Starting capital
€1 100 shares
GrayMate
Overview
Lifetime
1 annual account with figuresTurnoverpeak €52,266 (2024)
€52,266
Resultpeak €9,004 (2024)
€9,004
Equitypeak €9,005 (2024)
€9,005
Debts
€16,488
Board1 name since 2024
1 directorDE GRAUWE Matteo Bernard Catherina
Documentsfilings and deeds
27-08-202527 days late
2024micro format
Incorporation 12-041 establishment registeredFirst year with figures
Key points
from the 2024 annual accountsPosition in the sector
€9,005
Less equity than 90% of companies in legal and accounting. Sector median €96,630 · 15,195 companies.
2024 accounts filed 27 days after the deadline
Checked score
83
Excellent
Financially stronger than 56% of micro companies in legal and accounting (NACE 69)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: < 0.1% across 20,094 companies (NACE 69, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
05-2025: 0.3%
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: < 0.1%▼ -0.3 percentage points vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: 0.1%▲ +0.1 percentage points vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.5%▲ +0.3 percentage points vs 09-2026highest value
11-2026: 0.5%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Figures for financial year 2024 (filed on 28-08-2025)
Founded in 2024
lowers risk
Sector: Legal and accounting activities (NACE 69)
Liquidity: current ratio 1.51, cash €10,450
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 69, micro). It does better than 34% of them on solvency, 53% on liquidity and 82% on profitability.
The bankruptcy probability was computed on 04-11-2026 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 31-12-2024.
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, 39,278 companies had the same profile as GrayMate has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GrayMate itself: 0.5% within 12 months.
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 39,278 companies, not a prediction for GrayMate. 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
Credit of up to €500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.51, above the usual 1.5. Short-term debt is 64.7% and cash 41% of total assets. However, 64.7% of the assets are financed with debt and provisions.
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
Five signals.
lowers riskraises risk
raises risk · 2024 accounts filed 27 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2024
27 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its 2024 accounts 27 days after the deadline. In the sector (NACE 69), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (1)
Recent changes
Incorporation
Founding capital of €1, 100 shares · Founder: DE GRAUWE Matteo Bernard Catherina · Appointment: DE GRAUWE Matteo Bernard Catherina (director) · published on 12-04-2024 · Gazette deed
First establishment
Hoogpoort 30, Ghent
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| GrayMate Ghent | €25,493 | €12,677 | 35.3% | - |
| Advocatenkantoor NIBOR Buggenhout | €29,905 | €11,800 | 44.1% | - |
| Advocaat Sam Huysentruyt Zedelgem | €28,294 | €12,051 | 88.4% | - |
| Fien Schreurs Hasselt | €29,379 | €12,065 | 75.7% | - |
| Advocatenkantoor Marco Dubois Brussels | €25,093 | €13,819 | 74.4% | - |
| ADVOCATENKANTOOR FABIENNE GUFFENS Wommelgem | €30,278 | €12,379 | 51.5% | - |
| ADVOCATENKANTOOR SETH MARIJSSE Edegem | €26,755 | €13,731 | 51.3% | - |
These companies have the same main activity as GrayMate: activities of lawyers (NACE 69101). They are comparable in size and age: total assets between €25,100 and €30,300, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 10-04-2024Normal situation
- Activity
- Activities of lawyersNACE 69101
- Establishment unit
- 2.361.669.0949000 Ghent, since 10-04-2024
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2024
- Turnover
- €52,266
- Profit
- €9,004
- Equity
- €9,005
- Total assets
- €25,493
- Filing
- Filed on 27-08-2025
Insights on GrayMate
GrayMate has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €9,005 and a net result of €9,004.
Its solvency ranks better than 28% of 15,188 sector peers (NACE 69, financial year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2024
micro format, filed on 27-08-2025, 27 days lateTurnover
€52,266
Operating result
€12,662
EBITDA
€12,677
Cash flow
€9,019
Solvency
35.3%
Current ratio
1.51
Money flows
of every €100 of turnover, €17.23 remains as profit in 2024Balance sheet
balance sheet total €25,493 on 31-12-2024What the company ownsHow it is paid for
Position in the sector
Solvency35.3%
Higher than 28% of 15,188 companies in 2024.
Current ratio1.51
Higher than 33% of 14,953 companies in 2024.
Return on assets35.3%
Higher than 76% of 15,087 companies in 2024.
GrayMate
Middle half of the sector
80% of the sector
Micro accounts in legal and accounting (NACE 69)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2024 |
|---|---|---|
| Balance sheet: assets | ||
Total assets20/58 |
25,493 | |
Fixed assets21/28 |
521 | |
Tangible fixed assets22/27 |
521 | |
Plant, machinery and equipment23 |
521 | |
Current assets29/58 |
24,972 | |
Amounts receivable within one year40/41 |
8,072 | |
Trade receivables40 |
8,072 | |
Cash at bank and in hand54/58 |
10,450 | |
Deferred charges and accrued income490/1 |
6,450 | |
| Balance sheet: equity and liabilities | ||
Total equity and liabilities10/49 |
25,493 | |
Equity10/15 |
9,005 | |
Contributions10/11 |
1 | |
Contributions outside capital11 |
1 | |
Other1109/19 |
1 | |
Profit (loss) carried forward14 |
9,004 | |
Amounts payable17/49 |
16,488 | |
Amounts payable within one year42/48 |
16,488 | |
Trade debts44 |
552 | |
Suppliers440/4 |
552 | |
Taxes, remuneration and social security45 |
12,391 | |
Taxes450/3 |
12,391 | |
Other amounts payable47/48 |
3,545 | |
| Income statement | ||
Turnover70 |
52,266 | |
Gross operating margin9900 |
12,677 | |
Goods, raw materials, services and sundry goods60/61 |
39,589 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
15 | |
Operating profit (loss)9901 |
12,662 | |
Financial income75/76B |
1 | |
Recurring financial income75 |
1 | |
Financial charges65/66B |
159 | |
Recurring financial charges65 |
159 | |
Profit (loss) for the period before taxes9903 |
12,504 | |
Income taxes67/77 |
3,500 | |
Profit (loss) for the period9904 |
9,004 | |
Profit (loss) for the period to be appropriated9905 |
9,004 | |
| Appropriation of the result | ||
Profit (loss) to be appropriated9906 |
9,004 | |
| Document | ||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 27-08-2025.
Filings
each dot is a set of accounts, on the day it reached the National Bank2024 annual accounts filed 27 days after the deadline. Filed on 27 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00416375.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 27-08-2025 | 2025-00416375 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2024 |
|---|---|---|
| EBITDA | 12,677 | |
| Cash flow | 9,019 | |
| Investment in fixed assets | 536 | |
| Working capital | 8,484 | |
| EBIT margin | 24.2% | |
| Solvency | 35.3% | |
| Current ratio | 1.51 | |
| Debt to equity | 1.83 | |
| ROE | 100.0% | |
| ROA | 35.3% | |
| Interest coverage | 79.73 | |
| Customer credit | 56 days | |
| Supplier credit | 5 days |
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.
Investments
fixed assets acquired| Item | 2024 |
|---|---|
| Tangible fixed assets | €536 |
| Depreciation and write-downs of the year | €15 |
Source: notes to the 2024 annual accounts (statement of fixed assets)
Insights on GrayMate
Debt's share of the balance-sheet total is 64.7%.
Board & ownership
Board
1 director, since incorporationDirector
appointed by deed of 12-04-2024
term without a fixed end
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- The sole directordeed of 12-04-2024
Mandates through the years
1 name, the dashed line is todayBoard
Mandates as a list
- DE GRAUWE Matteo Bernard Catherina
- Director, appointed by deed of 12-04-2024, still in office
Control
Founder
DE GRAUWE Matteo Bernard Catherina
This company
GrayMate
Equity €9,005
Profit €9,004 in 2024
Capital
- Contribution
- €1
- Shares
- 100
- Contribution per share
- €0.01
- Equity per share
- €90.05 in 2024
- Source
- deed of 12-04-2024
Articles of association
deed of 12-04-2024 (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“Te bepalen door algemene vergadering”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 18:00
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Enige bestuurder, Ontbinding wegens verlies - Alarmbelprocedure”
Shareholders
At incorporation
deed of 12-04-2024 ↗
- DE GRAUWE Matteo Bernard Catherina 100 shares (100%)
Network & group
No group
GrayMate has no parent and no holdings in its annual accounts. DE GRAUWE Matteo Bernard Catherina is the only director. GrayMate shares no director with another company.
At the same address
Hoogpoort 30, 9000 Ghent · 3 other companies| SERAPHINE
registered office since 17-07-2004 · founded in 2002 |
total assets €221,443 (2025) 0477.882.574 |
| De Coeyer, Gilles (sole trader)
establishment since 07-04-2025 |
founded in 2025 1021.387.531 |
| D'Hollander, Anne (sole trader)
establishment since 03-11-2017 |
founded in 2017 0683.951.057 |
Timeline
Timeline
3 events since 2024Filings
Establishments
202420252026
2025
Annual accounts 2024 filed PDFmicro format · 27 days late
2024
IncorporationFounding capital of €1, 100 shares · Founder: DE GRAUWE Matteo Bernard Catherina · Appointment: DE GRAUWE Matteo Bernard Catherina (director) · published on 12-04-20243 points ▸
- Director appointment, DE GRAUWE Matteo Bernard Catherina
- Founder, DE GRAUWE Matteo Bernard Catherina
- Founding capital, €1, 100 shares
- The deed holds 4 more points.
First establishment Hoogpoort 30, Ghent
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1008.244.031
- VAT number
- BE 1008.244.031
- Peppol ID
- 0208:1008244031
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 10-04-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 18:00deed of 12-04-2024 (in Dutch)
- Peppol
- Reachable via PeppolFollow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- GrayMate in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 12-04-2024 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Hoogpoort 30, 9000 Gent”deed of 12-04-2024 (in Dutch)
Activities
NACEBEL 202569101
Activities of lawyers main activity
Codes under NACEBEL 2008
69101
Activities of lawyers main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Alle roerende,onroerende of financiële handelingen verrichten die rechtstreeks of onrechtstreeks in verband staan met haar voorwerp of die…”deed of 12-04-2024 (in Dutch)
3 activities
- Alle roerende,onroerende of financiële handelingen verrichten die rechtstreeks of onrechtstreeks in verband staan met haar voorwerp of die kunnen bijdragen tot de ontwikkeling ervan,hetzij alleen,hetzij met anderen,rechtstreeks of onrechtstreeks,voor haar rekening of voor rekening van derden
- Haar geldmiddelen beleggen in roerende of onroerende goederen,met uitsluiting van iedere activiteit die onverenigbaar is met het beroep van advocaat
- Het uitoefenen van het beroep van advocaat door een persoon ingeschreven op het tableau van de Orde van Advocaten van de Nederlandstalige balie van Brussel op de lijst van de stagiairs,op de EU-lijst of op de B-lijst voor zover van toepassing,en alle andere activiteiten die verenigbaar zijn met het beroep van advocaat,voor zover toegelaten door de deontologische beginselen,de Codex Deontologie voor Advocaten en de reglementen van de Orden van Advocaten waarvan de aandeelhouder-bestuurder deel van uitmaakt
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Hoogpoort 30 registered office 9000 Ghent | 10-04-2024 | 2.361.669.094 |
Buildings and parcels at the address
- Ground area
- 160 m²
- Buildings
- 160 m²
- Volume, LiDAR
- 1,581 m³
- Tallest building
- 15.7 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44803C0367/00_000 | 160 m² | 1 · 160 m² | 15.7 m · 4 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.