GRC Business
ActiveGRC Business has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €96k and a net result of €58k. Equity is growing by ~29.1% per year across the filed fiscal years. Its solvency ranks better than 60% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability91▲+32
Solvency80▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days only on tighter terms
Liquidity ample (current ratio 2.19 against 1.78 in 2023; short-term debt: 45% and cash: 34.9% of total assets), and 45% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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 · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
58 d late
2022
3 d early
2021
121 d late
2020
31 d late
2019
21 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€96k▲ 40.3%
2023 · €68k
2019: €23k
2020: €40k
2021: €45k
2022: €48k
2023: €68k
2019 → 2024
Total assets
€174k▲ 15.4%
2023 · €151k
2019: €109k
2020: €88k
2021: €173k
2022: €142k
2023: €151k
2019 → 2024
Net result
€58k▲ 187%
2023 · €20k
2019: €4k
2020: €17k
2021: €5k
2022: €4k
2023: €20k
2019 → 2024
Working capital
€93k▲ 44.8%
2023 · €64k
2019: €-15k
2020: €19k
2021: €37k
2022: €43k
2023: €64k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€40k-€45k▲ 11.5%€48k▲ 8.2%€68k▲ 41.5%€96k▲ 40.3%
Operating result€21k-€18k▼ 17.9%€12k▼ 31.3%€46k▲ 277%€86k▲ 88.0%
Net result€17k-€5k▼ 73.4%€4k▼ 20.2%€20k▲ 446%€58k▲ 187%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 88% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €174k
Fixed assets
€3k▼ 29.9%
Current assets
€171k▲ 16.6%
Equity and liabilities €174k
Equity
€96k▲ 40.3%
Debt
€78k▼ 5.3%
The debt ratio falls from 54.8% to 45.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€87k▲
2023 · €47k
Cash flow
€59k▲
2023 · €22k
Solvency
55.0%▲
2023 · 45.2%
Current ratio
2.19▲
2023 · 1.78
Quick ratio
2.19▲
2023 · 1.78
Debt / equity
0.82▼
2023 · 1.21
ROE
60.1%▲
2023 · 29.3%
ROA
33.0%▲
2023 · 13.3%
Interest coverage
4.88▲
2023 · 2.84
Debt
€78k▼
2023 · €83k
Debt ≤ 1 year
€78k▼
2023 · €83k
Income taxes
€12k▲
2023 · €9k
Staff costs
€23k▼
2023 · €29k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€151k€174k▲
Fixed assets21/28€4k€3k▼
Tangible fixed assets22/27€2k€854▼
Plant, machinery and equipment23€583€192▼
Furniture and vehicles24€2k€662▼
Financial fixed assets28€2k€2k▲
Current assets29/58€147k€171k▲
Amounts receivable within one year40/41€79k€111k▲
Trade receivables40€42k€69k▲
Other amounts receivable41€38k€41k▲
Cash at bank and in hand54/58€58k€61k▲
Deferred charges and accrued income490/1€9k-
Equity and liabilities
Total equity and liabilities10/49€151k€174k▲
Equity10/15€68k€96k▲
Contributions10/11€19k€19k=
Reserves13€1k€1k=
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Profit (loss) carried forward14€48k€76k▲
Amounts payable17/49€83k€78k▼
Amounts payable within one year42/48€83k€78k▼
Trade debts44€58k€18k▼
Suppliers440/4€58k€18k▼
Taxes, remuneration and social security45€25k€31k▲
Taxes450/3€17k€24k▲
Remuneration and social security454/9€8k€7k▼
Other amounts payable47/48-€30k
Income statement
Code20232024
Remuneration, social security and pensions62€29k€23k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€28k-
Other operating charges640/8€3k€385▼
Gross operating margin9900€107k€111k▲
Operating profit (loss)9901€46k€86k▲
Financial income75/76B-€1k
Recurring financial income75-€1k
Financial charges65/66B€17k€18k▲
Recurring financial charges65€17k€18k▲
Profit (loss) for the period before taxes9903€29k€69k▲
Income taxes67/77€9k€12k▲
Profit (loss) for the period9904€20k€58k▲
Profit (loss) for the period to be appropriated9905€20k€58k▲
Appropriation of the result
Profit (loss) to be appropriated9906€48k€106k▲
Profit (loss) brought forward from the previous period14P€28k€48k▲
Profit to be distributed694/7-€30k
Directors or managers695-€30k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2024
31-12
Financial
Highest result since 2019net €58k ▲187%
Operating result €86k, net result €58k, both a record.
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €4k ▼20.2%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 121 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Aalst · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gentse steenweg 689300 AalstGround area
201 m²
Building footprint
142 m²
Volume, LiDAR
831 m³
Parcel 41302C1219/52K004, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GRC Business
since 20182.278.931.361
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41302C1219/52K004 | Flanders | 201 m² | 1 · 142 m² | 11.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,292 companies in sector 43350 we hold annual accounts for 2,359. 1,977 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-09-2018
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43350Other building finishing work
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.