Turnover
The abbreviated format states no turnover.
The dashed line is the sector median: 0.2% across 11,230 companies (NACE 73, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro). It does better than 58% of them on solvency, 42% on liquidity, 48% on profitability and 61% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Liquidity is ample, with a current ratio of 4.4 (2.0 in 2024), above the usual 1.5. Short-term debt is 10.6% and cash 1.8% of total assets. 39.6% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 14 days after the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Shares in 1 company, ALGEMENE BEZETTINGSWERKEN HERMAN
Board & ownershipThese companies have the same main activity as Greif: market research and public opinion polling (NACE 73200). They are comparable in size and age: total assets between €321,000 and €1.1m, founded between 2011 and 2016.
Greif files the abbreviated format. That format states no turnover. The gross margin fell from €67,049 in 2017 to €46,982 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €120,000. Estimated: probably between €87,000 and €170,000.
Higher than 64% of 2,094 companies in 2025.
Higher than 80% of 2,010 companies in 2025.
Higher than 57% of 2,053 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
507,063 | 506,886 | 614,775 | 622,769 | 722,884 | 729,487 | 703,684 | 438,820 | 331,882 | |
21/28 |
270,791 | 278,394 | 291,090 | 430,667 | 436,357 | 444,015 | 390,392 | 8,676 | 320,482 | |
22/27 |
1,688 | 9,291 | 21,987 | 22,373 | 28,063 | 35,720 | 5,148 | 8,676 | 482 | |
24 |
970 | 8,379 | 21,987 | 22,373 | 28,063 | 35,720 | 5,148 | 8,676 | 482 | |
26 |
718 | 912 | - | - | - | - | - | - | - | |
28 |
269,103 | 269,103 | 269,103 | 408,294 | 408,294 | 408,294 | 385,244 | - | 320,000 | |
29/58 |
236,271 | 228,492 | 323,684 | 192,103 | 286,527 | 285,472 | 313,292 | 430,144 | 11,400 | |
29 |
75,000 | 130,268 | 184,321 | 99,089 | 143,089 | 10,000 | 10,000 | 63,312 | - | |
290 |
- | - | - | 0 | 143,089 | 10,000 | - | - | - | |
291 |
75,000 | 130,268 | 184,321 | 99,089 | - | 0 | 10,000 | 63,312 | - | |
40/41 |
147,939 | 74,933 | 115,954 | 74,863 | 92,899 | 142,601 | 161,822 | 75,924 | 7,343 | |
40 |
12,283 | 51,899 | 92,400 | - | - | 0 | 112,280 | 25,410 | - | |
41 |
135,656 | 23,034 | 23,554 | 74,863 | 92,899 | 142,601 | 49,542 | 50,514 | 7,343 | |
54/58 |
9,162 | 16,128 | 15,989 | 11,514 | 45,729 | 129,976 | 139,345 | 289,027 | 4,057 | |
490/1 |
4,170 | 7,162 | 7,420 | 6,636 | 4,809 | 2,895 | 2,126 | 1,882 | - | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
507,063 | 506,886 | 614,775 | 622,769 | 722,884 | 729,487 | 703,684 | 438,820 | 331,882 | |
10/15 |
306,149 | 276,213 | 345,313 | 354,342 | 409,145 | 386,709 | 371,523 | 359,331 | 32,506 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 6,200 | - | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | - | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | 12,400 | 12,400 | |
11 |
- | - | - | - | - | - | 6,200 | - | - | |
1100/10 |
- | - | - | - | - | - | 6,200 | - | - | |
13 |
287,549 | 257,613 | 326,713 | 335,742 | 390,545 | 380,509 | 365,323 | 353,131 | 26,306 | |
130 |
- | - | - | - | - | - | - | 1,860 | 1,860 | |
133 |
287,549 | 257,613 | 326,713 | 335,742 | 390,545 | 380,509 | 365,323 | 351,271 | 24,446 | |
14 |
0 | 0 | 0 | 0 | 0 | - | - | - | - | |
17/49 |
200,914 | 230,673 | 269,462 | 268,428 | 313,739 | 342,778 | 332,161 | 79,489 | 299,376 | |
17 |
147,178 | 116,180 | 160,290 | 210,188 | 259,544 | 287,582 | 50,000 | 50,000 | 221,217 | |
170/4 |
147,178 | 116,180 | 160,290 | 210,188 | 259,544 | 287,582 | 50,000 | 50,000 | 221,217 | |
42/48 |
53,736 | 114,333 | 108,399 | 58,240 | 54,196 | 55,196 | 282,161 | 28,489 | 78,142 | |
42 |
44,003 | 44,109 | 53,468 | 49,355 | 48,818 | 41,723 | - | - | 27,468 | |
43 |
794 | 16 | 38 | 156 | - | 0 | 248,666 | - | - | |
430/8 |
- | - | - | - | - | 0 | 248,666 | - | - | |
439 |
794 | 16 | 38 | 156 | - | - | - | - | - | |
44 |
3,795 | 6,346 | 924 | 1,897 | 2,478 | 2,092 | 4,599 | 1,656 | 13,655 | |
440/4 |
3,795 | 6,346 | 924 | 1,897 | 2,478 | 2,092 | 4,599 | 1,656 | 13,655 | |
45 |
2,953 | 14,122 | 27,452 | 2,100 | 2,100 | 7,861 | 20,062 | 24,725 | 16,169 | |
450/3 |
1,753 | 14,122 | 26,252 | 900 | 900 | 6,661 | 18,862 | 24,725 | 16,169 | |
454/9 |
1,200 | 0 | 1,200 | 1,200 | 1,200 | 1,200 | 1,200 | - | - | |
47/48 |
2,191 | 49,740 | 26,518 | 4,731 | 800 | 3,520 | 8,834 | 2,107 | 20,850 | |
492/3 |
0 | 159 | 773 | - | - | - | - | 1,000 | 17 | |
| Income statement | ||||||||||
76A |
5,655 | 20,828 | - | - | - | - | - | 271,818 | - | |
9900 |
46,982 | 40,085 | 80,343 | -6,677 | 33,796 | 27,988 | 29,661 | 85,371 | 67,049 | |
630 |
1,258 | 8,242 | 10,928 | 7,552 | 9,223 | 3,286 | 3,528 | 6,105 | 735 | |
640/8 |
620 | 935 | 816 | 848 | 721 | 598 | 2,271 | 1,457 | 6,869 | |
9901 |
45,105 | 30,908 | 68,599 | -15,076 | 23,853 | 24,103 | 23,862 | 77,809 | 59,444 | |
75/76B |
3,958 | 6,016 | 17,146 | 4,803 | 2,577 | 1,225 | 2,416 | 272,056 | - | |
75 |
3,958 | 6,016 | 6,337 | 4,803 | 2,577 | 1,225 | 2,416 | 238 | - | |
76B |
- | 0 | 10,809 | - | - | - | - | 271,818 | - | |
65/66B |
2,373 | 3,401 | 4,047 | 4,378 | 8,974 | 5,697 | 8,326 | 6,334 | 1,779 | |
65 |
2,373 | 3,401 | 4,047 | 4,378 | 5,296 | 5,697 | 8,326 | 6,334 | 1,779 | |
66B |
- | - | - | 0 | 3,678 | - | - | - | - | |
9903 |
46,689 | 33,523 | 81,698 | -14,652 | 17,456 | 19,631 | 17,953 | 343,531 | 57,665 | |
67/77 |
16,753 | 12,622 | 18,227 | 151 | 6,620 | 3,645 | 5,761 | 15,906 | 15,719 | |
9904 |
29,936 | 20,900 | 63,471 | -14,803 | 10,835 | 15,986 | 12,192 | 327,625 | 41,946 | |
9905 |
29,936 | 20,900 | 63,471 | -14,803 | 10,835 | 15,986 | 12,192 | 327,625 | 41,946 | |
| Appropriation of the result | ||||||||||
9906 |
29,936 | 20,900 | 63,471 | -14,803 | 10,835 | 15,986 | 12,192 | 327,625 | 41,946 | |
791/2 |
0 | 90,000 | 72,500 | 54,803 | - | - | - | - | - | |
691/2 |
29,936 | 20,900 | 63,471 | 0 | 10,035 | 15,186 | 12,192 | 326,825 | 26,306 | |
6920 |
- | - | - | - | - | - | - | - | 1,860 | |
6921 |
29,936 | 20,900 | 63,471 | 0 | 10,035 | 15,186 | 12,192 | 326,825 | 24,446 | |
694/7 |
0 | 90,000 | 72,500 | 40,000 | 800 | 800 | - | 800 | 15,640 | |
694 |
0 | 90,000 | 47,500 | 40,000 | 800 | 800 | - | 800 | 640 | |
695 |
- | 0 | 25,000 | - | - | - | - | - | 15,000 | |
| Social balance sheet | ||||||||||
9087 |
0 | 0 | 0 | 0 | - | - | - | - | - | |
| Document | ||||||||||
The notes to these accounts have 15 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 02-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 02-07-2026 | 2026-00239226 | |
| 31-12-2024 | abbreviated format | 23-07-2025 | 2025-00297353 | |
| 31-12-2023 | abbreviated format | 30-08-2024 | 2024-00403373 | |
| 31-12-2022 | abbreviated format | 29-08-2023 | 2023-00366408 | |
| 31-12-2021 | abbreviated format | 18-08-2022 | 2022-20293804 | |
| 31-12-2020 | abbreviated format | 31-08-2021 | 2021-60300516 | |
| 31-12-2019 | abbreviated format | 25-08-2020 | 2020-44300129 | |
| 31-12-2018 | abbreviated format | 27-08-2019 | 2019-51600557 | |
| 31-12-2017 | abbreviated format | 27-08-2018 | 2018-51100214 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| 46,362 | 39,150 | 79,526 | -7,525 | 33,076 | 27,390 | 27,390 | 83,914 | 60,179 | ||
| 31,194 | 29,143 | 74,399 | -7,251 | 20,058 | 19,273 | 15,720 | 333,730 | 42,681 | ||
| -6,345 | 3,075 | 10,542 | 1,862 | 1,565 | 56,909 | 385,244 | 14,299 | 321,217 | ||
| -6,966 | 139 | 4,475 | -34,215 | -84,247 | -9,368 | -149,682 | 284,970 | - | ||
| 182,536 | 114,159 | 215,285 | 133,863 | 232,331 | 230,277 | 31,131 | 401,655 | -66,742 | ||
| 60.4% | 54.5% | 56.2% | 56.9% | 56.6% | 53.0% | 52.8% | 81.9% | 9.8% | ||
| 4.40 | 2.00 | 2.99 | 3.30 | 5.29 | 5.17 | 1.11 | 15.10 | 0.15 | ||
| 0.66 | 0.84 | 0.78 | 0.76 | 0.77 | 0.89 | 0.89 | 0.22 | 9.21 | ||
| 9.8% | 7.6% | 18.4% | -4.2% | 2.6% | 4.1% | 3.3% | 91.2% | 129.0% | ||
| 5.9% | 4.1% | 10.3% | -2.4% | 1.5% | 2.2% | 1.7% | 74.7% | 12.6% | ||
| 19.54 | 11.51 | 19.65 | -1.72 | 6.25 | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €3,075 | €10,542 | €1,862 | €1,565 |
| €1,258 | €8,242 | €10,928 | €7,552 | €9,223 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 46% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 45.5% to 39.6%. Equity is higher and debt is lower.
Source: list of holdings in its own 2024 accounts. Every holding stands with its own latest accounts.
| Plakker De Backer
registered office since 19-09-2019 · founded in 2019 |
total assets €544,637 (2025) 0734.645.435 |
| Geld voor Helden
registered office since 05-01-2024 |
founded in 2024 1004.317.907 |
| Geld voor Helden via Jan De Backer, at Greif until 2019 · Director · deed of 09-01-2024 |
founded in 2024 |
| GELD VOOR HELDEN via Jan De Backer, at Greif until 2019 · Director · deed of 27-12-2022 No longer active |
| Name | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| ALGEMENE BEZETTINGSWERKEN HERMAN | 97.78% | 64.44% | |||||
| VERWARMSLIMMER.BE | 48.31% | ||||||
Source: list of holdings in its own accounts
The network starts from the earlier ties.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Kleine Boswijk 4 registered office 9880 Aalter 64210 Activities of holding companies | 12-08-2016 | 2.257.729.042 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44055A0292/00W000 | 6,221 m² | 1 · 95 m² | 6.2 m · 1 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.
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