GRCH
ActiveSummary
The computed 12-month bankruptcy probability of GRCH is 2.5% (moderate). The 2025 annual accounts show equity of €81,260 and a net result of €11,984. Its solvency ranks better than 21% of 5,007 sector peers (NACE 47, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 1.3 FTE
- Equity
- €81,260
- Profit
- €11,984
Why 51raises riskFounded in 2023Liquidity: current ratio 1.07, cash €6,741, halvedEquity €81,260 (10.3% of total assets)lowers riskSize: 1.3 FTE, total assets €789,662Show the evidence
Checked score
About 3 in 100 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 47, micro): better than 27% on solvency, 7% on liquidity, 25% on profitability and 70% on growth.
The bankruptcy probability was computed on 23-10-2026 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).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 2 accounts on average 17 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · full…
- IncorporationAppointment: Lomba Géraldine (director) ·…
Financials · financial year 2025, full format
2025 annual accounts filed late (31 days) Filed on 31 March 2026, deadline 28 February 2026 (7 months after the close on 31 July 2025, Companies Code art. 3:10). Source: NBB, 2026-00071361.
Source amounts without an identifiable currency are assumed to be EUR.
2024 to 2025, 2 financial years
The operating result rises in 2025; 2025 is 244% above 2024.
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.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: 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), Staff (FTE).
Peer companies
Historical observationOf the 2,542 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 94.9% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.5% 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 497,474 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 2,542 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 | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €0.02m | €0.05m | ▲ 169% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.008m | €0.02m | ▲ 163% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0.03m | €0.06m | ▲ 70.0% |
| Other operating charges640/8 | €0.005m | €0.003m | ▼ 39.7% |
| Gross operating margin9900 | €0.3m | €1.0m | ▲ 215% |
| Operating profit (loss)9901 | €0.3m | €0.9m | ▲ 244% |
| Financial income75/76B | €0.001m | €0.001m | ▼ 19.5% |
| Recurring financial income75 | €0.001m | €0.001m | ▼ 19.5% |
| Financial charges65/66B | €0.2m | €0.9m | ▲ 270% |
| Recurring financial charges65 | €0.2m | €0.9m | ▲ 270% |
| Profit (loss) for the period before taxes9903 | €0.02m | €0.02m | ▼ 26.6% |
| Income taxes67/77 | €0.005m | €0.006m | ▲ 14.7% |
| Profit (loss) for the period9904 | €0.02m | €0.01m | ▼ 37.8% |
| Profit (loss) for the period to be appropriated9905 | €0.02m | €0.01m | ▼ 37.8% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €548,033 | €789,662 | ▲ 44.1% |
| Formation expenses20 | €381 | €0 | ▼ 100% |
| Fixed assets21/28 | €75,502 | €76,338 | ▲ 1.1% |
| Tangible fixed assets22/27 | €75,502 | €76,338 | ▲ 1.1% |
| Plant, machinery and equipment23 | €5,482 | €4,331 | ▼ 21.0% |
| Furniture and vehicles24 | - | €3,908 | - |
| Other tangible fixed assets26 | €70,020 | €68,099 | ▼ 2.7% |
| Current assets29/58 | €472,149 | €713,324 | ▲ 51.1% |
| Stocks and contracts in progress3 | €387,287 | €587,035 | ▲ 51.6% |
| Stocks30/36 | €387,287 | €587,035 | ▲ 51.6% |
| Amounts receivable within one year40/41 | €28,240 | €113,437 | ▲ 302% |
| Trade receivables40 | €11,275 | €73,315 | ▲ 550% |
| Other amounts receivable41 | €16,965 | €40,123 | ▲ 136% |
| Cash at bank and in hand54/58 | €53,555 | €6,741 | ▼ 87.4% |
| Deferred charges and accrued income490/1 | €3,068 | €6,110 | ▲ 99.1% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €548,033 | €789,662 | ▲ 44.1% |
| Equity10/15 | €69,275 | €81,260 | ▲ 17.3% |
| Contributions10/11 | €50,000 | €50,000 | = |
| Profit (loss) carried forward14 | €19,275 | €31,260 | ▲ 62.2% |
| Amounts payable17/49 | €478,757 | €708,402 | ▲ 48.0% |
| Amounts payable after more than one year17 | €48,733 | €42,937 | ▼ 11.9% |
| Financial debts170/4 | €48,733 | €42,937 | ▼ 11.9% |
| Amounts payable within one year42/48 | €429,821 | €665,466 | ▲ 54.8% |
| Current portion of amounts payable after more than one year42 | €13,600 | €17,096 | ▲ 25.7% |
| Financial debts43 | €130,000 | €162,446 | ▲ 25.0% |
| Credit institutions430/8 | €130,000 | €162,446 | ▲ 25.0% |
| Trade debts44 | €238,822 | €418,786 | ▲ 75.4% |
| Suppliers440/4 | €238,822 | €418,786 | ▲ 75.4% |
| Advances received on contracts in progress46 | €13,940 | - | - |
| Taxes, remuneration and social security45 | €33,459 | €63,478 | ▲ 89.7% |
| Taxes450/3 | €25,974 | €54,640 | ▲ 110% |
| Remuneration and social security454/9 | €7,485 | €8,838 | ▲ 18.1% |
| Other amounts payable47/48 | - | €3,661 | - |
| Accrued charges and deferred income492/3 | €203 | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €19,275 | €11,984 | ▼ 37.8% |
| + Depreciation and write-downs630 | €8,000 | €21,058 | ▲ 163% |
| Operating cash flow (approximation) | €27,275 | €33,042 | ▲ 21.1% |
| Investment in fixed assets (approximation) | - | -€21,894 | - |
| Change in cash | - | -€46,813 | - |
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 (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-07-2025 | full format | 31-03-2026 | 2026-00071361 |
| 31-07-2024 | full format | 03-03-2025 | 2025-00045110 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Lomba Géraldine |
|
Owners and capital
Capital and shareholders
- Lomba Géraldine 100 shares (100%) · €50,000 in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 14-12-2023 Incorporation · €50,000 · 100 shares
Group and network
Connections & network
2 connected companiesThe connected companies are in the list below.
History
Acts, filings and financial milestones
14-12
Gazette deed
IncorporationAppointment: Lomba Géraldine (director) · Founder · Power of attorney18 facts ▸
- Incorporation, 11-12-2023
- Founder, Lomba Géraldine (comparant)
- Power of attorney, Alexandre BUGGENHOUT
- Founding capital, €50,000
- Bank account, 50000, “BE85 0689 5075 3106” (deed in French)
- Other provision, “plan financier, justification des capitaux propres de départ” (deed in French)
- Other provision, 06-12-2023
- Other provision, “obligation de remettre un plan financier, avertissements légaux préalables” (deed in French)
- Capital
- Other provision, “non-faillite, ne_pas_avoir_été_déclaré_en_faillite_jusqu_à_ce_jour” (deed in French)
- Other provision, “société_pourrait_devoir_obtenir_autorisations_licences_préalables_réglementations_en_vigueur, autorisations_préalables” (deed in French)
- General meeting, “actionnaires_après_constitution, à_dater_dépôt_extrait_acte_constitution_au_greffe_Tribunal_Entreprise_moment_personnalité_morale” (deed in French)
- +6 further facts in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 24 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
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 52025A0212/00V002 | Wallonia | 663 m² | 1 · 175 m² | - |
| 52057C0379/00N002 | Wallonia | 328 m² | 1 · 468 m² | 8.6 m · 1 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- GRCH
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, sièges administratifs, agences, ateliers, dépôts et succursales par simple décision de l'organe d'administration, en…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “ARTICLE ONZE - Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, un ou plusieurs 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” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Organe qui procède à l’émission, actionnaires” (deed in French)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Décision_assemblée_générale_délibérant_formes_modifications_statuts, en tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Liquidateurs, faculté_assemblée_désigner_un_ou_plusieurs_liquidateurs_et_déterminer_pouvoirs_émoluments” (deed in French)