GREGORDECO
ActiveThe file of GREGORDECO contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 1.9% (moderate). The 2024 annual accounts show equity of €58,814 and a net result of -€11,385. Equity remains stable across the filed fiscal years (±1.7% per year).
Checked score
Score 2024
Axes · tick = 2023
Profitability60▼-7
Solvency60▼-22
Growth32▼-20
Track record85
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days only on tighter terms
Liquidity short (current ratio 0.49 against 0.74 in 2023; short-term debt: 64.9% and cash: 7.1% of total assets), and 64.9% of the assets are financed with debt.
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Signals
Seven 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
35.1%
Return on assets
-6.8%
Age of the figures
21 mo
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
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 18-06-2026, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 d early
2024
48 d early
2023
21 d late
2022
33 d early
2021
38 d early
2020
46 d early
2019
49 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 20 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 23 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€58,814▼ 16.2%
2023 · €70,198
Total assets
€167,696▲ 35.4%
2023 · €123,845
Net result
-€11,385▼ 580%
2023 · -€1,675
Working capital
-€55,655▼ 303%
2023 · -€13,806
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€2,289€1,259▼ 45.0%€6,051▲ 381%€778▼ 87.1%-€8,112
Net result€1,248within the sector's middle half€147below the sector's middle half▼ 88.3%€3,966within the sector's middle half▲ 2,607%-€1,675below the sector's middle half-€11,385below the sector's middle half▼ 580%
Equity€67,761within the sector's middle half▲ 9.1%€67,907within the sector's middle half▲ 0.2%€71,874within the sector's middle half▲ 5.8%€70,198within the sector's middle half▼ 2.3%€58,814within the sector's middle half▼ 16.2%
Total assets€89,550within the sector's middle half▲ 38.8%€92,375within the sector's middle half▲ 3.2%€112,169within the sector's middle half▲ 21.4%€123,845within the sector's middle half▲ 10.4%€167,696within the sector's middle half▲ 35.4%
Debt€21,789▲ 804%€24,468▲ 12.3%€40,296▲ 64.7%€53,647▲ 33.1%€108,883▲ 103%
Working capital€35,854within the sector's middle half▲ 3.4%€37,520within the sector's middle half▲ 4.6%€42,586within the sector's middle half▲ 13.5%-€13,806below the sector's middle half-€55,655below the sector's middle half▼ 303%
Solvency75.7%above the sector's middle half▼ 20.6pp73.5%above the sector's middle half▼ 2.2pp64.1%within the sector's middle half▼ 9.4pp56.7%within the sector's middle half▼ 7.4pp35.1%within the sector's middle half▼ 21.6pp
Current ratio2.65within the sector's middle half▼ 12.732.53within the sector's middle half▼ 0.112.06within the sector's middle half▼ 0.480.74below the sector's middle half▼ 1.310.49below the sector's middle half▼ 0.25
Return on assets (ROA)1.4%within the sector's middle half▲ 2.1pp0.2%below the sector's middle half▼ 1.2pp3.5%within the sector's middle half▲ 3.4pp-1.4%below the sector's middle half▼ 4.9pp-6.8%below the sector's middle half▼ 5.4pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €8,112 after €778 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €167,696
Fixed assets
€114,468 ▲ 36.3%
Current assets
€53,228 ▲ 33.6%
Equity and liabilities €167,696
Equity
€58,814 ▼ 16.2%
Debt
€108,883 ▲ 103%
Debt's share of the balance-sheet total rises from 43.3% to 64.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€10,233▼
2023 · €10,863
Cash flow
€6,960▼
2023 · €8,410
Debt to equity
1.85▲
2023 · 0.76
ROE
-19.4%▼
2023 · -2.4%
Interest coverage
36.09▲
2023 · 32.27
Debt ≤ 1 year
€108,883▲
2023 · €53,647
Income taxes
€2,990▲
2023 · €2,117
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,915 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,915 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,039 | €1,519 | €1,100 | €10,085 | €18,345 | ▲ 81.9% |
| Other operating charges640/8 | - | €1,549 | €1,435 | €2,152 | €19,565 | ▲ 809% |
| Gross operating margin9900 | €3,454 | €4,328 | €8,586 | €13,015 | €29,798 | ▲ 129% |
| Operating profit (loss)9901 | €2,289 | €1,259 | €6,051 | €778 | -€8,112 | ▼ 1,143% |
| Financial income75/76B | - | - | - | €1 | €0 | ▼ 7.7% |
| Recurring financial income75 | - | - | - | €1 | €0 | ▼ 7.7% |
| Financial charges65/66B | - | €288 | €292 | €337 | €284 | ▼ 15.8% |
| Recurring financial charges65 | €213 | €288 | €292 | €337 | €284 | ▼ 15.8% |
| Profit (loss) for the period before taxes9903 | €2,076 | €971 | €5,759 | €442 | -€8,395 | ▼ 1,999% |
| Income taxes67/77 | €828 | €825 | €1,793 | €2,117 | €2,990 | ▲ 41.2% |
| Profit (loss) for the period9904 | €1,248 | €147 | €3,966 | -€1,675 | -€11,385 | ▼ 580% |
| Profit (loss) for the period to be appropriated9905 | €1,248 | €147 | €3,966 | -€1,675 | -€11,385 | ▼ 580% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €89,550 | €92,375 | €112,169 | €123,845 | €167,696 | ▲ 35.4% |
| Fixed assets21/28 | €31,906 | €30,387 | €29,287 | €84,004 | €114,468 | ▲ 36.3% |
| Tangible fixed assets22/27 | €5,640 | €4,121 | €3,020 | €57,738 | €88,987 | ▲ 54.1% |
| Plant, machinery and equipment23 | - | €0 | - | - | - | - |
| Furniture and vehicles24 | - | €4,120 | €3,020 | €57,738 | €88,987 | ▲ 54.1% |
| Financial fixed assets28 | €26,267 | €26,267 | €26,267 | €26,267 | €25,481 | ▼ 3.0% |
| Current assets29/58 | €57,643 | €61,988 | €82,882 | €39,841 | €53,228 | ▲ 33.6% |
| Amounts receivable within one year40/41 | €44,576 | €59,790 | €35,702 | €26,440 | €37,717 | ▲ 42.7% |
| Trade receivables40 | - | €57,802 | €31,838 | €23,035 | €30,368 | ▲ 31.8% |
| Other amounts receivable41 | - | €1,988 | €3,864 | €3,404 | €7,349 | ▲ 116% |
| Cash at bank and in hand54/58 | €11,483 | €2,197 | €47,180 | €10,245 | €11,849 | ▲ 15.7% |
| Deferred charges and accrued income490/1 | - | - | - | €3,156 | €3,662 | ▲ 16.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €89,550 | €92,375 | €112,169 | €123,845 | €167,696 | ▲ 35.4% |
| Equity10/15 | €67,761 | €67,907 | €71,874 | €70,198 | €58,814 | ▼ 16.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | €18,600 | - | - |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | - | - |
| Outside capital11 | - | - | - | - | €18,600 | - |
| Other1109/19 | - | - | - | - | €18,600 | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | €47,301 | €47,447 | €51,414 | €49,738 | €38,354 | ▼ 22.9% |
| Amounts payable17/49 | €21,789 | €24,468 | €40,296 | €53,647 | €108,883 | ▲ 103% |
| Amounts payable within one year42/48 | €21,789 | €24,468 | €40,296 | €53,647 | €108,883 | ▲ 103% |
| Trade debts44 | €4,247 | €3,444 | €22,132 | €27,478 | €81,991 | ▲ 198% |
| Suppliers440/4 | - | €3,444 | €22,132 | €27,478 | €81,991 | ▲ 198% |
| Taxes, remuneration and social security45 | - | €1,596 | €2,695 | €2,195 | €3,068 | ▲ 39.7% |
| Taxes450/3 | - | €1,596 | €2,695 | €2,195 | €3,068 | ▲ 39.7% |
| Other amounts payable47/48 | - | €19,428 | €15,468 | €23,974 | €23,823 | ▼ 0.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,248 | €147 | €3,966 | -€1,675 | -€11,385 | ▼ 580% |
| + Depreciation and write-downs630 | €1,039 | €1,519 | €1,100 | €10,085 | €18,345 | ▲ 81.9% |
| Operating cash flow (approximation) | €2,287 | €1,666 | €5,067 | €8,410 | €6,960 | ▼ 17.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€64,802 | -€48,809 | ▲ 24.7% |
| Change in cash | - | -€9,286 | €44,983 | -€36,936 | €1,605 | ▲ 104% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€11,385
Net result drops to -€11,385, the lowest in the series.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €1,248
Net result €1,248 after one loss-making year.
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 49 days late
2019
31-12
Financial
Liquidity times 7current ratio 15.38
Current ratio from 2.20 to 15.38; short-term debt falls from €28,359 to €2,412.
04-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 35 days late
05-04
Bankruptcy
Bankruptcy reversal
Tribunal de l’entreprise francophone de Bruxelles · event 26-03-2019
Show earlier events
29-01
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 21-01-2019
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 18 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
11 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, Waterloo · 2 establishment units since 2012
Ground area
3,088 m²
Building footprint
165 m²
Volume, LiDAR
671 m³
2 parcels, Wallonia · tallest building 9.1 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
.
since 20122.257.751.313
PROJECT D
since 20252.384.874.266
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25015C0310/00C000 | Wallonia | 1,996 m² | 1 · 79 m² | - |
| 25762G0650/00A000 | Wallonia | 1,093 m² | 1 · 87 m² | 9.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | EMMANUELLE BOUILLON CHAUSSEE DE LA
HULPE 187, 1170 BRUXELLES 17 |
21-01-2019 → 26-03-2019 |
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Of 4,020 companies in sector 43310 we hold annual accounts for 1,749. 1,529 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-04-2012
Fiscal year end31-12
Activities, NACEBEL 2025
43310Plastering work
41001General construction of residential buildings
41003General construction of other non-residential buildings
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95313Repair and fitting of specific motor vehicle parts
95314Bodywork repair (including spraying and painting)
95316Washing and cleaning of motor vehicles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0845649166
Also
9925:BE0845649166
Registered
10-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.