GRECO PALACE
ActiveSummary
GRECO PALACE has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.21M and a net result of €448k. Equity is growing by ~18.3% per year across the filed fiscal years. Its solvency ranks better than 90% of 8001 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
96
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+60
Solvency100▲+5
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 13.64 against 2.9 in 2024; short-term debt: 5.3% and cash: 71.5% of total assets), and 12.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
87.5%
Return on assets
32.5%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
11 d late
2023
26 d early
2022
13 d early
2021
17 d early
2020
23 d early
2019
22 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.21M▲ 59.1%
2024 · €759k
2018: €354k
2019: €347k
2020: €343k
2021: €330k
2022: €314k
2023: €788k
2024: €759k
2018 → 2025
Total assets
€1.38M▲ 27.8%
2024 · €1.08M
2018: €603k
2019: €497k
2020: €655k
2021: €713k
2022: €739k
2023: €1.09M
2024: €1.08M
2018 → 2025
Net result
€448k
2024 · €-29k
2018: €-1k
2019: €-7k
2020: €-3k
2021: €-13k
2022: €-16k
2023: €474k
2024: €-29k
2018 → 2025
Working capital
€932k▲ 154%
2024 · €367k
2018: €34k
2019: €-17k
2020: €-97k
2021: €-129k
2022: €-207k
2023: €371k
2024: €367k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€330k-€314k▼ 5.0%€788k▲ 151%€759k▼ 3.7%€1.21M▲ 59.1%
Operating result€3k-€-10k€707k€-13k€663k
Net result€-13k-€-16k▼ 25.5%€474k€-29k€448k
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 returns to profit in 2025: €663k after a loss of €13k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.38M
Fixed assets
€374k ▼ 28.0%
Current assets
€1.01M ▲ 79.7%
Equity and liabilities €1.38M
Equity
€1.21M ▲ 59.1%
Provisions
€65k ▼ 5.4%
Debt
€108k ▼ 57.2%
Debt's share of the balance-sheet total falls from 23.3% to 7.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€730k▲
2024 · €52k
Cash flow
€516k▲
2024 · €36k
Current ratio
13.64▲
2024 · 2.90
Quick ratio
13.50▲
2024 · 2.44
Debt to equity
0.09▼
2024 · 0.33
ROE
37.1%▲
2024 · -3.9%
ROA
32.5%▲
2024 · -2.7%
Interest coverage
74.40▲
2024 · 2.91
Debt ≤ 1 year
€74k▼
2024 · €193k
Debt > 1 year
€34k▼
2024 · €59k
Income taxes
€210k▲
2024 · €5k
Staff costs
€37k▲
2024 · €35k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 63 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.08M€1.38M▲
Fixed assets21/28€520k€374k▼
Intangible fixed assets21€0€13k▲
Tangible fixed assets22/27€520k€358k▼
Land and buildings22€229k€207k▼
Plant, machinery and equipment23€60k€43k▼
Furniture and vehicles24€77k€57k▼
Other tangible fixed assets26€32k€21k▼
Assets under construction and advance payments27€122k€30k▼
Financial fixed assets28€208€3k▲
Current assets29/58€560k€1.01M▲
Stocks and contracts in progress3€89k€10k▼
Stocks30/36€89k€10k▼
Amounts receivable within one year40/41€35k€8k▼
Trade receivables40€35k€8k▼
Cash at bank and in hand54/58€434k€986k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€1.08M€1.38M▲
Equity10/15€759k€1.21M▲
Contributions10/11€19k€19k=
Outside capital11-€19k
Other1109/19-€19k
Reserves13€617k€1.07M▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€134k€126k▼
Distributable reserves133€482k€937k▲
Profit (loss) carried forward14€123k€123k=
Provisions and deferred taxes16€69k€65k▼
Deferred taxes168€69k€65k▼
Amounts payable17/49€252k€108k▼
Amounts payable after more than one year17€59k€34k▼
Financial debts170/4€59k€34k▼
Amounts payable within one year42/48€193k€74k▼
Current portion of amounts payable after more than one year42€25k€25k▲
Financial debts43-€0
Credit institutions430/8-€0
Trade debts44€55k€17k▼
Suppliers440/4€55k€17k▼
Taxes, remuneration and social security45€105k€27k▼
Taxes450/3€92k€16k▼
Remuneration and social security454/9€13k€11k▼
Other amounts payable47/48€8k€4k▼
Income statement
Code20242025
Non-recurring operating income76A-€710k
Remuneration, social security and pensions62€35k€37k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65k€67k▲
Other operating charges640/8€4k€2k▼
Gross operating margin9900€90k€769k▲
Operating profit (loss)9901€-13k€663k▲
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€18k€10k▼
Recurring financial charges65€18k€10k▼
Profit (loss) for the period before taxes9903€-29k€655k▲
Transfer from deferred taxes780€4k€4k=
Income taxes67/77€5k€210k▲
Profit (loss) for the period9904€-29k€448k▲
Transfer from tax-exempt reserves789€7k€7k=
Profit (loss) for the period to be appropriated9905€-22k€455k▲
Appropriation of the result
Profit (loss) to be appropriated9906€123k€579k▲
Profit (loss) brought forward from the previous period14P€145k€123k▼
Transfer to equity691/2-€455k
To other reserves6921-€455k
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €448k
Net result €448k after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 13.64
Current ratio from 2.90 to 13.64; short-term debt falls from €193k to €74k.
31-12
Financial
Equity above €1MEq €1.21M ▲59.1%
Equity rises from €759k to €1.21M.
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
31-12
Financial
Weakest financial yearnet €-29k ▼106%
Net result drops to €-29k, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €474k
Net result €474k after 5 loss-making years.
31-12
Financial
Liquidity times 13current ratio 3.41
Current ratio from 0.27 to 3.41; short-term debt falls from €284k to €154k.
31-12
Financial
Equity above €500kEq €788k ▲151%
Equity rises from €314k to €788k.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Show earlier events
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 79 days late
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Grimbergen · 1 establishment unit since 1986
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.
Kolveniersstraat 71853 GrimbergenGround area
751 m²
Building footprint
208 m²
Volume, LiDAR
1,408 m³
2 parcels, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Stelia
since 19862.036.361.184
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23084B0071/00G023 | Flanders | 424 m² | 1 · 103 m² | 9.8 m · 2 fl. |
| 23084B0071/00B023 | Flanders | 327 m² | 1 · 105 m² | 9.2 m · 2 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.
Similar companies · same sector, comparable size
Dodi
BE 0422.505.175
Anderlecht · Eq €1.20M
MODENO
BE 0444.906.633
Kortrijk · Eq €1.43M
KAMPF
BE 0417.752.769
Mechelen · Eq €987k
DISTRI BRANDS
BE 0808.595.067
Anderlecht · Eq €1.68M
SAFILO BENELUX
BE 0411.559.914
Zaventem · Eq €726k
Of 94 companies in sector 46424 we hold annual accounts for 44. 17 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded30-05-1986
Fiscal year end31-12
Activities, NACEBEL 2025
46424Wholesale trade
47715Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.