GRB IMMO
ActiveSummary
The computed 12-month bankruptcy probability of GRB IMMO is 3.1% (moderate). The 2025 annual accounts show equity of €30,039 and a net result of €7,684. Equity is growing by ~54% per year across the filed fiscal years. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 3 accounts on average 17 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
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Peer companies
Historical observationOf the 2,541 companies that looked in July 2024 the way this one looks now, 3.3% went bankrupt within 24 months and 95% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,541 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,200 | €10,860 | €10,860 | = |
| Other operating charges640/8 | €384 | €4,206 | €4,338 | ▲ 3.1% |
| Gross operating margin9900 | €6,673 | €29,514 | €32,332 | ▲ 9.5% |
| Operating profit (loss)9901 | -€1,911 | €14,449 | €17,135 | ▲ 18.6% |
| Financial charges65/66B | €2,178 | €7,416 | €7,530 | ▲ 1.5% |
| Recurring financial charges65 | €2,178 | €7,416 | €7,530 | ▲ 1.5% |
| Profit (loss) for the period before taxes9903 | -€4,089 | €7,033 | €9,605 | ▲ 36.6% |
| Income taxes67/77 | - | €589 | €1,921 | ▲ 226% |
| Profit (loss) for the period9904 | -€4,089 | €6,444 | €7,684 | ▲ 19.2% |
| Profit (loss) for the period to be appropriated9905 | -€4,089 | €6,444 | €7,684 | ▲ 19.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €255,518 | €248,970 | €241,705 | ▼ 2.9% |
| Fixed assets21/28 | €247,322 | €236,462 | €225,602 | ▼ 4.6% |
| Tangible fixed assets22/27 | €247,322 | €236,462 | €225,602 | ▼ 4.6% |
| Land and buildings22 | €247,322 | €236,462 | €225,602 | ▼ 4.6% |
| Current assets29/58 | €8,196 | €12,508 | €16,103 | ▲ 28.7% |
| Amounts receivable within one year40/41 | - | €3,819 | €3,938 | ▲ 3.1% |
| Trade receivables40 | - | €3,819 | €3,938 | ▲ 3.1% |
| Cash at bank and in hand54/58 | €696 | €8,690 | €12,165 | ▲ 40.0% |
| Deferred charges and accrued income490/1 | €7,500 | €0 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €255,518 | €248,970 | €241,705 | ▼ 2.9% |
| Equity10/15 | €5,911 | €22,355 | €30,039 | ▲ 34.4% |
| Contributions10/11 | €10,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€4,089 | €2,355 | €10,039 | ▲ 326% |
| Amounts payable17/49 | €249,607 | €226,615 | €211,666 | ▼ 6.6% |
| Amounts payable after more than one year17 | €165,174 | €156,096 | €146,631 | ▼ 6.1% |
| Financial debts170/4 | €165,174 | €156,096 | €146,631 | ▼ 6.1% |
| Amounts payable within one year42/48 | €83,824 | €70,520 | €65,035 | ▼ 7.8% |
| Current portion of amounts payable after more than one year42 | €9,415 | €9,078 | €9,465 | ▲ 4.3% |
| Trade debts44 | €909 | €224 | €231 | ▲ 3.2% |
| Suppliers440/4 | €909 | €224 | €231 | ▲ 3.2% |
| Taxes, remuneration and social security45 | - | €589 | €2,510 | ▲ 326% |
| Taxes450/3 | - | €589 | €2,510 | ▲ 326% |
| Other amounts payable47/48 | €73,500 | €60,629 | €52,829 | ▼ 12.9% |
| Accrued charges and deferred income492/3 | €609 | €0 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,089 | €6,444 | €7,684 | ▲ 19.2% |
| + Depreciation and write-downs630 | €8,200 | €10,860 | €10,860 | = |
| Operating cash flow (approximation) | €4,110 | €17,304 | €18,544 | ▲ 7.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €7,993 | €3,475 | ▼ 56.5% |
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
07-09
State Gazette act
Capital & shares · RestructuringAppointment: 3R, Leboutte & Co (statutory auditor) · Merger · Declaration29 facts ▸
- General meeting, assemblée générale extraordinaire, unanimité
- Merger, scission partielle, article 12:8, 1° du CSA
- Declaration, dispense de lecture du projet de scission partielle
- Declaration, mise à disposition des documents visés à l'article 12:64 §1 et 2 du CSA, un mois au moins avant la tenue de la présente assemblée
- Declaration, adoption de la première résolution à l'unanimité
- Declaration, renonciation au rapport écrit à établir par un expert-comptable certifié sur le projet de scission, article 12:62 §1, dernier alinéa du CSA
- Declaration, renonciation à l'application des articles 12:61 et 12:64 du CSA, vote exprès à l'assemblée générale appelée à se prononcer sur la participation à la scission
- Other statement, rapport spécial de l'organe d'administration, apport en nature avec émission d'actions nouvelles
- Auditor report, 29-07-2026
- Declaration, renvoi express aux rapports de l'organe d'administration et du réviseur d'entreprises
- Declaration, dispense de lecture des rapports, unanimité
- Auditor report, examiner les aspects décrits dans le projet de rapport spécial de l'organe d'administration, aucune constatation significative
- +17 further facts in this act
24-06
State Gazette act
RestructuringDemerger · Accounting effect · Real estate8 facts ▸
- Board meeting, 06-06-2026
- Demerger, scission partielle par absorption, 01-01-2026
- Accounting effect, 01-01-2026
- Real estate, Immeuble (maison) sis Rue Bonne-Nouvelle 80, cadastré LIEGE - 10ème DIVISION - section B 0307FP0000 superficie de 135 ca, RC 917; Immeuble (parkin) sis Rue Bonn…
- Share issue, 3240, contrepartie de la scission partielle
- Liability transfer, 476,40 EUR, 58.597,01 EUR
- Exchange ratio, 30,04 EUR, 30.039,05 EUR / 1.000 actions
- Accounting conversion, Apport disponible hors capital, Réserves disponibles
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 2 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Statutory auditor 1
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62012F0121/00L009 | Wallonia | 2,769 m² | 1 · 104 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Mandate history
- Statutory auditor
| Name | Functions and periods |
|---|---|
| 3R, LEBOUTTE & Co |
|
Articles of association
Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionCapital and shareholders
- OUTILLAGE DE PRECISION ATELIERS FERNAND VANWERS (BE 0412.586.926) 97,338.29 EUR
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 07-09-2026 Capital stated in the act · 127,377.34 EUR · 3,240 shares
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.