Grenaud SA
ActiveGrenaud SA has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €939k and a net result of €26k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 95% of 4807 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
73
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability72▲+2
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 13.24 against 13.2 in 2023; short-term debt: 2.7% and cash: 6.5% of total assets), and 2.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
97.3%
Return on assets
2.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
31 d late
2022
31 d late
2021
61 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€26k▲ 341%
2023 · €6k
2021: €-7k
2022: €23k
2023: €6k
2021 → 2024
Working capital
€319k▲ 8.3%
2023 · €295k
2021: €508k
2022: €286k
2023: €295k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€902k-€910k▲ 0.9%€913k▲ 0.3%€939k▲ 2.9%
Operating result€-7k-€27k€9k▼ 66.1%€31k▲ 244%
Net result€-7k-€23k€6k▼ 74.8%€26k▲ 341%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 244% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €965k
Fixed assets
€620k▲ 0.1%
Current assets
€345k▲ 8.3%
Equity and liabilities €965k
Equity
€939k▲ 2.9%
Debt
€26k▲ 4.2%
The debt ratio stays at 2.7%.
Key figures and ratios
EBITDA
€33k▲
2023 · €17k
Cash flow
€28k▲
2023 · €14k
Solvency
97.3%=
2023 · 97.3%
Current ratio
13.24▲
2023 · 13.20
Quick ratio
13.24▲
2023 · 13.20
Debt / equity
0.03▲
2023 · 0.03
ROE
2.8%▲
2023 · 0.6%
ROA
2.7%▲
2023 · 0.6%
Interest coverage
39.86▲
2023 · 20.31
Debt
€26k▲
2023 · €25k
Debt ≤ 1 year
€26k▲
2023 · €24k
Income taxes
€10k▲
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€938k€965k▲
Fixed assets21/28€619k€620k▲
Tangible fixed assets22/27€2k€3k▲
Furniture and vehicles24€2k€3k▲
Financial fixed assets28€617k€617k=
Current assets29/58€319k€345k▲
Amounts receivable within one year40/41€23k€26k▲
Trade receivables40€22k€26k▲
Other amounts receivable41€2k-
Current investments50/53-€255k
Cash at bank and in hand54/58€294k€63k▼
Deferred charges and accrued income490/1€1k€923▼
Equity and liabilities
Total equity and liabilities10/49€938k€965k▲
Equity10/15€913k€939k▲
Contributions10/11€1.00M€1.00M=
Capital10€1.00M€1.00M=
Issued capital100€1.00M€1.00M=
Profit (loss) carried forward14€-87k€-61k▲
Amounts payable17/49€25k€26k▲
Amounts payable within one year42/48€24k€26k▲
Trade debts44€12k€5k▼
Suppliers440/4€12k€5k▼
Taxes, remuneration and social security45€9k€11k▲
Taxes450/3€9k€11k▲
Other amounts payable47/48€3k€10k▲
Accrued charges and deferred income492/3€903€16▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€2k▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€18k€34k▲
Operating profit (loss)9901€9k€31k▲
Financial income75/76B-€5k
Recurring financial income75-€5k
Financial charges65/66B€830€828▼
Recurring financial charges65€830€828▼
Profit (loss) for the period before taxes9903€8k€36k▲
Income taxes67/77€2k€10k▲
Profit (loss) for the period9904€6k€26k▲
Profit (loss) for the period to be appropriated9905€6k€26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-84k€-61k▲
Profit (loss) brought forward from the previous period14P€-90k€-87k▲
Profit to be distributed694/7€3k-
Directors or managers695€3k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2021net €26k ▲341%
Operating result €31k, net result €26k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 31 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Watermaal-Bosvoorde · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Tumulidreef 211170 Watermaal-BosvoordeGround area
971 m²
Building footprint
140 m²
Volume, LiDAR
1,146 m³
Parcel 21652E0036/00E002, Brussels · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Tumulidreef 21, 1170 Watermaal-Bosvoorde
since 20212.315.355.059
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0036/00E002 | Brussels | 971 m² | 1 · 140 m² | 11.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 11,749 companies in sector 68310 we hold annual accounts for 6,906. 3,830 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-10-2020
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68321Property management for co-owned buildings (syndics)
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.