Grensland Media
ActiveSummary
Grensland Media has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-318k) and a net result of €-109k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 1410 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
24
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.09 against 0.09 in 2023; short-term debt: 201.6% and cash: 0.3% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-101.6%
Return on assets
-34.8%
Age of the figures
21 mo
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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-318k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
not confirmed
2024
29 d late
2023
672 d late
2022
1038 d late
2021
31 d late
2020
129 d late
2019
222 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€-318k▼ 52.2%
2023 · €-209k
2018: €-39k
2019: €-176k
2020: €32k
2021: €-20k
2022: €-97k
2023: €-209k
2018 → 2024
Total assets
€313k▼ 5.9%
2023 · €332k
2018: €254k
2019: €261k
2020: €357k
2021: €379k
2022: €349k
2023: €332k
2018 → 2024
Net result
€-109k▲ 2.6%
2023 · €-112k
2018: €-105k
2019: €-137k
2020: €318k
2021: €-52k
2022: €-77k
2023: €-112k
2018 → 2024
Working capital
€-574k▼ 16.8%
2023 · €-492k
2018: €-194k
2019: €-320k
2020: €-281k
2021: €-361k
2022: €-407k
2023: €-492k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€32k-€-20k€-97k▼ 379%€-209k▼ 116%€-318k▼ 52.2%
Operating result€320k-€-51k€-76k▼ 49.5%€-112k▼ 46.1%€-109k▲ 2.4%
Net result€318k-€-52k€-77k▼ 47.7%€-112k▼ 46.3%€-109k▲ 2.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €109k in 2024 against €112k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €313k
Fixed assets
€257k ▼ 9.3%
Current assets
€56k ▲ 13.9%
Key figures and ratios
EBITDA
€-83k▲
2023 · €-84k
Cash flow
€-83k▲
2023 · €-84k
Solvency
-101.6%▼
2023 · -62.8%
Current ratio
0.09▼
2023 · 0.09
Debt to equity
-1.98▲
2023 · -2.59
ROA
-34.8%▼
2023 · -33.7%
Interest coverage
-1836.78▼
2023 · -274.97
Debt
€631k▲
2023 · €541k
Debt ≤ 1 year
€631k▲
2023 · €541k
Staff costs
€67k▼
2023 · €79k
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 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€332k€313k▼
Fixed assets21/28€283k€257k▼
Tangible fixed assets22/27€280k€254k▼
Land and buildings22€250k€236k▼
Plant, machinery and equipment23€31k€18k▼
Financial fixed assets28€2k€2k=
Current assets29/58€49k€56k▲
Amounts receivable within one year40/41€47k€55k▲
Trade receivables40€34k€37k▲
Other amounts receivable41€13k€18k▲
Cash at bank and in hand54/58€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€332k€313k▼
Equity10/15€-209k€-318k▼
Contributions10/11€30k€30k=
Capital10-€30k
Issued capital100-€30k
Reserves13€84k€84k=
Non-distributable reserves130/1€3k€3k=
Legal reserve130-€3k
Reserves not available under the articles1311€3k-
Distributable reserves133€81k€81k=
Profit (loss) carried forward14€-323k€-432k▼
Amounts payable17/49€541k€631k▲
Amounts payable within one year42/48€541k€631k▲
Trade debts44€74k€56k▼
Suppliers440/4€74k€56k▼
Taxes, remuneration and social security45€56k€39k▼
Taxes450/3€19k€16k▼
Remuneration and social security454/9€37k€23k▼
Other amounts payable47/48€411k€536k▲
Income statement
Code20232024
Remuneration, social security and pensions62€79k€67k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€26k▼
Other operating charges640/8€3k€4k▲
Gross operating margin9900€-2k€-11k▼
Operating profit (loss)9901€-112k€-109k▲
Financial income75/76B€10-
Recurring financial income75€10-
Financial charges65/66B€306€45▼
Recurring financial charges65€306€45▼
Profit (loss) for the period before taxes9903€-112k€-109k▲
Profit (loss) for the period9904€-112k€-109k▲
Profit (loss) for the period to be appropriated9905€-112k€-109k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-323k€-432k▼
Profit (loss) brought forward from the previous period14P€-211k€-323k▼
Social balance
Average headcount (FTE)90870.01.0▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 672 days late
03-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 1038 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
07-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 129 days late
10-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 222 days late
2020
31-12
Financial
Back to profitnet €318k
Net result €318k after 2 loss-making years.
2019
31-12
Financial
Weakest financial yearnet €-137k
Net result drops to €-137k, the lowest in the series; recovery starts the following year.
06-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 128 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
02-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 63 days late
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Lanaken · 2 establishment units since 1993
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.
Steenweg 2433621 LanakenGround area
5,668 m²
Building footprint
3,065 m²
Volume, LiDAR
20,989 m³
2 parcels, Flanders · tallest building 18.8 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
GRENSLAND MEDIA
since 19932.063.625.114
Grenslandmedia
since 20232.344.475.647
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73064A0325/00E000 | Flanders | 3,456 m² | 1 · 935 m² | 18.8 m · 4 fl. |
| 72020C0353/00S000 | Flanders | 2,212 m² | 1 · 2,130 m² | 13.7 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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 9,860 companies in sector 73110 we hold annual accounts for 3,753. 2,847 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded26-08-1993
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
73120Media representation
32121Other manufacturing
46120Wholesale trade
46150Agents in the wholesale of furniture, household goods and hardware
46170Agents in the wholesale of food, beverages and tobacco
46211Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.