Grégoire Building
ActiveGrégoire Building has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €998k and a net result of €28k. Equity is growing by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 56% of 7447 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
73
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability58▼-14
Solvency73▲+4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 3.11 against 2.8 in 2023; short-term debt: 11.9% and cash: 22.8% of total assets), but 52% of the assets are financed with debt.
Credit advice 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 43
Relative position
BE, all sectors
reference
Sector 43
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
48%
Return on assets
1.3%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-08-2025, 1 day later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d late
2023
27 d late
2022
60 d late
2021
75 d late
2020
88 d late
2019
25 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€998k▲ 2.9%
2023 · €970k
2018: €572k
2019: €655k
2020: €666k
2021: €710k
2022: €881k
2023: €970k
2018 → 2024
Total assets
€2.08M▼ 4.7%
2023 · €2.18M
2018: €2.43M
2019: €2.36M
2020: €2.17M
2021: €2.07M
2022: €2.24M
2023: €2.18M
2018 → 2024
Net result
€28k▼ 68.8%
2023 · €89k
2018: €77k
2019: €87k
2020: €10k
2021: €45k
2022: €171k
2023: €89k
2018 → 2024
Working capital
€521k▲ 12.7%
2023 · €462k
2018: €157k
2019: €182k
2020: €183k
2021: €205k
2022: €358k
2023: €462k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€666k-€710k▲ 6.7%€881k▲ 24.0%€970k▲ 10.1%€998k▲ 2.9%
Operating result€86k-€117k▲ 35.1%€291k▲ 149%€159k▼ 45.2%€93k▼ 41.6%
Net result€10k-€45k▲ 341%€171k▲ 281%€89k▼ 47.8%€28k▼ 68.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 42% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.08M
Fixed assets
€1.31M▼ 10.4%
Current assets
€768k▲ 6.8%
Equity and liabilities €2.08M
Equity
€998k▲ 2.9%
Provisions
€56k▼ 11.1%
Debt
€1.03M▼ 10.8%
The debt ratio falls from 52.7% to 49.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€220k▼
2023 · €311k
Cash flow
€155k▼
2023 · €241k
Solvency
48.0%▲
2023 · 44.5%
Current ratio
3.11▲
2023 · 2.80
Quick ratio
2.79▲
2023 · 1.77
Debt / equity
1.03▼
2023 · 1.18
ROE
2.8%▼
2023 · 9.2%
ROA
1.3%▼
2023 · 4.1%
Interest coverage
4.55▼
2023 · 5.75
Debt
€1.03M▼
2023 · €1.15M
Debt ≤ 1 year
€247k▼
2023 · €257k
Debt > 1 year
€748k▼
2023 · €860k
Income taxes
€24k▼
2023 · €38k
Staff costs
€248k▲
2023 · €128k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.18M€2.08M▼
Fixed assets21/28€1.46M€1.31M▼
Tangible fixed assets22/27€1.46M€1.31M▼
Land and buildings22€1.42M€1.29M▼
Plant, machinery and equipment23€7k€10k▲
Furniture and vehicles24€39k€7k▼
Financial fixed assets28€496€496=
Current assets29/58€719k€768k▲
Stocks and contracts in progress3€263k€80k▼
Stocks30/36€106k€0▼
Contracts in progress37€157k€80k▼
Amounts receivable within one year40/41€91k€207k▲
Trade receivables40€71k€201k▲
Other amounts receivable41€20k€6k▼
Current investments50/53€59k€250▼
Cash at bank and in hand54/58€300k€475k▲
Deferred charges and accrued income490/1€7k€7k▲
Equity and liabilities
Total equity and liabilities10/49€2.18M€2.08M▼
Equity10/15€970k€998k▲
Contributions10/11€19k€19k=
Reserves13€453k€439k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€196k€182k▼
Distributable reserves133€255k€255k=
Profit (loss) carried forward14€499k€541k▲
Provisions and deferred taxes16€63k€56k▼
Deferred taxes168€63k€56k▼
Amounts payable17/49€1.15M€1.03M▼
Amounts payable after more than one year17€860k€748k▼
Financial debts170/4€855k€743k▼
Other amounts payable178/9€5k€5k=
Amounts payable within one year42/48€257k€247k▼
Current portion of amounts payable after more than one year42€110k€112k▲
Financial debts43€8k€8k▲
Credit institutions430/8€8k€8k▲
Trade debts44€31k€94k▲
Suppliers440/4€31k€94k▲
Taxes, remuneration and social security45€82k€33k▼
Taxes450/3€78k€33k▼
Remuneration and social security454/9€4k€0▼
Other amounts payable47/48€27k€0▼
Accrued charges and deferred income492/3€32k€30k▼
Income statement
Code20232024
Non-recurring operating income76A€6k€38k▲
Remuneration, social security and pensions62€128k€248k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€152k€127k▼
Other operating charges640/8€21k€24k▲
Gross operating margin9900€460k€493k▲
Operating profit (loss)9901€159k€93k▼
Financial income75/76B€8k€366▼
Recurring financial income75€72€366▲
Non-recurring financial income76B€8k-
Financial charges65/66B€54k€48k▼
Recurring financial charges65€54k€48k▼
Profit (loss) for the period before taxes9903€114k€45k▼
Transfer from deferred taxes780€14k€7k▼
Income taxes67/77€38k€24k▼
Profit (loss) for the period9904€89k€28k▼
Transfer from tax-exempt reserves789€27k€14k▼
Profit (loss) for the period to be appropriated9905€116k€41k▼
Appropriation of the result
Profit (loss) to be appropriated9906€499k€541k▲
Profit (loss) brought forward from the previous period14P€383k€499k▲
Social balance
Average headcount (FTE)90873.02.8▼
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 1 day late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 60 days late
2022
31-12
Financial
Highest result since 2018net €171k ▲281%
Operating result €291k, net result €171k, both a record.
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 75 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 88 days late
2020
31-12
Financial
Weakest financial yearnet €10k ▼88.3%
Net result drops to €10k, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 25 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
03-06-2025
Eddy Van Dam: Resigned as Director
03-06-2025
Wesley Van Dam: Resigned as Director
Location & real-estate footprint
Registered office, Vilvoorde · 1 establishment unit since 1996
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.
Mechelsesteenweg 5881800 VilvoordeGround area
212 m²
Building footprint
74 m²
Volume, LiDAR
560 m³
Parcel 23643G0519/00N003, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Mechelsesteenweg 588 A, 1800 Vilvoorde
since 19962.077.879.857
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23643G0519/00N003 | Flanders | 211 m² | 1 · 74 m² | 11.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 1,000 EUR awarded · 1,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,000 EUR | 1,000 EUR |
Schemes
Premie kwalificerend werkplekleren
Recognitions · licences · registrations
Recognised contractor
4 categoriesGrégoire Building BV29846
Dual-learning approval
3 live approvals · 1 endedMonteur sanitaire en verwarmingsinstallaties duaal (so)
Technicus installatietechnieken (vwo)
Technicus installatietechnieken duaal (so)
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Of 9,524 companies in sector 43222 we hold annual accounts for 5,657. 3,102 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-05-1996
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43291Specialised construction activities
43221Plumbing work
45332
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.