GRENACHE
ActiveSummary
GRENACHE has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €120k and a net result of €-51k. Equity is shrinking by ~13.9% per year across the filed fiscal years. Its solvency ranks better than 23% of 2937 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability42▼-14
Solvency32▼-3
Growth72▲+14
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.0 against 1.01 in 2023; short-term debt: 92.5% and cash: 9.6% of total assets), and 93.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
6.9%
Return on assets
-3%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-51k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 2937 sector peers (2024).
NBB · sector comparisonPosition among 2937 sector peers
Solvency
better than 23%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-11-2025, 104 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
104 d late
2023
43 d early
2022
231 d late
2021
509 d late
2020
510 d late
2019
119 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
€106.00M▲ 8,360%
2023 · €1.25M
2023: €1.25M
2024: €106.00M▲ +8360% vs 2023
2023 → 2024
EBIT margin
-0.1%▲ 3.8pp
2023 · -3.9%
2023: -3.9%
2024: -0.1%▲ +98.7% vs 2023
2023 → 2024
Net result
€-51k▼ 150%
2023 · €-21k
2018: €-65klowest in 7 years
2019: €-23k▲ +65.1% vs 2018
2020: €-40k▼ -77.0% vs 2019
2021: €-27k▲ +31.4% vs 2020
2022: €-31k▼ -12.6% vs 2021
2023: €-21k▲ +33.4% vs 2022highest in 7 years
2024: €-51k▼ -150% vs 2023
2018 → 2024
Working capital
€3k▼ 86.4%
2023 · €21k
2018: €47k
2019: €75k▲ +59.1% vs 2018
2020: €85k▲ +13.9% vs 2019
2021: €108k▲ +26.7% vs 2020
2022: €127k▲ +18.0% vs 2021highest in 7 years
2023: €21k▼ -83.8% vs 2022
2024: €3k▼ -86.4% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€1.25M€106.00M▲ 8,360%
2023: €1.25M
2024: €106.00M▲ +8360% vs 2023
Equity€250k-€223k▼ 11.0%€192k▼ 13.9%€171k▼ 10.7%€120k▼ 30.0%
2020: €250khighest in 5 years
2021: €223k▼ -11.0% vs 2020
2022: €192k▼ -13.9% vs 2021
2023: €171k▼ -10.7% vs 2022
2024: €120k▼ -30.0% vs 2023lowest in 5 years
Operating result€-51k-€-43k▲ 15.2%€-28k▲ 34.0%€-48k▼ 70.5%€-55k▼ 13.7%
2020: €-51k
2021: €-43k▲ +15.2% vs 2020
2022: €-28k▲ +34.0% vs 2021highest in 5 years
2023: €-48k▼ -70.5% vs 2022
2024: €-55k▼ -13.7% vs 2023lowest in 5 years
Net result€-40k-€-27k▲ 31.4%€-31k▼ 12.6%€-21k▲ 33.4%€-51k▼ 150%
2020: €-40k
2021: €-27k▲ +31.4% vs 2020
2022: €-31k▼ -12.6% vs 2021
2023: €-21k▲ +33.4% vs 2022highest in 5 years
2024: €-51k▼ -150% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €55k in 2024 against €48k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.73M
Fixed assets
€128k ▼ 21.9%
Current assets
€1.60M ▲ 7.0%
Equity and liabilities €1.73M
Equity
€120k ▼ 30.0%
Provisions
€11k =
Debt
€1.60M ▲ 8.2%
Debt's share of the balance-sheet total rises from 89.1% to 92.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€6k▼
2023 · €39k
Cash flow
€10k▼
2023 · €67k
Current ratio
1.00▼
2023 · 1.01
Quick ratio
0.33▲
2023 · 0.27
Debt to equity
13.34▲
2023 · 8.64
ROE
-42.8%▼
2023 · -12.0%
ROA
-3.0%▼
2023 · -1.2%
Interest coverage
4.60▼
2023 · 8.63
Debt ≤ 1 year
€1.60M▲
2023 · €1.48M
Debt > 1 year
€6
Staff costs
€422▼
2023 · €36k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.66M€1.73M▲
Fixed assets21/28€163k€128k▼
Tangible fixed assets22/27€163k€128k▼
Land and buildings22€131k€96k▼
Plant, machinery and equipment23€32k€31k▼
Current assets29/58€1.50M€1.60M▲
Stocks and contracts in progress3€1.10M€1.07M▼
Stocks30/36€1.10M€1.07M▼
Amounts receivable within one year40/41€355k€275k▼
Trade receivables40€317k€237k▼
Other amounts receivable41€38k€38k▲
Cash at bank and in hand54/58€39k€166k▲
Deferred charges and accrued income490/1-€89k
Equity and liabilities
Total equity and liabilities10/49€1.66M€1.73M▲
Equity10/15€171k€120k▼
Contributions10/11€514k€514k=
Reserves13€20k€20k=
Tax-exempt reserves132€20k€20k=
Profit (loss) carried forward14€-364k€-415k▼
Provisions and deferred taxes16€11k€11k=
Deferred taxes168€11k€11k=
Amounts payable17/49€1.48M€1.60M▲
Amounts payable after more than one year17-€6
Other amounts payable178/9-€6
Amounts payable within one year42/48€1.48M€1.60M▲
Trade debts44€167k€955k▲
Suppliers440/4€167k€955k▲
Taxes, remuneration and social security45€953-
Taxes450/3€953-
Other amounts payable47/48€1.31M€643k▼
Accrued charges and deferred income492/3€2k-
Income statement
Code20232024
Turnover70€1.25M€106.00M▲
Goods, raw materials, services and sundry goods60/61€1.14M-
Remuneration, social security and pensions62€36k€422▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€87k€61k▼
Other operating charges640/8€33k€4k▼
Gross operating margin9900€108k€10k▼
Operating profit (loss)9901€-48k€-55k▼
Financial income75/76B€11k€5k▼
Recurring financial income75€1k€455▼
Non-recurring financial income76B€10k€4k▼
Financial charges65/66B€5k€1k▼
Recurring financial charges65€5k€1k▼
Profit (loss) for the period before taxes9903€-42k€-51k▼
Transfer from deferred taxes780€14k-
Income taxes67/77€-7k-
Profit (loss) for the period9904€-21k€-51k▼
Transfer from tax-exempt reserves789€27k-
Profit (loss) for the period to be appropriated9905€7k€-51k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-364k€-415k▼
Profit (loss) brought forward from the previous period14P€-370k€-364k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €1.25M | €106.00M | ▲ 8,360% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €1.14M | - | - |
| Remuneration, social security and pensions62 | - | - | - | €36k | €422 | ▼ 98.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €64k | €64k | €64k | €87k | €61k | ▼ 30.4% |
| Other operating charges640/8 | €63k | €14k | €450 | €33k | €4k | ▼ 87.6% |
| Gross operating margin9900 | €76k | €36k | €36k | €108k | €10k | ▼ 90.4% |
| Operating profit (loss)9901 | €-51k | €-43k | €-28k | €-48k | €-55k | ▼ 13.7% |
| Financial income75/76B | €313 | €4k | €1k | €11k | €5k | ▼ 55.7% |
| Recurring financial income75 | €59 | €37 | €199 | €1k | €455 | ▼ 55.2% |
| Non-recurring financial income76B | €254 | €4k | €899 | €10k | €4k | ▼ 55.7% |
| Financial charges65/66B | €4k | €3k | €10k | €5k | €1k | ▼ 71.4% |
| Recurring financial charges65 | €4k | €3k | €10k | €5k | €1k | ▼ 71.4% |
| Profit (loss) for the period before taxes9903 | €-54k | €-41k | €-37k | €-42k | €-51k | ▼ 22.6% |
| Transfer from deferred taxes780 | €14k | €14k | €14k | €14k | - | - |
| Income taxes67/77 | - | €29 | €7k | €-7k | - | - |
| Profit (loss) for the period9904 | €-40k | €-27k | €-31k | €-21k | €-51k | ▼ 150% |
| Transfer from tax-exempt reserves789 | €27k | €27k | €27k | €27k | - | - |
| Profit (loss) for the period to be appropriated9905 | €-13k | €-351 | €-4k | €7k | €-51k | ▼ 888% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.03M | €1.17M | €2.20M | €1.66M | €1.73M | ▲ 4.2% |
| Fixed assets21/28 | €217k | €153k | €89k | €163k | €128k | ▼ 21.9% |
| Tangible fixed assets22/27 | €217k | €153k | €89k | €163k | €128k | ▼ 21.9% |
| Land and buildings22 | €217k | €153k | €89k | €131k | €96k | ▼ 26.6% |
| Plant, machinery and equipment23 | - | €185 | €185 | €32k | €31k | ▼ 2.8% |
| Current assets29/58 | €817k | €1.02M | €2.11M | €1.50M | €1.60M | ▲ 7.0% |
| Stocks and contracts in progress3 | - | - | - | €1.10M | €1.07M | ▼ 2.8% |
| Stocks30/36 | - | - | - | €1.10M | €1.07M | ▼ 2.8% |
| Amounts receivable within one year40/41 | €658k | €942k | €2.03M | €355k | €275k | ▼ 22.4% |
| Trade receivables40 | €203k | €244k | €401k | €317k | €237k | ▼ 25.1% |
| Other amounts receivable41 | €455k | €698k | €1.63M | €38k | €38k | ▲ 0.3% |
| Cash at bank and in hand54/58 | €159k | €73k | €75k | €39k | €166k | ▲ 327% |
| Deferred charges and accrued income490/1 | €296 | €422 | €223 | - | €89k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.03M | €1.17M | €2.20M | €1.66M | €1.73M | ▲ 4.2% |
| Equity10/15 | €250k | €223k | €192k | €171k | €120k | ▼ 30.0% |
| Contributions10/11 | €514k | €514k | €514k | €514k | €514k | = |
| Reserves13 | €102k | €75k | €48k | €20k | €20k | = |
| Tax-exempt reserves132 | €102k | €75k | €48k | €20k | €20k | = |
| Profit (loss) carried forward14 | €-366k | €-366k | €-370k | €-364k | €-415k | ▼ 14.1% |
| Provisions and deferred taxes16 | €52k | €38k | €24k | €11k | €11k | = |
| Deferred taxes168 | €52k | €38k | €24k | €11k | €11k | = |
| Amounts payable17/49 | €732k | €908k | €1.98M | €1.48M | €1.60M | ▲ 8.2% |
| Amounts payable after more than one year17 | - | - | - | - | €6 | - |
| Other amounts payable178/9 | - | - | - | - | €6 | - |
| Amounts payable within one year42/48 | €732k | €908k | €1.98M | €1.48M | €1.60M | ▲ 8.3% |
| Trade debts44 | €171k | €347k | €1.15M | €167k | €955k | ▲ 473% |
| Suppliers440/4 | €171k | €347k | €1.15M | €167k | €955k | ▲ 473% |
| Taxes, remuneration and social security45 | €58k | €57k | €330k | €953 | - | - |
| Taxes450/3 | €58k | €57k | €330k | €953 | - | - |
| Other amounts payable47/48 | €504k | €504k | €497k | €1.31M | €643k | ▼ 50.8% |
| Accrued charges and deferred income492/3 | - | - | - | €2k | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-40k | €-27k | €-31k | €-21k | €-51k | ▼ 150% |
| + Depreciation and write-downs630 | €64k | €64k | €64k | €87k | €61k | ▼ 30.4% |
| Operating cash flow (approximation) | €24k | €37k | €33k | €67k | €10k | ▼ 85.8% |
| Investment in fixed assets (approximation) | - | €-185 | €0 | €-162k | €-25k | ▲ 84.5% |
| Change in cash | - | €-86k | €3k | €-37k | €127k | ▲ 446% |
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
2025
12-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 104 days late
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
18-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 231 days late
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 509 days late
2022
23-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 510 days late
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Aartselaar · 1 establishment unit since 1996
Ground area
1.3 ha
Building footprint
3,532 m²
Parcel 11001B0079/00H000, Flanders. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Kontichsesteenweg 60, 2630 Aartselaar
since 19962.077.162.057
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11001B0079/00H000 | Flanders | 1.3 ha | 1 · 3,532 m² | - |
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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HESTOLL
BE 0783.344.977
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BOSS ASSOCIES
BE 0525.884.015
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 9,369 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)
Founded08-09-1995
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
46431Wholesale of electrical household appliances and audio-video equipment
Scores and ratios are computed by Checked and are not a credit decision.