Grenz-Echo
ActiveSummary
Grenz-Echo has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.3m and a net result of -€132,253. Equity is shrinking by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 34% of 199 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
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Signals
This company filed its last 7 accounts on average 10 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2024, full schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 18, Printing and reproduction of recorded media, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 2,507 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.9% |
| 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 2,507 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.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €6.1m | - | - | - | - |
| Turnover70 | €5.6m | €5.4m | €6.9m | €6.5m | €6.4m | ▼ 0.3% |
| Other operating income74 | - | €648,674 | - | - | - | - |
| Non-recurring operating income76A | - | €833 | €7,337 | €1,680 | €3,360 | ▲ 100% |
| Operating charges60/66A | - | €5.9m | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €5.2m | €5.2m | €4.8m | ▼ 7.6% |
| Goods for resale, raw materials and consumables60 | - | €2.1m | - | - | - | - |
| Purchases600/8 | - | €2.1m | - | - | - | - |
| Change in stocks: decrease (increase)609 | - | €31,201 | - | - | - | - |
| Services and other goods61 | - | €1.4m | - | - | - | - |
| Remuneration, social security and pensions62 | - | €2.2m | €2.4m | €2.4m | €2.4m | ▲ 3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €135,544 | €131,318 | €123,873 | €73,890 | €56,864 | ▼ 23.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€15,381 | -€55,675 | €10,068 | €5,352 | ▼ 46.8% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€1,950 | - | - | - | - |
| Other operating charges640/8 | - | €94,402 | €111,897 | €48,873 | €47,610 | ▼ 2.6% |
| Non-recurring operating charges66A | - | €16,362 | €51,518 | - | €16,185 | - |
| Gross operating margin9900 | - | - | €2.4m | €2.1m | €2.5m | ▲ 16.4% |
| Operating profit (loss)9901 | -€219,749 | €164,712 | -€198,999 | -€379,816 | -€104,960 | ▲ 72.4% |
| Financial income75/76B | - | €717,883 | €32,900 | €31,300 | €14,760 | ▼ 52.8% |
| Recurring financial income75 | €134,831 | €547,383 | €32,900 | €31,300 | €14,760 | ▼ 52.8% |
| Income from financial fixed assets750 | - | €536,150 | - | - | - | - |
| Income from current assets751 | - | €192 | - | - | - | - |
| Other financial income752/9 | - | €11,040 | - | - | - | - |
| Non-recurring financial income76B | - | €170,500 | - | - | - | - |
| Financial charges65/66B | - | €7,871 | €131,845 | €24,493 | €39,621 | ▲ 61.8% |
| Recurring financial charges65 | €15,122 | €7,871 | €16,845 | €24,493 | €39,621 | ▲ 61.8% |
| Debt charges650 | €4,494 | €409 | - | - | - | - |
| Other financial charges652/9 | - | €7,462 | - | - | - | - |
| Non-recurring financial charges66B | - | - | €115,000 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€100,041 | €874,724 | -€297,944 | -€373,008 | -€129,820 | ▲ 65.2% |
| Income taxes67/77 | €218 | €3,955 | €2,205 | €2,945 | €2,433 | ▼ 17.4% |
| Taxes670/3 | - | €3,955 | - | - | - | - |
| Profit (loss) for the period9904 | -€100,259 | €870,768 | -€300,150 | -€375,953 | -€132,253 | ▲ 64.8% |
| Profit (loss) for the period to be appropriated9905 | -€100,259 | €870,768 | -€300,150 | -€375,953 | -€132,253 | ▲ 64.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.8m | €5.7m | €4.6m | €4.1m | €4.4m | ▲ 7.3% |
| Formation expenses20 | - | - | - | €7,336 | €11,127 | ▲ 51.7% |
| Fixed assets21/28 | €3.5m | €510,270 | €406,162 | €381,475 | €399,241 | ▲ 4.7% |
| Intangible fixed assets21 | €10,461 | €12,448 | €10,922 | €9,044 | €47,078 | ▲ 421% |
| Tangible fixed assets22/27 | €270,412 | €193,361 | €208,899 | €182,549 | €162,282 | ▼ 11.1% |
| Plant, machinery and equipment23 | - | €8,982 | €16,343 | €21,642 | €27,591 | ▲ 27.5% |
| Furniture and vehicles24 | - | €184,379 | €192,556 | €159,440 | €133,373 | ▼ 16.3% |
| Other tangible fixed assets26 | - | - | - | €1,467 | €1,317 | ▼ 10.2% |
| Financial fixed assets28 | €3.3m | €304,461 | €186,341 | €189,881 | €189,881 | = |
| Affiliated companies280/1 | - | €115,000 | - | - | - | - |
| Participating interests280 | - | €115,000 | - | - | - | - |
| Companies linked by participating interests282/3 | - | €2,905 | - | - | - | - |
| Participating interests282 | - | €2,905 | - | - | - | - |
| Other financial fixed assets284/8 | - | €186,556 | - | - | - | - |
| Shares284 | - | €114,820 | - | - | - | - |
| Amounts receivable and cash guarantees285/8 | - | €71,736 | - | - | - | - |
| Current assets29/58 | €2.2m | €5.2m | €4.2m | €3.7m | €4.0m | ▲ 7.5% |
| Stocks and contracts in progress3 | €223,745 | €192,545 | €176,068 | €167,723 | €152,632 | ▼ 9.0% |
| Stocks30/36 | - | €192,545 | €176,068 | €167,723 | €152,632 | ▼ 9.0% |
| Raw materials and consumables30/31 | - | €59,477 | - | - | - | - |
| Goods purchased for resale34 | - | €133,068 | - | - | - | - |
| Amounts receivable within one year40/41 | €1.7m | €3.1m | €1.6m | €1.4m | €1.8m | ▲ 26.1% |
| Trade receivables40 | - | €764,370 | €1.1m | €920,079 | €852,992 | ▼ 7.3% |
| Other amounts receivable41 | - | €2.3m | €531,637 | €480,505 | €913,616 | ▲ 90.1% |
| Cash at bank and in hand54/58 | €240,460 | €1.9m | €259,593 | €123,302 | €164,779 | ▲ 33.6% |
| Deferred charges and accrued income490/1 | - | €31,524 | €2.1m | €2.0m | €1.9m | ▼ 5.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.8m | €5.7m | €4.6m | €4.1m | €4.4m | ▲ 7.3% |
| Equity10/15 | €2.7m | €3.5m | €1.8m | €1.4m | €1.3m | ▼ 9.3% |
| Contributions10/11 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Capital10 | - | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Issued capital100 | - | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Reserves13 | €1.8m | €1.8m | €349,181 | €349,181 | €349,181 | = |
| Non-distributable reserves130/1 | - | €113,842 | €113,842 | €113,842 | €113,842 | = |
| Legal reserve130 | - | €113,842 | €113,842 | €113,842 | €113,842 | = |
| Distributable reserves133 | - | €1.7m | €235,339 | €235,339 | €235,339 | = |
| Profit (loss) carried forward14 | -€254,029 | €616,034 | €315,884 | -€60,069 | -€192,322 | ▼ 220% |
| Provisions and deferred taxes16 | €1,950 | - | - | - | - | - |
| Amounts payable17/49 | €3.1m | €2.2m | €2.8m | €2.7m | €3.1m | ▲ 16.1% |
| Amounts payable after more than one year17 | - | - | €131,707 | €96,363 | €59,943 | ▼ 37.8% |
| Financial debts170/4 | - | - | €131,707 | €96,363 | €59,943 | ▼ 37.8% |
| Amounts payable within one year42/48 | €2.0m | €1.1m | €1.5m | €1.4m | €1.8m | ▲ 30.6% |
| Current portion of amounts payable after more than one year42 | - | - | €34,301 | €35,345 | €36,420 | ▲ 3.0% |
| Financial debts43 | - | - | - | €200,000 | €475,000 | ▲ 138% |
| Credit institutions430/8 | - | - | - | €200,000 | €475,000 | ▲ 138% |
| Trade debts44 | €623,724 | €421,207 | €1.1m | €752,527 | €634,414 | ▼ 15.7% |
| Suppliers440/4 | - | €421,207 | €1.1m | €752,527 | €634,414 | ▼ 15.7% |
| Taxes, remuneration and social security45 | - | €661,132 | €399,351 | €379,882 | €381,977 | ▲ 0.6% |
| Taxes450/3 | - | €47,726 | €30,275 | €67,290 | €68,171 | ▲ 1.3% |
| Remuneration and social security454/9 | - | €613,405 | €369,076 | €312,592 | €313,806 | ▲ 0.4% |
| Other amounts payable47/48 | - | €21 | €1,512 | €316 | €259,424 | ▲ 82,033% |
| Accrued charges and deferred income492/3 | - | €1.1m | €1.2m | €1.2m | €1.3m | ▲ 3.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€100,259 | €870,768 | -€300,150 | -€375,953 | -€132,253 | ▲ 64.8% |
| + Depreciation and write-downs630 | €135,544 | €131,318 | €123,873 | €73,890 | €56,864 | ▼ 23.0% |
| Operating cash flow (approximation) | €35,285 | €1.0m | -€176,277 | -€302,063 | -€75,389 | ▲ 75.0% |
| Investment in fixed assets (approximation) | - | €2.9m | -€19,765 | -€49,203 | -€74,631 | ▼ 51.7% |
| Change in cash | - | €1.7m | -€1.7m | -€136,291 | €41,478 | ▲ 130% |
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
07-08
State Gazette act
Capital & shares · RestructuringAppointment: Eric MALRAIN (mandataire de la société absorbée) · Merger · Declaration18 facts ▸
- General meeting, 22-07-2026
- Merger, opération assimilée à la fusion par absorption, transfert par la Société Absorbée, par suite de sa dissolution sans liquidation, de l'intégralité de son patrimo…
- Declaration, réception du projet commun, Chaque actionnaire confirme avoir reçu une copie du projet commun d'opération assimilée à la fusion par absorption
- Declaration, mise à disposition des documents, un mois au moins avant la présente assemblée
- Declaration, renonciation à l'état comptable clôturé, Chaque actionnaire déclare avoir renoncé à la mise à disposition d'un état comptable clôturé moins de trois mois avant…
- General meeting, unanimité, approbation du projet commun d'opération assimilée à la fusion par absorption
- Director appointment, Eric MALRAIN (mandataire de la société absorbée)
- General meeting, 22-07-2026
- Declaration, description du patrimoine transféré, le patrimoine transféré de la Société Absorbée comprend l'intégralité de son patrimoine actif et passif, rien excepté, ni r…
- Other statement, patrimoine transféré, plusieurs contrats de travail avec des travailleurs qui seront transférés conformément à la convention collective de travail n° 32bis
- General meeting, constatation de la réalisation effective de l'opération assimilée à la fusion par absorption, la Société Absorbée est dissoute sans liquidation et toutes les ac…
- General meeting, du 1er janvier 2026 à 00h00 jusqu'au jour du procès-verbal, modalités de décharge des administrateurs et du commissaire de la Société Absorbée
- +6 further facts in this act
21-05
State Gazette act
RestructuringMerger · Accounting effect3 facts ▸
- Board meeting, 13-03-2026
- Merger, absorption
- Accounting effect, 01-01-2026
About the unread acts
Of the 14 Belgian State Gazette acts we know for this company, 2 have been read. The other 12 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Other functions 1
Not every act has been read: a resignation may be missing here
2 establishment units
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63023F0074/00H000 | Wallonia | 1,012 m² | 1 · 181 m² | - |
Linked by address, not proof of ownership
Mandate history
- Other function
| Name | Functions and periods |
|---|---|
| Eric MALRAIN |
|
Articles of association
Structure & network
Owners and holdings
2 owners · 1 holdingChain of control
- ROSSEL INVEST SRL
- ROSSEL & Cie
- Grenz-Echo
Highest known parent: ROSSEL INVEST SRL. The sources do not say who stands above it.
Owners 2
- ROSSEL & Cieparent75%
-
25%
Holdings 1
-
51%
According to the 2024 annual accounts of Grenz-Echo 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
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
Acquisitions and mergers
1 transactionCapital and shareholders
- 07-08-2026 Capital increase of 100,000 EUR · to 1,238,418.87 EUR · no new shares · “sans émission de nouvelles actions”
Similar companies · same sector, comparable size
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.