GRENOBLE
ActiveSummary
GRENOBLE has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.5m and a net result of -€26,732. Equity is shrinking by ~9.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability35▼-13
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170,000 at 30 days acceptable
Liquidity ample (current ratio 2.96 against 3.1 in 2024; short-term debt: 7.1% and cash: 20.5% of total assets), and 7.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
92.9%
Return on assets
-1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-09-2026, 38 days 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
38 d late
2024
23 d early
2023
5 d late
2022
40 d early
2021
271 d late
2020
368 d late
2019
48 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 95 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€26,732
2024 · €119,152
Working capital
€380,782▼ 6.6%
2024 · €407,514
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-€36,255▲ 41.6%€1.6m-€33,744-€26,631▲ 21.1%-€26,684▼ 0.2%
Net result-€536,513▼ 58.6%€1.4m-€100,128€119,152-€26,732
Equity€3.6m▼ 12.9%€5.0m▲ 38.8%€2.4m▼ 51.5%€2.6m▲ 4.9%€2.5m▼ 1.0%
Total assets€7.3m▼ 5.7%€9.5m▲ 30.0%€2.8m▼ 70.2%€2.8m▼ 2.6%€2.7m▼ 1.0%
Debt€3.7m▲ 2.7%€4.4m▲ 21.3%€387,729▼ 91.3%€194,093▼ 49.9%€193,784▼ 0.2%
Working capital€3.4m€6.9m▲ 104%€290,218▼ 95.8%€407,514▲ 40.4%€380,782▼ 6.6%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €26,684 in 2025 against €26,631 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.7m
Fixed assets
€2.2m =
Current assets
€574,565 ▼ 4.5%
Equity and liabilities €2.7m
Equity
€2.5m ▼ 1.0%
Debt
€193,784 ▼ 0.2%
Debt's share of the balance-sheet total rises from 7.0% to 7.1%. Equity and debt are lower.
Key figures and ratios
Current ratio
2.96▼
2024 · 3.10
Debt to equity
0.08▲
2024 · 0.08
ROE
-1.1%▼
2024 · 4.7%
ROA
-1.0%▼
2024 · 4.3%
Debt ≤ 1 year
€193,784▼
2024 · €194,093
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1.8m | - | - | - | - |
| Other operating charges640/8 | €868 | €868 | €960 | €968 | €998 | ▲ 3.2% |
| Gross operating margin9900 | -€35,387 | €1.6m | -€32,783 | -€25,664 | -€25,686 | ▼ 0.1% |
| Operating profit (loss)9901 | -€36,255 | €1.6m | -€33,744 | -€26,631 | -€26,684 | ▼ 0.2% |
| Financial income75/76B | €49,681 | - | - | €145,830 | - | - |
| Recurring financial income75 | €49,681 | - | - | €145,830 | - | - |
| Financial charges65/66B | €549,938 | €61,446 | €65,838 | €47 | €48 | ▲ 3.2% |
| Recurring financial charges65 | €66,581 | €61,446 | €65,838 | €47 | €48 | ▲ 3.2% |
| Non-recurring financial charges66B | €483,357 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€536,513 | €1.6m | -€99,581 | €119,152 | -€26,732 | ▼ 122% |
| Income taxes67/77 | - | €148,379 | €547 | - | - | - |
| Profit (loss) for the period9904 | -€536,513 | €1.4m | -€100,128 | €119,152 | -€26,732 | ▼ 122% |
| Profit (loss) for the period to be appropriated9905 | -€536,513 | €1.4m | -€100,128 | €119,152 | -€26,732 | ▼ 122% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.3m | €9.5m | €2.8m | €2.8m | €2.7m | ▼ 1.0% |
| Fixed assets21/28 | €3.8m | €2.2m | €2.2m | €2.2m | €2.2m | = |
| Financial fixed assets28 | €3.8m | €2.2m | €2.2m | €2.2m | €2.2m | = |
| Current assets29/58 | €3.5m | €7.3m | €676,092 | €601,607 | €574,565 | ▼ 4.5% |
| Amounts receivable within one year40/41 | €3.5m | €3.9m | - | - | - | - |
| Other amounts receivable41 | €3.5m | €3.9m | - | - | - | - |
| Cash at bank and in hand54/58 | - | €3.4m | €660,283 | €586,107 | €558,339 | ▼ 4.7% |
| Deferred charges and accrued income490/1 | €12,449 | €15,766 | €15,808 | €15,500 | €16,226 | ▲ 4.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.3m | €9.5m | €2.8m | €2.8m | €2.7m | ▼ 1.0% |
| Equity10/15 | €3.6m | €5.0m | €2.4m | €2.6m | €2.5m | ▼ 1.0% |
| Contributions10/11 | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | = |
| Capital10 | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | = |
| Issued capital100 | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | = |
| Reserves13 | €221,563 | €221,563 | €221,563 | €221,563 | €221,563 | = |
| Non-distributable reserves130/1 | €221,563 | €221,563 | €221,563 | €221,563 | €221,563 | = |
| Legal reserve130 | €221,563 | €221,563 | €221,563 | €221,563 | €221,563 | = |
| Profit (loss) carried forward14 | €1.2m | €2.6m | €4,754 | €123,905 | €97,173 | ▼ 21.6% |
| Amounts payable17/49 | €3.7m | €4.4m | €387,729 | €194,093 | €193,784 | ▼ 0.2% |
| Amounts payable after more than one year17 | €1.4m | €1.5m | - | - | - | - |
| Financial debts170/4 | €1.4m | €1.5m | - | - | - | - |
| Amounts payable within one year42/48 | €152,714 | €465,072 | €385,873 | €194,093 | €193,784 | ▼ 0.2% |
| Current portion of amounts payable after more than one year42 | €12,663 | €12,663 | €12,663 | €12,663 | €12,663 | = |
| Trade debts44 | €15,156 | €122,145 | €19,788 | €16,536 | €16,226 | ▼ 1.9% |
| Suppliers440/4 | €15,156 | €122,145 | €19,788 | €16,536 | €16,226 | ▼ 1.9% |
| Taxes, remuneration and social security45 | - | €148,379 | €44,514 | - | - | - |
| Taxes450/3 | - | €148,379 | €44,514 | - | - | - |
| Other amounts payable47/48 | €124,894 | €181,885 | €308,909 | €164,894 | €164,894 | = |
| Accrued charges and deferred income492/3 | €2.1m | €2.4m | €1,856 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€536,513 | €1.4m | -€100,128 | €119,152 | -€26,732 | ▼ 122% |
| Operating cash flow (approximation) | -€536,513 | €1.4m | -€100,128 | €119,152 | -€26,732 | ▼ 122% |
| Investment in fixed assets (approximation) | - | €1.6m | €0 | €0 | €0 | - |
| Change in cash | - | - | -€2.7m | -€74,176 | -€27,769 | ▲ 62.6% |
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
07-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 38 days late
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €119,152
Net result €119,152 after one loss-making year.
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 5 days late
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 271 days late
2022
31-12
Financial
Back to profitnet €1.4m
Net result €1.4m after 4 loss-making years.
31-12
Financial
Equity above €5mEq €5.0m ▲38.8%
Equity rises from €3.6m to €5.0m.
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 368 days late
2021
31-12
Financial
Weakest financial yearnet -€536,513
Net result drops to -€536,513, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 226current ratio 23.09
Current ratio from 0.10 to 23.09.
2020
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 48 days late
Show earlier events
2019
10-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 41 days late
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
05-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Etterbeek · 1 establishment unit since 2005
Ground area
1,690 m²
Building footprint
582 m²
Volume, LiDAR
13,226 m³
Parcel 21363B0335/00C003, Brussels · tallest building 33.9 m, ±9 floors. Linked by address, not a title deed.
187
companies at this address
See who is registered here
1 establishment unit
-
since 20052.145.275.061
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0335/00C003 | Brussels | 1,690 m² | 1 · 581 m² | 33.9 m · 9 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.
Structure & network
Owners and holdings
3 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 3
- Soluciones e Inversiones en Salud Integral SAPI de CVMXSourceown accounts 2025Equity USD 18.0mResult USD 9.0m3.38%
-
0.48%
-
0.22%
According to the 2025 annual accounts of GRENOBLE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPublic limited company
Founded10-01-2005
Fiscal year end31-12
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.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
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Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.