GRAYWISE
ActiveSummary
GRAYWISE has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€42,975) and a net result of €21,925. Equity is shrinking by about 21% per year across the filed financial years. Its solvency ranks better than 5% of 39,131 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- -€42,975
- Profit
- €21,925
Why 55raises riskCapped at 59: negative equityNegative equity -€42,975lowers riskSize: total assets €8,783Sector: Activities of head offices; management consultancy activities (NACE 70)Liquidity: current ratio 0.17, cash €7,104Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 70, micro): better than 3% on solvency, 33% on liquidity, 84% on profitability and 74% on growth.
The bankruptcy probability was computed on 24-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 13 days after the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Back to profitnet €21,925
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €22,201 after a loss of €363 in 2024, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 3,632 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 91.8% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% 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 497,475 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 3,632 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €355 | €355 | €1,476 | €4,202 | €4,202 | €4,202 | €4,202 | €2,882 | ▼ 31.4% |
| Other operating charges640/8 | - | - | - | €354 | €348 | €622 | €432 | €894 | ▲ 107% |
| Gross operating margin9900 | -€26,058 | -€20,098 | €6,120 | -€2,124 | -€7,050 | -€12,513 | €4,271 | €25,976 | ▲ 508% |
| Operating profit (loss)9901 | -€26,413 | -€20,801 | €4,297 | -€6,680 | -€11,599 | -€17,337 | -€363 | €22,201 | - |
| Financial income75/76B | - | - | - | €8 | - | €11 | €1 | €66 | ▲ 70× |
| Recurring financial income75 | €1 | - | €10 | €8 | - | €11 | €1 | €66 | ▲ 70× |
| Financial charges65/66B | - | - | - | €108 | €158 | €235 | €172 | €151 | ▼ 12.3% |
| Recurring financial charges65 | €200 | €436 | €189 | €108 | €158 | €235 | €172 | €151 | ▼ 12.3% |
| Profit (loss) for the period before taxes9903 | -€26,612 | -€21,237 | €4,118 | -€6,780 | -€11,757 | -€17,560 | -€534 | €22,116 | - |
| Income taxes67/77 | €267 | €172 | €135 | -€38 | €30 | €63 | €68 | €191 | ▲ 181% |
| Profit (loss) for the period9904 | -€26,879 | -€21,409 | €3,983 | -€6,742 | -€11,787 | -€17,624 | -€602 | €21,925 | - |
| Profit (loss) for the period to be appropriated9905 | -€26,879 | -€21,409 | €3,983 | -€6,742 | -€11,787 | -€17,624 | -€602 | €21,925 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €17,527 | €10,096 | €28,837 | €28,725 | €21,371 | €11,246 | €16,501 | €8,783 | ▼ 46.8% |
| Fixed assets21/28 | €510 | €155 | €19,689 | €15,487 | €11,285 | €7,083 | €2,882 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €510 | €155 | €19,689 | €15,487 | €11,285 | €7,083 | €2,882 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €15,487 | €11,285 | €7,083 | €2,882 | €0 | ▼ 100% |
| Current assets29/58 | €17,017 | €9,941 | €9,149 | €13,238 | €10,086 | €4,163 | €13,619 | €8,783 | ▼ 35.5% |
| Amounts receivable within one year40/41 | €4,034 | €5,119 | €851 | €6,708 | €4,003 | €1,915 | €5,525 | €722 | ▼ 86.9% |
| Trade receivables40 | - | - | - | €5,757 | €2,495 | €0 | €5,288 | €540 | ▼ 89.8% |
| Other amounts receivable41 | - | - | - | €950 | €1,508 | €1,915 | €238 | €181 | ▼ 23.7% |
| Cash at bank and in hand54/58 | €12,983 | €4,821 | €7,395 | €5,589 | €5,270 | €1,408 | €7,152 | €7,104 | ▼ 0.7% |
| Deferred charges and accrued income490/1 | - | - | - | €941 | €814 | €839 | €942 | €958 | ▲ 1.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €17,527 | €10,096 | €28,837 | €28,725 | €21,371 | €11,246 | €16,501 | €8,783 | ▼ 46.8% |
| Equity10/15 | -€10,719 | -€32,128 | -€28,145 | -€34,887 | -€46,674 | -€64,298 | -€64,900 | -€42,975 | ▲ 33.8% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€29,319 | -€50,728 | -€46,745 | -€53,487 | -€65,274 | -€82,898 | -€83,500 | -€61,575 | ▲ 26.3% |
| Amounts payable17/49 | €28,246 | €42,224 | €56,983 | €63,612 | €68,046 | €75,544 | €81,401 | €51,758 | ▼ 36.4% |
| Amounts payable within one year42/48 | €28,246 | €41,341 | €56,983 | €63,612 | €67,431 | €75,364 | €81,387 | €51,758 | ▼ 36.4% |
| Financial debts43 | - | - | - | €24 | - | - | - | - | - |
| Credit institutions430/8 | - | - | - | €24 | - | - | - | - | - |
| Trade debts44 | €1,321 | €2,691 | €11,473 | €2,340 | €3,546 | €3,030 | €2,892 | €1,976 | ▼ 31.7% |
| Suppliers440/4 | - | - | - | €2,340 | €3,546 | €3,030 | €2,892 | €1,976 | ▼ 31.7% |
| Taxes, remuneration and social security45 | - | - | - | €97 | €656 | €531 | €131 | €190 | ▲ 45.3% |
| Taxes450/3 | - | - | - | €97 | €656 | €531 | €131 | €190 | ▲ 45.3% |
| Other amounts payable47/48 | - | - | - | €61,152 | €63,229 | €71,803 | €78,364 | €49,592 | ▼ 36.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | €615 | €180 | €14 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€26,879 | -€21,409 | €3,983 | -€6,742 | -€11,787 | -€17,624 | -€602 | €21,925 | - |
| + Depreciation and write-downs630 | €355 | €355 | €1,476 | €4,202 | €4,202 | €4,202 | €4,202 | €2,882 | ▼ 31.4% |
| Operating cash flow (approximation) | -€26,524 | -€21,054 | €5,458 | -€2,540 | -€7,585 | -€13,422 | €3,600 | €24,806 | ▲ 589% |
| Investment in fixed assets (approximation) | - | €0 | -€21,009 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€8,161 | €2,574 | -€1,806 | -€319 | -€3,862 | €5,744 | -€48 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 08-07-2026 | 2026-00267051 |
| 31-12-2024 | micro format | 08-08-2025 | 2025-00365665 |
| 31-12-2023 | micro format | 02-08-2024 | 2024-00322978 |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00381259 |
| 31-12-2021 | micro format | 24-08-2022 | 2022-20310987 |
| 31-12-2020 | micro format | 26-08-2021 | 2021-55000458 |
| 31-12-2019 | micro format | 24-08-2020 | 2020-43700018 |
| 31-12-2018 | micro format | 27-08-2019 | 2019-51600226 |
| 31-12-2017 | micro format | 30-08-2018 | 2018-55900545 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| GRAY Oliver William |
|
Owners and capital
Capital and shareholders
- 29-11-2023 Capital stated in the deed · 1,860 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
29-11
Gazette deed
Resignation: GRAY Oliver William (manager)Appointment: GRAY Oliver William (director) · Capital conversion · Amendment of the articles10 facts ▸
- General meeting, 20-11-2023
- Other provision, “adaptation des statuts au Code des sociétés et des associations et maintien de la forme SRL, article 39,§1,alinéa 1 et 3 de la loi du 23 mars introduisant le Co…” (deed in French)
- Capital conversion, “convertis de plein droit, article 39,§2,deuxième alinéa de la loi du 23 mars introduisant le Code des sociétés et des associations et portant des dispositions d…” (deed in French)
- Amendment of the articles
- Capital
- Director resignation, GRAY Oliver William (manager)
- Director appointment, GRAY Oliver William (director (not named in the articles))
- Director discharge, GRAY Oliver William
- Registered office clause, “1020 Bruxelles (Laeken)”, 88-90, “rue Laneau” (deed in French)
- Power of attorney
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21815D0015/00T005 | Brussels | 709 m² | 1 · 189 m² | 15.2 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Le conseil,l’analyse,la recherche,la publication,la présentation,l’information,la communication,la représentation,la modération,le sondage…” (deed in French)
4 activities (deed in French)
- Le conseil,l’analyse,la recherche,la publication,la présentation,l’information,la communication,la représentation,la modération,le sondage d’opinion,les relations publiques et d’affaires pour le compte d’associations,politiciens,sociétés,organisation gouvernementale ou non-gouvernementale
- Le management d‘associations
- L’organisation d’événements
- La création musicale et théâtrale
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- GRAYWISE
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, par simple décision de l’organe d’administration,des sièges administratifs,agences,ateliers,dépôts et…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Organe d’administration, 1” (deed in French)“Indépendamment des frais éventuels de représentation, voyages et déplacements, rémunération des administrateurs” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives avec mentions requises par le Code des sociétés et des associations;consultation par…” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Pour moitié à charge du cédant et pour moitié à charge du ou des acquéreurs,proportionnellement au nombre d’actions acquises s’ils sont…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Thursday of June
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Assemblée générale délibérant dans les formes prévues pour les modifications aux statuts, en tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment que ce soit, désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments” (deed in French)