GREKAU
BankruptcySummary
The KBO register records for GREKAU the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2022 annual accounts show negative equity (-€15,171) and a net result of -€53,200.
Are you a creditor?
Judicial reorganisation
Source: Belgian Official Gazette
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- Enterprise Court of Liège
- Opened
- 25 April 2023
- Track
- Reorganisation by collective agreement
- Docket number
- 20230019
- Moratorium until
- 25 February 2024 (passed; an extension would be in a later judgment)
- Creditors' vote
- 13 February 2024
- Delegated judge
- Benoit Burnotte
- Official Gazette
- 02-05-2023 (pdf) ↗search the document for 2023/116609
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- Check the amount the company lists you for: it has to tell you. If it is wrong, dispute it in writing.
- The company files a reorganisation plan and creditors vote on it at a hearing. A plan approved and confirmed by the court also binds those who voted against.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette. The date of the vote on the plan is in the judgment and in RegSol.
View the file in RegSol ↗
Watch
Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 01-08-2023, 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
not filed
2023
not filed
2022
1 d late
2021
50 d late
2020
45 d late
2019
76 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 43 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
What should you check before you do business with this company?Supplier due diligence What held for this company on a given day: board, seat, name?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Launderettes and laundries for private customers sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, full schema
Turnover
€418,864▲ 23.1%
2021 · €340,284
EBIT margin
-10.0%▼ 15.3pp
2021 · 5.3%
Net result
-€53,200
2021 · €1,317
Working capital
€2,222▼ 97.1%
2021 · €77,091
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 96, Personal service 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
Line20182019202020212022
Turnover€362,021-€397,596▲ 9.8%€322,631▼ 18.9%€340,284▲ 5.5%€418,864▲ 23.1%
Operating result€16,934-€135▼ 99.2%€15,287▲ 11,237%€17,971▲ 17.6%-€42,090
Net result€8,946--€1,441€10,285within the sector's middle half€1,317within the sector's middle half▼ 87.2%-€53,200below the sector's middle half
EBIT margin4.7%-0.0%▼ 4.6pp4.7%▲ 4.7pp5.3%▲ 0.5pp-10.0%▼ 15.3pp
Equity€45,868-€44,428▼ 3.1%€36,712within the sector's middle half▼ 17.4%€38,029within the sector's middle half▲ 3.6%-€15,171below the sector's middle half
Total assets€194,778-€259,154▲ 33.1%€301,174above the sector's middle half▲ 16.2%€314,626above the sector's middle half▲ 4.5%€323,515within the sector's middle half▲ 2.8%
Debt€111,422-€210,359▲ 88.8%€264,462▲ 25.7%€276,597▲ 4.6%€338,687▲ 22.4%
Working capital€48,591-€74,202▲ 52.7%€87,070above the sector's middle half▲ 17.3%€77,091above the sector's middle half▼ 11.5%€2,222within the sector's middle half▼ 97.1%
Solvency23.5%-17.1%▼ 6.4pp12.2%within the sector's middle half▼ 5.0pp12.1%within the sector's middle half▼ 0.1pp-4.7%below the sector's middle half▼ 16.8pp
Current ratio1.48-1.65▲ 0.171.44within the sector's middle half▼ 0.211.33within the sector's middle half▼ 0.111.01within the sector's middle half▼ 0.32
Return on assets (ROA)4.6%--0.6%▼ 5.1pp3.4%within the sector's middle half▲ 4.0pp0.4%within the sector's middle half▼ 3.0pp-16.4%below the sector's middle half▼ 16.9pp
Staff (FTE)3.3-4.9▲ 48.5%2.6within the sector's middle half▼ 46.9%5.3▲ 104%6.6within the sector's middle half▲ 24.5%
above
within
below
the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €42,090 after €17,971 in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €323,515
Fixed assets
€3,820 ▲ 39.4%
Current assets
€319,696 ▲ 2.5%
Key figures and ratios
EBITDA
-€41,328▼
2021 · €18,817
Cash flow
-€52,439▼
2021 · €2,163
Debt to equity
-22.32▼
2021 · 7.27
Interest coverage
-7.41▼
2021 · 1.76
Debt ≤ 1 year
€317,474▲
2021 · €234,796
Debt > 1 year
€21,213▼
2021 · €41,801
Income taxes
€5,542▼
2021 · €6,885
Staff costs
€168,612▲
2021 · €123,592
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €362,021 | €397,596 | €322,631 | €340,284 | €418,864 | ▲ 23.1% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €174,309 | €279,389 | ▲ 60.3% |
| Remuneration, social security and pensions62 | - | - | - | €123,592 | €168,612 | ▲ 36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,308 | €19,922 | €7,679 | €847 | €762 | ▼ 10.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €952 | - | - |
| Other operating charges640/8 | - | - | - | €22,614 | €12,065 | ▼ 46.6% |
| Non-recurring operating charges66A | - | - | - | - | €126 | - |
| Gross operating margin9900 | €169,533 | €157,893 | €96,470 | €165,975 | €139,475 | ▼ 16.0% |
| Operating profit (loss)9901 | €16,934 | €135 | €15,287 | €17,971 | -€42,090 | ▼ 334% |
| Financial income75/76B | - | - | - | €952 | €12 | ▼ 98.7% |
| Recurring financial income75 | €11 | - | €0 | €952 | €12 | ▼ 98.7% |
| Financial charges65/66B | - | - | - | €10,722 | €5,581 | ▼ 48.0% |
| Recurring financial charges65 | €2,348 | €2,155 | €5,046 | €10,722 | €5,581 | ▼ 48.0% |
| Profit (loss) for the period before taxes9903 | €14,597 | -€2,020 | €10,235 | €8,201 | -€47,658 | ▼ 681% |
| Income taxes67/77 | €6,468 | €260 | €4,318 | €6,885 | €5,542 | ▼ 19.5% |
| Profit (loss) for the period9904 | €8,946 | -€1,441 | €10,285 | €1,317 | -€53,200 | ▼ 4,141% |
| Profit (loss) for the period to be appropriated9905 | €11,400 | €1,081 | €23,401 | €1,317 | -€53,200 | ▼ 4,141% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €194,778 | €259,154 | €301,174 | €314,626 | €323,515 | ▲ 2.8% |
| Fixed assets21/28 | €44,413 | €70,697 | €16,236 | €2,739 | €3,820 | ▲ 39.4% |
| Tangible fixed assets22/27 | €42,889 | €67,130 | €12,669 | €1,215 | €2,295 | ▲ 88.9% |
| Plant, machinery and equipment23 | - | - | - | €1,215 | €1,810 | ▲ 49.0% |
| Furniture and vehicles24 | - | - | - | - | €485 | - |
| Financial fixed assets28 | €1,524 | €3,567 | €3,567 | €1,524 | €1,524 | = |
| Current assets29/58 | €150,365 | €188,457 | €284,938 | €311,887 | €319,696 | ▲ 2.5% |
| Amounts receivable after more than one year29 | - | - | - | €16,271 | €16,271 | = |
| Trade receivables290 | - | - | - | €16,271 | €16,271 | = |
| Stocks and contracts in progress3 | €7,176 | €3,806 | €5,042 | - | - | - |
| Amounts receivable within one year40/41 | €116,551 | €154,653 | €226,796 | €252,530 | €290,156 | ▲ 14.9% |
| Trade receivables40 | - | - | - | €183,304 | €195,847 | ▲ 6.8% |
| Other amounts receivable41 | - | - | - | €69,226 | €94,309 | ▲ 36.2% |
| Cash at bank and in hand54/58 | €9,381 | €12,559 | €31,317 | €38,640 | €9,728 | ▼ 74.8% |
| Deferred charges and accrued income490/1 | - | - | - | €4,446 | €3,540 | ▼ 20.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €194,778 | €259,154 | €301,174 | €314,626 | €323,515 | ▲ 2.8% |
| Equity10/15 | €45,868 | €44,428 | €36,712 | €38,029 | -€15,171 | ▼ 140% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | = |
| Reserves13 | €25,688 | €23,166 | €16,050 | €16,050 | €16,050 | = |
| Non-distributable reserves130/1 | - | - | - | €1,900 | €1,900 | = |
| Reserves not available under the articles1311 | - | - | - | €1,900 | €1,900 | = |
| Tax-exempt reserves132 | - | - | - | €4,150 | €4,150 | = |
| Distributable reserves133 | - | - | - | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €1,588 | €2,669 | €2,070 | €3,387 | -€49,813 | ▼ 1,571% |
| Provisions and deferred taxes16 | €37,488 | €4,368 | - | - | - | - |
| Amounts payable17/49 | €111,422 | €210,359 | €264,462 | €276,597 | €338,687 | ▲ 22.4% |
| Amounts payable after more than one year17 | €9,648 | €96,104 | €66,594 | €41,801 | €21,213 | ▼ 49.3% |
| Financial debts170/4 | - | - | - | €41,801 | €21,213 | ▼ 49.3% |
| Amounts payable within one year42/48 | €101,774 | €114,255 | €197,868 | €234,796 | €317,474 | ▲ 35.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €24,793 | €20,588 | ▼ 17.0% |
| Financial debts43 | - | - | - | - | €78 | - |
| Credit institutions430/8 | - | - | - | - | €78 | - |
| Trade debts44 | €37,432 | €33,198 | €86,156 | €52,099 | €120,734 | ▲ 132% |
| Suppliers440/4 | - | - | - | €52,099 | €120,734 | ▲ 132% |
| Advances received on contracts in progress46 | - | - | - | - | €2,985 | - |
| Taxes, remuneration and social security45 | - | - | - | €133,247 | €173,089 | ▲ 29.9% |
| Taxes450/3 | - | - | - | €103,413 | €138,569 | ▲ 34.0% |
| Remuneration and social security454/9 | - | - | - | €29,834 | €34,520 | ▲ 15.7% |
| Other amounts payable47/48 | - | - | - | €24,657 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,946 | -€1,441 | €10,285 | €1,317 | -€53,200 | ▼ 4,141% |
| + Depreciation and write-downs630 | €23,308 | €19,922 | €7,679 | €847 | €762 | ▼ 10.0% |
| Operating cash flow (approximation) | €32,254 | €18,481 | €17,964 | €2,163 | -€52,439 | ▼ 2,524% |
| Investment in fixed assets (approximation) | - | -€46,205 | €46,781 | €12,651 | -€1,842 | ▼ 115% |
| Change in cash | - | €3,178 | €18,757 | €7,323 | -€28,912 | ▼ 495% |
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
2023
27-10
Judicial reorganisation
Extension
Tribunal de l’entreprise de Liège · collective agreement · event 24-10-2023
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 1 day late
02-05
Judicial reorganisation
Opening
Tribunal de l’entreprise de Liège · collective agreement · event 25-04-2023
2022
31-12
Financial
Weakest financial yearnet -€53,200
Net result drops to -€53,200, the lowest in the series.
19-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 50 days late
2021
14-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 45 days late
2020
31-12
Financial
Back to profitnet €10,285
Net result €10,285 after one loss-making year.
15-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 76 days late
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
2016
12-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 43 days late
2015
17-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 17 days late
2014
13-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 13 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Aywaille · 2 establishment units since 1995
Ground area
2,751 m²
Building footprint
943 m²
Volume, LiDAR
5,785 m³
2 parcels, Wallonia · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Rue de l'Expansion 1, 4460 Grâce-Hollogne
since 19952.069.695.631
Grekau
since 20202.316.237.759
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62046A0139/00K005 | Wallonia | 2,330 m² | 1 · 847 m² | 6.6 m · 2 fl. |
| 62009A1006/00M000 | Wallonia | 421 m² | 1 · 96 m² | 11.8 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.
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Of 998 companies in sector 96102 we hold annual accounts for 458. 351 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 (pre-2019)
Founded21-10-1994
Fiscal year end31-12
Activities, NACEBEL 2025
96102Launderettes and laundries for private customers
96101Personal service activities
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.