GREPO
ActiveSummary
GREPO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €83,582 and a net result of €8,585. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 81% of 96 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability80▲+4
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 8.45 against 7.81 in 2025; short-term debt: 10.9% and cash: 76.9% of total assets), and 10.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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 2026Solvency, return and age of the figures
Solvency
89.1%
Return on assets
9.2%
Age of the figures
6 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 21-09-2026, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
40 d early
2025
43 d early
2024
55 d early
2023
30 d early
2022
39 d early
2021
27 d early
2020
34 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 38 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 21 September (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-03-2027 close31-10-2027 deadline
History
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Financials · fiscal year 2026, micro schema
Equity
€83,582▲ 11.4%
2025 · €74,997
Total assets
€93,767▲ 11.2%
2025 · €84,296
Net result
€8,585▲ 83.2%
2025 · €4,685
Working capital
€75,918▲ 19.9%
2025 · €63,322
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result€26,137▲ 763%€37,804▲ 44.6%€15,803▼ 58.2%€8,485▼ 46.3%€14,612▲ 72.2%
Net result€9,377within the sector's middle half▲ 212%€25,153within the sector's middle half▲ 168%€9,554within the sector's middle half▼ 62.0%€4,685within the sector's middle half▼ 51.0%€8,585▲ 83.2%
Equity€35,604within the sector's middle half▲ 35.8%€60,757within the sector's middle half▲ 70.6%€70,312within the sector's middle half▲ 15.7%€74,997within the sector's middle half▲ 6.7%€83,582▲ 11.4%
Total assets€54,500below the sector's middle half▲ 81.7%€76,310within the sector's middle half▲ 40.0%€86,950within the sector's middle half▲ 13.9%€84,296within the sector's middle half▼ 3.1%€93,767▲ 11.2%
Debt€18,896▲ 402%€15,553▼ 17.7%€16,639▲ 7.0%€9,299▼ 44.1%€10,185▲ 9.5%
Working capital€27,545within the sector's middle half▲ 82.2%€54,954within the sector's middle half▲ 99.5%€60,695within the sector's middle half▲ 10.4%€63,322within the sector's middle half▲ 4.3%€75,918▲ 19.9%
Solvency65.3%within the sector's middle half▼ 22.1pp79.6%above the sector's middle half▲ 14.3pp80.9%above the sector's middle half▲ 1.2pp89.0%above the sector's middle half▲ 8.1pp89.1%▲ 0.2pp
Current ratio2.46within the sector's middle half▼ 2.564.53above the sector's middle half▲ 2.084.65above the sector's middle half▲ 0.117.81above the sector's middle half▲ 3.168.45▲ 0.64
Return on assets (ROA)17.2%within the sector's middle half▲ 7.2pp33.0%above the sector's middle half▲ 15.8pp11.0%within the sector's middle half▼ 22.0pp5.6%within the sector's middle half▼ 5.4pp9.2%▲ 3.6pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2026; 2026 is 72% above 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €93,767
Fixed assets
€7,664 ▼ 34.4%
Current assets
€86,103 ▲ 18.6%
Equity and liabilities €93,767
Equity
€83,582 ▲ 11.4%
Debt
€10,185 ▲ 9.5%
Debt's share of the balance-sheet total falls from 11.0% to 10.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€19,448▲
2025 · €12,626
Cash flow
€13,422▲
2025 · €8,826
Debt to equity
0.12▼
2025 · 0.12
ROE
10.3%▲
2025 · 6.2%
Interest coverage
384.13▲
2025 · 306.75
Debt ≤ 1 year
€10,185▲
2025 · €9,299
Income taxes
€6,434▲
2025 · €4,267
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% 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 497,340 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% | 1.8% |
| 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 31,371 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.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,238 | €4,009 | €3,475 | €4,141 | €4,837 | ▲ 16.8% |
| Other operating charges640/8 | €1,714 | €3,145 | €3,280 | €3,366 | €3,330 | ▼ 1.1% |
| Gross operating margin9900 | €34,088 | €44,957 | €22,558 | €15,992 | €22,778 | ▲ 42.4% |
| Operating profit (loss)9901 | €26,137 | €37,804 | €15,803 | €8,485 | €14,612 | ▲ 72.2% |
| Financial income75/76B | €6 | €3 | €286 | €509 | €458 | ▼ 10.0% |
| Recurring financial income75 | €6 | €3 | €286 | €494 | €458 | ▼ 7.3% |
| Non-recurring financial income76B | - | - | - | €15 | - | - |
| Financial charges65/66B | €22 | €291 | €2,238 | €41 | €51 | ▲ 23.0% |
| Recurring financial charges65 | €22 | €291 | €2,188 | €41 | €51 | ▲ 23.0% |
| Non-recurring financial charges66B | - | - | €50 | - | - | - |
| Profit (loss) for the period before taxes9903 | €26,120 | €37,516 | €13,851 | €8,952 | €15,019 | ▲ 67.8% |
| Income taxes67/77 | €16,743 | €12,362 | €4,297 | €4,267 | €6,434 | ▲ 50.8% |
| Profit (loss) for the period9904 | €9,377 | €25,153 | €9,554 | €4,685 | €8,585 | ▲ 83.2% |
| Transfer from tax-exempt reserves789 | €35,419 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €44,796 | €25,153 | €9,554 | €4,685 | €8,585 | ▲ 83.2% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €54,500 | €76,310 | €86,950 | €84,296 | €93,767 | ▲ 11.2% |
| Fixed assets21/28 | €8,059 | €5,803 | €9,617 | €11,674 | €7,664 | ▼ 34.4% |
| Tangible fixed assets22/27 | €8,059 | €5,803 | €9,617 | €11,674 | €7,664 | ▼ 34.4% |
| Plant, machinery and equipment23 | - | €1,230 | €646 | €62 | €807 | ▲ 1,209% |
| Furniture and vehicles24 | €8,059 | €4,573 | €8,971 | €11,613 | €6,857 | ▼ 41.0% |
| Current assets29/58 | €46,441 | €70,507 | €77,333 | €72,621 | €86,103 | ▲ 18.6% |
| Amounts receivable within one year40/41 | €18,929 | €14,405 | €22,743 | €13,009 | €13,977 | ▲ 7.4% |
| Trade receivables40 | €7,615 | €4,405 | €2,700 | €6,935 | €6,935 | = |
| Other amounts receivable41 | €11,314 | €10,000 | €20,043 | €6,074 | €7,042 | ▲ 15.9% |
| Cash at bank and in hand54/58 | €27,512 | €56,102 | €54,590 | €59,612 | €72,125 | ▲ 21.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €54,500 | €76,310 | €86,950 | €84,296 | €93,767 | ▲ 11.2% |
| Equity10/15 | €35,604 | €60,757 | €70,312 | €74,997 | €83,582 | ▲ 11.4% |
| Reserves13 | €45,000 | €70,000 | €70,000 | €74,500 | €83,000 | ▲ 11.4% |
| Distributable reserves133 | €45,000 | €70,000 | €70,000 | €74,500 | €83,000 | ▲ 11.4% |
| Profit (loss) carried forward14 | -€9,396 | -€9,243 | €312 | €497 | €582 | ▲ 17.1% |
| Amounts payable17/49 | €18,896 | €15,553 | €16,639 | €9,299 | €10,185 | ▲ 9.5% |
| Amounts payable within one year42/48 | €18,896 | €15,553 | €16,639 | €9,299 | €10,185 | ▲ 9.5% |
| Trade debts44 | - | €92 | - | €415 | €35 | ▼ 91.7% |
| Suppliers440/4 | - | €92 | - | €415 | €35 | ▼ 91.7% |
| Taxes, remuneration and social security45 | €18,896 | €15,461 | €16,639 | €8,884 | €10,150 | ▲ 14.3% |
| Taxes450/3 | €18,896 | €15,461 | €16,639 | €8,884 | €10,150 | ▲ 14.3% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,377 | €25,153 | €9,554 | €4,685 | €8,585 | ▲ 83.2% |
| + Depreciation and write-downs630 | €6,238 | €4,009 | €3,475 | €4,141 | €4,837 | ▲ 16.8% |
| Operating cash flow (approximation) | €15,615 | €29,162 | €13,030 | €8,826 | €13,422 | ▲ 52.1% |
| Investment in fixed assets (approximation) | - | -€1,753 | -€7,289 | -€6,198 | -€826 | ▲ 86.7% |
| Change in cash | - | €28,589 | -€1,512 | €5,022 | €12,513 | ▲ 149% |
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 2027, expected by
2026
21-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
2025
18-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
06-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
01-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Highest result since 2019net €25,153 ▲168%
Operating result €37,804, net result €25,153, both a record.
2022
22-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
04-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Back to profitnet €3,006
Net result €3,006 after one loss-making year.
2020
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Weakest financial yearnet -€3,099
Net result drops to -€3,099, the lowest in the series; recovery starts the following year.
31-03
Financial
Liquidity quadruplescurrent ratio 98.29
Current ratio from 26.57 to 98.29; short-term debt falls from €3,839 to €1,046.
2019
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
10-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Koksijde · 1 establishment unit since 2002
Ground area
2,195 m²
Building footprint
545 m²
Parcel 38018A0583/00B000, Flanders. Linked by address, not a title deed.
1 establishment unit
Duinparklaan(Odk) 100, 8670 Koksijde
since 20022.114.170.131
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38018A0583/00B000 | Flanders | 2,195 m² | 1 · 545 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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Of 2,709 companies in sector 73200 we hold annual accounts for 1,786. 1,287 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
Founded15-10-2002
Fiscal year end31-03
Activities, NACEBEL 2025
73200Market research and public opinion polling
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0478567613
Also
9925:BE0478567613
Registered
02-12-2024
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.