Summary
GREJON is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €3.46M and a net result of €336k. Equity is growing by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 55% of 5547 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 01-04-2026, 121 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
121 d early
2024
28 d early
2023
14 d late
2022
33 d early
2021
31 d late
2020
33 d early
2019
18 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.46M▲ 10.7%
2024 · €3.12M
Net result
€336k▼ 29.0%
2024 · €473k
Total assets
€6.13M▲ 1.9%
2024 · €6.02M
Solvency
56.4%▲ 4.5pp
2024 · 51.9%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€526k▲ 52.8%€231k▼ 56.2%€748k▲ 224%€708k▼ 5.3%€534k▼ 24.7%
Net result€347k▲ 64.9%€136k▼ 60.7%€483k▲ 254%€473k▼ 1.9%€336k▼ 29.0%
Equity€2.06M▲ 20.2%€2.20M▲ 6.6%€2.67M▲ 21.6%€3.12M▲ 16.9%€3.46M▲ 10.7%
Total assets€3.29M▲ 11.5%€4.23M▲ 28.8%€4.36M▲ 3.0%€6.02M▲ 38.1%€6.13M▲ 1.9%
Debt€1.23M▼ 0.6%€2.03M▲ 66.0%€1.64M▼ 19.5%€2.75M▲ 67.8%€2.50M▼ 8.8%
Working capital€104k▼ 49.7%€704k▲ 575%€526k▼ 25.2%€329k▼ 37.5%€649k▲ 97.4%
Solvency62.7%▲ 4.6pp51.9%▼ 10.8pp61.3%▲ 9.4pp51.9%▼ 9.4pp56.4%▲ 4.5pp
Staff (FTE)00.40.5▲ 25.0%
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; 2025 is 25% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.13M
Fixed assets
€3.10M ▼ 0.9%
Current assets
€3.03M ▲ 4.9%
Equity and liabilities €6.13M
Equity
€3.46M ▲ 10.7%
Provisions
€166k ▲ 13.1%
Debt
€2.50M ▼ 8.8%
Debt's share of the balance-sheet total falls from 45.6% to 40.9%. Equity is higher and debt is lower.
Key figures and ratios
ROE
9.7%▼
2024 · 15.2%
ROA
5.5%▼
2024 · 7.9%
Debt ≤ 1 year
€2.38M▼
2024 · €2.56M
Debt > 1 year
€126k▼
2024 · €188k
Income taxes
€134k▲
2024 · €85k
Staff costs
€25k▲
2024 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €16k | €25k | ▲ 52.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €56k | €61k | €60k | €50k | €67k | ▲ 33.0% |
| Other operating charges640/8 | €12k | €21k | €17k | €12k | €8k | ▼ 31.4% |
| Non-recurring operating charges66A | - | - | €435 | €0 | - | - |
| Gross operating margin9900 | €594k | €313k | €825k | €787k | €634k | ▼ 19.5% |
| Operating profit (loss)9901 | €526k | €231k | €748k | €708k | €534k | ▼ 24.7% |
| Financial income75/76B | €3k | - | €21 | €6k | €14k | ▲ 140% |
| Recurring financial income75 | €3k | - | €21 | €6k | €14k | ▲ 138% |
| Non-recurring financial income76B | - | - | - | - | €171 | - |
| Financial charges65/66B | €27k | €30k | €59k | €58k | €58k | ▲ 0.6% |
| Recurring financial charges65 | €27k | €30k | €59k | €58k | €58k | ▲ 0.6% |
| Profit (loss) for the period before taxes9903 | €503k | €201k | €689k | €656k | €489k | ▼ 25.5% |
| Transfer from deferred taxes780 | - | - | €300 | €2k | €2k | ▲ 16.9% |
| Transfer to deferred taxes680 | - | - | €49k | €100k | €21k | ▼ 78.7% |
| Income taxes67/77 | €156k | €65k | €157k | €85k | €134k | ▲ 57.4% |
| Profit (loss) for the period9904 | €347k | €136k | €483k | €473k | €336k | ▼ 29.0% |
| Transfer from tax-exempt reserves789 | €109k | €53k | €54k | €5k | €6k | ▲ 16.9% |
| Transfer to tax-exempt reserves689 | - | - | €148k | €299k | €64k | ▼ 78.7% |
| Profit (loss) for the period to be appropriated9905 | €455k | €190k | €389k | €180k | €279k | ▲ 54.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.29M | €4.23M | €4.36M | €6.02M | €6.13M | ▲ 1.9% |
| Fixed assets21/28 | €2.16M | €2.47M | €2.45M | €3.13M | €3.10M | ▼ 0.9% |
| Tangible fixed assets22/27 | €1.62M | €1.93M | €1.91M | €1.44M | €1.41M | ▼ 2.0% |
| Land and buildings22 | €1.56M | €1.89M | €1.82M | €1.36M | €1.34M | ▼ 1.3% |
| Plant, machinery and equipment23 | €4k | €3k | €2k | €2k | €847 | ▼ 47.7% |
| Furniture and vehicles24 | €58k | €44k | €80k | €85k | €74k | ▼ 12.8% |
| Financial fixed assets28 | €540k | €540k | €540k | €1.69M | €1.69M | = |
| Current assets29/58 | €1.12M | €1.76M | €1.91M | €2.89M | €3.03M | ▲ 4.9% |
| Stocks and contracts in progress3 | €675k | €1.29M | €1.07M | €1.21M | €1.36M | ▲ 12.0% |
| Stocks30/36 | €675k | €1.29M | €1.07M | €1.21M | €1.36M | ▲ 12.0% |
| Amounts receivable within one year40/41 | €116k | €103k | €106k | €213k | €97k | ▼ 54.3% |
| Trade receivables40 | €114k | €85k | €88k | €69k | €97k | ▲ 41.5% |
| Other amounts receivable41 | €2k | €18k | €18k | €144k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €333k | €280k | €737k | €1.46M | €1.57M | ▲ 7.7% |
| Deferred charges and accrued income490/1 | - | €80k | €525 | €2k | €423 | ▼ 83.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.29M | €4.23M | €4.36M | €6.02M | €6.13M | ▲ 1.9% |
| Equity10/15 | €2.06M | €2.20M | €2.67M | €3.12M | €3.46M | ▲ 10.7% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Revaluation surpluses12 | €59k | €59k | €52k | €31k | €29k | ▼ 6.5% |
| Reserves13 | €1.94M | €2.08M | €2.56M | €3.03M | €3.37M | ▲ 11.1% |
| Non-distributable reserves130/1 | €26k | €26k | €26k | €6k | €6k | = |
| Legal reserve130 | €26k | €26k | €26k | €6k | €6k | = |
| Tax-exempt reserves132 | €107k | €53k | €147k | €441k | €498k | ▲ 13.1% |
| Distributable reserves133 | €1.81M | €2.00M | €2.38M | €2.58M | €2.86M | ▲ 10.8% |
| Profit (loss) carried forward14 | €354 | €354 | €354 | €354 | €354 | = |
| Provisions and deferred taxes16 | - | - | €49k | €147k | €166k | ▲ 13.1% |
| Deferred taxes168 | - | - | €49k | €147k | €166k | ▲ 13.1% |
| Amounts payable17/49 | €1.23M | €2.03M | €1.64M | €2.75M | €2.50M | ▼ 8.8% |
| Amounts payable after more than one year17 | €205k | €981k | €249k | €188k | €126k | ▼ 33.0% |
| Financial debts170/4 | €205k | €981k | €249k | €188k | €126k | ▼ 33.0% |
| Amounts payable within one year42/48 | €1.02M | €1.05M | €1.39M | €2.56M | €2.38M | ▼ 7.0% |
| Current portion of amounts payable after more than one year42 | - | - | €266k | €61k | €62k | ▲ 1.1% |
| Financial debts43 | - | - | - | €205k | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €205k | €0 | ▼ 100% |
| Trade debts44 | €3k | €2k | €2k | €5k | €23k | ▲ 387% |
| Suppliers440/4 | €3k | €2k | €2k | €5k | €23k | ▲ 387% |
| Taxes, remuneration and social security45 | €39k | €45k | €82k | €74k | €46k | ▼ 36.9% |
| Taxes450/3 | €39k | €45k | €82k | €71k | €42k | ▼ 40.4% |
| Remuneration and social security454/9 | - | - | - | €3k | €4k | ▲ 47.5% |
| Other amounts payable47/48 | €978k | €1.01M | €1.04M | €2.21M | €2.25M | ▲ 1.5% |
| Accrued charges and deferred income492/3 | - | - | €1k | €100 | €100 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €347k | €136k | €483k | €473k | €336k | ▼ 29.0% |
| + Depreciation and write-downs630 | €56k | €61k | €60k | €50k | €67k | ▲ 33.0% |
| Operating cash flow (approximation) | €403k | €197k | €543k | €524k | €403k | ▼ 23.0% |
| Investment in fixed assets (approximation) | - | €-374k | €-31k | €-735k | €-38k | ▲ 94.8% |
| Change in cash | - | €-53k | €457k | €724k | €113k | ▼ 84.4% |
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
01-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 14 days late
2023
31-12
Financial
Highest result since 2018net €483k ▲254%
Operating result €748k, net result €483k, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €136k ▼60.7%
Net result drops to €136k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Equity above €2MEq €2.06M ▲20.2%
4 profitable years in a row build equity to €2.06M.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Show earlier events
2017
06-09
State Gazette act
General meeting · Director reappointment
Permanent representative · Director appointment
06-09
State Gazette act
General meeting · Director reappointment
Permanent representative · Director appointment
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Brugge · 1 establishment unit since 2008
Ground area
2,493 m²
Building footprint
89 m²
Volume, LiDAR
469 m³
Parcel 31030A0280/00G000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
GREJON
since 20082.168.858.434
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31030A0280/00G000 | Flanders | 2,493 m² | 1 · 89 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,730 companies in sector 64210 we hold annual accounts for 19,766. 9,268 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded06-02-2008
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
82100Office administrative and support services
70200Business and other management consultancy
71113Urban planning and landscape architecture
Scores and ratios are computed by Checked and are not a credit decision.