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GreLenCo

Active
Private limited companyfounded 20241 yr activeRue de l'Eglise 12-14, 4700 Eupen, BelgiumKBO/BCE: BE 1017.781.705
Summary

GreLenCo has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €45,656 and a net result of €41,515. The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
Axes
Profitability100
Solvency100
Growth-
Track record67
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 6.4; short-term debt: 15.4% and cash: 97.3% of total assets), and 15.8% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 22-05-2026, 70 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
70 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

GreLenCo was incorporated on 20 December 2024 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€45,656
Total assets
€54,205
Net result
€41,515
Working capital
€45,112

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €54,205
Fixed assets €745
Current assets €53,461
Equity and liabilities €54,205
Equity €45,656
Debt €8,549
Debt finances 15.8% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€52,685
Cash flow
€41,666
Current ratio
6.40
Debt to equity
0.19
ROE
90.9%
ROA
76.6%
Interest coverage
542.20
Debt ≤ 1 year
€8,349
Income taxes
€10,965

Peer companies

Historical observation

Of the 11,280 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
97% still going

For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 11,280 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
Filed annual accounts As filed with the NBB · 2025 · 37 lines
Balance sheet Code2025
Assets
Total assets20/58€54,205
Fixed assets21/28€745
Tangible fixed assets22/27€745
Furniture and vehicles24€745
Current assets29/58€53,461
Amounts receivable within one year40/41€35
Trade receivables40€0
Other amounts receivable41€35
Cash at bank and in hand54/58€52,719
Deferred charges and accrued income490/1€707
Equity and liabilities
Total equity and liabilities10/49€54,205
Equity10/15€45,656
Contributions10/11€5,000
Profit (loss) carried forward14€40,656
Amounts payable17/49€8,549
Amounts payable within one year42/48€8,349
Trade debts44€553
Suppliers440/4€553
Taxes, remuneration and social security45€6,474
Taxes450/3€6,474
Other amounts payable47/48€1,322
Accrued charges and deferred income492/3€200
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€151
Other operating charges640/8€113
Gross operating margin9900€52,799
Operating profit (loss)9901€52,534
Financial income75/76B€43
Recurring financial income75€43
Financial charges65/66B€97
Recurring financial charges65€97
Profit (loss) for the period before taxes9903€52,480
Income taxes67/77€10,965
Profit (loss) for the period9904€41,515
Profit (loss) for the period to be appropriated9905€41,515
Appropriation of the result
Profit (loss) to be appropriated9906€41,515
Profit to be distributed694/7€859
Return on contributions (dividend)694€859

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€151
Other operating charges640/8€113
Gross operating margin9900€52,799
Operating profit (loss)9901€52,534
Financial income75/76B€43
Recurring financial income75€43
Financial charges65/66B€97
Recurring financial charges65€97
Profit (loss) for the period before taxes9903€52,480
Income taxes67/77€10,965
Profit (loss) for the period9904€41,515
Profit (loss) for the period to be appropriated9905€41,515
Line2025
Assets
Total assets20/58€54,205
Fixed assets21/28€745
Tangible fixed assets22/27€745
Furniture and vehicles24€745
Current assets29/58€53,461
Amounts receivable within one year40/41€35
Trade receivables40€0
Other amounts receivable41€35
Cash at bank and in hand54/58€52,719
Deferred charges and accrued income490/1€707
Equity and liabilities
Total equity and liabilities10/49€54,205
Equity10/15€45,656
Contributions10/11€5,000
Profit (loss) carried forward14€40,656
Amounts payable17/49€8,549
Amounts payable within one year42/48€8,349
Trade debts44€553
Suppliers440/4€553
Taxes, remuneration and social security45€6,474
Taxes450/3€6,474
Other amounts payable47/48€1,322
Accrued charges and deferred income492/3€200
Line2025
Profit (loss) for the period9904€41,515
+ Depreciation and write-downs630€151
Operating cash flow (approximation)€41,666

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
24-06
State Gazette act General meeting · Director appointment
Permanent representative
22-05
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
State Gazette actNBB filing
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
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Eupen · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
667 m²
Building footprint
130 m²
Volume, LiDAR
1,535 m³
Parcel 63023F0053/00C000, Wallonia · tallest building 15.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
GreLenCo
Rue de l'Eglise 12-14, 4700 EupenCertified accountants and tax accountants
since 20242.368.064.463
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
63023F0053/00C000
ProtectedMonument
Wallonia 667 m² 1 · 130 m² 15.0 m · 4 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Similar companies · same sector and region

The National Bank holds 1 filing for this company, but none with figures Checked can read, so a size comparison is not possible. These companies share only the sector and the region. Of 12,173 companies in this sector we hold annual accounts for 7,643. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded20-12-2024
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
70100Activities of head offices
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:1017781705
Registered 14-11-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.