1980 Zemst 14-10-2019 2.295.310.802

Buildings and parcels at the address

Ground area
768 m²
Buildings
177 m²
Volume, LiDAR
1 m³
Tallest building
0.1 m
Buildings to scale, each on its own parcel
177 m², 0.1 m 177 m², 0.1 m

Location

registered office establishment The establishment unit on the map
3 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
23096D0332/00M000768 m² 1 · 177 m² 0.1 m