Equity
-€25,775
Debts exceed assets in financial year 2025.
GRECO
Lifetime
19 annual accounts with figures on one time axis, 34 filings since 1991peak €63,223 (2011)
-€21,047▼ €14,276
lowest -€82,040 (2008)
-€37,851▼ €26,826
peak €36,379 (2022)
-€25,775▼ €37,851
€2.1m▲ 15.0%
peak 1.1 FTE (2010)
-not published
Board5 names since 2016
1 director
Documentsfilings and deeds
21-01-202610 days before the deadline
2025micro format
Gross margin from -€6,771 to -€21,047Loss of €37,851Equity from €12,076 to -€25,775Cash from €273 to €38,945
Key points
from the 2025 annual accountsLosses
-€114,649 in six years
Every financial year from 2020 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€2.1m 101% of the balance sheet
Financial debts 63%Suppliers 0%Taxes and wages 0%Other 36%
Of this, €780,557 falls due within a year.
Turnover not published (micro format)
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,241 companies had the same profile as GRECO has now. Each dot stands for 4 companies, two years later.
92.7%
were still trading
4.0%
stopped another way
1.9%
went bankrupt
Another 1.4% stopped without a precise date, possibly only after those two years.
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.
| 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 1,241 companies, not a prediction for GRECO. 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
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Signals
Recent changes
Environmental permit granted
Bouwen of herbouwen, Slopen van niet vrijstaande gebouwen of constructies · Mechelen
Capital increase of €98,765.42 to €130,000
Capital from €31,234.58 to €130,000, 370 new shares · Resignations: (director) and (director) · “Het oprichten en exploiteren van herbergen,drankenhandel,restaurants,hotels,lunaparken,dancings en andere…” (deed in Dutch) · General meeting of 30-05-2022 · Gazette deed
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en met wijzigen van aantal woongelegenheden · Mechelen
Registered office moved from Mechelen to Sint-Katelijne-Waver
New registered office: Heidestraat 1 te 2860 Sint-Katelijne-Waver · Previous registered office: Wollemarkt 2- 2800 Mechelen · General meeting of 29-08-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GRECO Sint-Katelijne-Waver | €2.1m | -€21,047 | -1.2% | - |
| D'HOOGH Mechelen | €2.5m | -€175,707 | 50.1% | - |
| DE LEEUWERIK Maaseik | €1.6m | -€18,031 | 87.0% | 0 |
| Moulin de Boiron Gedinne | €1.6m | -€13,204 | 85.3% | - |
| PANORAMAHOTEL Bouillon | €2.9m | -€54,984 | 77.2% | - |
| DE PAUZE - AFRIT 32 Tongeren-Borgloon | €2.1m | -€5,755 | 86.0% | - |
| Lindenhof Tremelo | €3.3m | -€40,037 | 32.7% | - |
These companies have the same main activity as GRECO: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €1.6m and €3.3m, founded between 1980 and 2003.
Official details
Source: KBO- Status
- Active since 09-07-1991Normal situation
- Activity
- Full-service restaurantsNACE 56111and 4 others
- Establishment unit
- 2.053.780.7032800 Mechelen, since 09-12-1992
- Financial year end
- 30 June
- Peppol
- Reachable
Annual accounts to 30-06-2025
- €2.1m▲ 12.9%
- Filing
- Filed on 21-01-2026, 10 days before the end of the filing period
Insights on GRECO
GRECO files the micro format. That format states no turnover. The gross margin fell from €42,249 in 2007 to -€21,047 in 2025.
The balance sheet grew most from 2023 to 2025 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GRECO
- What is the company number of GRECO?
- The company number of GRECO is 0444.712.138. The VAT number is the same number with BE in front: BE 0444.712.138.
- Where is GRECO based?
- The registered office is at Heidestraat 1, 2860 Sint-Katelijne-Waver.Company details
- What does GRECO do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of GRECO?
- GRECO is a public limited company (NV).
- When was GRECO founded?
- GRECO was founded on 09-07-1991.
- Is GRECO still active?
- Yes, GRECO is an active enterprise in the KBO register.
- What is the turnover of GRECO?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is GRECO profitable?
- In financial year 2025, GRECO made a loss of €37,851.
- Where can I find the annual accounts of GRECO?
- GRECO filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GRECO due?
- GRECO must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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