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GRCS

Active Private limited companyfounded 2015active for 11 yearsZwaluwendreef 12, 2460 KasterleeKBO/BCE: BE 0599.846.713

Overview

Lifetime

10 annual accounts with figures on one time axis
peak €65,320 (2018)
€24,287▼ 59.4%
lowest -€3,471 (2019)
€7,197▼ 71.7%
peak €74,380 (2021)
€46,691▲ 41.3%
€8,459▼ 68.9%
Board2 names since 2015
1 director
Documentsfilings and deeds
28-08-202628 days late
2025micro format
Gross margin from €59,892 to €24,287Result from €25,470 to €7,197Equity from €33,036 to €46,691Debts from €27,193 to €8,459

Key points

from the 2025 annual accounts

Equity

€46,691 ▲ 41.3%

GRCS has made a profit without a break since 2020.

Liquidity

5.00 was 1.55 in 2024

Short-term debts fell from €24,892 to €8,459.

Filings

10 annual accounts 8 late
AprilJune31 JulyOctober20202025

The 2023 accounts came latest: 61 days after the end of the period.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 34,721 companies had the same profile as GRCS has now. Each dot stands for 87 companies, two years later.

95.3%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
Test of the method

The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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 2.9% 3.1%
10 5.6% 6.1%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 34,721 companies, not a prediction for GRCS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0599846713
Change of role: , from manager to director “Onderwijs in de ruimste zin; het doceren van (bij)lessen, studiebegeleiding, beroepsopleiding zowel…” (deed in Dutch) · Legal-form conversion: to private limited company · General meeting of 02-05-2023 · Gazette deed
Incorporation Founders: and · Founding capital of €18,600, 100 shares, €6,200 paid up · Appointment: (manager) · published on 13-03-2015 · Gazette deed
First establishment Zwaluwendreef 12, Kasterlee
All 20 events

Comparable companies

same main activity, similar in size and age
Company
GRCS Kasterlee €55,150 €24,287 84.7% -
CONNECT TO Wezembeek-Oppem €58,558 €24,406 52.4% -
META COMMUNICATIONS Andenne €49,464 €24,290 12.5% -
Archon Limited Hasselt €57,243 €21,625 9.7% -
PRIXO Pittem €50,986 €29,731 -181.0% -
Tired of Trees Haaltert €61,744 €26,389 45.9% -
ERVEL Antwerp €69,049 €26,460 67.9% -

These companies have the same main activity as GRCS: computer programming (NACE 62100). They are comparable in size and age: total assets between €49,500 and €69,000, founded between 2014 and 2016.

Official details

Source: KBO
Status
Active since 27-02-2015Normal situation
Activity
Computer programmingNACE 62100and 1 other
Establishment unit
2.240.109.1892460 Kasterlee, since 27-02-2015
Financial year end
31 December
Peppol
Reachable since 28-07-2024
Company details

Annual accounts 2025

€24,287▼ 59.4%
≈ €130,000estimated
€7,197▼ 71.7%
€46,691▲ 41.3%
€55,150▼ 8.4%
Filing
Filed on 28-08-2026
Financials

Insights on GRCS

GRCS files the micro format. That format states no turnover. The gross margin fell from €40,716 in 2016 to €24,287 in 2025.

The balance sheet grew most in 2021 through fixed assets.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 28-08-2026, 28 days late
€24,287
▼ 59.4%
€10,329
▼ 77.9%
€7,197
▼ 71.7%
€33,863
▲ 148%
84.7%
▲ 29.8 percentage points
5.00
▲ 3.46

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €130,000. Estimated: probably between €70,000 and €250,000.

Balance sheet

balance sheet total €55,150 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

84.7%

Higher than 81% of 22,044 companies in 2025.

5.00

Higher than 75% of 21,344 companies in 2025.

13.0%

Higher than 41% of 21,535 companies in 2025.

GRCS Middle half of the sector 80% of the sector Micro accounts in computer programming and consultancy (NACE 62)

Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016
Balance sheet: assets
20/58 55,15060,22892,563109,945126,43069,34070,982120,54885,82375,388
21/28 12,82821,68834,09846,50858,91810,85910,62721,03731,48742,372
21 ------1141,4812,8484,215
22/27 12,82821,68834,09846,50858,91810,85910,51319,55628,63838,156
23 1794216639061,148-----
24 5,96813,75025,08236,41547,747-6999,09217,52426,391
26 6,6817,5168,3529,18810,02310,8599,81310,46411,11511,765
29/58 42,32238,54158,46563,43667,51258,48160,35599,51154,33633,017
40/41 18,60913,78411,14615,54314,83117,79519,42711,76051,52321,339
40 010,4087,7708,70012,26614,7839,5509,34043,04710,405
41 18,6093,3763,3766,8432,5653,0139,8772,4208,47610,934
50/53 -020,00020,00020,00020,00020,00020,000--
54/58 23,34324,71427,31927,89432,68119,60620,92867,7512,81311,678
490/1 36943--01,079----
Balance sheet: equity and liabilities
10/49 55,15060,22892,563109,945126,43069,34070,982120,54885,82375,388
10/15 46,69133,03657,08357,08374,38052,69520,38011,45140,12714,225
10/11 20,46020,46020,46018,60018,60018,60018,6006,2006,2006,200
100 ------18,60018,60018,60018,600
101 -------12,40012,40012,400
13 26,23112,57636,62338,48355,78034,0951,8605,25133,9278,025
130/1 --01,8601,8601,860----
130 ------1,8601,8601,8601,860
1311 --01,8601,8601,860----
133 26,23112,57636,62336,62353,92032,235-3,39132,0676,165
14 00000--80---
17/49 8,45927,19335,48052,86252,05016,64550,602109,09745,69661,163
17 02,30111,45120,51529,492-6,51113,49920,36627,117
170/4 02,30111,45120,51529,492-6,51113,49920,36627,117
42/48 8,45924,89224,02932,34722,55816,64544,09095,59825,33034,046
42 6,6839,1509,0648,9788,8936,5116,9876,8686,7516,635
44 1,7761,1375471,7684,9793,9641,8952,2189435,713
440/4 1,7761,1375471,7684,9793,9641,8952,2189435,713
45 08,1462,6011,5962,406101,8442,4612157
450/3 06,6521,1081,5962,406101,8442,4612157
454/9 01,4931,493-------
47/48 06,45911,81720,0056,2806,15933,36584,05217,61521,641
Income statement
9900 24,28759,89244,08539,48148,04343,58522,01365,32049,71740,716
630 13,02112,41012,41012,4109,8131,61810,41010,45010,88521,817
640/8 9378268387661,1954481,0301,0187141,454
66A ---------4,767
9901 10,32946,65730,83626,30537,03541,52010,57353,85238,11817,444
75/76B 01512115,93782176125533
75 01512110082176125533
76B ---015,837-----
65/66B 3554936435508524305446296015,085
65 355493643550852430544629601318
66B ---------4,767
9903 9,97446,17830,20625,75552,12041,17110,20553,23537,57212,392
67/77 2,77820,7088,38911,05210,4358,85713,67611,91111,6694,367
9904 7,19725,47021,81714,70341,68532,315-3,47141,32425,9028,025
9905 7,19725,47021,81714,70341,68532,315-3,47141,32425,9028,025
Appropriation of the result
9906 13,65525,47021,81714,70341,68532,235-3,47141,32425,9028,025
14P 6,459---0-----
791/2 036,6001,86032,000--3,39128,676--
691/2 13,65512,5531,86014,70341,68532,235--25,9028,025
691 -01,860-------
6920 ---------1,860
6921 13,65512,553014,70341,68532,235--25,9026,165
694/7 049,51821,81732,0000--70,000--
694 049,51821,81732,0000--70,000--
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 28-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 28 days after the deadline. Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00443703.

Financial year Type Filed Reference Document
31-12-2025 micro format 28-08-2026 2026-00443703 PDF
31-12-2024 micro format 26-08-2025 2025-00401818 PDF
31-12-2023 micro format 30-09-2024 2024-00481239 PDF
31-12-2022 micro format 01-09-2023 2023-00408085 PDF
31-12-2021 micro format 07-08-2022 2022-20274262 PDF
31-12-2020 micro format 30-07-2021 2021-42700157 PDF
31-12-2019 micro format 11-09-2020 2020-52300281 PDF
31-12-2018 micro format 23-08-2019 2019-49100287 PDF
31-12-2017 micro format 09-08-2018 2018-44500307 PDF
31-12-2016 abbreviated format 24-07-2017 2017-35700354 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016
23,35059,06743,24638,71546,84843,13720,98364,30249,00339,261
20,21737,88034,22727,11351,49833,9326,93951,77436,78729,842
4,16100057,8721,85000063,234
-1,370-2,605-575-4,78713,075-1,322-46,82364,938-8,864-
33,86313,64934,43631,08944,95441,83516,2653,91329,007-1,030
84.7%54.9%61.7%51.9%58.8%76.0%28.7%9.5%46.8%18.9%
5.001.552.431.962.993.511.371.042.150.97
0.180.820.620.930.700.322.489.531.144.30
15.4%77.1%38.2%25.8%56.0%61.3%-17.0%360.9%64.6%56.4%
13.0%42.3%23.6%13.4%33.0%46.6%-4.9%34.3%30.2%10.6%
65.78over 10067.2670.3754.99-----

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Securities and guarantees

on own assets and for others
Item20252024202320222021
Carrying value of the other pledged assets-€21,688-€29,408-

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€4,161---€57,872
€13,021€12,410€12,410€12,410€9,813

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on GRCS

The operating result for 2025 is 78% lower than in 2024 and the lowest since 2016.

Debt's share of the balance-sheet total falls from 45.1% to 15.3%. Equity is higher and debt is lower.

Board & ownership

Board

1 director, no change since 2023
Director
listed in the 2025 annual accounts, filed on 28-08-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each manager alone
deed of 13-03-2015

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today

Director

Director (not named in the articles)
BoardEarliermandate already running before its first mentionend not dated
Mandates as a list
    • Director, since before 31-12-2024
    • Manager, appointed by deed of 13-03-2015, until 16-05-2023
    • Director (not named in the articles), appointed by deed of 16-05-2023, no longer listed in the 2025 annual accounts

See the board, name and registered office on a given date →

Control

Capital

Contribution
€20,460
Source
2025 annual accounts

Articles of association

deed of 16-05-2023 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
“Vaste vertegenwoordiger rechtspersoon bestuurder, kan niet in eigen naam noch als vaste vertegenwoordiger van andere…”
“Bestuursorgaan bepaalt of elk alleen, gezamenlijk of als college optreden, handelingen en beslissingen die niet verder reiken dan behoeften…”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Monday of June at 20:00

Capital transactions

Capital over time
  1. 16-05-2023 Converted to unavailable equity · €18,600
  2. 16-05-2023 Converted to unavailable equity · €1,860

Network & group

No group

GRCS has no parent and no holdings in its annual accounts. is the only director. GRCS shares no director with another company.

At the same address

Zwaluwendreef 12, 2460 Kasterlee · 1 other company
Raeymaekers, Daan (sole trader)
establishment since 01-05-2025
founded in 2025
1022.539.752

Timeline

Timeline

20 events since 2015

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 28 days late
2025
Liquidity more than triples current ratio 5.00 The current ratio rises from 1.55 to 5.00. Short-term debt falls from €24,892 to €8,459.
Annual accounts 2024 filed PDFmicro format · 26 days late
2024
Annual accounts 2023 filed PDFmicro format · 61 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0599846713
2023
Annual accounts 2022 filed PDFmicro format · 32 days late
Change of role: , from manager to director“Onderwijs in de ruimste zin; het doceren van (bij)lessen, studiebegeleiding, beroepsopleiding zowel…” (deed in Dutch) · Legal-form conversion: to private limited company · General meeting of 02-05-20238 points ▸
  • General meeting, 02-05-2023
  • Purpose change, “Onderwijs in de ruimste zin; het doceren van (bij)lessen, studiebegeleiding, beroepsopleiding zowel theoretisch als praktijkgericht, zowel dagonderwijs als ’s a…” (deed in Dutch)
  • Legal-form conversion, to private limited company
  • 100 shares
  • Director resignation, (manager)
  • Director appointment, (director (not named in the articles))
  • Registered office clause, Zwaluwendreef 12, 2460 Kasterlee
  • Power of attorney,
  • The deed holds 5 more points.

Open the deed in the Belgian Official Gazette

2022
Annual accounts 2021 filed PDFmicro format · 7 days late
2021
Highest result from 2016 to 2025 net €41,685 ▲29% The net result of €41,685 is the highest of those years.
Annual accounts 2020 filed PDFmicro format · 1 day before the deadline
2020
Back to profit net €32,315 The net result is €32,315, after one loss-making year.
Liquidity more than doubled current ratio 3.51 The current ratio rises from 1.37 to 3.51. Short-term debt falls from €44,090 to €16,645.
Annual accounts 2019 filed PDFmicro format · 42 days late
2019
Weakest financial year net -€3,471 The net result drops to -€3,471, the lowest from 2016 to 2025. It recovers the following year.
Annual accounts 2018 filed PDFmicro format · 23 days late
2018
Annual accounts 2017 filed PDFmicro format · 9 days late
2017
Liquidity more than doubled current ratio 2.15 The current ratio rises from 0.97 to 2.15. Short-term debt falls from €34,046 to €25,330.
Annual accounts 2016 filed PDFabbreviated format · 7 days before the deadline
2015
IncorporationFounders: and · Founding capital of €18,600, 100 shares, €6,200 paid up · Appointment: (manager) · published on 13-03-20156 points ▸
  • Founder,
  • Founder,
  • Founding capital, €18,600, 100 shares
  • Capital, €18,600, 100 shares
  • Director appointment, (manager)
  • Permanent representative,
  • The deed holds 2 more points.

Open the deed in the Belgian Official Gazette

First establishment Zwaluwendreef 12, Kasterlee

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 27 February 2015, GRCS was incorporated.1 is director of the company according to the 2025 annual accounts.2 Total assets went from €120,548 in 2018 to €55,150 in 2025.3

  1. 1KBO register
  2. 2National Bank, annual accounts 2025
  3. 3National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0599.846.713
VAT number
BE 0599.846.713
Peppol ID
0208:0599846713
LEI code
254900FHT1Z79G8I5Z30 no longer live in the LEI register
Legal form
Private limited company
Status
Active, normal situation
Founded
27-02-2015
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Monday of June at 20:00
deed of 16-05-2023 (in Dutch)
Written decisionsA decision can be taken without a meeting when everyone involved agrees in writing.
“Schriftelijke algemene vergadering, besluiten die bij authentieke akte moeten worden verleden”
deed of 16-05-2023 (in Dutch)
Peppol
Reachable since 28-07-2024Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
GRCS in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 16-05-2023 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 16-05-2023 (in Dutch)

Activities

NACEBEL 2025
62100 Computer programming main activity
Codes under NACEBEL 2008
62010 Computer programming, consultancy and related activities main activity
62020 IT consultancy
PurposeThe purpose describes the activities the company may carry out under its articles.
“Onderneming voor het optrekken van gebouwen (ruwbouw en onder dak zetten): betonboring; zagen, hakken en trekken van sleuven in gebouwen en…”
10 activities
  1. Onderneming voor het optrekken van gebouwen (ruwbouw en onder dak zetten): betonboring; zagen, hakken en trekken van sleuven in gebouwen en wegen; betonherstelling uitgevoerd met cement en zand of beton; algemene bouwwerkzaamheden beperkt tot de coördinatie van werken uitgevoerd door onderaannemers; onderneming voor het optrekken van niet-metalen uitneembare paviljoenen en barakken; onderneming voor slopings werken van gebouwen en kunstwerken;
  2. Onderneming voor het bouwen van stellingen alsmede voor het invoegen van gevels; onderneming voor het leggen van tegelvloeren en mozaïek en plaatsen van wand- en vloerbekledingen met uitzondering van hout; onderneming voor plafonneer, cementeer- en alle andere pleisterwerken; onderneming voor het reinigen van gevels; onderneming voor het saneren, het instand houden of het in zijn oorspronkelijk staat terugbrengen van gebouwen en monumenten; onderneming voor timmeren schrijnwerk voor gebouwen; onderneming voor het plaatsen van ijzerwerken, metalen luiken en metalen schrijnwerk; onderneming voor het bedekken van muren en zolderingen door het aanbrengen metalen elementen; onderneming voor metalen constructies en metalen kunstwerken;
  3. Handel in bouwmaterialen.
  4. De installatie in gebouwen en andere bouwwerken van: industriële machines; elektrische bedrading en toebehoren; hulpvoedingssystemen; bedrading voor telefooninstallaties en computersystemen; elektrische verwarmingsinstallaties; liften en roltrappen; bewakingssystemen en alarminstallaties; antennes en bliksemafleiders; fabricage van elektrisch materiaal voor de nijverheid, herstelling van elektrisch materiaal voor de nijverheid, werkplaats voor het herstellen van elektrisch en radio-elektrisch materiaal, van automatische verdelers en van mechanische spelen; groot- en kleinhandel in elektrisch en elektronisch materiaal, inclusief installatiemateriaal;
  5. Ontwerpen, monteren en onderhoud van geautomatiseerde systemen;
  6. Ontwerpen en programmeren van computerprogramma's, computerconsultancy-activiteiten en aanverwante activiteiten; Verlenen van advies over soorten computers (hardware) en hun configuratie en toepassing van bijbehorende programmatuur (software) : analyseren van behoeften en problemen van gebruiker en het aanbieden van programma’s; Beheer van computerfaciliteiten; Overige diensten op het gebied van informatietechnologie en computer; Groot- en detailhandel in computers, randapparatuur en software; Het onderhoud en de reparatie van computers en randapparatuur.
  7. Het verlenen van adviezen en hulp aan het bedrijfsleven en de overheid op het gebied van planning, organisatie, efficiëntie en toezicht, het verschaffen van informatie aan de bedrijfsleiding, enzovoort.
  8. Onderwijs in de ruimste zin; het doceren van (bij)lessen, studiebegeleiding, beroepsopleiding zowel theoretisch als praktijkgericht, zowel dagonderwijs als ’s avonds, zowel in het algemeen secundair, het buitengewoon, het hoger en postsecundair niet hoger-onderwijs.
  9. Alle onderwijsondersteunende activiteiten; opzetten van ontwikkelingslijnen, organisatie van hybride onderwijs en praktijkgerichte toepassingen.
  10. Overige vormen van onderwijs, beroepsopleiding; sport- en recreatieonderwijs, cultureel onderwijs, rij- en vaaronderricht.
deed of 16-05-2023 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Zwaluwendreef 12 registered office 2460 Kasterlee 27-02-2015 2.240.109.189

Buildings and parcels at the address

Ground area
1,751 m²
Buildings
142 m²
Volume, LiDAR
710 m³
Tallest building
7.0 m
Buildings to scale, each on its own parcel
142 m², 7.0 m 142 m², 7.0 m

Location

registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
13018D0223/00H0261,751 m² 1 · 142 m² 7.0 m · 2