GRCM
ActiveSummary
GRCM has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1,670 and a net result of €15,062. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 24% of 18626 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▼-5
Solvency27▲+19
Growth69=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 18626 sector peers (2025).
NBB · sector comparisonPosition among 18626 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-09-2026, 53 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
53 d late
2024
139 d late
2023
79 d late
2022
28 d late
2021
19 d late
2020
27 d late
2019
38 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 55 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 22 September (4 of the last 5 filed years within 34 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€67,091▼ 15.8%
2021 · €79,659
EBIT margin
13.1%▲ 13.9pp
2021 · -0.8%
Net result
€15,062▼ 5.8%
2024 · €15,990
Working capital
€944
2024 · -€13,982
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€79,659▲ 67.2%€67,091▼ 15.8%
Operating result-€661€8,757€6,968▼ 20.4%€16,857▲ 142%€17,486▲ 3.7%
Net result-€878within the sector's middle half€8,519within the sector's middle half€6,623within the sector's middle half▼ 22.3%€15,990within the sector's middle half▲ 141%€15,062within the sector's middle half▼ 5.8%
EBIT margin-0.8%▼ 5.5pp13.1%▲ 13.9pp
Equity-€23,524below the sector's middle half▼ 3.9%-€15,005below the sector's middle half▲ 36.2%-€14,382below the sector's middle half▲ 4.2%-€13,392below the sector's middle half▲ 6.9%€1,670below the sector's middle half
Total assets€44,638below the sector's middle half▲ 1.9%€41,822below the sector's middle half▼ 6.3%€54,708below the sector's middle half▲ 30.8%€79,731within the sector's middle half▲ 45.7%€93,254within the sector's middle half▲ 17.0%
Debt€68,162▲ 2.6%€56,827▼ 16.6%€69,090▲ 21.6%€93,123▲ 34.8%€91,584▼ 1.7%
Working capital-€25,374below the sector's middle half▼ 6.9%-€16,139below the sector's middle half▲ 36.4%-€15,315below the sector's middle half▲ 5.1%-€13,982below the sector's middle half▲ 8.7%€944within the sector's middle half
Solvency-52.7%below the sector's middle half▼ 1.0pp-35.9%below the sector's middle half▲ 16.8pp-26.3%below the sector's middle half▲ 9.6pp-16.8%below the sector's middle half▲ 9.5pp1.8%below the sector's middle half▲ 18.6pp
Current ratio0.63below the sector's middle half▼ 0.020.72below the sector's middle half▲ 0.090.78below the sector's middle half▲ 0.060.85within the sector's middle half▲ 0.071.01within the sector's middle half▲ 0.16
Return on assets (ROA)-2.0%below the sector's middle half▼ 6.4pp20.4%above the sector's middle half▲ 22.3pp12.1%above the sector's middle half▼ 8.3pp20.1%above the sector's middle half▲ 7.9pp16.2%above the sector's middle half▼ 3.9pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 4% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €93,254
Fixed assets
€726 ▲ 23.0%
Current assets
€92,527 ▲ 16.9%
Equity and liabilities €93,254
Equity
€1,670
Debt
€91,584
Debt finances 98.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€17,846▲
2024 · €17,199
Cash flow
€15,422▼
2024 · €16,333
Quick ratio
0.94▲
2024 · 0.74
Debt to equity
54.84▲
2024 · -6.95
ROE
901.9%
Interest coverage
79.35▲
2024 · 19.84
Debt ≤ 1 year
€91,584▼
2024 · €93,123
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 931 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.9%
went bankrupt
4.6%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 931 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €79,659 | €67,091 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €77,543 | €56,356 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €500 | €716 | €468 | €342 | €360 | ▲ 5.2% |
| Other operating charges640/8 | €2,277 | €1,262 | €2,456 | €1,276 | €1,181 | ▼ 7.5% |
| Gross operating margin9900 | €2,116 | €10,735 | €9,892 | €18,476 | €19,028 | ▲ 3.0% |
| Operating profit (loss)9901 | -€661 | €8,757 | €6,968 | €16,857 | €17,486 | ▲ 3.7% |
| Financial income75/76B | €9 | €11 | €2 | - | €0 | - |
| Recurring financial income75 | €9 | €11 | €2 | - | €0 | - |
| Financial charges65/66B | €226 | €249 | €347 | €867 | €2,425 | ▲ 180% |
| Recurring financial charges65 | €226 | €249 | €347 | €867 | €225 | ▼ 74.1% |
| Non-recurring financial charges66B | - | - | - | - | €2,200 | - |
| Profit (loss) for the period before taxes9903 | -€878 | €8,519 | €6,623 | €15,990 | €15,062 | ▼ 5.8% |
| Profit (loss) for the period9904 | -€878 | €8,519 | €6,623 | €15,990 | €15,062 | ▼ 5.8% |
| Profit (loss) for the period to be appropriated9905 | -€878 | €8,519 | €6,623 | €15,990 | €15,062 | ▼ 5.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €44,638 | €41,822 | €54,708 | €79,731 | €93,254 | ▲ 17.0% |
| Fixed assets21/28 | €1,850 | €1,134 | €933 | €591 | €726 | ▲ 23.0% |
| Tangible fixed assets22/27 | €1,850 | €1,134 | €933 | €591 | €726 | ▲ 23.0% |
| Plant, machinery and equipment23 | €1,850 | €1,134 | €723 | €470 | €216 | ▼ 54.0% |
| Furniture and vehicles24 | - | - | €210 | €121 | €510 | ▲ 321% |
| Current assets29/58 | €42,788 | €40,688 | €53,775 | €79,141 | €92,527 | ▲ 16.9% |
| Stocks and contracts in progress3 | €36,600 | €23,200 | €6,400 | €9,800 | €6,400 | ▼ 34.7% |
| Stocks30/36 | €36,600 | €23,200 | €6,400 | €9,800 | €6,400 | ▼ 34.7% |
| Amounts receivable within one year40/41 | €980 | €7,878 | €28,320 | €62,870 | €73,725 | ▲ 17.3% |
| Trade receivables40 | €980 | €7,878 | €28,320 | €62,858 | €73,712 | ▲ 17.3% |
| Other amounts receivable41 | - | - | - | €12 | €12 | = |
| Cash at bank and in hand54/58 | €5,208 | €9,610 | €19,055 | €6,471 | €12,403 | ▲ 91.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €44,638 | €41,822 | €54,708 | €79,731 | €93,254 | ▲ 17.0% |
| Equity10/15 | -€23,524 | -€15,005 | -€14,382 | -€13,392 | €1,670 | ▲ 112% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Revaluation surpluses12 | - | - | €194 | €194 | - | - |
| Reserves13 | €194 | €194 | - | - | €194 | - |
| Non-distributable reserves130/1 | €194 | €194 | - | - | €194 | - |
| Reserves not available under the articles1311 | €194 | €194 | - | - | €194 | - |
| Profit (loss) carried forward14 | -€42,318 | -€33,799 | -€33,176 | -€32,186 | -€17,124 | ▲ 46.8% |
| Amounts payable17/49 | €68,162 | €56,827 | €69,090 | €93,123 | €91,584 | ▼ 1.7% |
| Amounts payable within one year42/48 | €68,162 | €56,827 | €69,090 | €93,123 | €91,584 | ▼ 1.7% |
| Trade debts44 | €4,404 | €7,743 | €7,318 | €34,812 | €64,971 | ▲ 86.6% |
| Suppliers440/4 | €4,404 | €7,743 | €7,318 | €34,812 | €64,971 | ▲ 86.6% |
| Taxes, remuneration and social security45 | €790 | €2,263 | €3,831 | €3,266 | €2,866 | ▼ 12.3% |
| Taxes450/3 | €790 | €2,263 | €3,831 | €3,266 | €2,866 | ▼ 12.3% |
| Other amounts payable47/48 | €62,968 | €46,821 | €57,940 | €55,044 | €23,747 | ▼ 56.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€878 | €8,519 | €6,623 | €15,990 | €15,062 | ▼ 5.8% |
| + Depreciation and write-downs630 | €500 | €716 | €468 | €342 | €360 | ▲ 5.2% |
| Operating cash flow (approximation) | -€378 | €9,235 | €7,091 | €16,333 | €15,422 | ▼ 5.6% |
| Investment in fixed assets (approximation) | - | €0 | -€267 | €0 | -€496 | - |
| Change in cash | - | €4,402 | €9,445 | -€12,584 | €5,932 | ▲ 147% |
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
Next filing, fiscal year 2026, expected by
2026
22-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 53 days late
2025
17-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 139 days late
2024
31-12
Financial
Highest result since 2018net €15,990 ▲141%
Net result €15,990, the highest in the series.
18-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 79 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Back to profitnet €8,519
Net result €8,519 after one loss-making year.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Back to profitnet €1,928
Net result €1,928 after 2 loss-making years.
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 38 days late
2019
18-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 18 days late
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Kortenaken · 1 establishment unit since 2001
Ground area
1,085 m²
Building footprint
125 m²
Volume, LiDAR
928 m³
Parcel 24042B0337/00B000, Flanders · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Ruekebosstraat 36, 3471 Kortenaken
since 20012.116.628.585
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24042B0337/00B000 | Flanders | 1,085 m² | 1 · 125 m² | 10.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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 10,663 companies in sector 47811 we hold annual accounts for 5,225. 884 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded02-08-2001
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95314Bodywork repair (including spraying and painting)
Contact
E-mail
grcm@skynet.beKortenaken
Phone
016-77.79.68Kortenaken
Fax
016-77.79.68Kortenaken
E-invoicing
Reachable via Peppol
Peppol ID
0208:0475343748
Also
9925:BE0475343748
Registered
13-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.