GREBLI
ActiveSummary
GREBLI has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €74k and a net result of €59k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 1909 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▼-13
Solvency31▲+4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.41 against 1.05 in 2024; short-term debt: 45.1% and cash: 4.6% of total assets), and 93.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% 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
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
6.3%
Return on assets
5%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 1909 sector peers (2025).
NBB · sector comparisonPosition among 1909 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
48 d early
2023
64 d early
2022
67 d early
2021
25 d early
2020
49 d early
2019
49 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€74k▲ 380%
2024 · €15k
Total assets
€1.17M▲ 35.9%
2024 · €863k
Net result
€59k▼ 56.2%
2024 · €134k
Working capital
€-311k
2024 · €13k
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
Operating result€4k€63k▲ 1,322%€64k▲ 1.3%€146k▲ 127%€78k▼ 46.8%
Net result€-11k▲ 88.5%€49k€50k▲ 2.4%€134k▲ 166%€59k▼ 56.2%
Equity€-218k▼ 5.1%€-169k▲ 22.5%€-119k▲ 29.8%€15k€74k▲ 380%
Total assets€744k▼ 5.6%€732k▼ 1.6%€765k▲ 4.5%€863k▲ 12.8%€1.17M▲ 35.9%
Debt€962k▼ 3.3%€901k▼ 6.4%€884k▼ 2.0%€847k▼ 4.1%€1.10M▲ 29.6%
Working capital€-218k▼ 3.3%€-140k▲ 35.6%€-57k▲ 59.1%€13k€-311k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 47% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.17M
Fixed assets
€955k ▲ 62.4%
Current assets
€217k ▼ 20.9%
Equity and liabilities €1.17M
Equity
€74k ▲ 380%
Debt
€1.10M ▲ 29.6%
Debt's share of the balance-sheet total falls from 98.2% to 93.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€147k▼
2024 · €211k
Cash flow
€128k▼
2024 · €199k
Current ratio
0.41▼
2024 · 1.05
Quick ratio
0.36▼
2024 · 1.01
Debt to equity
14.82▼
2024 · 54.90
ROE
79.2%▼
2024 · 868.1%
ROA
5.0%▼
2024 · 15.5%
Interest coverage
10.49▼
2024 · 17.54
Debt ≤ 1 year
€528k▲
2024 · €262k
Debt > 1 year
€570k▼
2024 · €585k
Income taxes
€5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €116k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €59k | €61k | €61k | €65k | €70k | ▲ 8.0% |
| Other operating charges640/8 | €120 | €122 | €146 | €2k | €144 | ▼ 91.8% |
| Gross operating margin9900 | €64k | €125k | €126k | €212k | €148k | ▼ 30.5% |
| Operating profit (loss)9901 | €4k | €63k | €64k | €146k | €78k | ▼ 46.8% |
| Financial income75/76B | - | - | €682 | - | - | - |
| Recurring financial income75 | - | - | €682 | - | - | - |
| Financial charges65/66B | €15k | €14k | €15k | €12k | €14k | ▲ 17.1% |
| Recurring financial charges65 | €15k | €14k | €15k | €12k | €14k | ▲ 17.1% |
| Profit (loss) for the period before taxes9903 | €-11k | €49k | €50k | €134k | €64k | ▼ 52.5% |
| Income taxes67/77 | - | - | - | - | €5k | - |
| Profit (loss) for the period9904 | €-11k | €49k | €50k | €134k | €59k | ▼ 56.2% |
| Profit (loss) for the period to be appropriated9905 | €-11k | €49k | €50k | €134k | €59k | ▼ 56.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €744k | €732k | €765k | €863k | €1.17M | ▲ 35.9% |
| Fixed assets21/28 | €714k | €660k | €601k | €588k | €955k | ▲ 62.4% |
| Tangible fixed assets22/27 | €713k | €659k | €600k | €587k | €954k | ▲ 62.5% |
| Land and buildings22 | €38k | €34k | €27k | €20k | €428k | ▲ 2,023% |
| Plant, machinery and equipment23 | €9k | €8k | €5k | €49k | €60k | ▲ 21.9% |
| Furniture and vehicles24 | €593 | €3k | €3k | €4k | €3k | ▼ 24.0% |
| Other tangible fixed assets26 | €665k | €615k | €565k | €514k | €463k | ▼ 9.9% |
| Financial fixed assets28 | €928 | €928 | €928 | €928 | €928 | = |
| Current assets29/58 | €31k | €73k | €164k | €275k | €217k | ▼ 20.9% |
| Stocks and contracts in progress3 | €8k | €8k | €9k | €10k | €26k | ▲ 160% |
| Stocks30/36 | €8k | €8k | €9k | €10k | €26k | ▲ 160% |
| Amounts receivable within one year40/41 | €18k | €60k | €151k | €183k | €137k | ▼ 25.0% |
| Trade receivables40 | €17k | €36k | €49k | €142k | €63k | ▼ 55.5% |
| Other amounts receivable41 | €789 | €24k | €102k | €41k | €74k | ▲ 80.3% |
| Cash at bank and in hand54/58 | €4k | €4k | €4k | €82k | €54k | ▼ 33.6% |
| Deferred charges and accrued income490/1 | - | €133 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €744k | €732k | €765k | €863k | €1.17M | ▲ 35.9% |
| Equity10/15 | €-218k | €-169k | €-119k | €15k | €74k | ▲ 380% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Outside capital11 | €19k | €19k | €19k | - | - | - |
| Other1109/19 | €19k | €19k | €19k | - | - | - |
| Reserves13 | €80k | €80k | €80k | €80k | €52k | ▼ 34.9% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €78k | €78k | €78k | €78k | €50k | ▼ 35.7% |
| Profit (loss) carried forward14 | €-316k | €-267k | €-217k | €-83k | €4k | ▲ 104% |
| Amounts payable17/49 | €962k | €901k | €884k | €847k | €1.10M | ▲ 29.6% |
| Amounts payable after more than one year17 | €714k | €688k | €662k | €585k | €570k | ▼ 2.6% |
| Financial debts170/4 | €364k | €338k | €312k | €285k | €270k | ▼ 5.4% |
| Other amounts payable178/9 | €350k | €350k | €350k | €300k | €300k | = |
| Amounts payable within one year42/48 | €248k | €213k | €222k | €262k | €528k | ▲ 102% |
| Current portion of amounts payable after more than one year42 | €25k | €26k | €24k | €27k | €29k | ▲ 7.7% |
| Financial debts43 | €15k | €2k | €15k | - | - | - |
| Credit institutions430/8 | €15k | €2k | €4k | - | - | - |
| Other loans439 | - | - | €11k | - | - | - |
| Trade debts44 | €5k | €5k | €21k | €93k | €277k | ▲ 199% |
| Suppliers440/4 | €5k | €5k | €21k | €93k | €277k | ▲ 199% |
| Taxes, remuneration and social security45 | - | €5k | €579 | - | €5k | - |
| Taxes450/3 | - | €5k | €579 | - | €5k | - |
| Other amounts payable47/48 | €204k | €176k | €161k | €143k | €218k | ▲ 52.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-11k | €49k | €50k | €134k | €59k | ▼ 56.2% |
| + Depreciation and write-downs630 | €59k | €61k | €61k | €65k | €70k | ▲ 8.0% |
| Operating cash flow (approximation) | €49k | €110k | €112k | €199k | €128k | ▼ 35.3% |
| Investment in fixed assets (approximation) | - | €-7k | €-2k | €-52k | €-437k | ▼ 746% |
| Change in cash | - | €-169 | €153 | €77k | €-27k | ▼ 136% |
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
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
13-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €134k ▲166%
Operating result €146k, net result €134k, both a record.
26-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Back to profitnet €49k
Net result €49k after 3 loss-making years.
05-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
12-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Weakest financial yearnet €-92k
Net result drops to €-92k, the lowest in the series; recovery starts the following year.
12-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
15-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
09-02
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 2 acts read
About the unread acts
We know of 2 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
2 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, Deinze · 1 establishment unit since 2007
Ground area
5,433 m²
Building footprint
1,530 m²
Volume, LiDAR
10,303 m³
Parcel 44006C0367/00P000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
GREBLI
since 20072.166.912.494
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44006C0367/00P000 | Flanders | 5,433 m² | 1 · 1,530 m² | 8.2 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.
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Of 3,983 companies in sector 25110 we hold annual accounts for 2,145. 1,553 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
Founded29-10-2007
Fiscal year end30-09
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.