GRCT
ActiveSummary
GRCT has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.7m and a net result of €283,741. Equity is growing by ~17.6% per year across the filed fiscal years. Its solvency ranks better than 39% of 90 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability63=
Solvency52=
Growth82=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €210,000 at 30 days acceptable
Liquidity tight (current ratio 1.05 against 1.02 in 2024; short-term debt: 55.5% and cash: 4.6% of total assets), and 73% of the assets are financed with debt.
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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 39
Relative position
BE, all sectors
reference
Remediation activities and other waste management service activities (NACE 39)
about 46% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
27%
Return on assets
2.1%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
28 d early
2023
37 d early
2022
28 d early
2021
44 d early
2020
43 d early
2019
15 d early
← 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 32 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 35% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#2 company by total assets in the province of Antwerp, Remediation sector#2 company by equity in the province of Antwerp, Remediation sector#4 fastest grower in the province of Antwerp, Water and waste sector
Turnover
€26.2m▲ 17.2%
2024 · €22.3m
EBIT margin
2.0%▼ 0.1pp
2024 · 2.2%
Net result
€283,741▲ 17.0%
2024 · €242,499
Working capital
€385,124▲ 178%
2024 · €138,419
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€15.1m▲ 29.6%€17.7m▲ 17.5%€19.6m▲ 10.8%€22.3m▲ 13.7%€26.2m▲ 17.2%
Operating result€999,484▲ 10.4%€887,322▼ 11.2%€614,568▼ 30.7%€480,175▼ 21.9%€524,535▲ 9.2%
Net result€730,859▲ 12.1%€631,367▼ 13.6%€392,681▼ 37.8%€242,499▼ 38.2%€283,741▲ 17.0%
EBIT margin6.6%▼ 1.2pp5.0%▼ 1.6pp3.1%▼ 1.9pp2.2%▼ 1.0pp2.0%▼ 0.1pp
Equity€2.2m▲ 51.3%€2.8m▲ 29.3%€3.2m▲ 14.1%€3.4m▲ 7.6%€3.7m▲ 8.3%
Total assets€8.1m▲ 31.3%€9.1m▲ 12.1%€10.9m▲ 19.7%€12.8m▲ 17.7%€13.7m▲ 7.1%
Debt€6.0m▲ 25.3%€6.3m▲ 5.8%€7.7m▲ 22.2%€9.4m▲ 21.8%€10.0m▲ 6.7%
Working capital-€565,280▼ 42.2%-€585,649▼ 3.6%-€709,003▼ 21.1%€138,419€385,124▲ 178%
Staff (FTE)42.4▲ 10.7%42.7▲ 0.7%49.4▲ 15.7%55.5▲ 12.3%63.2▲ 13.9%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 9% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.7m
Fixed assets
€5.7m ▲ 9.0%
Current assets
€8.0m ▲ 5.8%
Equity and liabilities €13.7m
Equity
€3.7m ▲ 8.3%
Debt
€10.0m ▲ 6.7%
Debt's share of the balance-sheet total falls from 73.3% to 73.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.6m▲
2024 · €1.4m
Cash flow
€1.4m▲
2024 · €1.2m
Current ratio
1.05▲
2024 · 1.02
Quick ratio
1.04▲
2024 · 1.01
Debt to equity
2.70▼
2024 · 2.75
ROE
7.7%▲
2024 · 7.1%
ROA
2.1%▲
2024 · 1.9%
Interest coverage
19.10▲
2024 · 13.74
Debt ≤ 1 year
€7.6m▲
2024 · €7.4m
Debt > 1 year
€2.2m▲
2024 · €1.9m
Income taxes
€146,774▲
2024 · €125,146
Staff costs
€4.6m▲
2024 · €3.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 289 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 97% are still going.
- Medium-sized
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0%
went bankrupt
3.1%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 289 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €16.1m | €18.0m | €20.1m | €23.0m | €26.8m | ▲ 16.3% |
| Turnover70 | €15.1m | €17.7m | €19.6m | €22.3m | €26.2m | ▲ 17.2% |
| Other operating income74 | €926,055 | €297,238 | €347,514 | €625,557 | €598,207 | ▼ 4.4% |
| Non-recurring operating income76A | €97,606 | €9,122 | €128,189 | €71,781 | - | - |
| Operating charges60/66A | €15.1m | €17.1m | €19.5m | €22.5m | €26.2m | ▲ 16.4% |
| Goods for resale, raw materials and consumables60 | €8.5m | €9.7m | €10.6m | €12.0m | €14.0m | ▲ 16.6% |
| Purchases600/8 | €8.5m | €9.8m | €10.6m | €12.0m | €14.1m | ▲ 16.9% |
| Change in stocks: decrease (increase)609 | -€19,074 | -€21,488 | -€360 | €232 | -€27,836 | ▼ 12,080% |
| Services and other goods61 | €3.2m | €3.7m | €4.3m | €5.1m | €6.2m | ▲ 21.2% |
| Remuneration, social security and pensions62 | €2.5m | €2.6m | €3.3m | €3.9m | €4.6m | ▲ 16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €602,676 | €723,426 | €856,876 | €966,002 | €1.1m | ▲ 15.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €7,118 | €113,395 | €154,471 | €224,620 | €272,770 | ▲ 21.4% |
| Other operating charges640/8 | €232,686 | €186,687 | €256,616 | €293,950 | €52,625 | ▼ 82.1% |
| Non-recurring operating charges66A | €27,878 | - | - | - | - | - |
| Operating profit (loss)9901 | €999,484 | €887,322 | €614,568 | €480,175 | €524,535 | ▲ 9.2% |
| Financial income75/76B | €2,140 | €8,654 | €6,942 | €4,432 | €4,210 | ▼ 5.0% |
| Recurring financial income75 | €2,140 | €8,654 | €6,942 | €4,432 | €4,210 | ▼ 5.0% |
| Income from financial fixed assets750 | - | €1 | - | - | €2 | - |
| Income from current assets751 | - | - | €823 | €2,334 | €885 | ▼ 62.1% |
| Other financial income752/9 | €2,140 | €8,653 | €6,119 | €2,097 | €3,323 | ▲ 58.5% |
| Financial charges65/66B | €35,060 | €40,417 | €73,015 | €116,962 | €98,231 | ▼ 16.0% |
| Recurring financial charges65 | €35,060 | €40,417 | €73,015 | €116,962 | €98,231 | ▼ 16.0% |
| Debt charges650 | - | - | €61,624 | €105,262 | €85,902 | ▼ 18.4% |
| Other financial charges652/9 | €35,060 | €40,417 | €11,390 | €11,700 | €12,328 | ▲ 5.4% |
| Profit (loss) for the period before taxes9903 | €966,564 | €855,559 | €548,496 | €367,645 | €430,514 | ▲ 17.1% |
| Income taxes67/77 | €235,705 | €224,192 | €155,814 | €125,146 | €146,774 | ▲ 17.3% |
| Taxes670/3 | €235,705 | €224,192 | €155,814 | €125,146 | €147,311 | ▲ 17.7% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €537 | - |
| Profit (loss) for the period9904 | €730,859 | €631,367 | €392,681 | €242,499 | €283,741 | ▲ 17.0% |
| Profit (loss) for the period to be appropriated9905 | €730,859 | €631,367 | €392,681 | €242,499 | €283,741 | ▲ 17.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.1m | €9.1m | €10.9m | €12.8m | €13.7m | ▲ 7.1% |
| Fixed assets21/28 | €3.9m | €4.3m | €5.3m | €5.2m | €5.7m | ▲ 9.0% |
| Intangible fixed assets21 | - | - | €18,082 | €10,582 | €3,082 | ▼ 70.9% |
| Tangible fixed assets22/27 | €3.0m | €3.4m | €4.4m | €4.3m | €4.8m | ▲ 11.1% |
| Land and buildings22 | €1.2m | €1.2m | €2.0m | €2.1m | €2.0m | ▼ 5.1% |
| Plant, machinery and equipment23 | €1.6m | €2.0m | €2.1m | €2.0m | €2.4m | ▲ 18.5% |
| Furniture and vehicles24 | €198,509 | €227,905 | €263,410 | €192,574 | €413,113 | ▲ 115% |
| Financial fixed assets28 | €900,000 | €900,000 | €900,000 | €900,000 | €900,000 | = |
| Affiliated companies280/1 | €900,000 | €900,000 | €900,000 | €900,000 | €900,000 | = |
| Participating interests280 | €900,000 | €900,000 | €900,000 | €900,000 | €900,000 | = |
| Current assets29/58 | €4.2m | €4.8m | €5.6m | €7.6m | €8.0m | ▲ 5.8% |
| Stocks and contracts in progress3 | €39,048 | €60,536 | €60,896 | €60,664 | €88,500 | ▲ 45.9% |
| Stocks30/36 | €39,048 | €60,536 | €60,896 | €60,664 | €88,500 | ▲ 45.9% |
| Goods purchased for resale34 | €39,048 | €60,536 | €60,896 | €60,664 | €88,500 | ▲ 45.9% |
| Amounts receivable within one year40/41 | €3.5m | €4.1m | €4.9m | €6.7m | €7.0m | ▲ 4.8% |
| Trade receivables40 | €3.5m | €4.1m | €4.9m | €6.7m | €7.0m | ▲ 4.8% |
| Other amounts receivable41 | - | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Current investments50/53 | €169 | €169 | €168 | €168 | €168 | ▼ 0.1% |
| Other investments51/53 | €169 | €169 | €168 | €168 | €168 | ▼ 0.1% |
| Cash at bank and in hand54/58 | €503,548 | €489,130 | €449,781 | €485,301 | €634,007 | ▲ 30.6% |
| Deferred charges and accrued income490/1 | €195,217 | €145,521 | €211,795 | €296,104 | €231,669 | ▼ 21.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.1m | €9.1m | €10.9m | €12.8m | €13.7m | ▲ 7.1% |
| Equity10/15 | €2.2m | €2.8m | €3.2m | €3.4m | €3.7m | ▲ 8.3% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €110,925 | €110,925 | €110,925 | €110,925 | €110,925 | = |
| Non-distributable reserves130/1 | €10,000 | €10,000 | - | - | - | - |
| Reserves not available under the articles1311 | €10,000 | €10,000 | - | - | - | - |
| Distributable reserves133 | €100,925 | €100,925 | €110,925 | €110,925 | €110,925 | = |
| Profit (loss) carried forward14 | €1.9m | €2.6m | €3.0m | €3.2m | €3.5m | ▲ 8.8% |
| Amounts payable17/49 | €6.0m | €6.3m | €7.7m | €9.4m | €10.0m | ▲ 6.7% |
| Amounts payable after more than one year17 | €1.1m | €831,711 | €1.3m | €1.9m | €2.2m | ▲ 19.1% |
| Financial debts170/4 | €1.1m | €831,711 | €1.3m | €1.9m | €2.2m | ▲ 19.1% |
| Credit institutions173 | €1.1m | €831,711 | €1.3m | €1.9m | €2.2m | ▲ 19.1% |
| Amounts payable within one year42/48 | €4.8m | €5.4m | €6.3m | €7.4m | €7.6m | ▲ 2.5% |
| Current portion of amounts payable after more than one year42 | €386,252 | €298,568 | €284,977 | €580,791 | €642,833 | ▲ 10.7% |
| Financial debts43 | - | €600,000 | €600,000 | - | - | - |
| Credit institutions430/8 | - | €600,000 | €600,000 | - | - | - |
| Trade debts44 | €3.7m | €3.8m | €4.7m | €6.0m | €5.9m | ▼ 2.3% |
| Suppliers440/4 | €3.7m | €3.8m | €4.7m | €6.0m | €5.9m | ▼ 2.3% |
| Advances received on contracts in progress46 | - | €14,622 | €14,336 | €14,089 | €14,990 | ▲ 6.4% |
| Taxes, remuneration and social security45 | €652,839 | €684,953 | €721,490 | €793,218 | €1.1m | ▲ 33.6% |
| Taxes450/3 | €320,189 | €335,748 | €223,641 | €243,718 | €391,031 | ▲ 60.4% |
| Remuneration and social security454/9 | €332,650 | €349,204 | €497,849 | €549,500 | €668,863 | ▲ 21.7% |
| Accrued charges and deferred income492/3 | €52,994 | €84,346 | €77,711 | €98,988 | €179,147 | ▲ 81.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €730,859 | €631,367 | €392,681 | €242,499 | €283,741 | ▲ 17.0% |
| + Depreciation and write-downs630 | €602,676 | €723,426 | €856,876 | €966,002 | €1.1m | ▲ 15.6% |
| Operating cash flow (approximation) | €1.3m | €1.4m | €1.2m | €1.2m | €1.4m | ▲ 15.8% |
| Investment in fixed assets (approximation) | - | -€1.1m | -€1.9m | -€926,072 | -€1.6m | ▼ 71.8% |
| Change in cash | - | -€14,418 | -€39,349 | €35,520 | €148,705 | ▲ 319% |
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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €730,859 ▲12.1%
Operating result €999,484, net result €730,859, both a record.
31-12
Financial
Equity above €2mEq €2.2m ▲51.3%
4 profitable years in a row build equity to €2.2m.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €97,659 ▼52.6%
Net result drops to €97,659, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €1mEq €1.0m ▲10.6%
2 profitable years in a row build equity to €1.0m.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-06
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.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Herenthout · 1 establishment unit since 2007
Ground area
5,826 m²
Building footprint
872 m²
Volume, LiDAR
4,470 m³
Parcel 13012A0423/00Y000, Flanders · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Grondreinigingscentrum Tessenderlo, verkort "GRCT"
since 20072.164.695.154
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13012A0423/00Y000 | Flanders | 5,826 m² | 1 · 872 m² | 6.3 m · 2 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.
Structure & network
Owners and holdings
1 owner · 1 holdingOwners 1
-
38%
Holdings 1
-
33.33%
According to the 2025 annual accounts of GRCT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 59,256 EUR awarded · 59,194 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,943 EUR | 3,481 EUR |
| 2024 | 1 | 2,773 EUR | 1,883 EUR |
| 2023 | 2 | 52,497 EUR | 53,032 EUR |
| 2022 | 1 | 1,043 EUR | 798 EUR |
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Identification & contact
Identification
Legal formPrivate limited company
Founded16-07-2007
Fiscal year end31-12
Activities, NACEBEL 2025
38110Waste collection, recovery and disposal activities
39000Remediation activities and other waste management service activities
43120Site preparation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0890846812
Registered
05-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.