Active BE 1003.261.003Private limited company

GRCH

Rue Grande(PR) 8 ·6250 Aiseau-Presles, Belgium· 2 yrs active

Sector: Retail trade (47519)

Conclusion Checked

The computed 12-month bankruptcy probability of GRCH is 1.9% (moderate). The 2025 annual accounts show equity of €81k and a net result of €12k. Its solvency ranks better than 21% of 4023 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€81k
Net result	€12k
Staff (FTE)	1.3
Better than sector	21%

Financial profile 5 of 5 axes measured · computed by Checked

54 / 100

Mixed profile: strong on stability, weaker on solvency.

All 5 axes are computed from data Checked has read.

Health 40

Profitability 74

Solvency 20

Growth 52

Stability 82

Bankruptcy probability (12 mo) Checked model v1 · free

1.9% Moderate

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Young company

Founded in 2023, under 3 years, statistically higher risk.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

40 / 100 Weak

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€4k

estimate, not credit advice

Score history

40 2024

40 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 1.07 (≥ 1.0) +5

Quick ratio Quick ratio 0.19 (< 0.6) -5

Leverage Debt/equity 8.72 (> 3.0) -10

Profitability ROE 15% (≥ 10%) +10

Interest coverage Interest coverage 1.0× (< 1.5×) -10

Profit trend Net profit down YoY -3

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview2 NBB filings

Annual accounts filed on 31-03-2026 with the NBB · fiscal year 2025 · full schema

Operating resultNet result

Sector comparison

Fiscal year 2025 · NACE 47, Retail trade · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	10.3%	36.1%	better than 21% of 4023 sector peers
Net result	€12k	€42k	better than 37% of 4022 sector peers
Equity	€81k	€441k	better than 21% of 4024 sector peers
Gross operating margin	€1.04M	€324k	better than 84% of 3198 sector peers
Staff costs	€49k	€340k	higher than 10% of 3522 sector peers

EBITDA

€929k

+241.3% 24-25

Net profit

€12k

-37.8% 24-25

Cash flow

€33k

+21.1% 24-25

Total assets

€790k

+44.1% 24-25

Equity

€81k

+17.3% 24-25

Working capital

€48k

+13.1% 24-25

Employees (FTE)

1

-35.0% 24-25

Staff costs

€49k

+169.4% 24-25

Income taxes

€6k

+14.7% 24-25

Debt

€708k

+48.0% 24-25

Debt ≤ 1y

€665k

+54.8% 24-25

Debt > 1y

€43k

-11.9% 24-25

Current ratio

1.07

-2.4% 24-25

Quick ratio

0.19

-3.9% 24-25

Solvency

10.3%

-18.6% 24-25

Debt / equity

8.72

+26.1% 24-25

ROE

14.7%

-47.0% 24-25

ROA

1.5%

-56.9% 24-25

Interest coverage

1.04

-7.8% 24-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024
Deposit	full schema	full schema
Revenue	-	-
EBITDA	€929k	€272k
Net profit	€12k	€19k
Cash flow	€33k	€27k
Staff costs	€49k	€18k
Income taxes	€6k	€5k
Dividends	-	-
Total assets	€790k	€548k
Equity	€81k	€69k
Debt	€708k	€479k
of which ≤ 1y	€665k	€430k
of which > 1y	€43k	€49k
Working capital	€48k	€42k
Employees (FTE)	1.3	2.0

Ratios (computed)

	2025	2024
Current ratio	1.07	1.10
Quick ratio	0.19	0.20
Working capital ratio	6.1%	7.7%
Solvency	10.3%	12.6%
Debt / equity	8.72	6.91
Long-term debt ratio	0.53	0.70
Interest coverage	1.04	1.13
Gross margin	-	-
Net margin	-	-
ROA	1.5%	3.5%
ROE	14.7%	27.8%
EBITDA margin	-	-
Days sales outstanding	-	-
Days payable outstanding	-	-
Inventory turnover	-	-
Days inventory (DSI)	-	-

Balance-sheet composition 2025

Assets

Fixed assets €76k · 9.7% Current assets €713k · 90.3%

Equity & liabilities

Equity €81k · 10.3% Debt €708k · 89.7%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€790k	€548k
Fixed assets	21/28	€76k	€76k
Formation expenses	20	€0	€381
Tangible fixed assets	22/27	€76k	€76k
Current assets	29/58	€713k	€472k
Stocks & contracts in progress	3	€587k	€387k
Amounts receivable within one year	40/41	€113k	€28k
Cash & bank	54/58	€7k	€54k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€790k	€548k
Equity	10/15	€81k	€69k
Contributions / capital	10/11	€50k	€50k
Accumulated profits (losses)	14	€31k	€19k
Amounts payable	17/49	€708k	€479k
Amounts payable after one year	17	€43k	€49k
Amounts payable within one year	42/48	€665k	€430k
Trade debts payable within one year	44	€419k	€239k
Income statement
Gross operating margin	9900	€1.04M	€329k
Operating result	9901	€908k	€264k
Financial income	75	€665	€825
Financial charges	65	€891k	€241k
Result before taxes	9903	€18k	€24k
Income taxes	67/77	€6k	€5k
Net result for the period	9904	€12k	€19k
Result to be appropriated	9905	€12k	€19k

Legal Structure

NACE primary	Retail trade(47519)
Legal form	Private limited company(610)
Incorporation	12-12-2023
Status	Active
Postal code	6250

Establishment units 1 location

Rue des Flaches(GER) 112, 6280 Gerpinnes

Retail sale of women's outerwear

since 20232.353.957.693

Real-estate footprint Source: CBE × cadastre

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
52025A0212/00V002	Wallonia	663 m²	1 · 175 m²	-
52057C0379/00N002	Wallonia	328 m²	1 · 468 m²	8.6 m · 1 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 2 events

All 2Filings 2

Next filing, fiscal year 2026, expected by 28-02-2027

2026

31-03

NBB filing Annual accounts filed

fiscal year 2025 · full schema · 31 days late

2025

03-03

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 3 days late

NBB filing

Belgian State Gazette reading coverage 0 of 1 acts read

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Retail trade47519Retail sale of clothing and accessories for women, men, children and babies (general range)47716

Names & trade names

Legal nameFR	GRCH
Trade nameFR	La Maison by GL

Similar companies Comparable size · 122 of 274 companies in this sector with filed accounts

CM store BE 0791.390.930 · Pepinster

QUDRAT TRADE BE 0688.940.916 · Schaarbeek

XIN MI BE 0648.879.718 · Anderlecht

The Home Fabric BE 0671.879.903 · Zaventem

18 BE 0819.825.588 · Knokke-Heist