GRECHA
GRECHA has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €129k and a net result of €-8k. Equity is shrinking by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 48% of 19339 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
| Equity | €129k |
| Net result | €-8k |
| Better than sector | 48% |
| Active | 14 yrs |
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 28.1% | 31.1% | |
| Net result | €-8k | €4k | |
| Equity | €129k | €87k | |
| Gross operating margin | €43k | €39k | |
| Total assets | €459k | €440k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €38k | €49k | €49k | €58k |
| Net profit | €-8k | €-7k | €-9k | €-550 |
| Cash flow | €28k | €38k | €37k | €45k |
| Staff costs | - | - | - | - |
| Income taxes | - | - | - | - |
| Dividends | - | - | - | - |
| Total assets | €459k | €498k | €534k | €573k |
| Equity | €129k | €137k | €144k | €153k |
| Debt | €330k | €361k | €390k | €420k |
| of which ≤ 1y | €34k | €33k | €32k | €32k |
| of which > 1y | €291k | €323k | €354k | €384k |
| Working capital | €43k | €47k | €40k | €33k |
| Employees (FTE) | - | - | - | - |
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 2.26 | 2.41 | 2.25 | 2.05 |
| Quick ratio | 2.26 | 2.41 | 2.25 | 2.05 |
| Working capital ratio | 9.4% | 9.4% | 7.5% | 5.8% |
| Solvency | 28.1% | 27.5% | 27.0% | 26.7% |
| Debt / equity | 2.56 | 2.64 | 2.71 | 2.74 |
| Long-term debt ratio | 2.26 | 2.36 | 2.46 | 2.51 |
| Interest coverage | 3.70 | 4.36 | 4.03 | 4.46 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -1.7% | -1.4% | -1.7% | -0.1% |
| ROE | -6.0% | -5.3% | -6.4% | -0.4% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (20 line items)
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €459k | €498k | €534k | €573k |
| Fixed assets | 21/28 | €382k | €418k | €462k | €508k |
| Tangible fixed assets | 22/27 | €382k | €418k | €462k | €508k |
| Current assets | 29/58 | €77k | €80k | €72k | €65k |
| Amounts receivable within one year | 40/41 | - | - | €60 | €96 |
| Cash & bank | 54/58 | €77k | €77k | €72k | €61k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €459k | €498k | €534k | €573k |
| Equity | 10/15 | €129k | €137k | €144k | €153k |
| Contributions / capital | 10/11 | €75k | €75k | €75k | €75k |
| Reserves | 13 | €54k | €62k | €69k | €78k |
| Amounts payable | 17/49 | €330k | €361k | €390k | €420k |
| Amounts payable after one year | 17 | €291k | €323k | €354k | €384k |
| Amounts payable within one year | 42/48 | €34k | €33k | €32k | €32k |
| Trade debts payable within one year | 44 | - | €652 | - | €2k |
| Income statement | |||||
| Gross operating margin | 9900 | €43k | €53k | €52k | €60k |
| Operating result | 9901 | €3k | €4k | €3k | €12k |
| Financial charges | 65 | €10k | €11k | €12k | €13k |
| Result before taxes | 9903 | €-8k | €-7k | €-9k | €-550 |
| Net result for the period | 9904 | €-8k | €-7k | €-9k | €-550 |
| Result to be appropriated | 9905 | €-8k | €-7k | €-9k | €-550 |
| NACE primary | Renting and operating of own or leased non-residential real estate, excluding land(68203) |
| Legal form | Private limited company(610) |
| Incorporation | 20-07-2012 |
| Status | Active |
| Postal code | 1320 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25103E0300/00D000 | Wallonia | 3,530 m² | 1 · 72 m² | - |
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
05-02-2024 Change in the board of directors
Technical details
{
"events": [
{
"kind": "substantive_delegation",
"role": "notaire",
"person": {
"rrn": null,
"name": "Gr\u00E9goire Michaux",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": "additional",
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "substituant son confr\u00E8re, Ma\u00EEtre Gr\u00E9goire Michaux, \u00E0 Beauvechain, le 1er d\u00E9cembre 2023",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": "Ga\u00EBtan DELVAUX",
"firm_city": null,
"firm_name": null,
"office_city": "Jodoigne",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2024-02-05",
"filing_date": "2024-02-01",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2023-12-01",
"unanimous": null
},
{
"body": "algemene_vergadering",
"date": "2023-12-01",
"unanimous": true
},
{
"body": "algemene_vergadering",
"date": "2023-12-01",
"unanimous": true
},
{
"body": "algemene_vergadering",
"date": "2023-12-01",
"unanimous": true
},
{
"body": "algemene_vergadering",
"date": "2023-12-01",
"unanimous": true
},
{
"body": "algemene_vergadering",
"date": "2023-12-01",
"unanimous": true
}
],
"is_correction": false,
"subject_company": {
"kbo": "0847.560.561",
"name_full": "GRECHA",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Ga\u00EBtan DELVAUX",
"org_rep_person_name": null,
"person_role_at_subject": "notaire"
},
"co_filed_documents": [
"une exp\u00E9dition de l\u0027acte"
],
"corrected_publication_numac": null
}| Legal nameFR | GRECHA |