GRECO
ActiveGRECO has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-26k) and a net result of €-38k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 13270 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
43
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33▼-3
Solvency24▼-2
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.52 against 0.33 in 2024; short-term debt: 37.3% and cash: 1.9% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight 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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-1.2%
Return on assets
-1.8%
Age of the figures
15 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-26k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 21-01-2026, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
on the day
2023
1 d early
2022
36 d early
2021
on the day
2020
2 d early
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close22-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-26k
2024 · €12k
2019: €-10k
2020: €-37k
2021: €-47k
2022: €36k
2023: €23k
2024: €12k
2019 → 2025
Total assets
€2.09M▲ 12.9%
2024 · €1.86M
2019: €13k
2020: €15k
2021: €61k
2022: €229k
2023: €1.53M
2024: €1.86M
2019 → 2025
Net result
€-38k▼ 243%
2024 · €-11k
2019: €590
2020: €-27k
2021: €-11k
2022: €-15k
2023: €-13k
2024: €-11k
2019 → 2025
Working capital
€-373k▲ 13.2%
2024 · €-429k
2019: €-21k
2020: €-50k
2021: €-107k
2022: €-189k
2023: €-272k
2024: €-429k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-47k-€36k€23k▼ 36.5%€12k▼ 47.7%€-26k
Operating result€-11k-€-11k▼ 7.4%€-13k▼ 16.2%€-11k▲ 17.5%€-26k▼ 137%
Net result€-11k-€-15k▼ 40.7%€-13k▲ 11.4%€-11k▲ 17.0%€-38k▼ 243%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €26k in 2025 against €11k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.09M
Fixed assets
€1.69M▲ 2.8%
Current assets
€408k▲ 89.9%
Key figures and ratios
Solvency
-1.2%▼
2024 · 0.7%
Current ratio
0.52▲
2024 · 0.33
Quick ratio
0.52▲
2024 · 0.33
Debt / equity
-82.27
ROA
-1.8%▼
2024 · -0.6%
Debt
€2.12M▲
2024 · €1.84M
Debt ≤ 1 year
€781k▲
2024 · €644k
Debt > 1 year
€1.34M▲
2024 · €1.20M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.86M€2.09M▲
Fixed assets21/28€1.64M€1.69M▲
Tangible fixed assets22/27€1.64M€1.69M▲
Land and buildings22€9k€9k=
Assets under construction and advance payments27€1.63M€1.68M▲
Current assets29/58€215k€408k▲
Amounts receivable within one year40/41€215k€369k▲
Trade receivables40€174k€0▼
Other amounts receivable41€40k€369k▲
Cash at bank and in hand54/58€273€39k▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€1.86M€2.09M▲
Equity10/15€12k€-26k▼
Contributions10/11€130k€130k=
Capital10€130k€130k=
Issued capital100€130k€130k=
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Legal reserve130€3k€3k=
Profit (loss) carried forward14€-121k€-159k▼
Amounts payable17/49€1.84M€2.12M▲
Amounts payable after more than one year17€1.20M€1.34M▲
Financial debts170/4€1.20M€1.34M▲
Amounts payable within one year42/48€644k€781k▲
Trade debts44€9k€7k▼
Suppliers440/4€9k€7k▼
Taxes, remuneration and social security45-€101
Taxes450/3-€101
Other amounts payable47/48€635k€773k▲
Income statement
Code20242025
Other operating charges640/8€4k€5k▲
Gross operating margin9900€-7k€-21k▼
Operating profit (loss)9901€-11k€-26k▼
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€53€12k▲
Recurring financial charges65€53€12k▲
Profit (loss) for the period before taxes9903€-11k€-38k▼
Profit (loss) for the period9904€-11k€-38k▼
Profit (loss) for the period to be appropriated9905€-11k€-38k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-121k€-159k▼
Profit (loss) brought forward from the previous period14P€-110k€-121k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €-38k
Net result drops to €-38k, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
26-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
15-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-01
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.
Directors · office · real estate
Directors
6 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, Sint-Katelijne-Waver · 1 establishment unit since 1992
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Heidestraat 12860 Sint-Katelijne-WaverGround area
1,643 m²
Building footprint
458 m²
Volume, LiDAR
3,778 m³
2 parcels, Flanders · tallest building 15.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
PASSIONE ITALIANA
since 19922.053.780.703
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12035E0063/00Y000 | Flanders | 1,371 m² | 1 · 243 m² | 8.3 m · 2 fl. |
| 12025B0203/00E000 | Flanders | 271 m² | 1 · 216 m² | 15.9 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,458. 7,606 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-07-1991
Fiscal year end30-06
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
70100Activities of head offices
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.